REFOX
Annual accounts 2025
micro format, filed on 29-04-2026, 93 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €130,000 and €230,000.
Balance sheet
balance sheet total €248,575 on 31-12-2025in euro
in euro
Position in the sector
0.0%
Lower than 95% of 16,409 companies in 2025.
0.39
Lower than 95% of 16,149 companies in 2025.
19.3%
Higher than 52% of 16,286 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
248,575 | 258,531 | 311,142 | 273,240 | 247,855 | 56,062 | |
21/28 |
194,932 | 202,683 | 214,766 | 195,344 | 205,225 | - | |
22/27 |
194,932 | 202,683 | 214,766 | 195,344 | 205,225 | - | |
22 |
193,835 | 202,683 | 214,766 | 195,344 | 197,320 | - | |
24 |
1,097 | - | - | - | 7,906 | - | |
29/58 |
53,643 | 55,848 | 96,377 | 77,896 | 42,629 | 56,062 | |
40/41 |
35,754 | 2,165 | 2,165 | 347 | 5,601 | - | |
40 |
35,574 | - | - | - | - | - | |
41 |
180 | 2,165 | 2,165 | 347 | 5,601 | - | |
54/58 |
17,890 | 53,683 | 94,212 | 77,549 | 37,028 | 56,062 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
248,575 | 258,531 | 311,142 | 273,240 | 247,855 | 56,062 | |
10/15 |
1 | 53,417 | 1 | 97,036 | 64,695 | 39,594 | |
10/11 |
1 | 1 | 1 | 1 | 1 | 1 | |
14 |
- | 53,416 | - | 97,035 | 64,694 | 39,593 | |
17/49 |
248,574 | 205,114 | 311,141 | 176,203 | 183,160 | 16,468 | |
17 |
109,571 | 119,931 | 130,171 | 140,291 | 150,295 | - | |
170/4 |
109,571 | 119,931 | 130,171 | 140,291 | 150,295 | - | |
42/48 |
139,004 | 85,183 | 180,586 | 35,912 | 32,866 | 16,468 | |
42 |
10,360 | 10,240 | 10,121 | 10,003 | 9,887 | - | |
44 |
1,212 | 2,198 | 1,940 | 2,224 | - | 7 | |
440/4 |
1,212 | 2,198 | 1,940 | 2,224 | - | 7 | |
45 |
19,982 | 15,573 | 16,536 | 4,009 | 12,826 | 9,392 | |
450/3 |
19,982 | 15,573 | 16,536 | 4,009 | 12,826 | 9,392 | |
47/48 |
107,450 | 57,172 | 151,990 | 19,676 | 10,153 | 7,069 | |
492/3 |
- | - | 384 | - | - | - | |
| Income statement | |||||||
9900 |
82,224 | 89,592 | 64,676 | 61,835 | 37,926 | 55,523 | |
630 |
12,209 | 12,083 | 11,273 | 9,975 | 3,902 | - | |
640/8 |
1,600 | 1,482 | 1,968 | 3,642 | 1,264 | 1,453 | |
9901 |
68,415 | 76,028 | 51,435 | 48,218 | 32,761 | 54,070 | |
75/76B |
127 | 34 | 0 | 0 | 32 | 0 | |
75 |
127 | 34 | 0 | 0 | 32 | 0 | |
65/66B |
3,137 | 3,653 | 3,926 | 3,223 | 294 | 0 | |
65 |
3,137 | 3,653 | 3,926 | 3,223 | 294 | 0 | |
9903 |
65,405 | 72,408 | 47,509 | 44,995 | 32,499 | 54,071 | |
67/77 |
17,358 | 18,992 | 12,835 | 12,653 | 7,399 | 14,478 | |
9904 |
48,047 | 53,416 | 34,673 | 32,342 | 25,100 | 39,593 | |
9905 |
48,047 | 53,416 | 34,673 | 32,342 | 25,100 | 39,593 | |
| Appropriation of the result | |||||||
9906 |
101,463 | 53,416 | 131,709 | 97,035 | 64,694 | 39,593 | |
14P |
53,416 | - | 97,035 | 64,694 | 39,593 | - | |
694/7 |
101,463 | - | 131,709 | - | - | - | |
694 |
101,463 | - | 131,709 | - | - | - | |
| Document | |||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-04-2026 | 2026-00092464 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00419798 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00426650 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00379525 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20300577 | |
| 31-12-2020 | micro format | 26-04-2021 | 2021-11100218 |
Subsidies and aid
Flemish government 2022 to 2023, 2 entries, €215 awarded, €215 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €117 | €117 |
| 2022 | 1 | €98 | €98 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 80,624 | 88,111 | 62,708 | 58,194 | 36,662 | - | ||
| 60,256 | 65,499 | 45,947 | 42,317 | 29,002 | - | ||
| 4,458 | 0 | 30,695 | 8,000 | 209,127 | - | ||
| -35,794 | -40,529 | 16,663 | 40,521 | -19,034 | - | ||
| -85,360 | -29,335 | -84,210 | 41,984 | 9,764 | 39,594 | ||
| 0.0% | 20.7% | 0.0% | 35.5% | 26.1% | 70.6% | ||
| 0.39 | 0.66 | 0.53 | 2.17 | 1.30 | 3.40 | ||
| - | 3.84 | - | 1.82 | 2.83 | 0.42 | ||
| - | 100.0% | - | 33.3% | 38.8% | 100.0% | ||
| 19.3% | 20.7% | 11.1% | 11.8% | 10.1% | 70.6% | ||
| 25.70 | 24.12 | 15.97 | 18.05 | over 100 | - |
The equity ratios are withheld because equity of €1 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 |
| €430,000 | €430,000 | €430,000 | €430,000 | €430,000 | |
| Carrying value of the mortgaged assets | €193,835 | €202,683 | €214,766 | €195,344 | €197,320 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,458 | - | €30,695 | €8,000 | €209,127 |
| €12,209 | €12,083 | €11,273 | €9,975 | €3,902 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on REFOX
The operating result for 2025 is 10% lower than in 2024.
Debt's share of the balance-sheet total rises from 79.3% to 100.0%. Equity is lower and debt is higher.