Equity
€9,840 from €81,027 in 2018
Equity fell by 88% in 7 years.
REFPOINT
Lifetime
10 annual accounts with figures on one time axispeak €79,394 (2025)
€79,394▲ 9.9%
peak €64,840 (2025)
€64,840▲ 16.1%
peak €81,027 (2018)
€9,840
€143,534▲ 76.8%
Board1 name since 2021
1 directorNIJSTEN,Kris
Documentsfilings and deeds
02-07-202629 days before the deadline
2025micro format
Dividend €55,000Debts from €81,190 to €143,534Investments €7,877Cash from €60,710 to €109,836
Key points
from the 2025 annual accountsTurnover
≈ €240,000 estimated
The accounts state no turnover.
Debts
€143,534 94% of the balance sheet
Suppliers 1%Taxes and wages 13%Other 86%
Investments
€7,877 5.9 × depreciation
Green is investment, beige is depreciation.
Filings
10 annual accounts 1 late
The 2019 accounts came 17 days late. The other nine were filed on time.
Position in the sector
€64,840
Higher net result than 90% of companies in education. Sector median €7,281 · 2,614 companies.
Checked score
93
Excellent
Financially stronger than 48% of micro companies in education (NACE 85)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Equity €9,840 (6.4% of total assets)
lowers risk
Sector: Education (NACE 85)
Size: total assets €153,374
Liquidity: current ratio 1.01, cash €109,836
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro). It does better than 20% of them on solvency, 33% on liquidity and 90% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,325 companies had the same profile as REFPOINT has now. Each dot stands for 4 companies, two years later.
95.2%
were still trading
3.2%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of REFPOINT itself is lower: 0.1% within 12 months. It rests on far more data about REFPOINT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,325 companies, not a prediction for REFPOINT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.01 (0.98 in 2024), below the usual 1.5. Short-term debt is 93.6% and cash 71.6% of total assets. 93.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2612 sector peers (2025).
NBB · sector comparisonPosition among 2612 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
45 days early
2023
51 days early
2022
49 days early
2021
48 days early
2020
9 days early
2019
17 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0636878442
Change of role: NIJSTEN, Kris, from manager to director
“Het verstrekken,onder begeleiding,van onderwijs en beroepsopleiding en herscholing,evenwel met uitsluiting van…” (deed in Dutch) · Director discharge: NIJSTEN, Kris · Gazette deed
Registered office moved from Averbode to Hasselt
New registered office: Luikersteenweg 244F te 3500 Hasselt · Previous registered office: Sprinkhaanstraat 1 te 3271 Averbode · General meeting of 27-01-2021 · Gazette deed
Incorporation
published on 18-09-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REFPOINT Hasselt | €153,374 | €79,394 | 6.4% | - |
| AETHER ARTS Genk | €150,747 | €65,201 | 8.3% | - |
| SIMPLEXITY La Louvière | €158,691 | €90,332 | 48.5% | - |
| MANAGEMENT SPARK Berlaar | €170,164 | €72,506 | 23.0% | - |
| GHR ET COM Liège | €122,875 | €67,795 | 60.3% | - |
| CABINET MEDICAL DU Dr CLAES G Soignies | €185,274 | €62,431 | 85.5% | - |
| METANESIS Waterloo | €133,740 | €56,949 | 9.8% | - |
These companies have the same main activity as REFPOINT: vocational training (NACE 85592). They are comparable in size and age: total assets between €123,000 and €185,000, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 09-09-2015Normal situation
- Activity
- Vocational trainingNACE 85592
- Establishment unit
- 2.247.533.7483500 Hasselt, since 09-09-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 11-01-2026
Annual accounts 2025
- €153,374▲ 88.9%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on REFPOINT
REFPOINT files the micro format. That format states no turnover. The gross margin rose from €55,557 in 2016 to €79,394 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about REFPOINT
- What is the company number of REFPOINT?
- The company number of REFPOINT is 0636.878.442. The VAT number is the same number with BE in front: BE 0636.878.442.
- Where is REFPOINT based?
- The registered office is at Luikersteenweg 244F, 3500 Hasselt.Company details
- What does REFPOINT do?
- According to the KBO register, the main activity is vocational training (NACE 85592).
- What is the legal form of REFPOINT?
- REFPOINT is a private limited company (BV).
- When was REFPOINT founded?
- REFPOINT was founded on 09-09-2015.
- Is REFPOINT still active?
- Yes, REFPOINT is an active enterprise in the KBO register.
- What is the turnover of REFPOINT?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €79,394 and 2,667 comparable companies of the same size. It probably lies between €160,000 and €410,000. It is a rough estimate.Financials
- Is REFPOINT profitable?
- In financial year 2025, REFPOINT made a profit of €64,840.
- Where can I find the annual accounts of REFPOINT?
- REFPOINT filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of REFPOINT due?
- REFPOINT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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