Refract
Annual accounts 2025
micro format, filed on 26-06-2026, 35 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 ≈ €110,000. Estimated: probably between €52,000 and €210,000.
Balance sheet
balance sheet total €48,966 on 31-12-2025in euro
in euro
Position in the sector
86.4%
Higher than 83% of 21,208 companies in 2025.
8.98
Higher than 87% of 20,571 companies in 2025.
20.4%
Higher than 53% of 20,746 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
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 |
48,966 | 39,894 | 52,755 | 43,627 | 49,755 | 35,746 | |
21/28 |
7,973 | 1,382 | 5,241 | 14,708 | 8,574 | 1,526 | |
22/27 |
7,973 | 1,382 | 5,241 | 14,708 | 8,574 | 1,526 | |
23 |
3,608 | 1,167 | 4,820 | 14,082 | 7,416 | 776 | |
24 |
4,365 | 215 | 421 | 626 | 1,158 | 750 | |
29/58 |
40,993 | 38,511 | 47,514 | 28,919 | 41,180 | 34,220 | |
40/41 |
25,000 | 15,412 | 16,310 | 16,090 | 26,441 | 14,190 | |
40 |
0 | 11,395 | 16,310 | 15,194 | 25,439 | 13,107 | |
41 |
25,000 | 4,017 | 0 | 897 | 1,002 | 1,083 | |
54/58 |
15,210 | 22,583 | 28,955 | 10,706 | 12,758 | 17,597 | |
490/1 |
782 | 516 | 2,249 | 2,123 | 1,981 | 2,433 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
48,966 | 39,894 | 52,755 | 43,627 | 49,755 | 35,746 | |
10/15 |
42,330 | 32,337 | 26,106 | 11,888 | 17,269 | 11,498 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
13 |
41,330 | 31,337 | 25,106 | 10,888 | 16,269 | 10,498 | |
133 |
41,330 | 31,337 | 25,106 | 10,888 | 16,269 | 10,498 | |
17/49 |
6,636 | 7,557 | 26,649 | 31,739 | 32,486 | 24,247 | |
17 |
2,073 | - | - | - | - | - | |
170/4 |
2,073 | - | - | - | - | - | |
42/48 |
4,563 | 7,557 | 26,649 | 31,739 | 32,286 | 24,247 | |
42 |
1,024 | 3,375 | - | - | - | - | |
43 |
929 | 188 | 804 | 4,373 | 0 | 18 | |
430/8 |
929 | 188 | 804 | 4,373 | 0 | 18 | |
44 |
556 | 392 | 3,466 | 2,616 | 1,331 | 2,154 | |
440/4 |
556 | 392 | 3,466 | 2,616 | 1,331 | 2,154 | |
45 |
2,053 | 3,565 | 6,485 | 5,621 | 3,388 | 3,723 | |
450/3 |
2,053 | 3,565 | 6,485 | 5,621 | 3,388 | 3,723 | |
47/48 |
0 | 37 | 15,893 | 19,129 | 27,567 | 18,352 | |
492/3 |
- | - | - | 0 | 200 | - | |
| Income statement | |||||||
76A |
5,696 | 0 | 93 | - | - | - | |
9900 |
20,384 | 16,036 | 44,369 | 29,645 | 26,191 | 30,340 | |
630 |
2,584 | 3,858 | 5,204 | 4,775 | 2,804 | 1,056 | |
640/8 |
4,312 | 551 | 17,381 | 27,539 | 14,152 | 13,551 | |
66A |
- | - | 0 | 605 | - | - | |
9901 |
13,488 | 11,627 | 21,784 | -3,273 | 9,236 | 15,732 | |
75/76B |
1,671 | 1 | 0 | 1,024 | 1,579 | 3 | |
75 |
1,671 | 1 | 0 | 1,024 | 1,579 | 3 | |
65/66B |
2,102 | 1,415 | 1,624 | 2,978 | 2,346 | 1,192 | |
65 |
2,102 | 1,415 | 1,624 | 2,978 | 2,346 | 1,192 | |
9903 |
13,056 | 10,213 | 20,160 | -5,228 | 8,469 | 14,543 | |
67/77 |
3,063 | 3,983 | 5,942 | 152 | 2,698 | 4,044 | |
9904 |
9,994 | 6,230 | 14,218 | -5,381 | 5,771 | 10,498 | |
9905 |
9,994 | 6,230 | 14,218 | -5,381 | 5,771 | 10,498 | |
| Appropriation of the result | |||||||
9906 |
9,994 | 6,230 | 14,218 | -5,381 | 5,771 | 10,498 | |
791/2 |
- | - | 0 | 5,381 | - | - | |
691/2 |
9,994 | 6,230 | 14,218 | 0 | 5,771 | 10,498 | |
6921 |
9,994 | 6,230 | 14,218 | 0 | 5,771 | 10,498 | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
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 | 26-06-2026 | 2026-00209367 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00236278 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00177605 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00417005 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20210931 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-44400115 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 16,071 | 15,486 | 26,988 | 1,501 | 12,040 | 16,789 | ||
| 12,577 | 10,089 | 19,422 | -606 | 8,575 | 11,555 | ||
| 9,175 | 0 | 0 | 12,113 | 9,853 | 2,582 | ||
| -7,373 | -6,371 | 18,248 | -2,052 | -4,839 | - | ||
| 36,430 | 30,954 | 20,865 | -2,819 | 8,895 | 9,973 | ||
| 86.4% | 81.1% | 49.5% | 27.2% | 34.7% | 32.2% | ||
| 8.98 | 5.10 | 1.78 | 0.91 | 1.28 | 1.41 | ||
| 0.16 | 0.23 | 1.02 | 2.67 | 1.88 | 2.11 | ||
| 23.6% | 19.3% | 54.5% | -45.3% | 33.4% | 91.3% | ||
| 20.4% | 15.6% | 27.0% | -12.3% | 11.6% | 29.4% | ||
| 7.65 | 10.94 | 16.62 | 0.50 | 5.13 | - |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,175 | - | €0 | €12,113 | €9,853 |
| €2,584 | €3,858 | €5,204 | €4,775 | €2,804 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Refract
The operating result for 2025 is 16% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 18.9% to 13.6%. Equity is higher and debt is lower.