REFRACTAIRES et TRAVAUX
ActiveREFRACTAIRES et TRAVAUX has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.55M and a net result of €356k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 46% of 2031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+28
Solvency76▼-5
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.74 in 2024), but 59.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.1%
Return on assets
9.2%
Age of the figures
8 mo
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
71 d early
2023
51 d early
2022
33 d early
2021
39 d early
2020
44 d early
2019
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€356k▲ 82.4%
2024 · €195k
2018: €202k
2019: €280k
2020: €14k
2021: €6k
2022: €115k
2023: €352k
2024: €195k
2018 → 2025
Working capital
€1.02M▲ 3.1%
2024 · €993k
2018: €376k
2019: €152k
2020: €104k
2021: €254k
2022: €478k
2023: €945k
2024: €993k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€762k-€874k▲ 14.6%€1.17M▲ 34.1%€1.36M▲ 16.4%€1.55M▲ 13.8%
Operating result€28k-€65k▲ 133%€528k▲ 716%€320k▼ 39.3%€472k▲ 47.3%
Net result€6k-€115k▲ 1,699%€352k▲ 205%€195k▼ 44.5%€356k▲ 82.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.87M
Fixed assets
€1.07M▼ 2.2%
Current assets
€2.80M▲ 20.5%
Equity and liabilities €3.87M
Equity
€1.55M▲ 13.8%
Provisions
€202k▼ 45.6%
Debt
€2.12M▲ 25.8%
The debt ratio rises from 49.2% to 54.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€603k▲
2024 · €449k
Cash flow
€488k▲
2024 · €324k
Solvency
40.1%▲
2024 · 39.9%
Current ratio
1.57▼
2024 · 1.74
Quick ratio
1.35▼
2024 · 1.66
Debt / equity
1.37▲
2024 · 1.23
ROE
23.0%▲
2024 · 14.3%
ROA
9.2%▲
2024 · 5.7%
Interest coverage
14.99▲
2024 · 9.55
Debt
€2.12M▲
2024 · €1.68M
Debt ≤ 1 year
€1.78M▲
2024 · €1.33M
Debt > 1 year
€334k▼
2024 · €347k
Income taxes
€83k▼
2024 · €86k
Staff costs
€1.06M▲
2024 · €946k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.42M€3.87M▲
Fixed assets21/28€1.09M€1.07M▼
Tangible fixed assets22/27€1.09M€1.07M▼
Land and buildings22€911k€852k▼
Plant, machinery and equipment23€61k€53k▼
Furniture and vehicles24€115k€151k▲
Assets under construction and advance payments27-€10k
Financial fixed assets28€4k€50▼
Current assets29/58€2.33M€2.80M▲
Stocks and contracts in progress3€115k€404k▲
Stocks30/36€115k€101k▼
Contracts in progress37-€303k
Amounts receivable within one year40/41€966k€1.37M▲
Trade receivables40€940k€1.34M▲
Other amounts receivable41€27k€27k▲
Cash at bank and in hand54/58€1.20M€1.02M▼
Deferred charges and accrued income490/1€43k€12k▼
Equity and liabilities
Total equity and liabilities10/49€3.42M€3.87M▲
Equity10/15€1.36M€1.55M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.26M€1.45M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€417k€407k▼
Distributable reserves133€833k€1.03M▲
Investment grants15€45k€41k▼
Provisions and deferred taxes16€371k€202k▼
Provisions for liabilities and charges160/5€260k€95k▼
Environmental obligations163€260k€95k▼
Deferred taxes168€111k€107k▼
Amounts payable17/49€1.68M€2.12M▲
Amounts payable after more than one year17€347k€334k▼
Financial debts170/4€347k€334k▼
Amounts payable within one year42/48€1.33M€1.78M▲
Current portion of amounts payable after more than one year42€87k€82k▼
Financial debts43€402k€402k=
Credit institutions430/8€402k€402k=
Trade debts44€558k€571k▲
Suppliers440/4€558k€571k▲
Advances received on contracts in progress46-€309k
Taxes, remuneration and social security45€152k€208k▲
Taxes450/3€30k€41k▲
Remuneration and social security454/9€122k€167k▲
Other amounts payable47/48€134k€209k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Non-recurring operating income76A€13k-
Remuneration, social security and pensions62€946k€1.06M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129k€131k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€20k€10k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-146k€-165k▼
Other operating charges640/8€15k€15k▲
Non-recurring operating charges66A€5k€3k▼
Gross operating margin9900€1.29M€1.52M▲
Operating profit (loss)9901€320k€472k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€47k€40k▼
Recurring financial charges65€47k€40k▼
Profit (loss) for the period before taxes9903€277k€435k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€86k€83k▼
Profit (loss) for the period9904€195k€356k▲
Transfer from tax-exempt reserves789€10k€10k=
Transfer to tax-exempt reserves689€137k-
Profit (loss) for the period to be appropriated9905€68k€366k▲
Appropriation of the result
Profit (loss) to be appropriated9906€68k€366k▲
Transfer to equity691/2€68k€201k▲
To other reserves6921€68k€201k▲
Profit to be distributed694/7-€165k
Directors or managers695-€150k
Employees696-€15k
Social balance
Average headcount (FTE)908713.915.3▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
State Gazette act
Resignations & appointmentsGeneral meeting · Approval · Director discharge6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Approval · Director discharge6 facts ▸
- General meeting, 15/05/2026
- Approval, bilan et compte de résultats arrêtés au 31/12/2025
- Director discharge, Réfractaires et Travaux
- Director reappointment, Réfractaires Serge Fontaine SRL (administrateur)
- Director appointment, Serge Fontaine (administrateur-délégué)
- Director reappointment, Stéphane Fontaine (administrateur)
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €356k ▲82.4%
Net result €356k, the highest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1MEq €1.17M ▲34.1%
6 profitable years in a row build equity to €1.17M.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €6k ▼55.5%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26351375). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
REFRACTAIRES SERGE FONTAINE
CurrentDirector · since 15-05-2026 · Private limited company
Serge Fontaine
CurrentManaging director · since 15-05-2026
Stéphane Fontaine
CurrentDirector · since 15-05-2026
15-05-2026
REFRACTAIRES SERGE FONTAINE: Mandate renewed as Director
15-05-2026
Serge Fontaine: Appointed as Managing director
15-05-2026
Stéphane Fontaine: Mandate renewed as Director
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route de Wallonie (G.) 17011 MonsGround area
2,009 m²
Parcel 53030B0247/00S005, Wallonia. Linked by address, not a title deed.
1 establishment unit
R ET T SA
since 19982.088.764.940
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030B0247/00S005 | Wallonia | 2,009 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared corporate director
→
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
REFRACTAIRES et TRAVAUXBE 0464.209.633
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Of 15,430 companies in sector 43990 we hold annual accounts for 7,352. 2,432 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-09-1998
Fiscal year end31-12
Abbreviation FR
R et T
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:s.beucken@refractairestravaux.com
Phone:+32065394438
Fax:+32065394431