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REFRACTORY PARTNERS

Active
Public limited companyfounded 1996active for 30 yearsRoute de Wallonie (G.) 1, 7011 Mons, BelgiumKBO/BCE: BE 0458.826.430
Summary

REFRACTORY PARTNERS has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €154,443. Equity is growing by about 33% per year across the filed financial years. Its solvency ranks better than 64% of 364 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
REFRACTORY PARTNERSActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23200
10th largest company by total assets in Mons, Manufacturing sector1 site
Size
≈ €1.7mturnover 2025, estimated
Staff
3.7 FTE
Equity
€1.0m
Profit
€154,443
Turnover estimated from the gross margin
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
REFRACTAIRES SERGE FONTAINE · 99%
2025 accounts 66 days early3 of 14 deeds summarised
Why 95lowers riskEquity €1.0m (57.9% of total assets)Founded in 1996Sector: Manufacture of other non-metallic mineral products (NACE 23)Size: 3.7 FTE, total assets €1.8mShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 23, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 83+17
equity 57.9% of total assets
Liquidity 45-3
short-term debt 37.5% · cash 10.2%
Profitability 76+1
return on assets 8.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (858 companies, NACE 23, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 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 04-2025highest value 06-2025: < 0.1%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 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%● unchanged 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%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.52, compared with 1.8 in 2024, above the usual 1.5; short-term debt: 37.5% and cash: 10.2% of total assets), and 42.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 23, micro): better than 60% on solvency, 39% on liquidity, 62% on profitability and 75% on growth.

The bankruptcy probability was computed on 29-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Equity €1.0m (57.9% of total assets)
NBB · annual accounts
lowers risk · Founded in 1996
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Sector: Manufacture of other non-metallic mineral products (NACE 23)
KBO
lowers risk · Size: 3.7 FTE, total assets €1.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2025
66 days early
2024
71 days early
2023
51 days early
2022
33 days early
2021
39 days early
2020
44 days early
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 51 days before the deadline; the sector median (NACE 23) for financial year 2024 is 9 days before the deadline, and 34% 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 11 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: Dominique Dejean (managing director) and…Reappointments: Refractaires Serge Fontaine S.R.L…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Equity above €1mequity €1.0m ▲17.9%

Key points

  • Positive: 10th largest company by total assets in Mons, Manufacturing sectorin the Checked rankings No. 10 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by REFRACTAIRES SERGE FONTAINE 99% View
  • New directorslatest change 15-05-2026 · 1 in office 2 joined View
  • Positive: 5 profitable years in a rowprofit 2025: €154,443 5 years View

By topic

Financials

Financial year
2025
Total assets
€1.8m
Profit
€154,443
Solvency
57.9%
Total assets▼ 15.7%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
REFRACTAIRES SERGE FONTAINE · 99%
  • Fontaine StéphaneDirector
Go to Board & ownership

Timeline

Events
38
Since
1998
Next accounts
by 31-07-2027
  1. 21-05-2025Annual accounts filed
  2. 10-06-2024Annual accounts filed
  3. 31-12-2023Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of other non-metallic mineral productsNACE 23200
Founded
19-09-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
11
Annual meeting
Third Friday of May at 18:00
Purpose
“Tout ce qui se rapporte à la fabrication et à la commercialisation de tous les équipements…” (deed in French)
Go to Articles of association

Key facts about REFRACTORY PARTNERS

What is the company number of REFRACTORY PARTNERS?
0458.826.430. In Belgium the VAT number is the company number with BE in front: BE 0458.826.430.
Where is REFRACTORY PARTNERS based?
The registered office is at Route de Wallonie (G.) 1, 7011 Mons.Company details
What does REFRACTORY PARTNERS do?
According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23200).
What is the legal form of REFRACTORY PARTNERS?
Public limited company (NV).
When was REFRACTORY PARTNERS founded?
On 19-09-1996.
Is REFRACTORY PARTNERS still active?
Yes, REFRACTORY PARTNERS is an active enterprise in the KBO register.
How many employees does REFRACTORY PARTNERS have?
On average 3.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of REFRACTORY PARTNERS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is REFRACTORY PARTNERS profitable?
In financial year 2025, REFRACTORY PARTNERS made a profit of €154,443.
Where can I find the annual accounts of REFRACTORY PARTNERS?
REFRACTORY PARTNERS filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of REFRACTORY PARTNERS due?
By 31-07-2027, for financial year 2026.Timeline

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