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REFRECO

Active
Private limited companyfounded 2010active for 16 yearsRue de la Science 25, 4530 Villers-le-Bouillet, BelgiumKBO/BCE: BE 0826.907.875
Summary

REFRECO has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €630,270 and a net result of -€17,602. Equity is growing by about 8.9% per year across the filed financial years. Its solvency ranks better than 20% of 592 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisFollow ReportCompare
REFRECOActiveChecked score 65/100
Risk analysis ReportCompare

Overview

Activity
Repair and maintenance of machinery
NACE 33120Installation of industrial machinery and equipment NACE 33200
6th largest employer in Villers-le-Bouillet, Manufacturing sector1 site
Size
€4.6mtotal assets 2025
Staff
29.9 FTE
Equity
€630,270
Loss
-€17,602
Financial health
65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Board
5 members
Auditor: 3R, Leboutte & C°2025 accounts 18 days early3 of 10 deeds summarised
Why 65raises riskEquity €630,270 (13.7% of total assets)Liquidity: current ratio 1.13, cash €264,027Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)lowers riskFigures for financial year 2025 (filed 13-07-2026)Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 18% of its sector peers (NACE 33, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 39+3
equity 13.7% of total assets
Liquidity 17-31
short-term debt 74.8% · cash 5.7%
Profitability 48-24
return on assets -0.4%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (194 companies, NACE 33, small)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▼ -0.2 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.3%▼ -0.1 percentage points vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025lowest value 01-2026: 0.3%● unchanged vs 12-2025lowest value 02-2026: 0.4%▲ +0.1 percentage points vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.9%▲ +0.4 percentage points vs 07-2026highest value 09-2026: 0.9%● unchanged vs 08-2026highest value 10-2026: 0.9%● unchanged vs 09-2026highest value
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.13, compared with 3.1 in 2024, below the usual 1.5; short-term debt: 74.8% and cash: 5.7% of total assets), and 86.3% 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 33, small): better than 15% on solvency, 11% on liquidity, 23% on profitability and 24% on growth.

The bankruptcy probability was computed on 26-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Equity €630,270 (13.7% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.13, cash €264,027
NBB · annual accounts
raises risk · Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
KBO
lowers risk · Figures for financial year 2025 (filed 13-07-2026)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 592 sector peers (2025).
NBB · sector comparison
Position among 592 sector peers
Solvency
better than 20%
← 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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
7 days early
2023
2 days late
2022
26 days early
2021
38 days early
2020
45 days early
2019
6 days late
← 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 18 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% 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 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Resignation: Frédéric DARDENNE (director)Appointments: Consulfin, Sébastien UGONA and…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Caution: From profit to loss in 2025after €161,830 in 2024 -€17,602 View
  • Caution: Among the weakest 12% on net resultsector median €43,436 · 591 companies -€17,602 View
  • Board5 directors in office 5 View

By topic

Financials

Financial year
2025
Total assets
€4.6m
Loss
-€17,602
Solvency
13.7%
Total assets▼ 21.6%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
Auditor
3R, Leboutte & C°
  • Gautier GermaineDirector
  • OPTIM'ICE ConsultDaily manager
  • CONSULFINDirector
  • Sébastien UGONADirector
  • Optim'Ice SRLDirector
Go to Board & ownership

Timeline

Events
25
Since
2011
Next accounts
by 31-07-2027
  1. 31-12-2024Back to profit
  2. 31-12-2024Equity above €500,000
  3. 02-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Repair and maintenance of machineryNACE 33120
Founded
24-06-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
29
Who signs
Each director alone
Annual meeting
Third Friday of May at 17:00
Purpose
“L'entreprise de réfrigération commerciale et industrielle; Climatisation(pompes à…” (deed in French)
Go to Articles of association

Key facts about REFRECO

What is the company number of REFRECO?
0826.907.875. In Belgium the VAT number is the company number with BE in front: BE 0826.907.875.
Where is REFRECO based?
The registered office is at Rue de la Science 25, 4530 Villers-le-Bouillet.Company details
What does REFRECO do?
According to the KBO register, the main activity is repair and maintenance of machinery (NACE 33120).
What is the legal form of REFRECO?
Private limited company (BV).
When was REFRECO founded?
On 24-06-2010.
Is REFRECO still active?
Yes, REFRECO is an active enterprise in the KBO register.
How many employees does REFRECO have?
On average 29.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of REFRECO?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is REFRECO profitable?
In financial year 2025, REFRECO made a loss of €17,602.
Where can I find the annual accounts of REFRECO?
REFRECO filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of REFRECO due?
By 31-07-2027, for financial year 2026.Timeline

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