Equity
€39.6m ▲ 3.6%
REFRESCO has made a profit without a break since 2007.
REFRESCO
Lifetime
19 annual accounts with figures on one time axis, 45 filings since 1981peak €91.9m (2007)
€25.5m▼ 5.1%
lowest -€417,983 (2006)
€1.4m▼ 38.9%
peak €39.6m (2025)
€39.6m▲ 3.6%
€6.8m▼ 1.2%
peak 210.5 FTE (2007)
181.9 FTE▲ 2.3%
Board9 names since 2014
3 directors and 2 others
Owners6 names in the annual accounts
listed and 2 others
Documentsfilings and deeds
13-07-202618 days before the deadline
2025financial year
Result from €2.2m to €1.4mReappointment: (director) 23-07Cash from €9.1m to €14.6m
Key points
from the 2025 annual accountsResult
€1.4m ▼ 38.9%
The result fell in 2025 from €2.2m to €1.4m.
Investments
€1.0m 0.3 × depreciation
Green is investment, beige is depreciation.
Payment terms
102 days to suppliers
REFRESCO pays its suppliers 3 days earlier than in 2024. Customers pay 23 days earlier.
Filings
45 annual accounts since 1981
Four of the last ten came late. The 2019 accounts came latest: 186 days after the end of the period.
Position in the sector
85.4%
Higher solvency than 95% of companies in beverages. Sector median 40.2% · 66 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,884 companies had the same profile as REFRESCO has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,884 companies, not a prediction for REFRESCO. 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
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Signals
Board and ownership
Managing director
Director, since 23-06-2023
Director
- consolidatesannual accounts 2025
- annual accounts 2025
- annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0421059776
Reappointment: (director)
General meeting of 17-06-2025 · Gazette deed
1 statutory auditor reappointed
Permanent representatives: and · (statutory auditor) · General meeting of 23-06-2023 · Gazette deed
New managing director
appointed, resigned · Permanent representatives: , , and · General meeting of 17-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REFRESCO Ninove | €25.5m | 8.9% | 85.4% | 181.9 |
| Culligan Belgium Londerzeel | €45.1m | 13.5% | 8.8% | 186 |
| Minute Maid Juices Anderlecht | €16.6m | 18.4% | 94.2% | - |
| Top Bronnen Brakel | €17.5m | 0.1% | 53.0% | 42.5 |
| Ordal Ranst | €20.9m | 13.0% | 45.3% | 40.5 |
| NESTLE WATERS BENELUX Etalle | €13.5m | 4.8% | 81.0% | 45.8 |
| SCHWEPPES SUNTORY BENELUX Hoeilaart | €141.6m | 2.2% | 43.9% | 109 |
Grey: the largest companies of the sector (beverages (NACE 11)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as REFRESCO: manufacture of beverages (NACE 11070). They are comparable in size and age: total assets between €11m and €88m, founded between 1970 and 1996.
Official details
Source: KBO- Status
- Active since 17-12-1980Normal situation
- Activity
- Manufacture of beveragesNACE 11070
- Joint committees
- 118Food industry
- 220White-collar workers in the food industry · annual accounts 2025
- Establishment units
- 2.019.577.2169400 Ninove, since 17-12-1980
- 2.227.530.7649400 Ninove, since 11-03-2014and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Annual accounts 2025
- €46.4m▲ 2.9%
- Employeeson 31-12-2025
- 186=
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on REFRESCO
REFRESCO has existed since 1980. Turnover fell from €82.6m in 2009 to €21.3m in 2010.
In June 2023, the Official Gazette published the appointment of as managing director.
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 REFRESCO
- What is the company number of REFRESCO?
- The company number of REFRESCO is 0421.059.776. The VAT number is the same number with BE in front: BE 0421.059.776.
- Where is REFRESCO based?
- The registered office is at Nederwijk-Oost 262, 9400 Ninove.Company details
- What does REFRESCO do?
- According to the KBO register, the main activity is manufacture of beverages (NACE 11070).
- What is the legal form of REFRESCO?
- REFRESCO is a public limited company (NV).
- When was REFRESCO founded?
- REFRESCO was founded on 17-12-1980.
- Is REFRESCO still active?
- Yes, REFRESCO is an active enterprise in the KBO register.
- How many employees does REFRESCO have?
- REFRESCO had an average of 181.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does REFRESCO fall under?
- In its 2025 annual accounts, REFRESCO states joint committees 118 (Food industry) and 220 (White-collar workers in the food industry).
- What is the turnover of REFRESCO?
- The turnover of REFRESCO was €25.5m in financial year 2025, according to the filed annual accounts.
- Is REFRESCO profitable?
- In financial year 2025, REFRESCO made a profit of €1.4m.
- Where can I find the annual accounts of REFRESCO?
- REFRESCO filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of REFRESCO due?
- REFRESCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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