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REFRINAM EXPORT

Active Public limited companyfounded 1994active for 32 yearsRue Isidore-Derèse,Mornimont 124, 5190 Jemeppe-sur-SambreKBO/BCE: BE 0453.521.718 #6 company by equity in Jemeppe-sur-Sambre, Real estate sector
REFRINAM EXPORT
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Overview

Lifetime

20 annual accounts with figures on one time axis, 31 filings since 1995
peak €536,131 (2023)
€408,759▼ 17.2%
lowest -€94,527 (2007)
-€27,643▼ €94,575
peak €706,953 (2024)
€679,310▼ 3.9%
€802,588▼ 10.3%
peak 7 FTE (2010)
4.5 FTE▼ 21.1%
Board6 names since 2020
2 directorsLECERTUA Christelle and 1 other
Documentsfilings and deeds
06-08-20266 days late
2025financial year
Gross margin from €493,917 to €408,759Loss of €27,643Staff from 5.7 FTE to 4.5 FTE1 director appointed, 3 reappointments 27-02

Key points

from the 2025 annual accounts

Result

-€27,643 -€27,643
€66,9002024-€27,6002025

From profit to loss in 2025, after a profit of €66,933 in 2024.

Staff

5 employees on 31-12-2025
7920218820228820239720248102025

In 2025, 8 people joined and 10 left.

Filings

31 annual accounts since 1995
AprilJune31 JulyOctober200020102020

Two of the last ten came late. The 2017 accounts came latest: 29 days after the end of the period.

Checked score

87
Excellent
Financially stronger than 45% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.2%▼ -0.4 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Average

71+2equity 45.8% of total assets
38-1short-term debt 34.7% · cash 2.7%
66-8return on assets -1.9%

Score breakdown

raises risk
Liquidity: current ratio 0.76, cash €40,745
Loss of €27,643 (financial year 2025)
lowers risk
Founded in 1994
Equity €679,310 (45.8% of total assets)
Calculation

The band follows from the bankruptcy probability. 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 68, micro). It does better than 61% of them on solvency, 31% on liquidity, 53% on profitability and 36% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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

Comparable companies, two years later

In July 2024, 12,322 companies had the same profile as REFRINAM EXPORT has now. Each dot stands for 31 companies, two years later.

90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.5% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of REFRINAM EXPORT itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 12,322 companies, not a prediction for REFRINAM EXPORT. 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

Credit of up to €55,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.76 (0.9 in 2024), below 1. Short-term debt is 34.7% and cash 2.7% of total assets. 54.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.76, cash €40,745
NBB · annual accounts
raises risk · Loss of €27,643 (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 1994
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €679,310 (45.8% of total assets)
NBB · annual accounts
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
6 days late
2024
2 days early
2023
49 days early
2022
45 days early
2021
62 days early
2020
43 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 16 June (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LL
LECERTUA Luis
Managing director
LS
LECERTUA Séverine
Director, since 01-01-2021
LC
LECERTUA Christelle
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0453521718
1 director appointed, 3 reappointments Appointment: Lorens LECERTUA · Reappointments: LECERTUA Luis (managing director), LECERTUA Christelle and LECERTUA Séverine · General meeting of 01-01-2025 · Gazette deed
Amendment of the articles Gazette deed
Appointment: Séverine LECERTUA (director) General meeting of 28-12-2020 · Gazette deed
All 46 events

Comparable companies

same main activity, similar in size and age
Company
REFRINAM EXPORT Jemeppe-sur-Sambre €1.5m €408,759 45.8% 4.5
DEMCA Middelkerke €1.7m €343,338 40.8% 3.8
VANDAELE GUIDO Tielt €1.8m €457,713 51.6% 3.4
Katoen Natie Koersel Beveren-Kruibeke-Zwijndrecht €1.2m €395,103 71.6% 4
A.G.M.D. Anderlues €1.5m €378,912 58.2% 3
ENERGY DRIVE Couvin €1.2m €538,895 71.1% 2.2
AALST BALLOONING COMPANY Aalst €1.6m €402,490 -99.2% 7.5

These companies have the same main activity as REFRINAM EXPORT: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.2m and €1.8m, founded between 1983 and 1999.

Official details

Source: KBO
Status
Active since 03-10-1994Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
Establishment units
2.068.648.9225190 Jemeppe-sur-Sambre, since 18-10-1994
2.167.318.7084590 Ouffet, since 16-10-2007
Financial year end
31 December
Peppol
Reachable since 22-09-2025
Company details

Annual accounts 2025

€408,759▼ 17.2%
≈ €450,000estimated
€27,643
€679,310▼ 3.9%
€1.5m▼ 7.5%
Employeeson 31-12-2025
5▼ 28.6%
Filing
Filed on 06-08-2026
Financials

Insights on REFRINAM EXPORT

REFRINAM EXPORT has existed since 1994. The gross margin grew from €209,287 in 2006 to €408,759 in 2025 and staff from 1 to 4.5 full-time equivalents.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 06-08-2026, 6 days late
€408,759
▼ 17.2%
-€10,428
▼ €123,895
€126,028
▼ 43.6%
€108,813
▼ 38.5%
45.8%
▲ 1.7 percentage points
0.76
▼ 0.14
In the rankings #6 company by equity in Jemeppe-sur-Sambre, Real estate sector#6 oldest company in Jemeppe-sur-Sambre, Real estate sector#7 company by total assets in Jemeppe-sur-Sambre, Real estate sector

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.5m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

45.8%

Higher than 56% of 5,810 companies in 2025.

0.76

Higher than 34% of 5,561 companies in 2025.

-1.9%

Higher than 23% of 5,784 companies in 2025.

REFRINAM EXPORT Middle half of the sector 80% of the sector Full accounts in real estate (NACE 68)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter

Staff

€49,054

Staff costs divided by the average number of full-time equivalents.

-2 people

people who joined people who left

In 2025, 8 people joined and 10 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.5m1.6m1.6m1.6m1.3m1.3m1.3m1.5m1.5m1.5m1.5m1.6m1.6m1.7m1.7m1.8m1.9m1.9m2.1m780,198
20 -----0---------16,56133,122---
21/28 1.1m1.1m1.1m1.3m998,5801.0m1.1m1.1m1.2m1.2m1.2m1.3m1.3m1.4m1.4m1.5m1.6m1.6m1.8m570,258
21 -----0--------2,76315,02225,16828,00057,25379,323
22/27 1.1m1.1m1.1m1.3m998,5051.0m1.1m1.1m1.2m1.2m1.2m1.3m1.3m1.4m1.4m1.5m1.6m1.6m1.7m490,861
22 887,874980,6571.1m1.2m897,966963,882976,5251.0m1.0m1.1m1.1m1.2m1.2m1.2m1.2m1.3m1.3m1.4m1.4m403,909
23 -----1,0102,1115,6934,9627,4429,92312,40414,88517,36619,84622,539424636917139
24 14,97423,8304,2362851,1043,70523,4127,1188,9766,24722,65844,98374,60687,902110,614133,729163,265187,135211,2571,388
25 190,639114,73523,99896,15999,435---------------
28 --74747474747474747474747474741,1611,1611,16174
29/58 388,411482,707531,172371,611302,682299,176254,747310,534287,893302,227294,847301,991322,756313,159263,435301,706295,529320,578349,394209,940
3 169,670177,396169,579156,382143,402148,569158,041152,667139,608147,430154,124152,457151,218166,012166,001156,003140,500129,237167,9681,956
30/36 169,670177,396169,579156,382143,402148,569158,041152,667139,608147,430154,124152,457151,218166,012166,001156,003140,500129,237167,9681,956
40/41 177,995255,977232,720145,50897,486107,25966,259112,15483,07195,56192,71898,825112,64262,48745,38056,617101,743132,816118,092193,014
40 121,680236,945200,865101,13363,31573,87230,25379,51051,74068,48669,15667,68796,41850,45931,70346,98488,034120,812104,221173,014
41 56,31519,03231,85544,37534,17133,38736,00632,64431,33127,07423,56231,13816,22412,02813,6779,63213,70912,00513,87120,000
50/53 -----11,1401403,1402,1401386,1333,5989,47344527--612612600
54/58 40,74544,021122,86462,16755,24826,31725,27139,18759,26055,46838,40143,61537,26078,48548,76887,56446,17856,71762,12914,370
490/1 -5,3146,0107,5556,5455,8905,0363,3863,8143,6303,4713,49712,1635,7313,2601,5227,1071,196593-
Balance sheet: equity and liabilities
10/49 1.5m1.6m1.6m1.6m1.3m1.3m1.3m1.5m1.5m1.5m1.5m1.6m1.6m1.7m1.7m1.8m1.9m1.9m2.1m780,198
10/15 679,310706,953640,020519,531532,950478,482370,633368,195359,296394,212362,686357,818352,774346,280295,790273,027253,393243,836235,021329,548
10/11 200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000
10 200,000200,000200,000200,000200,000---------------
100 200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000
13 280,000280,000220,000120,000170,000120,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
130/1 20,00020,00020,00020,00020,00020,000--------------
130 20,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
133 260,000260,000200,000100,000150,000100,000--------------
14 199,310226,953220,020199,531162,950158,482150,633148,195139,296174,212142,686137,818132,774126,28075,79053,02733,39323,83615,021109,548
17/49 802,588894,976991,1431.1m768,311832,881952,4571.1m1.1m1.1m1.2m1.3m1.3m1.3m1.4m1.5m1.7m1.7m1.9m450,650
17 281,576342,091466,407579,050411,534408,133430,945552,412616,973673,783707,650824,709786,004887,718977,7821.0m1.2m1.2m1.4m287,775
170/4 281,576342,091466,407579,050411,534408,133430,945552,412616,973673,783707,650822,209783,504885,218975,2821.0m1.2m1.2m1.4m287,775
178/9 -----0-----2,5002,5002,5002,5002,5002,5002,500--
42/48 513,542537,946524,736548,608356,777424,748521,512528,397478,155444,470463,602457,997491,078459,194429,203467,102505,242460,379520,191162,876
42 196,859181,194169,372176,393112,58797,496124,819141,968145,87199,897114,559113,985136,862127,630108,806114,261115,583134,564148,89895,177
43 -----19,89322,08617,05520,15815,079-4,368--14,58318,066---14,756
430/8 -----19,89322,08617,05520,15815,079-4,368--14,58318,066---14,756
44 279,788303,810243,368244,553192,015250,769332,041341,662276,723266,335302,121308,238317,498278,794272,336298,609363,898302,551355,40341,804
440/4 279,788303,810243,368244,553192,015250,769332,041341,662276,723266,335302,121308,238317,498278,794272,336298,609363,898302,551355,40341,804
45 36,73552,78261,83738,36632,87937,29418,28921,61124,40340,88424,09929,17834,08952,77033,07936,16625,76123,26415,89011,139
450/3 3,50710,83632,91213,00113,73919,700-3,46311,32525,2848,56611,1737,55029,65711,79915,1274,7225,6914,20011,139
454/9 33,22841,94628,92525,36419,14117,59418,28918,14813,07815,60115,53318,00526,53923,11321,28021,03921,04017,57311,690-
47/48 16016050,16089,29619,29619,29624,2766,10111,00022,27622,8222,2282,629-400-----
492/3 7,46914,939---0-1,0081,2811,5961,8001,8001,8001,995------
Income statement
70 -----3.3m--------------
76A ---3,2347,3440--4,0003,230----2,057--5,62224,793-
9900 408,759493,917536,131348,857394,725457,918320,635335,521308,560382,018317,343323,530345,208467,680436,407398,737371,844391,368290,011209,287
60/61 -----2.8m--------------
62 220,742237,868189,674148,531165,855144,791165,256147,198124,884113,810117,106122,969150,950192,799179,735145,352121,368107,293102,2673,833
630 136,456109,897116,646115,32898,31898,89096,21689,94266,269105,426104,498100,26393,32398,836122,385114,687143,133126,100161,615132,755
631/4 -------5,56916,70616,70616,706---------
640/8 21,14032,68522,78231,22927,49818,58818,23923,61026,87630,06216,68726,10316,81827,22332,79840,06523,83735,06718,73514,321
66A 40,849-21,027--12,575--34,33015,205-9,391-6,435---40,00047,0347,241
9901 -10,428113,467186,00153,769103,055183,07540,92469,20239,496100,80862,34674,19584,117148,822101,48998,63383,505122,9087,39458,379
75/76B 2702571351,73314702347874-14979211161,2873631,827210354189
75 2702571351,73314702347874-14979211161,2873631,827210354189
76B -----0--------------
65/66B 16,94413,39513,61948,38527,21334,76236,95239,33142,68047,17853,24154,62759,25564,25672,50079,36175,80479,92578,91928,967
65 16,94413,39513,61948,38527,21334,76236,95239,33142,68047,17853,24154,62759,25564,25672,50079,36175,80479,92578,91928,967
66B -----0--------------
9903 -27,102100,329172,5177,11875,990148,3134,20629,949-3,11053,6309,11911,15624,88378,24732,33219,6349,5288,815-93,41122,360
67/77 54133,39652,02818,73021,52240,4641,76821,04931,80622,1044,2516,11318,39027,7569,569--28-1,11619,805
9904 -27,64366,933120,489-11,61254,468107,8492,4388,900-34,91631,5264,8685,0436,49450,49122,76319,6349,5568,815-94,5272,554
9905 -27,64366,933120,489-11,61254,468107,8492,4388,900-34,91631,5264,8685,0436,49450,49122,76319,6349,5568,815-94,5272,554
Appropriation of the result
9906 199,310286,953320,020199,531212,950258,482150,633148,195139,296174,212142,686137,818132,774126,28075,79053,02733,39323,83615,021109,548
14P 226,953220,020199,531211,144158,482---------------
691/2 -60,000100,000-50,000100,000--------------
6921 -60,000100,000-50,000100,000--------------
Social balance sheet
9087 4.55.74.34.354.75.34.93.9444.85.36.16.476.73.83.81
Hours worked1013 8,5159,3737,1027,1027,5266,3127,6066,8805,0885,0795,3186,4107,6058,4979,10310,3068,8585,5115,26196
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The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 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 06-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 6 days after the deadline. Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00385561.

Financial year Type Filed Reference Document
31-12-2025 full format 06-08-2026 2026-00385561 PDF
31-12-2024 full format 29-07-2025 2025-00332293 PDF
31-12-2023 full format 12-06-2024 2024-00128154 PDF
31-12-2022 full format 16-06-2023 2023-00135852 PDF
31-12-2021 full format 30-05-2022 2022-20040066 PDF
31-12-2020 full format 18-06-2021 2021-21700547 PDF
31-12-2019 full format 16-06-2020 2020-17500104 PDF
31-12-2018 full format 31-07-2019 2019-41500109 PDF
31-12-2017 full format 29-08-2018 2018-52900309 PDF
31-12-2016 full format 03-07-2017 2017-26400376 PDF
31-12-2015 full format 11-08-2016 2016-42100349 PDF
31-12-2014 full format 26-08-2015 2015-48300542 PDF
31-12-2013 full format 25-06-2014 2014-21800443 PDF
31-12-2012 full format 10-07-2013 2013-29100387 PDF
31-12-2011 full format 27-08-2012 2012-45300445 PDF
31-12-2010 full format 15-06-2011 2011-16800144 PDF
31-12-2009 full format 27-08-2010 2010-47000521 PDF
31-12-2008 full format 03-07-2009 2009-35900158 PDF
31-12-2007 full format 04-06-2008 2008-19200164 PDF
31-12-2006 full format 04-06-2007 2007-18300196 PDF
31-12-2005 full format 19-06-2006 2006-27204952 PDF
31-12-2004 full format 01-06-2005 2005-19500690 PDF
31-12-2003 full format 08-06-2004 2004-21702407 PDF
31-12-2002 full format 23-06-2003 2003-28502692 PDF
31-12-2001 full format 24-06-2002 2002-26203726 PDF
31-12-2000 full format 29-06-2001 2001-31002156 PDF
31-12-1999 full format 30-06-2000 2000-35001981 PDF
31-12-1998 full format 30-06-1999 1999-28803725 PDF
31-12-1997 full format 17-07-1998 1998-34201659 PDF
31-12-1996 full format 27-06-1997 1997-24701750 PDF
31-12-1995 full format 13-06-1996 1996-16201205 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
126,028223,364302,647169,097201,373281,965137,140159,144105,765206,234166,844174,458177,440247,658223,873213,320226,638249,007169,008191,134
108,813176,830237,134103,715152,786206,73998,65498,84231,353136,952109,366105,30799,817149,327145,147134,322152,689134,91567,088135,309
207,006129,20237,218463,021129,51672,70825,08261,609123,453139,2875,056185,13220,194101,98376,86540,804111,78523,0321.4m227,433
-3,276-78,84360,6976,91928,9311,047-13,917-20,0733,79217,067-5,2146,355-41,22529,717-38,79641,386-10,538-5,41347,759-
-125,132-55,2386,436-176,997-54,095-125,572-266,765-217,862-190,262-142,243-168,755-156,006-168,321-146,035-165,768-165,396-209,714-139,801-170,79747,065
-----5.6%--------------
45.8%44.1%39.2%31.5%41.0%36.5%28.0%25.4%24.7%26.0%23.6%21.8%21.6%20.4%17.4%15.3%13.2%12.6%11.1%42.2%
0.760.901.010.680.850.700.490.590.600.680.640.660.660.680.610.650.580.700.671.29
0.430.570.690.390.450.350.190.300.310.350.300.330.350.320.230.310.310.420.351.28
1.181.271.552.171.441.742.572.943.052.843.233.593.633.904.765.556.606.928.001.37
-4.1%9.5%18.8%-2.2%10.2%22.5%0.7%2.4%-9.7%8.0%1.3%1.4%1.8%14.6%7.7%7.2%3.8%3.6%-40.2%0.8%
-1.9%4.2%7.4%-0.7%4.2%8.2%0.2%0.6%-2.4%2.1%0.3%0.3%0.4%3.0%1.3%1.1%0.5%0.5%-4.5%0.3%
7.4416.6722.223.497.40---------------
-----8 days--------------
-----32 days--------------

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date57554
full-time21223
part-time36331
in full-time equivalents4.15.34.14.13.5
4.55.74.34.35
On a permanent contract54444
Joined89887
Left107889
Training hours--1,146--

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€207,006€129,202€37,218€463,021€129,516
€136,456€109,897€116,646€115,328€98,318

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on REFRINAM EXPORT

The operating result for 2025 is a loss of €10,428, after a profit of €113,467 in 2024. It is the lowest result since 2006.

Debt's share of the balance-sheet total falls from 55.9% to 54.2%. Equity and debt are lower.

Board & ownership

Board

2 directors, 1 in day-to-day management, last change in 2025
LECERTUA Séverine
Director
since 01-01-2021 6-year term from 2025
listed in the 2025 annual accounts, filed on 06-08-2026
LECERTUA Christelle
Director
in office according to the deed of 27-02-2025 6-year term from 2025
LECERTUA Luis
Managing director
in office according to the deed of 27-02-2025 6-year term from 2025
LECERTUA Luis

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
LECERTUA Christelle
Director
LECERTUA Séverine
Director
LECERTUA Luis
Managing director
Lorens LECERTUA
Director
LECERTUA Christeile
Director
LECERTUA Y GARCIA Luis
Managing director
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
  • LECERTUA Christelle
    • Director, from 30-05-2020 to date
  • LECERTUA Séverine
    • Director, from 01-01-2021 to date
  • LECERTUA Luis
    • Managing director, from 30-05-2020 to date
  • Lorens LECERTUA
    • Director, appointed by deed of 27-02-2025, no longer listed in the 2025 annual accounts
  • LECERTUA Christeile
    • Director, from before 21-08-2020, no longer listed in the 2025 annual accounts
  • LECERTUA Y GARCIA Luis
    • Managing director, from 30-05-2020, last mentioned in 2020

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€200,000
Shares
750
Contribution per share
€267
Equity per share
€906 in 2025
Source
deed of 13-12-2021

Articles of association

deed of 13-12-2021 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
Term of at most 6 years
“Seule assemblée générale nomme nouvel administrateur”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant,moitié acquéreurs au prorata si plusieurs, mêmes formalités si non actionnaires de plein droit”

Network & group

No group

REFRINAM EXPORT has no parent and no holdings in its annual accounts.

Earlier ties

REMACA
via Luis LECERTUA Y GARCIA, no longer at REMACA · Managing director · deed of 11-12-2025
founded in 1986
 2.1 FTE (2025)

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

46 events since 1994

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 6 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0453521718
Annual accounts 2024 filed PDFfull format · 2 days before the deadline
1 director appointed, 3 reappointmentsAppointment: Lorens LECERTUA · Reappointments: LECERTUA Luis (managing director), LECERTUA Christelle and LECERTUA Séverine · General meeting of 01-01-20255 points ▸

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFfull format · 49 days before the deadline
2023
Back to profit net €120,489 The net result is €120,489, after one loss-making year.
Annual accounts 2022 filed PDFfull format · 45 days before the deadline
2022
Annual accounts 2021 filed PDFfull format · 62 days before the deadline
2021
Equity above €500,000 equity €532,950 ▲11.4% After 4 profitable years in a row, equity reaches €532,950.
Amendment of the articles3 points ▸
  • Power of attorney, Frédéric MAGNUS
  • Registered office clause, rue Isidore Derèse 124, 5190 Mornimont
  • Capital, €200,000, 750 shares
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFfull format · 43 days before the deadline
Appointment: Séverine LECERTUA (director)General meeting of 28-12-20202 points ▸

Open the deed in the Belgian Official Gazette

2020
Registered-office move1 point ▸
  • Registered-office move, 1-124

Open the deed in the Belgian Official Gazette

Reappointments: LECERTUA Y GARCIA Luis (managing director) and LECERTUA Christeile (director)General meeting of 29-05-20203 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFfull format · 45 days before the deadline
Registered office clause: RUE ISIDORE DERESE 5 B, 5190 MORNIMONT1 point ▸
  • Registered office clause, RUE ISIDORE DERESE 5 B, 5190 MORNIMONT
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFfull format · on the deadline day
2018
Back to profit net €8,900 The net result is €8,900, after one loss-making year.
Annual accounts 2017 filed PDFfull format · 29 days late
2017
Annual accounts 2016 filed PDFfull format · 28 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 11 days late
2015
Annual accounts 2014 filed PDFfull format · 26 days late
2014
Annual accounts 2013 filed PDFfull format · 36 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 21 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 27 days late
2011
Annual accounts 2010 filed PDFfull format · 46 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 27 days late
2009
Annual accounts 2008 filed PDFfull format · 28 days before the deadline
2008
Back to profit net €8,815 The net result is €8,815, after one loss-making year.
Annual accounts 2007 filed PDFfull format · 57 days before the deadline
2007
Weakest financial year net -€94,527 The net result drops to -€94,527, the lowest from 2006 to 2025. It recovers the following year.
New establishment in Ouffet PROXY DELHAIZE, Tige de Fairon 8
Annual accounts 2006 filed PDFfull format · 57 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1994
First establishment Rue Isidore-Derèse,Mornimont 5 B, Jemeppe-sur-Sambre
Incorporation published on 25-10-1994

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 3 October 1994, REFRINAM EXPORT was incorporated.1 Total assets went from €1.5m in 2018 to €1.5m in 2025 and headcount from 4.9 to 4.5 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0453.521.718
VAT number
BE 0453.521.718
Peppol ID
0208:0453521718
Other Peppol ID
9925:BE0453521718
Legal form
Public limited company
Status
Active, normal situation
Founded
03-10-1994
Financial year
ends on 31 December
Peppol
Reachable since 22-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
REFRINAM EXPORT in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-12-2021 (in French)

Activities

NACEBEL 2025
VAT activities
68203 Renting and operating of own or leased non-residential real estate, excluding land main activity
47110 Non-specialised retail sale with food, beverages or tobacco predominating
Social security (RSZ) activities
46649 Wholesale of other machinery and equipment main activity
Codes under NACEBEL 2008
VAT activities
68203 Real estate rental main activity
47113 Retail trade
Social security (RSZ) activities
46699 Wholesale trade main activity
Codes under NACEBEL 2003
51873 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'achat, la vente, l'importation, l'exportation et l’installation de tout matériel frigorifique et de réfrigération, et de l'aménagement de…”
11 activities
  1. L'achat, la vente, l'importation, l'exportation et l’installation de tout matériel frigorifique et de réfrigération, et de l'aménagement de magasins et matériaux annexes, tant en Belgique qu'à l’étranger.
  2. Le commerce de détail d'alimentation générale, l'exploitation de surface commerciale de tout type (superette, supermarché, …) et notamment l'exploitation de magasins de type Proxi-Delhaize.
  3. Toutes opérations en matière de conseil et de management concernant notamment l'administration, la direction, la gestion, le développement, l'informatique, le marketing et les matières financières, commerciales, sociales et juridiques à destination des entreprises, administrations, organismes tant publics que privés.
  4. Toutes les opérations ayant directement ou indirectement rapport à ces activités, ainsi qu'aux industries ou commerces connexes de quelque genre que ce soit, pourront également être réalisées par la société, soit pour compte propre, soit pour compte de tiers ou en participation, en Belgique et a l'étranger.
  5. S'intéresser directement ou indirectement a toute activité susceptible de favoriser son objet.
  6. La réalisation, pour son compte propre, de toutes opérations foncières et immobilières et notamment :
  7. L'achat, la vente, l'échange, la construction, la reconstruction, la démolition, la transformation, la rénovation, l'aménagement, l'entretien, l'exploitation, la location et la gérance de tous immeubles bâtis, meubles ou non ;
  8. L'achat, la vente, l'échange, la mise en valeur, le lotissement, l'exploitation, la location et l'affermage de tous immeubles non bâtis.
  9. Donner à bail ses installations et exploitations ou les donner à gérer a des tiers, en tout ou en partie.
  10. Faire toutes opérations industrielles ou commerciales, financières ou civiles, mobilières ou immobilières, ayant un rapport direct ou indirect avec son objet ou pouvant en faciliter la réalisation ou le développement et s’intéresser par voie d'association, d'apport ou de fusion, de souscription, de participation, d'intervention financière ou autrement, dans toutes sociales ou entreprises existantes ou à créer, dont l'objet serait analogue ou connexe au sien, ou qui serait susceptible de constituer pour elle une source ou un débouché ou qui serait simplement utile à la réalisation de tout ou partie de son objet.
  11. Accepter des mandats d'administrateur dans d'autres sociétés et se porter caution des engagements d'autres sociétés.
deed of 13-12-2021 (in French)

Registered office and establishments

2 establishments

1 of 2 establishments on the map

Establishment Since Unit numberFASFC approval
Rue Isidore-Derèse,Mornimont 124 registered office 5190 Jemeppe-sur-Sambre
Rue Isidore-Derèse,Mornimont 5 B 5190 Jemeppe-sur-Sambre 4342904 Specialised construction activities 18-10-1994 2.068.648.922
PROXY DELHAIZE Tige de Fairon 8, 4590 Ouffet 46649 Wholesale of other machinery and equipment 16-10-2007 2.167.318.708 Retail trade
1 former office
  • Rue Isidore Derèse 5B, 5190 Mornimont until the deed of 23-10-2020

Buildings and parcels at the addresses

Ground area
3.5 ha
Buildings
702 m²
Volume, LiDAR
4,517 m³
Tallest building
11.1 m
Buildings to scale, each on its own parcel
702 m², 11.1 m 702 m², 11.1 m

Location

establishment 1 of 2 establishment units on the map

Parcels

Cadastral parcelArea Buildings Height / floors
61048I0050/00H0003.5 ha 1 · 702 m² 11.1 m · 2

Recognitions

Food safety, FASFC

1 site
Ouffetunit number 2.167.318.708
1 permission
Authorisation · Retail trade · since 17-01-2011

Source: FAVV-AFSCA, open data, updated on 02-11-2026

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