REFRITECH
ActiveSummary
The computed 12-month bankruptcy probability of REFRITECH is 3.4% (moderate). The 2024 annual accounts show equity of €18k and a net result of €3k. Its solvency ranks better than 33% of 36375 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-25
Solvency56▼-5
Growth52
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.47 against 1.72 in 2023; short-term debt: 47.6% and cash: 49.5% of total assets), and 68.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.1%
Return on assets
5%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-12-2025, 127 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
127 d late
2023
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▲ 19.1%
2023 · €15k
2023: €15k
2024: €18k▲ +19.1% vs 2023
2023 → 2024
Total assets
€57k▲ 37.9%
2023 · €41k
2023: €41k
2024: €57k▲ +37.9% vs 2023
2023 → 2024
Net result
€3k▼ 84.1%
2023 · €18k
2023: €18k
2024: €3k▼ -84.1% vs 2023
2023 → 2024
Working capital
€13k▼ 25.1%
2023 · €17k
2023: €17k
2024: €13k▼ -25.1% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€15k-€18k▲ 19.1%
2023: €15k
2024: €18k▲ +19.1% vs 2023
Operating result€22k-€4k▼ 81.8%
2023: €22k
2024: €4k▼ -81.8% vs 2023
Net result€18k-€3k▼ 84.1%
2023: €18k
2024: €3k▼ -84.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 82% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57k
Fixed assets
€17k
Current assets
€40k
Equity and liabilities €57k
Equity
€18k ▲ 19.1%
Debt
€39k ▲ 48.4%
Debt's share of the balance-sheet total rises from 64.0% to 68.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2023 · €24k
Cash flow
€8k▼
2023 · €20k
Current ratio
1.47▼
2023 · 1.72
Debt to equity
2.21▲
2023 · 1.78
ROE
16.1%▼
2023 · 120.1%
ROA
5.0%▼
2023 · 43.3%
Interest coverage
12.74▼
2023 · 412.32
Debt ≤ 1 year
€27k▲
2023 · €24k
Debt > 1 year
€12k
Income taxes
€673▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€41k€57k▲
Formation expenses20€386-
Fixed assets21/28-€17k
Tangible fixed assets22/27-€17k
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€16k
Current assets29/58€41k€40k▼
Amounts receivable within one year40/41€6k€12k▲
Trade receivables40€6k€12k▲
Cash at bank and in hand54/58€35k€28k▼
Deferred charges and accrued income490/1-€37
Equity and liabilities
Total equity and liabilities10/49€41k€57k▲
Equity10/15€15k€18k▲
Contributions10/11€4k€4k=
Reserves13€10k€13k▲
Distributable reserves133€10k€13k▲
Profit (loss) carried forward14€921€778▼
Amounts payable17/49€26k€39k▲
Amounts payable after more than one year17-€12k
Financial debts170/4-€12k
Amounts payable within one year42/48€24k€27k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€13k€11k▼
Taxes450/3€12k€10k▼
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€8k€5k▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€384€1k▲
Gross operating margin9900€25k€10k▼
Operating profit (loss)9901€22k€4k▼
Financial income75/76B€3€186▲
Recurring financial income75€3€186▲
Financial charges65/66B€59€718▲
Recurring financial charges65€59€718▲
Profit (loss) for the period before taxes9903€22k€4k▼
Income taxes67/77€4k€673▼
Profit (loss) for the period9904€18k€3k▼
Profit (loss) for the period to be appropriated9905€18k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€4k▼
Profit (loss) brought forward from the previous period14P-€921
Transfer to equity691/2€10k€3k▼
To other reserves6921€10k€3k▼
Profit to be distributed694/7€7k-
Return on contributions (dividend)694€7k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | ▲ 161% |
| Other operating charges640/8 | €384 | €1k | ▲ 175% |
| Gross operating margin9900 | €25k | €10k | ▼ 58.7% |
| Operating profit (loss)9901 | €22k | €4k | ▼ 81.8% |
| Financial income75/76B | €3 | €186 | ▲ 6,100% |
| Recurring financial income75 | €3 | €186 | ▲ 6,100% |
| Financial charges65/66B | €59 | €718 | ▲ 1,117% |
| Recurring financial charges65 | €59 | €718 | ▲ 1,117% |
| Profit (loss) for the period before taxes9903 | €22k | €4k | ▼ 84.2% |
| Income taxes67/77 | €4k | €673 | ▼ 84.7% |
| Profit (loss) for the period9904 | €18k | €3k | ▼ 84.1% |
| Profit (loss) for the period to be appropriated9905 | €18k | €3k | ▼ 84.1% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €41k | €57k | ▲ 37.9% |
| Formation expenses20 | €386 | - | - |
| Fixed assets21/28 | - | €17k | - |
| Tangible fixed assets22/27 | - | €17k | - |
| Plant, machinery and equipment23 | - | €2k | - |
| Furniture and vehicles24 | - | €16k | - |
| Current assets29/58 | €41k | €40k | ▼ 2.6% |
| Amounts receivable within one year40/41 | €6k | €12k | ▲ 91.3% |
| Trade receivables40 | €6k | €12k | ▲ 91.3% |
| Cash at bank and in hand54/58 | €35k | €28k | ▼ 19.1% |
| Deferred charges and accrued income490/1 | - | €37 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €41k | €57k | ▲ 37.9% |
| Equity10/15 | €15k | €18k | ▲ 19.1% |
| Contributions10/11 | €4k | €4k | = |
| Reserves13 | €10k | €13k | ▲ 30.0% |
| Distributable reserves133 | €10k | €13k | ▲ 30.0% |
| Profit (loss) carried forward14 | €921 | €778 | ▼ 15.5% |
| Amounts payable17/49 | €26k | €39k | ▲ 48.4% |
| Amounts payable after more than one year17 | - | €12k | - |
| Financial debts170/4 | - | €12k | - |
| Amounts payable within one year42/48 | €24k | €27k | ▲ 13.5% |
| Current portion of amounts payable after more than one year42 | - | €3k | - |
| Trade debts44 | €2k | €8k | ▲ 257% |
| Suppliers440/4 | €2k | €8k | ▲ 257% |
| Taxes, remuneration and social security45 | €13k | €11k | ▼ 16.2% |
| Taxes450/3 | €12k | €10k | ▼ 17.9% |
| Remuneration and social security454/9 | €1k | €1k | = |
| Other amounts payable47/48 | €8k | €5k | ▼ 45.6% |
| Accrued charges and deferred income492/3 | €3k | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €3k | ▼ 84.1% |
| + Depreciation and write-downs630 | €2k | €5k | ▲ 161% |
| Operating cash flow (approximation) | €20k | €8k | ▼ 60.0% |
| Change in cash | - | €-7k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 127 days late
2024
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 53 days late
NBB filing
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Jemeppe-sur-Sambre · 1 establishment unit since 2023
Ground area
354 m²
Building footprint
162 m²
Parcel 92091B0014/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
REFRITECH
since 20232.342.515.653
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92091B0014/00K000 | Wallonia | 354 m² | 1 · 162 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 6,950 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
46431Wholesale of electrical household appliances and audio-video equipment
46494Wholesale of non-electrical household articles
47540Retail sale of electrical household appliances
Contact
E-mail
michaux.michel1@gmail.com
Phone
+32492483150
Phone
0492483150Jemeppe-sur-Sambre
Scores and ratios are computed by Checked and are not a credit decision.