Turnover
≈ €170,000 estimated
The micro format states no turnover.
REFRITECH
Lifetime
3 annual accounts with figures on one time axispeak €37,265 (2025)
€37,265▲ 265%
peak €21,268 (2025)
€21,268▲ 644%
peak €39,046 (2025)
€39,046▲ 120%
€63,873▲ 62.5%
Board3 names since 2023
2 directorsMaxime Michaux and 1 other
Documentsfilings and deeds
14-10-202675 days late
2025micro format
Gross margin from €10,199 to €37,265Result from €2,857 to €21,268Equity from €17,778 to €39,046Debts from €39,305 to €63,873Investments €27,307Cash from €28,275 to €15,885
Key points
from the 2025 annual accountsInvestments
€27,307 2.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 10.5% higher than in 2024.
Filings
3 annual accounts 75 days
Latest accounts filed late: after the legal deadline.
Checked score
55
Fair
Financially stronger than 66% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 0.9%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 1.0%▲ +0.1 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 1.5%▲ +0.5 percentage points vs 07-2025
09-2025: 1.8%▲ +0.3 percentage points vs 08-2025
10-2025: 2.7%▲ +0.9 percentage points vs 09-2025
11-2025: 2.8%▲ +0.1 percentage points vs 10-2025
12-2025: 3.6%▲ +0.8 percentage points vs 11-2025highest value
01-2026: 2.0%▼ -1.6 percentage points vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.0%● unchanged vs 02-2026
04-2026: 2.1%▲ +0.1 percentage points vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.0%▼ -0.1 percentage points vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 2.8%▲ +0.8 percentage points vs 07-2026
09-2026: 3.1%▲ +0.3 percentage points vs 08-2026
10-2026: 2.0%▼ -1.1 percentage points vs 09-2026
11-2026: 2.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 75 days late; 3 of the last 3 accounts late
Size: total assets €102,919
Founded in 2023
lowers risk
Liquidity: current ratio 1.94, cash €15,885
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 43, micro). It does better than 40% of them on solvency, 50% on liquidity, 81% on profitability and 93% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 39,278 companies had the same profile as REFRITECH has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of REFRITECH itself: 2.0% 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.
| 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 39,278 companies, not a prediction for REFRITECH. 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 €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.94 (1.47 in 2024), above the usual 1.5. Short-term debt is 34.3% and cash 15.4% of total assets. However, 62.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 75 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-10-2026, 75 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
75 days late
2024
127 days late
2023
53 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 85 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 14 October (3 of the last 3 accounts filed within 52 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798287729
Resignation: DominiqueModave (director)
General meeting of 28-02-2023 · Gazette deed
Appointment: Michel Michaux (director)
General meeting of 14-03-2023 · Gazette deed
Appointment: Maxime Michaux (director)
General meeting of 13-02-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REFRITECH Jemeppe-sur-Sambre | €102,919 | €37,265 | 37.9% | - |
| JSH Concept Braives | €104,377 | €36,358 | 71.3% | - |
| TASCON Sint-Gillis-Waas | €110,495 | €36,780 | 8.9% | - |
| ALL PROWORKS Zaventem | €96,396 | €41,484 | 33.1% | - |
| Grosjelec Wemmel | €108,597 | €35,226 | 72.0% | - |
| JEY & CO Rixensart | €94,054 | €35,369 | -22.3% | - |
| TRIKTRACKS Kortenberg | €94,178 | €36,036 | 30.6% | - |
These companies have the same main activity as REFRITECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €94,100 and €110,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 09-02-2023Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.342.515.6535190 Jemeppe-sur-Sambre, since 09-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on REFRITECH
REFRITECH files the micro format. That format states no turnover. The gross margin rose from €24,711 in 2023 to €37,265 in 2025.
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 REFRITECH
- What is the company number of REFRITECH?
- The company number of REFRITECH is 0798.287.729. The VAT number is the same number with BE in front: BE 0798.287.729.
- Where is REFRITECH based?
- The registered office is at Rue de la Station,Moustier 49, 5190 Jemeppe-sur-Sambre.Company details
- What does REFRITECH do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of REFRITECH?
- REFRITECH is a private limited company (BV).
- When was REFRITECH founded?
- REFRITECH was founded on 09-02-2023.
- Is REFRITECH still active?
- Yes, REFRITECH is an active enterprise in the KBO register.
- What is the turnover of REFRITECH?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €37,265 and 45 comparable companies (NACE 43211). It probably lies between €120,000 and €270,000.Financials
- Is REFRITECH profitable?
- In financial year 2025, REFRITECH made a profit of €21,268.
- Where can I find the annual accounts of REFRITECH?
- REFRITECH filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of REFRITECH due?
- REFRITECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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