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REFRIYAN

Active
Private limited companyfounded 20242 yrs activeWaterloose Steenweg 200, 1640 Sint-Genesius-Rode, BelgiumKBO/BCE: BE 1005.958.492
Summary

The computed 12-month bankruptcy probability of REFRIYAN is 3.0% (moderate). The 2024 annual accounts show equity of €1,156 and a net result of €1,156. Its solvency ranks better than 10% of 36380 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability70
Solvency26
Growth-
Track record67
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 1.0; short-term debt: 98.8% and cash: 11% of total assets), and 98.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
1.2%
Return on assets
1.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36380 sector peers (2024).
NBB · sector comparison
Position among 36380 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
20 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 20 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

REFRIYAN was incorporated on 13 February 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€1,156
Total assets
€99,368
Net result
€1,156
Working capital
-€481

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €99,368
Fixed assets €1,637
Current assets €97,731
Equity and liabilities €99,368
Equity €1,156
Debt €98,212
Debt finances 98.8% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€2,054
Cash flow
€1,229
Current ratio
1.00
Debt to equity
84.96
ROE
100.0%
ROA
1.2%
Interest coverage
43.24
Debt ≤ 1 year
€98,212
Income taxes
€777
Staff costs
€1,560

Peer companies

Historical observation

Of the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
4.9% went bankrupt
2.1% stopped otherwise
92% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,136 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€99,368
Fixed assets21/28€1,637
Tangible fixed assets22/27€1,637
Furniture and vehicles24€1,637
Current assets29/58€97,731
Amounts receivable within one year40/41€86,825
Trade receivables40€72,809
Other amounts receivable41€14,016
Cash at bank and in hand54/58€10,906
Equity and liabilities
Total equity and liabilities10/49€99,368
Equity10/15€1,156
Profit (loss) carried forward14€1,156
Amounts payable17/49€98,212
Amounts payable within one year42/48€98,212
Trade debts44€90,842
Suppliers440/4€90,842
Taxes, remuneration and social security45€777
Taxes450/3€777
Other amounts payable47/48€6,592
Income statement Code2024
Remuneration, social security and pensions62€1,560
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73
Other operating charges640/8€395
Gross operating margin9900€4,009
Operating profit (loss)9901€1,980
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€48
Recurring financial charges65€48
Profit (loss) for the period before taxes9903€1,933
Income taxes67/77€777
Profit (loss) for the period9904€1,156
Profit (loss) for the period to be appropriated9905€1,156
Appropriation of the result
Profit (loss) to be appropriated9906€1,156

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€1,560
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73
Other operating charges640/8€395
Gross operating margin9900€4,009
Operating profit (loss)9901€1,980
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€48
Recurring financial charges65€48
Profit (loss) for the period before taxes9903€1,933
Income taxes67/77€777
Profit (loss) for the period9904€1,156
Profit (loss) for the period to be appropriated9905€1,156
Line2024
Assets
Total assets20/58€99,368
Fixed assets21/28€1,637
Tangible fixed assets22/27€1,637
Furniture and vehicles24€1,637
Current assets29/58€97,731
Amounts receivable within one year40/41€86,825
Trade receivables40€72,809
Other amounts receivable41€14,016
Cash at bank and in hand54/58€10,906
Equity and liabilities
Total equity and liabilities10/49€99,368
Equity10/15€1,156
Profit (loss) carried forward14€1,156
Amounts payable17/49€98,212
Amounts payable within one year42/48€98,212
Trade debts44€90,842
Suppliers440/4€90,842
Taxes, remuneration and social security45€777
Taxes450/3€777
Other amounts payable47/48€6,592
Line2024
Profit (loss) for the period9904€1,156
+ Depreciation and write-downs630€73
Operating cash flow (approximation)€1,229

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
11-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Sint-Genesius-Rode · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
7,562 m²
Building footprint
1,655 m²
Volume, LiDAR
17,507 m³
2 parcels, Flanders · tallest building 23.0 m, ±4 floors. Linked by address, not a title deed.
415 companies at this address See who is registered here
1 establishment unit
REFRIYAN
Leuvensesteenweg 277, 1800 VilvoordeManufacture of electrical equipment
since 20242.355.866.912
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22552E0048/00Z025 Flanders 7,308 m² 1 · 1,453 m² 23.0 m · 4 fl.
23066A0002/00K000 Flanders 254 m² 1 · 202 m² 10.1 m · 1 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 313 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
Founded13-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
28250Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005958492
Also 9925:BE1005958492
Registered 06-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.