REFUGIO
ActiveSummary
REFUGIO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €478k and a net result of €22k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 1306 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+1
Solvency74▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.71 against 1.16 in 2023; short-term debt: 9.7% and cash: 0.7% of total assets), but 51.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
109 d late
2022
119 d late
2021
61 d late
2020
60 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€478k▲ 10.3%
2023 · €434k
Total assets
€979k▼ 3.3%
2023 · €1.01M
Net result
€22k▲ 23.3%
2023 · €18k
Working capital
€257k▲ 414%
2023 · €50k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14k€21k▲ 45.3%€32k▲ 58.3%€29k▼ 12.0%€37k▲ 30.5%
Net result€11k€13k▲ 17.2%€23k▲ 75.2%€18k▼ 20.0%€22k▲ 23.3%
Equity€380k▲ 3.0%€421k▲ 10.6%€443k▲ 5.4%€434k▼ 2.2%€478k▲ 10.3%
Total assets€802k▼ 2.7%€794k▼ 1.0%€1.01M▲ 27.4%€1.01M▲ 0.2%€979k▼ 3.3%
Debt€272k▼ 10.9%€255k▼ 6.4%€449k▲ 76.5%€461k▲ 2.6%€382k▼ 17.1%
Working capital€-226k▲ 9.9%€-168k▲ 25.5%€66k€50k▼ 24.2%€257k▲ 414%
Staff (FTE)0.5
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 31% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €979k
Fixed assets
€628k ▼ 4.6%
Current assets
€352k ▼ 1.1%
Equity and liabilities €979k
Equity
€478k ▲ 10.3%
Provisions
€119k =
Debt
€382k ▼ 17.1%
Debt's share of the balance-sheet total falls from 45.5% to 39.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80k▼
2023 · €87k
Cash flow
€65k▼
2023 · €77k
Current ratio
3.71▲
2023 · 1.16
Debt to equity
0.80▼
2023 · 1.06
ROE
4.7%▲
2023 · 4.2%
ROA
2.3%▲
2023 · 1.8%
Interest coverage
15.96▼
2023 · 17.38
Debt ≤ 1 year
€95k▼
2023 · €306k
Debt > 1 year
€115k▼
2023 · €155k
Income taxes
€10k▲
2023 · €6k
Staff costs
€16k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10k | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €3k | €16k | ▲ 369% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69k | €71k | €65k | €59k | €42k | ▼ 27.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-3k | - | - | - | - |
| Other operating charges640/8 | - | €22k | €22k | €24k | €29k | ▲ 17.3% |
| Gross operating margin9900 | €104k | €110k | €119k | €115k | €125k | ▲ 8.4% |
| Operating profit (loss)9901 | €14k | €21k | €32k | €29k | €37k | ▲ 30.5% |
| Financial income75/76B | - | €120 | €0 | - | €1 | - |
| Recurring financial income75 | €0 | €120 | €0 | - | €1 | - |
| Financial charges65/66B | - | €4k | €4k | €5k | €5k | ▼ 0.3% |
| Recurring financial charges65 | €851 | €4k | €4k | €5k | €5k | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €13k | €16k | €29k | €24k | €32k | ▲ 37.1% |
| Income taxes67/77 | €2k | €3k | €6k | €6k | €10k | ▲ 82.2% |
| Profit (loss) for the period9904 | €11k | €13k | €23k | €18k | €22k | ▲ 23.3% |
| Profit (loss) for the period to be appropriated9905 | €11k | €13k | €23k | €18k | €22k | ▲ 23.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €802k | €794k | €1.01M | €1.01M | €979k | ▼ 3.3% |
| Fixed assets21/28 | €755k | €707k | €668k | €658k | €628k | ▼ 4.6% |
| Tangible fixed assets22/27 | €753k | €705k | €666k | €656k | €626k | ▼ 4.6% |
| Land and buildings22 | - | €664k | €630k | €623k | €597k | ▼ 4.2% |
| Plant, machinery and equipment23 | - | - | €442 | €272 | €102 | ▼ 62.4% |
| Furniture and vehicles24 | - | €5k | €5k | €4k | €3k | ▼ 34.2% |
| Other tangible fixed assets26 | - | €37k | €31k | €28k | €26k | ▼ 7.2% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €47k | €87k | €343k | €356k | €352k | ▼ 1.1% |
| Amounts receivable after more than one year29 | - | - | €4k | - | - | - |
| Trade receivables290 | - | - | €4k | - | - | - |
| Amounts receivable within one year40/41 | €4k | - | - | €11k | - | - |
| Trade receivables40 | - | - | - | €11k | - | - |
| Current investments50/53 | - | - | €333k | €341k | €341k | = |
| Cash at bank and in hand54/58 | €41k | €83k | €4k | €1k | €7k | ▲ 465% |
| Deferred charges and accrued income490/1 | - | €4k | €3k | €2k | €3k | ▲ 68.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €802k | €794k | €1.01M | €1.01M | €979k | ▼ 3.3% |
| Equity10/15 | €380k | €421k | €443k | €434k | €478k | ▲ 10.3% |
| Contributions10/11 | €197k | €197k | €197k | €197k | €197k | = |
| Capital10 | - | €197k | - | €197k | €197k | = |
| Issued capital100 | - | €197k | - | €197k | €197k | = |
| Reserves13 | €228k | €229k | €229k | €229k | €229k | = |
| Non-distributable reserves130/1 | - | - | €12k | €12k | €12k | = |
| Legal reserve130 | - | - | - | €12k | €12k | = |
| Reserves not available under the articles1311 | - | - | €12k | - | - | - |
| Tax-exempt reserves132 | - | €229k | €217k | €201k | €201k | = |
| Distributable reserves133 | - | - | - | €16k | €16k | = |
| Profit (loss) carried forward14 | €-45k | €-5k | €17k | €8k | €53k | ▲ 584% |
| Provisions and deferred taxes16 | €149k | €119k | €119k | €119k | €119k | = |
| Provisions for liabilities and charges160/5 | - | €42k | €42k | €42k | €42k | = |
| Major repairs and maintenance162 | - | €42k | €42k | €42k | €42k | = |
| Deferred taxes168 | - | €76k | €76k | €76k | €76k | = |
| Amounts payable17/49 | €272k | €255k | €449k | €461k | €382k | ▼ 17.1% |
| Amounts payable after more than one year17 | - | - | €172k | €155k | €115k | ▼ 25.8% |
| Financial debts170/4 | - | - | €172k | €135k | €99k | ▼ 26.7% |
| Other amounts payable178/9 | - | - | - | €20k | €16k | ▼ 20.0% |
| Amounts payable within one year42/48 | €272k | €255k | €277k | €306k | €95k | ▼ 69.0% |
| Current portion of amounts payable after more than one year42 | - | - | €36k | €37k | €79k | ▲ 117% |
| Trade debts44 | €23k | €11k | €4k | - | - | - |
| Suppliers440/4 | - | €11k | €4k | - | - | - |
| Taxes, remuneration and social security45 | - | €6k | €12k | €3k | €16k | ▲ 515% |
| Taxes450/3 | - | €6k | €12k | €3k | €16k | ▲ 515% |
| Other amounts payable47/48 | - | €238k | €226k | €267k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €172k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €13k | €23k | €18k | €22k | ▲ 23.3% |
| + Depreciation and write-downs630 | €69k | €71k | €65k | €59k | €42k | ▼ 27.4% |
| Operating cash flow (approximation) | €80k | €84k | €87k | €77k | €65k | ▼ 15.5% |
| Investment in fixed assets (approximation) | - | €-23k | €-25k | €-48k | €-12k | ▲ 74.1% |
| Change in cash | - | €42k | €-79k | €-2k | €6k | ▲ 364% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 3.71
Current ratio from 1.16 to 3.71; short-term debt falls from €306k to €95k.
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 109 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 119 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 1.24
Current ratio from 0.34 to 1.24.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 83 days late
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 85 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Antwerpen · 1 establishment unit since 2003
Ground area
1,813 m²
Building footprint
258 m²
Volume, LiDAR
2,219 m³
Parcel 11812M0063/00L002, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
REFUGIO
since 20032.132.443.743
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11812M0063/00L002 | Flanders | 1,813 m² | 1 · 258 m² | 10.7 m · 3 fl. |
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 527 companies in sector 52230 we hold annual accounts for 278. 184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
52230Warehousing and support activities for transportation
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.