REFX
Annual accounts 2025
micro format, filed on 17-06-2026, 44 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3,200. Estimated: probably between €1,600 and €10,000.
Balance sheet
balance sheet total €218,504 on 31-12-2025in euro
in euro
Position in the sector
1.6%
Higher than 22% of 17,190 companies in 2025.
0.54
Higher than 30% of 16,487 companies in 2025.
0.1%
Higher than 39% of 16,866 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
218,504 | 7,683 | |
20 |
1,511 | 1,722 | |
21/28 |
100,565 | - | |
22/27 |
565 | - | |
24 |
565 | - | |
28 |
100,000 | - | |
29/58 |
116,427 | 5,962 | |
3 |
111,771 | 5,472 | |
30/36 |
111,771 | 5,472 | |
40/41 |
605 | 362 | |
41 |
605 | 362 | |
54/58 |
4,051 | 129 | |
| Balance sheet: equity and liabilities | |||
10/49 |
218,504 | 7,683 | |
10/15 |
3,405 | 3,185 | |
10/11 |
5,000 | 5,000 | |
14 |
-1,595 | -1,815 | |
17/49 |
215,099 | 4,499 | |
42/48 |
215,099 | 4,499 | |
44 |
238 | 144 | |
440/4 |
238 | 144 | |
47/48 |
214,861 | 4,355 | |
| Income statement | |||
9900 |
773 | -1,652 | |
630 |
470 | 149 | |
9901 |
303 | -1,801 | |
65/66B |
83 | 14 | |
65 |
83 | 14 | |
9903 |
220 | -1,815 | |
9904 |
220 | -1,815 | |
9905 |
220 | -1,815 | |
| Appropriation of the result | |||
9906 |
-1,595 | -1,815 | |
14P |
-1,815 | - | |
| Document | |||
The notes to these accounts have 7 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 17-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 773 | -1,652 | ||
| 690 | -1,666 | ||
| 100,826 | - | ||
| 3,922 | - | ||
| -98,672 | 1,463 | ||
| 1.6% | 41.4% | ||
| 0.54 | 1.33 | ||
| 0.02 | 0.11 | ||
| 63.18 | 1.41 | ||
| 6.5% | -57.0% | ||
| 0.1% | -23.6% | ||
| 9.36 | -115.37 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €826 | - |
| Financial fixed assets | €100,000 | - |
| €470 | €149 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on REFX
The operating result for 2025 is a profit of €303, after a loss of €1,801 in 2024.
Debt's share of the balance-sheet total rises from 58.6% to 98.4%. Equity and debt are higher.