Checked.be
Active
BE 0846.369.342Private limited company
TCHAMBA - REFINDER
Rue des Wallons 39 ·4840 Welkenraedt, Belgium· 14 yrs active
Sector: Manufacture of electrical equipment
(27900)
Conclusion
TCHAMBA - REFINDER has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88k and a net result of €97k. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €88k |
| Net result | €97k |
| Staff (FTE) | 9.3 |
| Better than sector | 20% |
Financial profile
69
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
53
Profitability
100
Solvency
15
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
53
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
10
2021
56
2022
56
2023
56
2024
53
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.77 (< 1.0)
-10
Leverage
Debt/equity 6.44 (> 3.0)
-10
Profitability
ROE 111% (≥ 10%)
+10
Interest coverage
Interest coverage 42.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 11-05-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~26.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 27, Manufacture of electrical equipment · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 13.4% | 50.4% | |
| Net result | €97k | €6k | |
| Equity | €88k | €69k | |
| Gross operating margin | €502k | €29k | |
| Staff costs | €382k | €56k |
€138k
+164.8%
21-25
€97k
+7.8%
21-25
€144k
+24.3%
21-25
€651k
+20.5%
21-25
€88k
-8.3%
21-25
€-129k
-48.5%
21-25
9
+10.7%
21-25
€382k
+11.5%
21-25
€10k
+126.7%
21-25
€30k
+275.0%
21-25
€564k
+26.7%
21-25
€561k
+26.8%
21-25
0.77
-4.2%
21-25
0.75
-3.1%
21-25
13.4%
-23.9%
21-25
6.44
+38.1%
21-25
110.8%
+17.6%
21-25
14.9%
-10.5%
21-25
41.98
+43.5%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €138k | €52k | €87k | €32k | €-25k |
| Net profit | €97k | €90k | €43k | €26k | €-31k |
| Cash flow | €144k | €116k | €66k | €40k | €-18k |
| Staff costs | €382k | €343k | €188k | €160k | €102k |
| Income taxes | €10k | €4k | €20k | - | €0 |
| Dividends | €30k | €8k | - | - | - |
| Total assets | €651k | €541k | €491k | €404k | €279k |
| Equity | €88k | €96k | €84k | €40k | €14k |
| Debt | €564k | €445k | €408k | €364k | €265k |
| of which ≤ 1y | €561k | €442k | €405k | €364k | €265k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-129k | €-87k | €-3k | €-62k | €-62k |
| Employees (FTE) | 9.3 | 8.4 | 5.2 | 4.5 | 3.2 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.77 | 0.80 | 0.99 | 0.83 | 0.77 |
| Quick ratio | 0.75 | 0.77 | 0.94 | 0.71 | 0.64 |
| Working capital ratio | -19.7% | -16.0% | -0.6% | -15.4% | -22.1% |
| Solvency | 13.4% | 17.7% | 17.0% | 9.9% | 5.0% |
| Debt / equity | 6.44 | 4.66 | 4.88 | 9.08 | 18.90 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 41.98 | 29.25 | 25.52 | 13.56 | -14.58 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 14.9% | 16.7% | 8.8% | 6.5% | -11.2% |
| ROE | 110.8% | 94.2% | 52.0% | 65.1% | -222.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €651k | €541k | €491k | €404k | €279k |
| Fixed assets | 21/28 | €219k | €185k | €89k | €102k | €76k |
| Intangible fixed assets | 21 | €10k | €18k | €7k | €10k | - |
| Tangible fixed assets | 22/27 | €186k | €143k | €70k | €79k | €73k |
| Financial fixed assets | 28 | €24k | €24k | €13k | €13k | €3k |
| Current assets | 29/58 | €432k | €356k | €402k | €302k | €203k |
| Stocks & contracts in progress | 3 | €13k | €15k | €22k | €44k | €33k |
| Amounts receivable within one year | 40/41 | €100k | €103k | €56k | €35k | €35k |
| Investments | 50/53 | - | - | €150k | - | - |
| Cash & bank | 54/58 | €309k | €232k | €169k | €220k | €133k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €651k | €541k | €491k | €404k | €279k |
| Equity | 10/15 | €88k | €96k | €84k | €40k | €14k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €80k | €89k | €77k | €38k | €38k |
| Accumulated profits (losses) | 14 | €1k | €336 | €332 | €-4k | €-30k |
| Amounts payable | 17/49 | €564k | €445k | €408k | €364k | €265k |
| Amounts payable within one year | 42/48 | €561k | €442k | €405k | €364k | €265k |
| Trade debts payable within one year | 44 | €367k | €271k | €339k | €327k | €239k |
| Income statement | ||||||
| Gross operating margin | 9900 | €502k | €427k | €309k | €205k | €92k |
| Operating result | 9901 | €91k | €26k | €64k | €18k | €-38k |
| Financial income | 75 | €19k | €70k | €2k | €10k | €9k |
| Financial charges | 65 | €3k | €2k | €3k | €2k | €2k |
| Result before taxes | 9903 | €107k | €94k | €63k | €26k | €-31k |
| Income taxes | 67/77 | €10k | €4k | €20k | - | €0 |
| Net result for the period | 9904 | €97k | €90k | €43k | €26k | €-31k |
| Result to be appropriated | 9905 | €97k | €90k | €43k | €26k | €-31k |
Legal Structure
| NACE primary | Manufacture of electrical equipment(27900) |
| Legal form | Private limited company(610) |
| Incorporation | 05-06-2012 |
| Status | Active |
| Postal code | 4840 |
Establishment units
REFINDER
since 20122.210.023.650
TCHAMBA
since 20142.233.653.741
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63041A0073/00P000 | Wallonia | 3,203 m² | 1 · 515 m² | 4.0 m · 1 fl. |
| 63084B0405/00K002 | Wallonia | 986 m² | 1 · 119 m² | 7.9 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €97k ▲7.8%
Operating result €91k, net result €97k, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of electrical equipment27900Wholesale of information and communication equipment46500Wholesale trade46520Repair and maintenance of electrical equipment33140Retail sale of information and communication equipment47400Retail trade47420
Names & trade names
| Legal nameFR | TCHAMBA - REFINDER |
Similar companies
JOHAN VANHAELEN
BE 0812.335.507 · Sint-Pieters-Leeuw
CAERUS VISION
BE 0670.648.694 · Torhout
GEOPOWER
BE 0801.562.270 · Ledegem
VANBOT
BE 0748.811.195 · Poperinge
MEDINPRO CONSULTING
BE 0422.810.033 · Blankenberge