ReFresh XL
ActiveThe annual accounts of ReFresh XL for fiscal year 2025 show a net loss of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €22k and a net result of €-64k. Its solvency ranks better than 32% of 13204 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-67
Solvency34▼-20
Growth32
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.55 against 2.79 in 2024; short-term debt: 46.9% and cash: 20.2% of total assets), but 91.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
8.6%
Return on assets
-24.9%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 d early
2024
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▼ 72.4%
2024 · €81k
2024: €81k
2024 → 2025
Total assets
€259k▼ 5.6%
2024 · €274k
2024: €274k
2024 → 2025
Net result
€-64k
2024 · €9k
2024: €9k
2024 → 2025
Working capital
€67k▼ 52.9%
2024 · €143k
2024: €143k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€81k-€22k▼ 72.4%
Operating result€13k-€-60k
Net result€9k-€-64k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €60k after €13k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €259k
Fixed assets
€70k▲ 36.6%
Current assets
€189k▼ 15.3%
Equity and liabilities €259k
Equity
€22k▼ 72.4%
Provisions
€0▼ 100%
Debt
€237k▲ 29.0%
The debt ratio rises from 66.9% to 91.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-46k▼
2024 · €23k
Cash flow
€-50k▼
2024 · €18k
Solvency
8.6%▼
2024 · 29.4%
Current ratio
1.55▼
2024 · 2.79
Quick ratio
1.54▼
2024 · 2.76
Debt / equity
10.64▲
2024 · 2.28
ROE
-289.4%▼
2024 · 10.8%
ROA
-24.9%▼
2024 · 3.2%
Interest coverage
-9.76▼
2024 · 5.30
Debt
€237k▲
2024 · €184k
Debt ≤ 1 year
€122k▲
2024 · €80k
Debt > 1 year
€27k▼
2024 · €37k
Staff costs
€511k▲
2024 · €430k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€274k€259k▼
Fixed assets21/28€51k€70k▲
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€45k€65k▲
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€29k€34k▲
Other tangible fixed assets26€8k€24k▲
Assets under construction and advance payments27-€563
Financial fixed assets28€3k€3k=
Current assets29/58€223k€189k▼
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€116k€75k▼
Trade receivables40€10k€5k▼
Other amounts receivable41€106k€70k▼
Cash at bank and in hand54/58€58k€52k▼
Deferred charges and accrued income490/1€48k€60k▲
Equity and liabilities
Total equity and liabilities10/49€274k€259k▼
Equity10/15€81k€22k▼
Reserves13€47k€57k▲
Profit (loss) carried forward14€8k€-66k▼
Investment grants15€26k€32k▲
Provisions and deferred taxes16€10k€0▼
Provisions for liabilities and charges160/5€10k€0▼
Other liabilities and charges164/5€10k€0▼
Amounts payable17/49€184k€237k▲
Amounts payable after more than one year17€37k€27k▼
Financial debts170/4€32k€22k▼
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€80k€122k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€9k€39k▲
Suppliers440/4€9k€39k▲
Advances received on contracts in progress46€100€0▼
Taxes, remuneration and social security45€60k€72k▲
Taxes450/3€906€0▼
Remuneration and social security454/9€59k€72k▲
Accrued charges and deferred income492/3€66k€88k▲
Income statement
Code20242025
Remuneration, social security and pensions62€430k€511k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8€672€934▲
Non-recurring operating charges66A-€562
Gross operating margin9900€454k€456k▲
Operating profit (loss)9901€13k€-60k▼
Financial income75/76B€37€406▲
Recurring financial income75€37€406▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€9k€-64k▼
Profit (loss) for the period9904€9k€-64k▼
Profit (loss) for the period to be appropriated9905€9k€-64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-56k▼
Profit (loss) brought forward from the previous period14P-€8k
To contributions691€738€10k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
State Gazette act
Resignations & appointments · MiscellaneousGeneral meeting · Approval · Reserve release12 facts ▸
State Gazette act
Resignations & appointments · Miscellaneous
General meeting · Approval · Reserve release12 facts ▸
- General meeting, 2026-07-12
- Approval, 2026-07-12
- Reserve release, Fonds affecté pour passif social
- Director discharge, ReFresh XL
- Member admission, Adeline Gazan
- Member admission, Laurence Modrego
- Member resignation, Julien Ciarniello
- Member resignation, Stéphanie Marques
- Member resignation, Hassan Chegdani
- Director appointment, Laurence Modrego (administrateur)
- Director resignation, Simon Ott (administrateur)
- Director appointment, Simon Ott (personne déléguée à la gestion journalière)
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
20-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Power of attorney4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Power of attorney4 facts ▸
- General meeting, 19/12/2025
- Director reappointment, Liza Dignac (administratrice)
- Power of attorney, Simon Ott
- Power of attorney, Liza Dignac
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
State Gazette actNBB filing
Directors · office · real estate
Directors
11 directors, no change since 2026
Laurence Modrego
CurrentDirector · since 12-07-2026
Simon Ott
CurrentPersonne déléguée à la gestion journalière · since 12-07-2026
Liza Dignac
CurrentDirector
12-07-2026
Laurence Modrego: Appointed as Director
12-07-2026
Simon Ott: Appointed as Personne déléguée à la gestion journalière
12-07-2026
Simon Ott: Resigned as Director
21-06-2024
Amandine Vandormael: Resigned as Daily management
28-02-2023
Ciarniello Julien: Resigned as Director
28-02-2023
Hassan Chegdani: Resigned as Director
28-02-2023
Lansana Diallo: Resigned as Director
30-07-2020
DENNEMONT Laurent: Resigned as Managing director
30-07-2020
Jean-Olivier Collinet: Resigned as Director
30-07-2020
Stokkins Denis: Resigned as Director
02-01-2020
Lansana Diallo: Resigned as Managing director
02-01-2020
Denis Stokkink: Resigned as Director
17-05-2016
Lansana Diallo: Resigned as Managing director
Location & real-estate footprint
Registered office, Elsene · 3 establishment units since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Scepterstraat 391050 ElseneGround area
1,514 m²
Building footprint
1,057 m²
Volume, LiDAR
14,054 m³
3 parcels, Brussels · tallest building 22.2 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
ReFresh XL
since 20142.230.276.458
Refresh resto Elzenhof
since 20222.329.462.225
Refresh resto Mundo
since 20242.355.006.382
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0088/00P011 | Brussels | 796 m² | 1 · 616 m² | 18.8 m · 5 fl. |
| 21009A0786/00K000 | Brussels | 478 m² | 1 · 344 m² | 22.2 m · 6 fl. |
| 21443A0069/03P004 | Brussels | 240 m² | 1 · 97 m² | 19.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesElsene2.230.276.458
Elsene2.329.462.225
Elsene2.355.006.382
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 8,175 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded11-10-2013
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
88999Other social work without accommodation
94999Other membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesWebsite:www.refresh.brussels
E-mail:info@refresh.brussels
Phone:0478 550 393
Phone:02 647 88 04
E-mail:maude@refresh.brussels