REFRIPEC
ActiveSummary
The computed 12-month bankruptcy probability of REFRIPEC is 2.0% (moderate). The 2024 annual accounts show equity of €31,849 and a net result of -€6,207. Equity is growing by ~19.4% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability8▼-87
Solvency67▼-33
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.5 against 4.86 in 2023; short-term debt: 57.5% and cash: 7.9% of total assets), but 57.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
42.5%
Return on assets
-8.3%
Age of the figures
21 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
46 d early
2024
58 d early
2023
49 d early
2022
1 d late
2021
60 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 13 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€31,849▼ 62.7%
2023 · €85,472
Total assets
€75,024▼ 28.1%
2023 · €104,354
Net result
-€6,207
2023 · €21,783
Working capital
€21,736▼ 70.2%
2023 · €72,937
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€51,878-€35,064▼ 32.4%€29,155▼ 16.9%-€5,288
Net result€35,556within the sector's middle half-€25,633within the sector's middle half▼ 27.9%€21,783within the sector's middle half▼ 15.0%-€6,207below the sector's middle half
Equity€38,056within the sector's middle half-€63,689within the sector's middle half▲ 67.4%€85,472within the sector's middle half▲ 34.2%€31,849within the sector's middle half▼ 62.7%
Total assets€60,821below the sector's middle half-€84,694below the sector's middle half▲ 39.3%€104,354within the sector's middle half▲ 23.2%€75,024below the sector's middle half▼ 28.1%
Debt€22,766-€21,005▼ 7.7%€18,882▼ 10.1%€43,175▲ 129%
Working capital€32,787within the sector's middle half-€57,288within the sector's middle half▲ 74.7%€72,937within the sector's middle half▲ 27.3%€21,736within the sector's middle half▼ 70.2%
Solvency62.6%within the sector's middle half-75.2%above the sector's middle half▲ 12.6pp81.9%above the sector's middle half▲ 6.7pp42.5%within the sector's middle half▼ 39.5pp
Current ratio2.44within the sector's middle half-3.73within the sector's middle half▲ 1.294.86above the sector's middle half▲ 1.141.50within the sector's middle half▼ 3.36
Return on assets (ROA)58.5%above the sector's middle half-30.3%above the sector's middle half▼ 28.2pp20.9%above the sector's middle half▼ 9.4pp-8.3%below the sector's middle half▼ 29.1pp
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
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 2024: a loss of €5,288 after €29,155 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74,555
Fixed assets
€9,644 ▼ 16.8%
Current assets
€64,911 ▼ 29.3%
Equity and liabilities €75,024
Equity
€31,849 ▼ 62.7%
Debt
€43,175 ▲ 129%
Debt's share of the balance-sheet total rises from 18.1% to 57.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,514▼
2023 · €32,491
Cash flow
-€2,432▼
2023 · €25,119
Debt to equity
1.36▲
2023 · 0.22
ROE
-19.5%▼
2023 · 25.5%
Interest coverage
-19.79▼
2023 · 293.51
Debt ≤ 1 year
€43,175▲
2023 · €18,882
Income taxes
€842▼
2023 · €7,261
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,441 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
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,437 | €1,468 | €3,336 | €3,774 | ▲ 13.1% |
| Other operating charges640/8 | - | €660 | €228 | €596 | ▲ 162% |
| Gross operating margin9900 | €53,315 | €37,191 | €32,719 | -€918 | ▼ 103% |
| Operating profit (loss)9901 | €51,878 | €35,064 | €29,155 | -€5,288 | ▼ 118% |
| Financial income75/76B | - | €42 | €0 | - | - |
| Recurring financial income75 | - | €42 | €0 | - | - |
| Financial charges65/66B | €93 | €74 | €111 | €76 | ▼ 30.9% |
| Recurring financial charges65 | €93 | €74 | €111 | €76 | ▼ 30.9% |
| Profit (loss) for the period before taxes9903 | €51,785 | €35,033 | €29,045 | -€5,364 | ▼ 118% |
| Income taxes67/77 | €16,229 | €9,400 | €7,261 | €842 | ▼ 88.4% |
| Profit (loss) for the period9904 | €35,556 | €25,633 | €21,783 | -€6,207 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €35,556 | €25,633 | €21,783 | -€6,207 | ▼ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €60,821 | €84,694 | €104,354 | €75,024 | ▼ 28.1% |
| Formation expenses20 | €1,875 | €1,406 | €937 | €469 | ▼ 50.0% |
| Fixed assets21/28 | €3,394 | €4,995 | €11,597 | €9,644 | ▼ 16.8% |
| Tangible fixed assets22/27 | €3,394 | €4,995 | €11,597 | €9,644 | ▼ 16.8% |
| Land and buildings22 | - | - | €6,064 | €4,639 | ▼ 23.5% |
| Plant, machinery and equipment23 | €3,394 | €4,060 | €2,759 | €2,405 | ▼ 12.8% |
| Furniture and vehicles24 | - | €935 | €2,774 | €2,600 | ▼ 6.3% |
| Current assets29/58 | €55,553 | €78,294 | €91,819 | €64,911 | ▼ 29.3% |
| Stocks and contracts in progress3 | €2,378 | €1,644 | - | - | - |
| Stocks30/36 | €2,378 | €1,644 | - | - | - |
| Amounts receivable within one year40/41 | €14,919 | €10,467 | €34,254 | €13,565 | ▼ 60.4% |
| Trade receivables40 | €1,471 | - | €26,675 | €4,171 | ▼ 84.4% |
| Other amounts receivable41 | €13,448 | €10,467 | €7,579 | €9,394 | ▲ 23.9% |
| Current investments50/53 | - | - | - | €45,000 | - |
| Cash at bank and in hand54/58 | €38,256 | €66,182 | €57,565 | €5,905 | ▼ 89.7% |
| Deferred charges and accrued income490/1 | - | - | - | €441 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €60,821 | €84,694 | €104,354 | €75,024 | ▼ 28.1% |
| Equity10/15 | €38,056 | €63,689 | €85,472 | €31,849 | ▼ 62.7% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Capital10 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Issued capital100 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €35,556 | €61,189 | €82,972 | €29,349 | ▼ 64.6% |
| Non-distributable reserves130/1 | €35,556 | €35,556 | - | - | - |
| Other1319 | €35,556 | €35,556 | - | - | - |
| Distributable reserves133 | - | €25,633 | €82,972 | €29,349 | ▼ 64.6% |
| Amounts payable17/49 | €22,766 | €21,005 | €18,882 | €43,175 | ▲ 129% |
| Amounts payable within one year42/48 | €22,766 | €21,005 | €18,882 | €43,175 | ▲ 129% |
| Trade debts44 | €3,037 | €5,550 | €10,621 | €1,185 | ▼ 88.8% |
| Suppliers440/4 | €3,037 | €5,550 | €10,621 | €1,185 | ▼ 88.8% |
| Advances received on contracts in progress46 | €3,500 | €6,334 | €1,000 | - | - |
| Taxes, remuneration and social security45 | €16,229 | €9,122 | €7,261 | - | - |
| Taxes450/3 | €16,229 | €9,122 | €7,261 | - | - |
| Other amounts payable47/48 | - | - | - | €41,990 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,556 | €25,633 | €21,783 | -€6,207 | ▼ 128% |
| + Depreciation and write-downs630 | €1,437 | €1,468 | €3,336 | €3,774 | ▲ 13.1% |
| Operating cash flow (approximation) | €36,992 | €27,101 | €25,119 | -€2,432 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€3,068 | -€9,939 | -€1,820 | ▲ 81.7% |
| Change in cash | - | €27,926 | -€8,617 | -€51,660 | ▼ 499% |
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
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€6,207
Net result drops to -€6,207, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Estinnes · 1 establishment unit since 2021
Ground area
3,908 m²
Building footprint
207 m²
Volume, LiDAR
1,645 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
REFRIPEC
since 20212.314.228.275
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56024A0045/00D000 | Wallonia | 3,683 m² | 1 · 155 m² | 10.9 m · 3 fl. |
| 25782C0076/00H011 | Wallonia | 224 m² | 1 · 51 m² | 9.6 m · 3 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.
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Of 461 companies in sector 28250 we hold annual accounts for 286. 145 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
Founded25-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
43990Other specialised construction activities
77221Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
82990Other business support services
Contact
E-mail
refripec@gmail.com
Phone
+32477732341
E-invoicing
Reachable via Peppol
Peppol ID
0208:0764340105
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.