Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
BELREF from Saint-Ghislain, company number BE0672930570, closed financial year 2025 with a result of € -267,414 after tax. For that financial year BELREF recorded revenue of € 6.3 million and equity of € 1.9 million. Compared with financial year 2024, the result moved from € -835,522 to € -267,414. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 20, 2026.
€ 1.9 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -267,414
▲ 68 % less loss than in 2024
Profit after tax over the fiscal year.
€ 577,013
▲ € 466,160 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -935,246.
People and assets in 2025
24.2
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 4% vs 2024
€ 59,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 43,367
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 742,624
▼ 16% vs 2024
€ 279,168 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.1 million
▲ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 82 days on average.
€ 180,547
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,428,422 | € 6,652,552 | € 5,956,156 | € 6,275,061 | ▲ 5% |
| Profit after taxes | € 96,440 | € 64,490 | € -835,522 | € -267,414 | ▲ € 568,109 |
| Equity | € 1,335,750 | € 2,167,690 | € 2,132,167 | € 1,864,754 | ▼ 13% |
| Total debts | € 2,712,839 | € 3,704,082 | € 2,609,638 | € 2,945,055 | ▲ 13% |
| Cash | € 599,986 | € 397,453 | € 110,853 | € 577,013 | ▲ € 466,160 |
| Retained profit | € 135,750 | € 167,690 | € -667,833 | € -935,246 | ▼ € 267,414 |
| Dividend | € 0 | € 32,550 | € 0 | € 0 | |
| Bank debt | € 887,521 | € 948,725 | € 884,335 | € 742,624 | ▼ 16% |
| Balance sheet total | € 4,048,589 | € 5,871,772 | € 4,741,806 | € 4,809,809 | ▲ 1% |
| Employees (FTE) | 23.1 | 23.9 | 25.7 | 24.2 | ▼ 1.5 |
Key figures of BELREF, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BELREF?
What happened at BELREF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dominique JUNG stepped down as director. NBB
- MYLEO SRL stepped down as director. NBB
- Domenico LEONE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 267,414. Source: NBB ↗
- Dominique JUNG became a director. NBB
- MYLEO SRL became a director. NBB
- Domenico LEONE became a director. NBB
- New establishment in Saint-Ghislain. KBO
In short
From € 96,440 profit in 2022 to € 267,414 loss in 2025.
Paid € 39,349 in corporate taxes since 2022.
Best year ever: 2022, with € 96,440 profit.
Paid out € 32,550 in dividends to the owners in total.
Management
The stake of Société de Gestion Industrielle comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELREFThe shares are held by Société de Gestion Industrielle (98.6%).
Directors
According to the 2025 annual accounts
Dominique JUNG
Director
Also active at: Société de Gestion Industrielle, Group Sart de Bernier, IPRATEC, SEIDYS
since 2025 · until 2031
Director · represented by Romain LEONE
Also active at: Société de Gestion Industrielle, FUSIREF REFRACTORIES, METUBEL, IPRATEC, BELGIQUE SERVICES RESIDENTIELS, SEIDYS
since 2025 · until 2031
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Rivièrette(SG) 100
7330 Saint-Ghislain
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
SIMPLYTRANSIT, GB
DNS
OVH DNS
Domain
Domain
belref.com
Registered
2009-10-16
Registrar
OVH, SAS
Expires
2026-10-16
Website info
Features
Security
Network
Details
- Company number
- 0672.930.570
- VAT number
- BE 0672.930.570
- Registered office
- Rue de la Rivièrette(SG) 100, 7330 Saint-Ghislain
- Names & denominations
- BELREF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 2017
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- belref.com
- Activities · NACE
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