Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Reficore from Kontich, company number BE0717955495, closed financial year 2025 with a result of € -105,642 after tax. For that financial year Reficore recorded a gross margin of € -24,585 and equity of € -764,869. Compared with financial year 2024, the result moved from € -157,851 to € -105,642. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -764,869
▼ € 105,642 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -105,642
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
€ 11,027
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -800,869.
People and assets in 2025
€ 170
▲ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 831,920
▲ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 36,474
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,464
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,335 | € -27,401 | € -55,319 | € -24,585 | ▲ € 30,735 |
| Profit after taxes | € -142,337 | € -156,348 | € -157,851 | € -105,642 | ▲ € 52,209 |
| Equity | € -345,027 | € -501,375 | € -659,227 | € -764,869 | ▼ € 105,642 |
| Total debts | € 975,316 | € 860,791 | € 921,329 | € 938,333 | ▲ 2% |
| Cash | € 20,750 | € 15,747 | € 21,035 | € 11,027 | ▼ 48% |
| Land & buildings | € 112,384 | € 105,518 | € 91,962 | € 78,405 | ▼ 15% |
| Retained profit | € -381,027 | € -537,375 | € -695,227 | € -800,869 | ▼ € 105,642 |
| Bank debt | € 732,891 | € 737,920 | € 799,920 | € 831,920 | ▲ 4% |
| Balance sheet total | € 630,289 | € 359,416 | € 262,102 | € 173,464 | ▼ 34% |
Key figures of Reficore, 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 Reficore?
What happened at Reficore in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 105,642. filed late Source: NBB ↗
- Ehsan Arien became a director. NBB
- New establishment in Kontich. KBO
- Start of the company according to the CBE. KBO
In short
From € 142,337 loss in 2022 to € 105,642 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Reficore are Ehsan Arien and Simon Beridze. Simon Beridze is also behind SIMON GOLD.
Directors
According to the 2025 annual accounts
Ehsan Arien
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Singel 7
2550 Kontich
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0717.955.495
- VAT number
- BE 0717.955.495
- Registered office
- Singel 7, 2550 Kontich
- Names & denominations
- Reficore
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2019
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Productie van edelmetalen