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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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Busy address KBO
119 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
REFO from Brussel, company number BE0777821521, closed financial year 2025 with a result of € -8,494 after tax. For that financial year REFO recorded a gross margin of € 213,909 and equity of € 143,676. Compared with financial year 2024, the result moved from € 16,258 to € -8,494. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 143,676
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,494
▼ still € 16,258 profit in 2024
Profit after tax over the fiscal year.
€ 76,214
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 73,676.
People and assets in 2025
4.6
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 172,431
▲ 2% vs 2024
€ 37,500 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.
€ 20,902
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 280,701
▲ 129% vs 2024
€ 32,525 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 80,204
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,377
▼ 54% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 155,609 | € 247,568 | € 224,918 | € 213,909 | ▼ 5% |
| Profit after taxes | € 10,864 | € 55,048 | € 16,258 | € -8,494 | ▼ € 24,752 |
| Equity | € 110,864 | € 135,912 | € 152,170 | € 143,676 | ▼ 6% |
| Total debts | € 278,257 | € 238,090 | € 220,515 | € 378,604 | ▲ 72% |
| Cash | € 192,602 | € 166,180 | € 192,892 | € 76,214 | ▼ 60% |
| Land & buildings | - | - | - | € 269,152 | |
| Retained profit | € 10,864 | € 65,912 | € 82,170 | € 73,676 | ▼ 10% |
| Bank debt | € 172,800 | € 147,906 | € 122,540 | € 280,701 | ▲ 129% |
| Balance sheet total | € 389,121 | € 374,003 | € 372,685 | € 522,280 | ▲ 40% |
| Employees (FTE) | 4.2 | 4.7 | 4.8 | 4.6 | ▼ 0.2 |
Key figures of REFO, 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 REFO?
What happened at REFO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,494 (▼ € 24,752 vs 2024). filed late Source: NBB ↗
- New establishment in Sint-Joost-ten-Node. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,864 profit in 2022 to € 8,494 loss in 2025.
Paid € 13,502 in corporate taxes since 2022.
Best year ever: 2023, with € 55,048 profit.
On average € 46,500 of value added per employee in 2025.
Establishments
Establishment units
Physical locations of this company
Keizerslaan 10
1000 Brussel
Karel Rogierplein 1
1210 Sint-Joost-ten-Node
Active since 1 December 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 119 companies are registered at this address.
All companies at this address →M&H Immobilières
€ 320,326 gross margin · 2024
Belgische Kamer van Vertalers en Tolken
PELELEKTRICA
€ 673 gross margin · 2023
J.M.E.
€ 74,554 gross margin · 2025
URGUP-GOREME
€ 28,668 gross margin · 2023
+114 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0777.821.521
- VAT number
- BE 0777.821.521
- Registered office
- Keizerslaan 10, 1000 Brussel
- Names & denominations
- REFO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 2021
- Peppol
- Active · Active since 27 Oct 2025
- Contact
- [email protected] +32476330561
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)
Detailhandel in vis en schaal- en weekdieren
Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte
Detailhandel in vlees van wild en van gevogelte
Detailhandel in dranken, algemeen assortiment
Detailhandel in groenten en fruit