Financials
Financial year 2025
Refined from Hoogstraten, company number BE0785769086, closed financial year 2025 with a result of € 30,303 after tax. For that financial year Refined recorded a gross margin of € 45,564 and equity of € 108,717. Compared with financial year 2024, the result moved from € 30,224 to € 30,303. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 108,717
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,303
Profit after tax over the fiscal year.
€ 16,789
▲ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25,000 paid out
83 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 4,915
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 183,918
▲ € 180,048 vs 2024
€ 305 is repaid this year. At this pace the long-term loan is gone in ≈ 604 years.
€ 48,392
▲ € 46,539 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,118
▲ 10% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 43,344 | € 46,266 | € 43,333 | € 45,564 | ▲ 5% |
| Profit after taxes | € 34,315 | € 35,875 | € 30,224 | € 30,303 | |
| Equity | € 37,315 | € 73,190 | € 103,414 | € 108,717 | ▲ 5% |
| Total debts | € 18,810 | € 27,522 | € 13,991 | € 262,739 | ▲ € 248,748 |
| Cash | € 39,018 | € 69,063 | € 11,278 | € 16,789 | ▲ 49% |
| Land & buildings | - | - | € 18,000 | € 18,000 | |
| Retained profit | € 34,315 | € 70,190 | € 100,414 | € 105,717 | ▲ 5% |
| Dividend | € 0 | € 0 | € 0 | € 25,000 | |
| Bank debt | € 0 | € 0 | € 3,870 | € 183,918 | ▲ € 180,048 |
| Balance sheet total | € 56,125 | € 100,712 | € 117,404 | € 371,455 | ▲ 216% |
Key figures of Refined, 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 Refined?
What happened at Refined in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,303. Source: NBB ↗
- New establishment in Hoogstraten. KBO
- Nic Vervoort became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 34,315 profit in 2022 to € 30,303 profit in 2025.
Paid € 35,672 in corporate taxes since 2022.
Best year ever: 2023, with € 35,875 profit.
Paid out € 25,000 in dividends to the owners in total.
Management
Behind Refined is Nic Vervoort. It owns 12.5% of Forta itself.
Directors
According to the 2025 annual accounts
Nic Vervoort
Director
Also active at: ONE Holding, SEALD, SEALD BELGIUM, ONE CONSTRUCTION, Seald Invest I, SEALD INVEST II, IMMO NOORD, FORTA
since 2022
Establishments
Establishment units
Physical locations of this company
Remi Lensstraat 6
2320 Hoogstraten
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0785.769.086
- VAT number
- BE 0785.769.086
- Registered office
- Remi Lensstraat 6, 2320 Hoogstraten
- Names & denominations
- Refined
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 May 2022
- Peppol
- Active · Active since 27 Mar 2026
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