ACTIVE

REFIN

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Financial year 2025 · closed on 31/12/2025

Net result

66,9 k €

-6.7% YoY

Gross margin

142,5 k €

-0.5% YoY

Equity

251,9 k €

+7.2% YoY

What does REFIN do?

REFIN is a Private company with limited liability incorporated in 1991. Its registered office is in Brasschaat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.051.143

Incorporation

05/09/1991

Legal form

Private company with limited liability

Registered office

Reintjesbeek 9
2930 Brasschaat · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2016		2015		2014		2013		2012		2009		2008		2007		2006
Income statement
Gross margin	142,5 k €	-0.5%	143,3 k €	+184%	50,5 k €	-35.9%	78,8 k €	+32.5%	59,4 k €	+127%	26,2 k €	+58.4%	16,5 k €	-63.1%	44,8 k €	-57.3%	104,9 k €	+344%	23,6 k €	-48.7%	46 k €	-20.3%	57,7 k €	+21.0%	47,7 k €	+48.8%	32,1 k €
EBITDA	95,6 k €	-8.9%	104,9 k €	+1175%	8,2 k €	-60.2%	20,7 k €	-14.2%	24,1 k €	-6.4%	25,7 k €	+64.3%	15,7 k €	-12.4%	17,9 k €	-62.0%	47,1 k €	+113%	22,2 k €	-48.8%	43,3 k €	-24.1%	57 k €	+26.2%	45,2 k €	+48.5%	30,4 k €
Operating result	94,3 k €	-8.6%	103,1 k €	+1593%	6,1 k €	-66.0%	17,9 k €	-19.9%	22,3 k €	+34.9%	16,5 k €	+172%	6,1 k €	-25.0%	8,1 k €	-78.2%	37,2 k €	+210%	12 k €	-64.0%	33,3 k €	-29.9%	47,6 k €	+31.6%	36,1 k €	+279%	9,5 k €
Net result	66,9 k €	-6.7%	71,7 k €	+1217%	5,4 k €	-61.9%	14,3 k €	-14.4%	16,7 k €	-15.0%	19,6 k €	+99.6%	9,8 k €	-40.4%	16,5 k €	-42.4%	28,7 k €	+106%	13,9 k €	-36.9%	22,1 k €	-18.9%	27,2 k €	+35.2%	20,1 k €	+657%	2,7 k €
Balance sheet
Equity	251,9 k €	+7.2%	235 k €	+4.1%	225,8 k €	-13.7%	261,7 k €	-18.1%	319,5 k €	+23.0%	259,8 k €	+8.2%	240,2 k €	+4.3%	230,3 k €	+7.7%	213,8 k €	+15.5%	185,2 k €	+34.5%	137,7 k €	+19.1%	115,6 k €	+30.8%	88,4 k €	+29.5%	68,2 k €
Total assets	350,3 k €	+3.9%	337,1 k €	+23.4%	273,2 k €	-19.6%	339,8 k €	+3.7%	327,6 k €	+7.8%	303,9 k €	+9.2%	278,2 k €	-1.1%	281,4 k €	+2.5%	274,5 k €	+32.1%	207,9 k €	-15.8%	246,9 k €	+42.6%	173,1 k €	+21.9%	142 k €	+11.3%	127,6 k €
Cash	49,3 k €	-6.4%	52,7 k €	+291%	13,5 k €	-42.8%	23,6 k €	-7.1%	25,4 k €	+155%	10 k €	+68.8%	5,9 k €	-78.0%	26,8 k €	+429%	5,1 k €		–		–		–		–		–
Debts	98,4 k €	-3.6%	102,1 k €	+115%	47,5 k €	-39.2%	78,1 k €	+865%	8,1 k €	-81.6%	44,1 k €	+15.8%	38 k €	-25.6%	51,1 k €	-15.8%	60,7 k €	+167%	22,7 k €	-79.2%	109,2 k €	+89.9%	57,5 k €	+8.5%	53 k €	-10.3%	59 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Ludo Dierckx

Bestuurder · since 05 septembre 1991

Active

Ended mandates

Ludo Dierckx

Director · since 05 septembre 1991

Ended

Ludo Dierckx

Manager · since 05 septembre 1991

Ended

Daniëlle Wustefeld

Manager

Ended

Ludo Dierckx

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2026	26/08/2025	29/07/2024	18/09/2023	17/10/2022	12/10/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	15/06/2022	22/09/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	26/08/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	29/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	18/09/2023	Dutch	PDF
Micro model	31/12/2021	15/06/2022	17/10/2022	Dutch	PDF
Micro model	31/12/2020	22/09/2021	12/10/2021	Dutch	PDF
Micro model	31/12/2019	17/06/2020	22/09/2020	Dutch	PDF
Micro model	31/12/2018	19/06/2019	24/09/2019	Dutch	PDF
Micro model	31/12/2017	20/06/2018	18/09/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	17/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	03/02/2015	13/03/2015	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	20/06/2014	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	16/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	17/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	29/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Ludo Dierckx

Bestuurder · since 05 septembre 1991

Active

Ended mandates

Ludo Dierckx

Director · since 05 septembre 1991

Ended

Ludo Dierckx

Manager · since 05 septembre 1991

Ended

Daniëlle Wustefeld

Manager

Ended

Ludo Dierckx

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares12/03/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202566,9 k €↓
2024
Annual accounts 202471,7 k €↑
2023
Annual accounts 20235,4 k €↓
2022
Annual accounts 202214,3 k €↓
2021
Annual accounts 202116,7 k €↓
2016
Annual accounts 201619,6 k €↑
2015
Annual accounts 20159,8 k €↓
2014
Annual accounts 201416,5 k €↓
2013
Annual accounts 201328,7 k €↑
2012
Annual accounts 201213,9 k €↓
2009
Annual accounts 200922,1 k €↓
2008
Annual accounts 200827,2 k €↑
2007
Annual accounts 200720,1 k €↑
2006
Annual accounts 20062,7 k €
05/09/1991
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

REFIN

Overview

What does REFIN do?

Trend over 14 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline