ACTIVE

REFRACTORY PARTNERS

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Financial year 2025 · closed on 31/12/2025

Net result

154,4 k €

-18.2% YoY

Gross margin

714,4 k €

-13.0% YoY

Equity

1 M €

+17.9% YoY

Workforce

3,7 ETP

-11.9% YoY

What does REFRACTORY PARTNERS do?

REFRACTORY PARTNERS is a Public limited company incorporated in 1996. Its main activity is: Manufacture of refractory products. Its registered office is in Mons. It employs on average 3,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.826.430

Incorporation

19/09/1996

Legal form

Public limited company

Registered office

Route de Wallonie (G.) 1
7011 Mons · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

3,7 ETP

Activities (NACE)

23200Manufacture of refractory products· main 23200Manufacture of refractory products 26260Manufacture of computers and peripheral equipment 45250Maintenance and repair of motor vehicles 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.

Joint committees (4)

113
11303
200
218

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	714,4 k €	-13.0%	821,1 k €	-23.0%	1,1 M €	+37.1%	777,3 k €	+21.1%	641,6 k €	+13.4%	565,6 k €	+25.6%	450,2 k €	-30.3%	646,2 k €	+39.9%	461,9 k €	+4.8%	440,9 k €	-13.1%	507,1 k €	+4.5%	485,3 k €	-2.2%	496,2 k €	-34.9%	762,2 k €	+18.3%	644,6 k €	+8.8%	592,3 k €	+14.4%	517,9 k €	-8.0%	563,2 k €	+8.7%	518 k €	+11.8%	463,3 k €
EBITDA	231 k €	-37.7%	370,5 k €	-41.9%	638 k €	+74.8%	365 k €	+51.8%	240,4 k €	+4641%	5,1 k €	-19.7%	6,3 k €	-96.5%	180 k €	+223%	55,8 k €	-52.8%	118,1 k €	-32.7%	175,4 k €	+55.0%	113,2 k €	+56.7%	72,2 k €	-73.6%	274,1 k €	+114%	127,8 k €	+1.4%	126,1 k €	+69.0%	74,6 k €	-31.7%	109,2 k €	-10.6%	122,1 k €	+23.6%	98,8 k €
Operating result	262,5 k €	-18.8%	323,3 k €	-37.7%	519,1 k €	+55.2%	334,6 k €	+85.8%	180,1 k €	+342%	40,7 k €	+33.7%	30,5 k €	-31.3%	44,3 k €	-13.0%	51 k €	-44.6%	92 k €	-39.5%	151,9 k €	+75.7%	86,4 k €	+50.6%	57,4 k €	-75.0%	229,3 k €	+85.3%	123,8 k €	+3.5%	119,6 k €	+72.9%	69,2 k €	-37.7%	111 k €	-6.2%	118,3 k €	+42.0%	83,3 k €
Net result	154,4 k €	-18.2%	188,8 k €	-44.2%	338,1 k €	+47.0%	230,1 k €	+118%	105,3 k €	+3116%	-3,5 k €	+73.9%	-13,4 k €	-94.4%	-6,9 k €	-1705%	-381,4 €	-101%	41,4 k €	-33.7%	62,4 k €	+594%	-12,6 k €	-536%	-2 k €	-101%	159,3 k €	+921%	15,6 k €	+90.5%	8,2 k €	+5801%	138,7 €	-96.9%	4,5 k €	-59.3%	11 k €	+24.4%	8,9 k €
Balance sheet
Equity	1 M €	+17.9%	862,7 k €	+28.0%	673,9 k €	+101%	335,8 k €	+63.2%	205,7 k €	+28.3%	160,4 k €	-2.1%	163,9 k €	-7.6%	177,2 k €	-3.7%	184,1 k €	-0.2%	184,5 k €	+11.5%	165,5 k €	+8.8%	152,2 k €	-7.7%	164,8 k €	-1.2%	166,8 k €	+19.6%	139,5 k €	+12.6%	123,9 k €	+7.1%	115,7 k €	+0.1%	115,6 k €	+4.0%	111,1 k €	+11.0%	100,1 k €
Total assets	1,8 M €	-15.7%	2,1 M €	+19.2%	1,7 M €	-5.8%	1,9 M €	+33.2%	1,4 M €	-0.8%	1,4 M €	+26.7%	1,1 M €	-12.2%	1,3 M €	+1.5%	1,2 M €	+49.4%	832,4 k €	-16.3%	994,7 k €	-30.0%	1,4 M €	+15.8%	1,2 M €	-23.3%	1,6 M €	+27.7%	1,3 M €	-14.2%	1,5 M €	+13.8%	1,3 M €	-22.8%	1,7 M €	+29.3%	1,3 M €	+11.9%	1,1 M €
Cash	178,7 k €	-56.9%	415,1 k €	+873%	42,7 k €	-38.2%	69 k €	+37.4%	50,2 k €	+367%	10,8 k €	+175%	3,9 k €	-84.8%	25,8 k €	+134%	11 k €	-30.7%	15,9 k €	+30.6%	12,2 k €	-86.5%	90,4 k €	+487%	15,4 k €	-91.0%	171,8 k €	+75.8%	97,8 k €	+69.7%	57,6 k €	+573%	8,6 k €	-80.5%	44 k €	+89.3%	23,2 k €	+1638%	1,3 k €
Debts	690,8 k €	-39.2%	1,1 M €	+13.1%	1 M €	-32.6%	1,5 M €	+30.1%	1,1 M €	-7.6%	1,2 M €	+31.8%	940,7 k €	-13.2%	1,1 M €	+2.6%	1,1 M €	+63.2%	647,1 k €	-18.6%	795,4 k €	-35.4%	1,2 M €	+23.1%	1 M €	-26.1%	1,4 M €	+29.2%	1 M €	-15.2%	1,2 M €	+6.1%	1,2 M €	-22.8%	1,5 M €	+29.2%	1,2 M €	+12.3%	1 M €
Other
Workforce	3,7 ETP	-11.9%	4,2 ETP	+10.5%	3,8 ETP	0.0%	3,8 ETP	-20.8%	4,8 ETP	-7.7%	5,2 ETP	-11.9%	5,9 ETP	-1.7%	6,0 ETP	+7.1%	5,6 ETP	+12.0%	5,0 ETP	0.0%	5,0 ETP	-9.1%	5,5 ETP	-33.7%	8,3 ETP	-10.8%	9,3 ETP	0.0%	9,3 ETP	+2.2%	9,1 ETP	+1.1%	9,0 ETP	0.0%	9,0 ETP	+3.4%	8,7 ETP	+4.8%	8,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 35 ended

Active mandates

REFRACTAIRES SERGE FONTAINE

Managing director · 0545.822.958

Represented by Serge Fontaine

Active

Stéphane Fontaine

administrateur

Active

Ended mandates

REFRACTAIRES SERGE FONTAINE

Managing director · since 15 mai 2022 · 0545.822.958

Represented by Serge Fontaine

Ended

ENETEC

administrateur · since 15 mai 2020 · until 19 mai 2023 · 0547.977.546

Represented by Dominique Dejean

Ended

ENETEC

Director · since 15 mai 2020 · until 19 mai 2023 · 0547.977.546

Represented by DOMINIQUE DEJEAN

Ended

ENETEC

Director · since 15 mai 2020 · 0547.977.546

Represented by Dominique DEJEAN

Ended

At this address

Other companies at this address

Company	CBE no.
REFRACTAIRES et TRAVAUX● Active	0464.209.633
UNITE TVA REFRACTAIRES GHLIN● Active	0730.650.718

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	26/05/2026	21/05/2025	10/06/2024	28/06/2023	22/06/2022	17/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	15/05/2021
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
Abridged model	31/12/2025	15/05/2026	26/05/2026	French	PDF
Abridged model	31/12/2024	16/05/2025	21/05/2025	French	PDF
Abridged model	31/12/2023	17/05/2024	10/06/2024	French	PDF
Abridged model	31/12/2022	19/05/2023	28/06/2023	French	PDF
Abridged model	31/12/2021	20/05/2022	22/06/2022	French	PDF
Abridged model	31/12/2020	15/05/2021	17/06/2021	French	PDF
Abridged model	31/12/2019	15/05/2020	11/06/2020	French	PDF
Abridged model	31/12/2018	17/05/2019	17/06/2019	French	PDF
Abridged model	31/12/2017	18/05/2018	21/08/2018	French	PDF
Abridged model	31/12/2016	19/05/2017	28/06/2017	French	PDF
Abridged model	31/12/2015	31/05/2016	06/07/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	23/06/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	11/06/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	16/06/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	16/06/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	11/06/2009	French	PDF
Abridged model	31/12/2007	15/05/2008	17/06/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	20/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 35 ended

Active mandates

REFRACTAIRES SERGE FONTAINE

Managing director · 0545.822.958

Represented by Serge Fontaine

Active

Stéphane Fontaine

administrateur

Active

Ended mandates

REFRACTAIRES SERGE FONTAINE

Managing director · since 15 mai 2022 · 0545.822.958

Represented by Serge Fontaine

Ended

ENETEC

administrateur · since 15 mai 2020 · until 19 mai 2023 · 0547.977.546

Represented by Dominique Dejean

Ended

ENETEC

Director · since 15 mai 2020 · until 19 mai 2023 · 0547.977.546

Represented by DOMINIQUE DEJEAN

Ended

ENETEC

Director · since 15 mai 2020 · 0547.977.546

Represented by Dominique DEJEAN

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2023
DEMISSIONS, NOMINATIONS
PDF
Other22/07/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/06/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office21/06/2019
SIEGE SOCIAL
PDF
Mandates24/12/2018
DEMISSIONS, NOMINATIONS
PDF
Restructuring05/08/2014
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring05/05/2014
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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 2025154,4 k €↓
2024
Annual accounts 2024188,8 k €↓
2023
Annual accounts 2023338,1 k €↑
2022
Annual accounts 2022230,1 k €↑
2021
Annual accounts 2021105,3 k €↑
2020
Annual accounts 2020-3,5 k €↑
2019
Annual accounts 2019-13,4 k €↓
2018
Annual accounts 2018-6,9 k €↓
2017
Annual accounts 2017-381,4 €↓
2016
Annual accounts 201641,4 k €↓
2015
Annual accounts 201562,4 k €↑
2014
Annual accounts 2014-12,6 k €↓
2013
Annual accounts 2013-2 k €↓
2012
Annual accounts 2012159,3 k €↑
2011
Annual accounts 201115,6 k €↑
2010
Annual accounts 20108,2 k €↑
2009
Annual accounts 2009138,7 €↓
2008
Annual accounts 20084,5 k €↓
2007
Annual accounts 200711 k €↑
2006
Annual accounts 20068,9 k €
19/09/1996
IncorporationPublic limited company

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

REFRACTORY PARTNERS

Overview

What does REFRACTORY PARTNERS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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

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