ACTIVE

REFAT-ELECTRIC

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Financial year 2025 · closed on 31/12/2025

Net result

8,8 k €

-51.8% YoY

Gross margin

14,3 k €

-48.2% YoY

Equity

40,9 k €

-58.7% YoY

What does REFAT-ELECTRIC do?

REFAT-ELECTRIC is a Private limited company incorporated in 2000. Its main activity is: Production of electricity. Its registered office is in Malmedy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0470.365.866

Incorporation

02/02/2000

Legal form

Private limited company

Registered office

Baugnez-Route de Waimes 93
4960 Malmedy · WallonieSee on map

Contributed capital

27 375,00 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 40110Production d'électricité

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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	14,3 k €	-48.2%	27,7 k €	+22.6%	22,6 k €	-16.0%	26,9 k €	+7.8%	24,9 k €	+1678%	1,4 k €	-89.4%	13,3 k €	+0.1%	13,3 k €	-37.6%	21,2 k €	-16.3%	25,4 k €	-10.7%	28,4 k €	+95.3%	14,6 k €	-44.0%	26 k €	-27.7%	36 k €	+85.2%	19,4 k €	-56.6%	44,8 k €	-7.6%	48,5 k €	-40.1%	80,9 k €	+20.4%	67,2 k €	-2.0%	68,6 k €
EBITDA	12 k €	-52.8%	25,4 k €	+24.8%	20,4 k €	-17.8%	24,8 k €	+86.4%	13,3 k €	+3244%	-423 €	-104%	10,9 k €	-0.0%	10,9 k €	-42.2%	18,9 k €	-18.0%	23 k €	-11.8%	26,1 k €	+113%	12,2 k €	-48.4%	23,7 k €	-29.8%	33,8 k €	+95.8%	17,2 k €	-59.3%	42,3 k €	-9.3%	46,6 k €	-41.3%	79,4 k €	+20.8%	65,7 k €	-2.1%	67,1 k €
Operating result	12 k €	-51.0%	24,5 k €	+34.0%	18,3 k €	-19.4%	22,7 k €	+103%	11,2 k €	+465%	-3,1 k €	-138%	8,1 k €	-3.8%	8,5 k €	-46.8%	15,9 k €	+21.4%	13,1 k €	-7.6%	14,2 k €	+416%	-4,5 k €	-174%	6,1 k €	-60.3%	15,3 k €	+280%	4 k €	-88.1%	33,7 k €	-3.0%	34,8 k €	-37.4%	55,6 k €	+16.1%	47,9 k €	-10.4%	53,4 k €
Net result	8,8 k €	-51.8%	18,3 k €	+34.2%	13,6 k €	-19.1%	16,8 k €	+105%	8,2 k €	+352%	-3,3 k €	-162%	5,3 k €	-1.4%	5,4 k €	-46.2%	10 k €	-0.9%	10,1 k €	-4.4%	10,5 k €	+333%	-4,5 k €	-175%	6 k €	-57.7%	14,2 k €	+145%	5,8 k €	-78.4%	26,8 k €	+3.1%	26 k €	-36.1%	40,7 k €	+17.3%	34,7 k €	-6.9%	37,3 k €
Balance sheet
Equity	40,9 k €	-58.7%	99 k €	+22.7%	80,7 k €	+11.4%	72,5 k €	+9.9%	65,9 k €	-67.6%	203,7 k €	-8.4%	222,4 k €	+2.4%	217,1 k €	+2.5%	211,7 k €	+4.9%	201,7 k €	+5.3%	191,7 k €	+5.8%	181,1 k €	-2.4%	185,6 k €	-29.6%	263,6 k €	+5.7%	249,4 k €	+2.4%	243,6 k €	+12.4%	216,7 k €	+13.7%	190,7 k €	+27.1%	150 k €	+30.1%	115,3 k €
Total assets	115,8 k €	+8.7%	106,6 k €	+16.5%	91,5 k €	-17.3%	110,6 k €	+15.7%	95,6 k €	-56.7%	220,6 k €	-2.5%	226,1 k €	+3.6%	218,2 k €	+0.1%	218,1 k €	+5.8%	206,1 k €	+3.6%	198,9 k €	+3.5%	192,2 k €	-2.3%	196,7 k €	-28.7%	275,7 k €	+3.6%	266 k €	+6.6%	249,7 k €	+6.6%	234,2 k €	+13.5%	206,4 k €	+13.9%	181,3 k €	-0.1%	181,5 k €
Cash	72,9 k €	+17.9%	61,8 k €	+58.8%	38,9 k €	-33.4%	58,5 k €	+83.3%	31,9 k €	-81.7%	174,6 k €	-1.3%	176,9 k €	+3.4%	171,1 k €	+12.1%	152,7 k €	+2.9%	148,4 k €	+15.1%	128,9 k €	+40.6%	91,7 k €	+5.3%	87,1 k €	-41.4%	148,6 k €	-7.9%	161,4 k €	+19.7%	134,9 k €	+3.8%	129,9 k €	+105%	63,2 k €	+26.0%	50,2 k €	-29.7%	71,4 k €
Debts	74,9 k €	+890%	7,6 k €	-29.5%	10,7 k €	-71.8%	38,1 k €	+28.5%	29,7 k €	+75.8%	16,9 k €	+354%	3,7 k €	+236%	1,1 k €	-82.5%	6,3 k €	+46.7%	4,3 k €	-40.2%	7,2 k €	-34.3%	11 k €	-0.2%	11 k €	-8.2%	12 k €	-23.0%	15,6 k €	+262%	4,3 k €	-72.6%	15,7 k €	+12.1%	14 k €	-55.2%	31,3 k €	-52.7%	66,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

CENTRALES GAMBY

Director · since 15 septembre 2023 · 0455.457.857

Represented by Alexandre Gamby

Active

Ended mandates

Manfred BERGMANS

Director · since 24 janvier 2000 · until 15 septembre 2023

Ended

Manfred BERGMANS

Director · since 24 janvier 2000

Ended

Manfred BERGMANS

Manager · since 24 janvier 2000

Ended

Manfred BERGMANS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CENTRALES GAMBY● Active	0455.457.857

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	23/06/2026	11/06/2025	18/06/2024	11/05/2023	28/06/2022	16/06/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	28/04/2023	14/06/2022	08/06/2021
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	09/06/2026	23/06/2026	French	PDF
Micro model	31/12/2024	10/06/2025	11/06/2025	French	PDF
Micro model	31/12/2023	11/06/2024	18/06/2024	French	PDF
Micro model	31/12/2022	28/04/2023	11/05/2023	French	PDF
Micro model	31/12/2021	14/06/2022	28/06/2022	French	PDF
Micro model	31/12/2020	08/06/2021	16/06/2021	French	PDF
Micro model	31/12/2019	09/06/2020	18/06/2020	French	PDF
Micro model	31/12/2018	11/06/2019	19/06/2019	French	PDF
Micro model	31/12/2017	12/06/2018	21/06/2018	French	PDF
Micro model	31/12/2016	13/06/2017	21/06/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	24/06/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	10/06/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	12/06/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	14/06/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	14/06/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	16/06/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	10/06/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	11/06/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	26/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 4 ended

Active mandates

CENTRALES GAMBY

Director · since 15 septembre 2023 · 0455.457.857

Represented by Alexandre Gamby

Active

Ended mandates

Manfred BERGMANS

Director · since 24 janvier 2000 · until 15 septembre 2023

Ended

Manfred BERGMANS

Director · since 24 janvier 2000

Ended

Manfred BERGMANS

Manager · since 24 janvier 2000

Ended

Manfred BERGMANS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/10/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2021
MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares24/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 20258,8 k €↓
2024
Annual accounts 202418,3 k €↑
2023
Annual accounts 202313,6 k €↓
2022
Annual accounts 202216,8 k €↑
2021
Annual accounts 20218,2 k €↑
2020
Annual accounts 2020-3,3 k €↓
2019
Annual accounts 20195,3 k €↓
2018
Annual accounts 20185,4 k €↓
2017
Annual accounts 201710 k €↓
2016
Annual accounts 201610,1 k €↓
2015
Annual accounts 201510,5 k €↑
2014
Annual accounts 2014-4,5 k €↓
2013
Annual accounts 20136 k €↓
2012
Annual accounts 201214,2 k €↑
2011
Annual accounts 20115,8 k €↓
2010
Annual accounts 201026,8 k €↑
2009
Annual accounts 200926 k €↓
2008
Annual accounts 200840,7 k €↑
2007
Annual accounts 200734,7 k €↓
2006
Annual accounts 200637,3 k €
02/02/2000
IncorporationPrivate 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

REFAT-ELECTRIC

Overview

What does REFAT-ELECTRIC 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

Timeline