ACTIVE

NEFRECO

Financial year 2025 · Closed on 31/12/2025

Net result489,1 k €-45,1 %over 1 year

Gross margin132,8 k €-3,9 %over 1 year

Equity4,1 M €+13,4 %over 1 year

Identity

Source · BCE/KBO

NEFRECO is a Public limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Waregem.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0478.768.937
Incorporation: 13/11/2002
Legal form: Public limited company
Registered office: Vredestraat 49 box 1
8790 Waregem · FlandreSee on map
Contributed capital: 461 500,00 €
Latest accounts: 31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 7 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	132,8 k €	-3.9%	138,2 k €	+7.0%	129,1 k €	-11.7%	146,2 k €	+30.8%	111,8 k €
EBITDA	122,3 k €	-4.4%	127,9 k €	+7.3%	119,2 k €	-12.8%	136,7 k €	+32.9%	102,8 k €
Operating result	66,6 k €	-8.2%	72,6 k €	+13.6%	63,9 k €	-21.4%	81,3 k €	+71.3%	47,5 k €
Net result	489,1 k €	-45.1%	890,4 k €	-13.8%	1 M €	-20.4%	1,3 M €	+44.7%	896,6 k €
Balance sheet
Equity	4,1 M €	+13.4%	3,7 M €	+13.7%	3,2 M €	+11.6%	2,9 M €	+16.0%	2,5 M €
Total assets	4,9 M €	-1.4%	5 M €	-14.2%	5,8 M €	+14.0%	5,1 M €	-24.8%	6,7 M €
Cash	14,5 k €	-54.5%	31,9 k €	-32.0%	46,9 k €	+46.7%	32 k €	-98.0%	1,6 M €
Debts	755,2 k €	-42.5%	1,3 M €	-48.9%	2,6 M €	+17.2%	2,2 M €	-48.5%	4,3 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BALUHOLD0716.656.190Represented by Frederik Constandt	Managing directorsince 30/01/2019Director30/01/2019 → 2019 accountsended
SUFINA0436.303.030Represented by Jochen Moortgat	Directorsince 30/01/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sufina Management nv0842.129.254Represented by Jochen Moortgat	Director30/01/2019 → 2019 accounts

Other companies at this address

Vredestraat 49 8790 Waregem

Company	CBE no.
ABRIM● Active	0458.304.511
Astrix● Active	0432.308.313
BALUHOLD● Active	0716.656.190
BLUECAP HOLDING● Active	0880.427.032
Damaco Foods Belgium● Active	1016.023.530
Deelvereniging van mede-eigenaars Waregem Business Park Gebouw A● Active	0655.985.561
DG²● Active	0699.791.751
EDEN DEVELOPMENTS● Active	0895.025.829
Pintohold● Active	0808.063.745
SUFINA● Active	0436.303.030
SUKAF● Active	0452.681.974

Full financial information

Source · NBB

	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	24/06/2026	30/06/2025	01/07/2024	25/08/2023	05/08/2022	27/07/2021
General meeting	05/06/2026	06/06/2025	14/06/2024	02/06/2023	03/06/2022	05/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 7 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	24/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	25/08/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	05/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	27/07/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	10/07/2020	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BALUHOLD0716.656.190Represented by Frederik Constandt	Managing directorsince 30/01/2019Director30/01/2019 → 2019 accountsended
SUFINA0436.303.030Represented by Jochen Moortgat	Directorsince 30/01/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sufina Management nv0842.129.254Represented by Jochen Moortgat	Director30/01/2019 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring28/01/2022
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/11/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates22/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/07/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/02/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2019
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares15/09/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares16/07/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings7 filings

Mandates

SUFINA

BALUHOLD

Sufina Management nv

2002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

NEFRECO

Vredestraat 49 bte 1, 8790 Waregem

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Vredestraat 49 bte 1, 8790 WaregemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00206362

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
NEFRECOCurrent	accounts 2019 → 2025	Accounts 2025 · 2026-00206362

Events

2025
Annual accounts 2025489,1 k €↓
2024
Annual accounts 2024890,4 k €↓
2023
Annual accounts 20231 M €↓
2022
Annual accounts 20221,3 M €↑
2021
Annual accounts 2021896,6 k €↑
2020
Annual accounts 2020363,3 k €↓
2019
Annual accounts 2019393,2 k €
13/11/2002
IncorporationPublic limited company

NEFRECO

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events