ACTIVE

REFACTOR

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Financial year 2025 · closed on 31/12/2025
Net result
65,7 k €
+95.0% YoY
Gross margin
178,5 k €
+40.1% YoY
Equity
151,9 k €
+76.2% YoY

What does REFACTOR do?

REFACTOR is a Private limited company incorporated in 2017. Its main activity is: Computer programming activities. Its registered office is in Hoegaarden.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0670.943.852
Incorporation
10/02/2017
Legal form
Private limited company
Registered office
Sint-Niklaasstraat 61
3321 Hoegaarden · FlandreSee on map
Contributed capital
10 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
62010Computer programming activities· main62020Computer consultancy activities62100Computer programming, consultancy and related activities62200Computer programming, consultancy and related activities62020Computer consultancy activities62090Other information technology and computer service activities+4
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin178,5 k €127,4 k €98,7 k €80 k €91,3 k €
EBITDA106,9 k €58,6 k €29,7 k €17,5 k €7,1 k €
Operating result97,3 k €49,5 k €24 k €13,2 k €2,5 k €
Net result65,7 k €33,7 k €15,5 k €7,7 k €1,1 k €
Balance sheet
Equity151,9 k €86,2 k €52,5 k €37 k €29,4 k €
Total assets189,2 k €109,6 k €73,5 k €94,2 k €59,8 k €
Cash106,2 k €36 k €21,1 k €67,1 k €31 k €
Debts37,2 k €23,4 k €21 k €57,1 k €25,9 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 · 2 active · 5 ended

Active mandates

Sander Fourie

Director · since 08 février 2017

Active
Bruno Kelchtermans

Director

Active

Ended mandates

Bruno Kelchtermans

Bestuurder · since 08 février 2017

Ended
Bruno Kelchtermans

Director · since 08 février 2017

Ended
Bruno Kelchtermans

Manager · since 08 février 2017

Ended
Sander Fourie

Bestuurder · since 08 février 2017

Ended
At this address

Other companies at this address

CompanyCBE no.
FATUM● Active
0690.540.723
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/07/202609/07/202511/07/202424/07/202331/08/202210/08/2021
General meeting20/06/202623/06/202515/06/202417/06/202318/06/202219/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202520/06/202623/07/2026DutchPDF
Micro model31/12/202423/06/202509/07/2025DutchPDF
Micro model31/12/202315/06/202411/07/2024DutchPDF
Micro model31/12/202217/06/202324/07/2023DutchPDF
Micro model31/12/202118/06/202231/08/2022DutchPDF
Micro model31/12/202019/06/202110/08/2021DutchPDF
Micro model31/12/201920/06/202031/07/2020DutchPDF
Micro model31/12/201815/06/201923/08/2019DutchPDF
Micro model31/12/201716/06/201816/08/2018DutchPDF
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 · 2 active · 5 ended

Active mandates

Sander Fourie

Director · since 08 février 2017

Active
Bruno Kelchtermans

Director

Active

Ended mandates

Bruno Kelchtermans

Bestuurder · since 08 février 2017

Ended
Bruno Kelchtermans

Director · since 08 février 2017

Ended
Bruno Kelchtermans

Manager · since 08 février 2017

Ended
Sander Fourie

Bestuurder · since 08 février 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/02/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202565,7 k €↑
  2. 2024
    Annual accounts 202433,7 k €↑
  3. 2023
    Annual accounts 202315,5 k €↑
  4. 2022
    Annual accounts 20227,7 k €↑
  5. 2021
    Annual accounts 20211,1 k €
  6. 10/02/2017
    IncorporationPrivate limited company