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ITREFLEX

Active
Private limited companyfounded 2003active for 23 yearsBogaardestraat 230B, 9990 Maldegem, BelgiumKBO/BCE: BE 0479.768.532
Summary

ITREFLEX has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €371,760 and a net result of €125,344. Equity is growing by about 40% per year across the filed financial years. Its solvency ranks better than 35% of 21,059 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Computer programming
NACE 62100Computer consultancy and computer facilities management NACE 62200
9th oldest company in Maldegem, Telecoms and IT sector2 sites
Size
€878,332total assets 2025
Staff
2.1 FTE
Equity
€371,760
Profit
€125,344
Turnover not published (abbreviated or micro format)
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 17 days early1 of 3 deeds read
Why 90raises risk2 of the last 3 late2 establishment unitslowers riskSize: total assets €878,332Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 38% of its sector peers (NACE 62, micro)
Financial strength · tick = 2024
Strong
Solvency 67-4
equity 42.3% of total assets
Liquidity 51-15
short-term debt 29.7% · cash 10.5%
Profitability 87=
return on assets 14.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,871 companies, NACE 62, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.5%▲ +0.1 percentage points vs 08-2025highest value 10-2025: 0.1%▼ -0.4 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.94, compared with 1.8 in 2024, below 1; short-term debt: 29.7% and cash: 10.5% of total assets), and 57.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 37% on solvency, 31% on liquidity, 49% on profitability and 33% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · 2 of the last 3 late
NBB · filings
lowers risk · Size: total assets €878,332
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · 2 establishment units
KBO · seat and establishments
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 days early
2024
57 days late
2023
70 days late
2022
5 days early
2021
9 days late
2020
89 days late
2019
74 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 40 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 August (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2018 to 2025net €125,344 ▲0.9%
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

Equity
€371,760▼ 6.6%
2024 · €398,146
Total assets
€878,332▲ 2.2%
2024 · €859,190
Net result
€125,344▲ 0.9%
2024 · €124,247
Working capital
-€16,384
2024 · €135,487
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 2% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€188,337 2025 Net result€125,344 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€8,879-€23,232▲ 162%€104,090▲ 348%€21,298▼ 79.5%€105,711▲ 396%€141,737▲ 34.1%€193,041▲ 36.2%€188,337▼ 2.4%
Net result-€4,169-€6,634€65,688above the sector's middle half▲ 890%€8,741within the sector's middle half▼ 86.7%€65,110above the sector's middle half▲ 645%€95,116within the sector's middle half▲ 46.1%€124,247above the sector's middle half▲ 30.6%€125,344above the sector's middle half▲ 0.9%
Equity€52,411-€59,045▲ 12.7%€124,733within the sector's middle half▲ 111%€133,474within the sector's middle half▲ 7.0%€198,584above the sector's middle half▲ 48.8%€281,902within the sector's middle half▲ 42.0%€398,146above the sector's middle half▲ 41.2%€371,760above the sector's middle half▼ 6.6%
Total assets€459,157-€415,049▼ 9.6%€566,451above the sector's middle half▲ 36.5%€824,838above the sector's middle half▲ 45.6%€969,826above the sector's middle half▲ 17.6%€866,056within the sector's middle half▼ 10.7%€859,190above the sector's middle half▼ 0.8%€878,332above the sector's middle half▲ 2.2%
Debt€378,895-€328,852▼ 13.2%€436,238▲ 32.7%€684,570▲ 56.9%€748,476▲ 9.3%€572,014▼ 23.6%€450,771▼ 21.2%€498,225▲ 10.5%
Working capital-€30,803-€7,888€36,416within the sector's middle half▲ 362%€2,312below the sector's middle half▼ 93.7%€31,727within the sector's middle half▲ 1,272%€96,698within the sector's middle half▲ 205%€135,487above the sector's middle half▲ 40.1%-€16,384below the sector's middle half
Solvency11.4%-14.2%▲ 2.8pp22.0%below the sector's middle half▲ 7.8pp16.2%below the sector's middle half▼ 5.8pp20.5%below the sector's middle half▲ 4.3pp32.6%within the sector's middle half▲ 12.1pp46.3%within the sector's middle half▲ 13.8pp42.3%within the sector's middle half▼ 4.0pp
Current ratio0.74-1.08▲ 0.341.19below the sector's middle half▲ 0.101.01below the sector's middle half▼ 0.181.10below the sector's middle half▲ 0.091.49within the sector's middle half▲ 0.391.80within the sector's middle half▲ 0.320.94below the sector's middle half▼ 0.87
Return on assets (ROA)-0.9%-1.6%▲ 2.5pp11.6%within the sector's middle half▲ 10.0pp1.1%below the sector's middle half▼ 10.5pp6.7%within the sector's middle half▲ 5.7pp11.0%within the sector's middle half▲ 4.3pp14.5%within the sector's middle half▲ 3.5pp14.3%within the sector's middle half▼ 0.2pp
Staff (FTE)2.2-2.3▲ 4.5%1.8within the sector's middle half▼ 21.7%3.1▲ 72.2%3.2▲ 3.2%2.8within the sector's middle half▼ 12.5%3▲ 7.1%2.1▼ 30.0%
above within below the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €878,332
Fixed assets €633,426 ▲ 14.1%
Current assets €244,906 ▼ 19.4%
Equity and liabilities €878,332
Equity €371,760 ▼ 6.6%
Provisions €8,347 ▼ 18.7%
Debt €498,225 ▲ 10.5%
Debt's share of the balance-sheet total rises from 52.5% to 56.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€277,737▲
2024 · €274,659
Cash flow
€214,745▲
2024 · €205,865
Quick ratio
0.44▼
2024 · 1.09
Debt to equity
1.34▲
2024 · 1.13
ROE
33.7%▲
2024 · 31.2%
Interest coverage
31.64▲
2024 · 30.65
Debt ≤ 1 year
€261,290▲
2024 · €168,542
Debt > 1 year
€236,935▼
2024 · €278,930
Income taxes
€57,567▼
2024 · €62,366
Staff costs
€141,437▼
2024 · €141,661
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,372 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet Code20242025
Assets
Total assets20/58€859,190€878,332▲
Fixed assets21/28€555,162€633,426▲
Tangible fixed assets22/27€555,137€633,401▲
Land and buildings22€362,827€337,948▼
Plant, machinery and equipment23€27,011€18,070▼
Furniture and vehicles24€165,298€277,383▲
Financial fixed assets28€25€25=
Current assets29/58€304,028€244,906▼
Stocks and contracts in progress3€119,844€129,965▲
Stocks30/36€119,844€129,965▲
Amounts receivable within one year40/41€30,336€22,308▼
Trade receivables40€30,336€17,601▼
Other amounts receivable41-€4,707
Cash at bank and in hand54/58€153,573€92,358▼
Deferred charges and accrued income490/1€275€275=
Equity and liabilities
Total equity and liabilities10/49€859,190€878,332▲
Equity10/15€398,146€371,760▼
Contributions10/11€11,120€120▼
Reserves13€387,026€371,640▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€44,736€37,034▼
Distributable reserves133€342,289€334,606▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€10,273€8,347▼
Deferred taxes168€10,273€8,347▼
Amounts payable17/49€450,771€498,225▲
Amounts payable after more than one year17€278,930€236,935▼
Financial debts170/4€278,930€236,935▼
Amounts payable within one year42/48€168,542€261,290▲
Current portion of amounts payable after more than one year42€94,580€94,079▼
Trade debts44€9,406€60,729▲
Suppliers440/4€9,406€60,729▲
Advances received on contracts in progress46€15,166€9,600▼
Taxes, remuneration and social security45€41,382€27,591▼
Taxes450/3€27,587€2,198▼
Remuneration and social security454/9€13,795€25,392▲
Other amounts payable47/48€8,008€69,292▲
Accrued charges and deferred income492/3€3,300€0▼
Income statement Code20242025
Non-recurring operating income76A€21,089€30,540▲
Remuneration, social security and pensions62€141,661€141,437▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81,617€89,400▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€5,109€5,319▲
Non-recurring operating charges66A€0-
Gross operating margin9900€421,429€424,493▲
Operating profit (loss)9901€193,041€188,337▼
Financial income75/76B€667€1,427▲
Recurring financial income75€667€1,427▲
Financial charges65/66B€8,961€8,778▼
Recurring financial charges65€8,961€8,778▼
Profit (loss) for the period before taxes9903€184,747€180,986▼
Transfer from deferred taxes780€1,867€1,926▲
Transfer to deferred taxes680€0-
Income taxes67/77€62,366€57,567▼
Profit (loss) for the period9904€124,247€125,344▲
Transfer from tax-exempt reserves789€7,467€7,702▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€131,715€133,047▲
Appropriation of the result
Profit (loss) to be appropriated9906€131,715€133,047▲
Transfer from equity791/2€8,004€140,731▲
Transfer to equity691/2€131,715€133,047▲
To other reserves6921€131,715€133,047▲
Profit to be distributed694/7€8,004€140,731▲
Return on contributions (dividend)694€8,004€140,731▲

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€11,000-€36,450€21,089€30,540▲ 44.8%
Remuneration, social security and pensions62---€125,626€132,192€141,476€141,661€141,437▼ 0.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66,716€59,359€59,171€101,320€78,706€84,315€81,617€89,400▲ 9.5%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€16,945-€16,945€0--
Other operating charges640/8---€3,910€4,483€5,046€5,109€5,319▲ 4.1%
Non-recurring operating charges66A-----€9,945€0--
Gross operating margin9900€167,428€172,139€233,382€252,154€338,037€365,574€421,429€424,493▲ 0.7%
Operating profit (loss)9901€8,879€23,232€104,090€21,298€105,711€141,737€193,041€188,337▼ 2.4%
Financial income75/76B---€6€159€0€667€1,427▲ 114%
Recurring financial income75€11€1,021€1€6€159€0€667€1,427▲ 114%
Financial charges65/66B---€9,901€10,052€11,997€8,961€8,778▼ 2.0%
Recurring financial charges65€10,146€10,326€9,578€9,901€10,052€11,997€8,961€8,778▼ 2.0%
Profit (loss) for the period before taxes9903-€1,256€13,926€94,513€11,404€95,818€129,741€184,747€180,986▼ 2.0%
Transfer from deferred taxes780---€887€972€972€1,867€1,926▲ 3.1%
Transfer to deferred taxes680---€2,200-€7,290€0--
Income taxes67/77€3,671€7,992€29,464€1,349€31,680€28,306€62,366€57,567▼ 7.7%
Profit (loss) for the period9904-€4,169€6,634€65,688€8,741€65,110€95,116€124,247€125,344▲ 0.9%
Transfer from tax-exempt reserves789---€3,546€3,888€3,888€7,467€7,702▲ 3.1%
Transfer to tax-exempt reserves689---€8,800-€29,160€0--
Profit (loss) for the period to be appropriated9905-€1,465€9,054€68,245€3,488€68,998€69,844€131,715€133,047▲ 1.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€459,157€415,049€566,451€824,838€969,826€866,056€859,190€878,332▲ 2.2%
Fixed assets21/28€370,460€313,483€334,795€584,425€619,713€570,854€555,162€633,426▲ 14.1%
Tangible fixed assets22/27€370,435€313,458€334,770€584,400€619,688€570,829€555,137€633,401▲ 14.1%
Land and buildings22---€411,863€396,212€384,070€362,827€337,948▼ 6.9%
Plant, machinery and equipment23---€8,589€26,922€25,512€27,011€18,070▼ 33.1%
Furniture and vehicles24---€163,949€196,554€161,247€165,298€277,383▲ 67.8%
Financial fixed assets28€25€25€25€25€25€25€25€25=
Current assets29/58€88,698€101,566€231,656€240,412€350,114€295,203€304,028€244,906▼ 19.4%
Stocks and contracts in progress3€36,866€34,307€31,955€86,542€147,708€102,500€119,844€129,965▲ 8.4%
Stocks30/36---€86,542€147,708€102,500€119,844€129,965▲ 8.4%
Amounts receivable within one year40/41€49,829€23,796€62,287€87,977€132,822€36,880€30,336€22,308▼ 26.5%
Trade receivables40---€69,326€132,822€36,880€30,336€17,601▼ 42.0%
Other amounts receivable41---€18,651---€4,707-
Cash at bank and in hand54/58€2,002€43,463€131,692€58,407€68,695€155,822€153,573€92,358▼ 39.9%
Deferred charges and accrued income490/1---€7,486€888-€275€275=
Equity and liabilities
Total equity and liabilities10/49€459,157€415,049€566,451€824,838€969,826€866,056€859,190€878,332▲ 2.2%
Equity10/15€52,411€59,045€124,733€133,474€198,584€281,902€398,146€371,760▼ 6.6%
Contributions10/11€11,120€11,120-€11,120€11,120€11,120€11,120€120▼ 98.9%
Reserves13€42,756€47,925€113,613€122,354€187,464€270,782€387,026€371,640▼ 4.0%
Non-distributable reserves130/1---€1,005€1,005€415€0--
Reserves not available under the articles1311---€1,005€1,005€415€0--
Tax-exempt reserves132---€30,820€26,932€52,204€44,736€37,034▼ 17.2%
Distributable reserves133---€90,529€159,527€218,163€342,289€334,606▼ 2.2%
Profit (loss) carried forward14-€1,465--€1,465---€0€0-
Provisions and deferred taxes16€27,851€27,151€5,480€6,794€22,767€12,140€10,273€8,347▼ 18.7%
Provisions for liabilities and charges160/5----€16,945----
Other liabilities and charges164/5----€16,945----
Deferred taxes168---€6,794€5,822€12,140€10,273€8,347▼ 18.7%
Amounts payable17/49€378,895€328,852€436,238€684,570€748,476€572,014€450,771€498,225▲ 10.5%
Amounts payable after more than one year17€259,394€234,899€240,998€446,470€429,339€373,509€278,930€236,935▼ 15.1%
Financial debts170/4---€446,470€429,339€373,509€278,930€236,935▼ 15.1%
Amounts payable within one year42/48€119,501€93,678€195,240€238,100€318,387€198,505€168,542€261,290▲ 55.0%
Current portion of amounts payable after more than one year42---€85,553€98,464€98,378€94,580€94,079▼ 0.5%
Trade debts44€37,720€9,401€30,916€57,712€20,733€8,032€9,406€60,729▲ 546%
Suppliers440/4---€57,712€20,733€8,032€9,406€60,729▲ 546%
Advances received on contracts in progress46----€114,460€11,704€15,166€9,600▼ 36.7%
Taxes, remuneration and social security45---€54,927€59,625€44,700€41,382€27,591▼ 33.3%
Taxes450/3---€29,717€37,012€25,386€27,587€2,198▼ 92.0%
Remuneration and social security454/9---€25,210€22,613€19,314€13,795€25,392▲ 84.1%
Other amounts payable47/48---€39,908€25,104€35,690€8,008€69,292▲ 765%
Accrued charges and deferred income492/3----€750-€3,300€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€4,169€6,634€65,688€8,741€65,110€95,116€124,247€125,344▲ 0.9%
+ Depreciation and write-downs630€66,716€59,359€59,171€101,320€78,706€84,315€81,617€89,400▲ 9.5%
Operating cash flow (approximation)€62,547€65,993€124,859€110,061€143,816€179,431€205,865€214,745▲ 4.3%
Investment in fixed assets (approximation)--€2,382-€80,483-€350,950-€113,994-€35,455-€65,926-€167,664▼ 154%
Change in cash-€41,461€88,229-€73,285€10,288€87,127-€2,249-€61,215▼ 2,622%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 14-07-2026 2026-00288784
31-12-2024 micro format 26-09-2025 2025-00513591
31-12-2023 abbreviated format 09-10-2024 2024-00502647
31-12-2022 micro format 26-07-2023 2023-00275469
31-12-2021 micro format 09-08-2022 2022-20278245
31-12-2020 micro format 28-10-2021 2021-74500101
31-12-2019 micro format 13-10-2020 2020-61300308
31-12-2018 micro format 26-09-2019 2019-67600597
31-12-2017 micro format 27-09-2018 2018-66600117
31-12-2016 micro format 21-09-2017 2017-62100103

Show all 18 filings

Similar companies · same sector, comparable size

Of the 16,989 active companies whose main activity is computer programming (NACE 62100), figures are known for 8,925. 5,989 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, last change in 2024
Cédric VANRAFELGHEM
Director (not named in the articles)
Current
Patrick VANRAFELGHEM
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 3 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2024, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Cédric VANRAFELGHEM
  • Manager, until 04-04-2024
  • Director (not named in the articles), since before 04-04-2024
Patrick VANRAFELGHEM
  • Manager, until 04-04-2024
  • Director (not named in the articles), since before 04-04-2024
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 04-04-2024 Converted to unavailable equity

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

ITREFLEX was incorporated on 14 March 2003.1 Total assets rose from €459,157 in 2018 to €878,332 in 2025 and headcount from 2.2 to 2.1 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial Highest result from 2018 to 2025net €125,344 ▲0.9%
Net result €125,344, the highest in the series.
26-09
NBB filing Annual accounts filed
financial year 2024 · micro format · 57 days late
2024
09-10
NBB filing Annual accounts filed
financial year 2023 · abbreviated format · 70 days late
04-04
Gazette deed Resignations: Cédric VANRAFELGHEM (manager) and Patrick VANRAFELGHEM (manager)
Reappointments: Cédric VANRAFELGHEM (director) and Patrick VANRAFELGHEM (director) · Amendment of the articles · Capital conversion15 facts ▸
  • General meeting, 22-03-2024
  • Amendment of the articles (2 times)
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Reserve release, “opheffen statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
  • Transfer restriction, “invoeren voorkooprecht bij aandelenoverdracht”, 10 (deed in Dutch)
  • Capital
  • Other provision, “TITEL III.EFFECTEN, niet afgedrukt,aangeduid als(…)” (deed in Dutch)
  • Other provision, “TITEL VIII.ALGEMENE MAATREGELEN, weggelaten” (deed in Dutch)
  • Director resignation, Cédric VANRAFELGHEM (manager)
  • Director reappointment, Cédric VANRAFELGHEM (director (not named in the articles))
  • Director resignation, Patrick VANRAFELGHEM (manager)
  • Director reappointment, Patrick VANRAFELGHEM (director (not named in the articles))
  • +3 further facts in this act
2023
31-12
Financial Equity above €200,000equity €281,902 ▲42%
5 profitable years in a row build equity to €281,902.
26-07
NBB filing Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial Equity above €150,000equity €198,584 ▲48.8%
4 profitable years in a row build equity to €198,584.
09-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 9 days late
2021
28-10
NBB filing Annual accounts filed
financial year 2020 · micro format · 89 days late
2020
31-12
Financial Equity above €100,000equity €124,733 ▲111%
2 profitable years in a row build equity to €124,733.
13-10
NBB filing Annual accounts filed
financial year 2019 · micro format · 74 days late
Show earlier events
2019
31-12
Financial Back to profitnet €6,634
Net result €6,634 after one loss-making year.
26-09
NBB filing Annual accounts filed
financial year 2018 · micro format · 57 days late
2018
27-09
NBB filing Annual accounts filed
financial year 2017 · micro format · 58 days late
2017
21-09
NBB filing Annual accounts filed
financial year 2016 · micro format · 52 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 18 annual accounts filed, the latest 10 are here; all 18 are under Financials.
1 of 3 deeds read
About the unread acts

Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded14-03-2003
Financial year end31-12
Trade name NL CHAMELEON SOLUTIONS
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID 0208:0479768532
Also 9925:BE0479768532

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 23 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Maldegem · 2 establishment units since 2017
registered office establishment All 2 establishment units on the map
Ground area
8,656 m²
Building footprint
3,489 m²
Building volume
1,324 m³
2 parcels, Flanders · tallest building 17.9 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
2 establishment units
ITREFLEX
Bogaardestraat 230B, 9990 MaldegemComputer programming
since 2017unit no. 2.260.367.640
Vakebuurtstraat 310, 9990 Maldegem
Computer programming
since 2025unit no. 2.378.308.653
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
43503F0103/00S003 Flanders 5,778 m² 1 · 3,344 m² 17.9 m
43503H0336/00L000 Flanders 2,878 m² 1 · 145 m² -
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Vervaardiging van: computers en randapparatuur,van automatische gegevensverwerkende machines,inclusief microcomputers en tekstverwerkende…” (deed in Dutch)
27 activities (deed in Dutch)
  1. Vervaardiging van: computers en randapparatuur,van automatische gegevensverwerkende machines,inclusief microcomputers en tekstverwerkende machines: centrale verwerkingseenheden,interfaces,consoles,digitale machines,analoge machines,
  2. Vervaardiging van: van randapparatuur: printers,terminals,enzovoort,magnetische en optische lezers,machines voor het omzetten van gegevens in gecodeerde vorm op gegevensdragers.
  3. De bekleding met aluminium van de binnenzijde van pc-kasten.
  4. Vervaardiging van: magnetische en optische media,van ongebruikte dragers voor het opnemen van geluid of beelden,van ongebruikte computerschijven -en banden.
  5. Groothandel in computers,randapparatuur,software en in andere kantoormachines en kantoorbenodigdheden.
  6. De kleinhandel in computers en standaardprogrammatuur.
  7. Uitgeverijen van computerspellen en van software.
  8. Ontwerpen en programmeren van computerprogramma's.
  9. Verlenen van advies over soorten computers(hardware)en hun configuratie en toepassing van bijbehorende programmatuur(software): analyseren van behoeften en problemen van gebruiker en het aanbieden De activiteiten van systeemintegrators.
  10. Overige diensten op het gebied van informatietechnologie en computer.
  11. Gegevensverwerking,webhosting en aanverwante activiteiten.Het al dan niet permanent verwerken van gegevens met behulp van een eigen programma of een programma van de klant: invoeren van gegevens - volledige verwerking van gegevens.
  12. Het permanent beheren van en werken met de gegevensverwerkende apparatuur van derden.
  13. Webportalen.
  14. Verhuur en operationele leasing van kantoormachines,inclusief computers,zonder bedieningspersoneel: computerapparatuur,duplicators,fotokopieermachines,schrijfmachines,tekstverwerkers,rekenmachines,telefoon.
  15. Verhuur van standaardprogrammatuur.
  16. Het onderhoud en de reparatie van computers en randapparatuur,van rekenmachines en overige kantoormachines.
  17. Het verzorgen en organiseren van opleidingen,ermee verband houdend.
  18. Het besturen,begeleiden en adviseren van ondernemingen en vennootschappen,evenals het waarnemen van het dagelijks bestuur van ondernemingen en vennootschappen.
  19. De samenstelling en het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,het verwerven door aankoop of anderszins het verkopen,het ruilen,het bouwen,het verbouwen,het verbeteren,het uitrusten,het aanpassen,het verfraaien,het onderhouden,het verhuren,het huren,het leasen en het doorleasen,het verkavelen,het prospecteren en het uitbaten van onroerende goederen,alsmede handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de uitbreiding en de opbrengst van de onroerende goederen te bevorderen,alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
  20. Het beleggen,het beheren en uitbaten van roerende waarden en bezittingen,het financieren van investeringen,voor eigen rekening.
  21. Het nemen van participaties en deelnemingen onder welke vorm ook in andere vennootschappen of ondernemingen.
  22. Alle financiële verrichtingen onder de vorm van lening,kredietopening of andere wijze,met uitzondering van de financiële verrichtingen voorbehouden aan depositobanken en private spaarkassen en onder voorwaarde van het bekomen van de eventuele noodzakelijke machtigingen en aanvaardingen.
  23. De vennootschap kan alle onroerende en roerende materialen en installaties kopen,huren,verhuren,produceren,oprichten,verkopen en ruilen.
  24. Het verwerven,exploiteren en vervreemden van rechten van intellectuele en/of industriële eigendom,daaronder begrepen al dan niet gepatenteerde know-how en gedeponeerde modellen;
  25. Het verwerven en(door)leasen van bedrijfsmiddelen.
  26. Het verlenen en exploiteren van concessies en/of franchising als geïntegreerd onderdeel van globale dienstverlening aan derden met aanbieding van een totaalpakket aan diensten.
  27. Het optreden als tussenpersoon in de handel.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
ITREFLEX
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 04-04-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, Bestuursorgaan” (deed in Dutch)

deed of 04-04-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Vormen vereist voor statutenwijziging, ontbinding op elk moment” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Om welke reden en op welk ogenblik ook, recht AV één/meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen,vergoeding te bepalen” (deed in Dutch)

deed of 04-04-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Schriftelijke algemene vergadering, uitgezonderd besluiten bij authentieke akte” (deed in Dutch)
Other provision: “Elektronische algemene vergadering, bureau controleert eerbiediging wet statuten reglement en geldige deelneming” (deed in Dutch)
Other provision: “Mededeling oproeping, schriftelijke vragen vóór AV langs elektronische weg” (deed in Dutch)
Other provision: “Toegang algemene vergadering, houder effecten op naam ingeschreven in register categorie” (deed in Dutch)
Other provision: “Bestuurder,bij gebrek aanwezige aandeelhouder meeste aandelen,bij pariteit oudste, zittingen-processen-verbaal” (deed in Dutch)
Other provision: “Beraadslagingen-stem-volmacht-agenda-meerderheid, ieder aandeel één stem,behoudens wettelijke/statutaire aandelen zonder stemrecht” (deed in Dutch)
Other provision: “Drie weken, tijdens zitting” (deed in Dutch)
Other provision: “Bestuursorgaan, interimdividend” (deed in Dutch)
Liquidation distribution: “Na aanzuivering schulden,lasten,kosten of consignatie nodige sommen, netto actief onder alle aandeelhouders naar verhouding aantal…” (deed in Dutch)
3 more provisions in the deed, see the deed of 04-04-2024

deed of 04-04-2024