Reflection Projects
The computed 12-month bankruptcy probability of Reflection Projects is 0.6% (low). The 2024 annual accounts show negative equity (€-186k) and a net result of €-121k. Equity is shrinking by ~44.4% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-186k |
| Net result | €-121k |
| Active | 6 yrs |
| Locations | 1 |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-70k |
| Net profit | €-121k |
| Cash flow | €-116k |
| Staff costs | €55 |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.39M |
| Equity | €-186k |
| Debt | €1.58M |
| of which ≤ 1y | €789k |
| of which > 1y | €790k |
| Working capital | €440k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1.56 |
| Quick ratio | 0.21 |
| Working capital ratio | 31.6% |
| Solvency | -13.3% |
| Debt / equity | -8.50 |
| Long-term debt ratio | -4.25 |
| Interest coverage | -1.50 |
| Gross margin | - |
| Net margin | - |
| ROA | -8.7% |
| ROE | 65.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.39M |
| Fixed assets | 21/28 | €164k |
| Tangible fixed assets | 22/27 | €126k |
| Financial fixed assets | 28 | €38k |
| Current assets | 29/58 | €1.23M |
| Stocks & contracts in progress | 3 | €1.06M |
| Amounts receivable within one year | 40/41 | €153k |
| Cash & bank | 54/58 | €13k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.39M |
| Equity | 10/15 | €-186k |
| Contributions / capital | 10/11 | €2k |
| Reserves | 13 | €8k |
| Accumulated profits (losses) | 14 | €-195k |
| Amounts payable | 17/49 | €1.58M |
| Amounts payable after one year | 17 | €790k |
| Amounts payable within one year | 42/48 | €789k |
| Trade debts payable within one year | 44 | €140k |
| Income statement | ||
| Gross operating margin | 9900 | €-68k |
| Operating result | 9901 | €-75k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €46k |
| Result before taxes | 9903 | €-121k |
| Net result for the period | 9904 | €-121k |
| Result to be appropriated | 9905 | €-121k |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 16-12-2019 |
| Status | Active |
| Postal code | 2980 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017A0468/00C000 | Flanders | 4,373 m² | 1 · 269 m² | 13.9 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
19-11-2025 Registered office moved within Zoersel
- Boterbloemlaan 72, 2980 Zoersel → Boskant 14, 2980 Zoersel
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Zoersel",
"region": null,
"street": "Boskant",
"country": "BE",
"postcode": "2980",
"box_number": null,
"street_number": "14"
},
"old_address": {
"city": "Zoersel",
"region": null,
"street": "Boterbloemlaan",
"country": "BE",
"postcode": "2980",
"box_number": null,
"street_number": "72"
},
"effective_date": "2025-10-01",
"evidence_quote": "De bestuurder beslist om de maatschappelijke zetel met ingang van 1 oktober te verplaatsen naar Boskant 14, 2980 Zoersel."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0739.654.395",
"name_full": "REFLECTION PROJECTS",
"legal_form": "BV"
}
}18-12-2019 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "2980 Zoersel, Boterbloemlaan 72",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1981-06-25",
"name": "Verhallen, Wesley Fran\u00E7ois Arlette",
"niss": null,
"address": "2980 Zoersel, Boterbloemlaan 72"
},
"share_class": "A",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 18600,
"holder_person_name": "Verhallen, Wesley Fran\u00E7ois Arlette",
"is_subscriber_only": false,
"n_shares_subscribed": 1860,
"amount_subscribed_eur": 18600,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 18600,
"subject_company": {
"kbo": "0739.654.395",
"name_full": "Reflection Projects",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2019-12-16",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Reflection Projects |