REFLEK
ActiveSummary
REFLEK has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €29k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 52% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83=
Solvency74▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.53 in 2024; short-term debt: 50.3% and cash: 69.8% of total assets), but 50.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.3%
Return on assets
11.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €122k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
58 d early
2023
13 d early
2022
48 d early
2021
31 d late
2020
31 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€122k▲ 30.7%
2024 · €93k
2018: €70k
2019: €129k▲ +83.3% vs 2018highest in 8 years
2020: €70k▼ -45.4% vs 2019
2021: €63k▼ -10.1% vs 2020lowest in 8 years
2022: €64k▲ +1.6% vs 2021
2023: €65k▲ +0.6% vs 2022
2024: €93k▲ +44.6% vs 2023
2025: €122k▲ +30.7% vs 2024
2018 → 2025
Total assets
€248k▼ 4.6%
2024 · €260k
2018: €222k
2019: €209k▼ -5.5% vs 2018
2020: €149k▼ -28.8% vs 2019
2021: €148k▼ -1.0% vs 2020lowest in 8 years
2022: €202k▲ +36.8% vs 2021
2023: €219k▲ +8.6% vs 2022
2024: €260k▲ +18.5% vs 2023highest in 8 years
2025: €248k▼ -4.6% vs 2024
2018 → 2025
Net result
€29k▼ 0.4%
2024 · €29k
2018: €-313
2019: €58k▲ +18786% vs 2018highest in 8 years
2020: €-58k▼ -200% vs 2019lowest in 8 years
2021: €-7k▲ +87.9% vs 2020
2022: €1k▲ +114% vs 2021
2023: €29k▲ +2755% vs 2022
2024: €29k▼ -0.5% vs 2023
2025: €29k▼ -0.4% vs 2024
2018 → 2025
Working capital
€107k▲ 33.7%
2024 · €80k
2018: €37k
2019: €126k▲ +244% vs 2018highest in 8 years
2020: €65k▼ -48.7% vs 2019
2021: €72k▲ +11.1% vs 2020
2022: €36k▼ -49.5% vs 2021lowest in 8 years
2023: €43k▲ +19.2% vs 2022
2024: €80k▲ +84.1% vs 2023
2025: €107k▲ +33.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€64k▲ 1.6%€65k▲ 0.6%€93k▲ 44.6%€122k▲ 30.7%
2021: €63klowest in 5 years
2022: €64k▲ +1.6% vs 2021
2023: €65k▲ +0.6% vs 2022
2024: €93k▲ +44.6% vs 2023
2025: €122k▲ +30.7% vs 2024highest in 5 years
Operating result€-8k-€3k€35k▲ 1,139%€45k▲ 28.3%€44k▼ 4.0%
2021: €-8klowest in 5 years
2022: €3k▲ +136% vs 2021
2023: €35k▲ +1139% vs 2022
2024: €45k▲ +28.3% vs 2023highest in 5 years
2025: €44k▼ -4.0% vs 2024
Net result€-7k-€1k€29k▲ 2,755%€29k▼ 0.5%€29k▼ 0.4%
2021: €-7klowest in 5 years
2022: €1k▲ +114% vs 2021
2023: €29k▲ +2755% vs 2022highest in 5 years
2024: €29k▼ -0.5% vs 2023
2025: €29k▼ -0.4% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248k
Fixed assets
€17k ▼ 42.9%
Current assets
€231k ▲ 0.2%
Equity and liabilities €248k
Equity
€122k ▲ 30.7%
Debt
€126k ▼ 24.4%
Debt's share of the balance-sheet total falls from 64.0% to 50.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▼
2024 · €58k
Cash flow
€39k▼
2024 · €41k
Current ratio
1.86▲
2024 · 1.53
Quick ratio
1.63▲
2024 · 1.36
Debt to equity
1.03▼
2024 · 1.78
ROE
23.5%▼
2024 · 30.9%
ROA
11.6%▲
2024 · 11.1%
Interest coverage
76.80▲
2024 · 57.63
Debt ≤ 1 year
€125k▼
2024 · €151k
Debt > 1 year
€1k▼
2024 · €15k
Income taxes
€14k▼
2024 · €16k
Staff costs
€283k▲
2024 · €237k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€260k€248k▼
Fixed assets21/28€29k€17k▼
Tangible fixed assets22/27€19k€11k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€17k€8k▼
Financial fixed assets28€10k€6k▼
Current assets29/58€231k€231k▲
Stocks and contracts in progress3€25k€28k▲
Stocks30/36€25k€28k▲
Amounts receivable within one year40/41€84k€26k▼
Trade receivables40€50k€3k▼
Other amounts receivable41€34k€22k▼
Cash at bank and in hand54/58€119k€173k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€260k€248k▼
Equity10/15€93k€122k▲
Contributions10/11€19k€19k=
Reserves13€75k€104k▲
Non-distributable reserves130/1€60k€2k▼
Reserves not available under the articles1311€60k€2k▼
Distributable reserves133€15k€102k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€166k€126k▼
Amounts payable after more than one year17€15k€1k▼
Financial debts170/4€15k€1k▼
Amounts payable within one year42/48€151k€125k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€102k€72k▼
Suppliers440/4€102k€72k▼
Taxes, remuneration and social security45€35k€37k▲
Taxes450/3€8k€14k▲
Remuneration and social security454/9€27k€23k▼
Other amounts payable47/48€0€967▲
Income statement
Code20242025
Remuneration, social security and pensions62€237k€283k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€11k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€297k€340k▲
Operating profit (loss)9901€45k€44k▼
Financial income75/76B€175€101▼
Recurring financial income75€175€101▼
Financial charges65/66B€1k€705▼
Recurring financial charges65€1k€705▼
Profit (loss) for the period before taxes9903€45k€43k▼
Income taxes67/77€16k€14k▼
Profit (loss) for the period9904€29k€29k▼
Profit (loss) for the period to be appropriated9905€29k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€29k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€29k€29k▼
To other reserves6921€29k€29k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1k | €0 | - | - | - |
| Remuneration, social security and pensions62 | €86k | €125k | €148k | €237k | €283k | ▲ 19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €21k | €16k | €13k | €11k | ▼ 17.0% |
| Other operating charges640/8 | €8k | €1k | €1k | €2k | €3k | ▲ 31.4% |
| Gross operating margin9900 | €94k | €151k | €202k | €297k | €340k | ▲ 14.4% |
| Operating profit (loss)9901 | €-8k | €3k | €35k | €45k | €44k | ▼ 4.0% |
| Financial income75/76B | €1k | - | €473 | €175 | €101 | ▼ 42.4% |
| Recurring financial income75 | €1k | - | €473 | €175 | €101 | ▼ 42.4% |
| Financial charges65/66B | €541 | €2k | €1k | €1k | €705 | ▼ 30.1% |
| Recurring financial charges65 | €541 | €2k | €1k | €1k | €705 | ▼ 30.1% |
| Profit (loss) for the period before taxes9903 | €-7k | €1k | €35k | €45k | €43k | ▼ 3.6% |
| Income taxes67/77 | - | €323 | €6k | €16k | €14k | ▼ 9.4% |
| Profit (loss) for the period9904 | €-7k | €1k | €29k | €29k | €29k | ▼ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €1k | €29k | €29k | €29k | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148k | €202k | €219k | €260k | €248k | ▼ 4.6% |
| Fixed assets21/28 | €22k | €71k | €51k | €29k | €17k | ▼ 42.9% |
| Tangible fixed assets22/27 | €16k | €43k | €32k | €19k | €11k | ▼ 44.7% |
| Plant, machinery and equipment23 | - | €3k | €6k | €3k | €2k | ▼ 13.7% |
| Furniture and vehicles24 | €16k | €40k | €26k | €17k | €8k | ▼ 49.4% |
| Financial fixed assets28 | €6k | €28k | €19k | €10k | €6k | ▼ 39.3% |
| Current assets29/58 | €126k | €131k | €169k | €231k | €231k | ▲ 0.2% |
| Stocks and contracts in progress3 | €31k | €18k | €31k | €25k | €28k | ▲ 9.1% |
| Stocks30/36 | €31k | €18k | €31k | €25k | €28k | ▲ 9.1% |
| Amounts receivable within one year40/41 | €49k | €57k | €69k | €84k | €26k | ▼ 69.5% |
| Trade receivables40 | €29k | €47k | €42k | €50k | €3k | ▼ 93.5% |
| Other amounts receivable41 | €21k | €10k | €27k | €34k | €22k | ▼ 33.9% |
| Cash at bank and in hand54/58 | €45k | €53k | €62k | €119k | €173k | ▲ 45.5% |
| Deferred charges and accrued income490/1 | - | €2k | €6k | €3k | €5k | ▲ 93.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148k | €202k | €219k | €260k | €248k | ▼ 4.6% |
| Equity10/15 | €63k | €64k | €65k | €93k | €122k | ▲ 30.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €46k | €75k | €104k | ▲ 38.4% |
| Non-distributable reserves130/1 | €2k | €2k | €31k | €60k | €2k | ▼ 96.9% |
| Reserves not available under the articles1311 | €2k | €2k | €31k | €60k | €2k | ▼ 96.9% |
| Distributable reserves133 | - | - | €15k | €15k | €102k | ▲ 570% |
| Profit (loss) carried forward14 | €43k | €44k | €0 | €0 | - | - |
| Amounts payable17/49 | €84k | €138k | €155k | €166k | €126k | ▼ 24.4% |
| Amounts payable after more than one year17 | €31k | €43k | €29k | €15k | €1k | ▼ 92.4% |
| Financial debts170/4 | €31k | €43k | €29k | €15k | €1k | ▼ 92.4% |
| Amounts payable within one year42/48 | €54k | €94k | €125k | €151k | €125k | ▼ 17.5% |
| Current portion of amounts payable after more than one year42 | €12k | €16k | €14k | €14k | €14k | ▲ 1.7% |
| Trade debts44 | €23k | €53k | €64k | €102k | €72k | ▼ 29.7% |
| Suppliers440/4 | €23k | €53k | €64k | €102k | €72k | ▼ 29.7% |
| Taxes, remuneration and social security45 | €18k | €25k | €28k | €35k | €37k | ▲ 8.1% |
| Taxes450/3 | €11k | €19k | €16k | €8k | €14k | ▲ 78.0% |
| Remuneration and social security454/9 | €8k | €7k | €12k | €27k | €23k | ▼ 12.5% |
| Other amounts payable47/48 | - | - | €20k | €0 | €967 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €1k | €29k | €29k | €29k | ▼ 0.4% |
| + Depreciation and write-downs630 | €8k | €21k | €16k | €13k | €11k | ▼ 17.0% |
| Operating cash flow (approximation) | €541 | €22k | €45k | €41k | €39k | ▼ 5.5% |
| Investment in fixed assets (approximation) | - | €-70k | €4k | €9k | €2k | ▼ 78.9% |
| Change in cash | - | €8k | €9k | €56k | €54k | ▼ 4.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €122k ▲30.7%
4 profitable years in a row build equity to €122k.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
31-12
Financial
Equity above €100kEq €129k ▲83.3%
Equity rises from €70k to €129k.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Overijse · 1 establishment unit since 2007
Ground area
763 m²
Building footprint
1,698 m²
Volume, LiDAR
6,056 m³
Parcel 23062B0381/00E011, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Elektro-Wood
since 20072.163.038.038
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0381/00E011 | Flanders | 763 m² | 1 · 1,698 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 25,974 EUR awarded · 25,974 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 7,500 EUR |
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
| 2022 | 1 | 3,474 EUR | 3,474 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,702 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
33200Installation of industrial machinery and equipment
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43332Laying of wooden floor and wall coverings
43350Other building finishing work
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Contact
E-mail
seppe@reflek.be
E-mail
info@elektrowood.beOverijse
Phone
0474/27 17 19Overijse
Scores and ratios are computed by Checked and are not a credit decision.