REFLEX
ActiveREFLEX has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.78M and a net result of €36k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 38 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▲+4
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 24.41 against 13.84 in 2024), and 3.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 92
Relative position
BE, all sectors
reference
Sector 92
higher
← fewer bankruptcies
more bankruptcies →
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
96.2%
Return on assets
1.9%
Age of the figures
8 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
1 d early
2022
22 d late
2021
31 d late
2020
31 d late
2019
47 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€225k▼ 49.0%
2019 · €440k
2018: €375k
2019: €440k
2018 → 2020
EBIT margin
-96.0%▼ 46.5pp
2019 · -49.5%
2018: -56.6%
2019: -49.5%
2018 → 2020
Net result
€36k▲ 80.5%
2024 · €20k
2018: €-221k
2019: €-225k
2020: €-220k
2021: €956k
2022: €253k
2023: €339k
2024: €20k
2018 → 2025
Working capital
€1.62M▲ 2.5%
2024 · €1.58M
2018: €-793k
2019: €-103k
2020: €32k
2021: €998k
2022: €1.21M
2023: €1.55M
2024: €1.58M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.13M-€1.38M▲ 22.4%€1.72M▲ 24.5%€1.74M▲ 1.1%€1.78M▲ 2.0%
Operating result€957k-€253k▼ 73.5%€345k▲ 36.1%€33k▼ 90.4%€61k▲ 84.5%
Net result€956k-€253k▼ 73.5%€339k▲ 34.1%€20k▼ 94.2%€36k▲ 80.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 84% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.85M
Fixed assets
€156k▼ 2.9%
Current assets
€1.69M▼ 0.8%
Equity and liabilities €1.85M
Equity
€1.78M▲ 2.0%
Debt
€70k▼ 43.6%
The debt ratio falls from 6.6% to 3.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€66k▲
2024 · €42k
Cash flow
€40k▲
2024 · €28k
Solvency
96.2%▲
2024 · 93.4%
Current ratio
24.41▲
2024 · 13.84
Quick ratio
24.41▲
2024 · 13.84
Debt / equity
0.04▼
2024 · 0.07
ROE
2.0%▲
2024 · 1.1%
ROA
1.9%▲
2024 · 1.1%
Interest coverage
31.52▼
2024 · 37.51
Debt
€70k▼
2024 · €124k
Debt ≤ 1 year
€69k▼
2024 · €123k
Income taxes
€23k▲
2024 · €12k
Staff costs
€213k▲
2024 · €203k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.87M€1.85M▼
Fixed assets21/28€161k€156k▼
Tangible fixed assets22/27€11k€6k▼
Land and buildings22€7k€6k▼
Plant, machinery and equipment23€4k-
Financial fixed assets28€150k€150k=
Current assets29/58€1.70M€1.69M▼
Amounts receivable within one year40/41€1.46M€1.40M▼
Trade receivables40€798k€740k▼
Other amounts receivable41€663k€663k=
Cash at bank and in hand54/58€243k€288k▲
Equity and liabilities
Total equity and liabilities10/49€1.87M€1.85M▼
Equity10/15€1.74M€1.78M▲
Contributions10/11€1.25M€1.25M=
Capital10€1.25M€1.25M=
Issued capital100€1.25M€1.25M=
Reserves13€42k€47k▲
Non-distributable reserves130/1€42k€47k▲
Legal reserve130€42k€47k▲
Profit (loss) carried forward14€450k€480k▲
Amounts payable17/49€124k€70k▼
Amounts payable within one year42/48€123k€69k▼
Trade debts44€87k€29k▼
Suppliers440/4€87k€29k▼
Taxes, remuneration and social security45€26k€30k▲
Taxes450/3€12k€14k▲
Remuneration and social security454/9€14k€16k▲
Other amounts payable47/48€10k€11k▲
Accrued charges and deferred income492/3€575€522▼
Income statement
Code20242025
Remuneration, social security and pensions62€203k€213k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€5k▼
Other operating charges640/8€25k€156k▲
Gross operating margin9900€269k€434k▲
Operating profit (loss)9901€33k€61k▲
Financial income75/76B€118€15▼
Recurring financial income75€118€15▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€32k€59k▲
Income taxes67/77€12k€23k▲
Profit (loss) for the period9904€20k€36k▲
Profit (loss) for the period to be appropriated9905€20k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€452k€485k▲
Profit (loss) brought forward from the previous period14P€432k€450k▲
Transfer to equity691/2€2k€5k▲
To the legal reserve6920€2k€5k▲
Social balance
Average headcount (FTE)90873.83.8=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 14.62
Current ratio from 6.71 to 14.62; short-term debt falls from €175k to €89k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €956k
Net result €956k after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 6.71
Current ratio from 1.45 to 6.71.
31-12
Financial
Equity above €1MEq €1.13M ▲549%
Equity rises from €174k to €1.13M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €174k ▲20.9%
Equity rises from €144k to €174k.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 47 days late
2019
31-12
Financial
Weakest financial yearnet €-225k
Net result drops to €-225k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €144k
Equity rises from €-427k to €144k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Pecq · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Tournai(PEC) 1277740 PecqGround area
3,272 m²
Building footprint
675 m²
Volume, LiDAR
3,821 m³
2 parcels, Flanders, Wallonia · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GOLDEN VEGAS BEVEREN
since 20042.137.997.982
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57062B0724/00W002 | Wallonia | 2,888 m² | 1 · 160 m² | 14.9 m · 4 fl. |
| 46009A0327/00A002 | Flanders | 384 m² | 1 · 515 m² | 7.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 1 entry · 3,373 EUR awarded · 3,373 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,373 EUR | 3,373 EUR |
Schemes
Vlaams beschermingsmechanisme 12 (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.137.997.982
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COVIFIL
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Herve · Eq €1.71M
SPEELHAL SELECT
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BUFKENS ATTRACTIONS
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Of 506 companies in sector 92000 we hold annual accounts for 302. 171 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-10-2003
Fiscal year end31-12
Activities, NACEBEL
92000Gambling and betting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.