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REFLEXION MEDICAL NETWORK

Active
Public limited companyfounded 1990active for 35 yearsGustave Demeylaan 57, 1160 Oudergem, Belgium21 active companies are registered at this addressKBO/BCE: BE 0441.863.209
Summary

REFLEXION MEDICAL NETWORK has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €526,415 and a net result of €75,420. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 30% of 189 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Activity
Publishing activities
NACE 58130
Largest company by total assets in Oudergem, Publishing and media sector1 site
Size
€4.0mtotal assets 2025
Staff
20.9 FTE
Equity
€526,415
Profit
€75,420
Financial health
66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Structure
Parent
VIVACTIS GROUP · 100%
Holdings
2
Accounts filed 62 days late5 of 12 deeds read
Why 66raises riskEquity €526,415 (13.0% of total assets)1 change of registered office in 24 monthsLatest accounts 62 days late; 1 of the last 3 lateLiquidity: current ratio 1.33, cash €244,891, halvedShow the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 40% of its sector peers (NACE 58, small)
Financial strength · tick = 2024
Weak
Solvency 38+2
equity 13.0% of total assets
Liquidity 18-10
short-term debt 73.4% · cash 6.1%
Profitability 71=
return on assets 1.9%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (107 companies, NACE 58, small)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.1%▲ +0.1 percentage points vs 02-2025 04-2025: 1.2%▲ +0.1 percentage points vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 2.1%▲ +0.9 percentage points vs 05-2025 07-2025: 2.1%● unchanged vs 06-2025highest value 08-2025: 0.3%▼ -1.8 percentage points vs 07-2025lowest value 09-2025: 0.3%● unchanged vs 08-2025lowest value 10-2025: 0.3%● unchanged vs 09-2025lowest value 11-2025: 0.3%● unchanged vs 10-2025lowest value 12-2025: 0.3%● unchanged vs 11-2025lowest value 01-2026: 0.3%● unchanged vs 12-2025lowest value 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.4%▲ +0.1 percentage points vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.2 percentage points vs 07-2026 09-2026: 0.7%▲ +0.1 percentage points vs 08-2026 10-2026: 1.0%▲ +0.3 percentage points vs 09-2026
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.33, compared with 1.3 in 2024, below the usual 1.5; short-term debt: 73.4% and cash: 6.1% of total assets), and 87% 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 58, small): better than 23% on solvency, 13% on liquidity, 56% on profitability and 68% on growth.

The bankruptcy probability was computed on 18-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Equity €526,415 (13.0% of total assets)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Latest accounts 62 days late; 1 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 1.33, cash €244,891, halved
NBB · annual accounts
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 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €526,415
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-10-2026, 62 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
62 days late
2024
20 days early
2023
7 days late
2022
26 days early
2021
24 days late
2020
11 days early
2019
25 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 9 days after the deadline; the sector median (NACE 58) for financial year 2024 is 7 days before the deadline, and 37% 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 8 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven months
Where today falls in the filing period
18-10-2026 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 · full…
  2. Equity above €500,000equity €526,415 ▲16.7%
  3. Capital & shares · Amendment of…Capital

Key points

  • Positive: Largest company by total assets in Oudergem, Publishing and media sectorin the Checked rankings No. 1 View
  • Caution: Latest accounts filed lateafter the legal deadline 62 days View
  • Controlled by VIVACTIS GROUPthe company in turn controls 2 companies 100% View

By topic

Financials

Financial year
2025
Total assets
€4.0m
Profit
€75,420
Solvency
13.0%
Go to Financials

Timeline

Events
43
Since
1992
Next accounts
by 31-07-2027
  1. 11-07-2025Annual accounts filed
  2. 14-05-2025Resignation: LECLERCQ Vincent (director)
  3. 17-02-2025Restructuring
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Publishing activitiesNACE 58130
Founded
29-10-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
50
Annual meeting
Second Friday of May at 11:00
Purpose
“La prestation de tous services liés au marketing, à la communication, à la promotion, à la…” (deed in French)
Go to Articles of association

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