REFLEXXION
ActiveThe annual accounts of REFLEXXION for fiscal year 2024 show a net loss of 120% of total assets and of 54% of the equity at the start of that year. The 2024 annual accounts show equity of €33k and a net result of €-67k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 4356 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-81
Solvency84▼-16
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.34 against 6.49 in 2023; short-term debt: 41.1% and cash: 86.5% of total assets), and 41.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.9%
Return on assets
-119.6%
Age of the figures
21 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 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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
not confirmed
2024
21 d late
2023
23 d late
2022
10 d late
2021
2 d late
2020
40 d late
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€33k▼ 73.6%
2023 · €125k
2018: €71k
2019: €22k
2020: €40k
2021: €67k
2022: €126k
2023: €125k
2018 → 2024
Total assets
€56k▼ 62.0%
2023 · €148k
2018: €86k
2019: €24k
2020: €52k
2021: €71k
2022: €147k
2023: €148k
2018 → 2024
Net result
€-67k
2023 · €15k
2018: €25k
2019: €-49k
2020: €18k
2021: €27k
2022: €81k
2023: €15k
2018 → 2024
Working capital
€31k▼ 74.7%
2023 · €122k
2018: €71k
2019: €22k
2020: €40k
2021: €67k
2022: €125k
2023: €122k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€40k-€67k▲ 66.1%€126k▲ 88.2%€125k=€33k▼ 73.6%
Operating result€18k-€27k▲ 47.0%€115k▲ 324%€22k▼ 80.7%€-67k
Net result€18k-€27k▲ 44.9%€81k▲ 206%€15k▼ 81.8%€-67k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €67k after €22k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56k
Fixed assets
€2k▼ 31.3%
Current assets
€54k▼ 62.7%
Equity and liabilities €56k
Equity
€33k▼ 73.6%
Debt
€23k▲ 3.6%
The debt ratio rises from 15.1% to 41.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-66k▼
2023 · €23k
Cash flow
€-66k▼
2023 · €15k
Solvency
58.9%▼
2023 · 84.9%
Current ratio
2.34▼
2023 · 6.49
Quick ratio
2.34▼
2023 · 6.49
Debt / equity
0.70▲
2023 · 0.18
ROE
-203.0%▼
2023 · 11.8%
ROA
-119.6%▼
2023 · 10.0%
Interest coverage
-248.47▼
2023 · 89.34
Debt
€23k▲
2023 · €22k
Debt ≤ 1 year
€23k▲
2023 · €22k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€148k€56k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€43-
Current assets29/58€145k€54k▼
Amounts receivable within one year40/41€3k€5k▲
Trade receivables40-€2k
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€142k€49k▼
Deferred charges and accrued income490/1€574€357▼
Equity and liabilities
Total equity and liabilities10/49€148k€56k▼
Equity10/15€125k€33k▼
Reserves13€125k€100k▼
Distributable reserves133€125k€100k▼
Profit (loss) carried forward14-€-67k
Amounts payable17/49€22k€23k▲
Amounts payable within one year42/48€22k€23k▲
Trade debts44€903€904▲
Suppliers440/4€903€904▲
Taxes, remuneration and social security45€7k€7k=
Taxes450/3€7k€7k=
Other amounts payable47/48€14k€15k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€555€990▲
Other operating charges640/8€557€649▲
Gross operating margin9900€23k€-65k▼
Operating profit (loss)9901€22k€-67k▼
Financial income75/76B€25-
Recurring financial income75€25-
Financial charges65/66B€255€265▲
Recurring financial charges65€255€265▲
Profit (loss) for the period before taxes9903€22k€-67k▼
Income taxes67/77€7k-
Profit (loss) for the period9904€15k€-67k▼
Profit (loss) for the period to be appropriated9905€15k€-67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-67k▼
Transfer from equity791/2€15k€25k▲
Transfer to equity691/2€15k-
To other reserves6921€15k-
Profit to be distributed694/7€15k€25k▲
Return on contributions (dividend)694€15k€25k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet €-67k ▼555%
Net result drops to €-67k, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Highest result since 2018net €81k ▲206%
Operating result €115k, net result €81k, both a record.
31-12
Financial
Equity above €100kEq €126k ▲88.2%
3 profitable years in a row build equity to €126k.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 16.44
Current ratio from 4.37 to 16.44; short-term debt falls from €12k to €4k.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-10-2022
Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2010
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.
Mechelsesteenweg 1422018 AntwerpenGround area
2,425 m²
Building footprint
435 m²
Volume, LiDAR
18,769 m³
Parcel 11810K1522/00S013, Flanders · tallest building 49.3 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
Reflexxion
since 20102.193.686.969
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1522/00S013 | Flanders | 2,425 m² | 1 · 435 m² | 49.3 m · 14 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
UNVISUALS
BE 1007.891.960
Seraing · Eq €33k
PUBLIBYTES
BE 0875.116.974
Kapellen · Eq €33k
POSTSCRIPTUM
BE 0475.089.370
Watermaal-Bosvoorde · Eq €33k
FACTOR 3 ARCHITECTEN
BE 0871.003.877
Oudsbergen · Eq €33k
LIGHTHEAD
BE 0846.536.816
Antwerpen · Eq €33k
Of 14,143 companies in sector 74201 we hold annual accounts for 2,612. 1,851 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2010
Fiscal year end31-12
Activities, NACEBEL
74201Photography, excluding press photography
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.