REFLEXXIONS
ActiveREFLEXXIONS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €249k and a net result of €46k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+32
Solvency79▲+8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 2.11 in 2024), but 63.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
36.2%
Return on assets
6.7%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 15-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
13 d early
2023
15 d early
2022
89 d early
2021
4 d early
2020
7 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€249k▲ 19.2%
2024 · €209k
2018: €131k
2019: €152k
2020: €162k
2021: €164k
2022: €185k
2023: €183k
2024: €209k
2018 → 2025
Total assets
€687k▲ 1.5%
2024 · €677k
2018: €763k
2019: €775k
2020: €745k
2021: €712k
2022: €704k
2023: €665k
2024: €677k
2018 → 2025
Net result
€46k▲ 81.9%
2024 · €25k
2018: €-4k
2019: €21k
2020: €10k
2021: €2k
2022: €21k
2023: €-1k
2024: €25k
2018 → 2025
Working capital
€153k▲ 52.7%
2024 · €100k
2018: €20k
2019: €13k
2020: €25k
2021: €42k
2022: €69k
2023: €62k
2024: €100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€164k-€185k▲ 12.6%€183k▼ 0.7%€209k▲ 13.8%€249k▲ 19.2%
Operating result€18k-€45k▲ 145%€11k▼ 75.3%€54k▲ 391%€77k▲ 42.5%
Net result€2k-€21k▲ 884%€-1k€25k€46k▲ 81.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 43% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €687k
Fixed assets
€442k▼ 9.2%
Current assets
€245k▲ 29.0%
Equity and liabilities €687k
Equity
€249k▲ 19.2%
Provisions
€13k=
Debt
€426k▼ 6.5%
The debt ratio falls from 67.3% to 61.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€118k▲
2024 · €98k
Cash flow
€87k▲
2024 · €69k
Solvency
36.2%▲
2024 · 30.8%
Current ratio
2.66▲
2024 · 2.11
Quick ratio
2.66▲
2024 · 2.11
Debt / equity
1.71▼
2024 · 2.18
ROE
18.5%▲
2024 · 12.1%
ROA
6.7%▲
2024 · 3.7%
Interest coverage
9.68▲
2024 · 7.47
Debt
€426k▼
2024 · €456k
Debt ≤ 1 year
€92k▲
2024 · €90k
Debt > 1 year
€329k▼
2024 · €363k
Income taxes
€20k▲
2024 · €17k
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€677k€687k▲
Fixed assets21/28€487k€442k▼
Tangible fixed assets22/27€487k€442k▼
Land and buildings22€478k€441k▼
Plant, machinery and equipment23€157€0▼
Furniture and vehicles24€9k€2k▼
Other tangible fixed assets26€304€23▼
Current assets29/58€190k€245k▲
Amounts receivable within one year40/41€28k€7k▼
Trade receivables40€28k€7k▼
Other amounts receivable41-€21
Current investments50/53€102k€104k▲
Cash at bank and in hand54/58€58k€134k▲
Deferred charges and accrued income490/1€2k€388▼
Equity and liabilities
Total equity and liabilities10/49€677k€687k▲
Equity10/15€209k€249k▲
Contributions10/11€6k€6k=
Reserves13€121k€243k▲
Tax-exempt reserves132€29k€29k=
Distributable reserves133€92k€213k▲
Profit (loss) carried forward14€81k€0▼
Provisions and deferred taxes16€13k€13k=
Provisions for liabilities and charges160/5€13k€13k=
Major repairs and maintenance162€13k€13k=
Amounts payable17/49€456k€426k▼
Amounts payable after more than one year17€363k€329k▼
Financial debts170/4€363k€329k▼
Amounts payable within one year42/48€90k€92k▲
Current portion of amounts payable after more than one year42€33k€34k▲
Trade debts44€4k€12k▲
Suppliers440/4€4k€12k▲
Taxes, remuneration and social security45€18k€10k▼
Taxes450/3€18k€10k▼
Other amounts payable47/48€34k€36k▲
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Non-recurring operating income76A-€103
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€41k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€102k€122k▲
Operating profit (loss)9901€54k€77k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€43k€66k▲
Income taxes67/77€17k€20k▲
Profit (loss) for the period9904€25k€46k▲
Profit (loss) for the period to be appropriated9905€25k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€106k€127k▲
Profit (loss) brought forward from the previous period14P€81k€81k=
Transfer to equity691/2€25k€121k▲
To other reserves6921€25k€121k▲
Profit to be distributed694/7-€6k
Directors or managers695-€6k
The notes to these accounts (12 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-12
Financial
Highest result since 2018net €46k ▲81.9%
Operating result €77k, net result €46k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
30-12
Financial
Equity above €200kEq €209k ▲13.8%
Equity rises from €183k to €209k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-12
Financial
Equity above €150kEq €152k ▲16.3%
Equity rises from €131k to €152k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Knokke-Heist · 1 establishment unit since 2001
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.
Arcadelaan 548301 Knokke-HeistGround area
406 m²
Building footprint
97 m²
Volume, LiDAR
816 m³
Parcel 31338E0428/00_000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Arcadelaan 54, 8301 Knokke-Heist
since 20012.093.323.445
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31338E0428/00_000 | Flanders | 406 m² | 1 · 97 m² | 11.5 m · 3 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.
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 38,804 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2001
Fiscal year end30-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.