Reflo
ActiveSummary
Reflo has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €43k. Equity is shrinking by ~47.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency28▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
2.6%
Return on assets
43.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 14128 sector peers (2025).
NBB · sector comparisonPosition among 14128 sector peers
Solvency
better than 24%
← weakest
strongest →
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 11-03-2026, 142 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
142 d early
2024
133 d early
2023
47 d early
2022
28 d early
2021
48 d early
2020
29 d early
← 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
€3k▼ 47.1%
2024 · €5k
2020: €51k
2021: €65k
2022: €73k
2023: €3k
2024: €5k
2020 → 2025
Total assets
€99k▲ 74.0%
2024 · €57k
2020: €71k
2021: €79k
2022: €117k
2023: €133k
2024: €57k
2020 → 2025
Net result
€43k▲ 7.5%
2024 · €40k
2020: €49k
2021: €13k
2022: €28k
2023: €44k
2024: €40k
2020 → 2025
Working capital
€-45k▼ 879%
2024 · €-5k
2020: €39k
2021: €59k
2022: €73k
2023: €2k
2024: €-5k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€73k▲ 13.6%€3k▼ 96.6%€5k▲ 89.7%€3k▼ 47.1%
Operating result€18k-€36k▲ 99.7%€57k▲ 58.0%€50k▼ 11.8%€54k▲ 7.7%
Net result€13k-€28k▲ 111%€44k▲ 60.5%€40k▼ 10.1%€43k▲ 7.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€48k ▲ 408%
Current assets
€51k ▲ 8.0%
Equity and liabilities €99k
Equity
€3k ▼ 47.1%
Debt
€96k ▲ 85.1%
Debt's share of the balance-sheet total rises from 91.6% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€60k▲
2024 · €51k
Cash flow
€49k▲
2024 · €40k
Current ratio
0.53▼
2024 · 0.91
Debt to equity
38.17▲
2024 · 10.91
ROA
43.2%▼
2024 · 69.9%
Interest coverage
978.75▲
2024 · 925.26
Debt ≤ 1 year
€96k▲
2024 · €52k
Income taxes
€11k▲
2024 · €11k
A ratio outside any meaningful range has been withheld (balance sheet total €99k, equity €3k).
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€57k€99k▲
Formation expenses20€0€0=
Fixed assets21/28€9k€48k▲
Tangible fixed assets22/27€9k€48k▲
Land and buildings22€8k€7k▼
Plant, machinery and equipment23€1k€735▼
Furniture and vehicles24€737€40k▲
Current assets29/58€47k€51k▲
Amounts receivable within one year40/41€2k€4k▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€36k€47k▲
Deferred charges and accrued income490/1€10k€135▼
Equity and liabilities
Total equity and liabilities10/49€57k€99k▲
Equity10/15€5k€3k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€2k€26▼
Amounts payable17/49€52k€96k▲
Amounts payable within one year42/48€52k€96k▲
Trade debts44€418€422▲
Suppliers440/4€418€422▲
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€12k▲
Other amounts payable47/48€44k€84k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€742€6k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€52k€61k▲
Operating profit (loss)9901€50k€54k▲
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€55€62▲
Recurring financial charges65€55€62▲
Profit (loss) for the period before taxes9903€50k€54k▲
Income taxes67/77€11k€11k▲
Profit (loss) for the period9904€40k€43k▲
Profit (loss) for the period to be appropriated9905€40k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€45k▲
Profit (loss) brought forward from the previous period14P€16€2k▲
Profit to be distributed694/7€38k€45k▲
Return on contributions (dividend)694€35k€45k▲
Directors or managers695€3k-
The notes to these accounts (7 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
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €13k ▼73.3%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brasschaat · 1 establishment unit since 2019
Ground area
114 m²
Building footprint
94 m²
Volume, LiDAR
645 m³
Parcel 11323F0285/00M002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Reflo
since 20192.290.330.445
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0285/00M002 | Flanders | 114 m² | 1 · 94 m² | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 6,900 EUR awarded · 6,900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,760 EUR | 2,760 EUR |
| 2023 | 1 | 4,140 EUR | 4,140 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 1,331 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68322Real estate appraisal on a fee or contract basis
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:florissimoens@gmail.com