REFLEX DESIGN
ActiveThe annual accounts of REFLEX DESIGN for fiscal year 2025 show a net loss of 71% of total assets and of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €8k and a net result of €-15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 7027 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-76
Solvency63▼-31
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit 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 1.62 against 3.18 in 2024; short-term debt: 61.9% and cash: 59.4% of total assets), but 61.9% 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+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
38.1%
Return on assets
-71.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-10-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
27 d early
2023
5 d early
2022
32 d early
2021
6 d early
2020
3 d late
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€8k▼ 65.2%
2024 · €23k
2019: €116k
2020: €122k
2021: €94k
2022: €17k
2023: €21k
2024: €23k
2019 → 2025
Total assets
€21k▼ 36.8%
2024 · €34k
2019: €167k
2020: €186k
2021: €160k
2022: €35k
2023: €40k
2024: €34k
2019 → 2025
Net result
€-15k
2024 · €3k
2019: €4k
2020: €6k
2021: €-29k
2022: €-77k
2023: €4k
2024: €3k
2019 → 2025
Working capital
€8k▼ 64.2%
2024 · €23k
2019: €115k
2020: €133k
2021: €92k
2022: €15k
2023: €20k
2024: €23k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€94k-€17k▼ 82.3%€21k▲ 25.3%€23k▲ 12.3%€8k▼ 65.2%
Operating result€-24k-€-77k▼ 219%€2k€3k▲ 72.1%€-15k
Net result€-29k-€-77k▼ 170%€4k€3k▼ 39.1%€-15k
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 2025: a loss of €15k after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €21k
Equity
€8k▼ 65.2%
Debt
€13k▲ 27.0%
The debt ratio rises from 30.8% to 61.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▼
2024 · €4k
Cash flow
€-15k▼
2024 · €3k
Solvency
38.1%▼
2024 · 69.2%
Current ratio
1.62▼
2024 · 3.18
Quick ratio
1.62▼
2024 · 3.18
Debt / equity
1.63▲
2024 · 0.44
ROE
-187.7%▼
2024 · 11.0%
ROA
-71.5%▼
2024 · 7.6%
Interest coverage
-20.48▼
2024 · 5.70
Debt
€13k▲
2024 · €10k
Debt ≤ 1 year
€13k▲
2024 · €10k
Income taxes
€10▼
2024 · €120
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€34k€21k▼
Fixed assets21/28€689-
Tangible fixed assets22/27€689-
Furniture and vehicles24€689-
Current assets29/58€33k€21k▼
Amounts receivable within one year40/41€8k€3k▼
Trade receivables40€8k€3k▼
Current investments50/53€5k€5k▲
Cash at bank and in hand54/58€20k€13k▼
Deferred charges and accrued income490/1€388€399▲
Equity and liabilities
Total equity and liabilities10/49€34k€21k▼
Equity10/15€23k€8k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€3k€-12k▼
Amounts payable17/49€10k€13k▲
Amounts payable within one year42/48€10k€13k▲
Trade debts44€2k€750▼
Suppliers440/4€2k€750▼
Taxes, remuneration and social security45€3k€190▼
Taxes450/3€3k€190▼
Other amounts payable47/48€5k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€689€689=
Other operating charges640/8€384-
Gross operating margin9900€4k€-14k▼
Operating profit (loss)9901€3k€-15k▼
Financial income75/76B€21€33▲
Recurring financial income75€21€33▲
Financial charges65/66B€712€678▼
Recurring financial charges65€712€678▼
Profit (loss) for the period before taxes9903€3k€-15k▼
Income taxes67/77€120€10▼
Profit (loss) for the period9904€3k€-15k▼
Profit (loss) for the period to be appropriated9905€3k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-12k▼
Profit (loss) brought forward from the previous period14P€340€3k▲
The notes to these accounts (4 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
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
31-03
Financial
Highest result since 2019net €6k ▲72.6%
Operating result €9k, net result €6k, both a record.
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Vorst · 1 establishment unit since 1995
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.
Jupiterlaan 111190 VorstGround area
719 m²
Building footprint
524 m²
Volume, LiDAR
4,268 m³
2 parcels, Brussels · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Emile de Becolaan 75, 1050 Elsene
since 19952.069.670.192
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0239/00L002 | Brussels | 388 m² | 1 · 367 m² | 16.4 m · 2 fl. |
| 21383B0031/00L042 | Brussels | 330 m² | 1 · 158 m² | 18.1 m · 5 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.
Similar companies · same sector, comparable size
MADE BY FDK
BE 0460.158.892
Lasne · Eq €8k
CREAPLUS
BE 0449.449.993
Fléron · Eq €8k
COMTOYOU
BE 0879.824.741
Gembloux · Eq €8k
2/3.com
BE 0883.995.147
Liège · Eq €8k
OnSite Media
BE 0459.410.806
Stabroek · Eq €8k
Of 9,863 companies in sector 73110 we hold annual accounts for 3,755. 1,918 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-1994
Fiscal year end31-03
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.