ACTIVE

REFLECTION

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Financial year 2025 · closed on 31/12/2025
Net result
54,2 k €
+359.2% YoY
Gross margin
96,2 k €
+156.8% YoY
Equity
305,1 k €
-12.6% YoY

What does REFLECTION do?

REFLECTION is a Private limited company incorporated in 2000. Its registered office is in Aalst.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0473.163.129
Incorporation
31/10/2000
Legal form
Private limited company
Registered office
Rietstraat 67 box A
9320 Aalst · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
Gross margin96,2 k €37,5 k €104,7 k €118,1 k €102,1 k €52,3 k €66,8 k €59,9 k €62,1 k €55,3 k €53,5 k €83,2 k €85,9 k €42,8 k €49,2 k €65,1 k €62,5 k €7,4 k €
EBITDA93,8 k €34,8 k €101,2 k €74,0 k €97,8 k €48,5 k €64,8 k €58,0 k €60,0 k €53,5 k €52,0 k €81,2 k €83,8 k €41,1 k €47,0 k €63,5 k €62,0 k €6,2 k €
Operating result78,3 k €19,7 k €87,0 k €59,1 k €79,0 k €27,8 k €36,1 k €36,5 k €35,8 k €27,5 k €32,9 k €53,5 k €65,1 k €27,7 k €30,7 k €18,4 k €52,9 k €1,6 k €
Net result54,2 k €11,8 k €58,4 k €41,2 k €61,2 k €18,0 k €25,6 k €25,4 k €21,3 k €16,7 k €20,3 k €32,2 k €41,1 k €15,0 k €16,3 k €11,7 k €50,8 k €7,8 k €
Balance sheet
Equity305,1 k €349,1 k €337,3 k €298,9 k €257,7 k €332,0 k €314,0 k €288,4 k €263,0 k €241,7 k €225,0 k €204,8 k €172,6 k €131,5 k €116,5 k €100,2 k €88,5 k €37,7 k €
Total assets397,0 k €371,8 k €362,5 k €386,8 k €325,7 k €502,6 k €495,5 k €493,0 k €481,3 k €511,7 k €437,7 k €427,9 k €389,9 k €327,4 k €331,5 k €318,8 k €98,8 k €45,7 k €
Cash54,6 k €20,8 k €11,8 k €123,4 k €52,0 k €117,6 €117,6 €17,6 €18,0 €17,0 €45,0 €45,0 €208,0 €19,4 k €15,0 k €5,9 k €40,0 k €8,9 k €
Debts91,9 k €22,7 k €25,2 k €87,9 k €68,0 k €166,3 k €176,9 k €204,6 k €218,3 k €270,0 k €210,9 k €221,3 k €217,3 k €195,9 k €215,0 k €218,6 k €10,3 k €8,0 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Patrick Frans De Smet

Director · since 10 novembre 2000

Active

Ended mandates

Patrick Desmet

Manager · since 15 janvier 2003

Ended
PATRICK DE SMET

Manager

Ended
Patrick Desmet

Manager

Ended
Patrick Frans De Smet

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/02/202622/08/202505/07/202407/04/202328/04/202226/03/2021
General meeting05/02/202621/08/202530/06/202406/04/202305/03/202206/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/02/202609/02/2026DutchPDF
Micro model31/12/202421/08/202522/08/2025DutchPDF
Micro model31/12/202330/06/202405/07/2024DutchPDF
Micro model31/12/202206/04/202307/04/2023DutchPDF
Micro model31/12/202105/03/202228/04/2022DutchPDF
Micro model31/12/202006/03/202126/03/2021DutchPDF
Micro model31/12/201907/03/202018/03/2020DutchPDF
Micro model31/12/201826/06/201901/07/2019DutchPDF
Micro model31/12/201730/06/201830/07/2018DutchPDF
Micro model31/12/201630/06/201720/07/2017DutchPDF
Abridged model31/12/201530/06/201629/08/2016DutchPDF
Abridged model31/12/201429/06/201530/06/2015DutchPDF
Abridged model31/12/201330/06/201422/08/2014DutchPDF
Abridged model31/12/201228/06/201326/08/2013DutchPDF
Abridged model31/12/201129/06/201229/06/2012DutchPDF
Abridged model31/12/201030/06/201125/08/2011DutchPDF
Abridged model31/12/200930/06/201031/08/2010DutchPDF
Abridged model31/12/200830/06/200927/08/2009DutchPDF
Abridged model31/12/200730/06/200829/08/2008DutchPDF
Abridged model31/12/200630/06/200705/11/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Patrick Frans De Smet

Director · since 10 novembre 2000

Active

Ended mandates

Patrick Desmet

Manager · since 15 janvier 2003

Ended
PATRICK DE SMET

Manager

Ended
Patrick Desmet

Manager

Ended
Patrick Frans De Smet

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office05/10/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other17/03/2010
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office19/03/2009
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares15/01/2003
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202554,2 k €↑
  2. 2024
    Annual accounts 202411,8 k €↓
  3. 2023
    Annual accounts 202358,4 k €↑
  4. 2022
    Annual accounts 202241,2 k €↓
  5. 2021
    Annual accounts 202161,2 k €↑
  6. 2018
    Annual accounts 201818,0 k €↓
  7. 2017
    Annual accounts 201725,6 k €↑
  8. 2016
    Annual accounts 201625,4 k €↑
  9. 2015
    Annual accounts 201521,3 k €↑
  10. 2014
    Annual accounts 201416,7 k €↓
  11. 2013
    Annual accounts 201320,3 k €↓
  12. 2012
    Annual accounts 201232,2 k €↓
  13. 2011
    Annual accounts 201141,1 k €↑
  14. 2010
    Annual accounts 201015,0 k €↓
  15. 2009
    Annual accounts 200916,3 k €↑
  16. 2008
    Annual accounts 200811,7 k €↓
  17. 2007
    Annual accounts 200750,8 k €↑
  18. 2006
    Annual accounts 20067,8 k €
  19. 31/10/2000
    IncorporationPrivate limited company