ACTIVE

ITREFLEX

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Financial year 2025 · closed on 31/12/2025
Net result
125,3 k €
+0.9% YoY
Gross margin
424,5 k €
+0.7% YoY
Equity
371,8 k €
-6.6% YoY

What does ITREFLEX do?

ITREFLEX is a Private limited company incorporated in 2003. Its main activity is: Computer programming activities. Its registered office is in Maldegem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0479.768.532
Incorporation
14/03/2003
Legal form
Private limited company
Registered office
Bogaardestraat 230B box 3
9990 Maldegem · FlandreSee on map
Contributed capital
120,00 €
Latest accounts
31/12/2025
Activities (NACE)
62010Computer programming activities· main62020Computer consultancy activities62100Computer programming, consultancy and related activities62200Computer programming, consultancy and related activities72100Research and experimental development on natural sciences and engineering72220Research and experimental development on social sciences and humanities
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin424,5 k €421,4 k €365,6 k €338 k €252,2 k €233,4 k €172,1 k €167,4 k €152,3 k €156,5 k €146,9 k €153,8 k €113,5 k €87,8 k €58,1 k €100,5 k €79,5 k €72,1 k €
EBITDA277,7 k €274,7 k €209,1 k €201,4 k €122,6 k €163,3 k €82,6 k €75,6 k €70,5 k €99,9 k €43,6 k €78,4 k €53 k €46,2 k €19,1 k €59 k €51,9 k €27,8 k €
Operating result188,3 k €193 k €141,7 k €105,7 k €21,3 k €104,1 k €23,2 k €8,9 k €22,3 k €37,9 k €4,3 k €43,9 k €32,7 k €15,7 k €-13,8 k €7,2 k €-1,2 k €6,6 k €
Net result125,3 k €124,2 k €95,1 k €65,1 k €8,7 k €65,7 k €6,6 k €-4,2 k €12,7 k €17,9 k €4,1 k €21,9 k €14,9 k €1,4 k €-25,6 k €5,3 k €-11,5 k €549,1 €
Balance sheet
Equity371,8 k €398,1 k €281,9 k €198,6 k €133,5 k €124,7 k €59 k €52,4 k €56,6 k €43,9 k €26 k €21,9 k €-27 €-15 k €-16,4 k €9,3 k €3,9 k €15,4 k €
Total assets878,3 k €859,2 k €866,1 k €969,8 k €824,8 k €566,5 k €415 k €459,2 k €562,3 k €412,8 k €381,7 k €374 k €335 k €317,5 k €348,9 k €403,6 k €409,5 k €101,6 k €
Cash92,4 k €153,6 k €155,8 k €68,7 k €58,4 k €131,7 k €43,5 k €2 k €8,2 k €20,5 k €17,1 k €5,6 k €208 €1,6 k €10,9 k €5,6 k €6,8 k €8,6 k €
Debts498,2 k €447,5 k €572 k €747,7 k €684,6 k €436,2 k €328,6 k €378,9 k €477,2 k €336,8 k €331,6 k €331,1 k €314 k €311,4 k €344,2 k €373,3 k €386,6 k €67,6 k €
Other
Workforce––2,8 ETP–––––––2,0 ETP2,0 ETP1,2 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

CEDRIC VANRAFELGHEM

Director · since 22 mars 2024

Active
Patrick VANRAFELGHEM

Director · since 22 mars 2024

Active

Ended mandates

CEDRIC VANRAFELGHEM

Manager · since 01 octobre 2015

Ended
Cedric Vanrafeklghem

Director

Ended
Cedric Vanrafelghem

Director

Ended
CEDRIC VANRAFELGHEM

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Smart Windows● Active
0767.961.767
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelAbridged 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 date14/07/202626/09/202509/10/202426/07/202309/08/202228/10/2021
General meeting27/06/202619/09/202530/09/202430/06/202330/06/202227/10/2021
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

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202527/06/202614/07/2026DutchPDF
Micro model31/12/202419/09/202526/09/2025DutchPDF
Abridged model31/12/202330/09/202409/10/2024DutchPDF
Micro model31/12/202230/06/202326/07/2023DutchPDF
Micro model31/12/202130/06/202209/08/2022DutchPDF
Micro model31/12/202027/10/202128/10/2021DutchPDF
Micro model31/12/201908/09/202013/10/2020DutchPDF
Micro model31/12/201814/09/201926/09/2019DutchPDF
Micro model31/12/201725/09/201827/09/2018DutchPDF
Micro model31/12/201616/09/201721/09/2017DutchPDF
Abridged model31/12/201529/08/201631/08/2016DutchPDF
Abridged model31/12/201430/06/201525/08/2015DutchPDF
Abridged model31/12/201327/08/201427/08/2014DutchPDF
Abridged model31/12/201229/08/201329/08/2013DutchPDF
Abridged model31/12/201130/07/201223/08/2012DutchPDF
Abridged model31/12/201030/07/201112/08/2011DutchPDF
Abridged model31/12/200930/08/201030/08/2010DutchPDF
Abridged model31/12/200831/07/200931/08/2009DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 6 ended

Active mandates

CEDRIC VANRAFELGHEM

Director · since 22 mars 2024

Active
Patrick VANRAFELGHEM

Director · since 22 mars 2024

Active

Ended mandates

CEDRIC VANRAFELGHEM

Manager · since 01 octobre 2015

Ended
Cedric Vanrafeklghem

Director

Ended
Cedric Vanrafelghem

Director

Ended
CEDRIC VANRAFELGHEM

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/04/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Registered office01/02/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates23/10/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/04/2008
    BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Other15/04/2003
    DIVERSEN
    PDF
  • Other24/03/2003
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025125,3 k €↑
  2. 2024
    Annual accounts 2024124,2 k €↑
  3. 2023
    Annual accounts 202395,1 k €↑
  4. 2022
    Annual accounts 202265,1 k €↑
  5. 2022
    Name changeITREFLEX
  6. 2021
    Annual accounts 20218,7 k €↓
  7. 2021
    Name changeIT REFLEX
  8. 2020
    Annual accounts 202065,7 k €↑
  9. 2019
    Annual accounts 20196,6 k €↑
  10. 2018
    Annual accounts 2018-4,2 k €↓
  11. 2017
    Annual accounts 201712,7 k €↓
  12. 2016
    Annual accounts 201617,9 k €↑
  13. 2015
    Annual accounts 20154,1 k €↓
  14. 2014
    Annual accounts 201421,9 k €↑
  15. 2013
    Annual accounts 201314,9 k €↑
  16. 2012
    Annual accounts 20121,4 k €↑
  17. 2011
    Annual accounts 2011-25,6 k €↓
  18. 2010
    Annual accounts 20105,3 k €↑
  19. 2009
    Annual accounts 2009-11,5 k €↓
  20. 2008
    Annual accounts 2008549,1 €
  21. 14/03/2003
    IncorporationPrivate limited company