ACTIVE

REFLEX

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Financial year 2025 · closed on 31/12/2025
Net result
35,7 k €
+80.5% YoY
Gross margin
434,1 k €
+61.1% YoY
Equity
1,8 M €
+2.0% YoY
Workforce
3,8 ETP
0.0% YoY

What does REFLEX do?

REFLEX is a Public limited company incorporated in 2003. Its main activity is: Gambling and betting activities. Its registered office is in Pecq. It employs on average 3,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0861.302.392
Incorporation
24/10/2003
Legal form
Public limited company
Registered office
Rue de Tournai(PEC) 127
7740 Pecq · WallonieSee on map
Contributed capital
1 250 000,00 €
Latest accounts
31/12/2025
Average workforce
3,8 ETP
Activities (NACE)
92000Gambling and betting activities· main92000Gambling and betting activities92710Gambling and betting activities
Joint committees (2)
  • 14904
  • 302
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720142013201220112010200920082007
Income statement
Gross margin434,1 k €269,4 k €690,8 k €498,9 k €1,1 M €––––18,3 k €60,4 k €20,7 k €111,1 k €163,3 k €206,3 k €275,2 k €152,5 k €
EBITDA65,5 k €41,5 k €351,8 k €282,9 k €1 M €-120,5 k €-104,8 k €-105,3 k €-188,8 k €-123,1 k €-66,8 k €-193,6 k €-72,5 k €5,1 k €33 k €96,5 k €37 k €
Operating result60,8 k €33 k €344,7 k €253,2 k €957,1 k €-215,4 k €-217,6 k €-212 k €-241 k €-169 k €-112,8 k €-228,8 k €-72,5 k €-4,8 k €23,1 k €86,9 k €36,1 k €
Net result35,7 k €19,8 k €339,3 k €253 k €955,5 k €-219,8 k €-225,4 k €-220,8 k €-242,6 k €-175,7 k €-123 k €-239,7 k €-74 k €3,7 k €9,8 k €59,9 k €29,9 k €
Balance sheet
Equity1,8 M €1,7 M €1,7 M €1,4 M €1,1 M €174,1 k €144 k €-426,8 k €-206 k €35,1 k €-58,2 k €-150,2 k €89,5 k €163,5 k €159,8 k €70 k €10,1 k €
Total assets1,8 M €1,9 M €1,8 M €1,5 M €1,3 M €275,7 k €1,1 M €541,6 k €591,3 k €313,1 k €413,9 k €450,1 k €348 k €465,6 k €437,5 k €415,1 k €318,2 k €
Cash287,8 k €243,4 k €150,9 k €163,7 k €135,2 k €1,3 k €58,5 k €134,6 k €39,4 k €8,4 k €16,1 k €8 k €58,8 k €63,8 k €153,7 k €159,8 k €116,9 k €
Debts69,3 k €123,2 k €63,3 k €88,5 k €175 k €97,3 k €909,5 k €968,4 k €797,3 k €135,3 k €352,1 k €540,3 k €258,5 k €302,1 k €265,3 k €299,7 k €295,3 k €
Other
Workforce3,8 ETP3,8 ETP4,5 ETP2,8 ETP2,0 ETP2,0 ETP1,9 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP4,0 ETP4,6 ETP4,6 ETP4,8 ETP4,5 ETP4,5 ETP
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 · 2 active · 34 ended

Active mandates

Aurélien Verzele

Director · since 02 août 2021 · until 14 juin 2027

Active
Christian Verzele

Director · since 02 août 2021 · until 14 juin 2027

Active

Ended mandates

Aurélien Verzele

Director · since 25 juillet 2022

Ended
Christian Verzele

Director · since 25 juillet 2021

Ended
ARDENT FINANCE

Director · since 10 janvier 2017 · until 10 janvier 2023 · 0653.709.526

Represented by Nicolas Leonard

Ended
ARDENT FINANCE

Director · since 10 janvier 2017 · until 09 janvier 2023 · 0653.709.526

Represented by Nicolas LEONARD

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull 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 date31/08/202631/07/202530/07/202422/08/202331/08/202231/08/2021
General meeting08/06/202609/06/202510/06/202412/06/202313/06/202230/06/2021
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
Abridged model31/12/202508/06/202631/08/2026FrenchPDF
Abridged model31/12/202409/06/202531/07/2025FrenchPDF
Abridged model31/12/202310/06/202430/07/2024FrenchPDF
Abridged model31/12/202212/06/202322/08/2023FrenchPDF
Abridged model31/12/202113/06/202231/08/2022FrenchPDF
Full model31/12/202030/06/202131/08/2021FrenchPDF
Full model31/12/201903/07/202016/09/2020FrenchPDF
Full model31/12/201803/06/201926/08/2019FrenchPDF
Full model31/12/201704/06/201831/08/2018FrenchPDF
Abridged model31/12/201605/06/201723/08/2017DutchPDF
Abridged model31/12/201506/06/201605/07/2016DutchPDF
Abridged model31/12/201401/06/201501/07/2015DutchPDF
Abridged model31/12/201302/06/201416/07/2014DutchPDF
Abridged model31/12/201203/06/201326/07/2013DutchPDF
Abridged model30/06/201122/11/201124/11/2011DutchPDF
Abridged model30/06/201031/12/201031/01/2011DutchPDF
Abridged model30/06/200928/12/200907/01/2010DutchPDF
Abridged model30/06/200831/12/200812/02/2009DutchPDF
Abridged model30/06/200731/12/200728/01/2008DutchPDF
Abridged model30/06/200631/12/200631/01/2007DutchPDF
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 · 2 active · 34 ended

Active mandates

Aurélien Verzele

Director · since 02 août 2021 · until 14 juin 2027

Active
Christian Verzele

Director · since 02 août 2021 · until 14 juin 2027

Active

Ended mandates

Aurélien Verzele

Director · since 25 juillet 2022

Ended
Christian Verzele

Director · since 25 juillet 2021

Ended
ARDENT FINANCE

Director · since 10 janvier 2017 · until 10 janvier 2023 · 0653.709.526

Represented by Nicolas Leonard

Ended
ARDENT FINANCE

Director · since 10 janvier 2017 · until 09 janvier 2023 · 0653.709.526

Represented by Nicolas LEONARD

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/09/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/04/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares27/01/2021
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares27/01/2021
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office07/05/2019
    SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office07/05/2019
    MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN
    PDF
  • Mandates20/09/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/12/2017
    DEMISSIONS, NOMINATIONS
    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 202535,7 k €↑
  2. 2024
    Annual accounts 202419,8 k €↓
  3. 2023
    Annual accounts 2023339,3 k €↑
  4. 2022
    Annual accounts 2022253 k €↓
  5. 2021
    Annual accounts 2021955,5 k €↑
  6. 2020
    Annual accounts 2020-219,8 k €↑
  7. 2019
    Annual accounts 2019-225,4 k €↓
  8. 2018
    Annual accounts 2018-220,8 k €↑
  9. 2017
    Annual accounts 2017-242,6 k €↓
  10. 2014
    Annual accounts 2014-175,7 k €↓
  11. 2013
    Annual accounts 2013-123 k €↑
  12. 2012
    Annual accounts 2012-239,7 k €↓
  13. 2011
    Annual accounts 2011-74 k €↓
  14. 2010
    Annual accounts 20103,7 k €↓
  15. 2009
    Annual accounts 20099,8 k €↓
  16. 2008
    Annual accounts 200859,9 k €↑
  17. 2007
    Annual accounts 200729,9 k €
  18. 24/10/2003
    IncorporationPublic limited company