ACTIVE

REFLEX

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Financial year 2025 · Closed on 31/12/2025

Net result35,7 k €+80,5 %over 1 year

Gross margin434,1 k €+61,1 %over 1 year

Equity1,8 M €+2,0 %over 1 year

Workforce3,8 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

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· main 92000Gambling and betting activities 92710Gambling and betting activities

Joint committees (2)

14904
302

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	434,1 k €	+61.1%	269,4 k €	-61.0%	690,8 k €	+38.5%	498,9 k €	-54.9%	1,1 M €
EBITDA	65,5 k €	+57.8%	41,5 k €	-88.2%	351,8 k €	+24.3%	282,9 k €	-71.9%	1 M €
Operating result	60,8 k €	+84.5%	33 k €	-90.4%	344,7 k €	+36.1%	253,2 k €	-73.5%	957,1 k €
Net result	35,7 k €	+80.5%	19,8 k €	-94.2%	339,3 k €	+34.1%	253 k €	-73.5%	955,5 k €
Balance sheet
Equity	1,8 M €	+2.0%	1,7 M €	+1.1%	1,7 M €	+24.5%	1,4 M €	+22.4%	1,1 M €
Total assets	1,8 M €	-1.0%	1,9 M €	+4.5%	1,8 M €	+21.3%	1,5 M €	+12.8%	1,3 M €
Cash	287,8 k €	+18.3%	243,4 k €	+61.3%	150,9 k €	-7.8%	163,7 k €	+21.1%	135,2 k €
Debts	69,3 k €	-43.8%	123,2 k €	+94.6%	63,3 k €	-28.5%	88,5 k €	-49.4%	175 k €
Other
Workforce	3,8 ETP	0.0%	3,8 ETP	-15.6%	4,5 ETP	+60.7%	2,8 ETP	+40.0%	2,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Aurélien Verzele	Director02/08/2021 → 14/06/2027
Christian Verzele	Director25/07/2021 → 14/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ARDENT FINANCE0653.709.526Represented by Nicolas Leonard	Directorlisted until the 2016 accountsManaging director10/01/2017 → 2020 accounts

Other companies at this address

Rue de Tournai(PEC) 127 7740 Pecq

Company	CBE no.
AURELAÏDE● Active	0465.971.667
CESAR PALACE● Active	0886.617.810
DESTINATION VEGAS II● Active	0832.264.255
GRETIAN● Active	0894.528.357
Hostellerie de la Tour● Active	0425.103.587
IMMOBILIERE DE SAINT-JOSSE● Active	0898.481.207
IMMOVER● Active	0442.775.306
PAR - A - DICE● Active	0422.175.870
SGM BELGIE● Active	0474.223.793
VICTORY GAMES● Active	0469.927.485

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	31/07/2025	30/07/2024	22/08/2023	31/08/2022	31/08/2021
General meeting	08/06/2026	09/06/2025	10/06/2024	12/06/2023	13/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	09/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	10/06/2024	30/07/2024	French	PDF
Abridged model	31/12/2022	12/06/2023	22/08/2023	French	PDF
Abridged model	31/12/2021	13/06/2022	31/08/2022	French	PDF
Full model	31/12/2020	30/06/2021	31/08/2021	French	PDF
Full model	31/12/2019	03/07/2020	16/09/2020	French	PDF
Full model	31/12/2018	03/06/2019	26/08/2019	French	PDF
Full model	31/12/2017	04/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	01/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	26/07/2013	Dutch	PDF
Abridged model	30/06/2011	22/11/2011	24/11/2011	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	31/01/2011	Dutch	PDF
Abridged model	30/06/2009	28/12/2009	07/01/2010	Dutch	PDF
Abridged model	30/06/2008	31/12/2008	12/02/2009	Dutch	PDF
Abridged model	30/06/2007	31/12/2007	28/01/2008	Dutch	PDF
Abridged model	30/06/2006	31/12/2006	31/01/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Aurélien Verzele	Director02/08/2021 → 14/06/2027
Christian Verzele	Director25/07/2021 → 14/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ARDENT FINANCE0653.709.526Represented by Nicolas Leonard	Directorlisted until the 2016 accountsManaging director10/01/2017 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Christian Verzele

Aurélien Verzele

SOFABO

MILE MANAGEMENT

ARDENT FINANCE

SLOTS

INVEST GAMING GROUP

Liesbet Boeckx

Carine De Lange

Stephen De Rijcke

ANDREAS DE RIJCKE

2003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

REFLEX

Rue de Tournai(PEC) 127, 7740 Pecq

Director

Managing director

Director

Managing directorDirector

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Tournai(PEC) 127, 7740 PecqCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00470125

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
REFLEXCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00470125

Events

2025
Annual accounts 202535,7 k €↑
2024
Annual accounts 202419,8 k €↓
2023
Annual accounts 2023339,3 k €↑
2022
Annual accounts 2022253 k €↓
2021
Annual accounts 2021955,5 k €↑
2020
Annual accounts 2020-219,8 k €↑
2019
Annual accounts 2019-225,4 k €↓
2018
Annual accounts 2018-220,8 k €↑
2017
Annual accounts 2017-242,6 k €↓
2014
Annual accounts 2014-175,7 k €↓
2013
Annual accounts 2013-123 k €↑
2012
Annual accounts 2012-239,7 k €↓
2011
Annual accounts 2011-74 k €↓
2010
Annual accounts 20103,7 k €↓
2009
Annual accounts 20099,8 k €↓
2008
Annual accounts 200859,9 k €↑
2007
Annual accounts 200729,9 k €
24/10/2003
IncorporationPublic limited company

REFLEX

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events