Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ITREFLEX from Maldegem, company number BE0479768532, closed financial year 2025 with a result of € 125,344 after tax. For that financial year ITREFLEX recorded a gross margin of € 424,493 and equity of € 371,760. Compared with financial year 2024, the result moved from € 124,247 to € 125,344. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 371,760
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 125,344
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 92,358
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 140,731 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 141,437
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 277,383
▲ 68% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 331,014
▼ 11% vs 2024
€ 94,079 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 60,729
▲ € 51,323 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,591
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 338,037 | € 365,574 | € 421,429 | € 424,493 | ▲ 1% |
| Profit after taxes | € 65,110 | € 95,116 | € 124,247 | € 125,344 | ▲ 1% |
| Equity | € 198,584 | € 281,902 | € 398,146 | € 371,760 | ▼ 7% |
| Total debts | € 748,476 | € 572,014 | € 450,771 | € 498,225 | ▲ 11% |
| Cash | € 68,695 | € 155,822 | € 153,573 | € 92,358 | ▼ 40% |
| Land & buildings | € 396,212 | € 384,070 | € 362,827 | € 337,948 | ▼ 7% |
| Retained profit | € 187,464 | € 270,782 | € 387,026 | € 371,640 | ▼ 4% |
| Dividend | € 0 | € 11,797 | € 8,004 | € 140,731 | ▲ € 132,727 |
| Bank debt | € 527,804 | € 471,888 | € 373,509 | € 331,014 | ▼ 11% |
| Balance sheet total | € 969,826 | € 866,056 | € 859,190 | € 878,332 | ▲ 2% |
| Employees (FTE) | - | 2.8 | - | - |
Key figures of ITREFLEX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ITREFLEX?
What happened at ITREFLEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 125,344 (▲ 1% vs 2024). Source: NBB ↗
- New establishment in Maldegem. KBO
- CEDRIC VANRAFELGHEM became a director. NBB
- PATRICK VANRAFELGHEM became a director. NBB
- New establishment in Maldegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 65,110 profit in 2022 to € 125,344 profit in 2025.
Paid € 179,920 in corporate taxes since 2022.
Best year ever: 2025, with € 125,344 profit.
On average € 130,600 of value added per employee in 2023.
Management
Behind ITREFLEX are CEDRIC VANRAFELGHEM and PATRICK VANRAFELGHEM.
Directors
According to the 2025 annual accounts
CEDRIC VANRAFELGHEM
Director
since 2024
PATRICK VANRAFELGHEM
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Bogaardestraat 230B box 3
9990 Maldegem
Vakebuurtstraat 310
9990 Maldegem
Active since 1 July 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.768.532
- VAT number
- BE 0479.768.532
- Registered office
- Bogaardestraat 230B bus 3, 9990 Maldegem
- Names & denominations
- ITREFLEX · CHAMELEON SOLUTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 2003
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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