REFL is a property company in Merchtem. Private Limited, started on 26 February 2019, 1 establishment.

What is the address of REFL?

The registered office of REFL is located at Kleistraat 68, 1785 Merchtem.

Is REFL still active?

Yes. According to the CBE (29 October 2026) REFL is active, legal situation “Normale toestand”, started on 26 February 2019.

Is REFL registered on Peppol?

Yes, REFL is registered on the Peppol network with ID 0208:0721553207.

What is the enterprise number of REFL?

The enterprise number of REFL is BE0721553207.

When was REFL founded?

REFL was founded on 26 February 2019.

Who are the directors of REFL?

According to the 2025 annual accounts, the directors of REFL are: RE-tail Return Partners II NV.

Is REFL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 26 February 2019; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did REFL make in 2025?

REFL posted a profit after taxes of € 377,655 in financial year 2025.

What is the revenue of REFL?

As a small company, REFL is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,741,753.

REFL (Private Limited) - Merchtem - BE0721553207

Dossier REFL, printed on 29 October 2026 from databakkes.be/en/0721553207/refl. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

28 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

REFL from Merchtem, company number BE0721553207, closed financial year 2025 with a result of € 377,655 after tax. For that financial year REFL recorded a gross margin of € 1.7 million and equity of € 4 million. Compared with financial year 2024, the result moved from € 856,027 to € 377,655. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.

What it is worth Growing

€ 4 million

▲ 10% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 377,655

▼ 56% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 152,072

▼ 52% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 9,663.

Debts at end 2025

Bank debt

€ 16.9 million

▼ 6% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 48,381

▲ 251% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,826,990 Gross margin 2022: € 1,826,990 First fiscal year in the series	€ 1,971,333 Gross margin 2023: € 1,971,333 ▲ 8% vs 2022 (€ 1,826,990) Favourable step	€ 1,979,943 Gross margin 2024: € 1,979,943 Unchanged (€ 1,971,333) Favourable step	€ 1,741,753 Gross margin 2025: € 1,741,753 ▼ 12% vs 2024 (€ 1,979,943) Unfavourable step	▼ 12%
Profit after taxes	€ 756,334 Profit after taxes 2022: € 756,334 First fiscal year in the series	€ 836,955 Profit after taxes 2023: € 836,955 ▲ 11% vs 2022 (€ 756,334) Favourable step	€ 856,027 Profit after taxes 2024: € 856,027 ▲ 2% vs 2023 (€ 836,955) Favourable step	€ 377,655 Profit after taxes 2025: € 377,655 ▼ 56% vs 2024 (€ 856,027) Unfavourable step	▼ 56%
Equity	€ 1,973,717 Equity 2022: € 1,973,717 First fiscal year in the series	€ 2,810,672 Equity 2023: € 2,810,672 ▲ 42% vs 2022 (€ 1,973,717) Favourable step	€ 3,666,699 Equity 2024: € 3,666,699 ▲ 30% vs 2023 (€ 2,810,672) Favourable step	€ 4,044,354 Equity 2025: € 4,044,354 ▲ 10% vs 2024 (€ 3,666,699) Favourable step	▲ 10%
Total debts	€ 21,409,558 Total debts 2022: € 21,409,558 First fiscal year in the series	€ 20,318,778 Total debts 2023: € 20,318,778 ▼ 5% vs 2022 (€ 21,409,558) Favourable step	€ 18,444,056 Total debts 2024: € 18,444,056 ▼ 9% vs 2023 (€ 20,318,778) Favourable step	€ 17,369,942 Total debts 2025: € 17,369,942 ▼ 6% vs 2024 (€ 18,444,056) Favourable step	▼ 6%
Cash	€ 805,311 Cash 2022: € 805,311 First fiscal year in the series	€ 1,163,134 Cash 2023: € 1,163,134 ▲ 44% vs 2022 (€ 805,311) Favourable step	€ 319,313 Cash 2024: € 319,313 ▼ 73% vs 2023 (€ 1,163,134) Unfavourable step	€ 152,072 Cash 2025: € 152,072 ▼ 52% vs 2024 (€ 319,313) Unfavourable step	▼ 52%
Land & buildings	€ 22,040,381 Land & buildings 2022: € 22,040,381 First fiscal year in the series	€ 21,635,690 Land & buildings 2023: € 21,635,690 ▼ 2% vs 2022 (€ 22,040,381) Unchanged	€ 21,229,853 Land & buildings 2024: € 21,229,853 ▼ 2% vs 2023 (€ 21,635,690) Unchanged	€ 20,824,590 Land & buildings 2025: € 20,824,590 ▼ 2% vs 2024 (€ 21,229,853) Unchanged	▼ 2%
Retained profit	€ -2,060,974 Retained profit 2022: € -2,060,974 First fiscal year in the series	€ -1,224,019 Retained profit 2023: € -1,224,019 ▲ € 836,955 vs 2022 (€ -2,060,974) Favourable step	€ -367,992 Retained profit 2024: € -367,992 ▲ € 856,027 vs 2023 (€ -1,224,019) Favourable step	€ 9,663 Retained profit 2025: € 9,663 ▲ € 377,655 vs 2024 (€ -367,992) Favourable step	▲ € 377,655
Bank debt	€ 20,840,905 Bank debt 2022: € 20,840,905 First fiscal year in the series	€ 19,840,905 Bank debt 2023: € 19,840,905 ▼ 5% vs 2022 (€ 20,840,905) Favourable step	€ 17,940,905 Bank debt 2024: € 17,940,905 ▼ 10% vs 2023 (€ 19,840,905) Favourable step	€ 16,940,905 Bank debt 2025: € 16,940,905 ▼ 6% vs 2024 (€ 17,940,905) Favourable step	▼ 6%
Balance sheet total	€ 23,383,276 Balance sheet total 2022: € 23,383,276 First fiscal year in the series	€ 23,129,450 Balance sheet total 2023: € 23,129,450 ▼ 1% vs 2022 (€ 23,383,276) Unchanged	€ 22,110,755 Balance sheet total 2024: € 22,110,755 ▼ 4% vs 2023 (€ 23,129,450) Unchanged	€ 21,414,296 Balance sheet total 2025: € 21,414,296 ▼ 3% vs 2024 (€ 22,110,755) Unchanged	▼ 3%

Key figures of REFL, 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 REFL?

What happened at REFL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

May 29, 2026 New annual accounts for financial year 2025: profit of € 377,655 (▼ 56% vs 2024). Source: NBB ↗
May 9, 2019 New establishment in Merchtem. KBO
2019 RE-tail Return Partners II NV became a director. NBB
Feb 26, 2019 Start of the company according to the CBE. KBO

In short

From € 756,334 profit in 2022 to € 377,655 profit in 2025.

Paid € 216,234 in corporate taxes since 2022.

Best year ever: 2024, with € 856,027 profit.

Original PDFs at the National Bank ↗

Management

RE-tail Return Partners II 100%

The stake of RE-tail Return Partners II comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

REFL

Behind REFL is RE-tail Return Partners II NV. The shares are held by RE-tail Return Partners II (100%).

Directors

According to the 2025 annual accounts

RE-tail Return Partners II NV

Director · represented by Philip De Greve

Also active at: EQGO, REDI, IBBR

since 2019

Shareholders

RE-tail Return Partners II

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kleistraat 68

1785 Merchtem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.

All companies at this address →

FLO - MAT - BOIS

€ 2 million gross margin · 2025

EQGO same network

€ 1.2 million gross margin · 2025

AAGE

€ 951,060 gross margin · 2025

RERO

€ 459,426 gross margin · 2025

REBR

€ 288,240 gross margin · 2025

+23 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0721.553.207

VAT number

BE 0721.553.207

Registered office

Kleistraat 68, 1785 Merchtem

Names & denominations

REFL

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

26 February 2019

Peppol

Active · Active since 9 Oct 2025

Activities · NACE

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Activiteiten van reclamebureaus

View on CBE Public ↗ Annual accounts (NBB) ↗

REFL

Warning lights

Financials

What happened to REFL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions