Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Reflection Projects from Zoersel, company number BE0739654395, closed financial year 2025 with a result of € 26,003 after tax. For that financial year Reflection Projects recorded a gross margin of € 72,741 and equity of € -159,684. Compared with financial year 2024, the result moved from € -121,091 to € 26,003. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -159,684
▲ € 26,003 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,003
▲ still € 121,091 loss in 2024
Profit after tax over the fiscal year.
€ 13,258
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -161,684.
People and assets in 2025
€ 3,967
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 603,475
▼ 39% vs 2024
€ 103,500 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 391,785
▲ 180% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,319
▲ 110% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 97,640 | € 39,623 | € -68,387 | € 72,741 | ▲ € 141,129 |
| Profit after taxes | € 53,809 | € -13,311 | € -121,091 | € 26,003 | ▲ € 147,094 |
| Equity | € -51,284 | € -64,595 | € -185,687 | € -159,684 | ▲ € 26,003 |
| Total debts | € 858,818 | € 1,067,690 | € 1,579,139 | € 1,514,125 | ▼ 4% |
| Cash | € 83,406 | € 64,228 | € 12,881 | € 13,258 | ▲ 3% |
| Land & buildings | € 135,711 | € 131,032 | € 126,352 | € 122,846 | ▼ 3% |
| Retained profit | € -53,284 | € -66,595 | € -187,687 | € -161,684 | ▲ € 26,003 |
| Bank debt | € 448,679 | € 490,679 | € 992,319 | € 603,475 | ▼ 39% |
| Balance sheet total | € 807,533 | € 1,003,095 | € 1,393,452 | € 1,354,442 | ▼ 3% |
Key figures of Reflection Projects, 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 Reflection Projects?
What happened at Reflection Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,003. filed late Source: NBB ↗
- New establishment in Zoersel. KBO
- Wesley François Verhallen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 53,809 profit in 2022 to € 26,003 profit in 2025.
Best year ever: 2022, with € 53,809 profit.
A new publication or filing at Reflection Projects? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Reflection Projects is Wesley François Verhallen. It owns 50% of Studio Frites Sint Antonius itself.
Directors
According to the 2025 annual accounts
Wesley François Verhallen
Bestuurder
Also active at: Jucla, Studio Frites Sint Antonius, BB-Fund, Top & Together
since 2019
Establishments
Establishment units
Physical locations of this company
Boskant 14
2980 Zoersel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0739.654.395
- VAT number
- BE 0739.654.395
- Registered office
- Boskant 14, 2980 Zoersel
- Names & denominations
- Reflection Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2019
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
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