What does REFERENCES do?

REFERENCES is a media agency in Brussel. Public Limited, started on 6 September 2011, 2 establishments.

What is the address of REFERENCES?

The registered office of REFERENCES is located at Koningsstraat 100, 1000 Brussel.

Is REFERENCES still active?

Yes. According to the CBE (29 October 2026) REFERENCES is active, legal situation “Normale toestand”, started on 6 September 2011.

Is REFERENCES registered on Peppol?

Yes, REFERENCES is registered on the Peppol network with ID 0208:0839044852.

What is the enterprise number of REFERENCES?

The enterprise number of REFERENCES is BE0839044852.

When was REFERENCES founded?

REFERENCES was founded on 6 September 2011.

Who are the directors of REFERENCES?

According to the 2025 annual accounts, the directors of REFERENCES are: Pierre LEERSCHOOL, Bernard MARCHANT, Thierry HUGOT.

Is REFERENCES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 6 September 2011; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 2 establishments in the CBE.

How much profit did REFERENCES make in 2025?

REFERENCES recorded a loss after taxes of € 50,745 in financial year 2025.

What is the revenue of REFERENCES?

As a small company, REFERENCES is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,137,562.

How much does an employee at REFERENCES earn?

The average wage cost per full-time employee at REFERENCES was € 70,800 in 2025: staff costs of € 1.1 million for 16 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does REFERENCES have?

According to the 2025 annual accounts, REFERENCES has 16 full-time equivalents (FTE).

REFERENCES (Public Limited) - Brussel - BE0839044852

Dossier REFERENCES, printed on 29 October 2026 from databakkes.be/en/0839044852/references. 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.

Shrinking team NBB

FTE fell two years in a row, from 21 to 16.
Busy address KBO

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

Financials

Financial year 2025

REFERENCES from Brussel, company number BE0839044852, closed financial year 2025 with a result of € -50,745 after tax. For that financial year REFERENCES recorded a gross margin of € 1.1 million and equity of € 168,193. Compared with financial year 2024, the result moved from € 24,591 to € -50,745. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.

What it is worth Healthy

€ 168,193

▼ 23% vs 2024

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

Loss Caution

€ -50,745

▼ still € 24,591 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 16,366

▼ 15% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 68,193.

People and assets in 2025

Full-time equivalents

▼ 3.9 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.1 million

▼ 20% vs 2024

€ 70,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 4,098

▼ 4% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 227,210

▼ 52% vs 2024

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

Taxes and wages

€ 156,677

▼ 12% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 4,994,586 Revenue 2022: € 4,994,586 First fiscal year in the series	€ 4,780,875 Revenue 2023: € 4,780,875 ▼ 4% vs 2022 (€ 4,994,586) Unfavourable step	-	-
Gross margin	€ 1,610,730 Gross margin 2022: € 1,610,730 First fiscal year in the series	€ 1,745,596 Gross margin 2023: € 1,745,596 ▲ 8% vs 2022 (€ 1,610,730) Favourable step	€ 1,505,392 Gross margin 2024: € 1,505,392 ▼ 14% vs 2023 (€ 1,745,596) Unfavourable step	€ 1,137,562 Gross margin 2025: € 1,137,562 ▼ 24% vs 2024 (€ 1,505,392) Unfavourable step	▼ 24%
Profit after taxes	€ 16,261 Profit after taxes 2022: € 16,261 First fiscal year in the series	€ 32,074 Profit after taxes 2023: € 32,074 ▲ 97% vs 2022 (€ 16,261) Favourable step	€ 24,591 Profit after taxes 2024: € 24,591 ▼ 23% vs 2023 (€ 32,074) Unfavourable step	€ -50,745 Profit after taxes 2025: € -50,745 ▼ € 75,336 vs 2024 (€ 24,591) Unfavourable step	▼ € 75,336
Equity	€ 162,274 Equity 2022: € 162,274 First fiscal year in the series	€ 194,348 Equity 2023: € 194,348 ▲ 20% vs 2022 (€ 162,274) Favourable step	€ 218,938 Equity 2024: € 218,938 ▲ 13% vs 2023 (€ 194,348) Favourable step	€ 168,193 Equity 2025: € 168,193 ▼ 23% vs 2024 (€ 218,938) Unfavourable step	▼ 23%
Total debts	€ 1,230,831 Total debts 2022: € 1,230,831 First fiscal year in the series	€ 1,428,228 Total debts 2023: € 1,428,228 ▲ 16% vs 2022 (€ 1,230,831) Unfavourable step	€ 825,658 Total debts 2024: € 825,658 ▼ 42% vs 2023 (€ 1,428,228) Favourable step	€ 749,037 Total debts 2025: € 749,037 ▼ 9% vs 2024 (€ 825,658) Favourable step	▼ 9%
Cash	-	-	€ 19,169 Cash 2024: € 19,169 First fiscal year in the series	€ 16,366 Cash 2025: € 16,366 ▼ 15% vs 2024 (€ 19,169) Unfavourable step	▼ 15%
Retained profit	€ 62,274 Retained profit 2022: € 62,274 First fiscal year in the series	€ 94,348 Retained profit 2023: € 94,348 ▲ 52% vs 2022 (€ 62,274) Favourable step	€ 118,938 Retained profit 2024: € 118,938 ▲ 26% vs 2023 (€ 94,348) Favourable step	€ 68,193 Retained profit 2025: € 68,193 ▼ 43% vs 2024 (€ 118,938) Unfavourable step	▼ 43%
Balance sheet total	€ 1,393,105 Balance sheet total 2022: € 1,393,105 First fiscal year in the series	€ 1,622,576 Balance sheet total 2023: € 1,622,576 ▲ 16% vs 2022 (€ 1,393,105) Unchanged	€ 1,044,597 Balance sheet total 2024: € 1,044,597 ▼ 36% vs 2023 (€ 1,622,576) Unchanged	€ 917,231 Balance sheet total 2025: € 917,231 ▼ 12% vs 2024 (€ 1,044,597) Unchanged	▼ 12%
Employees (FTE)	21.4 Employees (FTE) 2022: 21.4 First fiscal year in the series	21 Employees (FTE) 2023: 21 ▼ 0.4 vs 2022 (21.4) Unchanged	19.9 Employees (FTE) 2024: 19.9 ▼ 1.1 vs 2023 (21) Unchanged	16 Employees (FTE) 2025: 16 ▼ 3.9 vs 2024 (19.9) Unchanged	▼ 3.9

Key figures of REFERENCES, 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 REFERENCES?

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

Jun 3, 2026 New annual accounts for financial year 2025: loss of € 50,745 (▼ € 75,336 vs 2024). Source: NBB ↗
2026 Pierre LEERSCHOOL stepped down as director. NBB
2026 Bernard MARCHANT stepped down as director. NBB
2026 Thierry HUGOT stepped down as director. NBB
2023 Pierre LEERSCHOOL became a director. NBB
2023 Bernard MARCHANT became a director. NBB
2023 Thierry HUGOT became a director. NBB
Sep 14, 2013 New establishment in Namur. KBO

In short

From € 16,261 profit in 2022 to € 50,745 loss in 2025.

Paid € 96,976 in corporate taxes since 2022.

Best year ever: 2023, with € 32,074 profit.

On average € 71,100 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

GROUPE VLAN 50%

GROUPE SUDMEDIA 50%

The stake of GROUPE VLAN, GROUPE SUDMEDIA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

REFERENCES

The shares are held by GROUPE VLAN (50%) and GROUPE SUDMEDIA (50%).

Directors

According to the 2025 annual accounts

Pierre LEERSCHOOL

Managing director

Also active at: GROUPE VLAN, OSTBELGISCHER MEDIENVERLAG, EDITIONS CINE - REVUE, GROUPE SUDMEDIA, LA PRESSE.be-ALLIANCE DES MEDIAS D'INFORMATION, R.M.S. REGIE, 2W EVENTS, SOLUTION MEDIAS +2 more

since 2023 · until 2026

Bernard MARCHANT

Director

Also active at: Grenz-Echo, Belga News Agency, Les Editions rurales - De Landelijke Uitgeverijen, GROUPE VLAN, ROSSEL INTERACTIVE MEDIA, ROSSEL & Cie, Rossel-Hurbain, OSTBELGISCHER MEDIENVERLAG +34 more

since 2023 · until 2026

Thierry HUGOT

Director

Also active at: Les Editions rurales - De Landelijke Uitgeverijen, AUDIOPRESSE, Rendez - Vous Group, FUN RADIO BELGIQUE, MASS TRANSIT MEDIA, Look Live Media, eFluenz, PICONANO +1 more

since 2023 · until 2026

Shareholders

GROUPE VLAN

50%

GROUPE SUDMEDIA

50%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Koningsstraat 100

1000 Brussel

2.234.020.955

Rue de Coquelet 134

5000 Namur

Active since 14 September 2013

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.

All companies at this address →

Les Editions rurales - De Landelijke Uitgeverijen same network

€ 5.2 million revenue · 2025

GROUPE VLAN same network

€ 10.1 million revenue · 2025

ROSSEL & Cie same network

€ 108.8 million revenue · 2025

Rossel-Hurbain same network

€ 148,519 gross margin · 2025

Auxiliaire Rossel

€ 130,001 gross margin · 2025

+24 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: 0839.044.852
VAT number: BE 0839.044.852
Registered office: Koningsstraat 100, 1000 Brussel
Names & denominations: REFERENCES
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 6 September 2011
Peppol: Active · Active since 1 Jan 2001
Activities · NACE: Mediarepresentatie

View on CBE Public ↗ Annual accounts (NBB) ↗

REFERENCES

Warning lights

Financials

What happened to REFERENCES?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions