HD LEX
ActiveSummary
HD LEX has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €87,114 and a net result of €25,452. Equity is growing by ~40.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 15375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.66 in 2023; short-term debt: 10.6% and cash: 13.4% of total assets), and 10.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
63 d early
2022
76 d early
2021
41 d early
2020
47 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€87,114▲ 41.3%
2023 · €61,661
Total assets
€97,494▲ 26.7%
2023 · €76,955
Net result
€25,452▲ 39.9%
2023 · €18,191
Working capital
€5,392▼ 78.7%
2023 · €25,321
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€15,407▲ 170%€13,247▼ 14.0%€11,432▼ 13.7%€26,050▲ 128%€35,498▲ 36.3%
Net result€10,598within the sector's middle half▲ 210%€9,657within the sector's middle half▼ 8.9%€7,397within the sector's middle half▼ 23.4%€18,191within the sector's middle half▲ 146%€25,452within the sector's middle half▲ 39.9%
Equity€26,417below the sector's middle half▲ 67.0%€36,074within the sector's middle half▲ 36.6%€43,470within the sector's middle half▲ 20.5%€61,661within the sector's middle half▲ 41.8%€87,114within the sector's middle half▲ 41.3%
Total assets€43,342below the sector's middle half▲ 94.5%€44,037below the sector's middle half▲ 1.6%€56,181below the sector's middle half▲ 27.6%€76,955below the sector's middle half▲ 37.0%€97,494within the sector's middle half▲ 26.7%
Debt€16,925▲ 162%€7,963▼ 53.0%€12,711▲ 59.6%€15,293▲ 20.3%€10,380▼ 32.1%
Working capital€26,417within the sector's middle half▲ 67.0%€16,799within the sector's middle half▼ 36.4%€13,572within the sector's middle half▼ 19.2%€25,321within the sector's middle half▲ 86.6%€5,392below the sector's middle half▼ 78.7%
Solvency61.0%within the sector's middle half▼ 10.0pp81.9%above the sector's middle half▲ 21.0pp77.4%above the sector's middle half▼ 4.5pp80.1%above the sector's middle half▲ 2.8pp89.4%above the sector's middle half▲ 9.2pp
Current ratio2.56within the sector's middle half▼ 0.893.11within the sector's middle half▲ 0.552.07within the sector's middle half▼ 1.042.66within the sector's middle half▲ 0.591.52within the sector's middle half▼ 1.14
Return on assets (ROA)24.5%above the sector's middle half▲ 9.1pp21.9%within the sector's middle half▼ 2.5pp13.2%within the sector's middle half▼ 8.8pp23.6%within the sector's middle half▲ 10.5pp26.1%within the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 36% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97,494
Fixed assets
€81,722 ▲ 125%
Current assets
€15,772 ▼ 61.2%
Equity and liabilities €97,494
Equity
€87,114 ▲ 41.3%
Debt
€10,380 ▼ 32.1%
Debt's share of the balance-sheet total falls from 19.9% to 10.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,742▲
2023 · €30,502
Cash flow
€32,696▲
2023 · €22,643
Debt to equity
0.12▼
2023 · 0.25
ROE
29.2%▼
2023 · 29.5%
Interest coverage
193.25▲
2023 · 93.64
Debt ≤ 1 year
€10,380▼
2023 · €15,293
Income taxes
€12,687▲
2023 · €7,533
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €62 | €2,679 | €4,452 | €7,244 | ▲ 62.7% |
| Other operating charges640/8 | - | €932 | €1,032 | €1,409 | €1,558 | ▲ 10.6% |
| Gross operating margin9900 | €16,427 | €14,241 | €15,143 | €31,911 | €44,300 | ▲ 38.8% |
| Operating profit (loss)9901 | €15,407 | €13,247 | €11,432 | €26,050 | €35,498 | ▲ 36.3% |
| Financial income75/76B | - | - | €0 | - | €2,863 | - |
| Recurring financial income75 | €58 | - | €0 | - | €2,863 | - |
| Financial charges65/66B | - | €406 | €591 | €326 | €221 | ▼ 32.1% |
| Recurring financial charges65 | €248 | €406 | €591 | €326 | €221 | ▼ 32.1% |
| Profit (loss) for the period before taxes9903 | €15,216 | €12,841 | €10,841 | €25,724 | €38,140 | ▲ 48.3% |
| Income taxes67/77 | €4,619 | €3,184 | €3,444 | €7,533 | €12,687 | ▲ 68.4% |
| Profit (loss) for the period9904 | €10,598 | €9,657 | €7,397 | €18,191 | €25,452 | ▲ 39.9% |
| Profit (loss) for the period to be appropriated9905 | €10,598 | €9,657 | €7,397 | €18,191 | €25,452 | ▲ 39.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,342 | €44,037 | €56,181 | €76,955 | €97,494 | ▲ 26.7% |
| Fixed assets21/28 | - | €19,275 | €29,898 | €36,340 | €81,722 | ▲ 125% |
| Tangible fixed assets22/27 | - | €19,275 | €29,898 | €36,340 | €81,722 | ▲ 125% |
| Plant, machinery and equipment23 | - | - | - | €1,251 | €4,920 | ▲ 293% |
| Furniture and vehicles24 | - | - | €4,217 | €3,355 | €48,801 | ▲ 1,355% |
| Other tangible fixed assets26 | - | €19,275 | €25,682 | €31,734 | €28,000 | ▼ 11.8% |
| Current assets29/58 | €43,342 | €24,762 | €26,283 | €40,615 | €15,772 | ▼ 61.2% |
| Amounts receivable within one year40/41 | €9,038 | €1,663 | €1,248 | €6,488 | €381 | ▼ 94.1% |
| Trade receivables40 | - | €1,567 | €1,248 | €6,488 | €381 | ▼ 94.1% |
| Other amounts receivable41 | - | €95 | - | - | - | - |
| Cash at bank and in hand54/58 | €29,210 | €21,434 | €23,380 | €32,702 | €13,077 | ▼ 60.0% |
| Deferred charges and accrued income490/1 | - | €1,665 | €1,654 | €1,425 | €2,315 | ▲ 62.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,342 | €44,037 | €56,181 | €76,955 | €97,494 | ▲ 26.7% |
| Equity10/15 | €26,417 | €36,074 | €43,470 | €61,661 | €87,114 | ▲ 41.3% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €14,017 | €23,674 | €31,070 | €49,261 | €74,714 | ▲ 51.7% |
| Distributable reserves133 | - | €23,674 | €31,070 | €49,261 | €74,714 | ▲ 51.7% |
| Amounts payable17/49 | €16,925 | €7,963 | €12,711 | €15,293 | €10,380 | ▼ 32.1% |
| Amounts payable within one year42/48 | €16,925 | €7,963 | €12,711 | €15,293 | €10,380 | ▼ 32.1% |
| Trade debts44 | - | €455 | €1,854 | €995 | €152 | ▼ 84.7% |
| Suppliers440/4 | - | €455 | €1,854 | €995 | €152 | ▼ 84.7% |
| Taxes, remuneration and social security45 | - | €4,284 | €6,200 | €7,600 | €7,456 | ▼ 1.9% |
| Taxes450/3 | - | €4,284 | €6,200 | €7,600 | €7,456 | ▼ 1.9% |
| Other amounts payable47/48 | - | €3,224 | €4,657 | €6,698 | €2,771 | ▼ 58.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,598 | €9,657 | €7,397 | €18,191 | €25,452 | ▲ 39.9% |
| + Depreciation and write-downs630 | - | €62 | €2,679 | €4,452 | €7,244 | ▲ 62.7% |
| Operating cash flow (approximation) | €10,598 | €9,719 | €10,076 | €22,643 | €32,696 | ▲ 44.4% |
| Investment in fixed assets (approximation) | - | - | -€13,302 | -€10,894 | -€52,625 | ▼ 383% |
| Change in cash | - | -€7,777 | €1,947 | €9,321 | -€19,625 | ▼ 311% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €25,452 ▲39.9%
Operating result €35,498, net result €25,452, both a record.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wommelgem · 1 establishment unit since 2018
Ground area
1,068 m²
Building footprint
209 m²
Parcel 11052D0179/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
HD LEX
since 20182.279.335.001
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052D0179/00Z000 | Flanders | 1,068 m² | 1 · 209 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 329 EUR awarded · 329 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 78 EUR | 78 EUR |
| 2023 | 1 | 87 EUR | 87 EUR |
| 2022 | 1 | 164 EUR | 164 EUR |
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,554 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701751250
Also
9925:BE0701751250
Registered
11-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.