I-Lex
ActiveSummary
I-Lex has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €34k. Equity is growing by ~40.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+83
Solvency62▲+14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.29 in 2024; short-term debt: 62.7% and cash: 85.4% of total assets), but 62.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.3%
Return on assets
21.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
28 d late
2024
60 d late
2023
29 d late
2022
25 d late
2021
31 d late
2020
52 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€58k▲ 137%
2024 · €25k
2020: €11klowest in 6 years
2021: €15k▲ +43.3% vs 2020
2022: €57k▲ +270% vs 2021
2023: €88k▲ +55.9% vs 2022highest in 6 years
2024: €25k▼ -72.1% vs 2023
2025: €58k▲ +137% vs 2024
2020 → 2025
Total assets
€156k▲ 48.0%
2024 · €106k
2020: €39klowest in 6 years
2021: €57k▲ +43.9% vs 2020
2022: €131k▲ +131% vs 2021
2023: €175k▲ +33.9% vs 2022highest in 6 years
2024: €106k▼ -39.6% vs 2023
2025: €156k▲ +48.0% vs 2024
2020 → 2025
Net result
€34k
2024 · €-5k
2020: €8k
2021: €5k▼ -39.8% vs 2020
2022: €41k▲ +794% vs 2021highest in 6 years
2023: €32k▼ -23.4% vs 2022
2024: €-5k▼ -115% vs 2023lowest in 6 years
2025: €34k▲ +812% vs 2024
2020 → 2025
Working capital
€55k▲ 138%
2024 · €23k
2020: €9klowest in 6 years
2021: €15k▲ +73.7% vs 2020
2022: €56k▲ +262% vs 2021
2023: €86k▲ +55.6% vs 2022highest in 6 years
2024: €23k▼ -73.2% vs 2023
2025: €55k▲ +138% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€57k▲ 270%€88k▲ 55.9%€25k▼ 72.1%€58k▲ 137%
2021: €15klowest in 5 years
2022: €57k▲ +270% vs 2021
2023: €88k▲ +55.9% vs 2022highest in 5 years
2024: €25k▼ -72.1% vs 2023
2025: €58k▲ +137% vs 2024
Operating result€8k-€55k▲ 573%€43k▼ 22.1%€-4k€48k
2021: €8k
2022: €55k▲ +573% vs 2021highest in 5 years
2023: €43k▼ -22.1% vs 2022
2024: €-4k▼ -109% vs 2023lowest in 5 years
2025: €48k▲ +1314% vs 2024
Net result€5k-€41k▲ 794%€32k▼ 23.4%€-5k€34k
2021: €5k
2022: €41k▲ +794% vs 2021highest in 5 years
2023: €32k▼ -23.4% vs 2022
2024: €-5k▼ -115% vs 2023lowest in 5 years
2025: €34k▲ +812% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €48k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€3k ▲ 130%
Current assets
€153k ▲ 46.9%
Equity and liabilities €156k
Equity
€58k ▲ 137%
Debt
€98k ▲ 20.9%
Debt's share of the balance-sheet total falls from 76.7% to 62.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50k▲
2024 · €-3k
Cash flow
€35k▲
2024 · €-4k
Current ratio
1.56▲
2024 · 1.29
Debt to equity
1.68▼
2024 · 3.29
ROE
57.8%▲
2024 · -19.3%
ROA
21.6%▲
2024 · -4.5%
Interest coverage
225.40▲
2024 · -8.60
Debt ≤ 1 year
€98k▲
2024 · €81k
Income taxes
€14k▲
2024 · €429
Staff costs
€1k▲
2024 · €484
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€106k€156k▲
Fixed assets21/28€1k€3k▲
Tangible fixed assets22/27€1k€3k▲
Plant, machinery and equipment23€1k€442▼
Furniture and vehicles24€298€3k▲
Current assets29/58€104k€153k▲
Amounts receivable within one year40/41€15k€20k▲
Trade receivables40€3k€3k▲
Other amounts receivable41€12k€17k▲
Cash at bank and in hand54/58€89k€134k▲
Equity and liabilities
Total equity and liabilities10/49€106k€156k▲
Equity10/15€25k€58k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€22k€55k▲
Amounts payable17/49€81k€98k▲
Amounts payable within one year42/48€81k€98k▲
Trade debts44€74k€78k▲
Suppliers440/4€74k€78k▲
Taxes, remuneration and social security45€7k€20k▲
Taxes450/3€7k€20k▲
Other amounts payable47/48€5€118▲
Income statement
Code20242025
Remuneration, social security and pensions62€484€1k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€981€1k▲
Other operating charges640/8€10k€2k▼
Gross operating margin9900€7k€53k▲
Operating profit (loss)9901€-4k€48k▲
Financial charges65/66B€348€220▼
Recurring financial charges65€348€220▼
Profit (loss) for the period before taxes9903€-4k€48k▲
Income taxes67/77€429€14k▲
Profit (loss) for the period9904€-5k€34k▲
Profit (loss) for the period to be appropriated9905€-5k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€55k▼
Profit (loss) brought forward from the previous period14P€85k€22k▼
Profit to be distributed694/7€59k-
Return on contributions (dividend)694€59k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €27 | €671 | €2k | €484 | €1k | ▲ 152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €387 | €387 | €743 | €981 | €1k | ▲ 46.2% |
| Other operating charges640/8 | €2k | €474 | €384 | €10k | €2k | ▼ 81.2% |
| Gross operating margin9900 | €11k | €56k | €45k | €7k | €53k | ▲ 639% |
| Operating profit (loss)9901 | €8k | €55k | €43k | €-4k | €48k | ▲ 1,314% |
| Financial charges65/66B | €141 | €153 | €171 | €348 | €220 | ▼ 36.7% |
| Recurring financial charges65 | €141 | €153 | €171 | €348 | €220 | ▼ 36.7% |
| Profit (loss) for the period before taxes9903 | €8k | €55k | €42k | €-4k | €48k | ▲ 1,211% |
| Income taxes67/77 | €3k | €13k | €11k | €429 | €14k | ▲ 3,209% |
| Profit (loss) for the period9904 | €5k | €41k | €32k | €-5k | €34k | ▲ 812% |
| Profit (loss) for the period to be appropriated9905 | €5k | €41k | €32k | €-5k | €34k | ▲ 812% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €131k | €175k | €106k | €156k | ▲ 48.0% |
| Fixed assets21/28 | €1k | €1k | €2k | €1k | €3k | ▲ 130% |
| Tangible fixed assets22/27 | €1k | €1k | €2k | €1k | €3k | ▲ 130% |
| Plant, machinery and equipment23 | - | - | €1k | €1k | €442 | ▼ 61.1% |
| Furniture and vehicles24 | €1k | €1k | €685 | €298 | €3k | ▲ 862% |
| Current assets29/58 | €55k | €130k | €173k | €104k | €153k | ▲ 46.9% |
| Amounts receivable within one year40/41 | - | €11k | €51k | €15k | €20k | ▲ 29.7% |
| Trade receivables40 | - | €7k | €951 | €3k | €3k | ▲ 0.5% |
| Other amounts receivable41 | - | €4k | €50k | €12k | €17k | ▲ 36.7% |
| Cash at bank and in hand54/58 | €55k | €119k | €123k | €89k | €134k | ▲ 49.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €131k | €175k | €106k | €156k | ▲ 48.0% |
| Equity10/15 | €15k | €57k | €88k | €25k | €58k | ▲ 137% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €12k | €54k | €85k | €22k | €55k | ▲ 156% |
| Amounts payable17/49 | €41k | €74k | €87k | €81k | €98k | ▲ 20.9% |
| Amounts payable within one year42/48 | €40k | €74k | €87k | €81k | €98k | ▲ 20.9% |
| Trade debts44 | €32k | €53k | €71k | €74k | €78k | ▲ 6.2% |
| Suppliers440/4 | €32k | €53k | €71k | €74k | €78k | ▲ 6.2% |
| Taxes, remuneration and social security45 | €6k | €19k | €16k | €7k | €20k | ▲ 166% |
| Taxes450/3 | €6k | €17k | €16k | €7k | €20k | ▲ 166% |
| Remuneration and social security454/9 | - | €2k | - | - | - | - |
| Other amounts payable47/48 | €2k | €2k | - | €5 | €118 | ▲ 2,257% |
| Accrued charges and deferred income492/3 | €2k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €41k | €32k | €-5k | €34k | ▲ 812% |
| + Depreciation and write-downs630 | €387 | €387 | €743 | €981 | €1k | ▲ 46.2% |
| Operating cash flow (approximation) | €5k | €42k | €32k | €-4k | €35k | ▲ 1,035% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-596 | €-3k | ▼ 455% |
| Change in cash | - | €64k | €4k | €-33k | €44k | ▲ 233% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2020net €41k ▲794%
Operating result €55k, net result €41k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2019
Ground area
2,081 m²
Building footprint
1,447 m²
Volume, LiDAR
21,651 m³
Parcel 21013B0040/00R022, Brussels · tallest building 23.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
I-Lex
since 20192.295.824.110
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0040/00R022 | Brussels | 2,081 m² | 1 · 1,447 m² | 23.1 m · 5 fl. |
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 · 1 entry · 62 EUR awarded · 62 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 62 EUR | 62 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 7,324 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
Founded31-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Contact
E-mail
stephanie.de_smet@edu.escpeurope.eu
Scores and ratios are computed by Checked and are not a credit decision.