INA LEX
ActiveSummary
INA LEX has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,500 and a net result of €48,843. Equity is shrinking by ~25.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 8% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+30
Solvency29▲+1
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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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
4%
Return on assets
78.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 12819 sector peers (2025).
NBB · sector comparisonPosition among 12819 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
29 d late
2023
29 d late
2022
24 d early
2021
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 18 days after 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 (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. Usually files around 29 August (5 of the last 5 filed years within 60 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€2,500=
2024 · €2,500
Total assets
€61,940▼ 27.8%
2024 · €85,775
Net result
€48,843▲ 4,268%
2024 · €1,118
Working capital
-€6,664▲ 0.4%
2024 · -€6,694
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
Line20212022202320242025
Operating result€38,896-€45,056▲ 15.8%€32,170▼ 28.6%€1,489▼ 95.4%€66,718▲ 4,380%
Net result€32,562within the sector's middle half-€32,815within the sector's middle half▲ 0.8%€23,674within the sector's middle half▼ 27.9%€1,118below the sector's middle half▼ 95.3%€48,843within the sector's middle half▲ 4,268%
Equity€20,062below the sector's middle half-€52,877within the sector's middle half▲ 164%€76,551within the sector's middle half▲ 44.8%€2,500below the sector's middle half▼ 96.7%€2,500below the sector's middle half=
Total assets€57,365below the sector's middle half-€91,536below the sector's middle half▲ 59.6%€106,008within the sector's middle half▲ 15.8%€85,775below the sector's middle half▼ 19.1%€61,940below the sector's middle half▼ 27.8%
Debt€37,304-€38,659▲ 3.6%€29,457▼ 23.8%€83,275▲ 183%€59,440▼ 28.6%
Working capital€19,822within the sector's middle half-€52,627within the sector's middle half▲ 166%€68,877within the sector's middle half▲ 30.9%-€6,694below the sector's middle half-€6,664below the sector's middle half▲ 0.4%
Solvency35.0%within the sector's middle half-57.8%within the sector's middle half▲ 22.8pp72.2%within the sector's middle half▲ 14.4pp2.9%below the sector's middle half▼ 69.3pp4.0%below the sector's middle half▲ 1.1pp
Current ratio1.53within the sector's middle half-2.36within the sector's middle half▲ 0.833.34within the sector's middle half▲ 0.980.92below the sector's middle half▼ 2.420.89below the sector's middle half▼ 0.03
Return on assets (ROA)56.8%above the sector's middle half-35.8%above the sector's middle half▼ 20.9pp22.3%within the sector's middle half▼ 13.5pp1.3%below the sector's middle half▼ 21.0pp78.9%above the sector's middle half▲ 77.6pp
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
The operating result recovers in 2025; 2025 is 4,380% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,940
Fixed assets
€9,164 ▼ 0.3%
Current assets
€52,776 ▼ 31.1%
Equity and liabilities €61,940
Equity
€2,500 =
Debt
€59,440 ▼ 28.6%
Debt's share of the balance-sheet total falls from 97.1% to 96.0%. Debt is lower.
Key figures and ratios
EBITDA
€68,831▲
2024 · €2,593
Cash flow
€50,955▲
2024 · €2,222
Debt to equity
23.78▼
2024 · 33.31
Interest coverage
216.10▲
2024 · 20.05
Debt ≤ 1 year
€59,440▼
2024 · €83,275
Income taxes
€17,562▲
2024 · €790
A ratio outside any meaningful range has been withheld (balance sheet total €61,940, equity €2,500).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 2,151 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €78 | €1,103 | €2,113 | ▲ 91.5% |
| Other operating charges640/8 | €353 | - | €1,045 | - | €775 | - |
| Gross operating margin9900 | €39,249 | €45,056 | €33,293 | €2,593 | €69,606 | ▲ 2,585% |
| Operating profit (loss)9901 | €38,896 | €45,056 | €32,170 | €1,489 | €66,718 | ▲ 4,380% |
| Financial income75/76B | - | €10 | €0 | €548 | €5 | ▼ 99.1% |
| Recurring financial income75 | - | €10 | €0 | €548 | €5 | ▼ 99.1% |
| Financial charges65/66B | €35 | €501 | €195 | €129 | €319 | ▲ 146% |
| Recurring financial charges65 | €35 | €501 | €195 | €129 | €319 | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €38,862 | €44,566 | €31,975 | €1,908 | €66,405 | ▲ 3,380% |
| Income taxes67/77 | €6,300 | €11,751 | €8,301 | €790 | €17,562 | ▲ 2,123% |
| Profit (loss) for the period9904 | €32,562 | €32,815 | €23,674 | €1,118 | €48,843 | ▲ 4,268% |
| Profit (loss) for the period to be appropriated9905 | €32,562 | €32,815 | €23,674 | €1,118 | €48,843 | ▲ 4,268% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,365 | €91,536 | €106,008 | €85,775 | €61,940 | ▼ 27.8% |
| Fixed assets21/28 | €240 | €250 | €7,674 | €9,194 | €9,164 | ▼ 0.3% |
| Tangible fixed assets22/27 | - | - | €7,424 | €8,944 | €8,914 | ▼ 0.3% |
| Furniture and vehicles24 | - | - | - | - | €1,432 | - |
| Other tangible fixed assets26 | - | - | €7,424 | €8,944 | €7,481 | ▼ 16.4% |
| Financial fixed assets28 | €240 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €57,125 | €91,286 | €98,334 | €76,582 | €52,776 | ▼ 31.1% |
| Amounts receivable within one year40/41 | €19,611 | €19,551 | €24,366 | €19,225 | €4,441 | ▼ 76.9% |
| Trade receivables40 | €19,611 | €19,551 | €19,667 | - | €2,442 | - |
| Other amounts receivable41 | - | - | €4,699 | €19,225 | €1,999 | ▼ 89.6% |
| Cash at bank and in hand54/58 | €37,514 | €71,735 | €73,968 | €53,157 | €46,564 | ▼ 12.4% |
| Deferred charges and accrued income490/1 | - | - | - | €4,200 | €1,771 | ▼ 57.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,365 | €91,536 | €106,008 | €85,775 | €61,940 | ▼ 27.8% |
| Equity10/15 | €20,062 | €52,877 | €76,551 | €2,500 | €2,500 | = |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €17,562 | €50,377 | €74,051 | - | - | - |
| Amounts payable17/49 | €37,304 | €38,659 | €29,457 | €83,275 | €59,440 | ▼ 28.6% |
| Amounts payable within one year42/48 | €37,304 | €38,659 | €29,457 | €83,275 | €59,440 | ▼ 28.6% |
| Trade debts44 | €759 | €1,247 | €6,357 | €1,759 | €2,353 | ▲ 33.8% |
| Suppliers440/4 | €759 | €1,247 | €6,357 | €1,759 | €2,353 | ▲ 33.8% |
| Taxes, remuneration and social security45 | €11,484 | €23,104 | €14,341 | €6,348 | €8,244 | ▲ 29.9% |
| Taxes450/3 | €11,484 | €23,104 | €14,341 | €6,348 | €8,244 | ▲ 29.9% |
| Other amounts payable47/48 | €25,060 | €14,308 | €8,759 | €75,169 | €48,843 | ▼ 35.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,562 | €32,815 | €23,674 | €1,118 | €48,843 | ▲ 4,268% |
| + Depreciation and write-downs630 | - | - | €78 | €1,103 | €2,113 | ▲ 91.5% |
| Operating cash flow (approximation) | €32,562 | €32,815 | €23,752 | €2,222 | €50,955 | ▲ 2,194% |
| Investment in fixed assets (approximation) | - | -€10 | -€7,502 | -€2,624 | -€2,083 | ▲ 20.6% |
| Change in cash | - | €34,221 | €2,233 | -€20,811 | -€6,592 | ▲ 68.3% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €48,843 ▲4,268%
Operating result €66,718, net result €48,843, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €1,118 ▼95.3%
Net result drops to €1,118, 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
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2021
Ground area
820 m²
Building footprint
758 m²
Volume, LiDAR
7,970 m³
Parcel 11810K1519/00D002, Flanders · tallest building 23.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
INA LEX
since 20212.319.596.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1519/00D002 | Flanders | 820 m² | 1 · 758 m² | 23.4 m · 1 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.
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FISCASIER
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 1,889 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
Founded08-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770916111
Registered
08-01-2026
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.