Financials
- Fiscal year
- 2025
- Total assets
- €1.5m
- Profit
- €2,334
- Solvency
- -3.1%
Total assets▼ 4.0%
Net result
20212025
LEX
ActiveSummary
LEX has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€46,728) and a net result of €2,334. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 16752 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€1.5mtotal assets 2025
- Equity
- -€46,728
- Profit
- €2,334
Turnover not published (abridged schema)
Structure
Accounts filed 24 d late0 of 2 deeds read
Why 55Capped at 59: negative equity- Liquidity: current ratio 0.03, cash €2,986, halved- Negative equity -€46,728+ Size: total assets €1.5m+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 41% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
22=
equity -3.1% of total assets
Liquidity
50-1
short-term debt 6.9% · cash 0.2%
Profitability
40+17
return on assets 0.2%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%lowest value
12-2024: 0.4%▲ +15.4% vs 11-2024
01-2025: 0.4%▲ +8.5% vs 12-2024
02-2025: 0.3%▼ -13.1% vs 01-2025
03-2025: 0.3%● 0.0% vs 02-2025
04-2025: 0.3%● 0.0% vs 03-2025
05-2025: 0.3%● 0.0% vs 04-2025
06-2025: 0.3%● 0.0% vs 05-2025
07-2025: 0.3%▼ -0.6% vs 06-2025
08-2025: 0.3%▲ +4.8% vs 07-2025
09-2025: 0.4%▲ +1.7% vs 08-2025
10-2025: 0.4%▲ +5.7% vs 09-2025
11-2025: 0.4%▲ +13.1% vs 10-2025
12-2025: 0.4%▲ +6.4% vs 11-2025
01-2026: 0.5%▲ +14.3% vs 12-2025
02-2026: 0.8%▲ +56.3% vs 01-2026highest value
03-2026: 0.7%▼ -11.0% vs 02-2026
04-2026: 0.8%▲ +7.8% vs 03-2026
05-2026: 0.8%▼ -0.4% vs 04-2026
06-2026: 0.8%● 0.0% vs 05-2026
07-2026: 0.8%● 0.0% vs 06-2026
08-2026: 0.8%● 0.0% vs 07-2026
09-2026: 0.8%▲ +1.2% vs 08-2026
10-2026: 0.8%▲ +3.4% vs 09-2026highest value
- Liquidity: current ratio 0.03, cash €2,986, halved raises the probability
- Size: total assets €1.5m lowers the probability for this profile
- Negative equity -€46,728 raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
No credit on open account
Liquidity short (current ratio 0.03 against 0.1 in 2024; short-term debt: 6.9% and cash: 0.2% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 17%, liquidity 52%, profitability 35%, growth against the median 58%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 16752 sector peers (2025).
NBB · sector comparisonPosition among 16752 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-02-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
24 d late
2024
2 d early
2023
2 d early
2022
1 d early
2021
on the day
← 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 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close05-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €2,334
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 8
- Since
- 2022
- Next accounts
- by 31-01-2027
- 24-02-2026Annual accounts filed
- 30-06-2025Back to profit
- 29-01-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 09-01-2020
- Year ends
- 30-06
- Peppol
- Not found in the Peppol directory
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