Lex-Iris
ActiveSummary
Lex-Iris has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €841,898 and a net result of €352,107. Equity is growing by ~57% per year across the filed fiscal years. Its solvency ranks better than 46% of 2936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-2
Solvency63▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.89 in 2023; short-term debt: 47.6% and cash: 27.7% of total assets), and 62.2% of the assets are financed with debt.
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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 2024Solvency, return and age of the figures
Solvency
37.8%
Return on assets
15.8%
Age of the figures
21 mo
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 28-07-2025, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
on the day
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 9 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€841,898▲ 71.9%
2023 · €489,792
Total assets
€2.2m▲ 14.4%
2023 · €1.9m
Net result
€352,107▲ 1.8%
2023 · €345,902
Working capital
€53,604
2023 · -€115,271
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€342,195-€426,895▲ 24.8%€529,762▲ 24.1%
Net result€243,890-€345,902▲ 41.8%€352,107▲ 1.8%
Equity€283,890-€489,792▲ 72.5%€841,898▲ 71.9%
Total assets€1.9m-€1.9m▲ 2.0%€2.2m▲ 14.4%
Debt€1.6m-€1.5m▼ 10.3%€1.4m▼ 4.9%
Working capital-€172,891--€115,271▲ 33.3%€53,604
Staff (FTE)2.8-3.1▲ 10.7%4.3▲ 38.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 24% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.1m ▲ 5.5%
Current assets
€1.1m ▲ 24.9%
Equity and liabilities €2.2m
Equity
€841,898 ▲ 71.9%
Debt
€1.4m ▼ 4.9%
Debt's share of the balance-sheet total falls from 74.8% to 62.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€610,123▲
2023 · €495,242
Cash flow
€432,468▲
2023 · €414,249
Current ratio
1.05▲
2023 · 0.89
Debt to equity
1.65▼
2023 · 2.97
ROE
41.8%▼
2023 · 70.6%
ROA
15.8%▼
2023 · 17.8%
Interest coverage
34.22▲
2023 · 28.13
Debt ≤ 1 year
€1.1m▲
2023 · €1.0m
Debt > 1 year
€317,316▼
2023 · €446,471
Income taxes
€159,824▲
2023 · €63,400
Staff costs
€210,594▲
2023 · €136,600
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 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
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 39,275 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €170,760 | €136,600 | €210,594 | ▲ 54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,619 | €68,347 | €80,361 | ▲ 17.6% |
| Other operating charges640/8 | €2,620 | €384 | €4,895 | ▲ 1,173% |
| Non-recurring operating charges66A | €14,561 | - | - | - |
| Gross operating margin9900 | €610,754 | €632,226 | €825,613 | ▲ 30.6% |
| Operating profit (loss)9901 | €342,195 | €426,895 | €529,762 | ▲ 24.1% |
| Financial income75/76B | - | €10 | - | - |
| Recurring financial income75 | - | €10 | - | - |
| Financial charges65/66B | €23,528 | €17,603 | €17,831 | ▲ 1.3% |
| Recurring financial charges65 | €23,528 | €17,603 | €17,831 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €318,667 | €409,302 | €511,931 | ▲ 25.1% |
| Income taxes67/77 | €74,777 | €63,400 | €159,824 | ▲ 152% |
| Profit (loss) for the period9904 | €243,890 | €345,902 | €352,107 | ▲ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €243,890 | €345,902 | €352,107 | ▲ 1.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.9m | €1.9m | €2.2m | ▲ 14.4% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | ▲ 5.5% |
| Intangible fixed assets21 | €1.1m | €1.0m | €967,597 | ▼ 5.6% |
| Tangible fixed assets22/27 | €33,206 | €22,718 | €145,235 | ▲ 539% |
| Land and buildings22 | - | - | €123,946 | - |
| Furniture and vehicles24 | €33,206 | €22,718 | €21,289 | ▼ 6.3% |
| Financial fixed assets28 | - | €6,372 | - | - |
| Current assets29/58 | €792,253 | €892,368 | €1.1m | ▲ 24.9% |
| Amounts receivable within one year40/41 | €190,311 | €304,469 | €498,783 | ▲ 63.8% |
| Trade receivables40 | €184,662 | €298,721 | €493,019 | ▲ 65.0% |
| Other amounts receivable41 | €5,649 | €5,748 | €5,764 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €599,225 | €585,218 | €616,027 | ▲ 5.3% |
| Deferred charges and accrued income490/1 | €2,718 | €2,680 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €2.2m | ▲ 14.4% |
| Equity10/15 | €283,890 | €489,792 | €841,898 | ▲ 71.9% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €243,890 | €449,792 | €801,898 | ▲ 78.3% |
| Distributable reserves133 | €243,890 | €449,792 | €801,898 | ▲ 78.3% |
| Amounts payable17/49 | €1.6m | €1.5m | €1.4m | ▼ 4.9% |
| Amounts payable after more than one year17 | €656,184 | €446,471 | €317,316 | ▼ 28.9% |
| Financial debts170/4 | €656,184 | €446,471 | €317,316 | ▼ 28.9% |
| Amounts payable within one year42/48 | €965,144 | €1.0m | €1.1m | ▲ 5.3% |
| Current portion of amounts payable after more than one year42 | €206,791 | €209,713 | €238,409 | ▲ 13.7% |
| Trade debts44 | €34,245 | €39,322 | €55,011 | ▲ 39.9% |
| Suppliers440/4 | €34,245 | €39,322 | €55,011 | ▲ 39.9% |
| Taxes, remuneration and social security45 | €149,551 | €148,802 | €206,223 | ▲ 38.6% |
| Taxes450/3 | €132,162 | €130,575 | €180,808 | ▲ 38.5% |
| Remuneration and social security454/9 | €17,389 | €18,227 | €25,416 | ▲ 39.4% |
| Other amounts payable47/48 | €574,557 | €609,801 | €561,562 | ▼ 7.9% |
| Accrued charges and deferred income492/3 | €3,556 | €3,012 | €7,221 | ▲ 140% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €243,890 | €345,902 | €352,107 | ▲ 1.8% |
| + Depreciation and write-downs630 | €80,619 | €68,347 | €80,361 | ▲ 17.6% |
| Operating cash flow (approximation) | €324,509 | €414,249 | €432,468 | ▲ 4.4% |
| Investment in fixed assets (approximation) | - | -€6,372 | -€138,647 | ▼ 2,076% |
| Change in cash | - | -€14,007 | €30,809 | ▲ 320% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €352,107 ▲1.8%
Operating result €529,762, net result €352,107, both a record.
31-12
Financial
Equity above €500,000Eq €841,898 ▲71.9%
3 profitable years in a row build equity to €841,898.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 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, Evere · 1 establishment unit since 2021
Ground area
3,432 m²
Parcel 21006A0306/00K000, Brussels. Linked by address, not a title deed.
1 establishment unit
Lex-Iris
since 20212.326.244.991
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0306/00K000indicative | Brussels | 3,432 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 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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Of 1,019 companies in sector 69103 we hold annual accounts for 611. 376 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
Founded30-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69103Activities of bailiffs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0774854608
Also
9925:BE0774854608
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.