Lex Projects
ActiveSummary
The computed 12-month bankruptcy probability of Lex Projects is 1.8% (moderate). The 2025 annual accounts show equity of €16k and a net result of €-14k. Its solvency ranks better than 36% of 1309 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability34
Solvency30
Growth-
Track record67
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.54; short-term debt: 31.1% and cash: 15.7% of total assets), and 95.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.9%
Return on assets
-4.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filingDeviation from the deadline
2025
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€16k
Total assets
€318k
Net result
€-14k
Working capital
€-45k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €318k
Fixed assets
€265k
Current assets
€54k
Equity and liabilities €318k
Equity
€16k
Debt
€303k
Debt finances 95.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€44k
Cash flow
€26k
Current ratio
0.54
Debt to equity
19.27
ROE
-91.1%
ROA
-4.5%
Interest coverage
2.48
Debt ≤ 1 year
€99k
Debt > 1 year
€204k
Income taxes
€111
Staff costs
€97k
Filed annual accounts As filed with the NBB · 2025 · 42 lines
Balance sheet
Code2025
Assets
Total assets20/58€318k
Fixed assets21/28€265k
Intangible fixed assets21€208k
Tangible fixed assets22/27€56k
Plant, machinery and equipment23€2k
Furniture and vehicles24€5k
Leasing and similar rights25€25k
Other tangible fixed assets26€24k
Financial fixed assets28€360
Current assets29/58€54k
Amounts receivable within one year40/41€2k
Other amounts receivable41€2k
Cash at bank and in hand54/58€50k
Deferred charges and accrued income490/1€2k
Equity and liabilities
Total equity and liabilities10/49€318k
Equity10/15€16k
Contributions10/11€30k
Profit (loss) carried forward14€-14k
Amounts payable17/49€303k
Amounts payable after more than one year17€204k
Financial debts170/4€204k
Amounts payable within one year42/48€99k
Current portion of amounts payable after more than one year42€32k
Trade debts44€52k
Suppliers440/4€52k
Taxes, remuneration and social security45€15k
Taxes450/3€6k
Remuneration and social security454/9€9k
Income statement
Code2025
Remuneration, social security and pensions62€97k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k
Other operating charges640/8€8k
Gross operating margin9900€149k
Operating profit (loss)9901€4k
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€18k
Recurring financial charges65€18k
Profit (loss) for the period before taxes9903€-14k
Income taxes67/77€111
Profit (loss) for the period9904€-14k
Profit (loss) for the period to be appropriated9905€-14k
Appropriation of the result
Profit (loss) to be appropriated9906€-14k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €97k |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k |
| Other operating charges640/8 | €8k |
| Gross operating margin9900 | €149k |
| Operating profit (loss)9901 | €4k |
| Financial income75/76B | €6 |
| Recurring financial income75 | €6 |
| Financial charges65/66B | €18k |
| Recurring financial charges65 | €18k |
| Profit (loss) for the period before taxes9903 | €-14k |
| Income taxes67/77 | €111 |
| Profit (loss) for the period9904 | €-14k |
| Profit (loss) for the period to be appropriated9905 | €-14k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €318k | |
| Fixed assets21/28 | €265k | |
| Intangible fixed assets21 | €208k | |
| Tangible fixed assets22/27 | €56k | |
| Plant, machinery and equipment23 | €2k | |
| Furniture and vehicles24 | €5k | |
| Leasing and similar rights25 | €25k | |
| Other tangible fixed assets26 | €24k | |
| Financial fixed assets28 | €360 | |
| Current assets29/58 | €54k | |
| Amounts receivable within one year40/41 | €2k | |
| Other amounts receivable41 | €2k | |
| Cash at bank and in hand54/58 | €50k | |
| Deferred charges and accrued income490/1 | €2k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €318k | |
| Equity10/15 | €16k | |
| Contributions10/11 | €30k | |
| Profit (loss) carried forward14 | €-14k | |
| Amounts payable17/49 | €303k | |
| Amounts payable after more than one year17 | €204k | |
| Financial debts170/4 | €204k | |
| Amounts payable within one year42/48 | €99k | |
| Current portion of amounts payable after more than one year42 | €32k | |
| Trade debts44 | €52k | |
| Suppliers440/4 | €52k | |
| Taxes, remuneration and social security45 | €15k | |
| Taxes450/3 | €6k | |
| Remuneration and social security454/9 | €9k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €-14k |
| + Depreciation and write-downs630 | €40k |
| Operating cash flow (approximation) | €26k |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
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, Avelgem · 1 establishment unit since 2024
Ground area
863 m²
Building footprint
566 m²
Volume, LiDAR
4,417 m³
2 parcels, Flanders · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Flandria Hotel
since 20242.369.788.192
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1402/00B000 | Flanders | 438 m² | 1 · 404 m² | 15.0 m · 3 fl. |
| 34003A0489/00N002 | Flanders | 425 m² | 1 · 162 m² | 10.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.369.788.192
Similar companies · same sector, comparable size
RAPHAEL HOTEL MANAGEMENT SERVICES
BE 1030.883.039
Oudergem · Eq €15,659
L'ESPLANADE
BE 0417.457.910
Marche-en-Famenne · Eq €15,415
LE CHAMPERDRIX
BE 0471.338.044
Wanze · Eq €15,392
DILAN
BE 0452.608.433
Blankenberge · Eq €16,027
VERMEIRE PASCAL
BE 0773.869.562
De Haan · Eq €16,091
Of 2,393 companies in sector 55100 we hold annual accounts for 1,514. 611 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
Founded20-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
56210Event catering
Contact
Website
www.flandriahotel.beGent
Scores and ratios are computed by Checked and are not a credit decision.