Turnover
≈ €370,000 estimated
The micro format states no turnover.
Lex Projects
Overview
Lifetime
1 annual account with figurespeak €148,779 (2025)
€148,779
lowest -€14,298 (2025)
-€14,298
peak €15,702 (2025)
€15,702
€302,627
Board2 names since 2024
2 directors and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Loss of €14,298Appointment: (director) 22-04First year with figures
Key points
from the 2025 annual accountsDebts
€302,627 95% of the balance sheet
Financial debts 67%Suppliers 17%Taxes and wages 5%Other 10%
Of this, €98,861 falls due within a year.
Position in the sector
€148,779
Higher gross margin than 80% of companies in accommodation. Sector median €47,874 · 1,846 companies.
2025 accounts filed 31 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,303 companies had the same profile as Lex Projects has now. Each dot stands for 4 companies, two years later.
92.4%
were still trading
1.8%
stopped another way
5.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,303 companies, not a prediction for Lex Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 20-09-2024
Director, since 01-02-2025
- 300 sharesdeed of 24-09-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1013855480
Appointment: (director)
General meeting of 01-02-2025 · Gazette deed
Incorporation
Founding capital of €30,000, 300 shares · Founder: · Appointment: (director) · published on 24-09-2024 · Gazette deed
First establishment
Flandria Hotel, Barrestraat 3, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Lex Projects Avelgem | €318,329 | €148,779 | 4.9% | - |
| HOTEL GLENMORE Oostkamp | €242,889 | €203,732 | 1.2% | - |
| SP.CB Jalhay | €277,720 | €201,163 | 4.7% | - |
| VIEUX MOULIN WEYWERTZ Butgenbach | €405,514 | €193,107 | -23.8% | - |
| FOGEHO Woluwe-Saint-Pierre | €422,939 | €94,552 | 25.2% | - |
| Achouffe Valley Houffalize | €404,703 | €205,129 | 2.1% | - |
| BCS Brugge Bruges | €177,310 | €172,631 | 6.9% | - |
These companies have the same main activity as Lex Projects: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €177,000 and €423,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 20-09-2024Normal situation
- Activity
- Hotels and similar accommodationNACE 55100and 1 other
- Establishment unit
- 2.369.788.1929000 Ghent, since 20-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Annual accounts 2025
- €148,779
- €14,298
- €15,702
- €318,329
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 31-08-2026
Insights on Lex Projects
Lex Projects has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,702 and a net result of -€14,298.
Its solvency ranks better than 35% of 1,847 sector peers (NACE 55, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-08-2026, 31 days late€148,779
€3,582
-€14,298
-€45,276
4.9%
0.54
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €370,000. Estimated: probably between €250,000 and €580,000.
Balance sheet
balance sheet total €318,329 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
4.9%
Higher than 35% of 1,847 companies in 2025.
0.54
Higher than 46% of 1,790 companies in 2025.
-4.5%
Higher than 24% of 1,817 companies in 2025.
Lex Projects
Middle half of the sector
80% of the sector
Micro accounts in accommodation (NACE 55)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€64,406
Staff costs divided by the average number of full-time equivalents.
20 hours per contract
contracts started
contracts ended
In 2025, 188 short contracts started and 244 ended, on average 20 hours worked per contract. Staff averaged 1.5 full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
318,329 | |
21/28 |
264,744 | |
21 |
208,000 | |
22/27 |
56,384 | |
23 |
2,313 | |
24 |
4,631 | |
25 |
25,240 | |
26 |
24,200 | |
28 |
360 | |
29/58 |
53,585 | |
40/41 |
1,708 | |
41 |
1,708 | |
54/58 |
50,063 | |
490/1 |
1,814 | |
| Balance sheet: equity and liabilities | ||
10/49 |
318,329 | |
10/15 |
15,702 | |
10/11 |
30,000 | |
14 |
-14,298 | |
17/49 |
302,627 | |
17 |
203,765 | |
170/4 |
203,765 | |
42/48 |
98,861 | |
42 |
31,654 | |
44 |
51,776 | |
440/4 |
51,776 | |
45 |
15,430 | |
450/3 |
6,001 | |
454/9 |
9,430 | |
| Income statement | ||
9900 |
148,779 | |
62 |
96,609 | |
630 |
40,490 | |
640/8 |
8,098 | |
9901 |
3,582 | |
75/76B |
6 | |
75 |
6 | |
65/66B |
17,775 | |
65 |
17,775 | |
9903 |
-14,187 | |
67/77 |
111 | |
9904 |
-14,298 | |
9905 |
-14,298 | |
| Appropriation of the result | ||
9906 |
-14,298 | |
| Social balance sheet | ||
9087 |
1.5 | |
Hours worked1013 |
3,698 | |
| Document | ||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00487001.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00487001 |
Subsidies and aid
Flemish government 2025, 1 entry, €2,000 awarded, €2,000 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 44,072 | ||
| 26,193 | ||
| 303,038 | ||
| -45,276 | ||
| 4.9% | ||
| 0.54 | ||
| 19.27 | ||
| -91.1% | ||
| -4.5% | ||
| 2.48 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 0 |
| part-time | 1 |
| in full-time equivalents | 0.8 |
| 1.5 | |
| On a permanent contract | 1 |
| Joined | 188 |
| Left | 244 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €62,678 |
| Intangible fixed assets | €240,000 |
| Financial fixed assets | €360 |
| €40,490 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Lex Projects
Debt's share of the balance-sheet total is 95.1%.
Board & ownership
Board
2 directors, no change since 2025Director (not named in the articles)
since 20-09-2024
listed in the 2025 annual accounts, filed on 31-08-2026
Director (not named in the articles)
since 01-02-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 31-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 24-09-2024
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), from 20-09-2024 to date
-
- Director (not named in the articles), from 01-02-2025 to date
Control
Founder
This company
Lex Projects
Equity €15,702
Loss €14,298 in 2025
Capital
- Contribution
- €30,000
- Shares
- 300
- Contribution per share
- €100
- Equity per share
- €52.34 in 2025
- Source
- deed of 24-09-2024
Articles of association
deed of 24-09-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 300 shares“Behoudens indien op een algemene vergadering, waarop alle aandeelhouders aanwezig of vertegenwoordigd zijn, hier met éénparigheid van…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 20 June at 10:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Shareholders
At incorporation
deed of 24-09-2024 ↗
- 300 shares (100%) · €30,000 in cash
Network & group
No group
Lex Projects has no parent and no holdings in its annual accounts. Lex Projects shares no director with another company.
At the same address
Oudenaardsesteenweg 92, 8580 Avelgem · 1 other company| NOREMI
registered office since 19-04-2021 · founded in 2021 |
total assets €193,762 (2025) 0766.853.294 |
Timeline
Timeline
5 events since 2024Board
Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1013855480
Appointment: (director)General meeting of 01-02-20252 points ▸
- General meeting, 01-02-2025
- Director appointment, (director (not named in the articles))
2024
IncorporationFounding capital of €30,000, 300 shares · Founder: · Appointment: (director) · published on 24-09-20245 points ▸
- Founder,
- Founding capital, €30,000, 300 shares
- holds all the shares
- Registered office clause, Oudenaardsesteenweg 92, 8580 Avelgem
- Director appointment, (director (not named in the articles))
- The deed holds 1 more point.
First establishment Flandria Hotel, Barrestraat 3, Ghent
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1013.855.480
- VAT number
- BE 1013.855.480
- Peppol ID
- 0208:1013855480
- Other Peppol ID
- 9925:BE1013855480
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-09-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 20 June at 10:00deed of 24-09-2024 (in Dutch)
- General meeting ruleThe articles set who calls the general meeting, who may attend and how it decides.
- “Toegang tot de algemene vergadering, mag deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de stemming”deed of 24-09-2024 (in Dutch)
- Peppol
- Reachable since 12-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Lex Projects in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-09-2024 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Lex Projectsdeed of 24-09-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 24-09-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
55100
Hotels and similar accommodation main activity
56210
Event catering
Social security (RSZ) activities
55100
Hotels and similar accommodation main activity
Codes under NACEBEL 2008
VAT activities
55100
Hotels and similar accommodation main activity
56210
Catering
Social security (RSZ) activities
55100
Hotels and similar accommodation main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het uitbaten van een hotel, restaurant, drankgelegenheid, cafetaria, bar, verbruikssalon, tearoom, crèmerie, sandwichbar, café, taverne…”deed of 24-09-2024 (in Dutch)
29 activities
- Het uitbaten van een hotel, restaurant, drankgelegenheid, cafetaria, bar, verbruikssalon, tearoom, crèmerie, sandwichbar, café, taverne, snackbar, brasserie, club en dit in de breedste zin van het woord;
- Het verrichten van alle traiteur- en hotelactiviteiten, het inrichten van alle banketten;
- De uitbating en verhuring van attracties, spektakels en amusementsgelegenheden van allerlei aard, kunstgalerijen, concertzalen en speelautomaten zonder dat deze opsomming beperkend is;
- Het leveren van goederen en diensten en het ter beschikking stellen van de nodige infrastructuur aan restaurants, cafetaria en bars, dit in de ruimste zin van het woord;
- De bereiding, de handel, de aankoop en de verkoop, de import en export van alle mogelijke dranken en voedingswaren, koude en warme gerechten, gebak, brood en confiserie, vlees- en viswaren, streekproducten, ijs en rookwaren en alle aanverwanten;
- Het verzorgen van feesten en recepties: het klaarmaken, thuisbezorgen en eventueel serveren van maaltijden en bereide schotels;
- Het organiseren en verzorgen van bruiloften, banketten, barbecues, cocktails, lunches, recepties en dergelijke meer;
- Catering en uitzendkoks: het bereiden van maaltijden en spijzen in centrale keukens, zoals kantines, bedrijfsrestaurants;
- Het ter beschikking stellen van uitzendkoks;
- Het huren en verhuren van kamers, vergaderzalen, feestzalen, handelspanden en commerciële ruimtes en het verstrekken van alle diensten die hiermee verband kunnen houden;
- Het huren en verhuren van zalen voor alle doeleinden, alsook het uitrusten van hotel, restaurant, grill, tearoom, bar en/of andere gebouwen dienstig voor het voorwerp hiervoor;
- Het inrichten van evenementen, het in beheer geven, de organisatie en uitrusting van individuele of groepsaangelegenheden;
- De in- en uitvoer, de opslag, de distributie, de promotie, de handelsbemiddeling, de groot- en kleinhandel en het huren en verhuren van horecamateriaal en horeca-uitrusting in de ruimste zin van het woord;
- Het verzorgen van kooksessies, kooklessen, presentaties, opleidingen, workshops en teambuilding, zowel privé als via verschillende media en dit in de meest ruime zin van het woord;
- De verhuur van alle feestmaterialen, tenten, tafels, stoelen, tafelgarnituren;
- De uitbating van een stand op kerstmarkten, jaarmarkten, beurzen, sportevenementen en dergelijke meer;
- De aankoop en de verkoop, de groot- en kleinhandel, de handelsbemiddeling, de in- en uitvoer, de verhuring, ontwerp en fabricatie, het vervaardigen, het herstelwerk van textiel, bovenkleding, lingerie, strand- en badkleding, ceremoniekleding, beroepskleding, sportkleding, breigoed, bontwerk, lederwaren, schoeisel, kousen, hoeden, handschoenen, dassen, ceinturen, paraplu's, fantasiejuwelen en alle mogelijke kledingaccessoires en modeartikelen en dit zowel voor dames, heren en kinderen;
- De aankoop en de verkoop, de groot- en kleinhandel, de handelsbemiddeling, de in- en uitvoer, de verhuring, ontwerp en fabricatie, het vervaardigen, het herstelwerk van reisartikelen van leder of eervervangers en van design en kunstobjecten;
- Het organiseren van events waaronder modeshows, discussieplatforms, persconferenties met aansluitende recepties;
- Het beheer, het verwerven, de instandhouding en valorisatie van een roerend en onroerend vermogen, de huurfinanciering van onroerende goederen aan derden, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, zoals het onderhoud, de ontwikkeling, de verfraaiing en de verhuring van deze goederen, alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen ;
- Consulting, productontwikkeling en verkoopondersteuning;
- Agentuur, commissionair;
- Het uitvoeren van alle studies en onderzoek, het verrichten van marktonderzoek, promotie, raadgeving, prospectie, marketing, techno-consult, assistentie op gebied van management, engineering en consulting, technisch, commercieel, administratief, financieel, fiscaal en juridisch beheer en advies;
- Alle handelingen in verband met het beheer van vennootschappen en natuurlijke personen, het advies en de opleiding van vennootschappen en natuurlijke personen op het vlak van marketing, management, verkoopspolitiek, administratie en secretariaat. Het verlenen van secretariaatsdiensten, het verstrekken van allerhande diensten met uitzondering van gereglementeerde diensten;
- Het nemen van participaties onder welke vorm ook in alle vennootschappen in België of in het buitenland, bestaande of op te richten, door middel van inbrengen, onderschrijvingen, overdrachten of ruilingen, al dan niet om er het bestuur van te controleren of om er gewoon een aandeel in te hebben, alsook de aankoop, verkoop en ruiling van alle effecten;
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren onder om het even welke vorm;
- In dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handel- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen;
- Alle verrichtingen van commerciële, industriële, onroerende, roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen;
- Het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies;
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Oudenaardsesteenweg 92 registered office 8580 Avelgem | |||
| Flandria Hotel Barrestraat 3, 9000 Ghent | 20-09-2024 | 2.369.788.192 | Bed-and-breakfast |
Buildings and parcels at the addresses
- Ground area
- 863 m²
- Buildings
- 566 m²
- Volume, LiDAR
- 4,417 m³
- Tallest building
- 15.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44802B1402/00B000 | 438 m² | 1 · 404 m² | 15.0 m · 3 |
| 34003A0489/00N002 | 425 m² | 1 · 162 m² | 10.7 m · 1 |
Recognitions
Food safety, FASFC
1 siteGhentunit number 2.369.788.192
Contact
Website
www.flandriahotel.be establishment in Gent