Lex23
ActiveLex23 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €798k and a net result of €77k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 12637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-24
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 7.95 against 7.5 in 2024), and 18.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
81.8%
Return on assets
7.9%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
10 d early
2019
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€798k▲ 10.7%
2024 · €721k
2018: €220k
2019: €284k
2020: €322k
2021: €491k
2022: €538k
2023: €617k
2024: €721k
2018 → 2025
Total assets
€976k▲ 7.8%
2024 · €905k
2018: €424k
2019: €493k
2020: €548k
2021: €701k
2022: €766k
2023: €823k
2024: €905k
2018 → 2025
Net result
€77k▼ 25.3%
2024 · €103k
2018: €33k
2019: €63k
2020: €38k
2021: €170k
2022: €47k
2023: €79k
2024: €103k
2018 → 2025
Working capital
€745k▲ 11.6%
2024 · €667k
2018: €219k
2019: €291k
2020: €325k
2021: €479k
2022: €522k
2023: €582k
2024: €667k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€491k-€538k▲ 9.5%€617k▲ 14.8%€721k▲ 16.7%€798k▲ 10.7%
Operating result€256k-€76k▼ 70.5%€114k▲ 51.2%€137k▲ 20.2%€96k▼ 30.5%
Net result€170k-€47k▼ 72.5%€79k▲ 70.3%€103k▲ 30.0%€77k▼ 25.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €976k
Fixed assets
€124k▼ 8.2%
Current assets
€852k▲ 10.6%
Equity and liabilities €976k
Equity
€798k▲ 10.7%
Debt
€178k▼ 3.6%
The debt ratio falls from 20.4% to 18.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€136k▼
2024 · €166k
Cash flow
€117k▼
2024 · €131k
Solvency
81.8%▲
2024 · 79.6%
Current ratio
7.95▲
2024 · 7.50
Quick ratio
7.95▲
2024 · 7.50
Debt / equity
0.22▼
2024 · 0.26
ROE
9.7%▼
2024 · 14.3%
ROA
7.9%▼
2024 · 11.4%
Interest coverage
32.60▼
2024 · 36.07
Debt
€178k▼
2024 · €184k
Debt ≤ 1 year
€107k▲
2024 · €103k
Debt > 1 year
€71k▼
2024 · €82k
Income taxes
€42k▼
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€905k€976k▲
Fixed assets21/28€135k€124k▼
Tangible fixed assets22/27€129k€118k▼
Land and buildings22€87k€75k▼
Plant, machinery and equipment23€0€10k▲
Furniture and vehicles24€2k€905▼
Other tangible fixed assets26€40k€32k▼
Financial fixed assets28€6k€6k=
Current assets29/58€770k€852k▲
Amounts receivable after more than one year29€500k€500k=
Trade receivables290€500k€500k=
Amounts receivable within one year40/41€218k€282k▲
Other amounts receivable41€218k€282k▲
Cash at bank and in hand54/58€52k€70k▲
Equity and liabilities
Total equity and liabilities10/49€905k€976k▲
Equity10/15€721k€798k▲
Contributions10/11€6k€6k=
Reserves13€401k€478k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€399k€476k▲
Profit (loss) carried forward14€314k€314k=
Amounts payable17/49€184k€178k▼
Amounts payable after more than one year17€82k€71k▼
Financial debts170/4€82k€71k▼
Amounts payable within one year42/48€103k€107k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Taxes, remuneration and social security45€92k€96k▲
Taxes450/3€92k€96k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€40k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€168k€141k▼
Operating profit (loss)9901€137k€96k▼
Financial income75/76B€24k€28k▲
Recurring financial income75€24k€28k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€156k€119k▼
Income taxes67/77€53k€42k▼
Profit (loss) for the period9904€103k€77k▼
Profit (loss) for the period to be appropriated9905€103k€77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€417k€391k▼
Profit (loss) brought forward from the previous period14P€314k€314k=
Transfer to equity691/2€103k€77k▼
To other reserves6921€103k€77k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €538k ▲9.5%
5 profitable years in a row build equity to €538k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €170k ▲345%
Operating result €256k, net result €170k, both a record.
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Jans-Molenbeek · 2 establishment units since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leopold II laan 1801080 Sint-Jans-MolenbeekGround area
1,062 m²
Building footprint
258 m²
Volume, LiDAR
2,352 m³
2 parcels, Brussels, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Lex23
since 20112.336.744.054
Lex23
since 20222.336.744.153
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0271/00G007 | Flanders | 888 m² | 1 · 156 m² | 15.1 m · 3 fl. |
| 21012A0106/00C002 | Brussels | 173 m² | 1 · 102 m² | 16.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
G. METAXAS
BE 0460.683.979
Vorst · Eq €800k
THIBIUS
BE 0669.956.333
Malle · Eq €795k
Ahmed Sakhi MIR-BAZ
BE 0730.634.583
Antwerpen · Eq €794k
VINCENT OST
BE 0816.603.012
Oudergem · Eq €801k
Alain VANDERSTRAETEN
BE 0869.689.528
Elsene · Eq €794k
Of 22,024 companies in sector 69101 we hold annual accounts for 9,030. 4,806 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2011
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.