Lexaro
ActiveSummary
Lexaro has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,524 and a net result of €3,053. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 16% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-31
Solvency39▼-61
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.45 against 5.59 in 2024; short-term debt: 34.5% and cash: 12.1% of total assets), and 85.9% 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 2025Solvency, return and age of the figures
Solvency
14.1%
Return on assets
0.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 12788 sector peers (2025).
NBB · sector comparisonPosition among 12788 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-02-2026, 84 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
84 d early
2024
29 d early
2023
48 d early
← 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 54 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€141,524▲ 2.2%
2024 · €138,472
Total assets
€1.0m▲ 498%
2024 · €167,792
Net result
€3,053▼ 95.7%
2024 · €70,856
Working capital
-€190,778
2024 · €134,716
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€90,192-€92,427▲ 2.5%€10,766▼ 88.4%
Net result€64,215within the sector's middle half-€70,856within the sector's middle half▲ 10.3%€3,053below the sector's middle half▼ 95.7%
Equity€68,415within the sector's middle half-€138,472within the sector's middle half▲ 102%€141,524within the sector's middle half▲ 2.2%
Total assets€115,987within the sector's middle half-€167,792within the sector's middle half▲ 44.7%€1.0mabove the sector's middle half▲ 498%
Debt€47,572-€29,320▼ 38.4%€861,959▲ 2,840%
Working capital€68,415-€134,716▲ 96.9%-€190,778
Solvency59.0%within the sector's middle half-82.5%above the sector's middle half▲ 23.5pp14.1%below the sector's middle half▼ 68.4pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
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 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€848,361 ▲ 22,489%
Current assets
€155,121 ▼ 5.4%
Equity and liabilities €1.0m
Equity
€141,524 ▲ 2.2%
Debt
€861,959 ▲ 2,840%
Debt's share of the balance-sheet total rises from 17.5% to 85.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€124,500▲
2024 · €92,606
Cash flow
€116,787▲
2024 · €71,035
Current ratio
0.45▼
2024 · 5.59
Debt to equity
6.09▲
2024 · 0.21
ROE
2.2%▼
2024 · 51.2%
ROA
0.3%▼
2024 · 42.2%
Interest coverage
22.44▼
2024 · 37.63
Debt ≤ 1 year
€345,899▲
2024 · €29,320
Debt > 1 year
€516,059
Income taxes
€2,209▼
2024 · €19,110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 896 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.7%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 896 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €179 | €113,734 | ▲ 63,389% |
| Other operating charges640/8 | €182 | €620 | €945 | ▲ 52.3% |
| Gross operating margin9900 | €90,373 | €93,226 | €125,445 | ▲ 34.6% |
| Operating profit (loss)9901 | €90,192 | €92,427 | €10,766 | ▼ 88.4% |
| Financial income75/76B | - | - | €44 | - |
| Recurring financial income75 | - | - | €44 | - |
| Financial charges65/66B | €782 | €2,461 | €5,548 | ▲ 125% |
| Recurring financial charges65 | €782 | €2,461 | €5,548 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | €89,410 | €89,966 | €5,262 | ▼ 94.2% |
| Income taxes67/77 | €25,194 | €19,110 | €2,209 | ▼ 88.4% |
| Profit (loss) for the period9904 | €64,215 | €70,856 | €3,053 | ▼ 95.7% |
| Profit (loss) for the period to be appropriated9905 | €64,215 | €70,856 | €3,053 | ▼ 95.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €115,987 | €167,792 | €1.0m | ▲ 498% |
| Fixed assets21/28 | - | €3,756 | €848,361 | ▲ 22,489% |
| Tangible fixed assets22/27 | - | €3,756 | €848,361 | ▲ 22,489% |
| Land and buildings22 | - | - | €845,913 | - |
| Plant, machinery and equipment23 | - | €3,756 | €2,448 | ▼ 34.8% |
| Current assets29/58 | €115,987 | €164,036 | €155,121 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €22,997 | €22,712 | €27,902 | ▲ 22.8% |
| Trade receivables40 | €22,997 | €22,672 | €27,387 | ▲ 20.8% |
| Other amounts receivable41 | - | €41 | €515 | ▲ 1,170% |
| Cash at bank and in hand54/58 | €91,059 | €139,210 | €121,814 | ▼ 12.5% |
| Deferred charges and accrued income490/1 | €1,931 | €2,113 | €5,405 | ▲ 156% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €115,987 | €167,792 | €1.0m | ▲ 498% |
| Equity10/15 | €68,415 | €138,472 | €141,524 | ▲ 2.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €63,415 | €133,472 | €136,524 | ▲ 2.3% |
| Distributable reserves133 | €63,415 | €133,472 | €136,524 | ▲ 2.3% |
| Amounts payable17/49 | €47,572 | €29,320 | €861,959 | ▲ 2,840% |
| Amounts payable after more than one year17 | - | - | €516,059 | - |
| Financial debts170/4 | - | - | €516,059 | - |
| Amounts payable within one year42/48 | €47,572 | €29,320 | €345,899 | ▲ 1,080% |
| Current portion of amounts payable after more than one year42 | - | - | €329,217 | - |
| Trade debts44 | €17,659 | €4,797 | €2,615 | ▼ 45.5% |
| Suppliers440/4 | €17,659 | €4,797 | €2,615 | ▼ 45.5% |
| Taxes, remuneration and social security45 | €28,665 | €22,078 | €14,067 | ▼ 36.3% |
| Taxes450/3 | €28,665 | €19,288 | €11,237 | ▼ 41.7% |
| Remuneration and social security454/9 | - | €2,790 | €2,830 | ▲ 1.4% |
| Other amounts payable47/48 | €1,248 | €2,445 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,215 | €70,856 | €3,053 | ▼ 95.7% |
| + Depreciation and write-downs630 | - | €179 | €113,734 | ▲ 63,389% |
| Operating cash flow (approximation) | €64,215 | €71,035 | €116,787 | ▲ 64.4% |
| Investment in fixed assets (approximation) | - | - | -€958,340 | - |
| Change in cash | - | €48,151 | -€17,396 | ▼ 136% |
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
Next filing, fiscal year 2026, expected by
2026
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €3,053 ▼95.7%
Net result drops to €3,053, the lowest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2023net €70,856 ▲10.3%
Operating result €92,427, net result €70,856, both a record.
30-09
Financial
Liquidity doublescurrent ratio 5.59
Current ratio from 2.44 to 5.59; short-term debt falls from €47,572 to €29,320.
30-09
Financial
Equity above €100,000Eq €138,472 ▲102%
2 profitable years in a row build equity to €138,472.
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oudenburg · 1 establishment unit since 2022
Ground area
488 m²
Building footprint
158 m²
Volume, LiDAR
932 m³
Parcel 35023B0019/00M000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lexaro
since 20222.336.513.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35023B0019/00M000 | Flanders | 488 m² | 1 · 158 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2024 · 1 entry · 165 EUR awarded · 165 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 165 EUR | 165 EUR |
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Of 2,771 companies in sector 69109 we hold annual accounts for 1,209. 930 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
Founded30-09-2022
Fiscal year end30-09
Activities, NACEBEL 2025
69109Other legal services
68201Renting and operating of own or leased residential real estate, excluding social housing
74201Photography, excluding press photography
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0791653721
Also
9925:BE0791653721
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.