LEXIAGO
ActiveSummary
LEXIAGO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €753k and a net result of €-96k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-8
Solvency62▼-1
Growth38=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.85 in 2024; short-term debt: 21% of total assets), but 62.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-96k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
28 d early
2023
68 d early
2022
21 d early
2021
48 d early
2020
72 d early
2019
156 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.69M▲ 4.9%
2018 · €1.61M
2018: €1.61M
2018 → 2019
EBIT margin
5.9%▼ 1.6pp
2018 · 7.5%
2018: 7.5%
2018 → 2019
Net result
€-96k▼ 95.6%
2024 · €-49k
2018: €98k
2019: €69k
2020: €-127k
2021: €-10k
2022: €12k
2023: €26k
2024: €-49k
2018 → 2025
Working capital
€342k▼ 16.5%
2024 · €409k
2018: €472k
2019: €145k
2020: €525k
2021: €508k
2022: €498k
2023: €458k
2024: €409k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€882k-€887k▲ 0.7%€907k▲ 2.2%€852k▼ 6.0%€753k▼ 11.7%
Operating result€-4k-€15k€36k▲ 148%€-59k€-108k▼ 82.8%
Net result€-10k-€12k€26k▲ 119%€-49k€-96k▼ 95.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €108k in 2025 against €59k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.01M
Fixed assets
€1.25M ▼ 9.0%
Current assets
€764k ▼ 14.2%
Equity and liabilities €2.01M
Equity
€753k ▼ 11.7%
Provisions
€157k ▼ 16.7%
Debt
€1.10M ▼ 9.7%
Debt's share of the balance-sheet total rises from 54.0% to 54.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€149k▲
2024 · €122k
Cash flow
€161k▲
2024 · €133k
Current ratio
1.81▼
2024 · 1.85
Quick ratio
1.47▼
2024 · 1.55
Debt to equity
1.47▲
2024 · 1.43
ROE
-12.7%▼
2024 · -5.7%
ROA
-4.7%▼
2024 · -2.2%
Interest coverage
5.40▼
2024 · 6.79
Debt ≤ 1 year
€422k▼
2024 · €481k
Debt > 1 year
€682k▼
2024 · €741k
Income taxes
€548▲
2024 · €-417
Staff costs
€826k▲
2024 · €795k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.26M€2.01M▼
Fixed assets21/28€1.37M€1.25M▼
Tangible fixed assets22/27€1.37M€1.25M▼
Plant, machinery and equipment23€382k€423k▲
Furniture and vehicles24€8k€9k▲
Other tangible fixed assets26€983k€818k▼
Financial fixed assets28€354€354=
Current assets29/58€890k€764k▼
Stocks and contracts in progress3€146k€145k▼
Stocks30/36€146k€145k▼
Amounts receivable within one year40/41€339k€406k▲
Trade receivables40€332k€400k▲
Other amounts receivable41€7k€6k▼
Current investments50/53€250k€211k▼
Cash at bank and in hand54/58€156k-
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€2.26M€2.01M▼
Equity10/15€852k€753k▼
Contributions10/11€320k€320k=
Capital10€320k€320k=
Issued capital100€320k€320k=
Reserves13€470k€409k▼
Non-distributable reserves130/1€32k€32k=
Legal reserve130€32k€32k=
Tax-exempt reserves132€407k€346k▼
Distributable reserves133€31k€31k=
Profit (loss) carried forward14€39k€4k▼
Investment grants15€24k€20k▼
Provisions and deferred taxes16€189k€157k▼
Deferred taxes168€189k€157k▼
Amounts payable17/49€1.22M€1.10M▼
Amounts payable after more than one year17€741k€682k▼
Financial debts170/4€741k€682k▼
Amounts payable within one year42/48€481k€422k▼
Current portion of amounts payable after more than one year42€131k€162k▲
Trade debts44€299k€159k▼
Suppliers440/4€299k€159k▼
Taxes, remuneration and social security45€51k€101k▲
Taxes450/3€3k€20k▲
Remuneration and social security454/9€48k€81k▲
Income statement
Code20242025
Remuneration, social security and pensions62€795k€826k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€181k€257k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€839€-549▼
Other operating charges640/8€17k€21k▲
Gross operating margin9900€936k€995k▲
Operating profit (loss)9901€-59k€-108k▼
Financial income75/76B€8k€9k▲
Recurring financial income75€8k€9k▲
Financial charges65/66B€18k€28k▲
Recurring financial charges65€18k€28k▲
Profit (loss) for the period before taxes9903€-69k€-127k▼
Transfer from deferred taxes780€19k€31k▲
Income taxes67/77€-417€548▲
Profit (loss) for the period9904€-49k€-96k▼
Transfer from tax-exempt reserves789€37k€61k▲
Profit (loss) for the period to be appropriated9905€-11k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€4k▼
Profit (loss) brought forward from the previous period14P€50k€39k▼
Social balance
Average headcount (FTE)908717.0-
The notes to these accounts (14 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-127k ▼284%
Net result drops to €-127k, the lowest in the series; recovery starts the following year.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Nivelles · 1 establishment unit since 1986
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.
Avenue Konrad Adenauer 51401 NivellesGround area
6,741 m²
Building footprint
2,526 m²
Volume, LiDAR
17,403 m³
Parcel 25004A0023/00X006, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Konrad Adenauer 5, 1401 Nivelles
since 19862.034.503.239
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25004A0023/00X006 | Wallonia | 6,741 m² | 1 · 2,526 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
ALL TECHNICAL INDUSTRIAL PRODUCTS
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PRECICARB
BE 0462.253.005
Verviers · Eq €753,063
LD METAL
BE 0500.623.730
Bertrix · Eq €753,996
NEYRINCK J. CONSTRUCTIE
BE 0422.588.616
Ardooie · Eq €751,107
MAGNETICO POLISSAGE DE PRECISION
BE 0860.907.266
Hamoir · Eq €750,441
Of 3,464 companies in sector 25530 we hold annual accounts for 1,658. 1,200 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-04-1985
Fiscal year end31-12
Abbreviation NL
R.A.P.
Activities, NACEBEL 2025
25510Coating of metals
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.