Equity
€752,787 from €1.7m in 2018
Equity fell by 56% in 7 years.
LEXIAGO
Lifetime
20 annual accounts with figures on one time axis, 40 filings since 1985peak €2.0m (2014)
€995,244▲ 6.4%
lowest -€154,076 (2007)
-€95,659▼ €46,752
peak €1.7m (2018)
€752,787▼ 11.7%
€1.1m▼ 9.7%
peak 19.3 FTE (2008)
-not published
Board7 names since 2018
1 directorBAUDIMMO
Owners
100%BAUDIMMO
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Loss of €95,659
Key points
from the 2025 annual accountsChecked score
83
Excellent
Financially stronger than 46% of small companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 748 companies (NACE 25, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.1%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026highest value
07-2026: 0.4%▼ -0.1 percentage points vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.81
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Founded in 1985
Size: total assets €2.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small). It does better than 41% of them on solvency, 95% on liquidity, 30% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as LEXIAGO has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEXIAGO itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 8,617 companies, not a prediction for LEXIAGO. 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 of up to €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.81 (1.85 in 2024), above the usual 1.5. Short-term debt is 21% of total assets. However, 62.6% of the assets are financed with debt and provisions.
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
Six signals.
lowers riskraises riskneutral
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 -€95,659
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 days early
2024
28 days early
2023
68 days early
2022
21 days early
2021
48 days early
2020
72 days early
2019
156 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 60 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0427178496
1 director reappointed
BAUDIMMO · Permanent representatives: Archibald van der Elst and Marc van der Elst · General meeting of 30-06-2026 · Gazette deed
Resignation: Arnaud DELACROIX (managing director)
General meeting of 04-02-2020 · Gazette deed
2 directors appointed, 5 resignations
Resignations: DELACROIX Arnaud, DELACROIX Géry, DELACROIX Serge, DELACROIX Régine and DELACROIX Nathalie · Appointments: BAUDIMMO (sole director) and Marc Van der Elst (sole director) · Permanent representative: VAN der ELST Archibald · General meeting of 04-02-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEXIAGO Nivelles | €2.0m | €1.0m | 37.4% | - |
| MECHANISCHE CONSTRUCTIE VAN POUCKE Zedelgem | €1.9m | €0.9m | 47.0% | - |
| ATIMA-TPIM Herstal | €2.1m | €1.1m | 23.6% | 12 |
| Werkhuizen Sovalee Ghent | €1.8m | €1.0m | 89.9% | 7.3 |
| STROMAR Eeklo | €1.8m | €1.1m | 56.1% | 9.8 |
| WERKHUIZEN LENTZ Evergem | €2.3m | €1.1m | 37.7% | 10 |
| ALSO-Group Antwerp | €1.8m | €0.9m | 49.6% | 8.7 |
These companies have the same main activity as LEXIAGO: machining of metals (NACE 25530). They are comparable in size and age: total assets between €1.8m and €2.3m, founded between 1981 and 1986.
Official details
Source: KBO- Status
- Active since 26-04-1985Normal situation
- Activity
- Machining of metalsNACE 25530and 1 other
- Establishment unit
- 2.034.503.2391401 Nivelles, since 21-11-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 26-10-2026
Annual accounts 2025
- ≈ €2.3mestimated
- €2.0m▼ 11.0%
- ≈ 14 FTEestimated
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Companies linked to LEXIAGO
Parent and group
Insights on LEXIAGO
LEXIAGO has existed since 1985. In 2014 the gross margin rose from €816,648 to €2.0m.
BAUDIMMO holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LEXIAGO
- What is the company number of LEXIAGO?
- The company number of LEXIAGO is 0427.178.496. The VAT number is the same number with BE in front: BE 0427.178.496.
- Where is LEXIAGO based?
- The registered office is at Avenue Konrad Adenauer 5, 1401 Nivelles.Company details
- What does LEXIAGO do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of LEXIAGO?
- LEXIAGO is a public limited company (NV).
- When was LEXIAGO founded?
- LEXIAGO was founded on 26-04-1985.
- Is LEXIAGO still active?
- Yes, LEXIAGO is an active enterprise in the KBO register.
- How many employees does LEXIAGO have?
- LEXIAGO had an average of 17 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of LEXIAGO?
- The turnover in financial year 2025 is ≈ €2.3m. This figure is estimated from the gross margin of €995,244 and 2,275 comparable companies of the same size. It probably lies between €1.4m and €4.0m. It is a rough estimate. In financial year 2019 turnover was €1.7m.
- Is LEXIAGO profitable?
- In financial year 2025, LEXIAGO made a loss of €95,659.
- Where can I find the annual accounts of LEXIAGO?
- LEXIAGO filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LEXIAGO due?
- LEXIAGO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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