LEXICAL
Open bankruptcyA bankruptcy procedure is open for LEXICAL according to publications in the Belgian State Gazette; curator: JEAN-PAUL TASSET.
Summary
The file additionally contains 2 administrative flags. The 2023 annual accounts show equity of €9k and a net result of €28k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 26-01-2024, 5 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
5 d early
2022
on the day
2021
on the day
2020
5 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struck×2
Financials · fiscal year 2023, micro schema
Equity
€9k
2022 · €-19k
2020: €4k
2021: €-10k▼ -357% vs 2020
2022: €-19k▼ -80.6% vs 2021lowest in 4 years
2023: €9k▲ +150% vs 2022highest in 4 years
2020 → 2023
Total assets
€70k▲ 5.9%
2022 · €66k
2020: €52k
2021: €30k▼ -41.2% vs 2020lowest in 4 years
2022: €66k▲ +116% vs 2021
2023: €70k▲ +5.9% vs 2022highest in 4 years
2020 → 2023
Net result
€28k
2022 · €-8k
2020: €4k
2021: €-14k▼ -457% vs 2020lowest in 4 years
2022: €-8k▲ +42.0% vs 2021
2023: €28k▲ +436% vs 2022highest in 4 years
2020 → 2023
Working capital
€17k
2022 · €-37k
2020: €3k
2021: €-13k▼ -516% vs 2020
2022: €-37k▼ -184% vs 2021lowest in 4 years
2023: €17k▲ +146% vs 2022highest in 4 years
2020 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€4k-€-10k€-19k▼ 80.6%€9k
2020: €4k
2021: €-10k▼ -357% vs 2020
2022: €-19k▼ -80.6% vs 2021lowest in 4 years
2023: €9k▲ +150% vs 2022highest in 4 years
Operating result€7k-€-13k€-8k▲ 42.7%€42k
2020: €7k
2021: €-13k▼ -296% vs 2020lowest in 4 years
2022: €-8k▲ +42.7% vs 2021
2023: €42k▲ +648% vs 2022highest in 4 years
Net result€4k-€-14k€-8k▲ 42.0%€28k
2020: €4k
2021: €-14k▼ -457% vs 2020lowest in 4 years
2022: €-8k▲ +42.0% vs 2021
2023: €28k▲ +436% vs 2022highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €42k after a loss of €8k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €70k
Fixed assets
€29k ▲ 12.7%
Current assets
€40k ▲ 1.5%
Equity and liabilities €70k
Equity
€9k
Debt
€60k
Debt finances 86.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€44k▲
2022 · €552
Cash flow
€31k▲
2022 · €-237
Current ratio
1.73▲
2022 · 0.52
Debt to equity
6.44▲
2022 · -4.50
ROE
300.3%
ROA
40.4%▲
2022 · -12.7%
Interest coverage
14.04▲
2022 · 0.70
Debt ≤ 1 year
€23k▼
2022 · €77k
Debt > 1 year
€37k▲
2022 · €8k
Income taxes
€10k
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 · 2023 against 2022 · 40 lines
Balance sheet
Code20222023
Assets
Total assets20/58€66k€70k▲
Fixed assets21/28€26k€29k▲
Tangible fixed assets22/27€26k€29k▲
Plant, machinery and equipment23€692€572▼
Furniture and vehicles24€25k€29k▲
Current assets29/58€40k€40k▲
Amounts receivable after more than one year29€3k€3k=
Other amounts receivable291€3k€3k=
Amounts receivable within one year40/41€13k€19k▲
Trade receivables40€13k€400▼
Other amounts receivable41€67€18k▲
Cash at bank and in hand54/58€24k€18k▼
Equity and liabilities
Total equity and liabilities10/49€66k€70k▲
Equity10/15€-19k€9k▲
Profit (loss) carried forward14€-19k€9k▲
Amounts payable17/49€85k€60k▼
Amounts payable after more than one year17€8k€37k▲
Financial debts170/4€8k€26k▲
Other amounts payable178/9-€11k
Amounts payable within one year42/48€77k€23k▼
Current portion of amounts payable after more than one year42-€6k
Trade debts44€97€185▲
Suppliers440/4€97€185▲
Taxes, remuneration and social security45€918€15k▲
Taxes450/3€918€15k▲
Other amounts payable47/48€76k€2k▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€3k▼
Other operating charges640/8€10€350▲
Gross operating margin9900€562€45k▲
Operating profit (loss)9901€-8k€42k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€788€3k▲
Recurring financial charges65€788€3k▲
Profit (loss) for the period before taxes9903€-8k€38k▲
Income taxes67/77-€10k
Profit (loss) for the period9904€-8k€28k▲
Profit (loss) for the period to be appropriated9905€-8k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€9k▲
Profit (loss) brought forward from the previous period14P€-10k€-19k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €268 | €316 | €8k | €3k | ▼ 65.4% |
| Other operating charges640/8 | - | - | €10 | €350 | ▲ 3,405% |
| Gross operating margin9900 | €9k | €-12k | €562 | €45k | ▲ 7,879% |
| Operating profit (loss)9901 | €7k | €-13k | €-8k | €42k | ▲ 648% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | €2 | - | €0 | - |
| Financial charges65/66B | - | - | €788 | €3k | ▲ 302% |
| Recurring financial charges65 | €2k | €804 | €788 | €3k | ▲ 302% |
| Profit (loss) for the period before taxes9903 | €5k | €-14k | €-8k | €38k | ▲ 558% |
| Income taxes67/77 | €1k | €405 | - | €10k | - |
| Profit (loss) for the period9904 | €4k | €-14k | €-8k | €28k | ▲ 436% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-14k | €-8k | €28k | ▲ 436% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €52k | €30k | €66k | €70k | ▲ 5.9% |
| Fixed assets21/28 | €932 | €3k | €26k | €29k | ▲ 12.7% |
| Tangible fixed assets22/27 | €932 | €3k | €26k | €29k | ▲ 12.7% |
| Plant, machinery and equipment23 | - | - | €692 | €572 | ▼ 17.3% |
| Furniture and vehicles24 | - | - | €25k | €29k | ▲ 13.5% |
| Current assets29/58 | €51k | €28k | €40k | €40k | ▲ 1.5% |
| Amounts receivable after more than one year29 | - | - | €3k | €3k | = |
| Other amounts receivable291 | - | - | €3k | €3k | = |
| Stocks and contracts in progress3 | €48k | - | - | - | - |
| Amounts receivable within one year40/41 | - | €19k | €13k | €19k | ▲ 47.9% |
| Trade receivables40 | - | - | €13k | €400 | ▼ 96.8% |
| Other amounts receivable41 | - | - | €67 | €18k | ▲ 27,639% |
| Cash at bank and in hand54/58 | €2k | €5k | €24k | €18k | ▼ 23.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €52k | €30k | €66k | €70k | ▲ 5.9% |
| Equity10/15 | €4k | €-10k | €-19k | €9k | ▲ 150% |
| Profit (loss) carried forward14 | €4k | €-10k | €-19k | €9k | ▲ 150% |
| Amounts payable17/49 | €48k | €41k | €85k | €60k | ▼ 28.7% |
| Amounts payable after more than one year17 | - | - | €8k | €37k | ▲ 364% |
| Financial debts170/4 | - | - | €8k | €26k | ▲ 226% |
| Other amounts payable178/9 | - | - | - | €11k | - |
| Amounts payable within one year42/48 | €48k | €41k | €77k | €23k | ▼ 69.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6k | - |
| Trade debts44 | €15k | €5k | €97 | €185 | ▲ 90.1% |
| Suppliers440/4 | - | - | €97 | €185 | ▲ 90.1% |
| Taxes, remuneration and social security45 | - | - | €918 | €15k | ▲ 1,573% |
| Taxes450/3 | - | - | €918 | €15k | ▲ 1,573% |
| Other amounts payable47/48 | - | - | €76k | €2k | ▼ 97.1% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-14k | €-8k | €28k | ▲ 436% |
| + Depreciation and write-downs630 | €268 | €316 | €8k | €3k | ▼ 65.4% |
| Operating cash flow (approximation) | €4k | €-14k | €-237 | €31k | ▲ 13,205% |
| Investment in fixed assets (approximation) | - | €-2k | €-32k | €-6k | ▲ 80.6% |
| Change in cash | - | €3k | €18k | €-6k | ▼ 130% |
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
2025
24-11
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 17-11-2025
14-03
KBO administration
Address struck
11-02
KBO administration
Address struck
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €28k
Net result €28k after 2 loss-making years.
30-06
Financial
Liquidity triplescurrent ratio 1.73
Current ratio from 0.52 to 1.73; short-term debt falls from €77k to €23k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Herstal · 2 establishment units since 2019
Ground area
493 m²
Building footprint
388 m²
Volume, LiDAR
2,439 m³
2 parcels, Flanders, Wallonia · tallest building 14.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
LEXICAL
since 20192.291.391.903
LEXICAL
since 20242.354.458.630
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0824/00Y004 | Flanders | 359 m² | 1 · 359 m² | 14.4 m · 2 fl. |
| 62313E0548/00S000 | Wallonia | 134 m² | 1 · 29 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-PAUL TASSET QUAI MARCELLIS 7,
4020 LIEGE 2 |
17-11-2025 → present |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,392 EUR awarded · 2,392 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 0 EUR | 392 EUR |
| 2022 | 1 | 392 EUR | 0 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,511 companies in sector 47540 we hold annual accounts for 805. 269 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
Founded21-05-2019
Fiscal year end30-06
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
47750Retail sale of cosmetics and toilet articles
Scores and ratios are computed by Checked and are not a credit decision.