LEXICO
ActiveSummary
LEXICO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53k and a net result of €22k. Equity is growing by ~56.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 8.46 against 8.52 in 2023; short-term debt: 8.5% and cash: 6.3% of total assets), and 8.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
49 d early
2022
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€53k▲ 70.5%
2023 · €31k
Total assets
€58k▲ 74.8%
2023 · €33k
Net result
€22k▲ 62.7%
2023 · €13k
Working capital
€37k▲ 182%
2023 · €13k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€-19k-€14k€30k▲ 116%
Net result€-19k-€13k€22k▲ 62.7%
Equity€18k-€31k▲ 76.5%€53k▲ 70.5%
Total assets€21k-€33k▲ 59.2%€58k▲ 74.8%
Debt€3k-€2k▼ 35.0%€5k▲ 138%
Working capital€5k-€13k▲ 187%€37k▲ 182%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 116% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58k
Fixed assets
€16k ▼ 11.2%
Current assets
€41k ▲ 183%
Equity and liabilities €58k
Equity
€53k ▲ 70.5%
Debt
€5k ▲ 138%
Debt's share of the balance-sheet total rises from 6.3% to 8.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▲
2023 · €18k
Cash flow
€26k▲
2023 · €18k
Current ratio
8.46▼
2023 · 8.52
Debt to equity
0.09▲
2023 · 0.07
ROE
41.4%▼
2023 · 43.3%
ROA
37.8%▼
2023 · 40.6%
Interest coverage
112.27▲
2023 · 57.65
Debt ≤ 1 year
€5k▲
2023 · €2k
Income taxes
€8k▲
2023 · €124
Staff costs
€260▼
2023 · €529
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €529 | €260 | ▼ 50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €5k | €4k | ▼ 20.7% |
| Other operating charges640/8 | €1k | €1k | €1k | ▼ 4.4% |
| Gross operating margin9900 | €-15k | €20k | €35k | ▲ 73.3% |
| Operating profit (loss)9901 | €-19k | €14k | €30k | ▲ 116% |
| Financial income75/76B | - | €217 | €725 | ▲ 235% |
| Recurring financial income75 | - | €217 | €725 | ▲ 235% |
| Financial charges65/66B | €401 | €317 | €296 | ▼ 6.7% |
| Recurring financial charges65 | €401 | €317 | €296 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €-19k | €14k | €30k | ▲ 121% |
| Income taxes67/77 | €130 | €124 | €8k | ▲ 6,444% |
| Profit (loss) for the period9904 | €-19k | €13k | €22k | ▲ 62.7% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €13k | €22k | ▲ 62.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €21k | €33k | €58k | ▲ 74.8% |
| Fixed assets21/28 | €13k | €18k | €16k | ▼ 11.2% |
| Tangible fixed assets22/27 | €13k | €18k | €16k | ▼ 11.2% |
| Furniture and vehicles24 | €3k | €6k | €5k | ▼ 7.9% |
| Other tangible fixed assets26 | €10k | €13k | €11k | ▼ 12.8% |
| Current assets29/58 | €8k | €15k | €41k | ▲ 183% |
| Amounts receivable after more than one year29 | - | - | €25k | - |
| Other amounts receivable291 | - | - | €25k | - |
| Amounts receivable within one year40/41 | €4k | €12k | €12k | ▼ 4.0% |
| Trade receivables40 | - | - | €10k | - |
| Other amounts receivable41 | €4k | €12k | €2k | ▼ 84.4% |
| Cash at bank and in hand54/58 | €3k | €1k | €4k | ▲ 168% |
| Deferred charges and accrued income490/1 | €789 | €1k | €1k | ▲ 8.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €21k | €33k | €58k | ▲ 74.8% |
| Equity10/15 | €18k | €31k | €53k | ▲ 70.5% |
| Contributions10/11 | €500 | €500 | €500 | = |
| Reserves13 | €24k | €24k | €24k | = |
| Distributable reserves133 | €24k | €24k | €24k | = |
| Profit (loss) carried forward14 | €-7k | €7k | €29k | ▲ 327% |
| Amounts payable17/49 | €3k | €2k | €5k | ▲ 138% |
| Amounts payable within one year42/48 | €3k | €2k | €5k | ▲ 184% |
| Trade debts44 | €171 | €129 | €522 | ▲ 305% |
| Suppliers440/4 | €171 | €129 | €522 | ▲ 305% |
| Taxes, remuneration and social security45 | €3k | €2k | €4k | ▲ 175% |
| Taxes450/3 | €961 | €2k | €4k | ▲ 175% |
| Remuneration and social security454/9 | €2k | €0 | - | - |
| Other amounts payable47/48 | €46 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €375 | €86 | ▼ 77.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €13k | €22k | ▲ 62.7% |
| + Depreciation and write-downs630 | €3k | €5k | €4k | ▼ 20.7% |
| Operating cash flow (approximation) | €-17k | €18k | €26k | ▲ 41.3% |
| Investment in fixed assets (approximation) | - | €-10k | €-2k | ▲ 83.9% |
| Change in cash | - | €-1k | €2k | ▲ 286% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €22k ▲62.7%
Operating result €30k, net result €22k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 8.52
Current ratio from 2.40 to 8.52; short-term debt falls from €3k to €2k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kapellen · 1 establishment unit since 2015
Ground area
803 m²
Building footprint
193 m²
Volume, LiDAR
785 m³
Parcel 11362M0148/00R000, Flanders · tallest building 17.3 m. Linked by address, not a title deed.
1 establishment unit
LEXICO
since 20152.239.028.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0148/00R000 | Flanders | 803 m² | 1 · 193 m² | 17.3 m |
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.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 4,898 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
Founded01-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.