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LEXMAN

Active
Private limited companyfounded 201114 yrs activeRue Neuve 6, 4032 Liège, BelgiumKBO/BCE: BE 0841.762.040
Summary

LEXMAN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €608k and a net result of €49k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability83▼-2
Solvency85▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 2.2 in 2024; short-term debt: 12.6% and cash: 8.8% of total assets), and 40% of the assets are financed with debt.
Credit check for your own amount and term

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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
60%
Return on assets
4.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 24-03-2026, 129 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
129 d early
2024
139 d early
2023
114 d early
2022
84 d early
2021
86 d early
2020
81 d early
2019
78 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€220k
2024 · €0
2018: €0lowest in 8 years 2019: €0lowest in 8 years 2020: €0lowest in 8 years 2021: €0lowest in 8 years 2022: €0lowest in 8 years 2023: €0lowest in 8 years 2024: €0lowest in 8 years 2025: €220khighest in 8 years
2018 → 2025
EBIT margin
38.8%
Net result
€49k▼ 62.1%
2024 · €130k
2018: €61k 2019: €54k▼ -12.0% vs 2018 2020: €47k▼ -13.9% vs 2019lowest in 8 years 2021: €82k▲ +75.9% vs 2020 2022: €167k▲ +103% vs 2021highest in 8 years 2023: €62k▼ -63.0% vs 2022 2024: €130k▲ +110% vs 2023 2025: €49k▼ -62.1% vs 2024
2018 → 2025
Working capital
€88k▼ 24.7%
2024 · €117k
2018: €-30klowest in 8 years 2019: €-12k▲ +60.3% vs 2018 2020: €-8k▲ +34.6% vs 2019 2021: €-2k▲ +79.5% vs 2020 2022: €83k▲ +5313% vs 2021 2023: €54k▼ -35.6% vs 2022 2024: €117k▲ +119% vs 2023highest in 8 years 2025: €88k▼ -24.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€0-€0€0€0€220k 2021: €0lowest in 5 years 2022: €0lowest in 5 years 2023: €0lowest in 5 years 2024: €0lowest in 5 years 2025: €220khighest in 5 years
Equity€401k-€509k▲ 27.0%€529k▲ 4.0%€605k▲ 14.3%€608k▲ 0.4% 2021: €401klowest in 5 years 2022: €509k▲ +27.0% vs 2021 2023: €529k▲ +4.0% vs 2022 2024: €605k▲ +14.3% vs 2023 2025: €608k▲ +0.4% vs 2024highest in 5 years
Operating result€127k-€248k▲ 95.2%€99k▼ 59.9%€201k▲ 102%€85k▼ 57.5% 2021: €127k 2022: €248k▲ +95.2% vs 2021highest in 5 years 2023: €99k▼ -59.9% vs 2022 2024: €201k▲ +102% vs 2023 2025: €85k▼ -57.5% vs 2024lowest in 5 years
Net result€82k-€167k▲ 103%€62k▼ 63.0%€130k▲ 110%€49k▼ 62.1% 2021: €82k 2022: €167k▲ +103% vs 2021highest in 5 years 2023: €62k▼ -63.0% vs 2022 2024: €130k▲ +110% vs 2023 2025: €49k▼ -62.1% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
€0€100k€200kOperating result 2021: €127k€127kNet result 2021: €82k€82kOperating result 2022: €248k€248kNet result 2022: €167k€167kOperating result 2023: €99k€99kNet result 2023: €62k€62kOperating result 2024: €201k€201kNet result 2024: €130k€130kOperating result 2025: €85k€85kNet result 2025: €49k€49k20212022202320242025€0€100k€200kOperating result 2023: €99k€99kNet result 2023: €62k€62kOperating result 2024: €201k€201kNet result 2024: €130k€130kOperating result 2025: €85k€85kNet result 2025: €49k€49k202320242025
The operating result falls in 2025; 2025 is 58% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets €798k ▲ 2.8%
Current assets €215k ▲ 0.2%
Equity and liabilities €1.01M
Equity €608k ▲ 0.4%
Debt €405k ▲ 5.1%
Debt's share of the balance-sheet total rises from 38.9% to 40.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€110k▼
2024 · €216k
Cash flow
€74k▼
2024 · €145k
Current ratio
1.69▼
2024 · 2.20
Debt to equity
0.67▲
2024 · 0.64
ROE
8.1%▼
2024 · 21.4%
ROA
4.9%▼
2024 · 13.1%
Interest coverage
12.01▼
2024 · 23.93
Debt ≤ 1 year
€127k▲
2024 · €98k
Debt > 1 year
€278k▼
2024 · €288k
Income taxes
€27k▼
2024 · €62k
Staff costs
€2k=
2024 · €2k
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 · 58 lines
Balance sheet Code20242025
Assets
Total assets20/58€990k€1.01M▲
Fixed assets21/28€776k€798k▲
Tangible fixed assets22/27€394k€416k▲
Land and buildings22€393k€388k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€1k€28k▲
Financial fixed assets28€381k€381k=
Current assets29/58€215k€215k▲
Amounts receivable after more than one year29€0€0=
Trade receivables290€0€0=
Amounts receivable within one year40/41€50k€0▼
Trade receivables40€0€0=
Other amounts receivable41€50k€0▼
Current investments50/53€125k€125k=
Cash at bank and in hand54/58€40k€89k▲
Deferred charges and accrued income490/1€0€957▲
Equity and liabilities
Total equity and liabilities10/49€990k€1.01M▲
Equity10/15€605k€608k▲
Contributions10/11€85k€85k=
Reserves13€487k€489k▲
Non-distributable reserves130/1€0€0=
Reserves not available under the articles1311€0€0=
Distributable reserves133€487k€489k▲
Profit (loss) carried forward14€33k€33k=
Amounts payable17/49€385k€405k▲
Amounts payable after more than one year17€288k€278k▼
Financial debts170/4€288k€278k▼
Amounts payable within one year42/48€98k€127k▲
Current portion of amounts payable after more than one year42€26k€39k▲
Trade debts44€0€136▲
Suppliers440/4€0€136▲
Taxes, remuneration and social security45€15k€18k▲
Taxes450/3€15k€18k▲
Other amounts payable47/48€57k€70k▲
Accrued charges and deferred income492/3€0€0=
Income statement Code20242025
Turnover70€0€220k▲
Goods, raw materials, services and sundry goods60/61€0€141k▲
Remuneration, social security and pensions62€2k€2k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€25k▲
Other operating charges640/8€4k€6k▲
Gross operating margin9900€221k€118k▼
Operating profit (loss)9901€201k€85k▼
Financial income75/76B€123€0▼
Recurring financial income75€123€0▼
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€192k€76k▼
Income taxes67/77€62k€27k▼
Profit (loss) for the period9904€130k€49k▼
Profit (loss) for the period to be appropriated9905€130k€49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€163k€82k▼
Profit (loss) brought forward from the previous period14P€33k€33k=
Transfer from equity791/2€54k€47k▼
Transfer to equity691/2€130k€49k▼
To the legal reserve6920€0€0=
To other reserves6921€130k€49k▼
Profit to be distributed694/7€54k€47k▼
Return on contributions (dividend)694€54k€47k▼

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Turnover70€0€0€0€0€220k-
Goods, raw materials, services and sundry goods60/61€0€0€0€0€141k-
Remuneration, social security and pensions62€2k€2k€2k€2k€2k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k€30k€16k€25k▲ 58.4%
Other operating charges640/8€3k€2k€2k€4k€6k▲ 81.1%
Gross operating margin9900€154k€274k€133k€221k€118k▼ 46.7%
Operating profit (loss)9901€127k€248k€99k€201k€85k▼ 57.5%
Financial income75/76B€48€128€0€123€0▼ 100%
Recurring financial income75€48€128€0€123€0▼ 100%
Financial charges65/66B€6k€3k€9k€9k€9k▲ 1.4%
Recurring financial charges65€6k€3k€9k€9k€9k▲ 1.4%
Profit (loss) for the period before taxes9903€121k€245k€91k€192k€76k▼ 60.3%
Income taxes67/77€39k€78k€29k€62k€27k▼ 56.7%
Profit (loss) for the period9904€82k€167k€62k€130k€49k▼ 62.1%
Profit (loss) for the period to be appropriated9905€82k€167k€62k€130k€49k▼ 62.1%
Line20212022202320242025Change
Assets
Total assets20/58€738k€795k€971k€990k€1.01M▲ 2.3%
Fixed assets21/28€603k€580k€791k€776k€798k▲ 2.8%
Tangible fixed assets22/27€221k€199k€410k€394k€416k▲ 5.5%
Land and buildings22€187k€181k€407k€393k€388k▼ 1.2%
Plant, machinery and equipment23---€0€0-
Furniture and vehicles24€34k€18k€3k€1k€28k▲ 2,281%
Financial fixed assets28€381k€381k€381k€381k€381k=
Current assets29/58€136k€215k€180k€215k€215k▲ 0.2%
Amounts receivable after more than one year29€0-€0€0€0-
Trade receivables290€0-€0€0€0-
Amounts receivable within one year40/41€0€1k€33k€50k€0▼ 100%
Trade receivables40€0-€0€0€0-
Other amounts receivable41€0€1k€33k€50k€0▼ 100%
Current investments50/53€125k€125k€125k€125k€125k=
Cash at bank and in hand54/58€10k€89k€22k€40k€89k▲ 125%
Deferred charges and accrued income490/1€732€236€31€0€957-
Equity and liabilities
Total equity and liabilities10/49€738k€795k€971k€990k€1.01M▲ 2.3%
Equity10/15€401k€509k€529k€605k€608k▲ 0.4%
Contributions10/11€60k€60k€85k€85k€85k=
Reserves13€308k€416k€411k€487k€489k▲ 0.5%
Non-distributable reserves130/1€25k€25k€0€0€0-
Reserves not available under the articles1311€25k€25k€0€0€0-
Distributable reserves133€283k€391k€411k€487k€489k▲ 0.5%
Profit (loss) carried forward14€33k€33k€33k€33k€33k=
Amounts payable17/49€337k€286k€442k€385k€405k▲ 5.1%
Amounts payable after more than one year17€198k€154k€314k€288k€278k▼ 3.3%
Financial debts170/4€198k€154k€314k€288k€278k▼ 3.3%
Amounts payable within one year42/48€137k€132k€126k€98k€127k▲ 30.1%
Current portion of amounts payable after more than one year42€52k€45k€36k€26k€39k▲ 50.9%
Trade debts44€375-€275€0€136-
Suppliers440/4€375-€275€0€136-
Taxes, remuneration and social security45€26k€29k€9k€15k€18k▲ 16.2%
Taxes450/3€26k€29k€9k€15k€18k▲ 16.2%
Other amounts payable47/48€58k€59k€81k€57k€70k▲ 24.1%
Accrued charges and deferred income492/3€1k-€2k€0€0-
Line20212022202320242025Change
Profit (loss) for the period9904€82k€167k€62k€130k€49k▼ 62.1%
+ Depreciation and write-downs630€22k€23k€30k€16k€25k▲ 58.4%
Operating cash flow (approximation)€104k€190k€92k€145k€74k▼ 49.1%
Investment in fixed assets (approximation)-€0€-242k€0€-47k-
Change in cash-€79k€-67k€18k€50k▲ 180%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-03
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
14-03
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
08-04
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
08-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2018net €167k ▲103%
Operating result €248k, net result €167k, both a record.
31-12
Financial Equity above €500kEq €509k ▲27%
5 profitable years in a row build equity to €509k.
06-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
11-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet €47k ▼13.9%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
14-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
09-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
03-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
05-05
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Liège
exact location from the address register On OpenStreetMap
Ground area
661 m²
Building footprint
279 m²
Volume, LiDAR
2,050 m³
Parcel 62023A0595/00D002, Wallonia · tallest building 14.4 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62023A0595/00D002 Wallonia 661 m² 1 · 279 m² 14.4 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.

Similar companies · same sector, comparable size

Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 32,972 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
Founded13-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy

Scores and ratios are computed by Checked and are not a credit decision.