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Lexmas

Active
Private limited companyfounded 20251 yr activeWilgenroosstraat 5, 8200 Brugge, BelgiumKBO/BCE: BE 1021.117.317
Summary

Lexmas has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,994 and a net result of €23,827. Its solvency ranks better than 51% of 12829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes
Profitability100
Solvency83
Growth-
Track record67
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.33; short-term debt: 42.3% and cash: 93.3% of total assets), and 42.3% of the assets are financed with debt.
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Signals

Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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
57.7%
Return on assets
57.3%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
7 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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

History

On 17 March 2025, Lexmas was incorporated as a Private limited company.1 In 2026 the registered office moved to Sint-Andries.2 The company has filed annual accounts once, for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 31-08-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€23,994
Total assets
€41,587
Net result
€23,827
Working capital
€23,315

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €41,587
Fixed assets €679
Current assets €40,908
Equity and liabilities €41,587
Equity €23,994
Debt €17,593
Debt finances 42.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€35,435
Cash flow
€26,355
Current ratio
2.33
Debt to equity
0.73
ROE
99.3%
ROA
57.3%
Interest coverage
326.65
Debt ≤ 1 year
€17,593
Income taxes
€8,971

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€41,587
Fixed assets21/28€679
Tangible fixed assets22/27€679
Furniture and vehicles24€679
Current assets29/58€40,908
Amounts receivable within one year40/41€2,102
Trade receivables40€2,102
Cash at bank and in hand54/58€38,806
Equity and liabilities
Total equity and liabilities10/49€41,587
Equity10/15€23,994
Contributions10/11€1,000
Reserves13€22,994
Distributable reserves133€22,994
Profit (loss) carried forward14€0
Amounts payable17/49€17,593
Amounts payable within one year42/48€17,593
Trade debts44€1,132
Suppliers440/4€1,132
Taxes, remuneration and social security45€14,532
Taxes450/3€12,992
Remuneration and social security454/9€1,540
Other amounts payable47/48€1,929
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,527
Other operating charges640/8€450
Gross operating margin9900€35,884
Operating profit (loss)9901€32,907
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€108
Recurring financial charges65€108
Profit (loss) for the period before taxes9903€32,799
Income taxes67/77€8,971
Profit (loss) for the period9904€23,827
Profit (loss) for the period to be appropriated9905€23,827
Appropriation of the result
Profit (loss) to be appropriated9906€23,827
Transfer to equity691/2€22,994
To other reserves6921€22,994
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,527
Other operating charges640/8€450
Gross operating margin9900€35,884
Operating profit (loss)9901€32,907
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€108
Recurring financial charges65€108
Profit (loss) for the period before taxes9903€32,799
Income taxes67/77€8,971
Profit (loss) for the period9904€23,827
Profit (loss) for the period to be appropriated9905€23,827
Line2025
Assets
Total assets20/58€41,587
Fixed assets21/28€679
Tangible fixed assets22/27€679
Furniture and vehicles24€679
Current assets29/58€40,908
Amounts receivable within one year40/41€2,102
Trade receivables40€2,102
Cash at bank and in hand54/58€38,806
Equity and liabilities
Total equity and liabilities10/49€41,587
Equity10/15€23,994
Contributions10/11€1,000
Reserves13€22,994
Distributable reserves133€22,994
Profit (loss) carried forward14€0
Amounts payable17/49€17,593
Amounts payable within one year42/48€17,593
Trade debts44€1,132
Suppliers440/4€1,132
Taxes, remuneration and social security45€14,532
Taxes450/3€12,992
Remuneration and social security454/9€1,540
Other amounts payable47/48€1,929
Line2025
Profit (loss) for the period9904€23,827
+ Depreciation and write-downs630€2,527
Operating cash flow (approximation)€26,355

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

2026
31-08
State Gazette act Registered office
Registered-office move3 facts ▸
  • Board meeting, 10-08-2026
  • Registered-office move, Wilgenroosstraat 5, 8200 Sint-Andries
  • Other statement, closure of former branch, Boudewijn Ravestraat 53, 8000 Brugge
24-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
2.4 ha
Building footprint
3,580 m²
Volume, LiDAR
51,869 m³
2 parcels, Flanders · tallest building 24.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Lexmas
Spinnerijstraat(Kor) 99, 8500 KortrijkActivities of lawyers
since 20252.371.347.716
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34353B0282/00N000 Flanders 2.4 ha 1 · 3,456 m² 24.2 m · 5 fl.
31027D0630/00S002 Flanders 629 m² 1 · 124 m² 9.3 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.

Articles of association

Other statement
One provision in the deed

Similar companies · same sector, comparable size

Of 22,075 companies in sector 69101 we hold annual accounts for 9,060. 6,415 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
Founded17-03-2025
Fiscal year end31-12
Activities, NACEBEL 2008
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID 0208:1021117317
Also 9925:BE1021117317
Registered 23-07-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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