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LEXMASTER

Active
Private limited companyfounded 20214 years activeHeldergemstraat(HE) 150, 9450 Haaltert, BelgiumKBO/BCE: BE 0776.753.828
Summary

The computed 12-month bankruptcy probability of LEXMASTER is 6.6% (elevated). The 2024 annual accounts show equity of €3,138 and a net result of €3,307. Equity is growing by ~121.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 36,396 sector peers (NACE 43, fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Insulation installation
NACE 43230
1 site
Size
€18,982total assets 2024
Equity
€3,138
Profit
€3,307
Turnover not published (abridged schema)
Financial health
36 Weak Checked score 2024
Bankruptcy probability, 12 months
6.6%
Structure
Accounts 68 days overdue0 of 2 deeds read
Why 36- 1 financial year not filed after the legal deadline; latest accounts 46 days late; 2 of the last 3 late- Figures for FY 2024 (filed 19-09-2025)- Liquidity: current ratio 0.57, cash €29, halved- Founded in 2021Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 46% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Weak
Solvency 42+18
equity 16.5% of total assets
Liquidity 4-23
short-term debt 83.5% · cash 0.2%
Profitability 81-9
return on assets 17.4%
Bankruptcy probability, 12 months
6.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,513 companies)
Last 24 months 11-2024: 3.2% 12-2024: 3.2%● unchanged vs 11-2024 01-2025: 3.1%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 3.2%▲ +0.1 percentage points vs 01-2025 03-2025: 3.2%● unchanged vs 02-2025 04-2025: 3.9%▲ +0.7 percentage points vs 03-2025 05-2025: 4.6%▲ +0.7 percentage points vs 04-2025 06-2025: 4.7%▲ +0.1 percentage points vs 05-2025 07-2025: 4.4%▼ -0.3 percentage points vs 06-2025 08-2025: 5.1%▲ +0.7 percentage points vs 07-2025 09-2025: 5.2%▲ +0.1 percentage points vs 08-2025 10-2025: 6.3%▲ +1.1 percentage points vs 09-2025 11-2025: 6.2%▼ -0.1 percentage points vs 10-2025 12-2025: 6.2%● unchanged vs 11-2025 01-2026: 6.2%● unchanged vs 12-2025 02-2026: 6.2%● unchanged vs 01-2026 03-2026: 6.2%● unchanged vs 02-2026 04-2026: 7.2%▲ +1.0 percentage point vs 03-2026highest value 05-2026: 4.7%▼ -2.5 percentage points vs 04-2026 06-2026: 4.7%● unchanged vs 05-2026 07-2026: 4.6%▼ -0.1 percentage points vs 06-2026 08-2026: 5.2%▲ +0.6 percentage points vs 07-2026 09-2026: 5.4%▲ +0.2 percentage points vs 08-2026 10-2026: 6.6%▲ +1.2 percentage points vs 09-2026
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.57 against 0.27 in 2023; short-term debt: 83.5% and cash: 0.2% of total assets), and 83.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 19% on solvency, 4% on liquidity, 62% on profitability and 99% on growth.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 46 days late; 2 of the last 3 late
NBB · filings
raises risk · Figures for FY 2024 (filed 19-09-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.57, cash €29, halved
NBB · annual accounts
raises risk · Founded in 2021
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36396 sector peers (2024).
NBB · sector comparison
Position among 36396 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
46 days late
2023
30 days late
2022
121 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 66 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Highest result since 2022net €3,307 ▲63.8%
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Among the weakest 12% on equitysector median €57,949 · 36,413 companies €3,138 View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Total assets 20243 fiscal years filed €18,982 View

By topic

Financials

Fiscal year
2024
Total assets
€18,982
Profit
€3,307
Solvency
16.5%
Total assets▲ 58.5%
Net result
20222024
Go to Financials

Timeline

Events
5
Since
2023
  1. 31-12-2023Back to profit
  2. 29-11-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Insulation installationNACE 43230
Founded
02-11-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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