LEXSOL
ActiveSummary
LEXSOL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €448,108 and a net result of -€54,241. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 137 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
What they do
Development of residential building projects
NACE 68121Real estate development NACE 41101
#7 company by equity in Waimes, Real estate sector1 site
How big
€732,416total assets 2026
- Equity
- €448,108
- Loss
- -€54,241
Who decides
Accounts 43 d early0 of 5 deeds read
Why 72- Higher-failure-rate region- Persistent losses+ Lower-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2026
Axes · tick = 2025
Profitability59▲+4
Solvency86▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.61 in 2025; short-term debt: 24.1% and cash: 3.9% of total assets), and 38.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 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
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€54,241
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 18-09-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
43 d early
2025
36 d early
2024
52 d early
2023
42 d early
2022
53 d early
2021
55 d early
2020
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 18 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-03-2027 close31-10-2027 deadline
- Annual accounts filedfiscal year 2026 · abbreviated…
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€103,617
Financials
Fiscal year 2026Total assets €732,416Loss -€54,241Solvency 61.2%Liquidity 2.46
Total assets
€732,416▼ 24.0%
2019 - 2026
Net result
-€54,241▲ 47.7%
2019 - 2026
Equity
€448,108▼ 10.8%
2019 - 2026
Solvency
61.2%▲ 9.0pp
2019 - 2026
Financials · fiscal year 2026, abbreviated schema
In the rankings
#7 company by equity in Waimes, Real estate sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€0.3m▲ 128%€0.2m▼ 11.6%€0.02m▼ 91.1%-€0.1m-€0.05m▲ 49.6%
Net result€0.2mabove the sector's middle half▲ 119%€0.2mabove the sector's middle half▼ 6.1%€0.008mwithin the sector's middle half▼ 95.3%-€0.1mbelow the sector's middle half-€0.05m▲ 47.7%
Equity€0.4mwithin the sector's middle half▲ 82.8%€0.6mwithin the sector's middle half▲ 42.5%€0.6mwithin the sector's middle half▲ 1.4%€0.5mwithin the sector's middle half▼ 17.1%€0.4m▼ 10.8%
Total assets€1.1mwithin the sector's middle half▼ 7.2%€1.5mwithin the sector's middle half▲ 30.1%€1.3mwithin the sector's middle half▼ 14.0%€1.0mbelow the sector's middle half▼ 23.4%€0.7m▼ 24.0%
Debt€0.7m▼ 28.2%€0.9m▲ 22.8%€0.7m▼ 24.6%€0.5m▼ 29.3%€0.3m▼ 38.4%
Working capital€0.3mwithin the sector's middle half▲ 197%€0.4mwithin the sector's middle half▲ 46.1%€0.4mwithin the sector's middle half▲ 2.6%€0.3mwithin the sector's middle half▼ 23.0%€0.3m▼ 18.9%
Solvency37.3%within the sector's middle half▲ 18.4pp40.8%within the sector's middle half▲ 3.5pp48.1%within the sector's middle half▲ 7.3pp52.1%within the sector's middle half▲ 4.0pp61.2%▲ 9.0pp
Current ratio2.26within the sector's middle half▲ 1.022.50within the sector's middle half▲ 0.242.83within the sector's middle half▲ 0.332.61within the sector's middle half▼ 0.222.46▼ 0.15
Return on assets (ROA)16.9%above the sector's middle half▲ 9.7pp12.2%above the sector's middle half▼ 4.7pp0.7%within the sector's middle half▼ 11.5pp-10.8%below the sector's middle half▼ 11.4pp-7.4%▲ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €49,295 in 2026 against €97,720 in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €732,416
Fixed assets
€298,835 ▼ 33.6%
Current assets
€433,581 ▼ 15.6%
Equity and liabilities €732,416
Equity
€448,108 ▼ 10.8%
Debt
€284,308 ▼ 38.4%
Debt's share of the balance-sheet total falls from 47.9% to 38.8%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
€75,269▲
2025 · €74,461
Cash flow
€70,323▲
2025 · €68,565
Debt to equity
0.63▼
2025 · 0.92
ROE
-12.1%▲
2025 · -20.6%
Interest coverage
15.22▲
2025 · 11.35
Debt ≤ 1 year
€176,281▼
2025 · €196,655
Debt > 1 year
€108,027▼
2025 · €264,577
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.6%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 2,687 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.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108,814 | €163,193 | €172,181 | €172,181 | €124,564 | ▼ 27.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €8,376 | - | - | - | - |
| Other operating charges640/8 | €496 | €1,823 | €1,782 | €1,740 | €2,585 | ▲ 48.5% |
| Gross operating margin9900 | €378,854 | €411,791 | €195,129 | €76,202 | €77,854 | ▲ 2.2% |
| Operating profit (loss)9901 | €269,544 | €238,400 | €21,165 | -€97,720 | -€49,295 | ▲ 49.6% |
| Financial income75/76B | - | €140 | €131 | €662 | - | - |
| Recurring financial income75 | - | €140 | €131 | €662 | - | - |
| Financial charges65/66B | €4,600 | €10,289 | €9,546 | €6,558 | €4,946 | ▼ 24.6% |
| Recurring financial charges65 | €4,600 | €10,289 | €9,546 | €6,558 | €4,946 | ▼ 24.6% |
| Profit (loss) for the period before taxes9903 | €264,944 | €228,250 | €11,750 | -€103,615 | -€54,241 | ▲ 47.7% |
| Income taxes67/77 | €75,015 | €49,993 | €3,347 | €1 | - | - |
| Profit (loss) for the period9904 | €189,930 | €178,257 | €8,403 | -€103,617 | -€54,241 | ▲ 47.7% |
| Profit (loss) for the period to be appropriated9905 | €189,930 | €178,257 | €8,403 | -€103,617 | -€54,241 | ▲ 47.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.5m | €1.3m | €1.0m | €0.7m | ▼ 24.0% |
| Fixed assets21/28 | €0.6m | €0.8m | €0.6m | €0.4m | €0.3m | ▼ 33.6% |
| Tangible fixed assets22/27 | €0.6m | €0.8m | €0.6m | €0.4m | €0.3m | ▼ 33.6% |
| Plant, machinery and equipment23 | €0.04m | €0.08m | €0.06m | €0.05m | €0.03m | ▼ 31.6% |
| Furniture and vehicles24 | - | €0.05m | €0.04m | €0.03m | €0.01m | ▼ 48.3% |
| Leasing and similar rights25 | €0.6m | €0.7m | €0.5m | €0.4m | €0.3m | ▼ 32.7% |
| Financial fixed assets28 | - | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €0.5m | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 15.6% |
| Amounts receivable within one year40/41 | €0.3m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 17.6% |
| Trade receivables40 | €0.3m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 37.0% |
| Other amounts receivable41 | €0.01m | €0.002m | €0.05m | €0.05m | €0.1m | ▲ 146% |
| Cash at bank and in hand54/58 | €0.2m | €0.06m | €0.03m | €0.02m | €0.03m | ▲ 32.6% |
| Deferred charges and accrued income490/1 | €0.004m | €0.004m | €0.004m | €0.004m | €0.003m | ▼ 30.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.5m | €1.3m | €1.0m | €0.7m | ▼ 24.0% |
| Equity10/15 | €0.4m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 10.8% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 16.3% |
| Distributable reserves133 | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 16.3% |
| Amounts payable17/49 | €0.7m | €0.9m | €0.7m | €0.5m | €0.3m | ▼ 38.4% |
| Amounts payable after more than one year17 | €0.5m | €0.6m | €0.4m | €0.3m | €0.1m | ▼ 59.2% |
| Financial debts170/4 | €0.5m | €0.6m | €0.4m | €0.3m | €0.1m | ▼ 59.2% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 10.4% |
| Current portion of amounts payable after more than one year42 | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 16.1% |
| Financial debts43 | - | €0.004m | €0.004m | - | - | - |
| Credit institutions430/8 | - | €0.004m | €0.004m | - | - | - |
| Trade debts44 | €0.1m | €0.08m | €0.04m | €0.03m | €0.04m | ▲ 17.7% |
| Suppliers440/4 | €0.1m | €0.08m | €0.04m | €0.03m | €0.04m | ▲ 17.7% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.01m | €0 | €2 | ▲ 541% |
| Taxes450/3 | - | €0.02m | €0.01m | €0 | €2 | ▲ 541% |
| Accrued charges and deferred income492/3 | €23 | €35 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €189,930 | €178,257 | €8,403 | -€103,617 | -€54,241 | ▲ 47.7% |
| + Depreciation and write-downs630 | €108,814 | €163,193 | €172,181 | €172,181 | €124,564 | ▼ 27.7% |
| Operating cash flow (approximation) | €298,744 | €341,450 | €180,585 | €68,565 | €70,323 | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | -€325,256 | €0 | €0 | €26,332 | - |
| Change in cash | - | -€153,109 | -€31,595 | -€11,938 | €6,944 | ▲ 158% |
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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BI-HOLDING
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Immo de Vreeze
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Of 9,696 companies in this sector we hold annual accounts for 7,393. 4,827 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
17 eventsLatest 18-09-2026Next filing 31-10-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet -€103,617
Net result drops to -€103,617, the lowest in the series; recovery starts the following year.
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €500,000Eq €597,562 ▲42.5%
3 profitable years in a row build equity to €597,562.
2022
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2019net €189,930 ▲119%
Operating result €269,544, net result €189,930, both a record.
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Back to profitnet €86,583
Net result €86,583 after 2 loss-making years.
31-03
Financial
Equity above €200,000Eq €229,375 ▲60.6%
Equity rises from €142,793 to €229,375.
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
31-03
Financial
Liquidity times 156current ratio 19.43
Current ratio from 0.12 to 19.43.
31-03
Financial
Equity above €100,000Eq €142,793
Equity rises from -€4,516 to €142,793.
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · 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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Company details
Private limited company · founded 19-04-2012Year ends 31-03Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded19-04-2012
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
66300Activities auxiliary to financial services and insurance activities
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845376279
Also
9925:BE0845376279
Registered
12-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Waimes · 1 establishment unit since 2012
Ground area
43.8 ha
Building footprint
75 m²
Volume, LiDAR
881 m³
Parcel 63080M0002/00G017, Wallonia · tallest building 20.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LEXSOL
since 2012unit no. 2.209.617.141
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080M0002/00G017 | Wallonia | 43.8 ha | 1 · 75 m² | 20.6 m · 4 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.
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