LISAX
ActiveSummary
LISAX has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.43M and a net result of €371k. Equity is growing by ~3.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability57▲+21
Solvency73▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.83 in 2023; short-term debt: 13.4% and cash: 6.1% of total assets), but 51.6% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.4%
Return on assets
5.2%
Age of the figures
21 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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
51 d early
2023
19 d early
2022
3 d early
2021
11 d early
2020
11 d early
2019
69 d late
← 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 company by equity in Menen, Real estate sector#9 company by total assets in Menen, Real estate sector
Equity
€3.43M▲ 12.1%
2023 · €3.06M
Total assets
€7.09M▼ 2.9%
2023 · €7.30M
Net result
€371k▲ 639%
2023 · €50k
Working capital
€652k▼ 15.8%
2023 · €775k
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
Line20202021202220232024
Operating result€165k▲ 15.7%€193k▲ 16.7%€305k▲ 58.3%€178k▼ 41.5%€661k▲ 271%
Net result€59k▲ 100%€67k▲ 12.9%€163k▲ 145%€50k▼ 69.3%€371k▲ 639%
Equity€2.78M▲ 3.0%€2.85M▲ 2.4%€3.01M▲ 5.7%€3.06M▲ 1.7%€3.43M▲ 12.1%
Total assets€6.86M▲ 1.1%€6.90M▲ 0.7%€7.18M▲ 4.0%€7.30M▲ 1.6%€7.09M▼ 2.9%
Debt€3.93M▲ 0.7%€3.89M▼ 0.9%€3.98M▲ 2.2%€4.06M▲ 1.9%€3.38M▼ 16.6%
Working capital€474k▲ 19.5%€267k▼ 43.7%€637k▲ 139%€775k▲ 21.6%€652k▼ 15.8%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 271% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.09M
Fixed assets
€5.49M ▼ 1.8%
Current assets
€1.60M ▼ 6.4%
Equity and liabilities €7.09M
Equity
€3.43M ▲ 12.1%
Provisions
€274k ▲ 51.5%
Debt
€3.38M ▼ 16.6%
Debt's share of the balance-sheet total falls from 55.6% to 47.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€784k▲
2023 · €306k
Cash flow
€494k▲
2023 · €178k
Current ratio
1.69▼
2023 · 1.83
Debt to equity
0.99▼
2023 · 1.33
ROE
10.8%▲
2023 · 1.6%
ROA
5.2%▲
2023 · 0.7%
Interest coverage
3.84▲
2023 · 1.99
Debt ≤ 1 year
€947k▲
2023 · €935k
Debt > 1 year
€2.40M▼
2023 · €3.05M
Income taxes
€31k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €89k | €146k | €0 | €412k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €151k | €170k | €117k | €128k | €123k | ▼ 3.4% |
| Other operating charges640/8 | - | €68k | €82k | €86k | €43k | ▼ 49.8% |
| Gross operating margin9900 | €325k | €431k | €503k | €392k | €828k | ▲ 111% |
| Operating profit (loss)9901 | €165k | €193k | €305k | €178k | €661k | ▲ 271% |
| Financial income75/76B | - | €3k | €539 | €26k | €39k | ▲ 50.8% |
| Recurring financial income75 | €239 | €3k | €539 | €26k | €39k | ▲ 50.8% |
| Financial charges65/66B | - | €114k | €114k | €154k | €204k | ▲ 33.0% |
| Recurring financial charges65 | €113k | €114k | €114k | €154k | €204k | ▲ 33.0% |
| Profit (loss) for the period before taxes9903 | €52k | €82k | €191k | €50k | €495k | ▲ 886% |
| Transfer from deferred taxes780 | - | €7k | €7k | €10k | €8k | ▼ 16.0% |
| Transfer to deferred taxes680 | - | €22k | €35k | €0 | €101k | - |
| Income taxes67/77 | - | - | - | €10k | €31k | ▲ 223% |
| Profit (loss) for the period9904 | €59k | €67k | €163k | €50k | €371k | ▲ 639% |
| Transfer from tax-exempt reserves789 | - | €21k | €21k | €29k | €24k | ▼ 16.0% |
| Transfer to tax-exempt reserves689 | - | €67k | €104k | €0 | €304k | - |
| Profit (loss) for the period to be appropriated9905 | €80k | €21k | €80k | €79k | €91k | ▲ 15.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.86M | €6.90M | €7.18M | €7.30M | €7.09M | ▼ 2.9% |
| Fixed assets21/28 | €5.45M | €5.76M | €5.65M | €5.59M | €5.49M | ▼ 1.8% |
| Tangible fixed assets22/27 | €5.45M | €5.76M | €5.65M | €5.59M | €5.49M | ▼ 1.8% |
| Land and buildings22 | - | €5.76M | €5.65M | €5.59M | €5.49M | ▼ 1.8% |
| Current assets29/58 | €1.40M | €1.14M | €1.53M | €1.71M | €1.60M | ▼ 6.4% |
| Amounts receivable within one year40/41 | €51k | €48k | €103k | €167k | €61k | ▼ 63.6% |
| Trade receivables40 | - | €48k | €23k | €7k | €4k | ▼ 51.0% |
| Other amounts receivable41 | - | €87 | €80k | €160k | €57k | ▼ 64.2% |
| Current investments50/53 | - | - | - | €1.09M | €1.11M | ▲ 1.6% |
| Cash at bank and in hand54/58 | €1.35M | €1.09M | €1.43M | €446k | €430k | ▼ 3.6% |
| Deferred charges and accrued income490/1 | - | €3k | €4k | €6k | €1k | ▼ 80.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.86M | €6.90M | €7.18M | €7.30M | €7.09M | ▼ 2.9% |
| Equity10/15 | €2.78M | €2.85M | €3.01M | €3.06M | €3.43M | ▲ 12.1% |
| Contributions10/11 | €818k | €818k | €818k | €818k | €818k | = |
| Capital10 | - | €818k | €818k | €818k | €818k | = |
| Issued capital100 | - | €818k | €818k | €818k | €818k | = |
| Reserves13 | €1.96M | €2.03M | €2.19M | €2.24M | €2.61M | ▲ 16.5% |
| Non-distributable reserves130/1 | - | €82k | €82k | €82k | €82k | = |
| Legal reserve130 | - | €82k | €82k | €82k | €82k | = |
| Tax-exempt reserves132 | - | €489k | €572k | €543k | €823k | ▲ 51.5% |
| Distributable reserves133 | - | €1.46M | €1.54M | €1.62M | €1.71M | ▲ 5.6% |
| Provisions and deferred taxes16 | €148k | €163k | €191k | €181k | €274k | ▲ 51.5% |
| Deferred taxes168 | - | €163k | €191k | €181k | €274k | ▲ 51.5% |
| Amounts payable17/49 | €3.93M | €3.89M | €3.98M | €4.06M | €3.38M | ▼ 16.6% |
| Amounts payable after more than one year17 | €3.00M | €3.01M | €3.03M | €3.05M | €2.40M | ▼ 21.2% |
| Other amounts payable178/9 | - | €3.01M | €3.03M | €3.05M | €2.40M | ▼ 21.2% |
| Amounts payable within one year42/48 | €929k | €874k | €897k | €935k | €947k | ▲ 1.4% |
| Trade debts44 | €71k | €12k | €23k | €12k | €35k | ▲ 182% |
| Suppliers440/4 | - | €12k | €23k | €12k | €35k | ▲ 182% |
| Taxes, remuneration and social security45 | - | €8k | €3k | €4k | €3k | ▼ 32.2% |
| Taxes450/3 | - | €8k | €3k | €4k | €3k | ▼ 32.2% |
| Other amounts payable47/48 | - | €855k | €871k | €918k | €910k | ▼ 0.9% |
| Accrued charges and deferred income492/3 | - | €5k | €52k | €76k | €36k | ▼ 52.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59k | €67k | €163k | €50k | €371k | ▲ 639% |
| + Depreciation and write-downs630 | €151k | €170k | €117k | €128k | €123k | ▼ 3.4% |
| Operating cash flow (approximation) | €210k | €237k | €280k | €178k | €494k | ▲ 178% |
| Investment in fixed assets (approximation) | - | €-479k | €-199 | €-70k | €-25k | ▲ 64.8% |
| Change in cash | - | €-258k | €337k | €-981k | €-16k | ▲ 98.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €371k ▲639%
Operating result €661k, net result €371k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Weakest financial yearnet €30k ▼87%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Menen · 1 establishment unit since 2002
Ground area
3,629 m²
Building footprint
502 m²
Volume, LiDAR
2,067 m³
Parcel 34372C0233/00W004, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Kortrijkstraat 426, 8930 Menen
since 20022.112.287.341
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34372C0233/00W004 | Flanders | 3,629 m² | 1 · 502 m² | 8.3 m · 1 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
APHRODITE INVEST
BE 0887.884.055
Elsene · Eq €3,431,139
MATRALAT
BE 0880.255.303
Wellen · Eq €3,425,064
LA FINANCIERE WAVRIENNE
BE 0447.075.176
Wavre · Eq €3,424,423
FOUGINVEST
BE 0447.748.733
Seraing · Eq €3,422,095
UNIVERSAL PERFORMANCE
BE 0451.833.126
Ouffet · Eq €3,441,276
Of 9,143 companies in sector 68201 we hold annual accounts for 6,769. 3,670 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.