LOX

Active

Public limited companyfounded 20224 yrs activeDendermondesteenweg 336, 9070 Destelbergen, BelgiumKBO/BCE: BE 0786.534.297

The computed 12-month bankruptcy probability of LOX is 4.0% (moderate). The 2025 annual accounts show equity of €12k and a net result of €24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 810 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

37 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability26▲+26

Solvency28▲+5

Growth58▲+26

Track record94

Bankruptcy probability, 12 months

4.0% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.3 against 0.27 in 2024; short-term debt: 18.4% and cash: 0% of total assets), and 97.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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

2.8%

Return on assets

5.5%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 810 sector peers (2025).

NBB · sector comparison

Position among 810 sector peers

Solvency

better than 24%

← weakest strongest →

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 · 4 filings

Deviation from the deadline

2025

7 d early

2024

6 d early

2023

20 d early

2022

79 d late

← before the deadline after the deadline →

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

21-09-2026 today31-12-2026 close31-07-2027 deadline

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

Not included in this filing

EBIT margin

Not included in this filing

Net result

€24k

2024 · €-173k

2022: €-88k 2023: €-141k 2024: €-173k

2022 → 2025

Working capital

€-56k▲ 21.0%

2024 · €-70k

2022: €-69k 2023: €-82k 2024: €-70k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€112k-€-29k€-12k▲ 60.9%€12k

Operating result€-88k-€-134k▼ 52.9%€-163k▼ 21.6%€-124k▲ 23.8%

Net result€-88k-€-141k▼ 59.5%€-173k▼ 22.6%€24k

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €124k in 2025 against €163k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €433k

94.5%

Fixed assets €409k▼ 12.9%

Current assets €24k▼ 7.0%

Equity and liabilities €433k

97.2%

Equity €12k

Debt €420k

Debt finances 97.2% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-66k▲

2024 · €-107k

Cash flow

€82k▲

2024 · €-117k

Solvency

2.8%▲

2024 · -2.3%

Current ratio

0.30▲

2024 · 0.27

Quick ratio

0.15▼

2024 · 0.18

Debt / equity

34.48▲

2024 · -44.00

ROE

194.4%

ROA

5.5%▲

2024 · -34.9%

Interest coverage

-7.42▲

2024 · -10.02

Debt

€420k▼

2024 · €506k

Debt ≤ 1 year

€80k▼

2024 · €96k

Debt > 1 year

€341k▼

2024 · €408k

Staff costs

€109k▲

2024 · €40k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€495k€433k▼

Fixed assets21/28€469k€409k▼

Intangible fixed assets21€78k€68k▼

Tangible fixed assets22/27€383k€332k▼

Plant, machinery and equipment23€10k€9k▼

Furniture and vehicles24€4k€2k▼

Other tangible fixed assets26€370k€321k▼

Financial fixed assets28€8k€8k▲

Current assets29/58€26k€24k▼

Stocks and contracts in progress3€8k€12k▲

Stocks30/36€8k€12k▲

Amounts receivable within one year40/41€14k€7k▼

Trade receivables40€3k€715▼

Other amounts receivable41€11k€6k▼

Cash at bank and in hand54/58€2k€157▼

Deferred charges and accrued income490/1€764€5k▲

Equity and liabilities

Total equity and liabilities10/49€495k€433k▼

Equity10/15€-12k€12k▲

Contributions10/11€391k€391k=

Capital10€391k€391k=

Issued capital100€391k€391k=

Profit (loss) carried forward14€-402k€-379k▲

Amounts payable17/49€506k€420k▼

Amounts payable after more than one year17€408k€341k▼

Financial debts170/4€408k€341k▼

Amounts payable within one year42/48€96k€80k▼

Current portion of amounts payable after more than one year42€20k€21k▲

Financial debts43€21k€22k▲

Credit institutions430/8€21k€22k▲

Trade debts44€38k€25k▼

Suppliers440/4€38k€25k▼

Taxes, remuneration and social security45€17k€11k▼

Taxes450/3€7k€5k▼

Remuneration and social security454/9€10k€6k▼

Accrued charges and deferred income492/3€2k€95▼

Income statement Code20242025

Remuneration, social security and pensions62€40k€109k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€59k▲

Other operating charges640/8€10k€2k▼

Gross operating margin9900€-57k€45k▲

Operating profit (loss)9901€-163k€-124k▲

Financial income75/76B€950€157k▲

Recurring financial income75€950€0▼

Non-recurring financial income76B-€157k

Financial charges65/66B€11k€9k▼

Recurring financial charges65€11k€9k▼

Profit (loss) for the period before taxes9903€-173k€24k▲

Profit (loss) for the period9904€-173k€24k▲

Profit (loss) for the period to be appropriated9905€-173k€24k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-402k€-379k▲

Profit (loss) brought forward from the previous period14P€-229k€-402k▼

Social balance

Average headcount (FTE)90870.32.3▲

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

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Back to profitnet €24k

Net result €24k after 3 loss-making years.

25-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €-173k

Net result drops to €-173k, the lowest in the series; recovery starts the following year.

11-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

18-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 79 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

08-01-2026 BV Lace Invest: Resigned as Director

01-10-2024 FLOVIER: Resigned as Director

09-09-2024 KRATO PROJECTS: Resigned as Director

09-09-2024 RDS Holding: Resigned as Director

Location & real-estate footprint

Registered office, Destelbergen · 2 establishment units since 2022

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Dendermondesteenweg 3369070 Destelbergen

Ground area

2,377 m²