NCLex
ActiveSummary
NCLex has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,371 and a net result of €35,541. Equity is growing by ~60.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency61▼-39
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 6.45 in 2024; short-term debt: 63.6% and cash: 92.6% of total assets), but 63.6% 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+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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
36.4%
Return on assets
32.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
26 d late
2022
42 d early
2021
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€40,371▼ 55.1%
2024 · €89,947
Total assets
€110,891▲ 5.7%
2024 · €104,943
Net result
€35,541▲ 42.7%
2024 · €24,903
Working capital
€36,536▼ 55.3%
2024 · €81,743
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
Line20212022202320242025
Operating result€16,960-€39,199▲ 131%€33,180▼ 15.4%€31,960▼ 3.7%€45,593▲ 42.7%
Net result€12,206-€27,766▲ 127%€25,505▼ 8.1%€24,903▼ 2.4%€35,541▲ 42.7%
Equity€13,406-€40,371▲ 201%€65,876▲ 63.2%€89,947▲ 36.5%€40,371▼ 55.1%
Total assets€38,330-€74,874▲ 95.3%€93,327▲ 24.6%€104,943▲ 12.4%€110,891▲ 5.7%
Debt€24,924-€34,502▲ 38.4%€27,450▼ 20.4%€14,997▼ 45.4%€70,519▲ 370%
Working capital-€5,281-€25,532€54,884▲ 115%€81,743▲ 48.9%€36,536▼ 55.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 43% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110,891
Fixed assets
€3,836 ▼ 53.2%
Current assets
€107,055 ▲ 10.7%
Equity and liabilities €110,891
Equity
€40,371 ▼ 55.1%
Debt
€70,519 ▲ 370%
Debt's share of the balance-sheet total rises from 14.3% to 63.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€49,961▲
2024 · €36,312
Cash flow
€39,909▲
2024 · €29,256
Current ratio
1.52▼
2024 · 6.45
Debt to equity
1.75▲
2024 · 0.17
ROE
88.0%▲
2024 · 27.7%
ROA
32.1%▲
2024 · 23.7%
Interest coverage
551.45▼
2024 · 745.78
Debt ≤ 1 year
€70,519▲
2024 · €14,997
Income taxes
€10,264▲
2024 · €7,320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €548 | €3,847 | €3,847 | €4,352 | €4,368 | ▲ 0.4% |
| Other operating charges640/8 | €110 | €347 | €80 | €467 | €463 | ▼ 0.9% |
| Gross operating margin9900 | €17,618 | €43,393 | €37,107 | €36,779 | €50,424 | ▲ 37.1% |
| Operating profit (loss)9901 | €16,960 | €39,199 | €33,180 | €31,960 | €45,593 | ▲ 42.7% |
| Financial income75/76B | - | - | - | €313 | €302 | ▼ 3.3% |
| Recurring financial income75 | - | - | - | €313 | €302 | ▼ 3.3% |
| Financial charges65/66B | €27 | €32 | €155 | €49 | €91 | ▲ 86.1% |
| Recurring financial charges65 | €27 | €32 | €155 | €49 | €91 | ▲ 86.1% |
| Profit (loss) for the period before taxes9903 | €16,933 | €39,167 | €33,025 | €32,224 | €45,805 | ▲ 42.1% |
| Income taxes67/77 | €4,728 | €11,402 | €7,520 | €7,320 | €10,264 | ▲ 40.2% |
| Profit (loss) for the period9904 | €12,206 | €27,766 | €25,505 | €24,903 | €35,541 | ▲ 42.7% |
| Profit (loss) for the period to be appropriated9905 | €12,206 | €27,766 | €25,505 | €24,903 | €35,541 | ▲ 42.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,330 | €74,874 | €93,327 | €104,943 | €110,891 | ▲ 5.7% |
| Fixed assets21/28 | €18,687 | €14,840 | €10,993 | €8,204 | €3,836 | ▼ 53.2% |
| Tangible fixed assets22/27 | €18,687 | €14,840 | €10,993 | €8,204 | €3,836 | ▼ 53.2% |
| Plant, machinery and equipment23 | - | - | - | €1,058 | €537 | ▼ 49.3% |
| Furniture and vehicles24 | €18,687 | €14,840 | €10,993 | €7,146 | €3,299 | ▼ 53.8% |
| Current assets29/58 | €19,643 | €60,034 | €82,334 | €96,740 | €107,055 | ▲ 10.7% |
| Amounts receivable within one year40/41 | - | - | €355 | €2,097 | €3,881 | ▲ 85.1% |
| Trade receivables40 | - | - | - | - | €2,139 | - |
| Other amounts receivable41 | - | - | €355 | €2,097 | €1,742 | ▼ 16.9% |
| Cash at bank and in hand54/58 | €19,584 | €58,284 | €81,719 | €92,851 | €102,705 | ▲ 10.6% |
| Deferred charges and accrued income490/1 | €59 | €1,749 | €259 | €1,792 | €468 | ▼ 73.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,330 | €74,874 | €93,327 | €104,943 | €110,891 | ▲ 5.7% |
| Equity10/15 | €13,406 | €40,371 | €65,876 | €89,947 | €40,371 | ▼ 55.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €11,406 | €38,371 | €38,371 | €38,371 | €38,371 | = |
| Distributable reserves133 | €11,406 | €38,371 | €38,371 | €38,371 | €38,371 | = |
| Profit (loss) carried forward14 | - | - | €25,505 | €49,575 | - | - |
| Amounts payable17/49 | €24,924 | €34,502 | €27,450 | €14,997 | €70,519 | ▲ 370% |
| Amounts payable within one year42/48 | €24,924 | €34,502 | €27,450 | €14,997 | €70,519 | ▲ 370% |
| Trade debts44 | - | €3,062 | €5,353 | €414 | €1,200 | ▲ 190% |
| Suppliers440/4 | - | €3,062 | €5,353 | €414 | €1,200 | ▲ 190% |
| Taxes, remuneration and social security45 | €4,728 | €16,129 | €13,155 | €5,753 | €8,891 | ▲ 54.6% |
| Taxes450/3 | €4,728 | €16,129 | €11,402 | €5,753 | €8,891 | ▲ 54.6% |
| Remuneration and social security454/9 | - | - | €1,753 | - | - | - |
| Other amounts payable47/48 | €20,196 | €15,311 | €8,943 | €8,830 | €60,429 | ▲ 584% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,206 | €27,766 | €25,505 | €24,903 | €35,541 | ▲ 42.7% |
| + Depreciation and write-downs630 | €548 | €3,847 | €3,847 | €4,352 | €4,368 | ▲ 0.4% |
| Operating cash flow (approximation) | €12,754 | €31,613 | €29,352 | €29,256 | €39,909 | ▲ 36.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,563 | €0 | ▲ 100% |
| Change in cash | - | €38,701 | €23,435 | €11,131 | €9,855 | ▼ 11.5% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2021net €35,541 ▲42.7%
Operating result €45,593, net result €35,541, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.45
Current ratio from 3.00 to 6.45; short-term debt falls from €27,450 to €14,997.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.74
Current ratio from 0.79 to 1.74.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Chaumont-Gistoux · 1 establishment unit since 2021
Ground area
2,159 m²
Building footprint
393 m²
Volume, LiDAR
8,679 m³
2 parcels, Brussels, Wallonia · tallest building 26.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
NCLex
since 20212.320.712.033
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25018C0198/00P004 | Wallonia | 1,253 m² | - | - |
| 21446D0180/00W002 | Brussels | 906 m² | 1 · 393 m² | 26.0 m · 8 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.
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 7,013 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
Founded18-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772644887
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.