Equity
€20,460 from €553,252 in 2022
Equity fell by 96% in 3 years.
Ref.lex
Lifetime
7 annual accounts with figures on one time axispeak €320,596 (2024)
€235,915▼ 26.4%
peak €317,867 (2024)
€168,824▼ 46.9%
peak €553,252 (2022)
€20,460▼ 96.1%
€642,591▲ 41×
Board2 names since 2019
2 directors and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025micro format
Gross margin from €320,596 to €235,915Result from €317,867 to €168,824Appointment: (director) 05-08Dividend €667,553Equity from €519,189 to €20,460Debts from €15,647 to €642,591
Key points
from the 2025 annual accountsTurnover
≈ €400,000 estimated
The micro format states no turnover.
Debts
€642,591 97% of the balance sheet
Suppliers 1%Taxes and wages 7%Other 91%
Liquidity
1.03 was 33.98 in 2024
Short-term debts rose from €15,647 to €642,591.
Filings
7 annual accounts 1 late
The 2023 accounts came 28 days late. The other six were filed on time.
Position in the sector
3.1%
Lower solvency than 88% of companies in head offices and management consultancy. Sector median 55.5% · 41,228 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 875 companies had the same profile as Ref.lex has now. Each dot stands for 3 companies, two years later.
96.6%
were still trading
1.9%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 875 companies, not a prediction for Ref.lex. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Manager, since 01-04-2019
Director, since 03-06-2025
- 50 sharesdeed of 11-04-2019
- 50 sharesdeed of 11-04-2019
Recent changes
Appointment: (director)
General meeting of 03-06-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0723851513
Amendment of the articles · Legal-form change
General meeting of 08-11-2023 · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares, €6,200 paid up · Founders: and · Appointment: (manager) · published on 11-04-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ref.lex Grimbergen | €663,051 | €235,915 | 3.1% | - |
| HCL77 Herent | €599,425 | €233,920 | 29.0% | - |
| EMERG Beersel | €667,318 | €265,564 | 6.6% | - |
| Reinout De Clercq Meise | €753,917 | €220,645 | 7.7% | - |
| MaliConsulting Tienen | €670,406 | €241,341 | 65.2% | - |
| FiSi Consulting Wemmel | €658,861 | €269,892 | 53.7% | - |
| MichaEls Management BV Herent | €580,297 | €223,794 | 53.0% | - |
These companies have the same main activity as Ref.lex: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €580,000 and €754,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 01-04-2019Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.288.200.7021851 Grimbergen, since 01-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 18-07-2025
Annual accounts 2025
- €663,051▲ 24.0%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on Ref.lex
Ref.lex files the micro format. That format states no turnover. The gross margin rose from €112,900 in 2019 to €235,915 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Ref.lex
- What is the company number of Ref.lex?
- The company number of Ref.lex is 0723.851.513. The VAT number is the same number with BE in front: BE 0723.851.513.
- Where is Ref.lex based?
- The registered office is at Cederlaan 13, 1851 Grimbergen.Company details
- What does Ref.lex do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Ref.lex?
- Ref.lex is a private limited company (BV).
- When was Ref.lex founded?
- Ref.lex was founded on 01-04-2019.
- Is Ref.lex still active?
- Yes, Ref.lex is an active enterprise in the KBO register.
- What is the turnover of Ref.lex?
- The turnover in financial year 2025 is ≈ €400,000. This figure is estimated from the gross margin of €235,915 and 109 comparable companies (NACE 70200). It probably lies between €340,000 and €480,000.Financials
- Is Ref.lex profitable?
- In financial year 2025, Ref.lex made a profit of €168,824.
- Where can I find the annual accounts of Ref.lex?
- Ref.lex filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Ref.lex due?
- Ref.lex must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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