T-Lex
ActiveSummary
T-Lex has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €541,975 and a net result of €411,465. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+6
Solvency77▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 2.39 in 2024; short-term debt: 45.7% and cash: 45.5% of total assets), and 47.8% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
52.2%
Return on assets
39.7%
Age of the figures
9 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 01-06-2026, 60 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
60 d early
2024
59 d early
2023
33 d early
2022
33 d early
2021
68 d early
2020
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 days before 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. Usually files around 2 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€541,975=
2024 · €541,975
Total assets
€1.0m▲ 9.8%
2024 · €944,815
Net result
€411,465▲ 113%
2024 · €192,964
Working capital
€555,524▲ 2.0%
2024 · €544,382
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€225,950▲ 7.3%€350,058▲ 54.9%€247,234▼ 29.4%€245,110▼ 0.9%€547,765▲ 123%
Net result€157,123above the sector's middle half▲ 11.2%€241,544above the sector's middle half▲ 53.7%€197,233above the sector's middle half▼ 18.3%€192,964above the sector's middle half▼ 2.2%€411,465above the sector's middle half▲ 113%
Equity€300,431above the sector's middle half▲ 110%€541,975above the sector's middle half▲ 80.4%€541,975above the sector's middle half=€541,975above the sector's middle half=€541,975above the sector's middle half=
Total assets€457,150within the sector's middle half▲ 94.4%€744,037above the sector's middle half▲ 62.8%€876,020above the sector's middle half▲ 17.7%€944,815above the sector's middle half▲ 7.9%€1.0mabove the sector's middle half▲ 9.8%
Debt€156,719▲ 70.7%€202,062▲ 28.9%€334,045▲ 65.3%€402,840▲ 20.6%€495,307▲ 23.0%
Working capital€299,948above the sector's middle half▲ 111%€530,270above the sector's middle half▲ 76.8%€539,411above the sector's middle half▲ 1.7%€544,382above the sector's middle half▲ 0.9%€555,524above the sector's middle half▲ 2.0%
Solvency65.7%within the sector's middle half▲ 4.8pp72.8%within the sector's middle half▲ 7.1pp61.9%within the sector's middle half▼ 11.0pp57.4%within the sector's middle half▼ 4.5pp52.2%within the sector's middle half▼ 5.1pp
Current ratio2.93within the sector's middle half▲ 0.363.64within the sector's middle half▲ 0.712.63within the sector's middle half▼ 1.012.39within the sector's middle half▼ 0.242.17within the sector's middle half▼ 0.22
Return on assets (ROA)34.4%above the sector's middle half▼ 25.7pp32.5%above the sector's middle half▼ 1.9pp22.5%within the sector's middle half▼ 9.9pp20.4%within the sector's middle half▼ 2.1pp39.7%above the sector's middle half▲ 19.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 123% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€8,134 ▼ 2.0%
Current assets
€1.0m ▲ 9.9%
Equity and liabilities €1.0m
Equity
€541,975 =
Debt
€495,307 ▲ 23.0%
Debt's share of the balance-sheet total rises from 42.6% to 47.8%. Debt is higher.
Key figures and ratios
EBITDA
€549,957▲
2024 · €252,360
Cash flow
€413,657▲
2024 · €200,214
Debt to equity
0.91▲
2024 · 0.74
ROE
75.9%▲
2024 · 35.6%
Interest coverage
27.10▼
2024 · 31.29
Debt ≤ 1 year
€473,623▲
2024 · €392,132
Income taxes
€134,941▲
2024 · €62,312
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
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 497,338 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% | 1.9% |
| 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 6,781 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 | €591 | €2,635 | €7,561 | €7,250 | €2,192 | ▼ 69.8% |
| Other operating charges640/8 | €175 | €1,357 | €1,283 | €1,193 | €1,819 | ▲ 52.5% |
| Gross operating margin9900 | €226,716 | €354,050 | €256,077 | €253,553 | €551,777 | ▲ 118% |
| Operating profit (loss)9901 | €225,950 | €350,058 | €247,234 | €245,110 | €547,765 | ▲ 123% |
| Financial income75/76B | - | - | €14,340 | €18,230 | €18,936 | ▲ 3.9% |
| Recurring financial income75 | - | - | €14,340 | €18,230 | €18,936 | ▲ 3.9% |
| Financial charges65/66B | €1,069 | €890 | €589 | €8,064 | €20,295 | ▲ 152% |
| Recurring financial charges65 | €1,069 | €890 | €589 | €8,064 | €20,295 | ▲ 152% |
| Profit (loss) for the period before taxes9903 | €224,881 | €349,168 | €260,985 | €255,275 | €546,406 | ▲ 114% |
| Income taxes67/77 | €67,758 | €107,625 | €63,752 | €62,312 | €134,941 | ▲ 117% |
| Profit (loss) for the period9904 | €157,123 | €241,544 | €197,233 | €192,964 | €411,465 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €157,123 | €241,544 | €197,233 | €192,964 | €411,465 | ▲ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €457,150 | €744,037 | €876,020 | €944,815 | €1.0m | ▲ 9.8% |
| Fixed assets21/28 | €1,983 | €13,205 | €6,286 | €8,301 | €8,134 | ▼ 2.0% |
| Tangible fixed assets22/27 | €1,983 | €13,205 | €6,286 | €8,301 | €8,134 | ▼ 2.0% |
| Plant, machinery and equipment23 | €1,983 | €1,392 | €1,402 | €8,301 | €8,134 | ▼ 2.0% |
| Furniture and vehicles24 | - | €11,813 | €4,885 | €0 | - | - |
| Current assets29/58 | €455,167 | €730,832 | €869,733 | €936,514 | €1.0m | ▲ 9.9% |
| Amounts receivable within one year40/41 | €20,167 | €24,566 | €24,713 | €25,208 | €77,170 | ▲ 206% |
| Trade receivables40 | €20,167 | €24,566 | €24,705 | €25,208 | €52,146 | ▲ 107% |
| Other amounts receivable41 | - | - | €9 | €0 | €25,024 | - |
| Current investments50/53 | - | - | €700,000 | €503,999 | €478,999 | ▼ 5.0% |
| Cash at bank and in hand54/58 | €434,623 | €705,168 | €130,885 | €402,058 | €472,306 | ▲ 17.5% |
| Deferred charges and accrued income490/1 | €377 | €1,098 | €14,136 | €5,248 | €672 | ▼ 87.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €457,150 | €744,037 | €876,020 | €944,815 | €1.0m | ▲ 9.8% |
| Equity10/15 | €300,431 | €541,975 | €541,975 | €541,975 | €541,975 | = |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €298,431 | €539,975 | €539,975 | €539,975 | €539,975 | = |
| Distributable reserves133 | €298,431 | €539,975 | €539,975 | €539,975 | €539,975 | = |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €156,719 | €202,062 | €334,045 | €402,840 | €495,307 | ▲ 23.0% |
| Amounts payable within one year42/48 | €155,219 | €200,562 | €330,323 | €392,132 | €473,623 | ▲ 20.8% |
| Trade debts44 | €1,898 | €1,806 | €899 | €1,222 | €1,010 | ▼ 17.4% |
| Suppliers440/4 | €1,898 | €1,806 | €899 | €1,222 | €1,010 | ▼ 17.4% |
| Taxes, remuneration and social security45 | €146,629 | €191,304 | €124,856 | €21,464 | €70,056 | ▲ 226% |
| Taxes450/3 | €146,629 | €191,304 | €124,856 | €21,464 | €70,056 | ▲ 226% |
| Other amounts payable47/48 | €6,692 | €7,453 | €204,568 | €369,446 | €402,557 | ▲ 9.0% |
| Accrued charges and deferred income492/3 | €1,500 | €1,500 | €3,722 | €10,708 | €21,684 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €157,123 | €241,544 | €197,233 | €192,964 | €411,465 | ▲ 113% |
| + Depreciation and write-downs630 | €591 | €2,635 | €7,561 | €7,250 | €2,192 | ▼ 69.8% |
| Operating cash flow (approximation) | €157,714 | €244,178 | €204,794 | €200,214 | €413,657 | ▲ 107% |
| Investment in fixed assets (approximation) | - | -€13,857 | -€642 | -€9,265 | -€2,025 | ▲ 78.1% |
| Change in cash | - | €270,545 | -€574,283 | €271,174 | €70,248 | ▼ 74.1% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
04-02
State Gazette act
General meeting · Demerger
Accounting effect · First fiscal year
2025
31-12
Financial
Highest result since 2020net €411,465 ▲113%
Operating result €547,765, net result €411,465, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500,000Eq €541,975 ▲80.4%
3 profitable years in a row build equity to €541,975.
23-08
State Gazette act
General meeting · Director reappointment
Permanent representative
23-08
State Gazette act
General meeting · Director reappointment
Permanent representative
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €300,431 ▲110%
2 profitable years in a row build equity to €300,431.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
08-02
State Gazette act
General meeting · Name change
Statutes amendment · Capital
2019
23-09
State Gazette act
General meeting · Director resignation
Director appointment · Power of attorney
03-09
State Gazette act
Board meeting · Director appointment
Permanent representative · General meeting
03-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wichelen · 1 establishment unit since 2019
Ground area
122 m²
Building footprint
122 m²
Volume, LiDAR
486 m³
Parcel 42018C0079/00W000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
T-Lex
since 20192.291.222.944
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42018C0079/00W000 | Flanders | 122 m² | 1 · 122 m² | 7.3 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.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
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Linked via shared directors
ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Recognitions · licences · registrations
Legal Entity Identifier
8945004IQVQPSLBI4839
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 34,038 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
Founded27-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728985682
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.