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LEXiT

Active
Coöperatieve vennootschap met beperkte aansprakelijkheid· 7 yrs active
KBO/BCE: BE 0716.962.236
Watch Print / PDF
Age7 yrs
Real estate2 parcels · 2.9 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of LEXiT is 1.8% (moderate). The 2022 annual accounts show equity of €13k and a net result of €-9k. Equity is shrinking by ~38% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.8% Moderate
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −Annual accounts: weaker financial profile +No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 743 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-12-2024, 518 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 30-12-2024 518 d late 2024-00626738
31-12-2021 31-07-2022 30-08-2022 30 d late 2022-20349042
31-12-2020 31-07-2021 19-11-2021 111 d late 2021-77700434
31-12-2019 31-07-2020 01-10-2020 62 d late 2020-58200361

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-9k
Working capital€6k-32.3%

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 30-12-2024 with the NBB · fiscal year 2022 · micro
€-80k€-60k€-40k€-20k€0Operating result 2019: €-25k€-25kNet result 2019: €-24k€-24kOperating result 2020: €-38k€-38kNet result 2020: €-63k€-63kOperating result 2021: €3k€3kNet result 2021: €2k€2kOperating result 2022: €-9k€-9kNet result 2022: €-9k€-9k2019202020212022
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~38%/year over 4 fiscal years, indicative, assuming unchanged policy.
€0€20k€40k€60k2023: €8k (€6k - €10k)2024: €5k (€2k - €8k)2025: €3k (€0 - €7k)2019: €55k2020: €19k2021: €22k2022: €13k2019202020212022202320242025
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€-3k
- 19-22
Net profit
€-9k
- 19-22
Cash flow
€-3k
- 19-22
Total assets
€27k
-70.9% 19-22
Equity
€13k
-41.7% 19-22
Working capital
€6k
-32.3% 19-22
Debt
€15k
-79.5% 19-22
Debt ≤ 1y
€15k
-79.5% 19-22
Current ratio
1.42
+26.0% 19-22
Quick ratio
1.42
+26.0% 19-22
Solvency
45.7%
+100.2% 19-22
Debt / equity
1.19
-64.9% 19-22
ROE
-71.6%
- 19-22
ROA
-32.7%
- 19-22
Interest coverage
-32.54
- 19-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€-3k
Net profit€-9k
Cash flow€-3k
Staff costs-
Income taxes-
Dividends-
Total assets€27k
Equity€13k
Debt€15k
of which ≤ 1y€15k
of which > 1y-
Working capital€6k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.42
Quick ratio1.42
Working capital ratio22.8%
Solvency45.7%
Debt / equity1.19
Long-term debt ratio-
Interest coverage-32.54
Gross margin-
Net margin-
ROA-32.7%
ROE-71.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€27k
Fixed assets 21/28€6k
Intangible fixed assets 21€6k
Financial fixed assets 28€285
Current assets 29/58€21k
Amounts receivable within one year 40/41€16k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€27k
Equity 10/15€13k
Contributions / capital 10/11€82k
Accumulated profits (losses) 14€-70k
Amounts payable 17/49€15k
Amounts payable within one year 42/48€15k
Trade debts payable within one year 44€10k
Income statement
Gross operating margin 9900€-3k
Operating result 9901€-9k
Financial income 75€8
Financial charges 65€89
Result before taxes 9903€-9k
Net result for the period 9904€-9k
Result to be appropriated 9905€-9k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
40 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
Former directors (2)
  • Bart Van Cauwenberghe
    Director
    State Gazette act 24105700 (12-07-2024)
    Former
    - → 04-07-2024
  • BV Hof Ter PinteLegal entity
    Director
    State Gazette act 22145609 (09-12-2022)
    Former
    - → 15-07-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary -
Legal form Coöperatieve vennootschap met beperkte aansprakelijkheid(008)
Incorporation28-12-2018
StatusActive
Postal code-

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Establishment units

1 location
LEXiT
Hoge Weg 129, 2940 StabroekGroothandel in computers, randapparatuur en software
since 20182.283.629.329
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area2.9 ha
Buildings2
Building footprint1.0 ha
Volume (LiDAR)124,004 m³
Tallest building39.4 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23015B0291/00C006 Flanders 2.3 ha 1 · 7,713 m² 39.4 m · 4 fl.
11020I0477/00E000 Flanders 5,460 m² 1 · 2,534 m² -
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

3 acts
Address history · 1
31-05-2023
Registered-office move
All acts · 3 updated 2 years ago
2024
12-07-2024 Bart Van Cauwenberghe resigns as director Director changes
  • Bart Van Cauwenberghe, Bestuurder
2023
31-05-2023 Registered office moved from Stabroek to Diegem Registered-office change
  • Hoge Weg 129 te 2940 Stabroek → Leonardo da Vincilaan 19A bus 8 te 1831 Diegem
2022
09-12-2022 BV Hof Ter Pinte resigns as director Director changes
  • BV Hof Ter Pinte, Bestuurder

Analysis

Snowflake analysis

financial profile on 5 axes
Health40Profitability0Solvency77Growth58Stability100
55 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 40
Profitability 0
Solvency 77
Growth 58
Stability 100

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Credit advice

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Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameNL LEXiT
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.