LEXXUS
ActiveSummary
LEXXUS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.70M and a net result of €130k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 9624 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability43▲+7
Solvency52▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.12 in 2023; short-term debt: 54% and cash: 8.8% of total assets), and 73.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26.8%
Return on assets
1.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-04-2025, 99 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
99 d early
2023
103 d early
2022
101 d early
2021
101 d early
2020
92 d early
2019
77 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€2.70M▲ 5.1%
2023 · €2.57M
2018: €2.04Mlowest in 7 years
2019: €2.14M▲ +5.1% vs 2018
2020: €2.42M▲ +13.2% vs 2019
2021: €2.48M▲ +2.2% vs 2020
2022: €2.51M▲ +1.4% vs 2021
2023: €2.57M▲ +2.1% vs 2022
2024: €2.70M▲ +5.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€10.08M▼ 45.0%
2023 · €18.31M
2018: €6.94M
2019: €6.29M▼ -9.4% vs 2018lowest in 7 years
2020: €8.87M▲ +41.0% vs 2019
2021: €11.64M▲ +31.2% vs 2020
2022: €15.56M▲ +33.7% vs 2021
2023: €18.31M▲ +17.7% vs 2022highest in 7 years
2024: €10.08M▼ -45.0% vs 2023
2018 → 2024
Net result
€130k▲ 142%
2023 · €54k
2018: €112k
2019: €103k▼ -7.8% vs 2018
2020: €283k▲ +173% vs 2019highest in 7 years
2021: €52k▼ -81.5% vs 2020
2022: €35k▼ -32.5% vs 2021lowest in 7 years
2023: €54k▲ +52.4% vs 2022
2024: €130k▲ +142% vs 2023
2018 → 2024
Working capital
€1.76M▲ 6.9%
2023 · €1.65M
2018: €1.01Mlowest in 7 years
2019: €1.11M▲ +10.2% vs 2018
2020: €1.65M▲ +48.7% vs 2019
2021: €1.64M▼ -0.7% vs 2020
2022: €1.60M▼ -2.6% vs 2021
2023: €1.65M▲ +3.1% vs 2022
2024: €1.76M▲ +6.9% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.42M-€2.48M▲ 2.2%€2.51M▲ 1.4%€2.57M▲ 2.1%€2.70M▲ 5.1%
2020: €2.42Mlowest in 5 years
2021: €2.48M▲ +2.2% vs 2020
2022: €2.51M▲ +1.4% vs 2021
2023: €2.57M▲ +2.1% vs 2022
2024: €2.70M▲ +5.1% vs 2023highest in 5 years
Operating result€265k-€171k▼ 35.5%€143k▼ 16.5%€359k▲ 152%€344k▼ 4.3%
2020: €265k
2021: €171k▼ -35.5% vs 2020
2022: €143k▼ -16.5% vs 2021lowest in 5 years
2023: €359k▲ +152% vs 2022highest in 5 years
2024: €344k▼ -4.3% vs 2023
Net result€283k-€52k▼ 81.5%€35k▼ 32.5%€54k▲ 52.4%€130k▲ 142%
2020: €283khighest in 5 years
2021: €52k▼ -81.5% vs 2020
2022: €35k▼ -32.5% vs 2021lowest in 5 years
2023: €54k▲ +52.4% vs 2022
2024: €130k▲ +142% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.08M
Fixed assets
€2.88M ▼ 6.3%
Current assets
€7.20M ▼ 52.8%
Equity and liabilities €10.08M
Equity
€2.70M ▲ 5.1%
Debt
€7.38M ▼ 53.1%
Debt's share of the balance-sheet total falls from 86.0% to 73.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€538k▼
2023 · €556k
Cash flow
€324k▲
2023 · €251k
Current ratio
1.32▲
2023 · 1.12
Quick ratio
0.22▲
2023 · 0.20
Debt to equity
2.74▼
2023 · 6.14
ROE
4.8%▲
2023 · 2.1%
ROA
1.3%▲
2023 · 0.3%
Interest coverage
2.70▲
2023 · 1.97
Debt ≤ 1 year
€5.44M▼
2023 · €13.59M
Debt > 1 year
€1.94M▼
2023 · €2.15M
Income taxes
€55k▲
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€18.31M€10.08M▼
Fixed assets21/28€3.07M€2.88M▼
Tangible fixed assets22/27€3.07M€2.88M▼
Land and buildings22€2.91M€2.75M▼
Furniture and vehicles24€157k€123k▼
Financial fixed assets28€87€87=
Current assets29/58€15.24M€7.20M▼
Stocks and contracts in progress3€12.57M€5.99M▼
Stocks30/36€12.57M€5.99M▼
Amounts receivable within one year40/41€491k€308k▼
Trade receivables40€451k€8k▼
Other amounts receivable41€40k€301k▲
Cash at bank and in hand54/58€2.15M€890k▼
Deferred charges and accrued income490/1€33k€10k▼
Equity and liabilities
Total equity and liabilities10/49€18.31M€10.08M▼
Equity10/15€2.57M€2.70M▲
Contributions10/11€560k€560k=
Reserves13€2.01M€2.14M▲
Tax-exempt reserves132€351€351=
Distributable reserves133€2.01M€2.14M▲
Amounts payable17/49€15.74M€7.38M▼
Amounts payable after more than one year17€2.15M€1.94M▼
Financial debts170/4€2.15M€1.94M▼
Amounts payable within one year42/48€13.59M€5.44M▼
Current portion of amounts payable after more than one year42€227k€244k▲
Financial debts43€1.95M€2.00M▲
Credit institutions430/8€1.95M€2.00M▲
Trade debts44€1.84M€11k▼
Suppliers440/4€1.84M€11k▼
Advances received on contracts in progress46€7.16M€803k▼
Taxes, remuneration and social security45€157k€160k▲
Taxes450/3€157k€160k▲
Other amounts payable47/48€2.25M€2.22M▼
Income statement
Code20232024
Non-recurring operating income76A€588k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€197k€195k▼
Other operating charges640/8€12k€12k▼
Gross operating margin9900€568k€551k▼
Operating profit (loss)9901€359k€344k▼
Financial income75/76B€1k€41k▲
Recurring financial income75€1k€41k▲
Financial charges65/66B€282k€199k▼
Recurring financial charges65€282k€199k▼
Profit (loss) for the period before taxes9903€78k€185k▲
Income taxes67/77€25k€55k▲
Profit (loss) for the period9904€54k€130k▲
Profit (loss) for the period to be appropriated9905€54k€130k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€130k▲
Transfer to equity691/2€54k€130k▲
To other reserves6921€54k€130k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €588k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €3k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €187k | €216k | €229k | €197k | €195k | ▼ 1.1% |
| Other operating charges640/8 | - | €11k | €13k | €12k | €12k | ▼ 0.6% |
| Gross operating margin9900 | €464k | €401k | €384k | €568k | €551k | ▼ 3.1% |
| Operating profit (loss)9901 | €265k | €171k | €143k | €359k | €344k | ▼ 4.3% |
| Financial income75/76B | - | €14k | €12k | €1k | €41k | ▲ 3,064% |
| Recurring financial income75 | €171k | €14k | €12k | €1k | €41k | ▲ 3,064% |
| Financial charges65/66B | - | €90k | €87k | €282k | €199k | ▼ 29.3% |
| Recurring financial charges65 | €78k | €90k | €87k | €282k | €199k | ▼ 29.3% |
| Profit (loss) for the period before taxes9903 | €358k | €95k | €68k | €78k | €185k | ▲ 136% |
| Income taxes67/77 | €75k | €43k | €33k | €25k | €55k | ▲ 125% |
| Profit (loss) for the period9904 | €283k | €52k | €35k | €54k | €130k | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | €283k | €52k | €35k | €54k | €130k | ▲ 142% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.87M | €11.64M | €15.56M | €18.31M | €10.08M | ▼ 45.0% |
| Fixed assets21/28 | €3.46M | €3.40M | €3.27M | €3.07M | €2.88M | ▼ 6.3% |
| Tangible fixed assets22/27 | €3.46M | €3.40M | €3.27M | €3.07M | €2.88M | ▼ 6.3% |
| Land and buildings22 | - | €3.19M | €3.07M | €2.91M | €2.75M | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €1k | €0 | - | - | - |
| Furniture and vehicles24 | - | €212k | €209k | €157k | €123k | ▼ 21.7% |
| Financial fixed assets28 | €87 | €87 | €87 | €87 | €87 | = |
| Current assets29/58 | €5.41M | €8.24M | €12.28M | €15.24M | €7.20M | ▼ 52.8% |
| Stocks and contracts in progress3 | €4.46M | €5.77M | €8.05M | €12.57M | €5.99M | ▼ 52.3% |
| Stocks30/36 | - | €5.77M | €8.05M | €12.57M | €5.99M | ▼ 52.3% |
| Amounts receivable within one year40/41 | €324k | €777k | €3.74M | €491k | €308k | ▼ 37.3% |
| Trade receivables40 | - | €1k | €3.54M | €451k | €8k | ▼ 98.3% |
| Other amounts receivable41 | - | €776k | €196k | €40k | €301k | ▲ 655% |
| Cash at bank and in hand54/58 | €564k | €1.64M | €469k | €2.15M | €890k | ▼ 58.5% |
| Deferred charges and accrued income490/1 | - | €51k | €26k | €33k | €10k | ▼ 68.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.87M | €11.64M | €15.56M | €18.31M | €10.08M | ▼ 45.0% |
| Equity10/15 | €2.42M | €2.48M | €2.51M | €2.57M | €2.70M | ▲ 5.1% |
| Contributions10/11 | - | €560k | €560k | €560k | €560k | = |
| Reserves13 | €1.86M | €1.92M | €1.95M | €2.01M | €2.14M | ▲ 6.5% |
| Tax-exempt reserves132 | - | €351 | €351 | €351 | €351 | = |
| Distributable reserves133 | - | €1.92M | €1.95M | €2.01M | €2.14M | ▲ 6.5% |
| Amounts payable17/49 | €6.45M | €9.16M | €13.05M | €15.74M | €7.38M | ▼ 53.1% |
| Amounts payable after more than one year17 | €2.69M | €2.56M | €2.36M | €2.15M | €1.94M | ▼ 9.8% |
| Financial debts170/4 | - | €2.56M | €2.36M | €2.15M | €1.94M | ▼ 9.8% |
| Amounts payable within one year42/48 | €3.76M | €6.59M | €10.68M | €13.59M | €5.44M | ▼ 60.0% |
| Current portion of amounts payable after more than one year42 | - | €123k | €211k | €227k | €244k | ▲ 7.6% |
| Financial debts43 | - | €1.95M | €4.65M | €1.95M | €2.00M | ▲ 2.6% |
| Credit institutions430/8 | - | €1.95M | €4.65M | €1.95M | €2.00M | ▲ 2.6% |
| Trade debts44 | €515k | €1.09M | €1.02M | €1.84M | €11k | ▼ 99.4% |
| Suppliers440/4 | - | €1.09M | €1.02M | €1.84M | €11k | ▼ 99.4% |
| Advances received on contracts in progress46 | - | €2.75M | €3.74M | €7.16M | €803k | ▼ 88.8% |
| Taxes, remuneration and social security45 | - | €181k | €212k | €157k | €160k | ▲ 1.7% |
| Taxes450/3 | - | €181k | €212k | €157k | €160k | ▲ 1.7% |
| Other amounts payable47/48 | - | €500k | €858k | €2.25M | €2.22M | ▼ 1.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €283k | €52k | €35k | €54k | €130k | ▲ 142% |
| + Depreciation and write-downs630 | €187k | €216k | €229k | €197k | €195k | ▼ 1.1% |
| Operating cash flow (approximation) | €469k | €269k | €264k | €251k | €324k | ▲ 29.5% |
| Investment in fixed assets (approximation) | - | €-156k | €-102k | €6k | €0 | ▼ 100% |
| Change in cash | - | €1.07M | €-1.17M | €1.68M | €-1.26M | ▼ 175% |
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
2026
16-02
State Gazette act
RestructuringMerger · Accounting effect · Dissolution8 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Dissolution8 facts ▸
- General meeting, 28-01-2026
- Merger, 28-01-2026
- Accounting effect, 01-01-2026
- Dissolution, 28-01-2026
- Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden: 1/ Het verlenen van bijstand, advies…
- Power of attorney, Johan VANOVENBERGHE
- Merger proposal, 09-12-2025, 02-12-2025
- Sole shareholder, no shares issued (geruisloze fusie, art. 12:57)
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €35k ▼32.5%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €283k ▲173%
Net result €283k, the highest in the series.
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2011
Ground area
259 m²
Building footprint
241 m²
Volume, LiDAR
3,238 m³
Parcel 44062C0088/00E000, Flanders · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
LEXXUS
since 20112.200.192.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062C0088/00E000 | Flanders | 259 m² | 1 · 241 m² | 16.8 m · 5 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
Acquisitions and mergers
1 transactionTook over:HESTIA INVEST
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Of 1,288 companies in sector 47690 we hold annual accounts for 425. 112 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
Founded04-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
Scores and ratios are computed by Checked and are not a credit decision.