LOCABUILD
ActiveSummary
LOCABUILD has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,793 and a net result of -€18,828. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 26% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €19,793
- Loss
- -€18,828
- Parent
- PV Asset Development · 100%
- Xavier VerbekenManager
Why 68raises risk1 change of registered office in 24 monthslowers riskSize: total assets €497,854Sector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 18-07-2026)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 25% on solvency, 21% on liquidity, 24% on profitability and 12% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€18,828
- Resignations: Koen Decourt (director) and Maarten…Appointment: Xavier Verbeken (sole manager)…
Financials · financial year 2025, micro format
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €13,405 after €22,116 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 819 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94.7% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 819 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,337 | €22,079 | €22,663 | €22,663 | €21,807 | €21,563 | €21,563 | €22,205 | ▲ 3.0% |
| Other operating charges640/8 | - | - | - | €3,333 | €3,520 | €4,364 | €4,531 | €4,442 | ▼ 2.0% |
| Gross operating margin9900 | €29,460 | €39,246 | €39,201 | €37,955 | €38,143 | €45,283 | €48,210 | €13,241 | ▼ 72.5% |
| Operating profit (loss)9901 | €13,341 | €13,930 | €12,983 | €11,959 | €12,816 | €19,356 | €22,116 | -€13,405 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €72 | - |
| Recurring financial income75 | €1,906 | €0 | €0 | - | - | - | - | €72 | - |
| Financial charges65/66B | - | - | - | €9,915 | €9,338 | €9,133 | €7,691 | €5,495 | ▼ 28.6% |
| Recurring financial charges65 | €7,952 | €10,836 | €9,630 | €9,915 | €9,338 | €9,133 | €7,691 | €5,495 | ▼ 28.6% |
| Profit (loss) for the period before taxes9903 | €7,295 | €3,094 | €3,352 | €2,043 | €3,478 | €10,224 | €14,425 | -€18,828 | - |
| Income taxes67/77 | €2,500 | €296 | €670 | €437 | €928 | €2,728 | €3,931 | - | - |
| Profit (loss) for the period9904 | €4,795 | €2,798 | €2,683 | €1,607 | €2,550 | €7,495 | €10,494 | -€18,828 | - |
| Profit (loss) for the period to be appropriated9905 | €4,795 | €2,798 | €2,683 | €1,607 | €2,550 | €7,495 | €10,494 | -€18,828 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €629,355 | €604,617 | €580,121 | €554,864 | €529,279 | €508,667 | €490,220 | €497,854 | ▲ 1.6% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €600,351 | €586,101 | €563,438 | €540,775 | €518,969 | €497,406 | €475,844 | €488,015 | ▲ 2.6% |
| Intangible fixed assets21 | €22,918 | €20,835 | €18,752 | €16,670 | €14,587 | €12,505 | €10,422 | €8,339 | ▼ 20.0% |
| Tangible fixed assets22/27 | €577,433 | €565,266 | €544,686 | €524,106 | €504,381 | €484,901 | €465,421 | €479,676 | ▲ 3.1% |
| Land and buildings22 | - | - | - | €517,798 | €499,100 | €480,403 | €461,706 | €443,009 | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | - | €6,064 | €5,281 | €4,498 | €3,715 | €2,932 | ▼ 21.1% |
| Furniture and vehicles24 | - | - | - | €244 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €33,735 | - |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €29,004 | €18,516 | €16,683 | €14,089 | €10,311 | €11,261 | €14,376 | €9,839 | ▼ 31.6% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1,213 | - | - | - | - | €8,453 | €4,003 | €2,942 | ▼ 26.5% |
| Trade receivables40 | - | - | - | - | - | €8,453 | €4,003 | €1,920 | ▼ 52.0% |
| Other amounts receivable41 | - | - | - | - | - | - | - | €1,022 | - |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €27,791 | €18,516 | €16,683 | €14,089 | €10,311 | €2,807 | €10,373 | €6,897 | ▼ 33.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €629,355 | €604,617 | €580,121 | €554,864 | €529,279 | €508,667 | €490,220 | €497,854 | ▲ 1.6% |
| Equity10/15 | €10,995 | €13,793 | €16,475 | €18,082 | €20,632 | €28,127 | €38,621 | €19,793 | ▼ 48.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €4,795 | €7,593 | €10,275 | €11,882 | €14,432 | €21,927 | €32,421 | €13,593 | ▼ 58.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €10,022 | €12,572 | €20,067 | €30,561 | €11,733 | ▼ 61.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €618,360 | €590,824 | €563,645 | €536,782 | €508,647 | €480,540 | €451,598 | €478,061 | ▲ 5.9% |
| Amounts payable after more than one year17 | €586,394 | €560,858 | €532,314 | €503,232 | €473,551 | €443,759 | €412,474 | €236,585 | ▼ 42.6% |
| Financial debts170/4 | - | - | - | €503,232 | €473,551 | €443,759 | €412,474 | €236,585 | ▼ 42.6% |
| Amounts payable within one year42/48 | €31,965 | €29,967 | €31,332 | €33,550 | €35,097 | €36,780 | €39,124 | €241,476 | ▲ 517% |
| Current portion of amounts payable after more than one year42 | - | - | - | €31,098 | €31,727 | €32,269 | €32,871 | €33,484 | ▲ 1.9% |
| Trade debts44 | - | - | €133 | - | - | - | - | €171 | - |
| Suppliers440/4 | - | - | - | - | - | - | - | €171 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,452 | €3,370 | €4,511 | €6,253 | €4,212 | ▼ 32.6% |
| Taxes450/3 | - | - | - | €2,452 | €3,370 | €4,511 | €6,253 | €4,212 | ▼ 32.6% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €203,608 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,795 | €2,798 | €2,683 | €1,607 | €2,550 | €7,495 | €10,494 | -€18,828 | - |
| + Depreciation and write-downs630 | €13,337 | €22,079 | €22,663 | €22,663 | €21,807 | €21,563 | €21,563 | €22,205 | ▲ 3.0% |
| Operating cash flow (approximation) | €18,132 | €24,877 | €25,345 | €24,269 | €24,357 | €29,058 | €32,057 | €3,376 | ▼ 89.5% |
| Investment in fixed assets (approximation) | - | -€7,829 | €0 | €0 | €0 | €0 | €0 | -€34,376 | - |
| Change in cash | - | -€9,275 | -€1,834 | -€2,594 | -€3,778 | -€7,503 | €7,566 | -€3,476 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-07-2026 | 2026-00308734 |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00178449 |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00165778 |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00205271 |
| 31-12-2021 | micro format | 01-08-2022 | 2022-20261848 |
| 31-12-2020 | micro format | 04-07-2021 | 2021-31100348 |
| 31-12-2019 | micro format | 18-06-2020 | 2020-18300120 |
| 31-12-2018 | micro format | 03-07-2019 | 2019-28400517 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Xavier Verbeken |
|
| Koen Decourt |
|
| Maarten Michielssens |
|
Owners and capital
Owners
1 ownerChain of control
- PV Asset Development
- LOCABUILD
Highest known parent: PV Asset Development. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 12-12-2023 Capital stated in the deed · 18,600 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-08
Gazette deed
Resignations: Koen Decourt (director) and Maarten Michielssens (director)Appointment: Xavier Verbeken (sole manager) · Director discharge · Registered-office move7 facts ▸
- General meeting, 30-04-2025
- Director resignation, Koen Decourt (director)
- Director resignation, Maarten Michielssens (director)
- Director discharge, Koen Decourt
- Director discharge, Maarten Michielssens
- Director appointment, Xavier Verbeken (sole manager)
- Registered-office move, Langemunt 104, 9850 Vosselare
12-12
Gazette deed
Amendment of the articles · Legal-form changeRegistered office clause · Power of attorney · Capital conversion9 facts ▸
- Registered office clause, “Brugsevaart 121, Mariakerke” (deed in Dutch)
- Power of attorney
- Power of attorney, Filip Dewagtere
- General meeting, 23-11-2023
- Capital conversion, “eventuele toekomstige bijstortingen van in verleden geplaatst nog niet gestort kapitaal” (deed in Dutch)
- Net-asset statement, EUR, “artikel 5:142 WVV” (deed in Dutch)
- Amendment of the articles
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44070A0511/00T000 | Flanders | 535 m² | 1 · 261 m² | 9.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LOCABUILD
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering die benoemt bepaalt aantal, duur opdracht en bij meerdere bestuurders bevoegdheid” (deed in Dutch)“College dat voorzitter aanstelt en handelt zoals raadsvergadering, gezamenlijk bestuur” (deed in Dutch)“Algemene kosten los van representatie-, reis- en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten kosteloze…” (deed in Dutch)“Enige aandeelhouder of derde, alle rechten en verplichtingen van bestuurder indien geen bestuurder benoemd” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager helft koper(s) naar evenredigheid verworven aantal bij meerdere kopers, ook bij weigering…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)“Van rechtswege ontbonden, overlijden enige aandeelhouder zonder overgang op gerechtigde” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen” (deed in Dutch)