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LOCAGI

Active
Private limited companyfounded 20223 yrs activeChemin du Fawetay 27, 4900 Spa, BelgiumKBO/BCE: BE 0795.360.507
Summary

The computed 12-month bankruptcy probability of LOCAGI is 3.0% (moderate). The 2024 annual accounts show equity of €85,970 and a net result of €8,815. Equity is growing by ~44.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 5899 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability70▼-18
Solvency39▼-6
Growth78=
Track record94
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.5 against 0.67 in 2023; short-term debt: 80.5% and cash: 0% of total assets), and 86.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
13.6%
Return on assets
1.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 5899 sector peers (2024).
NBB · sector comparison
Position among 5899 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 December 2022, LOCAGI was incorporated as a Private limited company.1 Total assets went from EUR 71,145 in 2022 to EUR 629,934 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
€85,970▲ 11.4%
2023 · €77,155
Total assets
€629,934▲ 60.5%
2023 · €392,408
Net result
€8,815▼ 85.2%
2023 · €59,468
Working capital
-€253,363▼ 192%
2023 · -€86,802
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line202220232024
Operating result-€2,313-€76,866€13,986▼ 81.8%
Net result-€2,313below the sector's middle half-€59,468above the sector's middle half€8,815within the sector's middle half▼ 85.2%
Equity€17,687within the sector's middle half-€77,155within the sector's middle half▲ 336%€85,970within the sector's middle half▲ 11.4%
Total assets€71,145within the sector's middle half-€392,408above the sector's middle half▲ 452%€629,934above the sector's middle half▲ 60.5%
Debt€53,458-€315,253▲ 490%€543,964▲ 72.5%
Working capital-€32,258below the sector's middle half--€86,802below the sector's middle half▼ 169%-€253,363below the sector's middle half▼ 192%
Solvency24.9%within the sector's middle half-19.7%within the sector's middle half▼ 5.2pp13.6%below the sector's middle half▼ 6.0pp
Current ratio0.40below the sector's middle half-0.67below the sector's middle half▲ 0.280.50below the sector's middle half▼ 0.17
Return on assets (ROA)-3.3%below the sector's middle half-15.2%within the sector's middle half▲ 18.4pp1.4%within the sector's middle half▼ 13.8pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
-€20,000€0€20,000€40,000€60,000€80,000Operating result 2022: -€2,313-€2,313Net result 2022: -€2,313-€2,313Operating result 2023: €76,866€76,866Net result 2023: €59,468€59,468Operating result 2024: €13,986€13,986Net result 2024: €8,815€8,815202220232024-€20,000€0€20,000€40,000€60,000€80,000Operating result 2022: -€2,313-€2,310Net result 2022: -€2,313-€2,310Operating result 2023: €76,866€76,900Net result 2023: €59,468€59,500Operating result 2024: €13,986€14,000Net result 2024: €8,815€8,820202220232024
The operating result falls in 2024; 2024 is 82% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €629,934
Fixed assets €376,460 ▲ 76.5%
Current assets €253,475 ▲ 41.5%
Equity and liabilities €629,934
Equity €85,970 ▲ 11.4%
Debt €543,964 ▲ 72.5%
Debt's share of the balance-sheet total rises from 80.3% to 86.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€93,849▲
2023 · €89,640
Cash flow
€88,679▲
2023 · €72,242
Debt to equity
6.33▲
2023 · 4.09
ROE
10.3%▼
2023 · 77.1%
Interest coverage
34.20▲
2023 · 33.35
Debt ≤ 1 year
€506,838▲
2023 · €265,914
Debt > 1 year
€33,053▼
2023 · €47,958
Income taxes
€2,427▼
2023 · €14,839
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 896 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
0.7% stopped otherwise
98% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 896 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€392,408€629,934▲
Fixed assets21/28€213,296€376,460▲
Tangible fixed assets22/27€212,171€375,335▲
Land and buildings22-€7,317
Plant, machinery and equipment23€207,207€281,631▲
Furniture and vehicles24€4,964€86,386▲
Financial fixed assets28€1,125€1,125=
Current assets29/58€179,112€253,475▲
Amounts receivable within one year40/41€178,887€253,460▲
Trade receivables40€155,102€230,592▲
Other amounts receivable41€23,785€22,868▼
Cash at bank and in hand54/58€225€15▼
Equity and liabilities
Total equity and liabilities10/49€392,408€629,934▲
Equity10/15€77,155€85,970▲
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14€57,155€65,970▲
Amounts payable17/49€315,253€543,964▲
Amounts payable after more than one year17€47,958€33,053▼
Financial debts170/4€47,958€33,053▼
Amounts payable within one year42/48€265,914€506,838▲
Current portion of amounts payable after more than one year42€14,463€14,905▲
Trade debts44€213,180€408,935▲
Suppliers440/4€213,180€408,935▲
Taxes, remuneration and social security45€22,727€35,654▲
Taxes450/3€22,727€35,654▲
Other amounts payable47/48€15,544€47,344▲
Accrued charges and deferred income492/3€1,381€4,073▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,774€79,863▲
Other operating charges640/8€384€451▲
Gross operating margin9900€90,024€94,301▲
Operating profit (loss)9901€76,866€13,986▼
Financial income75/76B€130-
Recurring financial income75€130-
Financial charges65/66B€2,688€2,744▲
Recurring financial charges65€2,688€2,744▲
Profit (loss) for the period before taxes9903€74,307€11,242▼
Income taxes67/77€14,839€2,427▼
Profit (loss) for the period9904€59,468€8,815▼
Profit (loss) for the period to be appropriated9905€59,468€8,815▼
Appropriation of the result
Profit (loss) to be appropriated9906€57,155€65,970▲
Profit (loss) brought forward from the previous period14P-€2,313€57,155▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55€12,774€79,863▲ 525%
Other operating charges640/8€348€384€451▲ 17.4%
Gross operating margin9900-€1,911€90,024€94,301▲ 4.8%
Operating profit (loss)9901-€2,313€76,866€13,986▼ 81.8%
Financial income75/76B-€130--
Recurring financial income75-€130--
Financial charges65/66B-€2,688€2,744▲ 2.1%
Recurring financial charges65-€2,688€2,744▲ 2.1%
Profit (loss) for the period before taxes9903-€2,313€74,307€11,242▼ 84.9%
Income taxes67/77-€14,839€2,427▼ 83.6%
Profit (loss) for the period9904-€2,313€59,468€8,815▼ 85.2%
Profit (loss) for the period to be appropriated9905-€2,313€59,468€8,815▼ 85.2%
Line202220232024Change
Assets
Total assets20/58€71,145€392,408€629,934▲ 60.5%
Fixed assets21/28€49,945€213,296€376,460▲ 76.5%
Tangible fixed assets22/27€49,945€212,171€375,335▲ 76.9%
Land and buildings22--€7,317-
Plant, machinery and equipment23€49,945€207,207€281,631▲ 35.9%
Furniture and vehicles24-€4,964€86,386▲ 1,640%
Financial fixed assets28-€1,125€1,125=
Current assets29/58€21,200€179,112€253,475▲ 41.5%
Amounts receivable within one year40/41€1,200€178,887€253,460▲ 41.7%
Trade receivables40€1,200€155,102€230,592▲ 48.7%
Other amounts receivable41-€23,785€22,868▼ 3.9%
Cash at bank and in hand54/58€20,000€225€15▼ 93.3%
Equity and liabilities
Total equity and liabilities10/49€71,145€392,408€629,934▲ 60.5%
Equity10/15€17,687€77,155€85,970▲ 11.4%
Contributions10/11€20,000€20,000€20,000=
Profit (loss) carried forward14-€2,313€57,155€65,970▲ 15.4%
Amounts payable17/49€53,458€315,253€543,964▲ 72.5%
Amounts payable after more than one year17-€47,958€33,053▼ 31.1%
Financial debts170/4-€47,958€33,053▼ 31.1%
Amounts payable within one year42/48€53,458€265,914€506,838▲ 90.6%
Current portion of amounts payable after more than one year42-€14,463€14,905▲ 3.1%
Trade debts44€53,458€213,180€408,935▲ 91.8%
Suppliers440/4€53,458€213,180€408,935▲ 91.8%
Taxes, remuneration and social security45-€22,727€35,654▲ 56.9%
Taxes450/3-€22,727€35,654▲ 56.9%
Other amounts payable47/48-€15,544€47,344▲ 205%
Accrued charges and deferred income492/3-€1,381€4,073▲ 195%
Line202220232024Change
Profit (loss) for the period9904-€2,313€59,468€8,815▼ 85.2%
+ Depreciation and write-downs630€55€12,774€79,863▲ 525%
Operating cash flow (approximation)-€2,258€72,242€88,679▲ 22.8%
Investment in fixed assets (approximation)--€176,125-€243,027▼ 38.0%
Change in cash--€19,775-€210▲ 98.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial Back to profitnet €59,468
Net result €59,468 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB 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, Spa
exact location from the address register On OpenStreetMap
Ground area
2,414 m²
Building footprint
160 m²
Volume, LiDAR
747 m³
Parcel 63072E0105/00R000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63072E0105/00R000 Wallonia 2,414 m² 1 · 160 m² 7.2 m · 2 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.

Similar companies · same sector, comparable size

Of 21,225 companies in sector 81300 we hold annual accounts for 4,369. 3,641 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
Founded23-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795360507
Also 9925:BE0795360507
Registered 29-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.