LOCAL HEROES
ActiveThe computed 12-month bankruptcy probability of LOCAL HEROES is 2.1% (moderate). The 2024 annual accounts show equity of €33k and a net result of €22k. Equity is growing by ~54.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 26048 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▼-5
Solvency57▼-33
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.64 in 2023; short-term debt: 68% and cash: 16.1% of total assets), and 68% of the assets are financed with debt.
Credit advice for your own amount and term
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 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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
32%
Return on assets
21.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
29 d early
2022
26 d early
2021
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€82k
EBIT margin
-0.6%
Net result
€22k▲ 172%
2023 · €8k
2021: €-537
2022: €3k
2023: €8k
2021 → 2024
Working capital
€30k▲ 57.6%
2023 · €19k
2021: €9k
2022: €12k
2023: €19k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€82k-
Equity€9k-€13k▲ 36.6%€21k▲ 62.9%€33k▲ 57.6%
Operating result€-511-€5k€12k▲ 143%€29k▲ 150%
Net result€-537-€3k€8k▲ 135%€22k▲ 172%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 150% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104k
Fixed assets
€3k▲ 57.6%
Current assets
€100k▲ 229%
Equity and liabilities €104k
Equity
€33k▲ 57.6%
Debt
€70k▲ 509%
The debt ratio rises from 35.5% to 68.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2023 · €12k
Cash flow
€24k▲
2023 · €9k
Solvency
32.0%▼
2023 · 64.5%
Current ratio
1.42▼
2023 · 2.64
Quick ratio
0.77▼
2023 · 2.04
Debt / equity
2.12▲
2023 · 0.55
ROE
66.7%▲
2023 · 38.6%
ROA
21.4%▼
2023 · 24.9%
Interest coverage
90.79▲
2023 · 8.35
Debt
€70k▲
2023 · €12k
Debt ≤ 1 year
€70k▲
2023 · €12k
Income taxes
€7k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€33k€104k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€924€1k▲
Furniture and vehicles24€1k€2k▲
Current assets29/58€31k€100k▲
Stocks and contracts in progress3€7k€46k▲
Stocks30/36€7k€46k▲
Amounts receivable within one year40/41€22k€37k▲
Trade receivables40€22k€36k▲
Other amounts receivable41€240€450▲
Cash at bank and in hand54/58€1k€17k▲
Deferred charges and accrued income490/1€219€500▲
Equity and liabilities
Total equity and liabilities10/49€33k€104k▲
Equity10/15€21k€33k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€11k€23k▲
Amounts payable17/49€12k€70k▲
Amounts payable within one year42/48€12k€70k▲
Trade debts44€2k€42k▲
Suppliers440/4€2k€42k▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€10k▲
Other amounts payable47/48€7k€19k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€670€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€-3k▼
Other operating charges640/8€784€9k▲
Non-recurring operating charges66A-€145
Gross operating margin9900€16k€37k▲
Operating profit (loss)9901€12k€29k▲
Financial income75/76B€3€42▲
Recurring financial income75€3€42▲
Financial charges65/66B€1k€340▼
Recurring financial charges65€1k€340▼
Profit (loss) for the period before taxes9903€10k€29k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€8k€22k▲
Profit (loss) for the period to be appropriated9905€8k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€33k▲
Profit (loss) brought forward from the previous period14P€3k€11k▲
Profit to be distributed694/7-€10k
Return on contributions (dividend)694-€10k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2021net €22k ▲172%
Operating result €29k, net result €22k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Liège · 1 establishment unit since 2020
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.
Rue Vivegnis 1974000 LiègeGround area
1.4 ha
Building footprint
4,913 m²
Volume, LiDAR
40,305 m³
2 parcels, Wallonia · tallest building 16.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NORM BREWING
since 20202.304.419.496
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817B0418/00G002 | Wallonia | 1.3 ha | 1 · 4,913 m² | 16.3 m · 3 fl. |
| 62810B1289/00S000 | Wallonia | 313 m² | - | - |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.304.419.496
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BUDS AND BARRELS
BE 0754.399.979
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LE RY DE SOMME
BE 0434.521.792
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DEPREZ-VANHOVE
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Oostkamp · Eq €33k
Of 1,508 companies in sector 47252 we hold annual accounts for 651. 410 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-06-2020
Fiscal year end31-12
Activities, NACEBEL
47252Retail sale of beverages, general range
46170Agents in the wholesale of food, beverages and tobacco
46349Wholesale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.