Financials
- Financial year
- 2024
- Total assets
- €51,046
- Loss
- -€14,289
- Solvency
- -18.2%
LOCAL SOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of LOCAL SOLUTION is 6.6% (elevated). The 2024 annual accounts show negative equity (-€9,289) and a net result of -€14,289. Its solvency ranks better than 16% of 15,477 sector peers (NACE 46, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Agents in the wholesale of timber and building materials
NACE 46130Wholesale of timber NACE 46832
1 site
Size
€51,046total assets 2024
- Staff
- 7 FTE
- Equity
- -€9,289
- Loss
- -€14,289
Turnover not published (micro format)
Structure
Accounts filed 68 days late0 of 1 deed read
Why 33raises riskFigures for financial year 2024 (filed 07-10-2025)1 financial year not filed after the legal deadline; latest accounts 68 days late; 1 of the last 3 lateFounded in 2024Loss of €14,289 (financial year 2024)Show the evidence
Checked score
Score 2024
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 12% of its sector peers (NACE 46, micro)
Financial strength
Weak
Solvency
7
equity -18.2% of total assets
Liquidity
17
short-term debt 118.2% · cash 13.4%
Profitability
0
return on assets -28.0%
Bankruptcy probability, 12 months
6.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2025: 1.6%lowest value
03-2025: 1.6%● unchanged vs 02-2025lowest value
04-2025: 1.7%▲ +0.1 percentage points vs 03-2025
05-2025: 2.0%▲ +0.3 percentage points vs 04-2025
06-2025: 2.1%▲ +0.1 percentage points vs 05-2025
07-2025: 2.4%▲ +0.3 percentage points vs 06-2025
08-2025: 2.4%● unchanged vs 07-2025
09-2025: 2.6%▲ +0.2 percentage points vs 08-2025
10-2025: 2.7%▲ +0.1 percentage points vs 09-2025
11-2025: 3.7%▲ +1.0 percentage point vs 10-2025
12-2025: 3.7%● unchanged vs 11-2025
01-2026: 3.7%● unchanged vs 12-2025
02-2026: 3.8%▲ +0.1 percentage points vs 01-2026
03-2026: 3.8%● unchanged vs 02-2026
04-2026: 3.8%● unchanged vs 03-2026
05-2026: 3.9%▲ +0.1 percentage points vs 04-2026
06-2026: 3.8%▼ -0.1 percentage points vs 05-2026
07-2026: 3.8%● unchanged vs 06-2026
08-2026: 4.6%▲ +0.8 percentage points vs 07-2026
09-2026: 5.0%▲ +0.4 percentage points vs 08-2026
10-2026: 6.6%▲ +1.6 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.81, below 1; short-term debt: 118.2% and cash: 13.4% of total assets), and equity is negative.
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 46, micro): better than 13% on solvency, 16% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 15-10-2026 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
Six signals.
raises riskneutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2024
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 68 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2025
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents in the wholesale of timber and building…NACE 46130
- Founded
- 26-01-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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