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 15,455 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
- Staff
- 7 FTE
- Equity
- -€9,289
- Loss
- -€14,289
- BAKRIEV Ali Said-EminovitsjDirector
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
About 7 in 100 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 46, micro): better than 13% on solvency, 16% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 22-10-2026 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 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…
- IncorporationAppointment: BAKRIEV Ali Said-Eminovitsj (director)…
Financials · financial year 2024, micro format
2024 annual accounts filed late (68 days) Filed on 7 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00533496.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.6% 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 497,473 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% | 1.0% |
| 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 7,639 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 | 2024 |
|---|---|
| Remuneration, social security and pensions62 | €133,763 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €173 |
| Other operating charges640/8 | €1,596 |
| Gross operating margin9900 | €121,721 |
| Operating profit (loss)9901 | -€13,810 |
| Financial charges65/66B | €479 |
| Recurring financial charges65 | €479 |
| Profit (loss) for the period before taxes9903 | -€14,289 |
| Profit (loss) for the period9904 | -€14,289 |
| Profit (loss) for the period to be appropriated9905 | -€14,289 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €51,046 | |
| Fixed assets21/28 | €1,949 | |
| Intangible fixed assets21 | €764 | |
| Tangible fixed assets22/27 | €1,185 | |
| Furniture and vehicles24 | €1,185 | |
| Current assets29/58 | €49,097 | |
| Amounts receivable within one year40/41 | €42,252 | |
| Trade receivables40 | €41,880 | |
| Other amounts receivable41 | €372 | |
| Cash at bank and in hand54/58 | €6,845 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €51,046 | |
| Equity10/15 | -€9,289 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | -€14,289 | |
| Amounts payable17/49 | €60,336 | |
| Amounts payable within one year42/48 | €60,336 | |
| Trade debts44 | €29,363 | |
| Suppliers440/4 | €29,363 | |
| Taxes, remuneration and social security45 | €21,387 | |
| Taxes450/3 | €9,173 | |
| Remuneration and social security454/9 | €12,214 | |
| Other amounts payable47/48 | €9,586 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€14,289 |
| + Depreciation and write-downs630 | €173 |
| Operating cash flow (approximation) | -€14,116 |
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 (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 07-10-2025 | 2025-00533496 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BAKRIEV Ali Said-Eminovitsj |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
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
30-01
Gazette deed
IncorporationAppointment: BAKRIEV Ali Said-Eminovitsj (director) · Founder · Registered office clause5 facts ▸
- Founder, BAKRIEV Ali Said-Eminovitsj
- Registered office clause, “Antwerpen, 2300 Turnhout, Patersstraat 100” (deed in Dutch)
- Other provision, “oprichtingskosten”, 1700 (deed in Dutch)
- Director appointment, BAKRIEV Ali Said-Eminovitsj (director)
- Founding capital, €5,000
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 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 |
|---|---|---|---|---|
| 13454R0631/00A000 | Flanders | 4,597 m² | 1 · 1,227 m² | 32.4 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Houthandel (detailhandel/kleinhandel); Houtbewerking, waaronder het zagen, schaven, profileren en behandelen van hout; Vervaardiging van…” (deed in Dutch)
8 activities (deed in Dutch)
- Houthandel (detailhandel/kleinhandel)
- Houtbewerking, waaronder het zagen, schaven, profileren en behandelen van hout
- Vervaardiging van houten goederen, inclusief de productie van houten producten en artikelen
- Dispatching, met inbegrip van het organiseren en coördineren van logistieke processen
- Transport voor derden, waarbij het bedrijf zich engageert voor het uitvoeren van transportdiensten voor andere ondernemingen
- Diverse zakelijke consulting, met expertise op verschillende zakelijke gebieden om advies te verlenen aan cliënten
- Vertaling, met het leveren van vertaaldiensten voor verschillende talen
- Diverse bouwwerken: optrekken van de ruwbouw van individuele huizen; montage en sloopwerkzaamheden; loodgieterswerk; isolatiewerkzaamheden; stukadoorswerk; schrijnwerk; vloerafwerking en behangen; dakwerkzaamheden, inclusief het plaatsen van dakbedekking en dakgoten; waterdichtingswerken van muren; gevelreiniging; uitvoeren van metsel- en voegwerken; chapewerken
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LOCAL SOLUTION
- 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.
- “Artikel 17: Externe vertegenwoordigingsmacht 17.1 Elke bestuurder kan de vennootschap alleen handelend geldig in en buiten rechte…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Elke bestuurder is zelfstandig handelend bevoegd., 1” (deed in Dutch)“Het mandaat van een bestuurder die voor een bepaalde termijn is benoemd, loopt van de datum van inwerkingtreding van de benoeming tot de…” (deed in Dutch)“Afschriften en uittreksels worden ondertekend door één (1) bestuurder., Elke bestuurder kan alle handelingen verrichten die nodig of…” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Het bestuursorgaan kan een overdracht erkennen en in het register inschrijven, als uit stukken het bewijs van de toestemming van de…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Indien verscheidene personen zakelijke rechten hebben op eenzelfde aandeel, kan de vennootschap de uitoefening van het stemrecht schorsen…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming vereffenaars, aanstelling natuurlijke persoon door algemene vergadering van ontbonden vennootschap goedkeuren” (deed in Dutch)