Locàle

Active

Private limited companyfounded 20223 yrs activeEzelstraat 21, 8000 Brugge, BelgiumKBO/BCE: BE 0791.590.076

The computed 12-month bankruptcy probability of Locàle is 4.5% (elevated). The 2024 annual accounts show equity of €69k and a net result of €16k. Its solvency ranks better than 62% of 18939 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

54 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability81▼-19

Solvency68▲+11

Growth52

Track record94

Bankruptcy probability, 12 months

4.5% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days only on tighter terms

Liquidity tight (current ratio 1.14 against 1.31 in 2023; short-term debt: 28.8% and cash: 0.4% of total assets), and 57% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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

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

43%

Return on assets

9.8%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

92 d late

2023

251 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€69k▲ 29.4%

2023 · €53k

2023: €53k

2023 → 2024

Total assets

€160k▼ 4.3%

2023 · €168k

2023: €168k

2023 → 2024

Net result

€16k▼ 66.9%

2023 · €47k

2023: €47k

2023 → 2024

Working capital

€6k▼ 51.0%

2023 · €13k

2023: €13k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€53k-€69k▲ 29.4%

Operating result€61k-€23k▼ 61.7%

Net result€47k-€16k▼ 66.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 62% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €160k

67.3%

32.7%

Fixed assets €108k▼ 4.7%

Current assets €53k▼ 3.5%

Equity and liabilities €160k

43.0%

57.0%

Equity €69k▲ 29.4%

Debt €91k▼ 20.0%

The debt ratio falls from 68.2% to 57.0%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€43k▼

2023 · €74k

Cash flow

€35k▼

2023 · €60k

Solvency

43.0%▲

2023 · 31.8%

Current ratio

1.14▼

2023 · 1.31

Quick ratio

0.86▼

2023 · 1.31

Debt / equity

1.32▼

2023 · 2.14

ROE

22.7%▼

2023 · 88.8%

ROA

9.8%▼

2023 · 28.3%

Interest coverage

14.68▼

2023 · 103.68

Debt

€91k▼

2023 · €114k

Debt ≤ 1 year

€46k▲

2023 · €42k

Debt > 1 year

€45k▼

2023 · €58k

Income taxes

€5k▼

2023 · €13k

Staff costs

€140k▼

2023 · €180k

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€168k€160k▼

Fixed assets21/28€113k€108k▼

Intangible fixed assets21€46k€41k▼

Tangible fixed assets22/27€67k€67k▼

Land and buildings22€33k€39k▲

Plant, machinery and equipment23€22k€19k▼

Furniture and vehicles24€12k€9k▼

Current assets29/58€54k€53k▼

Stocks and contracts in progress3-€13k

Stocks30/36-€13k

Amounts receivable within one year40/41€33k€39k▲

Trade receivables40€13k€26k▲

Other amounts receivable41€19k€14k▼

Cash at bank and in hand54/58€21k€635▼

Deferred charges and accrued income490/1€527-

Equity and liabilities

Total equity and liabilities10/49€168k€160k▼

Equity10/15€53k€69k▲

Contributions10/11€6k€6k=

Reserves13€47k€63k▲

Distributable reserves133€47k€63k▲

Amounts payable17/49€114k€91k▼

Amounts payable after more than one year17€58k€45k▼

Financial debts170/4€58k€45k▼

Amounts payable within one year42/48€42k€46k▲

Current portion of amounts payable after more than one year42€11k€17k▲

Trade debts44€10k€7k▼

Suppliers440/4€10k€7k▼

Taxes, remuneration and social security45€20k€22k▲

Taxes450/3€20k€22k▲

Accrued charges and deferred income492/3€15k-

Income statement Code20232024

Remuneration, social security and pensions62€180k€140k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€19k▲

Other operating charges640/8€4k€2k▼

Gross operating margin9900€258k€185k▼

Operating profit (loss)9901€61k€23k▼

Financial income75/76B-€2

Recurring financial income75-€2

Financial charges65/66B€712€3k▲

Recurring financial charges65€712€3k▲

Profit (loss) for the period before taxes9903€60k€21k▼

Income taxes67/77€13k€5k▼

Profit (loss) for the period9904€47k€16k▼

Profit (loss) for the period to be appropriated9905€47k€16k▼

Appropriation of the result

Profit (loss) to be appropriated9906€47k€16k▼

Transfer to equity691/2€47k€16k▼

To other reserves6921€47k€16k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

31-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 92 days late

08-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 251 days late

NBB filing

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, Brugge · 1 establishment unit since 2022

establishment approximate The establishment unit on the map

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.

Ezelstraat 218000 Brugge

Ground area

280 m²

Building footprint

342 m²

Volume, LiDAR

2,098 m³

2 parcels, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Ezelstraat 19-21, 8000 Brugge

Full-service restaurants

since 20222.338.247.257

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31805E1000/00D000indicative	Flanders	157 m²	1 · 283 m²	11.0 m · 2 fl.
31804D0185/00B000	Flanders	123 m²	1 · 59 m²	9.4 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

1 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid

Year	Entries	awarded	paid
2025	1	2,000 EUR	2,000 EUR

Schemes

Premie kwalificerend werkplekleren

1 entry · 2,000 EUR · 2,000 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site

Brugge2.338.247.257

1 permission

Toelating · Eetgelegenheid · since 27-11-2023

Dual-learning approval

1 live approval

Restaurant en keuken duaal (so)

Goedgekeurd · 2024 to 2029

Similar companies · same sector, comparable size

Of 20,494 companies in sector 56111 we hold annual accounts for 11,455. 9,839 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-09-2022

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

56210Event catering

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.