LOCKO
ActiveSummary
The computed 12-month bankruptcy probability of LOCKO is 1.7% (moderate). The annual accounts of LOCKO for fiscal year 2024 show a net loss of 64% of the equity at the start of that year. The 2024 annual accounts show equity of €6,029 and a net result of -€10,867. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 177 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-40
Solvency27▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.02 against 1.05 in 2023; short-term debt: 97.6% and cash: 2.1% of total assets), and 97.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← 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
2.4%
Return on assets
-4.3%
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 10-09-2025, 41 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
60 d late
2022
32 d late
2021
40 d late
2020
115 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 58 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€6,029▼ 64.3%
2023 · €16,897
Total assets
€250,967▲ 5.0%
2023 · €239,017
Net result
-€10,867
2023 · €9,795
Working capital
€5,972▼ 49.4%
2023 · €11,809
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, 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
Line20202021202220232024
Operating result-€11,282-€4,741€14,231▲ 200%€9,317▼ 34.5%-€4,587
Net result-€12,248below the sector's middle half-€2,450within the sector's middle half€10,700within the sector's middle half▲ 337%€9,795within the sector's middle half▼ 8.5%-€10,867within the sector's middle half
Equity-€6,048below the sector's middle half--€3,599below the sector's middle half▲ 40.5%€7,102within the sector's middle half€16,897within the sector's middle half▲ 138%€6,029within the sector's middle half▼ 64.3%
Total assets€183,085within the sector's middle half-€268,581within the sector's middle half▲ 46.7%€224,290within the sector's middle half▼ 16.5%€239,017within the sector's middle half▲ 6.6%€250,967within the sector's middle half▲ 5.0%
Debt€189,133-€272,179▲ 43.9%€217,188▼ 20.2%€222,121▲ 2.3%€244,938▲ 10.3%
Working capital-€26,228below the sector's middle half--€18,748within the sector's middle half▲ 28.5%-€3,017within the sector's middle half▲ 83.9%€11,809within the sector's middle half€5,972within the sector's middle half▼ 49.4%
Solvency-3.3%below the sector's middle half--1.3%below the sector's middle half▲ 2.0pp3.2%within the sector's middle half▲ 4.5pp7.1%within the sector's middle half▲ 3.9pp2.4%within the sector's middle half▼ 4.7pp
Current ratio0.86within the sector's middle half-0.93within the sector's middle half▲ 0.070.99within the sector's middle half▲ 0.051.05within the sector's middle half▲ 0.071.02within the sector's middle half▼ 0.03
Return on assets (ROA)-6.7%below the sector's middle half-0.9%within the sector's middle half▲ 7.6pp4.8%within the sector's middle half▲ 3.9pp4.1%within the sector's middle half▼ 0.7pp-4.3%within the sector's middle half▼ 8.4pp
above
within
below
the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, 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
The operating result turns negative in 2024: a loss of €4,587 after €9,317 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €250,967
Fixed assets
€57 ▼ 98.9%
Current assets
€250,910 ▲ 7.3%
Equity and liabilities €250,967
Equity
€6,029 ▼ 64.3%
Debt
€244,938 ▲ 10.3%
Debt's share of the balance-sheet total rises from 92.9% to 97.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€444▼
2023 · €14,347
Cash flow
-€5,837▼
2023 · €14,825
Quick ratio
0.32▼
2023 · 0.39
Debt to equity
40.62▲
2023 · 13.15
ROE
-180.2%▼
2023 · 58.0%
Interest coverage
0.07▼
2023 · 3.64
Debt ≤ 1 year
€244,938▲
2023 · €222,121
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
4.6%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,338 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% | 1.9% |
| 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% 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 849 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,955 | €5,031 | €5,031 | €5,031 | €5,031 | = |
| Other operating charges640/8 | - | €0 | €1,223 | €840 | €271 | ▼ 67.7% |
| Gross operating margin9900 | -€4,523 | €9,772 | €20,485 | €15,187 | €715 | ▼ 95.3% |
| Operating profit (loss)9901 | -€11,282 | €4,741 | €14,231 | €9,317 | -€4,587 | ▼ 149% |
| Financial income75/76B | - | €947 | €1,232 | €4,421 | €0 | ▼ 100% |
| Recurring financial income75 | €1,208 | €947 | €1,232 | €4,421 | €0 | ▼ 100% |
| Financial charges65/66B | - | €3,238 | €4,763 | €3,943 | €6,281 | ▲ 59.3% |
| Recurring financial charges65 | €2,175 | €3,238 | €4,763 | €3,943 | €6,281 | ▲ 59.3% |
| Profit (loss) for the period before taxes9903 | -€12,248 | €2,450 | €10,700 | €9,795 | -€10,867 | ▼ 211% |
| Profit (loss) for the period9904 | -€12,248 | €2,450 | €10,700 | €9,795 | -€10,867 | ▼ 211% |
| Profit (loss) for the period to be appropriated9905 | -€12,248 | €2,450 | €10,700 | €9,795 | -€10,867 | ▼ 211% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183,085 | €268,581 | €224,290 | €239,017 | €250,967 | ▲ 5.0% |
| Fixed assets21/28 | €20,180 | €15,149 | €10,118 | €5,088 | €57 | ▼ 98.9% |
| Intangible fixed assets21 | €20,180 | €15,149 | €10,118 | €5,088 | €57 | ▼ 98.9% |
| Current assets29/58 | €162,905 | €253,432 | €214,171 | €233,929 | €250,910 | ▲ 7.3% |
| Stocks and contracts in progress3 | €82,500 | €187,500 | €189,750 | €147,500 | €172,189 | ▲ 16.7% |
| Stocks30/36 | - | €187,500 | €189,750 | €147,500 | €172,189 | ▲ 16.7% |
| Amounts receivable within one year40/41 | €73,661 | €19,958 | €13,421 | €54,616 | €73,362 | ▲ 34.3% |
| Trade receivables40 | - | €16,792 | €12,546 | €50,957 | €66,130 | ▲ 29.8% |
| Other amounts receivable41 | - | €3,166 | €875 | €3,660 | €7,231 | ▲ 97.6% |
| Cash at bank and in hand54/58 | €6,744 | €45,974 | €11,000 | €31,813 | €5,359 | ▼ 83.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183,085 | €268,581 | €224,290 | €239,017 | €250,967 | ▲ 5.0% |
| Equity10/15 | -€6,048 | -€3,599 | €7,102 | €16,897 | €6,029 | ▼ 64.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | €902 | €902 | €902 | = |
| Distributable reserves133 | - | - | €902 | €902 | €902 | = |
| Profit (loss) carried forward14 | -€12,248 | -€9,799 | €0 | €9,795 | -€1,072 | ▼ 111% |
| Amounts payable17/49 | €189,133 | €272,179 | €217,188 | €222,121 | €244,938 | ▲ 10.3% |
| Amounts payable within one year42/48 | €189,133 | €272,179 | €217,188 | €222,121 | €244,938 | ▲ 10.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €75,000 | - |
| Financial debts43 | - | €75,000 | €75,000 | €75,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €75,000 | €75,000 | €75,000 | €0 | ▼ 100% |
| Trade debts44 | €66,624 | €61,420 | €195 | €5,404 | €20,554 | ▲ 280% |
| Suppliers440/4 | - | €61,420 | €195 | €5,404 | €20,554 | ▲ 280% |
| Taxes, remuneration and social security45 | - | €2,869 | €12,215 | €12,408 | €10,284 | ▼ 17.1% |
| Taxes450/3 | - | €2,869 | €12,215 | €12,408 | €10,284 | ▼ 17.1% |
| Other amounts payable47/48 | - | €132,891 | €129,778 | €129,309 | €139,100 | ▲ 7.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,248 | €2,450 | €10,700 | €9,795 | -€10,867 | ▼ 211% |
| + Depreciation and write-downs630 | €5,955 | €5,031 | €5,031 | €5,031 | €5,031 | = |
| Operating cash flow (approximation) | -€6,294 | €7,480 | €15,731 | €14,825 | -€5,837 | ▼ 139% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €39,230 | -€34,974 | €20,813 | -€26,453 | ▼ 227% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2020net €10,700 ▲337%
Operating result €14,231, net result €10,700, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
31-12
Financial
Back to profitnet €2,450
Net result €2,450 after one loss-making year.
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2019
Ground area
120 m²
Building footprint
89 m²
Volume, LiDAR
1,408 m³
Parcel 21803C0244/00Y000, Brussels · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
141
companies at this address
See who is registered here
1 establishment unit
LOCKO
since 20192.289.030.744
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0244/00Y000 ProtectedSite or landscapeVrijheidsplein en omliggende gebouwen - Onze-Lieve-Vrouw-ter-Sneeuwwijk |
Brussels | 120 m² | 1 · 88 m² | 21.9 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 2,858 EUR awarded · 2,858 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,875 EUR | 1,875 EUR |
| 2022 | 2 | 983 EUR | 983 EUR |
Similar companies · same sector, comparable size
Of 63 companies in sector 20130 we hold annual accounts for 47. 1 is within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
20130Manufacture of chemicals and chemical products
Contact
E-mail
Kennypacko@gmail.comBrussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723728480
Registered
05-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.