Equity
€22.9m ▲ 0.5%
Locks has made a profit without a break since 2019.
Locks
Lifetime
19 annual accounts with figures on one time axis, 41 filings since 1984peak €107.7m (2024)
€91.3m▼ 15.2%
lowest -€2.2m (2018)
€114,006▼ 98.4%
peak €23.5m (2023)
€22.9m▲ 0.5%
€47.1m▼ 2.8%
peak 39 FTE (2020)
7.7 FTE▲ 492%
Board7 names since 2018
2 directorsJos CLAEYS and 1 other
Owners4 names in the annual accounts
100%BELGIAN PORK GROUP and 1 other
Documentsfilings and deeds
21-08-202621 days late
2025financial year
Turnover from €107.7m to €91.3mResult from €7.2m to €114,006Staff from 1.3 FTE to 7.7 FTECash from €2.2m to €293,378
Key points
from the 2025 annual accountsStaff
7.7 FTE from 39 in 2020
Between 2020 and 2025, 80% of the full-time equivalents disappeared.
Payment terms
191 days to suppliers
Locks pays its suppliers 26 days later than in 2024. Customers pay 6 days earlier.
2025 accounts filed 21 days after the deadlineNet result -98%: one-off income
Checked score
83
Excellent
Financially stronger than 34% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.4 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.3 percentage points vs 07-2026
09-2026: 0.3%▼ -0.1 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.10, cash €293,378, halved
Profit of €114,006 (financial year 2025)
lowers risk
Founded in 1984
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 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). It does better than 41% of them on solvency, 16% on liquidity, 42% on profitability and 35% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as Locks has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Locks itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for Locks. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,850,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.1 (1.09 in 2024), below the usual 1.5. Short-term debt is 64.7% and cash 0.4% of total assets. 68.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 days late
2024
12 days late
2023
27 days late
2022
24 days late
2021
17 days late
2020
26 days late
2019
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BELGIAN PORK GROUP 100%score 93equity €100.0m (2025) · 2025 annual accounts of BELGIAN PORK GROUP
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0425744876
2 directors reappointed, 1 statutory auditor reappointed
Jos CLAEYS (managing director and chair of the board), PROSELECT and CALLENS VANDELANOTTE (statutory auditor) · Permanent representatives: Danny DEMAN and Jan DEGRYSE · General meeting of 17-06-2024 · Gazette deed
Purpose change · Amendment of the articles
Gazette deed
Resignation: LOVENFOSSE HOLDING CONSEILS (managing director)
General meeting of 14-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Locks Ghent | €91.3m | -0.6% | 31.4% | 7.7 |
| INTERVLEES Brasschaat | €127.6m | 6.9% | 32.4% | 4.5 |
| Van Aerde Wijnegem | €104.1m | 1.8% | 22.9% | 16.1 |
| COCK'S VLEESWAREN Sint-Niklaas | €87.2m | 0.4% | 18.4% | 19.3 |
| DIERICKX Zele | €48.9m | 3.4% | 78.7% | 11.8 |
| Jos Leemput Tienen | €70.5m | 3.8% | 52.8% | 13.7 |
| LORNOY Geel | €163.1m | 1.1% | 17.7% | 20.8 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Locks: wholesale of meat and meat products, excluding game and poultry (NACE 46321). They are comparable in size and age: total assets between €15m and €51m, founded between 1968 and 1991.
Official details
Source: KBO- Status
- Active since 29-02-1984Normal situation
- Activity
- Wholesale of meat and meat products, excluding game and poultryNACE 46321
- Joint committees
- 119Food trade
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.037.122.2399042 Ghent, since 15-05-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Annual accounts 2025
- €72.8m▼ 2.0%
- Employeeson 31-12-2025
- 10▲ 150%
- Filing
- Filed on 21-08-2026
Companies linked to Locks
Parent and group
Insights on Locks
Locks has existed since 1984. In 2020 turnover rose from €21.9m to €76.6m and staff from 28.3 to 39 full-time equivalents.
BELGIAN PORK GROUP holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Locks
- What is the company number of Locks?
- The company number of Locks is 0425.744.876. The VAT number is the same number with BE in front: BE 0425.744.876.
- Where is Locks based?
- The registered office is at Skaldenstraat 112, 9042 Ghent.Company details
- What does Locks do?
- According to the KBO register, the main activity is wholesale of meat and meat products, excluding game and poultry (NACE 46321).
- What is the legal form of Locks?
- Locks is a public limited company (NV).
- When was Locks founded?
- Locks was founded on 29-02-1984.
- Is Locks still active?
- Yes, Locks is an active enterprise in the KBO register.
- How many employees does Locks have?
- Locks had an average of 7.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Locks fall under?
- In its 2025 annual accounts, Locks states joint committees 119 (Food trade) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Locks?
- The turnover of Locks was €91.3m in financial year 2025, according to the filed annual accounts.
- Is Locks profitable?
- In financial year 2025, Locks made a profit of €114,006.
- Where can I find the annual accounts of Locks?
- Locks filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Locks due?
- Locks must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.WESTVLEES GROUP · 14 companies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.