LOCRAD
ActiveSummary
LOCRAD has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118,752 and a net result of €6,034. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 95% of 13,626 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €118,752
- Profit
- €6,034
Why 97raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 48.86, cash €103,843Equity €118,752 (98.2% of total assets)Founded in 1998Show the evidence
Checked score
Fewer than 1 in 1,000 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 90% on solvency, 98% on liquidity and 38% on profitability.
The bankruptcy probability was computed on 23-10-2026 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 last 7 accounts on average 137 days before 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 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: Philippe RENOY (manager)Appointment: Philippe RENOY (director) ·…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 35% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,474 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% | 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% |
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 17,042 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €25,298 | €13,744 | €19,269 | €19,588 | €18,760 | €17,940 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €4,446 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,355 | €7,183 | €4,177 | €269 | €75 | €17 | - | - |
| Other operating charges640/8 | - | - | - | €2,168 | €2,321 | €2,045 | €2,102 | ▲ 2.8% |
| Gross operating margin9900 | €13,219 | €7,360 | €9,916 | €12,097 | €12,148 | €13,494 | €9,553 | ▼ 29.2% |
| Operating profit (loss)9901 | €3,768 | -€1,942 | €3,957 | €9,661 | €9,752 | €11,433 | €7,450 | ▼ 34.8% |
| Financial income75/76B | - | - | - | €0 | €10 | - | - | - |
| Recurring financial income75 | - | €382 | - | €0 | €10 | - | - | - |
| Financial charges65/66B | - | - | - | €52 | €70 | €46 | €58 | ▲ 25.2% |
| Recurring financial charges65 | €818 | €98 | €55 | €52 | €70 | €46 | €58 | ▲ 25.2% |
| Profit (loss) for the period before taxes9903 | €2,950 | -€1,657 | €3,902 | €9,608 | €9,692 | €11,386 | €7,392 | ▼ 35.1% |
| Income taxes67/77 | €6,886 | €877 | €600 | €2,399 | €7,447 | €3,987 | €1,359 | ▼ 65.9% |
| Profit (loss) for the period9904 | -€3,936 | -€2,534 | €3,302 | €7,209 | €2,245 | €7,400 | €6,034 | ▼ 18.5% |
| Profit (loss) for the period to be appropriated9905 | -€3,936 | -€2,534 | €3,302 | €7,209 | €2,245 | €7,400 | €6,034 | ▼ 18.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €171,001 | €169,070 | €173,001 | €178,440 | €182,807 | €189,967 | €120,940 | ▼ 36.3% |
| Fixed assets21/28 | €25,242 | €18,537 | €14,360 | €14,091 | €14,017 | €14,000 | €14,000 | = |
| Tangible fixed assets22/27 | €25,242 | €18,537 | €14,360 | €14,091 | €14,017 | €14,000 | €14,000 | = |
| Land and buildings22 | - | - | - | €14,091 | €14,017 | €14,000 | €14,000 | = |
| Current assets29/58 | €145,758 | €150,533 | €158,641 | €164,349 | €168,790 | €175,966 | €106,940 | ▼ 39.2% |
| Amounts receivable within one year40/41 | €23,324 | €4,057 | €1,004 | €4,538 | €3,020 | €4,901 | €2,818 | ▼ 42.5% |
| Trade receivables40 | - | - | - | €3,238 | €1,020 | €761 | €722 | ▼ 5.1% |
| Other amounts receivable41 | - | - | - | €1,300 | €2,000 | €4,140 | €2,096 | ▼ 49.4% |
| Cash at bank and in hand54/58 | €122,435 | €146,476 | €157,636 | €159,811 | €165,522 | €171,065 | €103,843 | ▼ 39.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €248 | - | €279 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €171,001 | €169,070 | €173,001 | €178,440 | €182,807 | €189,967 | €120,940 | ▼ 36.3% |
| Equity10/15 | €166,047 | €163,513 | €166,816 | €174,025 | €176,269 | €183,669 | €118,752 | ▼ 35.3% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | - | - |
| Capital10 | - | - | - | - | - | €18,592 | - | - |
| Issued capital100 | - | - | - | - | - | €18,592 | - | - |
| Reserves13 | €151,391 | €151,391 | €151,391 | €151,391 | €151,391 | €158,391 | €106,032 | ▼ 33.1% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | - | - |
| Distributable reserves133 | - | - | - | €149,532 | €149,532 | €156,532 | €106,032 | ▼ 32.3% |
| Profit (loss) carried forward14 | -€3,936 | -€6,469 | -€3,167 | €4,042 | €6,286 | €6,686 | €12,720 | ▲ 90.2% |
| Amounts payable17/49 | €4,954 | €5,557 | €6,185 | €4,415 | €6,537 | €6,297 | €2,189 | ▼ 65.2% |
| Amounts payable within one year42/48 | €4,954 | €4,499 | €5,127 | €4,415 | €6,537 | €6,297 | €2,189 | ▼ 65.2% |
| Trade debts44 | €2,754 | €3,642 | €3,495 | €1,340 | €3,217 | €2,497 | €589 | ▼ 76.4% |
| Suppliers440/4 | - | - | - | €1,340 | €3,217 | €2,497 | €589 | ▼ 76.4% |
| Taxes, remuneration and social security45 | - | - | - | €2,400 | €2,400 | €3,800 | €1,600 | ▼ 57.9% |
| Taxes450/3 | - | - | - | €2,400 | €2,400 | €3,800 | €1,600 | ▼ 57.9% |
| Other amounts payable47/48 | - | - | - | €675 | €921 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,936 | -€2,534 | €3,302 | €7,209 | €2,245 | €7,400 | €6,034 | ▼ 18.5% |
| + Depreciation and write-downs630 | €7,355 | €7,183 | €4,177 | €269 | €75 | €17 | - | - |
| Operating cash flow (approximation) | €3,419 | €4,649 | €7,479 | €7,478 | €2,319 | €7,416 | €6,034 | ▼ 18.6% |
| Investment in fixed assets (approximation) | - | -€478 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €24,041 | €11,160 | €2,174 | €5,712 | €5,543 | -€67,222 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 21-06-2026 | 2026-00188962 |
| 30-09-2024 | micro format | 19-11-2024 | 2024-00602277 |
| 30-09-2023 | micro format | 12-12-2023 | 2023-00527574 |
| 30-09-2022 | micro format | 30-11-2022 | 2022-20528482 |
| 30-09-2021 | micro format | 08-01-2022 | 2022-00800447 |
| 30-09-2020 | micro format | 04-11-2020 | 2020-68600065 |
| 30-09-2019 | micro format | 06-11-2019 | 2019-73200591 |
| 30-09-2018 | micro format | 05-11-2018 | 2018-71700395 |
| 30-09-2017 | full format | 23-11-2017 | 2017-70300184 |
| 30-09-2016 | full format | 19-11-2016 | 2016-68100596 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Philippe RENOY |
|
Owners and capital
Capital and shareholders
- 28-10-2024 Converted to unavailable equity · €20,451
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
28-10
Gazette deed
Resignation: Philippe RENOY (manager)Appointment: Philippe RENOY (director) · Purpose change · Legal form clause12 facts ▸
- General meeting, 16-10-2024
- Other provision, “conseil d’administration, rapport du conseil d’administration” (deed in French)
- Purpose change
- Legal form clause, “conservation, adaptation des statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “formes et majorités de la modification des statuts, suppression” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, Philippe RENOY (manager)
- Director appointment, Philippe RENOY (director (not named in the articles))
- Director discharge, Philippe RENOY
- Registered-office move
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 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
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61059F0064/00F000 | Wallonia | 3,284 m² | 1 · 158 m² | 12.3 m · 3 |
| 62803A1391/00S000 | Wallonia | 257 m² | 1 · 107 m² | 19.9 m · 6 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes opérations relatives à la construction,l'aménagement et l'exploitation d'un centre d'affaires y compris médicales; Tous services de…” (deed in French)
6 activities (deed in French)
- Toutes opérations relatives à la construction,l'aménagement et l'exploitation d'un centre d'affaires y compris médicales.
- Tous services de secrétariat ;
- Tous services de domiciliation téléphonique ;
- Toutes activités d'administration.
- Elle peut accomplir toutes opérations commerciales,industrielles,financières,mobilières ou immobilières,se rapportant directement ou indirectement à son objet.
- Elle peut s'intéresser par toutes voies dans toutes sociétés,associations ou entreprises ayant un objet similaire ou connexe au sien ou susceptible de favoriser le développement de ses activités.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LOCRAD
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique par simple…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration” (deed in French)“Portée aux frais généraux, fixe ou proportionnelle” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement aux actions si plusieurs, héritiers et légataires non de plein droit tenus de solliciter…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Wednesday of May at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)