LOCULUS
ActiveSummary
LOCULUS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €-5k. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30=
Solvency49▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.33 in 2024; short-term debt: 76.3% and cash: 0.2% of total assets), and 76.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
23.7%
Return on assets
-2.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
9 d early
2023
7 d late
2022
29 d late
2021
25 d late
2020
32 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€39k▼ 10.7%
2024 · €44k
2018: €-58klowest in 8 years
2019: €-50k▲ +14.4% vs 2018
2020: €-44k▲ +11.5% vs 2019
2021: €-8k▲ +80.8% vs 2020
2022: €33k▲ +492% vs 2021
2023: €49k▲ +49.3% vs 2022highest in 8 years
2024: €44k▼ -11.5% vs 2023
2025: €39k▼ -10.7% vs 2024
2018 → 2025
Total assets
€164k▼ 7.3%
2024 · €177k
2018: €12k
2019: €9k▼ -23.5% vs 2018lowest in 8 years
2020: €19k▲ +120% vs 2019
2021: €27k▲ +36.8% vs 2020
2022: €191k▲ +616% vs 2021highest in 8 years
2023: €176k▼ -7.7% vs 2022
2024: €177k▲ +0.6% vs 2023
2025: €164k▼ -7.3% vs 2024
2018 → 2025
Net result
€-5k▲ 17.8%
2024 · €-6k
2018: €-10klowest in 8 years
2019: €8k▲ +183% vs 2018
2020: €6k▼ -31.9% vs 2019
2021: €36k▲ +525% vs 2020
2022: €41k▲ +16.5% vs 2021highest in 8 years
2023: €16k▼ -60.7% vs 2022
2024: €-6k▼ -135% vs 2023
2025: €-5k▲ +17.8% vs 2024
2018 → 2025
Working capital
€39k▼ 10.7%
2024 · €44k
2018: €-59klowest in 8 years
2019: €-53k▲ +9.6% vs 2018
2020: €-47k▲ +13.0% vs 2019
2021: €-10k▲ +79.2% vs 2020
2022: €33k▲ +441% vs 2021
2023: €49k▲ +49.3% vs 2022highest in 8 years
2024: €44k▼ -11.5% vs 2023
2025: €39k▼ -10.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-8k-€33k€49k▲ 49.3%€44k▼ 11.5%€39k▼ 10.7%
2021: €-8klowest in 5 years
2022: €33k▲ +492% vs 2021
2023: €49k▲ +49.3% vs 2022highest in 5 years
2024: €44k▼ -11.5% vs 2023
2025: €39k▼ -10.7% vs 2024
Operating result€36k-€41k▲ 12.9%€16k▼ 61.2%€-6k€-5k▲ 17.1%
2021: €36k
2022: €41k▲ +12.9% vs 2021highest in 5 years
2023: €16k▼ -61.2% vs 2022
2024: €-6k▼ -141% vs 2023lowest in 5 years
2025: €-5k▲ +17.1% vs 2024
Net result€36k-€41k▲ 16.5%€16k▼ 60.7%€-6k€-5k▲ 17.8%
2021: €36k
2022: €41k▲ +16.5% vs 2021highest in 5 years
2023: €16k▼ -60.7% vs 2022
2024: €-6k▼ -135% vs 2023lowest in 5 years
2025: €-5k▲ +17.8% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €164k
Equity
€39k ▼ 10.7%
Debt
€125k ▼ 6.2%
Debt's share of the balance-sheet total rises from 75.4% to 76.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.31▼
2024 · 1.33
Debt to equity
3.22▲
2024 · 3.06
ROE
-12.0%▲
2024 · -13.0%
ROA
-2.8%▲
2024 · -3.2%
Debt ≤ 1 year
€125k▼
2024 · €134k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 27 lines
Balance sheet
Code20242025
Assets
Total assets20/58€177k€164k▼
Current assets29/58€177k€164k▼
Amounts receivable within one year40/41€177k€164k▼
Other amounts receivable41€177k€164k▼
Cash at bank and in hand54/58€53€251▲
Deferred charges and accrued income490/1-€441
Equity and liabilities
Total equity and liabilities10/49€177k€164k▼
Equity10/15€44k€39k▼
Contributions10/11€120k€120k=
Profit (loss) carried forward14€-76k€-81k▼
Amounts payable17/49€134k€125k▼
Amounts payable within one year42/48€134k€125k▼
Trade debts44€591€2k▲
Suppliers440/4€591€2k▲
Other amounts payable47/48€133k€123k▼
Income statement
Code20242025
Other operating charges640/8€924€1k▲
Gross operating margin9900€-6k€-4k▲
Operating profit (loss)9901€-6k€-5k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€290€328▲
Recurring financial charges65€290€328▲
Profit (loss) for the period before taxes9903€-6k€-5k▲
Profit (loss) for the period9904€-6k€-5k▲
Profit (loss) for the period to be appropriated9905€-6k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-76k€-81k▼
Profit (loss) brought forward from the previous period14P€-71k€-76k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €724 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | - | - | - | - |
| Other operating charges640/8 | €1k | €2k | €1k | €924 | €1k | ▲ 34.9% |
| Gross operating margin9900 | €39k | €44k | €18k | €-6k | €-4k | ▲ 25.8% |
| Operating profit (loss)9901 | €36k | €41k | €16k | €-6k | €-5k | ▲ 17.1% |
| Financial income75/76B | €47 | €2k | €1k | €1k | €1k | ▼ 5.5% |
| Recurring financial income75 | €47 | €2k | €1k | €1k | €1k | ▼ 5.5% |
| Financial charges65/66B | €581 | €786 | €601 | €290 | €328 | ▲ 13.4% |
| Recurring financial charges65 | €581 | €786 | €601 | €290 | €328 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | €36k | €42k | €16k | €-6k | €-5k | ▲ 17.8% |
| Income taxes67/77 | €223 | €306 | €226 | - | - | - |
| Profit (loss) for the period9904 | €36k | €41k | €16k | €-6k | €-5k | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | €36k | €41k | €16k | €-6k | €-5k | ▲ 17.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €191k | €176k | €177k | €164k | ▼ 7.3% |
| Fixed assets21/28 | €1k | - | - | - | - | - |
| Tangible fixed assets22/27 | €1k | - | - | - | - | - |
| Plant, machinery and equipment23 | €1k | - | - | - | - | - |
| Current assets29/58 | €25k | €191k | €176k | €177k | €164k | ▼ 7.3% |
| Amounts receivable within one year40/41 | €23k | €184k | €174k | €177k | €164k | ▼ 7.6% |
| Trade receivables40 | €1k | - | - | - | - | - |
| Other amounts receivable41 | €21k | €184k | €174k | €177k | €164k | ▼ 7.6% |
| Cash at bank and in hand54/58 | €2k | €5k | €46 | €53 | €251 | ▲ 370% |
| Deferred charges and accrued income490/1 | €536 | €1k | €2k | - | €441 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €191k | €176k | €177k | €164k | ▼ 7.3% |
| Equity10/15 | €-8k | €33k | €49k | €44k | €39k | ▼ 10.7% |
| Contributions10/11 | €120k | €120k | €120k | €120k | €120k | = |
| Profit (loss) carried forward14 | €-128k | €-87k | €-71k | €-76k | €-81k | ▼ 6.1% |
| Amounts payable17/49 | €35k | €158k | €127k | €134k | €125k | ▼ 6.2% |
| Amounts payable within one year42/48 | €35k | €158k | €127k | €134k | €125k | ▼ 6.2% |
| Trade debts44 | €8k | €18k | €6k | €591 | €2k | ▲ 261% |
| Suppliers440/4 | €8k | €18k | €6k | €591 | €2k | ▲ 261% |
| Taxes, remuneration and social security45 | €4k | €4k | €226 | - | - | - |
| Taxes450/3 | €4k | €4k | €226 | - | - | - |
| Other amounts payable47/48 | €23k | €136k | €121k | €133k | €123k | ▼ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €41k | €16k | €-6k | €-5k | ▲ 17.8% |
| + Depreciation and write-downs630 | €1k | €1k | - | - | - | - |
| Operating cash flow (approximation) | €37k | €43k | €16k | €-6k | €-5k | ▲ 17.8% |
| Change in cash | - | €3k | €-5k | €8 | €197 | ▲ 2,435% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €41k ▲16.5%
Operating result €41k, net result €41k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
29-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kalmthout · 1 establishment unit since 2012
Ground area
3,098 m²
Building footprint
431 m²
Volume, LiDAR
1,732 m³
Parcel 11662E0284/00L000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Loculus
since 20122.206.770.289
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0284/00L000 | Flanders | 3,098 m² | 1 · 431 m² | 8.0 m · 1 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,795 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.