LOCUS SERVICES
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline15-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-07-2023, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
28 d early
2021
1 d late
2020
3 d late
2019
18 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Turnover
€802k▼ 19.4%
2020 · €994k
2019: €1.06M
2020: €994k
2019 → 2022
EBIT margin
20.9%▲ 17.7pp
2020 · 3.3%
2019: 18.8%
2020: 3.3%
2019 → 2022
Net result
€122k▼ 2.8%
2021 · €126k
2019: €132k
2020: €20k
2021: €126k
2019 → 2022
Working capital
€347k▲ 50.3%
2021 · €231k
2019: €221k
2020: €207k
2021: €231k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€1.06M-€994k▼ 6.1%€802k
Equity€194k-€214k▲ 10.4%€340k▲ 58.7%€462k▲ 36.0%
Operating result€199k-€33k▼ 83.6%€174k▲ 435%€168k▼ 3.8%
Net result€132k-€20k▼ 84.7%€126k▲ 524%€122k▼ 2.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 4% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €853k
Fixed assets
€115k▲ 5.5%
Current assets
€738k▲ 50.6%
Equity and liabilities €853k
Equity
€462k▲ 36.0%
Provisions
€160=
Debt
€390k▲ 50.8%
The debt ratio rises from 43.2% to 45.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€173k▼
2021 · €178k
Cash flow
€128k▼
2021 · €130k
Solvency
54.2%▼
2021 · 56.8%
Current ratio
1.89▼
2021 · 1.89
Quick ratio
1.64▼
2021 · 1.84
Debt / equity
0.84▲
2021 · 0.76
ROE
26.5%▼
2021 · 37.0%
ROA
14.3%▼
2021 · 21.0%
Interest coverage
54.47▼
2021 · 75.31
Debt
€390k▲
2021 · €259k
Debt ≤ 1 year
€390k▲
2021 · €259k
Income taxes
€45k▼
2021 · €48k
Staff costs
€210k▲
2021 · €157k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€599k€853k▲
Fixed assets21/28€109k€115k▲
Tangible fixed assets22/27€7k€11k▲
Plant, machinery and equipment23€7k€11k▲
Financial fixed assets28€102k€104k▲
Current assets29/58€490k€738k▲
Stocks and contracts in progress3€14k€98k▲
Contracts in progress37€14k€98k▲
Amounts receivable within one year40/41€438k€525k▲
Trade receivables40€438k€330k▼
Other amounts receivable41-€195k
Cash at bank and in hand54/58€36k€114k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€599k€853k▲
Equity10/15€340k€462k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€278k€400k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€272k€394k▲
Profit (loss) carried forward14€63€159▲
Provisions and deferred taxes16€160€160=
Provisions for liabilities and charges160/5€160€160=
Pensions and similar obligations160€160€160=
Amounts payable17/49€259k€390k▲
Amounts payable within one year42/48€259k€390k▲
Trade debts44€107k€324k▲
Suppliers440/4€107k€324k▲
Taxes, remuneration and social security45€90k€67k▼
Taxes450/3€71k€40k▼
Remuneration and social security454/9€19k€26k▲
Other amounts payable47/48€62k-
Income statement
Code20212022
Turnover70-€802k
Goods, raw materials, services and sundry goods60/61-€528k
Remuneration, social security and pensions62€157k€210k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€160-
Other operating charges640/8€2k€26k▲
Gross operating margin9900€338k€409k▲
Operating profit (loss)9901€174k€168k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€174k€167k▼
Income taxes67/77€48k€45k▼
Profit (loss) for the period9904€126k€122k▼
Profit (loss) for the period to be appropriated9905€126k€122k▼
Appropriation of the result
Profit (loss) to be appropriated9906€126k€122k▼
Profit (loss) brought forward from the previous period14P€15€63▲
Transfer to equity691/2€126k€122k▼
To other reserves6921€126k€122k▼
Social balance
Average headcount (FTE)90873.14.9▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
09-08
State Gazette act
General meeting · Merger
Capital increase · Capital
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
12-05
State Gazette act
Merger · Capital
Corporate purpose · Capital increase
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 3 days late
2020
31-12
Financial
Weakest financial yearnet €20k ▼84.7%
Net result drops to €20k, the lowest in the series.
31-12
Financial
Equity above €200kEq €214k ▲10.4%
2 profitable years in a row build equity to €214k.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:GEO SOLUTIONS