LOKRI
ActiveSummary
LOKRI has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €495,871 and a net result of €131,015. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 1766 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+6
Solvency76▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.91 in 2024; short-term debt: 35.2% and cash: 7.5% of total assets), and 49.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.7%
Return on assets
13.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
45 d early
2023
62 d early
2022
68 d early
2021
6 d early
2020
2 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 17 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by staff growth in West Flanders, Agriculture, forestry and fishing sector
Equity
€495,871▲ 35.9%
2024 · €364,855
Total assets
€978,556▲ 19.0%
2024 · €822,611
Net result
€131,015▲ 103%
2024 · €64,448
Working capital
-€28,828▼ 14.6%
2024 · -€25,154
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48,822▼ 56.1%€39,550▼ 19.0%€39,722▲ 0.4%€104,688▲ 164%€199,079▲ 90.2%
Net result€29,331within the sector's middle half▼ 65.7%€21,778within the sector's middle half▼ 25.7%€16,576within the sector's middle half▼ 23.9%€64,448within the sector's middle half▲ 289%€131,015within the sector's middle half▲ 103%
Equity€349,637within the sector's middle half▲ 9.2%€283,832within the sector's middle half▼ 18.8%€300,408within the sector's middle half▲ 5.8%€364,855within the sector's middle half▲ 21.5%€495,871within the sector's middle half▲ 35.9%
Total assets€937,076within the sector's middle half▲ 5.6%€906,709within the sector's middle half▼ 3.2%€853,297below the sector's middle half▼ 5.9%€822,611below the sector's middle half▼ 3.6%€978,556within the sector's middle half▲ 19.0%
Debt€587,439▲ 3.5%€622,877▲ 6.0%€552,890▼ 11.2%€457,756▼ 17.2%€482,686▲ 5.4%
Working capital-€6,655within the sector's middle half▲ 86.2%-€82,685within the sector's middle half▼ 1,142%-€98,762below the sector's middle half▼ 19.4%-€25,154within the sector's middle half▲ 74.5%-€28,828within the sector's middle half▼ 14.6%
Solvency37.3%within the sector's middle half▲ 1.2pp31.3%within the sector's middle half▼ 6.0pp35.2%within the sector's middle half▲ 3.9pp44.4%within the sector's middle half▲ 9.1pp50.7%within the sector's middle half▲ 6.3pp
Current ratio0.98within the sector's middle half▲ 0.130.78below the sector's middle half▼ 0.200.72below the sector's middle half▼ 0.060.91within the sector's middle half▲ 0.200.92within the sector's middle half=
Return on assets (ROA)3.1%within the sector's middle half▼ 6.5pp2.4%within the sector's middle half▼ 0.7pp1.9%within the sector's middle half▼ 0.5pp7.8%within the sector's middle half▲ 5.9pp13.4%above the sector's middle half▲ 5.6pp
Staff (FTE)19.3above the sector's middle half▼ 9.4%14.4above the sector's middle half▼ 25.4%21.9above the sector's middle half▲ 52.1%22.7above the sector's middle half▲ 3.7%23.8above the sector's middle half▲ 4.8%
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 90% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €978,556
Fixed assets
€662,964 ▲ 18.6%
Current assets
€315,592 ▲ 19.6%
Equity and liabilities €978,556
Equity
€495,871 ▲ 35.9%
Debt
€482,686 ▲ 5.4%
Debt's share of the balance-sheet total falls from 55.6% to 49.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€265,053▲
2024 · €159,744
Cash flow
€196,989▲
2024 · €119,504
Quick ratio
0.65▲
2024 · 0.56
Debt to equity
0.97▼
2024 · 1.25
ROE
26.4%▲
2024 · 17.7%
Interest coverage
16.93▲
2024 · 10.10
Debt ≤ 1 year
€344,420▲
2024 · €288,919
Debt > 1 year
€138,265▼
2024 · €168,836
Income taxes
€52,469▲
2024 · €24,496
Staff costs
€437,841▲
2024 · €410,076
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,340 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% | 1.8% |
| 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% 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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €50,000 | - |
| Remuneration, social security and pensions62 | - | €376,323 | €374,206 | €410,076 | €437,841 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,584 | €59,055 | €56,044 | €55,056 | €65,974 | ▲ 19.8% |
| Other operating charges640/8 | - | €8,773 | €8,601 | €9,501 | €9,762 | ▲ 2.7% |
| Non-recurring operating charges66A | - | €240 | - | - | - | - |
| Gross operating margin9900 | €475,096 | €483,941 | €478,573 | €579,322 | €712,656 | ▲ 23.0% |
| Operating profit (loss)9901 | €48,822 | €39,550 | €39,722 | €104,688 | €199,079 | ▲ 90.2% |
| Financial income75/76B | - | €102 | €0 | €80 | €61 | ▼ 24.0% |
| Recurring financial income75 | €94 | €102 | €0 | €80 | €61 | ▼ 24.0% |
| Financial charges65/66B | - | €13,317 | €17,972 | €15,824 | €15,655 | ▼ 1.1% |
| Recurring financial charges65 | €12,863 | €13,317 | €17,972 | €15,824 | €15,655 | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €36,053 | €26,335 | €21,750 | €88,944 | €183,484 | ▲ 106% |
| Income taxes67/77 | €6,722 | €4,557 | €5,174 | €24,496 | €52,469 | ▲ 114% |
| Profit (loss) for the period9904 | €29,331 | €21,778 | €16,576 | €64,448 | €131,015 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €29,331 | €21,778 | €16,576 | €64,448 | €131,015 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €937,076 | €906,709 | €853,297 | €822,611 | €978,556 | ▲ 19.0% |
| Fixed assets21/28 | €598,669 | €610,054 | €602,008 | €558,846 | €662,964 | ▲ 18.6% |
| Tangible fixed assets22/27 | €598,169 | €609,554 | €601,508 | €558,346 | €662,464 | ▲ 18.6% |
| Land and buildings22 | - | €332,262 | €329,324 | €317,659 | €308,496 | ▼ 2.9% |
| Plant, machinery and equipment23 | - | €173,438 | €185,327 | €165,740 | €270,029 | ▲ 62.9% |
| Furniture and vehicles24 | - | €15,960 | €7,328 | €1,100 | €2,951 | ▲ 168% |
| Leasing and similar rights25 | - | €87,894 | €79,530 | €73,848 | €80,988 | ▲ 9.7% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €338,407 | €296,655 | €251,289 | €263,765 | €315,592 | ▲ 19.6% |
| Stocks and contracts in progress3 | €81,656 | €103,131 | €100,213 | €101,836 | €91,921 | ▼ 9.7% |
| Stocks30/36 | - | €103,131 | €100,213 | €101,836 | €91,921 | ▼ 9.7% |
| Amounts receivable within one year40/41 | €92,626 | €102,940 | €106,234 | €132,070 | €150,075 | ▲ 13.6% |
| Trade receivables40 | - | €97,559 | €91,691 | €124,826 | €143,592 | ▲ 15.0% |
| Other amounts receivable41 | - | €5,381 | €14,544 | €7,244 | €6,484 | ▼ 10.5% |
| Cash at bank and in hand54/58 | €164,124 | €90,585 | €44,842 | €29,859 | €73,595 | ▲ 146% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €937,076 | €906,709 | €853,297 | €822,611 | €978,556 | ▲ 19.0% |
| Equity10/15 | €349,637 | €283,832 | €300,408 | €364,855 | €495,871 | ▲ 35.9% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €324,637 | €258,832 | €275,408 | €339,855 | €470,871 | ▲ 38.6% |
| Non-distributable reserves130/1 | - | €2,500 | - | - | - | - |
| Reserves not available under the articles1311 | - | €2,500 | - | - | - | - |
| Tax-exempt reserves132 | - | €10,856 | €10,856 | €10,856 | €10,856 | = |
| Distributable reserves133 | - | €245,475 | €264,551 | €328,999 | €460,014 | ▲ 39.8% |
| Amounts payable17/49 | €587,439 | €622,877 | €552,890 | €457,756 | €482,686 | ▲ 5.4% |
| Amounts payable after more than one year17 | €242,377 | €243,537 | €202,839 | €168,836 | €138,265 | ▼ 18.1% |
| Financial debts170/4 | - | €243,537 | €202,839 | €168,836 | €138,265 | ▼ 18.1% |
| Amounts payable within one year42/48 | €345,062 | €379,340 | €350,051 | €288,919 | €344,420 | ▲ 19.2% |
| Current portion of amounts payable after more than one year42 | - | €58,453 | €41,893 | €34,830 | €32,802 | ▼ 5.8% |
| Financial debts43 | - | - | - | - | €78,891 | - |
| Other loans439 | - | - | - | - | €78,891 | - |
| Trade debts44 | €59,963 | €45,718 | €34,339 | €41,249 | €36,144 | ▼ 12.4% |
| Suppliers440/4 | - | €45,718 | €34,339 | €41,249 | €36,144 | ▼ 12.4% |
| Taxes, remuneration and social security45 | - | €27,148 | €25,572 | €39,197 | €49,873 | ▲ 27.2% |
| Taxes450/3 | - | €4,248 | €4,050 | €12,686 | €28,566 | ▲ 125% |
| Remuneration and social security454/9 | - | €22,901 | €21,522 | €26,511 | €21,307 | ▼ 19.6% |
| Other amounts payable47/48 | - | €248,021 | €248,246 | €173,644 | €146,711 | ▼ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,331 | €21,778 | €16,576 | €64,448 | €131,015 | ▲ 103% |
| + Depreciation and write-downs630 | €80,584 | €59,055 | €56,044 | €55,056 | €65,974 | ▲ 19.8% |
| Operating cash flow (approximation) | €109,915 | €80,834 | €72,620 | €119,504 | €196,989 | ▲ 64.8% |
| Investment in fixed assets (approximation) | - | -€70,440 | -€47,999 | -€11,894 | -€170,092 | ▼ 1,330% |
| Change in cash | - | -€73,540 | -€45,743 | -€14,983 | €43,737 | ▲ 392% |
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
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €131,015 ▲103%
Operating result €199,079, net result €131,015, both a record.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €16,576 ▼23.9%
Net result drops to €16,576, the lowest in the series; recovery starts the following year.
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
23-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
24-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ardooie · 1 establishment unit since 2002
Ground area
8,187 m²
Building footprint
2,878 m²
Parcel 37005A0117/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
Oude Zwevezeelsestraat 9, 8851 Ardooie
since 20022.101.607.245
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37005A0117/00K000 | Flanders | 8,187 m² | 1 · 2,878 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteArdooie2.101.607.245
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Of 3,621 companies in sector 01130 we hold annual accounts for 788. 611 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
Founded26-02-2002
Fiscal year end30-06
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
46319Wholesale of fruit and vegetables, excluding potatoes
47210Retail sale of fruit and vegetables
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476807755
Also
9925:BE0476807755
Registered
28-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.