SO LOCKS
ActiveSummary
The computed 12-month bankruptcy probability of SO LOCKS is 4.5% (elevated). The 2024 annual accounts show negative equity (€-17k) and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 6162 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-9
Solvency0▼-24
Growth31▼-21
Track record100
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.93 in 2023; short-term debt: 137% and cash: 4.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
-37.9%
Return on assets
-34.7%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-17k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
91 d late
2022
130 d late
2021
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€61k▼ 1.5%
2023 · €62k
2023: €62k
2024: €61k▼ -1.5% vs 2023
2023 → 2024
EBIT margin
-25.7%▼ 17.4pp
2023 · -8.3%
2023: -8.3%
2024: -25.7%▼ -209% vs 2023
2023 → 2024
Net result
€-16k▼ 192%
2023 · €-5k
2021: €-3k
2022: €10k▲ +392% vs 2021highest in 4 years
2023: €-5k▼ -154% vs 2022
2024: €-16k▼ -192% vs 2023lowest in 4 years
2021 → 2024
Working capital
€-25k▼ 151%
2023 · €-10k
2021: €-11k
2022: €-4k▲ +59.8% vs 2021highest in 4 years
2023: €-10k▼ -125% vs 2022
2024: €-25k▼ -151% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€62k€61k▼ 1.5%
2023: €62k
2024: €61k▼ -1.5% vs 2023
Equity€-7k-€4k€-1k€-17k▼ 1,092%
2021: €-7k
2022: €4k▲ +156% vs 2021highest in 4 years
2023: €-1k▼ -136% vs 2022
2024: €-17k▼ -1092% vs 2023lowest in 4 years
Operating result€-3k-€12k€-5k€-16k▼ 204%
2021: €-3k
2022: €12k▲ +447% vs 2021highest in 4 years
2023: €-5k▼ -143% vs 2022
2024: €-16k▼ -204% vs 2023lowest in 4 years
Net result€-3k-€10k€-5k€-16k▼ 192%
2021: €-3k
2022: €10k▲ +392% vs 2021highest in 4 years
2023: €-5k▼ -154% vs 2022
2024: €-16k▼ -192% vs 2023lowest in 4 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2024 against €5k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €45k
Fixed assets
€8k ▼ 3.3%
Current assets
€37k ▼ 71.4%
Key figures and ratios
EBITDA
€-15k▼
2023 · €-5k
Cash flow
€-15k▼
2023 · €-5k
Solvency
-37.9%▼
2023 · -1.0%
Current ratio
0.60▼
2023 · 0.93
Debt to equity
-3.64▲
2023 · -96.68
ROA
-34.7%▼
2023 · -3.9%
Interest coverage
-110.64▼
2023 · -12.84
Debt
€63k▼
2023 · €140k
Debt ≤ 1 year
€62k▼
2023 · €140k
Income taxes
€0▲
2023 · €-118
Staff costs
€13k▲
2023 · €12k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€138k€45k▼
Fixed assets21/28€9k€8k▼
Tangible fixed assets22/27€1k€851▼
Plant, machinery and equipment23€412€317▼
Furniture and vehicles24€727€534▼
Financial fixed assets28€8k€8k=
Current assets29/58€130k€37k▼
Amounts receivable within one year40/41€129k€35k▼
Trade receivables40€116k€35k▼
Other amounts receivable41€13k-
Cash at bank and in hand54/58€807€2k▲
Deferred charges and accrued income490/1€31-
Equity and liabilities
Total equity and liabilities10/49€138k€45k▼
Equity10/15€-1k€-17k▼
Contributions10/11€1k€1k=
Reserves13€2k€2k=
Non-distributable reserves130/1€148€148=
Reserves not available under the articles1311€148€148=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-5k€-20k▼
Amounts payable17/49€140k€63k▼
Amounts payable within one year42/48€140k€62k▼
Financial debts43-€569
Credit institutions430/8-€569
Trade debts44€11k€7k▼
Suppliers440/4€11k€7k▼
Advances received on contracts in progress46€126k€34k▼
Taxes, remuneration and social security45€3k€13k▲
Taxes450/3€2k€11k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48-€8k
Accrued charges and deferred income492/3€53€428▲
Income statement
Code20232024
Turnover70€62k€61k▼
Non-recurring operating income76A€10k€121▼
Goods, raw materials, services and sundry goods60/61€65k€63k▼
Remuneration, social security and pensions62€12k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€256€288▲
Other operating charges640/8€712€1k▲
Gross operating margin9900€7k€-856▼
Operating profit (loss)9901€-5k€-16k▼
Financial income75/76B€0€5▲
Recurring financial income75€0€5▲
Financial charges65/66B€381€139▼
Recurring financial charges65€381€139▼
Profit (loss) for the period before taxes9903€-6k€-16k▼
Income taxes67/77€-118€0▲
Profit (loss) for the period9904€-5k€-16k▼
Profit (loss) for the period to be appropriated9905€-5k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-20k▼
Profit (loss) brought forward from the previous period14P€816€-5k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €62k | €61k | ▼ 1.5% |
| Non-recurring operating income76A | - | - | €10k | €121 | ▼ 98.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €65k | €63k | ▼ 3.4% |
| Remuneration, social security and pensions62 | - | €12k | €12k | €13k | ▲ 15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €45 | €256 | €288 | ▲ 12.7% |
| Other operating charges640/8 | - | €102 | €712 | €1k | ▲ 73.9% |
| Non-recurring operating charges66A | - | €844 | - | - | - |
| Gross operating margin9900 | €-3k | €25k | €7k | €-856 | ▼ 112% |
| Operating profit (loss)9901 | €-3k | €12k | €-5k | €-16k | ▼ 204% |
| Financial income75/76B | - | - | €0 | €5 | ▲ 3,967% |
| Recurring financial income75 | - | - | €0 | €5 | ▲ 3,967% |
| Financial charges65/66B | - | €170 | €381 | €139 | ▼ 63.6% |
| Recurring financial charges65 | - | €170 | €381 | €139 | ▼ 63.6% |
| Profit (loss) for the period before taxes9903 | €-3k | €12k | €-6k | €-16k | ▼ 185% |
| Income taxes67/77 | - | €2k | €-118 | €0 | ▲ 100% |
| Profit (loss) for the period9904 | €-3k | €10k | €-5k | €-16k | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €10k | €-5k | €-16k | ▼ 192% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6k | €80k | €138k | €45k | ▼ 67.2% |
| Fixed assets21/28 | €4k | €8k | €9k | €8k | ▼ 3.3% |
| Tangible fixed assets22/27 | - | €920 | €1k | €851 | ▼ 25.3% |
| Plant, machinery and equipment23 | - | - | €412 | €317 | ▼ 23.0% |
| Furniture and vehicles24 | - | €920 | €727 | €534 | ▼ 26.6% |
| Financial fixed assets28 | €4k | €8k | €8k | €8k | = |
| Current assets29/58 | €2k | €72k | €130k | €37k | ▼ 71.4% |
| Amounts receivable within one year40/41 | €2k | €71k | €129k | €35k | ▼ 72.7% |
| Trade receivables40 | €770 | €63k | €116k | €35k | ▼ 69.6% |
| Other amounts receivable41 | €1k | €8k | €13k | - | - |
| Cash at bank and in hand54/58 | - | €856 | €807 | €2k | ▲ 130% |
| Deferred charges and accrued income490/1 | - | - | €31 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6k | €80k | €138k | €45k | ▼ 67.2% |
| Equity10/15 | €-7k | €4k | €-1k | €-17k | ▼ 1,092% |
| Contributions10/11 | - | €1k | €1k | €1k | = |
| Reserves13 | - | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €148 | €148 | €148 | = |
| Reserves not available under the articles1311 | - | €148 | €148 | €148 | = |
| Distributable reserves133 | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-7k | €816 | €-5k | €-20k | ▼ 344% |
| Amounts payable17/49 | €13k | €76k | €140k | €63k | ▼ 55.2% |
| Amounts payable within one year42/48 | €13k | €76k | €140k | €62k | ▼ 55.5% |
| Financial debts43 | - | €40 | - | €569 | - |
| Credit institutions430/8 | - | €40 | - | €569 | - |
| Trade debts44 | €13k | €21k | €11k | €7k | ▼ 36.5% |
| Suppliers440/4 | €13k | €21k | €11k | €7k | ▼ 36.5% |
| Advances received on contracts in progress46 | - | €54k | €126k | €34k | ▼ 73.1% |
| Taxes, remuneration and social security45 | €134 | €2k | €3k | €13k | ▲ 364% |
| Taxes450/3 | €134 | €2k | €2k | €11k | ▲ 579% |
| Remuneration and social security454/9 | - | - | €1k | €2k | ▲ 80.2% |
| Other amounts payable47/48 | - | - | - | €8k | - |
| Accrued charges and deferred income492/3 | - | - | €53 | €428 | ▲ 716% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €10k | €-5k | €-16k | ▼ 192% |
| + Depreciation and write-downs630 | - | €45 | €256 | €288 | ▲ 12.7% |
| Operating cash flow (approximation) | €-3k | €10k | €-5k | €-15k | ▼ 201% |
| Investment in fixed assets (approximation) | - | €-4k | €-475 | €0 | ▲ 100% |
| Change in cash | - | - | €-49 | €1k | ▲ 2,226% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 130 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 2020
Ground area
78 m²
Building footprint
60 m²
Volume, LiDAR
844 m³
Parcel 21442A0016/00A004, Brussels · tallest building 16.2 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SO LOCKS
since 20202.310.211.980
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0016/00A004 | Brussels | 78 m² | 1 · 60 m² | 16.2 m · 5 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 21,742 companies in sector 96210 we hold annual accounts for 2,831. 1,854 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
Founded26-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
Scores and ratios are computed by Checked and are not a credit decision.