Result
€152,458 €152,458
Back in profit in 2025, after a loss of €140,510 in 2024.
LOCAP
Lifetime
17 annual accounts with figures on one time axispeak €798,520 (2019)
€440,616▲ 41.9%
lowest -€140,510 (2024)
€152,458▲ €292,969
peak €2.0m (2025)
€2.0m▲ 8.3%
€1.7m▼ 32.7%
peak 2.9 FTE (2025)
2.9 FTE▲ 38.1%
Board4 names since 2018
1 directorTROIAN Caroline
Owners
Documentsfilings and deeds
29-09-202660 days late
2025abbreviated format
Gross margin from €310,444 to €440,616Back to profit: €152,458Staff from 2.1 FTE to 2.9 FTEResignation: PEZZIN Christian (director) 15-10Debts from €2.5m to €1.7mCash from €291,285 to €133,852
Key points
from the 2025 annual accountsTurnover
≈ €2.2m estimated
The accounts state no turnover.
Staff
2 employees on 31-12-2025
In 2025, nobody joined and 1 person left.
Liquidity
8.22 was 3.18 in 2024
Short-term debts fell from €1.1m to €370,212.
Filings
17 annual accounts since 2009
Ten of the last ten came late. The 2019 accounts came latest: 84 days after the end of the period.
Position in the sector
€2.0m
More equity than 89% of companies in wholesale trade. Sector median €360,959 · 9,897 companies.
Checked score
87
Excellent
Financially stronger than 55% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%▲ +0.1 percentage points vs 08-2025
10-2025: 0.2%▼ -0.2 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.3%▼ -0.3 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 60 days late; 2 of the last 3 accounts late
Liquidity: current ratio 8.22, cash €133,852, halved
lowers risk
Founded in 2008
Size: 2.9 FTE, total assets €3.7m
Calculation
The band follows from the bankruptcy probability. 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). It does better than 61% of them on solvency, 60% on liquidity, 38% on profitability and 62% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as LOCAP has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of LOCAP itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for LOCAP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.22 (3.18 in 2024), above the usual 1.5. Short-term debt is 10% and cash 3.6% of total assets. 46.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
60 days late
2024
60 days late
2023
30 days late
2022
28 days late
2021
25 days late
2020
39 days late
2019
84 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 47 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ZAVAGNO Julien all the sharesdeed of 05-10-2018
Shares in 1 company, Immobilière RH 270
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0806947057
Resignation: PEZZIN Christian (director)
Appointment: TROIAN Caroline (director) · Director discharge: PEZZIN Christian · General meeting of 10-07-2025 · Gazette deed
1 director appointed, 1 resignation
Resignation: NNG SPRL · Appointment: PEZZIN Christian · Permanent representative: ZAVAGNO Julien · General meeting of 25-10-2021 · Gazette deed
Registered office moved from Nandrin to Waremme
New registered office: Rue de Huy 270, 4300 WAREMME · Previous registered office: Route du Condroz 109, 4550 NANDRIN · General meeting of 04-10-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LOCAP Waremme | €3.7m | €440,616 | 53.8% | 2.9 |
| AUTOHANDEL SNEPPE Oostkamp | €3.8m | €470,065 | 64.8% | 2.4 |
| FLEET- SERVICES Spa | €5.1m | €881,440 | 17.3% | 3 |
| DUMAREY Torhout | €4.0m | €501,138 | 70.5% | 3.5 |
| DCT-VL Maldegem | €4.4m | €449,178 | 36.4% | 2.4 |
| VERRIPA Izegem | €3.7m | €781,017 | 39.5% | 2 |
| G.A. DEN OTTER TRUCKS Hoogstraten | €3.9m | €389,192 | 93.4% | 3.3 |
These companies have the same main activity as LOCAP: wholesale of cars and light vans (up to 3.5 tonnes) (NACE 46711). They are comparable in size and age: total assets between €3.7m and €5.1m, founded between 2001 and 2012.
Official details
Source: KBO- Status
- Active since 08-10-2008Normal situation
- Activity
- Wholesale of cars and light vans (up to 3.5 tonnes)NACE 46711and 4 others
- Establishment unit
- 2.174.090.5934300 Waremme, since 30-09-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €3.7m▼ 15.4%
- Employeeson 31-12-2025
- 2▼ 33.3%
- Filing
- Filed on 29-09-2026
Insights on LOCAP
LOCAP files the abbreviated format. That format states no turnover. The gross margin rose from €142,979 in 2009 to €440,616 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LOCAP
- What is the company number of LOCAP?
- The company number of LOCAP is 0806.947.057. The VAT number is the same number with BE in front: BE 0806.947.057.
- Where is LOCAP based?
- The registered office is at Rue de Huy 270, 4300 Waremme.Company details
- What does LOCAP do?
- According to the KBO register, the main activity is wholesale of cars and light vans (up to 3.5 tonnes) (NACE 46711).
- What is the legal form of LOCAP?
- LOCAP is a private limited company (pre-2019) (BVBA).
- When was LOCAP founded?
- LOCAP was founded on 08-10-2008.
- Is LOCAP still active?
- Yes, LOCAP is an active enterprise in the KBO register.
- How many employees does LOCAP have?
- LOCAP had an average of 2.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LOCAP?
- The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €440,616 and 139 comparable companies (NACE 46). It probably lies between €1.4m and €3.8m.
- Is LOCAP profitable?
- In financial year 2025, LOCAP made a profit of €152,458.
- Where can I find the annual accounts of LOCAP?
- LOCAP filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LOCAP due?
- LOCAP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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