Locks
ActiveSummary
Locks has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.88M and a net result of €114k. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-20
Solvency56=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.35M at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.09 in 2024; short-term debt: 64.7% and cash: 0.4% of total assets), and 68.6% 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 · 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
31.4%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
12 d late
2023
27 d late
2022
24 d late
2021
17 d late
2020
26 d late
2019
24 d late
← 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, full schema
Turnover
€91.31M▼ 15.2%
2024 · €107.68M
2018: €18.21M
2019: €21.87M
2020: €76.56M
2021: €67.28M
2022: €72.55M
2023: €87.83M
2024: €107.68M
2018 → 2025
EBIT margin
-0.6%▼ 9.6pp
2024 · 9.1%
2018: -12.3%
2019: 6.3%
2020: 3.9%
2021: 6.4%
2022: 22.1%
2023: 7.8%
2024: 9.1%
2018 → 2025
Net result
€114k▼ 98.4%
2024 · €7.25M
2018: €-2.22M
2019: €1.30M
2020: €2.68M
2021: €3.89M
2022: €12.10M
2023: €5.74M
2024: €7.25M
2018 → 2025
Working capital
€4.68M▲ 12.5%
2024 · €4.16M
2018: €-2.40M
2019: €-1.82M
2020: €-313k
2021: €5.03M
2022: €16.85M
2023: €9.16M
2024: €4.16M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€67.28M-€72.55M▲ 7.8%€87.83M▲ 21.1%€107.68M▲ 22.6%€91.31M▼ 15.2%
Equity€5.69M-€17.79M▲ 213%€23.52M▲ 32.2%€22.77M▼ 3.2%€22.88M▲ 0.5%
Operating result€4.31M-€16.07M▲ 273%€6.83M▼ 57.5%€9.77M▲ 43.2%€-506k
Net result€3.89M-€12.10M▲ 211%€5.74M▼ 52.6%€7.25M▲ 26.4%€114k▼ 98.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €506k after €9.77M in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72.78M
Fixed assets
€21.04M ▼ 4.8%
Current assets
€51.75M ▼ 0.9%
Equity and liabilities €72.78M
Equity
€22.88M ▲ 0.5%
Provisions
€2.83M ▼ 8.4%
Debt
€47.07M ▼ 2.8%
Debt's share of the balance-sheet total falls from 65.2% to 64.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.88M▼
2024 · €11.84M
Cash flow
€2.50M▼
2024 · €9.31M
Current ratio
1.10▲
2024 · 1.09
Quick ratio
0.81▼
2024 · 0.82
Debt to equity
2.06▼
2024 · 2.13
ROE
0.5%▼
2024 · 31.8%
ROA
0.2%▼
2024 · 9.8%
Interest coverage
7801.40▼
2024 · 117387.12
Debt ≤ 1 year
€47.07M▼
2024 · €48.04M
Income taxes
€313k▼
2024 · €1.28M
Staff costs
€538k▲
2024 · €162k
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 · 84 lines
Balance sheet
Code20242025
Assets
Total assets20/58€74.30M€72.78M▼
Fixed assets21/28€22.10M€21.04M▼
Tangible fixed assets22/27€22.10M€21.01M▼
Land and buildings22€11.76M€10.85M▼
Plant, machinery and equipment23€10.26M€10.09M▼
Furniture and vehicles24€82k€75k▼
Financial fixed assets28€458€26k▲
Other financial fixed assets284/8€458€26k▲
Amounts receivable and cash guarantees285/8€458€26k▲
Current assets29/58€52.20M€51.75M▼
Stocks and contracts in progress3€12.86M€13.71M▲
Stocks30/36€12.86M€13.71M▲
Raw materials and consumables30/31€22k€32k▲
Finished goods33€12.83M€13.68M▲
Amounts receivable within one year40/41€37.11M€37.65M▲
Trade receivables40€33.46M€26.85M▼
Other amounts receivable41€3.64M€10.79M▲
Cash at bank and in hand54/58€2.18M€293k▼
Deferred charges and accrued income490/1€61k€97k▲
Equity and liabilities
Total equity and liabilities10/49€74.30M€72.78M▼
Equity10/15€22.77M€22.88M▲
Contributions10/11€2.23M€2.23M=
Capital10€2.23M€2.23M=
Issued capital100€2.23M€2.23M=
Reserves13€20.54M€20.65M▲
Non-distributable reserves130/1€223k€223k=
Legal reserve130€223k€223k=
Tax-exempt reserves132€11.09M€10.28M▼
Distributable reserves133€9.22M€10.14M▲
Provisions and deferred taxes16€3.09M€2.83M▼
Provisions for liabilities and charges160/5€21k€33k▲
Other liabilities and charges164/5€21k€33k▲
Deferred taxes168€3.07M€2.80M▼
Amounts payable17/49€48.44M€47.07M▼
Amounts payable within one year42/48€48.04M€47.07M▼
Trade debts44€47.72M€46.91M▼
Suppliers440/4€47.72M€46.91M▼
Taxes, remuneration and social security45€321k€154k▼
Taxes450/3€277k€14k▼
Remuneration and social security454/9€44k€140k▲
Accrued charges and deferred income492/3€400k-
Income statement
Code20242025
Operating income70/76A€117.49M€92.20M▼
Turnover70€107.68M€91.31M▼
Change in stocks of work in progress, finished goods and contracts in progress71€789k€844k▲
Other operating income74€14k€45k▲
Non-recurring operating income76A€9.00M-
Operating charges60/66A€107.71M€92.71M▼
Goods for resale, raw materials and consumables60€97.48M€81.61M▼
Purchases600/8€97.50M€81.62M▼
Change in stocks: decrease (increase)609€-22k€-10k▲
Services and other goods61€7.98M€7.89M▼
Remuneration, social security and pensions62€162k€538k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.07M€2.38M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€8k€12k▲
Other operating charges640/8€22k€85k▲
Non-recurring operating charges66A-€179k
Operating profit (loss)9901€9.77M€-506k▼
Financial income75/76B€341k€711k▲
Recurring financial income75€341k€690k▲
Income from current assets751€207k€251k▲
Other financial income752/9€133k€439k▲
Non-recurring financial income76B€337€22k▲
Financial charges65/66B€548k€49k▼
Recurring financial charges65€546k€48k▼
Debt charges650€101€241▲
Other financial charges652/9€546k€48k▼
Non-recurring financial charges66B€2k€125▼
Profit (loss) for the period before taxes9903€9.57M€157k▼
Transfer from deferred taxes780€246k€270k▲
Transfer to deferred taxes680€1.28M-
Income taxes67/77€1.28M€313k▼
Taxes670/3€1.28M€313k▼
Profit (loss) for the period9904€7.25M€114k▼
Transfer from tax-exempt reserves789€739k€811k▲
Transfer to tax-exempt reserves689€3.85M-
Profit (loss) for the period to be appropriated9905€4.13M€925k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.13M€925k▼
Transfer from equity791/2€8.00M-
From reserves792€8.00M-
Transfer to equity691/2€4.13M€925k▼
To other reserves6921€4.13M€925k▼
Profit to be distributed694/7€8.00M-
Return on contributions (dividend)694€8.00M-
Social balance
Average headcount (FTE)90871.37.7▲
The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 12 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €12.10M ▲211%
Operating result €16.07M, net result €12.10M, both a record.
31-12
Financial
Equity above €10MEq €17.79M ▲213%
4 profitable years in a row build equity to €17.79M.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
31-12
Financial
Equity above €5MEq €5.69M ▲216%
3 profitable years in a row build equity to €5.69M.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Equity above €1MEq €1.80M
2 profitable years in a row build equity to €1.80M.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
31-12
Financial
Back to profitnet €1.30M
Net result €1.30M after one loss-making year.
Show earlier events
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Gent · 1 establishment unit since 1986
Ground area
3.0 ha
Building footprint
6,753 m²
Parcel 44813B0395/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
LOCKS NV
since 19862.037.122.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813B0395/00K000 | Flanders | 3.0 ha | 1 · 6,753 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteGent2.037.122.239
Legal Entity Identifier
8945007FAAE0FATHTE34
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Of 756 companies in sector 46321 we hold annual accounts for 551. 107 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-02-1984
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.