Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Local Food Works from Tienen, company number BE0698909645, closed financial year 2025 with a result of € -8,986 after tax. For that financial year Local Food Works recorded a gross margin of € 40,369 and equity of € -74,134. Compared with financial year 2024, the result moved from € -30,212 to € -8,986. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ -74,134
▼ € 14,839 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,986
▲ 70 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,806
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -129,234.
Debts at end 2025
€ 96,510
▼ 18% vs 2024
€ 19,357 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 10,730
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 88,680 | € 107,085 | € 49,437 | € 40,369 | ▼ 18% |
| Profit after taxes | € 10,950 | € 25,886 | € -30,212 | € -8,986 | ▲ € 21,226 |
| Equity | € -41,555 | € -22,376 | € -59,294 | € -74,134 | ▼ € 14,839 |
| Total debts | € 295,462 | € 237,629 | € 156,564 | € 112,786 | ▼ 28% |
| Cash | € 5,457 | € 21,842 | € 8,354 | € 1,806 | ▼ 78% |
| Retained profit | € -115,922 | € -90,036 | € -120,248 | € -129,234 | ▼ € 8,986 |
| Bank debt | € 197,342 | € 178,934 | € 117,088 | € 96,510 | ▼ 18% |
| Balance sheet total | € 253,907 | € 215,253 | € 97,270 | € 38,652 | ▼ 60% |
Key figures of Local Food Works, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Local Food Works?
What happened at Local Food Works in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,986. Source: NBB ↗
- Wout Versteden became a director. NBB
- Michiel Depaepe became a director. NBB
- Johannes Lankester became a director. NBB
- Theo Andreae became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,950 profit in 2022 to € 8,986 loss in 2025.
Best year ever: 2023, with € 25,886 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Local Food Works are Johannes Lankester, Theo Andreae, Wout Versteden and Michiel Depaepe.
Directors
According to the 2025 annual accounts
Johannes Lankester
Director
since 2020
Theo Andreae
Director
since 2020
Wout Versteden
Director
since 2025
Michiel Depaepe
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Neringstraat 24
3300 Tienen
Albert Stainierstraat 1
3001 Leuven
Active since 2 July 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0698.909.645
- VAT number
- BE 0698.909.645
- Registered office
- Neringstraat 24, 3300 Tienen
- Names & denominations
- Local Food Works · LFW
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 28 June 2018
- Peppol
- Active · Active since 18 Feb 2026
- Activities · NACE
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