Why Locinox won the award for Best Managed Company
Locinox has been recognised as a Best Managed Companies 2021. The prestigious Best Managed Companies programme rigorously evaluates and challenges organisations’ strategy and operational management against a proven global framework based on four pillars: a clear long term strategy, extensive capabilities, strong commitment, and excellent financial performance. After a challenging year, resilience, leadership and agility have been particularly acknowledged by the independent jury.
“We are honoured to receive the label and to join the community of Belgian private companies this year. Being recognised as a Best Managed Company confirms that we have the assets to steer through challenging times, support the economic growth and embrace the world of tomorrow” according to Mik Emmerechts, CEO of Locinox.
“In our niche market, we always aim to be the best - on a worldwide level. We might be in a traditional sector, but thanks to entrepreneurship and continuous innovation we develop the best possible products for our clients. Millions of people use our products already on a daily basis worldwide – but they just don’t always know it. The Best Managed Companies label allows us to step out of the shadow and shows who we really are”.
“Our strategy is built on 4 pillars. The first pillar is a clear choice to grow every year organically by 10 to 15%. Our second pillar is a continuous focus on product innovation and development. The third pillar is digitalization. We have a very strong focus on digitalizing all our processes. Now – any of these three pillars can only be realized if you adopt the right organizational culture, which is our 4th pillar.”
“Locinox’s success is the result of a clearly defined strategy, but above all, it’s the result of all our employees. In the end, you want your employees to be happy, you want to enthuse and challenge them, to continuously do everything right. You have to challenge them to excel in their job. And if your business model and strategy are right, you then automatically get happy people and happy customers, giving wings to our company.”
Mik Emmerechts: “For me, the Best Managed Companies label is first and foremost an acknowledgement to our board and middle management. It’s a 360° self-reflecting analysis of our corporate organization and culture, which ables us to be a better employer and thus boosting our recruitment efforts in the long run. We are definitively proud to be named Best Managed Companies.”
About Best Managed Companies In 2017 Deloitte Private launched Belgium Best Managed Companies in collaboration with Econopolis, joined by KU Leuven in 2019. The programme aims to provide guidance and recognition for Belgian privately owned and managed companies that achieve excellent results.
The globally proven framework is used to assess their leadership qualities and practices in the areas of strategy, capabilities, commitment, and financial performance. Companies wishing to participate in the programme must have a turnover exceeding €10 million. They must have been established for at least five years, with more than 25 full-time employees and a majority stake ( 60%) owned by a Belgian resident, person or entity. The company’s HQ or a major decision centre must be located in Belgium and they must be fully compliant from a legal, tax and ethical perspective.
The Best Managed Companies label is intended to become an international label denoting quality and excellence. The programme was developed 28 years ago in Canada and has been rolled out in the meantime over 35 countries worldwide.
About Locinox Locinox is an international trendsetting company developing and manufacturing hardware for the fence, gate and access control industry. Our vision is to fit every high-quality fence gate with at least one Locinox component. Our expertise focuses on gate hardware for outdoor use. That niche market may not be big, but we want to be the international number one. At the moment we adopt a pioneering role which we would like to maintain and further expand. This is why we continue to invest and be dedicated to this market.