b-logic
ActiveSummary
b-logic has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€11,791) and a net result of €5,746. Equity is growing by about 6.3% per year across the filed financial years. Its solvency ranks better than 8% of 9,627 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- -€11,791
- Profit
- €5,746
- VANCOILLIE FrankDirector
- VERSCHAETSE NinaDirector
Why 55raises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€11,791lowers riskSize: total assets €29,107Founded in 2008Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 82, micro): better than 5% on solvency, 2% on liquidity, 68% on profitability and 73% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 13 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 17% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.8% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,632 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,625 | €9,303 | €8,382 | €305 | €305 | €463 | €321 | ▼ 30.8% |
| Other operating charges640/8 | - | - | €402 | €168 | €587 | €571 | €610 | ▲ 6.9% |
| Gross operating margin9900 | -€6,259 | €6,848 | €3,416 | -€1,614 | €8,016 | €8,367 | €7,006 | ▼ 16.3% |
| Operating profit (loss)9901 | -€16,392 | -€2,966 | -€5,369 | -€2,088 | €7,124 | €7,333 | €6,076 | ▼ 17.1% |
| Financial income75/76B | - | - | €6 | €7 | €433 | €7 | €0 | ▼ 99.7% |
| Recurring financial income75 | €39 | €0 | €6 | €7 | €433 | €7 | €0 | ▼ 99.7% |
| Financial charges65/66B | - | - | €307 | €200 | €110 | €256 | €131 | ▼ 49.0% |
| Recurring financial charges65 | €407 | €333 | €307 | €200 | €110 | €256 | €131 | ▼ 49.0% |
| Profit (loss) for the period before taxes9903 | -€16,760 | -€3,299 | -€5,670 | -€2,281 | €7,447 | €7,084 | €5,945 | ▼ 16.1% |
| Income taxes67/77 | €153 | €197 | €167 | €176 | €188 | €186 | €199 | ▲ 6.8% |
| Profit (loss) for the period9904 | -€16,913 | -€3,496 | -€5,837 | -€2,457 | €7,259 | €6,898 | €5,746 | ▼ 16.7% |
| Profit (loss) for the period to be appropriated9905 | -€16,913 | -€3,496 | -€5,837 | -€2,457 | €7,259 | €6,898 | €5,746 | ▼ 16.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €37,950 | €33,061 | €20,168 | €10,598 | €10,860 | €31,413 | €29,107 | ▼ 7.3% |
| Fixed assets21/28 | €18,608 | €9,305 | €923 | €618 | €313 | €1,049 | €5,360 | ▲ 411% |
| Tangible fixed assets22/27 | €18,608 | €9,305 | €923 | €618 | €313 | €1,049 | €5,360 | ▲ 411% |
| Land and buildings22 | - | - | €590 | €396 | €202 | €7 | €3,524 | ▲ 472× |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - | €1,034 | - |
| Furniture and vehicles24 | - | - | €333 | €222 | €111 | €1,041 | €801 | ▼ 23.0% |
| Current assets29/58 | €19,341 | €23,756 | €19,245 | €9,981 | €10,547 | €30,364 | €23,747 | ▼ 21.8% |
| Amounts receivable within one year40/41 | €17,783 | €19,113 | €16,416 | €8,767 | €8,685 | €21,263 | €22,165 | ▲ 4.2% |
| Trade receivables40 | - | - | €16,416 | €8,767 | €8,237 | €21,263 | €21,903 | ▲ 3.0% |
| Other amounts receivable41 | - | - | - | - | €448 | €0 | €261 | - |
| Cash at bank and in hand54/58 | €1,559 | €4,460 | €2,640 | €49 | €652 | €7,841 | €256 | ▼ 96.7% |
| Deferred charges and accrued income490/1 | - | - | €188 | €1,165 | €1,210 | €1,260 | €1,327 | ▲ 5.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €37,950 | €33,061 | €20,168 | €10,598 | €10,860 | €31,413 | €29,107 | ▼ 7.3% |
| Equity10/15 | -€19,905 | -€23,401 | -€29,238 | -€31,695 | -€24,436 | -€17,538 | -€11,791 | ▲ 32.8% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,907 | €1,907 | €1,907 | €1,907 | €1,907 | €1,907 | €1,907 | = |
| Non-distributable reserves130/1 | - | - | €1,907 | €1,907 | €1,907 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €1,907 | €1,907 | €1,907 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,907 | €1,907 | = |
| Profit (loss) carried forward14 | -€28,012 | -€31,508 | -€37,345 | -€39,802 | -€32,543 | -€25,645 | -€19,899 | ▲ 22.4% |
| Amounts payable17/49 | €57,855 | €56,462 | €49,406 | €42,293 | €35,295 | €48,951 | €40,898 | ▼ 16.5% |
| Amounts payable after more than one year17 | €15,013 | €7,217 | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €42,842 | €49,245 | €49,406 | €42,293 | €35,295 | €48,951 | €40,898 | ▼ 16.5% |
| Current portion of amounts payable after more than one year42 | - | - | €7,217 | €0 | - | - | - | - |
| Trade debts44 | €10,947 | €13,150 | €9,238 | €6,777 | €1,453 | €14,152 | €6,659 | ▼ 52.9% |
| Suppliers440/4 | - | - | €9,238 | €6,777 | €1,453 | €14,152 | €6,659 | ▼ 52.9% |
| Taxes, remuneration and social security45 | - | - | €318 | €1,726 | €188 | €473 | €12 | ▼ 97.4% |
| Taxes450/3 | - | - | €318 | €1,726 | €188 | €473 | €12 | ▼ 97.4% |
| Other amounts payable47/48 | - | - | €32,631 | €33,790 | €33,654 | €34,325 | €34,226 | ▼ 0.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,913 | -€3,496 | -€5,837 | -€2,457 | €7,259 | €6,898 | €5,746 | ▼ 16.7% |
| + Depreciation and write-downs630 | €9,625 | €9,303 | €8,382 | €305 | €305 | €463 | €321 | ▼ 30.8% |
| Operating cash flow (approximation) | -€7,289 | €5,807 | €2,545 | -€2,152 | €7,564 | €7,361 | €6,067 | ▼ 17.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€1,199 | -€4,631 | ▼ 286% |
| Change in cash | - | €2,902 | -€1,820 | -€2,591 | €603 | €7,190 | -€7,585 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 12-03-2026 | 2026-00056694 |
| 30-09-2024 | micro format | 15-04-2025 | 2025-00072907 |
| 30-09-2023 | micro format | 24-04-2024 | 2024-00068338 |
| 30-09-2022 | micro format | 20-04-2023 | 2023-00067006 |
| 30-09-2021 | micro format | 19-04-2022 | 2022-20006758 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12700324 |
| 30-09-2019 | micro format | 27-04-2020 | 2020-10000406 |
| 30-09-2018 | micro format | 18-03-2019 | 2019-07600577 |
| 30-09-2017 | micro format | 29-03-2018 | 2018-08700145 |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-08800224 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VANCOILLIE Frank |
|
| VERSCHAETSE Nina |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
22-09
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Registered-office move, Stormestraat 41 bus 4.1 te 8790 Waregem
- General meeting, 02-09-2026
21-02
Gazette deed
Resignations: VANCOILLIE Frank (manager) and VERSCHAETSE Nina (manager)Appointments: VANCOILLIE Frank (director) and VERSCHAETSE Nina (director) · Purpose change · Amendment of the articles13 facts ▸
- Other provision, “kennisname omstandig verslag bestuursorgaan”, 22-11-2023 (deed in Dutch)
- Purpose change
- Amendment of the articles (2 times)
- Capital conversion, EUR, “eigen vermogensrekening "niet-opgevraagde inbrengen"” (deed in Dutch)
- Director resignation, VANCOILLIE Frank (manager)
- Director resignation, VERSCHAETSE Nina (manager)
- Director discharge, VANCOILLIE Frank
- Director discharge, VERSCHAETSE Nina
- Director appointment, VANCOILLIE Frank (director)
- Director appointment, VERSCHAETSE Nina (director)
- Registered office clause, “Vlaams Gewest, Veen 7,8710 Wielsbeke” (deed in Dutch)
- Power of attorney
- +1 further fact in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34040C1086/00S000 | Flanders | 402 m² | 1 · 232 m² | 13.0 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Uitlenen van kunstwerken; Beheer en exploitatie van multifunctionele centra en evenementenhallen, overwegend ten behoeve van de scheppende…” (deed in Dutch)
46 activities (deed in Dutch)
- Uitlenen van kunstwerken;
- Beheer en exploitatie van multifunctionele centra en evenementenhallen, overwegend ten behoeve van de scheppende en uitvoerende kunst;
- Promotie en organisatie van uitvoerende kunst,
- Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten;
- Organisatie van congressen en beurzen;
- Callcenters;
- Fotokopiëren, documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren;
- Diverse administratieve activiteiten ten behoeve van kantoren;
- Andere vormen van arbeidsbemiddeling;
- Arbeidsbemiddeling;
- Vertalers en tolken;
- Activiteiten van interieurdecorateurs;
- Onderzoek naar de omvang van de markt voor bepaalde producten, de ontvangst en de bekendheid van producten en koopgewoonten, met het oog op verkoopsbevordering en ontwikkeling van nieuwe producten;
- Concipiëren van reclametechnieken die ernaar streven de individuele consument te benaderen (direkt marketing) door middel van geadresseerde reclame (direkt mailing), telefonische koopvoorstellen,…;
- Ontwerpen van publicitaire teksten en slogans;
- Ontwerpen en voeren van reclame- en promotiecampagnes voor derden via de verschillende media;
- Overige adviesbureaus op het gebied van bedrijfsbeheer adviesbureaus op het gebied van bedrijfsvoering;
- Verlenen van advies en praktische hulp aan de bedrijven ivm public relations en communicatie;
- Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen;
- Overige dienstverlenende activiteiten op het gebied van informatie, n.e.g.;
- Opslag van gegevens door middel van een computerrecord in een bepaald formaat;
- Permanent beheren van en werken met de gegevensverwerkende apparatuur van derden;
- Al dan niet permanent verwerken van gegevens met behulp van eigen programma of een programma van de klant: - invoeren van gegevens – volledige verwerking van gegevens;
- Activiteiten van vervoersmakelaars
- Overige vervoersondersteunende activiteiten, diensten in verband met luchtvaart;
- Diensten in verband met vervoer over water;
- Diensten in verband met vervoer te land;
- Verhuur van personenauto’s met chauffeur;
- Kleinhandel in hedendaagse kunst, nieuwe schilderijen reproducties, kaders, lijsten, enz.;
- Hotels en dergelijke accommodatie;
- Vakantieverblijven en andere accommodatie voor kort verblijf: Jeugdherbergen en jeugdverblijfcentra, vakantieparken, gites, vakantiewoningen en -appartementen, gastenkamers, vakantieverblijven en andere accommodatie voor kort verblijf, n.e.g. en overgie accommodatie;
- Verhuur en exploitatie van eigen of geleasd onroerend goed;
- Reisbureaus en reisorganisatoren;
- Reserveringsbureaus en aanverwante activiteiten;
- Reiniging;
- Lager onderwijs;
- Ontwerpen en programmeren van computerprogramma's, computerconsultancy-activiteiten en aanverwante activiteiten;
- Gegevensverwerking, webhosting en aanverwante activiteiten; webportalen;
- Overige dienstverlenende activiteiten op het gebied van informatie;
- Bemiddeling in onroerend goed;
- Beheer van onroerend goed voor een vast bedrag of op contractbasis;
- Architecten, ingenieurs en aanverwante technische adviseurs;
- Gespecialiseerde designers;
- Overige gespecialiseerde wetenschappelijke en technische activiteiten, n.e.g.;
- Zakelijke dienstverlening, n.e.g.;
- Instellingen met huisvesting voor ouderen en voor personen met een lichamelijke handicap.
- Name clauseThe name the company operates under according to its articles.
- B-logic
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Zetel binnen België verplaatsen, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “11, algemene vergadering bepaalt aantal,duur opdracht en bij meerdere bevoegdheid” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “20, 5” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of February at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment ontbonden door beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, 25” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “26, bij ontbinding om welke reden en op welk ogenblik ook” (deed in Dutch)