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B-LOGIC

Active Public limited companyfounded 2006active for 20 yearsKortrijksesteenweg 1266, 9051 GhentKBO/BCE: BE 0882.963.086
B-LOGIC
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Overview

Lifetime

19 annual accounts with figures on one time axis
peak €473,240 (2018)
€382,254▲ 7.6%
lowest -€19,203 (2023)
€138,979▼ 38.4%
peak €13.2m (2019)
€7.7m▲ 1.8%
€632,178▼ 27.5%
peak 0 FTE (2017)
-not published
Board4 names since 2012
- 
Owners
  
Documentsfilings and deeds
16-07-202615 days before the deadline
2025abbreviated format
Result from €225,653 to €138,979Debts from €871,646 to €632,178Cash from €758,633 to €1.1m

Key points

from the 2025 annual accounts

Equity

€7.7m from €13.2m in 2019

Equity fell by 42% in 6 years.

Result

€138,979 ▼ 38.4%
€226,0002024€139,0002025

The result fell in 2025 from €225,653 to €138,979.

Turnover

≈ €420,000 estimated

The accounts state no turnover.

Liquidity

6.28 was 5.00 in 2024

Short-term debts fell from €535,556 to €394,974.

Filings

19 annual accounts since 2007
AprilJune31 JulyOctober2010201520202025

Five of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.

Position in the sector

€7.7m

More equity than 95% of companies in real estate. Sector median €300,201 · 11,304 companies.

Checked score

97
Excellent
Financially stronger than 78% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 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: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.2 percentage points vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

100=equity 92.4% of total assets
67+6short-term debt 4.7% · cash 13.4%
71-1return on assets 1.7%

Score breakdown

lowers risk
Size: total assets €8.3m
Figures for financial year 2025 (filed on 16-07-2026)
Liquidity: current ratio 6.28, cash €1.1m
Equity €7.7m (92.4% of total assets)
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 68, small). It does better than 92% of them on solvency, 92% on liquidity, 74% on profitability and 53% 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, 1,887 companies had the same profile as B-LOGIC has now. Each dot stands for 5 companies, two years later.

97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of B-LOGIC itself: < 0.1% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,887 companies, not a prediction for B-LOGIC. 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 €700,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 6.28 (5.0 in 2024), above the usual 1.5. Short-term debt is 4.7% and cash 13.4% of total assets. 7.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Size: total assets €8.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 16-07-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 6.28, cash €1.1m
NBB · annual accounts
lowers risk · Equity €7.7m (92.4% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
11 days late
2023
16 days early
2022
31 days late
2021
31 days late
2020
31 days late
2019
4 days early
← 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 10 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 11 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PB
Patrick Bauwens
Managing director
  • Patrick Bauwens 3,450 sharesdeed of 05-11-2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0882963086
Environmental permit granted Bouwen of herbouwen, Nieuwbouw of aanleggen · Oudenaarde
Environmental permit refused Verwijderen van vrijstaande gebouwen · Gent
Resignation: Laurence Bontemps (director) Patrick Bauwens holds 3,450 shares · General meeting of 22-10-2020 · Gazette deed
All 42 events

Comparable companies

same main activity, similar in size and age
Company
B-LOGIC Ghent €8.3m €382,254 92.4% -
YELLOW ROSE Aalst €9.9m €367,356 59.6% -
CERGELIS Oudsbergen €7.7m €440,471 63.1% 1
MICHIELS H SERVICES Heist-op-den-Berg €6.8m €408,304 87.5% 0.5
BLUEBRIDGE INCUBATIE- EN INNOVATIECENTRUM Ostend €8.6m €452,198 72.5% 2
BELENUS Antwerp €8.3m €320,025 46.8% -
FAMILY JD Bastogne €7.3m €466,307 9.7% -

These companies have the same main activity as B-LOGIC: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €6.8m and €9.9m, founded between 2003 and 2008.

Official details

Source: KBO
Status
Active since 13-07-2006Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 3 others
Establishment unit
2.231.437.6869051 Ghent, since 10-08-2006
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€382,254▲ 7.6%
€138,979▼ 38.4%
€7.7m▲ 1.8%
€8.3m▼ 1.2%
Filing
Filed on 16-07-2026, 15 days before the end of the filing period
Financials

Insights on B-LOGIC

B-LOGIC files the abbreviated format. That format states no turnover. The gross margin rose from €294,231 in 2007 to €382,254 in 2025.

The balance sheet grew most from 2013 to 2015 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 16-07-2026, 15 days before the deadline
€382,254
▲ 7.6%
€138,880
▼ 5.2%
€344,404
▲ 7.6%
€344,503
▼ 13.7%
92.4%
▲ 2.8 percentage points
6.28
▲ 1.28

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €420,000. Estimated: probably between €400,000 and €530,000.

Amounts without an identifiable currency are taken as euros.

Balance sheet

balance sheet total €8.3m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

Compare with sector

92.4%

Higher than 92% of 11,299 companies in 2025.

6.28

Higher than 86% of 10,851 companies in 2025.

1.7%

Higher than 56% of 11,184 companies in 2025.

B-LOGIC Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 8.3m8.4m7.5m7.5m7.3m7.3m13.3m12.6m11.2m10.4m10.7m8.5m6.9m6.2m5.6m5.1m5.2m5.0m4.8m
20 -----0000----------
21/28 5.8m5.7m5.2m3.6m3.6m3.8m9.3m8.9m8.6m8.5m8.9m7.5m6.5m4.8m4.8m4.9m4.9m4.5m4.6m
21 -----0000----------
22/27 5.8m5.7m5.2m3.6m3.6m3.8m5.7m5.4m5.1m5.0m5.4m4.0m3.1m1.4m1.5m1.5m1.6m1.2m1.3m
22 5.8m5.7m5.2m3.6m3.6m3.8m5.7m5.4m5.1m5.0m5.4m4.0m3.1m1.4m1.5m1.5m1.6m1.2m1.3m
23 1,4872,9754,4625,950-0000----------
24 04,8477,2709,693-0000----------
26 -----0000----------
27 -----0000----------
28 -----03.5m3.5m3.5m3.5m3.5m3.5m3.4m3.4m3.4m3.4m3.3m3.3m3.3m
29/58 2.5m2.7m2.2m3.9m3.7m3.5m4.0m3.7m2.5m1.9m1.8m1.1m452,3791.4m751,261206,150311,587456,636268,747
290 -----0000----------
291 -----0000----------
3 -----0000----------
30/36 -----0000----------
37 -----0000----------
40/41 230,753786,2711.0m318,8011.7m307,9041.7m1.2m1.5m1.5m1.5m25,813109,08299,28842,15340,07339,65766,131222,367
40 79,25771,50870,85058,8471,99319,83618,7526,89636,30047,60711,246-83,26972,600-8,867-40,288108,900
41 151,496714,763967,929259,9541.7m288,0681.7m1.1m1.4m1.4m1.5m25,81325,81326,68842,15331,20639,65725,844113,467
50/53 1.1m1.1m950,3761.0m1.0m1.0m1.0m618,64348,357124,671103,156354,608177,998777,431544,917120,015230,083257,94845,960
54/58 1.1m758,633231,0452.6m962,9812.2m1.3m1.9m995,832298,024141,000678,172165,299545,187164,19146,06341,847132,557420
490/1 4,83927,69610,46915,28910,5599,8075,84300----6,017-----
Balance sheet: equity and liabilities
10/49 8.3m8.4m7.5m7.5m7.3m7.3m13.3m12.6m11.2m10.4m10.7m8.5m6.9m6.2m5.6m5.1m5.2m5.0m4.8m
10/15 7.7m7.5m7.3m7.3m7.2m7.1m13.2m12.5m10.9m10.1m9.2m7.6m5.5m4.6m4.7m4.0m4.3m3.9m3.6m
10/11 809,330809,330809,330809,330809,330809,3301.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m2.5m2.5m3.5m3.5m3.5m
10 809,330809,330809,330809,330809,330--------------
100 809,330809,330809,330809,330809,330809,3301.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m2.5m2.5m3.5m3.5m3.5m
101 -----0000----------
11 -----0000----------
1100/10 -----0000----------
1109/19 -----0-------------
12 -----0000----------
13 6.9m6.7m6.5m6.5m6.4m6.3m11.7m11.0m9.4m8.6m7.7m6.1m4.0m3.1m2.2m860,334825,890477,2576,324
130/1 80,93380,93380,93380,93380,93380,933-------------
130 80,93380,93380,93380,93380,93380,933150,000150,000150,000150,000150,000150,000150,000150,00089,48989,48955,04532,6136,324
1311 -----0-------------
1312 ------000----------
1313 -----0-------------
1319 -----0000----------
132 -----0000----------
133 6.8m6.6m6.4m6.4m6.3m6.2m11.6m10.9m9.3m8.4m7.6m6.0m3.9m3.0m2.1m770,846770,846444,644-
14 -----0000------654,437--120,159
15 10,59611,15411,443--0000----------
16 3,5323,7183,814----------------
160/5 -----0000----------
160 -----0000----------
161 -----0000----------
162 -----0000----------
163 -----0000----------
164/5 -----0000----------
168 3,5323,7183,814--0000----------
17/49 632,178871,646141,378225,116105,542207,54381,869109,382237,810356,1521.5m875,6231.4m1.6m888,9611.1m915,1381.0m1.3m
17 237,204336,091---------119,397239,019344,019449,619550,985648,285741,684831,337
170/4 237,204336,091---------119,397239,019344,019449,619550,985648,285741,684831,337
175 -----0000----------
176 -----0000----------
178/9 -----0000----------
42/48 394,974535,556141,378221,11685,242207,54372,119109,382230,153356,1521.5m756,2261.1m1.2m439,342529,291266,852307,416433,067
42 98,88695,078---0000-109,633114,609105,000114,062101,36697,30193,39889,65386,057
43 ----------749,000-250,000------
430/8 -----0000-499,000-250,000------
439 -----0000-250,000--------
44 8,953223,8422,542126,2287234,4641196,8846,35423,76648,0164,621113,8612,7884,7322424115,3951,171
440/4 8,953223,8422,542126,2287234,4641196,8846,35423,76648,0164,621113,8612,7884,7322424115,3951,171
441 -----0000----------
46 72,00072,00072,00072,00074,64472,00072,00072,00072,000---------72,000
45 53,61851,23611,82221,5228,5482,508-30,49863,94041,996-11,60830,71037,63017,50524,746-39,22823,839
450/3 53,61851,23611,82221,5228,5482,508030,49863,94041,996-11,60830,71037,63017,50524,746-39,22823,839
454/9 -----0000----------
47/48 161,51693,40155,0141,3661,326128,5710087,859290,389555,528625,388631,0121.1m315,739407,003173,043173,140250,000
492/3 --04,00020,30009,75007,656----------
Income statement
70 --------0----------
76A -----00238,40122,95647,958-77,861-------
9900 382,254355,345310,706275,238218,210213,634232,179473,240280,903328,610244,765262,955304,180327,166238,205266,740270,181284,528294,231
60/61 --------0----------
62 -----0000----------
630 205,524173,513356,908130,514100,419174,865138,887194,865104,15597,698111,383127,19959,50952,41952,41952,41952,41952,419211,346
631/4 -----0000----------
635/8 -----0000----------
640/8 37,85135,26325,17823,49223,54221,43520,53518,61219,02118,03421,59217,31621,67312,34011,25411,17610,9888,98911,659
649 -----0000----------
66A -----0000----------
9901 138,880146,570-71,379121,23294,24917,33472,757259,763157,727212,878111,790118,440222,998262,407174,532203,145206,774223,12071,225
75/76B 65,297172,06957,51195,72226,109664,1841.4m1.6m778,565747,7671.5m2.0m803,901754,310611,430588,121340,382416,473114,003
75 65,297172,06957,51195,72226,109664,1841.4m1.6m778,565747,7671.5m2.0m803,901754,310611,430588,121340,382416,473114,003
76B -----0000----------
65/66B 19,60827,4884,93829,7302,283-627-42,15053,24012,99225,41635,08848,76742,43127,12068,24442,05035,48942,68853,806
65 19,60827,4884,93829,7302,283-627-42,15053,24012,99225,41635,08848,76742,43127,12068,24442,05035,48942,68853,806
66B -----0000----------
9903 184,568291,151-18,806187,223118,074682,1451.5m1.8m923,300935,2281.6m2.2m984,468989,597717,718749,215511,668596,905131,423
780 18696-----------------
67/77 45,77565,59439734,77127,7114,11456,45799,57368,54878,01045,58468,10665,14969,84633,71260,33563,03571,1314,939
9904 138,979225,653-19,203152,45290,364678,0311.4m1.7m854,751857,2191.6m2.1m919,319919,751684,006688,881448,633525,774126,483
789 -----0000----------
689 -----0000----------
9905 138,979225,653-19,203152,45290,364678,0311.4m1.7m854,751857,2191.6m2.1m919,319919,751684,006688,881448,633525,774126,483
Appropriation of the result
9906 138,979225,653-19,203152,45290,364678,0311.4m1.7m854,751857,2191.6m2.1m919,319919,7511.3m688,881448,633570,933126,483
791/2 -019,203--428,571000----------
691/2 138,979225,6530152,45290,364678,031712,5521.6m854,751857,2191.6m2.1m919,319919,7511.3m34,444348,633470,9336,324
691 -----0000----------
6920 -----0000----60,511-34,44422,43226,2896,324
6921 138,979225,6530152,45290,364678,031712,5521.6m854,751857,2191.6m2.1m919,319859,2391.3m-326,201444,644-
694/7 -----428,571714,28686,000--------100,000100,000-
694 -----428,571714,28686,0000-------100,000100,000-
695 -----0000----------
696 -----0000----------
Social balance sheet
9087 ------000----------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 16-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 16-07-2026 2026-00314182 PDF
31-12-2024 micro format 11-08-2025 2025-00378174 PDF
31-12-2023 micro format 15-07-2024 2024-00259889 PDF
31-12-2022 micro format 31-08-2023 2023-00428430 PDF
31-12-2021 abbreviated format 31-08-2022 2022-20410411 PDF
31-12-2020 abbreviated format 31-08-2021 2021-63800051 PDF
31-12-2019 abbreviated format 27-07-2020 2020-34400451 PDF
31-12-2018 abbreviated format 23-07-2019 2019-37000502 PDF
31-12-2017 abbreviated format 05-07-2018 2018-29000021 PDF
31-12-2016 abbreviated format 31-08-2017 2017-56100512 PDF
31-12-2015 abbreviated format 29-06-2016 2016-24700388 PDF
31-12-2014 abbreviated format 28-08-2015 2015-51900365 PDF
31-12-2013 abbreviated format 11-09-2014 2014-58300581 PDF
31-12-2012 abbreviated format 13-08-2013 2013-42200027 PDF
31-12-2011 abbreviated format 02-11-2012 2012-63000374 PDF
31-12-2010 abbreviated format 31-08-2011 2011-51600005 PDF
31-12-2009 abbreviated format 30-08-2010 2010-50000023 PDF
31-12-2008 abbreviated format 26-08-2009 2009-64400146 PDF
31-12-2007 abbreviated format 29-09-2008 2008-76000199 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
344,404320,082285,529251,746194,668192,199211,644454,628261,882310,577223,173245,639282,507314,826226,951255,564259,193275,539282,572
344,503399,166337,705282,966190,783852,8961.6m1.9m958,906954,9171.7m2.2m978,828972,170736,425741,300501,052578,193337,829
306,117682,4152.0m166,69315,438577,039476,3811.2m386,082103,0301.5m1.5m1.7m0-061,875412,13904.8m
354,005527,588-2.3m1.6m-1.2m851,627-624,208929,840697,808157,024-537,171512,873-379,889380,996118,1284,215-90,709132,136-
2.1m2.1m2.1m3.7m3.6m3.3m4.0m3.6m2.3m1.5m324,282302,367-678,204178,488311,919-323,14144,734149,220-164,320
92.4%89.6%98.1%97.0%98.5%97.2%99.4%99.1%97.9%96.6%86.3%89.7%80.2%74.3%84.1%78.8%82.4%78.9%73.9%
6.285.0015.7817.7543.2716.8356.1233.8210.925.321.221.400.401.141.710.391.171.490.62
0.080.120.020.030.010.030.010.010.020.040.160.110.250.350.190.270.210.270.35
1.8%3.0%-0.3%2.1%1.3%9.6%10.8%13.4%7.8%8.5%17.0%27.5%16.6%19.9%14.6%17.2%10.5%13.4%3.5%
1.7%2.7%-0.3%2.0%1.2%9.3%10.7%13.3%7.7%8.2%14.7%24.7%13.3%14.8%12.2%13.5%8.6%10.6%2.6%
17.5611.6457.828.4785.26--------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€306,117€682,415€2.0m€166,693€15,438
€205,524€173,513€356,908€130,514€100,419

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on B-LOGIC

The operating result for 2025 is 5% lower than in 2024.

Debt's share of the balance-sheet total falls from 10.4% to 7.6%. Equity is higher and debt is lower.

Large changes and their cause
  • 2021 Net result -87% on 2020. Partial demerger to BELLISSIMMO, Official Gazette 11-09-2020, in the previous financial year. That operation now counts for a full year for the first time. Partial demerger to UNIFIRE, Official Gazette 11-09-2020, in the previous financial year. That operation now counts for a full year for the first time.

Board & ownership

Board

1 office holder, last change in 2020
Patrick Bauwens
Managing director
in office according to the deed of 21-01-2019
Patrick Bauwens

Office holders in the KBO →

Mandates through the years

4 names
Laurence Bontemps
Director
Cheminées et feux
Director
Patrick Bauwens
Managing director
BELLISSIMMO
Director
Earlierend not dated
Mandates as a list
  • Laurence Bontemps
    • Director, appointed by deed of 14-01-2020, until 05-11-2020
  • Cheminées et feux
    • Director, from 13-04-2012 to 01-01-2020
  • Patrick Bauwens
    • Managing director, from 13-04-2012, last mentioned in 2019
  • BELLISSIMMO
    • Director, from 13-04-2012 to 11-12-2018

See the board, name and registered office on a given date →

Control

Shareholder
Patrick Bauwens
This company
B-LOGIC
Equity €7.7m
Profit €138,979 in 2025

Capital

Capital
€809,330.49
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
BELLISSIMMO
0.43%
0.43%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 11-09-2020 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Raad kiest voorzitter uit midden, één collega,schriftelijk,bepaalde raad,lastgever geacht aanwezig”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of May at 17:00

Shareholders

Stated in the deed deed of 05-11-2020 ↗
  • Patrick Bauwens 3,450 shares
Stated in the deed deed of 09-06-2020 ↗
  • Patrick Bauwens all shares

Capital transactions

Capital over time
  1. 11-09-2020 Capital reduction of €255,064.91 · to €1,244,935.09 · in a demerger
  2. 11-09-2020 Capital reduction of €435,604.60 · to €809,330.49 · in a demerger

Network & group

Holdings

own 2019 accounts, the bar shows equity in euros
This companyB-LOGIC5 holdings, 1 country 2019 accounts

Belgium 5 Equity Result

  • BE Fero96% €2.9m result €571,561
  • BE Flexinox98.67% €1.7m result €562,309
  • BE Unifire98.7% €1.0m result €403,863
  • BE Fero Service99% €642,661 result €254,773
  • BE Stoveplanet98.7% €131,094 result €34,535

Source: list of holdings in its own 2019 accounts. Every holding stands with its own latest accounts.

The LEI register names no parent.

At the same address

Kortrijksesteenweg 1266, 9051 Ghent · 6 other companies
UNIFIRE
registered office since 31-08-2020 · founded in 2020
 1.9 FTE (2025)
0753.510.549
BELGOFIRE
registered office since 25-02-2014 · founded in 2014
 1 FTE (2025)
0546.865.808
Area Construct
registered office since 20-12-2022 · founded in 2022
 total assets €1.6m (2025)
0795.131.566
OUTDOOR CAMPUS
registered office since 16-11-2018 · founded in 2018
 2.8 FTE (2025)
0713.614.449
STOVEPLANET
registered office since 18-02-2014 · founded in 2014
 total assets €291,320 (2025)
0546.651.220
BLOC GROUP
registered office since 01-07-2021
 founded in 2021
0768.683.329

Earlier ties

Cheminées et feux
via Patrick Bauwens, no longer at Cheminées et feux · Permanent representative · deed of 21-01-2019
No longer active
 6 FTE (2019)

Holdings through the years

2007 to 2019
Holdings through the years
Name2007200820092010201120122013201420152016201720182019
UNIFIRE SERVICE 99%
BELGOFIRE 100%98.7%
STOVEPLANET 100%98.7%
FLEXINOX 99.06%98.67%
FERO 98.67%96%

Source: list of holdings in its own accounts

Board mandates elsewhere

5 board mandates
Board mandates of B-LOGICB-LOGIC sits on their board5
FERO
Managing director, Director
Founded in 1988 · 21 FTE (2025)
FLEXINOX
Director, Managing director
Founded in 1993 · 11 FTE (2025)
BELGOFIRE
Director
Founded in 2014 · 1 FTE (2025)
UNIFIRE SERVICE
Managing director
Founded in 2010 · 16 FTE (2025)
STOVEPLANET
Director
Founded in 2014 · total assets €291,320 (2025)

Acquisitions and mergers

4 transactions
Split off to:BELLISSIMMO
BE 0445.851.590partial demerger · Gazette deed of 11-09-2020 (3 deeds)
Split off to:UNIFIRE
partial demerger · Gazette deed of 11-09-2020
Split off to:UNIFIRE
BE 0753.510.549partial demerger · Gazette deed of 02-09-2020
Split off to:UNIFIRE
BE 0546.865.808partial demerger · proposal · Gazette deed of 09-06-2020 · effective 13-05-2020

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
UNIFIRE
via Patrick Bauwens · Permanent representative · deed of 21-05-2021
Founded in 2020 · 1.9 FTE (2025)
→

Timeline

Timeline

42 events since 2006

Deadline for the 2026 accounts: 31-07-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0882963086
Annual accounts 2025 filed NBBabbreviated format · 15 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 11 days late
2024
Back to profit net €225,653 The net result is €225,653, after one loss-making year.
Annual accounts 2023 filed PDFmicro format · 16 days before the deadline
2023
Weakest financial year net -€19,203 The net result drops to -€19,203, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 31 days late
Environmental permit granted OmgevingsloketBouwen of herbouwen, Nieuwbouw of aanleggen · Oudenaarde
2022
Annual accounts 2021 filed PDFabbreviated format · 31 days late
2021
Liquidity more than doubled current ratio 43.27 The current ratio rises from 16.83 to 43.27. Short-term debt falls from €207,543 to €85,242.
Annual accounts 2020 filed PDFabbreviated format · 31 days late
Environmental permit refused OmgevingsloketVerwijderen van vrijstaande gebouwen · Gent
2020
Resignation: Laurence Bontemps (director)Patrick Bauwens holds 3,450 shares · General meeting of 22-10-20203 points ▸

Open the deed in the Belgian Official Gazette

Demerger: B-LOGIC splits off to BELLISSIMMOCapital from €1,500,000 to €1,244,935.09 · Capital from €1,244,935.09 to €809,330.49 · General meeting of 28-08-20204 points ▸
  • General meeting, 28-08-2020
  • Capital decrease, €255,064.91
  • Capital, €809,330.49, 3,450 shares
  • Capital decrease, €435,604.60
  • The deed holds 14 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFabbreviated format · 4 days before the deadline
Demerger proposal: B-LOGIC splits off to UNIFIREThe company holds 740 shares of Flexinox · The company holds 740 shares of Fero · The company holds 987 shares of UNIFIRE19 points ▸
  • Accounting effect, 01-02-2020
  • The company holds 740 shares of Flexinox
  • The company holds 740 shares of Fero
  • The company holds 987 shares of UNIFIRE
  • The company holds 987 shares of Stoveplanet
  • The company holds 99 shares of Fero Service
  • The company holds 712 shares of Cheminees et Feux
  • The company holds 99 shares of Socothermic
  • Patrick Bauwens holds 3,450 shares
  • General meeting, 31-07-2020
  • The company holds 98.67% of the shares of Flexinox NV
  • The company holds 98.67% of the shares of Fero NV
  • The company holds 98.7% of the shares of Unifire NV
  • The company holds 98.7% of the shares of Stoveplanet NV
  • The company holds 99% of the shares of Fero Service NV
  • The company holds 1% of the shares of Socothermic BV
  • The company holds 5.07% of the shares of C&F BV
  • Patrick Bauwens holds 472 shares
  • Patrick Bauwens holds all the shares
  • The deed holds 22 more points.

Open the deed in the Belgian Official Gazette

1 director appointed, 1 resignationResignation: CHEMINÉES ET FEUX BVBA · Permanent representative: Patrick Bauwens · Appointment: Laurence Bontemps · General meeting of 16-12-20194 points ▸

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFabbreviated format · 8 days before the deadline
Registered office moved to Sint-Denijs-WestremNew registered office: Kortrijksesteenweg 1266, 9051 Sint-Denijs-Westrem, België · Appointment: Cheminees et Feux BVBA (director) · Permanent representative: Patrick Bauwens · General meeting of 11-12-20187 points ▸
  • General meeting, 11-12-2018
  • Director appointment, Cheminees et Feux BVBA
  • Permanent representative, Patrick Bauwens, mentioned twice in the deed
  • Director resignation, Bellissimmo CVBA
  • Board meeting, 11-12-2018
  • Director reappointment, Patrick Bauwens (managing director)
  • Registered-office move, Kortrijksesteenweg 1266, 9051 Sint-Denijs-Westrem, België

Open the deed in the Belgian Official Gazette

2018
Liquidity more than triples current ratio 33.82 The current ratio rises from 10.92 to 33.82. Short-term debt falls from €230,153 to €109,382.
Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Sint-Martens-Latem
Annual accounts 2017 filed PDFabbreviated format · 26 days before the deadline
2017
Liquidity more than doubled current ratio 10.92 The current ratio rises from 5.32 to 10.92. Short-term debt falls from €356,152 to €230,153.
Annual accounts 2016 filed PDFabbreviated format · 31 days late
2016
Liquidity more than quadruples current ratio 5.32 The current ratio rises from 1.22 to 5.32. Short-term debt falls from €1.5m to €356,152.
Equity above €10m equity €10.1m ▲9.3% Equity rises from €9.2m to €10.1m.
Annual accounts 2015 filed PDFabbreviated format · 32 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 28 days late
2014
Highest result from 2007 to 2025 net €2.1m ▲129% The net result of €2.1m is the highest of those years.
Liquidity more than triples current ratio 1.40 The current ratio rises from 0.40 to 1.40. Short-term debt falls from €1.1m to €756,226.
Annual accounts 2013 filed PDFabbreviated format · 42 days late
2013
Equity above €5m equity €5.5m ▲19.9% Equity rises from €4.6m to €5.5m.
Annual accounts 2012 filed PDFabbreviated format · 13 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 94 days late
2011
Liquidity more than quadruples current ratio 1.71 The current ratio rises from 0.39 to 1.71. Short-term debt falls from €529,291 to €439,342.
Annual accounts 2010 filed PDFabbreviated format · 31 days late
2010
Annual accounts 2009 filed PDFabbreviated format · 30 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 26 days late
2008
Liquidity more than doubled current ratio 1.49 The current ratio rises from 0.62 to 1.49. Short-term debt falls from €433,067 to €307,416.
Annual accounts 2007 filed PDFabbreviated format · 60 days late
2006
First establishment Kortrijksesteenweg 1266, Ghent
Incorporation PDFpublished on 22-08-2006

Financial milestones sit on the financial year-end date, not the filing date.

A deed published in both Dutch and French appears here once.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 13 July 2006, B-LOGIC was incorporated.1 In 2019 the registered office moved to Sint-Denijs-Westrem.2 Total assets went from €7.3m in 2020 to €8.3m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-01-2019
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0882.963.086
VAT number
BE 0882.963.086
Peppol ID
0208:0882963086
LEI code
9676005HWTYD0987DA84 live in the LEI register
Legal form
Public limited company
Status
Active, normal situation
Founded
13-07-2006
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of May at 17:00
deed of 11-09-2020 (in Dutch)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
B-LOGIC in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-09-2020 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
“Kortrijksesteenweg 1266, 9051 Gent”
deed of 11-09-2020 (in Dutch)

Activities

NACEBEL 2025
68203 Renting and operating of own or leased non-residential real estate, excluding land main activity
70200 Business and other management consultancy
82100 Office administrative and support services
82990 Other business support services
Codes under NACEBEL 2008
68203 Real estate rental main activity
70220 Business consulting
82110 Office administrative, office support and other business support activities
82990 Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het nemen van participaties in ondernemingen,zowel Belgische als buitenlandse;dit omvat onder meer kapitaalverschaffing aan bestaande of nog…”
6 activities
  1. Het nemen van participaties in ondernemingen,zowel Belgische als buitenlandse;dit omvat onder meer kapitaalverschaffing aan bestaande of nog op te richten vennootschappen;de vennootschap kan de participaties verwerven door iedere rechtsgeldige wijze van verwerving;zij kan haar participaties beheren,valoriseren en ten gelde maken;zij zal daartoe alle aan de participaties verbonden rechten,waaronder het stemrecht,uitoefenen op zodanige wijze dat de belangen van de vennootschap zo goed mogelijk worden gewaarborgd;
  2. Het verlenen van financiële,administratieve,commerciële,juridische,fiscale,technische en consultatieve bijstand aan ondernemingen waarin zij participeert,en het uitvoeren van alle hiertoe strekkende handelstransacties of financiële verrichtingen,inclusief het verlenen van voorschotten,overname van vorderingen,intekenen op obligaties,waarborgverstrekking,verlenen van managementadvies en aanverwante verrichtingen;
  3. Het voeren van de administratie,alsook het bestuur en directie van de vennootschap of ondernemingen,ongeacht het voorwerp dat deze mochten hebben,en dit zelfs in de hoedanigheid van bestuurder of vereffenaar van deze vennootschappen of ondernemingen.
  4. Zij mag alle handels-,industriële en financiële activiteiten en alle onroerend en roerend goed verrichtingen uitvoeren,die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of activiteiten die zullen bijdragen tot haar ontwikkeling,met inbegrip van het beleggen en wederbeleggen van alle beschikbare middelen,zowel in roerende als onroerende goederen,onder welke vorm ook,onder andere door het participeren door middel van fusie,inschrijving,deelname of verkrijging van financiële instrumenten in alle bestaande of nog op te richten Belgische of buitenlandse vennootschappen,en het beheer van deze roerende waarden.
  5. De vennootschap zal de leiding en de controle,in haar hoedanigheid van bestuurder,vereffenaar of anderszins,kunnen uitoefenen over,en advies verschaffen aan aanverwante ondernemingen en dochtervennootschappen.De vennootschap mag bij wijze van inbreng in geld of in natura,fusie,onderschrijving,deelneming,financiële tussenkomst of anderszins,belangen nemen in andere bestaande of op te richten vennootschappen of ondernemingen,in België of in het buitenland,waarvan het voorwerp verwant of analoog is met het hare of van aard haar voorwerp te bevorderen.
  6. Zij mag ook alle leningen toestaan of leningen door derden aan aanverwante vennootschappen toegestaan,waarborgen.
deed of 11-09-2020 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Kortrijksesteenweg 1266 registered office 9051 Ghent 10-08-2006 2.231.437.686

Buildings and parcels at the address

Ground area
3,699 m²
Buildings
769 m²
Volume, LiDAR
5,100 m³
Tallest building
17.8 m
Buildings to scale, each on its own parcel
769 m², 17.8 m 769 m², 17.8 m

Environmental permits

4 applications in Flanders since 2018 · 2 granted · 1 refused · 1 under appeal
11-12-2025 Under appeal Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verwijderen van vrijstaande gebouwen project 2025148783 Provincie Oost-Vlaanderen
26-06-2023 Granted Bouwen of herbouwen; Nieuwbouw of aanleggen submitted 04-04-2023 · project 2023034353 Oudenaarde
14-01-2021 Refused Verwijderen van vrijstaande gebouwen submitted 02-11-2020 · project 2020143555 Gent
10-08-2018 Granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 08-05-2018 · project 2018050840 Sint-Martens-Latem

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
7 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44062C0003/00P0003,699 m² 1 · 769 m² 17.8 m · 2

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