ECO - LOGIC
Open bankruptcyA bankruptcy procedure is open for ECO - LOGIC according to publications in the Belgian State Gazette; curator: BERNARD VANHAM.
Summary
The file additionally contains 2 judicial reorganisation notices. The 2023 annual accounts show negative equity (-€1.1m) and a net result of -€358,329.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 19 September 2024
- Supervising judge
- Michel Caldana
- Official Gazette
- 25-09-2024 (pdf) ↗search the document for 2024/135957
Curator
- Bernard VanhamRue De Charleroi 2, 1400 Nivellesbv@exalaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-07-2024, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
24 d early
2022
61 d early
2021
142 d early
2020
1 d early
2019
105 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check How is the Market research and public opinion polling sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€358,329
2022 · €619,791
Working capital
-€1.0m▼ 28.9%
2022 · -€792,584
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€467,400▼ 200%-€457,019▲ 2.2%-€350,643▲ 23.3%-€503,451▼ 43.6%-€328,962▲ 34.7%
Net result-€523,284▼ 168%-€484,935▲ 7.3%-€390,801▲ 19.4%€619,791-€358,329
Equity-€470,946-€955,882▼ 103%-€1.3m▼ 40.9%-€726,892▲ 46.0%-€1.1m▼ 49.3%
Total assets€1.7m▲ 12.4%€875,324▼ 49.9%€681,541▼ 22.1%€344,590▼ 49.4%€244,753▼ 29.0%
Debt€2.2m▲ 47.7%€1.8m▼ 17.5%€2.0m▲ 10.8%€1.1m▼ 47.2%€1.3m▲ 24.1%
Working capital-€560,980▼ 2,277%-€389,969▲ 30.5%-€773,970▼ 98.5%-€792,584▼ 2.4%-€1.0m▼ 28.9%
Staff (FTE)10.5▲ 6.1%5▼ 52.4%4.9▼ 2.0%5.8▲ 18.4%5.7▼ 1.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €328,962 in 2023 against €503,451 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €244,753
Fixed assets
€134,574 ▼ 19.6%
Current assets
€110,179 ▼ 37.8%
Key figures and ratios
EBITDA
-€295,675▲
2022 · -€460,479
Cash flow
-€325,042▼
2022 · €662,763
Solvency
-443.4%▼
2022 · -210.9%
Current ratio
0.10▼
2022 · 0.18
Quick ratio
0.04▼
2022 · 0.13
Debt to equity
-1.23▲
2022 · -1.47
ROA
-146.4%▼
2022 · 179.9%
Interest coverage
-9.67▲
2022 · -18.90
Debt ≤ 1 year
€1.1m▲
2022 · €969,831
Debt > 1 year
€185,857▲
2022 · €90,117
Income taxes
€0
Staff costs
€197,752▼
2022 · €210,694
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €210,694 | €197,752 | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,591 | €59,666 | €55,400 | €42,972 | €33,287 | ▼ 22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €108,091 | - | - |
| Other operating charges640/8 | - | - | - | €16,066 | €5,090 | ▼ 68.3% |
| Non-recurring operating charges66A | - | - | - | €20,919 | - | - |
| Gross operating margin9900 | €31,140 | -€217,739 | -€96,125 | -€104,708 | -€92,833 | ▲ 11.3% |
| Operating profit (loss)9901 | -€467,400 | -€457,019 | -€350,643 | -€503,451 | -€328,962 | ▲ 34.7% |
| Financial income75/76B | - | - | - | €1.1m | €1,211 | ▼ 99.9% |
| Recurring financial income75 | €3,413 | €1,658 | €1,249 | €1,583 | €1,211 | ▼ 23.5% |
| Non-recurring financial income76B | - | - | - | €1.1m | - | - |
| Financial charges65/66B | - | - | - | €24,368 | €30,578 | ▲ 25.5% |
| Recurring financial charges65 | €59,073 | €30,575 | €41,408 | €24,368 | €30,578 | ▲ 25.5% |
| Profit (loss) for the period before taxes9903 | -€523,060 | -€484,936 | -€390,801 | €619,791 | -€358,329 | ▼ 158% |
| Income taxes67/77 | €224 | -€0 | - | - | €0 | - |
| Profit (loss) for the period9904 | -€523,284 | -€484,935 | -€390,801 | €619,791 | -€358,329 | ▼ 158% |
| Profit (loss) for the period to be appropriated9905 | -€523,284 | -€484,935 | -€390,801 | €619,791 | -€358,329 | ▼ 158% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €875,324 | €681,541 | €344,590 | €244,753 | ▼ 29.0% |
| Fixed assets21/28 | €302,757 | €283,869 | €235,231 | €167,343 | €134,574 | ▼ 19.6% |
| Intangible fixed assets21 | €220,435 | €197,706 | €170,050 | €142,394 | €115,729 | ▼ 18.7% |
| Tangible fixed assets22/27 | €82,055 | €81,695 | €60,713 | €20,481 | €14,377 | ▼ 29.8% |
| Plant, machinery and equipment23 | - | - | - | €3,331 | €570 | ▼ 82.9% |
| Furniture and vehicles24 | - | - | - | €1,811 | €285 | ▼ 84.3% |
| Other tangible fixed assets26 | - | - | - | €15,340 | €13,522 | ▼ 11.9% |
| Financial fixed assets28 | €268 | €4,468 | €4,468 | €4,468 | €4,468 | = |
| Current assets29/58 | €1.4m | €591,455 | €446,311 | €177,247 | €110,179 | ▼ 37.8% |
| Stocks and contracts in progress3 | €242,916 | €277,854 | €246,343 | €54,756 | €62,107 | ▲ 13.4% |
| Stocks30/36 | - | - | - | €54,756 | €62,107 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €1.1m | €257,069 | €175,815 | €110,005 | €46,394 | ▼ 57.8% |
| Trade receivables40 | - | - | - | €86,404 | €31,468 | ▼ 63.6% |
| Other amounts receivable41 | - | - | - | €23,602 | €14,926 | ▼ 36.8% |
| Current investments50/53 | €3,477 | €1,478 | €278 | €278 | €278 | ▼ 0.1% |
| Cash at bank and in hand54/58 | €11,758 | €12,359 | €4,035 | €12,008 | €1,400 | ▼ 88.3% |
| Deferred charges and accrued income490/1 | - | - | - | €200 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €875,324 | €681,541 | €344,590 | €244,753 | ▼ 29.0% |
| Equity10/15 | -€470,946 | -€955,882 | -€1.3m | -€726,892 | -€1.1m | ▼ 49.3% |
| Contributions10/11 | €788,585 | €788,585 | €788,585 | €788,585 | €788,585 | = |
| Capital10 | - | - | - | €788,585 | €788,585 | = |
| Issued capital100 | - | - | - | €788,585 | €788,585 | = |
| Reserves13 | €36,645 | €36,645 | €36,645 | €7,365 | €7,365 | = |
| Non-distributable reserves130/1 | - | - | - | €7,365 | €7,365 | = |
| Legal reserve130 | - | - | - | €7,365 | €7,365 | = |
| Profit (loss) carried forward14 | -€1.3m | -€1.8m | -€2.2m | -€1.5m | -€1.9m | ▼ 23.5% |
| Amounts payable17/49 | €2.2m | €1.8m | €2.0m | €1.1m | €1.3m | ▲ 24.1% |
| Amounts payable after more than one year17 | €212,724 | €849,782 | €807,944 | €90,117 | €185,857 | ▲ 106% |
| Financial debts170/4 | - | - | - | €90,117 | €185,857 | ▲ 106% |
| Amounts payable within one year42/48 | €2.0m | €981,424 | €1.2m | €969,831 | €1.1m | ▲ 16.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €78,074 | €97,949 | ▲ 25.5% |
| Financial debts43 | - | - | - | €189,365 | €27,150 | ▼ 85.7% |
| Credit institutions430/8 | - | - | - | €189,365 | €27,150 | ▼ 85.7% |
| Trade debts44 | €490,525 | €342,708 | €196,349 | €229,082 | €297,478 | ▲ 29.9% |
| Suppliers440/4 | - | - | - | €229,082 | €297,478 | ▲ 29.9% |
| Taxes, remuneration and social security45 | - | - | - | €63,783 | €22,853 | ▼ 64.2% |
| Remuneration and social security454/9 | - | - | - | €63,783 | €22,853 | ▼ 64.2% |
| Other amounts payable47/48 | - | - | - | €409,527 | €686,409 | ▲ 67.6% |
| Accrued charges and deferred income492/3 | - | - | - | €11,534 | €12,277 | ▲ 6.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€523,284 | -€484,935 | -€390,801 | €619,791 | -€358,329 | ▼ 158% |
| + Depreciation and write-downs630 | €49,591 | €59,666 | €55,400 | €42,972 | €33,287 | ▼ 22.5% |
| Operating cash flow (approximation) | -€473,693 | -€425,269 | -€335,402 | €662,763 | -€325,042 | ▼ 149% |
| Investment in fixed assets (approximation) | - | -€40,779 | -€6,761 | €24,915 | -€519 | ▼ 102% |
| Change in cash | - | €601 | -€8,324 | €7,974 | -€10,608 | ▼ 233% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
25-09
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 19-09-2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
07-02
Judicial reorganisation
Extension
Tribunal de l’entreprise du Brabant wallon · collective agreement · event 30-01-2023
2022
31-12
Financial
Back to profitnet €619,791
Net result €619,791 after 4 loss-making years.
03-10
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collective agreement · event 26-09-2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€523,284
Net result drops to -€523,284, the lowest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
20-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
12-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Nivelles · 3 establishment units since 2017
Ground area
3,564 m²
Building footprint
832 m²
Volume, LiDAR
3,962 m³
3 parcels, Brussels, Wallonia · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
3 establishment units
Eco-Logic
since 20172.273.655.056
Eco-Logic
since 20182.273.655.155
Eco-Logic
since 20212.323.322.620
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0012/00C009 | Wallonia | 2,548 m² | 1 · 571 m² | - |
| 53403E0641/00D000 | Wallonia | 752 m² | 1 · 77 m² | 15.5 m · 5 fl. |
| 21446D0004/00T002 | Brussels | 264 m² | 1 · 184 m² | 19.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERNARD VANHAM RUE DE CHARLEROI 2,
1400 NIVELLES |
19-09-2024 → present |
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Of 2,711 companies in sector 73200 we hold annual accounts for 1,781. 1,167 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-03-1975
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.