EULOGIC
ActiveEULOGIC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354k and a net result of €3k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 48% of 1395 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-9
Solvency62▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 3.42 against 3.08 in 2024; short-term debt: 11.6% and cash: 15.5% of total assets), but 63.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.9%
Return on assets
0.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-10-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
20 d early
2023
53 d early
2022
91 d early
2021
33 d early
2020
82 d early
2019
77 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 87.4%
2024 · €26k
2019: €38k
2020: €23k
2021: €60k
2022: €40k
2023: €37k
2024: €26k
2019 → 2025
Working capital
€269k▼ 28.4%
2024 · €376k
2019: €218k
2020: €156k
2021: €176k
2022: €225k
2023: €285k
2024: €376k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€303k-€337k▲ 11.3%€372k▲ 10.1%€355k▼ 4.5%€354k▼ 0.2%
Operating result€89k-€70k▼ 20.8%€60k▼ 15.2%€56k▼ 6.1%€32k▼ 42.8%
Net result€60k-€40k▼ 34.0%€37k▼ 6.8%€26k▼ 30.5%€3k▼ 87.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €959k
Fixed assets
€579k▲ 95.1%
Current assets
€380k▼ 31.7%
Equity and liabilities €959k
Equity
€354k▼ 0.2%
Debt
€605k▲ 21.4%
The debt ratio rises from 58.4% to 63.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€102k▲
2024 · €88k
Cash flow
€73k▲
2024 · €58k
Solvency
36.9%▼
2024 · 41.6%
Current ratio
3.42▲
2024 · 3.08
Quick ratio
2.44▼
2024 · 2.57
Debt / equity
1.71▲
2024 · 1.41
ROE
0.9%▼
2024 · 7.3%
ROA
0.3%▼
2024 · 3.0%
Interest coverage
3.94▼
2024 · 4.58
Debt
€605k▲
2024 · €499k
Debt ≤ 1 year
€111k▼
2024 · €181k
Debt > 1 year
€471k▲
2024 · €303k
Income taxes
€6k▼
2024 · €15k
Staff costs
€242k▲
2024 · €217k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€853k€959k▲
Fixed assets21/28€297k€579k▲
Tangible fixed assets22/27€297k€579k▲
Land and buildings22€282k€572k▲
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€11k€6k▼
Current assets29/58€556k€380k▼
Stocks and contracts in progress3€91k€109k▲
Stocks30/36€91k€109k▲
Amounts receivable within one year40/41€244k€112k▼
Trade receivables40€244k€108k▼
Other amounts receivable41€109€4k▲
Cash at bank and in hand54/58€210k€149k▼
Deferred charges and accrued income490/1€11k€11k▼
Equity and liabilities
Total equity and liabilities10/49€853k€959k▲
Equity10/15€355k€354k▼
Contributions10/11€50k€50k=
Reserves13€273k€273k=
Distributable reserves133€273k€273k=
Profit (loss) carried forward14€99€2k▲
Investment grants15€31k€28k▼
Amounts payable17/49€499k€605k▲
Amounts payable after more than one year17€303k€471k▲
Financial debts170/4€303k€471k▲
Amounts payable within one year42/48€181k€111k▼
Trade debts44€60k€42k▼
Suppliers440/4€60k€42k▼
Taxes, remuneration and social security45€81k€69k▼
Taxes450/3€43k€31k▼
Remuneration and social security454/9€39k€38k▼
Other amounts payable47/48€40k€859▼
Accrued charges and deferred income492/3€15k€23k▲
Income statement
Code20242025
Remuneration, social security and pensions62€217k€242k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€70k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-474-
Other operating charges640/8€7k€6k▼
Gross operating margin9900€311k€350k▲
Operating profit (loss)9901€56k€32k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€19k€26k▲
Recurring financial charges65€19k€26k▲
Profit (loss) for the period before taxes9903€41k€9k▼
Income taxes67/77€15k€6k▼
Profit (loss) for the period9904€26k€3k▼
Profit (loss) for the period to be appropriated9905€26k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€3k▼
Profit (loss) brought forward from the previous period14P€99€99=
Transfer from equity791/2€40k-
Transfer to equity691/2€26k-
To other reserves6921€26k-
Profit to be distributed694/7€40k€859▼
Return on contributions (dividend)694€40k€859▼
Social balance
Average headcount (FTE)90876.75.7▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet €3k ▼87.4%
Net result drops to €3k, the lowest in the series.
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €60k ▲167%
Operating result €89k, net result €60k, both a record.
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
15-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-10-2025
Bernd LIESSEM: Resigned as Director
16-08-2023
Bernd LIESSEM: Resigned as Director
16-08-2023
LIESSEM Michael: Resigned as Director
31-03-2014
Herbert MÜLLENDER: Resigned as Managing director
31-03-2014
Josée KAULMANN: Resigned as Managing director
Location & real-estate footprint
Registered office, Welkenraedt · 2 establishment units since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de l'Usine 24840 WelkenraedtGround area
1,044 m²
Building footprint
183 m²
Volume, LiDAR
722 m³
2 parcels, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
EULOGIC
since 19952.070.514.686
EULOGIC
since 20062.157.705.810
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63084A0148/00P000 | Wallonia | 559 m² | 1 · 92 m² | - |
| 63023A0086/00V000 | Wallonia | 485 m² | 1 · 92 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Similar companies · same sector, comparable size
SINERGIO
BE 0864.993.342
Buggenhout · Eq €354k
BIZZMINDS
BE 0810.604.155
Tremelo · Eq €354k
IONOVO
BE 0806.285.972
Temse · Eq €354k
GROUPALIA FINANCES
BE 0885.852.993
Aubel · Eq €355k
CARTAMUNDI DIGITAL
BE 0888.293.534
Gent · Eq €354k
Of 16,869 companies in sector 62100 we hold annual accounts for 8,779. 5,979 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-1995
Fiscal year end31-03
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
62010Computer programming, consultancy and related activities
62100Computer programming
72220
27402Manufacture of electrical equipment
43240Other construction installation
43299Specialised construction activities
46499Wholesale of other household goods
47400Retail sale of information and communication equipment
47410Retail trade
51478
52487
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@eulogic.com
Phone:087/56.13.20
Fax:087/56.13.21