ILLOGIC

Active

Private limited companyfounded 20233 yrs activeMunsterstraat 10, 1000 Brussel, BelgiumKBO/BCE: BE 0798.573.581

Summary

The computed 12-month bankruptcy probability of ILLOGIC is 10.4% (high). The 2023 annual accounts show equity of €2,091 and a net result of -€219. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

ILLOGICActive

Risk analysis Report Compare

Checked score

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Bankruptcy probability: High

Axes, FY 2023

Profitability13

Solvency100

Growth-

Track record79

Bankruptcy probability, 12 months

10.4% High

0%0.5%1.5%4%10%≥ 25%

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2023

Age of the figures

33 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-06-2024, 34 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2023

34 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its 2023 accounts 34 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

ILLOGIC was incorporated on 17 February 2023 as a Private limited company.¹ The company has filed annual accounts once, for fiscal year 2023.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark Roughly what is this company worth?Value indication

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, micro schema

Equity

€2,091

Total assets

€2,262

Net result

-€219

Working capital

€2,091

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Equity and liabilities €2,262

92.4%

Equity €2,091

Debt €172

Debt finances 7.6% of the balance-sheet total.

Key figures and ratios

2023 value

Debt ≤ 1 year

€172

Ratios withheld: a balance sheet total of €2,262 is too small for a meaningful ratio.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2023 · 19 lines

Balance sheet Code2023

Assets

Total assets20/58€2,262

Current assets29/58€2,262

Cash at bank and in hand54/58€2,262

Equity and liabilities

Total equity and liabilities10/49€2,262

Equity10/15€2,091

Contributions10/11€2,310

Profit (loss) carried forward14-€219

Amounts payable17/49€172

Amounts payable within one year42/48€172

Taxes, remuneration and social security45€172

Taxes450/3€172

Income statement Code2023

Gross operating margin9900-€193

Operating profit (loss)9901-€193

Financial charges65/66B€26

Recurring financial charges65€26

Profit (loss) for the period before taxes9903-€219

Profit (loss) for the period9904-€219

Profit (loss) for the period to be appropriated9905-€219

Appropriation of the result

Profit (loss) to be appropriated9906-€219

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2023
Gross operating margin9900	-€193
Operating profit (loss)9901	-€193
Financial charges65/66B	€26
Recurring financial charges65	€26
Profit (loss) for the period before taxes9903	-€219
Profit (loss) for the period9904	-€219
Profit (loss) for the period to be appropriated9905	-€219

Line	2023
Assets
Total assets20/58	€2,262
Current assets29/58	€2,262
Cash at bank and in hand54/58	€2,262
Equity and liabilities
Total equity and liabilities10/49	€2,262
Equity10/15	€2,091
Contributions10/11	€2,310
Profit (loss) carried forward14	-€219
Amounts payable17/49	€172
Amounts payable within one year42/48	€172
Taxes, remuneration and social security45	€172
Taxes450/3	€172

Line	2023
Profit (loss) for the period9904	-€219
Operating cash flow (approximation)	-€219

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

1 act for this company is 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, Brussel · 1 establishment unit since 2023

seat establishment The establishment unit on the map

Ground area

127 m²

Building footprint

78 m²

Volume, LiDAR

1,082 m³

Parcel 21822R0335/00G000, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.

42 companies at this address See who is registered here

1 establishment unit

ILLOGIC

Munsterstraat 10, 1000 BrusselGeneral electrical installation work

since 20232.341.991.754

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21822R0335/00G000	Brussels	127 m²	1 · 78 m²	17.7 m · 5 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Identification & contact

Identification

Legal formPrivate limited company

Founded17-02-2023

Fiscal year end31-12

Abbreviation FR NCC

Trade name FR Nocodecenter

E-invoicing

Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.