Summary
LOG'IRIS has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €39.4m and a net result of €7,067. Equity is growing by about 6.5% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.5% (low).
Financials · financial year 2023, full format, 2025 accounts filed, figures not processed yet
Turnover
€9.9m▲ 9.9%
2022 · €9.0m
EBIT margin
-3.5%▼ 0.7pp
2022 · -2.9%
Net result
€7,067▼ 93.9%
2022 · €116,681
Working capital
€5.3m▼ 26.1%
2022 · €7.2m
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €350,068 in 2023 against €258,884 in 2022; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€9.9m
2023
Operating result-€0.4m
2023
Net result€0.007m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€100.7m
2023
Equity€39.4m
2023
Debt€59.2m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5.3m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-3.5%
2023
Return on assets (ROA)0.0%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency39.1%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.04
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)68.9
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€8.5m-€8.6m▲ 1.8%€8.6m▲ 0.3%€8.7m▲ 0.5%€9.0m▲ 3.3%€9.9m▲ 9.9%
Operating result€1.4m-€0.8m▼ 47.8%-€0.6m-€0.3m▲ 50.4%-€0.3m▲ 18.0%-€0.4m▼ 35.2%
Net result€1.4m-€1.0m▼ 31.3%-€0.4mbelow the sector's middle half€0.04mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 193%€0.007mwithin the sector's middle half▼ 93.9%
EBIT margin17.0%-8.7%▼ 8.3pp-7.4%▼ 16.1pp-3.6%▲ 3.7pp-2.9%▲ 0.7pp-3.5%▼ 0.7pp
Equity€26.4m-€27.9m▲ 5.6%€29.5mabove the sector's middle half▲ 5.8%€29.3mabove the sector's middle half▼ 0.5%€33.7mabove the sector's middle half▲ 14.9%€39.4mabove the sector's middle half▲ 16.8%
Total assets€80.8m-€83.2m▲ 2.9%€84.5mabove the sector's middle half▲ 1.6%€83.0mabove the sector's middle half▼ 1.8%€86.3mabove the sector's middle half▲ 4.0%€100.7mabove the sector's middle half▲ 16.8%
Debt€50.2m-€51.5m▲ 2.6%€51.3m▼ 0.3%€49.8m▼ 2.8%€49.4m▼ 1.0%€59.2m▲ 20.0%
Working capital€8.4m-€8.2m▼ 2.0%€7.9mabove the sector's middle half▼ 4.2%€7.3mabove the sector's middle half▼ 7.7%€7.2mabove the sector's middle half▼ 1.0%€5.3mabove the sector's middle half▼ 26.1%
Solvency32.7%-33.5%▲ 0.9pp34.9%within the sector's middle half▲ 1.4pp35.3%within the sector's middle half▲ 0.4pp39.0%within the sector's middle half▲ 3.7pp39.1%within the sector's middle half=
Current ratio2.73-2.70▼ 0.032.57within the sector's middle half▼ 0.132.48within the sector's middle half▼ 0.092.52within the sector's middle half▲ 0.042.04within the sector's middle half▼ 0.49
Return on assets (ROA)1.8%-1.2%▼ 0.6pp-0.5%below the sector's middle half▼ 1.7pp0.0%below the sector's middle half▲ 0.5pp0.1%within the sector's middle half▲ 0.1pp0.0%below the sector's middle half▼ 0.1pp
Staff (FTE)59.7-63.7▲ 6.7%69.2above the sector's middle half▲ 8.6%67above the sector's middle half▼ 3.2%65.3above the sector's middle half▼ 2.5%68.9above the sector's middle half▲ 5.5%
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy 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.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €100.7m
Fixed assets
€90.3m ▲ 21.4%
Current assets
€10.5m ▼ 12.3%
Equity and liabilities €100.7m
Equity
€39.4m ▲ 16.8%
Provisions
€2.1m ▼ 33.5%
Debt
€59.2m ▲ 20.0%
Debt's share of the balance-sheet total rises from 57.2% to 58.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.9m▼
2022 · €3.1m
Cash flow
€3.3m▼
2022 · €3.5m
Debt to equity
1.51▲
2022 · 1.47
ROE
0.0%▼
2022 · 0.3%
Interest coverage
4.52▼
2022 · 5.39
Debt ≤ 1 year
€5.1m▲
2022 · €4.7m
Debt > 1 year
€54.1m▲
2022 · €44.6m
Staff costs
€4.2m▲
2022 · €3.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €10.9m | €11.4m | €12.3m | ▲ 8.2% |
| Turnover70 | €8.5m | €8.6m | €8.6m | €8.7m | €9.0m | €9.9m | ▲ 9.9% |
| Other operating income74 | - | - | - | €2.2m | €2.4m | €2.3m | ▼ 4.7% |
| Non-recurring operating income76A | - | - | - | €0.001m | €0.04m | €0.2m | ▲ 435% |
| Operating charges60/66A | - | - | - | €11.2m | €11.7m | €12.7m | ▲ 8.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.3m | €0.5m | €0.5m | ▲ 1.5% |
| Purchases600/8 | - | - | - | €0.3m | €0.5m | €0.5m | ▲ 1.5% |
| Services and other goods61 | - | - | - | €3.1m | €3.8m | €4.6m | ▲ 23.3% |
| Remuneration, social security and pensions62 | - | - | - | €3.4m | €3.5m | €4.2m | ▲ 18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.5m | €2.9m | €3.1m | €3.3m | €3.3m | €3.3m | ▼ 2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.07m | €0.01m | €0.01m | ▲ 6.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€0.6m | -€1.0m | ▼ 86.3% |
| Other operating charges640/8 | - | - | - | €0.9m | €1.1m | €1.1m | ▲ 3.7% |
| Non-recurring operating charges66A | - | - | - | €0.1m | €0.006m | €0.04m | ▲ 559% |
| Operating profit (loss)9901 | €1.4m | €0.8m | -€0.6m | -€0.3m | -€0.3m | -€0.4m | ▼ 35.2% |
| Financial income75/76B | - | - | - | €0.9m | €0.9m | €1.0m | ▲ 5.5% |
| Recurring financial income75 | €0.6m | €0.8m | €0.8m | €0.9m | €0.9m | €1.0m | ▲ 5.5% |
| Income from current assets751 | - | - | - | €0.2m | €0.2m | €0.2m | ▲ 25.2% |
| Other financial income752/9 | - | - | - | €0.7m | €0.7m | €0.7m | ▲ 0.4% |
| Financial charges65/66B | - | - | - | €0.6m | €0.6m | €0.6m | ▲ 11.8% |
| Recurring financial charges65 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 11.8% |
| Debt charges650 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 12.0% |
| Other financial charges652/9 | - | - | - | €0.004m | €0.004m | €0.004m | ▼ 7.0% |
| Profit (loss) for the period before taxes9903 | €1.5m | €1.0m | -€0.4m | €0.001m | €0.08m | -€0.03m | - |
| Transfer from deferred taxes780 | - | - | - | €0.04m | €0.04m | €0.04m | = |
| Income taxes67/77 | €0.04m | €0.02m | - | - | - | - | - |
| Profit (loss) for the period9904 | €1.4m | €1.0m | -€0.4m | €0.04m | €0.1m | €0.007m | ▼ 93.9% |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €1.0m | -€0.4m | €0.04m | €0.1m | €0.007m | ▼ 93.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €80.8m | €83.2m | €84.5m | €83.0m | €86.3m | €100.7m | ▲ 16.8% |
| Fixed assets21/28 | €67.6m | €70.1m | €71.6m | €70.8m | €74.3m | €90.3m | ▲ 21.4% |
| Intangible fixed assets21 | €0.001m | €26 | €0.001m | €0.001m | - | - | - |
| Tangible fixed assets22/27 | €67.6m | €70.1m | €71.6m | €70.8m | €74.3m | €90.3m | ▲ 21.4% |
| Land and buildings22 | - | - | - | €64.4m | €61.4m | €58.1m | ▼ 5.2% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.001m | ▼ 38.2% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.06m | €0.04m | ▼ 26.3% |
| Assets under construction and advance payments27 | - | - | - | €6.4m | €12.9m | €32.1m | ▲ 148% |
| Current assets29/58 | €13.2m | €13.1m | €12.9m | €12.2m | €11.9m | €10.5m | ▼ 12.3% |
| Amounts receivable within one year40/41 | €1.6m | €2.6m | €3.3m | €2.1m | €3.0m | €4.2m | ▲ 42.5% |
| Trade receivables40 | - | - | - | €0.1m | €0.2m | €0.4m | ▲ 80.5% |
| Other amounts receivable41 | - | - | - | €1.9m | €2.7m | €3.8m | ▲ 39.2% |
| Current investments50/53 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Other investments51/53 | - | - | - | €0.004m | €0.004m | €0.004m | = |
| Cash at bank and in hand54/58 | €11.6m | €10.4m | €9.3m | €9.9m | €8.8m | €6.0m | ▼ 31.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.3m | ▲ 30.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €80.8m | €83.2m | €84.5m | €83.0m | €86.3m | €100.7m | ▲ 16.8% |
| Equity10/15 | €26.4m | €27.9m | €29.5m | €29.3m | €33.7m | €39.4m | ▲ 16.8% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Uncalled capital101 | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Reserves13 | €10.6m | €11.6m | €11.2m | €11.3m | €11.4m | €11.4m | ▲ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €1.9m | €1.9m | €1.9m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | €1.9m | €1.9m | €1.9m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | - | €9.2m | €9.4m | €9.4m | ▲ 0.1% |
| Profit (loss) carried forward14 | €1.3m | - | - | - | - | - | - |
| Investment grants15 | - | - | - | €17.9m | €22.2m | €27.8m | ▲ 25.6% |
| Provisions and deferred taxes16 | €4.3m | €3.8m | €3.7m | €3.8m | €3.2m | €2.1m | ▼ 33.5% |
| Provisions for liabilities and charges160/5 | - | - | - | €3.0m | €2.5m | €1.4m | ▼ 41.8% |
| Taxes161 | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Major repairs and maintenance162 | - | - | - | €2.8m | €2.2m | €1.2m | ▼ 46.8% |
| Deferred taxes168 | - | - | - | €0.8m | €0.7m | €0.7m | ▼ 5.3% |
| Amounts payable17/49 | €50.2m | €51.5m | €51.3m | €49.8m | €49.4m | €59.2m | ▲ 20.0% |
| Amounts payable after more than one year17 | €45.3m | €46.6m | €46.2m | €44.9m | €44.6m | €54.1m | ▲ 21.3% |
| Financial debts170/4 | - | - | - | €44.8m | €44.5m | €54.0m | ▲ 21.4% |
| Credit institutions173 | - | - | - | €44.8m | €44.5m | €54.0m | ▲ 21.4% |
| Other amounts payable178/9 | - | - | - | €0.1m | €0.1m | €0.1m | ▼ 11.9% |
| Amounts payable within one year42/48 | €4.9m | €4.8m | €5.0m | €4.9m | €4.7m | €5.1m | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2.1m | €2.1m | €2.4m | ▲ 12.1% |
| Trade debts44 | €0.9m | €1.0m | €0.8m | €1.3m | €1.3m | €1.1m | ▼ 12.6% |
| Suppliers440/4 | - | - | - | €1.3m | €1.3m | €1.1m | ▼ 12.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.3m | €0.3m | ▼ 5.8% |
| Taxes450/3 | - | - | - | €0.07m | €0.002m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.3m | €0.3m | ▼ 5.2% |
| Other amounts payable47/48 | - | - | - | €1.1m | €1.0m | €1.4m | ▲ 32.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €1.0m | -€0.4m | €0.04m | €0.1m | €0.007m | ▼ 93.9% |
| + Depreciation and write-downs630 | €2.5m | €2.9m | €3.1m | €3.3m | €3.3m | €3.3m | ▼ 2.9% |
| Operating cash flow (approximation) | €3.9m | €3.9m | €2.7m | €3.4m | €3.5m | €3.3m | ▼ 6.0% |
| Investment in fixed assets (approximation) | - | -€5.4m | -€4.6m | -€2.5m | -€6.9m | -€19.2m | ▼ 179% |
| Change in cash | - | -€1.2m | -€1.1m | €0.5m | -€1.1m | -€2.8m | ▼ 160% |
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 49 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 17-06-2026 | 2026-00178762 |
| 31-12-2024 | full format | 19-09-2025 | 2025-00499337 |
| 31-12-2023 | full format | 04-10-2024 | 2024-00498621 |
| 31-12-2022 | full format | 15-12-2023 | 2023-00530199 |
| 31-12-2021 | full format | 10-11-2022 | 2022-20521572 |
| 31-12-2020 | full format | 16-12-2021 | 2021-80500360 |
| 31-12-2019 | full format | 09-09-2020 | 2020-52400109 |
| 31-12-2018 | full format | 02-08-2019 | 2019-44100326 |
| 31-12-2017 | full format | 15-06-2018 | 2018-19300190 |
| 31-12-2016 | full format | 01-07-2017 | 2017-27600417 |
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Of the 82,290 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,868. 2,431 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.