LOGA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-12-2025 PDF all 37 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 26% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €133,473 | €11,632 | €122,311 | €108,785 |
| Financial fixed assets | - | - | - | €150 |
| Depreciation and write-downs of the year | €43,202 | €38,551 | €37,574 | €46,386 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €375,379 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,375 | €39,895 | €69,459 | €43,202 | €38,551 | €37,574 | €46,386 | ▲ 23.5% |
| Other operating charges640/8 | - | - | - | €12,915 | €10,702 | €14,179 | €10,679 | ▼ 24.7% |
| Gross operating margin9900 | €466,336 | €72,661 | €95,890 | €88,933 | €462,530 | €79,927 | €92,506 | ▲ 15.7% |
| Operating profit (loss)9901 | €420,334 | €15,973 | €15,910 | €32,816 | €413,278 | €28,174 | €35,441 | ▲ 25.8% |
| Financial income75/76B | - | - | - | €1 | €1,385 | €10,352 | €6,545 | ▼ 36.8% |
| Recurring financial income75 | €59 | €85 | €0 | €1 | €1,385 | €10,352 | €6,545 | ▼ 36.8% |
| Financial charges65/66B | - | - | - | €1,557 | €1,428 | €1,192 | €7,083 | ▲ 494% |
| Recurring financial charges65 | €311 | €1,243 | €1,623 | €1,557 | €1,428 | €1,192 | €7,083 | ▲ 494% |
| Profit (loss) for the period before taxes9903 | €420,082 | €14,814 | €14,287 | €31,260 | €413,235 | €37,334 | €34,904 | ▼ 6.5% |
| Transfer from deferred taxes780 | - | - | - | €5,123 | €5,123 | €5,738 | €7,708 | ▲ 34.3% |
| Transfer to deferred taxes680 | - | - | - | - | €93,845 | €0 | - | - |
| Income taxes67/77 | €9,079 | €5,928 | €8,325 | €13,211 | €14,895 | €15,471 | €16,625 | ▲ 7.5% |
| Profit (loss) for the period9904 | €299,994 | €10,867 | €10,533 | €23,172 | €309,618 | €27,602 | €25,987 | ▼ 5.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €15,369 | €15,369 | €17,215 | €23,123 | ▲ 34.3% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €281,534 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €35,720 | €15,581 | €24,248 | €38,541 | €43,452 | €44,817 | €49,109 | ▲ 9.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.4m | €1.1m | €1.3m | €1.3m | €1.3m | ▲ 0.4% |
| Fixed assets21/28 | €0.4m | €0.5m | €0.8m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 6.6% |
| Tangible fixed assets22/27 | €0.4m | €0.5m | €0.8m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 6.6% |
| Land and buildings22 | - | - | - | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 6.6% |
| Plant, machinery and equipment23 | - | - | - | €465 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.001m | €0.001m | €232 | ▼ 63.3% |
| Financial fixed assets28 | - | - | - | - | - | - | €150 | - |
| Current assets29/58 | €0.7m | €0.7m | €0.6m | €0.2m | €0.5m | €0.3m | €0.3m | ▼ 17.3% |
| Amounts receivable within one year40/41 | €0.001m | €0.005m | €0.3m | €0.003m | €0.003m | €0.003m | €405 | ▼ 87.9% |
| Trade receivables40 | - | - | - | - | - | - | €293 | - |
| Other amounts receivable41 | - | - | - | €0.003m | €0.003m | €0.003m | €112 | ▼ 96.7% |
| Current investments50/53 | €34 | €34 | €34 | €34 | €0.4m | €0.3m | €0.2m | ▼ 12.0% |
| Cash at bank and in hand54/58 | €0.7m | €0.7m | €0.3m | €0.2m | €0.1m | €0.08m | €0.05m | ▼ 32.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.002m | €0.001m | €0.002m | ▲ 67.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.4m | €1.1m | €1.3m | €1.3m | €1.3m | ▲ 0.4% |
| Equity10/15 | €0.9m | €0.9m | €0.6m | €0.6m | €0.9m | €0.9m | €0.8m | ▼ 2.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.03m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.9m | €0.9m | €0.6m | €0.6m | €0.9m | €0.8m | €0.8m | ▼ 2.7% |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.5m | €0.5m | €0.5m | ▼ 4.7% |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.09m | €0.08m | €0.2m | €0.2m | €0.2m | ▼ 4.7% |
| Deferred taxes168 | - | - | - | €0.08m | €0.2m | €0.2m | €0.2m | ▼ 4.7% |
| Amounts payable17/49 | €0.02m | €0.1m | €0.7m | €0.4m | €0.3m | €0.3m | €0.3m | ▲ 14.3% |
| Amounts payable after more than one year17 | €0.002m | €0.07m | €0.4m | €0.4m | €0.2m | €0.2m | €0.2m | ▼ 10.9% |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 21.1% |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.08m | €0.08m | €0.08m | ▲ 1.0% |
| Amounts payable within one year42/48 | €0.02m | €0.05m | €0.3m | €0.06m | €0.07m | €0.07m | €0.1m | ▲ 77.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 0.8% |
| Trade debts44 | €0.02m | - | - | €88 | €0 | €284 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €88 | €0 | €284 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.003m | €0.005m | €0 | €444 | - |
| Taxes450/3 | - | - | - | €0.003m | €0.005m | €0 | €444 | - |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.04m | €0.04m | €0.1m | ▲ 112% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.007m | €0.009m | €0.01m | ▲ 50.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €299,994 | €10,867 | €10,533 | €23,172 | €309,618 | €27,602 | €25,987 | ▼ 5.9% |
| + Depreciation and write-downs630 | €35,375 | €39,895 | €69,459 | €43,202 | €38,551 | €37,574 | €46,386 | ▲ 23.5% |
| Operating cash flow (approximation) | €335,368 | €50,762 | €79,993 | €66,374 | €348,168 | €65,176 | €72,372 | ▲ 11.0% |
| Investment in fixed assets (approximation) | - | -€144,176 | -€438,580 | -€133,473 | €32,989 | -€122,311 | -€108,935 | ▲ 10.9% |
| Change in cash | - | -€31,732 | -€396,566 | -€71,687 | -€93,547 | -€27,347 | -€25,295 | ▲ 7.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as LOGA has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOGA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 14,766 companies, not a prediction for LOGA. 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.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 31-12-2025 | 2026-00000372 | |
| 30-06-2024 | micro format | 19-12-2024 | 2024-00625618 | |
| 30-06-2023 | micro format | 10-01-2024 | 2024-00546537 | |
| 30-06-2022 | micro format | 31-12-2022 | 2023-20553508 | |
| 30-06-2021 | micro format | 30-12-2021 | 2021-82300037 | |
| 30-06-2020 | micro format | 28-12-2020 | 2020-77200198 | |
| 30-06-2019 | micro format | 31-10-2019 | 2019-72400470 | |
| 30-06-2018 | micro format | 29-11-2018 | 2018-73200441 | |
| 30-06-2017 | micro format | 27-10-2017 | 2017-68100571 | |
| 30-06-2016 | abbreviated format | 28-10-2016 | 2016-67000435 |