Logal
ActiveSummary
Logal has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €607k and a net result of €157k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 80% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+2
Solvency92▲+6
Growth77=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.75 against 2.31 in 2024; short-term debt: 22.9% and cash: 18.9% of total assets), and 32.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.4%
Return on assets
17.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-03-2026, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
130 d early
2024
135 d early
2023
111 d early
2022
131 d early
2021
130 d early
2020
131 d early
2019
130 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.11M▲ 3.0%
2022 · €1.08M
2018: €598klowest in 6 years
2019: €816k▲ +36.6% vs 2018
2020: €849k▲ +4.0% vs 2019
2021: €962k▲ +13.4% vs 2020
2022: €1.08M▲ +12.3% vs 2021
2023: €1.11M▲ +3.0% vs 2022highest in 6 years
2018 → 2023
EBIT margin
9.2%▼ 0.3pp
2022 · 9.4%
2018: 3.8%lowest in 6 years
2019: 7.8%▲ +104% vs 2018
2020: 13.2%▲ +69.8% vs 2019highest in 6 years
2021: 12.9%▼ -2.1% vs 2020
2022: 9.4%▼ -27.0% vs 2021
2023: 9.2%▼ -2.9% vs 2022
2018 → 2023
Net result
€157k▲ 17.0%
2024 · €134k
2018: €13klowest in 8 years
2019: €45k▲ +247% vs 2018
2020: €81k▲ +78.1% vs 2019
2021: €101k▲ +25.1% vs 2020
2022: €78k▼ -23.3% vs 2021
2023: €73k▼ -5.8% vs 2022
2024: €134k▲ +83.3% vs 2023
2025: €157k▲ +17.0% vs 2024highest in 8 years
2018 → 2025
Working capital
€361k▲ 24.8%
2024 · €289k
2018: €39klowest in 8 years
2019: €67k▲ +71.8% vs 2018
2020: €132k▲ +95.7% vs 2019
2021: €181k▲ +37.4% vs 2020
2022: €217k▲ +19.7% vs 2021
2023: €250k▲ +15.2% vs 2022
2024: €289k▲ +15.9% vs 2023
2025: €361k▲ +24.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€962k-€1.08M▲ 12.3%€1.11M▲ 3.0%
2021: €962klowest in 3 years
2022: €1.08M▲ +12.3% vs 2021
2023: €1.11M▲ +3.0% vs 2022highest in 3 years
Equity€305k-€368k▲ 20.6%€421k▲ 14.5%€505k▲ 20.0%€607k▲ 20.0%
2021: €305klowest in 5 years
2022: €368k▲ +20.6% vs 2021
2023: €421k▲ +14.5% vs 2022
2024: €505k▲ +20.0% vs 2023
2025: €607k▲ +20.0% vs 2024highest in 5 years
Operating result€124k-€102k▼ 18.0%€102k=€179k▲ 75.7%€216k▲ 20.2%
2021: €124k
2022: €102k▼ -18.0% vs 2021lowest in 5 years
2023: €102k● +0.0% vs 2022
2024: €179k▲ +75.7% vs 2023
2025: €216k▲ +20.2% vs 2024highest in 5 years
Net result€101k-€78k▼ 23.3%€73k▼ 5.8%€134k▲ 83.3%€157k▲ 17.0%
2021: €101k
2022: €78k▼ -23.3% vs 2021
2023: €73k▼ -5.8% vs 2022lowest in 5 years
2024: €134k▲ +83.3% vs 2023
2025: €157k▲ +17.0% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €900k
Fixed assets
€333k ▲ 5.5%
Current assets
€567k ▲ 11.1%
Equity and liabilities €900k
Equity
€607k ▲ 20.0%
Debt
€294k ▼ 8.5%
Debt's share of the balance-sheet total falls from 38.8% to 32.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€258k▲
2024 · €217k
Cash flow
€199k▲
2024 · €172k
Current ratio
2.75▲
2024 · 2.31
Quick ratio
2.38▲
2024 · 2.00
Debt to equity
0.48▼
2024 · 0.64
ROE
25.9%▼
2024 · 26.6%
ROA
17.5%▲
2024 · 16.3%
Interest coverage
41.26▼
2024 · 44.30
Debt ≤ 1 year
€206k▼
2024 · €221k
Debt > 1 year
€88k▼
2024 · €100k
Income taxes
€54k▲
2024 · €41k
Staff costs
€232k▲
2024 · €208k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€826k€900k▲
Fixed assets21/28€316k€333k▲
Intangible fixed assets21€2k€2k=
Tangible fixed assets22/27€313k€331k▲
Land and buildings22€23k€22k▼
Plant, machinery and equipment23€277k€299k▲
Furniture and vehicles24€11k€9k▼
Assets under construction and advance payments27€2k-
Current assets29/58€511k€567k▲
Stocks and contracts in progress3€68k€77k▲
Stocks30/36€68k€77k▲
Amounts receivable within one year40/41€214k€216k▲
Trade receivables40€214k€216k▲
Current investments50/53€50k€100k▲
Cash at bank and in hand54/58€172k€170k▼
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€826k€900k▲
Equity10/15€505k€607k▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€57k€97k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€50k€90k▲
Profit (loss) carried forward14€384k€445k▲
Amounts payable17/49€321k€294k▼
Amounts payable after more than one year17€100k€88k▼
Financial debts170/4€100k€88k▼
Amounts payable within one year42/48€221k€206k▼
Current portion of amounts payable after more than one year42€13k€13k▼
Trade debts44€107k€71k▼
Suppliers440/4€107k€71k▼
Taxes, remuneration and social security45€51k€66k▲
Taxes450/3€15k€16k▲
Remuneration and social security454/9€36k€50k▲
Other amounts payable47/48€50k€56k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€208k€232k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€42k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€428k€493k▲
Operating profit (loss)9901€179k€216k▲
Financial income75/76B€672€2k▲
Recurring financial income75€672€2k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€175k€212k▲
Income taxes67/77€41k€54k▲
Profit (loss) for the period9904€134k€157k▲
Profit (loss) for the period to be appropriated9905€134k€157k▲
Appropriation of the result
Profit (loss) to be appropriated9906€464k€541k▲
Profit (loss) brought forward from the previous period14P€330k€384k▲
Transfer to equity691/2€30k€40k▲
To other reserves6921€30k€40k▲
Profit to be distributed694/7€50k€56k▲
Return on contributions (dividend)694€35k€56k▲
Directors or managers695€15k-
Social balance
Average headcount (FTE)90873.34.3▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €962k | €1.08M | €1.11M | - | - | - |
| Non-recurring operating income76A | - | €460 | €7k | - | €3k | - |
| Goods, raw materials, services and sundry goods60/61 | - | €822k | €828k | - | - | - |
| Remuneration, social security and pensions62 | - | €158k | €203k | €208k | €232k | ▲ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €42k | €44k | €38k | €42k | ▲ 11.7% |
| Other operating charges640/8 | - | €2k | €3k | €2k | €3k | ▲ 9.0% |
| Gross operating margin9900 | €286k | €304k | €351k | €428k | €493k | ▲ 15.1% |
| Operating profit (loss)9901 | €124k | €102k | €102k | €179k | €216k | ▲ 20.2% |
| Financial income75/76B | - | €698 | €619 | €672 | €2k | ▲ 225% |
| Recurring financial income75 | €311 | €698 | €619 | €672 | €2k | ▲ 225% |
| Financial charges65/66B | - | €6k | €5k | €5k | €6k | ▲ 27.5% |
| Recurring financial charges65 | €6k | €6k | €5k | €5k | €6k | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €119k | €97k | €98k | €175k | €212k | ▲ 20.8% |
| Income taxes67/77 | €17k | €19k | €24k | €41k | €54k | ▲ 33.4% |
| Profit (loss) for the period9904 | €101k | €78k | €73k | €134k | €157k | ▲ 17.0% |
| Profit (loss) for the period to be appropriated9905 | €101k | €78k | €73k | €134k | €157k | ▲ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €548k | €605k | €679k | €826k | €900k | ▲ 9.0% |
| Fixed assets21/28 | €246k | €277k | €285k | €316k | €333k | ▲ 5.5% |
| Intangible fixed assets21 | €2k | €2k | €2k | €2k | €2k | = |
| Tangible fixed assets22/27 | €243k | €275k | €283k | €313k | €331k | ▲ 5.6% |
| Land and buildings22 | - | €24k | €23k | €23k | €22k | ▼ 1.8% |
| Plant, machinery and equipment23 | - | €233k | €253k | €277k | €299k | ▲ 7.9% |
| Furniture and vehicles24 | - | €18k | €7k | €11k | €9k | ▼ 14.9% |
| Assets under construction and advance payments27 | - | - | - | €2k | - | - |
| Current assets29/58 | €302k | €328k | €394k | €511k | €567k | ▲ 11.1% |
| Stocks and contracts in progress3 | €51k | €59k | €74k | €68k | €77k | ▲ 13.0% |
| Stocks30/36 | - | €59k | €74k | €68k | €77k | ▲ 13.0% |
| Amounts receivable within one year40/41 | €141k | €145k | €162k | €214k | €216k | ▲ 1.1% |
| Trade receivables40 | - | €144k | €157k | €214k | €216k | ▲ 1.1% |
| Other amounts receivable41 | - | €564 | €6k | - | - | - |
| Current investments50/53 | - | - | - | €50k | €100k | ▲ 100% |
| Cash at bank and in hand54/58 | €108k | €122k | €156k | €172k | €170k | ▼ 1.2% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €6k | €3k | ▼ 43.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €548k | €605k | €679k | €826k | €900k | ▲ 9.0% |
| Equity10/15 | €305k | €368k | €421k | €505k | €607k | ▲ 20.0% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Capital10 | - | €65k | €65k | €65k | €65k | = |
| Issued capital100 | - | €65k | €65k | €65k | €65k | = |
| Reserves13 | €7k | €7k | €27k | €57k | €97k | ▲ 70.8% |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | - | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | - | €20k | €50k | €90k | ▲ 80.0% |
| Profit (loss) carried forward14 | €234k | €296k | €330k | €384k | €445k | ▲ 15.9% |
| Amounts payable17/49 | €243k | €238k | €258k | €321k | €294k | ▼ 8.5% |
| Amounts payable after more than one year17 | €122k | €126k | €113k | €100k | €88k | ▼ 11.9% |
| Financial debts170/4 | - | €126k | €113k | €100k | €88k | ▼ 11.9% |
| Amounts payable within one year42/48 | €121k | €111k | €144k | €221k | €206k | ▼ 6.9% |
| Current portion of amounts payable after more than one year42 | - | €17k | €13k | €13k | €13k | ▼ 4.8% |
| Trade debts44 | €48k | €35k | €82k | €107k | €71k | ▼ 33.4% |
| Suppliers440/4 | - | €35k | €82k | €107k | €71k | ▼ 33.4% |
| Taxes, remuneration and social security45 | - | €45k | €29k | €51k | €66k | ▲ 29.8% |
| Taxes450/3 | - | €14k | €10k | €15k | €16k | ▲ 9.9% |
| Remuneration and social security454/9 | - | €31k | €19k | €36k | €50k | ▲ 37.7% |
| Other amounts payable47/48 | - | €15k | €20k | €50k | €56k | ▲ 11.8% |
| Accrued charges and deferred income492/3 | - | - | €805 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101k | €78k | €73k | €134k | €157k | ▲ 17.0% |
| + Depreciation and write-downs630 | €24k | €42k | €44k | €38k | €42k | ▲ 11.7% |
| Operating cash flow (approximation) | €125k | €120k | €117k | €172k | €199k | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | €-74k | €-52k | €-68k | €-60k | ▲ 12.7% |
| Change in cash | - | €14k | €34k | €16k | €-2k | ▼ 113% |
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
Next filing, fiscal year 2026, expected by
2026
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €157k ▲17%
Operating result €216k, net result €157k, both a record.
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500kEq €505k ▲20%
7 profitable years in a row build equity to €505k.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €204k ▲66%
3 profitable years in a row build equity to €204k.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €100kEq €123k ▲58%
2 profitable years in a row build equity to €123k.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-04
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Leuze-en-Hainaut · 1 establishment unit since 1971
Ground area
1,318 m²
Building footprint
78 m²
Volume, LiDAR
698 m³
Parcel 57048A0630/00X002, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chemin du Vieux Pont(l) 54, 7900 Leuze-en-Hainaut
since 19712.005.858.545
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57048A0630/00X002 | Wallonia | 1,318 m² | 1 · 78 m² | 10.5 m · 3 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.
Similar companies · same sector, comparable size
SCHRAUWEN trading en engineering
BE 0424.799.919
Turnhout · Eq €607k
K2A Consulting
BE 0807.711.872
Schaarbeek · Eq €605k
G041T
BE 0472.291.119
Zoersel · Eq €609k
PAMAR
BE 0414.706.672
Deerlijk · Eq €612k
DEDUCO EUROPE
BE 0472.692.975
Kortrijk · Eq €614k
Of 3,225 companies in sector 47400 we hold annual accounts for 1,807. 1,046 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
Founded01-04-1971
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.