LOGAN CIRCLE
Bankruptcy closedLOGAN CIRCLE was declared bankrupt on 19-12-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 07-07-2023, published in the Belgian State Gazette on 18-07-2023.
No longer registered with the KBO since 27-08-2026; last annual accounts for fiscal year 2021.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, micro schema
Equity
€19k▼ 1.5%
2020 · €19k
2019: €15k
2020: €19k
2019 → 2021
Total assets
€28k▼ 5.2%
2020 · €29k
2019: €40k
2020: €29k
2019 → 2021
Net result
€-297
2020 · €4k
2019: €-40k
2020: €4k
2019 → 2021
Working capital
€19k▼ 1.5%
2020 · €19k
2019: €15k
2020: €19k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€15k-€19k▲ 24.0%€19k▼ 1.5%
Operating result€-40k-€4k€-251
Net result€-40k-€4k€-297
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €251 after €4k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €28k
Equity
€19k▼ 1.5%
Debt
€9k▼ 12.3%
The debt ratio falls from 34.3% to 31.8%. Equity and debt are lower.
Key figures and ratios
Solvency
68.2%▲
2020 · 65.7%
Current ratio
3.15▲
2020 · 2.91
Quick ratio
3.15▲
2020 · 2.91
Debt / equity
0.47
ROE
-1.6%▼
2020 · 19.4%
ROA
-1.1%▼
2020 · 12.7%
Debt
€9k▼
2020 · €10k
Debt ≤ 1 year
€9k▼
2020 · €10k
Staff costs
€2k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€29k€28k▼
Current assets29/58€29k€28k▼
Amounts receivable within one year40/41€22k€18k▼
Trade receivables40-€18k
Other amounts receivable41-€0
Cash at bank and in hand54/58€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€29k€28k▼
Equity10/15€19k€19k▼
Contributions10/11€64k€290k▲
Capital10-€64k
Issued capital100-€64k
Outside capital11-€226k
Share premium1100/10-€226k
Profit (loss) carried forward14€-271k€-271k▼
Amounts payable17/49€10k€9k▼
Amounts payable within one year42/48€10k€9k▼
Trade debts44€7k€6k▼
Suppliers440/4-€6k
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48-€185
Income statement
Code20202021
Remuneration, social security and pensions62-€2k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-2k
Other operating charges640/8-€11k
Non-recurring operating charges66A-€4k
Gross operating margin9900€15k€14k▼
Operating profit (loss)9901€4k€-251▼
Financial income75/76B-€50
Recurring financial income75-€50
Financial charges65/66B-€96
Recurring financial charges65€218€96▼
Profit (loss) for the period before taxes9903€4k€-297▼
Profit (loss) for the period9904€4k€-297▼
Profit (loss) for the period to be appropriated9905€4k€-297▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-271k
Profit (loss) brought forward from the previous period14P-€-271k
Timeline · acts, filings and financial milestones
2023
18-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · LOGAN CIRCLE SA BOULEVARD BISCHOFFSHEIM 39/4, 1000 BRUXELLES. déclarée le 19 décembre 2022 · event 07-07-2023
2022
23-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · LOGAN CIRCLE SA BOULEVARD BISCHOFFSHEIM 39/4, 1000 BRUXELLES · event 19-12-2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 123 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 393 days late
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 689 days late
2020
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2019
06-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 34 days late
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 33 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
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.
Ground area
808 m²
Building footprint
279 m²
Volume, LiDAR
6,467 m³
Parcel 21803C0630/00H003, Brussels · tallest building 26.6 m, ±8 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0630/00H003 | Brussels | 808 m² | 1 · 279 m² | 26.6 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY KELDER PLACE GUY D’AREZZO 18, 1180 UCCLE- |
19-12-2022 → present |
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-09-2014
Fiscal year end30-06
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.