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LOGAN COLINET

Active
Private limited companyfounded 20215 yrs activeRue de Cousolre 75, 6560 Erquelinnes, BelgiumKBO/BCE: BE 0764.551.228
Summary

LOGAN COLINET has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,810 and a net result of €36,415. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 16718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency69▼-29
Growth78=
Track record94
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 3.59 in 2024; short-term debt: 55.7% and cash: 57.6% of total assets), and 55.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · 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
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
44.3%
Return on assets
42.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 28-04-2026, 94 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
94 d early
2024
35 d early
2023
22 d late
2021
35 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

On 2 March 2021, LOGAN COLINET was incorporated as a Private limited company.1 Total assets went from EUR 29,993 in 2021 to EUR 85,360 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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

Financials · fiscal year 2025, micro schema

Equity
€37,810▼ 50.3%
2024 · €76,046
Total assets
€85,360▼ 18.4%
2024 · €104,550
Net result
€36,415▲ 34.5%
2024 · €27,082
Working capital
€22,196▼ 60.9%
2024 · €56,745
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202320242025
Operating result€21,447-€53,491-€36,530▼ 31.7%€47,786▲ 30.8%
Net result€15,221below the sector's middle half-€41,143within the sector's middle half-€27,082within the sector's middle half▼ 34.2%€36,415within the sector's middle half▲ 34.5%
Equity€19,221below the sector's middle half-€76,044within the sector's middle half-€76,046within the sector's middle half=€37,810within the sector's middle half▼ 50.3%
Total assets€29,993below the sector's middle half-€119,054below the sector's middle half-€104,550below the sector's middle half▼ 12.2%€85,360below the sector's middle half▼ 18.4%
Debt€10,772-€43,010-€28,504▼ 33.7%€47,550▲ 66.8%
Working capital€19,221-€58,045-€56,745▼ 2.2%€22,196▼ 60.9%
Solvency64.1%within the sector's middle half-63.9%within the sector's middle half-72.7%within the sector's middle half▲ 8.9pp44.3%within the sector's middle half▼ 28.4pp
above within below the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2021: €21,447€21,447Net result 2021: €15,221€15,221Operating result 2023: €53,491€53,491Net result 2023: €41,143€41,143Operating result 2024: €36,530€36,530Net result 2024: €27,082€27,082Operating result 2025: €47,786€47,786Net result 2025: €36,415€36,4152021202320242025€0€20,000€40,000€60,000Operating result 2023: €53,491€53,500Net result 2023: €41,143€41,100Operating result 2024: €36,530€36,500Net result 2024: €27,082€27,100Operating result 2025: €47,786€47,800Net result 2025: €36,415€36,400202320242025
The operating result recovers in 2025; 2025 is 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85,360
Fixed assets €15,614 ▼ 39.7%
Current assets €69,746 ▼ 11.3%
Equity and liabilities €85,360
Equity €37,810 ▼ 50.3%
Debt €47,550 ▲ 66.8%
Debt's share of the balance-sheet total rises from 27.3% to 55.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€58,081▲
2024 · €46,824
Cash flow
€46,710▲
2024 · €37,377
Current ratio
1.47▼
2024 · 3.59
Debt to equity
1.26▲
2024 · 0.37
ROE
96.3%▲
2024 · 35.6%
ROA
42.7%▲
2024 · 25.9%
Interest coverage
82.15▼
2024 · 233.15
Debt ≤ 1 year
€47,550▲
2024 · €21,896
Income taxes
€10,664▲
2024 · €9,247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€104,550€85,360▼
Fixed assets21/28€25,909€15,614▼
Tangible fixed assets22/27€25,909€15,614▼
Furniture and vehicles24€25,909€15,614▼
Current assets29/58€78,641€69,746▼
Amounts receivable within one year40/41€17,046€18,448▲
Other amounts receivable41€17,046€18,448▲
Cash at bank and in hand54/58€59,149€49,126▼
Deferred charges and accrued income490/1€2,446€2,172▼
Equity and liabilities
Total equity and liabilities10/49€104,550€85,360▼
Equity10/15€76,046€37,810▼
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14€72,046€33,810▼
Amounts payable17/49€28,504€47,550▲
Amounts payable after more than one year17€6,608-
Financial debts170/4€6,608-
Amounts payable within one year42/48€21,896€47,550▲
Current portion of amounts payable after more than one year42€11,596€6,608▼
Trade debts44€1,121€1,862▲
Suppliers440/4€1,121€1,862▲
Taxes, remuneration and social security45€9,180€8,127▼
Taxes450/3€9,180€8,127▼
Other amounts payable47/48-€30,953
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,295€10,295=
Other operating charges640/8€678€698▲
Gross operating margin9900€47,502€58,779▲
Operating profit (loss)9901€36,530€47,786▲
Financial charges65/66B€201€707▲
Recurring financial charges65€201€707▲
Profit (loss) for the period before taxes9903€36,329€47,079▲
Income taxes67/77€9,247€10,664▲
Profit (loss) for the period9904€27,082€36,415▲
Profit (loss) for the period to be appropriated9905€27,082€36,415▲
Appropriation of the result
Profit (loss) to be appropriated9906€99,128€108,461▲
Profit (loss) brought forward from the previous period14P€72,046€72,046=
Profit to be distributed694/7€27,082€74,651▲
Return on contributions (dividend)694€27,082€74,651▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€10,059€10,295€10,295=
Other operating charges640/8€348€908€678€698▲ 3.0%
Gross operating margin9900€21,794€64,458€47,502€58,779▲ 23.7%
Operating profit (loss)9901€21,447€53,491€36,530€47,786▲ 30.8%
Financial charges65/66B€854€267€201€707▲ 252%
Recurring financial charges65€854€267€201€707▲ 252%
Profit (loss) for the period before taxes9903€20,592€53,224€36,329€47,079▲ 29.6%
Income taxes67/77€5,372€12,081€9,247€10,664▲ 15.3%
Profit (loss) for the period9904€15,221€41,143€27,082€36,415▲ 34.5%
Profit (loss) for the period to be appropriated9905€15,221€41,143€27,082€36,415▲ 34.5%
Line2021202320242025Change
Assets
Total assets20/58€29,993€119,054€104,550€85,360▼ 18.4%
Fixed assets21/28-€36,203€25,909€15,614▼ 39.7%
Tangible fixed assets22/27-€36,203€25,909€15,614▼ 39.7%
Furniture and vehicles24-€36,203€25,909€15,614▼ 39.7%
Current assets29/58€29,993€82,851€78,641€69,746▼ 11.3%
Amounts receivable within one year40/41€8,959€7,528€17,046€18,448▲ 8.2%
Trade receivables40€8,959----
Other amounts receivable41-€7,528€17,046€18,448▲ 8.2%
Cash at bank and in hand54/58€20,578€74,229€59,149€49,126▼ 16.9%
Deferred charges and accrued income490/1€455€1,094€2,446€2,172▼ 11.2%
Equity and liabilities
Total equity and liabilities10/49€29,993€119,054€104,550€85,360▼ 18.4%
Equity10/15€19,221€76,044€76,046€37,810▼ 50.3%
Contributions10/11€4,000€4,000€4,000€4,000=
Profit (loss) carried forward14€15,221€72,044€72,046€33,810▼ 53.1%
Amounts payable17/49€10,772€43,010€28,504€47,550▲ 66.8%
Amounts payable after more than one year17-€18,204€6,608--
Financial debts170/4-€18,204€6,608--
Amounts payable within one year42/48€10,772€24,806€21,896€47,550▲ 117%
Current portion of amounts payable after more than one year42-€11,636€11,596€6,608▼ 43.0%
Trade debts44€697€1,423€1,121€1,862▲ 66.2%
Suppliers440/4€697€1,423€1,121€1,862▲ 66.2%
Taxes, remuneration and social security45€8,970€11,747€9,180€8,127▼ 11.5%
Taxes450/3€6,470€11,747€9,180€8,127▼ 11.5%
Remuneration and social security454/9€2,500----
Other amounts payable47/48€1,106--€30,953-
Line2021202320242025Change
Profit (loss) for the period9904€15,221€41,143€27,082€36,415▲ 34.5%
+ Depreciation and write-downs630-€10,059€10,295€10,295=
Operating cash flow (approximation)€15,221€51,202€37,377€46,710▲ 25.0%
Investment in fixed assets (approximation)---€1-€0▲ 50.0%
Change in cash---€15,080-€10,023▲ 33.5%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial Highest result since 2021net €41,143 ▲170%
Operating result €53,491, net result €41,143, both a record.
2022
04-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 35 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Erquelinnes · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,109 m²
Building footprint
23 m²
Volume, LiDAR
76 m³
Parcel 56007A0325/00F000, Wallonia · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue de Cousolre 75, 6560 Erquelinnes
Human health activities
since 20212.314.448.704
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56007A0325/00F000 Wallonia 1,109 m² 1 · 23 m² 8.4 m · 1 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

Of 12,699 companies in sector 86951 we hold annual accounts for 2,146. 1,949 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded02-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
Contact
E-mail logan.colinet@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0764551228
Also 9925:BE0764551228
Registered 13-03-2026

Register as of 27 September 2026 · Peppol Directory

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