LOGAR GROUP

Active

Private limited companyfounded 2023active for 2 yearsKBO/BCE: BE 1001.873.804

Summary

The computed 12-month bankruptcy probability of LOGAR GROUP is 4.0% (moderate). The 2025 annual accounts show negative equity (-€32,252) and a net result of €1,164. Its solvency ranks better than 5% of 3,281 sector peers (NACE 95, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Risk analysisFollow Report Compare

LOGAR GROUPActiveChecked score 48/100

Risk analysis Report Compare

Activity

Washing and cleaning of motor vehicles

NACE 95316

1 site

Size

≈ €89,000turnover 2025, estimated

Staff: 4.6 FTE
Equity: -€32,252
Profit: €1,164

Turnover estimated from the gross margin

Financial health

48 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 4.0%

Structure

CHIRAI GheorgheDirector

2025 accounts 59 days early

Why 48raises riskEx-officio strike-off in the KBOFounded in 2023lowers riskFigures for financial year 2025 (filed 04-06-2026)Liquidity: current ratio 0.19, cash €2,321Show the evidence

Checked score

Score 2025

48 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 33% of its sector peers (NACE 95, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0=

equity -430.9% of total assets

Liquidity 39-11

short-term debt 530.9% · cash 31.0%

Profitability 76+76

return on assets 15.5%

Bankruptcy probability, 12 months

4.0% Moderate

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (5,126 companies, NACE 95, micro)

Last 24 months 12-2024: 1.8%lowest value 01-2025: 1.9%▲ +0.1 percentage points vs 12-2024 02-2025: 2.2%▲ +0.3 percentage points vs 01-2025 03-2025: 2.3%▲ +0.1 percentage points vs 02-2025 04-2025: 2.6%▲ +0.3 percentage points vs 03-2025 05-2025: 2.6%● unchanged vs 04-2025 06-2025: 2.8%▲ +0.2 percentage points vs 05-2025 07-2025: 2.9%▲ +0.1 percentage points vs 06-2025 08-2025: 2.8%▼ -0.1 percentage points vs 07-2025 09-2025: 2.8%● unchanged vs 08-2025 10-2025: 2.1%▼ -0.7 percentage points vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.1%● unchanged vs 03-2026 05-2026: 2.1%● unchanged vs 04-2026 06-2026: 2.1%● unchanged vs 05-2026 07-2026: 2.0%▼ -0.1 percentage points vs 06-2026 08-2026: 2.2%▲ +0.2 percentage points vs 07-2026 09-2026: 4.0%▲ +1.8 percentage points vs 08-2026highest value 10-2026: 4.0%● unchanged vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.19, below 1; short-term debt: 530.9% and cash: 31% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro): better than 6% on solvency, 31% on liquidity, 56% on profitability and 41% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises riskneutral

Ex-officio strike-off in the KBO

KBO publications

Founded in 2023

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Figures for financial year 2025 (filed 04-06-2026)

NBB · annual accounts

Liquidity: current ratio 0.19, cash €2,321

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 3281 sector peers (2025).

NBB · sector comparison

Position among 3281 sector peers

Solvency

better than 5%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

59 days early

2024

61 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 1 day after the deadline; the sector median (NACE 95) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Address struck

Searched, nothing found (1)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

24-08-2026 Address struckKammerstraat 4 9000 L’adresse du…
26-06-2026 Resignation: Quraishi Ahmad Fawad (director)Appointment: Chirai Gheorghe (director) ·…
02-06-2026 Annual accounts filedfinancial year 2025 · micro…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€32,252 View
Caution: Among the weakest 5% on solvencysector median 37.9% · 3,281 companies -430.9% View
Caution: Board changedlatest change 01-04-2026 · 1 in office 1 joined · 1 left View

By topic

Financials

Financial year: 2025
Total assets: €7,485
Profit: €1,164
Solvency: -430.9%

Total assets▲ 252×

Net result

20242025

Go to Financials

Board & ownership

Board: 1 member

CHIRAI GheorgheDirector

Go to Board & ownership

Network & group

Connected companies: 3

Go to Network & group

Timeline

Events: 6
Since: 2023
Next accounts: by 31-07-2027

31-12-2025Back to profit
30-09-2025Annual accounts filed
06-11-2023Incorporation

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Washing and cleaning of motor vehiclesNACE 95316
Founded: 02-11-2023
Year ends: 31-12
Peppol: Not found in the Peppol directory

Go to Company details

Articles of association

Provisions read: 24

Who signs: Each director alone
Annual meeting: First Tuesday of May at 18:00
Purpose: “De uitbating van een carwash; Takeldiensten; Transport van goederen; Exploitatie van…” (deed in Dutch)
Statutory auditor: No statutory auditor

Go to Articles of association

Key facts about LOGAR GROUP

What is the company number of LOGAR GROUP?: 1001.873.804. In Belgium the VAT number is the company number with BE in front: BE 1001.873.804.
What does LOGAR GROUP do?: According to the KBO register, the main activity is washing and cleaning of motor vehicles (NACE 95316).
What is the legal form of LOGAR GROUP?: Private limited company (BV).
When was LOGAR GROUP founded?: On 02-11-2023.
Is LOGAR GROUP still active?: Yes, LOGAR GROUP is an active enterprise in the KBO register.Company details
How many employees does LOGAR GROUP have?: On average 4.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LOGAR GROUP?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is LOGAR GROUP profitable?: In financial year 2025, LOGAR GROUP made a profit of €1,164.
Where can I find the annual accounts of LOGAR GROUP?: LOGAR GROUP filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LOGAR GROUP due?: By 31-07-2027, for financial year 2026.Timeline

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Overview