LOGCAT
ActiveFrom the official registers: KBO 23 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The annual accounts of LOGCAT for financial year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €11,229 and a net result of -€16,974. Equity has been shrinking by about 23% per year since 2018. If that trend continues, it turns negative around financial year 2026. The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
KBO- Status
- Active since 06-12-2002 Normal situation
- Legal form
- Private limited company
- Registered office
- Sacramentstraat 65, 8630 Veurne
- Activity
- “Organisatie- en raadgevend bureau inzake financiële, handels-, fiscale of sociale aangelegenheden” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.127.111.119 8630 Veurne, since 10-03-2003
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €1,400
- ▼ 14.4%
- Turnover
- ≈ €11,000
- estimated
- Loss
- €16,974
- ▲ 7.6%
- Equity
- €11,229
- ▼ 60.2%
- Total assets
- €503,919
- ▼ 4.1%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 0.08, cash €40, halvedlowers riskSize: total assets €503,919Founded in 2002Figures for financial year 2025 (filed on 06-07-2026)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 17% of them on solvency, 38% on liquidity, 14% on profitability and 8% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 3 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 06-07-2026
- Format
- micro format
- Reference
- 2026-00270222
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €23,782, larger than the loss of €22,601 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.
Companies with the same profile, two years later
Historical observationIn July 2024, 1,104 companies had the same profile as LOGCAT has now. Two years later, 1.8% had gone bankrupt and 94.3% were still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOGCAT itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,445 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 1,104 companies, not a prediction for LOGCAT. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,212 | €21,212 | €21,212 | €21,212 | €21,212 | €21,212 | €21,212 | €21,212 | = |
| Other operating charges640/8 | - | - | - | €3,327 | €3,377 | €3,115 | €3,024 | €3,970 | ▲ 31.3% |
| Gross operating margin9900 | €608 | €2,280 | €1,377 | €2,316 | €2,191 | -€240 | €1,635 | €1,400 | ▼ 14.4% |
| Operating profit (loss)9901 | -€20,709 | -€20,205 | -€22,981 | -€22,222 | -€22,398 | -€24,567 | -€22,601 | -€23,782 | ▼ 5.2% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €21 | €24 | €24 | €24 | €39 | ▲ 57.5% |
| Recurring financial charges65 | - | €8 | €21 | €21 | €24 | €24 | €24 | €39 | ▲ 57.5% |
| Profit (loss) for the period before taxes9903 | -€20,709 | -€20,213 | -€23,002 | -€22,243 | -€22,422 | -€24,591 | -€22,625 | -€23,821 | ▼ 5.3% |
| Transfer from deferred taxes780 | - | - | - | €6,847 | €6,847 | €6,847 | €6,847 | €6,847 | = |
| Profit (loss) for the period9904 | -€13,863 | -€13,366 | -€16,156 | -€15,397 | -€15,575 | -€17,745 | -€15,779 | -€16,974 | ▼ 7.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €13,296 | €13,296 | €13,296 | €13,296 | €13,296 | = |
| Profit (loss) for the period to be appropriated9905 | -€566 | -€70 | -€2,860 | -€2,101 | -€2,279 | -€4,448 | -€2,483 | -€3,678 | ▼ 48.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €652,364 | €631,188 | €609,982 | €588,753 | €567,529 | €546,345 | €525,642 | €503,919 | ▼ 4.1% |
| Fixed assets21/28 | €652,364 | €631,152 | €609,939 | €588,727 | €567,515 | €546,303 | €525,091 | €503,879 | ▼ 4.0% |
| Tangible fixed assets22/27 | €652,364 | €631,152 | €609,939 | €588,727 | €567,515 | €546,303 | €525,091 | €503,879 | ▼ 4.0% |
| Land and buildings22 | - | - | - | €588,727 | €567,515 | €546,303 | €525,091 | €503,879 | ▼ 4.0% |
| Current assets29/58 | - | €36 | €43 | €26 | €14 | €42 | €551 | €40 | ▼ 92.7% |
| Cash at bank and in hand54/58 | - | €36 | €43 | €26 | €14 | €42 | €551 | €40 | ▼ 92.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €652,364 | €631,188 | €609,982 | €588,753 | €567,529 | €546,345 | €525,642 | €503,919 | ▼ 4.1% |
| Equity10/15 | €122,221 | €108,855 | €92,699 | €77,302 | €61,727 | €43,983 | €28,204 | €11,229 | ▼ 60.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €411,081 | €397,785 | €384,489 | €371,193 | €357,896 | €344,600 | €331,304 | €318,008 | ▼ 4.0% |
| Non-distributable reserves130/1 | - | - | - | €700 | €700 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €700 | €700 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €358,999 | €345,703 | €332,407 | €319,110 | €305,814 | ▼ 4.2% |
| Distributable reserves133 | - | - | - | €11,494 | €11,494 | €12,194 | €12,194 | €12,194 | = |
| Profit (loss) carried forward14 | -€307,460 | -€307,530 | -€310,390 | -€312,490 | -€314,769 | -€319,218 | -€321,700 | -€325,378 | ▼ 1.1% |
| Provisions and deferred taxes16 | €205,396 | €198,550 | €191,703 | €184,857 | €178,010 | €171,163 | €164,317 | €157,470 | ▼ 4.2% |
| Deferred taxes168 | - | - | - | €184,857 | €178,010 | €171,163 | €164,317 | €157,470 | ▼ 4.2% |
| Amounts payable17/49 | €324,746 | €323,783 | €325,580 | €326,594 | €327,792 | €331,199 | €333,122 | €335,219 | ▲ 0.6% |
| Amounts payable after more than one year17 | - | €323,783 | €325,269 | €325,939 | €326,734 | €330,700 | €332,608 | €334,691 | ▲ 0.6% |
| Financial debts170/4 | - | - | - | €325,939 | €326,734 | €330,700 | €332,608 | €334,691 | ▲ 0.6% |
| Amounts payable within one year42/48 | €324,746 | - | €311 | €655 | €1,058 | €499 | €513 | €528 | ▲ 2.8% |
| Trade debts44 | - | - | €311 | €655 | €1,058 | €499 | €513 | €528 | ▲ 2.8% |
| Suppliers440/4 | - | - | - | €655 | €1,058 | €499 | €513 | €528 | ▲ 2.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,863 | -€13,366 | -€16,156 | -€15,397 | -€15,575 | -€17,745 | -€15,779 | -€16,974 | ▼ 7.6% |
| + Depreciation and write-downs630 | €21,212 | €21,212 | €21,212 | €21,212 | €21,212 | €21,212 | €21,212 | €21,212 | = |
| Operating cash flow (approximation) | €7,349 | €7,846 | €5,056 | €5,815 | €5,637 | €3,468 | €5,433 | €4,238 | ▼ 22.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | €6 | -€17 | -€12 | €28 | €509 | -€511 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00270222 | NBB |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00231816 | |
| 31-12-2023 | micro format | 07-06-2024 | 2024-00119965 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00415016 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20255983 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63100058 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-47600039 | |
| 31-12-2018 | micro format | 30-11-2019 | 2019-74900111 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57400183 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57000371 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CATRYSSE Ronny Gaston |
|
The board according to the articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Vaste of evenredige vergoeding, algemene kosten,los representatie-reis-verplaatsingskosten”1 more provision on this in the deed
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Ontbinding, vereist voor statutenwijziging”“Ontbinding en sluiting vereffening in één akte, voormelde bepalingen”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Vereffenaars, ontbinding om welke reden en op welk ogenblik ook”
Articles of association, deed of 09-11-2023 (in Dutch)
Owners and capital
Capital transactions
- 09-11-2023 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Steeds op naam, register aandelen op naam met voorgeschreven WVV-vermeldingen”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Elke overdracht onder levenden ten bezwarende/kosteloze titel,vrijwillig/gedwongen met inbegrip uitsluiting/uittreding,in…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- One provision in the deed
Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 09-11-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of LOGCAT. Every other company they run is a node.
History
Acts, filings and financial milestones
09-11
Gazette deed
Resignation: CATRYSSE Ronny Gaston (director)Appointment: CATRYSSE Ronny Gaston (director) · Amendment of the articles · Capital conversion10 points ▸
- General meeting, 25-10-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Power of attorney
- Kind of shares, 100, “vergoeding voor inbrengen” (deed in Dutch)
- Director resignation, CATRYSSE Ronny Gaston (director)
- Director appointment, CATRYSSE Ronny Gaston (director (not named in the articles))
- Director discharge, CATRYSSE Ronny Gaston
- Registered office clause, “8630 Veurne, Sacramentstraat 65” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
6 activities
- Organisatie- en raadgevend bureau inzake financiële, handels-, fiscale of sociale aangelegenheden
- Het huren en verhuren, laten bouwen en verbouwen, aankopen en verkopen, verkavelen van onroerende goederen, alsmede het verhandelen van alle materialen en roerende goederen daaromtrent, zelfs indien deze in geen rechtstreeks verband staan met het voorwerp
- Het beheren, uitbaten, valoriseren, promotie van en makelen in onroerende goederen, evenals welkdanige onroerende transacties en verrichtingen in de meest brede zin, met inbegrip van onroerende leasing
- Het beheer van vermogens, zo van roerende als onroerende goederen en beurswaarden, daaronder verstaan onder meer: kopen en verkopen, beleggen, beursverrichtingen, speculatieve verrichtingen, zowel in eigen naam, als tussenpersoon, of commissionair, in binnen- en buitenland
- De vennootschap mag voorzien in supervisie, het beheren, het raadgeven en controleren van filialen, het beheren van vennootschappen in de meest brede zin
- Het nemen van minderheids- en/of meerderheidsparticipaties in bestaande en/of op te richten ondernemingen, het verstrekken van financiële middelen, het uitwerken van rendement studies en technische studies, het creëren van prototypes en nieuwe producten en markten
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38012B0187/00G000 | Flanders | 3,137 m² | 1 · 517 m² | 7.6 m · 1 |