Equity
€737,232 ▼ 30.9%
Equity fell in 2025 from €1.1m to €737,232.
LOGEMA
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1991peak €575,454 (2012)
€54,552▼ 24.6%
lowest -€399,365 (2018)
€11,108▼ 14.9%
peak €1.1m (2017)
€737,232▼ 30.9%
€472,955▲ 251%
Board5 names since 2019
3 directorsIsabelle MORTIER and 2 others
Documentsfilings and deeds
27-08-202627 days late
2025financial year
Gross margin from €72,375 to €54,552Capital decrease of €341,326.98 to €61,523.02 25-03Equity from €1.1m to €737,232Debts from €134,711 to €472,955Cash from €69,902 to €38,913
Key points
from the 2025 annual accountsTurnover
≈ €150,000 estimated
The accounts state no turnover.
Debts
€472,955 ▲ 251%
Debts rose by €338,244 in 2025.
Liquidity
1.14 was 0.63 in 2024
Short-term debts rose from €120,380 to €457,765.
Filings
33 annual accounts since 1991
Nine of the last ten came late. The 2019 accounts came latest: 89 days after the end of the period.
At the same address
5 companies
Checked score
91
Excellent
Financially stronger than 25% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
No main activity registered
Liquidity: current ratio 1.14, cash €38,913
lowers risk
Size: total assets €1.6m
Figures for financial year 2025 (filed on 02-09-2026)
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 42% of them on solvency, 24% on liquidity, 22% on profitability and 13% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as LOGEMA has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOGEMA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 14,766 companies, not a prediction for LOGEMA. 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.
Credit verdict
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.14 (0.63 in 2024), below the usual 1.5. Short-term debt is 29.1% and cash 2.5% of total assets. 53.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
on the day
2023
22 days late
2022
28 days late
2021
31 days late
2020
13 days late
2019
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 30 days after 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)
neutral · 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. The company usually files around 27 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Ortema 100%deed of 25-03-2025
Shares in 2 companies, CALCULAX and A + CONSULTANCY
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443916441
Capital decrease of €341,326.98 to €61,523.02
Capital from €402,850 to €61,523.02 · ORTEMA holds all the shares · General meeting of 12-03-2025 · Gazette deed
3 directors appointed, 2 resignations, 1 reappointment
Resignations: Jacques MORTIER (managing director and chair of the board) and CALCULAX · Appointments: Isabelle MORTIER, Juan-Francisco MORTIER and Marie-Claire MATAGNE (managing director) · Reappointment: Marie-Claire MATAGNE · Gazette deed
First establishment
Eugène Plaskylaan 9, Schaerbeek
Official details
Source: KBO- Status
- Active since 19-04-1991Normal situation
- Activity
- “La société a pour objet toutes opérations se rapportant directement ou indirectement à l'achat…” (deed in French)From the articles, 5 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.052.673.8141030 Schaerbeek, since 08-05-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2026
Insights on LOGEMA
LOGEMA has existed since 1991. The gross margin fell from €575,454 in 2012 to €28,057 in 2013.
Solvency fell in 2025 from 66.8% to 46.8%.
Ortema holds all the shares. In March 2022, the Official Gazette published the appointment of Marie-Claire MATAGNE as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LOGEMA
- What is the company number of LOGEMA?
- The company number of LOGEMA is 0443.916.441. The VAT number is the same number with BE in front: BE 0443.916.441.
- Where is LOGEMA based?
- The registered office is at Waterloosesteenweg 1313, 1180 Uccle.Company details
- What is the legal form of LOGEMA?
- LOGEMA is a public limited company (NV).
- When was LOGEMA founded?
- LOGEMA was founded on 19-04-1991.
- Is LOGEMA still active?
- Yes, LOGEMA is an active enterprise in the KBO register.
- What is the turnover of LOGEMA?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €54,552 and 1,301 comparable companies of the same size. It probably lies between €94,000 and €290,000. It is a rough estimate.Financials
- Is LOGEMA profitable?
- In financial year 2025, LOGEMA made a profit of €11,108.
- Where can I find the annual accounts of LOGEMA?
- LOGEMA filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LOGEMA due?
- LOGEMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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