LOGFLOW
The computed 12-month bankruptcy probability of LOGFLOW is 0.3% (very low). The 2025 annual accounts show equity of €691k and a net result of €-225k. The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €691k |
| Net result | €-225k |
| Staff (FTE) | 25.9 |
| Active | 16 yrs |
Fragile profile, watch solvency in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | €6.59M |
| EBITDA | €795k |
| Net profit | €-225k |
| Cash flow | €548k |
| Staff costs | €2.37M |
| Income taxes | €12k |
| Dividends | - |
| Total assets | €9.20M |
| Equity | €691k |
| Debt | €8.51M |
| of which ≤ 1y | €2.04M |
| of which > 1y | €6.47M |
| Working capital | €-454k |
| Employees (FTE) | 25.9 |
| 2025 | |
|---|---|
| Current ratio | 0.78 |
| Quick ratio | 0.78 |
| Working capital ratio | -4.9% |
| Solvency | 7.5% |
| Debt / equity | 12.32 |
| Long-term debt ratio | 9.37 |
| Interest coverage | 3.39 |
| Gross margin | 42.4% |
| Net margin | -3.4% |
| ROA | -2.4% |
| ROE | -32.5% |
| EBITDA margin | 12.1% |
| Days sales outstanding | 67d |
| Days payable outstanding | 99d |
| Inventory turnover | 5021.60 |
| Days inventory (DSI) | 0d |
Full annual accounts (28 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €9.20M |
| Fixed assets | 21/28 | €6.61M |
| Formation expenses | 20 | €1.01M |
| Intangible fixed assets | 21 | €450k |
| Tangible fixed assets | 22/27 | €6.16M |
| Financial fixed assets | 28 | €350 |
| Current assets | 29/58 | €1.58M |
| Stocks & contracts in progress | 3 | €756 |
| Amounts receivable within one year | 40/41 | €1.23M |
| Cash & bank | 54/58 | €179k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €9.20M |
| Equity | 10/15 | €691k |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €908k |
| Accumulated profits (losses) | 14 | €-279k |
| Amounts payable | 17/49 | €8.51M |
| Amounts payable after one year | 17 | €6.47M |
| Amounts payable within one year | 42/48 | €2.04M |
| Trade debts payable within one year | 44 | €1.03M |
| Income statement | ||
| Turnover | 70 | €6.59M |
| Gross operating margin | 9900 | €3.19M |
| Operating result | 9901 | €22k |
| Financial income | 75 | €429 |
| Financial charges | 65 | €235k |
| Result before taxes | 9903 | €-212k |
| Income taxes | 67/77 | €12k |
| Net result for the period | 9904 | €-225k |
| Result to be appropriated | 9905 | €-225k |
-
Optima-Beli BVLegal entityDirectorState Gazette act 22029708 (04-03-2022)Current04-03-2022 → present
Historic, not recently confirmed (8)
-
Copexco BVLegal entityDirectorState Gazette act 20075572 (03-07-2020)Not recently confirmedlast confirmed in an act from 2020
3 events
- 03-07-2020 Appointed· Director
- 03-07-2020 Appointed· Managing director
- 21-04-2020 Appointed· Afgevaardigd bestuurder
-
EVDB Invest BVLegal entityDirectorState Gazette act 20075572 (03-07-2020)Not recently confirmedlast confirmed in an act from 2020
2 events
- 03-07-2020 Appointed· Director
- 03-07-2020 Appointed· Managing director
-
Ir. Bart Kindt BVLegal entityDirectorState Gazette act 20075572 (03-07-2020)Not recently confirmedlast confirmed in an act from 2020
-
Kindt BartDirectorState Gazette act 16133138 (27-09-2016)Not recently confirmedlast confirmed in an act from 2016
-
BVBA BM-SUPPLY CHAIN MANAGEMENTLegal entityDirectorState Gazette act 14207335 (14-11-2014)Not recently confirmedlast confirmed in an act from 2014
Former directors (3)
-
Aquinas BVLegal entityDirectorState Gazette act 22029708 (04-03-2022)Former- → 04-03-2022
-
Clappaert WimDirectorState Gazette act 20136998 (19-11-2020)Former- → 19-11-2020
2 events
- 19-11-2020 Resigned· Director
- 19-11-2020 Resigned· Managing director
-
Buffel KristofDirectorState Gazette act 15083427 (12-06-2015)Former- → 12-06-2015
| NACE primary | Overige zakelijke dienstverlening, neg(82990) |
| Legal form | Public limited company(014) |
| Incorporation | 16-10-2009 |
| Status | Active |
| Postal code | 8020 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0695/00C000 | Flanders | 2.7 ha | 1 · 3,207 m² | 25.7 m · 5 fl. |
| 11027B0087/00N000 | Flanders | 1.3 ha | 1 · 5,445 m² | 10.5 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
04-03-2022 1 director appointed, 1 resigning
- Optima-Beli BV, Bestuurder
- Aquinas BV, Bestuurder
Technical details
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},
{
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"role": "bestuurder",
"person": {
"rrn": null,
"name": "Optima-Beli BV",
"address": null,
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}
],
"schema": "v3.2",
"act_meta": {
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"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW"
}
}25-03-2021 Registered office moved from Loppem to Oostkamp
- Heidelbergstraat 18 bus A003 - 8210 Loppem → Kapellestraat 136 Blok E - 8020 Oostkamp
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Kapellestraat 136 Blok E - 8020 Oostkamp",
"city": "Oostkamp",
"region": "vlaams_gewest",
"street": "Kapellestraat",
"country": "BE",
"postcode": "8020",
"box_number": null,
"street_number": "136",
"locality_suffix": null
},
"old_address": {
"raw": "Heidelbergstraat 18 bus A003 - 8210 Loppem",
"city": "Loppem",
"region": "vlaams_gewest",
"street": "Heidelbergstraat",
"country": "BE",
"postcode": "8210",
"box_number": "A003",
"street_number": "18",
"locality_suffix": null
},
"effective_date": "2021-03-19",
"evidence_quote": "Op de bijzondere algemene vergadering van 11 februari 2021 werd met \u00E9\u00E9nparigheid van stemmen beslist om de maatschappelijke zetel te verplaatsen naar Kapellestraat 136 Blok E - 8020 Oostkamp en dit met ingang van 19 maart 2021.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Vandenbussche Eric",
"firm_city": null,
"firm_name": null,
"office_city": "Oostende",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2021-03-25",
"filing_date": "2021-02-11",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2021-02-11",
"unanimous": true
},
"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW",
"legal_form": "NV"
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"org_kbo": null,
"org_name": null,
"person_name": "Vandenbussche Eric",
"org_rep_person_name": null,
"person_role_at_subject": "Gedelegeerd bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad"
]
}22-12-2020 Ceases to exist through merger
Technical details
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"end_event": {
"sub_type": "silent_merger_absorbed",
"liquidator": null
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"subject_company": {
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"name_full": "LOGFLOW"
}
}19-11-2020 2 resigning
- Clappaert Wim, Bestuurder
- Clappaert Wim, Gedelegeerd bestuurder
Technical details
{
"events": [
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"kind": "director_out",
"role": "bestuurder",
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},
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],
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"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW"
}
}16-10-2020 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": "proposal",
"notary": {
"name": "Onbekend",
"firm_city": null,
"firm_name": null,
"office_city": "Oostende",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2020-10-16",
"filing_date": "2020-10-09",
"act_kind_objet": "FUSIEVOORSTEL (artikel 12:50 Wetboek van vennootschappen en"
},
"decision": {
"body": "bestuursorgaan",
"act_date": "2020-10-09",
"unanimous": null
},
"conversion": null,
"detected_kind": "merger_absorption",
"report_waiver": null,
"restructuring": {
"parties": [
{
"kbo": "0819.924.568",
"name": "BV VELTION",
"role": "absorbed",
"address": "9051 Sint-Denijs-Westrem, Adelaarsstraat 11 bus 001",
"is_foreign": false,
"legal_form": "BV",
"is_new_company": false,
"jurisdiction_country": "BE"
},
{
"kbo": "0819.924.568",
"name": "NV LOGFLOW",
"role": "acquiring",
"address": "8210 Loppem, Heidelbergstraat 18/A003",
"is_foreign": false,
"legal_form": "NV",
"is_new_company": false,
"jurisdiction_country": "BE"
}
],
"exchange_ratio": null,
"legal_articles": [
"12:50"
],
"is_cross_border": false,
"is_silent_merger": true,
"balance_basis_date": null,
"exchange_ratio_text": null,
"new_shares_issued_n": 0,
"real_estate_included": true,
"patrimony_description": "De gehele patrimoine van de BV VELTION, inclusief roerende en onroerende goederen, activiteiten, contracten en handelsfonds, wordt overgenomen door de NV LOGFLOW. De activiteiten omvatten informatietechnologie, logistieke oplossingen, consultancy, systeemintegratie en gerelateerde diensten.",
"equity_transferred_eur": null,
"accounting_effective_date": "2020-10-16"
},
"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0819.924.568",
"org_name": "BV EVDB INVEST",
"person_name": null,
"org_rep_person_name": "Eric VANDENBUSSCHE"
},
"summary_narrative": "Het bestuursorgaan van de NV LOGFLOW heeft op 9 oktober 2020 een fusievoorstel neergelegd voor de vereenvoudigde fusie van de BV VELTION in de NV LOGFLOW. De fusie is gebaseerd op artikel 12:50 van het Wetboek van Vennootschappen en Verenigingen, waarbij de overnemende NV al alle aandelen van de BV bezit. Alle handelingen van de BV VELTION worden boekhoudkundig en fiscaal geacht vanaf 16 oktober 2020 voor rekening van de NV LOGFLOW te zijn verricht.",
"co_filed_documents": [
"fusievoorstel de dato 16 september 2020"
],
"detected_real_type": "fusion_proposal",
"referenced_correction": null,
"should_reroute_to_category": null
}03-07-2020 5 directors appointed
- EVDB Invest BV, Bestuurder
- Ir. Bart Kindt BV, Bestuurder
- Copexco BV, Bestuurder
- EVDB Invest BV, Gedelegeerd bestuurder
- Copexco BV, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "EVDB Invest BV",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
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"person": {
"rrn": null,
"name": "Ir. Bart Kindt BV",
"address": null,
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},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Copexco BV",
"address": null,
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}
},
{
"kind": "director_in",
"role": "gedelegeerd bestuurder",
"person": {
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}
},
{
"kind": "director_in",
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"person": {
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}
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW"
}
}21-04-2020 Copexco BV appointed as afgevaardigd bestuurder
- Copexco BV, Afgevaardigd bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "afgevaardigd bestuurder",
"person": {
"rrn": null,
"name": "Copexco BV",
"address": null,
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}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW"
}
}07-11-2019 Xanlog BVBA resigns as director
- Xanlog BVBA, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Xanlog BVBA",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
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},
"subject_company": {
"kbo": "0819.924.568",
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}
}27-12-2018 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Virginie Daems",
"firm_city": null,
"firm_name": "Lommee \u0026 Daems, Geassocieerde Notarissen",
"office_city": "Zedelgem",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2018-12-27",
"filing_date": "2018-12-21",
"act_kind_objet": "verbatim"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2018-12-21",
"unanimous": true
},
"agm_change": {
"new_schedule": "laatste zaterdag van mei om 10u",
"old_schedule": "laatste zaterdag van mei om 10u",
"effective_from_year": 2020,
"rule_changes_summary": "De AGM wordt gehouden op de laatste zaterdag van mei om 10u, met een nieuwe boekjaarperiode van 1 december tot 30 november."
},
"detected_kind": "fiscal_year_change",
"other_address": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW",
"legal_form": "NV"
},
"accounts_deposit": null,
"publication_proxy": {
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},
"co_filed_documents": [
"afschrijving der akte dd. 21 december 2018",
"geco\u00F6rdineerde statuten"
],
"fiscal_year_change": {
"new_end_mm_dd": "30-11",
"old_end_mm_dd": "31-12",
"new_start_mm_dd": "12-01",
"old_start_mm_dd": "01-01",
"first_full_new_year": 2020,
"transition_period_end": "2019-11-30"
},
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}27-09-2016 Kindt Bart appointed as director
- Kindt Bart, Bestuurder
Technical details
{
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"role": "bestuurder",
"person": {
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"name": "Kindt Bart",
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}
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW"
}
}12-06-2015 Buffel Kristof resigns as director
- Buffel Kristof, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Buffel Kristof",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW"
}
}14-11-2014 Articles of association amended
Technical details
{
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"act_meta": {
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"name_change": {
"new": "",
"old": "",
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},
"seat_change": {
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},
"object_change": {
"changed": false
},
"subject_company": {
"kbo": "0819.924.568",
"name_full": "LOGFLOW"
},
"legal_form_change": {
"new": "Naamloze vennootschap",
"old": "BVBA",
"changed": false
}
}22-09-2011 Articles of association amended
Technical details
{
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},
"legal_form_change": {
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}
}| Legal nameNL | LOGFLOW |