LOGGEO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 35 filings
Turnover
≈ €210,000
Estimated: probably between €130,000 and €400,000
Total assets
€889,377▲ 2.2%
2024 · €869,945
Net result
€44,683▲ 23.4%
2024 · €36,218
Working capital
€571,594▲ 7.5%
2024 · €531,566
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€48,854
▲ 2.6%
2025
20182025
Net result
€44,683
▲ 23.4%
2025
middle half of the sector
20182025
Equity
€811,835
▲ 5.8%
2025
middle half of the sector
20182025
Total assets
€889,377
▲ 2.2%
2025
middle half of the sector
20182025
Debt
€65,154
▼ 26.6%
2025
20182025
Working capital
€571,594
▲ 7.5%
2025
middle half of the sector
20182025
Solvency
91.3%
▲ 3.1pp
2025
highest quarter of the sector
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
5.0%
▲ 0.9pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€26,336-€32,353▲ 22.8%€45,353▲ 40.2%€45,096▼ 0.6%€26,519▼ 41.2%€40,953▲ 54.4%€47,598▲ 16.2%€48,854▲ 2.6%
Net result€19,412-€14,850▼ 23.5%€27,697within the sector's middle half▲ 86.5%€27,133within the sector's middle half▼ 2.0%€14,837within the sector's middle half▼ 45.3%€30,304within the sector's middle half▲ 104%€36,218within the sector's middle half▲ 19.5%€44,683within the sector's middle half▲ 23.4%
Equity€616,113-€630,963▲ 2.4%€658,660within the sector's middle half▲ 4.4%€685,793within the sector's middle half▲ 4.1%€700,630within the sector's middle half▲ 2.2%€730,935within the sector's middle half▲ 4.3%€767,152within the sector's middle half▲ 5.0%€811,835within the sector's middle half▲ 5.8%
Total assets€812,499-€783,578▼ 3.6%€809,033within the sector's middle half▲ 3.2%€830,669within the sector's middle half▲ 2.7%€843,185below the sector's middle half▲ 1.5%€862,122within the sector's middle half▲ 2.2%€869,945within the sector's middle half▲ 0.9%€889,377within the sector's middle half▲ 2.2%
Debt€172,357-€130,249▼ 24.4%€129,670▼ 0.4%€125,836▼ 3.0%€125,179▼ 0.5%€115,474▼ 7.8%€88,743▼ 23.1%€65,154▼ 26.6%
Working capital€363,117-€362,858▼ 0.1%€405,246within the sector's middle half▲ 11.7%€447,071within the sector's middle half▲ 10.3%€474,138within the sector's middle half▲ 6.1%€504,092within the sector's middle half▲ 6.3%€531,566within the sector's middle half▲ 5.5%€571,594within the sector's middle half▲ 7.5%
Solvency75.8%-80.5%▲ 4.7pp81.4%above the sector's middle half▲ 0.9pp82.6%above the sector's middle half▲ 1.1pp83.1%above the sector's middle half▲ 0.5pp84.8%above the sector's middle half▲ 1.7pp88.2%above the sector's middle half▲ 3.4pp91.3%above the sector's middle half▲ 3.1pp
Current ratio17.24-36.40▲ 19.1642.91above the sector's middle half▲ 6.5077.60above the sector's middle half▲ 34.7059.37above the sector's middle half91.05above the sector's middle half▲ 31.68
Return on assets (ROA)2.4%-1.9%▼ 0.5pp3.4%within the sector's middle half▲ 1.5pp3.3%within the sector's middle half▼ 0.2pp1.8%within the sector's middle half▼ 1.5pp3.5%within the sector's middle half▲ 1.8pp4.2%within the sector's middle half▲ 0.6pp5.0%within the sector's middle half▲ 0.9pp
Staff (FTE)0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Manufacture of rubber and plastic products (NACE 22). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 3% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €889,377
Fixed assets
€315,559 ▼ 5.1%
Current assets
€573,818 ▲ 6.8%
Equity and liabilities €889,377
Equity
€811,835 ▲ 5.8%
Provisions
€12,387 ▼ 11.8%
Debt
€65,154 ▼ 26.6%
Debt's share of the balance-sheet total falls from 10.2% to 7.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65,772▲
2024 · €64,516
Cash flow
€61,601▲
2024 · €53,136
Debt to equity
0.08▼
2024 · 0.12
ROE
5.5%▲
2024 · 4.7%
Interest coverage
13.14▲
2024 · 8.86
Debt ≤ 1 year
€2,224▼
2024 · €5,903
Debt > 1 year
€60,000▼
2024 · €80,000
Income taxes
€24,218▲
2024 · €18,119
A ratio outside any meaningful range has been withheld (balance sheet total €889,377, equity €811,835).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,071 | - | - | - |
| Depreciation and write-downs of the year | €16,354 | €16,521 | €16,918 | €16,918 | €16,918 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,240 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,310 | €16,430 | €16,354 | €16,354 | €16,521 | €16,918 | €16,918 | €16,918 | = |
| Other operating charges640/8 | - | - | - | €7,536 | €7,734 | €8,478 | €8,796 | €9,071 | ▲ 3.1% |
| Gross operating margin9900 | €63,772 | €55,685 | €68,958 | €68,986 | €50,775 | €66,348 | €73,311 | €74,843 | ▲ 2.1% |
| Operating profit (loss)9901 | €26,336 | €32,353 | €45,353 | €45,096 | €26,519 | €40,953 | €47,598 | €48,854 | ▲ 2.6% |
| Financial income75/76B | - | - | - | - | €0 | €10,078 | €12,354 | €23,388 | ▲ 89.3% |
| Recurring financial income75 | - | - | - | - | €0 | €10,078 | €12,354 | €23,388 | ▲ 89.3% |
| Financial charges65/66B | - | - | - | €4,837 | €4,839 | €6,879 | €7,278 | €5,005 | ▼ 31.2% |
| Recurring financial charges65 | €6,324 | €6,029 | €4,827 | €4,837 | €4,839 | €6,879 | €7,278 | €5,005 | ▼ 31.2% |
| Profit (loss) for the period before taxes9903 | €20,012 | €26,325 | €40,527 | €40,260 | €21,680 | €44,152 | €52,674 | €67,238 | ▲ 27.6% |
| Transfer from deferred taxes780 | - | - | - | €1,663 | €1,663 | €1,663 | €1,663 | €1,663 | = |
| Income taxes67/77 | €2,264 | €13,138 | €14,493 | €14,789 | €8,506 | €15,511 | €18,119 | €24,218 | ▲ 33.7% |
| Profit (loss) for the period9904 | €19,412 | €14,850 | €27,697 | €27,133 | €14,837 | €30,304 | €36,218 | €44,683 | ▲ 23.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €5,218 | €3,230 | €3,230 | €3,230 | €3,230 | = |
| Profit (loss) for the period to be appropriated9905 | €22,641 | €49,080 | €30,927 | €32,351 | €18,067 | €33,534 | €39,448 | €47,913 | ▲ 21.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €812,499 | €783,578 | €809,033 | €830,669 | €843,185 | €862,122 | €869,945 | €889,377 | ▲ 2.2% |
| Fixed assets21/28 | €427,025 | €410,470 | €394,116 | €377,762 | €366,312 | €349,394 | €332,477 | €315,559 | ▼ 5.1% |
| Tangible fixed assets22/27 | €426,900 | €410,470 | €394,116 | €377,762 | €366,312 | €349,394 | €332,477 | €315,559 | ▼ 5.1% |
| Land and buildings22 | - | - | - | €377,762 | €366,312 | €349,394 | €332,477 | €315,559 | ▼ 5.1% |
| Financial fixed assets28 | €125 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €385,474 | €373,107 | €414,917 | €452,907 | €476,873 | €512,728 | €537,469 | €573,818 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €10,450 | €13,724 | €1,838 | €6,877 | €5,994 | €4,159 | €0 | €13,009 | - |
| Trade receivables40 | - | - | - | €6,877 | €2,001 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €0 | €3,993 | €4,159 | €0 | €13,009 | - |
| Current investments50/53 | - | - | - | - | - | - | €503,074 | €503,074 | = |
| Cash at bank and in hand54/58 | €374,958 | €359,316 | €412,704 | €446,030 | €470,879 | €505,742 | €34,394 | €57,735 | ▲ 67.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | €2,827 | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €812,499 | €783,578 | €809,033 | €830,669 | €843,185 | €862,122 | €869,945 | €889,377 | ▲ 2.2% |
| Equity10/15 | €616,113 | €630,963 | €658,660 | €685,793 | €700,630 | €730,935 | €767,152 | €811,835 | ▲ 5.8% |
| Contributions10/11 | €349,680 | €349,680 | - | €349,680 | €349,680 | €349,680 | €349,680 | €349,680 | = |
| Revaluation surpluses12 | - | - | - | €17,554 | €17,554 | €17,554 | €17,554 | €17,554 | = |
| Reserves13 | €248,879 | €263,729 | €291,426 | €318,559 | €333,397 | €363,701 | €399,919 | €444,602 | ▲ 11.2% |
| Non-distributable reserves130/1 | - | - | - | €9,530 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €9,530 | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €37,014 | €33,785 | €30,555 | €27,325 | €24,095 | ▼ 11.8% |
| Distributable reserves133 | - | - | - | €272,015 | €299,612 | €333,147 | €372,594 | €420,507 | ▲ 12.9% |
| Provisions and deferred taxes16 | €24,029 | €22,366 | €20,703 | €19,040 | €17,376 | €15,713 | €14,050 | €12,387 | ▼ 11.8% |
| Deferred taxes168 | - | - | - | €19,040 | €17,376 | €15,713 | €14,050 | €12,387 | ▼ 11.8% |
| Amounts payable17/49 | €172,357 | €130,249 | €129,670 | €125,836 | €125,179 | €115,474 | €88,743 | €65,154 | ▼ 26.6% |
| Amounts payable after more than one year17 | €150,000 | €120,000 | €120,000 | €120,000 | €120,000 | €100,000 | €80,000 | €60,000 | ▼ 25.0% |
| Financial debts170/4 | - | - | - | €120,000 | €120,000 | €100,000 | €80,000 | €60,000 | ▼ 25.0% |
| Amounts payable within one year42/48 | €22,357 | €10,249 | €9,670 | €5,836 | €2,735 | €8,636 | €5,903 | €2,224 | ▼ 62.3% |
| Trade debts44 | €12,116 | €1,277 | €710 | €756 | €787 | €773 | €984 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €756 | €787 | €773 | €984 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €5,080 | €1,949 | €3,076 | €4,919 | €2,224 | ▼ 54.8% |
| Taxes450/3 | - | - | - | €5,080 | €1,949 | €3,076 | €4,919 | €2,224 | ▼ 54.8% |
| Other amounts payable47/48 | - | - | - | - | - | €4,788 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,443 | €6,838 | €2,840 | €2,931 | ▲ 3.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,412 | €14,850 | €27,697 | €27,133 | €14,837 | €30,304 | €36,218 | €44,683 | ▲ 23.4% |
| + Depreciation and write-downs630 | €30,310 | €16,430 | €16,354 | €16,354 | €16,521 | €16,918 | €16,918 | €16,918 | = |
| Operating cash flow (approximation) | €49,722 | €31,280 | €44,051 | €43,488 | €31,358 | €47,222 | €53,136 | €61,601 | ▲ 15.9% |
| Investment in fixed assets (approximation) | - | €125 | €0 | €0 | -€5,071 | €0 | €0 | €0 | - |
| Change in cash | - | -€15,642 | €53,388 | €33,326 | €24,850 | €34,863 | -€471,348 | €23,341 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as LOGGEO has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of LOGGEO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for LOGGEO. 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.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-07-2026 | 2026-00295573 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00250409 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00283524 | |
| 31-12-2022 | abbreviated format | 25-07-2023 | 2023-00267794 | |
| 31-12-2021 | abbreviated format | 20-06-2022 | 2022-20078150 | |
| 31-12-2020 | abbreviated format | 23-07-2021 | 2021-39100380 | |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-25500253 | |
| 31-12-2018 | abbreviated format | 25-06-2019 | 2019-24100591 | |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-36000230 | |
| 31-12-2016 | abbreviated format | 19-07-2017 | 2017-33500392 |