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LOGI - TECHNIC

Active
Public limited companyfounded 1999active for 27 yearsVlamingveld 3, 8490 Jabbeke, BelgiumKBO/BCE: BE 0465.806.569
Summary

LOGI - TECHNIC has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.7m and a net result of €666,760. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 190 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Installation of industrial machinery and equipment
NACE 33200
Largest employer in West Flanders, Repair and installation of machinery sector9 sites
Size
€34.9mturnover 2025
Staff
380.2 FTE
Equity
€8.7m
Profit
€666,760
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
House of HR Holding BV
Board
4 members
Holdings
1
Auditor: CALLENS VANDELANOTTE2025 accounts 43 days early6 of 45 deeds summarised
Why 94lowers riskLiquidity: current ratio 1.66, cash €4.3m, halvedFounded in 1999Size: turnover €34.9m, 380.2 FTE, total assets €17.4mEquity €8.7m (49.8% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (all companies)
Financial strength · tick = 2024
Strong
Solvency 75-21
equity 49.8% of total assets
Liquidity 56-32
short-term debt 49.8% · cash 24.6%
Profitability 48=
return on assets 3.8%
Bankruptcy probability, 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).

Sector median 0.2% (4 companies, NACE 33, large)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025highest value 07-2025: < 0.1%▼ -0.3 percentage points vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged 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 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.66, compared with 3.24 in 2024, above the usual 1.5; short-term debt: 49.8% and cash: 24.6% of total assets), but 50.2% of the assets are financed with debt and provisions.
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 (all companies): better than 67% on solvency, 80% on liquidity, 34% on profitability and 15% 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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Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 1.66, cash €4.3m, halved
NBB · annual accounts
lowers risk · Founded in 1999
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €34.9m, 380.2 FTE, total assets €17.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €8.7m (49.8% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
42 days early
2023
35 days early
2022
41 days early
2021
33 days early
2020
45 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 39 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed 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 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Liquidity more than triplescurrent ratio 3.24

Financials · financial year 2025, full format

Turnover
€34.9m▼ 5.2%
2024 · €36.8m
EBIT margin
0.7%▲ 0.2pp
2024 · 0.4%
Net result
€666,760▼ 91.1%
2024 · €7.5m
Working capital
€5.8m▼ 74.2%
2024 · €22.4m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 46% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€34.9m 2025 Operating result€0.2m 2025 Net result€0.7m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 33, Repair, maintenance and installation of machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€24.6m-€25.2m▲ 2.5%€20.5m▼ 18.6%€23.2m▲ 12.7%€28.8m▲ 24.3%€32.5m▲ 12.9%€36.8m▲ 13.4%€34.9m▼ 5.2%
Operating result€1.9m-€1.0m▼ 46.7%€0.9m▼ 4.7%€0.6m▼ 40.2%€1.3m▲ 131%€1.3m▲ 1.3%€0.2m▼ 87.6%€0.2m▲ 46.1%
Net result€0.6m--€25.0m-€0.6mbelow the sector's middle half▲ 97.6%-€0.8mbelow the sector's middle half▼ 28.0%€7.6mabove the sector's middle half€1.9mabove the sector's middle half▼ 75.0%€7.5mabove the sector's middle half▲ 295%€0.7mabove the sector's middle half▼ 91.1%
EBIT margin7.5%-3.9%▼ 3.6pp4.6%▲ 0.7pp2.4%▼ 2.2pp4.5%▲ 2.1pp4.0%▼ 0.5pp0.4%▼ 3.6pp0.7%▲ 0.2pp
Equity€9.3m--€15.8m€8.7mabove the sector's middle half€7.9mabove the sector's middle half▼ 8.9%€15.5mabove the sector's middle half▲ 96.6%€17.4mabove the sector's middle half▲ 12.3%€24.9mabove the sector's middle half▲ 43.2%€8.7mabove the sector's middle half▼ 65.1%
Total assets€50.6m-€28.8m▼ 43.0%€50.1mabove the sector's middle half▲ 73.8%€50.4mabove the sector's middle half▲ 0.6%€27.1mabove the sector's middle half▼ 46.2%€29.4mabove the sector's middle half▲ 8.5%€35.0mabove the sector's middle half▲ 18.8%€17.4mabove the sector's middle half▼ 50.2%
Debt€41.3m-€44.6m▲ 7.9%€41.4m▼ 7.0%€42.5m▲ 2.6%€11.6m▼ 72.6%€12.0m▲ 3.4%€10.1m▼ 16.3%€8.8m▼ 13.1%
Working capital€0.7m-€1.2m▲ 77.3%€24.4mabove the sector's middle half▲ 21×€29.0mabove the sector's middle half▲ 18.8%€5.6mabove the sector's middle half▼ 80.8%€0.5mwithin the sector's middle half▼ 90.4%€22.4mabove the sector's middle half▲ 42×€5.8mabove the sector's middle half▼ 74.2%
Solvency18.3%--54.6%▼ 72.9pp17.3%within the sector's middle half▲ 71.9pp15.6%below the sector's middle half▼ 1.6pp57.1%within the sector's middle half▲ 41.5pp59.1%within the sector's middle half▲ 2.0pp71.2%above the sector's middle half▲ 12.1pp49.8%within the sector's middle half▼ 21.4pp
Current ratio1.14-1.16▲ 0.025.85above the sector's middle half▲ 4.696.05above the sector's middle half▲ 0.192.03within the sector's middle half▼ 4.021.04below the sector's middle half▼ 0.983.24above the sector's middle half▲ 2.201.66within the sector's middle half▼ 1.58
Return on assets (ROA)1.2%--86.8%▼ 88.0pp-1.2%below the sector's middle half▲ 85.6pp-1.5%below the sector's middle half▼ 0.3pp28.1%above the sector's middle half▲ 29.6pp6.5%within the sector's middle half▼ 21.6pp21.5%above the sector's middle half▲ 15.0pp3.8%within the sector's middle half▼ 17.6pp
Staff (FTE)216-239.6▲ 10.9%247.7above the sector's middle half▲ 3.4%257.8above the sector's middle half▲ 4.1%304.2above the sector's middle half▲ 18.0%341.5above the sector's middle half▲ 12.3%396.9above the sector's middle half▲ 16.2%380.2above the sector's middle half▼ 4.2%
above within below the middle half of NACE 33, Repair, maintenance and installation of machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.4m
Fixed assets €3.0m ▲ 12.6%
Current assets €14.5m ▼ 55.3%
Equity and liabilities €17.4m
Equity €8.7m ▼ 65.1%
Debt €8.8m ▼ 13.1%
Debt's share of the balance-sheet total rises from 28.8% to 50.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.1m▲
2024 · €741,327
Cash flow
€1.5m▼
2024 · €8.1m
Debt to equity
1.01▲
2024 · 0.40
ROE
7.7%▼
2024 · 30.1%
Interest coverage
3.96▲
2024 · 1.48
Debt ≤ 1 year
€8.7m▼
2024 · €10.0m
Income taxes
€33,296▲
2024 · -€230,197
Staff costs
€25.4m▼
2024 · €25.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 513 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96.1% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.8% went bankrupt
3.1% stopped otherwise
96.1% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 513 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 75 lines
Balance sheet Code20242025
Assets
Total assets20/58€35.0m€17.4m▼
Fixed assets21/28€2.7m€3.0m▲
Intangible fixed assets21€1.2m€1.6m▲
Tangible fixed assets22/27€1.5m€1.4m▼
Plant, machinery and equipment23€1.2m€1.1m▼
Furniture and vehicles24€0.2m€0.3m▲
Other tangible fixed assets26€0.02m€0.04m▲
Financial fixed assets28€0.006m€0.006m=
Other financial fixed assets284/8€0.006m€0.006m=
Amounts receivable and cash guarantees285/8€0.006m€0.006m=
Current assets29/58€32.3m€14.5m▼
Amounts receivable within one year40/41€4.0m€9.4m▲
Trade receivables40€3.8m€4.9m▲
Other amounts receivable41€0.2m€4.5m▲
Cash at bank and in hand54/58€27.5m€4.3m▼
Deferred charges and accrued income490/1€0.8m€0.8m▼
Equity and liabilities
Total equity and liabilities10/49€35.0m€17.4m▼
Equity10/15€24.9m€8.7m▼
Contributions10/11€7.5m€7.5m=
Capital10€7.5m€7.5m=
Issued capital100€7.5m€7.5m=
Contributions outside capital11€0.001m€0.001m=
Share premium1100/10€0.001m€0.001m=
Reserves13€0.9m€0.6m▼
Non-distributable reserves130/1€0.5m€0.6m▲
Legal reserve130€0.5m€0.6m▲
Distributable reserves133€0.3m-
Profit (loss) carried forward14€16.6m€0.6m▼
Amounts payable17/49€10.1m€8.8m▼
Amounts payable within one year42/48€10.0m€8.7m▼
Trade debts44€2.1m€1.6m▼
Suppliers440/4€2.1m€1.6m▼
Taxes, remuneration and social security45€3.9m€3.8m▼
Taxes450/3€0.4m€0.5m▲
Remuneration and social security454/9€3.5m€3.3m▼
Other amounts payable47/48€4.0m€3.3m▼
Accrued charges and deferred income492/3€0.1m€0.06m▼
Income statement Code20242025
Operating income70/76A€40.7m€38.8m▼
Turnover70€36.8m€34.9m▼
Own construction capitalised72€0.5m€0.7m▲
Other operating income74€3.3m€3.1m▼
Non-recurring operating income76A-€0.003m
Operating charges60/66A€40.5m€38.6m▼
Goods for resale, raw materials and consumables60€4.4m€3.3m▼
Purchases600/8€4.4m€3.3m▼
Services and other goods61€9.3m€8.6m▼
Remuneration, social security and pensions62€25.7m€25.4m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.6m€0.8m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.02m€0.2m▲
Other operating charges640/8€0.5m€0.2m▼
Operating profit (loss)9901€0.2m€0.2m▲
Financial income75/76B€7.8m€0.9m▼
Recurring financial income75€0.7m€0.9m▲
Income from current assets751€0.7m€0.8m▲
Other financial income752/9€0.06m€0.06m▲
Non-recurring financial income76B€7.1m-
Financial charges65/66B€0.7m€0.4m▼
Recurring financial charges65€0.7m€0.4m▼
Debt charges650€0.5m€0.3m▼
Other financial charges652/9€0.2m€0.2m▼
Profit (loss) for the period before taxes9903€7.3m€0.7m▼
Income taxes67/77-€0.2m€0.03m▲
Taxes670/3€0.02m€0.03m▲
Tax adjustments and reversals of tax provisions77€0.2m-
Profit (loss) for the period9904€7.5m€0.7m▼
Profit (loss) for the period to be appropriated9905€7.5m€0.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906€16.9m€17.2m▲
Profit (loss) brought forward from the previous period14P€9.4m€16.6m▲
Transfer from equity791/2-€0.3m
From reserves792-€0.3m
Transfer to equity691/2€0.4m€0.03m▼
To the legal reserve6920€0.4m€0.03m▼
Profit to be distributed694/7-€16.9m
Return on contributions (dividend)694-€16.9m
Social balance sheet
Average headcount (FTE)9087396.9380.2▼

The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€24.5m€30.8m€35.2m€40.7m€38.8m▼ 4.6%
Turnover70€24.6m€25.2m€20.5m€23.2m€28.8m€32.5m€36.8m€34.9m▼ 5.2%
Own construction capitalised72-----€0.2m€0.5m€0.7m▲ 27.9%
Other operating income74---€1.4m€2.0m€2.5m€3.3m€3.1m▼ 4.3%
Non-recurring operating income76A-------€0.003m-
Operating charges60/66A---€24.0m€29.5m€33.9m€40.5m€38.6m▼ 4.8%
Goods for resale, raw materials and consumables60---€3.7m€4.2m€4.5m€4.4m€3.3m▼ 24.8%
Purchases600/8---€3.7m€4.2m€4.5m€4.4m€3.3m▼ 24.8%
Services and other goods61---€5.6m€7.2m€8.0m€9.3m€8.6m▼ 7.4%
Remuneration, social security and pensions62---€14.4m€17.6m€20.7m€25.7m€25.4m▼ 1.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m€0.4m€0.2m€0.3m€0.4m€0.6m€0.8m▲ 41.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.002m€0.02m€0.05m-€0.02m€0.2m-
Provisions for liabilities and charges: additions (uses and reversals)635/8-----€0.02m----
Other operating charges640/8---€0.1m€0.2m€0.3m€0.5m€0.2m▼ 60.2%
Non-recurring operating charges66A---€0.008m-----
Operating profit (loss)9901€1.9m€1.0m€0.9m€0.6m€1.3m€1.3m€0.2m€0.2m▲ 46.1%
Financial income75/76B---€0.2m€7.0m€1.9m€7.8m€0.9m▼ 88.5%
Recurring financial income75€0.6m€0.6m€0.3m€0.2m€7.0m€0.3m€0.7m€0.9m▲ 21.5%
Income from financial fixed assets750---€0.2m€7.0m----
Income from current assets751-----€0.2m€0.7m€0.8m▲ 23.1%
Other financial income752/9---€0.03m€0.03m€0.04m€0.06m€0.06m▲ 2.4%
Non-recurring financial income76B-----€1.6m€7.1m--
Financial charges65/66B---€1.6m€0.7m€1.0m€0.7m€0.4m▼ 39.8%
Recurring financial charges65€1.8m€2.0m€1.8m€1.6m€0.7m€1.0m€0.7m€0.4m▼ 39.8%
Debt charges650€1.8m€2.0m€1.7m€1.5m€0.6m€0.8m€0.5m€0.3m▼ 46.6%
Other financial charges652/9---€0.05m€0.1m€0.2m€0.2m€0.2m▼ 24.9%
Profit (loss) for the period before taxes9903€0.6m-€25.0m-€0.5m-€0.8m€7.6m€2.2m€7.3m€0.7m▼ 90.4%
Income taxes67/77€0.03m-€0.08m-€0.02m€0.01m€0.3m-€0.2m€0.03m-
Taxes670/3---€0.008m€0.01m€0.3m€0.02m€0.03m▲ 114%
Tax adjustments and reversals of tax provisions77---€0.02m--€0.2m--
Profit (loss) for the period9904€0.6m-€25.0m-€0.6m-€0.8m€7.6m€1.9m€7.5m€0.7m▼ 91.1%
Profit (loss) for the period to be appropriated9905€0.6m-€25.0m-€0.6m-€0.8m€7.6m€1.9m€7.5m€0.7m▼ 91.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€50.6m€28.8m€50.1m€50.4m€27.1m€29.4m€35.0m€17.4m▼ 50.2%
Fixed assets21/28€45.2m€20.4m€20.6m€15.6m€16.1m€17.0m€2.7m€3.0m▲ 12.6%
Intangible fixed assets21€0.2m€0.2m€0.2m€0.2m€0.1m€0.4m€1.2m€1.6m▲ 36.2%
Tangible fixed assets22/27€0.6m€0.4m€0.7m€0.3m€0.8m€1.5m€1.5m€1.4m▼ 5.8%
Plant, machinery and equipment23---€0.2m€0.5m€1.0m€1.2m€1.1m▼ 12.3%
Furniture and vehicles24---€0.1m€0.3m€0.4m€0.2m€0.3m▲ 17.6%
Other tangible fixed assets26---€0.03m€0.008m€0.003m€0.02m€0.04m▲ 122%
Financial fixed assets28€44.3m€19.8m€19.8m€15.2m€15.2m€15.2m€0.006m€0.006m=
Affiliated companies280/1---€15.2m€15.2m€15.2m---
Participating interests280---€15.2m€15.2m€15.2m---
Other financial fixed assets284/8---€0.001m€0.001m€0.006m€0.006m€0.006m=
Amounts receivable and cash guarantees285/8---€0.001m€0.001m€0.006m€0.006m€0.006m=
Current assets29/58€5.4m€8.5m€29.5m€34.8m€11.0m€12.4m€32.3m€14.5m▼ 55.3%
Amounts receivable within one year40/41€5.1m€8.2m€29.3m€34.7m€11.0m€12.2m€4.0m€9.4m▲ 132%
Trade receivables40---€2.7m€3.9m€5.6m€3.8m€4.9m▲ 28.2%
Other amounts receivable41---€32.0m€7.1m€6.6m€0.2m€4.5m▲ 19×
Cash at bank and in hand54/58€0.1m€0.004m€0€215-€0.2m€27.5m€4.3m▼ 84.4%
Deferred charges and accrued income490/1---€0.06m€0.02m€0.08m€0.8m€0.8m▼ 3.9%
Equity and liabilities
Total equity and liabilities10/49€50.6m€28.8m€50.1m€50.4m€27.1m€29.4m€35.0m€17.4m▼ 50.2%
Equity10/15€9.3m-€15.8m€8.7m€7.9m€15.5m€17.4m€24.9m€8.7m▼ 65.1%
Contributions10/11€8.2m€8.2m€33.2m€33.2m€7.5m€7.5m€7.5m€7.5m=
Capital10---€33.2m€7.5m€7.5m€7.5m€7.5m=
Issued capital100---€33.2m€7.5m€7.5m€7.5m€7.5m=
Contributions outside capital11---€0.001m€0.001m€0.001m€0.001m€0.001m=
Share premium1100/10---€0.001m€0.001m€0.001m€0.001m€0.001m=
Reserves13€0.4m€0.4m€0.4m€0.4m€0.4m€0.5m€0.9m€0.6m▼ 35.5%
Non-distributable reserves130/1---€0.05m€0.05m€0.1m€0.5m€0.6m▲ 6.4%
Legal reserve130---€0.05m€0.05m€0.1m€0.5m€0.6m▲ 6.4%
Distributable reserves133---€0.3m€0.3m€0.3m€0.3m--
Profit (loss) carried forward14€0.7m-€24.3m-€24.9m-€25.7m€7.6m€9.4m€16.6m€0.6m▼ 96.2%
Provisions and deferred taxes16€0.02m€0.02m€0.02m€0.02m-----
Provisions for liabilities and charges160/5---€0.02m-----
Pensions and similar obligations160---€0.02m-----
Amounts payable17/49€41.3m€44.6m€41.4m€42.5m€11.6m€12.0m€10.1m€8.8m▼ 13.1%
Amounts payable after more than one year17€35.9m€35.9m€35.9m€35.9m€6.0m----
Financial debts170/4---€35.9m€6.0m----
Subordinated loans170---€9.8m-----
Other loans174---€26.0m€6.0m----
Amounts payable within one year42/48€4.7m€7.3m€5.0m€5.8m€5.4m€11.9m€10.0m€8.7m▼ 12.9%
Current portion of amounts payable after more than one year42-----€6.0m---
Trade debts44€1.9m€2.5m€2.3m€2.9m€1.8m€2.4m€2.1m€1.6m▼ 23.1%
Suppliers440/4---€2.9m€1.8m€2.4m€2.1m€1.6m▼ 23.1%
Taxes, remuneration and social security45---€2.9m€3.6m€3.5m€3.9m€3.8m▼ 1.9%
Taxes450/3---€0.8m€1.1m€0.7m€0.4m€0.5m▲ 17.7%
Remuneration and social security454/9---€2.1m€2.5m€2.8m€3.5m€3.3m▼ 4.3%
Other amounts payable47/48------€4.0m€3.3m▼ 18.2%
Accrued charges and deferred income492/3---€0.9m€0.2m€0.2m€0.1m€0.06m▼ 35.9%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.6m-€25.0m-€0.6m-€0.8m€7.6m€1.9m€7.5m€0.7m▼ 91.1%
+ Depreciation and write-downs630€0.4m€0.4m€0.4m€0.2m€0.3m€0.4m€0.6m€0.8m▲ 41.4%
Operating cash flow (approximation)€1.0m-€24.6m-€0.2m-€0.5m€7.9m€2.3m€8.1m€1.5m▼ 81.6%
Investment in fixed assets (approximation)-€24.5m-€0.7m€4.8m-€0.8m-€1.3m€13.8m-€1.2m-
Change in cash--€0.09m-€0.004m€215--€27.3m-€23.2m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 26 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 18-06-2026 2026-00172867
31-12-2024 full format 19-06-2025 2025-00165130
31-12-2023 full format 26-06-2024 2024-00179556
31-12-2022 full format 20-06-2023 2023-00139920
31-12-2021 full format 28-06-2022 2022-20139815
31-12-2020 full format 16-06-2021 2021-20800098
31-12-2019 full format 30-06-2020 2020-24100095
31-12-2018 full format 24-06-2019 2019-22000295
31-12-2017 full format 25-06-2018 2018-23300020
31-12-2016 full format 03-07-2017 2017-27600353

Show all 26 filings

Similar companies · same sector, comparable size

Of the 1,202 active companies whose main activity is installation of industrial machinery and equipment (NACE 33200), figures are known for 693. 112 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €189,276 awarded · €189,276 paid
Year Entries AwardedPaid
2025 1 €9,655€9,655
2024 2 €93,254€93,254
2023 1 €38,263€38,263
2022 1 €48,104€48,104
Schemes
4 entries · €180,276 · €180,276 paid · Departement Werk en Sociale Economie
1 entry · €9,000 · €9,000 paid · Departement Werk en Sociale Economie

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
under verification, last change in 2024
This board is reconstructed from a single act (24048932). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 4

House of Covebo B.V.
Director · since 21-03-2024 · Legal entity · permanent representative: Hendrik Jan Willem BUITINK
Current
Leen GEIRNAERDT
Director · since 21-03-2024
Current
Thoros Consulting
Director · since 21-03-2024 · Private limited company · permanent representative: Thomas VANDEVELDE
Current
House of HR NV
Director · Legal entity · permanent representative: Rika COPPENS
Current

Day-to-day management 1

Thoros Consulting
Day-to-day manager · since 01-01-2024 · Private limited company · permanent representative: Thomas VANDEVELDE
Current

Permanent representatives 3

Hendrik Jan Willem BUITINK
Permanent representative · since 21-03-2024 · for House of Covebo B.V.
Current
Thomas VANDEVELDE
Permanent representative · since 21-03-2024 · for Thoros Consulting
Current
Rika COPPENS
Permanent representative · for House of HR NV
Current

Statutory auditor 1

CALLENS VANDELANOTTE
Statutory auditor · since 05-09-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
39 of this company's 45 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

8 people since 2024, 5 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
House of HR NV
  • Day-to-day manager, until 01-01-2024
  • Director, since before 21-03-2024
Thoros Consulting
  • Day-to-day manager, from 01-01-2024 to date
  • Director, from 21-03-2024 to date
House of Covebo B.V.
  • Director, from 21-03-2024 to date
Leen GEIRNAERDT
  • Director, from 21-03-2024 to date
CALLENS VANDELANOTTE
  • Statutory auditor, from 05-09-2024 to date
Wesfey DECORTE
  • Director, until 31-01-2024
Accent Group NV
  • Director, until 01-01-2024
Gritt NV
  • Director and day-to-day manager, until 01-01-2024
  • Director and day-to-day manager, until 01-01-2024
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Chain of control

  1. House of HR Holding BVNL consolidates
  2. LOGI - TECHNIC

Highest known parent: House of HR Holding BV (Netherlands). The sources do not say who stands above it.

Owners 1

According to the 2023 annual accounts of LOGI - TECHNIC and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 12-09-2022 ↗
  • enige aandeelhouder all shares

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

According to the 2023 annual accounts of LOGI - TECHNIC and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

3 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
GRITT
Shared corporate director
→

Board mandates elsewhere

1 board mandate
Board mandates of this companythis company sits on their board1
3 locations

History

LOGI - TECHNIC was incorporated on 8 April 1999.1 Turnover grew from €24.6m in 2018 to €34.9m in 2025 and headcount from 216 to 380 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
18-06
NBB filing Annual accounts filed
financial year 2025 · full format
2025
19-06
NBB filing Annual accounts filed
financial year 2024 · full format
2024
31-12
Financial Liquidity more than triplescurrent ratio 3.24
Current ratio from 1.04 to 3.24; short-term debt falls from €11.9m to €10.0m.
05-09
Gazette deed Reappointment: Callens Vandelanotte CVBA (statutory auditor)
2 facts ▸
  • General meeting, 08-06-2024
  • Auditor reappointment, Callens Vandelanotte CVBA (statutory auditor)
26-06
NBB filing Annual accounts filed
financial year 2023 · full format
21-03
Gazette deed Resignations: Gritt NV, Accent Group NV and 2 others
Permanent representatives: Diederik SOHIER, Leen GEIRNAERDT and 3 others · Appointments: House of Covebo B.V., Leen GEIRNAERDT and Thoros Consulting BV · Reappointment: House of HR NV (director)26 facts ▸
  • General meeting, 01-01-2024
  • Board meeting, 01-01-2024
  • General meeting, 31-01-2024
  • Director resignation, Gritt NV (director and day-to-day manager)
  • Director discharge, Gritt NV
  • Director discharge, Diederik SOHIER
  • Director resignation, Accent Group NV (director)
  • Director discharge, Accent Group NV
  • Director discharge, Leen GEIRNAERDT
  • Permanent representative, Diederik SOHIER
  • Permanent representative, Leen GEIRNAERDT
  • Director appointment, House of Covebo B.V. (director)
  • +14 further facts in this act
2023
20-06
NBB filing Annual accounts filed
financial year 2022 · full format
2022
31-12
Financial Back to profitnet €7.6m
Net result €7.6m after 3 loss-making years.
31-12
Financial Equity above €10mequity €15.5m ▲96.6%
Equity rises from €7.9m to €15.5m.
13-10
Gazette deed Permanent representatives: Leen Geirnaerdt, Andres Megias Cano and Rika Coppens
5 facts ▸
  • Permanent representative, Leen Geirnaerdt
  • Permanent representative, Andres Megias Cano
  • Director in office, Accent Group NV (director)
  • Director in office, House of HR NV (managing director)
  • Permanent representative, Rika Coppens
12-09
Gazette deed Capital & shares
Shareholding1 fact ▸
  • Shareholding, “artikel 2:8,§4 Wetboek van vennootschappen en verenigingen, vennootschapsdossier” (deed in Dutch)
15-07
Gazette deed Capital & shares · Amendment of the articles
Capital decrease · Power of attorney7 facts ▸
  • General meeting, “buitengewone algemene vergadering, Vennootschap” (deed in Dutch)
  • Capital decrease, €25,693,953.98
  • Other provision, “Vaststelling van de verwezenlijking van de kapitaalvermindering, TWEEDE BESLISSING” (deed in Dutch)
  • Amendment of the articles, 5
  • Power of attorney
  • Other provision, “uitreiking vóór registratie, artikel 173,1°bis van het Wetboek van registratierechten” (deed in Dutch)
  • Power of attorney, Yorik DESMYTTERE
Show earlier events
28-06
NBB filing Annual accounts filed
financial year 2021 · full format
2021
16-06
NBB filing Annual accounts filed
financial year 2020 · full format
2020
31-12
Financial Liquidity times 5current ratio 5.85
Current ratio from 1.16 to 5.85; short-term debt falls from €7.3m to €5.0m.
31-12
Financial Equity above €5mequity €8.7m
Equity rises from -€15.8m to €8.7m.
30-06
NBB filing Annual accounts filed
financial year 2019 · full format
2019
31-12
Financial Weakest financial yearnet -€25.0m
Net result drops to -€25.0m, the lowest in the series; recovery starts the following year.
24-06
NBB filing Annual accounts filed
financial year 2018 · full format
2018
25-06
NBB filing Annual accounts filed
financial year 2017 · full format
2017
03-07
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 26 annual accounts filed, the latest 10 are here; all 26 are under Financials. An act published in both Dutch and French appears here once.
6 of 45 deeds read
About the unread acts

Of the 45 Belgian Official Gazette deeds we know for this company, 6 have been read. The other 39 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded08-04-1999
Financial year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0465806569
Registered 22-04-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Recognitions · licences · registrations

Dual-learning approval

1 ended
Polyvalent touwtechnieker (so)
discontinued · 2017 to 2022

Legal Entity Identifier

64886NH7P1M16STQ2787
live in the LEI register

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Jabbeke · 9 establishment units since 1999
registered office establishment approximate All 9 establishment units on the map
Ground area
4.8 ha
Building footprint
9,247 m²
Building volume
71,322 m³
9 parcels, Flanders, Wallonia · tallest building 14.0 m. Linked by address, not a title deed.
6 companies at this address See who is registered here
9 establishment units
Logi-technic Industrie Jabbeke
Vlamingveld 3, 8490 JabbekeInstallation of industrial machinery and equipment
since 1999unit no. 2.090.997.623
Logi Technic NV Zwijndrecht
Lindenstraat 298, 2070 Beveren-Kruibeke-ZwijndrechtInstallation of industrial machinery and equipment
since 2015unit no. 2.239.244.109
Logi-technic NV Vilvoorde
Mechelsesteenweg 588, 1800 VilvoordeInstallation of industrial machinery and equipment
since 2016unit no. 2.250.932.213
LOGI TECHNIC NV - WEVELGEM
Vliegveld 49, 8560 WevelgemInstallation of industrial machinery and equipment
since 2017unit no. 2.268.587.597
LT NV Heusden Zolder
Terlaemenlaan 49, 3550 Heusden-ZolderInstallation of industrial machinery and equipment
since 2018unit no. 2.274.705.230
LT NV Nivelles P260
Chaussée de Mons 14, 1400 NivellesInstallation of industrial machinery and equipment
since 2018unit no. 2.274.893.191
Show 3 more locations
Logi-Technic Antwerpen
Rijnkaai 100, 2000 AntwerpenRepair and maintenance of machinery
since 2019unit no. 2.288.854.659
LT NV Luik
Chaussée de Liège 39, 4460 Grâce-HollogneRepair and maintenance of machinery
since 2019unit no. 2.293.002.992
Poortakkerstraat 21, 9051 Gent
Repair and maintenance of machinery
since 2022unit no. 2.332.531.086
9 parcels
Flanders 7 (77.8%) Wallonia 2 (22.2%)
Cadastral parcel Region Area Buildings Height / floors
25783E0247/00K000 Wallonia 1.0 ha 1 · 494 m² -
11056B0590/00F002 Flanders 9,368 m² 1 · 766 m² 7.8 m · 2
34302B0875/00Z012 Flanders 8,235 m² 1 · 3,094 m² 8.9 m · 3
11002A0026/02_000 Flanders 7,386 m² 1 · 1,002 m² 14.0 m · 4
44062A0307/00T000 Flanders 5,630 m² 1 · 2,545 m² 13.4 m · 3
31012B0689/00L000 Flanders 5,062 m² 1 · 1,085 m² 7.1 m · 2
71065F0607/00V000 Flanders 1,151 m² 1 · 117 m² 8.7 m · 1
62054A0077/00Y000 Wallonia 875 m² 1 · 70 m² 9.8 m · 3
23643G0519/00N003 Flanders 211 m² 1 · 74 m² 11.3 m · 3
How the parcels are linked
Good to know
All 9 parcels match the address exactly.