LOGIC CARS
InactiveLOGIC CARS was declared bankrupt on 16-05-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 22-04-2025, published in the Belgian State Gazette on 07-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-09-2022, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
60 d late
2020
34 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-6k▲ 44.2%
2020 · €-12k
2020: €-12k
2020 → 2021
Total assets
€77k▲ 722%
2020 · €9k
2020: €9k
2020 → 2021
Net result
€-10k▲ 15.2%
2020 · €-12k
2020: €-12k
2020 → 2021
Working capital
€-8k▲ 37.7%
2020 · €-14k
2020: €-14k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€-12k-€-6k▲ 44.2%
Operating result€-12k-€-10k▲ 15.8%
Net result€-12k-€-10k▲ 15.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2021 against €12k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €77k
Fixed assets
€2k =
Current assets
€75k ▲ 917%
Key figures and ratios
Solvency
-8.4%▲
2020 · -123.7%
Current ratio
0.90▲
2020 · 0.35
Quick ratio
0.55▲
2020 · 0.00
Debt to equity
-12.91
ROA
-12.8%▲
2020 · -123.7%
Debt
€84k▲
2020 · €21k
Debt ≤ 1 year
€84k▲
2020 · €21k
Staff costs
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 35 lines
Balance sheet
Code20202021
Assets
Total assets20/58€9k€77k▲
Formation expenses20€0-
Fixed assets21/28€2k€2k=
Financial fixed assets28€2k€2k=
Current assets29/58€7k€75k▲
Stocks and contracts in progress3€7k€29k▲
Stocks30/36-€29k
Amounts receivable within one year40/41-€4k
Trade receivables40-€4k
Cash at bank and in hand54/58-€42k
Equity and liabilities
Total equity and liabilities10/49€9k€77k▲
Equity10/15€-12k€-6k▲
Contributions10/11-€15k
Profit (loss) carried forward14€-12k€-21k▼
Amounts payable17/49€21k€84k▲
Amounts payable within one year42/48€21k€84k▲
Trade debts44€1k€3k▲
Suppliers440/4-€3k
Advances received on contracts in progress46-€8k
Taxes, remuneration and social security45-€7k
Taxes450/3-€3k
Remuneration and social security454/9-€4k
Other amounts payable47/48-€65k
Income statement
Code20202021
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€958-
Other operating charges640/8-€2k
Gross operating margin9900€-10k€-3k▲
Operating profit (loss)9901€-12k€-10k▲
Financial charges65/66B-€69
Recurring financial charges65-€69
Profit (loss) for the period before taxes9903€-12k€-10k▲
Profit (loss) for the period9904€-12k€-10k▲
Profit (loss) for the period to be appropriated9905€-12k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-21k
Profit (loss) brought forward from the previous period14P-€-12k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · LOGIC CARS BV GRENSSTRAAT 166/3, 1970 WEZEMBEEK-OPPEM · event 22-04-2025
2023
25-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · LOGIC CARS BV GRENS- STRAAT 166/3, 1970 WEZEMBEEK-OPPEM · event 16-05-2023
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 34 days late
SignalNBB filing
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES ARNAUTS-SMEETS KUNSTLAAN 24 BUS 9,
1000 BRUSSEL 1 |
16-05-2023 → 22-04-2025 |