LOGIC SOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of LOGIC SOLUTION is 4.3% (elevated). The 2024 annual accounts show equity of €48,791 and a net result of €14,595. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 26049 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).
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Signals
This company filed its last 6 accounts on average 121 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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.
| Line | 2019 | 2020 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,848 | €9,923 | ▲ 26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,765 | €163 | €1,741 | €1,313 | ▼ 24.6% |
| Other operating charges640/8 | - | - | - | €50 | - |
| Gross operating margin9900 | €4,816 | -€3,698 | €43,630 | €31,981 | ▼ 26.7% |
| Operating profit (loss)9901 | -€1,692 | -€6,726 | €34,041 | €20,695 | ▼ 39.2% |
| Financial charges65/66B | - | - | €447 | €373 | ▼ 16.4% |
| Recurring financial charges65 | €515 | €111 | €447 | €360 | ▼ 19.5% |
| Non-recurring financial charges66B | - | - | - | €13 | - |
| Profit (loss) for the period before taxes9903 | -€2,207 | -€6,837 | €33,594 | €20,322 | ▼ 39.5% |
| Income taxes67/77 | €3,118 | - | €7,250 | €5,726 | ▼ 21.0% |
| Profit (loss) for the period9904 | -€5,325 | -€6,837 | €26,345 | €14,595 | ▼ 44.6% |
| Profit (loss) for the period to be appropriated9905 | -€5,325 | -€6,837 | €26,345 | €14,595 | ▼ 44.6% |
| Line | 2019 | 2020 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €17,541 | €13,684 | €68,666 | €72,785 | ▲ 6.0% |
| Fixed assets21/28 | €612 | €3,933 | €2,934 | €2,199 | ▼ 25.1% |
| Tangible fixed assets22/27 | €402 | €3,723 | €2,331 | €1,596 | ▼ 31.5% |
| Furniture and vehicles24 | - | - | €1,929 | €1,194 | ▼ 38.1% |
| Other tangible fixed assets26 | - | - | €402 | €402 | = |
| Financial fixed assets28 | €210 | €210 | €603 | €603 | = |
| Current assets29/58 | €16,929 | €9,751 | €65,732 | €70,586 | ▲ 7.4% |
| Stocks and contracts in progress3 | €3,734 | €1,154 | €980 | €980 | = |
| Stocks30/36 | - | - | €980 | €980 | = |
| Amounts receivable within one year40/41 | €8,573 | €4,335 | €25,717 | €22,948 | ▼ 10.8% |
| Trade receivables40 | - | - | - | €12,196 | - |
| Other amounts receivable41 | - | - | €25,717 | €10,752 | ▼ 58.2% |
| Cash at bank and in hand54/58 | €2,801 | €3,800 | €34,124 | €46,658 | ▲ 36.7% |
| Deferred charges and accrued income490/1 | - | - | €4,911 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €17,541 | €13,684 | €68,666 | €72,785 | ▲ 6.0% |
| Equity10/15 | €9,524 | €2,687 | €34,195 | €48,791 | ▲ 42.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€9,076 | -€15,913 | €15,595 | €30,191 | ▲ 93.6% |
| Amounts payable17/49 | €8,017 | €10,998 | €34,471 | €23,994 | ▼ 30.4% |
| Amounts payable within one year42/48 | €8,017 | €10,998 | €34,471 | €23,994 | ▼ 30.4% |
| Trade debts44 | €3,174 | €8,869 | €7,155 | €6,742 | ▼ 5.8% |
| Suppliers440/4 | - | - | €7,155 | €6,742 | ▼ 5.8% |
| Taxes, remuneration and social security45 | - | - | €17,291 | €17,225 | ▼ 0.4% |
| Taxes450/3 | - | - | €8,616 | €16,340 | ▲ 89.7% |
| Remuneration and social security454/9 | - | - | €8,675 | €886 | ▼ 89.8% |
| Other amounts payable47/48 | - | - | €10,025 | €26 | ▼ 99.7% |
| Line | 2019 | 2020 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,325 | -€6,837 | €26,345 | €14,595 | ▼ 44.6% |
| + Depreciation and write-downs630 | €1,765 | €163 | €1,741 | €1,313 | ▼ 24.6% |
| Operating cash flow (approximation) | -€3,560 | -€6,674 | €28,086 | €15,908 | ▼ 43.4% |
| Investment in fixed assets (approximation) | - | -€3,485 | - | -€578 | - |
| Change in cash | - | €999 | - | €12,534 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Show earlier events
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
| 21526D0069/02A005 | Brussels | 310 m² | 1 · 243 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.