LOGIC SOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of LOGIC SOLUTION is 12.4% (high). The 2024 annual accounts show equity of €48,791 and a net result of €14,595. Equity is growing by about 41% per year across the filed financial years. Its solvency ranks better than 78% of 26,027 sector peers (NACE 47, financial year 2024). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).
Overview
- Staff
- 0.9 FTE
- Equity
- €48,791
- Profit
- €14,595
Why 35raises risk2 changes of registered office in 24 monthsFigures for financial year 2024 (filed 08-01-2026)1 financial year not filed after the legal deadline; latest accounts 152 days late; 3 of the last 3 latelowers riskLiquidity: current ratio 2.94, cash €46,658Show the evidence
Checked score
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 47, micro): better than 78% on solvency, 88% on liquidity, 88% on profitability and 84% on growth.
The bankruptcy probability was computed on 09-10-2026 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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Signals
This company filed its last 6 accounts on average 121 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
- Address struckLouizalaan 209 1050 L’adresse du…
- Address strikeout annulledKBO administration
- Registered officeRegistered-office move · Director in…
Financials · financial year 2024, micro format
2019 to 2024, 4 financial years 2019 to 2024, 4 financial years
The operating result falls in 2024; 2024 is 39% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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).
Peer companies
Historical observationOf the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% 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 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 12.4% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 31,372 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.
Similar companies · same sector, comparable size
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BIDOUL Geoffrey Jean C |
|
| AZOUGAGH Naïma |
|
Owners and capital
Capital and shareholders
- BIDOUL Geoffrey Jean C 190 shares
- AZOUGAGH Naïma to BIDOUL Geoffrey Jean C 190 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-05
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- General meeting, 15-02-2026
- Registered-office move, AVENUE LOUISE 209 - 1050 BRUXELLES
- Director in office, BIDOUL GEOFFREY (director)
22-10
Gazette deed
Resignation: AZOUGAGH Naïma (director)Appointment: BIDOUL Geoffrey Jean C (director) · Share transfer · Registered-office move6 facts ▸
- General meeting, 08-10-2025
- Director resignation, AZOUGAGH Naïma (director)
- Share transfer, AZOUGAGH Naïma → BIDOUL Geoffrey Jean C
- Director appointment, BIDOUL Geoffrey Jean C (director)
- Registered-office move, 1080 Bruxelles, avenue de la Liberté n°175
- Shareholding, 190
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette acts we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 9 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 |
| 21526D0069/02A005 | Brussels | 310 m² | 1 · 243 m² | 10.9 m · 2 |