LOGICAL PLUS
ActiveSummary
The annual accounts of LOGICAL PLUS for financial year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €2,601 and a net result of -€3,448. Equity has been shrinking by about 10% per year since 2018. Its solvency ranks better than 20% of 21,130 sector peers (NACE 62, financial year 2025). The company has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-10-1983 Normal situation
- Activity
- Computer programming NACE 62100
- Establishment unit
- 2.023.197.591 1150 Sint-Pieters-Woluwe, since 13-10-1983
- Financial year end
- 30 November
- Peppol
- Reachable since 03-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€2,086
- Loss
- €3,448
- Equity
- €2,601
- ▼ 57.0%
- Total assets
- €13,645
- ▼ 4.0%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €3,448 (financial year 2025)lowers riskSize: total assets €13,645Sector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.09, cash €11,573Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 21% of them on solvency, 38% on liquidity, 5% on profitability and 13% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-06-2026 PDF all 37 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €2,979, after a profit of €908 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as LOGICAL PLUS: computer programming (NACE 62100). They are comparable in size and age: total assets between €10,200 and €19,400, founded between 1983 and 1991.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| LOGICAL PLUS Ukkel | 1983 | €13,645 | €2,601 | -€2,086 | -€3,448 | 2025 |
| KANTOOR VAN DER CRUYS Ternat | 1983 | €16,336 | -€34,171 | -€10,080 | -€12,034 | 2025 |
| artichok.net sprl Watermaal-Bosvoorde | 1988 | €18,590 | -€44,898 | -€1,263 | -€1,759 | 2025 |
| BUREAU LEFEBVRE Brussel | 1987 | €19,377 | -€9,498 | -€4,575 | -€11,310 | 2025 |
| INDUSTRIAL AND DOMOTICAL AUTOMATION Gent | 1991 | €12,472 | €8,315 | -€1,475 | -€5,108 | 2025 |
| TELECOM SOLUTION Wavre | 1991 | €11,366 | €898 | €653 | -€74 | 2025 |
| SYNERLINE Crisnée | 1987 | €10,224 | -€74,734 | -€723 | -€1,207 | 2025 |
They were chosen from the 9,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,221 companies had the same profile as LOGICAL PLUS has now. Two years later, 3.8% had gone bankrupt and 88.6% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LOGICAL PLUS itself is lower: 0.1% within 12 months. It rests on far more data about LOGICAL PLUS than the profile alone.
Test of the method
The method was tested on the 497,445 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 1,221 companies, not a prediction for LOGICAL PLUS. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,940 | €3,191 | €2,800 | €2,800 | €2,800 | €2,800 | €1,549 | €389 | ▼ 74.9% |
| Other operating charges640/8 | - | - | - | €402 | €57 | €429 | €500 | €505 | ▲ 1.0% |
| Gross operating margin9900 | -€1,532 | €2,908 | €8,180 | €1,422 | €3,954 | €635 | €2,957 | -€2,086 | - |
| Operating profit (loss)9901 | -€3,524 | -€335 | €4,978 | -€1,780 | €1,098 | -€2,594 | €908 | -€2,979 | - |
| Financial income75/76B | - | - | - | €4 | €10 | €179 | €20 | €0 | ▼ 98.0% |
| Recurring financial income75 | - | €5 | - | €4 | €10 | €179 | €20 | €0 | ▼ 98.0% |
| Financial charges65/66B | - | - | - | €70 | €471 | €135 | €533 | €213 | ▼ 60.0% |
| Recurring financial charges65 | €921 | €1,485 | €6 | €70 | €471 | €135 | €533 | €213 | ▼ 60.0% |
| Profit (loss) for the period before taxes9903 | -€4,445 | -€5,816 | €4,972 | -€1,846 | €637 | -€2,550 | €395 | -€3,192 | - |
| Income taxes67/77 | - | - | - | - | - | - | - | €256 | - |
| Profit (loss) for the period9904 | -€4,445 | -€5,816 | €4,972 | -€1,846 | €637 | -€2,550 | €395 | -€3,448 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,445 | -€5,816 | €4,972 | -€1,846 | €637 | -€2,550 | €395 | -€3,448 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €13,005 | €14,390 | €27,078 | €10,402 | €9,644 | €13,408 | €14,211 | €13,645 | ▼ 4.0% |
| Fixed assets21/28 | €1,940 | €5,005 | €11,890 | €9,090 | €6,291 | €3,491 | €1,943 | €1,554 | ▼ 20.0% |
| Tangible fixed assets22/27 | €1,940 | €5,005 | €11,890 | €9,090 | €6,291 | €3,491 | €1,943 | €1,554 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | - | - | - | €6,291 | €3,491 | €1,943 | €1,554 | ▼ 20.0% |
| Furniture and vehicles24 | - | - | - | €9,090 | - | - | - | - | - |
| Current assets29/58 | €11,066 | €9,386 | €15,188 | €1,312 | €3,353 | €9,917 | €12,269 | €12,091 | ▼ 1.4% |
| Amounts receivable within one year40/41 | €6,093 | €7,350 | €10,251 | €943 | €2,634 | €8,767 | €4,422 | €519 | ▼ 88.3% |
| Trade receivables40 | - | - | - | €902 | €902 | €1,555 | €4,422 | €85 | ▼ 98.1% |
| Other amounts receivable41 | - | - | - | €42 | €1,732 | €7,211 | - | €434 | - |
| Cash at bank and in hand54/58 | €4,973 | €2,036 | €4,937 | €368 | €269 | €1,150 | €7,847 | €11,573 | ▲ 47.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €450 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €13,005 | €14,390 | €27,078 | €10,402 | €9,644 | €13,408 | €14,211 | €13,645 | ▼ 4.0% |
| Equity10/15 | €10,256 | €4,440 | €9,412 | €7,566 | €8,203 | €5,654 | €6,049 | €2,601 | ▼ 57.0% |
| Contributions10/11 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Profit (loss) carried forward14 | -€14,533 | -€20,349 | -€15,377 | -€17,223 | -€16,586 | -€19,135 | -€18,740 | -€22,188 | ▼ 18.4% |
| Amounts payable17/49 | €2,750 | €9,951 | €17,666 | €2,836 | €1,440 | €7,755 | €8,163 | €11,045 | ▲ 35.3% |
| Amounts payable within one year42/48 | €2,750 | €9,951 | €17,666 | €2,836 | €1,440 | €7,755 | €8,163 | €11,045 | ▲ 35.3% |
| Trade debts44 | €277 | €2,072 | €10,166 | €161 | €11 | €5,091 | €5,847 | €6,161 | ▲ 5.4% |
| Suppliers440/4 | - | - | - | €161 | €11 | €5,091 | €5,847 | €6,161 | ▲ 5.4% |
| Taxes, remuneration and social security45 | - | - | - | €2,675 | €1,430 | €2,663 | €1,892 | €392 | ▼ 79.3% |
| Taxes450/3 | - | - | - | €2,675 | €1,430 | €2,663 | €1,892 | €392 | ▼ 79.3% |
| Other amounts payable47/48 | - | - | - | - | - | - | €424 | €4,491 | ▲ 960% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,445 | -€5,816 | €4,972 | -€1,846 | €637 | -€2,550 | €395 | -€3,448 | - |
| + Depreciation and write-downs630 | €1,940 | €3,191 | €2,800 | €2,800 | €2,800 | €2,800 | €1,549 | €389 | ▼ 74.9% |
| Operating cash flow (approximation) | -€2,505 | -€2,625 | €7,772 | €954 | €3,437 | €250 | €1,944 | -€3,059 | - |
| Investment in fixed assets (approximation) | - | -€6,256 | -€9,685 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,937 | €2,902 | -€4,569 | -€99 | €881 | €6,697 | €3,726 | ▼ 44.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-11-2025 | micro format | 02-06-2026 | 2026-00132366 | |
| 30-11-2024 | micro format | 26-07-2025 | 2025-00312256 | |
| 30-11-2023 | micro format | 25-08-2024 | 2024-00378368 | |
| 30-11-2022 | micro format | 20-06-2023 | 2023-00145306 | |
| 30-11-2021 | micro format | 08-06-2022 | 2022-20056747 | |
| 30-11-2020 | micro format | 28-06-2021 | 2021-25700573 | |
| 30-11-2019 | micro format | 25-06-2020 | 2020-20600474 | |
| 30-11-2018 | micro format | 02-07-2019 | 2019-27000117 | |
| 30-11-2017 | micro format | 29-06-2018 | 2018-25400328 | |
| 30-11-2016 | full format | 17-09-2017 | 2017-62000247 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
LOGICAL PLUS shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of LOGICAL PLUS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21684B0059/00M013 | Brussels | 263 m² | 1 · 78 m² | 11.1 m · 3 |
| 21016B0193/00D007 | Brussels | 215 m² | 1 · 133 m² | 15.2 m · 2 |