LOGICART
ActiveSummary
LOGICART has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €2k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 72 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-23
Solvency74▼-5
Growth50▼-17
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 2.56 in 2024; short-term debt: 32% and cash: 5.5% of total assets), but 51.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.8%
Return on assets
1.2%
Age of the figures
9 mo
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 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
60 d late
2023
30 d late
2022
32 d early
2021
43 d late
2020
61 d late
2019
74 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€129k▼ 5.3%
2021 · €137k
2019: €117k
2020: €116k▼ -0.4% vs 2019lowest in 4 years
2021: €137k▲ +17.7% vs 2020highest in 4 years
2022: €129k▼ -5.3% vs 2021
2019 → 2022
EBIT margin
14.9%▼ 4.8pp
2021 · 19.7%
2019: 6.6%lowest in 4 years
2020: 10.5%▲ +57.9% vs 2019
2021: 19.7%▲ +87.8% vs 2020highest in 4 years
2022: 14.9%▼ -24.5% vs 2021
2019 → 2022
Net result
€2k▼ 90.2%
2024 · €22k
2018: €6k
2019: €-16k▼ -387% vs 2018lowest in 8 years
2020: €11k▲ +167% vs 2019
2021: €18k▲ +63.6% vs 2020
2022: €11k▼ -39.4% vs 2021
2023: €18k▲ +67.0% vs 2022
2024: €22k▲ +20.2% vs 2023highest in 8 years
2025: €2k▼ -90.2% vs 2024
2018 → 2025
Working capital
€71k▲ 1.1%
2024 · €71k
2018: €62k
2019: €48k▼ -22.6% vs 2018
2020: €43k▼ -10.5% vs 2019lowest in 8 years
2021: €57k▲ +31.7% vs 2020
2022: €70k▲ +23.0% vs 2021
2023: €62k▼ -11.4% vs 2022
2024: €71k▲ +13.8% vs 2023
2025: €71k▲ +1.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€137k-€129k▼ 5.3%
2021: €137k
2022: €129k▼ -5.3% vs 2021
Equity€65k-€72k▲ 10.6%€91k▲ 25.2%€106k▲ 17.6%€87k▼ 18.1%
2021: €65klowest in 5 years
2022: €72k▲ +10.6% vs 2021
2023: €91k▲ +25.2% vs 2022
2024: €106k▲ +17.6% vs 2023highest in 5 years
2025: €87k▼ -18.1% vs 2024
Operating result€27k-€19k▼ 28.6%€39k▲ 100%€28k▼ 28.1%€9k▼ 68.7%
2021: €27k
2022: €19k▼ -28.6% vs 2021
2023: €39k▲ +100% vs 2022highest in 5 years
2024: €28k▼ -28.1% vs 2023
2025: €9k▼ -68.7% vs 2024lowest in 5 years
Net result€18k-€11k▼ 39.4%€18k▲ 67.0%€22k▲ 20.2%€2k▼ 90.2%
2021: €18k
2022: €11k▼ -39.4% vs 2021
2023: €18k▲ +67.0% vs 2022
2024: €22k▲ +20.2% vs 2023highest in 5 years
2025: €2k▼ -90.2% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 69% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179k
Fixed assets
€50k ▼ 38.7%
Current assets
€129k ▲ 11.2%
Equity and liabilities €179k
Equity
€87k ▼ 18.1%
Debt
€92k ▲ 0.5%
Debt's share of the balance-sheet total rises from 46.1% to 51.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24k▼
2024 · €38k
Cash flow
€17k▼
2024 · €33k
Current ratio
2.25▼
2024 · 2.56
Debt to equity
1.05▲
2024 · 0.86
ROE
2.5%▼
2024 · 20.6%
ROA
1.2%▼
2024 · 11.1%
Interest coverage
4.76▼
2024 · 44.22
Debt ≤ 1 year
€57k▲
2024 · €45k
Debt > 1 year
€34k▼
2024 · €46k
Income taxes
€6k▼
2024 · €8k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€198k€179k▼
Fixed assets21/28€82k€50k▼
Tangible fixed assets22/27€82k€50k▼
Furniture and vehicles24€79k€48k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€150€150=
Current assets29/58€116k€129k▲
Amounts receivable within one year40/41€94k€116k▲
Trade receivables40€28k€25k▼
Other amounts receivable41€66k€91k▲
Current investments50/53€2k€2k=
Cash at bank and in hand54/58€18k€10k▼
Deferred charges and accrued income490/1€2k€993▼
Equity and liabilities
Total equity and liabilities10/49€198k€179k▼
Equity10/15€106k€87k▼
Contributions10/11€8k€8k=
Outside capital11€8k€8k=
Other1109/19€8k€8k=
Profit (loss) carried forward14€98k€79k▼
Amounts payable17/49€91k€92k▲
Amounts payable after more than one year17€46k€34k▼
Financial debts170/4€46k€34k▼
Amounts payable within one year42/48€45k€57k▲
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€532€3k▲
Suppliers440/4€532€3k▲
Taxes, remuneration and social security45€27k€21k▼
Taxes450/3€27k€21k▼
Other amounts payable47/48€6k€21k▲
Income statement
Code20242025
Remuneration, social security and pensions62€417-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€41k€28k▼
Operating profit (loss)9901€28k€9k▼
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€1k€5k▲
Recurring financial charges65€868€5k▲
Non-recurring financial charges66B€145-
Profit (loss) for the period before taxes9903€30k€8k▼
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€22k€2k▼
Profit (loss) for the period to be appropriated9905€22k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€101k▼
Profit (loss) brought forward from the previous period14P€83k€98k▲
Profit to be distributed694/7€6k€21k▲
Return on contributions (dividend)694€6k€21k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €137k | €129k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €97k | €82k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €74 | - | €417 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €10k | €3k | €11k | €15k | ▲ 40.4% |
| Other operating charges640/8 | €17k | €24k | €22k | €2k | €2k | ▼ 1.6% |
| Non-recurring operating charges66A | - | - | - | - | €2k | - |
| Gross operating margin9900 | €55k | €54k | €63k | €41k | €28k | ▼ 31.0% |
| Operating profit (loss)9901 | €27k | €19k | €39k | €28k | €9k | ▼ 68.7% |
| Financial income75/76B | €4k | €18 | €3k | €4k | €4k | ▲ 23.7% |
| Recurring financial income75 | €4k | €18 | €3k | €4k | €4k | ▲ 23.7% |
| Financial charges65/66B | €391 | €294 | €13k | €1k | €5k | ▲ 390% |
| Recurring financial charges65 | €391 | €294 | €179 | €868 | €5k | ▲ 472% |
| Non-recurring financial charges66B | - | - | €13k | €145 | - | - |
| Profit (loss) for the period before taxes9903 | €30k | €19k | €29k | €30k | €8k | ▼ 73.3% |
| Income taxes67/77 | €12k | €8k | €11k | €8k | €6k | ▼ 28.6% |
| Profit (loss) for the period9904 | €18k | €11k | €18k | €22k | €2k | ▼ 90.2% |
| Profit (loss) for the period to be appropriated9905 | €18k | €11k | €18k | €22k | €2k | ▼ 90.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106k | €102k | €120k | €198k | €179k | ▼ 9.5% |
| Fixed assets21/28 | €12k | €2k | €29k | €82k | €50k | ▼ 38.7% |
| Tangible fixed assets22/27 | €11k | €2k | €28k | €82k | €50k | ▼ 38.8% |
| Plant, machinery and equipment23 | €496 | €182 | - | - | - | - |
| Furniture and vehicles24 | €11k | €2k | €28k | €79k | €48k | ▼ 39.4% |
| Other tangible fixed assets26 | - | - | - | €3k | €2k | ▼ 20.0% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €95k | €100k | €92k | €116k | €129k | ▲ 11.2% |
| Amounts receivable within one year40/41 | €91k | €96k | €89k | €94k | €116k | ▲ 22.9% |
| Trade receivables40 | €22k | €26k | €31k | €28k | €25k | ▼ 12.0% |
| Other amounts receivable41 | €69k | €69k | €59k | €66k | €91k | ▲ 37.9% |
| Current investments50/53 | €2k | €2k | €2k | €2k | €2k | = |
| Cash at bank and in hand54/58 | - | €383 | - | €18k | €10k | ▼ 45.0% |
| Deferred charges and accrued income490/1 | €2k | €2k | €403 | €2k | €993 | ▼ 36.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106k | €102k | €120k | €198k | €179k | ▼ 9.5% |
| Equity10/15 | €65k | €72k | €91k | €106k | €87k | ▼ 18.1% |
| Contributions10/11 | €6k | €6k | €8k | €8k | €8k | = |
| Capital10 | €6k | €6k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Uncalled capital101 | €12k | €12k | - | - | - | - |
| Outside capital11 | - | - | €8k | €8k | €8k | = |
| Other1109/19 | - | - | €8k | €8k | €8k | = |
| Reserves13 | €2k | €2k | - | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Profit (loss) carried forward14 | €57k | €64k | €83k | €98k | €79k | ▼ 19.6% |
| Amounts payable17/49 | €41k | €30k | €30k | €91k | €92k | ▲ 0.5% |
| Amounts payable after more than one year17 | €3k | - | - | €46k | €34k | ▼ 25.4% |
| Financial debts170/4 | €3k | - | - | €46k | €34k | ▼ 25.4% |
| Amounts payable within one year42/48 | €38k | €30k | €30k | €45k | €57k | ▲ 26.9% |
| Current portion of amounts payable after more than one year42 | €9k | €3k | - | €11k | €12k | ▲ 3.7% |
| Financial debts43 | €1k | - | €4k | - | - | - |
| Credit institutions430/8 | €1k | - | €4k | - | - | - |
| Trade debts44 | €624 | €785 | €1k | €532 | €3k | ▲ 516% |
| Suppliers440/4 | €624 | €785 | €1k | €532 | €3k | ▲ 516% |
| Taxes, remuneration and social security45 | €21k | €22k | €24k | €27k | €21k | ▼ 23.6% |
| Taxes450/3 | €21k | €22k | €21k | €27k | €21k | ▼ 23.6% |
| Remuneration and social security454/9 | - | - | €4k | - | - | - |
| Other amounts payable47/48 | €6k | €4k | - | €6k | €21k | ▲ 257% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €11k | €18k | €22k | €2k | ▼ 90.2% |
| + Depreciation and write-downs630 | €11k | €10k | €3k | €11k | €15k | ▲ 40.4% |
| Operating cash flow (approximation) | €29k | €21k | €21k | €33k | €17k | ▼ 47.4% |
| Investment in fixed assets (approximation) | - | €-1k | €-29k | €-64k | €17k | ▲ 126% |
| Change in cash | - | - | - | - | €-8k | - |
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
Next filing, fiscal year 2026, expected by
2026
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €22k ▲20.2%
Net result €22k, the highest in the series.
31-12
Financial
Equity above €100kEq €106k ▲17.6%
5 profitable years in a row build equity to €106k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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
Registered office, Braine-l'Alleud · 1 establishment unit since 2000
Ground area
745 m²
Building footprint
181 m²
Volume, LiDAR
1,589 m³
2 parcels, Brussels, Wallonia · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PRICEOFTELECOM
since 20002.096.871.170
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25054A0001/00E002 | Wallonia | 595 m² | 1 · 104 m² | 12.9 m · 2 fl. |
| 21364B0133/00K002 | Brussels | 150 m² | 1 · 77 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,374 companies in sector 61100 we hold annual accounts for 584. 411 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
Scores and ratios are computed by Checked and are not a credit decision.