Equity
€87,203 ▼ 18.1%
LOGICART paid out €21,429 in dividends. That is 1,001% of the 2025 profit.
LOGICART
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €63,496 (2023)
€28,169▼ 31.0%
lowest -€28,530 (2016)
€2,141▼ 90.2%
peak €106,491 (2024)
€87,203▼ 18.1%
€91,596▲ 0.5%
Board1 name since 2019
-
Documentsfilings and deeds
18-07-202613 days before the deadline
2025financial year
Gross margin from €40,847 to €28,169Result from €21,908 to €2,141Dividend €21,429Equity from €106,491 to €87,203Cash from €17,953 to €9,883
Key points
from the 2025 annual accountsChecked score
68
Healthy
Financially stronger than 41% of micro companies in telecommunications (NACE 61)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 527 companies (NACE 61, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.2%▼ -0.1 percentage points vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.2 percentage points vs 06-2025
08-2025: 1.9%▲ +0.5 percentage points vs 07-2025
09-2025: 2.1%▲ +0.2 percentage points vs 08-2025
10-2025: 2.8%▲ +0.7 percentage points vs 09-2025highest value
11-2025: 0.6%▼ -2.2 percentage points vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026lowest value
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.1 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Telecommunications (NACE 61)
1 of the last 3 accounts late
Size: total assets €178,799
lowers risk
Founded in 2000
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 61, micro). It does better than 56% of them on solvency, 41% on liquidity, 41% on profitability and 26% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as LOGICART has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOGICART itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 17,041 companies, not a prediction for LOGICART. 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.25 (2.56 in 2024), above the usual 1.5. Short-term debt is 32% and cash 5.5% of total assets. However, 51.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
60 days late
2023
30 days late
2022
32 days early
2021
43 days late
2020
61 days late
2019
74 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473095427
Change of role: SPAEY, from manager to director
“À la recherche, au développement, à la production, à la commercialisation et à l'utilisation sur les marchés…” (deed in French) · Legal-form conversion: to private limited company · General meeting of 08-10-2020 · Gazette deed
First establishment
PRICEOFTELECOM, Koningsveldstraat 52, Etterbeek
Incorporation
published on 31-10-2000 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LOGICART Braine-l'Alleud | €178,799 | €28,169 | 48.8% | - |
| THE PROJECT ENGINEERING COMPANY Overijse | €149,268 | €35,813 | 28.8% | - |
| DATAVISION Jodoigne | €132,777 | €25,642 | 16.8% | - |
| TELESOUSS Brussels | €197,277 | €19,029 | 35.0% | - |
| MICROLAB Ixelles | €119,642 | €25,461 | 60.7% | - |
| TELEGROUP Gistel | €111,389 | €32,818 | 30.6% | - |
| SPINGHAR Brussels | €131,165 | €40,922 | 53.1% | - |
These companies have the same main activity as LOGICART: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €111,000 and €197,000, founded between 1995 and 2004.
Official details
Source: KBO- Status
- Active since 23-10-2000Normal situation
- Activity
- Wired, wireless and satellite telecommunicationsNACE 61100
- Establishment unit
- 2.096.871.1701040 Etterbeek, since 22-12-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 30-06-2025
Annual accounts 2025
- €178,799▼ 9.5%
- Filing
- Filed on 18-07-2026, 13 days before the end of the filing period
Insights on LOGICART
LOGICART has existed since 2000. The gross margin grew from €5,106 in 2006 to €28,169 in 2025.
Solvency fell in 2025 from 53.9% to 48.8% because of the dividend and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LOGICART
- What is the company number of LOGICART?
- The company number of LOGICART is 0473.095.427. The VAT number is the same number with BE in front: BE 0473.095.427.
- Where is LOGICART based?
- The registered office is at Avenue du Tonnelier 15, 1428 Braine-l'Alleud.Company details
- What does LOGICART do?
- According to the KBO register, the main activity is wired, wireless and satellite telecommunications (NACE 61100).
- What is the legal form of LOGICART?
- LOGICART is a private limited company (BV).
- When was LOGICART founded?
- LOGICART was founded on 23-10-2000.
- Is LOGICART still active?
- Yes, LOGICART is an active enterprise in the KBO register.
- What is the turnover of LOGICART?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €28,169 and 1,231 comparable companies of the same size. It probably lies between €54,000 and €190,000. It is a rough estimate. In financial year 2022 turnover was €129,445.Financials
- Is LOGICART profitable?
- In financial year 2025, LOGICART made a profit of €2,141.
- Where can I find the annual accounts of LOGICART?
- LOGICART filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LOGICART due?
- LOGICART must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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