Logicflex
ActiveSummary
Logicflex has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-31
Solvency27▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.52 in 2024; short-term debt: 17.2% and cash: 5.6% of total assets), but 98.4% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.6%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 10%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
8 d early
2023
9 d early
2022
6 d early
2021
5 d early
2020
9 d early
2019
9 d early
← 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, micro schema
Equity
€13k▼ 44.1%
2024 · €23k
2018: €-34k
2019: €-70k▼ -103% vs 2018lowest in 8 years
2020: €-570▲ +99.2% vs 2019
2021: €26k▲ +4737% vs 2020highest in 8 years
2022: €2k▼ -92.2% vs 2021
2023: €-20k▼ -1091% vs 2022
2024: €23k▲ +213% vs 2023
2025: €13k▼ -44.1% vs 2024
2018 → 2025
Total assets
€789k▼ 3.5%
2024 · €817k
2018: €713k
2019: €670k▼ -6.1% vs 2018lowest in 8 years
2020: €891k▲ +33.0% vs 2019
2021: €861k▼ -3.4% vs 2020
2022: €893k▲ +3.8% vs 2021highest in 8 years
2023: €823k▼ -7.9% vs 2022
2024: €817k▼ -0.6% vs 2023
2025: €789k▼ -3.5% vs 2024
2018 → 2025
Net result
€-10k
2024 · €43k
2018: €36k
2019: €-35k▼ -197% vs 2018lowest in 8 years
2020: €69k▲ +296% vs 2019highest in 8 years
2021: €27k▼ -61.0% vs 2020
2022: €-24k▼ -190% vs 2021
2023: €-22k▲ +8.2% vs 2022
2024: €43k▲ +293% vs 2023
2025: €-10k▼ -123% vs 2024
2018 → 2025
Working capital
€79k▲ 10.7%
2024 · €71k
2018: €-2k
2019: €-17k▼ -770% vs 2018lowest in 8 years
2020: €36k▲ +309% vs 2019
2021: €48k▲ +32.0% vs 2020
2022: €26k▼ -45.1% vs 2021
2023: €20k▼ -24.8% vs 2022
2024: €71k▲ +262% vs 2023
2025: €79k▲ +10.7% 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
Equity€26k-€2k▼ 92.2%€-20k€23k€13k▼ 44.1%
2021: €26khighest in 5 years
2022: €2k▼ -92.2% vs 2021
2023: €-20k▼ -1091% vs 2022lowest in 5 years
2024: €23k▲ +213% vs 2023
2025: €13k▼ -44.1% vs 2024
Operating result€38k-€-15k€-13k▲ 12.7%€53k€15k▼ 71.4%
2021: €38k
2022: €-15k▼ -139% vs 2021lowest in 5 years
2023: €-13k▲ +12.7% vs 2022
2024: €53k▲ +512% vs 2023highest in 5 years
2025: €15k▼ -71.4% vs 2024
Net result€27k-€-24k€-22k▲ 8.2%€43k€-10k
2021: €27k
2022: €-24k▼ -190% vs 2021lowest in 5 years
2023: €-22k▲ +8.2% vs 2022
2024: €43k▲ +293% vs 2023highest in 5 years
2025: €-10k▼ -123% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €789k
Fixed assets
€574k ▼ 5.7%
Current assets
€215k ▲ 3.1%
Equity and liabilities €789k
Equity
€13k ▼ 44.1%
Debt
€776k ▼ 2.3%
Debt's share of the balance-sheet total rises from 97.2% to 98.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€96k▼
2024 · €131k
Cash flow
€70k▼
2024 · €122k
Current ratio
1.58▲
2024 · 1.52
Quick ratio
1.48▲
2024 · 1.38
Debt to equity
60.47▲
2024 · 34.58
ROE
-79.0%▼
2024 · 188.5%
ROA
-1.3%▼
2024 · 5.3%
Interest coverage
3.23▼
2024 · 9.54
Debt ≤ 1 year
€136k▼
2024 · €137k
Debt > 1 year
€640k▼
2024 · €657k
Income taxes
€206▲
2024 · €13
Staff costs
€202k▲
2024 · €171k
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€817k€789k▼
Fixed assets21/28€609k€574k▼
Tangible fixed assets22/27€609k€574k▼
Land and buildings22€451k€422k▼
Plant, machinery and equipment23€157k€127k▼
Furniture and vehicles24€1k€5k▲
Leasing and similar rights25-€20k
Current assets29/58€208k€215k▲
Stocks and contracts in progress3€19k€14k▼
Stocks30/36€19k€14k▼
Amounts receivable within one year40/41€84k€149k▲
Trade receivables40€75k€139k▲
Other amounts receivable41€10k€11k▲
Cash at bank and in hand54/58€101k€44k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€817k€789k▼
Equity10/15€23k€13k▼
Contributions10/11€14k€14k=
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€-3k€-14k▼
Amounts payable17/49€794k€776k▼
Amounts payable after more than one year17€657k€640k▼
Financial debts170/4€657k€640k▼
Amounts payable within one year42/48€137k€136k▼
Current portion of amounts payable after more than one year42€52k€37k▼
Trade debts44€28k€37k▲
Suppliers440/4€28k€37k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€13€80▲
Remuneration and social security454/9€4k€7k▲
Other amounts payable47/48€54k€54k▲
Income statement
Code20242025
Remuneration, social security and pensions62€171k€202k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€80k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A-€293
Gross operating margin9900€306k€302k▼
Operating profit (loss)9901€53k€15k▼
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€14k€30k▲
Recurring financial charges65€14k€30k▲
Profit (loss) for the period before taxes9903€43k€-10k▼
Income taxes67/77€13€206▲
Profit (loss) for the period9904€43k€-10k▼
Profit (loss) for the period to be appropriated9905€43k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-14k▼
Profit (loss) brought forward from the previous period14P€-47k€-3k▲
The notes to these accounts (11 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | - | - | - | - |
| Remuneration, social security and pensions62 | €81k | €99k | €114k | €171k | €202k | ▲ 18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62k | €70k | €82k | €78k | €80k | ▲ 2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-3k | - | - | - | - |
| Other operating charges640/8 | €3k | €6k | €3k | €4k | €4k | ▲ 8.0% |
| Non-recurring operating charges66A | €1k | - | €456 | - | €293 | - |
| Gross operating margin9900 | €185k | €158k | €187k | €306k | €302k | ▼ 1.4% |
| Operating profit (loss)9901 | €38k | €-15k | €-13k | €53k | €15k | ▼ 71.4% |
| Financial income75/76B | €3k | €3k | €4k | €4k | €4k | ▲ 10.7% |
| Recurring financial income75 | €3k | €3k | €4k | €4k | €4k | ▲ 10.7% |
| Financial charges65/66B | €13k | €13k | €14k | €14k | €30k | ▲ 115% |
| Recurring financial charges65 | €13k | €13k | €14k | €14k | €30k | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €28k | €-24k | €-22k | €43k | €-10k | ▼ 123% |
| Income taxes67/77 | €1k | - | - | €13 | €206 | ▲ 1,537% |
| Profit (loss) for the period9904 | €27k | €-24k | €-22k | €43k | €-10k | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | €27k | €-24k | €-22k | €43k | €-10k | ▼ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €861k | €893k | €823k | €817k | €789k | ▼ 3.5% |
| Fixed assets21/28 | €718k | €736k | €669k | €609k | €574k | ▼ 5.7% |
| Tangible fixed assets22/27 | €718k | €736k | €669k | €609k | €574k | ▼ 5.7% |
| Land and buildings22 | €548k | €516k | €483k | €451k | €422k | ▼ 6.4% |
| Plant, machinery and equipment23 | €149k | €207k | €181k | €157k | €127k | ▼ 19.3% |
| Furniture and vehicles24 | €21k | €13k | €5k | €1k | €5k | ▲ 305% |
| Leasing and similar rights25 | - | - | - | - | €20k | - |
| Current assets29/58 | €142k | €157k | €153k | €208k | €215k | ▲ 3.1% |
| Stocks and contracts in progress3 | €20k | €29k | €26k | €19k | €14k | ▼ 27.7% |
| Stocks30/36 | €20k | €29k | €26k | €19k | €14k | ▼ 27.7% |
| Amounts receivable within one year40/41 | €78k | €112k | €81k | €84k | €149k | ▲ 77.3% |
| Trade receivables40 | €67k | €100k | €78k | €75k | €139k | ▲ 85.8% |
| Other amounts receivable41 | €10k | €12k | €3k | €10k | €11k | ▲ 10.8% |
| Cash at bank and in hand54/58 | €44k | €15k | €45k | €101k | €44k | ▼ 55.9% |
| Deferred charges and accrued income490/1 | €159 | €2k | €2k | €4k | €7k | ▲ 64.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €861k | €893k | €823k | €817k | €789k | ▼ 3.5% |
| Equity10/15 | €26k | €2k | €-20k | €23k | €13k | ▼ 44.1% |
| Contributions10/11 | €14k | €14k | €14k | €14k | €14k | = |
| Reserves13 | €12k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | €821 | €821 | €821 | - | - | - |
| Reserves not available under the articles1311 | €821 | €821 | €821 | - | - | - |
| Distributable reserves133 | €11k | €11k | €11k | €12k | €12k | = |
| Profit (loss) carried forward14 | - | €-24k | €-47k | €-3k | €-14k | ▼ 294% |
| Amounts payable17/49 | €834k | €891k | €843k | €794k | €776k | ▼ 2.3% |
| Amounts payable after more than one year17 | €740k | €760k | €709k | €657k | €640k | ▼ 2.6% |
| Financial debts170/4 | €740k | €760k | €709k | €657k | €640k | ▼ 2.6% |
| Amounts payable within one year42/48 | €94k | €131k | €134k | €137k | €136k | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | €28k | €46k | €51k | €52k | €37k | ▼ 28.2% |
| Trade debts44 | €8k | €36k | €48k | €28k | €37k | ▲ 34.3% |
| Suppliers440/4 | €8k | €36k | €48k | €28k | €37k | ▲ 34.3% |
| Taxes, remuneration and social security45 | €1k | €1k | €10k | €4k | €7k | ▲ 105% |
| Taxes450/3 | €1k | €1k | €7k | €13 | €80 | ▲ 541% |
| Remuneration and social security454/9 | - | €105 | €2k | €4k | €7k | ▲ 103% |
| Other amounts payable47/48 | €57k | €47k | €26k | €54k | €54k | ▲ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €-24k | €-22k | €43k | €-10k | ▼ 123% |
| + Depreciation and write-downs630 | €62k | €70k | €82k | €78k | €80k | ▲ 2.4% |
| Operating cash flow (approximation) | €89k | €46k | €59k | €122k | €70k | ▼ 42.4% |
| Investment in fixed assets (approximation) | - | €-88k | €-15k | €-18k | €-45k | ▼ 149% |
| Change in cash | - | €-30k | €30k | €55k | €-56k | ▼ 202% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €43k
Net result €43k after 2 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
3 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, Zoersel · 1 establishment unit since 2012
Ground area
2,092 m²
Building footprint
622 m²
Volume, LiDAR
3,392 m³
Parcel 11453I0305/00V000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Logicflex
since 20122.205.278.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11453I0305/00V000 | Flanders | 2,092 m² | 1 · 622 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,166 EUR awarded · 1,165 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 656 EUR | 1,165 EUR |
| 2022 | 1 | 510 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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SORCE SECURITY
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 5,182 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
Founded22-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
33190Repair, maintenance and installation of machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.