LogicMedia
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 15 filings
Equity
€602,107▼ 65.6%
2024 · €1.7m
Total assets
€1.3m▼ 47.8%
2024 · €2.6m
Net result
-€1.0m
2024 · €199,643
Working capital
€576,260▼ 67.1%
2024 · €1.7m
In the rankings
#3 company by equity in Sint-Lievens-Houtem, Telecoms and IT sector#4 company by total assets in Sint-Lievens-Houtem, Telecoms and IT sector#8 oldest company in Sint-Lievens-Houtem, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€1.1m
2025
20182025
Net result
-€1.0m
2025
lowest quarter of the sector
20182025
Equity
€602,107
▼ 65.6%
2025
highest quarter of the sector
20182025
Total assets
€1.3m
▼ 47.8%
2025
highest quarter of the sector
20182025
Debt
€737,900
▼ 9.6%
2025
20182025
Working capital
€576,260
▼ 67.1%
2025
highest quarter of the sector
20182025
Solvency
44.9%
▼ 23.3pp
2025
middle half of the sector
20182025
Current ratio
1.78
▼ 1.47
2025
middle half of the sector
20182025
Return on assets (ROA)
-75.2%
▼ 82.9pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.09m--€0.01m€0.2m€0.2m▼ 4.7%€1.3m▲ 493%€0.5m▼ 59.6%€0.1m▼ 72.6%-€1.1m
Net result€0.09m--€0.01m€0.2mabove the sector's middle half€0.2mabove the sector's middle half▲ 3.9%€0.9mabove the sector's middle half▲ 442%€0.4mabove the sector's middle half▼ 57.0%€0.2mabove the sector's middle half▼ 45.9%-€1.0mbelow the sector's middle half
Equity€0.2m-€0.2m▼ 5.9%€0.3mabove the sector's middle half▲ 90.4%€0.5mabove the sector's middle half▲ 46.2%€1.3mabove the sector's middle half▲ 169%€1.5mabove the sector's middle half▲ 22.1%€1.7mabove the sector's middle half▲ 13.8%€0.6mabove the sector's middle half▼ 65.6%
Total assets€0.4m-€0.2m▼ 59.2%€0.4mabove the sector's middle half▲ 129%€1.1mabove the sector's middle half▲ 184%€2.0mabove the sector's middle half▲ 79.1%€2.2mabove the sector's middle half▲ 11.4%€2.6mabove the sector's middle half▲ 15.2%€1.3mabove the sector's middle half▼ 47.8%
Debt€0.2m-€0.003m▼ 98.8%€0.07m▲ 26×€0.6m▲ 795%€0.7m▲ 14.3%€0.7m▼ 6.6%€0.8m▲ 18.3%€0.7m▼ 9.6%
Working capital€0.2m-€0.2m▼ 4.7%€0.3mabove the sector's middle half▲ 92.2%€0.5mabove the sector's middle half▲ 45.3%€1.5mabove the sector's middle half▲ 234%€1.5mabove the sector's middle half▼ 0.4%€1.7mabove the sector's middle half▲ 14.5%€0.6mabove the sector's middle half▼ 67.1%
Solvency42.7%-98.4%▲ 55.7pp81.6%above the sector's middle half▼ 16.8pp42.0%within the sector's middle half▼ 39.6pp63.0%within the sector's middle half▲ 21.0pp69.0%above the sector's middle half▲ 6.0pp68.2%within the sector's middle half▼ 0.8pp44.9%within the sector's middle half▼ 23.3pp
Current ratio1.72-62.98▲ 61.265.37above the sector's middle half▼ 57.611.71within the sector's middle half▼ 3.664.79within the sector's middle half▲ 3.083.34within the sector's middle half▼ 1.453.25within the sector's middle half▼ 0.091.78within the sector's middle half▼ 1.47
Return on assets (ROA)21.7%--6.2%▼ 27.8pp38.7%above the sector's middle half▲ 44.9pp14.2%within the sector's middle half▼ 24.6pp42.9%above the sector's middle half▲ 28.7pp16.6%within the sector's middle half▼ 26.4pp7.8%within the sector's middle half▼ 8.8pp-75.2%below the sector's middle half▼ 82.9pp
Staff (FTE)1.7-1.8▲ 5.9%
above
within
below
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 operating result for 2025 is a loss of €1.1m, after a profit of €141,082 in 2024. It is the lowest result since 2018.
Large changes and their cause
- 2023 Net result -57% on 2022. The accounts now follow the abbreviated format, last year the micro format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€25,847 ▼ 35.1%
Current assets
€1.3m ▼ 48.0%
Equity and liabilities €1.3m
Equity
€602,107 ▼ 65.6%
Debt
€737,900 ▼ 9.6%
Debt's share of the balance-sheet total rises from 31.8% to 55.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1.1m▼
2024 · €154,617
Cash flow
-€993,345▼
2024 · €213,178
Debt to equity
1.23▲
2024 · 0.47
ROE
-167.3%▼
2024 · 11.4%
Interest coverage
-18.04▼
2024 · 1.72
Debt ≤ 1 year
€737,900▼
2024 · €776,661
Income taxes
€6,829▼
2024 · €65,052
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,894 | €61,056 | - | €5,012 | - |
| Depreciation and write-downs of the year | €3,070 | €2,404 | €12,881 | €13,535 | €13,684 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.007m | €0.002m | €0.002m | €0.003m | €0.002m | €0.01m | €0.01m | €0.01m | ▲ 1.1% |
| Other operating charges640/8 | - | - | - | €393 | €426 | €0.001m | €0.01m | €0.004m | ▼ 65.1% |
| Gross operating margin9900 | €0.2m | €0.03m | €0.2m | €0.2m | €1.3m | €0.5m | €0.2m | -€1.1m | - |
| Operating profit (loss)9901 | €0.09m | -€0.01m | €0.2m | €0.2m | €1.3m | €0.5m | €0.1m | -€1.1m | - |
| Financial income75/76B | - | - | - | €0.02m | €0.04m | €0.1m | €0.2m | €0.1m | ▼ 35.5% |
| Recurring financial income75 | €0.05m | €0.003m | €0.005m | €0.02m | €0.04m | €0.1m | €0.2m | €0.1m | ▼ 35.5% |
| Financial charges65/66B | - | - | - | €0.006m | €0.04m | €0.08m | €0.09m | €0.06m | ▼ 34.3% |
| Recurring financial charges65 | €0.006m | €0.002m | €0.01m | €0.006m | €0.04m | €0.08m | €0.09m | €0.06m | ▼ 34.3% |
| Profit (loss) for the period before taxes9903 | €0.1m | -€0.01m | €0.2m | €0.2m | €1.3m | €0.5m | €0.3m | -€1.0m | - |
| Income taxes67/77 | €0.04m | €110 | €0.07m | €0.07m | €0.4m | €0.2m | €0.07m | €0.007m | ▼ 89.5% |
| Profit (loss) for the period9904 | €0.09m | -€0.01m | €0.2m | €0.2m | €0.9m | €0.4m | €0.2m | -€1.0m | - |
| Profit (loss) for the period to be appropriated9905 | €0.09m | -€0.01m | €0.2m | €0.2m | €0.9m | €0.4m | €0.2m | -€1.0m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.2m | €0.4m | €1.1m | €2.0m | €2.2m | €2.6m | €1.3m | ▼ 47.8% |
| Fixed assets21/28 | €0.006m | €0.004m | €0.005m | €0.009m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 35.1% |
| Tangible fixed assets22/27 | €0.006m | €0.004m | €0.005m | €0.009m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 35.1% |
| Furniture and vehicles24 | - | - | - | €0.009m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 35.1% |
| Other tangible fixed assets26 | - | - | - | €260 | - | - | - | - | - |
| Current assets29/58 | €0.4m | €0.2m | €0.4m | €1.1m | €1.9m | €2.2m | €2.5m | €1.3m | ▼ 48.0% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €0.9m | €0.9m | = |
| Other amounts receivable291 | - | - | - | - | - | - | €0.9m | €0.9m | = |
| Stocks and contracts in progress3 | - | €0.1m | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.03m | €0.06m | €0.06m | €0.2m | €0.2m | €0.3m | €0.6m | €0.2m | ▼ 62.3% |
| Trade receivables40 | - | - | - | €0.07m | €0.1m | €0.1m | €0.5m | €0.2m | ▼ 67.4% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.09m | €0.2m | €0.1m | €0.07m | ▼ 36.6% |
| Current investments50/53 | - | - | €0.01m | €0.2m | €0.3m | €1.5m | €0.03m | €0.03m | ▲ 5.0% |
| Cash at bank and in hand54/58 | €0.1m | €0.008m | €0.3m | €0.7m | €1.4m | €0.4m | €1.0m | €0.2m | ▼ 84.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | €0.003m | €0.002m | €0.003m | ▲ 41.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.2m | €0.4m | €1.1m | €2.0m | €2.2m | €2.6m | €1.3m | ▼ 47.8% |
| Equity10/15 | €0.2m | €0.2m | €0.3m | €0.5m | €1.3m | €1.5m | €1.7m | €0.6m | ▼ 65.6% |
| Contributions10/11 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.02m | €0.02m | = |
| Contributions outside capital11 | - | - | - | €0.006m | - | - | - | - | - |
| Other1109/19 | - | - | - | €0.006m | - | - | - | - | - |
| Reserves13 | €0.2m | €0.2m | €0.3m | €0.5m | €1.3m | €1.5m | €1.7m | €1.6m | ▼ 8.1% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €1.3m | €1.5m | €1.7m | €1.6m | ▼ 8.1% |
| Profit (loss) carried forward14 | - | -€0.01m | - | - | - | - | - | -€1.0m | - |
| Amounts payable17/49 | €0.2m | €0.003m | €0.07m | €0.6m | €0.7m | €0.7m | €0.8m | €0.7m | ▼ 9.6% |
| Amounts payable within one year42/48 | €0.2m | €0.003m | €0.07m | €0.6m | €0.4m | €0.7m | €0.8m | €0.7m | ▼ 5.0% |
| Trade debts44 | €0.004m | €0.003m | €0.007m | €0.5m | €0.1m | €0.5m | €0.8m | €0.3m | ▼ 66.4% |
| Suppliers440/4 | - | - | - | €0.5m | €0.1m | €0.5m | €0.8m | €0.3m | ▼ 66.4% |
| Advances received on contracts in progress46 | - | - | - | - | €0.05m | €0.002m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.02m | - | €0.007m | - |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.02m | - | €0.007m | - |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.07m | €0.1m | - | €0.5m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.3m | €0.04m | €0.04m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.09m | -€0.01m | €0.2m | €0.2m | €0.9m | €0.4m | €0.2m | -€1.0m | - |
| + Depreciation and write-downs630 | €0.007m | €0.002m | €0.002m | €0.003m | €0.002m | €0.01m | €0.01m | €0.01m | ▲ 1.1% |
| Operating cash flow (approximation) | €0.1m | -€0.008m | €0.2m | €0.2m | €0.9m | €0.4m | €0.2m | -€1.0m | - |
| Investment in fixed assets (approximation) | - | €0 | -€0.003m | -€0.008m | -€0.05m | €0 | -€0.005m | €287 | - |
| Change in cash | - | -€0.1m | €0.3m | €0.4m | €0.7m | -€1.0m | €0.5m | -€0.8m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 376 companies had the same profile as LogicMedia has now. Two years later, 91.8% were still going and 0.8% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
91.8%
was still going
7.2%
stopped otherwise
0.8%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LogicMedia itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 376 companies, not a prediction for LogicMedia. 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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00239501 | |
| 31-12-2024 | abbreviated format | 17-06-2025 | 2025-00145249 | |
| 31-12-2023 | abbreviated format | 11-06-2024 | 2024-00120546 | |
| 31-12-2022 | micro format | 21-06-2023 | 2023-00142963 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20331215 | |
| 31-12-2020 | micro format | 16-02-2021 | 2021-05400304 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-72600073 | |
| 31-12-2018 | micro format | 22-11-2019 | 2019-74000553 | |
| 31-12-2017 | micro format | 24-09-2018 | 2018-63900083 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-52100563 |