LogiCode
ActiveSummary
LogiCode has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178,807 and a net result of €34,076. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 1910 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-9
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 20.2 against 14.28 in 2024; short-term debt: 4.8% and cash: 88.9% of total assets), and 4.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
95.1%
Return on assets
18.1%
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 21-07-2026, 10 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
10 d early
2024
9 d early
2023
18 d early
2022
on the day
2021
3 d early
2020
12 d early
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€178,807▲ 23.5%
2024 · €144,731
Total assets
€187,959▲ 20.8%
2024 · €155,650
Net result
€34,076▼ 24.7%
2024 · €45,226
Working capital
€174,712▲ 23.4%
2024 · €141,608
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,782▼ 41.5%€22,639▼ 4.8%€93,877▲ 315%€59,931▼ 36.2%€49,848▼ 16.8%
Net result€16,473▼ 47.0%€16,542▲ 0.4%€72,429▲ 338%€45,226▼ 37.6%€34,076▼ 24.7%
Equity€101,384▲ 17.2%€128,676▲ 26.9%€101,105▼ 21.4%€144,731▲ 43.1%€178,807▲ 23.5%
Total assets€127,067▲ 25.9%€156,858▲ 23.4%€220,943▲ 40.9%€155,650▼ 29.6%€187,959▲ 20.8%
Debt€25,684▲ 78.1%€28,182▲ 9.7%€119,838▲ 325%€10,919▼ 90.9%€9,152▼ 16.2%
Working capital€95,937▲ 23.1%€124,200▲ 29.5%€98,437▼ 20.7%€141,608▲ 43.9%€174,712▲ 23.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187,959
Fixed assets
€4,146 ▲ 22.7%
Current assets
€183,813 ▲ 20.7%
Equity and liabilities €187,959
Equity
€178,807 ▲ 23.5%
Debt
€9,152 ▼ 16.2%
Debt's share of the balance-sheet total falls from 7.0% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50,592▼
2024 · €60,811
Cash flow
€34,821▼
2024 · €46,106
Current ratio
20.20▲
2024 · 14.28
Debt to equity
0.05▼
2024 · 0.08
ROE
19.1%▼
2024 · 31.2%
ROA
18.1%▼
2024 · 29.1%
Interest coverage
24.93▲
2024 · 22.42
Debt ≤ 1 year
€9,101▼
2024 · €10,662
Income taxes
€13,742▲
2024 · €11,993
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,325 | - | €40,782 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,037 | €2,066 | €1,835 | €880 | €744 | ▼ 15.4% |
| Other operating charges640/8 | €410 | €495 | €819 | €868 | €804 | ▼ 7.4% |
| Gross operating margin9900 | €27,228 | €25,200 | €96,531 | €61,680 | €51,396 | ▼ 16.7% |
| Operating profit (loss)9901 | €23,782 | €22,639 | €93,877 | €59,931 | €49,848 | ▼ 16.8% |
| Financial income75/76B | - | - | €8 | - | €0 | - |
| Recurring financial income75 | - | - | €8 | - | €0 | - |
| Financial charges65/66B | €816 | €917 | €2,472 | €2,713 | €2,029 | ▼ 25.2% |
| Recurring financial charges65 | €816 | €917 | €2,472 | €2,713 | €2,029 | ▼ 25.2% |
| Profit (loss) for the period before taxes9903 | €22,966 | €21,722 | €91,413 | €57,219 | €47,819 | ▼ 16.4% |
| Income taxes67/77 | €6,493 | €5,180 | €18,985 | €11,993 | €13,742 | ▲ 14.6% |
| Profit (loss) for the period9904 | €16,473 | €16,542 | €72,429 | €45,226 | €34,076 | ▼ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €16,473 | €16,542 | €72,429 | €45,226 | €34,076 | ▼ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,067 | €156,858 | €220,943 | €155,650 | €187,959 | ▲ 20.8% |
| Fixed assets21/28 | €5,535 | €4,881 | €3,046 | €3,380 | €4,146 | ▲ 22.7% |
| Tangible fixed assets22/27 | €5,535 | €4,881 | €3,046 | €3,380 | €4,146 | ▲ 22.7% |
| Furniture and vehicles24 | €2,721 | €2,235 | €568 | €1,070 | €2,005 | ▲ 87.3% |
| Other tangible fixed assets26 | €2,814 | €2,646 | €2,478 | €2,310 | €2,142 | ▼ 7.3% |
| Current assets29/58 | €121,533 | €151,977 | €217,897 | €152,270 | €183,813 | ▲ 20.7% |
| Amounts receivable within one year40/41 | €21,037 | €17,541 | €12,859 | €15,200 | €14,191 | ▼ 6.6% |
| Trade receivables40 | €14,811 | €14,872 | €12,623 | €12,179 | €14,173 | ▲ 16.4% |
| Other amounts receivable41 | €6,227 | €2,669 | €236 | €3,021 | €18 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €98,238 | €125,345 | €203,076 | €135,094 | €167,161 | ▲ 23.7% |
| Deferred charges and accrued income490/1 | €2,257 | €9,091 | €1,962 | €1,977 | €2,462 | ▲ 24.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,067 | €156,858 | €220,943 | €155,650 | €187,959 | ▲ 20.8% |
| Equity10/15 | €101,384 | €128,676 | €101,105 | €144,731 | €178,807 | ▲ 23.5% |
| Contributions10/11 | €6,200 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €95,184 | €110,126 | €82,555 | €126,181 | €160,257 | ▲ 27.0% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | €93,329 | €108,271 | €82,555 | €126,181 | €160,257 | ▲ 27.0% |
| Amounts payable17/49 | €25,684 | €28,182 | €119,838 | €10,919 | €9,152 | ▼ 16.2% |
| Amounts payable within one year42/48 | €25,595 | €27,777 | €119,461 | €10,662 | €9,101 | ▼ 14.6% |
| Trade debts44 | €610 | €698 | €506 | €904 | €1,361 | ▲ 50.5% |
| Suppliers440/4 | €610 | €698 | €506 | €904 | €1,361 | ▲ 50.5% |
| Taxes, remuneration and social security45 | €6,518 | €14,643 | €26,124 | €7,081 | €6,969 | ▼ 1.6% |
| Taxes450/3 | €3,518 | €14,643 | €26,124 | €7,081 | €6,969 | ▼ 1.6% |
| Remuneration and social security454/9 | €3,000 | - | - | - | - | - |
| Other amounts payable47/48 | €18,468 | €12,437 | €92,831 | €2,678 | €771 | ▼ 71.2% |
| Accrued charges and deferred income492/3 | €88 | €405 | €377 | €257 | €52 | ▼ 79.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,473 | €16,542 | €72,429 | €45,226 | €34,076 | ▼ 24.7% |
| + Depreciation and write-downs630 | €3,037 | €2,066 | €1,835 | €880 | €744 | ▼ 15.4% |
| Operating cash flow (approximation) | €19,509 | €18,609 | €74,264 | €46,106 | €34,821 | ▼ 24.5% |
| Investment in fixed assets (approximation) | - | -€1,412 | €0 | -€1,214 | -€1,511 | ▼ 24.4% |
| Change in cash | - | €27,107 | €77,731 | -€67,983 | €32,067 | ▲ 147% |
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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150,000Eq €178,807 ▲23.5%
7 profitable years in a row build equity to €178,807.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 8current ratio 14.28
Current ratio from 1.82 to 14.28; short-term debt falls from €119,461 to €10,662.
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €72,429 ▲338%
Operating result €93,877, net result €72,429, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €16,473 ▼47%
Net result drops to €16,473, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €101,384 ▲17.2%
3 profitable years in a row build equity to €101,384.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beringen · 1 establishment unit since 2018
Ground area
985 m²
Building footprint
112 m²
Volume, LiDAR
733 m³
Parcel 71029B1899/00R000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LogiCode
since 20182.280.750.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B1899/00R000 | Flanders | 985 m² | 1 · 112 m² | 9.3 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.
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,271. 970 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
Founded02-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
18130Pre-press and pre-media services
62900Other information technology and computer services
70200Business and other management consultancy
74120Graphic design and visual communication
Scores and ratios are computed by Checked and are not a credit decision.