Skip to content

LOGIFRU

Active
Private limited companyfounded 201214 yrs activeRue Frumhy(EVE) SN, 4630 Soumagne, BelgiumKBO/BCE: BE 0845.745.869
Summary

LOGIFRU has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €641,282 and a net result of €20,018. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 66% of 736 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability71▼-8
Solvency72▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 2.01 in 2023; short-term debt: 22.4% and cash: 20.2% of total assets), but 53.1% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
44 d early
2023
51 d early
2022
39 d early
2021
31 d early
2020
12 d early
2019
12 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 May 2012, LOGIFRU was incorporated.1 Total assets went from EUR 798,961 in 2018 to EUR 1.4 million in 2024 and headcount from 1.3 full-time equivalents in 2018 to 1 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20,018▼ 83.6%
2023 · €122,288
Working capital
€208,663▼ 38.0%
2023 · €336,540
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€128,453▲ 84.7%€124,243▼ 3.3%€89,856▼ 27.7%€165,151▲ 83.8%€31,808▼ 80.7%
Net result€112,670within the sector's middle half▲ 38.6%€86,342within the sector's middle half▼ 23.4%€58,667within the sector's middle half▼ 32.1%€122,288within the sector's middle half▲ 108%€20,018within the sector's middle half▼ 83.6%
Equity€359,907within the sector's middle half▲ 52.1%€441,404within the sector's middle half▲ 22.6%€495,626within the sector's middle half▲ 12.3%€623,127within the sector's middle half▲ 25.7%€641,282within the sector's middle half▲ 2.9%
Total assets€1.3mbelow the sector's middle half▲ 20.4%€1.5mwithin the sector's middle half▲ 16.9%€1.5mbelow the sector's middle half▲ 2.2%€1.5mbelow the sector's middle half▼ 0.4%€1.4mbelow the sector's middle half▼ 8.1%
Debt€890,438▲ 11.0%€1.0m▲ 14.6%€998,028▼ 2.2%€864,133▼ 13.4%€725,013▼ 16.1%
Working capital€64,352within the sector's middle half▼ 23.0%€84,083within the sector's middle half▲ 30.7%€196,415within the sector's middle half▲ 134%€336,540within the sector's middle half▲ 71.3%€208,663within the sector's middle half▼ 38.0%
Solvency28.8%within the sector's middle half▲ 6.0pp30.2%within the sector's middle half▲ 1.4pp33.2%within the sector's middle half▲ 3.0pp41.9%within the sector's middle half▲ 8.7pp46.9%within the sector's middle half▲ 5.0pp
Current ratio1.41within the sector's middle half▼ 0.361.25within the sector's middle half▼ 0.161.55within the sector's middle half▲ 0.302.01within the sector's middle half▲ 0.461.68within the sector's middle half▼ 0.33
Return on assets (ROA)9.0%above the sector's middle half▲ 1.2pp5.9%within the sector's middle half▼ 3.1pp3.9%within the sector's middle half▼ 2.0pp8.2%within the sector's middle half▲ 4.3pp1.5%within the sector's middle half▼ 6.8pp
Staff (FTE)1below the sector's middle half▼ 23.1%1below the sector's middle half=0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2020: €128,453€128,453Net result 2020: €112,670€112,670Operating result 2021: €124,243€124,243Net result 2021: €86,342€86,342Operating result 2022: €89,856€89,856Net result 2022: €58,667€58,667Operating result 2023: €165,151€165,151Net result 2023: €122,288€122,288Operating result 2024: €31,808€31,808Net result 2024: €20,018€20,01820202021202220232024€0€50,000€100,000€150,000Operating result 2022: €89,856€89,900Net result 2022: €58,667€58,700Operating result 2023: €165,151€165,000Net result 2023: €122,288€122,000Operating result 2024: €31,808€31,800Net result 2024: €20,018€20,000202220232024
The operating result falls in 2024; 2024 is 81% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets €851,217 ▲ 4.2%
Current assets €515,078 ▼ 23.2%
Equity and liabilities €1.4m
Equity €641,282 ▲ 2.9%
Debt €725,013 ▼ 16.1%
Debt's share of the balance-sheet total falls from 58.1% to 53.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€112,372▼
2023 · €294,315
Cash flow
€100,582▼
2023 · €251,452
Debt to equity
1.13▼
2023 · 1.39
ROE
3.1%▼
2023 · 19.6%
Interest coverage
10.41▼
2023 · 23.41
Debt ≤ 1 year
€306,415▼
2023 · €333,841
Debt > 1 year
€418,598▼
2023 · €529,923
Income taxes
€2,862▼
2023 · €39,595
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.3% went bankrupt
3.6% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,045 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.5m€1.4m▼
Fixed assets21/28€816,878€851,217▲
Tangible fixed assets22/27€816,507€850,845▲
Land and buildings22€773,461€775,750▲
Plant, machinery and equipment23€43,046€75,095▲
Financial fixed assets28€372€372=
Current assets29/58€670,381€515,078▼
Amounts receivable within one year40/41€348,084€239,069▼
Trade receivables40€328,986€225,069▼
Other amounts receivable41€19,098€14,000▼
Cash at bank and in hand54/58€319,938€276,010▼
Deferred charges and accrued income490/1€2,359€0▼
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.4m▼
Equity10/15€623,127€641,282▲
Contributions10/11€6,600€6,600=
Reserves13€580,629€600,647▲
Distributable reserves133€580,629€600,647▲
Investment grants15€35,898€34,035▼
Amounts payable17/49€864,133€725,013▼
Amounts payable after more than one year17€529,923€418,598▼
Financial debts170/4€490,869€379,543▼
Other amounts payable178/9€39,055€39,055=
Amounts payable within one year42/48€333,841€306,415▼
Current portion of amounts payable after more than one year42€109,242€111,325▲
Trade debts44€191,322€174,764▼
Suppliers440/4€191,322€174,764▼
Taxes, remuneration and social security45€33,228€20,276▼
Taxes450/3€32,546€19,595▼
Remuneration and social security454/9€681€681=
Other amounts payable47/48€50€50=
Accrued charges and deferred income492/3€368€0▼
Income statement Code20232024
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129,164€80,564▼
Other operating charges640/8€4,782€4,733▼
Gross operating margin9900€299,097€117,105▼
Operating profit (loss)9901€165,151€31,808▼
Financial income75/76B€9,302€1,866▼
Recurring financial income75€9,302€1,866▼
Financial charges65/66B€12,570€10,794▼
Recurring financial charges65€12,570€10,794▼
Profit (loss) for the period before taxes9903€161,882€22,880▼
Income taxes67/77€39,595€2,862▼
Profit (loss) for the period9904€122,288€20,018▼
Profit (loss) for the period to be appropriated9905€122,288€20,018▼
Appropriation of the result
Profit (loss) to be appropriated9906€122,288€20,018▼
Transfer to equity691/2€122,288€20,018▼
To other reserves6921€122,288€20,018▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€68,001-€14€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101,948€122,285€128,510€129,164€80,564▼ 37.6%
Other operating charges640/8-€6,616€4,101€4,782€4,733▼ 1.0%
Gross operating margin9900€319,555€321,145€222,452€299,097€117,105▼ 60.8%
Operating profit (loss)9901€128,453€124,243€89,856€165,151€31,808▼ 80.7%
Financial income75/76B-€4,845€4,849€9,302€1,866▼ 79.9%
Recurring financial income75€5,468€4,845€4,849€9,302€1,866▼ 79.9%
Financial charges65/66B-€14,024€13,087€12,570€10,794▼ 14.1%
Recurring financial charges65€14,947€14,024€13,087€12,570€10,794▼ 14.1%
Profit (loss) for the period before taxes9903€118,974€115,064€81,619€161,882€22,880▼ 85.9%
Income taxes67/77€6,305€28,722€22,952€39,595€2,862▼ 92.8%
Profit (loss) for the period9904€112,670€86,342€58,667€122,288€20,018▼ 83.6%
Profit (loss) for the period to be appropriated9905€112,670€86,342€58,667€122,288€20,018▼ 83.6%
Line20202021202220232024Change
Assets
Total assets20/58€1.3m€1.5m€1.5m€1.5m€1.4m▼ 8.1%
Fixed assets21/28€1.0m€1.0m€938,289€816,878€851,217▲ 4.2%
Tangible fixed assets22/27€1.0m€1.0m€937,917€816,507€850,845▲ 4.2%
Land and buildings22-€837,026€815,311€773,461€775,750▲ 0.3%
Plant, machinery and equipment23-€202,166€122,606€43,046€75,095▲ 74.5%
Furniture and vehicles24-€406----
Financial fixed assets28-€507€372€372€372=
Current assets29/58€220,527€421,746€555,365€670,381€515,078▼ 23.2%
Stocks and contracts in progress3-€54,236----
Stocks30/36-€54,236----
Amounts receivable within one year40/41€125,944€148,336€133,985€348,084€239,069▼ 31.3%
Trade receivables40-€143,955€131,821€328,986€225,069▼ 31.6%
Other amounts receivable41-€4,381€2,163€19,098€14,000▼ 26.7%
Cash at bank and in hand54/58€89,479€132,025€412,289€319,938€276,010▼ 13.7%
Deferred charges and accrued income490/1-€87,149€9,092€2,359€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.5m€1.5m€1.5m€1.4m▼ 8.1%
Equity10/15€359,907€441,404€495,626€623,127€641,282▲ 2.9%
Contributions10/11-€6,200€6,600€6,600€6,600=
Reserves13€1,860€399,674€458,341€580,629€600,647▲ 3.4%
Non-distributable reserves130/1-€1,860----
Reserves not available under the articles1311-€1,860----
Distributable reserves133-€397,814€458,341€580,629€600,647▲ 3.4%
Profit (loss) carried forward14€311,472-----
Investment grants15-€35,530€30,685€35,898€34,035▼ 5.2%
Amounts payable17/49€890,438€1.0m€998,028€864,133€725,013▼ 16.1%
Amounts payable after more than one year17€734,263€682,783€639,077€529,923€418,598▼ 21.0%
Financial debts170/4-€643,463€600,110€490,869€379,543▼ 22.7%
Other amounts payable178/9-€39,320€38,967€39,055€39,055=
Amounts payable within one year42/48€156,175€337,663€358,951€333,841€306,415▼ 8.2%
Current portion of amounts payable after more than one year42-€106,219€107,281€109,242€111,325▲ 1.9%
Trade debts44€60,145€210,408€224,412€191,322€174,764▼ 8.7%
Suppliers440/4-€210,408€224,412€191,322€174,764▼ 8.7%
Taxes, remuneration and social security45-€21,035€27,208€33,228€20,276▼ 39.0%
Taxes450/3-€14,185€26,527€32,546€19,595▼ 39.8%
Remuneration and social security454/9-€6,851€681€681€681=
Other amounts payable47/48--€50€50€50=
Accrued charges and deferred income492/3---€368€0▼ 100%
Line20202021202220232024Change
Profit (loss) for the period9904€112,670€86,342€58,667€122,288€20,018▼ 83.6%
+ Depreciation and write-downs630€101,948€122,285€128,510€129,164€80,564▼ 37.6%
Operating cash flow (approximation)€214,618€208,627€187,177€251,452€100,582▼ 60.0%
Investment in fixed assets (approximation)--€132,572-€26,694-€7,754-€114,902▼ 1,382%
Change in cash-€42,546€280,263-€92,351-€43,928▲ 52.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet €20,018 ▼83.6%
Net result drops to €20,018, the lowest in the series.
10-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €122,288 ▲108%
Operating result €165,151, net result €122,288, both a record.
31-12
Financial Equity above €500,000Eq €623,127 ▲25.7%
6 profitable years in a row build equity to €623,127.
22-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
12-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial Equity above €200,000Eq €236,579 ▲30.8%
2 profitable years in a row build equity to €236,579.
29-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
04-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
01-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 1 day late
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 Sign in to place this company at the front of the reading queue.

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, Soumagne · 1 establishment unit since 2014
seat establishment approximate The establishment unit on the map
Ground area
437 m²
Building footprint
43 m²
Volume, LiDAR
80 m³
Parcel 62033D0109/00H000, Wallonia · tallest building 2.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue Frumhy(EVE) 1, 4630 Soumagne
Freight transport by road
since 20142.230.619.225
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62033D0109/00H000indicative Wallonia 437 m² 1 · 43 m² 2.8 m · 1 fl.
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. FRUBEL 100%
  2. LOGIFRU

Highest known parent: FRUBEL. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Soumagne2.230.619.225
1 permission
Trader · since 12-05-2025

Similar companies · same sector, comparable size

Of 1,031 companies in sector 52100 we hold annual accounts for 769. 533 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
Founded07-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
52100Warehousing and storage
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0845745869
Also 9925:BE0845745869
Registered 16-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.