LOGILITY
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 84 days after the deadline Filed on 23 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00568517.
Annual accounts 2025 filed on 23-10-2026 at the NBB all 5 filings
Turnover
€768,998
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€2.7m▼ 2.8%
2024 · -€2.7m
Working capital
-€5.0m▼ 90.8%
2024 · -€2.6m
In the rankings
#6 company by total assets in Wichelen, Telecoms and IT sector
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
€768,998
2025
20212025
Operating result
-€2.2m
▲ 17.3%
2025
20212025
Net result
-€2.7m
▼ 2.8%
2025
lowest quarter of the sector
20212025
Equity
-€3.7m
▼ 272%
2025
lowest quarter of the sector
20212025
Total assets
€1.6m
▼ 31.0%
2025
highest quarter of the sector
20212025
Debt
€5.4m
▲ 68.9%
2025
20212025
Working capital
-€5.0m
▼ 90.8%
2025
lowest quarter of the sector
20212025
Solvency
-230.3%
▼ 187.6pp
2025
lowest quarter of the sector
20212025
Current ratio
0.07
▼ 0.08
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
-168.5%
▼ 55.4pp
2025
lowest quarter of the sector
20212025
Staff (FTE)
5.4
▼ 33.3%
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€0.8m
Operating result-€0.8m--€1.0m▼ 27.3%-€1.4m▼ 38.3%-€2.6m▼ 84.8%-€2.2m▲ 17.3%
Net result-€0.6mbelow the sector's middle half--€0.9mbelow the sector's middle half▼ 57.6%-€1.3mbelow the sector's middle half▼ 43.3%-€2.7mbelow the sector's middle half▼ 97.7%-€2.7mbelow the sector's middle half▼ 2.8%
Equity-€0.5mbelow the sector's middle half-€1.4mabove the sector's middle half€1.7mabove the sector's middle half▲ 15.9%-€1.0mbelow the sector's middle half-€3.7mbelow the sector's middle half▼ 272%
Total assets€0.9mabove the sector's middle half-€3.5mabove the sector's middle half▲ 289%€3.3mabove the sector's middle half▼ 4.9%€2.4mabove the sector's middle half▼ 29.6%€1.6mabove the sector's middle half▼ 31.0%
Debt€1.4m-€2.1m▲ 44.1%€1.7m▼ 19.2%€3.2m▲ 88.2%€5.4m▲ 68.9%
Working capital€0.02mwithin the sector's middle half--€0.01mbelow the sector's middle half-€0.8mbelow the sector's middle half▼ 8,328%-€2.6mbelow the sector's middle half▼ 220%-€5.0mbelow the sector's middle half▼ 90.8%
Solvency-60.4%below the sector's middle half-40.6%within the sector's middle half▲ 101.0pp49.5%within the sector's middle half▲ 8.9pp-42.7%below the sector's middle half▼ 92.2pp-230.3%below the sector's middle half▼ 187.6pp
Current ratio1.10below the sector's middle half-0.99below the sector's middle half▼ 0.100.50below the sector's middle half▼ 0.500.15below the sector's middle half▼ 0.350.07below the sector's middle half▼ 0.08
Return on assets (ROA)-65.9%below the sector's middle half--26.7%below the sector's middle half▲ 39.2pp-40.2%below the sector's middle half▼ 13.6pp-113.1%below the sector's middle half▼ 72.8pp-168.5%below the sector's middle half▼ 55.4pp
Staff (FTE)6.3-8.4▲ 33.3%8.1within the sector's middle half▼ 3.6%8.1within the sector's middle half=5.4within the sector's middle half▼ 33.3%
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 €2.2m, smaller than the loss of €2.6m in 2024.
Large changes and their cause
- 2022 Total assets +289% on 2021. Capital increase of €1,399,755 (Official Gazette 30-09-2022). Capital increase of €3,489,960 (Official Gazette 30-09-2022).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.3m ▼ 33.9%
Current assets
€369,398 ▼ 18.7%
Equity and liabilities
Equity-€3.7m
Debt€5.4m
Equity is negative. Debt (€5.4m) exceeds the balance-sheet total (€1.6m).
Key figures and ratios
EBITDA
-€1.5m▲
2024 · -€2.0m
Cash flow
-€2.1m▼
2024 · -€2.0m
Interest coverage
-2.88▲
2024 · -47.37
Debt ≤ 1 year
€5.3m▲
2024 · €3.1m
Income taxes
€35,557▲
2024 · €1,010
Customer credit
122 days
Supplier credit
92 days
Staff costs
€935,452▼
2024 · €1.1m
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 9 | 9 | 8 | 6 | 5 |
| full-time | 8 | 8 | 7 | 5 | 4 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 8.8 | 8.8 | 7.8 | 5.8 | 4.8 |
| Average over the year, in full-time equivalents | 6.3 | 8.4 | 8.1 | 6.3 | 5.4 |
| On a permanent contract | 9 | 9 | 8 | 6 | 5 |
| Joined | 9 | 4 | 1 | 0 | 0 |
| Left | 0 | 4 | 2 | 2 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,110 | €4,391 | €2,883 | - | - |
| Intangible fixed assets | €625,820 | €1.3m | €1.2m | - | - |
| Financial fixed assets | €52,563 | €12,387 | €5,002 | - | €0 |
| Depreciation and write-downs of the year | €9,889 | €136,794 | €520,353 | €650,187 | €627,878 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €306,658 awarded · €306,658 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €0 | €91,658 |
| 2022 | 1 | €306,658 | €215,000 |
Schemes
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €0.8m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €1.4m | - |
| Remuneration, social security and pensions62 | €0.5m | €0.8m | €0.9m | €1.1m | €0.9m | ▼ 15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.1m | €0.5m | €0.7m | €0.6m | ▼ 3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.08m | €0 | - | - |
| Other operating charges640/8 | €0.07m | €0.08m | €0.07m | €0 | - | - |
| Non-recurring operating charges66A | - | - | - | €0.2m | €0.03m | ▼ 84.4% |
| Gross operating margin9900 | -€0.3m | -€0.02m | €0.2m | -€0.7m | -€0.6m | ▲ 15.5% |
| Operating profit (loss)9901 | -€0.8m | -€1.0m | -€1.4m | -€2.6m | -€2.2m | ▲ 17.3% |
| Financial income75/76B | €0.3m | €0.2m | €0.1m | €125 | €0.01m | ▲ 90× |
| Recurring financial income75 | €0.3m | €0.2m | €0.1m | €125 | €0.01m | ▲ 90× |
| Financial charges65/66B | €0.1m | €0.1m | €0.06m | €0.04m | €0.5m | ▲ 13× |
| Recurring financial charges65 | €0.1m | €0.1m | €0.06m | €0.04m | €0.5m | ▲ 13× |
| Non-recurring financial charges66B | - | - | - | - | €0.01m | - |
| Profit (loss) for the period before taxes9903 | -€0.6m | -€0.9m | -€1.3m | -€2.7m | -€2.7m | ▼ 1.5% |
| Income taxes67/77 | - | - | €0.001m | €0.001m | €0.04m | ▲ 35× |
| Profit (loss) for the period9904 | -€0.6m | -€0.9m | -€1.3m | -€2.7m | -€2.7m | ▼ 2.8% |
| Profit (loss) for the period to be appropriated9905 | -€0.6m | -€0.9m | -€1.3m | -€2.7m | -€2.7m | ▼ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.9m | €3.5m | €3.3m | €2.4m | €1.6m | ▼ 31.0% |
| Formation expenses20 | €0.01m | €0.008m | €0.005m | €0.002m | €0 | ▼ 100% |
| Fixed assets21/28 | €0.7m | €1.8m | €2.5m | €1.9m | €1.3m | ▼ 33.9% |
| Intangible fixed assets21 | €0.6m | €1.8m | €2.5m | €1.9m | €1.3m | ▼ 33.4% |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.007m | €0.002m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €0.02m | €0.01m | €0.007m | €0.002m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.05m | €0.01m | €0.01m | €0.01m | €0 | ▼ 100% |
| Current assets29/58 | €0.2m | €1.7m | €0.8m | €0.5m | €0.4m | ▼ 18.7% |
| Amounts receivable within one year40/41 | €0.06m | €1.6m | €0.7m | €0.4m | €0.3m | ▼ 23.5% |
| Trade receivables40 | €0.04m | €1.6m | €0.7m | €0.1m | €0.3m | ▲ 111% |
| Other amounts receivable41 | €0.02m | €0.04m | €0.02m | €0.2m | €0.01m | ▼ 94.2% |
| Cash at bank and in hand54/58 | €0.1m | €0.08m | €0.05m | €0.08m | €0.09m | ▲ 13.7% |
| Deferred charges and accrued income490/1 | €0.02m | €0.005m | €0.02m | €0.02m | €0.007m | ▼ 63.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.9m | €3.5m | €3.3m | €2.4m | €1.6m | ▼ 31.0% |
| Equity10/15 | -€0.5m | €1.4m | €1.7m | -€1.0m | -€3.7m | ▼ 272% |
| Contributions10/11 | €0.05m | €3.0m | €4.5m | €4.5m | €4.5m | = |
| Profit (loss) carried forward14 | -€0.6m | -€1.5m | -€2.9m | -€5.5m | -€8.3m | ▼ 49.4% |
| Provisions and deferred taxes16 | - | - | - | €0.2m | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | - | - |
| Taxes161 | - | - | - | €0.2m | - | - |
| Amounts payable17/49 | €1.4m | €2.1m | €1.7m | €3.2m | €5.4m | ▲ 68.9% |
| Amounts payable after more than one year17 | €1.2m | €0.4m | €0 | - | - | - |
| Financial debts170/4 | €1.2m | €0.4m | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €1.7m | €1.6m | €3.1m | €5.3m | ▲ 74.6% |
| Trade debts44 | €0.2m | €1.6m | €0.3m | €0.04m | €0.4m | ▲ 741% |
| Suppliers440/4 | €0.2m | €1.6m | €0.3m | €0.04m | €0.4m | ▲ 741% |
| Taxes, remuneration and social security45 | €0.008m | €0.1m | €0.1m | €0.2m | €0.4m | ▲ 86.8% |
| Taxes450/3 | €0.003m | €0.009m | €0.001m | €0.05m | €0.2m | ▲ 323% |
| Remuneration and social security454/9 | €0.005m | €0.09m | €0.1m | €0.1m | €0.1m | ▼ 0.5% |
| Other amounts payable47/48 | - | - | €1.2m | €2.8m | €4.6m | ▲ 63.7% |
| Accrued charges and deferred income492/3 | €0.1m | €0.02m | €0.06m | €0.1m | €0.008m | ▼ 92.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.6m | -€0.9m | -€1.3m | -€2.7m | -€2.7m | ▼ 2.8% |
| + Depreciation and write-downs630 | €0.01m | €0.1m | €0.5m | €0.7m | €0.6m | ▼ 3.4% |
| Operating cash flow (approximation) | -€0.6m | -€0.8m | -€0.8m | -€2.0m | -€2.1m | ▼ 4.8% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€1.2m | -€0.02m | €0.01m | - |
| Change in cash | - | -€0.03m | -€0.04m | €0.03m | €0.01m | ▼ 66.5% |
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, 6,008 companies had the same profile as LOGILITY has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
83.0%
was still going
8.4%
stopped otherwise
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOGILITY itself: 8.0% 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 6,008 companies, not a prediction for LOGILITY. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-10-2026 | 2026-00568517 | |
| 31-12-2024 | abbreviated format | 29-07-2026 | 2026-00359540 | |
| 31-12-2023 | abbreviated format | 25-09-2024 | 2024-00474263 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00155809 | |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20173736 |