LOGILITY
ActiveSummary
The computed 12-month bankruptcy probability of LOGILITY is 8.0% (elevated). The 2025 annual accounts show negative equity (-€3.7m) and a net result of -€2.7m. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 3,396 sector peers (NACE 62, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-09-2020 Normal situation
- Registered office
- 13 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Computer programming NACE 62100and 2 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.308.590.595 2610 Antwerpen, since 24-09-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
- Hellen Maria STEINDirector · since 04-04-2025
- Gator Intermediate Holdco (UK) Ltdconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 8.0%
- Turnover
- €768,998
- Loss
- €2.7m
- ▲ 2.8%
- Equity
- -€3.7m
- ▼ 272%
- Total assets
- €1.6m
- ▼ 31.0%
- Employees on 31-12-2025
- 5
- ▼ 16.7%
- Negative equity on 31-12-2025
- 2025 accounts filed 84 days after the deadline
Score breakdownraises risk2 changes of registered office in 24 monthsLoss of €2.7m, the second in a row (financial year 2025)Negative equity -€3.7mlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 3% of them on solvency, 4% on liquidity, 5% on profitability and 1% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 90 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · 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
Every figure per financial year
The operating result for 2025 is a loss of €2.2m, smaller than the loss of €2.6m in 2024.
- 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).
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 |
| 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
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 |
Board & ownership
Directors
Act of 23-10-2026Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Board 1
Statutory auditor 1
Owners and capital
Shareholders
1 ownerChain of control
- Gator Intermediate Holdco (UK) LtdGB
- LOGILITY
Owners 1
- Gator Intermediate Holdco (UK) LtdGBconsolidating parentconsolidates
Capital transactions
- GARVIS AI LIMITED
- 30-09-2022 Capital increase of €1,399,755 · 228,321 new shares · in kind
- 30-09-2022 Capital increase of €3,489,960 · 529,939 new shares · in cash
Mandate history
- Board
- Statutory auditor
- mandate already running before its first mention
- end not dated
| Name | Functions and periods |
|---|---|
| Hellen Maria STEIN |
|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
| Nicholas Bacon |
|
| Harold Allan Dow |
|
| Nicholas John BACON |
|
| Vincent Carroll Klinges |
|
| Piet Buyck |
|
Network & group
Companies at the same address
12 other companies- Aptean Drink-IT Registered office · since 2019 0729899066
- Objective Holding Registered office · since 2018 0713616033
- OBJECTIVE REAL ESTATE DEVELOPMENT Registered office · since 2015 0638834575
- THV SCHEIRLINCK-RONOH Registered office · since 2015 0633721586
- OBJECTIVE Registered office · since 2014 0546732184
- OBJECTIVE INTERNATIONAL Registered office · since 2008 0894635750
- B.I.S. Registered office · since 2007 0887565737
- J.M.S.CONSTRUCT Establishment · since 2005 0871486701
- APIPRO MAINTENANCE SYSTEMS Registered office · since 1997 0459788314
- OBJECTIVE BELGIUM Registered office · since 1996 0458980046
Connections & network
1 current directorThe network starts from the directors of LOGILITY. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-10
Gazette deed
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)2 points ▸
- General meeting, 09-09-2026
- Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
22-05
Gazette deed
Registered office moved from Antwerp to WichelenNew seat: Meerbos 2, 9260 Wichelen, België · Previous seat: Kernenergiestraat 19, 2610 Antwerpen, België · Resignation: Nicholas Bacon (director)9 points ▸
- Director resignation, Nicholas Bacon
- Board composition, Hellen Stein (director)
- Power of attorney, Benjamin Callewaert, mentioned 2 times in the deed
- Power of attorney, Tom Van Baeveghem, mentioned 2 times in the deed
- Power of attorney, Thomas Verbergt, mentioned 2 times in the deed
- Power of attorney, Lukas Segers
- Power of attorney, Christel Van den Eynden, mentioned 2 times in the deed
- Registered-office move, Meerbos 2, 9260 Wichelen, België
- Power of attorney, Jan Vreys
09-05
Gazette deed
2 directors appointed, 2 directors resigningResignations: Harold Allan Dow (director) and Vincent Carroll Klinges (director) · Appointments: Nicholas John BACON (director) and Hellen Maria STEIN (director)6 points ▸
- General meeting, 04-04-2025
- Director resignation, Harold Allan Dow
- Director resignation, Vincent Carroll Klinges
- Director appointment, Nicholas John BACON
- Director appointment, Hellen Maria STEIN
- Power of attorney, France Wilmet
18-04
Gazette deed
Registered office moved within AntwerpNew seat: Kernenergiestraat 19, 2610 Antwerpen · Previous seat: Markgravelei 28, 2018 Antwerpen1 point ▸
- Registered-office move, Kernenergiestraat 19, 2610 Antwerpen
- The act holds 1 more point.
24-01
Gazette deed
Company renamed from GARVIS to LOGILITY1 point ▸
- Name change, LOGILITY
- The act holds 2 more points.
19-02
Gazette deed
2 directors appointed, 1 director resigningResignation: Piet Buyck (director) · Appointments: Harold Allan Dow (director) and Vincent Carroll Klinges (director)6 points ▸
- General meeting, 12-12-2023
- Director resignation, Piet Buyck
- Director appointment, Harold Allan Dow
- Director appointment, Vincent Carroll Klinges
- Board composition, Harold Allan Dow (director)
- Board composition, Vincent Carroll Klinges (director)
Show earlier events
30-09
Gazette deed
Amendment of the articles228,321 new shares · 529,939 new shares · GARVIS AI LIMITED is a shareholder5 points ▸
- Auditor report, 29-08-2022
- Capital increase, €1,399,755
- Capital increase, €3,489,960
- GARVIS AI LIMITED is a shareholder
- Amendment of the articles, 5
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 24 September 2020, LOGILITY was incorporated as a private limited company.1 In 2022 the capital was increased by €1.4m.2 The name was changed to LOGILITY in 2025.3 The registered office moved to Antwerpen in 2025 and to Wichelen in 2026.45 Hellen Maria STEIN has served as director since 2025.6 Total assets went from €902,488 in 2021 to €1.6m in 2025 and headcount from 6.3 to 5.4 full-time equivalents.7
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 2018 Antwerpen until 01-04-2025 · act of 18-04-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42026A0916/00C002 | Flanders | 1.1 ha | 1 · 826 m² | 10.5 m |
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 m · 3 |