LOGIMAR
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2023
31 d late
2023
on the day
2022
4 d early
2021
24 d early
2020
on the day
2019
17 d early
2018
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 2 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€401,516▲ 1.4%
2023 · €396,034
Total assets
€2.6m▲ 14.9%
2023 · €2.3m
Net result
€5,483▼ 86.0%
2023 · €39,142
Working capital
-€289,561▲ 56.6%
2023 · -€666,859
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
Line20202021202220232023
Operating result€50,389€124,171▲ 146%€13,726▼ 88.9%€52,132▲ 280%-€3,595-
Net result€48,882€80,408▲ 64.5%€246▼ 99.7%€39,142▲ 15,825%€5,483-
Equity€276,239▲ 21.5%€356,646▲ 29.1%€356,892▲ 0.1%€396,034▲ 11.0%€401,516-
Total assets€2.5m▲ 6.4%€2.9m▲ 14.1%€3.7m▲ 30.7%€2.3m▼ 38.3%€2.6m-
Debt€2.2m▲ 4.8%€2.5m▲ 12.2%€3.4m▲ 35.1%€1.9m▼ 43.5%€2.2m-
Working capital€864,005▼ 4.9%€303,391▼ 64.9%€1.8m▲ 491%-€666,859-€289,561-
Staff (FTE)1=1=1=1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2023 in colour, 2023 as the grey bar beneath
Assets €2.6m
Fixed assets
€1.4m ▲ 2.3%
Current assets
€1.3m ▲ 31.8%
Equity and liabilities €2.6m
Equity
€401,516 ▲ 1.4%
Debt
€2.2m ▲ 17.7%
Debt's share of the balance-sheet total rises from 82.8% to 84.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6,659▼
2023 · €79,523
Cash flow
€15,737▼
2023 · €66,533
Current ratio
0.82▲
2023 · 0.60
Debt to equity
5.59▲
2023 · 4.82
ROE
1.4%▼
2023 · 9.9%
ROA
0.2%▼
2023 · 1.7%
Interest coverage
1.71▼
2023 · 2.54
Debt ≤ 1 year
€1.6m▼
2023 · €1.7m
Debt > 1 year
€659,743▲
2023 · €254,743
Income taxes
€3,120▼
2023 · €16,325
Staff costs
€24▼
2023 · €49,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €47,645 | €49,300 | €24 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,463 | €5,064 | €14,152 | €27,392 | €10,254 | - |
| Other operating charges640/8 | - | - | €3,980 | €7,764 | €4,332 | - |
| Gross operating margin9900 | €110,705 | €190,457 | €79,504 | €136,587 | €11,015 | - |
| Operating profit (loss)9901 | €50,389 | €124,171 | €13,726 | €52,132 | -€3,595 | - |
| Financial income75/76B | - | - | €17,724 | €34,595 | €16,096 | - |
| Recurring financial income75 | €21,559 | €21,059 | €17,724 | €34,595 | €16,096 | - |
| Financial charges65/66B | - | - | €28,033 | €31,260 | €3,898 | - |
| Recurring financial charges65 | €45,756 | €35,816 | €28,033 | €31,260 | €3,898 | - |
| Profit (loss) for the period before taxes9903 | €49,340 | €109,413 | €3,417 | €55,467 | €8,603 | - |
| Income taxes67/77 | €457 | €29,006 | €3,171 | €16,325 | €3,120 | - |
| Profit (loss) for the period9904 | €48,882 | €80,408 | €246 | €39,142 | €5,483 | - |
| Profit (loss) for the period to be appropriated9905 | €48,882 | €80,408 | €246 | €39,142 | €5,483 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.9m | €3.7m | €2.3m | €2.6m | - |
| Fixed assets21/28 | €1.6m | €2.4m | €1.8m | €1.3m | €1.4m | - |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.2m | €1.1m | €1.1m | - |
| Land and buildings22 | - | - | €1.0m | €1.0m | €1.0m | - |
| Plant, machinery and equipment23 | - | - | €2,026 | €1,616 | €1,445 | - |
| Furniture and vehicles24 | - | - | €116,932 | €93,735 | €83,653 | - |
| Financial fixed assets28 | €561,764 | €1.4m | €684,110 | €184,110 | €224,110 | - |
| Current assets29/58 | €890,946 | €410,370 | €1.9m | €983,801 | €1.3m | - |
| Amounts receivable after more than one year29 | - | - | - | €325,000 | €325,000 | - |
| Trade receivables290 | - | - | - | €325,000 | €325,000 | - |
| Amounts receivable within one year40/41 | €772,050 | €294,305 | €907,240 | €441,881 | €718,975 | - |
| Trade receivables40 | - | - | €14,115 | €61,881 | €64,711 | - |
| Other amounts receivable41 | - | - | €893,125 | €380,000 | €654,264 | - |
| Current investments50/53 | €50,000 | €50,000 | €50,000 | €50,000 | €120,000 | - |
| Cash at bank and in hand54/58 | €66,709 | €63,850 | €929,906 | €157,669 | €129,571 | - |
| Deferred charges and accrued income490/1 | - | - | €6,478 | €9,252 | €2,948 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.9m | €3.7m | €2.3m | €2.6m | - |
| Equity10/15 | €276,239 | €356,646 | €356,892 | €396,034 | €401,516 | - |
| Contributions10/11 | - | - | €20,000 | €20,000 | €20,000 | - |
| Reserves13 | €256,239 | €336,646 | €336,892 | €376,034 | €376,034 | - |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | - |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | - |
| Distributable reserves133 | - | - | €334,892 | €374,034 | €374,034 | - |
| Profit (loss) carried forward14 | €18,330 | - | - | - | €5,483 | - |
| Amounts payable17/49 | €2.2m | €2.5m | €3.4m | €1.9m | €2.2m | - |
| Amounts payable after more than one year17 | €2.2m | €2.4m | €3.3m | €254,743 | €659,743 | - |
| Financial debts170/4 | - | - | €2.3m | €254,743 | €254,743 | - |
| Other amounts payable178/9 | - | - | €955,000 | - | €405,000 | - |
| Amounts payable within one year42/48 | €26,941 | €106,979 | €100,644 | €1.7m | €1.6m | - |
| Current portion of amounts payable after more than one year42 | - | - | €70,260 | €71,026 | €35,609 | - |
| Financial debts43 | - | - | - | €1.5m | €1.5m | - |
| Credit institutions430/8 | - | - | - | €1.5m | €1.5m | - |
| Trade debts44 | €7,073 | €16,095 | €16,489 | €28,581 | €33,774 | - |
| Suppliers440/4 | - | - | €16,489 | €28,581 | €33,774 | - |
| Taxes, remuneration and social security45 | - | - | €13,895 | €48,279 | €14,445 | - |
| Taxes450/3 | - | - | - | €48,279 | €14,445 | - |
| Remuneration and social security454/9 | - | - | €13,895 | - | - | - |
| Other amounts payable47/48 | - | - | - | €2,774 | €2,227 | - |
| Accrued charges and deferred income492/3 | - | - | - | €3,439 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,882 | €80,408 | €246 | €39,142 | €5,483 | - |
| + Depreciation and write-downs630 | €4,463 | €5,064 | €14,152 | €27,392 | €10,254 | - |
| Operating cash flow (approximation) | €53,345 | €85,472 | €14,398 | €66,533 | €15,737 | - |
| Investment in fixed assets (approximation) | - | -€838,573 | €590,459 | €496,215 | - | - |
| Change in cash | - | -€2,858 | €866,055 | -€772,237 | - | - |
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
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Liquidity times 5current ratio 18.82
Current ratio from 3.84 to 18.82; short-term debt falls from €106,979 to €100,644.
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €80,408 ▲64.5%
Operating result €124,171, net result €80,408, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €48,882
Net result €48,882 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 33.07
Current ratio from 15.19 to 33.07; short-term debt falls from €64,027 to €26,941.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
10-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
40%
According to the 2023 annual accounts of LOGIMAR and those 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.