LOGIPROPRE
ActiveSummary
LOGIPROPRE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,157 and a net result of €11,677. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 177 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-2
Solvency54▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.1 in 2024; short-term debt: 70.6% and cash: 27.9% of total assets), and 70.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
29.4%
Return on assets
17.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year €19,157
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
2025
27 d late
2024
29 d late
2023
28 d late
2022
29 d late
2021
31 d late
2019
139 d late
2018
197 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 69 days after the deadline; the sector median for financial year 2024 is 8 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. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,157▲ 3.7%
2024 · €18,480
Total assets
€65,113▲ 9.7%
2024 · €59,378
Net result
€11,677▲ 0.2%
2024 · €11,656
Working capital
€3,669▼ 10.4%
2024 · €4,093
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, 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
Line20212022202320242025
Operating result-€1,634--€20,012▼ 1,125%€20,135€11,721▼ 41.8%€13,151▲ 12.2%
Net result-€2,328below the sector's middle half--€20,866below the sector's middle half▼ 796%€20,083within the sector's middle half€11,656within the sector's middle half▼ 42.0%€11,677within the sector's middle half▲ 0.2%
Equity€27,607within the sector's middle half-€6,741below the sector's middle half▼ 75.6%€16,824within the sector's middle half▲ 150%€18,480within the sector's middle half▲ 9.8%€19,157within the sector's middle half▲ 3.7%
Total assets€43,666below the sector's middle half-€24,252below the sector's middle half▼ 44.5%€41,225below the sector's middle half▲ 70.0%€59,378below the sector's middle half▲ 44.0%€65,113below the sector's middle half▲ 9.7%
Debt€16,059-€17,511▲ 9.0%€24,401▲ 39.3%€40,898▲ 67.6%€45,955▲ 12.4%
Working capital€20,342within the sector's middle half-€6,472within the sector's middle half▼ 68.2%€3,164within the sector's middle half▼ 51.1%€4,093within the sector's middle half▲ 29.4%€3,669within the sector's middle half▼ 10.4%
Solvency63.2%above the sector's middle half-27.8%within the sector's middle half▼ 35.4pp40.8%within the sector's middle half▲ 13.0pp31.1%within the sector's middle half▼ 9.7pp29.4%within the sector's middle half▼ 1.7pp
Current ratio2.32above the sector's middle half-1.37within the sector's middle half▼ 0.951.13within the sector's middle half▼ 0.241.10within the sector's middle half▼ 0.031.08within the sector's middle half▼ 0.02
Return on assets (ROA)-5.3%below the sector's middle half--86.0%below the sector's middle half▼ 80.7pp48.7%above the sector's middle half▲ 134.8pp19.6%above the sector's middle half▼ 29.1pp17.9%above the sector's middle half▼ 1.7pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,113
Fixed assets
€15,489 ▲ 7.7%
Current assets
€49,624 ▲ 10.3%
Equity and liabilities €65,113
Equity
€19,157 ▲ 3.7%
Debt
€45,955 ▲ 12.4%
Debt's share of the balance-sheet total rises from 68.9% to 70.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,319▲
2024 · €12,910
Cash flow
€13,845▲
2024 · €12,845
Debt to equity
2.40▲
2024 · 2.21
ROE
61.0%▼
2024 · 63.1%
Interest coverage
182.15▼
2024 · 198.71
Debt ≤ 1 year
€45,955▲
2024 · €40,898
Income taxes
€1,390
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
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%.
| 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 5,053 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €870 | €3,795 | €8,534 | €2,602 | €5,335 | ▲ 105% |
| Remuneration, social security and pensions62 | €7,570 | €35,216 | €13,027 | €789 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,240 | €4,679 | €233 | €1,189 | €2,168 | ▲ 82.3% |
| Other operating charges640/8 | €1,504 | €786 | €252 | €986 | €1,012 | ▲ 2.7% |
| Gross operating margin9900 | €12,680 | €20,669 | €33,646 | €14,684 | €16,331 | ▲ 11.2% |
| Operating profit (loss)9901 | -€1,634 | -€20,012 | €20,135 | €11,721 | €13,151 | ▲ 12.2% |
| Financial charges65/66B | €694 | €854 | €52 | €65 | €84 | ▲ 29.4% |
| Recurring financial charges65 | €694 | €854 | €52 | €65 | €84 | ▲ 29.4% |
| Profit (loss) for the period before taxes9903 | -€2,328 | -€20,866 | €20,083 | €11,656 | €13,067 | ▲ 12.1% |
| Income taxes67/77 | - | - | - | - | €1,390 | - |
| Profit (loss) for the period9904 | -€2,328 | -€20,866 | €20,083 | €11,656 | €11,677 | ▲ 0.2% |
| Profit (loss) for the period to be appropriated9905 | -€2,328 | -€20,866 | €20,083 | €11,656 | €11,677 | ▲ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,666 | €24,252 | €41,225 | €59,378 | €65,113 | ▲ 9.7% |
| Fixed assets21/28 | €7,948 | €269 | €13,660 | €14,387 | €15,489 | ▲ 7.7% |
| Tangible fixed assets22/27 | €4,679 | - | €3,541 | €4,418 | €3,420 | ▼ 22.6% |
| Plant, machinery and equipment23 | €79 | - | - | - | - | - |
| Furniture and vehicles24 | €4,600 | - | €3,541 | €4,418 | €3,420 | ▼ 22.6% |
| Financial fixed assets28 | €3,269 | €269 | €10,119 | €9,969 | €12,069 | ▲ 21.1% |
| Current assets29/58 | €35,718 | €23,983 | €27,565 | €44,991 | €49,624 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €20,030 | €6,280 | €9,769 | €32,482 | €26,104 | ▼ 19.6% |
| Trade receivables40 | €14,234 | - | €9,766 | €32,475 | €26,095 | ▼ 19.6% |
| Other amounts receivable41 | €5,796 | €6,280 | €3 | €7 | €9 | ▲ 24.3% |
| Cash at bank and in hand54/58 | €14,541 | €16,956 | €14,455 | €8,159 | €18,194 | ▲ 123% |
| Deferred charges and accrued income490/1 | €1,147 | €747 | €3,341 | €4,349 | €5,325 | ▲ 22.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,666 | €24,252 | €41,225 | €59,378 | €65,113 | ▲ 9.7% |
| Equity10/15 | €27,607 | €6,741 | €16,824 | €18,480 | €19,157 | ▲ 3.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Other1319 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €19,547 | -€1,319 | €8,764 | €10,420 | €11,097 | ▲ 6.5% |
| Amounts payable17/49 | €16,059 | €17,511 | €24,401 | €40,898 | €45,955 | ▲ 12.4% |
| Amounts payable after more than one year17 | €683 | - | - | - | - | - |
| Financial debts170/4 | €683 | - | - | - | - | - |
| Amounts payable within one year42/48 | €15,376 | €17,511 | €24,401 | €40,898 | €45,955 | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | €4,072 | €683 | - | - | - | - |
| Trade debts44 | €3,672 | €5,139 | €7,990 | €25,256 | €20,820 | ▼ 17.6% |
| Suppliers440/4 | €3,672 | €5,139 | €7,990 | €25,256 | €20,820 | ▼ 17.6% |
| Taxes, remuneration and social security45 | €7,595 | €6,652 | €16,308 | €15,636 | €25,136 | ▲ 60.8% |
| Taxes450/3 | €7,595 | €2,250 | €1,987 | €4,667 | €12,649 | ▲ 171% |
| Remuneration and social security454/9 | - | €4,402 | €14,320 | €10,969 | €12,486 | ▲ 13.8% |
| Other amounts payable47/48 | €37 | €5,037 | €103 | €6 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,328 | -€20,866 | €20,083 | €11,656 | €11,677 | ▲ 0.2% |
| + Depreciation and write-downs630 | €5,240 | €4,679 | €233 | €1,189 | €2,168 | ▲ 82.3% |
| Operating cash flow (approximation) | €2,912 | -€16,187 | €20,316 | €12,845 | €13,845 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | €3,000 | -€13,624 | -€1,916 | -€3,269 | ▼ 70.6% |
| Change in cash | - | €2,415 | -€2,501 | -€6,295 | €10,035 | ▲ 259% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
06-07
State Gazette act
Resignation: Spartak PETROSYAN (director)Registered-office move3 facts ▸
State Gazette act
Resignation: Spartak PETROSYAN (director)
Registered-office move3 facts ▸
- General meeting, 26-06-2026
- Director resignation, Spartak PETROSYAN (director)
- Registered-office move, rue du Piroy,87,5020 Malonne (Namur)
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €20,083
Net result €20,083 after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€20,866
Net result drops to -€20,866, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 139 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 197 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2011
Ground area
2,291 m²
Building footprint
278 m²
Volume, LiDAR
1,854 m³
2 parcels, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LOGIPROPRE
since 20112.194.313.907
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92080A0001/00H002 | Wallonia | 1,365 m² | 1 · 180 m² | 7.8 m · 2 fl. |
| 92082D0853/00L000 | Wallonia | 926 m² | 1 · 98 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Spartak PETROSYAN |
|
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Of 279 companies in sector 38330 we hold annual accounts for 240. 37 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
Founded23-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
43120Site preparation
Contact
Website
logipropre.be
E-mail
logipropre@logipropre.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832146964
Also
9925:BE0832146964
Registered
17-10-2025
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.