Skip to content

LOGIS - PLUS

Active
Public limited companyfounded 1993active for 33 yearsRue des Nations-Unies 116, 4432 Ans, BelgiumKBO/BCE: BE 0450.087.126
Summary

The computed 12-month bankruptcy probability of LOGIS - PLUS is 2.4% (moderate). The 2024 annual accounts show negative equity (-€3,206) and a net result of -€6,157. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.

Turnover
≈ €100,000
Estimated: probably between €61,000 and €180,000
Total assets
€207,760▼ 8.1%
2023 · €226,076
Net result
-€6,157▲ 38.8%
2023 · -€10,068
Working capital
-€69,209▼ 6.0%
2023 · -€65,290
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result returns to profit in 2024: €2,818 after a loss of €5,185 in 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€2,818 2024 Net result-€6,157 2024

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result€15,589--€5,585-€3,329▲ 40.4%€11,155€6,536▼ 41.4%-€5,185€2,818
Net result€3,268--€8,447-€11,248▼ 33.2%€5,234€1,410▼ 73.1%-€10,068-€6,157▲ 38.8%
Equity€16,143-€7,696▼ 52.3%-€3,551€1,683€3,092▲ 83.8%-€6,975-€3,206▲ 54.0%
Total assets€247,600-€255,393▲ 3.1%€217,770▼ 14.7%€194,569▼ 10.7%€175,080▼ 10.0%€226,076▲ 29.1%€207,760▼ 8.1%
Debt€231,457-€247,697▲ 7.0%€221,321▼ 10.6%€192,887▼ 12.8%€171,987▼ 10.8%€233,052▲ 35.5%€210,966▼ 9.5%
Working capital-€13,986--€15,881▼ 13.5%-€38,475▼ 142%-€37,695▲ 2.0%-€47,163▼ 25.1%-€65,290▼ 38.4%-€69,209▼ 6.0%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207,760
Fixed assets €198,771 ▼ 6.3%
Current assets €8,989 ▼ 35.4%
Equity and liabilities
Equity-€3,206
Debt€210,966
Equity is negative: debt (€210,966) exceeds the balance-sheet total (€207,760).
Key figures and ratios
2024 value · change against 2023
EBITDA
€20,481▲
2023 · €19,177
Cash flow
€11,506▼
2023 · €14,295
Solvency
-1.5%▲
2023 · -3.1%
Current ratio
0.11▼
2023 · 0.18
ROA
-3.0%▲
2023 · -4.5%
Interest coverage
2.81▼
2023 · 3.93
Debt ≤ 1 year
€78,198▼
2023 · €79,197
Debt > 1 year
€132,768▼
2023 · €153,854
Income taxes
€1,693
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,796 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90.3% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
2.1% went bankrupt
6.0% stopped otherwise
90.3% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,796 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 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€226,076€207,760▼
Fixed assets21/28€212,169€198,771▼
Tangible fixed assets22/27€212,169€198,771▼
Land and buildings22€212,169€195,572▼
Furniture and vehicles24-€3,199
Current assets29/58€13,907€8,989▼
Amounts receivable within one year40/41€13,907€8,989▼
Trade receivables40€13,907€6,172▼
Other amounts receivable41-€2,816
Equity and liabilities
Total equity and liabilities10/49€226,076€207,760▼
Equity10/15-€6,975-€3,206▲
Contributions10/11€31,235€31,235=
Capital10€31,235€31,235=
Issued capital100€31,235€31,235=
Reserves13€3,123€3,123=
Non-distributable reserves130/1€3,123€3,123=
Legal reserve130€3,123€3,123=
Profit (loss) carried forward14-€41,333-€37,564▲
Amounts payable17/49€233,052€210,966▼
Amounts payable after more than one year17€153,854€132,768▼
Financial debts170/4€153,854€132,768▼
Amounts payable within one year42/48€79,197€78,198▼
Current portion of amounts payable after more than one year42€26,859€21,086▼
Financial debts43€446€2,982▲
Credit institutions430/8€446€2,982▲
Trade debts44€3,321-
Suppliers440/4€3,321-
Other amounts payable47/48€48,571€54,129▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,363€17,663▼
Other operating charges640/8€2,991€4,576▲
Gross operating margin9900€22,168€25,057▲
Operating profit (loss)9901-€5,185€2,818▲
Financial charges65/66B€4,882€7,282▲
Recurring financial charges65€4,882€7,282▲
Profit (loss) for the period before taxes9903-€10,068-€4,464▲
Income taxes67/77-€1,693
Profit (loss) for the period9904-€10,068-€6,157▲
Profit (loss) for the period to be appropriated9905-€10,068-€6,157▲
Appropriation of the result
Profit (loss) to be appropriated9906-€41,333-€37,564▲
Profit (loss) brought forward from the previous period14P-€31,266-€31,408▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,640€18,926€20,464€19,901€19,901€24,363€17,663▼ 27.5%
Other operating charges640/8---€3,231€4,067€2,991€4,576▲ 53.0%
Gross operating margin9900€37,099€17,400€20,406€34,288€30,504€22,168€25,057▲ 13.0%
Operating profit (loss)9901€15,589-€5,585-€3,329€11,155€6,536-€5,185€2,818-
Recurring financial income75-€61------
Financial charges65/66B---€5,921€5,126€4,882€7,282▲ 49.1%
Recurring financial charges65€6,821€7,122€6,784€5,921€5,126€4,882€7,282▲ 49.1%
Profit (loss) for the period before taxes9903€3,268-€8,447-€10,113€5,234€1,410-€10,068-€4,464▲ 55.7%
Income taxes67/77--€1,135---€1,693-
Profit (loss) for the period9904€3,268-€8,447-€11,248€5,234€1,410-€10,068-€6,157▲ 38.8%
Profit (loss) for the period to be appropriated9905€3,268-€8,447-€11,248€5,234€1,410-€10,068-€6,157▲ 38.8%
Line2018201920202021202220232024Change
Assets
Total assets20/58€247,600€255,393€217,770€194,569€175,080€226,076€207,760▼ 8.1%
Fixed assets21/28€188,566€198,742€178,848€158,947€139,046€212,169€198,771▼ 6.3%
Tangible fixed assets22/27€188,566€198,742€178,848€158,947€139,046€212,169€198,771▼ 6.3%
Land and buildings22---€147,161€133,359€212,169€195,572▼ 7.8%
Plant, machinery and equipment23---€413€0---
Furniture and vehicles24----€0-€3,199-
Leasing and similar rights25---€11,373€5,687---
Current assets29/58€59,034€56,651€38,921€35,622€36,034€13,907€8,989▼ 35.4%
Amounts receivable within one year40/41€12,565€7,850€6,135€7,785€14,200€13,907€8,989▼ 35.4%
Trade receivables40---€7,785€13,907€13,907€6,172▼ 55.6%
Other amounts receivable41----€293-€2,816-
Cash at bank and in hand54/58-€10,085€0€817€0---
Deferred charges and accrued income490/1---€27,020€21,834---
Equity and liabilities
Total equity and liabilities10/49€247,600€255,393€217,770€194,569€175,080€226,076€207,760▼ 8.1%
Equity10/15€16,143€7,696-€3,551€1,683€3,092-€6,975-€3,206▲ 54.0%
Contributions10/11€31,235€31,235€31,235€31,235€31,235€31,235€31,235=
Capital10---€31,235€31,235€31,235€31,235=
Issued capital100---€31,235€31,235€31,235€31,235=
Reserves13€3,123€3,123€3,123€3,123€3,123€3,123€3,123=
Non-distributable reserves130/1---€3,123€3,123€3,123€3,123=
Legal reserve130---€3,123€3,123€3,123€3,123=
Profit (loss) carried forward14-€18,215-€26,662-€37,910-€32,675-€31,266-€41,333-€37,564▲ 9.1%
Amounts payable17/49€231,457€247,697€221,321€192,887€171,987€233,052€210,966▼ 9.5%
Amounts payable after more than one year17€158,437€175,165€143,925€119,570€88,791€153,854€132,768▼ 13.7%
Financial debts170/4---€119,570€88,791€153,854€132,768▼ 13.7%
Amounts payable within one year42/48€73,020€72,532€77,397€73,317€83,196€79,197€78,198▼ 1.3%
Current portion of amounts payable after more than one year42---€30,572€30,779€26,859€21,086▼ 21.5%
Financial debts43----€225€446€2,982▲ 569%
Credit institutions430/8----€225€446€2,982▲ 569%
Trade debts44€1,457€536€2,315€3,039-€3,321--
Suppliers440/4---€3,039-€3,321--
Other amounts payable47/48---€39,706€52,192€48,571€54,129▲ 11.4%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€3,268-€8,447-€11,248€5,234€1,410-€10,068-€6,157▲ 38.8%
+ Depreciation and write-downs630€18,640€18,926€20,464€19,901€19,901€24,363€17,663▼ 27.5%
Operating cash flow (approximation)€21,908€10,479€9,216€25,135€21,311€14,295€11,506▼ 19.5%
Investment in fixed assets (approximation)--€29,102-€570€0-€0-€97,486-€4,265▲ 95.6%
Change in cash---€10,085€817-€817---

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

Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 micro format 30-10-2025 2025-00555807
31-12-2023 micro format 30-10-2024 2024-00521500
31-12-2022 micro format 06-10-2023 2023-00477305
31-12-2021 micro format 27-09-2022 2022-20439919
31-12-2020 micro format 29-09-2021 2021-68800429
31-12-2019 micro format 09-11-2020 2020-68700357
31-12-2018 micro format 01-07-2019 2019-25200058
31-12-2015 full format 06-06-2016 2016-15400057
31-12-2012 full format 28-10-2013 2013-63900081
31-12-2010 full format 20-01-2012 2012-01100286

Show all 23 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.