LOGIX SUPPORT
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 03-05-2026 PDF all 7 filings
Turnover
≈ €2.0m
Estimated: probably between €1.5m and €2.9m
EBIT margin
Not included in this filing
Net result
€181,599▲ 129%
2024 · €79,244
Working capital
€835,842▲ 30.0%
2024 · €642,935
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€285,247
▲ 59.9%
2025
20192025
Net result
€181,599
▲ 129%
2025
middle half of the sector
20192025
Equity
€872,894
▲ 26.3%
2025
middle half of the sector
20192025
Total assets
€1.7m
▲ 32.5%
2025
middle half of the sector
20192025
Debt
€815,002
▲ 39.8%
2025
20192025
Working capital
€835,842
▲ 30.0%
2025
middle half of the sector
20192025
Solvency
51.7%
▼ 2.5pp
2025
middle half of the sector
20192025
Current ratio
2.03
▼ 0.08
2025
middle half of the sector
20192025
Return on assets (ROA)
10.8%
▲ 4.5pp
2025
highest quarter of the sector
20192025
Staff (FTE)
36.8
▼ 8.5%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.09m-€0.08m▼ 11.8%€0.2m▲ 133%€0.2m▲ 34.9%€0.2m▼ 2.3%€0.2m▼ 23.3%€0.3m▲ 59.9%
Net result€0.06m-€0.08mwithin the sector's middle half▲ 20.7%€0.1mabove the sector's middle half▲ 83.1%€0.2mabove the sector's middle half▲ 13.1%€0.1mwithin the sector's middle half▼ 4.2%€0.08mwithin the sector's middle half▼ 47.1%€0.2mwithin the sector's middle half▲ 129%
Equity€0.2m-€0.3mwithin the sector's middle half▲ 39.2%€0.3mabove the sector's middle half▲ 14.2%€0.5mabove the sector's middle half▲ 51.0%€0.6mwithin the sector's middle half▲ 32.4%€0.7mwithin the sector's middle half▲ 12.9%€0.9mwithin the sector's middle half▲ 26.3%
Total assets€0.7m-€0.8mwithin the sector's middle half▲ 16.9%€1.4mabove the sector's middle half▲ 70.4%€1.3mabove the sector's middle half▼ 5.3%€1.5mwithin the sector's middle half▲ 10.2%€1.3mwithin the sector's middle half▼ 13.0%€1.7mwithin the sector's middle half▲ 32.5%
Debt€0.5m-€0.6m▲ 8.6%€1.1m▲ 97.5%€0.9m▼ 21.0%€0.9m▼ 1.7%€0.6m▼ 31.6%€0.8m▲ 39.8%
Working capital€0.2m-€0.2mwithin the sector's middle half▲ 19.2%€0.2mabove the sector's middle half▲ 21.3%€0.4mabove the sector's middle half▲ 67.0%€0.6mwithin the sector's middle half▲ 47.4%€0.6mwithin the sector's middle half▲ 15.5%€0.8mwithin the sector's middle half▲ 30.0%
Solvency27.3%-32.5%within the sector's middle half▲ 5.2pp21.8%within the sector's middle half▼ 10.7pp34.8%within the sector's middle half▲ 13.0pp41.8%within the sector's middle half▲ 7.0pp54.3%within the sector's middle half▲ 12.5pp51.7%within the sector's middle half▼ 2.5pp
Current ratio1.31-1.34within the sector's middle half▲ 0.031.21within the sector's middle half▼ 0.131.44within the sector's middle half▲ 0.231.65within the sector's middle half▲ 0.222.10within the sector's middle half▲ 0.452.03within the sector's middle half▼ 0.08
Return on assets (ROA)8.9%-9.2%within the sector's middle half▲ 0.3pp9.8%within the sector's middle half▲ 0.7pp11.7%within the sector's middle half▲ 1.9pp10.2%above the sector's middle half▼ 1.5pp6.2%within the sector's middle half▼ 4.0pp10.8%above the sector's middle half▲ 4.5pp
Staff (FTE)22.6-36.5above the sector's middle half▲ 61.5%43.141.9above the sector's middle half▼ 2.8%40.2above the sector's middle half▼ 4.1%36.8above the sector's middle half▼ 8.5%
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 60% higher than in 2024 and the highest since 2019. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Staff figure correction
- 2020 The accounts state 835,756.4 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 36.5 FTE (source: average staff, item 9087).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€37,052 ▼ 23.4%
Current assets
€1.7m ▲ 34.7%
Equity and liabilities €1.7m
Equity
€872,894 ▲ 26.3%
Debt
€815,002 ▲ 39.8%
Debt's share of the balance-sheet total rises from 45.7% to 48.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€289,483▲
2024 · €186,035
Cash flow
€185,835▲
2024 · €86,885
Debt to equity
0.93▲
2024 · 0.84
ROE
20.8%▲
2024 · 11.5%
Interest coverage
8.81▼
2024 · over 100
Debt ≤ 1 year
€815,002▲
2024 · €582,887
Income taxes
€80,000
Staff costs
€984,318▼
2024 · €1.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 42 | 58 | 37 | 38 |
| full-time | 42 | 58 | 37 | 38 |
| in full-time equivalents | 42 | 58 | 37 | 38 |
| Average over the year, in full-time equivalents | 43.1 | 41.9 | 40.2 | 36.8 |
| On a permanent contract | 42 | 58 | 31 | 36 |
| Joined | 26 | 64 | 15 | - |
| Left | 38 | 48 | 0 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €11,875 | - | €4,345 | €16,289 |
| Financial fixed assets | €11,000 | - | - | - | - |
| Depreciation and write-downs of the year | €8,939 | €10,346 | €12,127 | €7,641 | €4,236 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €1.0m | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €1.1m | €1.2m | €1.0m | €1.0m | €1.0m | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.009m | €0.008m | €0.009m | €0.01m | €0.01m | €0.008m | €0.004m | ▼ 44.6% |
| Other operating charges640/8 | - | - | €0.004m | €0.002m | €0.003m | €0.003m | €0.005m | ▲ 85.5% |
| Gross operating margin9900 | €1.0m | €0.9m | €1.3m | €1.4m | €1.3m | €1.2m | €1.3m | ▲ 4.9% |
| Operating profit (loss)9901 | €0.09m | €0.08m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 59.9% |
| Financial income75/76B | - | - | - | €12 | €13 | €68 | €0.01m | ▲ 144× |
| Recurring financial income75 | €0.009m | €3 | - | €12 | €13 | €68 | €2 | ▼ 97.6% |
| Non-recurring financial income76B | - | - | - | - | - | - | €0.01m | - |
| Financial charges65/66B | - | - | €331 | €0.002m | €0.001m | €0.1m | €0.03m | ▼ 66.3% |
| Recurring financial charges65 | €153 | €235 | €331 | €0.002m | €0.001m | €0.001m | €0.03m | ▲ 24× |
| Non-recurring financial charges66B | - | - | - | €360 | €107 | €0.1m | €0.001m | ▼ 99.4% |
| Profit (loss) for the period before taxes9903 | €0.09m | €0.08m | €0.2m | €0.2m | €0.2m | €0.08m | €0.3m | ▲ 230% |
| Income taxes67/77 | €0.03m | - | €0.04m | €0.08m | €0.08m | - | €0.08m | - |
| Profit (loss) for the period9904 | €0.06m | €0.08m | €0.1m | €0.2m | €0.1m | €0.08m | €0.2m | ▲ 129% |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.08m | €0.1m | €0.2m | €0.1m | €0.08m | €0.2m | ▲ 129% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.7m | €0.8m | €1.4m | €1.3m | €1.5m | €1.3m | €1.7m | ▲ 32.5% |
| Fixed assets21/28 | €0.04m | €0.08m | €0.08m | €0.08m | €0.06m | €0.05m | €0.04m | ▼ 23.4% |
| Intangible fixed assets21 | €0.003m | €0.002m | €0.001m | €0.004m | - | - | - | - |
| Tangible fixed assets22/27 | €0.03m | €0.03m | €0.02m | €0.02m | €0.008m | €0.005m | €0.01m | ▲ 218% |
| Furniture and vehicles24 | - | - | €0.01m | €0.02m | €0.008m | €0.005m | €0.01m | ▲ 218% |
| Other tangible fixed assets26 | - | - | €0.007m | - | - | - | - | - |
| Financial fixed assets28 | - | €0.05m | €0.06m | €0.06m | €0.05m | €0.04m | €0.02m | ▼ 48.2% |
| Current assets29/58 | €0.7m | €0.7m | €1.3m | €1.2m | €1.4m | €1.2m | €1.7m | ▲ 34.7% |
| Amounts receivable after more than one year29 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Trade receivables290 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts receivable within one year40/41 | €0.5m | €0.6m | €1.0m | €0.8m | €0.9m | €0.4m | €0.7m | ▲ 82.6% |
| Trade receivables40 | - | - | €0.4m | €0.5m | €0.6m | €0.3m | €0.7m | ▲ 145% |
| Other amounts receivable41 | - | - | €0.5m | €0.4m | €0.3m | €0.1m | €0.001m | ▼ 99.5% |
| Cash at bank and in hand54/58 | €0.05m | €0.001m | €0.2m | €0.3m | €0.4m | €0.7m | €0.8m | ▲ 10.1% |
| Deferred charges and accrued income490/1 | - | - | €0.004m | - | - | - | €0.03m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.7m | €0.8m | €1.4m | €1.3m | €1.5m | €1.3m | €1.7m | ▲ 32.5% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.5m | €0.6m | €0.7m | €0.9m | ▲ 26.3% |
| Contributions10/11 | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Capital10 | - | - | €0.03m | - | - | - | - | - |
| Issued capital100 | - | - | €0.03m | - | - | - | - | - |
| Profit (loss) carried forward14 | €0.06m | €0.1m | €0.3m | €0.4m | €0.6m | €0.7m | €0.8m | ▲ 27.5% |
| Amounts payable17/49 | €0.5m | €0.6m | €1.1m | €0.9m | €0.9m | €0.6m | €0.8m | ▲ 39.8% |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €1.1m | €0.9m | €0.9m | €0.6m | €0.8m | ▲ 39.8% |
| Financial debts43 | - | - | €0.2m | - | - | - | - | - |
| Credit institutions430/8 | - | - | €0.2m | - | - | - | - | - |
| Trade debts44 | €0.3m | €0.4m | €0.4m | €0.5m | €0.6m | €0.3m | €0.5m | ▲ 87.1% |
| Suppliers440/4 | - | - | €0.4m | €0.5m | €0.6m | €0.3m | €0.5m | ▲ 87.1% |
| Taxes, remuneration and social security45 | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 1.2% |
| Taxes450/3 | - | - | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 8.0% |
| Remuneration and social security454/9 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.4% |
| Other amounts payable47/48 | - | - | €0.09m | €0.04m | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.004m | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,482 | €75,446 | €138,172 | €156,224 | €149,726 | €79,244 | €181,599 | ▲ 129% |
| + Depreciation and write-downs630 | €8,538 | €8,459 | €8,939 | €10,346 | €12,127 | €7,641 | €4,236 | ▼ 44.6% |
| Operating cash flow (approximation) | €71,020 | €83,905 | €147,111 | €166,570 | €161,853 | €86,885 | €185,835 | ▲ 114% |
| Investment in fixed assets (approximation) | - | -€53,950 | -€11,000 | -€11,515 | €17,145 | -€396 | €7,072 | - |
| Change in cash | - | -€49,892 | €248,990 | €77,629 | €69,764 | €342,178 | €74,735 | ▼ 78.2% |
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, 6,782 companies had the same profile as LOGIX SUPPORT has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.7%
was still going
2.7%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of LOGIX SUPPORT itself: 0.1% 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 6,782 companies, not a prediction for LOGIX SUPPORT. 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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 03-05-2026 | 2026-00100378 | |
| 31-12-2024 | full format | 11-06-2025 | 2025-00136600 | |
| 31-12-2023 | full format | 16-05-2024 | 2024-00090892 | |
| 31-12-2022 | micro format | 13-06-2023 | 2023-00126980 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20464653 | |
| 31-12-2020 | abbreviated format | 31-12-2021 | 2021-82500517 | |
| 31-12-2019 | micro format | 08-03-2021 | 2021-07300254 |