LOGORACK
Bankruptcy closedSummary
LOGORACK was declared bankrupt (Ondernemingsrechtbank Antwerpen, afdeling Hasselt). The bankruptcy declaration was reversed by judgment of 19-06-2025, published in the Belgian Official Gazette on 25-06-2025. The 2024 annual accounts show equity of €119,673 and a net result of €36,178.
Overview
Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 11-09-2020
- Activity
- General electrical installation work NACE 43211and 2 others
- Establishment unit
- 2.308.221.007 3600 Genk, since 11-09-2020
- Financial year end
- 31 December
- Peppol
- Left the register on 01-11-2026
Financial position
No score
Annual accounts 2024
- Gross margin
- €42,310
- ▼ 56.1%
- Turnover
- ≈ €200,000
- estimated
- Profit
- €36,178
- ▼ 35.7%
- Equity
- €119,673
- ▲ 43.3%
- Total assets
- €822,639
- ▲ 104%
- Staff
- ≈ 0 FTE
- estimated
Filed on 27-03-2026
Financials
Financials · financial year 2024, micro format
2024 annual accounts filed 239 days after the deadline Filed on 27 March 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00071734.
Annual accounts 2024 filed on 27-03-2026 PDF all 4 filings
Turnover
≈ €200,000
Estimated: probably between €140,000 and €300,000
Total assets
€822,639▲ 104%
2023 · €402,525
Net result
€36,178▼ 35.7%
2023 · €56,273
Working capital
€119,673▲ 43.3%
2023 · €83,495
In the rankings
#5 company by total assets in Zutendaal, Construction sector
Trend over the years
2021 to 2024, 4 financial years
The operating result for 2024 is 44% lower than in 2023.
Operating result€40,356
2024
Net result€36,178
2024
Total assets€822,639
2024
Equity€119,673
2024
Debt€702,966
2024
Working capital€119,673
2024
Return on assets (ROA)4.4%
2024
Solvency14.5%
2024
Current ratio1.17
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€11,304-€13,684▲ 21.1%€71,860▲ 425%€40,356▼ 43.8%
Net result€7,448within the sector's middle half-€9,775within the sector's middle half▲ 31.2%€56,273above the sector's middle half▲ 476%€36,178above the sector's middle half▼ 35.7%
Equity€17,448below the sector's middle half-€27,223within the sector's middle half▲ 56.0%€83,495within the sector's middle half▲ 207%€119,673within the sector's middle half▲ 43.3%
Total assets€23,365below the sector's middle half-€50,588below the sector's middle half▲ 117%€402,525above the sector's middle half▲ 696%€822,639above the sector's middle half▲ 104%
Debt€5,917-€23,365▲ 295%€319,030▲ 14×€702,966▲ 120%
Working capital€17,448within the sector's middle half-€27,223within the sector's middle half▲ 56.0%€83,495within the sector's middle half▲ 207%€119,673above the sector's middle half▲ 43.3%
Solvency74.7%above the sector's middle half-53.8%within the sector's middle half▼ 20.9pp20.7%below the sector's middle half▼ 33.1pp14.5%below the sector's middle half▼ 6.2pp
Current ratio3.95above the sector's middle half-2.17within the sector's middle half▼ 1.781.26within the sector's middle half▼ 0.901.17within the sector's middle half▼ 0.09
Return on assets (ROA)31.9%above the sector's middle half-19.3%above the sector's middle half▼ 12.6pp14.0%within the sector's middle half▼ 5.3pp4.4%within the sector's middle half▼ 9.6pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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.
Turnover and EBIT margin are 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
Equity and liabilities €822,639
Equity
€119,673 ▲ 43.3%
Debt
€702,966 ▲ 120%
Debt's share of the balance-sheet total rises from 79.3% to 85.5%. Equity and debt are higher.
Key figures and ratios
Debt to equity
5.87▲
2023 · 3.82
ROE
30.2%▼
2023 · 67.4%
Debt ≤ 1 year
€702,966▲
2023 · €319,030
Income taxes
€11,330▼
2023 · €15,660
Staff costs
€1,156▼
2023 · €2,490
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €692 | €2,706 | €2,490 | €1,156 | ▼ 53.6% |
| Other operating charges640/8 | - | €57 | €22,021 | €799 | ▼ 96.4% |
| Gross operating margin9900 | €11,996 | €16,447 | €96,371 | €42,310 | ▼ 56.1% |
| Operating profit (loss)9901 | €11,304 | €13,684 | €71,860 | €40,356 | ▼ 43.8% |
| Financial income75/76B | €87 | €1,895 | €2,838 | €9,763 | ▲ 244% |
| Recurring financial income75 | €87 | €1,895 | €2,838 | €9,763 | ▲ 244% |
| Financial charges65/66B | €2,081 | €3,361 | €2,766 | €2,610 | ▼ 5.7% |
| Recurring financial charges65 | €2,081 | €3,361 | €2,766 | €2,610 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €9,310 | €12,218 | €71,932 | €47,508 | ▼ 34.0% |
| Income taxes67/77 | €1,862 | €2,444 | €15,660 | €11,330 | ▼ 27.6% |
| Profit (loss) for the period9904 | €7,448 | €9,775 | €56,273 | €36,178 | ▼ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €7,448 | €9,775 | €56,273 | €36,178 | ▼ 35.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23,365 | €50,588 | €402,525 | €822,639 | ▲ 104% |
| Current assets29/58 | €23,365 | €50,588 | €402,525 | €822,639 | ▲ 104% |
| Amounts receivable within one year40/41 | €23,365 | €38,827 | €391,693 | €821,563 | ▲ 110% |
| Trade receivables40 | €19,182 | €6,405 | €315,874 | €618,858 | ▲ 95.9% |
| Other amounts receivable41 | €4,183 | €32,422 | €75,819 | €202,705 | ▲ 167% |
| Cash at bank and in hand54/58 | - | €11,761 | €10,832 | €1,076 | ▼ 90.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23,365 | €50,588 | €402,525 | €822,639 | ▲ 104% |
| Equity10/15 | €17,448 | €27,223 | €83,495 | €119,673 | ▲ 43.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | - | €73,495 | €109,673 | ▲ 49.2% |
| Distributable reserves133 | - | - | €73,495 | €109,673 | ▲ 49.2% |
| Profit (loss) carried forward14 | €7,448 | €17,223 | - | - | - |
| Amounts payable17/49 | €5,917 | €23,365 | €319,030 | €702,966 | ▲ 120% |
| Amounts payable within one year42/48 | €5,917 | €23,365 | €319,030 | €702,966 | ▲ 120% |
| Financial debts43 | €11 | - | - | - | - |
| Credit institutions430/8 | €11 | - | - | - | - |
| Trade debts44 | €4,045 | €6,605 | €288,196 | €672,562 | ▲ 133% |
| Suppliers440/4 | €4,045 | €6,605 | €288,196 | €672,562 | ▲ 133% |
| Taxes, remuneration and social security45 | €1,862 | €16,760 | €30,834 | €30,404 | ▼ 1.4% |
| Taxes450/3 | €1,862 | €12,676 | €30,834 | €30,404 | ▼ 1.4% |
| Remuneration and social security454/9 | - | €4,084 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,448 | €9,775 | €56,273 | €36,178 | ▼ 35.7% |
| Operating cash flow (approximation) | €7,448 | €9,775 | €56,273 | €36,178 | ▼ 35.7% |
| Change in cash | - | - | -€928 | -€9,757 | ▼ 951% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director
CIFCI EMRE
Current
Director · listed in the 2022 annual accounts, filed on 20-07-2023
Owners and capital
Owners
Network & group
LOGORACK shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of LOGORACK. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2026
27-03
micro format · 239 days late
13-02
Gazette deed
Registered office moved from Genk to ZutendaalDirector in office3 points ▸
Gazette deed
Registered office moved from Genk to Zutendaal
Director in office3 points ▸
- General meeting, 02-01-2025
- Registered-office move, Tiendenstraat 17 bus 0.1, 3690 Zutendaal
- Director in office, Cifci Emre (director)
2025
25-06
Bankruptcy
Bankruptcy reversal
Enterprise Court of Antwerp, Hasselt division · judgment of 19-06-2025
04-03
micro format · 216 days late
2024
31-12
Financial
Equity above €100,000equity €119,673 ▲43.3%
With a profit in every financial year since 2021, equity grows to €119,673.
2023
31-12
Financial
Highest result from 2021 to 2024net €56,273 ▲476%
The operating result of €71,860 and the net result of €56,273 are both a record.
20-07
micro format · 11 days before the deadline
2022
17-08
micro format · 17 days late
2020
15-09
4 publications in the Belgian Official Gazette, the last on 13-02-2026
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2024
- Legal form
- Private limited company
- Active since
- 11 September 2020
Register details
Identity
Name
LOGORACK in Dutch
Enterprise number
0753.970.112
Entity type
Legal entity
Registered office and establishments
Registered office
Tiendenstraat 17, 3690 Zutendaal, Belgium
Former registered office
3600 Genk until the act of 13-02-2026
Establishment unit
LOGORACK, Hoevenzavellaan 99, 3600 Genk since 11-09-2020 · unit number 2.308.221.007
Activities
NACEBEL 2025VAT activities
43211
General electrical installation work main activity
46499
Wholesale of other household goods
Social security (RSZ) activities
43320
Joinery installation main activity
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
46499
Wholesale of other household goods
Invoicing and payment
VAT number
BE 0753.970.112
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
5,928 m²
Building footprint
2,362 m²
Building volume
22,992 m³
Tallest building: 14.1 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71582E0431/00M025 | Flanders | 5,661 m² | 1 · 2,164 m² | 11.1 m · 3 |
| 71308A0818/00Z208 | Flanders | 267 m² | 1 · 198 m² | 14.1 m · 3 |