LOGSTAT
ActiveSummary
LOGSTAT has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,032 and a net result of €100,219. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 3,376 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €27,032
- Profit
- €100,219
Why 85raises risk1 change of registered office in 24 monthsNo registered site in the KBOlowers riskLiquidity: current ratio 1.30, cash €67,629Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 24% on solvency, 41% on liquidity, 82% on profitability and 71% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 18 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €100,219 ▲508%
- Registered office · Purpose · Amendment…Name change · Approval ·…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (12 days) Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00394119.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 5.7 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2025 Turnover +265% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 3,818 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €36,000 | €30,000 | €40,000 | €146,000 | ▲ 265% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €3,000 | €4,291 | €4,538 | €4,536 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €8,752 | - | - |
| Other operating charges640/8 | - | - | - | - | €623 | €686 | €1,988 | €605 | ▼ 69.6% |
| Gross operating margin9900 | €0 | - | - | - | €33,000 | €25,709 | €35,462 | €141,464 | ▲ 299% |
| Operating profit (loss)9901 | -€149 | -€54 | €0 | - | €32,377 | €25,023 | €24,722 | €140,859 | ▲ 470% |
| Financial income75/76B | - | - | - | - | - | - | - | €1,169 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €1,169 | - |
| Financial charges65/66B | - | - | - | €154 | €140 | €231 | €243 | €243 | = |
| Recurring financial charges65 | - | - | - | €154 | €140 | €231 | €243 | €243 | = |
| Profit (loss) for the period before taxes9903 | -€115 | -€311 | €0 | -€154 | €32,237 | €24,792 | €24,479 | €141,785 | ▲ 479% |
| Income taxes67/77 | - | - | - | - | €7,000 | €6,420 | €8,000 | €41,566 | ▲ 420% |
| Profit (loss) for the period9904 | -€115 | -€311 | €0 | -€154 | €25,237 | €18,372 | €16,479 | €100,219 | ▲ 508% |
| Profit (loss) for the period to be appropriated9905 | -€115 | -€311 | €0 | -€154 | €25,237 | €18,372 | €16,479 | €100,219 | ▲ 508% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €399 | €542 | €542 | €489 | €13,932 | €14,990 | €33,035 | €116,424 | ▲ 252% |
| Fixed assets21/28 | - | - | - | - | - | - | €17,503 | - | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €17,503 | - | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €17,503 | - | - |
| Current assets29/58 | €399 | €542 | €542 | €489 | €13,932 | €14,990 | €15,532 | €116,424 | ▲ 650% |
| Stocks and contracts in progress3 | €395 | €395 | €395 | €395 | €395 | €396 | €395 | €395 | = |
| Stocks30/36 | - | - | - | €395 | €395 | €396 | €395 | €395 | = |
| Amounts receivable within one year40/41 | - | - | - | - | - | €11,586 | €2,000 | €48,400 | ▲ 24× |
| Trade receivables40 | - | - | - | - | - | €10,890 | - | €48,400 | - |
| Other amounts receivable41 | - | - | - | - | - | €696 | €2,000 | - | - |
| Cash at bank and in hand54/58 | €4 | €147 | €147 | €94 | €13,537 | €3,008 | €13,137 | €67,629 | ▲ 415% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €399 | €542 | €542 | €489 | €13,932 | €14,990 | €33,035 | €116,424 | ▲ 252% |
| Equity10/15 | -€2,810 | -€3,121 | -€3,121 | -€3,275 | €1,962 | €10,334 | €26,813 | €27,032 | ▲ 0.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,519 | €1,519 | €1,519 | €1,519 | €1,518 | €1,518 | €1,518 | €1,519 | ▲ 0.1% |
| Distributable reserves133 | - | - | - | €1,519 | €1,518 | €1,518 | €1,518 | €1,519 | ▲ 0.1% |
| Profit (loss) carried forward14 | -€10,529 | -€10,840 | -€10,840 | -€10,994 | -€5,756 | €2,616 | €19,095 | €19,313 | ▲ 1.1% |
| Amounts payable17/49 | €3,209 | €3,663 | €3,663 | €3,764 | €11,970 | €4,656 | €6,222 | €89,392 | ▲ 14× |
| Amounts payable within one year42/48 | €3,209 | €3,663 | €3,663 | €3,764 | €11,970 | €4,656 | €6,222 | €89,392 | ▲ 14× |
| Financial debts43 | - | - | - | €3,764 | - | - | - | - | - |
| Other loans439 | - | - | - | €3,764 | - | - | - | - | - |
| Trade debts44 | - | - | - | - | - | €3,630 | €120 | - | - |
| Suppliers440/4 | - | - | - | - | - | €3,630 | €120 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €3,150 | €1,026 | €2,097 | €22,991 | ▲ 996% |
| Taxes450/3 | - | - | - | - | €3,150 | €1,026 | €2,097 | €22,991 | ▲ 996% |
| Other amounts payable47/48 | - | - | - | - | €8,820 | - | €4,005 | €66,401 | ▲ 17× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€115 | -€311 | €0 | -€154 | €25,237 | €18,372 | €16,479 | €100,219 | ▲ 508% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €8,752 | - | - |
| Operating cash flow (approximation) | -€115 | -€311 | €0 | -€154 | €25,237 | €18,372 | €25,231 | €100,219 | ▲ 297% |
| Change in cash | - | €143 | €0 | -€53 | €13,443 | -€10,529 | €10,129 | €54,492 | ▲ 438% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 12-08-2026 | 2026-00394119 |
| 31-12-2024 | micro format | 19-08-2025 | 2025-00381593 |
| 31-12-2023 | micro format | 14-08-2024 | 2024-00344148 |
| 31-12-2022 | micro format | 14-08-2023 | 2023-00327014 |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20300515 |
| 31-12-2020 | micro format | 16-08-2021 | 2021-48600024 |
| 31-12-2019 | micro format | 27-08-2020 | 2020-45000109 |
| 31-12-2018 | micro format | 20-08-2019 | 2019-47400120 |
| 31-12-2017 | micro format | 23-08-2018 | 2018-48100555 |
| 31-12-2016 | micro format | 20-08-2017 | 2017-44100559 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Erik WITVROUWEN |
|
Owners and capital
Capital and shareholders
- 29-01-2024 Converted to unavailable equity · €6,200
- 29-01-2024 Converted to available equity · €6,200
- 29-01-2024 Converted to uncalled contributions · €12,400
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
22-12
Gazette deed
Registered office · Purpose · Amendment of the articles · NameName change · Approval · Purpose change9 facts ▸
- General meeting, 15-12-2025
- Name change, LOGSTAT
- Other provision, “verzakening aan tijdstip en wijze van kennisgeving van omstandig verslag bestuursorgaan over voorgestelde voorwerpwijziging, Wetboek van Vennootschappen en Vere…” (deed in Dutch)
- Approval, “voor zoveel als nodig, verslag van het bestuursorgaan met betrekking tot de voorgestelde wijziging van het voorwerp” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Power of attorney
- Registered-office move, 2500 Lier,Sint-Bernardusstraat 34
- Board meeting, 15-12-2025
29-01
Gazette deed
Appointment: Erik WITVROUWEN (statutory director)Amendment of the articles · Capital conversion · Kind of shares9 facts ▸
- General meeting, 20-12-2023
- Other provision, “van rechtswege aanneming rechtsvorm besloten vennootschap, artikel 39, §1, eerste en derde lid van de wet van 23-03-2019 tot invoering van het WVV” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “rekening onbeschikbare inbrengen” (deed in Dutch)
- Capital conversion, “rekening beschikbare inbreng” (deed in Dutch)
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Director appointment, Erik WITVROUWEN (statutory director) (2 times)
- Other provision, “geen onverenigbaarheid noch wettelijke verhindering tot uitoefening mandaat, verklaarde mandaat te aanvaarden onder bevestiging” (deed in Dutch)
- Kind of shares, “dezelfde soort, gelijk recht op deelneming in winst” (deed in Dutch)
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12392A0783/00K002 | Flanders | 338 m² | 1 · 123 m² | 11.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- LOGSTATdeed of 22-12-2025
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)deed of 29-01-2024
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Vertegenwoordigingsbevoegdheid De vennootschap wordt, ten aanzien van derden, in en buiten rechte, in alle rechtshandelingen en akten, met…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, hetzij enige aandeelhouder, hetzij een of meer personen, al dan niet aandeelhouder, benoemd met of zonder beperking…” (deed in Dutch)“Vormen samen college, beraadslaagt en besluit volgens gewone regels van beraadslagende vergaderingen, oefenen interne bestuursbevoegdheid…” (deed in Dutch)1 more provision on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Aandelen en alle effecten die recht geven op verwerving van aandelen, artikel 5:63,§1 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00