LOGSYS
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2012.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline15-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 17-07-2013, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2012, full schema
Turnover
€1.97M▼ 60.2%
2011 · €4.95M
2009: €2.44M
2010: €3.21M
2011: €4.95M
2009 → 2012
EBIT margin
-6.4%▼ 10.4pp
2011 · 4.0%
2009: 4.6%
2010: 18.6%
2011: 4.0%
2009 → 2012
Net result
€-159k▼ 59.1%
2011 · €-100k
2009: €43k
2010: €615k
2011: €-100k
2009 → 2012
Working capital
€532k▼ 19.1%
2011 · €657k
2009: €-449k
2010: €153k
2011: €657k
2009 → 2012
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2009201020112012Trend
Turnover€2.44M-€3.21M▲ 31.6%€4.95M▲ 54.1%€1.97M▼ 60.2%
Equity€206k-€822k▲ 298%€722k▼ 12.2%€562k▼ 22.1%
Operating result€111k-€597k▲ 436%€196k▼ 67.2%€-127k
Net result€43k-€615k▲ 1,317%€-100k€-159k▼ 59.1%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2012: a loss of €127k after €196k in 2011, the lowest year so far.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €1.43M
Fixed assets
€42k▼ 70.9%
Current assets
€1.39M▲ 2.1%
Equity and liabilities €1.43M
Equity
€562k▼ 22.1%
Debt
€871k▲ 11.0%
The debt ratio rises from 52.1% to 60.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-93k▼
2011 · €273k
Cash flow
€-125k▼
2011 · €-23k
Solvency
39.2%▼
2011 · 47.9%
Current ratio
1.62▼
2011 · 1.93
Quick ratio
1.62▼
2011 · 1.93
ROE
-28.3%▼
2011 · -13.9%
ROA
-11.1%▼
2011 · -6.6%
Interest coverage
-15.56▼
2011 · 14.87
Debt
€871k▲
2011 · €785k
Debt ≤ 1 year
€859k▲
2011 · €705k
Income taxes
€35k▼
2011 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2012 against 2011
Balance sheet
Code20112012
Assets
Total assets20/58€1.51M€1.43M▼
Fixed assets21/28€144k€42k▼
Intangible fixed assets21€4k€977▼
Tangible fixed assets22/27€66k€37k▼
Financial fixed assets28€74k€4k▼
Current assets29/58€1.36M€1.39M▲
Amounts receivable within one year40/41€350k€319k▼
Cash at bank and in hand54/58€1.00M€1.07M▲
Equity and liabilities
Total equity and liabilities10/49€1.51M€1.43M▼
Equity10/15€722k€562k▼
Contributions10/11€100k€100k=
Reserves13€10k€10k=
Profit (loss) carried forward14€612k€452k▼
Amounts payable17/49€785k€871k▲
Amounts payable after more than one year17€972-
Amounts payable within one year42/48€705k€859k▲
Trade debts44€379k€497k▲
Income statement
Code20112012
Turnover70€4.95M€1.97M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€34k▼
Operating profit (loss)9901€196k€-127k▼
Recurring financial income75€302k€14k▼
Recurring financial charges65€20k€6k▼
Debt charges650€18k€6k▼
Profit (loss) for the period before taxes9903€-34k€-124k▼
Income taxes67/77€66k€35k▼
Profit (loss) for the period9904€-100k€-159k▼
Profit (loss) for the period to be appropriated9905€-100k€-159k▼
Timeline · acts, filings and financial milestones
2013
30-07
State Gazette act
General meeting · Merger
Frederik VLAMINCK
17-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
31-05
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose · Frederik VLAMINCK
2012
31-12
Financial
Weakest financial yearnet €-159k
Net result drops to €-159k, the lowest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2010
24-12
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
30-06
Financial
Highest result since 2009net €615k ▲1317%
Operating result €597k, net result €615k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 1.17
Current ratio from 0.44 to 1.17.
30-06
Financial
Equity above €500kEq €822k ▲298%
2 profitable years in a row build equity to €822k.
2009
26-11
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2008
27-11
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2007
25-07
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
2006
10-07
NBB filing
Annual accounts filed
fiscal year 2005 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:MANUPORT SERVICES