LOGTHING
ActiveSummary
The annual accounts of LOGTHING for financial year 2025 show a net loss of 56% of total assets and of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €3,344 and a net result of -€4,241. Equity has been shrinking by about 28% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 43% of 10,818 sector peers (NACE 70, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-01-2006 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.151.209.778 9401 Ninove, since 24-01-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- COOREMAN KatrienDirector · since 04-02-2006
- DE BOITSELIER Thomas Armand LaurensDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
- Gross margin
- -€4,241
- ▲ 37.6%
- Loss
- €4,241
- ▼ 76.7%
- Equity
- €3,344
- ▼ 55.9%
- Total assets
- €7,536
- ▼ 66.2%
- 2025 accounts filed 24 days after the deadline
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthsLiquidity: current ratio 1.80Loss of €4,241, the second in a row (financial year 2025)lowers riskSize: total assets €7,536Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 41% of them on solvency, 23% on liquidity, 4% on profitability and 11% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 45 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00430696.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 19 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,241, smaller than the loss of €18,232 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,264 | - | - | - | - |
| Depreciation and write-downs of the year | - | - | - | €8,264 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €8,264 | - | - |
| Other operating charges640/8 | - | - | - | €3,427 | €1,978 | €2,203 | €3,168 | - | - |
| Gross operating margin9900 | €51,128 | -€15,775 | -€6,859 | -€4,257 | -€9,420 | -€10,628 | -€6,800 | -€4,241 | ▲ 37.6% |
| Operating profit (loss)9901 | €48,578 | -€17,970 | -€19,973 | -€7,684 | -€11,398 | -€12,831 | -€18,232 | -€4,241 | ▲ 76.7% |
| Profit (loss) for the period before taxes9903 | €48,578 | -€17,970 | -€19,973 | -€7,684 | -€11,398 | -€12,831 | -€18,232 | -€4,241 | ▲ 76.7% |
| Income taxes67/77 | €18,070 | - | -€5,195 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €30,508 | -€17,970 | -€14,778 | -€7,684 | -€11,398 | -€12,831 | -€18,232 | -€4,241 | ▲ 76.7% |
| Profit (loss) for the period to be appropriated9905 | €30,508 | -€17,970 | -€14,778 | -€7,684 | -€11,398 | -€12,831 | -€18,232 | -€4,241 | ▲ 76.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €129,502 | €105,126 | €64,428 | €54,803 | €47,225 | €27,779 | €22,311 | €7,536 | ▼ 66.2% |
| Fixed assets21/28 | - | - | - | €8,264 | €8,264 | €8,264 | - | - | - |
| Tangible fixed assets22/27 | - | - | - | €8,264 | €8,264 | €8,264 | - | - | - |
| Furniture and vehicles24 | - | - | - | €8,264 | €8,264 | €8,264 | - | - | - |
| Current assets29/58 | €129,502 | €105,126 | €64,428 | €46,539 | €38,961 | €19,514 | €22,311 | €7,536 | ▼ 66.2% |
| Amounts receivable within one year40/41 | €59,691 | €44,328 | €5,069 | €3,613 | €1,941 | €1,991 | €11,114 | €5,563 | ▼ 50.0% |
| Trade receivables40 | - | - | - | - | - | - | €9,003 | €2,334 | ▼ 74.1% |
| Other amounts receivable41 | - | - | - | €3,613 | €1,941 | €1,991 | €2,112 | €3,229 | ▲ 52.9% |
| Current investments50/53 | - | - | - | - | - | €17,524 | - | €1,974 | - |
| Cash at bank and in hand54/58 | €69,811 | €60,798 | €59,358 | €42,926 | €37,020 | - | €11,197 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €129,502 | €105,126 | €64,428 | €54,803 | €47,225 | €27,779 | €22,311 | €7,536 | ▼ 66.2% |
| Equity10/15 | €90,478 | €72,508 | €57,730 | €50,046 | €38,649 | €25,818 | €7,585 | €3,344 | ▼ 55.9% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | - | - | - | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Issued capital100 | - | - | - | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Non-distributable reserves130/1 | - | - | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Legal reserve130 | - | - | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €62,978 | €45,008 | €30,230 | €22,546 | €11,149 | -€1,682 | -€19,915 | -€24,156 | ▼ 21.3% |
| Amounts payable17/49 | €39,024 | €32,618 | €6,698 | €4,757 | €8,576 | €1,961 | €14,726 | €4,192 | ▼ 71.5% |
| Amounts payable within one year42/48 | €39,024 | €32,618 | €6,698 | €4,757 | €8,576 | €1,961 | €14,726 | €4,192 | ▼ 71.5% |
| Trade debts44 | €21,024 | €14,618 | €5,539 | €4,001 | €7,821 | €1,961 | €14,726 | €4,192 | ▼ 71.5% |
| Suppliers440/4 | - | - | - | €4,001 | €7,821 | €1,961 | €14,726 | €4,192 | ▼ 71.5% |
| Other amounts payable47/48 | - | - | - | €756 | €756 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,508 | -€17,970 | -€14,778 | -€7,684 | -€11,398 | -€12,831 | -€18,232 | -€4,241 | ▲ 76.7% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €8,264 | - | - |
| Operating cash flow (approximation) | €30,508 | -€17,970 | -€14,778 | -€7,684 | -€11,398 | -€12,831 | -€9,968 | -€4,241 | ▲ 57.5% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | €0 | - | - | - |
| Change in cash | - | -€9,013 | -€1,440 | -€16,433 | -€5,906 | - | - | - | - |
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, 5,831 companies had the same profile as LOGTHING has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOGTHING itself: 0.9% 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 5,831 companies, not a prediction for LOGTHING. 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00430696 | |
| 31-12-2024 | micro format | 18-08-2025 | 2025-00389504 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00433044 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00355782 | |
| 31-12-2021 | micro format | 07-10-2022 | 2022-20458280 | |
| 31-12-2020 | micro format | 06-10-2021 | 2021-71400361 | |
| 31-12-2019 | micro format | 27-10-2020 | 2020-65200275 | |
| 31-12-2018 | micro format | 01-10-2019 | 2019-68400090 | |
| 31-12-2016 | micro format | 11-10-2017 | 2017-67100154 | |
| 31-12-2015 | abbreviated format | 27-09-2016 | 2016-62100510 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-07-2026 Converted to unavailable equity · €25,000
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COOREMAN Katrien |
|
| DE BOITSELIER Thomas Armand Laurens |
|
| GERRY Laurette |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering kan vertrekvergoeding toekennen, algemene vergadering die benoemt bepaalt aantal,duur van opdracht en,indien meerdere…”
Articles of association, deed of 24-07-2026 (in Dutch)
Network & group
LOGTHING shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of LOGTHING. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-07
Gazette deed
Registered office moved to NinoveNew seat: 9401 Ninove (Pollare), Neuringen 109 · Change of role: COOREMAN Katrien, from manager to director · Resignation: GERRY Laurette (manager)19 points ▸
- General meeting, 09-07-2026
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm besloten vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles, 1
- Other provision, “verslag bestuur artikel 5:101 WVV, voorwerp wijzigen zoals omschreven in artikel 3” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Capital
- Director resignation, GERRY Laurette (manager)
- Director resignation, COOREMAN Katrien (manager)
- Board rule, 2
- The act holds 7 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41057A1048/00_000 | Flanders | 2,618 m² | 1 · 180 m² | 9.5 m · 2 |
| 41057A0543/00E000 | Flanders | 1,257 m² | 1 · 156 m² | 10.0 m · 2 |