SUBLOGIC
ActiveSummary
SUBLOGIC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €166,746 and a net result of €31,034. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 73% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+7
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 4.96 against 7.07 in 2023; short-term debt: 19.9% and cash: 88.9% of total assets), and 19.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
47 d early
2022
24 d early
2021
6 d early
2020
12 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€166,746▲ 5.5%
2023 · €158,112
Total assets
€208,056▲ 13.4%
2023 · €183,470
Net result
€31,034▲ 95.9%
2023 · €15,839
Working capital
€163,762▲ 6.4%
2023 · €153,870
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€61,206▲ 86.3%€46,438▼ 24.1%€56,357▲ 21.4%€25,456▼ 54.8%€47,453▲ 86.4%
Net result€43,147▲ 92.6%€31,986▼ 25.9%€38,540▲ 20.5%€15,839▼ 58.9%€31,034▲ 95.9%
Equity€71,747▲ 151%€103,733▲ 44.6%€142,274▲ 37.2%€158,112▲ 11.1%€166,746▲ 5.5%
Total assets€133,102▲ 120%€160,111▲ 20.3%€190,802▲ 19.2%€183,470▼ 3.8%€208,056▲ 13.4%
Debt€61,355▲ 92.2%€56,378▼ 8.1%€48,528▼ 13.9%€25,358▼ 47.7%€41,310▲ 62.9%
Working capital€68,925▲ 173%€101,295▲ 47.0%€141,512▲ 39.7%€153,870▲ 8.7%€163,762▲ 6.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 86% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €208,056
Fixed assets
€2,984 ▼ 29.7%
Current assets
€205,072 ▲ 14.4%
Equity and liabilities €208,056
Equity
€166,746 ▲ 5.5%
Debt
€41,310 ▲ 62.9%
Debt's share of the balance-sheet total rises from 13.8% to 19.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48,712▲
2023 · €27,100
Cash flow
€32,293▲
2023 · €17,482
Current ratio
4.96▼
2023 · 7.07
Debt to equity
0.25▲
2023 · 0.16
ROE
18.6%▲
2023 · 10.0%
ROA
14.9%▲
2023 · 8.6%
Interest coverage
13.99▲
2023 · 7.15
Debt ≤ 1 year
€41,310▲
2023 · €25,358
Income taxes
€12,937▲
2023 · €7,221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,113 | €1,519 | €1,794 | €1,643 | €1,259 | ▼ 23.4% |
| Other operating charges640/8 | - | €951 | €1,041 | €959 | €536 | ▼ 44.1% |
| Gross operating margin9900 | €62,855 | €48,909 | €59,192 | €28,059 | €49,248 | ▲ 75.5% |
| Operating profit (loss)9901 | €61,206 | €46,438 | €56,357 | €25,456 | €47,453 | ▲ 86.4% |
| Financial income75/76B | - | €0 | - | €1,396 | - | - |
| Recurring financial income75 | - | €0 | - | €1,396 | - | - |
| Non-recurring financial income76B | - | - | - | €1,396 | - | - |
| Financial charges65/66B | - | €1,241 | €1,240 | €3,792 | €3,482 | ▼ 8.2% |
| Recurring financial charges65 | €935 | €1,241 | €1,240 | €3,792 | €3,482 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €60,271 | €45,197 | €55,117 | €23,060 | €43,971 | ▲ 90.7% |
| Income taxes67/77 | €17,124 | €13,211 | €16,577 | €7,221 | €12,937 | ▲ 79.2% |
| Profit (loss) for the period9904 | €43,147 | €31,986 | €38,540 | €15,839 | €31,034 | ▲ 95.9% |
| Profit (loss) for the period to be appropriated9905 | €43,147 | €31,986 | €38,540 | €15,839 | €31,034 | ▲ 95.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,102 | €160,111 | €190,802 | €183,470 | €208,056 | ▲ 13.4% |
| Fixed assets21/28 | €2,822 | €2,439 | €2,709 | €4,243 | €2,984 | ▼ 29.7% |
| Tangible fixed assets22/27 | €2,822 | €2,439 | €2,709 | €4,243 | €2,984 | ▼ 29.7% |
| Furniture and vehicles24 | - | €2,439 | €1,389 | €298 | €29 | ▼ 90.4% |
| Other tangible fixed assets26 | - | - | €1,320 | €3,944 | €2,955 | ▼ 25.1% |
| Current assets29/58 | €130,280 | €157,673 | €188,093 | €179,228 | €205,072 | ▲ 14.4% |
| Amounts receivable within one year40/41 | €10,164 | €11,979 | €13,552 | €16,008 | €18,060 | ▲ 12.8% |
| Trade receivables40 | - | €11,979 | €13,552 | €11,229 | €11,211 | ▼ 0.2% |
| Other amounts receivable41 | - | - | - | €4,779 | €6,850 | ▲ 43.3% |
| Cash at bank and in hand54/58 | €114,451 | €143,004 | €172,620 | €160,264 | €184,987 | ▲ 15.4% |
| Deferred charges and accrued income490/1 | - | €2,689 | €1,921 | €2,955 | €2,025 | ▼ 31.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,102 | €160,111 | €190,802 | €183,470 | €208,056 | ▲ 13.4% |
| Equity10/15 | €71,747 | €103,733 | €142,274 | €158,112 | €166,746 | ▲ 5.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €65,547 | €97,533 | €136,074 | €151,912 | €160,546 | ▲ 5.7% |
| Non-distributable reserves130/1 | - | €1,120 | €1,120 | €1,120 | - | - |
| Reserves not available under the articles1311 | - | €1,120 | €1,120 | €1,120 | - | - |
| Distributable reserves133 | - | €96,413 | €134,954 | €150,792 | €160,546 | ▲ 6.5% |
| Amounts payable17/49 | €61,355 | €56,378 | €48,528 | €25,358 | €41,310 | ▲ 62.9% |
| Amounts payable within one year42/48 | €61,355 | €56,378 | €46,580 | €25,358 | €41,310 | ▲ 62.9% |
| Trade debts44 | €932 | €187 | €362 | €402 | €48 | ▼ 88.0% |
| Suppliers440/4 | - | €187 | €362 | €402 | €48 | ▼ 88.0% |
| Taxes, remuneration and social security45 | - | €23,061 | €28,471 | €9,239 | €11,877 | ▲ 28.6% |
| Taxes450/3 | - | €23,061 | €28,471 | €9,239 | €11,877 | ▲ 28.6% |
| Other amounts payable47/48 | - | €33,131 | €17,747 | €15,717 | €29,384 | ▲ 87.0% |
| Accrued charges and deferred income492/3 | - | - | €1,948 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,147 | €31,986 | €38,540 | €15,839 | €31,034 | ▲ 95.9% |
| + Depreciation and write-downs630 | €1,113 | €1,519 | €1,794 | €1,643 | €1,259 | ▼ 23.4% |
| Operating cash flow (approximation) | €44,260 | €33,505 | €40,334 | €17,482 | €32,293 | ▲ 84.7% |
| Investment in fixed assets (approximation) | - | -€1,135 | -€2,064 | -€3,177 | €0 | ▲ 100% |
| Change in cash | - | €28,553 | €29,616 | -€12,356 | €24,723 | ▲ 300% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €15,839 ▼58.9%
Net result drops to €15,839, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €158,112 ▲11.1%
5 profitable years in a row build equity to €158,112.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €103,733 ▲44.6%
3 profitable years in a row build equity to €103,733.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Highest result since 2019net €43,147 ▲92.6%
Operating result €61,206, net result €43,147, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bierbeek · 1 establishment unit since 2018
Ground area
1,156 m²
Building footprint
194 m²
Volume, LiDAR
1,021 m³
Parcel 24011H0194/00T000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SubLogic
since 20182.277.350.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24011H0194/00T000 | Flanders | 1,156 m² | 1 · 194 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,394. 15,218 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
62100Computer programming
64210Activities of holding companies
74120Graphic design and visual communication
Scores and ratios are computed by Checked and are not a credit decision.