LE LOGIS - FLOREAL
ActiveLE LOGIS - FLOREAL has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59.26M and a net result of €329k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79=
Solvency80▼-3
Growth53▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.25M at 30 days acceptable
Liquidity ample (current ratio 2.61 against 5.23 in 2024; short-term debt: 6% and cash: 13.3% of total assets), and 45.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.6%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
23 d early
2023
41 d early
2022
34 d early
2021
45 d early
2020
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12.67M▲ 9.3%
2024 · €11.60M
2018: €8.37M
2020: €9.20M
2021: €9.40M
2022: €9.63M
2023: €11.02M
2024: €11.60M
2018 → 2025
EBIT margin
-7.2%▲ 1.8pp
2024 · -9.0%
2018: 5.8%
2020: 8.0%
2021: 26.4%
2022: 0.8%
2023: -7.7%
2024: -9.0%
2018 → 2025
Net result
€329k▲ 125%
2024 · €146k
2018: €853k
2020: €1.43M
2021: €3.16M
2022: €867k
2023: €289k
2024: €146k
2018 → 2025
Working capital
€10.50M▼ 25.6%
2024 · €14.12M
2018: €14.08M
2020: €18.45M
2021: €20.75M
2022: €18.98M
2023: €14.64M
2024: €14.12M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9.40M-€9.63M▲ 2.5%€11.02M▲ 14.4%€11.60M▲ 5.2%€12.67M▲ 9.3%
Equity€51.11M-€53.41M▲ 4.5%€54.81M▲ 2.6%€58.48M▲ 6.7%€59.26M▲ 1.3%
Operating result€2.48M-€80k▼ 96.8%€-852k€-1.04M▼ 22.2%€-910k▲ 12.5%
Net result€3.16M-€867k▼ 72.5%€289k▼ 66.7%€146k▼ 49.5%€329k▲ 125%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €910k in 2025 against €1.04M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108.53M
Fixed assets
€91.52M▲ 8.7%
Current assets
€17.00M▼ 2.6%
Equity and liabilities €108.53M
Equity
€59.26M▲ 1.3%
Provisions
€2.93M▲ 3.1%
Debt
€46.33M▲ 14.9%
The debt ratio rises from 39.7% to 42.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.85M▲
2024 · €3.23M
Cash flow
€5.09M▲
2024 · €4.41M
Solvency
54.6%▼
2024 · 57.5%
Current ratio
2.61▼
2024 · 5.23
Quick ratio
2.58▼
2024 · 5.16
Debt / equity
0.78▲
2024 · 0.69
ROE
0.6%▲
2024 · 0.2%
ROA
0.3%▲
2024 · 0.1%
Interest coverage
11.97▲
2024 · 7.42
Debt
€46.33M▲
2024 · €40.31M
Debt ≤ 1 year
€6.50M▲
2024 · €3.34M
Debt > 1 year
€39.76M▲
2024 · €36.96M
Income taxes
€11k▼
2024 · €14k
Staff costs
€6.34M▲
2024 · €5.99M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€101.63M€108.53M▲
Fixed assets21/28€84.18M€91.52M▲
Intangible fixed assets21€14k€9k▼
Tangible fixed assets22/27€84.16M€91.51M▲
Land and buildings22€75.59M€83.30M▲
Plant, machinery and equipment23€47k€31k▼
Furniture and vehicles24€108k€105k▼
Other tangible fixed assets26€0-
Assets under construction and advance payments27€8.41M€8.08M▼
Financial fixed assets28€824€824=
Other financial fixed assets284/8€824€824=
Shares284€10€10=
Amounts receivable and cash guarantees285/8€814€814=
Current assets29/58€17.46M€17.00M▼
Stocks and contracts in progress3€249k€234k▼
Stocks30/36€249k€234k▼
Raw materials and consumables30/31€249k€234k▼
Amounts receivable within one year40/41€1.47M€2.14M▲
Trade receivables40€197k€701k▲
Other amounts receivable41€1.27M€1.44M▲
Current investments50/53€13k€13k=
Other investments51/53€13k€13k=
Cash at bank and in hand54/58€15.69M€14.43M▼
Deferred charges and accrued income490/1€39k€183k▲
Equity and liabilities
Total equity and liabilities10/49€101.63M€108.53M▲
Equity10/15€58.48M€59.26M▲
Contributions10/11€599k€599k▲
Reserves13€30.41M€30.74M▲
Non-distributable reserves130/1€22.22M€22.26M▲
Own shares acquired1312€0-
Other1319€22.22M€22.26M▲
Tax-exempt reserves132€105k€105k=
Distributable reserves133€8.09M€8.37M▲
Investment grants15€27.47M€27.92M▲
Provisions and deferred taxes16€2.84M€2.93M▲
Provisions for liabilities and charges160/5€1.40M€1.46M▲
Major repairs and maintenance162€1.40M€1.46M▲
Deferred taxes168€1.45M€1.47M▲
Amounts payable17/49€40.31M€46.33M▲
Amounts payable after more than one year17€36.96M€39.76M▲
Financial debts170/4€36.89M€39.68M▲
Credit institutions173€36.89M€39.68M▲
Other amounts payable178/9€71k€72k▲
Amounts payable within one year42/48€3.34M€6.50M▲
Current portion of amounts payable after more than one year42€1.46M€1.60M▲
Trade debts44€855k€3.62M▲
Suppliers440/4€855k€3.62M▲
Taxes, remuneration and social security45€766k€887k▲
Taxes450/3€78k€166k▲
Remuneration and social security454/9€688k€721k▲
Other amounts payable47/48€258k€394k▲
Accrued charges and deferred income492/3€11k€70k▲
Income statement
Code20242025
Operating income70/76A€12.67M€14.18M▲
Turnover70€11.60M€12.67M▲
Own construction capitalised72€552k€720k▲
Other operating income74€521k€785k▲
Operating charges60/66A€13.71M€15.09M▲
Goods for resale, raw materials and consumables60€352k€301k▼
Purchases600/8€336k€286k▼
Change in stocks: decrease (increase)609€16k€15k▼
Services and other goods61€2.08M€2.37M▲
Remuneration, social security and pensions62€5.99M€6.34M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4.27M€4.76M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-9k€17k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-120k€65k▲
Other operating charges640/8€1.16M€1.24M▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€-1.04M€-910k▲
Financial income75/76B€1.58M€1.51M▼
Recurring financial income75€1.58M€1.51M▼
Income from financial fixed assets750€219-
Income from current assets751€422k€263k▼
Other financial income752/9€1.15M€1.24M▲
Financial charges65/66B€435k€321k▼
Recurring financial charges65€435k€321k▼
Debt charges650€435k€321k▼
Profit (loss) for the period before taxes9903€99k€274k▲
Transfer from deferred taxes780€60k€65k▲
Income taxes67/77€14k€11k▼
Taxes670/3€70k€68k▼
Tax adjustments and reversals of tax provisions77€56k€57k▲
Profit (loss) for the period9904€146k€329k▲
Profit (loss) for the period to be appropriated9905€146k€329k▲
Appropriation of the result
Profit (loss) to be appropriated9906€146k€329k▲
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€146k€329k▲
To other reserves6921€146k€329k▲
Social balance
Average headcount (FTE)908791.089.4▼
The notes to these accounts (63 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Weakest financial yearnet €146k ▼49.5%
Net result drops to €146k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Highest result since 2018net €3.16M ▲120%
Operating result €2.48M, net result €3.16M, both a record.
31-12
Financial
Equity above €50MEq €51.11M ▲11.2%
3 profitable years in a row build equity to €51.11M.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
54 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, Watermaal-Bosvoorde · 1 establishment unit since 1968
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Georges Benoidtlaan 221170 Watermaal-BosvoordeGround area
253 m²
Building footprint
253 m²
Volume, LiDAR
2,493 m³
Parcel 21652E0086/00T003, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Georges Benoidtlaan 22, 1170 Watermaal-Bosvoorde
since 19682.227.985.278
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0086/00T003 | Brussels | 253 m² | 1 · 253 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 206 companies in sector 68202 we hold annual accounts for 190. 125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
68202Real estate activities
70202
43350Other building finishing work
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 53 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:lelogis@sisp.irisnet.be
Phone:02.672.33.59