Summary
LOG'IRIS has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €39.36M and a net result of €7k. Equity is growing by ~6.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023 · tick = 2022
Profitability71▼-5
Solvency64=
Growth50▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d late
2023
65 d late
2022
137 d late
2021
102 d late
2020
138 d late
2019
40 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€9.87M▲ 9.9%
2022 · €8.98M
2018: €8.47M
2019: €8.62M
2020: €8.65M
2021: €8.69M
2022: €8.98M
2018 → 2023
EBIT margin
-3.5%▼ 0.7pp
2022 · -2.9%
2018: 17.0%
2019: 8.7%
2020: -7.4%
2021: -3.6%
2022: -2.9%
2018 → 2023
Net result
€7k▼ 93.9%
2022 · €117k
2018: €1.44M
2019: €991k
2020: €-388k
2021: €40k
2022: €117k
2018 → 2023
Working capital
€5.32M▼ 26.1%
2022 · €7.20M
2018: €8.38M
2019: €8.22M
2020: €7.88M
2021: €7.27M
2022: €7.20M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€8.62M-€8.65M▲ 0.3%€8.69M▲ 0.5%€8.98M▲ 3.3%€9.87M▲ 9.9%
Equity€27.87M-€29.48M▲ 5.8%€29.33M▼ 0.5%€33.69M▲ 14.9%€39.36M▲ 16.8%
Operating result€751k-€-637k€-316k▲ 50.4%€-259k▲ 18.0%€-350k▼ 35.2%
Net result€991k-€-388k€40k€117k▲ 193%€7k▼ 93.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €350k in 2023 against €259k in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €100.74M
Fixed assets
€90.28M ▲ 21.4%
Current assets
€10.46M ▼ 12.3%
Equity and liabilities €100.74M
Equity
€39.36M ▲ 16.8%
Provisions
€2.14M ▼ 33.5%
Debt
€59.25M ▲ 20.0%
Debt's share of the balance-sheet total rises from 57.2% to 58.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.90M▼
2022 · €3.09M
Cash flow
€3.26M▼
2022 · €3.46M
Current ratio
2.04▼
2022 · 2.52
Debt to equity
1.51▲
2022 · 1.47
ROE
0.0%▼
2022 · 0.3%
ROA
0.0%▼
2022 · 0.1%
Interest coverage
4.52▼
2022 · 5.39
Debt ≤ 1 year
€5.14M▲
2022 · €4.73M
Debt > 1 year
€54.10M▲
2022 · €44.61M
Staff costs
€4.15M▲
2022 · €3.50M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 80 lines
Balance sheet
Code20222023
Assets
Total assets20/58€86.27M€100.74M▲
Fixed assets21/28€74.34M€90.28M▲
Tangible fixed assets22/27€74.34M€90.28M▲
Land and buildings22€61.36M€58.15M▼
Plant, machinery and equipment23€1k€741▼
Furniture and vehicles24€61k€45k▼
Assets under construction and advance payments27€12.92M€32.09M▲
Current assets29/58€11.93M€10.46M▼
Amounts receivable within one year40/41€2.95M€4.21M▲
Trade receivables40€235k€424k▲
Other amounts receivable41€2.72M€3.78M▲
Current investments50/53€4k€4k=
Other investments51/53€4k€4k=
Cash at bank and in hand54/58€8.78M€6.00M▼
Deferred charges and accrued income490/1€193k€252k▲
Equity and liabilities
Total equity and liabilities10/49€86.27M€100.74M▲
Equity10/15€33.69M€39.36M▲
Contributions10/11€131k€131k=
Capital10€131k€131k=
Issued capital100€133k€133k=
Uncalled capital101€2k€2k=
Reserves13€11.40M€11.41M▲
Non-distributable reserves130/1€1.91M€1.91M=
Legal reserve130€13k€13k=
Reserves not available under the articles1311€1.90M€1.90M=
Tax-exempt reserves132€124k€124k=
Distributable reserves133€9.36M€9.37M▲
Investment grants15€22.16M€27.82M▲
Provisions and deferred taxes16€3.22M€2.14M▼
Provisions for liabilities and charges160/5€2.48M€1.45M▼
Taxes161€265k€265k=
Major repairs and maintenance162€2.22M€1.18M▼
Deferred taxes168€734k€696k▼
Amounts payable17/49€49.37M€59.25M▲
Amounts payable after more than one year17€44.61M€54.10M▲
Financial debts170/4€44.49M€53.99M▲
Credit institutions173€44.49M€53.99M▲
Other amounts payable178/9€127k€112k▼
Amounts payable within one year42/48€4.73M€5.14M▲
Current portion of amounts payable after more than one year42€2.10M€2.35M▲
Trade debts44€1.28M€1.12M▼
Suppliers440/4€1.28M€1.12M▼
Taxes, remuneration and social security45€326k€307k▼
Taxes450/3€2k-
Remuneration and social security454/9€324k€307k▼
Other amounts payable47/48€1.03M€1.36M▲
Accrued charges and deferred income492/3€20k-
Income statement
Code20222023
Operating income70/76A€11.39M€12.33M▲
Turnover70€8.98M€9.87M▲
Other operating income74€2.38M€2.26M▼
Non-recurring operating income76A€36k€195k▲
Operating charges60/66A€11.65M€12.68M▲
Goods for resale, raw materials and consumables60€484k€491k▲
Purchases600/8€484k€491k▲
Services and other goods61€3.75M€4.63M▲
Remuneration, social security and pensions62€3.50M€4.15M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.35M€3.25M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€13k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-558k€-1.04M▼
Other operating charges640/8€1.10M€1.14M▲
Non-recurring operating charges66A€6k€38k▲
Operating profit (loss)9901€-259k€-350k▼
Financial income75/76B€914k€964k▲
Recurring financial income75€914k€964k▲
Income from current assets751€186k€233k▲
Other financial income752/9€728k€731k▲
Financial charges65/66B€577k€645k▲
Recurring financial charges65€577k€645k▲
Debt charges650€573k€641k▲
Other financial charges652/9€4k€4k▼
Profit (loss) for the period before taxes9903€78k€-32k▼
Transfer from deferred taxes780€39k€39k=
Profit (loss) for the period9904€117k€7k▼
Profit (loss) for the period to be appropriated9905€117k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€117k€7k▼
Transfer from equity791/2-€98k
From reserves792-€98k
Transfer to equity691/2€117k€105k▼
To other reserves6921€117k€105k▼
Social balance
Average headcount (FTE)908765.368.9▲
The notes to these accounts (56 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 50 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 137 days late
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 102 days late
2021
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 138 days late
2020
31-12
Financial
Weakest financial yearnet €-388k ▼139%
Net result drops to €-388k, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
40 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, Etterbeek · 2 establishment units since 1921
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.
Hippolyte Rolinpromenade 11040 EtterbeekGround area
4,623 m²
Building footprint
1,967 m²
Volume, LiDAR
36,869 m³
2 parcels, Brussels · tallest building 26.6 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Schmitzstraat 7, 1081 Koekelberg
since 19212.230.963.574
Hippolyte Rolinpromenade 1, 1040 Etterbeek
since 20032.227.950.933
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0354/00P010 | Brussels | 2,372 m² | 1 · 1,163 m² | 21.9 m · 5 fl. |
| 21492B0231/00T000 | Brussels | 2,251 m² | 1 · 804 m² | 26.6 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SADENSO
BE 0821.621.276
Gent · Eq €39.38M
EURVEST
BE 0458.300.056
Nivelles · Eq €39.33M
POWERGRAPH
BE 0454.469.744
Sint-Martens-Latem · Eq €39.27M
MITISKA REAL ESTATE INVESTMENT MANAGEMENT
BE 0449.790.681
Dilbeek · Eq €39.20M
PMF
BE 0480.657.962
Opwijk · Eq €39.55M
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 2,384 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
68202Real estate activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@logiris.brussels