LOGAR
ActiveSummary
LOGAR has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €587k and a net result of €63k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+27
Solvency100▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 7.15 against 7.0 in 2023; short-term debt: 14% and cash: 0.4% of total assets), and 14% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
86%
Return on assets
9.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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
55 d late
2023
420 d late
2022
786 d late
2021
77 d late
2020
31 d late
2019
102 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€587k▲ 12.0%
2023 · €524k
2018: €254k
2019: €290k
2020: €380k
2021: €451k
2022: €490k
2023: €524k
2018 → 2024
Total assets
€682k▼ 12.7%
2023 · €781k
2018: €637k
2019: €649k
2020: €728k
2021: €770k
2022: €696k
2023: €781k
2018 → 2024
Net result
€63k▲ 85.0%
2023 · €34k
2018: €58k
2019: €36k
2020: €90k
2021: €71k
2022: €39k
2023: €34k
2018 → 2024
Working capital
€587k▼ 12.3%
2023 · €669k
2018: €252k
2019: €266k
2020: €285k
2021: €324k
2022: €626k
2023: €669k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€380k-€451k▲ 18.7%€490k▲ 8.7%€524k▲ 6.9%€587k▲ 12.0%
Operating result€110k-€101k▼ 8.5%€93k▼ 7.3%€45k▼ 51.6%€98k▲ 118%
Net result€90k-€71k▼ 21.1%€39k▼ 45.1%€34k▼ 13.2%€63k▲ 85.0%
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 118% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €682k
Fixed assets
€19 ▼ 89.5%
Current assets
€682k ▼ 12.6%
Equity and liabilities €682k
Equity
€587k ▲ 12.0%
Debt
€95k ▼ 62.9%
Debt's share of the balance-sheet total falls from 32.9% to 14.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€99k▲
2023 · €45k
Cash flow
€63k▲
2023 · €34k
Current ratio
7.15▲
2023 · 7.00
Debt to equity
0.16▼
2023 · 0.49
ROE
10.7%▲
2023 · 6.5%
ROA
9.2%▲
2023 · 4.3%
Interest coverage
7.50▲
2023 · 3.45
Debt ≤ 1 year
€95k▼
2023 · €112k
Debt > 1 year
€0▼
2023 · €145k
Income taxes
€39k▲
2023 · €15k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€781k€682k▼
Fixed assets21/28€179€19▼
Tangible fixed assets22/27€179€19▼
Furniture and vehicles24€179€19▼
Current assets29/58€781k€682k▼
Amounts receivable after more than one year29€710k€601k▼
Other amounts receivable291€710k€601k▼
Amounts receivable within one year40/41€70k€79k▲
Trade receivables40-€9k
Other amounts receivable41€70k€70k=
Cash at bank and in hand54/58€918€3k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€781k€682k▼
Equity10/15€524k€587k▲
Contributions10/11€19k€19k=
Reserves13€505k€568k▲
Distributable reserves133€505k€568k▲
Amounts payable17/49€257k€95k▼
Amounts payable after more than one year17€145k€0▼
Other amounts payable178/9€145k€0▼
Amounts payable within one year42/48€112k€95k▼
Current portion of amounts payable after more than one year42€1k€1k▼
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45€101k€88k▼
Taxes450/3€101k€88k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160€160=
Other operating charges640/8€7k€12k▲
Gross operating margin9900€52k€111k▲
Operating profit (loss)9901€45k€98k▲
Financial income75/76B€17k€17k▼
Recurring financial income75€17k€17k▼
Financial charges65/66B€13k€13k▼
Recurring financial charges65€13k€13k▼
Profit (loss) for the period before taxes9903€49k€102k▲
Income taxes67/77€15k€39k▲
Profit (loss) for the period9904€34k€63k▲
Profit (loss) for the period to be appropriated9905€34k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€63k▲
Transfer to equity691/2€34k€63k▲
To other reserves6921€34k€63k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 420 days late
24-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 786 days late
2023
31-12
Financial
Weakest financial yearnet €34k ▼13.2%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €524k ▲6.9%
6 profitable years in a row build equity to €524k.
2022
31-12
Financial
Liquidity quadruplescurrent ratio 10.07
Current ratio from 2.63 to 10.07; short-term debt falls from €199k to €69k.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €90k ▲154%
Operating result €110k, net result €90k, both a record.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 138 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2005
Ground area
3,312 m²
Building footprint
376 m²
Volume, LiDAR
2,017 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LOGAR
since 20052.145.192.018
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31031A0180/00R000 | Flanders | 1,924 m² | 1 · 196 m² | 7.1 m · 2 fl. |
| 31027D0107/00K000 | Flanders | 1,388 m² | 1 · 181 m² | 7.8 m · 2 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.
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H B DRILLING
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NANOWELD
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ONDERNEMINGEN GASTON HOUBEN
BE 0436.487.429
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Of 388 companies in sector 46630 we hold annual accounts for 276. 220 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 formPrivate limited company
Founded25-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.