LOGIFRU · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of LOGIFRU is 0.9% (low). The 2024 annual accounts show equity of €641k and a net result of €20k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 104 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	17-06-2025	44 d early	2025-00150835
31-12-2023	31-07-2024	10-06-2024	51 d early	2024-00125504
31-12-2022	31-07-2023	22-06-2023	39 d early	2023-00157886
31-12-2021	31-07-2022	30-06-2022	31 d early	2022-20127012
31-12-2020	31-07-2021	19-07-2021	12 d early	2021-38100185
31-12-2019	31-07-2020	12-08-2020	12 d late	2020-40400189
31-12-2018	31-07-2019	29-07-2019	2 d early	2019-38900313
31-12-2017	31-07-2018	03-07-2018	28 d early	2018-26500470
31-12-2016	31-07-2017	04-05-2017	88 d early	2017-10800125
31-12-2015	31-07-2016	01-08-2016	1 d late	2016-39100402

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2012, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.9% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€20k-83.6%

Working capital€209k-38.0%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~18.5%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 52 · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	46.9%	26.9%	better than 73% of 104 sector peers
Net result	€20k	€33k	better than 44% of 104 sector peers
Equity	€641k	€418k	better than 56% of 104 sector peers
Gross operating margin	€117k	€226k	better than 45% of 56 sector peers
Employees (FTE)	0.0	16.5	better than 5% of 65 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P73

Improving position over 2020-2024 · n=54-104

Net result P44

Stable position over 2020-2024 · n=54-104

Equity P56

Stable position over 2020-2024 · n=54-104

Gross operating margin P45

Stable position over 2021-2024 · n=34-56

Describes the position versus peers, not a forecast.

EBITDA

€112k

-61.8% 18-24

Net profit

€20k

-83.6% 18-24

Cash flow

€101k

-60.0% 18-24

Total assets

€1.37M

-8.1% 18-24

Equity

€641k

+2.9% 18-24

Working capital

€209k

-38.0% 18-24

Employees (FTE)

0

- 18-24

Staff costs

€0

- 18-24

Show 11 other metrics

Income taxes

€3k

-92.8% 18-24

Debt

€725k

-16.1% 18-24

Debt ≤ 1y

€306k

-8.2% 18-24

Debt > 1y

€419k

-21.0% 18-24

Current ratio

1.68

-16.3% 18-24

Quick ratio

1.68

-16.3% 18-24

Solvency

46.9%

+12.0% 18-24

Debt / equity

1.13

-18.5% 18-24

ROE

3.1%

-84.1% 18-24

ROA

1.5%

-82.2% 18-24

Interest coverage

10.41

-55.5% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€112k
Net profit	€20k
Cash flow	€101k
Staff costs	-
Income taxes	€3k
Dividends	-
Total assets	€1.37M
Equity	€641k
Debt	€725k
of which ≤ 1y	€306k
of which > 1y	€419k
Working capital	€209k
Employees (FTE)	0.0

Ratios (computed)

	2024
Current ratio	1.68
Quick ratio	1.68
Working capital ratio	15.3%
Solvency	46.9%
Debt / equity	1.13
Long-term debt ratio	0.65
Interest coverage	10.41
Gross margin	-
Net margin	-
ROA	1.5%
ROE	3.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €851k · 62.3% Current assets €515k · 37.7%

Equity & liabilities

Equity €641k · 46.9% Debt €725k · 53.1%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.37M
Fixed assets	21/28	€851k
Tangible fixed assets	22/27	€851k
Financial fixed assets	28	€372
Current assets	29/58	€515k
Amounts receivable within one year	40/41	€239k
Cash & bank	54/58	€276k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.37M
Equity	10/15	€641k
Contributions / capital	10/11	€7k
Reserves	13	€601k
Amounts payable	17/49	€725k
Amounts payable after one year	17	€419k
Amounts payable within one year	42/48	€306k
Trade debts payable within one year	44	€175k
Income statement
Gross operating margin	9900	€117k
Operating result	9901	€32k
Financial income	75	€2k
Financial charges	65	€11k
Result before taxes	9903	€23k
Income taxes	67/77	€3k
Net result for the period	9904	€20k
Result to be appropriated	9905	€20k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

79 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director

3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

MORDANT Jean-Denis
Director (executive)
State Gazette act 22340274 (23-06-2022)

Current
17-06-2022 → present
2 events
- 17-06-2022 Resigned· Director (executive)
- 17-06-2022 Appointed· Director (executive)

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Opslag(52100)
Legal form	Private limited company(610)
Incorporation	07-05-2012
Status	Active
Postal code	4630

Structure & network

Locations & real estate

Registered office

on the map · from the address register

approximate (street level) On OpenStreetMap

Establishment units

1 location

Rue Frumhy(EVE) 1, 4630 Soumagne

Goederenvervoer over de weg

since 20142.230.619.225

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area437 m²

Buildings1

Building footprint43 m²

Volume (LiDAR)80 m³

Tallest building2.8 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)