LogoStar
ActiveSummary
LogoStar has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €32k. Equity is growing by ~51.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 29.56 against 8.07 in 2024; short-term debt: 3.4% and cash: 2.3% of total assets), and 3.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
96.6%
Return on assets
14.8%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
8 d early
2022
31 d late
2021
23 d late
2020
23 d late
2019
137 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€210k▲ 18.0%
2024 · €178k
2018: €4k
2019: €214▼ -95.0% vs 2018lowest in 8 years
2020: €36k▲ +16504% vs 2019
2021: €59k▲ +66.9% vs 2020
2022: €82k▲ +39.1% vs 2021
2023: €119k▲ +43.8% vs 2022
2024: €178k▲ +50.0% vs 2023
2025: €210k▲ +18.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€217k▲ 10.2%
2024 · €197k
2018: €12k
2019: €9k▼ -22.9% vs 2018lowest in 8 years
2020: €57k▲ +505% vs 2019
2021: €65k▲ +15.1% vs 2020
2022: €86k▲ +32.1% vs 2021
2023: €125k▲ +45.2% vs 2022
2024: €197k▲ +57.3% vs 2023
2025: €217k▲ +10.2% vs 2024highest in 8 years
2018 → 2025
Net result
€32k▼ 45.9%
2024 · €59k
2018: €-4klowest in 8 years
2019: €-4k▲ +5.3% vs 2018
2020: €35k▲ +972% vs 2019
2021: €24k▼ -32.7% vs 2020
2022: €23k▼ -2.5% vs 2021
2023: €36k▲ +55.9% vs 2022
2024: €59k▲ +64.0% vs 2023highest in 8 years
2025: €32k▼ -45.9% vs 2024
2018 → 2025
Working capital
€210k▲ 53.2%
2024 · €137k
2018: €2k
2019: €214▼ -91.2% vs 2018lowest in 8 years
2020: €24k▲ +11128% vs 2019
2021: €41k▲ +72.0% vs 2020
2022: €57k▲ +38.9% vs 2021
2023: €103k▲ +79.1% vs 2022
2024: €137k▲ +33.1% vs 2023
2025: €210k▲ +53.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€82k▲ 39.1%€119k▲ 43.8%€178k▲ 50.0%€210k▲ 18.0%
2021: €59klowest in 5 years
2022: €82k▲ +39.1% vs 2021
2023: €119k▲ +43.8% vs 2022
2024: €178k▲ +50.0% vs 2023
2025: €210k▲ +18.0% vs 2024highest in 5 years
Operating result€33k-€31k▼ 6.5%€48k▲ 57.8%€88k▲ 81.8%€44k▼ 50.4%
2021: €33k
2022: €31k▼ -6.5% vs 2021lowest in 5 years
2023: €48k▲ +57.8% vs 2022
2024: €88k▲ +81.8% vs 2023highest in 5 years
2025: €44k▼ -50.4% vs 2024
Net result€24k-€23k▼ 2.5%€36k▲ 55.9%€59k▲ 64.0%€32k▼ 45.9%
2021: €24k
2022: €23k▼ -2.5% vs 2021lowest in 5 years
2023: €36k▲ +55.9% vs 2022
2024: €59k▲ +64.0% vs 2023highest in 5 years
2025: €32k▼ -45.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217k
Fixed assets
€272 ▼ 99.3%
Current assets
€217k ▲ 38.9%
Equity and liabilities €217k
Equity
€210k ▲ 18.0%
Debt
€7k ▼ 62.1%
Debt's share of the balance-sheet total falls from 9.8% to 3.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▼
2024 · €102k
Cash flow
€32k▼
2024 · €73k
Current ratio
29.56▲
2024 · 8.07
Debt to equity
0.03▼
2024 · 0.11
ROE
15.3%▼
2024 · 33.3%
ROA
14.8%▼
2024 · 30.0%
Interest coverage
289.55▼
2024 · 587.84
Debt ≤ 1 year
€7k▼
2024 · €19k
Income taxes
€12k▼
2024 · €29k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€197k€217k▲
Fixed assets21/28€41k€272▼
Tangible fixed assets22/27€41k€272▼
Plant, machinery and equipment23€1k-
Furniture and vehicles24€40k€272▼
Current assets29/58€156k€217k▲
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€74k€212k▲
Trade receivables40€73k€40k▼
Other amounts receivable41€415€172k▲
Cash at bank and in hand54/58€79k€5k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€197k€217k▲
Equity10/15€178k€210k▲
Contributions10/11€19k€19k=
Reserves13€60k€60k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€59k€59k=
Profit (loss) carried forward14€99k€131k▲
Amounts payable17/49€19k€7k▼
Amounts payable within one year42/48€19k€7k▼
Trade debts44€4k€540▼
Suppliers440/4€4k€540▼
Taxes, remuneration and social security45€16k€7k▼
Taxes450/3€16k€7k▼
Other amounts payable47/48€232€214▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€29▼
Other operating charges640/8€765€2k▲
Non-recurring operating charges66A-€8k
Gross operating margin9900€102k€54k▼
Operating profit (loss)9901€88k€44k▼
Financial income75/76B€529€118▼
Recurring financial income75€529€118▼
Financial charges65/66B€173€151▼
Recurring financial charges65€173€151▼
Profit (loss) for the period before taxes9903€88k€44k▼
Income taxes67/77€29k€12k▼
Profit (loss) for the period9904€59k€32k▼
Profit (loss) for the period to be appropriated9905€59k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€158k€131k▼
Profit (loss) brought forward from the previous period14P€99k€99k=
Transfer to equity691/2€59k-
To other reserves6921€59k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €4k | €9k | €14k | €29 | ▼ 99.8% |
| Other operating charges640/8 | €1k | €730 | €1k | €765 | €2k | ▲ 171% |
| Non-recurring operating charges66A | - | - | - | - | €8k | - |
| Gross operating margin9900 | €43k | €35k | €59k | €102k | €54k | ▼ 47.4% |
| Operating profit (loss)9901 | €33k | €31k | €48k | €88k | €44k | ▼ 50.4% |
| Financial income75/76B | - | €1k | €109 | €529 | €118 | ▼ 77.7% |
| Recurring financial income75 | - | €1k | €109 | €529 | €118 | ▼ 77.7% |
| Non-recurring financial income76B | - | €1k | - | - | - | - |
| Financial charges65/66B | €31 | €120 | €120 | €173 | €151 | ▼ 12.8% |
| Recurring financial charges65 | €31 | €120 | €120 | €173 | €151 | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | €33k | €32k | €48k | €88k | €44k | ▼ 50.6% |
| Income taxes67/77 | €9k | €8k | €12k | €29k | €12k | ▼ 60.3% |
| Profit (loss) for the period9904 | €24k | €23k | €36k | €59k | €32k | ▼ 45.9% |
| Profit (loss) for the period to be appropriated9905 | €24k | €23k | €36k | €59k | €32k | ▼ 45.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65k | €86k | €125k | €197k | €217k | ▲ 10.2% |
| Fixed assets21/28 | €18k | €25k | €16k | €41k | €272 | ▼ 99.3% |
| Tangible fixed assets22/27 | €18k | €25k | €16k | €41k | €272 | ▼ 99.3% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | - | - |
| Furniture and vehicles24 | €18k | €23k | €14k | €40k | €272 | ▼ 99.3% |
| Current assets29/58 | €47k | €61k | €110k | €156k | €217k | ▲ 38.9% |
| Stocks and contracts in progress3 | €3k | €5k | €2k | €2k | - | - |
| Stocks30/36 | €3k | €5k | €2k | €2k | - | - |
| Amounts receivable within one year40/41 | €11k | €19k | €41k | €74k | €212k | ▲ 187% |
| Trade receivables40 | €11k | €17k | €39k | €73k | €40k | ▼ 45.0% |
| Other amounts receivable41 | - | €2k | €2k | €415 | €172k | ▲ 41,225% |
| Cash at bank and in hand54/58 | €32k | €36k | €66k | €79k | €5k | ▼ 93.6% |
| Deferred charges and accrued income490/1 | €484 | €946 | €1k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65k | €86k | €125k | €197k | €217k | ▲ 10.2% |
| Equity10/15 | €59k | €82k | €119k | €178k | €210k | ▲ 18.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Reserves13 | €1k | €1k | €1k | €60k | €60k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Legal reserve130 | €1k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | - | - | €59k | €59k | = |
| Profit (loss) carried forward14 | €40k | €63k | €99k | €99k | €131k | ▲ 32.4% |
| Amounts payable17/49 | €6k | €4k | €7k | €19k | €7k | ▼ 62.1% |
| Amounts payable within one year42/48 | €6k | €4k | €7k | €19k | €7k | ▼ 62.1% |
| Trade debts44 | €242 | €722 | €889 | €4k | €540 | ▼ 84.7% |
| Suppliers440/4 | €242 | €722 | €889 | €4k | €540 | ▼ 84.7% |
| Taxes, remuneration and social security45 | €5k | €3k | €6k | €16k | €7k | ▼ 57.7% |
| Taxes450/3 | €5k | €3k | €6k | €16k | €7k | ▼ 57.7% |
| Other amounts payable47/48 | €259 | - | - | €232 | €214 | ▼ 7.9% |
| Accrued charges and deferred income492/3 | €25 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €23k | €36k | €59k | €32k | ▼ 45.9% |
| + Depreciation and write-downs630 | €8k | €4k | €9k | €14k | €29 | ▼ 99.8% |
| Operating cash flow (approximation) | €32k | €27k | €45k | €73k | €32k | ▼ 56.0% |
| Investment in fixed assets (approximation) | - | €-11k | €0 | €-39k | €41k | ▲ 204% |
| Change in cash | - | €4k | €29k | €13k | €-74k | ▼ 663% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 29.56
Current ratio from 8.07 to 29.56; short-term debt falls from €19k to €7k.
31-12
Financial
Equity above €200kEq €210k ▲18%
6 profitable years in a row build equity to €210k.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €59k ▲64%
Operating result €88k, net result €59k, both a record.
31-12
Financial
Equity above €150kEq €178k ▲50%
5 profitable years in a row build equity to €178k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €119k ▲43.8%
4 profitable years in a row build equity to €119k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 15.95
Current ratio from 7.89 to 15.95; short-term debt falls from €6k to €4k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 7.89
Current ratio from 2.15 to 7.89; short-term debt falls from €21k to €6k.
Show earlier events
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €35k
Net result €35k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.15
Current ratio from 1.02 to 2.15.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 87 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Celles (lez-Tournai) · 1 establishment unit since 2011
Ground area
2,327 m²
Building footprint
752 m²
Volume, LiDAR
3,835 m³
2 parcels, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue d'Anseroeul 40, 7760 Celles (lez-Tournai)
since 20112.203.097.949
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57018C0121/00S000 | Wallonia | 1,373 m² | 1 · 598 m² | 6.1 m · 2 fl. |
| 57023B0154/00Y000 | Wallonia | 953 m² | 1 · 155 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 2,121 companies in sector 46500 we hold annual accounts for 1,403. 1,083 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
Founded12-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
43120Site preparation
43240Other construction installation
43332Laying of wooden floor and wall coverings
43341Painting of buildings
46423Wholesale of clothing, excluding workwear and underwear
46425Wholesale trade
46497Wholesale trade
46498Wholesale trade
46499Wholesale of other household goods
81220Other building cleaning and industrial cleaning
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.