Le Logis Social de Liège
ActiveLe Logis Social de Liège has been active since 1921 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98.91M and a net result of €1.90M. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+3
Solvency85▲+2
Growth67▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.45M at 30 days acceptable
Liquidity ample (current ratio 5.09 against 5.63 in 2024; short-term debt: 6.4% and cash: 8.7% of total assets), and 40% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
60%
Return on assets
1.2%
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
20 d early
2023
23 d early
2022
20 d early
2021
27 d early
2020
24 d early
2019
14 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
€14.52M▲ 10.0%
2024 · €13.20M
2018: €10.89M
2019: €11.36M
2020: €11.84M
2021: €12.19M
2022: €12.53M
2023: €12.70M
2024: €13.20M
2018 → 2025
EBIT margin
3.3%=
2024 · 3.3%
2018: -3.2%
2019: 9.0%
2020: 8.1%
2021: 12.1%
2022: 2.6%
2023: 3.6%
2024: 3.3%
2018 → 2025
Net result
€1.90M▲ 25.5%
2024 · €1.52M
2018: €568k
2019: €1.71M
2020: €1.58M
2021: €2.35M
2022: €1.31M
2023: €1.51M
2024: €1.52M
2018 → 2025
Working capital
€42.97M▼ 18.6%
2024 · €52.80M
2018: €47.39M
2019: €39.22M
2020: €39.52M
2021: €71.33M
2022: €66.56M
2023: €62.90M
2024: €52.80M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.19M-€12.53M▲ 2.8%€12.70M▲ 1.4%€13.20M▲ 3.9%€14.52M▲ 10.0%
Equity€97.17M-€96.47M▼ 0.7%€97.42M▲ 1.0%€100.11M▲ 2.8%€98.91M▼ 1.2%
Operating result€1.47M-€330k▼ 77.5%€462k▲ 39.9%€433k▼ 6.2%€477k▲ 10.1%
Net result€2.35M-€1.31M▼ 44.1%€1.51M▲ 14.6%€1.52M▲ 0.6%€1.90M▲ 25.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164.99M
Fixed assets
€111.49M▲ 4.2%
Current assets
€53.49M▼ 16.7%
Equity and liabilities €164.99M
Equity
€98.91M▼ 1.2%
Provisions
€4.94M▼ 3.4%
Debt
€61.13M▼ 7.4%
The debt ratio falls from 38.6% to 37.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5.02M▲
2024 · €4.51M
Cash flow
€6.45M▲
2024 · €5.59M
Solvency
60.0%▲
2024 · 58.5%
Current ratio
5.09▼
2024 · 5.63
Quick ratio
5.04▼
2024 · 5.59
Debt / equity
0.62▼
2024 · 0.66
ROE
1.9%▲
2024 · 1.5%
ROA
1.2%▲
2024 · 0.9%
Interest coverage
2.75▲
2024 · 2.24
Debt
€61.13M▼
2024 · €66.02M
Debt ≤ 1 year
€10.52M▼
2024 · €11.40M
Debt > 1 year
€50.42M▼
2024 · €54.42M
Income taxes
€118k▲
2024 · €85k
Staff costs
€5.07M▲
2024 · €4.86M
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€171.25M€164.99M▼
Fixed assets21/28€107.04M€111.49M▲
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€107.04M€111.49M▲
Land and buildings22€91.56M€98.29M▲
Plant, machinery and equipment23€24k€16k▼
Furniture and vehicles24€232k€318k▲
Leasing and similar rights25€256k€202k▼
Other tangible fixed assets26€679k€633k▼
Assets under construction and advance payments27€14.28M€12.03M▼
Financial fixed assets28€3k€6k▲
Companies linked by participating interests282/3€3k€6k▲
Participating interests282€3k€6k▲
Other financial fixed assets284/8€500€500=
Shares284€0€0=
Amounts receivable and cash guarantees285/8€500€500=
Current assets29/58€64.20M€53.49M▼
Amounts receivable after more than one year29€19.59M€15.39M▼
Other amounts receivable291€19.59M€15.39M▼
Stocks and contracts in progress3€438k€512k▲
Stocks30/36€438k€512k▲
Raw materials and consumables30/31€438k€512k▲
Amounts receivable within one year40/41€25.61M€22.57M▼
Trade receivables40€258k€558k▲
Other amounts receivable41€25.35M€22.01M▼
Cash at bank and in hand54/58€17.85M€14.36M▼
Deferred charges and accrued income490/1€715k€664k▼
Equity and liabilities
Total equity and liabilities10/49€171.25M€164.99M▼
Equity10/15€100.11M€98.91M▼
Contributions10/11€100k€100k=
Reserves13€10.19M€10.03M▼
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Tax-exempt reserves132€10.18M€10.02M▼
Profit (loss) carried forward14€8.51M€10.57M▲
Investment grants15€81.31M€78.21M▼
Provisions and deferred taxes16€5.11M€4.94M▼
Provisions for liabilities and charges160/5€470k€470k=
Major repairs and maintenance162€470k€470k=
Deferred taxes168€4.64M€4.47M▼
Amounts payable17/49€66.02M€61.13M▼
Amounts payable after more than one year17€54.42M€50.42M▼
Financial debts170/4€54.42M€50.42M▼
Leasing and similar obligations172€64€64=
Credit institutions173€54.42M€50.42M▼
Amounts payable within one year42/48€11.40M€10.52M▼
Current portion of amounts payable after more than one year42€6.77M€7.02M▲
Financial debts43-€618k
Credit institutions430/8-€618k
Trade debts44€2.97M€1.20M▼
Suppliers440/4€2.97M€1.20M▼
Taxes, remuneration and social security45€856k€949k▲
Taxes450/3€100k€169k▲
Remuneration and social security454/9€756k€780k▲
Other amounts payable47/48€802k€734k▼
Accrued charges and deferred income492/3€202k€193k▼
Income statement
Code20242025
Operating income70/76A€16.14M€16.70M▲
Turnover70€13.20M€14.52M▲
Own construction capitalised72€1.24M€923k▼
Other operating income74€1.46M€1.24M▼
Non-recurring operating income76A€243k€14k▼
Operating charges60/66A€15.71M€16.22M▲
Goods for resale, raw materials and consumables60€593k€768k▲
Purchases600/8€638k€841k▲
Change in stocks: decrease (increase)609€-45k€-73k▼
Services and other goods61€3.26M€3.75M▲
Remuneration, social security and pensions62€4.86M€5.07M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4.08M€4.55M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€30k€7k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€100k-
Other operating charges640/8€2.75M€2.03M▼
Non-recurring operating charges66A€33k€41k▲
Operating profit (loss)9901€433k€477k▲
Financial income75/76B€3.08M€3.27M▲
Recurring financial income75€3.08M€3.27M▲
Income from current assets751€79k€60k▼
Other financial income752/9€3.01M€3.20M▲
Financial charges65/66B€2.02M€1.85M▼
Recurring financial charges65€2.02M€1.85M▼
Debt charges650€2.02M€1.83M▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€24k
Other financial charges652/9€3k€2k▼
Profit (loss) for the period before taxes9903€1.50M€1.89M▲
Transfer from deferred taxes780€113k€132k▲
Transfer to deferred taxes680€12k-
Income taxes67/77€85k€118k▲
Taxes670/3€195k€118k▼
Tax adjustments and reversals of tax provisions77€111k€0▼
Profit (loss) for the period9904€1.52M€1.90M▲
Transfer from tax-exempt reserves789€166k€166k=
Transfer to tax-exempt reserves689€222k-
Profit (loss) for the period to be appropriated9905€1.46M€2.07M▲
Appropriation of the result
Profit (loss) to be appropriated9906€8.51M€10.57M▲
Profit (loss) brought forward from the previous period14P€7.05M€8.51M▲
Social balance
Average headcount (FTE)908775.979.5▲
The notes to these accounts (99 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Equity above €100MEq €100.11M ▲2.8%
7 profitable years in a row build equity to €100.11M.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Highest result since 2018net €2.35M ▲49%
Operating result €1.47M, net result €2.35M, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-06-2025
BOURDOUXHE Jean-Marc: Resigned as Director
20-06-2025
Corinne WEGIMONT: Resigned as Director
20-06-2025
Elisabeth FRAIPONT: Resigned as Director
20-06-2025
Fabrice DREZE: Resigned as Director
20-06-2025
Marc YERNA: Resigned as Director
20-02-2025
Danièle FONTAINE: Resigned as Director
20-02-2025
Rose-Marie LISMONDE: Resigned as Director
02-12-2024
Grégory BENVEGNA: Resigned as Director
29-11-2024
Abdelali MERNISSI: Resigned as Director
29-11-2024
Dominique JANS: Resigned as Director
29-11-2024
Jean-Pierre HUPKENS: Resigned as Director
21-07-2024
GILLIS Marc: Resigned as Director
16-06-2023
Laura GOFFART: Resigned as Director
06-03-2023
Christine Defraigne: Resigned as Director
06-11-2019
Gérard GEORGES: Resigned as Director
25-02-2019
ESPOSITO Rosalia: Resigned as Director
27-07-2012
Catherine ROBERT: Resigned as Director
10-10-2011
Véronique WILLEMART: Resigned as Director
Location & real-estate footprint
Registered office, Liège · 1 establishment unit 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.
Rue des Alisiers 124032 LiègeGround area
4,596 m²
Building footprint
2,127 m²
Volume, LiDAR
10,514 m³
Parcel 62023A0014/00W008, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Alisiers 12, 4032 Liège
since 19212.229.657.440
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62023A0014/00W008 | Wallonia | 4,596 m² | 1 · 2,127 m² | 9.2 m · 2 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.
Statutory auditor
1 auditor| SCPRL DELBROUCK, CAMMARATA, GILLES et Associés Statutory auditor | - → 10-10-2011 |
Similar companies · same sector, comparable size
CCN DEVELOPMENT
BE 0727.594.723
Brussel · Eq €92.50M
Forum Estates Holding
BE 0734.663.449
Gent · Eq €106.81M
SOCHALI PARTICIPATIONS
BE 0897.349.077
Tournai · Eq €88.79M
D'IETEREN IMMO
BE 0416.911.938
Elsene · Eq €87.71M
VDB GROUP
BE 0837.763.561
Roeselare · Eq €86.99M
Of 7,322 companies in sector 68110 we hold annual accounts for 5,382. 179 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-1921
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68202Real estate activities
70120
70202
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:officiel.sl-lsdl@logissoc.be
E-mail:stephanie.christiaens@logissoc.be