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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
LOG'IRIS from Etterbeek, company number BE0403357375, closed financial year 2023 with a result of € 7,067 after tax. For that financial year LOG'IRIS recorded revenue of € 9.9 million and equity of € 39.4 million. Compared with financial year 2022, the result moved from € 116,681 to € 7,067. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 4, 2024.
€ 39.4 million
▲ 17% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,067
▼ 94% vs 2022
Profit after tax over the fiscal year.
€ 6 million
▼ 32% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 11.4 million.
People and assets in 2023
68.9
▲ 3.6 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 4.2 million
▲ 19% vs 2022
€ 60,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 44,813
▼ 26% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 56.3 million
▲ 21% vs 2022
€ 2.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 24 years.
€ 1.1 million
▼ 13% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 80 days on average.
€ 307,231
▼ 6% vs 2022
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 8,690,944 | € 8,978,871 | € 9,870,309 | ▲ 10% |
| Profit after taxes | € 39,879 | € 116,681 | € 7,067 | ▼ 94% |
| Equity | € 29,327,422 | € 33,686,830 | € 39,356,016 | ▲ 17% |
| Total debts | € 49,844,480 | € 49,366,396 | € 59,245,576 | ▲ 20% |
| Cash | € 9,854,017 | € 8,784,656 | € 6,000,946 | ▼ 32% |
| Land & buildings | € 64,402,958 | € 61,357,349 | € 58,145,310 | ▼ 5% |
| Retained profit | € 11,284,330 | € 11,401,011 | € 11,408,078 | |
| Bank debt | € 46,845,509 | € 46,583,732 | € 56,345,205 | ▲ 21% |
| Balance sheet total | € 82,987,629 | € 86,272,591 | € 100,742,947 | ▲ 17% |
| Employees (FTE) | 67 | 65.3 | 68.9 | ▲ 3.6 |
Key figures of LOG'IRIS, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to LOG'IRIS?
What happened at LOG'IRIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: profit of € 7,067 (▼ 94% vs 2022). filed late Source: NBB ↗
- Véronique CANTERS became a director. NBB
- Yasin TATOU became a director. NBB
- Bernard de MARCKEN de MERKEN stepped down as director. NBB
- Nicolas COPPENS became a director. NBB
- Ossamah MAGHFOUR became a director. NBB
- Christophe PIERROUX became a director. NBB
- Zohra MERZGUIOUI became a director. NBB
In short
From € 39,879 profit in 2021 to € 7,067 profit in 2023.
Best year ever: 2022, with € 116,681 profit.
Pays suppliers within 80 days on average.
Management
Behind LOG'IRIS are Jean-Luc DEBROUX, Christophe PIERROUX, Véronique CANTERS, Zohra MERZGUIOUI, Nicolas COPPENS and Ahmed M'RABET. Jean-Luc DEBROUX is also behind AGENCE IMMOBILIERE SOCIALE D'ETTERBEEK.
Directors
According to the 2023 annual accounts
since 2017
Christophe PIERROUX
Director
since 2019
Véronique CANTERS
Vice-chairman of the board
since 2023
Zohra MERZGUIOUI
Director
since 2019
Nicolas COPPENS
Director
since 2022
since 2019
Jean-Pierre CORNELISSEN
Director
since 2019
Ornella PRIFTI
Director
since 2019
Khalil AOUASTI
Managing director
since 2019
Françoise VAN MALLEGHEM
Director
since 2019
Mourad KOURDOUSSI
Director
since 2019
Ossamah MAGHFOUR
Director
since 2022
since 2023
Arnaud VAN PRAET
Chairman of the board, Vice-chairman of the board
since 2016
Marie-Joëlle VASSEUR
Director
since 2018
Bernard de MARCKEN de MERKEN
Chairman of the board
since 2017 · until 2023
Establishments
Establishment units
Physical locations of this company
Hippolyte Rolinpromenade 1
1040 Etterbeek
Schmitzstraat 7
1081 Koekelberg
Active since 12 April 1921
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.357.375
- VAT number
- BE 0403.357.375
- Registered office
- Hippolyte Rolinpromenade 1, 1040 Etterbeek
- Names & denominations
- LOG'IRIS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van sociale woningen
Verhuur van sociale woningen
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