Warning lights
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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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Passive Logic from Mont-Saint-Guibert, company number BE0461706439, closed financial year 2025 with a result of € 25,537 after tax. For that financial year Passive Logic recorded a gross margin of € 78,946 and equity of € 186,757. Compared with financial year 2024, the result moved from € 31,434 to € 25,537. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 186,757
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,537
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 10,052
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 180,557.
People and assets in 2025
€ 50,032
▲ 140% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 332,246
▼ 6% vs 2024
€ 24,616 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 2,239
▲ 156% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,762
▲ 31% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 20,374 | € 57,256 | € 79,486 | € 78,946 | ▼ 1% |
| Profit after taxes | € -18,432 | € 17,703 | € 31,434 | € 25,537 | ▼ 19% |
| Equity | € 112,083 | € 129,785 | € 161,220 | € 186,757 | ▲ 16% |
| Total debts | € 408,164 | € 416,489 | € 371,715 | € 364,383 | ▼ 2% |
| Cash | € 6,668 | € 2,968 | € 9,132 | € 10,052 | ▲ 10% |
| Land & buildings | € 512,338 | € 497,180 | € 488,158 | € 472,695 | ▼ 3% |
| Retained profit | € 105,883 | € 123,585 | € 155,020 | € 180,557 | ▲ 16% |
| Bank debt | € 393,677 | € 374,243 | € 352,031 | € 332,246 | ▼ 6% |
| Balance sheet total | € 520,247 | € 546,275 | € 532,935 | € 551,140 | ▲ 3% |
Key figures of Passive Logic, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Passive Logic?
What happened at Passive Logic in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 25,537 (▼ 19% vs 2024). Source: NBB ↗
- Raphaël Coulonvaux became a director. NBB
- New establishment in Mont-Saint-Guibert. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,432 loss in 2022 to € 25,537 profit in 2025.
Paid € 11,540 in corporate taxes since 2022.
Best year ever: 2024, with € 31,434 profit.
Management
Behind Passive Logic is Raphaël Coulonvaux. Raphaël Coulonvaux is also behind PASSIVE CONSTRUCT.
Directors
According to the 2025 annual accounts
since 2008
Establishments
Establishment units
Physical locations of this company
Rue de la Houssière 16
1435 Mont-Saint-Guibert
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.706.439
- VAT number
- BE 0461.706.439
- Registered office
- Rue de la Houssière 16, 1435 Mont-Saint-Guibert
- Names & denominations
- Passive Logic
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 1997
- Peppol
- Active · Active since 7 Dec 2025
- Contact
- [email protected] 0475700536
- Activities · NACE
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