Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Logo Engineering from Merelbeke-Melle, company number BE0674845331, closed financial year 2025 with a result of € 40,648 after tax. For that financial year Logo Engineering recorded a gross margin of € 140,650 and equity of € 214,630. Compared with financial year 2024, the result moved from € 55,266 to € 40,648. 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 27, 2026.
€ 214,630
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 40,648
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 20,961
▲ 127% 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 € 158,430.
People and assets in 2025
€ 2,691
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 952,297
▼ 7% vs 2024
€ 80,711 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 4,138
▼ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 807
▼ 84% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 128,349 | € 159,701 | € 162,998 | € 140,650 | ▼ 14% |
| Profit after taxes | € 43,821 | € 42,067 | € 55,266 | € 40,648 | ▼ 26% |
| Equity | € 76,649 | € 118,717 | € 173,983 | € 214,630 | ▲ 23% |
| Total debts | € 1,196,086 | € 1,159,469 | € 1,085,085 | € 995,584 | ▼ 8% |
| Cash | € 27,181 | € 47,611 | € 9,250 | € 20,961 | ▲ 127% |
| Land & buildings | € 1,172,866 | € 1,142,690 | € 1,149,323 | € 1,100,492 | ▼ 4% |
| Retained profit | € 20,449 | € 62,517 | € 117,783 | € 158,430 | ▲ 35% |
| Bank debt | € 1,132,204 | € 1,109,043 | € 1,025,509 | € 952,297 | ▼ 7% |
| Balance sheet total | € 1,272,735 | € 1,278,186 | € 1,259,067 | € 1,210,214 | ▼ 4% |
Key figures of Logo Engineering, 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 Logo Engineering?
What happened at Logo Engineering in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 40,648 (▼ 26% vs 2024). Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
- Marianne Govaert became a director. NBB
- Glenn Lowie became a director. NBB
In short
From € 43,821 profit in 2022 to € 40,648 profit in 2025.
Paid € 68,386 in corporate taxes since 2022.
Best year ever: 2024, with € 55,266 profit.
A new publication or filing at Logo Engineering? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Logo Engineering are Marianne Govaert and Glenn Lowie. Glenn Lowie is also behind NOVOTEC.
Directors
According to the 2025 annual accounts
Marianne Govaert
Director
since 2017
since 2017
Establishments
Establishment units
Physical locations of this company
Ambachtsweg 9
9820 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0674.845.331
- VAT number
- BE 0674.845.331
- Registered office
- Ambachtsweg 9, 9820 Merelbeke-Melle
- Names & denominations
- Logo Engineering
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 2017
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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