ACTIVE

EULOGIC

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Financial year 2025 · closed on 31/03/2025

Net result

3,2 k €

-87.4% YoY

Gross margin

350,4 k €

+12.7% YoY

Equity

354,2 k €

-0.2% YoY

Workforce

5,7 ETP

-14.9% YoY

What does EULOGIC do?

EULOGIC is a Private limited company incorporated in 1995. Its registered office is in Welkenraedt. It employs on average 5,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.296.134

Incorporation

12/01/1995

Legal form

Private limited company

Registered office

Rue de l'Usine 2
4840 Welkenraedt · WallonieSee on map

Contributed capital

50 000,00 €

Latest accounts

31/03/2025

Average workforce

5,7 ETP

Joint committees (5)

14901
14904
200
201
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	350,4 k €	+12.7%	310,8 k €	+20.2%	258,6 k €	+4.7%	247 k €	-5.3%	260,8 k €	+9.2%	238,9 k €	+33.5%	179 k €	+54.9%	115,6 k €	+27.6%	90,6 k €	-18.9%	111,6 k €	-12.6%	127,8 k €	-35.7%	198,6 k €	+20.0%	165,5 k €	+9.4%	151,3 k €	+15.1%	131,5 k €	+13.5%	115,8 k €	+30.9%	88,5 k €	+8.1%	81,9 k €	+43.4%	57,1 k €
EBITDA	102 k €	+16.5%	87,6 k €	-3.2%	90,5 k €	-8.9%	99,3 k €	-15.6%	117,7 k €	+69.1%	69,6 k €	-18.3%	85,2 k €	+45.4%	58,6 k €	+14.1%	51,4 k €	+13.1%	45,4 k €	-34.8%	69,7 k €	-11.6%	78,8 k €	+18.0%	66,8 k €	+14.3%	58,4 k €	+79.0%	32,6 k €	+8.6%	30,1 k €	+118%	13,8 k €	-3.7%	14,4 k €	+446%	2,6 k €
Operating result	32 k €	-42.8%	55,9 k €	-6.1%	59,5 k €	-15.2%	70,2 k €	-20.8%	88,6 k €	+117%	40,8 k €	-30.3%	58,5 k €	+114%	27,3 k €	+44.0%	19 k €	-8.8%	20,8 k €	+41.3%	14,7 k €	-76.9%	63,8 k €	+20.0%	53,1 k €	+30.9%	40,6 k €	+194%	13,8 k €	-13.3%	15,9 k €	+532%	2,5 k €	+101%	1,3 k €	+115%	-8,4 k €
Net result	3,2 k €	-87.4%	25,7 k €	-30.5%	37 k €	-6.8%	39,7 k €	-34.0%	60,2 k €	+167%	22,6 k €	-41.1%	38,3 k €	+69.2%	22,6 k €	+143%	9,3 k €	-30.0%	13,3 k €	+59.2%	8,3 k €	-79.0%	39,7 k €	+18.2%	33,6 k €	+31.9%	25,4 k €	+105%	12,4 k €	+140%	5,2 k €	+67.1%	3,1 k €	+543%	481,6 €	+41.7%	339,9 €
Balance sheet
Equity	354,2 k €	-0.2%	354,8 k €	-4.5%	371,5 k €	+10.1%	337,4 k €	+11.3%	303,3 k €	+23.0%	246,6 k €	+4.5%	235,9 k €	+16.7%	202 k €	+63.5%	123,6 k €	+8.1%	114,2 k €	+13.2%	101 k €	+65.0%	61,2 k €	-60.7%	155,5 k €	-4.0%	162 k €	-2.7%	166,5 k €	+8.0%	154,1 k €	+3.5%	149 k €	+2.1%	145,9 k €	+0.3%	145,4 k €
Total assets	959,4 k €	+12.4%	853,4 k €	+24.7%	684,6 k €	+5.8%	646,9 k €	+8.0%	599 k €	-2.4%	613,7 k €	-9.0%	674 k €	-5.7%	715 k €	+11.8%	639,3 k €	-5.3%	675,3 k €	+24.0%	544,4 k €	+117%	250,4 k €	-11.5%	282,8 k €	+12.6%	251,1 k €	-1.9%	255,9 k €	+29.8%	197,2 k €	-1.3%	199,7 k €	+2.0%	195,7 k €	+8.2%	180,9 k €
Cash	148,7 k €	-29.2%	209,8 k €	+39.9%	150 k €	+103%	74 k €	+11.6%	66,3 k €	+31.7%	50,3 k €	-23.4%	65,7 k €	-31.6%	96 k €	+113%	45,2 k €	-58.1%	107,8 k €	+6.1%	101,6 k €	+106%	49,2 k €	-6.0%	52,3 k €	+21.8%	43 k €	-1.6%	43,7 k €	+379%	9,1 k €	-34.2%	13,9 k €	-20.5%	17,4 k €	+38.4%	12,6 k €
Debts	581,9 k €	+20.3%	483,6 k €	+58.9%	304,3 k €	+1.4%	300,1 k €	+4.7%	286,7 k €	-21.9%	367,1 k €	-16.0%	437 k €	-14.8%	513 k €	-0.3%	514,6 k €	-8.3%	560,9 k €	+26.7%	442,7 k €	+134%	189,2 k €	+48.6%	127,3 k €	+42.8%	89,2 k €	-0.3%	89,4 k €	+108%	43 k €	-15.1%	50,7 k €	+1.7%	49,9 k €	+40.4%	35,5 k €
Other
Workforce	5,7 ETP	-14.9%	6,7 ETP	+11.7%	6,0 ETP	0.0%	6,0 ETP		–		–		–		–		–		3,3 ETP	-37.7%	5,3 ETP	0.0%	5,3 ETP	+32.5%	4,0 ETP	+2.6%	3,9 ETP	-2.5%	4,0 ETP	+8.1%	3,7 ETP	+8.8%	3,4 ETP	-5.6%	3,6 ETP	0.0%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 5 ended

Active mandates

Dirk LIESSEM

Director · since 19 juillet 2023

Active

Bernd LIESSEM

Director · since 01 avril 2014

Active

Michael LIESSEM

Director · since 01 avril 2014

Active

Ended mandates

Bernd LIESSEM

Manager · since 01 avril 2014

Ended

Michael LIESSEM

Manager · since 01 avril 2014

Ended

Herbert MULLENDER

Manager · since 29 août 2005

Ended

Josée KAULMANN

Manager · since 29 août 2005

Ended

At this address

Other companies at this address

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FEMOVA● Active	0739.811.080
HLM - INFORMATICS● Active	0432.077.887
HLM IT-Solutions● Active	0704.629.279
JR TERRASSEMENT● Active	0783.816.715
JRWash● Active	0737.661.541
LES CHEMINS DU RAIL EVENEMENTS● Active	0480.610.353
MÜLLENDER GROUP● Active	0745.427.578
REUTER ET FILS● Active	0548.905.479
WOODTWOOD● Active	1038.467.548

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/10/2025	11/10/2024	08/09/2023	01/08/2022	28/09/2021	10/08/2020
General meeting	26/09/2025	26/09/2024	30/08/2023	08/07/2022	18/06/2021	19/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	26/09/2025	14/10/2025	French	PDF
Abridged model	31/03/2024	26/09/2024	11/10/2024	French	PDF
Abridged model	31/03/2023	30/08/2023	08/09/2023	French	PDF
Abridged model	31/03/2022	08/07/2022	01/08/2022	French	PDF
Micro model	31/03/2021	18/06/2021	28/09/2021	French	PDF
Micro model	31/03/2020	19/06/2020	10/08/2020	French	PDF
Micro model	31/03/2019	13/08/2019	15/08/2019	French	PDF
Micro model	31/03/2018	31/07/2018	31/07/2018	French	PDF
Micro model	31/03/2017	16/06/2017	07/09/2017	French	PDF
Abridged model	31/03/2016	17/06/2016	26/08/2016	French	PDF
Abridged model	31/03/2015	19/06/2015	12/08/2015	French	PDF
Abridged model	31/03/2014	20/06/2014	19/08/2014	French	PDF
Abridged model	31/03/2013	21/06/2013	18/09/2013	French	PDF
Abridged model	31/03/2012	15/06/2012	26/10/2012	French	PDF
Abridged model	31/03/2011	17/06/2011	23/09/2011	French	PDF
Abridged model	31/03/2010	18/06/2010	30/06/2010	French	PDF
Abridged model	31/03/2009	19/06/2009	05/11/2009	French	PDF
Abridged model	31/03/2008	20/06/2008	21/10/2008	French	PDF
Abridged model	31/03/2007	15/06/2007	31/10/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 5 ended

Active mandates

Dirk LIESSEM

Director · since 19 juillet 2023

Active

Bernd LIESSEM

Director · since 01 avril 2014

Active

Michael LIESSEM

Director · since 01 avril 2014

Active

Ended mandates

Bernd LIESSEM

Manager · since 01 avril 2014

Ended

Michael LIESSEM

Manager · since 01 avril 2014

Ended

Herbert MULLENDER

Manager · since 29 août 2005

Ended

Josée KAULMANN

Manager · since 29 août 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates16/08/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office01/02/2017
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Capital / shares09/10/2014
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/09/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates20/09/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2005
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20253,2 k €↓
2024
Annual accounts 202425,7 k €↓
2023
Annual accounts 202337 k €↓
2022
Annual accounts 202239,7 k €↓
2021
Annual accounts 202160,2 k €↑
2020
Annual accounts 202022,6 k €↓
2019
Annual accounts 201938,3 k €↑
2018
Annual accounts 201822,6 k €↑
2017
Annual accounts 20179,3 k €↓
2016
Annual accounts 201613,3 k €↑
2015
Annual accounts 20158,3 k €↓
2014
Annual accounts 201439,7 k €↑
2013
Annual accounts 201333,6 k €↑
2012
Annual accounts 201225,4 k €↑
2011
Annual accounts 201112,4 k €↑
2010
Annual accounts 20105,2 k €↑
2009
Annual accounts 20093,1 k €↑
2008
Annual accounts 2008481,6 €↑
2007
Annual accounts 2007339,9 €
12/01/1995
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

EULOGIC

Overview

What does EULOGIC do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline