LIGNARIS
ActiveSummary
LIGNARIS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €16k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 403 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+9
Solvency76▼-24
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 8.03 in 2024; short-term debt: 48.9% and cash: 44.8% of total assets), and 48.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
51.1%
Return on assets
19.3%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
27 d late
2023
6 d early
2022
5 d early
2021
22 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▼ 25.2%
2024 · €56k
2018: €46k
2019: €56k
2020: €71k
2021: €67k
2022: €56k
2023: €49k
2024: €56k
2018 → 2025
Total assets
€82k▲ 34.5%
2024 · €61k
2018: €62k
2019: €63k
2020: €84k
2021: €86k
2022: €66k
2023: €65k
2024: €61k
2018 → 2025
Net result
€16k▲ 106%
2024 · €8k
2018: €16k
2019: €10k
2020: €15k
2021: €-4k
2022: €-11k
2023: €-8k
2024: €8k
2018 → 2025
Working capital
€26k▼ 24.1%
2024 · €35k
2018: €46k
2019: €55k
2020: €45k
2021: €48k
2022: €44k
2023: €42k
2024: €35k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€56k▼ 16.3%€49k▼ 13.7%€56k▲ 15.8%€42k▼ 25.2%
Operating result€-4k-€-11k▼ 194%€-7k▲ 30.9%€8k€18k▲ 134%
Net result€-4k-€-11k▼ 185%€-8k▲ 29.4%€8k€16k▲ 106%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 134% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€16k ▼ 26.8%
Current assets
€67k ▲ 67.8%
Equity and liabilities €82k
Equity
€42k ▼ 25.2%
Debt
€40k ▲ 715%
Debt's share of the balance-sheet total rises from 8.1% to 48.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24k▲
2024 · €16k
Cash flow
€22k▲
2024 · €15k
Current ratio
1.65▼
2024 · 8.03
Debt to equity
0.96▲
2024 · 0.09
ROE
37.7%▲
2024 · 13.7%
ROA
19.3%▲
2024 · 12.6%
Interest coverage
113.06▲
2024 · 73.14
Debt ≤ 1 year
€40k▲
2024 · €5k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€61k€82k▲
Fixed assets21/28€22k€16k▼
Tangible fixed assets22/27€22k€16k▼
Furniture and vehicles24€22k€16k▼
Current assets29/58€40k€67k▲
Amounts receivable within one year40/41€8k€29k▲
Trade receivables40€2k€26k▲
Other amounts receivable41€6k€3k▼
Cash at bank and in hand54/58€32k€37k▲
Deferred charges and accrued income490/1-€717
Equity and liabilities
Total equity and liabilities10/49€61k€82k▲
Equity10/15€56k€42k▼
Contributions10/11€12k€12k=
Capital10€12k-
Issued capital100€19k-
Uncalled capital101€6k-
Reserves13€1k€17k▲
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k-
Reserves not available under the articles1311-€1k
Distributable reserves133-€16k
Profit (loss) carried forward14€43k€13k▼
Amounts payable17/49€5k€40k▲
Amounts payable within one year42/48€5k€40k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€3k€13k▲
Taxes450/3€3k€13k▲
Other amounts payable47/48-€21k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€401€313▼
Gross operating margin9900€16k€25k▲
Operating profit (loss)9901€8k€18k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€214€214▼
Recurring financial charges65€214€214▼
Profit (loss) for the period before taxes9903€8k€18k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€8k€16k▲
Profit (loss) for the period to be appropriated9905€8k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€58k▲
Profit (loss) brought forward from the previous period14P€35k€43k▲
Transfer to equity691/2-€16k
To other reserves6921-€16k
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (6 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 8.03
Current ratio from 3.64 to 8.03; short-term debt falls from €16k to €5k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 8.90
Current ratio from 3.95 to 8.90; short-term debt falls from €15k to €7k.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2008
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.
Chaussée de Soignies 91404 NivellesGround area
398 m²
Building footprint
114 m²
Volume, LiDAR
475 m³
Parcel 25011B0009/00F000, Wallonia · tallest building 11.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Chaussée de Soignies 9, 1404 Nivelles
since 20082.174.158.790
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25011B0009/00F000 | Wallonia | 398 m² | 1 · 114 m² | 11.7 m · 1 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.
Similar companies · same sector, comparable size
Buro-o
BE 1009.991.615
Ronse · Eq €42,650
LTD FINITIONS
BE 0462.802.539
Liège · Eq €41,070
Ghijselinck Gwen interieurafwerking
BE 0749.924.519
Zottegem · Eq €41,016
LUCANOR
BE 1019.030.728
Ronse · Eq €44,482
ALUBRAND
BE 0720.811.255
Kortrijk · Eq €44,503
Of 446 companies in sector 31001 we hold annual accounts for 208. 139 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
31001Manufacture of furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.