Equity
Equity fell by 71% in 17 years.
Equity fell by 71% in 17 years.
From profit to loss in 2025, after a profit of €2,327 in 2024.
Of this, €191,776 falls due within a year.
Green is investment, beige is depreciation.
Six of the last ten came late. The 2020 accounts came latest: 333 days after the end of the period.
Lower net result than 95% of companies in machinery and equipment. Sector median €12,508 · 465 companies.
The dashed line is the sector median: 0.3% across 980 companies (NACE 28, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, micro). It does better than 19% of them on solvency, 50% on liquidity, 5% on profitability and 8% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,221 companies had the same profile as LEGRAND & PARTNER has now. Each dot stands for 4 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEGRAND & PARTNER itself: 4.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,221 companies, not a prediction for LEGRAND & PARTNER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.99 (2.39 in 2024), above the usual 1.5. Short-term debt is 47.8% of total assets. However, 87.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 108 days after the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LEGRAND & PARTNER Pont-à-Celles | €401,253 | €95,964 | 12.4% | - |
| Etablissements Velden Frères Grâce-Hollogne | €361,501 | €46,271 | 96.9% | - |
| C.V.M. Harelbeke | €889,099 | €147,067 | 82.8% | - |
| MACHINES LOEWENSTEIN Forest | €848,385 | €117,206 | 96.0% | - |
| INTERPROFIEL Machelen (Brab.) | €442,183 | €50,404 | 84.8% | - |
| Controlled Soft Water Beerse | €291,920 | €170,722 | 44.3% | - |
| Gwedina 11 Malle | €190,789 | €54,927 | 22.4% | - |
These companies have the same main activity as LEGRAND & PARTNER: manufacture of machinery and equipment not elsewhere classified (NACE 28299). They are comparable in size and age: total assets between €191,000 and €889,000, founded between 1968 and 1983.
LEGRAND & PARTNER files the micro format. That format states no turnover. The gross margin fell from €180,780 in 2006 to €95,964 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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