LIGN
ActiveSummary
LIGN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,566 and a net result of -€15,703. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 23% of 128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+18
Solvency38▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.3 against 2.1 in 2024; short-term debt: 40.9% and cash: 0.1% of total assets), but 87.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+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 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€15,703
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 128 sector peers (2025).
NBB · sector comparisonPosition among 128 sector peers
Solvency
better than 23%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
53 d early
2024
52 d early
2023
55 d early
2022
32 d early
2021
43 d early
2020
40 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 employer in West Flanders, Electrical equipment sector
Equity
€107,566▼ 12.7%
2024 · €123,269
Total assets
€835,237▲ 2.7%
2024 · €813,267
Net result
-€15,703▲ 91.9%
2024 · -€194,184
Working capital
€443,530▲ 12.2%
2024 · €395,387
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35,674▼ 87.8%€51,787▲ 45.2%€42,022▼ 18.9%-€160,200-€13,317▲ 91.7%
Net result€5,163▼ 97.1%€9,533▲ 84.6%€11,970▲ 25.6%-€194,184-€15,703▲ 91.9%
Equity€495,421▲ 1.1%€504,954▲ 1.9%€516,924▲ 2.4%€123,269▼ 76.2%€107,566▼ 12.7%
Total assets€1.3m▼ 0.3%€1.2m▼ 2.7%€1.1m▼ 12.2%€813,267▼ 25.3%€835,237▲ 2.7%
Debt€778,806▲ 2.2%€735,028▼ 5.6%€572,081▼ 22.2%€689,998▲ 20.6%€727,671▲ 5.5%
Working capital€778,581▼ 1.9%€725,397▼ 6.8%€670,750▼ 7.5%€395,387▼ 41.1%€443,530▲ 12.2%
Staff (FTE)13.5▼ 2.9%12▼ 11.1%14.2▲ 18.3%15.5▲ 9.2%11.4▼ 26.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result +92% on 2024. Cause not known from the registers.
- 2024 Equity -76% on 2023. Cause not known from the registers.
- 2021 Net result -97% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,317 in 2025 against €160,200 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €835,237
Fixed assets
€50,422 ▼ 12.9%
Current assets
€784,816 ▲ 3.9%
Equity and liabilities €835,237
Equity
€107,566 ▼ 12.7%
Debt
€727,671 ▲ 5.5%
Debt's share of the balance-sheet total rises from 84.8% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,350▲
2024 · -€145,200
Cash flow
€2,964▲
2024 · -€179,183
Current ratio
2.30▲
2024 · 2.10
Quick ratio
0.56▲
2024 · 0.31
Debt to equity
6.76▲
2024 · 5.60
ROE
-14.6%▲
2024 · -157.5%
ROA
-1.9%▲
2024 · -23.9%
Interest coverage
0.19▲
2024 · -3.90
Debt ≤ 1 year
€341,286▼
2024 · €359,993
Debt > 1 year
€356,152▲
2024 · €291,883
Income taxes
€141▼
2024 · €348
Staff costs
€403,825▼
2024 · €571,273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,419 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,419 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €653,169 | €541,936 | €555,147 | €571,273 | €403,825 | ▼ 29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,744 | €20,702 | €21,356 | €15,001 | €18,667 | ▲ 24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €572 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€25,500 | - | - | - | - | - |
| Other operating charges640/8 | €17,927 | €17,151 | €18,202 | €18,150 | €2,085 | ▼ 88.5% |
| Gross operating margin9900 | €706,013 | €632,147 | €636,727 | €444,223 | €411,260 | ▼ 7.4% |
| Operating profit (loss)9901 | €35,674 | €51,787 | €42,022 | -€160,200 | -€13,317 | ▲ 91.7% |
| Financial income75/76B | €6,801 | €9,367 | €18,134 | €3,574 | €25,227 | ▲ 606% |
| Recurring financial income75 | €6,801 | €9,367 | €18,134 | €3,574 | €25,227 | ▲ 606% |
| Financial charges65/66B | €34,141 | €44,821 | €39,499 | €37,210 | €27,472 | ▼ 26.2% |
| Recurring financial charges65 | €34,141 | €44,821 | €39,499 | €37,210 | €27,472 | ▼ 26.2% |
| Profit (loss) for the period before taxes9903 | €8,334 | €16,332 | €20,657 | -€193,836 | -€15,562 | ▲ 92.0% |
| Income taxes67/77 | €3,171 | €6,799 | €8,688 | €348 | €141 | ▼ 59.5% |
| Profit (loss) for the period9904 | €5,163 | €9,533 | €11,970 | -€194,184 | -€15,703 | ▲ 91.9% |
| Profit (loss) for the period to be appropriated9905 | €5,163 | €9,533 | €11,970 | -€194,184 | -€15,703 | ▲ 91.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.2m | €1.1m | €813,267 | €835,237 | ▲ 2.7% |
| Fixed assets21/28 | €77,571 | €58,353 | €52,759 | €57,886 | €50,422 | ▼ 12.9% |
| Intangible fixed assets21 | €9,087 | €5,965 | €17,834 | €12,692 | €7,555 | ▼ 40.5% |
| Tangible fixed assets22/27 | €65,109 | €49,014 | €31,549 | €41,819 | €39,491 | ▼ 5.6% |
| Plant, machinery and equipment23 | €12,035 | €8,793 | €4,488 | €27,621 | €22,600 | ▼ 18.2% |
| Furniture and vehicles24 | €20,911 | €12,069 | €2,920 | €2,067 | €6,771 | ▲ 228% |
| Leasing and similar rights25 | €14,000 | €12,000 | €10,000 | - | - | - |
| Other tangible fixed assets26 | €18,162 | €16,152 | €14,141 | €12,131 | €10,121 | ▼ 16.6% |
| Financial fixed assets28 | €3,375 | €3,375 | €3,375 | €3,375 | €3,375 | = |
| Current assets29/58 | €1.2m | €1.2m | €1.0m | €755,381 | €784,816 | ▲ 3.9% |
| Stocks and contracts in progress3 | €727,843 | €821,823 | €813,386 | €643,345 | €592,891 | ▼ 7.8% |
| Stocks30/36 | €727,843 | €821,823 | €813,386 | €643,345 | €592,891 | ▼ 7.8% |
| Amounts receivable within one year40/41 | €458,615 | €331,066 | €193,808 | €79,647 | €174,875 | ▲ 120% |
| Trade receivables40 | €399,036 | €298,974 | €169,166 | €46,761 | €143,955 | ▲ 208% |
| Other amounts receivable41 | €59,579 | €32,091 | €24,642 | €32,886 | €30,920 | ▼ 6.0% |
| Cash at bank and in hand54/58 | €5,391 | €17,017 | €18,722 | €3,635 | €734 | ▼ 79.8% |
| Deferred charges and accrued income490/1 | €4,807 | €11,724 | €10,329 | €28,754 | €16,316 | ▼ 43.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.2m | €1.1m | €813,267 | €835,237 | ▲ 2.7% |
| Equity10/15 | €495,421 | €504,954 | €516,924 | €123,269 | €107,566 | ▼ 12.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €476,821 | €486,354 | €498,324 | €298,853 | €298,853 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €474,961 | €484,494 | €498,324 | €298,853 | €298,853 | = |
| Profit (loss) carried forward14 | - | - | - | -€194,184 | -€209,887 | ▼ 8.1% |
| Amounts payable17/49 | €778,806 | €735,028 | €572,081 | €689,998 | €727,671 | ▲ 5.5% |
| Amounts payable after more than one year17 | €340,348 | €251,876 | €179,054 | €291,883 | €356,152 | ▲ 22.0% |
| Financial debts170/4 | €340,348 | €251,876 | €179,054 | €291,883 | €356,152 | ▲ 22.0% |
| Amounts payable within one year42/48 | €418,075 | €456,232 | €365,495 | €359,993 | €341,286 | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | €18,333 | €85,718 | €82,033 | €75,137 | €744 | ▼ 99.0% |
| Financial debts43 | €30,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Credit institutions430/8 | €30,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Trade debts44 | €287,745 | €195,139 | €82,251 | €105,714 | €140,053 | ▲ 32.5% |
| Suppliers440/4 | €287,745 | €195,139 | €82,251 | €105,714 | €140,053 | ▲ 32.5% |
| Advances received on contracts in progress46 | - | €896 | - | - | - | - |
| Taxes, remuneration and social security45 | €31,997 | €44,255 | €69,558 | €44,453 | €57,295 | ▲ 28.9% |
| Taxes450/3 | €878 | €612 | €874 | €2,304 | €1,764 | ▼ 23.4% |
| Remuneration and social security454/9 | €31,119 | €43,643 | €68,684 | €42,149 | €55,530 | ▲ 31.7% |
| Other amounts payable47/48 | €50,000 | €50,224 | €51,653 | €54,690 | €63,194 | ▲ 15.5% |
| Accrued charges and deferred income492/3 | €20,383 | €26,921 | €27,532 | €38,121 | €30,234 | ▼ 20.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,163 | €9,533 | €11,970 | -€194,184 | -€15,703 | ▲ 91.9% |
| + Depreciation and write-downs630 | €24,744 | €20,702 | €21,356 | €15,001 | €18,667 | ▲ 24.4% |
| Operating cash flow (approximation) | €29,907 | €30,235 | €33,326 | -€179,183 | €2,964 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€1,484 | -€15,762 | -€20,128 | -€11,203 | ▲ 44.3% |
| Change in cash | - | €11,626 | €1,705 | -€15,087 | -€2,901 | ▲ 80.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€194,184
Net result drops to -€194,184, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €504,954 ▲1.9%
5 profitable years in a row build equity to €504,954.
18-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €181,046 ▲103%
Operating result €293,225, net result €181,046, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are 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, Izegem · 1 establishment unit since 2016
Ground area
3,446 m²
Building footprint
2,993 m²
Parcel 36008C0013/00L000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LIGN
since 20162.252.440.661
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008C0013/00L000 | Flanders | 3,446 m² | 1 · 2,993 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 61,586 EUR awarded · 60,888 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 40,320 EUR | 40,320 EUR |
| 2024 | 2 | 6,371 EUR | 8,059 EUR |
| 2023 | 3 | 10,462 EUR | 9,681 EUR |
| 2022 | 2 | 4,433 EUR | 2,828 EUR |
Similar companies · same sector, comparable size
PLASTISART NEON
BE 0406.363.979
Fleurus · Eq €105,932
B.M. NEON
BE 0461.102.762
Genk · Eq €103,810
TRANSLIGHT
BE 0415.855.925
Antwerpen · Eq €102,007
Xillo
BE 0578.932.226
Brugge · Eq €114,496
HASSELT TOOL DESIGN
BE 0447.520.980
Sint-Truiden · Eq €114,710
Of 257 companies in sector 27402 we hold annual accounts for 157. 114 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
27402Manufacture of electrical equipment
22210Manufacture of rubber and plastic products
26110Manufacture of computer, electronic and optical products
27320Manufacture of electrical equipment
27330Manufacture of electrical equipment
27900Manufacture of electrical equipment
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0651895824
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.