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Ligna

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Public limited companyfounded 1968active for 58 yearsEikenlei 170, 2960 Brecht, BelgiumKBO/BCE: BE 0403.729.143

Financials · financial year 2025, full format

Annual accounts 2025 filed on 12-06-2026 PDF all 49 filings

Turnover
€11.4m▲ 3.3%
2024 · €11.0m
EBIT margin
10.9%▼ 1.2pp
2024 · 12.1%
Net result
€864,610▼ 7.9%
2024 · €938,809
Working capital
€3.3m▲ 4.0%
2024 · €3.1m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€11.4m
▲ 3.3% 2025
20182025
Operating result
€1.2m
▼ 6.7% 2025
20182025
Net result
€864,610
▼ 7.9% 2025
highest quarter of the sector
20182025
EBIT margin
10.9%
▼ 1.2pp 2025
20182025
Equity
€3.0m
▲ 2.2% 2025
middle half of the sector
20182025
Total assets
€6.8m
▲ 3.4% 2025
middle half of the sector
20182025
Debt
€3.7m
▲ 4.5% 2025
20182025
Working capital
€3.3m
▲ 4.0% 2025
middle half of the sector
20182025
Solvency
45.0%
▼ 0.6pp 2025
middle half of the sector
20182025
Current ratio
2.14
▼ 0.02 2025
middle half of the sector
20182025
Return on assets (ROA)
12.8%
▼ 1.6pp 2025
highest quarter of the sector
20182025
Staff (FTE)
16
▲ 1.3% 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€10.3m-€9.8m▼ 4.9%€8.2m▼ 16.7%€11.2m▲ 36.9%€12.6m▲ 12.4%€10.9m▼ 13.4%€11.0m▲ 1.3%€11.4m▲ 3.3%
Operating result€0.3m-€0.1m▼ 51.9%€0.5m▲ 252%€1.8m▲ 269%€1.7m▼ 6.4%€1.1m▼ 32.1%€1.3m▲ 18.3%€1.2m▼ 6.7%
Net result-€0.3m-€0.01m€0.3mwithin the sector's middle half▲ 20×€1.3mabove the sector's middle half▲ 352%€1.2mabove the sector's middle half▼ 5.7%€0.8mabove the sector's middle half▼ 35.4%€0.9mabove the sector's middle half▲ 21.0%€0.9mabove the sector's middle half▼ 7.9%
EBIT margin2.7%-1.4%▼ 1.4pp5.9%▲ 4.5pp15.8%▲ 10.0pp13.2%▼ 2.7pp10.3%▼ 2.8pp12.1%▲ 1.7pp10.9%▼ 1.2pp
Equity€1.5m-€1.6m▲ 4.7%€1.8mwithin the sector's middle half▲ 9.4%€2.1mwithin the sector's middle half▲ 18.4%€2.4mwithin the sector's middle half▲ 16.8%€2.9mwithin the sector's middle half▲ 18.5%€3.0mwithin the sector's middle half▲ 3.1%€3.0mwithin the sector's middle half▲ 2.2%
Total assets€6.6m-€7.0m▲ 6.4%€6.6mwithin the sector's middle half▼ 6.1%€7.7mwithin the sector's middle half▲ 17.1%€7.2mwithin the sector's middle half▼ 6.7%€6.8mwithin the sector's middle half▼ 5.4%€6.6mwithin the sector's middle half▼ 3.8%€6.8mwithin the sector's middle half▲ 3.4%
Debt€4.8m-€5.3m▲ 8.9%€4.7m▼ 10.9%€5.6m▲ 19.1%€4.8m▼ 14.7%€3.9m▼ 17.7%€3.6m▼ 8.9%€3.7m▲ 4.5%
Working capital€2.9m-€2.8m▼ 3.9%€2.8mwithin the sector's middle half▲ 1.3%€3.4mabove the sector's middle half▲ 21.6%€3.4mwithin the sector's middle half▲ 0.7%€3.7mabove the sector's middle half▲ 7.3%€3.1mwithin the sector's middle half▼ 14.6%€3.3mwithin the sector's middle half▲ 4.0%
Solvency23.4%-23.0%▼ 0.4pp26.8%within the sector's middle half▲ 3.8pp27.1%within the sector's middle half▲ 0.3pp33.9%within the sector's middle half▲ 6.8pp42.5%within the sector's middle half▲ 8.6pp45.5%within the sector's middle half▲ 3.0pp45.0%within the sector's middle half▼ 0.6pp
Current ratio2.30-2.01▼ 0.292.16within the sector's middle half▲ 0.151.98within the sector's middle half▼ 0.182.09within the sector's middle half▲ 0.122.61within the sector's middle half▲ 0.512.16within the sector's middle half▼ 0.452.14within the sector's middle half▼ 0.02
Return on assets (ROA)-4.8%-0.2%▲ 5.0pp4.3%within the sector's middle half▲ 4.1pp16.5%above the sector's middle half▲ 12.2pp16.7%above the sector's middle half▲ 0.2pp11.4%above the sector's middle half▼ 5.3pp14.3%above the sector's middle half▲ 2.9pp12.8%above the sector's middle half▼ 1.6pp
Staff (FTE)14.7-17.2▲ 17.0%15.8within the sector's middle half▼ 8.1%15.8within the sector's middle half=15.9within the sector's middle half▲ 0.6%15.6within the sector's middle half▼ 1.9%15.8within the sector's middle half▲ 1.3%16within the sector's middle half▲ 1.3%
above within below The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 7% lower than in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.8m
Fixed assets €651,824 ▼ 8.3%
Current assets €6.1m ▲ 4.9%
Equity and liabilities €6.8m
Equity €3.0m ▲ 2.2%
Debt €3.7m ▲ 4.5%
Debt's share of the balance-sheet total rises from 54.5% to 55.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.4m▼
2024 · €1.5m
Cash flow
€1.1m▼
2024 · €1.1m
Quick ratio
1.64▼
2024 · 1.71
Debt to equity
1.22▲
2024 · 1.20
ROE
28.4%▼
2024 · 31.5%
Interest coverage
23.70▲
2024 · 21.32
Debt ≤ 1 year
€2.9m▲
2024 · €2.7m
Debt > 1 year
€860,447▲
2024 · €856,197
Income taxes
€321,522▼
2024 · €342,000
Customer credit
78 days▲
2024 · 71 days
Supplier credit
76 days▲
2024 · 70 days
Staff costs
€1.3m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date1616161715
full-time1515141513
part-time11222
in full-time equivalents15.815.815.616.614.6
Average over the year, in full-time equivalents15.215.915.415.816
On a permanent contract1616161715
Joined12332
Left12324
Agency workers, average number31.51.21.31.3
Training hours--502121

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€2.6m€2.0m€1.7m€1.1m€1.2m
Mortgages, amount registered€1.7m€1.0m€1.0m€1.0m€1.0m
Mortgage mandates€1.2m€500,000€500,000€500,000€500,000
Carrying value of the mortgaged assets€573,705€332,290€275,933€228,483€182,723
Pledge on the business€673,947€673,947€673,947€1.2m€1.2m
Mandates to pledge the business€123,947€123,947€123,947€123,947€123,947

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€30,755€201,803€392,483€65,560€141,636
Depreciation and write-downs of the year€154,471€181,606€193,293€210,221€191,207

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit€7,000€8,000€8,000€8,000€9,000

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €63,811 awarded · €63,811 paid
Year Entries AwardedPaid
2025 1 €9,726€9,726
2024 2 €8,681€8,681
2023 1 €23,208€23,208
2022 1 €22,196€22,196
Schemes
4 entries · €63,495 · €63,495 paid · Departement Werk en Sociale Economie
1 entry · €316 · €316 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 78 lines
Balance sheet Code20242025
Assets
Total assets20/58€6.6m€6.8m▲
Fixed assets21/28€0.7m€0.7m▼
Tangible fixed assets22/27€0.7m€0.6m▼
Land and buildings22€0.2m€0.2m▼
Plant, machinery and equipment23€0.07m€0.06m▼
Furniture and vehicles24€0.1m€0.1m▲
Other tangible fixed assets26€0.3m€0.3m▼
Financial fixed assets28€0.02m€0.02m=
Other financial fixed assets284/8€0.02m€0.02m=
Amounts receivable and cash guarantees285/8€0.02m€0.02m=
Current assets29/58€5.8m€6.1m▲
Amounts receivable after more than one year29€1.5m€1.7m▲
Other amounts receivable291€1.5m€1.7m▲
Stocks and contracts in progress3€1.2m€1.4m▲
Stocks30/36€1.2m€1.4m▲
Goods purchased for resale34€1.2m€1.4m▲
Amounts receivable within one year40/41€2.5m€2.5m▲
Trade receivables40€2.2m€2.4m▲
Other amounts receivable41€0.3m€0.03m▼
Cash at bank and in hand54/58€0.7m€0.6m▼
Deferred charges and accrued income490/1€0.04m€0.03m▼
Equity and liabilities
Total equity and liabilities10/49€6.6m€6.8m▲
Equity10/15€3.0m€3.0m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€2.9m€3.0m▲
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Distributable reserves133€2.9m€3.0m▲
Amounts payable17/49€3.6m€3.7m▲
Amounts payable after more than one year17€0.9m€0.9m▲
Financial debts170/4€0.9m€0.9m▲
Credit institutions173€0.9m€0.9m▲
Amounts payable within one year42/48€2.7m€2.9m▲
Current portion of amounts payable after more than one year42€0.2m€0.2m▲
Financial debts43€0.1m€0.09m▼
Credit institutions430/8€0.1m€0.09m▼
Trade debts44€1.3m€1.5m▲
Suppliers440/4€1.3m€1.5m▲
Taxes, remuneration and social security45€0.3m€0.3m▼
Taxes450/3€0.1m€0.1m▼
Remuneration and social security454/9€0.2m€0.2m▼
Other amounts payable47/48€0.9m€0.8m▼
Accrued charges and deferred income492/3€0.006m€0.002m▼
Income statement Code20242025
Operating income70/76A€11.3m€11.8m▲
Turnover70€11.0m€11.4m▲
Other operating income74€0.3m€0.3m▲
Non-recurring operating income76A€0€0.1m▲
Operating charges60/66A€10.0m€10.6m▲
Goods for resale, raw materials and consumables60€6.9m€7.3m▲
Purchases600/8€6.9m€7.5m▲
Change in stocks: decrease (increase)609€0.03m-€0.2m▼
Services and other goods61€1.6m€1.8m▲
Remuneration, social security and pensions62€1.2m€1.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▼
Other operating charges640/8€0.03m€0.04m▲
Operating profit (loss)9901€1.3m€1.2m▼
Financial income75/76B€0.03m€0.01m▼
Recurring financial income75€0.03m€0.01m▼
Income from current assets751€0.03m€0.01m▼
Other financial income752/9€0.001m€217▼
Financial charges65/66B€0.08m€0.07m▼
Recurring financial charges65€0.08m€0.07m▼
Debt charges650€0.07m€0.06m▼
Other financial charges652/9€0.009m€0.009m▲
Profit (loss) for the period before taxes9903€1.3m€1.2m▼
Income taxes67/77€0.3m€0.3m▼
Taxes670/3€0.3m€0.4m▲
Tax adjustments and reversals of tax provisions77€0€0.04m▲
Profit (loss) for the period9904€0.9m€0.9m▼
Profit (loss) for the period to be appropriated9905€0.9m€0.9m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.9m€0.9m▼
Transfer to equity691/2€0.09m€0.06m▼
To other reserves6921€0.09m€0.06m▼
Profit to be distributed694/7€0.9m€0.8m▼
Return on contributions (dividend)694€0.9m€0.8m▼
Social balance sheet
Average headcount (FTE)908715.816.0▲

The notes to these accounts have 70 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 12-06-2026.

Line20182019202020212022202320242025Change
Operating income70/76A---€11.6m€13.0m€11.3m€11.3m€11.8m▲ 4.6%
Turnover70€10.3m€9.8m€8.2m€11.2m€12.6m€10.9m€11.0m€11.4m▲ 3.3%
Other operating income74---€0.4m€0.3m€0.3m€0.3m€0.3m▲ 13.5%
Non-recurring operating income76A---€0.09m€0.05m€0.06m€0€0.1m-
Operating charges60/66A---€9.9m€11.3m€10.1m€10.0m€10.6m▲ 6.1%
Goods for resale, raw materials and consumables60---€7.4m€8.5m€7.1m€6.9m€7.3m▲ 5.7%
Purchases600/8---€7.7m€8.5m€7.0m€6.9m€7.5m▲ 9.3%
Change in stocks: decrease (increase)609----€0.4m-€0.06m€0.2m€0.03m-€0.2m-
Services and other goods61---€1.4m€1.5m€1.6m€1.6m€1.8m▲ 9.7%
Remuneration, social security and pensions62---€1.0m€1.1m€1.2m€1.2m€1.3m▲ 5.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m▼ 9.0%
Other operating charges640/8---€0.02m€0.03m€0.02m€0.03m€0.04m▲ 42.3%
Non-recurring operating charges66A----€0.002m----
Operating profit (loss)9901€0.3m€0.1m€0.5m€1.8m€1.7m€1.1m€1.3m€1.2m▼ 6.7%
Financial income75/76B---€0.02m€0.02m€0.03m€0.03m€0.01m▼ 54.9%
Recurring financial income75€445€0.03m€0.03m€0.02m€0.02m€0.03m€0.03m€0.01m▼ 54.9%
Income from current assets751---€0.02m€0.02m€0.03m€0.03m€0.01m▼ 54.2%
Other financial income752/9---€177€0.001m€0.001m€0.001m€217▼ 77.0%
Financial charges65/66B---€0.05m€0.05m€0.08m€0.08m€0.07m▼ 14.3%
Recurring financial charges65€0.09m€0.07m€0.1m€0.05m€0.05m€0.08m€0.08m€0.07m▼ 14.3%
Debt charges650€0.07m€0.06m€0.1m€0.04m€0.05m€0.08m€0.07m€0.06m▼ 16.3%
Other financial charges652/9---€0.005m€0.007m€0.007m€0.009m€0.009m▲ 2.7%
Profit (loss) for the period before taxes9903-€0.3m€0.04m€0.4m€1.7m€1.6m€1.1m€1.3m€1.2m▼ 7.4%
Transfer from deferred taxes780---€0.09m€0.05m----
Income taxes67/77€0.09m€0.05m€0.1m€0.6m€0.5m€0.3m€0.3m€0.3m▼ 6.0%
Taxes670/3---€0.6m€0.5m€0.3m€0.3m€0.4m▲ 6.6%
Tax adjustments and reversals of tax provisions77----€0.02m€0.002m€0€0.04m-
Profit (loss) for the period9904-€0.3m€0.01m€0.3m€1.3m€1.2m€0.8m€0.9m€0.9m▼ 7.9%
Transfer from tax-exempt reserves789---€0.3m€0.1m----
Profit (loss) for the period to be appropriated9905-€0.3m€0.07m€0.3m€1.6m€1.3m€0.8m€0.9m€0.9m▼ 7.9%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€6.6m€7.0m€6.6m€7.7m€7.2m€6.8m€6.6m€6.8m▲ 3.4%
Fixed assets21/28€1.5m€1.5m€1.4m€0.8m€0.7m€0.9m€0.7m€0.7m▼ 8.3%
Tangible fixed assets22/27€1.5m€1.5m€1.4m€0.8m€0.6m€0.8m€0.7m€0.6m▼ 8.5%
Land and buildings22---€0.6m€0.3m€0.3m€0.2m€0.2m▼ 20.0%
Plant, machinery and equipment23---€0.1m€0.05m€0.1m€0.07m€0.06m▼ 26.1%
Furniture and vehicles24---€0.07m€0.1m€0.1m€0.1m€0.1m▲ 21.1%
Other tangible fixed assets26---€0.06m€0.1m€0.3m€0.3m€0.3m▼ 6.4%
Financial fixed assets28€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m=
Other financial fixed assets284/8---€0.02m€0.02m€0.02m€0.02m€0.02m=
Amounts receivable and cash guarantees285/8---€0.02m€0.02m€0.02m€0.02m€0.02m=
Current assets29/58€5.1m€5.5m€5.2m€6.9m€6.5m€6.0m€5.8m€6.1m▲ 4.9%
Amounts receivable after more than one year29---€2.1m€1.4m€1.4m€1.5m€1.7m▲ 12.5%
Other amounts receivable291---€2.1m€1.4m€1.4m€1.5m€1.7m▲ 12.5%
Stocks and contracts in progress3€0.9m€1.1m€0.9m€1.3m€1.4m€1.2m€1.2m€1.4m▲ 17.5%
Stocks30/36---€1.3m€1.4m€1.2m€1.2m€1.4m▲ 17.5%
Goods purchased for resale34---€1.3m€1.4m€1.2m€1.2m€1.4m▲ 17.5%
Amounts receivable within one year40/41€4.0m€2.1m€1.6m€2.6m€3.1m€2.2m€2.5m€2.5m▲ 0.1%
Trade receivables40---€2.1m€2.5m€1.9m€2.2m€2.4m▲ 12.5%
Other amounts receivable41---€0.5m€0.6m€0.3m€0.3m€0.03m▼ 89.1%
Cash at bank and in hand54/58€0.2m€0.3m€0.4m€0.8m€0.6m€1.1m€0.7m€0.6m▼ 15.1%
Deferred charges and accrued income490/1---€0.03m€0.01m€0.06m€0.04m€0.03m▼ 23.0%
Equity and liabilities
Total equity and liabilities10/49€6.6m€7.0m€6.6m€7.7m€7.2m€6.8m€6.6m€6.8m▲ 3.4%
Equity10/15€1.5m€1.6m€1.8m€2.1m€2.4m€2.9m€3.0m€3.0m▲ 2.2%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves13€1.7m€1.7m€1.7m€2.0m€2.4m€2.8m€2.9m€3.0m▲ 2.2%
Non-distributable reserves130/1---€0.006m€0.006m€0.006m€0.006m€0.006m=
Legal reserve130---€0.006m€0.006m€0.006m€0.006m€0.006m=
Tax-exempt reserves132---€0.1m-----
Distributable reserves133---€1.9m€2.4m€2.8m€2.9m€3.0m▲ 2.2%
Profit (loss) carried forward14-€0.3m-€0.2m-------
Provisions and deferred taxes16€0.2m€0.2m€0.1m€0.05m-----
Deferred taxes168---€0.05m-----
Amounts payable17/49€4.8m€5.3m€4.7m€5.6m€4.8m€3.9m€3.6m€3.7m▲ 4.5%
Amounts payable after more than one year17€2.6m€2.5m€2.3m€2.1m€1.6m€1.6m€0.9m€0.9m▲ 0.5%
Financial debts170/4---€2.1m€1.6m€1.6m€0.9m€0.9m▲ 0.5%
Credit institutions173---€2.1m€1.6m€1.6m€0.9m€0.9m▲ 0.5%
Amounts payable within one year42/48€2.2m€2.7m€2.4m€3.5m€3.1m€2.3m€2.7m€2.9m▲ 5.9%
Current portion of amounts payable after more than one year42---€0.3m€0.2m€0.1m€0.2m€0.2m▲ 36.2%
Financial debts43---€0.4m€0.3m€0.05m€0.1m€0.09m▼ 24.0%
Credit institutions430/8---€0.4m€0.3m€0.05m€0.1m€0.09m▼ 24.0%
Trade debts44€1.7m€2.4m€1.8m€1.6m€1.5m€1.4m€1.3m€1.5m▲ 15.1%
Suppliers440/4---€1.6m€1.5m€1.4m€1.3m€1.5m▲ 15.1%
Taxes, remuneration and social security45---€0.3m€0.3m€0.2m€0.3m€0.3m▼ 5.1%
Taxes450/3---€0.2m€0.2m€0.09m€0.1m€0.1m▼ 10.8%
Remuneration and social security454/9---€0.1m€0.1m€0.2m€0.2m€0.2m▼ 0.8%
Other amounts payable47/48---€1.0m€0.9m€0.5m€0.9m€0.8m▼ 5.9%
Accrued charges and deferred income492/3---€0.02m€0.01m€0.02m€0.006m€0.002m▼ 57.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€0.3m€0.01m€0.3m€1.3m€1.2m€0.8m€0.9m€0.9m▼ 7.9%
+ Depreciation and write-downs630€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m▼ 9.0%
Operating cash flow (approximation)-€0.1m€0.2m€0.5m€1.4m€1.4m€1.0m€1.1m€1.1m▼ 8.1%
Investment in fixed assets (approximation)--€0.2m-€0.04m€0.4m€0.005m-€0.4m-€0.07m-€0.1m▼ 102%
Change in cash-€0.2m€0.04m€0.4m-€0.2m€0.5m-€0.4m-€0.1m▲ 74.1%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 20,136 companies had the same profile as Ligna has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.0% was still going
4.7% stopped otherwise
0.2% went bankrupt

That fits the bankruptcy probability of Ligna itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 20,136 companies, not a prediction for Ligna. 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.

Latest 10 of 49 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 12-06-2026 2026-00162579 PDF
31-12-2024 full format 24-06-2025 2025-00177504 PDF
31-12-2023 full format 12-06-2024 2024-00127742 PDF
31-12-2022 full format 20-06-2023 2023-00139700 PDF
31-12-2021 full format 20-05-2022 2022-20030917 PDF
31-12-2020 full format 18-11-2021 2021-77600318 PDF
31-12-2019 full format 05-08-2020 2020-39400539 PDF
31-12-2018 full format 12-07-2019 2019-32900369 PDF
31-12-2017 full format 05-07-2018 2018-29600413 PDF
31-12-2016 full format 21-06-2017 2017-22100283 PDF

Show all 49 filings

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