LIGNA-parts

Active

Public limited companyfounded 200818 yrs activeMercatorstraße 16, 4780 Sankt Vith, BelgiumKBO/BCE: BE 0806.041.393

LIGNA-parts has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.70M and a net result of €-2.19M. Equity is growing by ~70.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 4761 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

12 / 100

Critical▼ -59 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-26

Solvency37▼-40

Growth68▼-10

Stability100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.03 against 1.3 in 2024), and 75.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

24.6%

Return on assets

-14.6%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 16

Relative position

BE, all sectors

reference

Sector 16

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

8 d early

2024

6 d early

2023

5 d early

2022

8 d late

2021

37 d early

2020

26 d late

2019

43 d early

← before the deadline after the deadline →

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 months

Position in the running window

06-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€21.70M▲ 38.0%

2024 · €15.72M

2024: €15.72M

2024 → 2025

EBIT margin

-10.0%▼ 11.7pp

2024 · 1.7%

2024: 1.7%

2024 → 2025

Net result

€-2.19M

2024 · €249k

2019: €-238k 2020: €43k 2021: €533k 2022: €1.73M 2023: €2.27M 2024: €249k

2019 → 2025

Working capital

€223k▼ 84.1%

2024 · €1.40M

2019: €-885k 2020: €-762k 2021: €-462k 2022: €325k 2023: €1.30M 2024: €1.40M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€15.72M€21.70M▲ 38.0%

Equity€1.16M-€2.05M▲ 75.7%€3.25M▲ 58.7%€5.92M▲ 82.3%€3.70M▼ 37.4%

Operating result€519k-€2.01M▲ 288%€2.65M▲ 31.6%€273k▼ 89.7%€-2.17M

Net result€533k-€1.73M▲ 225%€2.27M▲ 31.3%€249k▼ 89.0%€-2.19M

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €2.17M after €273k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €15.05M

52.3%

47.7%

Fixed assets €7.88M▲ 26.8%

Current assets €7.18M▲ 16.6%

Equity and liabilities €15.05M

24.6%

75.1%

Equity €3.70M▼ 37.4%

Provisions €46k=

Debt €11.30M▲ 76.6%

The debt ratio rises from 51.7% to 75.1%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-1.48M▼

2024 · €790k

Cash flow

€-1.50M▼

2024 · €766k

Solvency

24.6%▼

2024 · 47.9%

Current ratio

1.03▼

2024 · 1.30

Quick ratio

0.79▼

2024 · 0.91

Debt / equity

3.05▲

2024 · 1.08

ROE

-59.2%▼

2024 · 4.2%

ROA

-14.6%▼

2024 · 2.0%

Interest coverage

-8.02▼

2024 · 6.82

Debt

€11.30M▲

2024 · €6.40M

Debt ≤ 1 year

€6.95M▲

2024 · €4.75M

Debt > 1 year

€4.33M▲

2024 · €1.64M

Income taxes

€2k▲

2024 · €-949

Staff costs

€1.56M▲

2024 · €1.29M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Total assets20/58€12.36M€15.05M▲

Fixed assets21/28€6.21M€7.88M▲

Intangible fixed assets21€296k€193k▼

Tangible fixed assets22/27€5.90M€7.67M▲

Financial fixed assets28€15k€15k=

Current assets29/58€6.15M€7.18M▲

Stocks & contracts in progress3€1.84M€1.71M▼

Amounts receivable within one year40/41€3.88M€5.31M▲

Cash & bank54/58€389k€112k▼

Total equity & liabilities10/49€12.36M€15.05M▲

Equity10/15€5.92M€3.70M▼

Contributions / capital10/11€150k€150k=

Reserves13€153k€234k▲

Accumulated profits (losses)14€2.85M€654k▼

Provisions & deferred taxes16€46k€46k=

Amounts payable17/49€6.40M€11.30M▲

Amounts payable after one year17€1.64M€4.33M▲

Amounts payable within one year42/48€4.75M€6.95M▲

Trade debts payable within one year44€582k€2.09M▲

Income statement Code20242025

Turnover70€15.72M€21.70M▲

Operating result9901€273k€-2.17M▼

Financial income75€185k€204k▲

Financial charges65€164k€224k▲

Result before taxes9903€294k€-2.19M▼

Income taxes67/77€-949€2k▲

Net result for the period9904€249k€-2.19M▼

Result to be appropriated9905€111k€-2.19M▼

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Timeline · acts, filings and financial milestones

All 22Financial 7Gazette 5Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet €-2.19M ▼981%

Net result drops to €-2.19M, the lowest in the series.

12-12

State Gazette act Director changes

v3.2

25-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Equity above €5MEq €5.92M ▲82.3%

5 profitable years in a row build equity to €5.92M.

26-09

State Gazette act Minor change

v3.2

26-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2019net €2.27M ▲31.3%

Operating result €2.65M, net result €2.27M, both a record.

08-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 8 days late

19-01

State Gazette act Minor change

v3.2

2022

31-12

Financial Equity above €2MEq €2.05M ▲75.7%

3 profitable years in a row build equity to €2.05M.

06-12

State Gazette act Minor change

v3.2

24-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

24-03

State Gazette act Minor change

v3.2

2021

31-12

Financial Equity above €1MEq €1.16M ▲85.5%

2 profitable years in a row build equity to €1.16M.

26-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 26 days late

2020

31-12

Financial Back to profitnet €43k

Net result €43k after one loss-making year.

31-12

Financial Equity above €500kEq €627k ▲64.1%

Equity rises from €382k to €627k.

18-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

22-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 22 days late

2018

01-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 32 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 30 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 19 acts read

About the unread acts

We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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