LIGNA RECTA
ActiveLIGNA RECTA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €221k and a net result of €7k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 26057 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability16▲+15
Solvency26▲+9
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days only on tighter terms
Liquidity short (current ratio 0.58 against 0.63 in 2023), and 75.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 47
Relative position
BE, all sectors
reference
Sector 47
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
76 d late
2023
28 d late
2022
71 d late
2021
134 d late
2020
111 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€221k▲ 2.8%
2023 · €215k
2018: €46k
2019: €-58k
2020: €127k
2021: €191k
2022: €214k
2023: €215k
2018 → 2024
Total assets
€913k▼ 14.4%
2023 · €1.07M
2018: €2.48M
2019: €2.36M
2020: €1.43M
2021: €2.48M
2022: €1.56M
2023: €1.07M
2018 → 2024
Net result
€7k▲ 2,169%
2023 · €306
2018: €-16k
2019: €-104k
2020: €185k
2021: €64k
2022: €23k
2023: €306
2018 → 2024
Working capital
€-213k▼ 1.8%
2023 · €-209k
2018: €-618k
2019: €-590k
2020: €-246k
2021: €-213k
2022: €-211k
2023: €-209k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€127k-€191k▲ 50.6%€214k▲ 12.0%€215k▲ 0.1%€221k▲ 2.8%
Operating result€237k-€79k▼ 66.8%€41k▼ 47.5%€17k▼ 60.1%€36k▲ 115%
Net result€185k-€64k▼ 65.2%€23k▼ 64.2%€306▼ 98.7%€7k▲ 2,169%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 115% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €913k
Fixed assets
€624k▼ 11.9%
Current assets
€289k▼ 19.3%
Equity and liabilities €913k
Equity
€221k▲ 2.8%
Provisions
€7k=
Debt
€685k▼ 18.9%
The debt ratio falls from 79.2% to 75.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€122k▲
2023 · €106k
Cash flow
€93k▲
2023 · €90k
Solvency
24.2%▲
2023 · 20.1%
Current ratio
0.58▼
2023 · 0.63
Quick ratio
0.58▲
2023 · 0.42
Debt / equity
3.10▼
2023 · 3.93
ROE
3.1%▲
2023 · 0.1%
ROA
0.8%▲
2023 · 0.0%
Interest coverage
4.32▼
2023 · 7.42
Debt
€685k▼
2023 · €844k
Debt ≤ 1 year
€502k▼
2023 · €567k
Debt > 1 year
€181k▼
2023 · €247k
Income taxes
€7k▲
2023 · €7k
Staff costs
€78k▼
2023 · €125k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.07M€913k▼
Fixed assets21/28€708k€624k▼
Tangible fixed assets22/27€707k€623k▼
Land and buildings22€594k€562k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€55k€28k▼
Other tangible fixed assets26€56k€31k▼
Financial fixed assets28€770€770=
Current assets29/58€358k€289k▼
Stocks and contracts in progress3€122k€0▼
Stocks30/36€12k€0▼
Contracts in progress37€110k€0▼
Amounts receivable within one year40/41€162k€163k▲
Trade receivables40€162k€163k▲
Other amounts receivable41€106€0▼
Cash at bank and in hand54/58€64k€119k▲
Deferred charges and accrued income490/1€11k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€913k▼
Equity10/15€215k€221k▲
Contributions10/11€62k€62k=
Reserves13€6k€13k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133-€7k
Profit (loss) carried forward14€146k€146k▼
Provisions and deferred taxes16€7k€7k=
Provisions for liabilities and charges160/5€7k€7k=
Major repairs and maintenance162€7k€7k=
Amounts payable17/49€844k€685k▼
Amounts payable after more than one year17€247k€181k▼
Financial debts170/4€247k€181k▼
Amounts payable within one year42/48€567k€502k▼
Current portion of amounts payable after more than one year42€70k€66k▼
Financial debts43€200k€200k=
Credit institutions430/8€200k€200k=
Trade debts44€7k€23k▲
Suppliers440/4€7k€23k▲
Advances received on contracts in progress46€243k€0▼
Taxes, remuneration and social security45€45k€9k▼
Taxes450/3€28k€8k▼
Remuneration and social security454/9€17k€1k▼
Other amounts payable47/48€3k€204k▲
Accrued charges and deferred income492/3€30k€2k▼
Income statement
Code20232024
Non-recurring operating income76A-€30k
Remuneration, social security and pensions62€125k€78k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€86k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€9k€9k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€240k€209k▼
Operating profit (loss)9901€17k€36k▲
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€14k€28k▲
Recurring financial charges65€14k€28k▲
Profit (loss) for the period before taxes9903€7k€14k▲
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€306€7k▲
Profit (loss) for the period to be appropriated9905€306€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€146k€153k▲
Profit (loss) brought forward from the previous period14P€146k€146k▲
Transfer to equity691/2-€7k
To other reserves6921-€7k
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
Social balance
Average headcount (FTE)90872.0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 76 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-12
Financial
Equity above €200kEq €214k ▲12%
3 profitable years in a row build equity to €214k.
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 134 days late
2021
31-12
Financial
Equity above €150kEq €191k ▲50.6%
2 profitable years in a row build equity to €191k.
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 111 days late
2020
31-12
Financial
Back to profitnet €185k
Net result €185k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €127k
Equity rises from €-58k to €127k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €-104k
Net result drops to €-104k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 84 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2002
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.
Van Schoonbekestraat 12018 AntwerpenGround area
360 m²
Building footprint
360 m²
Volume, LiDAR
8,027 m³
Parcel 11810K1543/00V032, Flanders · tallest building 29.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
BULTHAUP
since 20022.101.544.788
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1543/00V032 | Flanders | 360 m² | 1 · 360 m² | 29.6 m · 8 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
DE KEUKENBOULEVARD
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Makri Furniture
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Ronse · Eq €221k
ERGOFORM
BE 0886.759.746
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VJE TRADING
BE 0736.906.723
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CC Atelier
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Of 2,589 companies in sector 47551 we hold annual accounts for 1,702. 1,317 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-12-2001
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
71112Activities of interior architects
43320Joinery installation
45421
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.