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LIGNUM CONCEPT

Active
Private limited companyfounded 20242 yrs activeRue Joseph Tamigniau(B) 52, 7300 Boussu, BelgiumKBO/BCE: BE 1007.264.727
Summary

The computed 12-month bankruptcy probability of LIGNUM CONCEPT is 5.5% (elevated). The 2024 annual accounts show negative equity (-€2,945) and a net result of -€8,945. Its solvency ranks better than 8% of 36381 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability0
Solvency12
Growth-
Track record67
Bankruptcy probability, 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84; short-term debt: 97.7% and cash: 31.5% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-13%
Return on assets
-39.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 1 filing
Deviation from the deadline
2024
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 26 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 18 March 2024, LIGNUM CONCEPT was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€2,945
Total assets
€22,676
Net result
-€8,945
Working capital
-€3,643

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €22,676
Fixed assets €4,155
Current assets €18,521
Key figures and ratios
2024 value
EBITDA
-€7,765
Cash flow
-€8,405
Solvency
-13.0%
Current ratio
0.84
Quick ratio
0.79
Debt to equity
-8.70
ROA
-39.4%
Interest coverage
-12.12
Debt
€25,621
Debt ≤ 1 year
€22,164
Debt > 1 year
€3,457
Staff costs
€40,814

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 5.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 7,638 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
Filed annual accounts As filed with the NBB · 2024 · 39 lines
Balance sheet Code2024
Assets
Total assets20/58€22,676
Fixed assets21/28€4,155
Tangible fixed assets22/27€4,155
Plant, machinery and equipment23€2,618
Furniture and vehicles24€1,537
Current assets29/58€18,521
Stocks and contracts in progress3€950
Stocks30/36€950
Amounts receivable within one year40/41€9,744
Trade receivables40€9,026
Other amounts receivable41€718
Cash at bank and in hand54/58€7,137
Deferred charges and accrued income490/1€690
Equity and liabilities
Total equity and liabilities10/49€22,676
Equity10/15-€2,945
Contributions10/11€6,000
Profit (loss) carried forward14-€8,945
Amounts payable17/49€25,621
Amounts payable after more than one year17€3,457
Financial debts170/4€3,457
Amounts payable within one year42/48€22,164
Current portion of amounts payable after more than one year42€2,462
Trade debts44€18,876
Suppliers440/4€18,876
Taxes, remuneration and social security45€826
Remuneration and social security454/9€826
Income statement Code2024
Remuneration, social security and pensions62€40,814
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€540
Other operating charges640/8€580
Gross operating margin9900€33,629
Operating profit (loss)9901-€8,304
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€641
Recurring financial charges65€641
Profit (loss) for the period before taxes9903-€8,945
Profit (loss) for the period9904-€8,945
Profit (loss) for the period to be appropriated9905-€8,945
Appropriation of the result
Profit (loss) to be appropriated9906-€8,945

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€40,814
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€540
Other operating charges640/8€580
Gross operating margin9900€33,629
Operating profit (loss)9901-€8,304
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€641
Recurring financial charges65€641
Profit (loss) for the period before taxes9903-€8,945
Profit (loss) for the period9904-€8,945
Profit (loss) for the period to be appropriated9905-€8,945
Line2024
Assets
Total assets20/58€22,676
Fixed assets21/28€4,155
Tangible fixed assets22/27€4,155
Plant, machinery and equipment23€2,618
Furniture and vehicles24€1,537
Current assets29/58€18,521
Stocks and contracts in progress3€950
Stocks30/36€950
Amounts receivable within one year40/41€9,744
Trade receivables40€9,026
Other amounts receivable41€718
Cash at bank and in hand54/58€7,137
Deferred charges and accrued income490/1€690
Equity and liabilities
Total equity and liabilities10/49€22,676
Equity10/15-€2,945
Contributions10/11€6,000
Profit (loss) carried forward14-€8,945
Amounts payable17/49€25,621
Amounts payable after more than one year17€3,457
Financial debts170/4€3,457
Amounts payable within one year42/48€22,164
Current portion of amounts payable after more than one year42€2,462
Trade debts44€18,876
Suppliers440/4€18,876
Taxes, remuneration and social security45€826
Remuneration and social security454/9€826
Line2024
Profit (loss) for the period9904-€8,945
+ Depreciation and write-downs630€540
Operating cash flow (approximation)-€8,405

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
26-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Boussu · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,287 m²
Building footprint
82 m²
Volume, LiDAR
552 m³
Parcel 53014C0186/00L000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIGNUM CONCEPT
Rue Joseph Tamigniau(B) 52, 7300 BoussuSpecialised construction activities
since 20242.357.693.777
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53014C0186/00L000 Wallonia 1,286 m² 1 · 82 m² 8.0 m · 2 fl.
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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded18-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43230Insulation installation
43343Specialised construction activities
43410Roofing work
81100Combined facilities support activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007264727
Also 9925:BE1007264727
Registered 24-04-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.