LIGNUM CONSTRUCT
ActiveSummary
LIGNUM CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €-14k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 91% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 7.43 against 10.87 in 2024; short-term debt: 13.2% and cash: 81.5% of total assets), and 13.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
86.8%
Return on assets
-18%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
19202122232425
2019 to 2025 · latest year €-14k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
22 d early
2024
31 d early
2023
33 d early
2022
31 d early
2021
27 d early
2020
36 d early
2019
31 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€69k▼ 41.0%
2024 · €117k
2019: €46k
2020: €107k
2021: €69k
2022: €92k
2023: €132k
2024: €117k
2019 → 2025
Total assets
€80k▼ 38.0%
2024 · €129k
2019: €73k
2020: €176k
2021: €108k
2022: €137k
2023: €141k
2024: €129k
2019 → 2025
Net result
€-14k▲ 3.9%
2024 · €-15k
2019: €34k
2020: €61k
2021: €-39k
2022: €23k
2023: €41k
2024: €-15k
2019 → 2025
Working capital
€68k▼ 39.8%
2024 · €113k
2019: €40k
2020: €87k
2021: €53k
2022: €79k
2023: €123k
2024: €113k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€92k▲ 33.5%€132k▲ 44.4%€117k▼ 11.3%€69k▼ 41.0%
Operating result€-37k-€26k€55k▲ 111%€-14k€-14k▲ 4.8%
Net result€-39k-€23k€41k▲ 76.8%€-15k€-14k▲ 3.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €14k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€1k ▼ 69.0%
Current assets
€78k ▼ 36.9%
Equity and liabilities €80k
Equity
€69k ▼ 41.0%
Debt
€11k ▼ 7.6%
Debt's share of the balance-sheet total rises from 8.9% to 13.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2024 · €-10k
Cash flow
€-11k▼
2024 · €-10k
Current ratio
7.43▼
2024 · 10.87
Debt to equity
0.15▲
2024 · 0.10
ROE
-20.8%▼
2024 · -12.8%
ROA
-18.0%▼
2024 · -11.6%
Interest coverage
-14.59▲
2024 · -15.66
Debt ≤ 1 year
€11k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€129k€80k▼
Fixed assets21/28€5k€1k▼
Tangible fixed assets22/27€5k€1k▼
Plant, machinery and equipment23€2k€496▼
Furniture and vehicles24€3k€935▼
Current assets29/58€124k€78k▼
Amounts receivable within one year40/41€4k€13k▲
Trade receivables40€2k€12k▲
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€120k€65k▼
Equity and liabilities
Total equity and liabilities10/49€129k€80k▼
Equity10/15€117k€69k▼
Contributions10/11€12k€12k=
Reserves13€120k€86k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€118k€86k▼
Profit (loss) carried forward14€-15k€-29k▼
Amounts payable17/49€11k€11k▼
Amounts payable within one year42/48€11k€11k▼
Trade debts44€730€312▼
Suppliers440/4€730€312▼
Taxes, remuneration and social security45€3k€69▼
Taxes450/3€3k€69▼
Other amounts payable47/48€8k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€577€593▲
Gross operating margin9900€-9k€-10k▼
Operating profit (loss)9901€-14k€-14k▲
Financial income75/76B€1€7▲
Recurring financial income75€1€7▲
Financial charges65/66B€617€719▲
Recurring financial charges65€617€719▲
Profit (loss) for the period before taxes9903€-15k€-14k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-15k€-14k▲
Profit (loss) for the period to be appropriated9905€-15k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-29k▼
Profit (loss) brought forward from the previous period14P€0€-15k▼
Transfer from equity791/2-€34k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€34k
Return on contributions (dividend)694-€34k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 14.53
Current ratio from 2.74 to 14.53; short-term debt falls from €45k to €9k.
31-12
Financial
Equity above €100kEq €132k ▲44.4%
2 profitable years in a row build equity to €132k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-39k ▼163%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €61k ▲81.8%
Operating result €85k, net result €61k, both a record.
31-12
Financial
Equity above €100kEq €107k ▲133%
2 profitable years in a row build equity to €107k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 2018
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.
Zeventorensstraat 1198310 BruggeGround area
449 m²
Building footprint
124 m²
Volume, LiDAR
736 m³
Parcel 31434C0365/00K002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lignum Construct Homes
since 20182.276.277.026
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0365/00K002 | Flanders | 449 m² | 1 · 124 m² | 8.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 71 EUR awarded · 71 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 71 EUR | 71 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
BOSSAERTS
BE 0459.196.911
Ranst · Eq €69,210
VERPAELST & CO
BE 0803.948.371
Pajottegem · Eq €69,252
ARTISABOIS
BE 0819.374.935
Walhain · Eq €69,261
DV Interieur
BE 0732.622.687
Merksplas · Eq €69,271
Carpentarius
BE 0761.584.414
Wuustwezel · Eq €69,275
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,615 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
25110Manufacture of metal structures and parts of structures
41001General construction of residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
43120Site preparation
43230Insulation installation
43240Other construction installation
43332Laying of wooden floor and wall coverings
43910Bricklaying and masonry work
43990Other specialised construction activities
71111Activities of building architects
77110Renting and leasing of cars and light motor vehicles
77210Renting and leasing of sports and recreation goods
77340Rental and leasing activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.