LE BON WAGON
ActiveSummary
LE BON WAGON has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-396k) and a net result of €-338k. Equity is shrinking by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 1544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency3▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.35 in 2024; short-term debt: 16.6% and cash: 0.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 10
Relative position
BE, all sectors
reference
Sector 10
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
-22.1%
Return on assets
-18.8%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-396k
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
59 d early
2023
58 d early
2022
56 d early
2021
60 d early
2020
60 d early
2019
53 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-338k▼ 6.7%
2024 · €-317k
2018: €77k
2019: €46k
2020: €72k
2021: €90k
2022: €-58k
2023: €-243k
2024: €-317k
2018 → 2025
Working capital
€-209k▼ 35.7%
2024 · €-154k
2018: €269k
2019: €174k
2020: €171k
2021: €261k
2022: €68k
2023: €-72k
2024: €-154k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€560k-€502k▼ 10.4%€259k▼ 48.4%€-58k€-396k▼ 584%
Operating result€-12k-€-123k▼ 920%€-194k▼ 56.7%€-250k▼ 29.0%€-258k▼ 3.2%
Net result€90k-€-58k€-243k▼ 316%€-317k▼ 30.2%€-338k▼ 6.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €258k in 2025 against €250k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.79M
Fixed assets
€1.70M ▼ 4.6%
Current assets
€89k ▲ 7.2%
Key figures and ratios
EBITDA
€-147k▲
2024 · €-159k
Cash flow
€-227k▼
2024 · €-226k
Solvency
-22.1%▼
2024 · -3.1%
Current ratio
0.30▼
2024 · 0.35
Quick ratio
0.22▼
2024 · 0.28
Debt to equity
-5.53▲
2024 · -33.30
ROA
-18.8%▼
2024 · -16.9%
Interest coverage
-1.84▲
2024 · -2.39
Debt
€2.19M▲
2024 · €1.93M
Debt ≤ 1 year
€298k▲
2024 · €237k
Debt > 1 year
€1.88M▲
2024 · €1.68M
Income taxes
€222▲
2024 · €205
Staff costs
€291k▲
2024 · €241k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.87M€1.79M▼
Fixed assets21/28€1.79M€1.70M▼
Tangible fixed assets22/27€1.48M€1.40M▼
Land and buildings22€982k€944k▼
Plant, machinery and equipment23€498k€440k▼
Furniture and vehicles24€1k€506▼
Assets under construction and advance payments27€4k€17k▲
Financial fixed assets28€302k€303k▲
Current assets29/58€83k€89k▲
Stocks and contracts in progress3€17k€23k▲
Stocks30/36€17k€23k▲
Amounts receivable within one year40/41€40k€41k▲
Trade receivables40€21k€31k▲
Other amounts receivable41€19k€10k▼
Cash at bank and in hand54/58€17k€16k▼
Deferred charges and accrued income490/1€9k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.87M€1.79M▼
Equity10/15€-58k€-396k▼
Contributions10/11€275k€275k=
Outside capital11€275k€275k=
Other1109/19€275k€275k=
Profit (loss) carried forward14€-333k€-671k▼
Amounts payable17/49€1.93M€2.19M▲
Amounts payable after more than one year17€1.68M€1.88M▲
Financial debts170/4€520k€450k▼
Other amounts payable178/9€1.16M€1.43M▲
Amounts payable within one year42/48€237k€298k▲
Current portion of amounts payable after more than one year42€68k€69k▲
Trade debts44€109k€148k▲
Suppliers440/4€109k€148k▲
Taxes, remuneration and social security45€35k€49k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€33k€46k▲
Other amounts payable47/48€25k€32k▲
Accrued charges and deferred income492/3€14k€13k▼
Income statement
Code20242025
Remuneration, social security and pensions62€241k€291k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€111k▲
Other operating charges640/8€12k€20k▲
Gross operating margin9900€94k€165k▲
Operating profit (loss)9901€-250k€-258k▼
Financial income75/76B€107€0▼
Recurring financial income75€107€0▼
Financial charges65/66B€67k€80k▲
Recurring financial charges65€67k€80k▲
Profit (loss) for the period before taxes9903€-316k€-338k▼
Income taxes67/77€205€222▲
Profit (loss) for the period9904€-317k€-338k▼
Profit (loss) for the period to be appropriated9905€-317k€-338k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-333k€-671k▼
Profit (loss) brought forward from the previous period14P€-16k€-333k▼
The notes to these accounts (11 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-338k
Net result drops to €-338k, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €90k ▲24.3%
Net result €90k, the highest in the series.
31-12
Financial
Liquidity times 21current ratio 69.39
Current ratio from 3.28 to 69.39; short-term debt falls from €75k to €4k.
31-12
Financial
Equity above €500kEq €560k ▲19%
4 profitable years in a row build equity to €560k.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Waimes · 2 establishment units since 2010
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.
route de G'hâstêr,Ovifat 504950 WaimesGround area
6,100 m²
Building footprint
491 m²
Volume, LiDAR
4,786 m³
2 parcels, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
LE BON WAGON
since 20102.190.417.178
Avenue Monbijou 34A, 4960 Malmedy
since 20212.320.102.814
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63552B0139/00X004 | Wallonia | 5,512 m² | 1 · 403 m² | 11.5 m · 3 fl. |
| 63049B0375/00T002 | Wallonia | 588 m² | 1 · 87 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesMalmedy2.320.102.814
Waimes/Weismes2.190.417.178
Similar companies · same sector, comparable size
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HANA GROUP BELGIQUE
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CUISINE 118
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SVV
BE 1009.348.346
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Huys54
BE 0454.668.296
Lichtervelde · Eq €274k
Of 446 companies in sector 10850 we hold annual accounts for 173. 103 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
Founded30-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
10850Manufacture of food products
56210Event catering
46349Wholesale of beverages, general range
46389Wholesale of other food products
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.