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CHICOBEL

Active Public limited companyfounded 1975active for 51 yearsAvenue des Sorbiers 25, 1300 WavreKBO/BCE: BE 0415.131.492 subsidiary of LEROUX SAS#7 oldest company in Walloon Brabant, Food products sector

Lifetime

20 annual accounts with figures on one time axis, 49 filings since 1977
peak €3.9m (2008)
-not published
lowest -€193,462 (2007)
-€35,899▼ €195,818
peak €1.2m (2024)
€1.1m▼ 3.1%
€601,449▼ 2.4%
peak 6.9 FTE (2007)
3 FTE▲ 7.1%
Board5 names since 2001
2 directorsGhislain Lesaffre and 1 other
Owners4 names in the annual accounts
consolidatesLEROUX SAS
Documentsfilings and deeds
25-09-202656 days late
2025financial year
Loss of €35,899Cash from €301,290 to €132,824

Key points

from the 2025 annual accounts

Result

-€35,899 -€35,899
€160,0002024-€35,9002025

From profit to loss in 2025, after a profit of €159,918 in 2024.

Staff

3 FTE from 6.9 in 2007

Between 2007 and 2025, 57% of the full-time equivalents disappeared.

Filings

49 annual accounts since 1977
AprilJune31 JulyOctober1980199520102025

Two of the last ten came late. The 2024 accounts came latest: 217 days after the end of the period.

Checked score

81
Excellent
Financially stronger than 43% of micro companies in food products (NACE 10)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.1% across 3,080 companies (NACE 10, micro).

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2%lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%▲ +0.1 percentage points vs 08-2025 10-2025: 1.0%▲ +0.4 percentage points vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.3%▲ +0.3 percentage points vs 11-2025 01-2026: 2.5%▲ +1.2 percentage points vs 12-2025 02-2026: 2.5%● unchanged vs 01-2026 03-2026: 2.5%● unchanged vs 02-2026highest value 04-2026: 0.3%▼ -2.2 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026

Financial strength
Average

90=equity 65.3% of total assets
44-12short-term debt 34.7% · cash 7.7%
32-28return on assets -2.1%

Score breakdown

raises risk
Last filed accounts filed 56 days late; 2 of the last 3 accounts late
Sector: Manufacture of food products (NACE 10)
Loss of €35,899 (financial year 2025)
lowers risk
Founded in 1975
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, micro). It does better than 78% of them on solvency, 37% on liquidity, 23% on profitability and 34% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 12,322 companies had the same profile as CHICOBEL has now. Each dot stands for 31 companies, two years later.

90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.5% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CHICOBEL itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 12,322 companies, not a prediction for CHICOBEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €90,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.43 (2.46 in 2024), above the usual 1.5. Short-term debt is 34.7% and cash 7.7% of total assets. 34.7% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 56 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 1975
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
raises risk · Loss of €35,899 (financial year 2025)
NBB · annual accounts
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
56 days late
2024
217 days late
2023
27 days early
2022
12 days early
2021
20 days early
2020
19 days early
2019
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 accounts filed within 68 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

GL
Managing director
LG
LESAFFRE GHISLAINE
Director, since 01-11-2022
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0415131492
Amendment of the articles General meeting of 21-12-2023 · Gazette deed
1 director appointed, 2 resignations Resignations: Olivier Hermand (managing director) and LEROUX · Permanent representative: Lucie DUMORTIER · Appointment: Ghislain Lesaffre (managing director) · General meeting of 27-10-2022 · Gazette deed
2 directors appointed, 2 reappointments Appointments: LEROUX and Olivier HERMAND (managing director) · Reappointments: LEROUX and Olivier HERMAND (managing director) · Permanent representative: Lucie DUMORTIER · General meeting of 07-05-2020 · Gazette deed
All 63 events

Comparable companies

same main activity, similar in size and age
Company
CHICOBEL Wavre €1.7m €450,803 65.3% 3
Firma R. en J. Leysen Wommelgem €1.6m €548,783 47.3% 3.3
NATUURSOEP Arendonk €1.4m €416,792 60.1% 4.1
Laboratorium Cosdam - Laboratoire Cosdam Wijnegem €1.9m €264,558 85.1% 3.3
F.M.A. Stabroek €0.9m €412,377 30.7% 3.1
MYXED Erpe-Mere €2.0m €947,118 48.7% 2.8
Maspa Antwerp €0.9m €234,818 70.9% 5.2

These companies have the same main activity as CHICOBEL: manufacture of food products (NACE 10890). They are comparable in size and age: total assets between €877,000 and €2m, founded between 1968 and 1990.

Official details

Source: KBO
Status
Active since 30-05-1975Normal situation
Activity
Manufacture of food productsNACE 10890
Joint committees
219Technical inspection and conformity assessment
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.011.659.9371300 Wavre, since 26-02-2001
Financial year end
31 December
Peppol
Reachable since 16-12-2025
Company details

Annual accounts 2025

≈ €1.1mestimated
€1.7m▼ 2.9%
Filing
Filed on 25-09-2026
Financials

Insights on CHICOBEL

CHICOBEL has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€35,899.

Equity grew by about 3.5% per year on average since 2018. In 2025 it fell by 3.1%. Its solvency ranks better than 79% of 792 sector peers (NACE 10, financial year 2025).

The computed 12-month bankruptcy probability is 0.5% (very low).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about CHICOBEL

What is the company number of CHICOBEL?
The company number of CHICOBEL is 0415.131.492. The VAT number is the same number with BE in front: BE 0415.131.492.
Where is CHICOBEL based?
The registered office is at Avenue des Sorbiers 25, 1300 Wavre.Company details
What does CHICOBEL do?
According to the KBO register, the main activity is manufacture of food products (NACE 10890).
What is the legal form of CHICOBEL?
CHICOBEL is a public limited company (NV).
When was CHICOBEL founded?
CHICOBEL was founded on 30-05-1975.
Is CHICOBEL still active?
Yes, CHICOBEL is an active enterprise in the KBO register.
How many employees does CHICOBEL have?
CHICOBEL had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does CHICOBEL fall under?
In its 2025 annual accounts, CHICOBEL states joint committees 219 (Technical inspection and conformity assessment) and 200 (Auxiliary committee for white-collar workers).
What is the turnover of CHICOBEL?
The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €450,803 and 2,275 comparable companies of the same size. It probably lies between €640,000 and €1.8m. It is a rough estimate. In financial year 2022 turnover was €2.4m.
Is CHICOBEL profitable?
In financial year 2025, CHICOBEL made a loss of €35,899.
Where can I find the annual accounts of CHICOBEL?
CHICOBEL filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CHICOBEL due?
CHICOBEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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