Equity
-€74,488
Debts exceed assets in financial year 2025.
L'AUBADE MATINALE
Lifetime
16 annual accounts with figures on one time axispeak €16,972 (2022)
€10,383▲ €11,039
lowest -€45,852 (2010)
-€7,220▲ €10,933
peak -€38,627 (2011)
-€74,488▼ €7,220
€304,508▼ 1.4%
Board1 name since 2010
1 directorLEBACQ Thierry
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Gross margin from -€657 to €10,383Loss of €7,220
Key points
from the 2025 annual accountsLosses
-€25,530 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€304,508 132% of the balance sheet
2025 accounts filed 31 days after the deadline
Checked score
53
Fair
Financially stronger than 13% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%lowest value
01-2025: 1.2%▲ +0.1 percentage points vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.2 percentage points vs 06-2025
08-2025: 2.0%▲ +0.6 percentage points vs 07-2025
09-2025: 1.5%▼ -0.5 percentage points vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.7%▲ +0.2 percentage points vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.8%▲ +0.1 percentage points vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.7%▼ -0.1 percentage points vs 04-2026
06-2026: 1.8%▲ +0.1 percentage points vs 05-2026
07-2026: 1.8%● unchanged vs 06-2026
08-2026: 2.8%▲ +1.0 percentage point vs 07-2026highest value
09-2026: 1.6%▼ -1.2 percentage points vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquiditeit niet neergelegd
Negative equity -€74,488
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €230,020
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 (no NACE code, micro). It does better than 5% of them on solvency, 1% on liquidity, 21% on profitability and 24% on growth.
The bankruptcy probability was computed on 06-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 2,333 companies had the same profile as L'AUBADE MATINALE has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of L'AUBADE MATINALE itself: 1.6% 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.
| 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 2,333 companies, not a prediction for L'AUBADE MATINALE. 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
No credit on open account
Short-term debt is 132.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€74,488
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 days late
2024
27 days late
2023
28 days late
2022
30 days late
2021
18 days late
2020
32 days late
2019
391 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 80 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered-office move
General meeting of 21-06-2020 · Gazette deed
First establishment
Rue Jean Schyns 89, La Louvière
Incorporation
published on 23-04-2009 · Gazette deed
Official details
Source: KBO- Status
- Active since 14-04-2009Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.309.544.8587100 La Louvière, since 01-09-2010
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on L'AUBADE MATINALE
L'AUBADE MATINALE has existed since 2009. The gross margin grew from €1,431 in 2010 to €10,383 in 2025.
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 L'AUBADE MATINALE
- What is the company number of L'AUBADE MATINALE?
- The company number of L'AUBADE MATINALE is 0811.148.642. The VAT number is the same number with BE in front: BE 0811.148.642.
- Where is L'AUBADE MATINALE based?
- The registered office is at Rue Jean Schyns 89, 7100 La Louvière.Company details
- What is the legal form of L'AUBADE MATINALE?
- L'AUBADE MATINALE is a private limited company (pre-2019) (BVBA).
- When was L'AUBADE MATINALE founded?
- L'AUBADE MATINALE was founded on 14-04-2009.
- Is L'AUBADE MATINALE still active?
- Yes, L'AUBADE MATINALE is an active enterprise in the KBO register.
- What is the turnover of L'AUBADE MATINALE?
- The turnover in financial year 2025 is ≈ €70,000. This figure is estimated from the gross margin of €10,383 and 2,720 comparable companies of the same size. It probably lies between €29,000 and €180,000. It is a rough estimate.Financials
- Is L'AUBADE MATINALE profitable?
- In financial year 2025, L'AUBADE MATINALE made a loss of €7,220.
- Where can I find the annual accounts of L'AUBADE MATINALE?
- L'AUBADE MATINALE filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of L'AUBADE MATINALE due?
- L'AUBADE MATINALE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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