Result
-€141,162 -€141,162
From profit to loss in 2026, after a profit of €132,854 in 2025.
L.G.F.
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €680,423 (2019)
€153,017▼ 51.1%
lowest -€141,162 (2026)
-€141,162▼ €274,015
peak €1.2m (2025)
€1.0m▼ 12.0%
€1.5m▲ 61.8%
peak 7.5 FTE (2023)
2 FTE▼ 33.3%
Board3 names since 2003
3 directorsDEVEUX Jo Jules Gaby and 2 others
Documentsfilings and deeds
30-10-20261 days before the deadline
2026abbreviated format
Gross margin from €312,753 to €153,017Loss of €141,162Staff from 3 FTE to 2 FTEDebts from €940,891 to €1.5mInvestments €1.2m
Key points
from the 2026 annual accountsDebts
€1.5m ▲ 61.8%
Debts rose by €581,361 in 2026.
Investments
€1.2m 32.6 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 282169.8% higher than in 2025.
Staff
2 FTE from 7.5 in 2023
Between 2023 and 2026, 73% of the full-time equivalents disappeared.
Liquidity
0.95 was 2.31 in 2025
Short-term debts rose from €885,576 to €1.3m.
Position in the sector
-€141,162
Lower net result than 95% of companies in wholesale trade. Sector median €39,148 · 460 companies.
Checked score
84
Excellent
Financially stronger than 33% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,900 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: 0.1%▲ +0.1 percentage points vs 09-2025
11-2025: 0.2%▲ +0.1 percentage points vs 10-2025
12-2025: 0.1%▼ -0.1 percentage points vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €141,162 (financial year 2026)
lowers risk
Figures for financial year 2026 (filed on 30-10-2026)
Founded in 2003
Size: 2 FTE, total assets €2.6m
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 46, micro). It does better than 49% of them on solvency, 35% on liquidity, 22% on profitability and 24% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-03-2026.
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 L.G.F. 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
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of L.G.F. itself: 0.3% 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 12,322 companies, not a prediction for L.G.F.. 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 €85,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.95 (2.31 in 2025), below 1. Short-term debt is 52.1% and cash 11.3% of total assets. 59.9% 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 riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-10-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
1 day early
2025
on the day
2024
1 day early
2023
1 day early
2022
4 days early
2021
4 days early
2020
27 days late
← 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 2 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (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
06-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw of aanleggen · Tongeren-Borgloon
Appointment: Deveux Jurgen (director)
General meeting of 01-01-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0480036370
Change of role: DEVEUX Jo Jules Gaby, from manager to director
Appointment: VANDERSMISSEN Natalie Hubertine Andrea (director) · Director discharge: DEVEUX Jo Jules Gaby · General meeting of 20-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| L.G.F. Tongeren-Borgloon | €2.6m | €153,017 | 40.1% | 2 |
| ATIMEX IMPORT-EXPORT Virton | €4.1m | €207,974 | 3.8% | 2 |
| 'T SPRUITJE Hasselt | €1.8m | €146,059 | 5.2% | 2.3 |
| RAGO FRUIT Wellen | €2.7m | €151,655 | 11.7% | 1.4 |
| WHITE GOBLIN INT. Wingene | €1.8m | €258,956 | 66.2% | 3.4 |
| BRUWIER POTATOES Waregem | €2.7m | €124,099 | 13.3% | 1 |
| Produce Services Europe Essen | €1.1m | €77,917 | 6.2% | 2 |
These companies have the same main activity as L.G.F.: wholesale of fruit and vegetables, excluding potatoes (NACE 46319). They are comparable in size and age: total assets between €1.1m and €4.1m, founded between 1995 and 2011.
Official details
Source: KBO- Status
- Active since 15-04-2003Normal situation
- Activity
- Wholesale of fruit and vegetables, excluding potatoesNACE 46319and 2 others
- Establishment units
- 2.133.623.2823540 Herk-de-Stad, since 31-03-2003
- 2.212.377.7803540 Herk-de-Stad, since 01-09-2012
- Financial year end
- 31 March
- Peppol
- Reachable since 02-12-2024
Annual accounts to 31-03-2026
- ≈ €1.1mestimated
- €2.6m▲ 19.3%
- Employeeson 31-03-2026
- 2▲ 100%
- Filing
- Filed on 30-10-2026, 1 day before the end of the filing period
Insights on L.G.F.
L.G.F. files the abbreviated format. That format states no turnover. The gross margin rose from €15,001 in 2007 to €153,017 in 2026.
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.G.F.
- What is the company number of L.G.F.?
- The company number of L.G.F. is 0480.036.370. The VAT number is the same number with BE in front: BE 0480.036.370.
- Where is L.G.F. based?
- The registered office is at Kernielerveld 7, 3840 Tongeren-Borgloon.Company details
- What does L.G.F. do?
- According to the KBO register, the main activity is wholesale of fruit and vegetables, excluding potatoes (NACE 46319).
- What is the legal form of L.G.F.?
- L.G.F. is a private limited company (BV).
- When was L.G.F. founded?
- L.G.F. was founded on 15-04-2003.
- Is L.G.F. still active?
- Yes, L.G.F. is an active enterprise in the KBO register.
- How many employees does L.G.F. have?
- L.G.F. had an average of 2 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- What is the turnover of L.G.F.?
- The turnover in financial year 2026 is ≈ €1.1m. This figure is estimated from the gross margin of €153,017 and 34 comparable companies (NACE 463). It probably lies between €440,000 and €2.1m.
- Is L.G.F. profitable?
- In financial year 2026, L.G.F. made a loss of €141,162.
- Where can I find the annual accounts of L.G.F.?
- L.G.F. filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of L.G.F. due?
- L.G.F. must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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