Equity
-€395,602
Debts exceed assets in financial year 2025.
LE BON WAGON
Lifetime
15 annual accounts with figures on one time axispeak €190,902 (2016)
€164,645▲ 75.6%
lowest -€337,724 (2025)
-€337,724▼ €21,181
peak €560,199 (2021)
-€395,602▼ €337,724
€2.2m▲ 13.6%
peak 3.4 FTE (2012)
-not published
Board10 names since 2010
8 directorsMARCONYA and 7 others
Owners
100%ARWEM FOOD GROUP
Documentsfilings and deeds
01-06-202660 days before the deadline
2025micro format
Gross margin from €93,757 to €164,645Loss of €337,724Equity from -€57,877 to -€395,602
Key points
from the 2025 annual accountsLosses
-€955,801 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€2.2m 122% of the balance sheet
Financial debts 21%Suppliers 7%Taxes and wages 2%Other 70%
Of this, €297,935 falls due within a year.
Staff
16 employees on 31-12-2025
In 2025, 20 people joined and 15 left.
Filings
15 annual accounts since 2011
The last five annual accounts were filed 56 to 60 days before the end of the period.
Position in the sector
-€337,724
Lower net result than 95% of companies in food products. Sector median €8,162 · 1,918 companies.
Checked score
51
Fair
Financially stronger than 15% of micro companies in food products (NACE 10)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
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 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%lowest value
01-2025: 1.2%● unchanged vs 12-2024lowest value
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: 1.3%▲ +0.1 percentage points vs 05-2025
07-2025: 1.9%▲ +0.6 percentage points vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 2.0%▲ +0.1 percentage points vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.1%▲ +0.1 percentage points vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.0%▼ -0.1 percentage points vs 04-2026
06-2026: 2.1%▲ +0.1 percentage points vs 05-2026
07-2026: 2.2%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 2.2%● unchanged vs 07-2026highest value
09-2026: 2.2%● unchanged vs 08-2026highest value
10-2026: 2.2%● unchanged vs 09-2026highest value
11-2026: 2.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€395,602
Loss of €337,724, the second in a row (financial year 2025)
Sector: Manufacture of food products (NACE 10)
lowers risk
Size: total assets €1.8m
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 12% of them on solvency, 41% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 598 companies had the same profile as LE BON WAGON has now. Each dot stands for 2 companies, two years later.
83.3%
were still trading
6.0%
stopped another way
9.4%
went bankrupt
Another 1.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LE BON WAGON itself: 2.2% 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 598 companies, not a prediction for LE BON WAGON. 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
Liquidity is insufficient, with a current ratio of 0.3 (0.35 in 2024), below 1. Short-term debt is 16.6% and cash 0.9% 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 riskneutral
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 -€395,602
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 days early
2024
59 days early
2023
58 days early
2022
56 days early
2021
60 days early
2020
60 days early
2019
53 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 58 days before 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 2 June (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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VD
VAN DYCK Anita
Director, since 01-12-2023
- ARWEM FOOD GROUP 100%score 94equity €5.9m (2025) · 2025 annual accounts of ARWEM FOOD GROUP
Shares in 2 companies, LE BON SHOP EUPEN and LE BON SHOP MALMEDY
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0828163531
7 directors appointed, 2 managers resigning
Resignations: VAN DYCK Marc (manager) and VAN DYCK Dimitri (manager) · Appointments: VAN DYCK Rita, MARCONYA, VITAGEST, VAN DYCK Werner, VAN DYCK Yannick, VAN DYCK Julie and 1 other · Permanent representative: VAN DYCK Dimitri · General meeting of 01-12-2023 · Gazette deed
Registered office moved within Waimes
New registered office: Ovifat, rue de G'Hâstêr, 50 à 4950 Waimes (Région Wallonne) · Previous registered office: Ovifat-chemin du Cheneux 31, 4950 Waimes, Belgique · Board meeting of 18-08-2022 · Gazette deed
New establishment in Malmedy
Avenue Monbijou 34A
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LE BON WAGON Waimes | €1.8m | €164,645 | -22.1% | - |
| Eventica Lokeren | €1.9m | €219,832 | -2.7% | - |
| LEZIZ Ghent | €1.0m | €180,274 | 58.3% | - |
| HMCBelgium Liège | €1.0m | €283,075 | 15.5% | - |
| ETS LECLERCQS - BERNARD Flémalle | €1.1m | €217,875 | 22.6% | - |
| BOUBASUD Herstal | €2.0m | €621,412 | -6.6% | 11 |
| LC COMPANY Bruges | €0.8m | €330,430 | -5.0% | 3.8 |
These companies have the same main activity as LE BON WAGON: manufacture of food products (NACE 10850). They are comparable in size and age: total assets between €781,000 and €2m, founded between 1996 and 2016.
Official details
Source: KBO- Status
- Active since 30-07-2010Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Manufacture of food productsNACE 10850and 4 others
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment units
- 2.190.417.1784950 Waimes, since 11-08-2010
- 2.320.102.8144960 Malmedy, since 01-08-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 22-10-2025
Annual accounts 2025
- ≈ €410,000estimated
- €1.8m▼ 4.1%
- Employeeson 31-12-2025
- 16▲ 45.5%
- Filing
- Filed on 01-06-2026, 60 days before the end of the filing period
Insights on LE BON WAGON
LE BON WAGON files the micro format. That format states no turnover. The gross margin rose from €12,821 in 2011 to €164,645 in 2025.
ARWEM FOOD GROUP holds all the shares. In January 2024, the Official Gazette published the appointment of MARCONYA as managing director.
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 LE BON WAGON
- What is the company number of LE BON WAGON?
- The company number of LE BON WAGON is 0828.163.531. The VAT number is the same number with BE in front: BE 0828.163.531.
- Where is LE BON WAGON based?
- The registered office is at route de G'hâstêr,Ovifat 50, 4950 Waimes.Company details
- What does LE BON WAGON do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10850).
- What is the legal form of LE BON WAGON?
- LE BON WAGON is a private limited company (BV).
- When was LE BON WAGON founded?
- LE BON WAGON was founded on 30-07-2010.
- Is LE BON WAGON still active?
- Yes, LE BON WAGON is an active enterprise in the KBO register.
- How many employees does LE BON WAGON have?
- LE BON WAGON had an average of 10.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LE BON WAGON fall under?
- In its 2025 annual accounts, LE BON WAGON states joint committee 201 (Independent retail).
- What is the turnover of LE BON WAGON?
- The turnover in financial year 2025 is ≈ €410,000. This figure is estimated from the gross margin of €164,645 and 2,205 comparable companies of the same size. It probably lies between €270,000 and €640,000. It is a rough estimate.
- Is LE BON WAGON profitable?
- In financial year 2025, LE BON WAGON made a loss of €337,724.
- Where can I find the annual accounts of LE BON WAGON?
- LE BON WAGON filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LE BON WAGON due?
- LE BON WAGON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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