Deficits
-€16,679 in two years
The 2024 and 2025 financial years closed with a deficit. 2024 was the heaviest.
Le Chemin Vert
Lifetime
18 annual accounts with figures on one time axis, 20 filings since 2006peak €6.6m (2025)
€6.6m▲ 6.0%
lowest -€65,076 (2008)
-€557▲ €15,565
peak €655,194 (2025)
€655,194▲ 11.6%
€1.9m▲ 7.2%
peak 95.5 FTE (2024)
94.6 FTE▼ 0.9%
Board9 names since 2017
5 directorsJoel Larcin and 4 others
Documentsfilings and deeds
27-07-20264 days before the deadline
2025financial year
Loss of €5571 director appointed, 3 resignations 01-08
Key points
from the 2025 annual accountsDebts
€1.9m 74% of the balance sheet
Financial debts 30%Suppliers 2%Taxes and wages 49%Other 19%
€453,788 of the debts are secured on the company's own assets. In 2024 that was €335,524.
Staff
105 employees on 31-12-2025
In 2025, 48 people joined and 47 left.
Filings
20 annual accounts since 2006
The last five annual accounts were filed 4 to 22 days before the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 07-08-2026 · 5 in office.
Public support
€23.4m paid from 2021 to 2025
Wallonia-Brussels support, mostly Subventions aux services résidentiels et aux services qui mettent en œuvre un projet éducatif particulier.
Checked score
94
Excellent
Financially stronger than 55% of medium-sized companies in residential care (NACE 87)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 536 companies (NACE 87, medium-sized).
Fewer than 1 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 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
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%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged 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 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
lowers risk
Legal form: non-profit association
Sector: Residential care activities (NACE 87)
Liquidity: current ratio 0.94, cash €582,680
Founded in 1969
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 87, medium-sized). It does better than 27% of them on solvency, 63% on liquidity, 52% on profitability and 80% 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 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, 371 companies had the same profile as Le Chemin Vert has now. Each dot is one company, two years later.
97.3%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
That fits the bankruptcy probability of Le Chemin Vert itself: < 0.1% 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 371 companies, not a prediction for Le Chemin Vert. 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 €60,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.94 (0.75 in 2024), below 1. Short-term debt is 45.5% and cash 22.7% of total assets. 74.5% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
16 days early
2023
22 days early
2022
20 days early
2021
17 days early
2020
32 days early
2019
35 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 21 days before the deadline. In the sector (NACE 87), the median for financial year 2024 was 27 days before the deadline, and 25% 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 14 July (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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0409942685
Resignation: Jean Furnémont (member and director)
Appointment: Delphine Alvez Da Cruz (director) · General meeting of 30-06-2026 · Gazette deed
1 director appointed, 3 resignations
Withdrawals: Marc Puissant (member) and Etienne Marlier (member) · Resignations: Marc Puissant, Etienne Marlier and Valérie Wiels · Appointment: Jean Furnémont · General meeting of 24-06-2025 · Gazette deed
Reappointment: Valérie WIELS (director)
General meeting of 17-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Le Chemin Vert Chimay | €2.6m | €6.6m | 25.5% | 94.6 |
| Maison Notre-Dame des Anges Mouscron | €1.6m | €5.7m | 19.2% | 82.6 |
| Libre-Parcours, association rationaliste Ecaussinnes | €1.8m | €4.9m | 50.2% | 74.2 |
| SAINTE ADELINE Liège | €3.4m | €6.3m | 60.0% | 82.4 |
| AMARRAGE Ottignies-Louvain-la-Neuve | €3.0m | €5.3m | 5.6% | 70.9 |
| Les Gentianes Mons | €2.3m | €4.9m | 32.7% | 63 |
| Centre régional d'Education et de Services Mons | €5.0m | €5.5m | 6.4% | 75 |
These companies have the same main activity as Le Chemin Vert: residential care activities (NACE 87991). They are comparable in size and age: total assets between €1.6m and €5m, founded between 1967 and 1975.
Official details
Source: KBO- Status
- Active since 24-02-1969Normal situation
- Activity
- Residential care activitiesNACE 87991
- Joint committee
- 319.02Educational and residential institutions · annual accounts 2023
- Establishment unit
- 2.153.747.8146460 Chimay, since 24-02-1969
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €8.0mestimated
- €2.6m▲ 8.3%
- Employeeson 31-12-2025
- 105▲ 1.9%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on Le Chemin Vert
Le Chemin Vert has existed since 1969. The gross margin grew from €2.8m in 2008 to €6.6m in 2025 and staff from 64.9 to 94.6 full-time equivalents.
The gross margin has grown every year since 2017.
In August 2025, three directors stepped down.
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 Chemin Vert
- What is the company number of Le Chemin Vert?
- The company number of Le Chemin Vert is 0409.942.685. The VAT number is the same number with BE in front: BE 0409.942.685.
- Where is Le Chemin Vert based?
- The registered office is at Chaussée de Couvin 36, 6460 Chimay.Company details
- What does Le Chemin Vert do?
- According to the KBO register, the main activity is residential care activities (NACE 87991).
- What is the legal form of Le Chemin Vert?
- Le Chemin Vert is a non-profit association (VZW).
- When was Le Chemin Vert founded?
- Le Chemin Vert was founded on 24-02-1969.
- Is Le Chemin Vert still active?
- Yes, Le Chemin Vert is an active enterprise in the KBO register.
- How many employees does Le Chemin Vert have?
- Le Chemin Vert had an average of 94.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Le Chemin Vert fall under?
- In its 2023 annual accounts, Le Chemin Vert states joint committee 319.02 (Educational and residential institutions).
- What is the turnover of Le Chemin Vert?
- The turnover in financial year 2025 is ≈ €8.0m. This figure is estimated from the gross margin of €6.6m and 103 comparable companies (NACE 87). It probably lies between €6.8m and €9.0m. In financial year 2019 turnover was €3,000.
- Is Le Chemin Vert profitable?
- In financial year 2025, Le Chemin Vert made a loss of €557.
- Where can I find the annual accounts of Le Chemin Vert?
- Le Chemin Vert filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Le Chemin Vert due?
- Le Chemin Vert must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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