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LE CYGNE BLANC

Active
Public limited companyfounded 1990active for 35 yearsRue de l'Hôtel de Ville 8, 4900 Spa, BelgiumKBO/BCE: BE 0442.860.428
Summary

LE CYGNE BLANC has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,779 and a net result of €14,396. Equity has been growing by about 52% per year since 2018. Its solvency ranks better than 54% of 1,899 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

Source: KBO
Status
Active since 28-12-1990 Normal situation
Activity
Manufacture of food products NACE 10520and 1 other
Joint committees
220 Paritair Comité voor de bedienden uit de voedingsnijverheid
118 Paritair Comité voor de voedingsnijverheid · annual accounts 2022
Establishment unit
2.051.426.571 4900 Spa, since 08-02-1991
Financial year end
31 December
Peppol
Reachable since 06-10-2025

Board and ownership

Board
Shareholders
  • CHRISTOPHE VERTCOURannual accounts 2017
  • LAURENT MINGUETannual accounts 2017
  • JOSETTE DELCOURannual accounts 2017

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€98,349
▲ 3.8%
Turnover
≈ €300,000
estimated
Profit
€14,396
▲ 21.3%
Equity
€30,779
▲ 87.9%
Total assets
€87,631
▲ 88.7%
Employees on 31-12-2025
2
=
Filed on 21-05-2026, 71 days before the deadline
Score breakdownraises riskSector: Manufacture of food products (NACE 10)Size: total assets €87,631lowers riskFounded in 1990Figures for financial year 2025 (filed on 21-05-2026)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 66% of micro companies in food products (NACE 10)
Financial strength · tick: 2024
Strong
Solvency 60=
equity 35.1% of total assets
Liquidity 44+12
short-term debt 38.7% · cash 9.9%
Profitability 89-11
return on assets 16.4%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,081 companies, NACE 10, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025highest value 05-2025: 0.3%▼ -0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025lowest value 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026lowest value 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.4%▲ +0.1 percentage points vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.27 (1.19 in 2024), below the usual 1.5. Short-term debt is 38.7% and cash 9.9% of total assets. 64.9% of the assets are financed with debt and provisions.
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 53% of them on solvency, 38% on liquidity, 82% on profitability and 91% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
lowers risk · Founded in 1990
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 · Size: total assets €87,631
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 21-05-2026)
NBB · annual accounts
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
71 days early
2024
118 days early
2023
22 days early
2022
25 days late
2021
24 days late
2020
6 days late
2019
68 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 13 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 10 July (4 of the last 5 accounts filed within 50 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 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

Recent changes

  1. · Gazette deed Reappointments: BUENDIA AULET Isabelle, VERTCOUR Christophe and Invest Minguet GestionPermanent representative: MINGUET Laurent
  2. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as LE CYGNE BLANC: manufacture of food products (NACE 10520). They are comparable in size and age: total assets between €114,000 and €157,000, founded between 1976 and 2005.

CompanyTotal assetsGross margin
LE CYGNE BLANC Spa€87,631€98,349
GEKEM Chaudfontaine€113,536€86,984
ROBERT - SIMON Sambreville€118,833€178,464
A LA BOULE Bastogne€126,809€174,073
IJssloeberke Productie Kasterlee€131,331€128,449
BALDAMI Theux€120,706€45,509
La Haute Cour Fléron€157,251€56,842
Full comparison

Key facts about LE CYGNE BLANC

What is the company number of LE CYGNE BLANC?
The company number of LE CYGNE BLANC is 0442.860.428. The VAT number is the same number with BE in front: BE 0442.860.428.
Where is LE CYGNE BLANC based?
The registered office is at Rue de l'Hôtel de Ville 8, 4900 Spa.Company details
What does LE CYGNE BLANC do?
According to the KBO register, the main activity is manufacture of food products (NACE 10520).
What is the legal form of LE CYGNE BLANC?
The legal form of LE CYGNE BLANC is Public limited company (NV).
When was LE CYGNE BLANC founded?
LE CYGNE BLANC was founded on 28-12-1990.
Is LE CYGNE BLANC still active?
Yes, LE CYGNE BLANC is an active enterprise in the KBO register.
How many employees does LE CYGNE BLANC have?
LE CYGNE BLANC had an average of 8.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does LE CYGNE BLANC fall under?
In its 2022 annual accounts, LE CYGNE BLANC states joint committees 220 (Paritair Comité voor de bedienden uit de voedingsnijverheid) and 118 (Paritair Comité voor de voedingsnijverheid).
What is the turnover of LE CYGNE BLANC?
The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €98,349 and 2,678 comparable companies of the same size. It probably lies between €200,000 and €510,000. It is a rough estimate. In financial year 2019 turnover was €226,878.
Is LE CYGNE BLANC profitable?
In financial year 2025, LE CYGNE BLANC made a profit of €14,396.
Where can I find the annual accounts of LE CYGNE BLANC?
LE CYGNE BLANC filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LE CYGNE BLANC due?
LE CYGNE BLANC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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