Equity
-€1,364
Debts exceed assets in financial year 2025.
LE MARGOTIN
Lifetime
18 annual accounts with figures on one time axispeak €42,139 (2018)
€0▼ 100%
lowest -€17,025 (2010)
-€150▲ €1,706
peak €17,923 (2008)
-€1,364▼ €150
€12,544▼ 0.6%
peak 1 FTE (2007)
-not published
Board2 names since 2021
1 directorDaisy HERMAL
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €427 to €0Loss of €150Equity from -€1,214 to -€1,364Cash from €368 to €57
Key points
from the 2025 annual accountsLosses
-€2,006 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€12,544 112% of the balance sheet
Suppliers 18%Taxes and wages 3%Other 79%
Of this, €2,626 falls due within a year.
2025 accounts filed 31 days after the deadlineTurnover not published (micro format)
Checked score
53
Fair
Financially stronger than 21% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.5%▲ +0.1 percentage points vs 02-2025
04-2025: 1.6%▲ +0.1 percentage points vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.9%▲ +0.3 percentage points vs 06-2025
08-2025: 2.5%▲ +0.6 percentage points vs 07-2025
09-2025: 2.8%▲ +0.3 percentage points vs 08-2025
10-2025: 3.7%▲ +0.9 percentage points vs 09-2025
11-2025: 2.6%▼ -1.1 percentage points vs 10-2025
12-2025: 2.6%● unchanged vs 11-2025
01-2026: 2.5%▼ -0.1 percentage points vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.7%▲ +0.2 percentage points vs 02-2026
04-2026: 2.8%▲ +0.1 percentage points vs 03-2026
05-2026: 2.8%● unchanged vs 04-2026
06-2026: 2.8%● unchanged vs 05-2026
07-2026: 3.0%▲ +0.2 percentage points vs 06-2026
08-2026: 3.7%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 1.2%▼ -2.5 percentage points vs 08-2026lowest value
10-2026: 1.2%● unchanged vs 09-2026lowest value
11-2026: 1.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
No main activity registered
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
lowers risk
Size: total assets €11,180
Founded in 2005
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 11% of them on solvency, 25% on liquidity, 24% on profitability and 22% 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 2,796 companies had the same profile as LE MARGOTIN has now. Each dot stands for 7 companies, two years later.
90.4%
were still trading
6.0%
stopped another way
2.1%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LE MARGOTIN itself: 1.2% 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 2,796 companies, not a prediction for LE MARGOTIN. 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 ample, with a current ratio of 4.26 (4.34 in 2024), above the usual 1.5. Short-term debt is 23.5% and cash 0.5% of total assets. However, 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 -€1,364
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
61 days late
2023
61 days late
2022
92 days late
2021
92 days late
2020
122 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 83 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 1 October (4 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 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Basècles to Quevaucamps
New registered office: Avenue de l'Europe, numéro 4 à 7972 Quevaucamps (BELOEIL) · Previous registered office: Rue grande, 183 à 7971 Basècles · Resignation: Eric CUVELIER (director) · General meeting of 31-12-2021 · Gazette deed
First establishment
Rue Grande 183, Beloeil
Incorporation
published on 27-10-2005 · Gazette deed
Official details
Source: KBO- Status
- Active since 17-10-2005Normal situation
- Activity
- No activity registered in the KBO
- Joint committee
- 302Hotels and catering · annual accounts 2023
- Establishment unit
- 2.149.941.3557971 Beloeil, since 02-11-2005
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on LE MARGOTIN
LE MARGOTIN files the micro format. That format states no turnover. The gross margin fell from €39,953 in 2006 to €0 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 LE MARGOTIN
- What is the company number of LE MARGOTIN?
- The company number of LE MARGOTIN is 0876.719.553. The VAT number is the same number with BE in front: BE 0876.719.553.
- Where is LE MARGOTIN based?
- The registered office is at Avenue de l'Europe 4, 7972 Beloeil.Company details
- What is the legal form of LE MARGOTIN?
- LE MARGOTIN is a private limited company (pre-2019) (BVBA).
- When was LE MARGOTIN founded?
- LE MARGOTIN was founded on 17-10-2005.
- Is LE MARGOTIN still active?
- Yes, LE MARGOTIN is an active enterprise in the KBO register.
- How many employees does LE MARGOTIN have?
- LE MARGOTIN had an average of 0.1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does LE MARGOTIN fall under?
- In its 2023 annual accounts, LE MARGOTIN states joint committee 302 (Hotels and catering).
- What is the turnover of LE MARGOTIN?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is LE MARGOTIN profitable?
- In financial year 2025, LE MARGOTIN made a loss of €150.
- Where can I find the annual accounts of LE MARGOTIN?
- LE MARGOTIN filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LE MARGOTIN due?
- LE MARGOTIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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