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Wagon-Cigare

Active
Private limited companyfounded 2024active for 2 yearsBoulevard de la Sauvenière 118, 4000 Liège, BelgiumKBO/BCE: BE 1010.226.393

From the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette

Summary

Wagon-Cigare has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€128,828) and a net result of -€148,828. Its solvency ranks better than 12% of 2,479 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

KBO
Status
Active since 11-06-2024 Normal situation
Registered office
11 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Promotion and organisation of arts and performing arts events NACE 90391
Financial year end
31 December
Peppol
Reachable since 09-07-2024

Board and ownership

Board

Financial position

54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
-€19,116
Loss
€148,828
Equity
-€128,828
Total assets
€549,834
Turnover not published (micro format)
Filed on 24-06-2026, 37 days before the deadlineat the National Bank
Score breakdownraises riskCapped at 59: negative equityNegative equity -€128,828Loss of €148,828 (financial year 2025)lowers riskSector: Arts creation and performing arts activities (NACE 90)Size: total assets €549,834Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 32% of micro companies in creative and performing arts (NACE 90)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency 2
equity -23.4% of total assets
Liquidity 87
short-term debt 30.3% · cash 76.8%
Profitability 0
return on assets -27.1%
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 0.1% (3,430 companies, NACE 90, micro)
Last 24 months 07-2025: 0.7% 08-2025: 0.8%▲ +0.1 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.9%▲ +0.1 percentage points vs 11-2025 01-2026: 1.0%▲ +0.1 percentage points vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.1%▲ +0.1 percentage points vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026highest value 07-2026: 0.4%▼ -0.7 percentage points vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity is ample, with a current ratio of 3.21, above the usual 1.5. Short-term debt is 30.3% and cash 76.8% of total assets. However, equity is negative.
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 90, micro). It does better than 12% of them on solvency, 77% on liquidity and 7% on profitability.

The bankruptcy probability was computed on 31-10-2026 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

Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity -€128,828
NBB · annual accounts
lowers risk · Sector: Arts creation and performing arts activities (NACE 90)
KBO
lowers risk · Size: total assets €549,834
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €148,828 (financial year 2025)
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
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 24-06-2026, 37 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
37 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€128,828 View
  • Caution: Lower net result than 95% of companies in creative and performing artssector median €6,335 · 2,475 companies -€148,828 View

Comparable companies

These companies have the same main activity as Wagon-Cigare: promotion and organisation of arts and performing arts events (NACE 90391). They are comparable in size and age: total assets between €250,000 and €868,000, founded between 2022 and 2024.

CompanyTotal assetsGross margin
Wagon-Cigare Liège€549,834-€19,116
LABYRINTH EVENTS Antwerpen€799,665-€252,802
MIDREAM Brussel€770,822-€185,827
Zah! Floreffe€333,790-€27,166
PROJET A Sint-Gillis (bij-Brussel)€868,216-€1,112
WONDERFUL LIGHTING BE Asse€249,996-€8,653
AGRICOEUR POLE CIRCUIT-COURT Les Bons Villers€341,212-€14,995
Full comparison

Documents

Annual accounts at the NBB

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Wagon-Cigare

What is the company number of Wagon-Cigare?
The company number of Wagon-Cigare is 1010.226.393. The VAT number is the same number with BE in front: BE 1010.226.393.
Where is Wagon-Cigare based?
The registered office is at Boulevard de la Sauvenière 118, 4000 Liège.Company details
What does Wagon-Cigare do?
According to the KBO register, the main activity is promotion and organisation of arts and performing arts events (NACE 90391).
What is the legal form of Wagon-Cigare?
The legal form of Wagon-Cigare is Private limited company (BV).
When was Wagon-Cigare founded?
Wagon-Cigare was founded on 11-06-2024.
Is Wagon-Cigare still active?
Yes, Wagon-Cigare is an active enterprise in the KBO register.
What is the turnover of Wagon-Cigare?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is Wagon-Cigare profitable?
In financial year 2025, Wagon-Cigare made a loss of €148,828.
Where can I find the annual accounts of Wagon-Cigare?
Wagon-Cigare filed 1 annual account with the National Bank of Belgium, for financial year 2025.Annual accounts at the National Bank

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