Le Belge NV was founded in 1955 in Courcelles, Hainaut (Belgium) as a joint venture of several steel companies in an attempt to create a demand for steel and if possible have a decent profit from it.
The history of Le Belge is one of many comparable Belgian Companies:
1955: Le Belge was founded
1956: First car has been manufactured
1970: Le Belge launches their first commercial sportscar
1974: Due to the oil crisis, inability to adapt to the changing market and implosion of the Belgian industry Le Belge goes bankrupt
1980: Marc Legar, a Belgian businessman, buys the rights and brandname of Le Belge and makes it a modern NV (Ltd) company. The goal is to provide cheap and decent cars
1992: Government bailout and the Belgian government buys 51% of the shares
2002: After regionalization of the shares the Walloon government sells a majority of the shares and remains with a participation of 5%
2010: The company becomes a private company again and focuses on innovate cars
2018: what will the future bring?
This is briefly the history of Le Belge, soon I’ll post their first model (note that the models won’t be in chronological order) and hopefully their logo too.