Checked.be · Company dossierhttps://checked.be/en/c/flanders-ghent-development-group-0874594560 · as of 27-10-2026
FLANDERS-GHENT DEVELOPMENT GROUP
Active
Non-profit association · founded 2005 · active for 21 yearsBassebeekwegel 15, 9031 Gent, BelgiumKBO/BCE: BE 0874.594.560
Summary
The latest annual accounts of FLANDERS-GHENT DEVELOPMENT GROUP were filed more than 90 days after the deadline. The 2009 annual accounts show equity of €70,926 and a net result of -€30,710. The association has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
2010 accounts not filed, 5567 days past the deadline4 deeds in the Belgian Official Gazette
Signalsraises riskFigures for financial year 2009 (filed 31-12-2010)Last filed accounts filed 151 days late; 2 of the last 3 late2009 accounts filed 151 days latelowers riskLegal form: non-profit associationSize: total assets €315,062neutralNo filing for yearsShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2009 are too old to assess current financial health.
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2009 · tick = 2008
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency48-11
equity 22.5% of total assets
Liquidity34+2
short-term debt 58.4% · cash 11.1%
Profitability13-45
return on assets -9.7%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
1.1%Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months11-2024: 1.0%12-2024: 1.0%● unchanged vs 11-202401-2025: 1.0%● unchanged vs 12-202402-2025: 1.0%● unchanged vs 01-202503-2025: 1.0%● unchanged vs 02-202504-2025: 1.0%● unchanged vs 03-202505-2025: 1.0%● unchanged vs 04-202506-2025: 1.0%● unchanged vs 05-202507-2025: 1.0%● unchanged vs 06-202508-2025: 1.0%● unchanged vs 07-2025lowest value09-2025: 1.0%● unchanged vs 08-2025lowest value10-2025: 1.0%● unchanged vs 09-2025lowest value11-2025: 1.0%● unchanged vs 10-2025lowest value12-2025: 1.0%● unchanged vs 11-2025lowest value01-2026: 1.0%● unchanged vs 12-2025lowest value02-2026: 1.0%● unchanged vs 01-2026lowest value03-2026: 1.0%● unchanged vs 02-2026lowest value04-2026: 1.0%● unchanged vs 03-2026lowest value05-2026: 1.0%● unchanged vs 04-2026lowest value06-2026: 1.0%● unchanged vs 05-2026lowest value07-2026: 1.0%● unchanged vs 06-2026lowest value08-2026: 1.0%● unchanged vs 07-2026lowest value09-2026: 1.1%▲ +0.1 percentage points vs 08-2026highest value10-2026: 1.1%● unchanged vs 09-2026highest value
31-12-2010 year end31-07-2011 deadline27-10-2026 today
raises risk · 2009 accounts filed 151 days late
The financial year that closed on 31-12-2009 was due by 31-07-2010 and was filed on 29-12-2010, 151 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.