Pigeon D'or

Active

Non-profit associationfounded 1996active for 29 yearsCaseelstraat 9, 8790 Waregem, BelgiumKBO/BCE: BE 0460.164.535

Summary

The annual accounts of Pigeon D'or for financial year 2024 show a net loss of 92% of total assets. The 2024 annual accounts show equity of €11,198 and a net result of -€10,299. The association has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

Pigeon D'orActiveChecked score 56/100

Risk analysis Report Compare

Activity

Activity not known

Size

€11,198total assets 2024

Equity: €11,198
Deficit: -€10,299

Turnover not published (micro format)

Financial health

56 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Accounts filed 69 days late0 of 4 deeds read

Why 56raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearlowers riskLegal form: non-profit associationFounded in 1996Size: total assets €11,198Equity €11,198 (100.0% of total assets)Show the evidence

Checked score

Score 2024

56 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 60% of its sector peers (no NACE code, micro)

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.

Financial strength

Strong

Solvency 100

equity 100.0% of total assets

Liquidity 100

cash 100.0%

Profitability 0

return on assets -92.0%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Last 24 months 11-2024: 0.2%highest value 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: < 0.1%▼ -0.2 percentage points vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €500 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

cash: 100% of total assets, and 0% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 81% on solvency, 95% on liquidity and 4% on profitability.

The bankruptcy probability was computed on 20-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskneutral

Legal form: non-profit association

KBO

Founded in 1996

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: total assets €11,198

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €11,198 (100.0% of total assets)

NBB · annual accounts

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 1 filing

Deviation from the deadline

2024

69 days late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its 2024 accounts 69 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage