Non-profit association · founded 1996 · active for 30 yearsGentse Steenweg 122, 8340 Damme, BelgiumKBO/BCE: BE 0457.775.563
Summary
WOONZORGCENTRUM MORGENSTER has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2019 annual accounts show equity of €2.4m and a net result of €29,441. The computed 12-month bankruptcy probability is 1.3% (low).
2020 accounts not filed, 1912 days past the deadline15 deeds in the Belgian Official Gazette
Signalsraises riskFigures for financial year 2019 (filed 03-07-2020)No main activity registeredNo registered site in the KBOlowers riskLegal form: non-profit associationneutralNo filing for yearsLatest accounts filed on timeShow 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 2019 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2019 · tick = 2018
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.
Average
Solvency43-1
equity 17.5% of total assets
Liquidity51-5
short-term debt 16.5% · cash 3.7%
Profitability60-2
return on assets 0.2%
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.
1.3%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: 1.3%highest value12-2024: 1.3%● unchanged vs 11-2024highest value01-2025: 1.3%● unchanged vs 12-2024highest value02-2025: 1.3%● unchanged vs 01-2025highest value03-2025: 1.3%● unchanged vs 02-2025highest value04-2025: 1.3%● unchanged vs 03-2025highest value05-2025: 1.3%● unchanged vs 04-2025highest value06-2025: 1.3%● unchanged vs 05-2025highest value07-2025: 1.3%● unchanged vs 06-2025highest value08-2025: 1.3%● unchanged vs 07-2025highest value09-2025: 1.3%● unchanged vs 08-2025highest value10-2025: 1.3%● unchanged vs 09-2025highest value11-2025: 1.3%● unchanged vs 10-2025highest value12-2025: 1.3%● unchanged vs 11-2025highest value01-2026: 1.3%● unchanged vs 12-2025highest value02-2026: 1.3%● unchanged vs 01-2026highest value03-2026: 1.3%● unchanged vs 02-2026highest value04-2026: 1.3%● unchanged vs 03-2026highest value05-2026: 1.3%● unchanged vs 04-2026highest value06-2026: 1.3%● unchanged vs 05-2026highest value07-2026: 1.3%● unchanged vs 06-2026highest value08-2026: 1.3%● unchanged vs 07-2026highest value09-2026: 1.3%● unchanged vs 08-2026highest value10-2026: 1.3%● unchanged vs 09-2026highest value
This company filed its 2019 accounts 36 days before 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)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
Annual accounts filedfinancial year 2019 · abbreviated…
Board meeting · General meetingAccounting effect · Merger ·…
Annual accounts filedfinancial year 2018 · abbreviated…
Key points
Risk: 2020 accounts not fileddeadline was 31-07-20211912 days past the deadlineView
Caution: Result fell in 2019from €84,685 to €29,441▼ 65.2%View