Active BE 0457.775.563Non-profit association

WOONZORGCENTRUM MORGENSTER

Gentse Steenweg 122 ·8340 Damme, Belgium· 30 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of WOONZORGCENTRUM MORGENSTER is 0.1% (very low). The 2019 annual accounts show equity of €2.40M and a net result of €82k. The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€2.40M
Net result	€82k
Staff (FTE)	52.2
Active	30 yrs

Financial profile 5 of 5 axes measured · computed by Checked

65 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 74

Profitability 51

Solvency 47

Growth 55

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −No NACE activity registered +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1996, 30 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2019 · computed

74 / 100 Healthy

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2019. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 25-06-2020 with the NBB · fiscal year 2019 · verkort

RevenueOperating resultNet result

Revenue

€3.89M

+5.4% 18-19

EBITDA

€797k

-14.0% 18-19

Net profit

€82k

+55.7% 18-19

Cash flow

€612k

-7.3% 18-19

Total assets

€13.72M

+4.1% 18-19

Equity

€2.40M

-2.2% 18-19

Working capital

€2.11M

-6.6% 18-19

Employees (FTE)

52

+0.2% 18-19

Show 12 other metrics

Debt

€11.30M

+5.7% 18-19

Debt ≤ 1y

€2.27M

+108.7% 18-19

Debt > 1y

€8.72M

-6.0% 18-19

Current ratio

1.93

-37.3% 18-19

Quick ratio

1.93

-37.3% 18-19

Solvency

17.5%

-6.1% 18-19

Debt / equity

3.63

-3.9% 18-19

ROE

3.4%

+59.2% 18-19

ROA

0.6%

+49.5% 18-19

Net margin

2.1%

+47.7% 18-19

EBITDA margin

20.5%

-18.4% 18-19

Interest coverage

2.51

-10.0% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	verkort
Revenue	€3.89M
EBITDA	€797k
Net profit	€82k
Cash flow	€612k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€13.72M
Equity	€2.40M
Debt	€11.30M
of which ≤ 1y	€2.27M
of which > 1y	€8.72M
Working capital	€2.11M
Employees (FTE)	52.2

Ratios (computed)

	2019
Current ratio	1.93
Quick ratio	1.93
Working capital ratio	15.4%
Solvency	17.5%
Debt / equity	3.63
Long-term debt ratio	3.63
Interest coverage	2.51
Gross margin	-
Net margin	2.1%
ROA	0.6%
ROE	3.4%
EBITDA margin	20.5%
Days sales outstanding	184d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €9.34M · 68.1% Current assets €4.38M · 31.9%

Equity & liabilities

Equity €2.40M · 17.5% Provisions €20k · 0.1% Debt €11.30M · 82.4%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€13.72M
Fixed assets	21/28	€9.34M
Intangible fixed assets	21	€6k
Tangible fixed assets	22/27	€9.33M
Financial fixed assets	28	€5k
Current assets	29/58	€4.38M
Stocks & contracts in progress	3	€3k
Amounts receivable within one year	40/41	€1.96M
Cash & bank	54/58	€510k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€13.72M
Equity	10/15	€2.40M
Accumulated profits (losses)	14	€82k
Provisions & deferred taxes	16	€20k
Amounts payable	17/49	€11.30M
Amounts payable after one year	17	€8.72M
Amounts payable within one year	42/48	€2.27M
Trade debts payable within one year	44	€317k
Income statement
Turnover	70	€3.89M
Operating result	9901	€268k
Financial income	75	€100k
Financial charges	65	€318k
Result before taxes	9903	€50k
Net result for the period	9904	€29k
Result to be appropriated	9905	€29k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	-
Legal form	Non-profit association(017)
Incorporation	28-02-1996
Status	Active
Postal code	8340

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31026B0346/00Y000	Flanders	1.9 ha	1 · 1,141 m²	8.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

25-06-2020