Summary
WOONZORGCENTRUM MORGENSTER has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2019 annual accounts show equity of €2.40M and a net result of €29k. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
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.
Axes, FY 2019 · tick = 2018
Profitability60▼-2
Solvency43▼-1
Growth39
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2019Solvency, return and age of the figures
Solvency
17.5%
Return on assets
0.2%
Age of the figures
81 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 25-06-2020, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, abbreviated schema
Turnover
€3.89M▲ 5.4%
2018 · €3.69M
2018: €3.69M
2018 → 2019
EBIT margin
6.9%▼ 1.8pp
2018 · 8.6%
2018: 8.6%
2018 → 2019
Net result
€29k▼ 65.2%
2018 · €85k
2018: €85k
2018 → 2019
Working capital
€2.11M▼ 6.6%
2018 · €2.26M
2018: €2.26M
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Turnover€3.69M-€3.89M▲ 5.4%
Equity€2.45M-€2.40M▼ 2.2%
Operating result€319k-€268k▼ 16.1%
Net result€85k-€29k▼ 65.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 16% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €13.72M
Fixed assets
€9.34M ▼ 4.9%
Current assets
€4.38M ▲ 30.8%
Equity and liabilities €13.72M
Equity
€2.40M ▼ 2.2%
Provisions
€20k ▼ 31.7%
Debt
€11.30M ▲ 5.7%
Debt's share of the balance-sheet total rises from 81.1% to 82.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€797k▼
2018 · €927k
Cash flow
€559k▼
2018 · €692k
Current ratio
1.93▼
2018 · 3.08
Quick ratio
1.93▼
2018 · 3.08
Debt to equity
3.63▼
2018 · 3.78
ROE
1.2%▼
2018 · 3.5%
ROA
0.2%▼
2018 · 0.6%
Interest coverage
2.51▼
2018 · 2.79
Debt ≤ 1 year
€2.27M▲
2018 · €1.09M
Debt > 1 year
€8.72M▼
2018 · €9.28M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2019 against 2018 · 26 lines
Balance sheet
Code20182019
Assets
Total assets20/58€13.17M€13.72M▲
Fixed assets21/28€9.82M€9.34M▼
Intangible fixed assets21€5k€6k▲
Tangible fixed assets22/27€9.81M€9.33M▼
Financial fixed assets28€5k€5k=
Current assets29/58€3.35M€4.38M▲
Stocks and contracts in progress3€3k€3k▼
Amounts receivable within one year40/41€698k€1.96M▲
Cash at bank and in hand54/58€625k€510k▼
Equity and liabilities
Total equity and liabilities10/49€13.17M€13.72M▲
Equity10/15€2.45M€2.40M▼
Profit (loss) carried forward14€53k€82k▲
Provisions and deferred taxes16€29k€20k▼
Amounts payable17/49€10.69M€11.30M▲
Amounts payable after more than one year17€9.28M€8.72M▼
Amounts payable within one year42/48€1.09M€2.27M▲
Trade debts44€259k€317k▲
Income statement
Code20182019
Turnover70€3.69M€3.89M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€608k€530k▼
Operating profit (loss)9901€319k€268k▼
Recurring financial income75€105k€100k▼
Recurring financial charges65€333k€318k▼
Debt charges650€332k€318k▼
Profit (loss) for the period before taxes9903€91k€50k▼
Profit (loss) for the period9904€85k€29k▼
Profit (loss) for the period to be appropriated9905€85k€29k▼
Timeline · acts, filings and financial milestones
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
06-01
State Gazette act
Board meeting · General meeting
Accounting effect · Merger · Manuel Van Hoof
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
07-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
25-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
20-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
16-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
State Gazette actNBB filing
Directors · office · real estate
Directors
15 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Damme
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentse Steenweg 1228340 DammeGround area
1.9 ha
Building footprint
1,142 m²
Volume, LiDAR
7,512 m³
Parcel 31026B0346/00Y000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
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. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionContributed a branch of activity to:Woonzorgcentrum Sint-Jozef
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 4,490 EUR awarded · 4,490 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,490 EUR | 4,490 EUR |
Schemes
Erkenning en financiering/subsidiëring centra voor dagverzorging
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded28-02-1996
Fiscal year end31-12
Abbreviation NL
WZC MORGENSTER
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.