A-Z DISTRIBUTION
ActiveThe computed 12-month bankruptcy probability of A-Z DISTRIBUTION is 3.4% (moderate). The 2024 annual accounts show negative equity (€-580k) and a net result of €-692k. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 26048 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
16
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-61
Solvency0▼-30
Growth55▼-30
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 1.04 in 2023; short-term debt: 193.1% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 2024Solvency, return and age of the figures
Solvency
-93.1%
Return on assets
-111%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-580k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-01-2026, 179 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
179 d late
2023
131 d late
2022
197 d late
2021
152 d late
2020
139 d late
2019
437 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€1.96M▲ 28.5%
2022 · €1.52M
2020: €1.01M
2021: €981k
2022: €1.52M
2020 → 2023
EBIT margin
4.2%▲ 2.1pp
2022 · 2.1%
2020: -0.2%
2021: 2.0%
2022: 2.1%
2020 → 2023
Net result
€-692k
2023 · €57k
2019: €2k
2020: €-2k
2021: €15k
2022: €24k
2023: €57k
2019 → 2024
Working capital
€-641k
2023 · €87k
2019: €16k
2020: €-8k
2021: €11k
2022: €21k
2023: €87k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.01M-€981k▼ 3.2%€1.52M▲ 55.3%€1.96M▲ 28.5%
Equity€16k-€31k▲ 92.4%€55k▲ 75.6%€112k▲ 105%€-580k
Operating result€-2k-€20k€32k▲ 57.6%€81k▲ 158%€-691k
Net result€-2k-€15k€24k▲ 57.3%€57k▲ 143%€-692k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €691k after €81k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €623k
Fixed assets
€61k▲ 146%
Current assets
€562k▼ 73.8%
Key figures and ratios
EBITDA
€-664k▼
2023 · €94k
Cash flow
€-664k▼
2023 · €70k
Solvency
-93.1%▼
2023 · 5.2%
Current ratio
0.47▼
2023 · 1.04
Quick ratio
0.41▼
2023 · 1.01
Debt / equity
-2.07▼
2023 · 18.35
ROA
-111.0%▼
2023 · 2.6%
Interest coverage
-1435.66▼
2023 · 176.50
Debt
€1.20M▼
2023 · €2.06M
Debt ≤ 1 year
€1.20M▼
2023 · €2.06M
Debt > 1 year
€0
Income taxes
€0▼
2023 · €24k
Staff costs
€78k▼
2023 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.17M€623k▼
Formation expenses20-€0
Fixed assets21/28€25k€61k▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€21k€57k▲
Land and buildings22-€0
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€12k€51k▲
Leasing and similar rights25-€0
Other tangible fixed assets26-€0
Assets under construction and advance payments27-€0
Financial fixed assets28€3k€3k=
Current assets29/58€2.14M€562k▼
Amounts receivable after more than one year29-€0
Trade receivables290-€0
Other amounts receivable291-€0
Stocks and contracts in progress3€72k€66k▼
Stocks30/36€72k€66k▼
Contracts in progress37-€0
Amounts receivable within one year40/41€2.06M€497k▼
Trade receivables40€2.06M€477k▼
Other amounts receivable41€2k€20k▲
Current investments50/53-€0
Cash at bank and in hand54/58€7k€0▼
Deferred charges and accrued income490/1-€0
Equity and liabilities
Total equity and liabilities10/49€2.17M€623k▼
Equity10/15€112k€-580k▼
Contributions10/11€9k€9k=
Revaluation surpluses12-€0
Reserves13€919€919=
Non-distributable reserves130/1€919€919=
Reserves not available under the articles1311€919€919=
Own shares acquired1312-€0
Financial assistance1313-€0
Other1319-€0
Tax-exempt reserves132-€0
Distributable reserves133-€0
Profit (loss) carried forward14€102k€-590k▼
Investment grants15-€0
Advance to shareholders on the distribution of net assets19-€0
Provisions and deferred taxes16-€0
Provisions for liabilities and charges160/5-€0
Pensions and similar obligations160-€0
Taxes161-€0
Major repairs and maintenance162-€0
Environmental obligations163-€0
Other liabilities and charges164/5-€0
Deferred taxes168-€0
Amounts payable17/49€2.06M€1.20M▼
Amounts payable after more than one year17-€0
Financial debts170/4-€0
Trade debts175-€0
Advances received on contracts in progress176-€0
Other amounts payable178/9-€0
Amounts payable within one year42/48€2.06M€1.20M▼
Current portion of amounts payable after more than one year42-€0
Financial debts43-€4k
Credit institutions430/8-€4k
Other loans439-€0
Trade debts44€1.83M€962k▼
Suppliers440/4€1.83M€962k▼
Bills of exchange payable441-€0
Advances received on contracts in progress46-€0
Taxes, remuneration and social security45€66k€161k▲
Taxes450/3€38k€117k▲
Remuneration and social security454/9€28k€44k▲
Other amounts payable47/48€162k€77k▼
Accrued charges and deferred income492/3-€0
Income statement
Code20232024
Turnover70€1.96M-
Goods, raw materials, services and sundry goods60/61€1.78M€1.94M▲
Remuneration, social security and pensions62€78k€78k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€28k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€106k
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0
Other operating charges640/8€2k€730k▲
Operating charges capitalised as restructuring costs649-€0
Gross operating margin9900€173k€249k▲
Operating profit (loss)9901€81k€-691k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€531€462▼
Recurring financial charges65€531€462▼
Profit (loss) for the period before taxes9903€81k€-692k▼
Transfer from deferred taxes780-€0
Transfer to deferred taxes680-€0
Income taxes67/77€24k€0▼
Profit (loss) for the period9904€57k€-692k▼
Transfer from tax-exempt reserves789-€0
Transfer to tax-exempt reserves689-€0
Profit (loss) for the period to be appropriated9905€57k€-692k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€-590k▼
Profit (loss) brought forward from the previous period14P€45k€102k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 179 days late
2024
31-12
Financial
Weakest financial yearnet €-692k ▼1307%
Net result drops to €-692k, the lowest in the series.
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 131 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 197 days late
2023
31-12
Financial
Highest result since 2019net €57k ▲143%
Operating result €81k, net result €57k, both a record.
31-12
Financial
Equity above €100kEq €112k ▲105%
3 profitable years in a row build equity to €112k.
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 139 days late
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 437 days late
2020
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 445 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sint-Jans-Molenbeek · 1 establishment unit since 2023
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.
Picardstraat 861080 Sint-Jans-MolenbeekGround area
2,176 m²
Building footprint
597 m²
Volume, LiDAR
4,501 m³
2 parcels, Brussels · tallest building 19.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A-Z DISTRIBUTION
since 20232.342.865.447
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813F0623/00T006 | Brussels | 2,063 m² | 1 · 389 m² | 6.0 m · 2 fl. |
| 21012A0132/02Z000 | Brussels | 113 m² | 1 · 208 m² | 19.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.342.865.447
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DAILY FRESH NEW
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Of 10,527 companies in sector 47110 we hold annual accounts for 5,862. 4,611 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2018
Fiscal year end31-12
Activities, NACEBEL
46360Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.