ALAZ
ActiveSummary
The computed 12-month bankruptcy probability of ALAZ is 2.8% (moderate). The annual accounts of ALAZ for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €14,633 and a net result of -€23,547. Equity is growing by ~39.2% per year across the filed fiscal years. Its solvency ranks better than 38% of 18537 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency45▼-28
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.47 against 0.68 in 2024; short-term debt: 79.9% and cash: 11.1% of total assets), and 79.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
20.1%
Return on assets
-32.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
18 d late
2024
42 d late
2023
31 d late
2022
59 d early
2021
60 d late
2020
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€240,555▲ 63.9%
2021 · €146,783
EBIT margin
6.0%▲ 1.2pp
2021 · 4.8%
Net result
-€23,547
2024 · €22,743
Working capital
-€30,832▼ 131%
2024 · -€13,324
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€146,783▲ 1,399%€240,555▲ 63.9%
Operating result€7,061€14,391▲ 104%€18,841▲ 30.9%€31,739▲ 68.5%-€18,364
Net result€6,147within the sector's middle half€10,060within the sector's middle half▲ 63.7%€10,935within the sector's middle half▲ 8.7%€22,743above the sector's middle half▲ 108%-€23,547below the sector's middle half
EBIT margin4.8%▲ 52.2pp6.0%▲ 1.2pp
Equity€4,442below the sector's middle half€14,502within the sector's middle half▲ 226%€15,437within the sector's middle half▲ 6.5%€38,180within the sector's middle half▲ 147%€14,633within the sector's middle half▼ 61.7%
Total assets€27,779below the sector's middle half▲ 46.4%€37,656below the sector's middle half▲ 35.6%€45,190below the sector's middle half▲ 20.0%€79,978within the sector's middle half▲ 77.0%€72,667within the sector's middle half▼ 9.1%
Debt€23,337▲ 12.8%€23,155▼ 0.8%€29,753▲ 28.5%€41,798▲ 40.5%€58,034▲ 38.8%
Working capital€4,442€14,502▲ 226%€15,437▲ 6.5%-€13,324-€30,832▼ 131%
Solvency16.0%within the sector's middle half▲ 25.0pp38.5%within the sector's middle half▲ 22.5pp34.2%within the sector's middle half▼ 4.4pp47.7%within the sector's middle half▲ 13.6pp20.1%within the sector's middle half▼ 27.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 2025: a loss of €18,364 after €31,739 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,667
Fixed assets
€45,465 ▼ 11.7%
Current assets
€27,202 ▼ 4.5%
Equity and liabilities €72,667
Equity
€14,633 ▼ 61.7%
Debt
€58,034 ▲ 38.8%
Debt's share of the balance-sheet total rises from 52.3% to 79.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€12,326▼
2024 · €33,974
Cash flow
-€17,508▼
2024 · €24,978
Current ratio
0.47▼
2024 · 0.68
Quick ratio
0.19▼
2024 · 0.29
Debt to equity
3.97▲
2024 · 1.09
ROE
-160.9%▼
2024 · 59.6%
ROA
-32.4%▼
2024 · 28.4%
Interest coverage
-2.48▼
2024 · 6.60
Debt ≤ 1 year
€58,034▲
2024 · €41,798
Income taxes
€220▼
2024 · €3,851
Staff costs
-€479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,136 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.9%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,136 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €146,783 | €240,555 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €139,560 | €224,048 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | -€479 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €2,236 | €6,039 | ▲ 170% |
| Other operating charges640/8 | €163 | €2,115 | €4,948 | €2,251 | €1,464 | ▼ 35.0% |
| Non-recurring operating charges66A | - | - | - | €5,188 | - | - |
| Gross operating margin9900 | €7,223 | €16,507 | €23,789 | €41,413 | -€11,341 | ▼ 127% |
| Operating profit (loss)9901 | €7,061 | €14,391 | €18,841 | €31,739 | -€18,364 | ▼ 158% |
| Financial income75/76B | - | €1 | - | €1 | - | - |
| Recurring financial income75 | - | €1 | - | €1 | - | - |
| Financial charges65/66B | €914 | €1,838 | €166 | €5,146 | €4,963 | ▼ 3.6% |
| Recurring financial charges65 | €914 | €1,838 | €166 | €5,146 | €4,963 | ▼ 3.6% |
| Profit (loss) for the period before taxes9903 | €6,147 | €12,554 | €18,675 | €26,594 | -€23,327 | ▼ 188% |
| Income taxes67/77 | - | €2,494 | €7,740 | €3,851 | €220 | ▼ 94.3% |
| Profit (loss) for the period9904 | €6,147 | €10,060 | €10,935 | €22,743 | -€23,547 | ▼ 204% |
| Profit (loss) for the period to be appropriated9905 | €6,147 | €10,060 | €10,935 | €22,743 | -€23,547 | ▼ 204% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,779 | €37,656 | €45,190 | €79,978 | €72,667 | ▼ 9.1% |
| Fixed assets21/28 | - | - | - | €51,504 | €45,465 | ▼ 11.7% |
| Tangible fixed assets22/27 | - | - | - | €51,504 | €45,465 | ▼ 11.7% |
| Land and buildings22 | - | - | - | €11,274 | €10,066 | ▼ 10.7% |
| Plant, machinery and equipment23 | - | - | - | €37,842 | €33,961 | ▼ 10.3% |
| Furniture and vehicles24 | - | - | - | €2,388 | €1,439 | ▼ 39.8% |
| Current assets29/58 | €27,779 | €37,656 | €45,190 | €28,474 | €27,202 | ▼ 4.5% |
| Stocks and contracts in progress3 | €19,867 | €25,433 | €16,433 | €16,433 | €16,433 | = |
| Stocks30/36 | €19,867 | €25,433 | €16,433 | €16,433 | €16,433 | = |
| Amounts receivable within one year40/41 | €3,362 | €5,152 | €11,191 | €1,240 | €1,220 | ▼ 1.5% |
| Other amounts receivable41 | €3,362 | €5,152 | €11,191 | €1,240 | €1,220 | ▼ 1.5% |
| Cash at bank and in hand54/58 | €4,550 | €7,071 | €17,566 | €9,187 | €8,031 | ▼ 12.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,614 | €1,517 | ▼ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,779 | €37,656 | €45,190 | €79,978 | €72,667 | ▼ 9.1% |
| Equity10/15 | €4,442 | €14,502 | €15,437 | €38,180 | €14,633 | ▼ 61.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Outside capital11 | - | - | €3,000 | - | - | - |
| Other1109/19 | - | - | €3,000 | - | - | - |
| Reserves13 | - | - | €300 | €300 | €300 | = |
| Non-distributable reserves130/1 | - | - | €300 | €300 | €300 | = |
| Reserves not available under the articles1311 | - | - | €300 | €300 | €300 | = |
| Profit (loss) carried forward14 | €1,442 | €11,502 | €12,137 | €34,880 | €11,333 | ▼ 67.5% |
| Amounts payable17/49 | €23,337 | €23,155 | €29,753 | €41,798 | €58,034 | ▲ 38.8% |
| Amounts payable within one year42/48 | €23,337 | €23,155 | €29,753 | €41,798 | €58,034 | ▲ 38.8% |
| Trade debts44 | €8,684 | €4,649 | €5,254 | €21,938 | €30,629 | ▲ 39.6% |
| Suppliers440/4 | €8,684 | €4,649 | €5,254 | €21,938 | €30,629 | ▲ 39.6% |
| Taxes, remuneration and social security45 | - | €2,494 | €12,198 | €19,860 | €27,405 | ▲ 38.0% |
| Taxes450/3 | - | €2,494 | €12,198 | €19,860 | €6,405 | ▼ 67.7% |
| Remuneration and social security454/9 | - | - | - | - | €21,000 | - |
| Other amounts payable47/48 | €14,652 | €16,011 | €12,301 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,147 | €10,060 | €10,935 | €22,743 | -€23,547 | ▼ 204% |
| + Depreciation and write-downs630 | - | - | - | €2,236 | €6,039 | ▲ 170% |
| Operating cash flow (approximation) | €6,147 | €10,060 | €10,935 | €24,978 | -€17,508 | ▼ 170% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €2,521 | €10,494 | -€8,379 | -€1,156 | ▲ 86.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet -€23,547
Net result drops to -€23,547, the lowest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
31-12
Financial
Highest result since 2020net €22,743 ▲108%
Operating result €31,739, net result €22,743, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €6,147
Net result €6,147 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Olen · 2 establishment units since 2019
Ground area
451 m²
Building footprint
128 m²
Volume, LiDAR
930 m³
Parcel 13029C0137/00K002, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ALAZ
since 20192.295.343.860
Hydra Skin Aesthetics
since 20242.367.567.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029C0137/00K002 | Flanders | 451 m² | 1 · 128 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 siteOlen2.295.343.860
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 3,850 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736871980
Also
9925:BE0736871980
Registered
05-06-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.