ANDRE-AZ
Open bankruptcyA bankruptcy procedure is open for ANDRE-AZ according to publications in the Belgian State Gazette; curator: CHARLES-HENRI SPRINGUEL.
Summary
The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €21k and a net result of €14k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 23-08-2023, 23 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
23 d late
2021
29 d late
2020
24 d late
2019
69 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Equity
€21k▲ 210%
2021 · €7k
2018: €-3k
2019: €-10k
2020: €4k
2021: €7k
2018 → 2022
Total assets
€55k▼ 13.6%
2021 · €64k
2018: €107k
2019: €71k
2020: €72k
2021: €64k
2018 → 2022
Net result
€14k▲ 449%
2021 · €3k
2018: €-20k
2019: €-8k
2020: €11k
2021: €3k
2018 → 2022
Working capital
€20k▲ 296%
2021 · €5k
2018: €-6k
2019: €-13k
2020: €2k
2021: €5k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-3k-€-10k▼ 202%€4k€7k▲ 61.7%€21k▲ 210%
Operating result€-15k-€-10k▲ 32.1%€17k€6k▼ 63.0%€16k▲ 148%
Net result€-20k-€-8k▲ 57.4%€11k€3k▼ 75.8%€14k▲ 449%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 148% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €55k
Fixed assets
€1k ▼ 21.1%
Current assets
€54k ▼ 13.4%
Equity and liabilities €55k
Equity
€21k ▲ 210%
Debt
€34k ▼ 40.2%
The debt ratio falls from 89.4% to 61.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2021 · €7k
Cash flow
€15k▲
2021 · €3k
Current ratio
1.57▲
2021 · 1.09
Quick ratio
1.34▲
2021 · 0.95
Debt / equity
1.62▼
2021 · 8.40
ROE
67.7%▲
2021 · 38.2%
ROA
25.8%▲
2021 · 4.1%
Interest coverage
5.23▲
2021 · 1.46
Debt ≤ 1 year
€34k▼
2021 · €57k
Income taxes
€259
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 · 2022 against 2021 · 41 lines
Balance sheet
Code20212022
Assets
Total assets20/58€64k€55k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€830€440▼
Plant, machinery and equipment23€830€440▼
Financial fixed assets28€1k€1k=
Current assets29/58€62k€54k▼
Stocks and contracts in progress3€8k€8k=
Stocks30/36€8k€8k=
Amounts receivable within one year40/41€49k€40k▼
Trade receivables40€41k€31k▼
Other amounts receivable41€8k€10k▲
Cash at bank and in hand54/58€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€64k€55k▼
Equity10/15€7k€21k▲
Contributions10/11€11k€11k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-6k€8k▲
Amounts payable17/49€57k€34k▼
Amounts payable within one year42/48€57k€34k▼
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€34k€16k▼
Suppliers440/4€34k€16k▼
Taxes, remuneration and social security45€18k€18k=
Taxes450/3€18k€18k=
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€673€390▼
Other operating charges640/8€348€348=
Gross operating margin9900€7k€16k▲
Operating profit (loss)9901€6k€16k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€3k€14k▲
Income taxes67/77-€259
Profit (loss) for the period9904€3k€14k▲
Profit (loss) for the period to be appropriated9905€3k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€8k▲
Profit (loss) brought forward from the previous period14P€-9k€-6k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
KBO administration
Address struck
Louizalaan 54 1050 Die Sitzadresse Avenue Louise / Louizalaan
Bruxelles · event 09-06-2025
2024
06-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL ANDRE-AZ AVENUE LOUISE 54, 1050 IXELLES · event 02-12-2024
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Highest result since 2018net €14k ▲449%
Net result €14k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 21 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2009
Ground area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
ANDRE-AZ
since 20092.177.979.602
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLES-HENRI SPRINGUEL AVENUE LOUISE 349,
1050 IXELLES |
02-12-2024 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,262 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2008
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.