AZ
ActiveSummary
The computed 12-month bankruptcy probability of AZ is 3.2% (moderate). For AZ, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €355,326 and a net result of €69,527. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 23162 sector peers (fiscal year 2022). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability76▼-13
Solvency54▼-5
Growth85=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2022Solvency, return and age of the figures
Solvency
28.5%
Return on assets
5.6%
Age of the figures
45 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-07-2024, 364 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
364 d late
2021
471 d late
2020
206 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 291 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 (1)
History
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Financials · fiscal year 2022, micro schema
Turnover
€747,719▲ 4.1%
2019 · €718,353
EBIT margin
23.3%▲ 11.4pp
2019 · 11.9%
Net result
€69,527▼ 55.0%
2021 · €154,507
Working capital
€226,274▲ 22.9%
2021 · €184,158
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€521,286-€718,353▲ 37.8%€747,719▲ 4.1%
Operating result€13,531-€85,601▲ 533%€174,186▲ 103%€229,476▲ 31.7%€95,088▼ 58.6%
Net result€6,934-€68,001▲ 881%€147,699▲ 117%€154,507▲ 4.6%€69,527▼ 55.0%
EBIT margin2.6%-11.9%▲ 9.3pp23.3%▲ 11.4pp
Equity€73,594-€141,594▲ 92.4%€214,293▲ 51.3%€318,800▲ 48.8%€355,326▲ 11.5%
Total assets€415,800-€592,481▲ 42.5%€639,524▲ 7.9%€941,145▲ 47.2%€1.2m▲ 32.3%
Debt€342,207-€450,886▲ 31.8%€425,232▼ 5.7%€622,346▲ 46.4%€889,948▲ 43.0%
Working capital€20,235-€86,385▲ 327%€144,620▲ 67.4%€184,158▲ 27.3%€226,274▲ 22.9%
Staff (FTE)4.53.1▼ 31.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 59% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.2m
Fixed assets
€129,052 ▼ 4.2%
Current assets
€1.1m ▲ 38.4%
Equity and liabilities €1.2m
Equity
€355,326 ▲ 11.5%
Debt
€889,948 ▲ 43.0%
Debt's share of the balance-sheet total rises from 66.1% to 71.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€122,457▼
2021 · €245,787
Cash flow
€96,896▼
2021 · €170,818
Current ratio
1.25▼
2021 · 1.30
Quick ratio
0.65▲
2021 · 0.46
Debt to equity
2.50▲
2021 · 1.95
ROE
19.6%▼
2021 · 48.5%
ROA
5.6%▼
2021 · 16.4%
Interest coverage
17.95▼
2021 · 25.96
Debt ≤ 1 year
€889,948▲
2021 · €622,346
Income taxes
€18,738▼
2021 · €66,226
Staff costs
€142,297▲
2021 · €71,141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €521,286 | €718,353 | €747,719 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €71,141 | €142,297 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,104 | €9,618 | €11,654 | €16,311 | €27,369 | ▲ 67.8% |
| Other operating charges640/8 | - | - | - | €9,917 | €16,774 | ▲ 69.2% |
| Non-recurring operating charges66A | - | - | - | - | €45 | - |
| Gross operating margin9900 | €101,022 | €191,086 | €246,315 | €326,845 | €281,573 | ▼ 13.9% |
| Operating profit (loss)9901 | €13,531 | €85,601 | €174,186 | €229,476 | €95,088 | ▼ 58.6% |
| Financial income75/76B | - | - | - | €725 | - | - |
| Recurring financial income75 | €58 | €11 | €1,712 | €725 | - | - |
| Financial charges65/66B | - | - | - | €9,469 | €6,824 | ▼ 27.9% |
| Recurring financial charges65 | €3,742 | €611 | €6,034 | €9,469 | €6,824 | ▼ 27.9% |
| Profit (loss) for the period before taxes9903 | €9,846 | €85,001 | €169,864 | €220,732 | €88,264 | ▼ 60.0% |
| Income taxes67/77 | €2,912 | €17,000 | €22,165 | €66,226 | €18,738 | ▼ 71.7% |
| Profit (loss) for the period9904 | €6,934 | €68,001 | €147,699 | €154,507 | €69,527 | ▼ 55.0% |
| Profit (loss) for the period to be appropriated9905 | €6,934 | €68,001 | €147,699 | €154,507 | €69,527 | ▼ 55.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €415,800 | €592,481 | €639,524 | €941,145 | €1.2m | ▲ 32.3% |
| Fixed assets21/28 | €53,358 | €55,209 | €69,673 | €134,641 | €129,052 | ▼ 4.2% |
| Intangible fixed assets21 | - | - | - | €48,397 | €43,397 | ▼ 10.3% |
| Tangible fixed assets22/27 | €52,858 | €54,709 | €68,773 | €85,344 | €84,755 | ▼ 0.7% |
| Plant, machinery and equipment23 | - | - | - | €1,236 | €4,542 | ▲ 267% |
| Furniture and vehicles24 | - | - | - | €17,460 | €13,290 | ▼ 23.9% |
| Other tangible fixed assets26 | - | - | - | €66,648 | €66,923 | ▲ 0.4% |
| Financial fixed assets28 | €500 | €500 | €900 | €900 | €900 | = |
| Current assets29/58 | €362,442 | €537,272 | €569,852 | €806,504 | €1.1m | ▲ 38.4% |
| Stocks and contracts in progress3 | €215,389 | €214,492 | €349,769 | €519,871 | €535,000 | ▲ 2.9% |
| Stocks30/36 | - | - | - | €519,871 | €535,000 | ▲ 2.9% |
| Amounts receivable within one year40/41 | €140,137 | €293,443 | €204,816 | €273,205 | €553,118 | ▲ 102% |
| Trade receivables40 | - | - | - | €255,075 | €552,968 | ▲ 117% |
| Other amounts receivable41 | - | - | - | €18,131 | €150 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €6,569 | €27,596 | €13,143 | €11,359 | €25,267 | ▲ 122% |
| Deferred charges and accrued income490/1 | - | - | - | €2,068 | €2,836 | ▲ 37.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €415,800 | €592,481 | €639,524 | €941,145 | €1.2m | ▲ 32.3% |
| Equity10/15 | €73,594 | €141,594 | €214,293 | €318,800 | €355,326 | ▲ 11.5% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €53,142 | €121,143 | €193,842 | €298,348 | €334,875 | ▲ 12.2% |
| Amounts payable17/49 | €342,207 | €450,886 | €425,232 | €622,346 | €889,948 | ▲ 43.0% |
| Amounts payable within one year42/48 | €342,207 | €450,886 | €425,232 | €622,346 | €889,948 | ▲ 43.0% |
| Trade debts44 | €263,518 | €253,922 | €305,427 | €441,304 | €680,983 | ▲ 54.3% |
| Suppliers440/4 | - | - | - | €441,304 | €680,983 | ▲ 54.3% |
| Taxes, remuneration and social security45 | - | - | - | €131,042 | €171,240 | ▲ 30.7% |
| Taxes450/3 | - | - | - | €107,614 | €127,313 | ▲ 18.3% |
| Remuneration and social security454/9 | - | - | - | €23,428 | €43,927 | ▲ 87.5% |
| Other amounts payable47/48 | - | - | - | €50,000 | €37,725 | ▼ 24.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,934 | €68,001 | €147,699 | €154,507 | €69,527 | ▼ 55.0% |
| + Depreciation and write-downs630 | €9,104 | €9,618 | €11,654 | €16,311 | €27,369 | ▲ 67.8% |
| Operating cash flow (approximation) | €16,038 | €77,618 | €159,353 | €170,818 | €96,896 | ▼ 43.3% |
| Investment in fixed assets (approximation) | - | -€11,468 | -€26,118 | -€81,280 | -€21,780 | ▲ 73.2% |
| Change in cash | - | €21,026 | -€14,453 | -€1,784 | €13,908 | ▲ 879% |
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
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 364 days late
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 471 days late
2022
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 206 days late
2021
31-12
Financial
Highest result since 2018net €154,507 ▲4.6%
Operating result €229,476, net result €154,507, both a record.
2020
31-12
Financial
Equity above €200,000Eq €214,293 ▲51.3%
3 profitable years in a row build equity to €214,293.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Equity above €100,000Eq €141,594 ▲92.4%
2 profitable years in a row build equity to €141,594.
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 139 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 97 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
25-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 · 3 establishment units since 2017
Ground area
940 m²
Building footprint
605 m²
Volume, LiDAR
5,285 m³
4 parcels, Brussels, Flanders · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
345
companies at this address
See who is registered here
3 establishment units
IQRA
since 20172.262.944.870
IQRA
since 20172.270.606.286
IQRA
since 20212.324.929.454
4 parcels
Flanders
1
(25%)
Brussels
3
(75%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0069/02A005 | Brussels | 310 m² | 1 · 243 m² | 10.9 m · 2 fl. |
| 11809I2439/00H002 | Flanders | 263 m² | 1 · 94 m² | 12.8 m · 1 fl. |
| 21522B0416/00Z000 | Brussels | 217 m² | 1 · 118 m² | 19.7 m · 6 fl. |
| 21001A0599/00K008 | Brussels | 151 m² | 1 · 150 m² | 15.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,956 companies in sector 47120 we hold annual accounts for 2,191. 1,217 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 (pre-2019)
Founded25-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47621Retail sale of newspapers and periodicals
47554Retail trade
47610Retail trade
47711Retail sale of women's outerwear
47712Retail trade
Scores and ratios are computed by Checked and are not a credit decision.