AZ Advisory
ActiveSummary
AZ Advisory has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260k and a net result of €95k. Equity is growing by ~52.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89=
Solvency69▲+9
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 1.95 in 2024; short-term debt: 12.1% and cash: 27.8% of total assets), but 56.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.9%
Return on assets
16.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
8 d early
2024
13 d late
2023
36 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€260k▲ 57.7%
2024 · €165k
2023: €86klowest in 3 years
2024: €165k▲ +90.9% vs 2023
2025: €260k▲ +57.7% vs 2024highest in 3 years
2023 → 2025
Total assets
€593k▲ 24.8%
2024 · €475k
2023: €119klowest in 3 years
2024: €475k▲ +298% vs 2023
2025: €593k▲ +24.8% vs 2024highest in 3 years
2023 → 2025
Net result
€95k▲ 21.2%
2024 · €79k
2023: €84k
2024: €79k▼ -6.4% vs 2023lowest in 3 years
2025: €95k▲ +21.2% vs 2024highest in 3 years
2023 → 2025
Working capital
€115k▲ 205%
2024 · €38k
2023: €81k
2024: €38k▼ -53.6% vs 2023lowest in 3 years
2025: €115k▲ +205% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€86k-€165k▲ 90.9%€260k▲ 57.7%
2023: €86klowest in 3 years
2024: €165k▲ +90.9% vs 2023
2025: €260k▲ +57.7% vs 2024highest in 3 years
Operating result€110k-€109k▼ 0.9%€139k▲ 28.2%
2023: €110k
2024: €109k▼ -0.9% vs 2023lowest in 3 years
2025: €139k▲ +28.2% vs 2024highest in 3 years
Net result€84k-€79k▼ 6.4%€95k▲ 21.2%
2023: €84k
2024: €79k▼ -6.4% vs 2023lowest in 3 years
2025: €95k▲ +21.2% vs 2024highest in 3 years
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 2025; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €593k
Fixed assets
€406k ▲ 2.1%
Current assets
€187k ▲ 141%
Equity and liabilities €593k
Equity
€260k ▲ 57.7%
Debt
€333k ▲ 7.3%
Debt's share of the balance-sheet total falls from 65.3% to 56.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€152k▲
2024 · €114k
Cash flow
€108k▲
2024 · €84k
Current ratio
2.60▲
2024 · 1.95
Debt to equity
1.28▼
2024 · 1.88
ROE
36.6%▼
2024 · 47.6%
ROA
16.1%▼
2024 · 16.5%
Interest coverage
8.66▼
2024 · 11.82
Debt ≤ 1 year
€72k▲
2024 · €40k
Debt > 1 year
€261k▼
2024 · €270k
Income taxes
€27k▲
2024 · €20k
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 · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€475k€593k▲
Fixed assets21/28€397k€406k▲
Tangible fixed assets22/27€397k€406k▲
Land and buildings22€392k€402k▲
Furniture and vehicles24€6k€4k▼
Current assets29/58€78k€187k▲
Amounts receivable within one year40/41€18k€23k▲
Trade receivables40€18k€22k▲
Other amounts receivable41-€1k
Cash at bank and in hand54/58€59k€165k▲
Equity and liabilities
Total equity and liabilities10/49€475k€593k▲
Equity10/15€165k€260k▲
Contributions10/11€3k€3k=
Reserves13€162k€258k▲
Distributable reserves133€162k€258k▲
Amounts payable17/49€310k€333k▲
Amounts payable after more than one year17€270k€261k▼
Financial debts170/4€270k€261k▼
Amounts payable within one year42/48€40k€72k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€29k€57k▲
Taxes450/3€29k€57k▲
Other amounts payable47/48€90-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€13k▲
Other operating charges640/8€544€2k▲
Gross operating margin9900€115k€154k▲
Operating profit (loss)9901€109k€139k▲
Financial charges65/66B€10k€18k▲
Recurring financial charges65€10k€18k▲
Profit (loss) for the period before taxes9903€99k€122k▲
Income taxes67/77€20k€27k▲
Profit (loss) for the period9904€79k€95k▲
Profit (loss) for the period to be appropriated9905€79k€95k▲
Appropriation of the result
Profit (loss) to be appropriated9906€79k€95k▲
Transfer to equity691/2€79k€95k▲
To other reserves6921€79k€95k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €355 | €6k | €13k | ▲ 127% |
| Other operating charges640/8 | - | €544 | €2k | ▲ 234% |
| Gross operating margin9900 | €110k | €115k | €154k | ▲ 33.9% |
| Operating profit (loss)9901 | €110k | €109k | €139k | ▲ 28.2% |
| Financial charges65/66B | €4k | €10k | €18k | ▲ 81.6% |
| Recurring financial charges65 | €4k | €10k | €18k | ▲ 81.6% |
| Profit (loss) for the period before taxes9903 | €106k | €99k | €122k | ▲ 23.0% |
| Income taxes67/77 | €22k | €20k | €27k | ▲ 29.6% |
| Profit (loss) for the period9904 | €84k | €79k | €95k | ▲ 21.2% |
| Profit (loss) for the period to be appropriated9905 | €84k | €79k | €95k | ▲ 21.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €119k | €475k | €593k | ▲ 24.8% |
| Fixed assets21/28 | €5k | €397k | €406k | ▲ 2.1% |
| Tangible fixed assets22/27 | €5k | €397k | €406k | ▲ 2.1% |
| Land and buildings22 | - | €392k | €402k | ▲ 2.5% |
| Furniture and vehicles24 | €5k | €6k | €4k | ▼ 25.5% |
| Current assets29/58 | €114k | €78k | €187k | ▲ 141% |
| Amounts receivable within one year40/41 | €16k | €18k | €23k | ▲ 23.0% |
| Trade receivables40 | €16k | €18k | €22k | ▲ 17.2% |
| Other amounts receivable41 | - | - | €1k | - |
| Cash at bank and in hand54/58 | €99k | €59k | €165k | ▲ 178% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €119k | €475k | €593k | ▲ 24.8% |
| Equity10/15 | €86k | €165k | €260k | ▲ 57.7% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €84k | €162k | €258k | ▲ 58.6% |
| Distributable reserves133 | €84k | €162k | €258k | ▲ 58.6% |
| Amounts payable17/49 | €33k | €310k | €333k | ▲ 7.3% |
| Amounts payable after more than one year17 | - | €270k | €261k | ▼ 3.5% |
| Financial debts170/4 | - | €270k | €261k | ▼ 3.5% |
| Amounts payable within one year42/48 | €33k | €40k | €72k | ▲ 80.6% |
| Current portion of amounts payable after more than one year42 | - | €9k | €9k | ▲ 4.7% |
| Trade debts44 | €1k | €2k | €6k | ▲ 248% |
| Suppliers440/4 | €1k | €2k | €6k | ▲ 248% |
| Taxes, remuneration and social security45 | €32k | €29k | €57k | ▲ 95.1% |
| Taxes450/3 | €30k | €29k | €57k | ▲ 95.1% |
| Remuneration and social security454/9 | €1k | - | - | - |
| Other amounts payable47/48 | €244 | €90 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €79k | €95k | ▲ 21.2% |
| + Depreciation and write-downs630 | €355 | €6k | €13k | ▲ 127% |
| Operating cash flow (approximation) | €84k | €84k | €108k | ▲ 28.2% |
| Investment in fixed assets (approximation) | - | €-398k | €-21k | ▲ 94.7% |
| Change in cash | - | €-40k | €105k | ▲ 366% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €95k ▲21.2%
Operating result €139k, net result €95k, both a record.
31-12
Financial
Equity above €200kEq €260k ▲57.7%
3 profitable years in a row build equity to €260k.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Weakest financial yearnet €79k ▼6.4%
Net result drops to €79k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €165k ▲90.9%
2 profitable years in a row build equity to €165k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Vilvoorde · 1 establishment unit since 2022
Ground area
3,562 m²
Building footprint
2,132 m²
Volume, LiDAR
33,618 m³
2 parcels, Brussels, Flanders · tallest building 26.8 m, ±8 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
AZ Advisory
since 20222.339.729.278
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23642D0658/00W000 | Flanders | 2,494 m² | 1 · 1,844 m² | 18.5 m · 5 fl. |
| 21372D0119/00D000 | Brussels | 1,068 m² | 1 · 289 m² | 26.8 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,282 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
Founded15-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.