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AZ CONNECT

Active
Private limited companyfounded 2020active for 6 yearsGrote Baan 36, 9250 Waasmunster, BelgiumKBO/BCE: BE 0746.768.059
Summary

The computed 12-month bankruptcy probability of AZ CONNECT is 6.4% (elevated). The 2024 annual accounts show equity of €104,106 and a net result of €56,585. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 23% of 1,321 sector peers (NACE 42, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Construction of utility projects for electricity and telecommunications
NACE 42220
1 site
Size
€651,288turnover 2024
Equity
€104,106
Profit
€56,585
Financial health
36 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.4%
Structure
Accounts 76 days overdue0 of 1 deed read
Why 36raises risk1 financial year not filed after the legal deadline; latest accounts 214 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 06-03-2026)Size: turnover €651,288, total assets €486,177Founded in 2020Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 42% of its sector peers (NACE 42, micro)
Financial strength · tick = 2023
Average
Solvency 46-11
equity 21.4% of total assets
Liquidity 45+8
short-term debt 78.6% · cash 30.2%
Profitability 81+3
return on assets 11.6%
Bankruptcy probability, 12 months
6.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,864 companies, NACE 42, micro)
Last 24 months 11-2024: 9.6% 12-2024: 9.6%● unchanged vs 11-2024 01-2025: 10.4%▲ +0.8 percentage points vs 12-2024 02-2025: 10.4%● unchanged vs 01-2025 03-2025: 3.8%▼ -6.6 percentage points vs 02-2025 04-2025: 3.8%● unchanged vs 03-2025 05-2025: 4.0%▲ +0.2 percentage points vs 04-2025 06-2025: 3.9%▼ -0.1 percentage points vs 05-2025 07-2025: 3.8%▼ -0.1 percentage points vs 06-2025 08-2025: 4.7%▲ +0.9 percentage points vs 07-2025 09-2025: 5.2%▲ +0.5 percentage points vs 08-2025 10-2025: 7.2%▲ +2.0 percentage points vs 09-2025 11-2025: 6.8%▼ -0.4 percentage points vs 10-2025 12-2025: 7.8%▲ +1.0 percentage point vs 11-2025 01-2026: 10.5%▲ +2.7 percentage points vs 12-2025 02-2026: 10.5%● unchanged vs 01-2026 03-2026: 11.0%▲ +0.5 percentage points vs 02-2026highest value 04-2026: 4.0%▼ -7.0 percentage points vs 03-2026 05-2026: 4.0%● unchanged vs 04-2026 06-2026: 3.8%▼ -0.2 percentage points vs 05-2026 07-2026: 3.8%● unchanged vs 06-2026lowest value 08-2026: 4.0%▲ +0.2 percentage points vs 07-2026 09-2026: 4.4%▲ +0.4 percentage points vs 08-2026 10-2026: 6.4%▲ +2.0 percentage points vs 09-2026
Credit of up to €3,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.26, compared with 1.45 in 2023, below the usual 1.5; short-term debt: 78.6% and cash: 30.2% of total assets), and 78.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro): better than 24% on solvency, 40% on liquidity, 59% on profitability and 47% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 214 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 06-03-2026)
NBB · annual accounts
raises risk · Size: turnover €651,288, total assets €486,177
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2020
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1321 sector peers (2024).
NBB · sector comparison
Position among 1321 sector peers
Solvency
better than 23%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 76 days later.
NBB · 4 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline15-10-2026 today
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 02-03-2026, 214 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filings
Deviation from the deadline
2025
not filed
2024
214 days late
2023
191 days late
2022
557 days late
2021
144 days 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 277 days after the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 76 days late View
  • Positive: Among the best 13% on net resultsector median €10,927 · 1,315 companies €56,585 View
  • Turnover 2024first financial year filed €651,288 View

By topic

Financials

Financial year
2024
Turnover
€651,288
Profit
€56,585
Solvency
21.4%
Go to Financials

Timeline

Events
6
Since
2022
  1. 31-12-2024Highest result from 2021 to 2024
  2. 31-12-2024Equity above €100,000
  3. 22-12-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded
08-05-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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