Financials
- Fiscal year
- 2024
- Total assets
- €171,247
- Profit
- €39,034
- Solvency
- 28.9%
Total assets▲ 344%
Net result
20222024
AZ CONNEXION
ActiveSummary
The computed 12-month bankruptcy probability of AZ CONNEXION is 6.6% (elevated). The 2024 annual accounts show equity of €49,455 and a net result of €39,034. Its solvency ranks better than 50% of 18,970 sector peers (NACE 56, fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Limited-service restaurants, excluding mobile food services
NACE 56112
1 site
Size
€171,247total assets 2024
- Equity
- €49,455
- Profit
- €39,034
Turnover not published (abridged schema)
Structure
Accounts 69 days overdue1 of 3 deeds read
Why 37- 1 financial year not filed after the legal deadline; latest accounts 88 days late; 2 of the last 3 late- Sector Food and beverage service activities (NACE 56)- Figures for FY 2024 (filed 28-10-2025)- Founded in 2022Show the evidence
Checked score
Score 2024
37
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 52% of its sector peers (NACE 56, micro)
Financial strength · tick = 2022
Strong
Solvency
54+3
equity 28.9% of total assets
Liquidity
28+8
short-term debt 71.1% · cash 12.8%
Profitability
97-3
return on assets 22.8%
Bankruptcy probability, 12 months
6.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 9.2%
12-2024: 10.2%▲ +1.0 percentage point vs 11-2024
01-2025: 12.5%▲ +2.3 percentage points vs 12-2024
02-2025: 12.5%● unchanged vs 01-2025
03-2025: 12.7%▲ +0.2 percentage points vs 02-2025
04-2025: 11.7%▼ -1.0 percentage point vs 03-2025
05-2025: 11.7%● unchanged vs 04-2025
06-2025: 11.5%▼ -0.2 percentage points vs 05-2025
07-2025: 11.6%▲ +0.1 percentage points vs 06-2025
08-2025: 13.4%▲ +1.8 percentage points vs 07-2025highest value
09-2025: 13.4%● unchanged vs 08-2025highest value
10-2025: 13.4%● unchanged vs 09-2025highest value
11-2025: 5.5%▼ -7.9 percentage points vs 10-2025
12-2025: 4.9%▼ -0.6 percentage points vs 11-2025
01-2026: 4.8%▼ -0.1 percentage points vs 12-2025
02-2026: 4.8%● unchanged vs 01-2026
03-2026: 4.8%● unchanged vs 02-2026lowest value
04-2026: 4.8%● unchanged vs 03-2026
05-2026: 4.9%▲ +0.1 percentage points vs 04-2026
06-2026: 5.0%▲ +0.1 percentage points vs 05-2026
07-2026: 5.0%● unchanged vs 06-2026
08-2026: 5.7%▲ +0.7 percentage points vs 07-2026
09-2026: 6.1%▲ +0.4 percentage points vs 08-2026
10-2026: 6.6%▲ +0.5 percentage points vs 09-2026
Credit up to €1,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.58 against 1.12 in 2022; short-term debt: 71.1% and cash: 12.8% of total assets), and 71.1% of the assets are financed with debt.
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 56, micro): better than 50% on solvency, 23% on liquidity and 84% on profitability.
The bankruptcy probability was computed on 07-10-2026 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
Five signals.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
88 days late
2022
60 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 74 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
- Resignation: Anouar Bouyanfif (director)Director discharge
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 3
- Since
- 2023
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Founded
- 04-04-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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