AZ-ELECTRONIC
InactiveAZ-ELECTRONIC was declared bankrupt on 29-01-2024 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 18-02-2025, published in the Belgian State Gazette on 24-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 10-10-2022, 71 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
71 d late
2020
409 d late
2019
773 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€18k▲ 33.4%
2020 · €13k
2018: €38k
2019: €43k
2020: €13k
2018 → 2021
EBIT margin
0.4%▼ 34.2pp
2020 · 34.6%
2018: -42.0%
2019: -47.3%
2020: 34.6%
2018 → 2021
Net result
€-113
2020 · €4k
2018: €-16k
2019: €-20k
2020: €4k
2018 → 2021
Working capital
€2k
2020 · €-4k
2018: €-618
2019: €-11k
2020: €-4k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€38k-€43k▲ 12.2%€13k▼ 69.2%€18k▲ 33.4%
Equity€-618-€-2k▼ 277%€2k€2k▼ 5.4%
Operating result€-16k-€-20k▼ 26.4%€5k€71▼ 98.5%
Net result€-16k-€-20k▼ 27.2%€4k€-113
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 98% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €3k
Fixed assets
€260 ▼ 95.8%
Current assets
€3k ▼ 62.2%
Equity and liabilities €3k
Equity
€2k ▼ 5.4%
Debt
€1k ▼ 89.0%
Debt's share of the balance-sheet total falls from 85.3% to 40.3%. Equity and debt are lower.
Key figures and ratios
Debt ≤ 1 year
€1k▼
2020 · €12k
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
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 · 2021 against 2020 · 39 lines
Balance sheet
Code20202021
Assets
Total assets20/58€14k€3k▼
Fixed assets21/28€6k€260▼
Tangible fixed assets22/27€6k€0▼
Furniture and vehicles24€6k-
Financial fixed assets28€260€260=
Current assets29/58€8k€3k▼
Amounts receivable within one year40/41€0€1k▲
Trade receivables40€0€400▲
Other amounts receivable41€0€667▲
Cash at bank and in hand54/58€8k€2k▼
Equity and liabilities
Total equity and liabilities10/49€14k€3k▼
Equity10/15€2k€2k▼
Contributions10/11€18k€18k=
Capital10€18k€18k=
Issued capital100€19k€19k=
Uncalled capital101€549€549=
Profit (loss) carried forward14€-16k€-16k▼
Amounts payable17/49€12k€1k▼
Amounts payable within one year42/48€12k€1k▼
Trade debts44€7k€83▼
Suppliers440/4€7k€83▼
Taxes, remuneration and social security45€206€1k▲
Taxes450/3€206€1k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€5k-
Income statement
Code20202021
Turnover70€13k€18k▲
Goods, raw materials, services and sundry goods60/61€6k€17k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Other operating charges640/8€0€368▲
Non-recurring operating charges66A€0-
Gross operating margin9900€7k€439▼
Operating profit (loss)9901€5k€71▼
Financial charges65/66B€161€184▲
Recurring financial charges65€161€184▲
Profit (loss) for the period before taxes9903€4k€-113▼
Profit (loss) for the period9904€4k€-113▼
Profit (loss) for the period to be appropriated9905€4k€-113▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-16k▼
Profit (loss) brought forward from the previous period14P€-20k€-16k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 18-02-2025
2024
02-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 29-01-2024
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 409 days late
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 773 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.29
Current ratio from 0.66 to 2.29; short-term debt falls from €12k to €1k.
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
2019
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MURIELLE DELFORGE CLOS DU SARTAY 11,
4053 EMBOURG |
29-01-2024 → 18-02-2025 |
| Curator | DAMIEN RIDELLE CLOS
DU SARTAY 11, 4053 EMBOURG |
29-01-2024 → 18-02-2025 |