Equity
-€2,345
Debts exceed assets in financial year 2025.
AZ PLAN
Lifetime
6 annual accounts with figures on one time axispeak €47,386 (2024)
€26,662▼ 43.7%
lowest -€12,203 (2025)
-€12,203▼ €6,034
peak €16,027 (2023)
-€2,345▼ €12,203
€114,184▲ 11.8%
Board4 names since 2020
1 directorFILIZOGLU Aret
Documentsfilings and deeds
14-07-202617 days before the deadline
2025micro format
Gross margin from €47,386 to €26,662Loss of €12,203Resignation: LATRACHE ILYESS (director) 11-02Equity from €9,858 to -€2,345Cash from €17,539 to €7,293
Key points
from the 2025 annual accountsLosses
-€18,372 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €180,000 estimated
The micro format states no turnover.
Debts
€114,184 102% of the balance sheet
Financial debts 20%Suppliers 32%Taxes and wages 17%Other 31%
Of this, €91,764 falls due within a year.
Filings
6 annual accounts 4 late
The 2022 accounts came latest: 28 days after the end of the period.
Position in the sector
-€2,345
Less equity than 89% of companies in construction of buildings. Sector median €45,544 · 9,459 companies.
Checked score
49
Fair
Financially stronger than 11% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%
01-2025: 2.3%▼ -0.6 percentage points vs 12-2024
02-2025: 2.1%▼ -0.2 percentage points vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.2%▲ +0.1 percentage points vs 03-2025
05-2025: 2.2%● unchanged vs 04-2025
06-2025: 2.2%● unchanged vs 05-2025
07-2025: 2.4%▲ +0.2 percentage points vs 06-2025
08-2025: 2.9%▲ +0.5 percentage points vs 07-2025
09-2025: 2.4%▼ -0.5 percentage points vs 08-2025
10-2025: 2.3%▼ -0.1 percentage points vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.3%● unchanged vs 12-2025
02-2026: 2.3%● unchanged vs 01-2026
03-2026: 2.3%● unchanged vs 02-2026
04-2026: 2.4%▲ +0.1 percentage points vs 03-2026
05-2026: 2.0%▼ -0.4 percentage points vs 04-2026
06-2026: 1.9%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 2.1%▲ +0.2 percentage points vs 06-2026
08-2026: 2.9%▲ +0.8 percentage points vs 07-2026highest value
09-2026: 2.9%● unchanged vs 08-2026highest value
10-2026: 2.9%● unchanged vs 09-2026highest value
11-2026: 2.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2020
Negative equity -€2,345
lowers risk
Size: total assets €111,839
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 11% of them on solvency, 11% on liquidity, 18% on profitability and 4% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as AZ PLAN has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AZ PLAN itself: 2.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for AZ PLAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.73 (0.85 in 2024), below 1. Short-term debt is 82.1% and cash 6.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€2,345
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 14-07-2026, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
17 days early
2024
25 days late
2023
35 days early
2022
28 days late
2021
19 days late
2020
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 7 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 August (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0743840243
Resignation: LATRACHE ILYESS (director)
Transfer of shares from LATRACHE ILYESS to FILIZOGLU ARET · Director discharge: LATRACHE ILYESS · General meeting of 16-12-2024 · Gazette deed
Resignation: Chakir Adil (director)
Transfer of shares from Chakir Adil to Latrache Ilyess · Transfer of shares from Chakir Adil to Filizoglu Aret · Appointment: Latrache Ilyess (director) · General meeting of 31-03-2024 · Gazette deed
Registered office moved from Haccourt to Liège
New registered office: rue saint léonard 203, 4000 Liège · Previous registered office: rue de Tongres 26/28, 4684 HACCOURT · Appointment: FILIZOGLU Aret (director) · General meeting of 01-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AZ PLAN Liège | €111,839 | €26,662 | -2.1% | - |
| BERNARD Père & Fils Hannut | €105,570 | €28,217 | 43.8% | - |
| VAVURE Visé | €119,722 | €28,087 | 89.6% | - |
| JMP BETON Soumagne | €104,258 | €25,389 | 68.2% | - |
| LEJEUNE CONSTRUCT Verviers | €130,117 | €25,846 | -69.9% | - |
| ANGEL CONSTRUCT Berchem-Sainte-Agathe | €110,625 | €27,062 | 73.5% | - |
| Bouw en Reno Bormans Boom | €107,691 | €26,391 | 86.9% | - |
These companies have the same main activity as AZ PLAN: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €104,000 and €130,000, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 19-02-2020Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.312.156.8314000 Liège, since 19-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Annual accounts 2025
- €111,839▼ 0.1%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on AZ PLAN
AZ PLAN files the micro format. That format states no turnover. The gross margin rose from -€2,401 in 2020 to €26,662 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AZ PLAN
- What is the company number of AZ PLAN?
- The company number of AZ PLAN is 0743.840.243. The VAT number is the same number with BE in front: BE 0743.840.243.
- Where is AZ PLAN based?
- The registered office is at Rue Saint-Léonard 203, 4000 Liège.Company details
- What does AZ PLAN do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of AZ PLAN?
- AZ PLAN is a private limited company (BV).
- When was AZ PLAN founded?
- AZ PLAN was founded on 19-02-2020.
- Is AZ PLAN still active?
- Yes, AZ PLAN is an active enterprise in the KBO register.
- What is the turnover of AZ PLAN?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €26,662 and 163 comparable companies (NACE 41001). It probably lies between €100,000 and €340,000.Financials
- Is AZ PLAN profitable?
- In financial year 2025, AZ PLAN made a loss of €12,203.
- Where can I find the annual accounts of AZ PLAN?
- AZ PLAN filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AZ PLAN due?
- AZ PLAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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