AZ SYA CONSTRUCT
Bankruptcy closedInactive since 30-05-2026; last annual accounts for fiscal year 2023.
Summary
AZ SYA CONSTRUCT was declared bankrupt on 15-09-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 19-05-2026, published in the Belgian State Gazette on 29-05-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€1.2m
EBIT margin
0.1%
Net result
€2,215▲ 49.2%
2022 · €1,485
Working capital
€1,670
2022 · -€4,215
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Turnover€1.2m-
Operating result€715-€1,758▲ 146%€4,471▲ 154%
Net result€323-€1,485▲ 359%€2,215▲ 49.2%
EBIT margin0.1%-
Equity€3,323-€4,808▲ 44.7%€7,023▲ 46.1%
Total assets€659,533-€764,752▲ 16.0%€1.1m▲ 44.9%
Debt€656,210-€759,944▲ 15.8%€1.1m▲ 44.9%
Working capital-€5,797--€4,215▲ 27.3%€1,670
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2023 is 154% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.1m
Fixed assets
€5,353 ▼ 42.9%
Current assets
€1.1m ▲ 46.0%
Equity and liabilities €1.1m
Equity
€7,023 ▲ 46.1%
Debt
€1.1m ▲ 44.9%
Debt's share of the balance-sheet total stays at 99.4%.
Key figures and ratios
EBITDA
€8,488▼
2022 · €9,370
Cash flow
€6,232▼
2022 · €9,097
Current ratio
1.00▲
2022 · 0.99
ROE
31.5%▲
2022 · 30.9%
ROA
0.2%▲
2022 · 0.2%
Interest coverage
8.17▼
2022 · 34.31
Debt ≤ 1 year
€1.1m▲
2022 · €759,597
Income taxes
€1,217
A ratio outside any meaningful range has been withheld (balance sheet total €1.1m, equity €7,023).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Turnover70 | €1.2m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1.2m | €1.7m | ▲ 47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,850 | €7,612 | €4,017 | ▼ 47.2% |
| Other operating charges640/8 | - | €425 | €1,558 | ▲ 267% |
| Gross operating margin9900 | €6,076 | €9,795 | €10,046 | ▲ 2.6% |
| Operating profit (loss)9901 | €715 | €1,758 | €4,471 | ▲ 154% |
| Financial charges65/66B | - | €273 | €1,040 | ▲ 281% |
| Recurring financial charges65 | €91 | €273 | €1,040 | ▲ 281% |
| Profit (loss) for the period before taxes9903 | €624 | €1,485 | €3,431 | ▲ 131% |
| Income taxes67/77 | €301 | - | €1,217 | - |
| Profit (loss) for the period9904 | €323 | €1,485 | €2,215 | ▲ 49.2% |
| Profit (loss) for the period to be appropriated9905 | €323 | €1,485 | €2,215 | ▲ 49.2% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €659,533 | €764,752 | €1.1m | ▲ 44.9% |
| Fixed assets21/28 | €9,121 | €9,370 | €5,353 | ▼ 42.9% |
| Tangible fixed assets22/27 | €9,121 | €9,370 | €5,353 | ▼ 42.9% |
| Furniture and vehicles24 | - | €9,370 | €5,353 | ▼ 42.9% |
| Current assets29/58 | €650,413 | €755,382 | €1.1m | ▲ 46.0% |
| Amounts receivable within one year40/41 | €637,297 | €707,742 | €1.0m | ▲ 47.9% |
| Trade receivables40 | - | €685,885 | €1.0m | ▲ 49.5% |
| Other amounts receivable41 | - | €21,857 | €21,228 | ▼ 2.9% |
| Cash at bank and in hand54/58 | €13,116 | €47,640 | €55,974 | ▲ 17.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €659,533 | €764,752 | €1.1m | ▲ 44.9% |
| Equity10/15 | €3,323 | €4,808 | €7,023 | ▲ 46.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | - | €3,000 | €3,000 | = |
| Issued capital100 | - | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €323 | €1,808 | €4,023 | ▲ 123% |
| Amounts payable17/49 | €656,210 | €759,944 | €1.1m | ▲ 44.9% |
| Amounts payable within one year42/48 | €656,210 | €759,597 | €1.1m | ▲ 45.0% |
| Trade debts44 | €655,910 | €758,859 | €1.1m | ▲ 44.9% |
| Suppliers440/4 | - | €284,670 | €179,906 | ▼ 36.8% |
| Bills of exchange payable441 | - | €474,189 | €919,719 | ▲ 94.0% |
| Taxes, remuneration and social security45 | - | €738 | €1,598 | ▲ 117% |
| Taxes450/3 | - | €738 | €1,598 | ▲ 117% |
| Accrued charges and deferred income492/3 | - | €348 | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €323 | €1,485 | €2,215 | ▲ 49.2% |
| + Depreciation and write-downs630 | €3,850 | €7,612 | €4,017 | ▼ 47.2% |
| Operating cash flow (approximation) | €4,173 | €9,097 | €6,232 | ▼ 31.5% |
| Investment in fixed assets (approximation) | - | -€7,862 | €0 | ▲ 100% |
| Change in cash | - | €34,524 | €8,334 | ▼ 75.9% |
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
2026
29-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 19-05-2026
2025
19-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 15-09-2025
2024
07-06
KBO administration
Address struck
event 21-05-2024
09-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 130 days late
2023
31-03
Financial
Highest result since 2021net €2,215 ▲49.2%
Operating result €4,471, net result €2,215, both a record.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 147 days late
2022
19-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 111 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Anderlecht
Ground area
966 m²
Building footprint
739 m²
Volume, LiDAR
7,497 m³
Parcel 21306D0354/00V000, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0354/00V000 | Brussels | 966 m² | 1 · 739 m² | 15.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN GOLDSCHMIDT CHAUSSEE DE LA HULPE 150,
1170 03 WATERMAEL-BOITSFORT |
15-09-2025 → 19-05-2026 |
Identification & contact
Identification
Legal formPrivate limited company
Founded18-10-2019
Fiscal year end31-03
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.