Azaer
ActiveSummary
Azaer has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €90k and a net result of €30k. Equity is growing by ~54.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▼-11
Solvency65▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.63 against 1.87 in 2023; short-term debt: 43.4% and cash: 18.8% of total assets), and 60.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.9%
Return on assets
13.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
40 d early
2022
33 d early
2021
23 d early
2020
40 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€90k=
2023 · €90k
2020: €10klowest in 5 years
2021: €46k▲ +345% vs 2020
2022: €90k▲ +94.9% vs 2021highest in 5 years
2023: €90k● 0.0% vs 2022highest in 5 years
2024: €90k● 0.0% vs 2023highest in 5 years
2020 → 2024
Total assets
€226k▲ 7.5%
2023 · €211k
2020: €17klowest in 5 years
2021: €56k▲ +224% vs 2020
2022: €103k▲ +82.0% vs 2021
2023: €211k▲ +105% vs 2022
2024: €226k▲ +7.5% vs 2023highest in 5 years
2020 → 2024
Net result
€30k▼ 35.5%
2023 · €46k
2020: €3klowest in 5 years
2021: €36k▲ +1127% vs 2020
2022: €44k▲ +22.4% vs 2021
2023: €46k▲ +5.0% vs 2022highest in 5 years
2024: €30k▼ -35.5% vs 2023
2020 → 2024
Working capital
€-36k
2023 · €61k
2020: €8k
2021: €44k▲ +456% vs 2020
2022: €84k▲ +88.7% vs 2021highest in 5 years
2023: €61k▼ -27.5% vs 2022
2024: €-36k▼ -159% vs 2023lowest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€10k-€46k▲ 345%€90k▲ 94.9%€90k=€90k=
2020: €10klowest in 5 years
2021: €46k▲ +345% vs 2020
2022: €90k▲ +94.9% vs 2021highest in 5 years
2023: €90k● 0.0% vs 2022highest in 5 years
2024: €90k● 0.0% vs 2023highest in 5 years
Operating result€4k-€50k▲ 1,103%€62k▲ 22.4%€60k▼ 3.1%€43k▼ 27.5%
2020: €4klowest in 5 years
2021: €50k▲ +1103% vs 2020
2022: €62k▲ +22.4% vs 2021highest in 5 years
2023: €60k▼ -3.1% vs 2022
2024: €43k▼ -27.5% vs 2023
Net result€3k-€36k▲ 1,127%€44k▲ 22.4%€46k▲ 5.0%€30k▼ 35.5%
2020: €3klowest in 5 years
2021: €36k▲ +1127% vs 2020
2022: €44k▲ +22.4% vs 2021
2023: €46k▲ +5.0% vs 2022highest in 5 years
2024: €30k▼ -35.5% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €226k
Fixed assets
€164k ▲ 106%
Current assets
€62k ▼ 52.4%
Equity and liabilities €226k
Equity
€90k =
Debt
€136k ▲ 13.1%
Debt's share of the balance-sheet total rises from 57.1% to 60.1%. Debt is higher.
Key figures and ratios
EBITDA
€61k▼
2023 · €66k
Cash flow
€47k▼
2023 · €52k
Current ratio
0.63▼
2023 · 1.87
Debt to equity
1.51▲
2023 · 1.33
ROE
33.0%▼
2023 · 51.1%
ROA
13.2%▼
2023 · 21.9%
Interest coverage
26.56▼
2023 · 79.27
Debt ≤ 1 year
€98k▲
2023 · €70k
Debt > 1 year
€38k▼
2023 · €51k
Income taxes
€12k▼
2023 · €13k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€211k€226k▲
Formation expenses20€900€385▼
Fixed assets21/28€79k€164k▲
Tangible fixed assets22/27€79k€64k▼
Furniture and vehicles24€77k€61k▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28-€100k
Current assets29/58€130k€62k▼
Amounts receivable within one year40/41€20k€18k▼
Trade receivables40€14k€15k▲
Other amounts receivable41€6k€3k▼
Current investments50/53€80k-
Cash at bank and in hand54/58€29k€43k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€211k€226k▲
Equity10/15€90k€90k=
Contributions10/11€8k€8k=
Reserves13€83k€83k=
Distributable reserves133€83k€83k=
Amounts payable17/49€120k€136k▲
Amounts payable after more than one year17€51k€38k▼
Financial debts170/4€51k€38k▼
Amounts payable within one year42/48€70k€98k▲
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€911€1k▲
Suppliers440/4€911€1k▲
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Other amounts payable47/48€47k€77k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€17k▲
Other operating charges640/8€927€2k▲
Gross operating margin9900€67k€62k▼
Operating profit (loss)9901€60k€43k▼
Financial income75/76B€0€978▲
Recurring financial income75€0€978▲
Financial charges65/66B€832€2k▲
Recurring financial charges65€832€2k▲
Profit (loss) for the period before taxes9903€59k€42k▼
Income taxes67/77€13k€12k▼
Profit (loss) for the period9904€46k€30k▼
Profit (loss) for the period to be appropriated9905€46k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€30k▼
Profit to be distributed694/7€46k€30k▼
Return on contributions (dividend)694€46k€30k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €130 | €515 | €979 | €6k | €17k | ▲ 178% |
| Other operating charges640/8 | - | €719 | €834 | €927 | €2k | ▲ 79.8% |
| Gross operating margin9900 | €4k | €52k | €64k | €67k | €62k | ▼ 7.0% |
| Operating profit (loss)9901 | €4k | €50k | €62k | €60k | €43k | ▼ 27.5% |
| Financial income75/76B | - | €0 | - | €0 | €978 | ▲ 814,975% |
| Recurring financial income75 | - | €0 | - | €0 | €978 | ▲ 814,975% |
| Financial charges65/66B | - | €0 | €130 | €832 | €2k | ▲ 174% |
| Recurring financial charges65 | - | €0 | €130 | €832 | €2k | ▲ 174% |
| Profit (loss) for the period before taxes9903 | €4k | €50k | €62k | €59k | €42k | ▼ 28.7% |
| Income taxes67/77 | €1k | €14k | €18k | €13k | €12k | ▼ 4.1% |
| Profit (loss) for the period9904 | €3k | €36k | €44k | €46k | €30k | ▼ 35.5% |
| Profit (loss) for the period to be appropriated9905 | €3k | €36k | €44k | €46k | €30k | ▼ 35.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €56k | €103k | €211k | €226k | ▲ 7.5% |
| Formation expenses20 | €2k | €2k | €1k | €900 | €385 | ▼ 57.2% |
| Fixed assets21/28 | - | - | €5k | €79k | €164k | ▲ 106% |
| Tangible fixed assets22/27 | - | - | €5k | €79k | €64k | ▼ 19.5% |
| Furniture and vehicles24 | - | - | €5k | €77k | €61k | ▼ 19.8% |
| Other tangible fixed assets26 | - | - | - | €3k | €3k | ▼ 11.1% |
| Financial fixed assets28 | - | - | - | - | €100k | - |
| Current assets29/58 | €15k | €55k | €96k | €130k | €62k | ▼ 52.4% |
| Amounts receivable within one year40/41 | €8k | €47k | €15k | €20k | €18k | ▼ 10.4% |
| Trade receivables40 | - | €14k | €14k | €14k | €15k | ▲ 8.7% |
| Other amounts receivable41 | - | €33k | €940 | €6k | €3k | ▼ 54.3% |
| Current investments50/53 | - | - | - | €80k | - | - |
| Cash at bank and in hand54/58 | €7k | €7k | €81k | €29k | €43k | ▲ 48.8% |
| Deferred charges and accrued income490/1 | - | - | €154 | €2k | €2k | ▼ 7.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €56k | €103k | €211k | €226k | ▲ 7.5% |
| Equity10/15 | €10k | €46k | €90k | €90k | €90k | = |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Reserves13 | €3k | €39k | €83k | €83k | €83k | = |
| Distributable reserves133 | - | €39k | €83k | €83k | €83k | = |
| Amounts payable17/49 | €7k | €10k | €12k | €120k | €136k | ▲ 13.1% |
| Amounts payable after more than one year17 | - | - | - | €51k | €38k | ▼ 25.4% |
| Financial debts170/4 | - | - | - | €51k | €38k | ▼ 25.4% |
| Amounts payable within one year42/48 | €7k | €10k | €12k | €70k | €98k | ▲ 41.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12k | €13k | ▲ 3.6% |
| Trade debts44 | €169 | €220 | €640 | €911 | €1k | ▲ 35.2% |
| Suppliers440/4 | - | €220 | €640 | €911 | €1k | ▲ 35.2% |
| Taxes, remuneration and social security45 | - | €10k | €11k | €9k | €7k | ▼ 23.6% |
| Taxes450/3 | - | €10k | €11k | €9k | €7k | ▼ 23.6% |
| Other amounts payable47/48 | - | €60 | €563 | €47k | €77k | ▲ 64.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €36k | €44k | €46k | €30k | ▼ 35.5% |
| + Depreciation and write-downs630 | €130 | €515 | €979 | €6k | €17k | ▲ 178% |
| Operating cash flow (approximation) | €3k | €36k | €45k | €52k | €47k | ▼ 10.2% |
| Investment in fixed assets (approximation) | - | - | - | €-80k | €-102k | ▼ 26.4% |
| Change in cash | - | €106 | €74k | €-53k | €14k | ▲ 127% |
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
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €46k ▲5%
Net result €46k, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 5.39
Current ratio from 2.14 to 5.39.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Destelbergen · 1 establishment unit since 2020
Ground area
496 m²
Building footprint
101 m²
Volume, LiDAR
587 m³
Parcel 44013B0306/00P000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Azaer
since 20202.305.335.949
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013B0306/00P000 | Flanders | 496 m² | 1 · 100 m² | 7.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,850 EUR awarded · 2,850 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,140 EUR | 1,140 EUR |
| 2024 | 1 | 885 EUR | 885 EUR |
| 2022 | 1 | 825 EUR | 825 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,466 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.