AZALEA
ActiveSummary
The computed 12-month bankruptcy probability of AZALEA is 2.5% (moderate). The 2025 annual accounts show equity of €174,450 and a net result of -€9,498. Equity is growing by ~16% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 56.13; short-term debt: 1.1% and cash: 43.6% of total assets), and 1.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€9,498
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 6 filingsDeviation from the deadline
2025
27 d late
2024
14 d early
2023
44 d early
2022
9 d late
2021
27 d early
2020
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€174,450▼ 5.2%
2024 · €183,949
Total assets
€176,429▼ 4.1%
2024 · €184,022
Net result
-€9,498▲ 20.0%
2024 · -€11,870
Working capital
€109,067▼ 13.1%
2024 · €125,579
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
Line20212022202320242025
Operating result-€1,592▲ 72.5%€180,796-€16,320-€11,957▲ 26.7%-€9,582▲ 19.9%
Net result-€1,651▲ 71.6%€130,643-€16,326-€11,870▲ 27.3%-€9,498▲ 20.0%
Equity€81,501▼ 2.0%€212,144▲ 160%€195,819▼ 7.7%€183,949▼ 6.1%€174,450▼ 5.2%
Total assets€81,755▼ 4.4%€262,269▲ 221%€195,899▼ 25.3%€184,022▼ 6.1%€176,429▼ 4.1%
Debt€254▼ 89.1%€50,125▲ 19,626%€80▼ 99.8%€73▼ 8.4%€1,978▲ 2,596%
Working capital€5,168€151,041▲ 2,823%€134,091▼ 11.2%€125,579▼ 6.3%€109,067▼ 13.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,582 in 2025 against €11,957 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €176,429
Fixed assets
€65,383 ▲ 12.0%
Current assets
€111,046 ▼ 11.6%
Equity and liabilities €176,429
Equity
€174,450 ▼ 5.2%
Debt
€1,978 ▲ 2,596%
Debt's share of the balance-sheet total rises from 0.0% to 1.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,260▲
2024 · -€8,599
Cash flow
-€6,175▲
2024 · -€8,512
Current ratio
56.13
Debt to equity
0.01▲
2024 · 0.00
ROE
-5.4%▲
2024 · -6.5%
ROA
-5.4%▲
2024 · -6.5%
Interest coverage
-83.46▲
2024 · -117.00
Debt ≤ 1 year
€1,978▲
2024 · €73
Income taxes
€67▼
2024 · €73
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,442 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €195,453 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,517 | €2,930 | €3,793 | €3,358 | €3,323 | ▼ 1.0% |
| Other operating charges640/8 | €4,300 | €4,314 | €4,151 | €4,178 | €4,298 | ▲ 2.9% |
| Non-recurring operating charges66A | - | €16,823 | €0 | - | - | - |
| Gross operating margin9900 | €11,224 | €204,863 | -€8,376 | -€4,421 | -€1,962 | ▲ 55.6% |
| Operating profit (loss)9901 | -€1,592 | €180,796 | -€16,320 | -€11,957 | -€9,582 | ▲ 19.9% |
| Financial income75/76B | €6 | €42 | €115 | €234 | €227 | ▼ 3.1% |
| Recurring financial income75 | €6 | €42 | €115 | €234 | €227 | ▼ 3.1% |
| Financial charges65/66B | €64 | €69 | €69 | €74 | €75 | ▲ 2.0% |
| Recurring financial charges65 | €64 | €69 | €69 | €74 | €75 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | -€1,651 | €180,768 | -€16,274 | -€11,797 | -€9,431 | ▲ 20.1% |
| Income taxes67/77 | - | €50,125 | €52 | €73 | €67 | ▼ 8.2% |
| Profit (loss) for the period9904 | -€1,651 | €130,643 | -€16,326 | -€11,870 | -€9,498 | ▲ 20.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,651 | €130,643 | -€16,326 | -€11,870 | -€9,498 | ▲ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,755 | €262,269 | €195,899 | €184,022 | €176,429 | ▼ 4.1% |
| Fixed assets21/28 | €76,333 | €61,104 | €61,727 | €58,370 | €65,383 | ▲ 12.0% |
| Tangible fixed assets22/27 | €76,333 | €61,104 | €61,727 | €58,370 | €65,383 | ▲ 12.0% |
| Land and buildings22 | €76,333 | €59,647 | €60,800 | €57,972 | €65,383 | ▲ 12.8% |
| Plant, machinery and equipment23 | - | €1,457 | €927 | €397 | €0 | ▼ 100% |
| Current assets29/58 | €5,422 | €201,165 | €134,171 | €125,652 | €111,046 | ▼ 11.6% |
| Amounts receivable within one year40/41 | €584 | €626 | €3,742 | €3,975 | €4,620 | ▲ 16.2% |
| Other amounts receivable41 | €584 | €626 | €3,742 | €3,975 | €4,620 | ▲ 16.2% |
| Current investments50/53 | - | - | - | - | €28,188 | - |
| Cash at bank and in hand54/58 | €4,190 | €199,679 | €129,200 | €120,431 | €76,973 | ▼ 36.1% |
| Deferred charges and accrued income490/1 | €647 | €860 | €1,229 | €1,246 | €1,265 | ▲ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,755 | €262,269 | €195,899 | €184,022 | €176,429 | ▼ 4.1% |
| Equity10/15 | €81,501 | €212,144 | €195,819 | €183,949 | €174,450 | ▼ 5.2% |
| Contributions10/11 | €14,510 | €14,510 | €14,510 | €14,510 | €14,510 | = |
| Reserves13 | €68,641 | €197,634 | €181,308 | €169,438 | €159,940 | ▼ 5.6% |
| Distributable reserves133 | €68,641 | €197,634 | €181,308 | €169,438 | €159,940 | ▼ 5.6% |
| Profit (loss) carried forward14 | -€1,651 | - | - | - | - | - |
| Amounts payable17/49 | €254 | €50,125 | €80 | €73 | €1,978 | ▲ 2,596% |
| Amounts payable within one year42/48 | €254 | €50,125 | €80 | €73 | €1,978 | ▲ 2,596% |
| Trade debts44 | €254 | - | €28 | €0 | €1,838 | - |
| Suppliers440/4 | €254 | - | €28 | €0 | €1,838 | - |
| Taxes, remuneration and social security45 | - | €50,125 | €52 | €73 | €141 | ▲ 91.8% |
| Taxes450/3 | - | €50,125 | €52 | €73 | €141 | ▲ 91.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,651 | €130,643 | -€16,326 | -€11,870 | -€9,498 | ▲ 20.0% |
| + Depreciation and write-downs630 | €8,517 | €2,930 | €3,793 | €3,358 | €3,323 | ▼ 1.0% |
| Operating cash flow (approximation) | €6,866 | €133,574 | -€12,532 | -€8,512 | -€6,175 | ▲ 27.5% |
| Investment in fixed assets (approximation) | - | €12,299 | -€4,417 | €0 | -€10,336 | - |
| Change in cash | - | €195,489 | -€70,479 | -€8,769 | -€43,458 | ▼ 396% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€16,326
Net result drops to -€16,326, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 417current ratio 1675.05
Current ratio from 4.01 to 1675.05; short-term debt falls from €50,125 to €80.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Back to profitnet €130,643
Net result €130,643 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €212,144 ▲160%
Equity rises from €81,501 to €212,144.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 79current ratio 21.34
Current ratio from 0.27 to 21.34; short-term debt falls from €2,326 to €254.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
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, Hove · 1 establishment unit since 2020
Ground area
405 m²
Building footprint
120 m²
Volume, LiDAR
666 m³
Parcel 11021A0057/00X003, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Azalealei 22, 2540 Hove
since 20202.306.683.160
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021A0057/00X003 | Flanders | 405 m² | 1 · 120 m² | 10.7 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded14-07-2020
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750641527
Also
9925:BE0750641527
Registered
29-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.