Azalea Vision
ActiveSummary
The annual accounts of Azalea Vision for fiscal year 2025 show a net loss of 169% of total assets. The 2025 annual accounts show equity of €1.4m and a net result of -€3.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 80% of 639 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+50
Solvency99▲+99
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.54 against 0.42 in 2024; short-term debt: 25.9% and cash: 54.2% of total assets), and 25.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
14 d early
2024
8 d late
2023
84 d late
2022
213 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 64 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed 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 31 August (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€1.4m
2024 · -€2.5m
Total assets
€1.9m▲ 41.7%
2024 · €1.4m
Net result
-€3.3m▼ 102%
2024 · -€1.6m
Working capital
€1.3m
2024 · -€1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€756,395--€2.4m▼ 220%-€3.3m▼ 37.7%-€1.8m▲ 46.2%-€3.4m▼ 89.5%
Net result-€758,456below the sector's middle half--€2.4mbelow the sector's middle half▼ 221%-€3.3mbelow the sector's middle half▼ 35.7%-€1.6mbelow the sector's middle half▲ 51.0%-€3.3mbelow the sector's middle half▼ 102%
Equity€7.0mabove the sector's middle half-€2.6mabove the sector's middle half▼ 63.2%-€924,797below the sector's middle half-€2.5mbelow the sector's middle half▼ 175%€1.4mabove the sector's middle half
Total assets€7.2mabove the sector's middle half-€3.7mabove the sector's middle half▼ 48.9%€1.6mabove the sector's middle half▼ 57.1%€1.4mwithin the sector's middle half▼ 13.9%€1.9mabove the sector's middle half▲ 41.7%
Debt€196,849-€1.1m▲ 459%€2.5m▲ 128%€3.9m▲ 55.7%€501,359▼ 87.2%
Working capital€4.9mabove the sector's middle half-€3.2mabove the sector's middle half▼ 33.9%€1.0mabove the sector's middle half▼ 69.0%-€1.7mbelow the sector's middle half€1.3mabove the sector's middle half
Solvency97.3%above the sector's middle half-70.2%within the sector's middle half▼ 27.1pp-58.3%below the sector's middle half▼ 128.5pp-186.4%below the sector's middle half▼ 128.0pp74.1%above the sector's middle half▲ 260.4pp
Current ratio25.87above the sector's middle half-11.80above the sector's middle half▼ 14.073.45within the sector's middle half▼ 8.350.42below the sector's middle half▼ 3.033.54within the sector's middle half▲ 3.12
Return on assets (ROA)-10.5%below the sector's middle half--66.0%below the sector's middle half▼ 55.5pp-208.6%below the sector's middle half▼ 142.6pp-118.6%below the sector's middle half▲ 90.0pp-169.3%below the sector's middle half▼ 50.7pp
Staff (FTE)2.8-6.3▲ 125%5.8▼ 7.9%5.4within the sector's middle half▼ 6.9%7within the sector's middle half▲ 29.6%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +51% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3.4m in 2025 against €1.8m in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€150,933 ▲ 33.7%
Current assets
€1.8m ▲ 44.0%
Equity and liabilities €1.9m
Equity
€1.4m
Debt
€501,359
Debt finances 25.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€542,473▲
2024 · -€534,532
Cash flow
€665,505▲
2024 · -€361,069
Debt to equity
0.35▲
2024 · -1.54
ROE
-228.6%
Interest coverage
16.51▲
2024 · -144.66
Debt ≤ 1 year
€501,359▼
2024 · €2.9m
Income taxes
-€133,655▲
2024 · -€178,864
Staff costs
€822,505▲
2024 · €604,177
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 3,597 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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €3.9m | - |
| Remuneration, social security and pensions62 | €79,165 | €704,146 | €643,665 | €604,177 | €822,505 | ▲ 36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €178,278 | €3.1m | €3.3m | €1.3m | €3.9m | ▲ 213% |
| Other operating charges640/8 | €101 | €122 | €516 | €1,724 | €3,515 | ▲ 104% |
| Non-recurring operating charges66A | - | - | - | - | €5,089 | - |
| Gross operating margin9900 | -€498,850 | €1.4m | €639,186 | €71,369 | €1.4m | ▲ 1,825% |
| Operating profit (loss)9901 | -€756,395 | -€2.4m | -€3.3m | -€1.8m | -€3.4m | ▼ 89.5% |
| Financial income75/76B | €38 | €702 | €0 | €17 | €22,235 | ▲ 127,684% |
| Recurring financial income75 | €38 | €702 | €0 | €17 | €22,235 | ▲ 127,684% |
| Financial charges65/66B | €2,099 | €17,583 | €9,079 | €5,418 | €32,857 | ▲ 506% |
| Recurring financial charges65 | €2,099 | €17,548 | €7,878 | €3,695 | €32,857 | ▲ 789% |
| Non-recurring financial charges66B | - | €35 | €1,201 | €1,723 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€758,456 | -€2.4m | -€3.3m | -€1.8m | -€3.4m | ▼ 89.6% |
| Income taxes67/77 | - | - | -€35,551 | -€178,864 | -€133,655 | ▲ 25.3% |
| Profit (loss) for the period9904 | -€758,456 | -€2.4m | -€3.3m | -€1.6m | -€3.3m | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | -€758,456 | -€2.4m | -€3.3m | -€1.6m | -€3.3m | ▼ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.2m | €3.7m | €1.6m | €1.4m | €1.9m | ▲ 41.7% |
| Formation expenses20 | €54,911 | €42,834 | €30,757 | €18,680 | €6,726 | ▼ 64.0% |
| Fixed assets21/28 | €2.1m | €114,447 | €139,792 | €112,919 | €150,933 | ▲ 33.7% |
| Intangible fixed assets21 | €2.0m | €61,975 | €76,495 | €56,853 | €61,739 | ▲ 8.6% |
| Tangible fixed assets22/27 | €11,923 | €15,428 | €26,252 | €19,022 | €52,149 | ▲ 174% |
| Plant, machinery and equipment23 | - | - | €5,591 | €4,328 | €3,157 | ▼ 27.1% |
| Furniture and vehicles24 | €11,923 | €15,428 | €20,662 | €14,694 | €48,993 | ▲ 233% |
| Financial fixed assets28 | €37,044 | €37,044 | €37,044 | €37,044 | €37,044 | = |
| Current assets29/58 | €5.1m | €3.5m | €1.4m | €1.2m | €1.8m | ▲ 44.0% |
| Amounts receivable after more than one year29 | - | - | €35,551 | €214,415 | €348,070 | ▲ 62.3% |
| Other amounts receivable291 | - | - | €35,551 | €214,415 | €348,070 | ▲ 62.3% |
| Amounts receivable within one year40/41 | €520,305 | €1.0m | €621,715 | €124,322 | €341,492 | ▲ 175% |
| Trade receivables40 | €4,615 | €0 | - | €615 | €143,790 | ▲ 23,268% |
| Other amounts receivable41 | €515,690 | €1.0m | €621,715 | €123,707 | €197,702 | ▲ 59.8% |
| Cash at bank and in hand54/58 | €4.5m | €2.5m | €728,023 | €875,703 | €1.0m | ▲ 19.6% |
| Deferred charges and accrued income490/1 | €22,781 | €6,498 | €29,473 | €18,905 | €39,385 | ▲ 108% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.2m | €3.7m | €1.6m | €1.4m | €1.9m | ▲ 41.7% |
| Equity10/15 | €7.0m | €2.6m | -€924,797 | -€2.5m | €1.4m | ▲ 156% |
| Contributions10/11 | €7.8m | €7.8m | €7.8m | €7.8m | €15.0m | ▲ 93.0% |
| Profit (loss) carried forward14 | -€758,456 | -€5.2m | -€8.7m | -€10.3m | -€13.6m | ▼ 31.7% |
| Amounts payable17/49 | €196,849 | €1.1m | €2.5m | €3.9m | €501,359 | ▼ 87.2% |
| Amounts payable after more than one year17 | - | - | €2.1m | €0 | - | - |
| Financial debts170/4 | - | - | €2.1m | €0 | - | - |
| Amounts payable within one year42/48 | €196,849 | €299,664 | €410,108 | €2.9m | €501,359 | ▼ 83.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2.1m | €0 | ▼ 100% |
| Trade debts44 | €188,514 | €178,792 | €258,261 | €372,234 | €365,272 | ▼ 1.9% |
| Suppliers440/4 | €188,514 | €178,792 | €258,261 | €372,234 | €365,272 | ▼ 1.9% |
| Taxes, remuneration and social security45 | €8,335 | €120,872 | €151,847 | €137,731 | €135,815 | ▼ 1.4% |
| Taxes450/3 | - | - | €19,336 | €0 | €266 | - |
| Remuneration and social security454/9 | €8,335 | €120,872 | €132,511 | €137,731 | €135,549 | ▼ 1.6% |
| Other amounts payable47/48 | - | - | - | €337,444 | €272 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | €801,624 | €0 | €961,174 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€758,456 | -€2.4m | -€3.3m | -€1.6m | -€3.3m | ▼ 102% |
| + Depreciation and write-downs630 | €178,278 | €3.1m | €3.3m | €1.3m | €3.9m | ▲ 213% |
| Operating cash flow (approximation) | -€580,178 | €669,931 | €21,477 | -€361,069 | €665,505 | ▲ 284% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€3.4m | -€1.2m | -€4.0m | ▼ 223% |
| Change in cash | - | -€2.0m | -€1.8m | €147,680 | €171,444 | ▲ 16.1% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
02-07
State Gazette act
Resignations: FPCI PSL INNOVATION FUND (director) and Kao Sung-Ya (director)Appointment: Te-Seheng YANG (director) · Share class · Statutes amendment18 facts ▸
State Gazette act
Resignations: FPCI PSL INNOVATION FUND (director) and Kao Sung-Ya (director)
Appointment: Te-Seheng YANG (director) · Share class · Statutes amendment18 facts ▸
- General meeting, 22-06-2026
- Other statement, kennisname van de verslagen
- Share class, Soort Preferente E Aandelen, creatie
- Statutes amendment, 5
- Capital increase, €400.000
- Capital
- Financial instrument, voormelde inschrijvingsrechtenplan, 504392
- Other statement, afstand van het voorkeurrecht
- Other statement, inschrijving op de inschrijvingsrechten, inschrijvers verklaarden volledig op de hoogte te zijn van de statuten en de financiële toestand van de Vennootschap
- Capital increase
- Director resignation, FPCI PSL INNOVATION FUND (director)
- Director resignation, Kao Sung-Ya (director)
- +6 further facts in this act
2025
31-12
Financial
Liquidity times 8current ratio 3.54
Current ratio from 0.42 to 3.54; short-term debt falls from €2.9m to €501,359.
31-12
Financial
Equity above €1mEq €1.4m
Equity rises from -€2.5m to €1.4m.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
29-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 213 days late
2023
31-12
Financial
Weakest financial yearnet -€3.3m
Net result drops to -€3.3m, the lowest in the series; recovery starts the following year.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
Te-Seheng YANG
CurrentDirector · since 02-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2020
Ground area
3,594 m²
Building footprint
1,214 m²
Parcel 44082B0100/00H000, Flanders. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
Azalea Vision
since 20202.307.771.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0100/00H000 | Flanders | 3,594 m² | 1 · 1,214 m² | - |
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.
Mandate history
3 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Te-Seheng YANG |
|
| FPCI PSL INNOVATION FUND |
|
| Kao Sung-Ya |
|
Structure & network
Owners and holdings
2 ownersOwners 2
-
21.16%
-
18.47%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 354,447 EUR awarded · 354,447 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | -405,137 EUR | 0 EUR |
| 2024 | 1 | 405,137 EUR | 106,158 EUR |
| 2022 | 2 | 354,447 EUR | 248,289 EUR |
European Union, budget
2024 · 1 entry · 1,748,500 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 1,748,500 EUR |
Projects
GAIA - GRAPHENE-BASED ARTIFICIAL IRIS FOR ACTIVE LIGHT MANAGEMENT IN A SMART CONTACT LENS
European research
1 project · 1 as coordinator · 1,748,500 EUR EU contributionProgrammes
Projects
Graphene-based Artificial Iris for Active light management in a smart contact lens
Similar companies · same sector, comparable size
DOKTER LUC ENGELS
BE 0476.815.178
Wemmel · Eq €1,435,175
BASALTEX
BE 0533.741.609
Wevelgem · Eq €1,427,799
THEOREMA
BE 0824.097.647
Antwerpen · Eq €1,439,592
DRS. REMANS REUMATOLOGIE
BE 0822.082.423
Genk · Eq €1,451,007
Bridge2Health
BE 0840.607.146
Liège · Eq €1,464,330
Of 4,560 companies in sector 74999 we hold annual accounts for 1,935. 712 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
Founded04-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
32500Manufacture of medical and dental instruments and supplies
74999Other professional, scientific and technical activities
63920Other information service activities
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753715734
Also
9925:BE0753715734
Registered
27-03-2026
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.