Azalea Vision
Board
8 directors, 1 in day-to-day management, 1 auditor, no change since July 2026Director (not named in the articles)
since 06-07-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 17-07-2026
Director (not named in the articles)
since 06-07-2021
term without a fixed end
earlier director, until 06-07-2021
listed in the 2025 annual accounts, filed on 17-07-2026
Director (not named in the articles), permanent representative
since 06-07-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 17-07-2026
3 other companies bankruptIndependent director
since 06-07-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 17-07-2026
Director (not named in the articles), permanent representative
since 06-07-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 17-07-2026
CEO, permanent representative
appointed by deed of 06-09-2021
3-year term from 2025
earlier director, until 06-07-2021
also on the board of 1 other company
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Externe vertegenwoordiging Onverminderd de algemene vertegenwoordigingsmacht van het Bestuursorgaan als college, wordt de Vennootschap…”deed of 04-03-2025
Permanent representatives 3
Mandates through the years
14 names, the dashed line is todayFounder and director
Director (not named in the articles)
Investeerder bestuurder aangeduid door imec.xpand
Independent director
Investeerder bestuurder aangeduid door sensinnovat
Independent director
Director
Director
CEO
Statutory auditor
Director (not named in the articles)
Director (not named in the articles)
Investeerder bestuurder aangeduid door elaia
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 08-09-2020, until 06-07-2021
- Director (not named in the articles), appointed by deed of 08-09-2020, ended, last mentioned on 08-09-2020
- Founder and director, from 06-07-2021 to date
-
- Director (not named in the articles), from 06-07-2021 to date
-
- Investeerder bestuurder aangeduid door imec.xpand, from 06-07-2021 to date
-
- Independent director, from 06-07-2021 to date
-
- Investeerder bestuurder aangeduid door sensinnovat, from 06-07-2021 to date
-
- Independent director, since before 31-12-2024
-
- Director, since before 31-12-2025
-
- Director, appointed by deed of 02-07-2026, still in office
-
- Director (not named in the articles), appointed by deed of 08-09-2020, until 06-07-2021
- Director (not named in the articles), appointed by deed of 08-09-2020, last mentioned in 2020
- Director (not named in the articles), appointed by deed of 08-09-2020, last mentioned in 2020
- CEO, appointed by deed of 06-09-2021, still in office
-
- Statutory auditor, from 20-12-2023 to date
-
- Director (not named in the articles), from 06-07-2021 to 22-05-2026
-
- Director (not named in the articles), from before 31-12-2024 to 26-01-2026
-
- Investeerder bestuurder aangeduid door elaia, from 31-12-2020, no longer listed in the 2025 annual accounts
-
- Director, until 06-07-2021
Control
Shareholder
Equity €1.35bn
Profit €67.8m in 2025 (loss €10.2m in 2024)
21.16%
This company
Azalea Vision
Equity €1.4m
Loss €3.3m in 2025
Capital
- Contribution
- €15,045,120
- Shares
- 2,433,106 in the deed of 08-09-2020 and 5 later capital increases
- Contribution per share
- €6.18
- Equity per share
- €0.59 in 2025
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
-
- 2021 to 2022: 21.8%
- 2023 to 2024: 21.76%
- 2025: 21.16%
-
- 2021 to 2024: 18.5%
- 2025: 18.47%
-
- 2022 to 2024: 16.32%
Source: lists of holdings in the owners' accounts
Articles of association
deed of 04-03-2025 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At most 7 directors“Oprichter Bestuurder, Oprichters die beschouwd worden als Bad Leaver of Good Leaver zoals gedefinieerd in Aandeelhoudersovereenkomst”“Andere Investeerder Bestuurder”“Strategische Bestuurder, indien en zolang minstens 5% van uitstaande Aandelen op Volledig Verwaterde basis houdt”“Tail Closing Bestuurder, in overeenstemming met hetgeen en onder voorwaarden bepaald in Aandeelhoudersovereenkomst”“Voorzitter, één van Onafhankelijke Bestuurders”“Binnen redelijke termijn vóór datum vergadering,behalve in geval van hoogdringendheid, elke Oprichter die (i) ook Bestuurder is en (ii) Good…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 14:00
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Kan op elk moment worden ontbonden door beslissing algemene vergadering met inachtneming vereisten statutenwijziging”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Alle machten artikel 2:87 WVV zonder bijzondere machtiging algemene vergadering, algemene vergadering kan te allen tijde bevoegdheden bij…”
Shareholders
2 ownersOwners 2
- Equity €1.35bn Profit of €67.8m in 2025 (loss of €10.2m in 2024)Sourceaccounts 202521.16%
- Equity €66.9m Loss of €6.5m in 2025 (loss of €18.5m in 2024) Checked scoreSourceaccounts 202518.47%
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 08-09-2020 ↗
- 120,000 shares (60%)
- 60,000 shares (30%)
- 20,000 shares (10%)
Capital over time
- 02-07-2026 Capital increase of €400,000 · no new shares · in cash
- 04-03-2025 Capital increase of €2,100,000 · 300,000 new shares · in kind
- 04-03-2025 Capital increase of €5,149,970 · 588,568 new shares at €8.75 per share · in cash
- 23-07-2021 Converted to unavailable equity · €20,000
- 23-07-2021 Capital increase of €1,500,000 · 214,286 new shares · in kind
- 23-07-2021 Capital increase of €6,290,000 · 898,571 new shares at €7 per share · in cash
- 23-07-2021 Capital increase · 231,681 new shares
- 08-09-2020 Incorporation · €20,000 · 200,000 shares
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off3 other companies of this director went bankrupt (2025, 2026).
- bankruptcy on 16-04-2026mandate 2020 to 2024
- bankruptcy on 12-06-2025appointed in 2023, still in office
- bankruptcy on 15-04-2025appointed in 2022, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.