Azalées
ActiveSummary
Azalées has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€1.1m) and a net result of -€551,183. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 692 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 0.4 in 2023; short-term debt: 111.9% and cash: 18.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
-38.8%
Return on assets
-18.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.1m
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
415 d late
2022
31 d late
2021
25 d late
2020
60 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 123 days after the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 24% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#1 oldest company in Evere, Health and social work sector#5 company by total assets in Evere, Health and social work sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€551,183▼ 22.3%
2023 · -€450,784
Working capital
-€1.8m▼ 29.7%
2023 · -€1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 87, Residential care 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
Line20202021202220232024
Operating result-€11,383€10,016-€80,696-€418,606▼ 419%-€538,146▼ 28.6%
Net result-€60,255below the sector's middle half-€26,007below the sector's middle half▲ 56.8%-€124,583below the sector's middle half▼ 379%-€450,784below the sector's middle half▼ 262%-€551,183below the sector's middle half▼ 22.3%
Equity€15,194below the sector's middle half▼ 79.9%-€10,813below the sector's middle half-€135,396below the sector's middle half▼ 1,152%-€586,180below the sector's middle half▼ 333%-€1.1mbelow the sector's middle half▼ 94.0%
Total assets€2.9mwithin the sector's middle half▼ 8.8%€2.7mwithin the sector's middle half▼ 4.5%€2.9mwithin the sector's middle half▲ 6.9%€2.5mwithin the sector's middle half▼ 15.0%€2.9mwithin the sector's middle half▲ 18.1%
Debt€2.8m▼ 7.2%€2.7m▼ 3.7%€3.0m▲ 11.7%€3.0m▲ 0.4%€4.0m▲ 33.2%
Working capital-€6,236within the sector's middle half-€260,399below the sector's middle half▼ 4,076%-€156,377below the sector's middle half▲ 39.9%-€1.4mbelow the sector's middle half▼ 785%-€1.8mbelow the sector's middle half▼ 29.7%
Solvency0.5%below the sector's middle half▼ 1.9pp-0.4%below the sector's middle half▼ 0.9pp-4.6%below the sector's middle half▼ 4.2pp-23.6%below the sector's middle half▼ 19.0pp-38.8%below the sector's middle half▼ 15.2pp
Current ratio1.00within the sector's middle half▼ 0.130.84below the sector's middle half▼ 0.150.91within the sector's middle half▲ 0.070.40below the sector's middle half▼ 0.510.45below the sector's middle half▲ 0.05
Return on assets (ROA)-2.1%below the sector's middle half▼ 5.4pp-1.0%within the sector's middle half▲ 1.2pp-4.3%below the sector's middle half▼ 3.3pp-18.2%below the sector's middle half▼ 13.9pp-18.8%below the sector's middle half▼ 0.6pp
Staff (FTE)95.8above the sector's middle half▼ 0.1%98.7above the sector's middle half▲ 3.0%101.9above the sector's middle half▲ 3.2%103.5above the sector's middle half▲ 1.6%112.5above the sector's middle half▲ 8.7%
above
within
below
the middle half (P25 to P75) of NACE 87, Residential care activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €538,146 in 2024 against €418,606 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€1.4m ▼ 7.1%
Current assets
€1.5m ▲ 60.4%
Key figures and ratios
EBITDA
-€230,642▼
2023 · -€143,818
Cash flow
-€243,679▼
2023 · -€175,997
Quick ratio
0.45▲
2023 · 0.40
Debt to equity
-3.53▲
2023 · -5.14
Interest coverage
-4.17▼
2023 · -2.91
Debt ≤ 1 year
€3.3m▲
2023 · €2.3m
Debt > 1 year
€699,103▲
2023 · €496,327
Income taxes
€614▼
2023 · €776
Staff costs
€6.6m▲
2023 · €6.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 109 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 80% are still going.
- Medium-sized
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
11%
stopped otherwise
80%
still going
A further 3.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 109 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €27,375 | €5,494 | - | - | - |
| Remuneration, social security and pensions62 | - | €4.6m | €5.0m | €6.0m | €6.6m | ▲ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €386,204 | €349,722 | €294,971 | €274,788 | €307,504 | ▲ 11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €9,001 | -€9,001 | ▼ 200% |
| Other operating charges640/8 | - | €134,831 | €148,885 | €165,200 | €391,051 | ▲ 137% |
| Non-recurring operating charges66A | - | €79,075 | €27,865 | €306,089 | €83,701 | ▼ 72.7% |
| Gross operating margin9900 | €5.0m | €5.2m | €5.4m | €6.3m | €6.8m | ▲ 7.8% |
| Operating profit (loss)9901 | -€11,383 | €10,016 | -€80,696 | -€418,606 | -€538,146 | ▼ 28.6% |
| Financial income75/76B | - | - | - | €18,012 | €42,885 | ▲ 138% |
| Recurring financial income75 | - | - | - | €18,012 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | €18,012 | €42,885 | ▲ 138% |
| Financial charges65/66B | - | €35,730 | €43,645 | €49,415 | €55,308 | ▲ 11.9% |
| Recurring financial charges65 | €48,582 | €35,730 | €43,645 | €49,415 | €55,308 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | -€59,965 | -€25,714 | -€124,341 | -€450,008 | -€550,568 | ▼ 22.3% |
| Income taxes67/77 | €290 | €293 | €242 | €776 | €614 | ▼ 20.8% |
| Profit (loss) for the period9904 | -€60,255 | -€26,007 | -€124,583 | -€450,784 | -€551,183 | ▼ 22.3% |
| Profit (loss) for the period to be appropriated9905 | -€60,255 | -€26,007 | -€124,583 | -€450,784 | -€551,183 | ▼ 22.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.7m | €2.9m | €2.5m | €2.9m | ▲ 18.1% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1.5m | €1.3m | €1.3m | €1.6m | €1.4m | ▼ 7.1% |
| Intangible fixed assets21 | €385,303 | €298,695 | €233,145 | €191,292 | €114,085 | ▼ 40.4% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €1.1m | €1.4m | €1.3m | ▼ 2.4% |
| Plant, machinery and equipment23 | - | €738,373 | €908,188 | €1.1m | €1.2m | ▲ 4.3% |
| Furniture and vehicles24 | - | €275,313 | €188,731 | €248,053 | €167,862 | ▼ 32.3% |
| Current assets29/58 | €1.3m | €1.4m | €1.6m | €924,170 | €1.5m | ▲ 60.4% |
| Stocks and contracts in progress3 | €10,140 | €9,301 | €11,099 | €6,938 | €9,980 | ▲ 43.8% |
| Stocks30/36 | - | €9,301 | €11,099 | €6,938 | €9,980 | ▲ 43.8% |
| Amounts receivable within one year40/41 | €538,135 | €662,688 | €718,940 | €683,077 | €599,177 | ▼ 12.3% |
| Trade receivables40 | - | €662,378 | €717,882 | €681,112 | €598,824 | ▼ 12.1% |
| Other amounts receivable41 | - | €310 | €1,058 | €1,965 | €353 | ▼ 82.1% |
| Cash at bank and in hand54/58 | €288,094 | €287,347 | €313,184 | €57,823 | €538,223 | ▲ 831% |
| Deferred charges and accrued income490/1 | - | €457,556 | €545,150 | €176,331 | €335,240 | ▲ 90.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.7m | €2.9m | €2.5m | €2.9m | ▲ 18.1% |
| Equity10/15 | €15,194 | -€10,813 | -€135,396 | -€586,180 | -€1.1m | ▼ 94.0% |
| Contributions10/11 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Reserves13 | €57,182 | €57,182 | €57,182 | €57,181 | €57,181 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €55,322 | €55,322 | €55,322 | €55,322 | = |
| Profit (loss) carried forward14 | -€2.3m | -€2.3m | -€2.5m | -€2.9m | -€3.5m | ▼ 18.9% |
| Provisions and deferred taxes16 | €51,000 | €51,000 | €51,000 | €51,000 | €51,000 | = |
| Provisions for liabilities and charges160/5 | - | €51,000 | €51,000 | €51,000 | €51,000 | = |
| Major repairs and maintenance162 | - | €51,000 | €51,000 | €51,000 | €51,000 | = |
| Amounts payable17/49 | €2.8m | €2.7m | €3.0m | €3.0m | €4.0m | ▲ 33.2% |
| Amounts payable after more than one year17 | €1.3m | €923,845 | €1.0m | €496,327 | €699,103 | ▲ 40.9% |
| Other amounts payable178/9 | - | €923,845 | €1.0m | €496,327 | €699,103 | ▲ 40.9% |
| Amounts payable within one year42/48 | €1.3m | €1.7m | €1.7m | €2.3m | €3.3m | ▲ 42.0% |
| Trade debts44 | €452,501 | €676,308 | €964,029 | €1.6m | €1.8m | ▲ 9.9% |
| Suppliers440/4 | - | €676,308 | €964,029 | €1.6m | €1.8m | ▲ 9.9% |
| Advances received on contracts in progress46 | - | €62,866 | €4,165 | €3,665 | - | - |
| Taxes, remuneration and social security45 | - | €937,017 | €776,556 | €682,578 | €1.5m | ▲ 119% |
| Taxes450/3 | - | €104,298 | €110,210 | €45,456 | €178,122 | ▲ 292% |
| Remuneration and social security454/9 | - | €832,719 | €666,346 | €637,121 | €1.3m | ▲ 107% |
| Other amounts payable47/48 | - | €1,100 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €87,950 | €216,041 | €211,630 | €38,642 | ▼ 81.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,255 | -€26,007 | -€124,583 | -€450,784 | -€551,183 | ▼ 22.3% |
| + Depreciation and write-downs630 | €386,204 | €349,722 | €294,971 | €274,788 | €307,504 | ▲ 11.9% |
| Operating cash flow (approximation) | €325,949 | €323,715 | €170,388 | -€175,997 | -€243,679 | ▼ 38.5% |
| Investment in fixed assets (approximation) | - | -€129,514 | -€312,654 | -€501,196 | -€197,738 | ▲ 60.5% |
| Change in cash | - | -€747 | €25,837 | -€255,361 | €480,400 | ▲ 288% |
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
14-07
State Gazette act
Resignation: Cécile Eudier (director and day-to-day manager)2 facts ▸
State Gazette act
Resignation: Cécile Eudier (director and day-to-day manager)
2 facts ▸
- General meeting, 22-04-2026
- Director resignation, Cécile Eudier (director and day-to-day manager)
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 119 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 415 days late
2024
31-12
Financial
Weakest financial yearnet -€551,183
Net result drops to -€551,183, the lowest in the series.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
31-12
Financial
Back to profitnet €104,077
Net result €104,077 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 22 acts read
About the unread acts
Of the 22 Belgian State Gazette acts we know for this company, 1 has been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
21 of this company's 22 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, Evere · 1 establishment unit since 1980
Ground area
4,414 m²
Building footprint
2,392 m²
Volume, LiDAR
33,286 m³
Parcel 21372C0111/00D000, Brussels · tallest building 23.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Résidence Azalées sprl
since 19802.021.351.128
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0111/00D000 | Brussels | 4,414 m² | 1 · 2,392 m² | 22.9 m · 5 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.
Mandate history
1 person since 2026, 0 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Cécile Eudier |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Bidco Emera SASFR
- EMERA INTERNATIONAL
- Novadia
- Azalées
Highest known parent: Bidco Emera SAS (France). The sources do not say who stands above it.
Owners 1
- Novadiaparent100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of Azalées and those 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvere2.021.351.128
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Identification & contact
Identification
Legal formPrivate limited company
Founded13-05-1980
Fiscal year end31-12
Activities, NACEBEL 2025
87301Residential care activities
Contact
E-mail
fgracchus@emera.fr
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420580320
Registered
16-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.