AZAZ
ActiveSummary
The computed 12-month bankruptcy probability of AZAZ is 1.6% (moderate). The 2024 annual accounts show equity of €1,153 and a net result of €8,442. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 6159 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+51
Solvency27▲+14
Growth59▲+17
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.1 against 0.09 in 2023; short-term debt: 94.8% and cash: 5.1% of total assets), and 97.7% 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
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
2.3%
Return on assets
17.1%
Age of the figures
21 mo
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 · 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 09-03-2026, 221 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
221 d late
2023
107 d late
2022
473 d late
2021
115 d late
2020
37 d late
2019
70 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 171 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
€156,962▲ 32.4%
2022 · €118,530
EBIT margin
-2.6%▼ 6.6pp
2022 · 4.0%
Net result
€8,442
2023 · -€6,173
Working capital
-€42,179▼ 1.5%
2023 · -€41,546
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
Line20202021202220232024
Turnover€133,214€118,530▼ 11.0%€156,962▲ 32.4%
Operating result-€9,803▼ 2,118%€9,784€4,736▼ 51.6%-€4,050€9,291
Net result-€12,070▼ 2,585%€5,556-€351-€6,173▼ 1,658%€8,442
EBIT margin7.3%4.0%▼ 3.3pp-2.6%▼ 6.6pp
Equity-€6,320-€764▲ 87.9%-€1,115▼ 46.0%-€7,288▼ 554%€1,153
Total assets€37,837▲ 271%€77,594▲ 105%€67,632▼ 12.8%€58,681▼ 13.2%€49,311▼ 16.0%
Debt€44,157▲ 895%€78,358▲ 77.5%€68,747▼ 12.3%€65,969▼ 4.0%€48,158▼ 27.0%
Working capital€5,322▲ 49.9%-€17,443-€37,096▼ 113%-€41,546▼ 12.0%-€42,179▼ 1.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9,291 after a loss of €4,050 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49,311
Fixed assets
€44,727 ▼ 18.1%
Current assets
€4,584 ▲ 12.1%
Equity and liabilities €49,311
Equity
€1,153
Debt
€48,158
Debt finances 97.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€19,156▲
2023 · €5,543
Cash flow
€18,306▲
2023 · €3,419
Current ratio
0.10▲
2023 · 0.09
Debt to equity
41.75▲
2023 · -9.05
ROE
731.9%
ROA
17.1%▲
2023 · -10.5%
Debt ≤ 1 year
€46,763▲
2023 · €45,635
Debt > 1 year
€1,395▼
2023 · €20,334
Income taxes
€850
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €133,214 | €118,530 | €156,962 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €122,858 | €111,370 | €143,461 | - | - |
| Remuneration, social security and pensions62 | - | €23 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,333 | - | - | €9,593 | €9,864 | ▲ 2.8% |
| Other operating charges640/8 | - | €550 | €2,424 | €7,958 | €16,303 | ▲ 105% |
| Gross operating margin9900 | -€8,014 | €10,356 | €7,160 | €13,501 | €35,459 | ▲ 163% |
| Operating profit (loss)9901 | -€9,803 | €9,784 | €4,736 | -€4,050 | €9,291 | ▲ 329% |
| Financial income75/76B | - | - | €110 | €31 | - | - |
| Recurring financial income75 | €26 | - | €110 | €31 | - | - |
| Financial charges65/66B | - | €4,228 | €4,570 | €2,154 | - | - |
| Recurring financial charges65 | €2,294 | €4,228 | €4,570 | €2,154 | - | - |
| Profit (loss) for the period before taxes9903 | -€12,070 | €5,556 | €277 | -€6,173 | €9,291 | ▲ 251% |
| Income taxes67/77 | - | - | €628 | - | €850 | - |
| Profit (loss) for the period9904 | -€12,070 | €5,556 | -€351 | -€6,173 | €8,442 | ▲ 237% |
| Profit (loss) for the period to be appropriated9905 | -€12,070 | €5,556 | -€351 | -€6,173 | €8,442 | ▲ 237% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,837 | €77,594 | €67,632 | €58,681 | €49,311 | ▼ 16.0% |
| Fixed assets21/28 | €9,899 | €52,526 | €59,626 | €54,592 | €44,727 | ▼ 18.1% |
| Tangible fixed assets22/27 | €6,599 | €49,226 | €56,326 | €51,292 | €41,427 | ▼ 19.2% |
| Plant, machinery and equipment23 | - | €11,499 | €18,599 | €17,337 | €11,246 | ▼ 35.1% |
| Furniture and vehicles24 | - | €2,727 | €2,727 | €2,454 | €2,182 | ▼ 11.1% |
| Leasing and similar rights25 | - | €35,000 | €35,000 | €31,500 | €28,000 | ▼ 11.1% |
| Financial fixed assets28 | €3,300 | €3,300 | €3,300 | €3,300 | €3,300 | = |
| Current assets29/58 | €27,939 | €25,068 | €8,006 | €4,089 | €4,584 | ▲ 12.1% |
| Amounts receivable within one year40/41 | €27,527 | €24,463 | €3,200 | €2,890 | €2,078 | ▼ 28.1% |
| Trade receivables40 | - | €24,463 | - | - | - | - |
| Other amounts receivable41 | - | - | €3,200 | €2,890 | €2,078 | ▼ 28.1% |
| Cash at bank and in hand54/58 | €411 | €518 | €4,806 | €1,199 | €2,506 | ▲ 109% |
| Deferred charges and accrued income490/1 | - | €88 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,837 | €77,594 | €67,632 | €58,681 | €49,311 | ▼ 16.0% |
| Equity10/15 | -€6,320 | -€764 | -€1,115 | -€7,288 | €1,153 | ▲ 116% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | €6,200 | - | - |
| Other1109/19 | - | €6,200 | €6,200 | €6,200 | - | - |
| Profit (loss) carried forward14 | -€12,520 | -€6,964 | -€7,315 | -€13,488 | -€5,047 | ▲ 62.6% |
| Amounts payable17/49 | €44,157 | €78,358 | €68,747 | €65,969 | €48,158 | ▼ 27.0% |
| Amounts payable after more than one year17 | €21,541 | €35,847 | €23,645 | €20,334 | €1,395 | ▼ 93.1% |
| Financial debts170/4 | - | €35,847 | €23,645 | €20,334 | €1,395 | ▼ 93.1% |
| Amounts payable within one year42/48 | €22,617 | €42,511 | €45,102 | €45,635 | €46,763 | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | - | €6,624 | €7,568 | €378 | €9,084 | ▲ 2,305% |
| Trade debts44 | €2,131 | €19,444 | €16,189 | €25,858 | €17,022 | ▼ 34.2% |
| Suppliers440/4 | - | €19,444 | €16,189 | €25,858 | €17,022 | ▼ 34.2% |
| Taxes, remuneration and social security45 | - | €9,218 | €21,345 | €19,400 | €20,656 | ▲ 6.5% |
| Taxes450/3 | - | €9,218 | €21,345 | €19,400 | €20,656 | ▲ 6.5% |
| Other amounts payable47/48 | - | €7,225 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,070 | €5,556 | -€351 | -€6,173 | €8,442 | ▲ 237% |
| + Depreciation and write-downs630 | €1,333 | - | - | €9,593 | €9,864 | ▲ 2.8% |
| Operating cash flow (approximation) | -€10,737 | €5,556 | -€351 | €3,419 | €18,306 | ▲ 435% |
| Investment in fixed assets (approximation) | - | -€42,627 | -€7,100 | -€4,559 | €0 | ▲ 100% |
| Change in cash | - | €106 | €4,289 | -€3,608 | €1,307 | ▲ 136% |
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
09-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 221 days late
2024
31-12
Financial
Back to profitnet €8,442
Net result €8,442 after 2 loss-making years.
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 107 days late
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 473 days late
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
2021
31-12
Financial
Back to profitnet €5,556
Net result €5,556 after 2 loss-making years.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
2020
31-12
Financial
Weakest financial yearnet -€12,070
Net result drops to -€12,070, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Antwerpen · 4 establishment units since 2018
Ground area
1,105 m²
Building footprint
581 m²
Volume, LiDAR
5,230 m³
5 parcels, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
4 establishment units
Wassalon 33
since 20182.280.042.210
Wassalon 22
since 20182.280.042.309
Wash & Fold
since 20202.304.053.272
Wassalon Deniz
since 20212.313.850.866
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11423B0223/00N002 | Flanders | 677 m² | 1 · 166 m² | 10.9 m · 2 fl. |
| 11802B0612/00A000 | Flanders | 152 m² | 1 · 140 m² | 15.8 m · 4 fl. |
| 11805E0505/00L000 | Flanders | 126 m² | 1 · 126 m² | 16.6 m · 2 fl. |
| 11805E0701/00E000 | Flanders | 97 m² | 1 · 97 m² | 14.0 m · 3 fl. |
| 11805E1284/00S000 | Flanders | 52 m² | 1 · 52 m² | 15.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels 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
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 998 companies in sector 96102 we hold annual accounts for 458. 97 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
Founded19-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
96102Launderettes and laundries for private customers
Contact
E-mail
azaz.bvba@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.