Azelhof Catering
ActiveAzelhof Catering has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €296k and a net result of €85k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 28% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-2
Solvency43▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.22 in 2024; short-term debt: 34.7% and cash: 16.2% of total assets), and 81.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.4%
Return on assets
5.3%
Age of the figures
9 mo
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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
53 d late
2023
40 d late
2022
32 d early
2021
233 d late
2020
223 d late
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.69M
EBIT margin
2.1%
Net result
€85k▼ 18.0%
2024 · €104k
2018: €38k
2019: €13k
2020: €8k
2021: €144k
2022: €-16k
2023: €57k
2024: €104k
2018 → 2025
Working capital
€-97k
2024 · €111k
2018: €-86k
2019: €-30k
2020: €-153k
2021: €-10k
2022: €-4k
2023: €54k
2024: €111k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.69M
Equity€306k-€291k▼ 5.1%€348k▲ 19.6%€331k▼ 4.7%€296k▼ 10.6%
Operating result€153k-€-5k€56k€112k▲ 99.9%€110k▼ 2.0%
Net result€144k-€-16k€57k€104k▲ 81.7%€85k▼ 18.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.61M
Fixed assets
€1.15M▲ 25.8%
Current assets
€462k▼ 23.4%
Equity and liabilities €1.61M
Equity
€296k▼ 10.6%
Debt
€1.32M▲ 10.9%
The debt ratio rises from 78.2% to 81.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€337k▲
2024 · €292k
Cash flow
€311k▲
2024 · €283k
Solvency
18.4%▼
2024 · 21.8%
Current ratio
0.83▼
2024 · 1.22
Quick ratio
0.74▼
2024 · 1.10
Debt / equity
4.44▲
2024 · 3.58
ROE
28.7%▼
2024 · 31.3%
ROA
5.3%▼
2024 · 6.8%
Interest coverage
21.57▼
2024 · 23.87
Debt
€1.32M▲
2024 · €1.19M
Debt ≤ 1 year
€559k▲
2024 · €493k
Debt > 1 year
€289k▼
2024 · €368k
Income taxes
€19k▲
2024 · €15k
Staff costs
€999k▲
2024 · €897k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.52M€1.61M▲
Fixed assets21/28€913k€1.15M▲
Intangible fixed assets21€1k€563▼
Tangible fixed assets22/27€911k€1.15M▲
Plant, machinery and equipment23€109k€140k▲
Furniture and vehicles24€9k€31k▲
Other tangible fixed assets26€793k€977k▲
Financial fixed assets28€390€390=
Current assets29/58€604k€462k▼
Amounts receivable after more than one year29€300k€100k▼
Other amounts receivable291€300k€100k▼
Stocks and contracts in progress3€61k€47k▼
Stocks30/36€61k€47k▼
Amounts receivable within one year40/41€142k€28k▼
Trade receivables40€23k€4k▼
Other amounts receivable41€119k€24k▼
Cash at bank and in hand54/58€70k€262k▲
Deferred charges and accrued income490/1€30k€26k▼
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.61M▲
Equity10/15€331k€296k▼
Contributions10/11€150k€150k=
Reserves13€60k€60k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€56k€56k=
Profit (loss) carried forward14€122k€87k▼
Amounts payable17/49€1.19M€1.32M▲
Amounts payable after more than one year17€368k€289k▼
Financial debts170/4€368k€289k▼
Amounts payable within one year42/48€493k€559k▲
Current portion of amounts payable after more than one year42€89k€57k▼
Trade debts44€170k€256k▲
Suppliers440/4€170k€256k▲
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€109k€116k▲
Taxes450/3€34k€24k▼
Remuneration and social security454/9€75k€92k▲
Other amounts payable47/48€126k€129k▲
Accrued charges and deferred income492/3€325k€467k▲
Income statement
Code20242025
Non-recurring operating income76A€62€0▼
Remuneration, social security and pensions62€897k€999k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€180k€227k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€684
Other operating charges640/8€16k€16k▲
Non-recurring operating charges66A€34k€-435▼
Gross operating margin9900€1.24M€1.35M▲
Operating profit (loss)9901€112k€110k▼
Financial income75/76B€18k€9k▼
Recurring financial income75€18k€9k▼
Financial charges65/66B€12k€16k▲
Recurring financial charges65€12k€16k▲
Profit (loss) for the period before taxes9903€118k€104k▼
Income taxes67/77€15k€19k▲
Profit (loss) for the period9904€104k€85k▼
Profit (loss) for the period to be appropriated9905€104k€85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€242k€207k▼
Profit (loss) brought forward from the previous period14P€138k€122k▼
Profit to be distributed694/7€120k€120k=
Return on contributions (dividend)694€120k€120k=
Social balance
Average headcount (FTE)908726.214.4▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 53 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 40 days late
2023
31-12
Financial
Back to profitnet €57k
Net result €57k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 233 days late
2022
31-12
Financial
Weakest financial yearnet €-16k ▼111%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 223 days late
2021
31-12
Financial
Highest result since 2018net €144k ▲1665%
Operating result €153k, net result €144k, both a record.
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €210k ▲6.5%
2 profitable years in a row build equity to €210k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Lier · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Aarschotsesteenweg 2012500 LierGround area
8.9 ha
Building footprint
8,976 m²
Volume, LiDAR
64,372 m³
Parcel 12019B0362/00A000, Flanders · tallest building 15.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DL Catering / De Loberge / De Loberge Catering / De Loberge Partyservice / De Loberge Culinaire Boetiek
since 20052.148.242.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12019B0362/00A000 | Flanders | 8.9 ha | 1 · 8,976 m² | 15.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLier2.148.242.370
Similar companies · same sector, comparable size
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BE 0431.506.478
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BE 0870.087.327
Peer · Eq €298k
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BE 0895.156.481
Frasnes-lez-Anvaing · Eq €298k
VIBIO
BE 0837.072.683
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KOEN BOGAERTS
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Keerbergen · Eq €300k
Of 2,477 companies in sector 47279 we hold annual accounts for 949. 630 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2005
Fiscal year end31-12
Activities, NACEBEL
47279Other retail sale of food
47299Retail trade
52272
56210Event catering
55522
56220Contract catering and other food service activities
56290Food and beverage service activities
71404
77223Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.