Summary
AZEM has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €16.3m and a net result of €621,586. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 3221 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
26 d late
2023
28 d late
2022
10 d late
2021
24 d late
2020
31 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Mettet, Professional and technical services sector#1 company by equity in Mettet, Professional and technical services sector#10 oldest company in Mettet, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€621,586▼ 74.0%
2024 · €2.4m
Working capital
-€21.9m
2024 · €1.4m
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
Line20212022202320242025
Operating result€867,266▼ 5.0%€591,289▼ 31.8%€163,657▼ 72.3%€189,124▲ 15.6%€125,024▼ 33.9%
Net result€1.1m▲ 39.5%€482,413▼ 57.4%€2.0m▲ 305%€2.4m▲ 22.2%€621,586▼ 74.0%
Equity€10.9m▲ 11.6%€11.4m▲ 4.4%€13.3m▲ 17.2%€15.7m▲ 17.9%€16.3m▲ 4.0%
Total assets€15.1m▲ 6.3%€15.8m▲ 4.1%€16.9m▲ 7.5%€23.7m▲ 40.0%€49.2m▲ 108%
Debt€4.2m▼ 5.2%€4.4m▲ 3.1%€3.6m▼ 17.8%€8.0m▲ 122%€32.9m▲ 312%
Working capital€3.6m▲ 16.7%€3.6m▼ 1.2%€4.8m▲ 32.7%€1.4m▼ 69.9%-€21.9m
Why a figure moved sharply
- 2025 Net result -74%, Total assets +108% on 2024. Cause not known from the registers.
- 2023 Net result +305% on 2022. Cause not known from the registers.
- 2022 Net result -57% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49.2m
Fixed assets
€39.5m ▲ 160%
Current assets
€9.8m ▲ 14.7%
Equity and liabilities €49.2m
Equity
€16.3m ▲ 4.0%
Debt
€32.9m ▲ 312%
Debt's share of the balance-sheet total rises from 33.7% to 66.8%. Equity and debt are higher.
Key figures and ratios
ROE
3.8%▼
2024 · 15.2%
ROA
1.3%▼
2024 · 10.1%
Debt ≤ 1 year
€31.7m▲
2024 · €7.1m
Debt > 1 year
€1.2m▲
2024 · €904,496
Income taxes
€44,009▼
2024 · €66,532
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,127 | €49,161 | €55,765 | €53,014 | €55,947 | ▲ 5.5% |
| Other operating charges640/8 | €18,968 | €20,128 | €21,692 | €24,029 | €25,489 | ▲ 6.1% |
| Gross operating margin9900 | €913,361 | €660,578 | €241,115 | €266,168 | €206,460 | ▼ 22.4% |
| Operating profit (loss)9901 | €867,266 | €591,289 | €163,657 | €189,124 | €125,024 | ▼ 33.9% |
| Financial income75/76B | €343,613 | €631,531 | €1.6m | €2.4m | €645,625 | ▼ 72.7% |
| Recurring financial income75 | €343,613 | €631,531 | €1.6m | €2.4m | €645,625 | ▼ 72.7% |
| Financial charges65/66B | -€95,350 | €579,744 | -€311,127 | €96,197 | €105,055 | ▲ 9.2% |
| Recurring financial charges65 | €164,148 | €147,387 | €121,230 | €96,197 | €105,055 | ▲ 9.2% |
| Non-recurring financial charges66B | -€259,498 | €432,357 | -€432,357 | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.3m | €643,076 | €2.1m | €2.5m | €665,595 | ▼ 72.9% |
| Income taxes67/77 | €174,245 | €160,663 | €104,984 | €66,532 | €44,009 | ▼ 33.9% |
| Profit (loss) for the period9904 | €1.1m | €482,413 | €2.0m | €2.4m | €621,586 | ▼ 74.0% |
| Transfer from tax-exempt reserves789 | - | - | €887,550 | €151,560 | - | - |
| Transfer to tax-exempt reserves689 | €29,470 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €482,413 | €2.8m | €2.5m | €621,586 | ▼ 75.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.1m | €15.8m | €16.9m | €23.7m | €49.2m | ▲ 108% |
| Fixed assets21/28 | €9.4m | €9.7m | €10.0m | €15.2m | €39.5m | ▲ 160% |
| Tangible fixed assets22/27 | €2.0m | €2.4m | €2.6m | €2.7m | €2.7m | ▼ 0.6% |
| Land and buildings22 | €1.6m | €1.6m | €1.6m | €1.6m | €1.5m | ▼ 1.0% |
| Plant, machinery and equipment23 | €385,210 | €650,897 | €956,004 | €1.1m | €1.1m | ▲ 3.5% |
| Furniture and vehicles24 | €52,223 | €119,109 | €84,205 | €92,962 | €54,678 | ▼ 41.2% |
| Financial fixed assets28 | €7.3m | €7.3m | €7.3m | €12.5m | €36.8m | ▲ 195% |
| Current assets29/58 | €5.8m | €6.1m | €7.0m | €8.5m | €9.8m | ▲ 14.7% |
| Amounts receivable after more than one year29 | - | €101,169 | €24,583 | €19,583 | €834,420 | ▲ 4,161% |
| Other amounts receivable291 | - | €101,169 | €24,583 | €19,583 | €834,420 | ▲ 4,161% |
| Amounts receivable within one year40/41 | €119,058 | €123,423 | €231,611 | €151,883 | €276,900 | ▲ 82.3% |
| Trade receivables40 | €89,445 | - | €132,044 | €48,400 | €24,542 | ▼ 49.3% |
| Other amounts receivable41 | €29,613 | €123,423 | €99,567 | €103,483 | €252,358 | ▲ 144% |
| Current investments50/53 | €5.0m | €5.0m | €5.8m | €7.9m | €8.0m | ▲ 1.5% |
| Cash at bank and in hand54/58 | €97,946 | €455,095 | €666,187 | €278,415 | €533,786 | ▲ 91.7% |
| Deferred charges and accrued income490/1 | €506,298 | €365,825 | €246,193 | €152,880 | €91,181 | ▼ 40.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.1m | €15.8m | €16.9m | €23.7m | €49.2m | ▲ 108% |
| Equity10/15 | €10.9m | €11.4m | €13.3m | €15.7m | €16.3m | ▲ 4.0% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €1.0m | €1.0m | €157,757 | €6,197 | €6,197 | = |
| Non-distributable reserves130/1 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Tax-exempt reserves132 | €1.0m | €1.0m | €151,560 | - | - | - |
| Profit (loss) carried forward14 | €9.8m | €10.3m | €13.1m | €15.7m | €16.3m | ▲ 4.0% |
| Amounts payable17/49 | €4.2m | €4.4m | €3.6m | €8.0m | €32.9m | ▲ 312% |
| Amounts payable after more than one year17 | €2.1m | €1.9m | €1.4m | €904,496 | €1.2m | ▲ 36.7% |
| Financial debts170/4 | €2.1m | €1.9m | €1.4m | €904,496 | €1.2m | ▲ 36.7% |
| Amounts payable within one year42/48 | €2.1m | €2.5m | €2.2m | €7.1m | €31.7m | ▲ 347% |
| Current portion of amounts payable after more than one year42 | €502,985 | €592,129 | €529,347 | €484,703 | €608,394 | ▲ 25.5% |
| Trade debts44 | €4,149 | €51 | €11,387 | €2,941 | €51,241 | ▲ 1,643% |
| Suppliers440/4 | €4,149 | €51 | €11,387 | €2,941 | €51,241 | ▲ 1,643% |
| Taxes, remuneration and social security45 | - | - | €73,356 | €5,114 | €19,021 | ▲ 272% |
| Taxes450/3 | - | - | €73,356 | €5,114 | €19,021 | ▲ 272% |
| Other amounts payable47/48 | €1.6m | €1.9m | €1.6m | €6.6m | €31.0m | ▲ 371% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,276 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €482,413 | €2.0m | €2.4m | €621,586 | ▼ 74.0% |
| + Depreciation and write-downs630 | €27,127 | €49,161 | €55,765 | €53,014 | €55,947 | ▲ 5.5% |
| Operating cash flow (approximation) | €1.2m | €531,574 | €2.0m | €2.4m | €677,533 | ▼ 72.3% |
| Investment in fixed assets (approximation) | - | -€365,591 | -€309,826 | -€5.3m | -€24.3m | ▼ 360% |
| Change in cash | - | €357,150 | €211,092 | -€387,772 | €255,371 | ▲ 166% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €2.4m ▲22.2%
Net result €2.4m, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
31-12
Financial
Equity above €10mEq €10.9m ▲11.6%
4 profitable years in a row build equity to €10.9m.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 9 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 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, Mettet · 1 establishment unit since 1999
Ground area
429 m²
Building footprint
396 m²
Volume, LiDAR
3,970 m³
Parcel 92104C0329/00H000, Wallonia · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Chapelle, St-Gérard 6 A, 5640 Mettet
since 19992.090.439.476
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92104C0329/00H000 | Wallonia | 429 m² | 1 · 396 m² | 16.4 m · 4 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.
Structure & network
Owners and holdings
1 holding · 3 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
97%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
HTK 97%2 subsidiaries
- HTK TWO 100%
- ONE REFRACTORIES 99%
According to the 2025 annual accounts of AZEM 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
Legal Entity Identifier
967600UKXHONHZ9IUN56
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 4,736 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
71112Activities of interior architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465004142
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.