Azen
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €3,420, after a profit of €9,389 in 2024. It is the lowest result since 2023.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €9,917 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €16,205 | - |
| Other operating charges640/8 | €100 | €1,990 | €288 | ▼ 85.5% |
| Gross operating margin9900 | €8,906 | €11,379 | -€3,132 | - |
| Operating profit (loss)9901 | €8,806 | €9,389 | -€3,420 | - |
| Financial income75/76B | €567 | €1,807 | €2,539 | ▲ 40.5% |
| Recurring financial income75 | €567 | €1,807 | €2,539 | ▲ 40.5% |
| Financial charges65/66B | €44 | €286 | €140 | ▼ 51.0% |
| Recurring financial charges65 | €44 | €286 | €140 | ▼ 51.0% |
| Profit (loss) for the period before taxes9903 | €9,329 | €10,911 | -€1,020 | - |
| Income taxes67/77 | €2,058 | €3,311 | - | - |
| Profit (loss) for the period9904 | €7,271 | €7,599 | -€1,020 | - |
| Profit (loss) for the period to be appropriated9905 | €7,271 | €7,599 | -€1,020 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €25,527 | €57,300 | €60,546 | ▲ 5.7% |
| Current assets29/58 | €25,527 | €57,300 | €60,546 | ▲ 5.7% |
| Amounts receivable within one year40/41 | €21,461 | €53,484 | €60,539 | ▲ 13.2% |
| Trade receivables40 | - | €15,300 | €5,000 | ▼ 67.3% |
| Other amounts receivable41 | €21,461 | €38,184 | €55,539 | ▲ 45.5% |
| Cash at bank and in hand54/58 | €4,065 | €3,816 | €7 | ▼ 99.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €25,527 | €57,300 | €60,546 | ▲ 5.7% |
| Equity10/15 | €10,271 | €17,870 | €16,850 | ▼ 5.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €7,271 | €14,870 | €14,870 | = |
| Distributable reserves133 | €7,271 | €14,870 | €14,870 | = |
| Profit (loss) carried forward14 | - | - | -€1,020 | - |
| Amounts payable17/49 | €15,256 | €39,430 | €43,696 | ▲ 10.8% |
| Amounts payable within one year42/48 | €15,256 | €39,430 | €43,696 | ▲ 10.8% |
| Trade debts44 | €3,425 | €12,899 | €3,969 | ▼ 69.2% |
| Suppliers440/4 | €3,425 | €12,899 | €3,969 | ▼ 69.2% |
| Advances received on contracts in progress46 | €2,000 | - | - | - |
| Taxes, remuneration and social security45 | €4,624 | €20,117 | €21,305 | ▲ 5.9% |
| Taxes450/3 | €4,624 | €20,117 | €21,305 | ▲ 5.9% |
| Other amounts payable47/48 | €5,207 | €6,414 | €18,422 | ▲ 187% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,271 | €7,599 | -€1,020 | - |
| Operating cash flow (approximation) | €7,271 | €7,599 | -€1,020 | - |
| Change in cash | - | -€249 | -€3,809 | ▼ 1,429% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,271 companies had the same profile as Azen has now. Two years later, 93.5% were still going and 4.1% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Azen itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,271 companies, not a prediction for Azen. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.