AZERIA SELECTION
ActiveSummary
AZERIA SELECTION has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16k and a net result of €675. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability55▼-27
Solvency60▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.51 in 2023; short-term debt: 64.6% and cash: 4.4% of total assets), and 64.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
35.4%
Return on assets
1.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
89 d late
2022
60 d late
2021
30 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€16k▲ 4.3%
2023 · €16k
2018: €9k
2019: €13k▲ +41.3% vs 2018
2020: €14k▲ +8.2% vs 2019
2021: €6k▼ -59.9% vs 2020lowest in 7 years
2022: €11k▲ +89.0% vs 2021
2023: €16k▲ +47.1% vs 2022
2024: €16k▲ +4.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€46k▼ 0.1%
2023 · €46k
2018: €22klowest in 7 years
2019: €28k▲ +28.5% vs 2018
2020: €22k▼ -21.7% vs 2019
2021: €30k▲ +36.6% vs 2020
2022: €34k▲ +14.7% vs 2021
2023: €46k▲ +35.9% vs 2022highest in 7 years
2024: €46k▼ -0.1% vs 2023
2018 → 2024
Net result
€675▼ 86.6%
2023 · €5k
2018: €-47
2019: €4k▲ +8102% vs 2018
2020: €1k▼ -71.8% vs 2019
2021: €-8k▼ -886% vs 2020lowest in 7 years
2022: €5k▲ +160% vs 2021
2023: €5k▲ +0.1% vs 2022highest in 7 years
2024: €675▼ -86.6% vs 2023
2018 → 2024
Working capital
€10k▼ 21.8%
2023 · €13k
2018: €-5klowest in 7 years
2019: €-3k▲ +36.6% vs 2018
2020: €12k▲ +453% vs 2019
2021: €5k▼ -63.1% vs 2020
2022: €23k▲ +402% vs 2021highest in 7 years
2023: €13k▼ -42.9% vs 2022
2024: €10k▼ -21.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€6k▼ 59.9%€11k▲ 89.0%€16k▲ 47.1%€16k▲ 4.3%
2020: €14k
2021: €6k▼ -59.9% vs 2020lowest in 5 years
2022: €11k▲ +89.0% vs 2021
2023: €16k▲ +47.1% vs 2022
2024: €16k▲ +4.3% vs 2023highest in 5 years
Operating result€5k-€-6k€8k€8k▲ 2.2%€3k▼ 67.3%
2020: €5k
2021: €-6k▼ -214% vs 2020lowest in 5 years
2022: €8k▲ +235% vs 2021
2023: €8k▲ +2.2% vs 2022highest in 5 years
2024: €3k▼ -67.3% vs 2023
Net result€1k-€-8k€5k€5k▲ 0.1%€675▼ 86.6%
2020: €1k
2021: €-8k▼ -886% vs 2020lowest in 5 years
2022: €5k▲ +160% vs 2021
2023: €5k▲ +0.1% vs 2022highest in 5 years
2024: €675▼ -86.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 67% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46k
Fixed assets
€6k ▼ 23.2%
Current assets
€40k ▲ 4.8%
Equity and liabilities €46k
Equity
€16k ▲ 4.3%
Debt
€30k ▼ 2.4%
Debt's share of the balance-sheet total falls from 66.1% to 64.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▼
2023 · €9k
Cash flow
€3k▼
2023 · €6k
Current ratio
1.34▼
2023 · 1.51
Debt to equity
1.83▼
2023 · 1.95
ROE
4.1%▼
2023 · 32.0%
ROA
1.5%▼
2023 · 10.8%
Interest coverage
4.14▼
2023 · 9.15
Debt ≤ 1 year
€30k▲
2023 · €25k
Income taxes
€901▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€46k€46k▼
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€8k€6k▼
Furniture and vehicles24€8k€6k▼
Current assets29/58€38k€40k▲
Amounts receivable within one year40/41€38k€38k▼
Trade receivables40€16k-
Other amounts receivable41€22k€38k▲
Cash at bank and in hand54/58€55€2k▲
Equity and liabilities
Total equity and liabilities10/49€46k€46k▼
Equity10/15€16k€16k▲
Contributions10/11€6k€6k=
Reserves13€6k€6k=
Non-distributable reserves130/1€160€160=
Reserves not available under the articles1311€160€160=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€4k€4k▲
Amounts payable17/49€31k€30k▼
Amounts payable within one year42/48€25k€30k▲
Trade debts44€22k€22k▲
Suppliers440/4€22k€21k▼
Bills of exchange payable441-€605
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Accrued charges and deferred income492/3€5k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€832€2k▲
Other operating charges640/8€1k€687▼
Gross operating margin9900€10k€5k▼
Operating profit (loss)9901€8k€3k▼
Financial charges65/66B€988€1k▲
Recurring financial charges65€988€1k▲
Profit (loss) for the period before taxes9903€7k€2k▼
Income taxes67/77€2k€901▼
Profit (loss) for the period9904€5k€675▼
Profit (loss) for the period to be appropriated9905€5k€675▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€4k▼
Profit (loss) brought forward from the previous period14P€510€4k▲
Transfer to equity691/2€2k-
To other reserves6921€2k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €614 | €702 | €659 | €832 | €2k | ▲ 127% |
| Other operating charges640/8 | - | €1k | €794 | €1k | €687 | ▼ 32.4% |
| Gross operating margin9900 | €41k | €-4k | €9k | €10k | €5k | ▼ 47.7% |
| Operating profit (loss)9901 | €5k | €-6k | €8k | €8k | €3k | ▼ 67.3% |
| Financial charges65/66B | - | €2k | €987 | €988 | €1k | ▲ 11.7% |
| Recurring financial charges65 | €2k | €2k | €987 | €988 | €1k | ▲ 11.7% |
| Profit (loss) for the period before taxes9903 | €3k | €-8k | €7k | €7k | €2k | ▼ 78.2% |
| Income taxes67/77 | €2k | €98 | €2k | €2k | €901 | ▼ 58.9% |
| Profit (loss) for the period9904 | €1k | €-8k | €5k | €5k | €675 | ▼ 86.6% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-8k | €5k | €5k | €675 | ▼ 86.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22k | €30k | €34k | €46k | €46k | ▼ 0.1% |
| Fixed assets21/28 | €2k | €1k | €466 | €8k | €6k | ▼ 23.2% |
| Intangible fixed assets21 | €983 | €470 | - | - | - | - |
| Tangible fixed assets22/27 | €845 | €655 | €466 | €8k | €6k | ▼ 23.2% |
| Furniture and vehicles24 | - | €655 | €466 | €8k | €6k | ▼ 23.2% |
| Current assets29/58 | €20k | €29k | €34k | €38k | €40k | ▲ 4.8% |
| Amounts receivable within one year40/41 | €19k | €28k | €34k | €38k | €38k | ▼ 0.4% |
| Trade receivables40 | - | €14k | €19k | €16k | - | - |
| Other amounts receivable41 | - | €14k | €15k | €22k | €38k | ▲ 75.0% |
| Cash at bank and in hand54/58 | €1k | €438 | - | €55 | €2k | ▲ 3,678% |
| Deferred charges and accrued income490/1 | - | €648 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22k | €30k | €34k | €46k | €46k | ▼ 0.1% |
| Equity10/15 | €14k | €6k | €11k | €16k | €16k | ▲ 4.3% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €7k | €4k | €4k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €160 | €160 | €160 | €160 | = |
| Reserves not available under the articles1311 | - | €160 | €160 | €160 | €160 | = |
| Distributable reserves133 | - | €4k | €4k | €6k | €6k | = |
| Profit (loss) carried forward14 | €912 | €-5k | €510 | €4k | €4k | ▲ 19.1% |
| Amounts payable17/49 | €8k | €24k | €23k | €31k | €30k | ▼ 2.4% |
| Amounts payable within one year42/48 | €8k | €24k | €11k | €25k | €30k | ▲ 18.5% |
| Financial debts43 | - | €177 | €221 | - | - | - |
| Credit institutions430/8 | - | €177 | €221 | - | - | - |
| Trade debts44 | €3k | €5k | €2k | €22k | €22k | ▲ 0.5% |
| Suppliers440/4 | - | €5k | €2k | €22k | €21k | ▼ 2.3% |
| Bills of exchange payable441 | - | - | - | - | €605 | - |
| Taxes, remuneration and social security45 | - | €3k | €5k | €4k | €8k | ▲ 125% |
| Taxes450/3 | - | €3k | €5k | €4k | €8k | ▲ 125% |
| Other amounts payable47/48 | - | €16k | €4k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €12k | €5k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-8k | €5k | €5k | €675 | ▼ 86.6% |
| + Depreciation and write-downs630 | €614 | €702 | €659 | €832 | €2k | ▲ 127% |
| Operating cash flow (approximation) | €2k | €-8k | €6k | €6k | €3k | ▼ 56.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €0 | ▲ 100% |
| Change in cash | - | €-646 | - | - | €2k | - |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
31-12
Financial
Highest result since 2018net €5k ▲0.1%
Operating result €8k, net result €5k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.08
Current ratio from 1.19 to 3.08; short-term debt falls from €24k to €11k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.59
Current ratio from 0.77 to 2.59; short-term debt falls from €15k to €8k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waimes · 1 establishment unit since 2008
Ground area
802 m²
Building footprint
359 m²
Volume, LiDAR
1,961 m³
Parcel 63552C0249/00D000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AZERIA SELECTION
since 20082.174.104.550
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63552C0249/00D000 | Wallonia | 802 m² | 1 · 359 m² | 7.7 m · 2 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,784 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
Founded13-10-2008
Fiscal year end31-12
Abbreviation FR
O.U.A.T.
Activities, NACEBEL 2025
68121Development of residential building projects
47551Retail sale of household furniture
74140Other specialised design activities
Scores and ratios are computed by Checked and are not a credit decision.