Active BE 0537.493.034Private limited company (pre-2019)Open bankruptcy

AZFAE

Rue de l'Athénée 52 ·6000 Charleroi, Belgium· 12 yrs active

Sector: Kappers- en barbiersactiviteiten (96210)

Conclusion Checked

A bankruptcy procedure is open for AZFAE according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-2k) and a net result of €273.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€-2k
Net result	€273
Better than sector	21%
Active	12 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

20 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 28

Solvency 33

Growth 38

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 15-05-2024 with the NBB · fiscal year 2023 · micro

RevenueOperating resultNet result

Sector comparison

Fiscal year 2023 · NACE 96, Personal services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-40.4%	12.5%	better than 21% of 1399 sector peers
Net result	€273	€457	better than 49% of 1395 sector peers
Equity	€-2k	€4k	better than 32% of 1407 sector peers
Gross operating margin	€3k	€14k	better than 33% of 1391 sector peers
Staff costs	€701	€30k	higher than 8% of 633 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€23k

-17.3% 18-23

EBITDA

€2k

-83.1% 18-23

Net profit

€273

- 18-23

Cash flow

€843

- 18-23

Total assets

€5k

-19.5% 18-23

Equity

€-2k

+12.6% 18-23

Working capital

€-4k

+15.3% 18-23

Staff costs

€701

-26.6% 18-23

Debt

€7k

-17.6% 18-23

Debt ≤ 1y

€7k

-17.6% 18-23

Current ratio

0.37

-4.5% 18-23

Quick ratio

0.17

-23.5% 18-23

Solvency

-40.4%

-8.5% 18-23

Debt / equity

-3.47

+5.7% 18-23

ROE

-14.4%

- 18-23

ROA

5.8%

- 18-23

Net margin

1.2%

- 18-23

EBITDA margin

10.4%

-79.5% 18-23

Interest coverage

31.60

-66.8% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	€23k
EBITDA	€2k
Net profit	€273
Cash flow	€843
Staff costs	€701
Income taxes	-
Dividends	-
Total assets	€5k
Equity	€-2k
Debt	€7k
of which ≤ 1y	€7k
of which > 1y	-
Working capital	€-4k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.37
Quick ratio	0.17
Working capital ratio	-88.3%
Solvency	-40.4%
Debt / equity	-3.47
Long-term debt ratio	-
Interest coverage	31.60
Gross margin	13.4%
Net margin	1.2%
ROA	5.8%
ROE	-14.4%
EBITDA margin	10.4%
Days sales outstanding	8d
Days payable outstanding	87d
Inventory turnover	15.12
Days inventory (DSI)	24d

Balance-sheet composition 2023

Assets

Fixed assets €2k · 47.8% Current assets €2k · 52.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€5k
Fixed assets	21/28	€2k
Tangible fixed assets	22/27	€2k
Financial fixed assets	28	€100
Current assets	29/58	€2k
Stocks & contracts in progress	3	€1k
Amounts receivable within one year	40/41	€512
Cash & bank	54/58	€616
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€5k
Equity	10/15	€-2k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€-20k
Amounts payable	17/49	€7k
Amounts payable within one year	42/48	€7k
Trade debts payable within one year	44	€5k
Income statement
Turnover	70	€23k
Gross operating margin	9900	€3k
Operating result	9901	€2k
Financial charges	65	€75
Result before taxes	9903	€273
Net result for the period	9904	€273
Result to be appropriated	9905	€273

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	CATELINE STEFANUTO RUE DU PARC, 49, 6000 CHARLEROI- . Date provisoire de cessation de paiement : 09/12/2024 ↔ Also on 36 other cases	09-12-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Kappers- en barbiersactiviteiten(96210)
Legal form	Private limited company (pre-2019)(015)
Incorporation	14-08-2013
Status	Active
Postal code	6000
First BS signal	13-12-2024
Latest BS signal	13-12-2024

Establishment units 1 location

TOUT POUR LUI

Rue de la Régence 20, 6000 CharleroiHaarverzorging

since 20132.224.371.534

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52011B0239/00W153	Wallonia	135 m²	1 · 62 m²	-
52011B0216/00B000	Wallonia	54 m²	1 · 46 m²	13.0 m · 4 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

13-12-2024

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Charleroi · AZFAE SPRL RUE DE L’ATHENEE 52/11, 6000 CHARLEROI · event 09-12-2024

15-05-2024