AZIMA
ActiveSummary
The computed 12-month bankruptcy probability of AZIMA is 3.5% (moderate). For AZIMA, at least two annual filings are missing. The 2023 annual accounts show equity of €21,734 and a net result of -€9,602. Equity has been growing by about 24% per year since 2018. Its solvency ranks better than 76% of 17,636 sector peers (NACE 56, financial year 2023). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-08-1991 Normal situation
- Activity
- Full-service restaurants NACE 56111and 1 other
- Joint committee
- 302 Paritair Comité voor het hotelbedrijf · annual accounts 2023
- Establishment unit
- 2.054.631.729 7100 La Louvière, since 22-10-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 26-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.5%
2023 figures too old to score
Annual accounts 2023
- Gross margin
- €33,513
- ▲ 148%
- Turnover
- ≈ €170,000
- estimated
- Loss
- €9,602
- ▼ 7.0%
- Equity
- €21,734
- ▼ 30.6%
- Total assets
- €36,945
- ▼ 16.7%
- Employees on 31-12-2023
- 2
- =
- 2024 accounts not filed, 458 days past the deadline
Filed on 28-08-2024
Signalsraises riskFigures for financial year 2023 (filed on 28-08-2024)2 financial years not filed after the legal deadline; last filed accounts filed 28 days lateTwo or more financial years not filedlowers riskLiquidity: current ratio 2.43, cash €18,477Founded in 1991neutralA punctual record breaksShow the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Filing: At least two annual filings are missing
Financial strength, FY 2023 · tick: 2022
Average
Solvency
84-12
equity 58.8% of total assets
Liquidity
81-7
short-term debt 41.2% · cash 50.0%
Profitability
0=
return on assets -26.0%
Bankruptcy probability within 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.9%▲ +0.3 percentage points vs 09-2025
11-2025: 1.0%▲ +0.1 percentage points vs 10-2025
12-2025: 1.4%▲ +0.4 percentage points vs 11-2025
01-2026: 2.4%▲ +1.0 percentage point vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.4%● unchanged vs 02-2026
04-2026: 2.1%▼ -0.3 percentage points vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.1%● unchanged vs 05-2026
07-2026: 2.1%● unchanged vs 06-2026
08-2026: 3.0%▲ +0.9 percentage points vs 07-2026
09-2026: 3.5%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 3.5%● unchanged vs 09-2026highest value
11-2026: 3.5%● unchanged vs 10-2026highest value
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline01-11-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-08-2024, 28 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
28 days late
2022
67 days early
2021
53 days early
2020
18 days early
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 25 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 1 November 2026.
Annual accounts 2023 filed on 28-08-2024 PDF all 32 filings
Turnover
≈ €170,000
Estimated: probably between €130,000 and €220,000
Total assets
€36,945▼ 16.7%
2022 · €44,371
Net result
-€9,602▲ 7.0%
2022 · -€10,328
Working capital
€21,734▼ 30.6%
2022 · €31,336
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a loss of €9,207, smaller than the loss of €10,091 in 2022.
Operating result-€9,207
2023
Net result-€9,602
2023
Total assets€36,945
2023
Equity€21,734
2023
Debt€15,210
2023
Working capital€21,734
2023
Return on assets (ROA)-26.0%
2023
Solvency58.8%
2023
Current ratio2.43
2023
Staff (FTE)2
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€10,101-€8,241▼ 18.4%€12,472▲ 51.3%€19,665▲ 57.7%-€10,091-€9,207▲ 8.8%
Net result€7,227-€5,265▼ 27.1%€13,723within the sector's middle half▲ 161%€18,667within the sector's middle half▲ 36.0%-€10,328below the sector's middle half-€9,602below the sector's middle half▲ 7.0%
Equity€4,009-€9,274▲ 131%€22,998within the sector's middle half▲ 148%€41,664within the sector's middle half▲ 81.2%€31,336within the sector's middle half▼ 24.8%€21,734within the sector's middle half▼ 30.6%
Total assets€23,994-€27,638▲ 15.2%€31,617below the sector's middle half▲ 14.4%€43,564below the sector's middle half▲ 37.8%€44,371below the sector's middle half▲ 1.9%€36,945below the sector's middle half▼ 16.7%
Debt€19,984-€18,364▼ 8.1%€8,619▼ 53.1%€1,899▼ 78.0%€13,035▲ 586%€15,210▲ 16.7%
Working capital€2,989-€9,274▲ 210%€22,998within the sector's middle half▲ 148%€41,664above the sector's middle half▲ 81.2%€31,336within the sector's middle half▼ 24.8%€21,734within the sector's middle half▼ 30.6%
Solvency16.7%-33.6%▲ 16.8pp72.7%above the sector's middle half▲ 39.2pp95.6%above the sector's middle half▲ 22.9pp70.6%above the sector's middle half▼ 25.0pp58.8%above the sector's middle half▼ 11.8pp
Current ratio1.15-1.51▲ 0.363.67above the sector's middle half▲ 2.1622.94above the sector's middle half▲ 19.273.40above the sector's middle half▼ 19.532.43above the sector's middle half▼ 0.98
Return on assets (ROA)30.1%-19.1%▼ 11.1pp43.4%above the sector's middle half▲ 24.4pp42.8%above the sector's middle half▼ 0.6pp-23.3%below the sector's middle half▼ 66.1pp-26.0%below the sector's middle half▼ 2.7pp
Staff (FTE)1.3-1.4▲ 7.7%1.2within the sector's middle half▼ 14.3%2.2▲ 83.3%2.3▲ 4.5%2▼ 13.0%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €36,945
Equity
€21,734 ▼ 30.6%
Debt
€15,210 ▲ 16.7%
Debt's share of the balance-sheet total rises from 29.4% to 41.2%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
2.28▼
2022 · 3.24
Debt to equity
0.70▲
2022 · 0.42
ROE
-44.2%▼
2022 · -33.0%
Debt ≤ 1 year
€15,210▲
2022 · €13,035
Staff costs
€41,911▲
2022 · €23,139
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 |
| part-time | 2 | 2 | 2 |
| in full-time equivalents | 0.8 | 0.8 | 1.1 |
| Average over the year, in full-time equivalents | 0.9 | 0.9 | 0.8 |
| On a permanent contract | 2 | 1 | 1 |
| Joined | 0 | 1 | 1 |
| Left | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Comparable companies
These companies have the same main activity as AZIMA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €29,400 and €44,100, founded between 1989 and 1995.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| AZIMA La Louvière | 1991 | €36,945 | €21,734 | €33,513 | -€9,602 | 2023 |
| LEBARE Watermaal-Bosvoorde | 1989 | €36,881 | -€17,221 | €38,953 | -€1,257 | 2025 |
| EKIKI Antwerpen | 1993 | €37,618 | -€26,368 | €27,248 | -€11,440 | 2025 |
| HOANG - AN LE VIETNAM Charleroi | 1989 | €44,140 | -€8,498 | €26,918 | €10,606 | 2025 |
| MAX BROTHERS Amay | 1995 | €32,178 | €135 | €39,304 | €1,645 | 2025 |
| DILAN Blankenberge | 1994 | €41,924 | €16,027 | €40,708 | -€7,613 | 2025 |
| LE JARDIN DE FIORINE Dinant | 1990 | €29,374 | €17,667 | €32,254 | €6,895 | 2025 |
They were chosen from the 12,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,002 | €5,133 | €0 | ▼ 100.0% |
| Remuneration, social security and pensions62 | - | - | - | €736 | €23,139 | €41,911 | ▲ 81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,500 | €1,020 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €141 | €480 | €805 | ▲ 67.8% |
| Non-recurring operating charges66A | - | - | - | - | €1 | €4 | ▲ 535% |
| Gross operating margin9900 | €69,488 | €68,315 | €29,692 | €20,543 | €13,528 | €33,513 | ▲ 148% |
| Operating profit (loss)9901 | €10,101 | €8,241 | €12,472 | €19,665 | -€10,091 | -€9,207 | ▲ 8.8% |
| Financial income75/76B | - | - | - | €7 | - | - | - |
| Recurring financial income75 | €2 | €3 | - | €7 | - | - | - |
| Financial charges65/66B | - | - | - | €306 | €284 | €394 | ▲ 38.7% |
| Recurring financial charges65 | €696 | €795 | €240 | €306 | €284 | €394 | ▲ 38.7% |
| Profit (loss) for the period before taxes9903 | €9,407 | €7,449 | €12,232 | €19,367 | -€10,376 | -€9,602 | ▲ 7.5% |
| Income taxes67/77 | €2,181 | €2,184 | -€1,492 | €700 | -€48 | - | - |
| Profit (loss) for the period9904 | €7,227 | €5,265 | €13,723 | €18,667 | -€10,328 | -€9,602 | ▲ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €7,227 | €5,265 | €13,723 | €18,667 | -€10,328 | -€9,602 | ▲ 7.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €23,994 | €27,638 | €31,617 | €43,564 | €44,371 | €36,945 | ▼ 16.7% |
| Fixed assets21/28 | €1,020 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,020 | - | - | - | - | - | - |
| Current assets29/58 | €22,974 | €27,638 | €31,617 | €43,564 | €44,371 | €36,945 | ▼ 16.7% |
| Stocks and contracts in progress3 | €5,377 | €5,088 | €7,228 | €4,177 | €2,160 | €2,271 | ▲ 5.1% |
| Stocks30/36 | - | - | - | €4,177 | €2,160 | €2,271 | ▲ 5.1% |
| Amounts receivable within one year40/41 | €10 | €281 | €6,956 | €10,607 | €10,197 | €15,297 | ▲ 50.0% |
| Other amounts receivable41 | - | - | - | €10,607 | €10,197 | €15,297 | ▲ 50.0% |
| Cash at bank and in hand54/58 | €16,566 | €21,216 | €15,808 | €27,138 | €30,265 | €18,477 | ▼ 39.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,641 | €1,748 | €900 | ▼ 48.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €23,994 | €27,638 | €31,617 | €43,564 | €44,371 | €36,945 | ▼ 16.7% |
| Equity10/15 | €4,009 | €9,274 | €22,998 | €41,664 | €31,336 | €21,734 | ▼ 30.6% |
| Contributions10/11 | €37,166 | €37,166 | €37,166 | €37,166 | €37,166 | €37,166 | = |
| Capital10 | - | - | - | €37,166 | €37,166 | €37,166 | = |
| Issued capital100 | - | - | - | €37,166 | €37,166 | €37,166 | = |
| Reserves13 | - | - | - | €4,499 | €4,499 | €4,499 | = |
| Non-distributable reserves130/1 | - | - | - | €225 | €225 | €225 | = |
| Legal reserve130 | - | - | - | €225 | €225 | €225 | = |
| Distributable reserves133 | - | - | - | €4,274 | €4,274 | €4,274 | = |
| Profit (loss) carried forward14 | -€33,156 | -€27,891 | -€14,168 | - | -€10,328 | -€19,930 | ▼ 93.0% |
| Amounts payable17/49 | €19,984 | €18,364 | €8,619 | €1,899 | €13,035 | €15,210 | ▲ 16.7% |
| Amounts payable within one year42/48 | €19,984 | €18,364 | €8,619 | €1,899 | €13,035 | €15,210 | ▲ 16.7% |
| Trade debts44 | €4,184 | €2,842 | €2,918 | €409 | €7,395 | €8,164 | ▲ 10.4% |
| Suppliers440/4 | - | - | - | €409 | €7,395 | €8,164 | ▲ 10.4% |
| Taxes, remuneration and social security45 | - | - | - | €1,491 | €5,639 | €7,047 | ▲ 25.0% |
| Taxes450/3 | - | - | - | €718 | €1,575 | €1,624 | ▲ 3.1% |
| Remuneration and social security454/9 | - | - | - | €772 | €4,064 | €5,422 | ▲ 33.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,227 | €5,265 | €13,723 | €18,667 | -€10,328 | -€9,602 | ▲ 7.0% |
| + Depreciation and write-downs630 | €2,500 | €1,020 | - | - | - | - | - |
| Operating cash flow (approximation) | €9,727 | €6,285 | €13,723 | €18,667 | -€10,328 | -€9,602 | ▲ 7.0% |
| Change in cash | - | €4,650 | -€5,408 | €11,331 | €3,127 | -€11,788 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 28-08-2024 | 2024-00382029 | |
| 31-12-2022 | micro format | 25-05-2023 | 2023-00093893 | |
| 31-12-2021 | micro format | 08-06-2022 | 2022-20053940 | |
| 31-12-2020 | micro format | 13-07-2021 | 2021-34700476 | |
| 31-12-2019 | micro format | 15-07-2020 | 2020-30200299 | |
| 31-12-2018 | micro format | 05-06-2019 | 2019-16000409 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-33900027 | |
| 31-12-2016 | micro format | 11-07-2017 | 2017-29600468 | |
| 31-12-2015 | full format | 14-07-2016 | 2016-31200128 | |
| 31-12-2014 | full format | 08-06-2015 | 2015-15400205 |
Board & ownership
Directors
Directors
1 director
HATTAB MAHMOUD
Current
Owners and capital
Owners
Network & group
AZIMA shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of AZIMA. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2024
28-08
financial year 2023 · micro format · 28 days late
2023
25-05
financial year 2022 · micro format
2022
31-12
Financial
Weakest financial yearnet -€10,328
The net result drops to -€10,328, the lowest from 2018 to 2023. It recovers the following year.
08-06
financial year 2021 · micro format
2021
31-12
Financial
Highest result from 2018 to 2023net €18,667 ▲36%
The operating result of €19,665 and the net result of €18,667 are both a record.
31-12
Financial
Liquidity more than 6 timescurrent ratio 22.94
The current ratio rises from 3.67 to 22.94. Short-term debt falls from €8,619 to €1,899.
13-07
financial year 2020 · micro format
2020
31-12
Financial
Liquidity more than doubledcurrent ratio 3.67
The current ratio rises from 1.51 to 3.67. Short-term debt falls from €18,364 to €8,619.
15-07
financial year 2019 · micro format
2019
05-06
financial year 2018 · micro format
2018
17-07
financial year 2017 · micro format
2017
11-07
financial year 2016 · micro format
2016
14-07
financial year 2015 · full format
2015
08-06
financial year 2014 · full format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
AZIMA in French
Enterprise number
0444.898.022
Legal form
Public limited company
Status
Active, normale toestand
Founded
22-08-1991
Entity type
Legal entity
Registered office and establishments
Registered office
Rue Hamoir(L.L) 57, 7100 La Louvière, Belgium
Establishments
1 establishment unit since 1991
Activities
NACEBEL 202556111
Full-service restaurants main activity
56210
Event catering
Joint committee
302 Paritair Comité voor het hotelbedrijf annual accounts 2023
Invoicing and payment
VAT number
BE 0444.898.022
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
1 siteLa Louvièreunit number 2.054.631.729
Sites & property
Location
1 establishment unit
LA COUSCOUSIERE
since 1991unit number 2.054.631.729
Buildings and parcels at the address
Ground area
420 m²
Building footprint
63 m²
Building volume
629 m³
Parcel 55022A0471/00F042, Wallonia · tallest building 13.3 m.
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55022A0471/00F042 | Wallonia | 420 m² | 1 · 63 m² | 13.3 m · 4 |