AZIMUT
ActiveAZIMUT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €287k and a net result of €227k. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 1300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100▲+17
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 5.07 against 0.27 in 2024; short-term debt: 19.2% and cash: 94.5% of total assets), and 19.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.8%
Return on assets
63.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €287k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
9 d early
2023
34 d early
2022
4 d early
2021
61 d late
2020
30 d late
2019
41 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€227k
2024 · €-31k
2018: €8k
2019: €6k
2020: €12k
2021: €-64k
2022: €-57k
2023: €-83k
2024: €-31k
2018 → 2025
Working capital
€278k
2024 · €-56k
2018: €29k
2019: €66k
2020: €103k
2021: €61k
2022: €23k
2023: €-55k
2024: €-56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€287k-€230k▼ 19.8%€129k▼ 43.9%€110k▼ 14.7%€287k▲ 161%
Operating result€-63k-€-56k▲ 12.0%€-83k▼ 48.7%€-26k▲ 68.4%€252k
Net result€-64k-€-57k▲ 11.4%€-83k▼ 46.4%€-31k▲ 62.4%€227k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €252k after a loss of €26k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €355k
Fixed assets
€9k▼ 94.6%
Current assets
€346k▲ 1,598%
Equity and liabilities €355k
Equity
€287k▲ 161%
Debt
€68k▼ 15.5%
The debt ratio falls from 42.3% to 19.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€263k▲
2024 · €-13k
Cash flow
€237k▲
2024 · €-18k
Solvency
80.8%▲
2024 · 57.7%
Current ratio
5.07▲
2024 · 0.27
Quick ratio
5.07▲
2024 · 0.27
Debt / equity
0.24▼
2024 · 0.73
ROE
79.1%▲
2024 · -28.4%
ROA
63.9%▲
2024 · -16.4%
Interest coverage
2864.06▲
2024 · -2.50
Debt
€68k▼
2024 · €81k
Debt ≤ 1 year
€68k▼
2024 · €76k
Income taxes
€25k▲
2024 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€191k€355k▲
Fixed assets21/28€170k€9k▼
Tangible fixed assets22/27€170k€9k▼
Land and buildings22€170k€9k▼
Current assets29/58€20k€346k▲
Amounts receivable within one year40/41€16k€10k▼
Trade receivables40€6k€0▼
Other amounts receivable41€10k€10k▲
Cash at bank and in hand54/58€2k€336k▲
Deferred charges and accrued income490/1€2k€8▼
Equity and liabilities
Total equity and liabilities10/49€191k€355k▲
Equity10/15€110k€287k▲
Contributions10/11€19k€19k=
Reserves13€91k€268k▲
Distributable reserves133€91k€268k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€81k€68k▼
Amounts payable within one year42/48€76k€68k▼
Trade debts44€2k€383▼
Suppliers440/4€2k€383▼
Taxes, remuneration and social security45-€18k
Taxes450/3-€18k
Other amounts payable47/48€74k€50k▼
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Non-recurring operating income76A€16k€294k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€10k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-77k
Other operating charges640/8€5k€80k▲
Gross operating margin9900€-8k€266k▲
Operating profit (loss)9901€-26k€252k▲
Financial income75/76B€2€8▲
Recurring financial income75€2€8▲
Non-recurring financial income76B-€0
Financial charges65/66B€5k€92▼
Recurring financial charges65€5k€92▼
Profit (loss) for the period before taxes9903€-31k€252k▲
Income taxes67/77€1€25k▲
Profit (loss) for the period9904€-31k€227k▲
Profit (loss) for the period to be appropriated9905€-31k€227k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€227k▲
Transfer from equity791/2€31k€50k▲
Transfer to equity691/2-€227k
To other reserves6921-€227k
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €227k
Net result €227k after 4 loss-making years.
31-12
Financial
Liquidity times 19current ratio 5.07
Current ratio from 0.27 to 5.07; short-term debt falls from €76k to €68k.
31-12
Financial
Equity above €200kEq €287k ▲161%
Equity rises from €110k to €287k.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 7.44
Current ratio from 3.31 to 7.44; short-term debt falls from €29k to €16k.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 3.31
Current ratio from 1.30 to 3.31; short-term debt falls from €95k to €29k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Houffalize · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Libramont 136660 HouffalizeGround area
100 m²
Building footprint
88 m²
Volume, LiDAR
584 m³
Parcel 82014A1129/00F000, Wallonia · tallest building 16.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Moulin Bock NaturAction
since 19912.052.975.801
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82014A1129/00F000 | Wallonia | 100 m² | 1 · 88 m² | 16.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Gatsby Corporate
BE 0474.119.469
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ILJAD
BE 0887.840.604
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PROCESS DESIGN CENTER
BE 0471.256.286
Wuustwezel · Eq €286k
Falcon Group Holding
BE 0689.776.007
Gent · Eq €289k
ADUATIQ
BE 0675.763.366
Ninove · Eq €284k
Of 3,000 companies in sector 55203 we hold annual accounts for 690. 475 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-1991
Fiscal year end31-12
Activities, NACEBEL
55203Holiday cottages, homes and apartments
55232
47639Retail sale of other sporting goods
47640Retail trade
52482
71406
77210Renting and leasing of sports and recreation goods
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.