AZIMUT TELECOM
ActiveThe file of AZIMUT TELECOM contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 9.0% (elevated). The 2025 annual accounts show equity of €1.29M and a net result of €322k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 92% of 2037 sector peers (fiscal year 2025).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-5
Solvency100=
Growth78=
Track record60
Bankruptcy probability, 12 months
9.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days only on tighter terms
Liquidity ample (current ratio 7.86 against 5.89 in 2024; short-term debt: 11.4% and cash: 34.8% of total assets), and 14.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
85.4%
Return on assets
21.3%
Age of the figures
9 mo
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 20-03-2026, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
37 d early
2023
51 d early
2022
28 d early
2021
38 d early
2020
32 d early
2019
36 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€322k▼ 69.2%
2024 · €1.05M
2018: €-681k
2019: €-386k
2020: €352k
2021: €-43k
2022: €-97k
2023: €-70k
2024: €1.05M
2018 → 2025
Working capital
€1.19M▲ 32.8%
2024 · €893k
2018: €-87k
2019: €-437k
2020: €-75k
2021: €-154k
2022: €-271k
2023: €-367k
2024: €893k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€111k-€11k▼ 90.4%€-61k€970k€1.29M▲ 33.2%
Operating result€-31k-€-86k▼ 175%€-38k▲ 56.3%€1.05M€322k▼ 69.3%
Net result€-43k-€-97k▼ 127%€-70k▲ 28.6%€1.05M€322k▼ 69.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.51M
Fixed assets
€154k▲ 98.1%
Current assets
€1.36M▲ 26.3%
Equity and liabilities €1.51M
Equity
€1.29M▲ 33.2%
Debt
€221k▲ 20.5%
The debt ratio falls from 15.9% to 14.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€360k▼
2024 · €1.08M
Cash flow
€360k▼
2024 · €1.08M
Solvency
85.4%▲
2024 · 84.1%
Current ratio
7.86▲
2024 · 5.89
Quick ratio
7.67▲
2024 · 5.65
Debt / equity
0.17▼
2024 · 0.19
ROE
24.9%▼
2024 · 107.7%
ROA
21.3%▼
2024 · 90.6%
Interest coverage
106.88▲
2024 · 54.06
Debt
€221k▲
2024 · €183k
Debt ≤ 1 year
€173k▼
2024 · €182k
Debt > 1 year
€48k▲
2024 · €669
Income taxes
€13k▲
2024 · €10k
Staff costs
€342k▲
2024 · €307k
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€1.15M€1.51M▲
Fixed assets21/28€78k€154k▲
Tangible fixed assets22/27€74k€150k▲
Land and buildings22€1k€1k=
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€65k€144k▲
Financial fixed assets28€4k€4k=
Current assets29/58€1.08M€1.36M▲
Amounts receivable after more than one year29€0€21k▲
Trade receivables290€0€0=
Other amounts receivable291-€21k
Stocks and contracts in progress3€44k€33k▼
Stocks30/36€44k€33k▼
Amounts receivable within one year40/41€652k€774k▲
Trade receivables40€390k€371k▼
Other amounts receivable41€262k€403k▲
Cash at bank and in hand54/58€379k€527k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.51M▲
Equity10/15€970k€1.29M▲
Contributions10/11€1.19M€1.19M=
Reserves13€521k€104k▼
Tax-exempt reserves132€521k€0▼
Distributable reserves133-€104k
Profit (loss) carried forward14€-738k€1k▲
Investment grants15€0-
Amounts payable17/49€183k€221k▲
Amounts payable after more than one year17€669€48k▲
Financial debts170/4€669€48k▲
Other amounts payable178/9€0-
Amounts payable within one year42/48€182k€173k▼
Current portion of amounts payable after more than one year42€8k€12k▲
Financial debts43€388€0▼
Credit institutions430/8€388€0▼
Trade debts44€114k€93k▼
Suppliers440/4€114k€93k▼
Taxes, remuneration and social security45€51k€68k▲
Taxes450/3€20k€27k▲
Remuneration and social security454/9€32k€41k▲
Other amounts payable47/48€9k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€919k-
Remuneration, social security and pensions62€307k€342k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€38k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€106k€-40k▼
Other operating charges640/8€18k€8k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.51M€670k▼
Operating profit (loss)9901€1.05M€322k▼
Financial income75/76B€27k€394k▲
Recurring financial income75€27k€18k▼
Non-recurring financial income76B-€376k
Financial charges65/66B€20k€380k▲
Recurring financial charges65€20k€3k▼
Non-recurring financial charges66B-€377k
Profit (loss) for the period before taxes9903€1.05M€335k▼
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€1.05M€322k▼
Transfer from tax-exempt reserves789-€521k
Profit (loss) for the period to be appropriated9905€1.05M€843k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-738k€105k▲
Profit (loss) brought forward from the previous period14P€-1.78M€-738k▲
Transfer from equity791/2€0-
Transfer to equity691/2-€104k
To other reserves6921-€104k
Profit to be distributed694/7€0-
Social balance
Average headcount (FTE)90873.84.1▲
The notes to these accounts (23 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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1MEq €1.29M ▲33.2%
2 profitable years in a row build equity to €1.29M.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €1.05M
Net result €1.05M after 3 loss-making years.
31-12
Financial
Liquidity times 9current ratio 5.89
Current ratio from 0.64 to 5.89; short-term debt falls from €1.02M to €182k.
31-12
Financial
Equity above €500kEq €970k
Equity rises from €-61k to €970k.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €352k
Net result €352k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €156k
Equity rises from €-193k to €156k.
14-07
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · 20190062 · event 09-07-2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-11
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collectif · event 19-11-2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Herve · 2 establishment units since 2002
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 la Clef 414650 HerveGround area
1.0 ha
Building footprint
1,125 m²
Volume, LiDAR
6,411 m³
2 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
AZIMUT TELECOM
since 20022.094.693.422
AZIMUT TELECOM
since 20242.360.384.043
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0326/00P000 | Wallonia | 5,674 m² | 1 · 785 m² | 6.2 m · 2 fl. |
| 63006D0684/00S003 | Wallonia | 4,611 m² | 1 · 341 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
PROlectro
BE 0776.775.208
Beernem · Eq €1.29M
ELBUMO
BE 0431.231.316
Schilde · Eq €1.30M
Kooi Security België
BE 0783.444.254
Temse · Eq €1.30M
KINDT GEBROEDERS
BE 0441.990.594
Beveren-Kruibeke-Zwijndrecht · Eq €1.29M
TL CONSTRUCT
BE 0477.701.739
Glabbeek · Eq €1.29M
Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 3,947 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2002
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.