AZIMUTH
ActiveSummary
AZIMUTH has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €542k and a net result of €49k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 11.77 against 3.5 in 2024; short-term debt: 1.7% and cash: 19.5% of total assets), and 1.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
98.3%
Return on assets
8.8%
Age of the figures
9 mo
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
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 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
22 d late
2023
29 d late
2022
70 d late
2021
26 d late
2020
30 d late
2019
76 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€542k▲ 9.8%
2024 · €494k
2018: €249klowest in 8 years
2019: €292k▲ +17.1% vs 2018
2020: €345k▲ +18.0% vs 2019
2021: €374k▲ +8.5% vs 2020
2022: €414k▲ +10.7% vs 2021
2023: €450k▲ +8.7% vs 2022
2024: €494k▲ +9.6% vs 2023
2025: €542k▲ +9.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€552k▲ 6.7%
2024 · €517k
2018: €477k
2019: €514k▲ +7.7% vs 2018
2020: €513k▼ -0.1% vs 2019
2021: €489k▼ -4.6% vs 2020
2022: €473k▼ -3.4% vs 2021lowest in 8 years
2023: €502k▲ +6.1% vs 2022
2024: €517k▲ +3.1% vs 2023
2025: €552k▲ +6.7% vs 2024highest in 8 years
2018 → 2025
Net result
€49k▲ 12.2%
2024 · €43k
2018: €59khighest in 8 years
2019: €43k▼ -28.1% vs 2018
2020: €53k▲ +23.4% vs 2019
2021: €29k▼ -44.5% vs 2020lowest in 8 years
2022: €40k▲ +37.4% vs 2021
2023: €36k▼ -10.1% vs 2022
2024: €43k▲ +19.7% vs 2023
2025: €49k▲ +12.2% vs 2024
2018 → 2025
Working capital
€102k▲ 121%
2024 · €46k
2018: €-40k
2019: €-49k▼ -22.3% vs 2018
2020: €-40k▲ +19.6% vs 2019
2021: €-54k▼ -35.7% vs 2020lowest in 8 years
2022: €-27k▲ +50.3% vs 2021
2023: €737▲ +103% vs 2022
2024: €46k▲ +6162% vs 2023
2025: €102k▲ +121% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€374k-€414k▲ 10.7%€450k▲ 8.7%€494k▲ 9.6%€542k▲ 9.8%
2021: €374klowest in 5 years
2022: €414k▲ +10.7% vs 2021
2023: €450k▲ +8.7% vs 2022
2024: €494k▲ +9.6% vs 2023
2025: €542k▲ +9.8% vs 2024highest in 5 years
Operating result€44k-€57k▲ 28.6%€15k▼ 73.4%€9k▼ 37.7%€7k▼ 26.7%
2021: €44k
2022: €57k▲ +28.6% vs 2021highest in 5 years
2023: €15k▼ -73.4% vs 2022
2024: €9k▼ -37.7% vs 2023
2025: €7k▼ -26.7% vs 2024lowest in 5 years
Net result€29k-€40k▲ 37.4%€36k▼ 10.1%€43k▲ 19.7%€49k▲ 12.2%
2021: €29klowest in 5 years
2022: €40k▲ +37.4% vs 2021
2023: €36k▼ -10.1% vs 2022
2024: €43k▲ +19.7% vs 2023
2025: €49k▲ +12.2% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 27% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €552k
Fixed assets
€440k ▼ 2.8%
Current assets
€112k ▲ 73.0%
Equity and liabilities €552k
Equity
€542k ▲ 9.8%
Debt
€9k ▼ 59.7%
Debt's share of the balance-sheet total falls from 4.6% to 1.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▼
2024 · €23k
Cash flow
€63k▲
2024 · €57k
Current ratio
11.77▲
2024 · 3.50
Debt to equity
0.02▼
2024 · 0.05
ROE
9.0%▲
2024 · 8.8%
ROA
8.8%▲
2024 · 8.4%
Interest coverage
29.70▲
2024 · 16.78
Debt ≤ 1 year
€9k▼
2024 · €18k
Debt > 1 year
€0▼
2024 · €5k
Income taxes
€8k▲
2024 · €7k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€517k€552k▲
Fixed assets21/28€453k€440k▼
Tangible fixed assets22/27€19k€7k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€19k€5k▼
Financial fixed assets28€434k€434k=
Current assets29/58€65k€112k▲
Amounts receivable within one year40/41-€247
Other amounts receivable41-€247
Cash at bank and in hand54/58€61k€108k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€517k€552k▲
Equity10/15€494k€542k▲
Contributions10/11€12k€12k=
Reserves13€481k€530k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€479k€528k▲
Amounts payable17/49€24k€9k▼
Amounts payable after more than one year17€5k€0▼
Financial debts170/4€5k€0▼
Amounts payable within one year42/48€18k€9k▼
Current portion of amounts payable after more than one year42€12k€5k▼
Trade debts44€2k€0▼
Suppliers440/4€2k€0▼
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€506€446▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€970€699▼
Gross operating margin9900€24k€22k▼
Operating profit (loss)9901€9k€7k▼
Financial income75/76B€43k€50k▲
Recurring financial income75€43k€50k▲
Financial charges65/66B€1k€718▼
Recurring financial charges65€1k€718▼
Profit (loss) for the period before taxes9903€51k€56k▲
Income taxes67/77€7k€8k▲
Profit (loss) for the period9904€43k€49k▲
Profit (loss) for the period to be appropriated9905€43k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€49k▲
Transfer to equity691/2€43k€49k▲
To other reserves6921€43k€49k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €19k | €14k | €14k | ▲ 2.9% |
| Other operating charges640/8 | €837 | €672 | €930 | €970 | €699 | ▼ 28.0% |
| Gross operating margin9900 | €57k | €69k | €35k | €24k | €22k | ▼ 9.8% |
| Operating profit (loss)9901 | €44k | €57k | €15k | €9k | €7k | ▼ 26.7% |
| Financial income75/76B | €0 | - | €30k | €43k | €50k | ▲ 17.6% |
| Recurring financial income75 | €0 | - | €30k | €43k | €50k | ▲ 17.6% |
| Financial charges65/66B | €4k | €2k | €1k | €1k | €718 | ▼ 48.6% |
| Recurring financial charges65 | €4k | €2k | €1k | €1k | €718 | ▼ 48.6% |
| Profit (loss) for the period before taxes9903 | €41k | €55k | €44k | €51k | €56k | ▲ 11.2% |
| Income taxes67/77 | €11k | €15k | €8k | €7k | €8k | ▲ 5.2% |
| Profit (loss) for the period9904 | €29k | €40k | €36k | €43k | €49k | ▲ 12.2% |
| Profit (loss) for the period to be appropriated9905 | €29k | €40k | €36k | €43k | €49k | ▲ 12.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €489k | €473k | €502k | €517k | €552k | ▲ 6.7% |
| Fixed assets21/28 | €456k | €444k | €467k | €453k | €440k | ▼ 2.8% |
| Tangible fixed assets22/27 | €22k | €10k | €33k | €19k | €7k | ▼ 65.9% |
| Plant, machinery and equipment23 | €782 | €277 | €0 | - | €1k | - |
| Furniture and vehicles24 | €22k | €10k | €33k | €19k | €5k | ▼ 73.1% |
| Financial fixed assets28 | €434k | €434k | €434k | €434k | €434k | = |
| Current assets29/58 | €34k | €29k | €35k | €65k | €112k | ▲ 73.0% |
| Amounts receivable within one year40/41 | €0 | - | - | - | €247 | - |
| Other amounts receivable41 | €0 | - | - | - | €247 | - |
| Cash at bank and in hand54/58 | €34k | €29k | €35k | €61k | €108k | ▲ 75.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3k | €4k | ▲ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €489k | €473k | €502k | €517k | €552k | ▲ 6.7% |
| Equity10/15 | €374k | €414k | €450k | €494k | €542k | ▲ 9.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €362k | €402k | €438k | €481k | €530k | ▲ 10.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €360k | €400k | €436k | €479k | €528k | ▲ 10.1% |
| Amounts payable17/49 | €115k | €59k | €51k | €24k | €9k | ▼ 59.7% |
| Amounts payable after more than one year17 | €28k | €3k | €17k | €5k | €0 | ▼ 100% |
| Financial debts170/4 | €28k | €3k | €17k | €5k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €87k | €56k | €34k | €18k | €9k | ▼ 48.5% |
| Current portion of amounts payable after more than one year42 | €55k | €25k | €14k | €12k | €5k | ▼ 56.6% |
| Trade debts44 | €4k | €731 | €731 | €2k | €0 | ▼ 100% |
| Suppliers440/4 | €4k | €731 | €731 | €2k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €28k | €30k | €19k | €4k | €4k | ▲ 4.4% |
| Taxes450/3 | €27k | €30k | €19k | €4k | €4k | ▲ 6.7% |
| Remuneration and social security454/9 | €239 | €239 | €557 | €506 | €446 | ▼ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €40k | €36k | €43k | €49k | ▲ 12.2% |
| + Depreciation and write-downs630 | €12k | €12k | €19k | €14k | €14k | ▲ 2.9% |
| Operating cash flow (approximation) | €41k | €52k | €56k | €57k | €63k | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | €0 | €-42k | €0 | €-2k | - |
| Change in cash | - | €-5k | €6k | €26k | €46k | ▲ 78.4% |
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
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity triplescurrent ratio 11.77
Current ratio from 3.50 to 11.77; short-term debt falls from €18k to €9k.
31-12
Financial
Equity above €500kEq €542k ▲9.8%
8 profitable years in a row build equity to €542k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 3.50
Current ratio from 1.02 to 3.50; short-term debt falls from €34k to €18k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €29k ▼44.5%
Net result drops to €29k, 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
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2012
Ground area
638 m²
Building footprint
564 m²
Volume, LiDAR
8,220 m³
Parcel 11802B2116/00B000, Flanders · tallest building 22.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Azimuth
since 20122.211.817.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B2116/00B000 | Flanders | 638 m² | 1 · 564 m² | 22.6 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 5,724 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 (pre-2019)
Founded03-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.