AZIMUTH LINES
Open bankruptcyA bankruptcy procedure is open for AZIMUTH LINES according to publications in the Belgian State Gazette; curator: BENNY GOOSSENS. The 2020 annual accounts show equity of €124k and a net result of €95k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-07-2021, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
1 d early
2019
54 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€124k▲ 334%
2019 · €29k
2018: €28k
2019: €29k
2018 → 2020
Total assets
€124k▲ 1.0%
2019 · €123k
2018: €121k
2019: €123k
2018 → 2020
Net result
€95k▲ 136,613%
2019 · €70
2018: €6k
2019: €70
2018 → 2020
Working capital
€29k▲ 4.4%
2019 · €28k
2018: €28k
2019: €28k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€28k-€29k▲ 0.1%€124k▲ 334%
Operating result€-2k-€-699▲ 67.6%€95k
Net result€6k-€70▼ 98.9%€95k▲ 136,613%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €95k after a loss of €699 in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €124k
Fixed assets
€496=
Current assets
€123k▲ 1.0%
Equity and liabilities €218k
Equity
€124k▲ 334%
Debt
€94k=
The debt ratio falls from 76.8% to 43.2%. Equity is higher.
Key figures and ratios
EBITDA
€95k▲
2019 · €-699
Cash flow
€95k▲
2019 · €70
Solvency
99.8%▲
2019 · 23.2%
Current ratio
1.31▲
2019 · 1.30
Quick ratio
1.31▲
2019 · 1.30
ROE
76.9%▲
2019 · 0.2%
ROA
76.8%▲
2019 · 0.1%
Debt
€94k=
2019 · €94k
Debt ≤ 1 year
€94k=
2019 · €94k
Income taxes
€0=
2019 · €0
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€123k€124k▲
Formation expenses20€0€0=
Fixed assets21/28€496€496=
Intangible fixed assets21€0€0=
Financial fixed assets28€496€496=
Current assets29/58€122k€123k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€2k€3k▲
Current investments50/53€0€0=
Cash at bank and in hand54/58€82€74▼
Equity and liabilities
Total equity and liabilities10/49€123k€124k▲
Equity10/15€29k€124k▲
Contributions10/11€20k-
Reserves13€2k€2k=
Profit (loss) carried forward14€7k€102k▲
Amounts payable17/49€94k€94k=
Amounts payable within one year42/48€94k€94k=
Trade debts44€92€192▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0€0=
Gross operating margin9900€-185€96k▲
Operating profit (loss)9901€-699€95k▲
Recurring financial income75€3k€3k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€70€95k▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€70€95k▲
Profit (loss) for the period to be appropriated9905€70€95k▲
Appropriation of the result
Return on contributions (dividend)694€0€0=
Timeline · acts, filings and financial milestones
2022
31-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AZIMUTH LINES BVBA SINT- MICHIELSKAAI 5/4, 2000 ANTWERPEN 1 · event 25-01-2022
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €95k ▲136613%
Operating result €95k, net result €95k, both a record.
31-12
Financial
Equity above €100kEq €124k ▲334%
3 profitable years in a row build equity to €124k.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet €70 ▼98.9%
Net result drops to €70, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 24 days late
2014
25-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 25 days late
2013
22-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 22 days late
2012
31-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
1 establishment unit since 1988
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.
Ground area
276 m²
Building footprint
206 m²
Volume, LiDAR
3,965 m³
Parcel 11804D3477/00C005, Flanders · tallest building 23.0 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
AZIMUT LINES BVBA
since 19882.102.729.178
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D3477/00C005 | Flanders | 276 m² | 1 · 206 m² | 23.0 m · 7 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENNY GOOSSENS MARKTPLEIN 22, 2110 WIJNEGEM- |
25-01-2022 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-10-1988
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.