AZINGRO
ActiveSummary
AZINGRO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €667k and a net result of €128k. Equity is growing by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 59% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-8
Solvency78▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.05 against 2.47 in 2024; short-term debt: 47.2% and cash: 34.2% of total assets), and 47.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
52.7%
Return on assets
10.1%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
39 d early
2024
29 d early
2023
21 d early
2022
49 d early
2021
41 d early
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€667k▲ 11.4%
2024 · €599k
Total assets
€1.27M▲ 34.5%
2024 · €941k
Net result
€128k▼ 14.3%
2024 · €150k
Working capital
€626k▲ 26.3%
2024 · €495k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€157k▲ 3.1%€249k▲ 58.1%€415k▲ 66.5%€206k▼ 50.4%€174k▼ 15.7%
Net result€125k▼ 11.7%€183k▲ 46.1%€310k▲ 69.0%€150k▼ 51.7%€128k▼ 14.3%
Equity€242k▲ 108%€325k▲ 34.4%€510k▲ 56.9%€599k▲ 17.6%€667k▲ 11.4%
Total assets€542k▼ 29.1%€1.05M▲ 93.7%€756k▼ 28.0%€941k▲ 24.4%€1.27M▲ 34.5%
Debt€300k▼ 53.7%€725k▲ 141%€246k▼ 66.0%€341k▲ 38.6%€598k▲ 75.1%
Working capital€243k▲ 107%€320k▲ 31.7%€504k▲ 57.5%€495k▼ 1.8%€626k▲ 26.3%
Staff (FTE)00.21▲ 400%
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 two years in a row; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€43k ▼ 60.7%
Current assets
€1.22M ▲ 47.0%
Equity and liabilities €1.27M
Equity
€667k ▲ 11.4%
Debt
€598k ▲ 75.1%
Debt's share of the balance-sheet total rises from 36.3% to 47.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€189k▼
2024 · €222k
Cash flow
€144k▼
2024 · €166k
Current ratio
2.05▼
2024 · 2.47
Quick ratio
1.52▼
2024 · 1.86
Debt to equity
0.90▲
2024 · 0.57
ROE
19.2%▼
2024 · 25.0%
ROA
10.1%▼
2024 · 15.9%
Interest coverage
11.10▼
2024 · 16.83
Debt ≤ 1 year
€597k▲
2024 · €336k
Income taxes
€38k▼
2024 · €45k
Staff costs
€68k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €38k | €24k | €68k | ▲ 185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1k | €16k | €16k | ▼ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €11k | €6k | €-5k | €2k | ▲ 142% |
| Other operating charges640/8 | - | €450 | €369 | €1k | €3k | ▲ 142% |
| Non-recurring operating charges66A | - | - | - | - | €206 | - |
| Gross operating margin9900 | €170k | €260k | €460k | €242k | €263k | ▲ 8.6% |
| Operating profit (loss)9901 | €157k | €249k | €415k | €206k | €174k | ▼ 15.7% |
| Financial income75/76B | - | €2k | €6k | €2k | €10k | ▲ 435% |
| Recurring financial income75 | €14k | €2k | €6k | €2k | €10k | ▲ 435% |
| Financial charges65/66B | - | €11k | €9k | €13k | €17k | ▲ 29.2% |
| Recurring financial charges65 | €11k | €11k | €9k | €13k | €17k | ▲ 29.2% |
| Profit (loss) for the period before taxes9903 | €161k | €240k | €411k | €194k | €166k | ▼ 14.4% |
| Income taxes67/77 | €36k | €57k | €102k | €45k | €38k | ▼ 14.5% |
| Profit (loss) for the period9904 | €125k | €183k | €310k | €150k | €128k | ▼ 14.3% |
| Profit (loss) for the period to be appropriated9905 | €125k | €183k | €310k | €150k | €128k | ▼ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €542k | €1.05M | €756k | €941k | €1.27M | ▲ 34.5% |
| Fixed assets21/28 | - | €6k | €6k | €109k | €43k | ▼ 60.7% |
| Intangible fixed assets21 | - | €6k | €5k | €4k | €2k | ▼ 33.3% |
| Tangible fixed assets22/27 | - | - | €1k | €105k | €40k | ▼ 61.6% |
| Plant, machinery and equipment23 | - | - | €1k | €667 | €1k | ▲ 88.4% |
| Furniture and vehicles24 | - | - | - | €105k | €39k | ▼ 62.6% |
| Current assets29/58 | €542k | €1.04M | €750k | €832k | €1.22M | ▲ 47.0% |
| Stocks and contracts in progress3 | €244k | €517k | €258k | €206k | €316k | ▲ 53.6% |
| Stocks30/36 | - | €517k | €258k | €206k | €316k | ▲ 53.6% |
| Amounts receivable within one year40/41 | €148k | €508k | €224k | €480k | €442k | ▼ 7.8% |
| Trade receivables40 | - | €505k | €220k | €428k | €352k | ▼ 17.8% |
| Other amounts receivable41 | - | €3k | €4k | €51k | €90k | ▲ 75.1% |
| Cash at bank and in hand54/58 | €150k | €17k | €266k | €134k | €432k | ▲ 222% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €12k | €32k | ▲ 162% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €542k | €1.05M | €756k | €941k | €1.27M | ▲ 34.5% |
| Equity10/15 | €242k | €325k | €510k | €599k | €667k | ▲ 11.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €174k | €257k | €442k | €531k | €600k | ▲ 12.8% |
| Amounts payable17/49 | €300k | €725k | €246k | €341k | €598k | ▲ 75.1% |
| Amounts payable within one year42/48 | €299k | €724k | €246k | €336k | €597k | ▲ 77.4% |
| Financial debts43 | - | €250k | €0 | - | - | - |
| Other loans439 | - | €250k | €0 | - | - | - |
| Trade debts44 | €113k | €361k | €74k | €250k | €517k | ▲ 107% |
| Suppliers440/4 | - | €361k | €74k | €250k | €517k | ▲ 107% |
| Advances received on contracts in progress46 | - | - | - | €10k | - | - |
| Taxes, remuneration and social security45 | - | €12k | €47k | €16k | €20k | ▲ 25.5% |
| Taxes450/3 | - | €7k | €33k | €6k | €2k | ▼ 58.4% |
| Remuneration and social security454/9 | - | €6k | €14k | €10k | €17k | ▲ 75.3% |
| Other amounts payable47/48 | - | €100k | €125k | €61k | €60k | ▼ 1.3% |
| Accrued charges and deferred income492/3 | - | €1k | €701 | €5k | €1k | ▼ 74.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125k | €183k | €310k | €150k | €128k | ▼ 14.3% |
| + Depreciation and write-downs630 | - | - | €1k | €16k | €16k | ▼ 3.3% |
| Operating cash flow (approximation) | €125k | €183k | €311k | €166k | €144k | ▼ 13.3% |
| Investment in fixed assets (approximation) | - | - | €-1k | €-119k | €50k | ▲ 142% |
| Change in cash | - | €-133k | €249k | €-132k | €298k | ▲ 326% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €310k ▲69%
Operating result €415k, net result €310k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 3.05
Current ratio from 1.44 to 3.05; short-term debt falls from €724k to €246k.
30-06
Financial
Equity above €500kEq €510k ▲56.9%
5 profitable years in a row build equity to €510k.
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €200kEq €242k ▲108%
3 profitable years in a row build equity to €242k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €100kEq €116k ▲81.1%
2 profitable years in a row build equity to €116k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Heist-op-den-Berg · 1 establishment unit since 2018
Ground area
3,685 m²
Building footprint
197 m²
Parcel 12014D0353/00D002, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
AZINGRO
since 20182.272.049.014
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014D0353/00D002 | Flanders | 3,685 m² | 1 · 197 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 28,590 EUR awarded · 28,590 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 8,505 EUR | 8,505 EUR |
| 2024 | 1 | 5,121 EUR | 5,121 EUR |
| 2023 | 1 | 6,899 EUR | 6,899 EUR |
| 2022 | 1 | 8,065 EUR | 8,065 EUR |
Schemes
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Food safety, FASFC
1 siteHeist-op-den-Berg2.272.049.014
Legal Entity Identifier
894500FNDQMWXZB63372
Similar companies · same sector, comparable size
BETRAMOS
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VIMA
BE 0426.539.187
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LUNA STELLA
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Of 1,425 companies in sector 46389 we hold annual accounts for 853. 514 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-01-2018
Fiscal year end30-06
Activities, NACEBEL 2025
46389Wholesale of other food products
46460Wholesale of pharmaceutical and medical goods
Scores and ratios are computed by Checked and are not a credit decision.