Equity
€667,174 ▲ 11.4%
AZINGRO paid out €60,000 in dividends. That is 47% of the 2025 profit.
AZINGRO
Lifetime
7 annual accounts with figures on one time axispeak €459,977 (2023)
€263,065▲ 8.6%
peak €309,672 (2023)
€128,110▼ 14.3%
peak €667,174 (2025)
€667,174▲ 11.4%
€597,990▲ 75.1%
peak 0.2 FTE (2024)
-not published
Board4 names since 2018
2 directorsLaura Vanden Avenne and 1 other
Documentsfilings and deeds
23-12-202539 days before the deadline
2025abbreviated format
Resignation: VANDEN AVENNE Yves (director) 18-07Dividend €60,000Debts from €341,472 to €597,990Cash from €134,270 to €432,424
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 69% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.2%▲ +0.1 percentage points vs 11-2025highest value
01-2026: < 0.1%▼ -0.2 percentage points vs 12-2025
02-2026: 0.1%▲ +0.1 percentage points vs 01-2026
03-2026: < 0.1%▼ -0.1 percentage points vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.05, cash €432,424
Size: total assets €1.3m
Figures for financial year 2025 (filed on 26-12-2025)
Equity €667,174 (52.7% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 60% of them on solvency, 75% on liquidity, 75% on profitability and 66% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as AZINGRO has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AZINGRO itself is lower: 0.1% within 12 months. It rests on far more data about AZINGRO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for AZINGRO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.05 (2.47 in 2024), above the usual 1.5. Short-term debt is 47.2% and cash 34.2% of total assets. 47.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 days early
2024
29 days early
2023
21 days early
2022
49 days early
2021
41 days early
2020
3 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 23 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
- VANDEN AVENNE Marcdeed of 18-07-2025
- VANDEN AVENNE Yvesdeed of 18-07-2025
Recent changes
Resignation: VANDEN AVENNE Yves (director)
Cancellation of 50 shares · VANDEN AVENNE Marc is a shareholder · VANDEN AVENNE Yves is a shareholder · General meeting of 08-07-2025 · Gazette deed
2 directors appointed, 1 resignation
Resignation: Valérie Vanden Avenne · Appointments: Yves Vanden Avenne and Laura Vanden Avenne (managing director) · General meeting of 12-09-2024 · Gazette deed
2 directors appointed, 1 resignation
Resignation: VANDEN AVENNE Valérie · Appointments: VANDEN AVENNE Yves and VANDEN AVENNE Laura (managing director) · Director discharge: VANDEN AVENNE Valérie · General meeting of 26-09-2024 · Gazette deed
Reappointments: VANDEN AVENNE Valérie (director) and VANDEN AVENNE Laura (director)
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AZINGRO Heist-op-den-Berg | €1.3m | €263,065 | 52.7% | - |
| NUTRIBAM Lille | €1.3m | €259,401 | -6.5% | 6.1 |
| ZULU FOODS Antwerp | €1.9m | €211,670 | 9.4% | 2 |
| LE BON SHOP MALMEDY Waimes | €0.9m | €283,045 | 7.1% | 9.7 |
| SUMO FOOD TRADE Spa | €1.0m | €296,965 | 0.7% | - |
| ARTISAN DISTRI Waasmunster | €1.1m | €318,244 | 11.1% | 4.8 |
| DELIMAX Sprimont | €1.9m | €218,850 | 52.3% | - |
These companies have the same main activity as AZINGRO: wholesale of other food products (NACE 46389). They are comparable in size and age: total assets between €883,000 and €1.9m, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 19-01-2018Normal situation
- Activity
- Wholesale of other food productsNACE 46389and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-06-2025
- Establishment unit
- 2.272.049.0142220 Heist-op-den-Berg, since 19-01-2018
- Financial year end
- 30 June
- Peppol
- Reachable since 20-11-2020
Annual accounts to 30-06-2025
- ≈ €1.6mestimated
- €1.3m▲ 34.5%
- Employeeson 30-06-2025
- 1=
- Filing
- Filed on 23-12-2025, 39 days before the end of the filing period
Insights on AZINGRO
AZINGRO files the abbreviated format. That format states no turnover. The gross margin rose from €10,160 in 2019 to €263,065 in 2025.
In October 2024, the Official Gazette published the appointment of Laura Vanden Avenne as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AZINGRO
- What is the company number of AZINGRO?
- The company number of AZINGRO is 0688.673.670. The VAT number is the same number with BE in front: BE 0688.673.670.
- Where is AZINGRO based?
- The registered office is at Wiekevorstsesteenweg 38, 2220 Heist-op-den-Berg.Company details
- What does AZINGRO do?
- According to the KBO register, the main activity is wholesale of other food products (NACE 46389).
- What is the legal form of AZINGRO?
- AZINGRO is a public limited company (NV).
- When was AZINGRO founded?
- AZINGRO was founded on 19-01-2018.
- Is AZINGRO still active?
- Yes, AZINGRO is an active enterprise in the KBO register.
- How many employees does AZINGRO have?
- AZINGRO had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does AZINGRO fall under?
- In its 30-06-2025 annual accounts, AZINGRO states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of AZINGRO?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €263,065 and 30 comparable companies (NACE 463). It probably lies between €1.2m and €2.9m.
- Is AZINGRO profitable?
- In financial year 2025, AZINGRO made a profit of €128,110.
- Where can I find the annual accounts of AZINGRO?
- AZINGRO filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AZINGRO due?
- AZINGRO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.