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AZITECH

Active
Private limited companyfounded 20232 years activeDriesstraat 128, 9240 Zele, BelgiumKBO/BCE: BE 1001.632.193
Summary

The computed 12-month bankruptcy probability of AZITECH is 7.0% (elevated). The 2024 annual accounts show equity of €34,403 and a net result of €29,403. Its solvency ranks better than 45% of 1,336 sector peers (NACE 42, fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Construction of utility projects for electricity and telecommunications
NACE 42220
1 site
Size
€83,610total assets 2024
Staff
2.1 FTE
Equity
€34,403
Profit
€29,403
Turnover not published (abridged schema)
Financial health
36 Weak Checked score 2024
Bankruptcy probability, 12 months
7.0%
Structure
Accounts filed 61 days late0 of 1 deed read
Why 36- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 1 of the last 3 late- Figures for FY 2024 (filed 01-10-2025)- Founded in 2023- Liquidity: current ratio 1.68Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 52% of its sector peers (NACE 42, micro)
Financial strength
Strong
Solvency 66
equity 41.1% of total assets
Liquidity 39
short-term debt 58.9%
Profitability 94
return on assets 35.2%
Bankruptcy probability, 12 months
7.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,865 companies)
Last 24 months 11-2024: 1.8%lowest value 12-2024: 1.8%● unchanged vs 11-2024lowest value 01-2025: 1.9%▲ +0.1 percentage points vs 12-2024 02-2025: 2.2%▲ +0.3 percentage points vs 01-2025 03-2025: 2.3%▲ +0.1 percentage points vs 02-2025 04-2025: 2.5%▲ +0.2 percentage points vs 03-2025 05-2025: 2.5%● unchanged vs 04-2025 06-2025: 2.8%▲ +0.3 percentage points vs 05-2025 07-2025: 2.9%▲ +0.1 percentage points vs 06-2025 08-2025: 2.7%▼ -0.2 percentage points vs 07-2025 09-2025: 3.0%▲ +0.3 percentage points vs 08-2025 10-2025: 3.1%▲ +0.1 percentage points vs 09-2025 11-2025: 4.8%▲ +1.7 percentage points vs 10-2025 12-2025: 4.8%● unchanged vs 11-2025 01-2026: 4.8%● unchanged vs 12-2025 02-2026: 4.8%● unchanged vs 01-2026 03-2026: 4.8%● unchanged vs 02-2026 04-2026: 4.8%● unchanged vs 03-2026 05-2026: 4.8%● unchanged vs 04-2026 06-2026: 4.7%▼ -0.1 percentage points vs 05-2026 07-2026: 4.6%▼ -0.1 percentage points vs 06-2026 08-2026: 5.4%▲ +0.8 percentage points vs 07-2026 09-2026: 5.6%▲ +0.2 percentage points vs 08-2026 10-2026: 7.0%▲ +1.4 percentage points vs 09-2026highest value
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.68; short-term debt: 58.9% of total assets), but 58.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 42, micro): better than 47% on solvency, 31% on liquidity and 78% on profitability.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
+raises risk○neutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 1 of the last 3 late
NBB · filings
raises risk · Figures for FY 2024 (filed 01-10-2025)
NBB · annual accounts
raises risk · Founded in 2023
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.68
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
61 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 61 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Latest accounts filed lateafter the legal deadline 61 days View
  • Among the largest 20% on gross marginsector median €46,736 · 1,323 companies €133,077 View
  • Total assets 2024first fiscal year filed €83,610 View

By topic

Financials

Fiscal year
2024
Total assets
€83,610
Profit
€29,403
Solvency
41.1%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded
25-10-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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