AZM BRANDENSTEYN
InactiveAZM BRANDENSTEYN was declared bankrupt on 12-10-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 30-03-2026, published in the Belgian State Gazette on 02-04-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-03-2024 close31-10-2024 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 17-05-2023, 167 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
167 d early
2022
35 d early
2020
36 d early
2019
170 d early
2018
135 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-106k▼ 1.8%
2022 · €-104k
2018: €52k
2019: €53k
2020: €53k
2022: €-104k
2018 → 2023
Total assets
€1k▼ 97.7%
2022 · €61k
2018: €103k
2019: €126k
2020: €156k
2022: €61k
2018 → 2023
Net result
€-2k▲ 98.8%
2022 · €-157k
2018: €61k
2019: €61k
2020: €500
2022: €-157k
2018 → 2023
Working capital
€-82k▲ 23.8%
2022 · €-107k
2018: €-18k
2019: €-16k
2020: €46k
2022: €-107k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020222023Trend
Equity€52k-€53k▲ 1.0%€53k▲ 1.0%€-104k€-106k▼ 1.8%
Operating result€71k-€73k▲ 2.4%€12k▼ 83.2%€-140k€23k
Net result€61k-€61k=€500▼ 99.2%€-157k€-2k▲ 98.8%
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 returns to profit in 2023: €23k after a loss of €140k in 2022.
Key figures and ratios
Debt
€108k▼
2022 · €166k
Debt ≤ 1 year
€83k▼
2022 · €134k
Debt > 1 year
€24k▼
2022 · €32k
Income taxes
€8k▲
2022 · €8k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€61k€1k▼
Fixed assets21/28€35k-
Tangible fixed assets22/27€35k-
Leasing and similar rights25€35k-
Current assets29/58€27k€1k▼
Amounts receivable within one year40/41€27k€787▼
Trade receivables40€27k€787▼
Deferred charges and accrued income490/1-€624
Equity and liabilities
Total equity and liabilities10/49€61k€1k▼
Equity10/15€-104k€-106k▼
Contributions10/11€25k€25k=
Reserves13€28k€28k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k-
Other1319-€3k
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€-157k€-159k▼
Amounts payable17/49€166k€108k▼
Amounts payable after more than one year17€32k€24k▼
Financial debts170/4€32k-
Other amounts payable178/9-€24k
Amounts payable within one year42/48€134k€83k▼
Current portion of amounts payable after more than one year42€12k-
Financial debts43€38k€28k▼
Credit institutions430/8€38k€28k▼
Trade debts44€995€4k▲
Suppliers440/4€995€4k▲
Taxes, remuneration and social security45€83k€51k▼
Taxes450/3€83k€51k▼
Accrued charges and deferred income492/3-€360
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k-
Other operating charges640/8€1k€396▼
Non-recurring operating charges66A€277k€26k▼
Gross operating margin9900€159k€49k▼
Operating profit (loss)9901€-140k€23k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€10k€16k▲
Recurring financial charges65€10k€16k▲
Profit (loss) for the period before taxes9903€-150k€6k▲
Income taxes67/77€8k€8k▲
Profit (loss) for the period9904€-157k€-2k▲
Profit (loss) for the period to be appropriated9905€-157k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-157k€-159k▼
Profit (loss) brought forward from the previous period14P-€-157k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · AZM BRAN- DENSTEYN BV ZAKSTRAAT 22, 9112 SINAAI-WAAS · event 30-03-2026
2023
18-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · AZM BRANDENSTEYN BV ZAKSTRAAT 22, 9112 SINAAI-WAAS · event 12-10-2023
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
02-03
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · amiable · event 20-02-2023
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €-157k ▼31588%
Net result drops to €-157k, the lowest in the series.
2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity doublescurrent ratio 1.83
Current ratio from 0.77 to 1.83; short-term debt falls from €72k to €55k.
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
16-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
14-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
15-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
02-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
03-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
17-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
12-10-2023 → present |