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AZO

Active
Public limited companyfounded 199531 yrs activeKatwilgweg 15, 2050 Antwerpen, BelgiumKBO/BCE: BE 0454.487.659
Summary

AZO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.4m and a net result of €4.7m. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability82▲+2
Solvency57▲+5
Growth67▲+14
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.3 in 2024; short-term debt: 65.8% and cash: 36.8% of total assets), and 67.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 31 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
32.1%
Return on assets
12.3%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
23 d early
2023
22 d early
2022
14 d early
2021
27 d early
2020
29 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 February 1995, AZO was incorporated.1 Of the 4 current board members, ART Solutions has served longest, since 2024.2 Revenue went from EUR 36 million in 2018 to EUR 46 million in 2025 and headcount from 99.3 to 130 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 22-10-2024
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€46.4m▲ 8.9%
2024 · €42.6m
EBIT margin
14.0%▲ 0.9pp
2024 · 13.1%
Net result
€4.7m▲ 8.8%
2024 · €4.3m
Working capital
€10.4m▲ 22.3%
2024 · €8.5m
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
Turnover€44.3m▲ 33.5%€40.5m▼ 8.4%€45.8m▲ 13.1%€42.6m▼ 7.1%€46.4m▲ 8.9%
Operating result€8.1m▲ 75.5%€5.4m▼ 33.0%€5.8m▲ 6.7%€5.6m▼ 3.4%€6.5m▲ 16.5%
Net result€5.9m▲ 78.9%€3.9m▼ 34.4%€4.2m▲ 7.8%€4.3m▲ 4.3%€4.7m▲ 8.8%
EBIT margin18.2%▲ 4.4pp13.3%▼ 4.9pp12.6%▼ 0.8pp13.1%▲ 0.5pp14.0%▲ 0.9pp
Equity€12.3m▲ 91.4%€16.2m▲ 31.3%€20.3m▲ 25.7%€10.6m▼ 47.6%€12.4m▲ 16.1%
Total assets€31.5m▲ 5.6%€37.0m▲ 17.6%€50.1m▲ 35.2%€39.3m▼ 21.6%€38.5m▼ 1.9%
Debt€18.7m▼ 18.7%€20.5m▲ 9.2%€29.3m▲ 43.2%€28.2m▼ 3.8%€25.7m▼ 8.9%
Working capital€9.7m▲ 184%€13.5m▲ 40.2%€17.9m▲ 32.6%€8.5m▼ 52.7%€10.4m▲ 22.3%
Staff (FTE)111.1▲ 6.5%119.6▲ 7.7%126.7▲ 5.9%130.3▲ 2.8%129.8▼ 0.4%
Why a figure moved sharply
  • 2021 Net result +79%, Equity +91% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
€0€2.5m€5.0m€7.5mOperating result 2021: €8.1m€8.1mNet result 2021: €5.9m€5.9mOperating result 2022: €5.4m€5.4mNet result 2022: €3.9m€3.9mOperating result 2023: €5.8m€5.8mNet result 2023: €4.2m€4.2mOperating result 2024: €5.6m€5.6mNet result 2024: €4.3m€4.3mOperating result 2025: €6.5m€6.5mNet result 2025: €4.7m€4.7m20212022202320242025€0€2m€4m€6mOperating result 2023: €5.8m€5.8mNet result 2023: €4.2m€4.2mOperating result 2024: €5.6m€5.6mNet result 2024: €4.3m€4.3mOperating result 2025: €6.5m€6.5mNet result 2025: €4.7m€4.7m202320242025
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.5m
Fixed assets €2.8m ▼ 1.4%
Current assets €35.7m ▼ 1.9%
Equity and liabilities €38.5m
Equity €12.4m ▲ 16.1%
Provisions €463,549 ▲ 8.9%
Debt €25.7m ▼ 8.9%
Debt's share of the balance-sheet total falls from 71.8% to 66.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6.8m▲
2024 · €5.9m
Cash flow
€5.1m▲
2024 · €4.7m
Current ratio
1.41▲
2024 · 1.30
Quick ratio
1.02▲
2024 · 0.96
Debt to equity
2.08▼
2024 · 2.65
ROE
38.2%▼
2024 · 40.7%
ROA
12.3%▲
2024 · 11.0%
Interest coverage
43.18▼
2024 · 50.46
Debt ≤ 1 year
€25.3m▼
2024 · €27.9m
Income taxes
€1.9m▲
2024 · €1.7m
Staff costs
€14.1m▼
2024 · €14.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,552 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,552 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 89 lines
Balance sheet Code20242025
Assets
Total assets20/58€39.3m€38.5m▼
Formation expenses20€0€0=
Fixed assets21/28€2.8m€2.8m▼
Intangible fixed assets21€6,999€30,205▲
Tangible fixed assets22/27€2.4m€2.3m▼
Land and buildings22€2.0m€1.9m▼
Plant, machinery and equipment23€167,520€184,684▲
Furniture and vehicles24€284,978€252,059▼
Financial fixed assets28€401,877€406,846▲
Affiliated companies280/1€400,310€404,879▲
Participating interests280€400,310€404,879▲
Other financial fixed assets284/8€1,567€1,967▲
Amounts receivable and cash guarantees285/8€1,567€1,967▲
Current assets29/58€36.4m€35.7m▼
Stocks and contracts in progress3€9.7m€9.9m▲
Stocks30/36€3.6m€4.9m▲
Goods purchased for resale34€2.1m€3.4m▲
Advance payments36€1.6m€1.5m▼
Contracts in progress37€6.1m€5.1m▼
Amounts receivable within one year40/41€12.6m€11.6m▼
Trade receivables40€11.1m€9.4m▼
Other amounts receivable41€1.5m€2.2m▲
Current investments50/53€4.0m-
Other investments51/53€4.0m-
Cash at bank and in hand54/58€10.1m€14.2m▲
Deferred charges and accrued income490/1€21,621€8,965▼
Equity and liabilities
Total equity and liabilities10/49€39.3m€38.5m▼
Equity10/15€10.6m€12.4m▲
Contributions10/11€150,000€150,000=
Capital10€150,000€150,000=
Issued capital100€150,000€150,000=
Reserves13€10.5m€12.2m▲
Non-distributable reserves130/1€15,000€15,000=
Legal reserve130€15,000€15,000=
Tax-exempt reserves132€5,422€5,422=
Distributable reserves133€10.5m€12.2m▲
Provisions and deferred taxes16€425,526€463,549▲
Provisions for liabilities and charges160/5€425,526€463,549▲
Other liabilities and charges164/5€425,526€463,549▲
Amounts payable17/49€28.2m€25.7m▼
Amounts payable within one year42/48€27.9m€25.3m▼
Trade debts44€2.4m€3.7m▲
Suppliers440/4€2.4m€3.7m▲
Advances received on contracts in progress46€23.0m€19.5m▼
Taxes, remuneration and social security45€2.5m€2.1m▼
Taxes450/3€336,773-
Remuneration and social security454/9€2.2m€2.1m▼
Other amounts payable47/48€11,891€12,166▲
Accrued charges and deferred income492/3€243,623€341,187▲
Income statement Code20242025
Operating income70/76A€47.7m€46.7m▼
Turnover70€42.6m€46.4m▲
Change in stocks of work in progress, finished goods and contracts in progress71€3.9m-€995,373▼
Other operating income74€1.2m€1.3m▲
Non-recurring operating income76A€29,220€22,350▼
Operating charges60/66A€42.1m€40.2m▼
Goods for resale, raw materials and consumables60€24.1m€20.4m▼
Purchases600/8€22.7m€21.7m▼
Change in stocks: decrease (increase)609€1.3m-€1.3m▼
Services and other goods61€3.5m€4.9m▲
Remuneration, social security and pensions62€14.2m€14.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€338,497€349,344▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€11,267
Provisions for liabilities and charges: additions (uses and reversals)635/8-€32,913€38,023▲
Other operating charges640/8€52,008€361,580▲
Non-recurring operating charges66A-€1,250
Operating profit (loss)9901€5.6m€6.5m▲
Financial income75/76B€601,738€312,330▼
Recurring financial income75€595,841€307,760▼
Income from financial fixed assets750€0-
Income from current assets751€548,663€294,528▼
Other financial income752/9€47,178€13,232▼
Non-recurring financial income76B€5,897€4,570▼
Financial charges65/66B€119,869€160,871▲
Recurring financial charges65€119,869€160,871▲
Debt charges650€117,024€158,250▲
Other financial charges652/9€2,844€2,621▼
Profit (loss) for the period before taxes9903€6.0m€6.6m▲
Income taxes67/77€1.7m€1.9m▲
Taxes670/3€1.7m€1.9m▲
Profit (loss) for the period9904€4.3m€4.7m▲
Profit (loss) for the period to be appropriated9905€4.3m€4.7m▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.3m€4.7m▲
Transfer from equity791/2€14.0m€3.0m▼
From reserves792€14.0m€3.0m▼
Transfer to equity691/2€4.3m€4.7m▲
To other reserves6921€4.3m€4.7m▲
Profit to be distributed694/7€14.0m€3.0m▼
Return on contributions (dividend)694€14.0m€3.0m▼
Social balance
Average headcount (FTE)9087130.3129.8▼

The notes to these accounts (67 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€39.9m€41.0m€48.1m€47.7m€46.7m▼ 2.2%
Turnover70€44.3m€40.5m€45.8m€42.6m€46.4m▲ 8.9%
Change in stocks of work in progress, finished goods and contracts in progress71-€5.2m-€641,731€1.1m€3.9m-€995,373▼ 126%
Other operating income74€884,617€1.1m€1.1m€1.2m€1.3m▲ 3.7%
Non-recurring operating income76A--€20,653€29,220€22,350▼ 23.5%
Operating charges60/66A€31.9m€35.6m€42.3m€42.1m€40.2m▼ 4.6%
Goods for resale, raw materials and consumables60€18.5m€20.3m€25.4m€24.1m€20.4m▼ 15.3%
Purchases600/8€18.6m€21.0m€26.6m€22.7m€21.7m▼ 4.6%
Change in stocks: decrease (increase)609-€83,249-€713,071-€1.2m€1.3m-€1.3m▼ 198%
Services and other goods61€2.1m€2.6m€2.9m€3.5m€4.9m▲ 39.4%
Remuneration, social security and pensions62€10.6m€12.3m€13.6m€14.2m€14.1m▼ 0.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€442,434€404,157€354,840€338,497€349,344▲ 3.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5,089---€11,267-
Provisions for liabilities and charges: additions (uses and reversals)635/8€111,101-€37,263€53,114-€32,913€38,023▲ 216%
Other operating charges640/8€92,145€46,815€89,196€52,008€361,580▲ 595%
Non-recurring operating charges66A€16,261---€1,250-
Operating profit (loss)9901€8.1m€5.4m€5.8m€5.6m€6.5m▲ 16.5%
Financial income75/76B€15,263€16,245€113,722€601,738€312,330▼ 48.1%
Recurring financial income75€10,177€11,456€108,467€595,841€307,760▼ 48.3%
Income from financial fixed assets750---€0--
Income from current assets751€588€745€75,471€548,663€294,528▼ 46.3%
Other financial income752/9€9,589€10,711€32,996€47,178€13,232▼ 72.0%
Non-recurring financial income76B€5,085€4,788€5,255€5,897€4,570▼ 22.5%
Financial charges65/66B€73,193€80,606€98,984€119,869€160,871▲ 34.2%
Recurring financial charges65€73,193€80,606€98,984€119,869€160,871▲ 34.2%
Debt charges650€56,374€62,672€87,738€117,024€158,250▲ 35.2%
Other financial charges652/9€16,819€17,933€11,246€2,844€2,621▼ 7.9%
Profit (loss) for the period before taxes9903€8.0m€5.3m€5.8m€6.0m€6.6m▲ 9.7%
Income taxes67/77€2.1m€1.5m€1.6m€1.7m€1.9m▲ 12.1%
Taxes670/3€2.1m€1.5m€1.6m€1.7m€1.9m▲ 12.1%
Profit (loss) for the period9904€5.9m€3.9m€4.2m€4.3m€4.7m▲ 8.8%
Transfer to tax-exempt reserves689€1,211€0----
Profit (loss) for the period to be appropriated9905€5.9m€3.9m€4.2m€4.3m€4.7m▲ 8.8%
Line20212022202320242025Change
Assets
Total assets20/58€31.5m€37.0m€50.1m€39.3m€38.5m▼ 1.9%
Formation expenses20-€0€0€0€0-
Fixed assets21/28€3.1m€3.1m€2.9m€2.8m€2.8m▼ 1.4%
Intangible fixed assets21€24,505€0€0€6,999€30,205▲ 332%
Tangible fixed assets22/27€2.7m€2.7m€2.5m€2.4m€2.3m▼ 2.8%
Land and buildings22€2.2m€2.3m€2.1m€2.0m€1.9m▼ 2.7%
Plant, machinery and equipment23€156,614€153,871€124,247€167,520€184,684▲ 10.2%
Furniture and vehicles24€310,430€260,611€247,776€284,978€252,059▼ 11.6%
Financial fixed assets28€387,043€391,831€395,779€401,877€406,846▲ 1.2%
Affiliated companies280/1€384,369€389,157€394,412€400,310€404,879▲ 1.1%
Participating interests280€384,369€389,157€394,412€400,310€404,879▲ 1.1%
Other financial fixed assets284/8€2,674€2,674€1,367€1,567€1,967▲ 25.5%
Amounts receivable and cash guarantees285/8€2,674€2,674€1,367€1,567€1,967▲ 25.5%
Current assets29/58€28.4m€34.0m€47.2m€36.4m€35.7m▼ 1.9%
Stocks and contracts in progress3€4.9m€4.7m€7.8m€9.7m€9.9m▲ 2.2%
Stocks30/36€3.2m€3.6m€5.5m€3.6m€4.9m▲ 33.3%
Goods purchased for resale34€1.4m€2.1m€3.4m€2.1m€3.4m▲ 63.1%
Advance payments36€1.7m€1.5m€2.1m€1.6m€1.5m▼ 5.6%
Contracts in progress37€1.7m€1.1m€2.2m€6.1m€5.1m▼ 16.3%
Amounts receivable within one year40/41€10.5m€12.3m€20.5m€12.6m€11.6m▼ 8.0%
Trade receivables40€9.7m€10.9m€19.8m€11.1m€9.4m▼ 15.6%
Other amounts receivable41€797,686€1.4m€749,537€1.5m€2.2m▲ 49.5%
Current investments50/53---€4.0m--
Other investments51/53---€4.0m--
Cash at bank and in hand54/58€12.9m€17.0m€18.9m€10.1m€14.2m▲ 40.6%
Deferred charges and accrued income490/1€33,522€4,313-€21,621€8,965▼ 58.5%
Equity and liabilities
Total equity and liabilities10/49€31.5m€37.0m€50.1m€39.3m€38.5m▼ 1.9%
Equity10/15€12.3m€16.2m€20.3m€10.6m€12.4m▲ 16.1%
Contributions10/11€150,000€150,000€150,000€150,000€150,000=
Capital10€150,000€150,000€150,000€150,000€150,000=
Issued capital100€150,000€150,000€150,000€150,000€150,000=
Reserves13€12.1m€16.0m€20.2m€10.5m€12.2m▲ 16.4%
Non-distributable reserves130/1€15,000€15,000€15,000€15,000€15,000=
Legal reserve130€15,000€15,000€15,000€15,000€15,000=
Tax-exempt reserves132€5,422€5,422€5,422€5,422€5,422=
Distributable reserves133€12.1m€16.0m€20.1m€10.5m€12.2m▲ 16.4%
Provisions and deferred taxes16€442,588€405,325€458,439€425,526€463,549▲ 8.9%
Provisions for liabilities and charges160/5€442,588€405,325€458,439€425,526€463,549▲ 8.9%
Other liabilities and charges164/5€442,588€405,325€458,439€425,526€463,549▲ 8.9%
Amounts payable17/49€18.7m€20.5m€29.3m€28.2m€25.7m▼ 8.9%
Amounts payable within one year42/48€18.7m€20.4m€29.3m€27.9m€25.3m▼ 9.3%
Trade debts44€3.3m€3.6m€3.5m€2.4m€3.7m▲ 51.6%
Suppliers440/4€3.3m€3.6m€3.5m€2.4m€3.7m▲ 51.6%
Advances received on contracts in progress46€13.2m€14.1m€23.0m€23.0m€19.5m▼ 15.1%
Taxes, remuneration and social security45€2.2m€2.6m€2.7m€2.5m€2.1m▼ 15.5%
Taxes450/3€326,070€364,805€378,374€336,773--
Remuneration and social security454/9€1.9m€2.3m€2.4m€2.2m€2.1m▼ 2.5%
Other amounts payable47/48€12,166€12,166€8,866€11,891€12,166▲ 2.3%
Accrued charges and deferred income492/3€33,576€40,351€41,088€243,623€341,187▲ 40.0%
Line20212022202320242025Change
Profit (loss) for the period9904€5.9m€3.9m€4.2m€4.3m€4.7m▲ 8.8%
+ Depreciation and write-downs630€442,434€404,157€354,840€338,497€349,344▲ 3.2%
Operating cash flow (approximation)€6.3m€4.3m€4.5m€4.7m€5.1m▲ 8.4%
Investment in fixed assets (approximation)--€345,530-€151,450-€296,390-€309,816▼ 4.5%
Change in cash-€4.0m€2.0m-€8.8m€4.1m▲ 146%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-07
State Gazette act Reappointment: Moore Audit BV (statutory auditor)
Permanent representatives: Bart Dauwen and Pieter Vanneuville · Resignation: Rainer Zimmermann (director) · Appointments: Dennis Künkel (director) and Lukas Zimmermann (chair)15 facts ▸
  • General meeting, 27-06-2025
  • Auditor reappointment, Moore Audit BV (statutory auditor)
  • Permanent representative, Bart Dauwen
  • General meeting, 23-06-2026
  • Director resignation, Rainer Zimmermann (director)
  • Director resignation, Rainer Zimmermann (chair)
  • Director discharge, Rainer Zimmermann
  • Director appointment, Dennis Künkel (director)
  • Mandate compensation, Dennis Künkel
  • Board meeting, 23-06-2026
  • Director appointment, Lukas Zimmermann (chair)
  • Board composition, Lukas Zimmermann (director and chair)
  • +3 further facts in this act
17-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
10-11
State Gazette act Restructuring
Merger · Accounting effect · Real estate9 facts ▸
  • Merger, geruisloze fusie
  • Accounting effect, 01-09-2025
  • Real estate, perceel grond, gelegen te Antwerpen, Katwilgweg 13, ten kadaster bekend als, sectie N, deel van nummers 223/Y en 223/K voor een oppervlakte van 2.363,20 m² than…
  • Capital, €18.600
  • Capital, €150.000
  • Shareholding, 100%
  • Statutes amendment, geen statutenwijziging, met uitzondering van een (eventuele) voorwerpwijziging
  • Waiver, fusiebalans
  • Waiver, tussentijdse cijfers
08-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
26-11
State Gazette act Permanent representatives: Johan Van Mieghem and Bart Dauwen
2 facts ▸
  • Permanent representative, Johan Van Mieghem (permanent representative)
  • Permanent representative, Bart Dauwen
22-10
State Gazette act Resignation: Frank Opdebeeck (director)
Appointments: Lukas Zimmermann (director) and ART SOLUTIONS BV (director) · Permanent representative: Pieter Vanneuville · Director discharge16 facts ▸
  • General meeting, 27-06-2024
  • Director resignation, Frank Opdebeeck (director)
  • Director resignation, Frank Opdebeeck (managing director)
  • Director discharge, Frank Opdebeeck
  • Director appointment, Lukas Zimmermann (director)
  • Director appointment, ART SOLUTIONS BV (director)
  • Mandate compensation, Lukas Zimmermann
  • Mandate compensation, ART SOLUTIONS BV
  • Board meeting, 27-06-2024
  • Director appointment, ART SOLUTIONS BV (managing director)
  • Permanent representative, Pieter Vanneuville
  • Mandate compensation, Pieter Vanneuville
  • +4 further facts in this act
09-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
11-03
State Gazette act Resignations: VANNEUVILLE Pieter, VAN OEVELEN Wim and 2 others
Reappointments: ZIMMERMANN Rainer Paul (director) and OPDEBEECK Frank Franciscus (director) · Appointments: OPDEBEECK Frank Franciscus (managing director) and ZIMMERMANN Rainer Paul (chair of the board) · Statutes amendment19 facts ▸
  • General meeting
  • Statutes amendment
  • Capital, €150.000
  • Director resignation, VANNEUVILLE Pieter (director)
  • Director resignation, VAN OEVELEN Wim (director)
  • Director resignation, ZIMMERMANN Rainer Paul (director)
  • Director resignation, OPDEBEECK Frank Franciscus (director)
  • Director reappointment, ZIMMERMANN Rainer Paul (director)
  • Director reappointment, OPDEBEECK Frank Franciscus (director)
  • Director discharge, VANNEUVILLE Pieter
  • Director discharge, VAN OEVELEN Wim
  • Director discharge, ZIMMERMANN Rainer Paul
  • +7 further facts in this act
2023
06-10
State Gazette act Reappointments: Moore Audit BV, Rainer Zimmermann and 2 others
Permanent representative: Johan Van Mieghem · Mandate compensation17 facts ▸
  • General meeting, 22-06-2022
  • Auditor reappointment, Moore Audit BV
  • Permanent representative, Johan Van Mieghem
  • General meeting, 22-06-2023
  • Director reappointment, Rainer Zimmermann (director)
  • Director reappointment, Frank Opdebeeck (director)
  • Director reappointment, Wim Van Oevelen (director)
  • Mandate compensation, Rainer Zimmermann
  • Mandate compensation, Frank Opdebeeck
  • Mandate compensation, Wim Van Oevelen
  • Board meeting, 22-06-2023
  • Director reappointment, Frank Opdebeeck (managing director)
  • +5 further facts in this act
17-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
04-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
28-04
State Gazette act Appointment: Pieter Vanneuville (director)
Mandate compensation7 facts ▸
  • General meeting, 21-03-2022
  • Director appointment, Pieter Vanneuville (director)
  • Mandate compensation, Pieter Vanneuville
  • Board composition, Rainer Zimmermann (director and chair)
  • Board composition, Frank Opdebeeck (director and managing director)
  • Board composition, Wim Van Oevelen (director)
  • Board composition, Pieter Vanneuville (director)
Show earlier events
2021
31-12
Financial Highest result since 2018net €5.9m ▲78.9%
Operating result €8.1m, net result €5.9m, both a record.
31-12
Financial Equity above €10mEq €12.3m ▲91.4%
4 profitable years in a row build equity to €12.3m.
02-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Weakest financial yearnet €1.5m ▼49.2%
Net result drops to €1.5m, the lowest in the series; recovery starts the following year.
06-08
State Gazette act Appointment: Moore Stephens Audit CVBA (statutory auditor)
Permanent representatives: Johan Van Mieghem and Bart Dauwen3 facts ▸
  • Auditor appointment, Moore Stephens Audit CVBA (statutory auditor)
  • Permanent representative, Johan Van Mieghem
  • Permanent representative, Bart Dauwen
24-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
19-10
State Gazette act Resignations & appointments
Power of attorney1 fact ▸
  • Power of attorney, Patricia Mathelin
29-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
29-03
State Gazette act Resignation: Robert Zimmermann (director and chair of the board)
Appointment: Rainer Zimmermann (chair of the board)3 facts ▸
  • Board meeting, 13-07-2017
  • Director resignation, Robert Zimmermann (director and chair of the board)
  • Director appointment, Rainer Zimmermann (chair of the board)
2017
14-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
31-10
State Gazette act Purpose
Purpose change · Power of attorney5 facts ▸
  • General meeting, 12-10-2016
  • Purpose change, De vennootschap heeft tot doel in België en in het buitenland: 1) De aankoop, de verkoop, de bemiddeling tot verkoop, de import, de export, de distributie, de c…
  • Power of attorney, Tanja De Naeyer
  • Power of attorney, Julie De Roy
  • Power of attorney, Patricia Mathelin
19-07
State Gazette act Reappointments: Robert Zimmermann, Rainer Zimmermann and 2 others
Appointment: Moore Stephens Audit BV CVBA (statutory auditor) · Permanent representative: Johan Van Mieghem · Mandate compensation14 facts ▸
  • General meeting, 22-06-2016
  • Director reappointment, Robert Zimmermann (director)
  • Director reappointment, Rainer Zimmermann (director)
  • Director reappointment, Frank Opdebeeck (director)
  • Director reappointment, Wim Van Oevelen (director)
  • Mandate compensation, Robert Zimmermann
  • Mandate compensation, Rainer Zimmermann
  • Mandate compensation, Frank Opdebeeck
  • Mandate compensation, Wim Van Oevelen
  • Auditor appointment, Moore Stephens Audit BV CVBA (statutory auditor)
  • Permanent representative, Johan Van Mieghem
  • Board meeting, 22-06-2016
  • +2 further facts in this act
2013
01-08
State Gazette act Resignation: Ellen Hoekstra (director)
Appointments: Wim Van Oevelen (director) and Verschelden - Walkiers & Co, Bedrijfsrevisoren BV CVBA (statutory auditor) · Permanent representative: Johan Van Mieghem · Director discharge7 facts ▸
  • General meeting, 21-06-2013
  • Director resignation, Ellen Hoekstra (director)
  • Director discharge, Ellen Hoekstra
  • Director appointment, Wim Van Oevelen (director)
  • Mandate compensation, Wim Van Oevelen
  • Auditor appointment, Verschelden - Walkiers & Co, Bedrijfsrevisoren BV CVBA (statutory auditor)
  • Permanent representative, Johan Van Mieghem
2010
08-10
State Gazette act Appointment: Walkiers & Co (statutory auditor)
2 facts ▸
  • General meeting, 18-06-2010
  • Auditor appointment, Walkiers & Co (statutory auditor)
16-07
State Gazette act Resignations: Jan Bogaert, Petronella Hoekstra and 2 others
Appointments: Robert Zimmermann, Rainer Zimmermann and 2 others · Statutes amendment · Capital24 facts ▸
  • General meeting, 18-06-2010
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Capital, €150.000
  • Director resignation, Jan Bogaert (director)
  • Director resignation, Petronella Hoekstra (director)
  • Director resignation, Robert Zimmermann (director)
  • Director resignation, Rainer Zimmermann (director)
  • Director discharge, Jan Bogaert
  • Director discharge, Petronella Hoekstra
  • +12 further facts in this act
2006
06-07
State Gazette act Reappointments: Jan Bogaert, Ellen Hoekstra and 2 others
Resignations: Emile Walkiers (statutory auditor) and Johan Van Mieghem (statutory auditor) · Mandate compensation14 facts ▸
  • General meeting, 20-06-2006
  • Director reappointment, Jan Bogaert (director)
  • Director reappointment, Ellen Hoekstra (director)
  • Director reappointment, Robert Zimmermann (director)
  • Director reappointment, Rainer Zimmermann (director)
  • Mandate compensation, Jan Bogaert
  • Mandate compensation, Ellen Hoekstra
  • Mandate compensation, Robert Zimmermann
  • Mandate compensation, Rainer Zimmermann
  • Director resignation, Emile Walkiers (statutory auditor)
  • Director resignation, Johan Van Mieghem (statutory auditor)
  • Board meeting, 20-06-2006
  • +2 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
16 of 16 acts read

Directors · office · real estate

Directors
4 directors, 1 in day-to-day management, no change since 2026

Board 4

Lukas Zimmermann
Chair · since 23-06-2026 · Director · since 27-06-2024
Current
ART Solutions
Director · since 27-06-2024 · Private limited company · perm. rep.: Pieter Vanneuville
Current
Frank Opdebeeck
Director · since 01-03-2025
Current
Dennis Künkel
Director · since 23-06-2026
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Petronella Hoekstra
Director · since 18-06-2010
Not recently confirmed

Day-to-day management 1

ART Solutions
Managing director · since 27-06-2024 · Private limited company · perm. rep.: Pieter Vanneuville
Current

Permanent representatives 1

Pieter Vanneuville
Permanent representative · since 27-06-2024 · for ART Solutions
Current

Statutory auditor 1

Moore Audit
Statutory auditor · since 22-06-2016 · perm. rep.: Bart Dauwen
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1995
seat establishment The establishment unit on the map
Ground area
6,363 m²
Building footprint
1,540 m²
Volume, LiDAR
10,315 m³
Parcel 11813N0223/00Z002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Katwilgweg 15, 2050 Antwerpen
Manufacture of machinery and equipment not elsewhere classified
since 19952.070.695.325
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11813N0223/00Z002 Flanders 6,363 m² 1 · 1,540 m² 9.0 m · 2 fl.
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.

Mandate history

15 people since 2006, 6 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Frank Opdebeeck
  • Director, from 18-06-2010 to 07-03-2024
  • Managing director, from 18-06-2010 to 27-06-2024
  • Director, until 27-06-2024
  • Director, already before 01-03-2025 to date
ART Solutions
  • Director, from 27-06-2024 to date
  • Managing director, from 27-06-2024 to date
Lukas Zimmermann
  • Director, from 27-06-2024 to date
  • Chair, from 23-06-2026 to date
Dennis Künkel
  • Director, from 23-06-2026 to date
Moore Audit
  • Statutory auditor, from 22-06-2016 to date
Petronella Hoekstra
  • Director, already before 18-06-2010 not ended, last confirmed 16-07-2010
Rainer Zimmermann
  • Director, already before 20-06-2006 to 23-06-2026
  • Chair of the board, from 19-03-2018 to 23-06-2026
Pieter Vanneuville
  • Director, from 21-03-2022 to 01-03-2024
VAN OEVELEN Wim
  • Director, from 21-06-2013 to 01-03-2024
Robert Zimmermann
  • Chair of the board, already before 20-06-2006 ended, last mentioned 19-07-2016
  • Director, already before 20-06-2006 to 19-03-2018
Verschelden - Walkiers & Co, Bedrijfsrevisoren BV CVBA
  • Statutory auditor, from 21-06-2013 to 22-06-2016
Ellen Hoekstra
  • Director, already before 20-06-2006 to 21-06-2013
Jan Bogaert
  • Director, already before 20-06-2006 to 18-06-2010
  • Managing director, already before 20-06-2006 ended, last mentioned 06-07-2006
Emile Walkiers
  • Statutory auditor, until 20-06-2006
Johan Van Mieghem
  • Statutory auditor, until 20-06-2006
See the board, name and seat on a given date →

Articles of association

Purpose
1) De aankoop, de verkoop, de bemiddeling tot verkoop, de import, de export, de distributie, de commercialisering, de algemene vertegenwoordiging van machines en installaties voor…
Full purpose

1) De aankoop, de verkoop, de bemiddeling tot verkoop, de import, de export, de distributie, de commercialisering, de algemene vertegenwoordiging van machines en installaties voor de industrie in de meest ruime betekenis; 2) De organisatie en het verlenen van een service, een naverkoopdienst alsmede het ontwikkelen van alle rechtstreeks of onrechtstreeks ondersteunende activiteiten met betrekking tot de activiteit omschreven in voorgaande paragraaf; 3) Het ontwerpen, monteren en opstarten van de hoger omschreven installaties en dit door eigen personeel of door derden; 4) Het verwerven, vervreemden, uitbaten, valoriseren, verkavelen, uitrusten, ordenen, het oordeelkundig uitbouwen, het beheren en verhandelen van een onroerend vermogen; het oprichten van gebouwen, alle verrichtingen, studies en operaties met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, het oprichten van, de aanpassing, de binnenhuisinrichting en decoratie, de huur en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten, onder meer recht van opstal, onroerende leasing. Dit alles uitsluitend voor eigen rekening, tenzij zou worden voldaan aan de voorwaarden als omschreven in het Koninklijk Besluit van 6 september 1993 inzake vastgoedmakelaar. Voormelde activiteiten kunnen zowel voor eigen rekening als voor rekening van derden op provisiebasis uitgevoerd worden. De vennootschap mag alle roerende of onroerende goederen, materialen en benoddheden, verwerven, huren of verhuren, vervaardigen, overdragen of ruilen, en in het algemeen, alle commerciële, industriële of financiële handelingen verrichten, welke rechtstreeks of onrechtstreeks in verband staan met haar voorwerp, met inbegrip van de onderaanneming in het algemeen, en de uitbating van alle intellectuele rechten industriële of commerciële eigendommen die er betrekking op hebben. Zij mag alle roerende en onroerende goederen als investeringen verwerven, zelfs als deze noch rechtstreeks noch onrechtstreeks verband houden met het voorwerp van de vennootschap. De vennootschap mag het bestuur en de vereffening waarnemen in alle verbonden vennootschappen, met dewelke een of andere band van deelneming bestaat en mag alle leningen, van gelijk welke vorm en voor gelijk welke duur, aan deze laatsten toestaan of borgstellingen verstrekken voor deze vennootschappen. Zij mag bij wijze van inbreng in speciën of in natura, van fusie, inschrijving, deelneming, financiële tussenkomst of op een andere wijze een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven, in België of het buitenland, waarvan het voorwerp identiek, gelijkaardig of verwant is met het hare, of van aard is de uitoefening van haar voorwerp te bevorderen. Deze lijst is exemplatief en niet beperkend.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of AZO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

4 current directors
Depth

The group is listed under Ownership & control below; here you explore it as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Acquisitions and mergers

1 transaction
Took over:VERVAN
BE 0420.267.445silent merger · proposal · State Gazette act of 10-11-2025

Capital and shareholders

Capital over the years
  1. 10-11-2025 Capital stated in 3 acts · 150,000 EUR · 6,000 shares

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 24,046 EUR awarded · 24,013 EUR paid
Year Entries awardedpaid
2025 1 1,353 EUR1,353 EUR
2024 1 8,239 EUR8,239 EUR
2023 2 7,151 EUR7,151 EUR
2022 2 7,303 EUR7,270 EUR
Schemes
4 entries · 17,036 EUR · 17,036 EUR paid · Departement Werk en Sociale Economie
2 entries · 7,010 EUR · 6,977 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 346 companies in sector 28990 we hold annual accounts for 278. 86 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
Founded01-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
28990Manufacture of machinery and equipment not elsewhere classified
71121Engineering and related technical consultancy, excluding land surveyors
33200Installation of industrial machinery and equipment
43990Other specialised construction activities
46649Wholesale of other machinery and equipment
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID 0208:0454487659
Also 9925:BE0454487659
Registered 30-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.