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AZOLLA

Active Risk: not assessed
Private limited companyfounded 2002active for 24 yearsIndustrielaan 8, 9320 Aalst, BelgiumKBO/BCE: BE 0477.429.446

Financials · financial year 2025, full format

2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00537197.

Annual accounts 2025 filed on 30-09-2026 at the NBB all 23 filings

Turnover
€617,075▲ 9.8%
2024 · €562,056
EBIT margin
11.6%▲ 20.4pp
2024 · -8.8%
Net result
-€8,705▲ 93.2%
2024 · -€128,616
Working capital
-€3.3m▼ 2.2%
2024 · -€3.2m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a profit of €71,619, after a loss of €49,284 in 2024. It is the highest result since 2021.

Turnover€0.6m 2025 Operating result€0.07m 2025 Net result-€0.009m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.6m-€1.1m▲ 86.1%€0.5m▼ 56.6%€0.7m▲ 36.6%€0.3m▼ 53.6%€0.6m▲ 88.3%€0.6m▼ 4.1%€0.6m▲ 9.8%
Operating result€0.3m-€0.8m▲ 173%-€0.2m€0.07m-€0.4m-€0.1m▲ 69.1%-€0.05m▲ 62.8%€0.07m
Net result€0.2m-€0.7m▲ 253%-€0.2mbelow the sector's middle half€0.004mwithin the sector's middle half-€0.5mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 57.8%-€0.1mbelow the sector's middle half▲ 38.8%-€0.009mbelow the sector's middle half▲ 93.2%
EBIT margin46.4%-68.1%▲ 21.7pp-35.8%▼ 103.9pp10.1%▲ 45.9pp-137.7%▼ 147.9pp-22.6%▲ 115.1pp-8.8%▲ 13.8pp11.6%▲ 20.4pp
Equity€2.9m-€3.6m▲ 23.8%€3.4mabove the sector's middle half▼ 6.6%€3.4mabove the sector's middle half▲ 0.1%€2.9mwithin the sector's middle half▼ 14.6%€2.7mwithin the sector's middle half▼ 7.3%€2.6mwithin the sector's middle half▼ 4.8%€2.6mwithin the sector's middle half▼ 0.3%
Total assets€7.0m-€7.8m▲ 11.2%€6.2mabove the sector's middle half▼ 21.0%€6.2mwithin the sector's middle half▼ 0.1%€6.2mwithin the sector's middle half▲ 0.8%€6.3mwithin the sector's middle half▲ 0.6%€5.8mwithin the sector's middle half▼ 7.3%€5.9mwithin the sector's middle half▲ 1.6%
Debt€4.1m-€4.2m▲ 2.3%€2.8m▼ 33.4%€2.8m▼ 0.4%€3.3m▲ 19.6%€3.6m▲ 7.5%€3.3m▼ 9.2%€3.4m▲ 3.1%
Working capital-€3.3m--€2.7m▲ 19.3%-€2.8mbelow the sector's middle half▼ 4.7%-€2.8mbelow the sector's middle half▲ 0.2%-€3.3mbelow the sector's middle half▼ 17.2%-€3.3mbelow the sector's middle half▼ 1.1%-€3.2mbelow the sector's middle half▲ 1.5%-€3.3mbelow the sector's middle half▼ 2.2%
Solvency41.6%-46.3%▲ 4.7pp54.8%within the sector's middle half▲ 8.5pp54.9%within the sector's middle half▲ 0.1pp46.5%within the sector's middle half▼ 8.4pp42.9%within the sector's middle half▼ 3.6pp44.0%within the sector's middle half▲ 1.2pp43.2%within the sector's middle half▼ 0.8pp
Current ratio0.20-0.37▲ 0.170.01below the sector's middle half▼ 0.360.00below the sector's middle half=0.02below the sector's middle half▲ 0.020.08below the sector's middle half▲ 0.060.00below the sector's middle half▼ 0.080.01below the sector's middle half▲ 0.01
Return on assets (ROA)2.8%-8.9%▲ 6.1pp-3.9%below the sector's middle half▼ 12.8pp0.1%below the sector's middle half▲ 3.9pp-8.0%below the sector's middle half▼ 8.1pp-3.4%below the sector's middle half▲ 4.6pp-2.2%below the sector's middle half▲ 1.1pp-0.1%below the sector's middle half▲ 2.1pp
Staff (FTE)3.3-4.5▲ 36.4%5.8within the sector's middle half▲ 28.9%6within the sector's middle half▲ 3.4%6within the sector's middle half=5within the sector's middle half▼ 16.7%5within the sector's middle half=5within the sector's middle half=
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.9m
Fixed assets €5.9m ▲ 1.1%
Current assets €44,869 ▲ 222%
Equity and liabilities €5.9m
Equity €2.6m ▼ 0.3%
Debt €3.4m ▲ 3.1%
Debt's share of the balance-sheet total rises from 56.0% to 56.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
-0.3%▲
2024 · -5.0%
Debt ≤ 1 year
€3.4m▲
2024 · €3.3m
Staff costs
€433,505▲
2024 · €397,236
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date66555
full-time66555
in full-time equivalents66555
Average over the year, in full-time equivalents66555
On a permanent contract66555
Joined--0--
Left--1--
Training hours--62416

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Intangible fixed assets€356,145€378,760€308,582€174,576€327,150
Depreciation and write-downs of the year€358,397€398,378€420,836€353,069€264,967

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit€2,500€2,625€2,900€3,118€3,081
Other work by the auditor€2,953€1,181---
Work by persons linked to the auditor---€1,153€1,153

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Comparable companies

These companies have the same main activity as AZOLLA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €4.8m and €8.8m, founded between 1999 and 2005.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
AZOLLA Aalst2002€5.9m€2.6m€0.6m-€0.009m52025
REMIC Aalter1999€7.1m€2.9m€1.0m€17.1m3.82025
MOVO Nieuwpoort2001€6.2m€2.3m€1.0m€0.1m6.32025
POSA Roeselare2002€4.8m€4.7m€0.6m-€0.07m3.12025
TIME ZONE Ranst2005€7.3m€6.4m€0.5m€0.06m3.72025
SOVA-CONSULT Tielt2003€8.8m€8.5m€0.7m€0.6m62025
DIFFERENT HOTEL GROUP Genk2001€5.0m€2.8m€1.1m€0.5m4.32025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€5.8m€5.9m▲
Fixed assets21/28€5.8m€5.9m▲
Intangible fixed assets21€0.6m€0.7m▲
Financial fixed assets28€5.2m€5.2m=
Affiliated companies280/1€5.2m€5.2m=
Participating interests280€5.2m€5.2m=
Current assets29/58€0.01m€0.04m▲
Amounts receivable within one year40/41€0.006m€0.04m▲
Trade receivables40-€0.03m
Other amounts receivable41€0.006m€0.007m▲
Cash at bank and in hand54/58€0.007m€0.005m▼
Deferred charges and accrued income490/1€0.001m€0.001m▲
Equity and liabilities
Total equity and liabilities10/49€5.8m€5.9m▲
Equity10/15€2.6m€2.6m▼
Contributions10/11€0.02m€0.02m=
Reserves13€2.5m€2.5m▼
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Distributable reserves133€2.5m€2.5m▼
Amounts payable17/49€3.3m€3.4m▲
Amounts payable within one year42/48€3.3m€3.4m▲
Trade debts44€0.1m€0.2m▲
Suppliers440/4€0.1m€0.2m▲
Taxes, remuneration and social security45€0.2m€0.1m▼
Taxes450/3€0.05m€0.04m▼
Remuneration and social security454/9€0.1m€0.07m▼
Other amounts payable47/48€3.0m€3.0m▲
Income statement Code20242025
Operating income70/76A€0.8m€0.9m▲
Turnover70€0.6m€0.6m▲
Own construction capitalised72€0.2m€0.2m▲
Other operating income74€0.05m€0.05m▲
Operating charges60/66A€0.8m€0.8m▼
Services and other goods61€0.07m€0.07m▼
Remuneration, social security and pensions62€0.4m€0.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.3m▼
Other operating charges640/8€0.004m€0.02m▲
Operating profit (loss)9901-€0.05m€0.07m▲
Financial charges65/66B€0.08m€0.08m▲
Recurring financial charges65€0.08m€0.08m▲
Debt charges650€0.08m€0.07m▼
Other financial charges652/9€0.002m€0.006m▲
Profit (loss) for the period before taxes9903-€0.1m-€0.009m▲
Profit (loss) for the period9904-€0.1m-€0.009m▲
Profit (loss) for the period to be appropriated9905-€0.1m-€0.009m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.1m-€0.009m▲
Transfer from equity791/2€0.1m€0.009m▼
From reserves792€0.1m€0.009m▼
Social balance sheet
Average headcount (FTE)90875.05.0=

The notes to these accounts have 33 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Operating income70/76A---€0.9m€0.6m€0.8m€0.8m€0.9m▲ 10.3%
Turnover70€0.6m€1.1m€0.5m€0.7m€0.3m€0.6m€0.6m€0.6m▲ 9.8%
Own construction capitalised72---€0.2m€0.2m€0.2m€0.2m€0.2m▲ 12.8%
Other operating income74---€0.05m€0.06m€0.05m€0.05m€0.05m▲ 8.5%
Operating charges60/66A---€0.8m€1.0m€0.9m€0.8m€0.8m▼ 5.0%
Goods for resale, raw materials and consumables60----€0.1m€0.05m---
Purchases600/8----€0.1m€0.05m---
Services and other goods61---€0.08m€0.06m€0.07m€0.07m€0.07m▼ 0.3%
Remuneration, social security and pensions62---€0.4m€0.4m€0.4m€0.4m€0.4m▲ 9.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m€0.4m€0.4m€0.4m€0.4m€0.4m€0.3m▼ 25.0%
Other operating charges640/8---€0.001m€442€491€0.004m€0.02m▲ 260%
Operating profit (loss)9901€0.3m€0.8m-€0.2m€0.07m-€0.4m-€0.1m-€0.05m€0.07m-
Recurring financial income75€0.01m€0.02m-------
Financial charges65/66B---€0.06m€0.07m€0.08m€0.08m€0.08m▲ 1.3%
Recurring financial charges65€0.09m€0.1m€0.06m€0.06m€0.07m€0.08m€0.08m€0.08m▲ 1.3%
Debt charges650€0.09m€0.1m€0.06m€0.06m€0.07m€0.08m€0.08m€0.07m▼ 4.5%
Other financial charges652/9---€0.001m€0.001m€0.001m€0.002m€0.006m▲ 285%
Profit (loss) for the period before taxes9903€0.2m€0.7m-€0.2m€0.004m-€0.5m-€0.2m-€0.1m-€0.009m▲ 93.2%
Income taxes67/77€267€43--€0.001m-€274---
Taxes670/3----€0.001m----
Tax adjustments and reversals of tax provisions77-----€274---
Profit (loss) for the period9904€0.2m€0.7m-€0.2m€0.004m-€0.5m-€0.2m-€0.1m-€0.009m▲ 93.2%
Profit (loss) for the period to be appropriated9905€0.2m€0.7m-€0.2m€0.004m-€0.5m-€0.2m-€0.1m-€0.009m▲ 93.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€7.0m€7.8m€6.2m€6.2m€6.2m€6.3m€5.8m€5.9m▲ 1.6%
Fixed assets21/28€6.2m€6.3m€6.2m€6.2m€6.2m€6.0m€5.8m€5.9m▲ 1.1%
Intangible fixed assets21€1.1m€1.1m€1.0m€1.0m€1.0m€0.8m€0.6m€0.7m▲ 9.8%
Financial fixed assets28€5.2m€5.2m€5.2m€5.2m€5.2m€5.2m€5.2m€5.2m=
Affiliated companies280/1---€5.2m€5.2m€5.2m€5.2m€5.2m=
Participating interests280---€5.2m€5.2m€5.2m€5.2m€5.2m=
Current assets29/58€0.8m€1.5m€0.02m€0.01m€0.08m€0.3m€0.01m€0.04m▲ 222%
Amounts receivable within one year40/41€0.8m€1.5m€0.006m€0.007m€0.08m€0.3m€0.006m€0.04m▲ 510%
Trade receivables40----€0.05m€0.2m-€0.03m-
Other amounts receivable41---€0.007m€0.03m€0.05m€0.006m€0.007m▲ 8.0%
Cash at bank and in hand54/58€0.002m€0.009m€0.006m€0.003m€0.001m€0.001m€0.007m€0.005m▼ 28.5%
Deferred charges and accrued income490/1---€0.001m€0.003m€0.001m€0.001m€0.001m▲ 0.5%
Equity and liabilities
Total equity and liabilities10/49€7.0m€7.8m€6.2m€6.2m€6.2m€6.3m€5.8m€5.9m▲ 1.6%
Equity10/15€2.9m€3.6m€3.4m€3.4m€2.9m€2.7m€2.6m€2.6m▼ 0.3%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€2.7m€2.7m€2.7m€2.7m€2.7m€2.7m€2.5m€2.5m▼ 0.3%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m=
Distributable reserves133---€2.7m€2.7m€2.7m€2.5m€2.5m▼ 0.3%
Profit (loss) carried forward14€0.2m€0.9m€0.7m€0.7m€0.2m----
Amounts payable17/49€4.1m€4.2m€2.8m€2.8m€3.3m€3.6m€3.3m€3.4m▲ 3.1%
Amounts payable within one year42/48€4.1m€4.2m€2.8m€2.8m€3.3m€3.6m€3.3m€3.4m▲ 3.1%
Trade debts44€0.2m€0.09m€0.1m€0.1m€0.3m€0.2m€0.1m€0.2m▲ 129%
Suppliers440/4---€0.1m€0.3m€0.2m€0.1m€0.2m▲ 129%
Taxes, remuneration and social security45---€0.09m€0.08m€0.09m€0.2m€0.1m▼ 27.9%
Taxes450/3---€0.02m€0.03m€0.01m€0.05m€0.04m▼ 29.5%
Remuneration and social security454/9---€0.07m€0.06m€0.08m€0.1m€0.07m▼ 27.1%
Other amounts payable47/48---€2.6m€2.9m€3.3m€3.0m€3.0m▲ 0.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.2m€0.7m-€0.2m€0.004m-€0.5m-€0.2m-€0.1m-€0.009m▲ 93.2%
+ Depreciation and write-downs630€0.3m€0.3m€0.4m€0.4m€0.4m€0.4m€0.4m€0.3m▼ 25.0%
Operating cash flow (approximation)€0.5m€1.0m€0.1m€0.4m-€0.1m€0.2m€0.2m€0.3m▲ 14.2%
Investment in fixed assets (approximation)--€0.4m-€0.2m-€0.4m-€0.4m-€0.2m-€0.2m-€0.3m▼ 87.4%
Change in cash-€0.007m-€0.003m-€0.002m-€0.003m€446€0.005m-€0.002m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 30-09-2026 2026-00537197 NBB
31-12-2024 full format 06-10-2025 2025-00534503 PDF
31-12-2023 full format 16-09-2024 2024-00462304 PDF
31-12-2022 full format 31-08-2023 2023-00428443 PDF
31-12-2021 full format 29-07-2022 2022-20247857 PDF
31-12-2020 full format 08-11-2021 2021-76900269 PDF
31-12-2019 full format 08-10-2020 2020-60400511 PDF
31-12-2018 full format 29-07-2019 2019-40900451 PDF
31-12-2017 full format 27-07-2018 2018-39600453 PDF
31-12-2016 full format 11-07-2017 2017-30700179 PDF

Show all 23 filings

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