AZOR
ActiveSummary
AZOR has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €133,839 and a net result of -€13,231. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 45% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-2
Solvency62▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.63 in 2023; short-term debt: 62.5% and cash: 0.2% of total assets), but 62.5% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
37.5%
Return on assets
-3.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€13,231
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
28 d early
2022
24 d early
2021
31 d late
2020
9 d early
2019
152 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€13,231▼ 55.8%
2023 · -€8,493
Working capital
€124,243▼ 9.1%
2023 · €136,626
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€32,748€45,799▲ 39.9%-€27,240-€8,673▲ 68.2%-€9,976▼ 15.0%
Net result€33,526above the sector's middle half€37,739above the sector's middle half▲ 12.6%-€26,820below the sector's middle half-€8,493below the sector's middle half▲ 68.3%-€13,231below the sector's middle half▼ 55.8%
Equity€144,642within the sector's middle half▲ 30.2%€182,381above the sector's middle half▲ 26.1%€155,562within the sector's middle half▼ 14.7%€147,069within the sector's middle half▼ 5.5%€133,839below the sector's middle half▼ 9.0%
Total assets€444,584above the sector's middle half▲ 4.6%€450,783above the sector's middle half▲ 1.4%€374,799within the sector's middle half▼ 16.9%€365,117within the sector's middle half▼ 2.6%€357,133below the sector's middle half▼ 2.2%
Debt€299,942▼ 4.5%€268,402▼ 10.5%€219,237▼ 18.3%€218,048▼ 0.5%€223,294▲ 2.4%
Working capital€125,478above the sector's middle half▲ 43.0%€176,659above the sector's middle half▲ 40.8%€146,834above the sector's middle half▼ 16.9%€136,626above the sector's middle half▼ 7.0%€124,243within the sector's middle half▼ 9.1%
Solvency32.5%within the sector's middle half▲ 6.4pp40.5%within the sector's middle half▲ 7.9pp41.5%within the sector's middle half▲ 1.0pp40.3%within the sector's middle half▼ 1.2pp37.5%within the sector's middle half▼ 2.8pp
Current ratio1.43within the sector's middle half▲ 0.141.67within the sector's middle half▲ 0.251.67within the sector's middle half=1.63within the sector's middle half▼ 0.041.56within the sector's middle half▼ 0.07
Return on assets (ROA)7.5%within the sector's middle half▲ 20.4pp8.4%within the sector's middle half▲ 0.8pp-7.2%below the sector's middle half▼ 15.5pp-2.3%within the sector's middle half▲ 4.8pp-3.7%below the sector's middle half▼ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,976 in 2024 against €8,673 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €357,133
Fixed assets
€9,595 ▼ 8.1%
Current assets
€347,538 ▼ 2.0%
Equity and liabilities €357,133
Equity
€133,839 ▼ 9.0%
Debt
€223,294 ▲ 2.4%
Debt's share of the balance-sheet total rises from 59.7% to 62.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,129▼
2023 · -€7,825
Cash flow
-€12,383▼
2023 · -€7,645
Debt to equity
1.67▲
2023 · 1.48
ROE
-9.9%▼
2023 · -5.8%
Interest coverage
-2.59▲
2023 · -54.93
Debt ≤ 1 year
€223,294▲
2023 · €218,048
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,321 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,324 | €5,392 | €2,731 | €848 | €847 | ▼ 0.1% |
| Other operating charges640/8 | - | €1,063 | €348 | €384 | €387 | ▲ 0.8% |
| Non-recurring operating charges66A | - | - | €2,620 | - | - | - |
| Gross operating margin9900 | €39,421 | €52,254 | -€21,542 | -€7,440 | -€8,741 | ▼ 17.5% |
| Operating profit (loss)9901 | €32,748 | €45,799 | -€27,240 | -€8,673 | -€9,976 | ▼ 15.0% |
| Financial income75/76B | - | €2,099 | €585 | €323 | €265 | ▼ 17.9% |
| Recurring financial income75 | €1,848 | €2,099 | €585 | €323 | €265 | ▼ 17.9% |
| Financial charges65/66B | - | €4,154 | €165 | €142 | €3,519 | ▲ 2,370% |
| Recurring financial charges65 | €1,070 | €4,154 | €165 | €142 | €3,519 | ▲ 2,370% |
| Profit (loss) for the period before taxes9903 | €33,526 | €43,744 | -€26,820 | -€8,493 | -€13,231 | ▼ 55.8% |
| Income taxes67/77 | - | €6,005 | - | - | - | - |
| Profit (loss) for the period9904 | €33,526 | €37,739 | -€26,820 | -€8,493 | -€13,231 | ▼ 55.8% |
| Transfer from tax-exempt reserves789 | - | €37,500 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €33,526 | €75,239 | -€26,820 | -€8,493 | -€13,231 | ▼ 55.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444,584 | €450,783 | €374,799 | €365,117 | €357,133 | ▼ 2.2% |
| Fixed assets21/28 | €24,901 | €11,459 | €8,728 | €10,443 | €9,595 | ▼ 8.1% |
| Intangible fixed assets21 | €7,797 | €4,051 | €1,700 | €1,146 | €592 | ▼ 48.4% |
| Tangible fixed assets22/27 | €2,094 | €448 | €69 | €2,337 | €2,044 | ▼ 12.6% |
| Furniture and vehicles24 | - | €448 | €69 | €2,337 | €2,044 | ▼ 12.6% |
| Financial fixed assets28 | €15,010 | €6,960 | €6,960 | €6,960 | €6,960 | = |
| Current assets29/58 | €419,683 | €439,324 | €366,070 | €354,674 | €347,538 | ▼ 2.0% |
| Amounts receivable within one year40/41 | €418,633 | €436,315 | €355,576 | €352,305 | €346,901 | ▼ 1.5% |
| Trade receivables40 | - | €344,246 | €330,755 | €327,848 | €326,293 | ▼ 0.5% |
| Other amounts receivable41 | - | €92,069 | €24,820 | €24,457 | €20,607 | ▼ 15.7% |
| Cash at bank and in hand54/58 | €663 | €2,890 | €10,443 | €2,317 | €637 | ▼ 72.5% |
| Deferred charges and accrued income490/1 | - | €119 | €52 | €52 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444,584 | €450,783 | €374,799 | €365,117 | €357,133 | ▼ 2.2% |
| Equity10/15 | €144,642 | €182,381 | €155,562 | €147,069 | €133,839 | ▼ 9.0% |
| Contributions10/11 | €326,228 | €326,228 | €326,228 | €326,228 | €326,228 | = |
| Capital10 | - | €326,228 | €326,228 | €326,228 | €326,228 | = |
| Issued capital100 | - | €326,228 | €326,228 | €326,228 | €326,228 | = |
| Reserves13 | €59,805 | €22,305 | €22,305 | €22,305 | €22,305 | = |
| Non-distributable reserves130/1 | - | €22,305 | €22,305 | €22,305 | €22,305 | = |
| Legal reserve130 | - | €22,305 | €22,305 | €22,305 | €22,305 | = |
| Profit (loss) carried forward14 | -€241,390 | -€166,151 | -€192,971 | -€201,464 | -€214,694 | ▼ 6.6% |
| Amounts payable17/49 | €299,942 | €268,402 | €219,237 | €218,048 | €223,294 | ▲ 2.4% |
| Amounts payable within one year42/48 | €294,205 | €262,665 | €219,237 | €218,048 | €223,294 | ▲ 2.4% |
| Trade debts44 | €35,586 | €28,663 | €6,654 | €12,898 | €14,637 | ▲ 13.5% |
| Suppliers440/4 | - | €28,663 | €6,654 | €12,898 | €14,637 | ▲ 13.5% |
| Taxes, remuneration and social security45 | - | €6,680 | €6,005 | - | €387 | - |
| Taxes450/3 | - | €6,680 | €6,005 | - | €387 | - |
| Other amounts payable47/48 | - | €227,323 | €206,579 | €205,150 | €208,270 | ▲ 1.5% |
| Accrued charges and deferred income492/3 | - | €5,737 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,526 | €37,739 | -€26,820 | -€8,493 | -€13,231 | ▼ 55.8% |
| + Depreciation and write-downs630 | €5,324 | €5,392 | €2,731 | €848 | €847 | ▼ 0.1% |
| Operating cash flow (approximation) | €38,849 | €43,132 | -€24,089 | -€7,645 | -€12,383 | ▼ 62.0% |
| Investment in fixed assets (approximation) | - | €8,050 | €0 | -€2,562 | €0 | ▲ 100% |
| Change in cash | - | €2,227 | €7,552 | -€8,126 | -€1,680 | ▲ 79.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €37,739 ▲12.6%
Operating result €45,799, net result €37,739, both a record.
31-12
Financial
Equity above €150,000Eq €182,381 ▲26.1%
2 profitable years in a row build equity to €182,381.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €33,526
Net result €33,526 after 2 loss-making years.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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
Registered office, Elsene · 1 establishment unit since 2000
Ground area
1,218 m²
Building footprint
1,221 m²
Volume, LiDAR
17,976 m³
Parcel 21822R0227/00T003, Brussels · tallest building 32.8 m, ±2 floors. Linked by address, not a title deed.
180
companies at this address
See who is registered here
1 establishment unit
AZOR
since 20002.131.283.703
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00T003 | Brussels | 1,218 m² | 1 · 1,221 m² | 32.8 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
33%
According to the 2024 annual accounts of AZOR 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
No current directors or connected companies found in the register.
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Of 472 companies in sector 46442 we hold annual accounts for 336. 227 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
Founded01-01-1985
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
46425Wholesale trade
46450Wholesale of perfume and cosmetics
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427184040
Also
9925:BE0427184040
Registered
23-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.