AZOR
ActiveFrom the official registers: KBO 39 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of AZOR is 1.7% (moderate). The 2024 annual accounts show equity of €133,839 and a net result of -€13,231. Equity remains stable across the filed financial years (±1.9% per year). Its solvency ranks better than 45% of 6,063 sector peers (NACE 46, financial year 2024). The company has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 01-01-1985 Normal situation
- Legal form
- Public limited company
- Registered office
- Louizalaan 500, 1050 Elsene
- Activity
- Wholesale trade NACE 46442and 3 others
- Establishment unit
- 2.131.283.703 1050 Elsene, since 02-11-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 23-02-2026
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.7%
- Gross margin
- -€8,741
- ▼ 17.5%
- Loss
- €13,231
- ▲ 55.8%
- Equity
- €133,839
- ▼ 9.0%
- Total assets
- €357,133
- ▼ 2.2%
Why 53raises riskFigures for financial year 2024 (filed 30-06-2025)Liquidity: current ratio 1.56, cash €637, halvedSector: Wholesale trade (NACE 46)lowers riskFounded in 1985Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro): better than 46% on solvency, 17% on liquidity, 19% on profitability and 27% on growth.
The bankruptcy probability was computed on 31-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 6 accounts on average 15 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 30-06-2025
- Format
- full format
- Reference
- 2025-00196074
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €9,976 in 2024 against €8,673 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 12,322 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,241 | €9,112 | €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 | -€53,353 | -€54,366 | €39,421 | €52,254 | -€21,542 | -€7,440 | -€8,741 | ▼ 17.5% |
| Operating profit (loss)9901 | -€63,008 | -€55,478 | €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 | €4,216 | €2,347 | €1,848 | €2,099 | €585 | €323 | €265 | ▼ 17.9% |
| Financial charges65/66B | - | - | - | €4,154 | €165 | €142 | €3,519 | ▲ 25× |
| Recurring financial charges65 | €3,609 | €1,444 | €1,070 | €4,154 | €165 | €142 | €3,519 | ▲ 25× |
| Profit (loss) for the period before taxes9903 | -€62,401 | -€54,576 | €33,526 | €43,744 | -€26,820 | -€8,493 | -€13,231 | ▼ 55.8% |
| Income taxes67/77 | €57 | - | - | €6,005 | - | - | - | - |
| Profit (loss) for the period9904 | -€62,457 | -€54,576 | €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 | -€62,457 | -€54,576 | €33,526 | €75,239 | -€26,820 | -€8,493 | -€13,231 | ▼ 55.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €472,128 | €425,185 | €444,584 | €450,783 | €374,799 | €365,117 | €357,133 | ▼ 2.2% |
| Fixed assets21/28 | €38,198 | €29,086 | €24,901 | €11,459 | €8,728 | €10,443 | €9,595 | ▼ 8.1% |
| Intangible fixed assets21 | €19,390 | €11,544 | €7,797 | €4,051 | €1,700 | €1,146 | €592 | ▼ 48.4% |
| Tangible fixed assets22/27 | €3,799 | €2,533 | €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 | €15,010 | €15,010 | €6,960 | €6,960 | €6,960 | €6,960 | = |
| Current assets29/58 | €433,930 | €396,099 | €419,683 | €439,324 | €366,070 | €354,674 | €347,538 | ▼ 2.0% |
| Stocks and contracts in progress3 | €14,304 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €418,615 | €394,632 | €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 | €642 | €1,045 | €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 | €472,128 | €425,185 | €444,584 | €450,783 | €374,799 | €365,117 | €357,133 | ▼ 2.2% |
| Equity10/15 | €165,692 | €111,117 | €144,642 | €182,381 | €155,562 | €147,069 | €133,839 | ▼ 9.0% |
| Contributions10/11 | €326,228 | €326,228 | €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 | €59,805 | €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 | -€220,341 | -€274,916 | -€241,390 | -€166,151 | -€192,971 | -€201,464 | -€214,694 | ▼ 6.6% |
| Provisions and deferred taxes16 | €175,000 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €131,436 | €314,068 | €299,942 | €268,402 | €219,237 | €218,048 | €223,294 | ▲ 2.4% |
| Amounts payable within one year42/48 | €126,447 | €308,331 | €294,205 | €262,665 | €219,237 | €218,048 | €223,294 | ▲ 2.4% |
| Trade debts44 | €24,359 | €34,963 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,457 | -€54,576 | €33,526 | €37,739 | -€26,820 | -€8,493 | -€13,231 | ▼ 55.8% |
| + Depreciation and write-downs630 | €9,241 | €9,112 | €5,324 | €5,392 | €2,731 | €848 | €847 | ▼ 0.1% |
| Operating cash flow (approximation) | -€53,216 | -€45,463 | €38,849 | €43,132 | -€24,089 | -€7,645 | -€12,383 | ▼ 62.0% |
| Investment in fixed assets (approximation) | - | €0 | -€1,139 | €8,050 | €0 | -€2,562 | €0 | - |
| Change in cash | - | €403 | -€382 | €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.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 30-06-2025 | 2025-00196074 | |
| 31-12-2023 | micro format | 03-07-2024 | 2024-00201769 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00215036 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20394215 | |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38800413 | |
| 31-12-2019 | micro format | 30-12-2020 | 2020-77900482 | |
| 31-12-2018 | micro format | 11-06-2019 | 2019-17200052 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-37300574 | |
| 31-12-2016 | micro format | 25-07-2017 | 2017-35700592 | |
| 31-12-2015 | full format | 27-06-2016 | 2016-23100283 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 1
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Desaever Sascha |
|
Owners and capital
Owners
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
33%
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-02
Gazette deed
Reappointment: Desaever Sascha (director and managing director)2 facts ▸
- General meeting, 26-08-2022
- Director reappointment, Desaever Sascha (director and managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21822R0227/00T003 | Brussels | 1,218 m² | 1 · 1,221 m² | 32.8 m · 2 |