AZRACOM
ActiveFor AZRACOM, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €188k and a net result of €13k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 1187 sector peers (fiscal year 2023). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability79▲+2
Solvency100=
Growth45▲+2
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
97.8%
Return on assets
6.6%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 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 · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline16-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-11-2024, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
120 d late
2022
46 d late
2020
69 d late
2019
224 d late
2018
590 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€161k▲ 4.4%
2022 · €155k
2018: €171k
2019: €161k
2020: €196k
2022: €155k
2018 → 2023
EBIT margin
9.4%▲ 2.1pp
2022 · 7.3%
2018: 29.0%
2019: 12.3%
2020: 24.5%
2022: 7.3%
2018 → 2023
Net result
€13k▼ 7.3%
2022 · €14k
2018: €45k
2019: €20k
2020: €49k
2022: €14k
2018 → 2023
Working capital
€98k▼ 6.2%
2022 · €104k
2018: €114k
2019: €137k
2020: €168k
2022: €104k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020222023Trend
Turnover€171k-€161k▼ 5.5%€196k▲ 21.7%€155k▼ 21.2%€161k▲ 4.4%
Equity€117k-€138k▲ 17.2%€172k▲ 24.9%€194k▲ 12.6%€188k▼ 3.0%
Operating result€50k-€20k▼ 59.8%€48k▲ 142%€11k▼ 76.6%€15k▲ 34.3%
Net result€45k-€20k▼ 54.8%€49k▲ 144%€14k▼ 72.2%€13k▼ 7.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 34% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €192k
Fixed assets
€90k▲ 0.7%
Current assets
€102k▼ 3.0%
Equity and liabilities €192k
Equity
€188k▼ 3.0%
Debt
€4k▲ 368%
The debt ratio rises from 0.5% to 2.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25k▲
2022 · €21k
Cash flow
€22k▼
2022 · €24k
Solvency
97.8%▼
2022 · 99.5%
Current ratio
24.05
Quick ratio
24.05
Debt / equity
0.02▲
2022 · 0.00
ROE
6.8%▼
2022 · 7.1%
ROA
6.6%▼
2022 · 7.1%
Interest coverage
224.07▲
2022 · 100.24
Debt
€4k▲
2022 · €909
Debt ≤ 1 year
€4k▲
2022 · €909
Income taxes
€4k
Staff costs
€1k▼
2022 · €16k
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€194k€192k▼
Fixed assets21/28€89k€90k▲
Tangible fixed assets22/27€89k€90k▲
Plant, machinery and equipment23€526-
Furniture and vehicles24€1k€11k▲
Other tangible fixed assets26€87k€79k▼
Current assets29/58€105k€102k▼
Amounts receivable within one year40/41€105k€86k▼
Trade receivables40€62k€81k▲
Other amounts receivable41€43k€5k▼
Cash at bank and in hand54/58€329€1k▲
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€194k€192k▼
Equity10/15€194k€188k▼
Contributions10/11€19k-
Capital10€19k-
Issued capital100€19k-
Reserves13€161k€161k=
Non-distributable reserves130/1€2k-
Legal reserve130€2k-
Distributable reserves133€159k€161k▲
Profit (loss) carried forward14€14k€26k▲
Amounts payable17/49€909€4k▲
Amounts payable within one year42/48€909€4k▲
Trade debts44€99€260▲
Suppliers440/4€99€260▲
Taxes, remuneration and social security45€810€4k▲
Taxes450/3-€4k
Remuneration and social security454/9€810-
Other amounts payable47/48-€313
Income statement
Code20222023
Turnover70€155k€161k▲
Goods, raw materials, services and sundry goods60/61€117k€133k▲
Remuneration, social security and pensions62€16k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€249€2k▲
Gross operating margin9900€38k€28k▼
Operating profit (loss)9901€11k€15k▲
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€213€111▼
Recurring financial charges65€213€111▼
Profit (loss) for the period before taxes9903€14k€16k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€14k€13k▼
Profit (loss) for the period to be appropriated9905€14k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€26k▲
Profit (loss) brought forward from the previous period14P-€14k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
31-12
Financial
Weakest financial yearnet €13k ▼7.3%
Net result drops to €13k, the lowest in the series.
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
31-12
Financial
Liquidity times 25current ratio 115.94
Current ratio from 4.72 to 115.94; short-term debt falls from €45k to €909.
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 69 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 224 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 590 days late
2020
31-12
Financial
Highest result since 2018net €49k ▲144%
Net result €49k, the highest in the series.
31-12
Financial
Equity above €150kEq €172k ▲24.9%
3 profitable years in a row build equity to €172k.
2019
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 213 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Beringen · 1 establishment unit since 2015
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.
Beverlosesteenweg 3603580 BeringenGround area
229 m²
Building footprint
326 m²
Volume, LiDAR
1,537 m³
Parcel 71004A0575/21L002, Flanders · tallest building 17.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AZRACOM
since 20152.238.636.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0575/21L002 | Flanders | 229 m² | 1 · 326 m² | 17.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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MT CONNECT
BE 0753.957.838
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BRANDT
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ARGO Group
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Of 294 companies in sector 42211 we hold annual accounts for 132. 92 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2015
Fiscal year end31-12
Activities, NACEBEL
42211Civil engineering
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.