Skip to content

AZS

Active
Private limited companyfounded 20232 yrs activeKoning Leopold I-straat(Kor) 1, 8500 Kortrijk, BelgiumKBO/BCE: BE 1000.678.427
Summary

The computed 12-month bankruptcy probability of AZS is 5.3% (elevated). The 2024 annual accounts show equity of €37,047 and a net result of €34,547. Its solvency ranks better than 38% of 728 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability94
Solvency47
Growth-
Track record67
Bankruptcy probability, 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.18; short-term debt: 34% of total assets), and 78.2% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
21.8%
Return on assets
20.3%
Age of the figures
21 mo
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 · 1 filing
Deviation from the deadline
2024
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 31 days before the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.

Checked, nothing found (1)
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

AZS was incorporated on 3 October 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
€37,047
Total assets
€170,144
Net result
€34,547
Working capital
€10,177

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €170,144
Fixed assets €102,196
Current assets €67,948
Equity and liabilities €170,144
Equity €37,047
Debt €133,096
Debt finances 78.2% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€55,633
Cash flow
€46,071
Current ratio
1.18
Debt to equity
3.59
ROE
93.3%
ROA
20.3%
Interest coverage
12.24
Debt ≤ 1 year
€57,771
Debt > 1 year
€75,325
Income taxes
€7,280
Staff costs
€24,509

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.3% 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 497,058 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 7,976 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 · 2024 · 45 lines
Balance sheet Code2024
Assets
Total assets20/58€170,144
Fixed assets21/28€102,196
Tangible fixed assets22/27€101,661
Plant, machinery and equipment23€474
Furniture and vehicles24€1,506
Leasing and similar rights25€99,680
Financial fixed assets28€535
Current assets29/58€67,948
Amounts receivable within one year40/41€67,881
Trade receivables40€36,579
Other amounts receivable41€31,302
Deferred charges and accrued income490/1€67
Equity and liabilities
Total equity and liabilities10/49€170,144
Equity10/15€37,047
Contributions10/11€2,500
Reserves13€34,547
Distributable reserves133€34,547
Amounts payable17/49€133,096
Amounts payable after more than one year17€75,325
Financial debts170/4€75,325
Amounts payable within one year42/48€57,771
Current portion of amounts payable after more than one year42€20,693
Financial debts43€498
Credit institutions430/8€498
Trade debts44€4,422
Suppliers440/4€4,422
Taxes, remuneration and social security45€32,157
Taxes450/3€23,068
Remuneration and social security454/9€9,089
Income statement Code2024
Remuneration, social security and pensions62€24,509
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,523
Other operating charges640/8€512
Gross operating margin9900€80,654
Operating profit (loss)9901€44,110
Financial income75/76B€2,264
Recurring financial income75€2,264
Financial charges65/66B€4,547
Recurring financial charges65€4,547
Profit (loss) for the period before taxes9903€41,827
Income taxes67/77€7,280
Profit (loss) for the period9904€34,547
Profit (loss) for the period to be appropriated9905€34,547
Appropriation of the result
Profit (loss) to be appropriated9906€34,547
Transfer to equity691/2€34,547
To other reserves6921€34,547

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€24,509
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,523
Other operating charges640/8€512
Gross operating margin9900€80,654
Operating profit (loss)9901€44,110
Financial income75/76B€2,264
Recurring financial income75€2,264
Financial charges65/66B€4,547
Recurring financial charges65€4,547
Profit (loss) for the period before taxes9903€41,827
Income taxes67/77€7,280
Profit (loss) for the period9904€34,547
Profit (loss) for the period to be appropriated9905€34,547
Line2024
Assets
Total assets20/58€170,144
Fixed assets21/28€102,196
Tangible fixed assets22/27€101,661
Plant, machinery and equipment23€474
Furniture and vehicles24€1,506
Leasing and similar rights25€99,680
Financial fixed assets28€535
Current assets29/58€67,948
Amounts receivable within one year40/41€67,881
Trade receivables40€36,579
Other amounts receivable41€31,302
Deferred charges and accrued income490/1€67
Equity and liabilities
Total equity and liabilities10/49€170,144
Equity10/15€37,047
Contributions10/11€2,500
Reserves13€34,547
Distributable reserves133€34,547
Amounts payable17/49€133,096
Amounts payable after more than one year17€75,325
Financial debts170/4€75,325
Amounts payable within one year42/48€57,771
Current portion of amounts payable after more than one year42€20,693
Financial debts43€498
Credit institutions430/8€498
Trade debts44€4,422
Suppliers440/4€4,422
Taxes, remuneration and social security45€32,157
Taxes450/3€23,068
Remuneration and social security454/9€9,089
Line2024
Profit (loss) for the period9904€34,547
+ Depreciation and write-downs630€11,523
Operating cash flow (approximation)€46,071

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

Download as CSV

Timeline · acts, filings and financial milestones

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
123 m²
Building footprint
123 m²
Volume, LiDAR
2,181 m³
Parcel 34022E0356/00D005, Flanders · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
AZS
Koning Leopold I-straat(Kor) 1, 8500 KortrijkService activities incidental to land transportation
since 20232.350.293.370
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34022E0356/00D005 Flanders 123 m² 1 · 123 m² 20.6 m · 6 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.

Recognitions · licences · registrations

Legal Entity Identifier

64880082PCFCW3I9M854
live in the LEI register

Parcel delivery

Notified to the BIPT
since 24-06-2024

Similar companies · same sector, comparable size

Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 1,113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded03-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
52250Logistics services
77110Renting and leasing of cars and light motor vehicles
Contact
E-mail etosamoe192@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:1000678427
Also 9925:BE1000678427
Registered 27-02-2026

Register as of 27 September 2026 · Peppol Directory

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