AZUL 1
ActiveThe computed 12-month bankruptcy probability of AZUL 1 is 2.7% (moderate). The 2024 annual accounts show equity of €43k and a net result of €15k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 15866 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
88
/ 100
Excellent▼ -12 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency78▼-22
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 2.09 in 2023), and 38.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
61.1%
Return on assets
21.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
51 d late
2022
59 d late
2021
4 d late
2020
73 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€15k
EBIT margin
116.0%
Net result
€15k▼ 27.0%
2023 · €20k
2020: €17k
2021: €895
2022: €-13k
2023: €20k
2020 → 2024
Working capital
€2k▼ 84.5%
2023 · €14k
2020: €19k
2021: €20k
2023: €14k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€15k-
Equity€19k-€20k▲ 4.7%€7k▼ 62.9%€28k▲ 275%€43k▲ 53.6%
Operating result€17k-€1k▼ 92.5%€-11k€25k€19k▼ 22.8%
Net result€17k-€895▼ 94.8%€-13k€20k€15k▼ 27.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 23% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70k
Fixed assets
€41k▲ 190%
Current assets
€29k▲ 10.7%
Equity and liabilities €70k
Equity
€43k▲ 53.6%
Debt
€27k▲ 114%
The debt ratio rises from 31.3% to 38.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€26k▼
2023 · €28k
Cash flow
€22k▼
2023 · €24k
Solvency
61.1%▼
2023 · 68.7%
Current ratio
1.08▼
2023 · 2.09
Quick ratio
1.08▼
2023 · 2.09
Debt / equity
0.64▲
2023 · 0.46
ROE
34.9%▼
2023 · 73.4%
ROA
21.3%▼
2023 · 50.4%
Interest coverage
249.36▲
2023 · 64.96
Debt
€27k▲
2023 · €13k
Debt ≤ 1 year
€27k▲
2023 · €13k
Income taxes
€4k▲
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€41k€70k▲
Fixed assets21/28€14k€41k▲
Tangible fixed assets22/27€14k€41k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€12k€38k▲
Current assets29/58€27k€29k▲
Amounts receivable within one year40/41€18k€7k▼
Trade receivables40€14k-
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€9k€22k▲
Equity and liabilities
Total equity and liabilities10/49€41k€70k▲
Equity10/15€28k€43k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€26k€41k▲
Amounts payable17/49€13k€27k▲
Amounts payable within one year42/48€13k€27k▲
Trade debts44-€15k
Suppliers440/4-€15k
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€6k€8k▲
Other amounts payable47/48€6k€5k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Other operating charges640/8€878€495▼
Non-recurring operating charges66A-€4k
Gross operating margin9900€29k€30k▲
Operating profit (loss)9901€25k€19k▼
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€435€103▼
Recurring financial charges65€435€103▼
Profit (loss) for the period before taxes9903€24k€19k▼
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€20k€15k▼
Profit (loss) for the period to be appropriated9905€20k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€41k▲
Profit (loss) brought forward from the previous period14P€5k€26k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-08
State Gazette act
Capital & shares · Resignations & appointmentsGeneral meeting · Director appointment · Director resignation10 facts ▸
State Gazette act
Capital & shares · Resignations & appointments
General meeting · Director appointment · Director resignation10 facts ▸
- General meeting, 2026-08-14
- Director appointment, Achbany Hamza (administrateur)
- Director resignation, Omar Labed (administrateur)
- Director resignation, Lontouo Kamta Alain Bertrand (administrateur)
- Director resignation, Mohamed Addarrazi (administrateur)
- Shareholding, 90
- Shareholding, 5
- Shareholding, 5
- Shareholding, 0
- Shareholding, 0
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet €-13k ▼1509%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
21 directors, no change since 2026
Achbany Hamza
CurrentDirector · since 14-08-2026
24-08-2026
Addarrazi Mohamed: Resigned as Director
14-08-2026
Achbany Hamza: Appointed as Director
30-06-2026
Lontouo Kamta Alain Bertrand: Resigned as Director
10-05-2026
Labed Omar: Resigned as Director
10-03-2026
Addarrazi Mohamed: Resigned as Director
10-03-2026
Katumbay Muloway Berry: Resigned as Director
08-02-2026
Laktibi Redouane: Resigned as Director
27-09-2025
Taieb Taha: Resigned as Director
24-06-2025
El oualkadi Haouriqui Abderrazak: Resigned as Director
12-05-2025
Belhadi Soufiane: Resigned as Director
02-03-2025
Saber Ayoub: Resigned as Director
17-01-2025
Annab Sidi Mohamed: Resigned as Director
30-11-2024
Baraka Esengo Glody: Resigned as Director
25-11-2024
Chahboun Hicham: Resigned as Director
01-07-2024
Hassani hafid: Resigned as Director
01-07-2024
Tumo Robert Mihai: Resigned as Director
05-06-2024
Shahid hussain: Resigned as Director
27-08-2023
ZIZI Mohamed Amine: Resigned as Director
06-06-2023
El Salme Younes: Resigned as Director
13-10-2022
CHELLAL Moulay Ali: Resigned as Director
13-10-2022
EL Hamdi Malika: Resigned as Director
31-03-2020
Chellal Moulay: Resigned as Managing director
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2019
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.
Korenbeekstraat 611080 Sint-Jans-MolenbeekGround area
277 m²
Building footprint
278 m²
Volume, LiDAR
1,883 m³
Parcel 21526D0044/00V002, Brussels · tallest building 15.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AZUL 1
since 20192.291.895.313
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0044/00V002 | Brussels | 277 m² | 1 · 277 m² | 14.9 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.
Similar companies · same sector, comparable size
EURO - CARS
BE 0838.408.315
Sint-Pieters-Leeuw · Eq €43k
PJM MOTORS
BE 0741.574.403
Oudenburg · Eq €43k
LZ BENELUX
BE 0792.955.994
Sint-Gillis (bij-Brussel) · Eq €43k
AUTO K
BE 0553.959.476
Mechelen · Eq €43k
LAPSAG
BE 0688.793.436
Sint-Pieters-Leeuw · Eq €43k
Of 2,121 companies in sector 46711 we hold annual accounts for 1,122. 714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-2019
Fiscal year end31-12
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45192
47812Retail trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
45204
95319Other maintenance and repair of motor vehicles
46180Agents specialised in the wholesale of other particular products
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.