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AZUL TECH

Active
Private limited companyfounded 2024active for 2 yearsSint-Kristoffelsstraat 47, 1000 Brussel, BelgiumKBO/BCE: BE 1010.569.457
Summary

AZUL TECH has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,554 and a net result of €55,054. Its solvency ranks better than 71% of 3,384 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, abbreviated format

Turnover
≈ €170,000
Estimated: probably between €140,000 and €210,000
Total assets
€82,102
Net result
€55,054
Working capital
€56,796

Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €82,102
Fixed assets €1,180
Current assets €80,922
Equity and liabilities €82,102
Equity €57,554
Debt €24,549
Debt finances 29.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€69,935
Cash flow
€55,161
Current ratio
3.35
Debt to equity
0.43
ROE
95.7%
ROA
67.1%
Interest coverage
over 100
Debt ≤ 1 year
€24,126
Income taxes
€14,680
Staff costs
€1,908

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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 · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€82,102
Fixed assets21/28€1,180
Tangible fixed assets22/27€1,180
Furniture and vehicles24€1,180
Current assets29/58€80,922
Amounts receivable within one year40/41€9,983
Trade receivables40€9,983
Cash at bank and in hand54/58€70,940
Equity and liabilities
Total equity and liabilities10/49€82,102
Equity10/15€57,554
Contributions10/11€2,500
Contributions outside capital11€2,500
Other1109/19€2,500
Profit (loss) carried forward14€55,054
Amounts payable17/49€24,549
Amounts payable within one year42/48€24,126
Trade debts44€3,620
Suppliers440/4€3,620
Taxes, remuneration and social security45€17,347
Taxes450/3€17,347
Other amounts payable47/48€3,158
Accrued charges and deferred income492/3€423
Income statement Code2025
Remuneration, social security and pensions62€1,908
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107
Other operating charges640/8€50
Gross operating margin9900€71,894
Operating profit (loss)9901€69,828
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€94
Recurring financial charges65€94
Profit (loss) for the period before taxes9903€69,734
Income taxes67/77€14,680
Profit (loss) for the period9904€55,054
Profit (loss) for the period to be appropriated9905€55,054
Appropriation of the result
Profit (loss) to be appropriated9906€55,054

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€1,908
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107
Other operating charges640/8€50
Gross operating margin9900€71,894
Operating profit (loss)9901€69,828
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€94
Recurring financial charges65€94
Profit (loss) for the period before taxes9903€69,734
Income taxes67/77€14,680
Profit (loss) for the period9904€55,054
Profit (loss) for the period to be appropriated9905€55,054
Line2025
Assets
Total assets20/58€82,102
Fixed assets21/28€1,180
Tangible fixed assets22/27€1,180
Furniture and vehicles24€1,180
Current assets29/58€80,922
Amounts receivable within one year40/41€9,983
Trade receivables40€9,983
Cash at bank and in hand54/58€70,940
Equity and liabilities
Total equity and liabilities10/49€82,102
Equity10/15€57,554
Contributions10/11€2,500
Contributions outside capital11€2,500
Other1109/19€2,500
Profit (loss) carried forward14€55,054
Amounts payable17/49€24,549
Amounts payable within one year42/48€24,126
Trade debts44€3,620
Suppliers440/4€3,620
Taxes, remuneration and social security45€17,347
Taxes450/3€17,347
Other amounts payable47/48€3,158
Accrued charges and deferred income492/3€423
Line2025
Profit (loss) for the period9904€55,054
+ Depreciation and write-downs630€107
Operating cash flow (approximation)€55,161

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

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Filings with the National Bank (1)
Financial year Type Filed Reference
30-06-2025 abbreviated format 31-01-2026 2026-00032881

Similar companies · same sector, comparable size

Of the 16,999 active companies whose main activity is computer programming (NACE 62100), figures are known for 9,002. 7,017 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.