Summary
AZV is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €204,318 and a net result of €162,464. Equity is growing by ~47.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 1502 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
27 d late
2022
92 d late
2021
192 d late
2020
61 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 83 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 oldest company in Vilvoorde, Finance and insurance sector
Equity
€204,318▲ 388%
2024 · €41,854
Net result
€162,464▲ 741%
2024 · €19,307
Total assets
€321,620▲ 138%
2024 · €135,358
Solvency
63.5%▲ 32.6pp
2024 · 30.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€64,531▲ 212%€24,695▼ 61.7%€24,618▼ 0.3%€73,248▲ 198%€251,375▲ 243%
Net result€44,639within the sector's middle half▲ 260%€17,149within the sector's middle half▼ 61.6%€15,230within the sector's middle half▼ 11.2%€19,307within the sector's middle half▲ 26.8%€162,464within the sector's middle half▲ 741%
Equity-€9,832below the sector's middle half▲ 82.0%€7,317below the sector's middle half€22,547below the sector's middle half▲ 208%€41,854within the sector's middle half▲ 85.6%€204,318within the sector's middle half▲ 388%
Total assets€78,164below the sector's middle half▲ 6.0%€80,475below the sector's middle half▲ 3.0%€113,826below the sector's middle half▲ 41.4%€135,358within the sector's middle half▲ 18.9%€321,620below the sector's middle half▲ 138%
Debt€87,995▼ 31.4%€73,159▼ 16.9%€91,279▲ 24.8%€93,504▲ 2.4%€117,302▲ 25.5%
Working capital-€3,088within the sector's middle half▲ 94.5%€26,661within the sector's middle half€46,091within the sector's middle half▲ 72.9%€65,398within the sector's middle half▲ 41.9%€202,662within the sector's middle half▲ 210%
Solvency-12.6%below the sector's middle half▲ 61.3pp9.1%below the sector's middle half▲ 21.7pp19.8%below the sector's middle half▲ 10.7pp30.9%within the sector's middle half▲ 11.1pp63.5%within the sector's middle half▲ 32.6pp
Current ratio0.96below the sector's middle half▲ 0.401.51within the sector's middle half▲ 0.551.70within the sector's middle half▲ 0.191.96within the sector's middle half▲ 0.262.73within the sector's middle half▲ 0.77
Return on assets (ROA)57.1%above the sector's middle half▲ 40.3pp21.3%above the sector's middle half▼ 35.8pp13.4%within the sector's middle half▼ 7.9pp14.3%within the sector's middle half▲ 0.9pp50.5%above the sector's middle half▲ 36.3pp
Staff (FTE)2.5▼ 3.8%2▼ 20.0%2=1.1▼ 45.0%0.9below the sector's middle half▼ 18.2%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +741% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 243% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €321,620
Fixed assets
€1,656 =
Current assets
€319,963 ▲ 139%
Equity and liabilities €321,620
Equity
€204,318 ▲ 388%
Debt
€117,302 ▲ 25.5%
Debt's share of the balance-sheet total falls from 69.1% to 36.5%. Equity and debt are higher.
Key figures and ratios
ROE
79.5%▲
2024 · 46.1%
Debt ≤ 1 year
€117,302▲
2024 · €68,304
Income taxes
€80,463▲
2024 · €47,711
Staff costs
€52,040▼
2024 · €55,856
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €500 | - | - | - | - |
| Remuneration, social security and pensions62 | €117,035 | €100,647 | €75,242 | €55,856 | €52,040 | ▼ 6.8% |
| Other operating charges640/8 | €1,880 | €1,693 | €716 | €387 | - | - |
| Gross operating margin9900 | €183,447 | €127,034 | €100,577 | €129,491 | €303,416 | ▲ 134% |
| Operating profit (loss)9901 | €64,531 | €24,695 | €24,618 | €73,248 | €251,375 | ▲ 243% |
| Financial income75/76B | €2 | €518 | €10 | €3 | €17 | ▲ 491% |
| Recurring financial income75 | €2 | €518 | €10 | €3 | €17 | ▲ 491% |
| Financial charges65/66B | €1,528 | €987 | €890 | €6,232 | €8,465 | ▲ 35.8% |
| Recurring financial charges65 | €1,528 | €987 | €890 | €2,393 | €2,087 | ▼ 12.8% |
| Non-recurring financial charges66B | - | - | - | €3,840 | €6,378 | ▲ 66.1% |
| Profit (loss) for the period before taxes9903 | €63,006 | €24,226 | €23,738 | €67,019 | €242,927 | ▲ 262% |
| Income taxes67/77 | €18,367 | €7,077 | €8,507 | €47,711 | €80,463 | ▲ 68.6% |
| Profit (loss) for the period9904 | €44,639 | €17,149 | €15,230 | €19,307 | €162,464 | ▲ 741% |
| Profit (loss) for the period to be appropriated9905 | €44,639 | €17,149 | €15,230 | €19,307 | €162,464 | ▲ 741% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,164 | €80,475 | €113,826 | €135,358 | €321,620 | ▲ 138% |
| Fixed assets21/28 | €1,656 | €1,656 | €1,656 | €1,656 | €1,656 | = |
| Financial fixed assets28 | €1,656 | €1,656 | €1,656 | €1,656 | €1,656 | = |
| Current assets29/58 | €76,507 | €78,819 | €112,170 | €133,702 | €319,963 | ▲ 139% |
| Amounts receivable within one year40/41 | €34,523 | €45,214 | €93,335 | €130,550 | €275,326 | ▲ 111% |
| Trade receivables40 | - | €298 | - | - | €775 | - |
| Other amounts receivable41 | €34,523 | €44,916 | €93,335 | €130,550 | €274,551 | ▲ 110% |
| Cash at bank and in hand54/58 | €5,432 | €24,619 | €17,269 | €1,985 | €44,638 | ▲ 2,149% |
| Deferred charges and accrued income490/1 | €36,552 | €8,986 | €1,566 | €1,167 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,164 | €80,475 | €113,826 | €135,358 | €321,620 | ▲ 138% |
| Equity10/15 | -€9,832 | €7,317 | €22,547 | €41,854 | €204,318 | ▲ 388% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Capital10 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Issued capital100 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €189,216 | €189,216 | €204,446 | €18,329 | €173,331 | ▲ 846% |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | €186,117 | €186,117 | €201,347 | €15,230 | €170,233 | ▲ 1,018% |
| Profit (loss) carried forward14 | -€230,034 | -€212,886 | -€212,886 | -€7,461 | - | - |
| Amounts payable17/49 | €87,995 | €73,159 | €91,279 | €93,504 | €117,302 | ▲ 25.5% |
| Amounts payable within one year42/48 | €79,595 | €52,159 | €66,079 | €68,304 | €117,302 | ▲ 71.7% |
| Financial debts43 | €40 | - | - | €3,424 | - | - |
| Credit institutions430/8 | €40 | - | - | €3,424 | - | - |
| Trade debts44 | €10,715 | €8,644 | €6,054 | €9,181 | €574 | ▼ 93.7% |
| Suppliers440/4 | €10,715 | €8,644 | €6,054 | €9,181 | €574 | ▼ 93.7% |
| Taxes, remuneration and social security45 | €32,328 | €36,830 | €43,319 | €38,992 | €95,821 | ▲ 146% |
| Taxes450/3 | €20,860 | €25,044 | €33,550 | €27,007 | €92,961 | ▲ 244% |
| Remuneration and social security454/9 | €11,467 | €11,786 | €9,768 | €11,985 | €2,860 | ▼ 76.1% |
| Other amounts payable47/48 | €36,513 | €6,685 | €16,707 | €16,707 | €20,907 | ▲ 25.1% |
| Accrued charges and deferred income492/3 | €8,400 | €21,000 | €25,200 | €25,200 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,639 | €17,149 | €15,230 | €19,307 | €162,464 | ▲ 741% |
| Operating cash flow (approximation) | €44,639 | €17,149 | €15,230 | €19,307 | €162,464 | ▲ 741% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €19,187 | -€7,350 | -€15,284 | €42,653 | ▲ 379% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €162,464 ▲741%
Operating result €251,375, net result €162,464, both a record.
31-12
Financial
Equity above €200,000Eq €204,318 ▲388%
6 profitable years in a row build equity to €204,318.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 192 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €12,387
Net result €12,387 after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet -€15,091
Net result drops to -€15,091, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 112 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 143 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Vilvoorde · 1 establishment unit
Ground area
339 m²
Building footprint
149 m²
Volume, LiDAR
1,398 m³
Parcel 23642D0354/00K000, Flanders · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
AZV Kredieten, verzekeringen en beleggingen
since 18002.110.314.380
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23642D0354/00K000 | Flanders | 339 m² | 1 · 148 m² | 16.5 m · 3 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.
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,222. 2,821 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-12-1983
Fiscal year end31-12
Abbreviation NL
V.L.B.A. ZEGERS EN CIE
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.