AZZAM
ActiveThe computed 12-month bankruptcy probability of AZZAM is 3.8% (moderate). The 2024 annual accounts show negative equity (€-80k) and a net result of €2k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 6161 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-26
Solvency0=
Growth72=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35; short-term debt: 285.6% and cash: 1.5% of total assets), and equity is negative.
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 · 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
-185.6%
Return on assets
4.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 6161 sector peers (2024).
NBB · sector comparisonPosition among 6161 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 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
43 d late
2023
28 d late
2022
198 d late
2021
172 d late
2020
18 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€79k▲ 6.3%
2022 · €74k
2021: €30k
2022: €74k
2021 → 2023
EBIT margin
13.2%▲ 43.8pp
2022 · -30.6%
2021: -137.6%
2022: -30.6%
2021 → 2023
Net result
€2k▼ 82.1%
2023 · €10k
2020: €-30k
2021: €-41k
2022: €-23k
2023: €10k
2020 → 2024
Working capital
€-80k▲ 2.2%
2023 · €-82k
2020: €-29k
2021: €-70k
2022: €-92k
2023: €-82k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€30k€74k▲ 149%€79k▲ 6.3%
Equity€-29k-€-70k▼ 144%€-92k▼ 32.6%€-82k▲ 11.1%€-80k▲ 2.2%
Operating result€-30k-€-41k▼ 38.4%€-23k▲ 44.6%€10k€2k▼ 81.5%
Net result€-30k-€-41k▼ 38.8%€-23k▲ 44.6%€10k€2k▼ 82.1%
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 81% below 2023.
Key figures and ratios
EBITDA
€2k
Cash flow
€2k
Solvency
-185.6%
Current ratio
0.35
Quick ratio
0.35
Debt / equity
-1.54
ROA
4.3%
Interest coverage
23.28
Debt
€123k▲
2023 · €83k
Debt ≤ 1 year
€123k▲
2023 · €83k
Debt > 1 year
€0
Income taxes
€0
Staff costs
€23k▼
2023 · €35k
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€654€43k▲
Formation expenses20-€0
Fixed assets21/28-€0
Intangible fixed assets21-€0
Tangible fixed assets22/27-€0
Land and buildings22-€0
Plant, machinery and equipment23-€0
Furniture and vehicles24-€0
Leasing and similar rights25-€0
Other tangible fixed assets26-€0
Assets under construction and advance payments27-€0
Financial fixed assets28-€0
Current assets29/58€654€43k▲
Amounts receivable after more than one year29-€0
Trade receivables290-€0
Other amounts receivable291-€0
Stocks and contracts in progress3-€0
Stocks30/36-€0
Contracts in progress37-€0
Amounts receivable within one year40/41-€43k
Trade receivables40-€42k
Other amounts receivable41-€729
Current investments50/53-€0
Cash at bank and in hand54/58€654€648▼
Deferred charges and accrued income490/1-€0
Equity and liabilities
Total equity and liabilities10/49€654€43k▲
Equity10/15€-82k€-80k▲
Contributions10/11€1k€1k=
Revaluation surpluses12-€0
Reserves13-€0
Non-distributable reserves130/1-€0
Reserves not available under the articles1311-€0
Own shares acquired1312-€0
Financial assistance1313-€0
Other1319-€0
Tax-exempt reserves132-€0
Distributable reserves133-€0
Profit (loss) carried forward14€-83k€-81k▲
Investment grants15-€0
Advance to shareholders on the distribution of net assets19-€0
Provisions and deferred taxes16-€0
Provisions for liabilities and charges160/5-€0
Pensions and similar obligations160-€0
Taxes161-€0
Major repairs and maintenance162-€0
Environmental obligations163-€0
Other liabilities and charges164/5-€0
Deferred taxes168-€0
Amounts payable17/49€83k€123k▲
Amounts payable after more than one year17-€0
Financial debts170/4-€0
Trade debts175-€0
Advances received on contracts in progress176-€0
Other amounts payable178/9-€0
Amounts payable within one year42/48€83k€123k▲
Current portion of amounts payable after more than one year42-€0
Financial debts43-€0
Credit institutions430/8-€0
Other loans439-€0
Trade debts44€1k€0▼
Suppliers440/4€1k€0▼
Bills of exchange payable441-€0
Advances received on contracts in progress46-€0
Taxes, remuneration and social security45€10k€29k▲
Taxes450/3€4k€10k▲
Remuneration and social security454/9€7k€19k▲
Other amounts payable47/48€72k€94k▲
Accrued charges and deferred income492/3-€0
Income statement
Code20232024
Turnover70€79k-
Goods, raw materials, services and sundry goods60/61€32k€36k▲
Remuneration, social security and pensions62€35k€23k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0
Other operating charges640/8€435€5k▲
Operating charges capitalised as restructuring costs649-€0
Gross operating margin9900€46k€30k▼
Operating profit (loss)9901€10k€2k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€105€83▼
Recurring financial charges65€105€83▼
Profit (loss) for the period before taxes9903€10k€2k▼
Transfer from deferred taxes780-€0
Transfer to deferred taxes680-€0
Income taxes67/77-€0
Profit (loss) for the period9904€10k€2k▼
Transfer from tax-exempt reserves789-€0
Transfer to tax-exempt reserves689-€0
Profit (loss) for the period to be appropriated9905€10k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-81k▲
Profit (loss) brought forward from the previous period14P€-93k€-83k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 198 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
19-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 172 days late
2021
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2020
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.
Antoine Dansaertstraat 1531000 BrusselGround area
232 m²
Building footprint
225 m²
Volume, LiDAR
5,353 m³
Parcel 21811M0118/00N000, Brussels · tallest building 25.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
AZZAM
since 20202.300.040.541
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0118/00N000 | Brussels | 232 m² | 1 · 225 m² | 25.4 m · 8 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 and region
AABM
BE 0673.766.651
Brussel
AGK CONCEPT
BE 0659.824.880
Brussel
ANSPACH COIFFURE BELGE
BE 0426.236.410
Brussel
ART & COIFFURE
BE 0475.746.396
Brussel
Bayer Family
BE 0560.777.190
Brussel
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 21,748 companies in sector 96210 we hold annual accounts for 2,831.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-2020
Fiscal year end31-12
Activities, NACEBEL
47750Retail sale of cosmetics and toilet articles
96021Hairdressing
96210Hairdressing and barber services
47784Retail sale of souvenirs and religious articles
47786Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.