AZZAN
Open bankruptcyA bankruptcy procedure is open for AZZAN according to publications in the Belgian State Gazette; curator: JASPER BAERT.
Summary
The file additionally contains 1 interim measure. The 2024 annual accounts show negative equity (€-4k) and a net result of €-19k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-4k
2023 · €15k
2023: €15k
2023 → 2024
Total assets
€13k▼ 51.6%
2023 · €28k
2023: €28k
2023 → 2024
Net result
€-19k
2023 · €14k
2023: €14k
2023 → 2024
Working capital
€-11k
2023 · €3k
2023: €3k
2023 → 2024
Multi-year overview
Available amounts per fiscal year
Line20232024Trend
Equity€15k-€-4k
Operating result€19k-€-19k
Net result€14k-€-19k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €19k after €19k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13k
Fixed assets
€6k ▼ 42.9%
Current assets
€6k ▼ 59.6%
Key figures and ratios
EBITDA
€-14k▼
2023 · €22k
Cash flow
€-14k▼
2023 · €17k
Solvency
-29.3%▼
2023 · 53.4%
Current ratio
0.37▼
2023 · 1.24
Debt to equity
-4.41▼
2023 · 0.87
ROA
-139.5%▼
2023 · 49.0%
Interest coverage
-192.94▼
2023 · 103.26
Debt
€17k▲
2023 · €13k
Debt ≤ 1 year
€17k▲
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€28k€13k▼
Formation expenses20€627€627=
Fixed assets21/28€11k€6k▼
Tangible fixed assets22/27€11k€6k▼
Furniture and vehicles24€11k€6k▼
Current assets29/58€16k€6k▼
Amounts receivable within one year40/41€16k€6k▼
Trade receivables40€3k€1k▼
Other amounts receivable41€13k€5k▼
Cash at bank and in hand54/58€2€1▼
Equity and liabilities
Total equity and liabilities10/49€28k€13k▼
Equity10/15€15k€-4k▼
Contributions10/11€1k€1k=
Capital10€1k€1k=
Issued capital100€1k€1k=
Profit (loss) carried forward14€14k€-5k▼
Amounts payable17/49€13k€17k▲
Amounts payable within one year42/48€13k€17k▲
Current portion of amounts payable after more than one year42€3k€5k▲
Trade debts44€26€309▲
Suppliers440/4€26€309▲
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€10k€12k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€23k€-13k▼
Operating profit (loss)9901€19k€-19k▼
Financial income75/76B€338-
Recurring financial income75€338-
Financial charges65/66B€211€72▼
Recurring financial charges65€211€72▼
Profit (loss) for the period before taxes9903€19k€-19k▼
Income taxes67/77€5k-
Profit (loss) for the period9904€14k€-19k▼
Profit (loss) for the period to be appropriated9905€14k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€-5k▼
Profit (loss) brought forward from the previous period14P-€14k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · AZZAN BV PARKLAAN 48/A4, 9300 AALST
30-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · AZZAN BV PARKLAAN 48/A4, 9300 AALST · event 24-03-2026
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
15-12
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
SignalNBB filing
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, Aalst · 1 establishment unit since 2022
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.
Parklaan 489300 AalstGround area
1,151 m²
Building footprint
180 m²
Volume, LiDAR
1,774 m³
Parcel 41002B0474/00R002, Flanders · tallest building 18.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AZZAN
since 20222.335.076.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0474/00R002 | Flanders | 1,151 m² | 1 · 180 m² | 18.2 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JASPER BAERT DRUKKERIJSTRAAT 11, 9240 ZELE- |
08-04-2026 → present |
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Of 4,529 companies in sector 74301 we hold annual accounts for 719. 514 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.