Result
-€70,188 -€70,188
From profit to loss in 2025, after a profit of €28,400 in 2024.
AZZATO
Lifetime
19 annual accounts with figures on one time axis, 22 filings since 2004peak €452,244 (2018)
-€8,463▼ €350,736
lowest -€70,188 (2025)
-€70,188▼ €98,588
peak €594,522 (2022)
€495,386▼ 12.4%
€328,019▼ 16.3%
peak 6.8 FTE (2022)
0 FTE▼ 100%
Board2 names since 2022
2 directorsCORMONT Philippe and 1 other
Documentsfilings and deeds
13-08-202613 days late
2025financial year
Gross margin from €342,273 to -€8,463Loss of €70,188Staff from 2.5 FTE to 0 FTEEquity from €565,575 to €495,386Debts from €392,002 to €328,019Cash from €13,569 to €231,068
Key points
from the 2025 annual accountsFilings
22 annual accounts since 2004
Ten of the last ten came late. The 2023 accounts came latest: 35 days after the end of the period.
Position in the sector
-€70,188
Lower net result than 86% of companies in retail trade. Sector median €39,909 · 5,068 companies.
Checked score
86
Excellent
Financially stronger than 50% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.8%
01-2025: 4.5%▲ +1.7 percentage points vs 12-2024
02-2025: 4.6%▲ +0.1 percentage points vs 01-2025
03-2025: 5.4%▲ +0.8 percentage points vs 02-2025
04-2025: 7.3%▲ +1.9 percentage points vs 03-2025
05-2025: 7.3%● unchanged vs 04-2025
06-2025: 7.3%● unchanged vs 05-2025highest value
07-2025: 6.8%▼ -0.5 percentage points vs 06-2025
08-2025: 6.8%● unchanged vs 07-2025
09-2025: 0.8%▼ -6.0 percentage points vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.3%▼ -0.5 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026
09-2026: 0.3%▼ -0.2 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Loss of €70,188 (financial year 2025)
Last filed accounts filed 13 days late; 1 of the last 3 accounts late
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 2.41, cash €231,068
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 73% of them on solvency, 87% on liquidity, 16% on profitability and 24% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as AZZATO has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AZZATO itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for AZZATO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.41 (3.0 in 2024), above the usual 1.5. Short-term debt is 11.7% and cash 28.1% of total assets. 39.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
13 days late
2024
18 days late
2023
35 days late
2022
14 days late
2021
25 days late
2020
30 days late
2019
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0479274030
Registered office moved from Brussels to Chaumont-Gistoux
New registered office: Avenue des Bouvreuils, Bonlez 1, 1325 Chaumont-Gistoux · Previous registered office: Rue de la Violette 42, 1000 Bruxelles · Reappointments: CORMONT Philippe (director) and DUBON Sabine (director) · General meeting of 21-12-2023 · Gazette deed
Appointments: Philippe Cormont (managing director) and Sabine Dubon (director)
General meeting of 06-01-2022 · Gazette deed
First establishment
Avenue des Bouvreuils, Bonlez 1, Chaumont-Gistoux
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AZZATO Chaumont-Gistoux | €0.8m | -€8,463 | 60.2% | 0 |
| ART GALLERY 66 Schilde | €0.7m | -€16,701 | 16.2% | - |
| NEXT PROJECTS Uccle | €0.7m | -€139,815 | 86.4% | - |
| ANDRA Antwerp | €0.9m | -€36,043 | -2.1% | - |
| AXEL PAIRON Kalmthout | €0.7m | -€2,418 | 54.9% | - |
| TWIG Ixelles | €1.2m | -€23,117 | 65.3% | - |
| D.S.Y. Anderlecht | €0.3m | -€61,778 | -131.2% | 0 |
These companies have the same main activity as AZZATO: retail sale of other cultural and recreation goods (NACE 47690). They are comparable in size and age: total assets between €336,000 and €1.2m, founded between 1996 and 2016.
Official details
Source: KBO- Status
- Active since 14-01-2003Normal situation
- Activity
- Retail sale of other cultural and recreation goodsNACE 47690and 3 others
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 31-03-2022
- Establishment unit
- 2.233.057.0911325 Chaumont-Gistoux, since 01-07-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Insights on AZZATO
The gross margin has fallen every year since 2022.
In March 2022, the Official Gazette published the appointment of CORMONT Philippe as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AZZATO
- What is the company number of AZZATO?
- The company number of AZZATO is 0479.274.030. The VAT number is the same number with BE in front: BE 0479.274.030.
- Where is AZZATO based?
- The registered office is at Avenue des Bouvreuils, Bonlez 1, 1325 Chaumont-Gistoux.Company details
- What does AZZATO do?
- According to the KBO register, the main activity is retail sale of other cultural and recreation goods (NACE 47690).
- What is the legal form of AZZATO?
- AZZATO is a public limited company (NV).
- When was AZZATO founded?
- AZZATO was founded on 14-01-2003.
- Is AZZATO still active?
- Yes, AZZATO is an active enterprise in the KBO register.
- How many employees does AZZATO have?
- AZZATO had an average of 2.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does AZZATO fall under?
- In its 31-03-2022 annual accounts, AZZATO states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of AZZATO?
- The annual accounts for financial year 2025 state no turnover.
- Is AZZATO profitable?
- In financial year 2025, AZZATO made a loss of €70,188.
- Where can I find the annual accounts of AZZATO?
- AZZATO filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AZZATO due?
- AZZATO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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