BAZRA
ActiveSummary
BAZRA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €260,125 and a net result of €29,790. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 60% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability34▼-23
Solvency77▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.48 against 3.48 in 2023; short-term debt: 40% and cash: 16% of total assets), and 48.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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
not confirmed
2024
68 d late
2023
68 d late
2022
67 d late
2021
86 d late
2020
89 d late
2019
252 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 105 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€260,125▲ 12.9%
2023 · €230,335
Total assets
€501,058▲ 23.6%
2023 · €405,457
Net result
€29,790▲ 36.0%
2023 · €21,905
Working capital
€295,313▲ 4.3%
2023 · €283,085
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€35,017▼ 8.2%€32,488▼ 7.2%€35,879▲ 10.4%€33,052▼ 7.9%€20,130▼ 39.1%
Net result€14,372within the sector's middle half▲ 4.1%€17,443within the sector's middle half▲ 21.4%€19,454within the sector's middle half▲ 11.5%€21,905within the sector's middle half▲ 12.6%€29,790above the sector's middle half▲ 36.0%
Equity€133,933within the sector's middle half▲ 12.0%€151,376within the sector's middle half▲ 13.0%€170,830above the sector's middle half▲ 12.9%€230,335above the sector's middle half▲ 34.8%€260,125above the sector's middle half▲ 12.9%
Total assets€173,124within the sector's middle half▼ 15.1%€304,861within the sector's middle half▲ 76.1%€442,967above the sector's middle half▲ 45.3%€405,457above the sector's middle half▼ 8.5%€501,058above the sector's middle half▲ 23.6%
Debt€39,192▼ 53.6%€153,485▲ 292%€272,137▲ 77.3%€175,123▼ 35.6%€240,933▲ 37.6%
Working capital€131,557above the sector's middle half▼ 20.0%€148,454above the sector's middle half▲ 12.8%€274,018above the sector's middle half▲ 84.6%€283,085above the sector's middle half▲ 3.3%€295,313above the sector's middle half▲ 4.3%
Solvency77.4%above the sector's middle half▲ 18.7pp49.7%within the sector's middle half▼ 27.7pp38.6%within the sector's middle half▼ 11.1pp56.8%within the sector's middle half▲ 18.2pp51.9%within the sector's middle half▼ 4.9pp
Current ratio4.36above the sector's middle half▼ 1.261.97within the sector's middle half▼ 2.392.65within the sector's middle half▲ 0.693.48above the sector's middle half▲ 0.822.48within the sector's middle half▼ 1.00
Return on assets (ROA)8.3%within the sector's middle half▲ 1.5pp5.7%within the sector's middle half▼ 2.6pp4.4%within the sector's middle half▼ 1.3pp5.4%within the sector's middle half▲ 1.0pp5.9%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 39% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €501,058
Fixed assets
€5,549 ▼ 30.8%
Current assets
€495,509 ▲ 24.7%
Equity and liabilities €501,058
Equity
€260,125 ▲ 12.9%
Debt
€240,933 ▲ 37.6%
Debt's share of the balance-sheet total rises from 43.2% to 48.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23,316▼
2023 · €35,580
Cash flow
€32,977▲
2023 · €24,432
Debt to equity
0.93▲
2023 · 0.76
ROE
11.5%▲
2023 · 9.5%
Interest coverage
0.97▼
2023 · 3.73
Debt ≤ 1 year
€200,196▲
2023 · €114,351
Debt > 1 year
€40,737▼
2023 · €60,771
Income taxes
€13,585▲
2023 · €9,068
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 17,811 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,598 | €2,197 | €1,993 | €2,527 | €3,187 | ▲ 26.1% |
| Other operating charges640/8 | - | €360 | €348 | €394 | €387 | ▼ 1.8% |
| Gross operating margin9900 | €36,615 | €35,045 | €38,219 | €35,974 | €23,704 | ▼ 34.1% |
| Operating profit (loss)9901 | €35,017 | €32,488 | €35,879 | €33,052 | €20,130 | ▼ 39.1% |
| Financial income75/76B | - | €794 | - | €7,456 | €47,264 | ▲ 534% |
| Recurring financial income75 | €2,501 | €794 | - | €7,456 | €47,264 | ▲ 534% |
| Financial charges65/66B | - | €7,397 | €8,764 | €9,536 | €24,018 | ▲ 152% |
| Recurring financial charges65 | €6,392 | €7,397 | €8,764 | €9,536 | €24,018 | ▲ 152% |
| Profit (loss) for the period before taxes9903 | €31,126 | €25,885 | €27,115 | €30,973 | €43,375 | ▲ 40.0% |
| Income taxes67/77 | €16,753 | €8,442 | €7,661 | €9,068 | €13,585 | ▲ 49.8% |
| Profit (loss) for the period9904 | €14,372 | €17,443 | €19,454 | €21,905 | €29,790 | ▲ 36.0% |
| Profit (loss) for the period to be appropriated9905 | €14,372 | €17,443 | €19,454 | €21,905 | €29,790 | ▲ 36.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €173,124 | €304,861 | €442,967 | €405,457 | €501,058 | ▲ 23.6% |
| Fixed assets21/28 | €2,376 | €2,922 | €3,118 | €8,021 | €5,549 | ▼ 30.8% |
| Intangible fixed assets21 | - | - | - | €2,017 | €1,597 | ▼ 20.8% |
| Tangible fixed assets22/27 | €2,376 | €2,922 | €3,118 | €6,004 | €3,952 | ▼ 34.2% |
| Plant, machinery and equipment23 | - | - | - | €2,410 | €1,876 | ▼ 22.2% |
| Furniture and vehicles24 | - | €2,922 | €3,118 | €3,594 | €2,075 | ▼ 42.3% |
| Current assets29/58 | €170,748 | €301,939 | €439,849 | €397,436 | €495,509 | ▲ 24.7% |
| Amounts receivable within one year40/41 | €100,276 | €231,726 | €281,855 | €365,156 | €360,938 | ▼ 1.2% |
| Trade receivables40 | - | €225,292 | €277,673 | €354,748 | €342,401 | ▼ 3.5% |
| Other amounts receivable41 | - | €6,434 | €4,182 | €10,408 | €18,537 | ▲ 78.1% |
| Cash at bank and in hand54/58 | €70,472 | €70,212 | €157,994 | €32,036 | €80,318 | ▲ 151% |
| Deferred charges and accrued income490/1 | - | - | - | €244 | €54,253 | ▲ 22,141% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €173,124 | €304,861 | €442,967 | €405,457 | €501,058 | ▲ 23.6% |
| Equity10/15 | €133,933 | €151,376 | €170,830 | €230,335 | €260,125 | ▲ 12.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €50,000 | €50,000 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €119,673 | €137,116 | €156,570 | €178,475 | €208,265 | ▲ 16.7% |
| Amounts payable17/49 | €39,192 | €153,485 | €272,137 | €175,123 | €240,933 | ▲ 37.6% |
| Amounts payable after more than one year17 | - | - | €106,307 | €60,771 | €40,737 | ▼ 33.0% |
| Financial debts170/4 | - | - | €80,013 | €60,771 | €40,737 | ▼ 33.0% |
| Other amounts payable178/9 | - | - | €26,294 | - | - | - |
| Amounts payable within one year42/48 | €39,192 | €153,485 | €165,830 | €114,351 | €200,196 | ▲ 75.1% |
| Current portion of amounts payable after more than one year42 | - | - | €18,480 | €19,242 | €20,035 | ▲ 4.1% |
| Trade debts44 | €20,000 | - | €129,405 | €75,426 | €148,123 | ▲ 96.4% |
| Suppliers440/4 | - | - | €129,405 | €75,426 | €148,123 | ▲ 96.4% |
| Advances received on contracts in progress46 | - | €119,605 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €24,852 | €17,945 | €19,683 | €32,039 | ▲ 62.8% |
| Taxes450/3 | - | €24,852 | €17,945 | €19,683 | €30,472 | ▲ 54.8% |
| Remuneration and social security454/9 | - | - | - | - | €1,567 | - |
| Other amounts payable47/48 | - | €9,028 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,372 | €17,443 | €19,454 | €21,905 | €29,790 | ▲ 36.0% |
| + Depreciation and write-downs630 | €1,598 | €2,197 | €1,993 | €2,527 | €3,187 | ▲ 26.1% |
| Operating cash flow (approximation) | €15,970 | €19,640 | €21,447 | €24,432 | €32,977 | ▲ 35.0% |
| Investment in fixed assets (approximation) | - | -€2,743 | -€2,189 | -€7,430 | -€714 | ▲ 90.4% |
| Change in cash | - | -€260 | €87,781 | -€125,957 | €48,282 | ▲ 138% |
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Highest result since 2018net €29,790 ▲36%
Net result €29,790, the highest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Equity above €200,000Eq €230,335 ▲34.8%
6 profitable years in a row build equity to €230,335.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
31-12
Financial
Equity above €150,000Eq €151,376 ▲13%
4 profitable years in a row build equity to €151,376.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 252 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 5.62
Current ratio from 2.01 to 5.62; short-term debt falls from €121,953 to €35,591.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 90 days late
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 120 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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 2013
Ground area
1.2 ha
Building footprint
5,177 m²
Volume, LiDAR
233,164 m³
Parcel 21814P0404/00A006, Brussels · tallest building 142.2 m, ±9 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
BAZRA
since 20132.223.959.283
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0404/00A006 | Brussels | 1.2 ha | 1 · 5,177 m² | 142.2 m · 9 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 6,144 companies in sector 46190 we hold annual accounts for 2,576. 1,796 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0539890419
Registered
20-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.