HAZAL
ActiveThe computed 12-month bankruptcy probability of HAZAL is 2.0% (moderate). The 2025 annual accounts show equity of €2k and a net result of €-6k. Equity is shrinking by ~22.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 27% of 17987 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency19▼-7
Growth32=
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.15 against 1.2 in 2024), and 92.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
7.1%
Return on assets
-25.8%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
6 d early
2022
44 d late
2021
33 d late
2020
83 d late
2019
17 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€241k
EBIT margin
5.2%
Net result
€-6k▲ 46.1%
2024 · €-11k
2018: €19k
2019: €10k
2020: €15k
2021: €12k
2022: €-24k
2023: €-7k
2024: €-11k
2018 → 2025
Working capital
€3k▼ 64.4%
2024 · €8k
2018: €12k
2019: €23k
2020: €37k
2021: €49k
2022: €26k
2023: €20k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€26k▼ 47.8%€18k▼ 28.8%€8k▼ 59.2%€2k▼ 78.4%
Operating result€17k-€-23k€-7k▲ 68.8%€-11k▼ 53.6%€-6k▲ 48.5%
Net result€12k-€-24k€-7k▲ 68.6%€-11k▼ 46.5%€-6k▲ 46.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23k
Fixed assets
€299▼ 63.8%
Current assets
€23k▼ 54.2%
Equity and liabilities €23k
Equity
€2k▼ 78.4%
Debt
€21k▼ 50.1%
The debt ratio rises from 85.0% to 92.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-5k▲
2024 · €-10k
Cash flow
€-5k▲
2024 · €-10k
Solvency
7.1%▼
2024 · 15.0%
Current ratio
1.15▼
2024 · 1.20
Quick ratio
0.85▲
2024 · 0.31
Debt / equity
13.03▲
2024 · 5.64
ROE
-362.1%▼
2024 · -145.3%
ROA
-25.8%▼
2024 · -21.9%
Interest coverage
-45.47▲
2024 · -98.49
Debt
€21k▼
2024 · €43k
Debt ≤ 1 year
€20k▼
2024 · €41k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€50k€23k▼
Fixed assets21/28€825€299▼
Tangible fixed assets22/27€825€299▼
Furniture and vehicles24€825€299▼
Current assets29/58€49k€23k▼
Stocks and contracts in progress3€37k€6k▼
Stocks30/36€37k€6k▼
Amounts receivable within one year40/41€974€6k▲
Trade receivables40-€5k
Other amounts receivable41€974€654▼
Cash at bank and in hand54/58€12k€11k▼
Equity and liabilities
Total equity and liabilities10/49€50k€23k▼
Equity10/15€8k€2k▼
Contributions10/11€6k€6k=
Reserves13€964€964=
Non-distributable reserves130/1€964€964=
Reserves not available under the articles1311€964€964=
Profit (loss) carried forward14€373€-6k▼
Investment grants15€0-
Amounts payable17/49€43k€21k▼
Amounts payable within one year42/48€41k€20k▼
Trade debts44€12k-
Suppliers440/4€12k-
Advances received on contracts in progress46€16k-
Taxes, remuneration and social security45€12k€17k▲
Remuneration and social security454/9€12k€17k▲
Other amounts payable47/48€104€3k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€857€527▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€387€400▲
Gross operating margin9900€-10k€-5k▲
Operating profit (loss)9901€-11k€-6k▲
Financial income75/76B€400-
Recurring financial income75€400-
Financial charges65/66B€105€116▲
Recurring financial charges65€105€116▲
Profit (loss) for the period before taxes9903€-11k€-6k▲
Profit (loss) for the period9904€-11k€-6k▲
Profit (loss) for the period to be appropriated9905€-11k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€373€-6k▼
Profit (loss) brought forward from the previous period14P€11k€373▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
31-12
Financial
Weakest financial yearnet €-24k ▼299%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 6.90
Current ratio from 2.15 to 6.90; short-term debt falls from €20k to €6k.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 737 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 335 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2016
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.
Beeckmanstraat 1021180 UkkelGround area
110 m²
Building footprint
111 m²
Volume, LiDAR
970 m³
Parcel 21616A0183/00K039, Brussels · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HAZAL
since 20162.253.469.455
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0183/00K039 | Brussels | 110 m² | 1 · 111 m² | 13.7 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.
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Of 10,620 companies in sector 47811 we hold annual accounts for 5,193. 858 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-01-2016
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
45204
52250Logistics services
52290Warehousing and support activities for transportation
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.