KAAZABEL
ActiveSummary
For KAAZABEL, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €8k and a net result of €-82k. Equity is shrinking by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 11% of 34209 sector peers (fiscal year 2023). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-71
Solvency30▼-39
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2023Solvency, return and age of the figures
Solvency
4.8%
Return on assets
-50.5%
Age of the figures
33 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-11-2024, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
119 d late
2022
11 d early
2021
354 d late
2020
75 d late
2019
109 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€8k▼ 91.3%
2022 · €90k
Total assets
€163k▼ 21.2%
2022 · €206k
Net result
€-82k
2022 · €3k
Working capital
€7k▼ 92.1%
2022 · €89k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€3k€-9k€-22k▼ 143%€16k€-82k
Net result€-3k€-10k▼ 239%€-24k▼ 147%€3k€-82k
Equity€120k▼ 2.3%€111k▼ 8.1%€87k▼ 21.8%€90k▲ 4.0%€8k▼ 91.3%
Total assets€132k▲ 1.9%€136k▲ 2.7%€185k▲ 36.0%€206k▲ 11.6%€163k▼ 21.2%
Debt€12k▲ 80.1%€25k▲ 110%€98k▲ 288%€116k▲ 18.3%€155k▲ 33.1%
Working capital€119k▼ 1.8%€110k▼ 7.6%€85k▼ 22.4%€89k▲ 4.4%€7k▼ 92.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €82k after €16k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €163k
Fixed assets
€736 ▼ 31.2%
Current assets
€162k ▼ 21.1%
Equity and liabilities €163k
Equity
€8k ▼ 91.3%
Debt
€155k ▲ 33.1%
Debt's share of the balance-sheet total rises from 56.4% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-82k▼
2022 · €17k
Cash flow
€-82k▼
2022 · €4k
Current ratio
1.05▼
2022 · 1.76
Debt to equity
19.90▲
2022 · 1.29
ROA
-50.5%▼
2022 · 1.7%
Interest coverage
-62.63▼
2022 · 18.60
Debt ≤ 1 year
€155k▲
2022 · €116k
Income taxes
€400▼
2022 · €12k
A ratio outside any meaningful range has been withheld (balance sheet total €163k, equity €8k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €658 | €658 | €551 | €333 | €333 | = |
| Other operating charges640/8 | - | - | - | €635 | €607 | ▼ 4.3% |
| Gross operating margin9900 | €4k | €-9k | €-22k | €17k | €-81k | ▼ 570% |
| Operating profit (loss)9901 | €3k | €-9k | €-22k | €16k | €-82k | ▼ 604% |
| Financial income75/76B | - | - | - | €1 | €1k | ▲ 215,814% |
| Recurring financial income75 | €213 | - | - | €1 | €1k | ▲ 215,814% |
| Financial charges65/66B | - | - | €2k | €893 | €1k | ▲ 46.0% |
| Recurring financial charges65 | €858 | €518 | €2k | €893 | €1k | ▲ 46.0% |
| Profit (loss) for the period before taxes9903 | €3k | €-10k | €-24k | €15k | €-82k | ▼ 632% |
| Income taxes67/77 | €6k | - | - | €12k | €400 | ▼ 96.6% |
| Profit (loss) for the period9904 | €-3k | €-10k | €-24k | €3k | €-82k | ▼ 2,481% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-10k | €-24k | €3k | €-82k | ▼ 2,481% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132k | €136k | €185k | €206k | €163k | ▼ 21.2% |
| Fixed assets21/28 | €2k | €953 | €1k | €1k | €736 | ▼ 31.2% |
| Tangible fixed assets22/27 | €875 | €217 | €667 | €333 | €0 | ▼ 99.9% |
| Furniture and vehicles24 | - | - | €667 | €333 | €0 | ▼ 99.9% |
| Financial fixed assets28 | €736 | €736 | €736 | €736 | €736 | = |
| Current assets29/58 | €131k | €135k | €184k | €205k | €162k | ▼ 21.1% |
| Amounts receivable within one year40/41 | €130k | €135k | €183k | €154k | €91k | ▼ 41.1% |
| Trade receivables40 | - | - | €132k | €97k | €85k | ▼ 12.9% |
| Other amounts receivable41 | - | - | €52k | €57k | €6k | ▼ 89.0% |
| Cash at bank and in hand54/58 | €291 | €384 | €169 | €51k | €71k | ▲ 39.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132k | €136k | €185k | €206k | €163k | ▼ 21.2% |
| Equity10/15 | €120k | €111k | €87k | €90k | €8k | ▼ 91.3% |
| Contributions10/11 | €19k | - | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €100k | €90k | €66k | €70k | €-13k | ▼ 118% |
| Amounts payable17/49 | €12k | €25k | €98k | €116k | €155k | ▲ 33.1% |
| Amounts payable within one year42/48 | €12k | €25k | €98k | €116k | €155k | ▲ 33.1% |
| Trade debts44 | €6k | €13k | €51k | €21k | €69k | ▲ 224% |
| Suppliers440/4 | - | - | €51k | €21k | €69k | ▲ 224% |
| Taxes, remuneration and social security45 | - | - | €2k | - | €400 | - |
| Taxes450/3 | - | - | €2k | - | €400 | - |
| Other amounts payable47/48 | - | - | €46k | €95k | €85k | ▼ 10.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-10k | €-24k | €3k | €-82k | ▼ 2,481% |
| + Depreciation and write-downs630 | €658 | €658 | €551 | €333 | €333 | = |
| Operating cash flow (approximation) | €-2k | €-9k | €-24k | €4k | €-82k | ▼ 2,262% |
| Investment in fixed assets (approximation) | - | €0 | €-1,000 | €0 | €0 | - |
| Change in cash | - | €93 | €-215 | €51k | €20k | ▼ 60.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
2023
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 354 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
08-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 405 days late
08-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 770 days late
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 252 days late
2016
16-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 108 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Sint-Pieters-Woluwe · 1 establishment unit since 2001
Ground area
1,295 m²
Building footprint
532 m²
Volume, LiDAR
13,571 m³
Parcel 21019A0215/00E013, Brussels · tallest building 29.4 m, ±9 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
KAAZABEL SRL
since 20012.094.461.909
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0215/00E013 | Brussels | 1,294 m² | 1 · 532 m² | 29.4 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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 20,160 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 (pre-2019)
Founded05-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
Contact
Website
www.kaazabel.be
Website
www.kaazabel.com
E-mail
kaazabel@kaazabel.be
Phone
0470425262
E-mail
xmouh@me.comSint-Pieters-Woluwe
Scores and ratios are computed by Checked and are not a credit decision.