MZ AZAD

Active

Private limited companyfounded 20197 yrs activeKasteeldreef 77, 1083 Ganshoren, BelgiumKBO/BCE: BE 0726.743.004

The computed 12-month bankruptcy probability of MZ AZAD is 2.1% (moderate). The 2025 annual accounts show equity of €21k and a net result of €1k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 4559 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability71▼-15

Solvency57▲+4

Growth78=

Track record100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.41 against 0.14 in 2024; short-term debt: 45.8% and cash: 1.1% of total assets), and 68.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

31.5%

Return on assets

1.7%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filings

Deviation from the deadline

2025

31 d late

2024

26 d late

2023

23 d late

2022

23 d late

2021

29 d late

2020

23 d late

2019

28 d late

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€64k

EBIT margin

9.7%

Net result

€1k▼ 80.5%

2024 · €6k

2019: €-13k 2020: €5k 2021: €1k 2022: €625 2023: €702 2024: €6k

2019 → 2025

Working capital

€-18k▲ 1.5%

2024 · €-19k

2019: €-21k 2020: €-23k 2021: €-23k 2022: €-29k 2023: €-40k 2024: €-19k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€64k

Equity€13k-€13k▲ 4.9%€14k▲ 5.3%€20k▲ 42.6%€21k▲ 5.8%

Operating result€4k-€3k▼ 30.9%€2k▼ 5.3%€6k▲ 156%€1k▼ 78.2%

Net result€1k-€625▼ 57.6%€702▲ 12.4%€6k▲ 754%€1k▼ 80.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 78% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €67k

81.3%

18.7%

Fixed assets €55k▼ 19.4%

Current assets €13k▲ 301%

Equity and liabilities €67k

31.5%

68.5%

Equity €21k▲ 5.8%

Debt €46k▼ 9.6%

The debt ratio falls from 71.8% to 68.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€15k▼

2024 · €22k

Cash flow

€14k▼

2024 · €21k

Solvency

31.5%▲

2024 · 28.2%

Current ratio

0.41▲

2024 · 0.14

Quick ratio

0.41▲

2024 · 0.14

Debt / equity

2.17▼

2024 · 2.54

ROE

5.5%▼

2024 · 29.9%

ROA

1.7%▼

2024 · 8.4%

Interest coverage

76.39▼

2024 · 85.83

Debt

€46k▼

2024 · €51k

Debt ≤ 1 year

€31k▲

2024 · €22k

Debt > 1 year

€15k▼

2024 · €29k

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€71k€67k▼

Fixed assets21/28€68k€55k▼

Tangible fixed assets22/27€68k€55k▼

Plant, machinery and equipment23€46k€37k▼

Furniture and vehicles24€2k€2k▼

Other tangible fixed assets26€20k€16k▼

Current assets29/58€3k€13k▲

Amounts receivable within one year40/41€2k€12k▲

Trade receivables40€2k€12k▲

Cash at bank and in hand54/58€1k€759▼

Equity and liabilities

Total equity and liabilities10/49€71k€67k▼

Equity10/15€20k€21k▲

Contributions10/11€20k€20k=

Profit (loss) carried forward14€61€1k▲

Amounts payable17/49€51k€46k▼

Amounts payable after more than one year17€29k€15k▼

Financial debts170/4€29k€15k▼

Amounts payable within one year42/48€22k€31k▲

Current portion of amounts payable after more than one year42€754€705▼

Trade debts44€6k€4k▼

Suppliers440/4€6k€4k▼

Taxes, remuneration and social security45€120€1k▲

Taxes450/3€120€1k▲

Other amounts payable47/48€15k€25k▲

Income statement Code20242025

Turnover70€64k-

Goods, raw materials, services and sundry goods60/61€43k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€13k▼

Other operating charges640/8€40€15▼

Gross operating margin9900€22k€15k▼

Operating profit (loss)9901€6k€1k▼

Financial charges65/66B€252€190▼

Recurring financial charges65€252€190▼

Profit (loss) for the period before taxes9903€6k€1k▼

Profit (loss) for the period9904€6k€1k▼

Profit (loss) for the period to be appropriated9905€6k€1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€61€1k▲

Profit (loss) brought forward from the previous period14P€-6k€61▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 2Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

26-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 26 days late

2024

31-12

Financial Highest result since 2019net €6k ▲754%

Net result €6k, the highest in the series.

23-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 23 days late

2023

23-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 23 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

23-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 23 days late

2020

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

28-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 28 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Ganshoren · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Kasteeldreef 771083 Ganshoren

Ground area

3,226 m²

Building footprint

543 m²

Volume, LiDAR

16,077 m³

2 parcels, Brussels · tallest building 40.3 m, ±12 floors. Linked by address, not a title deed.

1 establishment unit

MZ AZAD

Ijzerenkruisstraat 50, 1000 BrusselPersonal service activities

since 20192.289.208.116

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21008A0223/00P003	Brussels	2,935 m²	1 · 300 m²	40.3 m · 12 fl.
21803C0185/00K002	Brussels	291 m²	1 · 243 m²	27.1 m · 7 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Sint-Gillis (bij-Brussel) · Eq €21k

Of 1,001 companies in sector 96102 we hold annual accounts for 460. 335 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-05-2019

Fiscal year end31-12

Activities, NACEBEL

96102Launderettes and laundries for private customers

Sources

Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.