PATRIMONIALE AZUR
ActiveThe annual accounts of PATRIMONIALE AZUR for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €50k and a net result of €-70k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 18237 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-1
Solvency29▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.75 against 1.16 in 2024; short-term debt: 29.3% and cash: 5.3% of total assets), and 96.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-70k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 18237 sector peers (2025).
NBB · sector comparisonPosition among 18237 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
11 d late
2023
14 d late
2022
13 d early
2021
5 d early
2020
5 d late
2019
14 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▼ 58.3%
2024 · €121k
2018: €-106k
2019: €-105k
2020: €-203k
2021: €261k
2022: €242k
2023: €179k
2024: €121k
2018 → 2025
Total assets
€1.29M▲ 0.9%
2024 · €1.28M
2018: €1.55M
2019: €1.56M
2020: €1.30M
2021: €1.29M
2022: €1.24M
2023: €1.26M
2024: €1.28M
2018 → 2025
Net result
€-70k▼ 22.0%
2024 · €-58k
2018: €3k
2019: €524
2020: €-98k
2021: €164k
2022: €-19k
2023: €-63k
2024: €-58k
2018 → 2025
Working capital
€-94k
2024 · €45k
2018: €-361k
2019: €-193k
2020: €-196k
2021: €-32k
2022: €51k
2023: €101k
2024: €45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€261k-€242k▼ 7.3%€179k▼ 26.1%€121k▼ 32.4%€50k▼ 58.3%
Operating result€176k-€-4k€-41k▼ 1,053%€-45k▼ 9.9%€-60k▼ 31.4%
Net result€164k-€-19k€-63k▼ 230%€-58k▲ 8.2%€-70k▼ 22.0%
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 €60k in 2025 against €45k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€1.01M▲ 6.3%
Current assets
€284k▼ 14.5%
Equity and liabilities €1.29M
Equity
€50k▼ 58.3%
Debt
€1.24M▲ 7.1%
The debt ratio rises from 90.6% to 96.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-16k▼
2024 · €-12k
Cash flow
€-27k▼
2024 · €-24k
Solvency
3.9%▼
2024 · 9.4%
Current ratio
0.75▼
2024 · 1.16
Quick ratio
0.20▼
2024 · 0.41
Debt / equity
24.65▲
2024 · 9.59
ROE
-140.0%▼
2024 · -47.8%
ROA
-5.5%▼
2024 · -4.5%
Interest coverage
-1.52▼
2024 · -0.99
Debt
€1.24M▲
2024 · €1.16M
Debt ≤ 1 year
€378k▲
2024 · €287k
Debt > 1 year
€862k▼
2024 · €871k
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€1.28M€1.29M▲
Fixed assets21/28€947k€1.01M▲
Tangible fixed assets22/27€947k€1.01M▲
Land and buildings22€582k€1.01M▲
Furniture and vehicles24€763€358▼
Assets under construction and advance payments27€364k-
Current assets29/58€332k€284k▼
Stocks and contracts in progress3€214k€208k▼
Stocks30/36€214k€208k▼
Amounts receivable within one year40/41€29k€568▼
Trade receivables40€27k€8▼
Other amounts receivable41€2k€560▼
Cash at bank and in hand54/58€86k€68k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.28M€1.29M▲
Equity10/15€121k€50k▼
Contributions10/11€455k€455k=
Reserves13€650€650=
Distributable reserves133€650€650=
Profit (loss) carried forward14€-335k€-405k▼
Amounts payable17/49€1.16M€1.24M▲
Amounts payable after more than one year17€871k€862k▼
Financial debts170/4€21k€18k▼
Other amounts payable178/9€850k€845k▼
Amounts payable within one year42/48€287k€378k▲
Current portion of amounts payable after more than one year42€3k€3k=
Trade debts44€5k€14k▲
Suppliers440/4€5k€14k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€274k€355k▲
Accrued charges and deferred income492/3€43-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€44k▲
Other operating charges640/8€29k€26k▼
Gross operating margin9900€17k€9k▼
Operating profit (loss)9901€-45k€-60k▼
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€-58k€-70k▼
Profit (loss) for the period9904€-58k€-70k▼
Profit (loss) for the period to be appropriated9905€-58k€-70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-335k€-405k▼
Profit (loss) brought forward from the previous period14P€-277k€-335k▼
The notes to these accounts (9 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €164k
Net result €164k after one loss-making year.
31-12
Financial
Equity above €200kEq €261k
Equity rises from €-203k to €261k.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Weakest financial yearnet €-98k ▼18856%
Net result drops to €-98k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Chaudfontaine · 2 establishment units since 2005
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.
Rue Jacques Musch 34053 ChaudfontaineGround area
760 m²
Building footprint
331 m²
Volume, LiDAR
2,300 m³
2 parcels, Wallonia · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
PATRIMONIAL AZUR
since 20052.149.892.459
GALERIE AZUR
since 20142.227.739.414
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072G0422/00D002 | Wallonia | 525 m² | 1 · 80 m² | - |
| 62030C0140/00C002 | Wallonia | 235 m² | 1 · 251 m² | 12.3 m · 3 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
SANTA Magnetica
BE 0723.655.731
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DEPINCTUM
BE 0894.943.378
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AX CAPITAL
BE 0776.582.691
Liège · Eq €51k
THOMAS DEPREZ FINE ARTS
BE 0691.670.376
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TESSITORE PIANO SERVICES
BE 1002.566.462
Ronse · Eq €52k
Of 1,289 companies in sector 47690 we hold annual accounts for 424. 312 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2005
Fiscal year end31-12
Activities, NACEBEL
47690Retail sale of other cultural and recreation goods
47787Retail trade
47559Retail sale of other household articles
47599Retail trade
47791Retail sale of antiques
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.