PIEDRA AZUL
ActivePIEDRA AZUL has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192k and a net result of €39k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+3
Solvency67▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 0.82 in 2024; short-term debt: 46.6% and cash: 25% of total assets), and 58.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.9%
Return on assets
8.6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
19 d late
2023
22 d early
2022
7 d late
2021
31 d late
2020
31 d late
2019
33 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
€192k▲ 25.8%
2024 · €152k
2018: €46k
2019: €62k
2020: €66k
2021: €81k
2022: €108k
2023: €121k
2024: €152k
2018 → 2025
Total assets
€458k▼ 13.9%
2024 · €532k
2018: €184k
2019: €299k
2020: €288k
2021: €282k
2022: €399k
2023: €463k
2024: €532k
2018 → 2025
Net result
€39k▲ 26.1%
2024 · €31k
2018: €19k
2019: €16k
2020: €4k
2021: €15k
2022: €27k
2023: €13k
2024: €31k
2018 → 2025
Working capital
€69k
2024 · €-69k
2018: €20k
2019: €27k
2020: €30k
2021: €16k
2022: €-15k
2023: €-102k
2024: €-69k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€108k▲ 33.4%€121k▲ 12.2%€152k▲ 25.8%€192k▲ 25.8%
Operating result€30k-€43k▲ 45.8%€23k▼ 47.5%€47k▲ 108%€63k▲ 33.2%
Net result€15k-€27k▲ 81.7%€13k▼ 51.3%€31k▲ 137%€39k▲ 26.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €458k
Fixed assets
€176k▼ 20.6%
Current assets
€283k▼ 9.2%
Equity and liabilities €458k
Equity
€192k▲ 25.8%
Debt
€266k▼ 29.9%
The debt ratio falls from 71.4% to 58.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113k▲
2024 · €92k
Cash flow
€90k▲
2024 · €77k
Solvency
41.9%▲
2024 · 28.6%
Current ratio
1.32▲
2024 · 0.82
Quick ratio
1.24▲
2024 · 0.77
Debt / equity
1.39▼
2024 · 2.49
ROE
20.5%▲
2024 · 20.5%
ROA
8.6%▲
2024 · 5.9%
Interest coverage
231.14▲
2024 · 68.48
Debt
€266k▼
2024 · €380k
Debt ≤ 1 year
€213k▼
2024 · €380k
Income taxes
€23k▲
2024 · €14k
Staff costs
€146k▲
2024 · €142k
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€532k€458k▼
Fixed assets21/28€221k€176k▼
Tangible fixed assets22/27€221k€176k▼
Land and buildings22€85k€79k▼
Plant, machinery and equipment23€76k€60k▼
Furniture and vehicles24€60k€36k▼
Current assets29/58€311k€283k▼
Stocks and contracts in progress3€17k€19k▲
Stocks30/36€17k€19k▲
Amounts receivable within one year40/41€131k€132k▲
Trade receivables40€124k€131k▲
Other amounts receivable41€7k€794▼
Cash at bank and in hand54/58€145k€115k▼
Deferred charges and accrued income490/1€18k€17k▼
Equity and liabilities
Total equity and liabilities10/49€532k€458k▼
Equity10/15€152k€192k▲
Contributions10/11€19k€19k=
Reserves13€134k€173k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€132k€171k▲
Amounts payable17/49€380k€266k▼
Amounts payable within one year42/48€380k€213k▼
Trade debts44€213k€46k▼
Suppliers440/4€213k€46k▼
Taxes, remuneration and social security45€32k€47k▲
Taxes450/3€20k€33k▲
Remuneration and social security454/9€12k€14k▲
Other amounts payable47/48€135k€120k▼
Accrued charges and deferred income492/3-€53k
Income statement
Code20242025
Remuneration, social security and pensions62€142k€146k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€50k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€239k€266k▲
Operating profit (loss)9901€47k€63k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€1k€488▼
Recurring financial charges65€1k€488▼
Profit (loss) for the period before taxes9903€46k€62k▲
Income taxes67/77€14k€23k▲
Profit (loss) for the period9904€31k€39k▲
Profit (loss) for the period to be appropriated9905€31k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€39k▲
Transfer to equity691/2€31k€39k▲
To other reserves6921€31k€39k▲
The notes to these accounts (5 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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €39k ▲26.1%
Operating result €63k, net result €39k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Equity above €150kEq €152k ▲25.8%
7 profitable years in a row build equity to €152k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Equity above €100kEq €108k ▲33.4%
5 profitable years in a row build equity to €108k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €4k ▼76.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 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, Antwerpen · 1 establishment unit since 2000
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.
Tweemontstraat 42-442100 AntwerpenGround area
2,210 m²
Building footprint
373 m²
Volume, LiDAR
1,793 m³
Parcel 11012A0134/00R017, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tweemontstraat 42 4, 2100 Antwerpen
since 20002.100.697.326
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0134/00R017 | Flanders | 2,210 m² | 1 · 373 m² | 6.4 m · 2 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.
Similar companies · same sector, comparable size
DEBOUCQ et TOONS
BE 0465.737.976
Chastre · Eq €209k
COPYCAT MANAGEMENT
BE 0464.308.217
Duffel · Eq €173k
ARTEMISIANA
BE 0782.853.148
Brakel · Eq €158k
OHMR
BE 0838.369.317
Maarkedal · Eq €243k
JOS DEVRIENDT
BE 0774.488.778
Gent · Eq €258k
Of 674 companies in sector 23410 we hold annual accounts for 47. 38 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-2000
Fiscal year end31-12
Activities, NACEBEL
23410Manufacture of ceramic household and ornamental articles
26212
90201Performing arts by independent artists
92311
46499Wholesale of other household goods
51478
Sources
Crossroads Bank for EnterprisesNational Bank · 26 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.