AAZ CONCEPT
ActiveAAZ CONCEPT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €112k and a net result of €97k. Equity is growing by ~52.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 9989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
84
/ 100
Excellent▲ +13 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency73▲+36
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 3.75 in 2023), but 62.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Sector 41
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
43 d late
2022
31 d late
2021
81 d late
2020
61 d late
2019
83 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€112k▲ 273%
2023 · €30k
2018: €-27k
2019: €-27k
2020: €-11k
2021: €2k
2022: €8k
2023: €30k
2018 → 2024
Total assets
€296k▼ 50.5%
2023 · €597k
2018: €515k
2019: €545k
2020: €597k
2021: €553k
2022: €553k
2023: €597k
2018 → 2024
Net result
€97k▲ 337%
2023 · €22k
2018: €-25k
2019: €-271
2020: €16k
2021: €13k
2022: €6k
2023: €22k
2018 → 2024
Working capital
€112k▼ 74.4%
2023 · €438k
2018: €318k
2019: €355k
2020: €376k
2021: €396k
2022: €406k
2023: €438k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-11k-€2k€8k▲ 299%€30k▲ 282%€112k▲ 273%
Operating result€15k-€18k▲ 18.4%€8k▼ 55.8%€30k▲ 275%€123k▲ 309%
Net result€16k-€13k▼ 14.3%€6k▼ 56.2%€22k▲ 277%€97k▲ 337%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 309% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €296k
Equity
€112k▲ 273%
Debt
€183k▼ 67.6%
The debt ratio falls from 95.0% to 62.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€124k▲
2023 · €31k
Cash flow
€98k▲
2023 · €23k
Solvency
37.9%▲
2023 · 5.0%
Current ratio
1.61▼
2023 · 3.75
Quick ratio
0.25▼
2023 · 0.33
Debt / equity
1.64▼
2023 · 18.85
ROE
86.6%▲
2023 · 73.8%
ROA
32.8%▲
2023 · 3.7%
Interest coverage
73.22▲
2023 · 15.65
Debt
€183k▼
2023 · €567k
Debt ≤ 1 year
€183k▲
2023 · €159k
Debt > 1 year
€0▼
2023 · €405k
Income taxes
€25k▲
2023 · €8k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€597k€296k▼
Fixed assets21/28€666€0▼
Tangible fixed assets22/27€666€0▼
Furniture and vehicles24€666€0▼
Current assets29/58€596k€296k▼
Stocks and contracts in progress3€544k€250k▼
Stocks30/36€544k€250k▼
Amounts receivable within one year40/41€52k€3k▼
Trade receivables40€25k€3k▼
Other amounts receivable41€27k€0▼
Cash at bank and in hand54/58€21€40k▲
Deferred charges and accrued income490/1€626€2k▲
Equity and liabilities
Total equity and liabilities10/49€597k€296k▼
Equity10/15€30k€112k▲
Contributions10/11€6k€6k=
Reserves13€24k€106k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€24k€106k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€567k€183k▼
Amounts payable after more than one year17€405k€0▼
Financial debts170/4€405k€0▼
Amounts payable within one year42/48€159k€183k▲
Financial debts43€6k€638▼
Credit institutions430/8€6k€638▼
Trade debts44€41k€18k▼
Suppliers440/4€41k€16k▼
Bills of exchange payable441-€2k
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€12k€47k▲
Taxes450/3€12k€47k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€100k€118k▲
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20232024
Non-recurring operating income76A-€348
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€666▼
Other operating charges640/8€877€1k▲
Non-recurring operating charges66A€3k€22▼
Gross operating margin9900€35k€125k▲
Operating profit (loss)9901€30k€123k▲
Financial income75/76B€2k€681▼
Recurring financial income75€2k€681▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€30k€122k▲
Income taxes67/77€8k€25k▲
Profit (loss) for the period9904€22k€97k▲
Profit (loss) for the period to be appropriated9905€22k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€97k▲
Profit (loss) brought forward from the previous period14P€-191€0▲
Transfer to equity691/2€22k€82k▲
To other reserves6921€22k€82k▲
Profit to be distributed694/7-€15k
Directors or managers695-€15k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €97k ▲337%
Operating result €123k, net result €97k, both a record.
31-12
Financial
Equity above €100kEq €112k ▲273%
5 profitable years in a row build equity to €112k.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2023
WELLEKENS Cédric François Charles
CurrentDirector · since 21-11-2023
WELLEKENS Gregory Patrick Serge
CurrentDirector · since 21-11-2023
21-11-2023
WELLEKENS Cédric François Charles: Appointed as Director
21-11-2023
WELLEKENS Gregory Patrick Serge: Appointed as Director
21-11-2023
WELLEKENS Christian José Jean: Resigned as Director
Location & real-estate footprint
Registered office, Genappe · 1 establishment unit since 2006
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 Achille Fiévez 111474 GenappeGround area
2,118 m²
Building footprint
244 m²
Volume, LiDAR
3,005 m³
2 parcels, Brussels, Wallonia · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
AAZ Concept sprl
since 20062.154.553.013
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25113A0005/00K000 | Wallonia | 1,913 m² | 1 · 116 m² | 8.2 m · 2 fl. |
| 21447B0255/00Y002 | Brussels | 206 m² | 1 · 128 m² | 20.9 m · 6 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
MERCURY CONSTRUCT
BE 0785.320.809
Brussel · Eq €113k
EURO BRIX
BE 0744.493.905
Waterloo · Eq €113k
VITAL CONSTRUCT
BE 0822.898.411
Affligem · Eq €113k
Stefan Degroote
BE 0819.260.614
Staden · Eq €111k
LAVIGNE CONSTRUCT
BE 0670.635.630
Sint-Truiden · Eq €114k
Of 2,433 companies in sector 41003 we hold annual accounts for 1,044. 741 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-2006
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
45213
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.