AZ 4 CLEAN · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of AZ 4 CLEAN is 2.9% (moderate). The 2023 annual accounts show negative equity (€-6k) and a net result of €-25k. Equity is shrinking by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 17% of 1816 sector peers (fiscal year 2023). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.9% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Negative equity

Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 375 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

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 16-05-2025, 289 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.

How we compute the deadline

The year end is derived from 9 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	16-05-2025	289 d late	2025-00096321
31-12-2022	31-07-2023	26-03-2024	239 d late	2024-00055601
31-12-2021	31-07-2022	05-03-2024	583 d late	2024-00041103
31-12-2020	31-07-2021	13-12-2021	135 d late	2021-80100280
31-12-2019	31-07-2020	12-11-2020	104 d late	2020-70000263
31-12-2018	31-07-2019	26-06-2019	35 d early	2019-24500384
31-12-2017	31-07-2018	31-08-2018	31 d late	2018-58700221
31-12-2016	31-07-2017	07-02-2018	191 d late	2018-04600065
31-12-2015	31-07-2016	31-08-2016	31 d late	2016-58800091

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2015, 11 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-25k

Working capital€-7k

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 16-05-2025 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Gross margin: declining trend of ~54.7%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 49, Land transport · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-4.6%	28.5%	better than 17% of 1816 sector peers
Net result	€-25k	€4k	better than 6% of 1794 sector peers
Equity	€-6k	€16k	better than 12% of 1827 sector peers
Gross operating margin	€-21k	€25k	better than 5% of 1782 sector peers
Staff costs	€401	€35k	higher than 7% of 800 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P17

Weakening position over 2020-2023 · n=458-1816

Net result P6

Weakening position over 2020-2023 · n=455-1794

Equity P12

Weakening position over 2020-2023 · n=458-1827

Gross operating margin P5

Weakening position over 2020-2023 · n=453-1782

Describes the position versus peers, not a forecast.

EBITDA

€-23k

- 18-23

Net profit

€-25k

- 18-23

Cash flow

€-23k

- 18-23

Total assets

€132k

-13.7% 18-23

Equity

€-6k

- 18-23

Working capital

€-7k

- 18-23

Employees (FTE)

1

+66.7% 18-23

Staff costs

€401

-39.8% 18-23

Income taxes

€358

+57.6% 18-23

Debt

€138k

+3.3% 18-23

Debt ≤ 1y

€131k

+3.5% 18-23

Debt > 1y

€8k

0.0% 18-23

Current ratio

0.94

-17.8% 18-23

Quick ratio

0.73

-21.2% 18-23

Solvency

-4.6%

- 18-23

Debt / equity

-22.70

- 18-23

ROE

417.9%

+3065.9% 18-23

ROA

-19.3%

- 18-23

Interest coverage

-125.10

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€-23k
Net profit	€-25k
Cash flow	€-23k
Staff costs	€401
Income taxes	-
Dividends	-
Total assets	€132k
Equity	€-6k
Debt	€138k
of which ≤ 1y	€131k
of which > 1y	€8k
Working capital	€-7k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.94
Quick ratio	0.73
Working capital ratio	-5.7%
Solvency	-4.6%
Debt / equity	-22.70
Long-term debt ratio	-1.24
Interest coverage	-125.10
Gross margin	-
Net margin	-
ROA	-19.3%
ROE	417.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €9k · 6.8% Current assets €123k · 93.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€132k
Fixed assets	21/28	€9k
Tangible fixed assets	22/27	€6k
Financial fixed assets	28	€3k
Current assets	29/58	€123k
Stocks & contracts in progress	3	€27k
Amounts receivable within one year	40/41	€82k
Cash & bank	54/58	€14k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€132k
Equity	10/15	€-6k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€-27k
Amounts payable	17/49	€138k
Amounts payable after one year	17	€8k
Amounts payable within one year	42/48	€131k
Trade debts payable within one year	44	€126k
Income statement
Gross operating margin	9900	€-21k
Operating result	9901	€-25k
Financial charges	65	€183
Result before taxes	9903	€-25k
Net result for the period	9904	€-25k
Result to be appropriated	9905	€-25k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

12 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location

AZ 4 CLEAN

Pantheonlaan 88, 1081 KoekelbergOverige activiteiten op het gebied van drukwerk

since 20152.239.198.775

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area1,847 m²

Buildings2

Building footprint729 m²

Volume (LiDAR)12,807 m³

Tallest building23.5 m · ±7 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21011A0040/00A013	Brussels	946 m²	1 · 482 m²	23.5 m · 7 fl.
23084A0514/00N002	Flanders	901 m²	1 · 246 m²	15.9 m · 4 fl.

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts

Capital history · 1

10-07-2025

Capital change

Address history · 1

09-11-2022

Registered-office move

All acts · 2 updated 1 year ago

2025

10-07-2025 All shares are now held by a single shareholder Capital & shares·Pauline FRANCKX

Notary: Pauline FRANCKX · Brussel

Original publication ↗

2022

09-11-2022 Registered office moved from Jette to Koekelberg Registered-office change

Rue Uyttenhove 71-73, 1090 Jette → Avenue du Pantheon 88, 1081 Koekelberg

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

57 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 12

Profitability 100

Solvency 43

Growth 32

Stability 100

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Credit advice

verdict per customer and amount

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Company registry

Company registry (CBE)

Crossroads Bank

Activities

Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)46711Groothandel in andere motorvoertuigen (> 3,5 ton)46712Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Detailhandel in andere motorvoertuigen (> 3,5 ton)47812Verhuisbedrijven49420Verhuisactiviteiten49420Algemene reiniging van gebouwen81210Algemene reiniging van gebouwen81210Overige reiniging van gebouwen; industriële reiniging81220Overige reiniging van gebouwen; industriële reiniging81220Andere reinigingsactiviteiten81230Andere reinigingsactiviteiten81290

Primary activity highlighted.

Names & trade names

Legal nameNL

AZ 4 CLEAN

Registered office

Romeinsesteenweg 464

1853 Grimbergen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.