AZA Battery
ActiveSummary
The computed 12-month bankruptcy probability of AZA Battery is 4.4% (elevated). The 2024 annual accounts show equity of €4.00M and a net result of €-429k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 288 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-2
Solvency77▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days only on tighter terms
Liquidity ample (current ratio 3.46 against 11.37 in 2023; short-term debt: 11.7% and cash: 7.9% of total assets), and 48.1% 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.
+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 27
Relative position
BE, all sectors
reference
Sector 27
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.9%
Return on assets
-5.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
7 d early
2022
18 d late
2021
34 d early
2020
19 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€4.00M▲ 35.9%
2023 · €2.94M
2020: €9k
2021: €2.85M
2022: €3.15M
2023: €2.94M
2020 → 2024
Total assets
€7.71M▲ 29.7%
2023 · €5.94M
2020: €211k
2021: €5.89M
2022: €6.19M
2023: €5.94M
2020 → 2024
Net result
€-429k▼ 102%
2023 · €-212k
2020: €-21k
2021: €-170k
2022: €-143k
2023: €-212k
2020 → 2024
Working capital
€2.21M▲ 12.9%
2023 · €1.96M
2020: €9k
2021: €3.59M
2022: €2.98M
2023: €1.96M
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€9k-€2.85M▲ 31,847%€3.15M▲ 10.8%€2.94M▼ 6.7%€4.00M▲ 35.9%
Operating result€-21k-€-167k▼ 700%€-132k▲ 21.2%€-212k▼ 61.0%€-476k▼ 124%
Net result€-21k-€-170k▼ 705%€-143k▲ 15.6%€-212k▼ 48.0%€-429k▼ 102%
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 €476k in 2024 against €212k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.71M
Fixed assets
€4.60M ▲ 21.1%
Current assets
€3.11M ▲ 44.8%
Equity and liabilities €7.71M
Equity
€4.00M ▲ 35.9%
Debt
€3.71M ▲ 23.6%
Debt's share of the balance-sheet total falls from 50.5% to 48.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-409k▼
2023 · €-191k
Cash flow
€-362k▼
2023 · €-190k
Current ratio
3.46▼
2023 · 11.37
Debt to equity
0.93▼
2023 · 1.02
ROE
-10.7%▼
2023 · -7.2%
ROA
-5.6%▼
2023 · -3.6%
Interest coverage
-64.14▼
2023 · -38.00
Debt ≤ 1 year
€899k▲
2023 · €189k
Debt > 1 year
€2.81M=
2023 · €2.81M
Staff costs
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.94M€7.71M▲
Fixed assets21/28€3.80M€4.60M▲
Intangible fixed assets21€294k€545k▲
Tangible fixed assets22/27€1.63M€2.18M▲
Plant, machinery and equipment23€157k€182k▲
Furniture and vehicles24€2k€1k▼
Assets under construction and advance payments27€1.47M€2.00M▲
Financial fixed assets28€1.87M€1.87M▲
Current assets29/58€2.15M€3.11M▲
Amounts receivable within one year40/41€1.18M€2.50M▲
Trade receivables40€17k€17k=
Other amounts receivable41€1.16M€2.48M▲
Cash at bank and in hand54/58€970k€607k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€5.94M€7.71M▲
Equity10/15€2.94M€4.00M▲
Contributions10/11€3.49M€4.97M▲
Profit (loss) carried forward14€-546k€-976k▼
Amounts payable17/49€3.00M€3.71M▲
Amounts payable after more than one year17€2.81M€2.81M=
Financial debts170/4€2.81M€2.81M=
Amounts payable within one year42/48€189k€899k▲
Trade debts44€175k€178k▲
Suppliers440/4€175k€178k▲
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3-€4k
Remuneration and social security454/9€14k€12k▼
Other amounts payable47/48-€705k
Income statement
Code20232024
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€68k▲
Other operating charges640/8€691€1k▲
Gross operating margin9900€-190k€-405k▼
Operating profit (loss)9901€-212k€-476k▼
Financial income75/76B€5k€53k▲
Recurring financial income75€5k€53k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-212k€-429k▼
Profit (loss) for the period9904€-212k€-429k▼
Profit (loss) for the period to be appropriated9905€-212k€-429k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-546k€-976k▼
Profit (loss) brought forward from the previous period14P€-334k€-546k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-429k
Net result drops to €-429k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 16current ratio 16.99
Current ratio from 1.04 to 16.99.
31-12
Financial
Equity above €2MEq €2.85M ▲31847%
Equity rises from €9k to €2.85M.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2019
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.
Livornostraat 71060 Sint-Gillis (bij-Brussel)Ground area
5,037 m²
Building footprint
1,415 m²
Volume, LiDAR
17,411 m³
2 parcels, Brussels, Wallonia · tallest building 28.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
AZA Battery
since 20192.289.900.774
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0040/00C021 | Brussels | 4,310 m² | 1 · 692 m² | 28.8 m · 8 fl. |
| 25097C0575/00G003 | Wallonia | 727 m² | 1 · 723 m² | 9.3 m · 2 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
Centrica Business Solutions Belgium
BE 0826.113.861
Antwerpen · Eq €3.87M
AVESTA HOLDING
BE 0719.311.418
Ninove · Eq €4.21M
HOPPECKE BELGIUM
BE 0417.352.693
Zemst · Eq €2.04M
Clarios Belgium
BE 0445.983.036
Brecht · Eq €21.42M
Energizer Europe
BE 0803.257.889
Tessenderlo-Ham · Eq €22.15M
Of 46 companies in sector 27200 we hold annual accounts for 28. 7 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
27200Manufacture of electrical equipment
46643Wholesale of electrical equipment, including installation materials
70200Business and other management consultancy
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:a.unal@notabel.info