AZIMUTH SOFTWARE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of AZIMUTH SOFTWARE is 0.1% (very low). The 2025 annual accounts show equity of €132k and a net result of €16k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 2749 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 2749 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

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

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 10 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 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	02-06-2026	59 d early	2026-00132635
31-12-2024	31-07-2025	31-07-2025	on the day	2025-00349321
31-12-2023	31-07-2024	08-04-2025	251 d late	2025-00065716
31-12-2022	31-07-2023	28-08-2023	28 d late	2023-00361587
31-12-2021	31-07-2022	30-08-2022	30 d late	2022-20364639
31-12-2020	31-07-2021	30-08-2021	30 d late	2021-59800238
31-12-2019	31-07-2020	28-08-2020	28 d late	2020-47400592
31-12-2018	31-07-2019	01-07-2019	30 d early	2019-26000295
31-12-2017	31-07-2018	12-07-2018	19 d early	2018-32000042
31-12-2016	31-07-2017	31-08-2017	31 d late	2017-56300351

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

Long-established

Founded in 1999, 27 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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Long track record −Annual accounts: healthy financial profile −

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€16k+559.4%

Working capital€136k+16.8%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 02-06-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

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

growing Equity: growth of ~5.8%/year over 8 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 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	96.9%	62.2%	better than 95% of 2749 sector peers
Net result	€16k	€40k	better than 26% of 2751 sector peers
Equity	€132k	€62k	better than 77% of 2750 sector peers
Gross operating margin	€28k	€63k	better than 23% of 2751 sector peers
Total assets	€137k	€121k	better than 56% of 2751 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 P95

Stable position over 2020-2025 · n=627-7336

Net result P26

Weakening position over 2020-2025 · n=624-7333

Equity P77

Stable position over 2020-2025 · n=628-7338

Gross operating margin P23

Stable position over 2020-2025 · n=623-7327

Describes the position versus peers, not a forecast.

EBITDA

€15k

- 18-25

Net profit

€16k

+559.4% 18-25

Cash flow

€74k

- 18-25

Total assets

€137k

+15.4% 18-25

Equity

€132k

+13.4% 18-25

Working capital

€136k

+16.8% 18-25

Income taxes

€7k

+721.5% 18-25

Debt

€168

-89.1% 18-25

Debt ≤ 1y

€168

-89.1% 18-25

Current ratio

811.40

+956.7% 18-25

Quick ratio

811.40

+956.7% 18-25

Solvency

96.9%

-1.8% 18-25

Debt / equity

0.00

-90.4% 18-25

ROE

11.8%

+481.5% 18-25

ROA

11.5%

+471.2% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€16k
Cash flow	-
Staff costs	-
Income taxes	€7k
Dividends	-
Total assets	€137k
Equity	€132k
Debt	€168
of which ≤ 1y	€168
of which > 1y	-
Working capital	€136k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	811.40
Quick ratio	811.40
Working capital ratio	99.9%
Solvency	96.9%
Debt / equity	0.00
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	11.5%
ROE	11.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Equity & liabilities

Equity €132k · 97.0% Provisions €4k · 2.9% Debt €168 · 0.1%

Full annual accounts

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

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€137k
Current assets	29/58	€137k
Amounts receivable within one year	40/41	€123k
Cash & bank	54/58	€14k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€137k
Equity	10/15	€132k
Contributions / capital	10/11	€7k
Reserves	13	€18k
Accumulated profits (losses)	14	€108k
Provisions & deferred taxes	16	€4k
Amounts payable	17/49	€168
Amounts payable within one year	42/48	€168
Trade debts payable within one year	44	€168
Income statement
Gross operating margin	9900	€28k
Operating result	9901	€23k
Financial charges	65	€315
Result before taxes	9903	€23k
Income taxes	67/77	€7k
Net result for the period	9904	€16k
Result to be appropriated	9905	€16k

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 2025 · computed

93 / 100 Excellent

050100

Computed from 4 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 from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Current directors & mandates

Patrick EGGERMONT
Director
State Gazette act 25064819 (21-05-2025)

Current
21-05-2025 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Ontwerpen van computerprogramma’s(62100)
Legal form	Private limited company (pre-2019)(015)
Incorporation	15-06-1999
Status	Active
Postal code	4500

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Camp de Corroy 914500 Huy

Establishment units

1 location

Rue des Communes(MOH) 16, 4520 Wanze

Gegevensverwerking

since 19992.091.787.875

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

Parcels2

Ground area5,410 m²

Buildings2

Building footprint329 m²

Volume (LiDAR)841 m³

Tallest building7.3 m · ±2 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.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61042A0006/00G002	Wallonia	4,494 m²	1 · 159 m²	7.3 m · 2 fl.
61031C0792/00L002	Wallonia	916 m²	1 · 170 m²	-

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

Address history · 1

28-09-2017

v3.2

All acts · 2 updated 1 year ago

2025

21-05-2025 Patrick EGGERMONT appointed as director Director changes

Patrick EGGERMONT, Bestuurder

Summary: v3.2

Original publication ↗

2017

28-09-2017 Registered office moved from WANZE to HUY Registered-office change

Rue Pierre Jacques 24, 4520 WANZE → Camp de Corroy 91, 4500 HUY

Summary: v3.2

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

81 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 59

Solvency 100

Growth 52

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 2,789 of the 16,731 companies in this sector. 2,182 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Overige advisering in verband met programmatuur en levering van programmatuur72220Detailhandel in ICT-apparatuur47400Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels47410Gespecialiseerde detailhandel in kantoormachines en -meubelen, computers en standaardprogrammatuur en telecommunicatieapparatuur52487

Primary activity highlighted.

Names & trade names

Legal nameFR

AZIMUTH SOFTWARE

Registered office

Camp de Corroy 91

4500 Huy, Belgium

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