Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for Azteq according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €876k and a net result of €-2.57M.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events11-12-2024
Bankruptcy
Opening
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-2.57M
Working capital€-2.07M-64.9%
Directors3
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 19-07-2024 with the NBB · fiscal year 2023 · verkort
Sector comparison
Fiscal year 2023 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.1% | 13.5% | |
| Net result | €-2.57M | €457 | |
| Equity | €876k | €94k | |
| Gross operating margin | €-2.10M | €43k | |
| Staff costs | €32k | €71k |
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).
P41
Stable position over 2020-2023
· n=461-1436
P5
Stable position over 2020-2023
· n=461-1432
P78
Stable position over 2020-2023
· n=461-1436
P5
Stable position over 2020-2023
· n=460-1432
Describes the position versus peers, not a forecast.
€-2.13M
-
18-23
€-2.57M
-
18-23
€-2.33M
-
18-23
€12.39M
+108.8%
18-23
€876k
-42.7%
18-23
€-2.07M
-64.9%
18-23
1
-
18-23
€32k
+248.6%
18-23
€0
-100.0%
18-23
€11.51M
+161.4%
18-23
€8.35M
+182.8%
18-23
€2.85M
+97.1%
18-23
0.75
+30.7%
18-23
0.42
-24.2%
18-23
7.1%
-72.5%
18-23
13.15
+355.9%
18-23
-293.6%
-
18-23
-20.8%
-
18-23
-6.72
-
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-2.13M |
| Net profit | €-2.57M |
| Cash flow | €-2.33M |
| Staff costs | €32k |
| Income taxes | - |
| Dividends | - |
| Total assets | €12.39M |
| Equity | €876k |
| Debt | €11.51M |
| of which ≤ 1y | €8.35M |
| of which > 1y | €2.85M |
| Working capital | €-2.07M |
| Employees (FTE) | 0.8 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.75 |
| Quick ratio | 0.42 |
| Working capital ratio | -16.7% |
| Solvency | 7.1% |
| Debt / equity | 13.15 |
| Long-term debt ratio | 3.25 |
| Interest coverage | -6.72 |
| Gross margin | - |
| Net margin | - |
| ROA | -20.8% |
| ROE | -293.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
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 | €12.39M |
| Fixed assets | 21/28 | €6.10M |
| Intangible fixed assets | 21 | €940k |
| Tangible fixed assets | 22/27 | €4.06M |
| Financial fixed assets | 28 | €1.10M |
| Current assets | 29/58 | €6.29M |
| Stocks & contracts in progress | 3 | €2.75M |
| Amounts receivable within one year | 40/41 | €3.05M |
| Cash & bank | 54/58 | €60k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €12.39M |
| Equity | 10/15 | €876k |
| Contributions / capital | 10/11 | €2.42M |
| Accumulated profits (losses) | 14 | €-2.98M |
| Amounts payable | 17/49 | €11.51M |
| Amounts payable after one year | 17 | €2.85M |
| Amounts payable within one year | 42/48 | €8.35M |
| Trade debts payable within one year | 44 | €3.92M |
| Income statement | ||
| Gross operating margin | 9900 | €-2.10M |
| Operating result | 9901 | €-2.37M |
| Financial income | 75 | €120k |
| Financial charges | 65 | €317k |
| Result before taxes | 9903 | €-2.57M |
| Net result for the period | 9904 | €-2.57M |
| Result to be appropriated | 9905 | €-2.57M |
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 · computed0
/ 100
Critical
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.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
No directors on record
No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
Insolvency mandates
3 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | STEFANIE GROSEMANS PIEPELPOEL 13,
3700 TONGEREN |
05-12-2024 → present | Belgian State Gazette |
| Curator | MARK BERNA-
ERTS PIEPELPOEL 13, 3700 TONGEREN- |
05-12-2024 → present | Belgian State Gazette |
| Curator | FELIX RUYSSCHAERT PIEPELPOEL 13,
3700 TONGEREN |
05-12-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 09-11-2017 |
| Status | Active |
| Postal code | 3600 |
| First BS signal | 11-12-2024 |
| Latest BS signal | 11-12-2024 |
Structure & network
Company structure: linked entities
3 linked entitiesMandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Establishment units
1 locationThor Park 8300, 3600 Genk
since 20172.270.388.829
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,963 m²
Buildings1
Building footprint1,879 m²
Volume (LiDAR)6,277 m³
Tallest building41.0 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71303B1298/00M004 | Flanders | 2,963 m² | 1 · 1,879 m² | 41.0 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette11-12-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
2 acts Capital history · 2
12-07-2024
Capital change
09-01-2023
Capital change
All acts · 2
updated 2 years ago
2024
12-07-2024 Capital increase of €2,406,034 to €3,736,999
- €1.330.965 → €3.736.999
- 2 kapitaalbewegingen in deze akte
Notary:
Mayke Op de Beeck · Vorselaar
2023
09-01-2023 Capital increase of €1,211,748 to €2,406,034
- €1.194.286 → €2.406.034
- Inbreng in geld · Apport en numéraire
Notary:
Mayke Op de Beeck · Vorselaar
Analysis
Snowflake analysis
financial profile on 5 axes12
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
10
Growth
52
Stability
0
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren27110Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren27110Vervaardiging van ovens en branders28210Vervaardiging van ovens en permanente verwarmingstoestellen voor huishoudelijk gebruik28210
Primary activity highlighted.
Names & trade names
| Legal nameNL | Azteq |
Registered office
Thor Park 8300
3600 Genk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.