Financials
- Fiscal year
- 2025
- Turnover
- €4.7m
- Profit
- €340,447
- Solvency
- 89.9%
Turnover▲ 2.9%
Net result
20182025
DEN AZALEE
ActiveSummary
DEN AZALEE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.5m and a net result of €340,447. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 433 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Social work activities without accommodation
NACE 88993Education NACE 85322NACE 88995
#5 employer in Sint-Niklaas, Health and social work sector10 sites
How big
€4.7mturnover 2025
- Staff
- 188.2 FTE
- Equity
- €15.5m
- Profit
- €340,447
Who decides
- Board
- 14 members
Auditor: GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISESAccounts 29 d early
Why 95- 1 change of registered office in 24 months+ Legal form Non-profit association+ Sector Social work activities without accommodation (NACE 88)+ Liquidity: current ratio 4.45, cash €1.4mShow the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 61% of its sector peers (NACE 88, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 89.9% of total assets
Liquidity
60-2
short-term debt 10.0% · cash 8.2%
Profitability
78-5
return on assets 2.0%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%highest value
12-2024: 0.1%● 0.0% vs 11-2024highest value
01-2025: 0.1%● 0.0% vs 12-2024highest value
02-2025: 0.1%● 0.0% vs 01-2025highest value
03-2025: 0.1%● 0.0% vs 02-2025highest value
04-2025: 0.1%● 0.0% vs 03-2025highest value
05-2025: 0.1%● 0.0% vs 04-2025highest value
06-2025: 0.1%● 0.0% vs 05-2025highest value
07-2025: 0.1%● 0.0% vs 06-2025highest value
08-2025: 0.1%● 0.0% vs 07-2025highest value
09-2025: 0.1%● 0.0% vs 08-2025highest value
10-2025: 0.1%● 0.0% vs 09-2025highest value
11-2025: 0.1%● 0.0% vs 10-2025highest value
12-2025: 0.1%● 0.0% vs 11-2025highest value
01-2026: 0.1%● 0.0% vs 12-2025highest value
02-2026: 0.1%● 0.0% vs 01-2026highest value
03-2026: 0.1%● 0.0% vs 02-2026highest value
04-2026: 0.1%● 0.0% vs 03-2026highest value
05-2026: 0.1%● 0.0% vs 04-2026highest value
06-2026: 0.1%● 0.0% vs 05-2026highest value
07-2026: 0.1%● 0.0% vs 06-2026highest value
08-2026: 0.1%● 0.0% vs 07-2026highest value
09-2026: 0.1%● 0.0% vs 08-2026highest value
10-2026: 0.1%● 0.0% vs 09-2026highest value
- Legal form Non-profit association lowers the probability
- 1 change of registered office in 24 months raises the probability
- Sector Social work activities without accommodation (NACE 88) lowers the probability
- Liquidity: current ratio 4.45, cash €1.4m lowers the probability
Credit up to €460,000 at 30 days acceptable
Liquidity ample (current ratio 4.45 against 5.39 in 2024; short-term debt: 10% and cash: 8.2% of total assets), and 10.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 88, medium-sized). Better than this share of them on solvency 91%, liquidity 43%, profitability 64%, growth against the median 47%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
38 d early
2023
44 d early
2022
47 d early
2021
37 d early
2020
43 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Appointment: Koen DE BOCK (algemeen directeur)State Gazette act
- Annual accounts filedfiscal year 2025 · abbreviated…
- Resignations: Julien GHESQUIÈRE, Marleen LUTIN-SMET and…Appointments: Bert DE LAET, Katrijn…
Key points
- Positive: Among the best 6% on solvencysector median 56.5% · 433 companies 89.9% View
- Caution: Result fell in 2025from €711,844 to €340,447 ▼ 52.2% View
- Board changedlatest change 13-05-2026 · 14 in office 8 joined · 9 left View
- Flemish supportawarded 2022 - 2025 €13.8m View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €340,447 8 years View
- Merger with Maatwerkbedrijf Mo-Clean VZWmerger on 01-01-2026 2026 View
By topic
Board & ownership
- Board
- 14 members
- Auditor
- GRANT THORNTON BEDRIJFSREVISOREN -…
Go to Board & ownership
Network & group
- Connected companies
- 19
- Mergers and contributions
- 2
Timeline
- Events
- 43
- Since
- 2004
- Next accounts
- by 31-07-2027
- 13-07-2026Appointment: Koen DE BOCK (algemeen directeur)
- 02-07-2026Annual accounts filed
- 13-05-2026Resignations: Julien GHESQUIÈRE, Marleen LUTIN-SMET and 6…
Company details
- Sites
- 10
- Legal form
- Non-profit association
- Activity
- Social work activities without accommodationNACE 88993
- Founded
- 18-04-1995
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- Het voorwerp van de VZW is werk te verschaffen aan zeer moeilijk tot onbemiddelbare…
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