Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Azalées from Evere, company number BE0420580320, closed financial year 2024 with a result of € -551,183 after tax. For that financial year Azalées recorded a gross margin of € 6.8 million and equity of € -1.1 million. Compared with financial year 2023, the result moved from € -450,784 to € -551,183. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 27, 2025.
€ -1.1 million
▼ € 551,183 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -551,183
▼ 22 % more loss than in 2023
Profit after tax over the fiscal year.
€ 538,223
▲ € 480,400 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.4 million.
People and assets in 2024
112.5
▲ 9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 6.6 million
▲ 10% vs 2023
€ 58,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 167,862
▼ 32% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 1.8 million
▲ 10% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1.5 million
▲ 119% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 5,173,123 | € 5,415,827 | € 6,304,437 | € 6,797,161 | ▲ 8% |
| Profit after taxes | € -26,007 | € -124,583 | € -450,784 | € -551,183 | ▼ € 100,398 |
| Equity | € -10,813 | € -135,396 | € -586,180 | € -1,137,363 | ▼ € 551,183 |
| Total debts | € 2,689,086 | € 3,002,833 | € 3,015,822 | € 4,015,690 | ▲ 33% |
| Cash | € 287,347 | € 313,184 | € 57,823 | € 538,223 | ▲ € 480,400 |
| Retained profit | € -2,289,813 | € -2,414,396 | € -2,865,180 | € -3,416,363 | ▼ € 551,183 |
| Balance sheet total | € 2,729,273 | € 2,918,437 | € 2,480,642 | € 2,929,327 | ▲ 18% |
| Employees (FTE) | 98.7 | 101.9 | 103.5 | 112.5 | ▲ 9 |
Key figures of Azalées, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Azalées?
What happened at Azalées in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 551,183. filed late Source: NBB ↗
- Thibault SARTINI became a director. NBB
- CECILE EUDIER became a director. NBB
- New establishment in Evere. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,007 loss in 2021 to € 551,183 loss in 2024.
Paid € 1,925 in corporate taxes since 2021.
On average € 60,400 of value added per employee in 2024.
Management
Behind Azalées are Thibault SARTINI and CECILE EUDIER. The shares are held by Novadia (100%).
Directors
According to the 2024 annual accounts
Thibault SARTINI
Managing director
Also active at: Résidence du Heysel, In de gouden Jaren, RESIDENCE ARCHAMBEAU, SENIOR'S SERENITY, Résidence Acacias, Novadia, FUCHSIACTIVITY
since 2024
CECILE EUDIER
Director
Also active at: Résidence du Heysel, In de gouden Jaren, RESIDENCE ARCHAMBEAU, SENIOR'S SERENITY, EMERA INTERNATIONAL, Résidence Acacias, Novadia, FUCHSIACTIVITY
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kolonel Bourgstraat 143
1140 Evere
Kolonel Bourgstraat 143-145
1140 Evere
Active since 5 November 1980
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.580.320
- VAT number
- BE 0420.580.320
- Registered office
- Kolonel Bourgstraat 143, 1140 Evere
- Names & denominations
- Azalées
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 May 1980
- Peppol
- Active · Active since 16 Oct 2025
- Contact
- [email protected]
- Activities · NACE
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