Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2022 and 2023.
-
Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
Azelis Finance from Antwerpen, company number BE0769621754, closed financial year 2023 with a result of € -12.2 million after tax. For that financial year Azelis Finance recorded revenue of € 6.2 million and equity of € 5.9 billion. Compared with financial year 2022, the result moved from € -484,149 to € -12.2 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 8, 2024.
€ 5.9 billion
▲ 3% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12.2 million
▼ 2421 % more loss than in 2022
Profit after tax over the fiscal year.
€ 270.6 million
▲ € 229.3 million vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 32.7 million.
People and assets in 2023
4.4
▲ 0.7 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 905,987
▼ 11% vs 2022
€ 205,900 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.
Debts at end 2023
€ 1.7 billion
▲ 37% vs 2022
Loans from banks and other lenders, long and short.
€ 78,621
▼ 90% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 5 days on average.
€ 380,447
▼ 3% vs 2022
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 608,976 | € 1,569,968 | € 6,178,281 | ▲ 294% |
| Profit after taxes | € 70,186,170 | € -484,149 | € -12,206,581 | ▼ € 11.7 million |
| Equity | € 6,086,170,763 | € 5,667,909,915 | € 5,855,703,334 | ▲ 3% |
| Total debts | € 870,350,694 | € 1,689,495,919 | € 1,761,807,531 | ▲ 4% |
| Cash | € 13,947,982 | € 41,333,630 | € 270,646,628 | ▲ € 229.3 million |
| Retained profit | € 463,170,785 | € 44,909,937 | € 32,703,356 | ▼ 27% |
| Dividend | € 7,015,385 | € 417,776,698 | € 0 | ▼ 100% |
| Bank debt | € 856,805,155 | € 1,258,721,738 | € 1,725,976,866 | ▲ 37% |
| Balance sheet total | € 6,956,521,456 | € 7,357,405,834 | € 7,617,510,865 | ▲ 4% |
| Employees (FTE) | 0.7 | 3.7 | 4.4 | ▲ 0.7 |
Key figures of Azelis Finance, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Azelis Finance?
What happened at Azelis Finance in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AU-R-ORA BV stepped down as director. NBB
- Cloudworks BV stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 12.2 million. Source: NBB ↗
- AU-R-ORA BV became a director. NBB
- Hans Joachim Müller stepped down as director. NBB
- Hans Joachim Müller became a director. NBB
- Cloudworks BV became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 70.2 million profit in 2021 to € 12.2 million loss in 2023.
Paid € 58,200 in corporate taxes since 2021.
Best year ever: 2021, with € 70.2 million profit.
Paid out € 424.8 million in dividends to the owners in total.
Management
It owns 100% of Azelis S.A. and 100% of Akita Topco S.à.r.l. itself.
Directors
According to the 2023 annual accounts
Hans Joachim Müller
Managing director
since 2021 · until 2023
Managing director · represented by Anna Bertona
Also active at: Azelis Products International, Azelis EMEA HUB, AZELIS BENELUX
since 2024 · until 2027
Managing director · represented by Thijs Bakker
Also active at: Azelis Products International, Azelis EMEA HUB
since 2021 · until 2025
Establishments
Establishment units
Physical locations of this company
Posthofbrug 12 box 6
2600 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0769.621.754
- VAT number
- BE 0769.621.754
- Registered office
- Posthofbrug 12 bus 6, 2600 Antwerpen
- Names & denominations
- Azelis Finance
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 2021
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Overige kredietverstrekking n.e.g.
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering