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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Azulatis from Deerlijk, company number BE0795326754, closed financial year 2025 with a result of € -88,862 after tax. For that financial year Azulatis recorded a gross margin of € 5.7 million and equity of € 19.7 million. Compared with financial year 2024, the result moved from € -2 million to € -88,862. 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 June 17, 2026.
€ 19.7 million
▲ 125% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -88,862
▲ 96 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ 250% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.9 million.
People and assets in 2025
26.2
▼ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.1 million
▼ 14% vs 2024
€ 117,400 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 2025
None
No bank loans on the last day of the fiscal year.
€ 1.4 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 859,547
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 21,053,056 | - | - | |
| Gross margin | - | € 4,682,232 | € 5,657,481 | ▲ 21% |
| Profit after taxes | € -1,781,390 | € -2,039,483 | € -88,862 | ▲ € 2 million |
| Equity | € 10,773,610 | € 8,734,127 | € 19,658,281 | ▲ 125% |
| Total debts | € 8,839,094 | € 11,424,772 | € 3,770,285 | ▼ 67% |
| Cash | € 201,390 | € 319,903 | € 1,118,360 | ▲ 250% |
| Land & buildings | € 12,710,889 | € 14,754,049 | € 14,399,606 | ▼ 2% |
| Retained profit | € -1,781,390 | € -3,820,873 | € -3,909,735 | ▼ € 88,862 |
| Balance sheet total | € 19,612,703 | € 20,158,898 | € 23,428,566 | ▲ 16% |
| Employees (FTE) | 27.4 | 30.2 | 26.2 | ▼ 4 |
By gross margin, Azulatis ranks 1st of 6 companies with main activity “Winning, behandeling en distributie van water” in West Flanders that publish figures (fiscal year 2025).
Key figures of Azulatis, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about Azulatis the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to Azulatis?
What happened at Azulatis in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc Asselman stepped down as director. NBB
- Tinc NV stepped down as director. NBB
- Lien Callens stepped down as director. NBB
- Stéphanie Dobbelaere stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 88,862. Source: NBB ↗
- Capital increase of € 11 million, published in the Gazette. Source: Staatsblad ↗
- Luc Asselman became a director. NBB
- Tinc NV became a director. NBB
In short
From € 1.8 million loss in 2023 to € 88,862 loss in 2025.
Paid € 10,922 in corporate taxes since 2023.
On average € 215,900 of value added per employee in 2025.
Management
The shares are held by Vlaamse Maatschappij voor Watervoorziening (51%) and Tinc (49%).
Directors
According to the 2025 annual accounts
Luc Asselman
Director
since 2025 · until 2031
Director · represented by Filip Audenaert
Also active at: Storm Genk, VIA BRUGGE, Storm Melsele, Storm Gent 2, Storm Holding 4, OBELISC, T&D Invest, DCU Invest +17 more
since 2025 · until 2031
Lien Callens
Director
since 2025 · until 2031
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oudenaardse heerweg 72
8540 Deerlijk
Dellestraat 18
3560 Lummen
Active since 15 March 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in West Flanders
Same main activity (Winning, behandeling en distributie van water), 22 active companies in West Flanders, largest first.
Intercommunale Waterleidingsmaatschappij van Veurne Ambacht
€ 26.5 million revenue · 2025 · Koksijde
Autonoom Gemeentebedrijf "Stadsontwikkeling Knokke-Heist"
€ 23.5 million revenue · 2025 · Knokke-Heist
€ 22.5 million revenue · 2025 · Koekelare
€ 19 million revenue · 2025 · Deerlijk
€ 164,025 gross margin · 2024 · Oostkamp
€ 113,637 gross margin · 2024 · Kuurne
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Vlaamse Maatschappij voor Watervoorziening(oprichter) 100%
Details
- Company number
- 0795.326.754
- VAT number
- BE 0795.326.754
- Registered office
- Oudenaardse heerweg 72, 8540 Deerlijk
- Names & denominations
- Azulatis
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2022
- Peppol
- Active · Active since 26 Sept 2025
- Contact
- [email protected]
- Activities · NACE
Winning, behandeling en distributie van water
Vervaardiging van frisdranken en water in flessen
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