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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
IMMO AZUR from Châtelet, company number BE0869804938, closed financial year 2025 with a result of € -61,405 after tax. For that financial year IMMO AZUR recorded revenue of € 120,000 and equity of € -1.9 million. Compared with financial year 2024, the result moved from € -67,007 to € -61,405. 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 December 30, 2025.
€ -1.9 million
▼ € 61,405 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -61,405
▲ 8 % less loss than in 2024
Profit after tax over the fiscal year.
€ 115,647
▲ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.4 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 119
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 120,000 | € 120,000 | € 120,000 | € 120,000 | |
| Gross margin | € -1,058 | € 80,549 | € 56,634 | € 62,091 | ▲ 10% |
| Profit after taxes | € -129,982 | € -35,920 | € -67,007 | € -61,405 | ▲ € 5,602 |
| Equity | € -1,780,641 | € -1,816,561 | € -1,883,568 | € -1,944,973 | ▼ € 61,405 |
| Total debts | € 3,688,453 | € 3,712,550 | € 3,694,916 | € 3,688,252 | |
| Cash | € 18,404 | € 14,623 | € 71,194 | € 115,647 | ▲ 62% |
| Land & buildings | € 1,879,080 | € 1,818,049 | € 1,740,154 | € 1,627,633 | ▼ 6% |
| Retained profit | € -3,280,641 | € -3,316,561 | € -3,383,568 | € -3,444,973 | ▼ € 61,405 |
| Balance sheet total | € 1,907,812 | € 1,895,989 | € 1,811,348 | € 1,743,280 | ▼ 4% |
Key figures of IMMO AZUR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to IMMO AZUR?
What happened at IMMO AZUR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Maxime GROSJEAN stepped down as director. NBB
- CBPII SA stepped down as director. NBB
- Aurore GROSJEAN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 61,405. Source: NBB ↗
- Maxime GROSJEAN became a director. NBB
- CBPII SA became a director. NBB
- Aurore GROSJEAN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 129,982 loss in 2022 to € 61,405 loss in 2025.
A new publication or filing at IMMO AZUR? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO AZURThe shares are held by COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES (100%).
Directors
According to the 2025 annual accounts
Maxime GROSJEAN
Director
Also active at: Rivage et Entrepôts de Châtelineau, COMETSAMBRE, RECYMET, RECYCAR, COMET TYRE RECYCLING, COMET TRAITEMENTS, MG MANAGEMENT CONSULTING, COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES +2 more
since 2021 · until 2027
Managing director · represented by Philippe GROSJEAN
Also active at: Rivage et Entrepôts de Châtelineau, COMETSAMBRE, ACIERS GROSJEAN, RECYMET, RECYCAR, FERUTIL, COMET TYRE RECYCLING, COMET TRAITEMENTS +2 more
since 2021 · until 2027
Aurore GROSJEAN
Director
Also active at: Rivage et Entrepôts de Châtelineau, ACOZ FERS ET METAUX, GROSJEAN ET FILS, COMETSAMBRE, ACIERS GROSJEAN, RECYMET, BRICOFER, RECYCAR +7 more
since 2021 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rivage de Boubier 25
6200 Châtelet
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Rivage et Entrepôts de Châtelineau same network
€ -294 gross margin · 2025
TERCOBEL
€ -613 gross margin · 2025
COMETSAMBRE same network
€ 247.5 million revenue · 2025
RECYMET same network
€ 35.9 million revenue · 2025
COMET TYRE RECYCLING same network
€ 2.1 million gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0869.804.938
- VAT number
- BE 0869.804.938
- Registered office
- Rivage de Boubier 25, 6200 Châtelet
- Names & denominations
- IMMO AZUR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 November 2004
- Peppol
- Not registered