NORMAL SITUATION

AZULEO

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Financial year 2024 · closed on 31/12/2024

Net result

6,4 k €

+122.3% YoY

Gross margin

13,7 k €

-46.8% YoY

Equity

137,2 k €

-15.9% YoY

Company — Normal situation.

What does AZULEO do?

AZULEO is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.423.719

Legal form

Private company with limited liability

Contributed capital

6 197,33 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006		2005		2004
Income statement
Gross margin	13,7 k €	-46.8%	25,8 k €	+13.9%	22,7 k €	-27.2%	31,1 k €	+45.3%	21,4 k €	-38.7%	34,9 k €	-46.1%	64,8 k €	-13.3%	74,8 k €	+90.5%	39,2 k €	+27.6%	30,8 k €	-7.6%	33,3 k €	-2.0%	34 k €	+22.6%	27,7 k €	-29.2%	39,1 k €	+396%	-13,2 k €	-626%	2,5 k €	-50.3%	5,1 k €	-84.2%	32,1 k €	+1417%	-2,4 k €		–		–
EBITDA	12,5 k €	-49.7%	25 k €	+15.0%	21,7 k €	-27.9%	30,1 k €	+45.1%	20,7 k €	-39.7%	34,4 k €	-46.2%	64 k €	-12.8%	73,4 k €	+94.2%	37,8 k €	+28.7%	29,4 k €	-5.7%	31,1 k €	-4.4%	32,6 k €	+29.2%	25,2 k €	-32.8%	37,5 k €	+304%	-18,4 k €	-1553%	1,3 k €	-65.9%	3,7 k €	-87.1%	28,7 k €	+1157%	-2,7 k €		–		–
Operating result	-10,1 k €	-303%	5 k €	-65.1%	14,2 k €	-8.5%	15,5 k €	+188%	5,4 k €	-68.8%	17,2 k €	-60.4%	43,6 k €	-22.4%	56,2 k €	+92.0%	29,2 k €	+35.4%	21,6 k €	-9.6%	23,9 k €	-6.0%	25,4 k €	+42.0%	17,9 k €	-46.2%	33,2 k €	+277%	-18,8 k €	-2785%	699 €	-77.8%	3,1 k €	-88.9%	28,4 k €	+685%	-4,8 k €		–		–
Net result	6,4 k €	+122%	2,9 k €	-70.5%	9,7 k €	+10.5%	8,8 k €	+133%	3,8 k €	-68.4%	11,9 k €	-60.9%	30,5 k €	-14.8%	35,8 k €	+82.9%	19,6 k €	+52.8%	12,8 k €	-2.8%	13,2 k €	-27.2%	18,1 k €	+12.5%	16,1 k €	-39.9%	26,8 k €	+226%	-21,2 k €	-764%	-2,5 k €	-1014%	269 €	-99.0%	26,4 k €	+573%	-5,6 k €		–		–
Balance sheet
Equity	137,2 k €	-15.9%	163,2 k €	-14.7%	191,5 k €	+5.3%	181,7 k €	+5.1%	173 k €	+2.2%	169,2 k €	+7.6%	157,3 k €	+24.1%	126,7 k €	+39.4%	90,9 k €	+27.5%	71,3 k €	+21.9%	58,5 k €	+29.1%	45,3 k €	+66.7%	27,2 k €	+146%	11,1 k €	+170%	-15,8 k €	-387%	5,5 k €	-30.9%	7,9 k €	+3.5%	7,7 k €	+156%	-13,7 k €	-68.6%	-8,1 k €	0.0%	-8,1 k €
Total assets	166,9 k €	-8.2%	181,8 k €	-15.2%	214,3 k €	+16.0%	184,8 k €	-0.0%	184,9 k €	-16.2%	220,6 k €	+9.8%	201 k €	+32.6%	151,6 k €	+46.5%	103,5 k €	+23.9%	83,5 k €	+15.0%	72,6 k €	+23.2%	59 k €	+48.5%	39,7 k €	+42.0%	28 k €	+1406%	1,9 k €	-92.6%	25,1 k €	+36.1%	18,4 k €	+16.8%	15,8 k €	+52497%	30 €	-98.7%	2,3 k €	0.0%	2,3 k €
Cash	129,6 k €	+476%	22,5 k €	-13.9%	26,1 k €	-56.5%	60,1 k €	-21.6%	76,7 k €	-24.7%	101,9 k €	+39.2%	73,2 k €	+37.9%	53,1 k €	-8.4%	58 k €	+30.4%	44,5 k €	+2.3%	43,5 k €	+597%	6,2 k €	+1280%	452 €	+1313%	32 €	+3.2%	31 €	0.0%	31 €	0.0%	31 €	-99.7%	11,8 k €	+39397%	30 €	+7.1%	28 €	0.0%	28 €
Debts	24,7 k €	+32.6%	18,6 k €	-18.7%	22,9 k €	+644%	3,1 k €	-74.2%	11,9 k €	-76.8%	51,4 k €	+17.7%	43,7 k €	+76.0%	24,8 k €	+97.8%	12,6 k €	+2.9%	12,2 k €	-13.7%	14,1 k €	+3.4%	13,7 k €	+9.1%	12,5 k €	-25.9%	16,9 k €	-4.0%	17,6 k €	-10.2%	19,6 k €	+86.8%	10,5 k €	+29.5%	8,1 k €	-41.0%	13,7 k €	+31.4%	10,4 k €	0.0%	10,4 k €

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Cédric Genbrugge

Director

Active

Ended mandates

Andrée De Coster

Manager

Ended

Emmanuel Genbrugge

Director

Ended

Emmanuel Genbrugge

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/06/2025	29/07/2024	13/08/2023	27/06/2022	06/07/2021	20/07/2020
General meeting	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021	11/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

30 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	12/05/2025	20/06/2025	Dutch	PDF
Micro model	31/12/2023	13/05/2024	29/07/2024	Dutch	PDF
Micro model	31/12/2022	08/05/2023	13/08/2023	Dutch	PDF
Micro model	31/12/2021	09/05/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	10/05/2021	06/07/2021	Dutch	PDF
Micro model	31/12/2019	11/05/2020	20/07/2020	Dutch	PDF
Micro model	31/12/2018	13/05/2019	23/08/2019	Dutch	PDF
Micro model	31/12/2017	14/05/2018	16/07/2018	Dutch	PDF
Micro model	31/12/2016	08/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	09/05/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	11/05/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	12/05/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	13/05/2013	01/08/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	09/05/2011	18/08/2011	Dutch	PDF
Abridged model	31/12/2009	10/05/2010	03/06/2010	Dutch	PDF
Abridged model	31/12/2008	11/05/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	12/05/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/05/2007	04/06/2007	Dutch	PDF
Abridged model	31/12/2005	08/05/2007	10/05/2007	Dutch	PDF
Abridged model	31/12/2004	08/05/2007	10/05/2007	Dutch	PDF
Abridged model	31/12/2003	28/07/2004	15/09/2004	Dutch	PDF
Abridged model	31/12/2002	30/06/2003	23/09/2003	Dutch	PDF
Abridged model	31/12/2001	25/09/2002	17/09/2003	Dutch	PDF

View all 30 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Cédric Genbrugge

Director

Active

Ended mandates

Andrée De Coster

Manager

Ended

Emmanuel Genbrugge

Director

Ended

Emmanuel Genbrugge

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution21/10/2025
BV(BA): ontbinding en sluiting vereffening
PDF
Mandates30/12/2024
BENOEMING BESTUURDER
PDF
Mandates22/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2007
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 20246,4 k €↑
2023
Annual accounts 20232,9 k €↓
2022
Annual accounts 20229,7 k €↑
2021
Annual accounts 20218,8 k €↑
2020
Annual accounts 20203,8 k €↓
2019
Annual accounts 201911,9 k €↓
2018
Annual accounts 201830,5 k €↓
2017
Annual accounts 201735,8 k €↑
2016
Annual accounts 201619,6 k €↑
2015
Annual accounts 201512,8 k €↓
2014
Annual accounts 201413,2 k €↓
2013
Annual accounts 201318,1 k €↑
2012
Annual accounts 201216,1 k €↓
2011
Annual accounts 201126,8 k €↑
2010
Annual accounts 2010-21,2 k €↓
2009
Annual accounts 2009-2,5 k €↓
2008
Annual accounts 2008269 €↓
2007
Annual accounts 200726,4 k €↑
2006
Annual accounts 2006-5,6 k €
2005
Annual accounts 2005
2004
Annual accounts 2004

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AZULEO

Overview

What does AZULEO do?

Trend over 21 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline