ACTIVE

AZARO

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Financial year 2025 · closed on 31/01/2025

Net result

12,5 k €

-64.4% YoY

Gross margin

578,9 k €

+8.2% YoY

Equity

658,2 k €

+1.9% YoY

Workforce

7,5 ETP

-26.5% YoY

What does AZARO do?

AZARO is a Private company with limited liability incorporated in 2000. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Knokke-Heist. It employs on average 7,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.398.809

Incorporation

14/07/2000

Legal form

Private company with limited liability

Registered office

Dorpsstraat 1 box 11
8300 Knokke-Heist · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/01/2025

Average workforce

7,5 ETP

Activities (NACE)

47712Retail sale of clothing in specialised stores· main 47712Retail sale of clothing in specialised stores 47716Retail sale of clothing in specialised stores 47716Retail sale of clothing in specialised stores 52410Warehousing and support activities for transportation 52422Warehousing and support activities for transportation+8

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	578,9 k €	+8.2%	535 k €	+2.7%	521,1 k €	+80.1%	289,4 k €	+155%	113,4 k €	-66.5%	338,2 k €	-55.2%	755,7 k €	-2.1%	771,9 k €	+19.6%	645,1 k €	+4.5%	617,6 k €	-11.8%	699,9 k €	+6.9%	654,8 k €	-33.2%	979,7 k €	+48.5%	659,7 k €	+12.0%	588,9 k €	-29.1%	830,5 k €
EBITDA	240,2 k €	+17.6%	204,3 k €	-21.3%	259,4 k €	+199%	86,9 k €	+2088%	-4,4 k €	-107%	61 k €	-84.6%	395,4 k €	+116%	183,2 k €	-20.9%	231,5 k €	+39.1%	166,5 k €	-25.4%	223 k €	+57.6%	141,5 k €	-71.8%	502,4 k €	+183%	177,7 k €	-5.4%	187,8 k €	-33.6%	282,8 k €
Operating result	84,4 k €	-0.4%	84,8 k €	-47.0%	160 k €	+786%	18,1 k €	+112%	-154,3 k €	-92.7%	-80,1 k €	-129%	277,9 k €	+625%	38,4 k €	-63.6%	105,5 k €	+425%	20,1 k €	+15.6%	17,4 k €	+601%	-3,5 k €	-101%	354,2 k €	+552%	54,4 k €	-1.0%	54,9 k €	-37.1%	87,3 k €
Net result	12,5 k €	-64.4%	35,2 k €	-78.3%	161,8 k €	+566%	24,3 k €	+117%	-145,7 k €	-118%	-66,7 k €	-133%	200,8 k €	+366%	43,1 k €	-33.9%	65,1 k €	+710%	8 k €	+181%	-9,9 k €	-13145%	76 €	-100.0%	208,2 k €	+31443%	660 €	-82.1%	3,7 k €	+596%	529 €
Balance sheet
Equity	658,2 k €	+1.9%	645,7 k €	+5.8%	610,5 k €	+36.1%	448,7 k €	+5.7%	424,4 k €	-25.6%	570,1 k €	-10.5%	636,9 k €	+50.8%	422,4 k €	+11.4%	379,4 k €	+20.7%	314,2 k €	+2.6%	306,2 k €	-3.1%	316,1 k €	+0.0%	316 k €	+193%	107,9 k €	+0.6%	107,2 k €	-5.6%	113,5 k €
Total assets	2,1 M €	+5.6%	2 M €	+6.9%	1,9 M €	-0.7%	1,9 M €	-23.5%	2,4 M €	+16.3%	2,1 M €	+7.1%	2 M €	-17.5%	2,4 M €	-12.7%	2,7 M €	-5.5%	2,9 M €	-10.5%	3,2 M €	-5.0%	3,4 M €	+25.6%	2,7 M €	+18.3%	2,3 M €	-3.6%	2,4 M €	+5.2%	2,2 M €
Cash	32,1 k €	-22.3%	41,3 k €	-42.8%	72,2 k €	-14.3%	84,2 k €	+95.4%	43,1 k €	-45.7%	79,4 k €	+570%	11,9 k €	-87.2%	93 k €	-55.9%	210,6 k €	+25.5%	167,8 k €	+0.2%	167,5 k €	+112%	79,2 k €	-44.5%	142,7 k €	+30.4%	109,4 k €	+90.5%	57,4 k €	-24.1%	75,7 k €
Debts	1,4 M €	+7.7%	1,3 M €	+8.4%	1,2 M €	-12.0%	1,4 M €	-30.0%	2 M €	+34.3%	1,5 M €	+18.0%	1,2 M €	-34.4%	1,9 M €	-18.4%	2,3 M €	-9.9%	2,6 M €	-11.9%	2,9 M €	-5.2%	3,1 M €	+29.0%	2,4 M €	+9.6%	2,2 M €	-3.5%	2,2 M €	+5.4%	2,1 M €
Other
Workforce	7,5 ETP	-26.5%	10,2 ETP	+41.7%	7,2 ETP	-2.7%	7,4 ETP	0.0%	7,4 ETP	-33.3%	11,1 ETP	-31.5%	16,2 ETP	0.0%	16,2 ETP	+12.5%	14,4 ETP	+3.6%	13,9 ETP	-11.5%	15,7 ETP	+1.9%	15,4 ETP	0.0%	15,4 ETP	-8.3%	16,8 ETP	0.0%	16,8 ETP	+15.1%	14,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/01/2025 · 1 active · 28 ended

Active mandates

HOME INVEST

Director · since 30 juin 2020 · 0462.289.231

Represented by Franky Verstuyf

Active

Ended mandates

HOME INVEST

Chairman of the board of directors · since 01 février 2023 · 0462.289.231

Represented by Franky Verstuyf

Ended

HOME INVEST

Chairman of the board of directors · since 01 février 2022 · 0462.289.231

Represented by Franky Verstuyf

Ended

HOME INVEST

Chairman of the board of directors · since 01 février 2021 · 0462.289.231

Represented by Franky Verstuyf

Ended

HOME INVEST

Chairman of the board of directors · since 01 février 2020 · 0462.289.231

Represented by Franky Verstuyf

Ended

At this address

Other companies at this address

Company	CBE no.
Bouwonderneming Ceuterick● Active	0440.133.243
Ceuterick Invest● Active	0892.032.586
TORQUENT● Active	0830.244.180

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/02/2024	01/02/2023	01/02/2022	01/02/2021	01/02/2020	01/02/2019
Closing of the financial year	31/01/2025	31/01/2024	31/01/2023	31/01/2022	31/01/2021	31/01/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	24/10/2024	26/09/2023	29/09/2022	25/05/2021	26/10/2020
General meeting	15/07/2025	16/07/2024	18/07/2023	19/07/2022	28/04/2021	25/08/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/01/2025	15/07/2025	30/09/2025	Dutch	PDF
Abridged model	31/01/2024	16/07/2024	24/10/2024	Dutch	PDF
Abridged model	31/01/2023	18/07/2023	26/09/2023	Dutch	PDF
Abridged model	31/01/2022	19/07/2022	29/09/2022	Dutch	PDF
Abridged model	31/01/2021	28/04/2021	25/05/2021	Dutch	PDF
Abridged model	31/01/2020	25/08/2020	26/10/2020	Dutch	PDF
Abridged model	31/01/2019	16/07/2019	25/07/2019	Dutch	PDF
Abridged model	31/01/2018	17/07/2018	27/08/2018	Dutch	PDF
Abridged model	31/01/2017	18/07/2017	19/07/2017	Dutch	PDF
Abridged model	31/01/2016	31/05/2016	09/06/2016	Dutch	PDF
Abridged model	31/01/2015	16/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/01/2014	25/03/2014	04/06/2014	Dutch	PDF
Abridged model	31/01/2013	26/03/2013	26/06/2013	Dutch	PDF
Abridged model	31/01/2012	27/03/2012	17/07/2012	Dutch	PDF
Abridged model	31/01/2011	29/03/2011	10/05/2011	Dutch	PDF
Abridged model	31/01/2010	30/03/2010	26/05/2010	Dutch	PDF
Abridged model	30/09/2008	15/12/2008	22/01/2009	Dutch	PDF
Abridged model	30/09/2007	25/03/2008	02/04/2008	Dutch	PDF
Abridged model	30/09/2006	27/03/2007	28/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 31/01/2025 · 1 active · 28 ended

Active mandates

HOME INVEST

Director · since 30 juin 2020 · 0462.289.231

Represented by Franky Verstuyf

Active

Ended mandates

HOME INVEST

Chairman of the board of directors · since 01 février 2023 · 0462.289.231

Represented by Franky Verstuyf

Ended

HOME INVEST

Chairman of the board of directors · since 01 février 2022 · 0462.289.231

Represented by Franky Verstuyf

Ended

HOME INVEST

Chairman of the board of directors · since 01 février 2021 · 0462.289.231

Represented by Franky Verstuyf

Ended

HOME INVEST

Chairman of the board of directors · since 01 février 2020 · 0462.289.231

Represented by Franky Verstuyf

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office19/09/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/06/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/05/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other15/10/2009
BOEKJAAR
PDF
Registered office01/09/2008
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/03/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/04/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR
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

2025
Annual accounts 202512,5 k €↓
2024
Annual accounts 202435,2 k €↓
2023
Annual accounts 2023161,8 k €↑
2022
Annual accounts 202224,3 k €↑
2021
Annual accounts 2021-145,7 k €↓
2020
Annual accounts 2020-66,7 k €↓
2019
Annual accounts 2019200,8 k €↑
2018
Annual accounts 201843,1 k €↓
2017
Annual accounts 201765,1 k €↑
2016
Annual accounts 20168 k €↑
2015
Annual accounts 2015-9,9 k €↓
2014
Annual accounts 201476 €↓
2013
Annual accounts 2013208,2 k €↑
2012
Annual accounts 2012660 €↓
2011
Annual accounts 20113,7 k €↑
2010
Annual accounts 2010529 €
14/07/2000
IncorporationPrivate company with limited liability

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

AZARO

Overview

What does AZARO do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

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