ACTIVE

AZAR

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Financial year 2025 · closed on 31/12/2025
Net result
240,9 k €
+395.7% YoY
Gross margin
479,2 k €
+82.2% YoY
Equity
1,3 M €
+23.6% YoY

What does AZAR do?

AZAR is a Private limited company incorporated in 2003. Its main activity is: Development of building projects. Its registered office is in Molenbeek-Saint-Jean.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0861.995.943
Incorporation
03/12/2003
Legal form
Private limited company
Registered office
Boulevard Léopold II 33
1080 Molenbeek-Saint-Jean · BruxellesSee on map
Contributed capital
118 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate70111Activities of head offices
Joint committees (1)
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120192018201720152014201320122011201020092008
Income statement
Gross margin479,2 k €263 k €334,7 k €265,3 k €760,6 k €734,9 k €645,8 k €731,9 k €196,7 k €216,7 k €326,8 k €993 k €-175,8 k €95,5 k €77 k €141,9 k €
EBITDA463,4 k €247,3 k €265,2 k €231,2 k €480,6 k €656,4 k €55,9 k €670,5 k €167,6 k €194 k €278,6 k €631,6 k €-180,8 k €63,5 k €68,2 k €127 k €
Operating result378,8 k €142,3 k €159,3 k €103,7 k €245,5 k €518,3 k €-151,6 k €361,6 k €114,2 k €141,4 k €79,3 k €610,4 k €-216,6 k €26,8 k €34,3 k €100,7 k €
Net result240,9 k €48,6 k €69,9 k €27,8 k €78,2 k €436,9 k €-216,3 k €142,5 k €99 k €224,9 k €34,2 k €421,6 k €-273 k €2,3 k €4,8 k €2,8 k €
Balance sheet
Equity1,3 M €1 M €970,3 k €900,4 k €872,6 k €794,4 k €357,5 k €573,7 k €451,2 k €378,3 k €234,4 k €200,3 k €-221,3 k €51,6 k €49,4 k €44,5 k €
Total assets2,6 M €2,6 M €2,6 M €3 M €3 M €2,8 M €3,4 M €3,9 M €2,6 M €3,3 M €3,1 M €2,6 M €2,3 M €2,3 M €1,7 M €1,3 M €
Cash23,6 k €23 k €138,4 k €413,1 k €588,5 k €668,9 k €132 k €27,4 k €467 k €121,2 k €47,1 k €428,3 k €452,6 k €365,8 k €360,5 k €4,2 k €
Debts1,2 M €1,5 M €1,5 M €2 M €2 M €1,8 M €2,7 M €2,7 M €1,5 M €2,2 M €1,8 M €1,7 M €2,3 M €2 M €1,3 M €1,3 M €
Other
Workforce––0,2 ETP0,6 ETP0,6 ETP–––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

Farid Azarkan

Director

Active

Ended mandates

Farid Azarkan

Manager · since 01 octobre 2018 · until 31 décembre 2019

Ended
Farid Azarkan

Manager · since 01 octobre 2017 · until 30 septembre 2018

Ended
Farid Azarkan

Manager · since 01 janvier 2016 · until 30 septembre 2017

Ended
Farid Azarkan

Manager · since 01 janvier 2015 · until 31 décembre 2015

Ended
At this address

Other companies at this address

CompanyCBE no.
Association des copropriétaires de l'immeuble à 1080 Molenbeek-Saint-Jean, boulevard Léopold II, 33● Active
1030.854.929
AZAMOB● Active
0544.851.572
FAKANE● Active
0833.089.250
MAZ CONSTRUCT● Active
0661.966.503
NEKUTA● Active
0778.748.563
Annual accounts

Full financial information

202520242023202220212019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/10/202201/10/202101/01/202001/10/2018
Closing of the financial year31/12/202531/12/202431/12/202330/09/202230/09/202131/12/2019
Length of the financial year12 months12 months15 months12 months21 months15 months
Filing date06/08/202611/08/202521/08/202412/05/202330/05/202203/06/2020
General meeting12/06/202613/06/202514/06/202401/03/202311/03/202229/05/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202606/08/2026FrenchPDF
Abridged model31/12/202413/06/202511/08/2025FrenchPDF
Abridged model31/12/202314/06/202421/08/2024FrenchPDF
Abridged model30/09/202201/03/202312/05/2023FrenchPDF
Abridged model30/09/202111/03/202230/05/2022FrenchPDF
Abridged model31/12/201929/05/202003/06/2020FrenchPDF
Abridged model30/09/201808/03/201908/05/2019FrenchPDF
Abridged model30/09/201709/03/201817/05/2018FrenchPDF
Abridged model31/12/201510/06/201630/09/2016FrenchPDF
Abridged model31/12/201412/06/201517/11/2015FrenchPDF
Abridged model31/12/201313/06/201429/09/2014FrenchPDF
Abridged model31/12/201214/06/201314/10/2013FrenchPDF
Abridged model31/12/201108/06/201220/08/2012FrenchPDF
Abridged model31/12/201030/06/201109/02/2012FrenchPDF
Abridged model31/12/200930/06/201012/10/2010FrenchPDF
Abridged model31/12/200830/06/200910/12/2009FrenchPDF
Abridged model31/12/200730/06/200829/10/2008FrenchPDF
Abridged model31/12/200609/06/200726/10/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2025 · 1 active · 11 ended

Active mandates

Farid Azarkan

Director

Active

Ended mandates

Farid Azarkan

Manager · since 01 octobre 2018 · until 31 décembre 2019

Ended
Farid Azarkan

Manager · since 01 octobre 2017 · until 30 septembre 2018

Ended
Farid Azarkan

Manager · since 01 janvier 2016 · until 30 septembre 2017

Ended
Farid Azarkan

Manager · since 01 janvier 2015 · until 31 décembre 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other19/02/2024
    ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other11/03/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates05/11/2019
    DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office27/11/2018
    SIEGE SOCIAL
    PDF
  • Other08/02/2017
    ANNEE COMPTABLE
    PDF
  • Mandates13/04/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring04/02/2016
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates04/01/2016
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025240,9 k €↑
  2. 2024
    Annual accounts 202448,6 k €↓
  3. 2023
    Annual accounts 202369,9 k €↑
  4. 2022
    Annual accounts 202227,8 k €↓
  5. 2021
    Annual accounts 202178,2 k €↓
  6. 2019
    Annual accounts 2019436,9 k €↑
  7. 2018
    Annual accounts 2018-216,3 k €↓
  8. 2017
    Annual accounts 2017142,5 k €↑
  9. 2015
    Annual accounts 201599 k €↓
  10. 2014
    Annual accounts 2014224,9 k €↑
  11. 2013
    Annual accounts 201334,2 k €↓
  12. 2012
    Annual accounts 2012421,6 k €↑
  13. 2011
    Annual accounts 2011-273 k €↓
  14. 2010
    Annual accounts 20102,3 k €↓
  15. 2009
    Annual accounts 20094,8 k €↑
  16. 2008
    Annual accounts 20082,8 k €
  17. 03/12/2003
    IncorporationPrivate limited company