ACTIVE

AZADEH

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Financial year 2025 · closed on 31/12/2025

Net result

138,3 k €

-5.8% YoY

Revenue

391,6 k €

Equity

563 k €

-20.7% YoY

What does AZADEH do?

AZADEH is a Private limited company incorporated in 2005. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.910.504

Incorporation

05/07/2005

Legal form

Private limited company

Registered office

Rue Edith Cavell 136A
1180 Uccle · BruxellesSee on map

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	391,6 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	250,7 k €	+1.6%	246,8 k €	-8.8%	270,6 k €	+27.2%	212,8 k €	+11.3%	191,2 k €	+17.0%	163,4 k €	+11.0%	147,2 k €	+224%	45,5 k €	-22.1%	58,4 k €	-46.9%	109,8 k €	+38.7%	79,2 k €	-19.7%	98,5 k €	-16.2%	117,5 k €	+16.4%	101 k €	+25.6%	80,4 k €	-5.7%	85,3 k €	-36.7%	134,7 k €	+60.2%	84,1 k €	+1191%	6,5 k €	-59.1%	15,9 k €
Operating result	212,8 k €	+1.7%	209,2 k €	-9.3%	230,6 k €	+35.1%	170,6 k €	+7.6%	158,7 k €	+12.6%	140,9 k €	+12.0%	125,8 k €	+67.6%	75,1 k €	+109%	35,9 k €	-58.7%	86,8 k €	+63.2%	53,2 k €	-22.7%	68,8 k €	-21.5%	87,6 k €	+22.9%	71,3 k €	+41.2%	50,5 k €	+13.3%	44,5 k €	-25.9%	60,1 k €	-23.8%	78,8 k €	+10151%	-784,3 €	-178%	1 k €
Net result	138,3 k €	-5.8%	146,8 k €	-6.9%	157,7 k €	+31.3%	120,2 k €	+12.6%	106,7 k €	+10.7%	96,4 k €	+17.8%	81,8 k €	+121%	37 k €	+183%	13,1 k €	-20.4%	16,4 k €	+209%	-15,1 k €	-151%	29,4 k €	-32.6%	43,6 k €	+41.1%	30,9 k €	+111%	14,6 k €	+47.7%	9,9 k €	-77.4%	43,8 k €	-34.7%	67,1 k €	+7414%	-917 €	-634%	171,6 €
Balance sheet
Equity	563 k €	-20.7%	709,6 k €	+15.8%	613 k €	+34.6%	455,2 k €	+21.0%	376,4 k €	-11.0%	422,8 k €	+29.5%	326,4 k €	+33.5%	244,6 k €	+17.8%	207,5 k €	+6.7%	194,5 k €	+9.2%	178 k €	-7.8%	193,2 k €	+18.0%	163,8 k €	+36.3%	120,2 k €	+34.6%	89,3 k €	-14.5%	104,4 k €	+10.5%	94,5 k €	+144%	38,7 k €	+2240%	1,7 k €	-35.7%	2,6 k €
Total assets	924,9 k €	-14.7%	1,1 M €	+3.5%	1 M €	+10.4%	948,9 k €	+3.2%	919,4 k €	+36.9%	671,8 k €	+11.8%	601,1 k €	+10.5%	544 k €	+0.1%	543,6 k €	-5.7%	576,5 k €	-6.7%	618,2 k €	-2.2%	632,4 k €	-2.4%	648 k €	+4.4%	620,6 k €	-7.7%	672,4 k €	+3.5%	649,9 k €	+27.7%	509,1 k €	+473%	88,9 k €	+481%	15,3 k €	-50.1%	30,7 k €
Cash	56,9 k €	-10.4%	63,5 k €	-13.3%	73,2 k €	+227%	22,4 k €	+25.0%	17,9 k €	-74.8%	71 k €	-18.7%	87,3 k €	+192%	29,9 k €	-29.9%	42,7 k €	+202%	14,1 k €	-78.3%	65,2 k €	+63.7%	39,9 k €	+46.5%	27,2 k €	+177%	9,8 k €	-73.7%	37,3 k €	+6446%	570 €	-98.9%	54,1 k €	+13.7%	47,6 k €	+2253%	2 k €	-88.1%	17,1 k €
Debts	361,9 k €	-3.4%	374,7 k €	-13.7%	434 k €	-12.1%	493,6 k €	-8.8%	541,2 k €	+118%	248,6 k €	-9.5%	274,7 k €	-7.4%	296,7 k €	+5.0%	282,6 k €	-13.5%	326,8 k €	-14.9%	383,9 k €	+0.4%	382,3 k €	-10.3%	426,3 k €	-3.3%	440,7 k €	-16.1%	525,3 k €	-2.4%	538,5 k €	+31.3%	410,2 k €	+726%	49,6 k €	+264%	13,6 k €	-51.5%	28,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

AZADEH SATTARI

Director

Active

Ended mandates

SATTARI AZADEH

Manager · since 01 juillet 2005

Ended

SATTARI AZADEH

Mandate

Ended

SATTARI AZADEH

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/08/2026	25/08/2025	26/07/2024	24/07/2023	22/08/2022	20/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/06/2026	18/08/2026	French	PDF
Micro model	31/12/2024	20/06/2025	25/08/2025	French	PDF
Micro model	31/12/2023	21/06/2024	26/07/2024	French	PDF
Micro model	31/12/2022	16/06/2023	24/07/2023	French	PDF
Micro model	31/12/2021	17/06/2022	22/08/2022	French	PDF
Micro model	31/12/2020	18/06/2021	20/07/2021	French	PDF
Micro model	31/12/2019	19/06/2020	31/08/2020	French	PDF
Micro model	31/12/2018	21/06/2019	26/08/2019	French	PDF
Micro model	31/12/2017	15/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	18/07/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	25/08/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	23/07/2009	French	PDF
Abridged model	31/12/2007	20/06/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	15/01/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 3 ended

Active mandates

AZADEH SATTARI

Director

Active

Ended mandates

SATTARI AZADEH

Manager · since 01 juillet 2005

Ended

SATTARI AZADEH

Mandate

Ended

SATTARI AZADEH

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/12/2021
SIEGE SOCIAL
PDF
Mandates16/11/2020
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office07/09/2020
SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
PDF
Registered office30/03/2011
SIEGE SOCIAL
PDF
Mandates04/02/2009
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Other14/07/2005
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025138,3 k €↓
2024
Annual accounts 2024146,8 k €↓
2023
Annual accounts 2023157,7 k €↑
2022
Annual accounts 2022120,2 k €↑
2021
Annual accounts 2021106,7 k €↑
2020
Annual accounts 202096,4 k €↑
2019
Annual accounts 201981,8 k €↑
2018
Annual accounts 201837 k €↑
2017
Annual accounts 201713,1 k €↓
2016
Annual accounts 201616,4 k €↑
2015
Annual accounts 2015-15,1 k €↓
2014
Annual accounts 201429,4 k €↓
2013
Annual accounts 201343,6 k €↑
2012
Annual accounts 201230,9 k €↑
2011
Annual accounts 201114,6 k €↑
2010
Annual accounts 20109,9 k €↓
2009
Annual accounts 200943,8 k €↓
2008
Annual accounts 200867,1 k €↑
2007
Annual accounts 2007-917 €↓
2006
Annual accounts 2006171,6 €
05/07/2005
IncorporationPrivate limited company

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

AZADEH

Overview

What does AZADEH do?

Trend over 20 financial years

Indicative valuation

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