{
 "as_of": "2026-11-11",
 "cmr": "be-cm-kg/XBRU/BE0974400328",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# AZELIS GROUP NV (Euronext Brussels: BE0974400328) — research page\n\nAs of 2026-11-11 · be-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is AZELIS GROUP NV, listed on Euronext Brussels under ticker BE0974400328, with ISIN BE0974400328 and LEI 699400M9RRMTV264FM70. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 48 filings in the twelve months to 2026-11-11, across 37 filing days. The median gap between filing days is 6.0 days. The latest filing is dated 2026-10-22 and is of type Quarterly information, 20 days before the record date. The exchange median for Euronext Brussels is 19.0 days of cadence across 115 issuers, with 13 filings and 21.5 days of latency. The sector median is not on the record.\n\n## Auditor\n\nThe auditor of record is not on the record, and its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The issuer is listed and not halted.\n\n## Orderability\n\nThe outcome cannot be determined, because the chapter's orderability section carries no client categories. The rule version is acm-68000/be/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 12 research houses: ABN AMRO, Barclays, Degroof Petercam, Deutsche Bank AG, Exane BNP Paribas, Goldman Sachs, ING, Jefferies, JP Morgan, Kepler Cheuvreux, Morgan Stanley and UBS.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, and the earliest sealed date of the market and the start of the live record are not on the record.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.be-cm-kg.ai/events/XBRU/BE0974400328 (the disclosure lines)\n- https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current) (the halt flag)\n- https://be.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.azelis.com/en/analyst-coverage (coverage)\n- https://mcp.be-cm-kg.ai/record/XBRU/BE0974400328 (the record)\n",
 "market": "BE",
 "node": "be-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the BE vintage is not sealed; the record is the live record as of 2026-11-11",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "BE",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "BE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "BE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "be-cm-kg/XBRU/BE0974400328",
  "coverage": {
   "count": 12,
   "houses": [
    {
     "analyst": "Usama Tariq",
     "house": "ABN AMRO",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Anil Shenoy",
     "house": "Barclays",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Luuk van Beek",
     "house": "Degroof Petercam",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Tristan Lamotte",
     "house": "Deutsche Bank AG",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "David Symonds",
     "house": "Exane BNP Paribas",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Suhasini Varansi",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Stijn Demeester",
     "house": "ING",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "David Kerstens",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Chetan Udeshi",
     "house": "JP Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Philip Ngotho",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Annelies Vermeulen",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Rory McKenzie, Nicole Manion, Abi Bell",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.azelis.com/en/analyst-coverage",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.azelis.com/en/analyst-coverage",
     "result": "read: 12 of 14 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 115,
     "median_cadence_gap_days": 19,
     "median_filings": 13,
     "median_latency_days": 21.5,
     "name": "Euronext Brussels"
    },
    "sector": {
     "market": "BE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "Announcement of acquisition of own shares": 1,
    "Announcement of dividend or payment of interest": 1,
    "Announcement of notification of major shareholding": 35,
    "Annual announcement": 1,
    "Annual financial report": 1,
    "Changes in the rights of holders of securities": 1,
    "Half-yearly financial report": 1,
    "Inside information": 1,
    "Minutes of extraordinary general meeting": 1,
    "Minutes of ordinary general meeting": 1,
    "Notice of extraordinary general meeting": 1,
    "Notice of ordinary general meeting": 1,
    "Quarterly information": 2
   },
   "cadence_median_gap_days": 6,
   "filing_days": 37,
   "filings": 48,
   "latency_days": 20,
   "latest": [
    {
     "category": "Quarterly information",
     "date": "2026-10-22",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=b980f75e-c22e-451c-ba08-4b5591b80370",
     "title": "Azelis Group NV - Q3 2026 Trading Update EN.pdf",
     "type": "Quarterly information"
    },
    {
     "category": "Announcement of notification of major shareholding",
     "date": "2026-10-19",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=7a99c0cf-4a0e-4c21-aadc-22385f578c85",
     "title": "20261019_ Press Release Transparency Declaration UBS (Eng).pdf",
     "type": "Announcement of notification of major shareholding"
    },
    {
     "category": "Announcement of notification of major shareholding",
     "date": "2026-10-09",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=28467e23-2fff-4273-8b8d-c7fcb4801af2",
     "title": "20261009_ Press Release Transparency Declaration UBS (Eng).pdf",
     "type": "Announcement of notification of major shareholding"
    },
    {
     "category": "Announcement of notification of major shareholding",
     "date": "2026-10-08",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=d0563828-91c8-4622-b28e-aa100fd4d93b",
     "title": "20261008_ Press Release Transparency Declaration UBS (Eng).pdf",
     "type": "Announcement of notification of major shareholding"
    },
    {
     "category": "Announcement of notification of major shareholding",
     "date": "2026-09-21",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=3afa6436-459e-4993-816d-2e9f25353386",
     "title": "20260921_ Press Release Transparency Declaration UBS (Eng).pdf",
     "type": "Announcement of notification of major shareholding"
    }
   ],
   "latest_filing_date": "2026-10-22",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.be-cm-kg.ai/events/XBRU/BE0974400328",
   "window": {
    "from": "2025-11-11",
    "to": "2026-11-11"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Euronext Brussels"
   },
   "isin": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "BE0974400328"
   },
   "jurisdiction": {
    "market": "BE",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-12",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN BE0974400328)",
    "state": "sourced",
    "value": "699400M9RRMTV264FM70"
   },
   "name": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "AZELIS GROUP NV"
   },
   "sector": {
    "market": "BE",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "BE",
    "state": "not_on_record"
   },
   "segment": {
    "market": "BE",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "BE0974400328"
   },
   "website": {
    "market": "BE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "BE",
  "node": "be-cm-kg",
  "numbers_hash": "sha256:1d2a5099a243b1e210d22ff194b6aab2b8953a93d10ed470eae3e424ca659dcd",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://be.eu-cm-kg.ai/book/aio.json",
    "door": "https://be.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/be/mifid-ii-product-governance/r1",
   "section": "be.aio.v6"
  },
  "record": {
   "as_of": "2026-11-11",
   "url": "https://mcp.be-cm-kg.ai/record/XBRU/BE0974400328",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-12",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:1d2a5099a243b1e210d22ff194b6aab2b8953a93d10ed470eae3e424ca659dcd",
 "path": "/be/XBRU/BE0974400328",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is AZELIS GROUP NV, listed on Euronext Brussels under ticker BE0974400328, with ISIN BE0974400328 and LEI 699400M9RRMTV264FM70. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 48 filings in the twelve months to 2026-11-11, across 37 filing days. The median gap between filing days is 6.0 days. The latest filing is dated 2026-10-22 and is of type Quarterly information, 20 days before the record date. The exchange median for Euronext Brussels is 19.0 days of cadence across 115 issuers, with 13 filings and 21.5 days of latency. The sector median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome cannot be determined, because the chapter's orderability section carries no client categories. The rule version is acm-68000/be/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 12 research houses: ABN AMRO, Barclays, Degroof Petercam, Deutsche Bank AG, Exane BNP Paribas, Goldman Sachs, ING, Jefferies, JP Morgan, Kepler Cheuvreux, Morgan Stanley and UBS.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, and the earliest sealed date of the market and the start of the live record are not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.be-cm-kg.ai/events/XBRU/BE0974400328"
  },
  {
   "for": "the halt flag",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)"
  },
  {
   "for": "the orderability chapter",
   "source": "https://be.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.azelis.com/en/analyst-coverage"
  },
  {
   "for": "the record",
   "source": "https://mcp.be-cm-kg.ai/record/XBRU/BE0974400328"
  }
 ],
 "title": "AZELIS GROUP NV (BE0974400328) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}