axabio
ActiveSummary
The computed 12-month bankruptcy probability of axabio is 1.5% (moderate). The 2025 annual accounts show negative equity (-€652,510) and a net result of -€2.4m. Its solvency ranks better than 9% of 239 sector peers (NACE 72, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 11.1 FTE
- Equity
- -€652,510
- Loss
- -€2.4m
- Parent
- PROVIRON CAPITAL · 93.03%
- Wim MICHIELSChair
Why 54raises riskCapped at 59: negative equityLiquidity: current ratio 2.21, cash €1,368, halvedLoss of €2.4m, the second in a row (financial year 2025)lowers riskFounded in 2024Sector: Scientific research and development (NACE 72)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, small): better than 7% on solvency, 35% on liquidity, 11% on profitability and 50% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 49 days before the deadline; the sector median (NACE 72) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Liquidity more than doubledcurrent ratio 2.21
- Resignation: BDO Bedrijfsrevisoren (statutory auditor)Permanent representative: Veerle Catry ·…
Financials · financial year 2025, full format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €2.5m in 2025 against €2.3m in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 72, Scientific research and development: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 490 companies that looked in July 2024 the way this one looks now, 6.7% went bankrupt within 24 months and 88.8% are still going.
- Small
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 490 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Operating income70/76A | €0.3m | €1.4m | ▲ 319% |
| Turnover70 | €0.04m | €0.4m | ▲ 762% |
| Own construction capitalised72 | €0.3m | €0.6m | ▲ 116% |
| Other operating income74 | €0.02m | €0.2m | ▲ 13× |
| Non-recurring operating income76A | €0.002m | €0.2m | ▲ 82× |
| Operating charges60/66A | €2.6m | €3.8m | ▲ 47.8% |
| Goods for resale, raw materials and consumables60 | €0.1m | €0.5m | ▲ 450% |
| Purchases600/8 | €0.1m | €0.7m | ▲ 458% |
| Change in stocks: decrease (increase)609 | -€0.03m | -€0.2m | ▼ 485% |
| Services and other goods61 | €1.1m | €1.3m | ▲ 14.2% |
| Remuneration, social security and pensions62 | €0.6m | €1.1m | ▲ 78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.7m | €0.9m | ▲ 20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0.002m | €0 | ▼ 100% |
| Other operating charges640/8 | €0.001m | €0.001m | ▼ 7.0% |
| Operating profit (loss)9901 | -€2.3m | -€2.5m | ▼ 9.1% |
| Financial income75/76B | €381 | €0.2m | ▲ 601× |
| Recurring financial income75 | €381 | €0.2m | ▲ 601× |
| Other financial income752/9 | €381 | €0.2m | ▲ 601× |
| Financial charges65/66B | €0.04m | €0.1m | ▲ 205% |
| Recurring financial charges65 | €0.04m | €0.1m | ▲ 205% |
| Debt charges650 | €0.04m | €0.1m | ▲ 215% |
| Other financial charges652/9 | €0.002m | €0.002m | ▲ 23.8% |
| Profit (loss) for the period before taxes9903 | -€2.3m | -€2.4m | ▼ 2.6% |
| Profit (loss) for the period9904 | -€2.3m | -€2.4m | ▼ 2.6% |
| Profit (loss) for the period to be appropriated9905 | -€2.3m | -€2.4m | ▼ 2.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3.2m | €4.0m | ▲ 24.6% |
| Fixed assets21/28 | €2.9m | €3.0m | ▲ 0.6% |
| Intangible fixed assets21 | €0.3m | €0.7m | ▲ 145% |
| Tangible fixed assets22/27 | €2.6m | €2.2m | ▼ 16.0% |
| Plant, machinery and equipment23 | €2.6m | €2.2m | ▼ 16.2% |
| Furniture and vehicles24 | €0.008m | €0.01m | ▲ 64.5% |
| Current assets29/58 | €0.3m | €1.0m | ▲ 302% |
| Stocks and contracts in progress3 | €0.03m | €0.2m | ▲ 585% |
| Stocks30/36 | €0.03m | €0.2m | ▲ 585% |
| Raw materials and consumables30/31 | €0.03m | €0.2m | ▲ 585% |
| Amounts receivable within one year40/41 | €0.1m | €0.8m | ▲ 517% |
| Trade receivables40 | €0.04m | €0.2m | ▲ 490% |
| Other amounts receivable41 | €0.09m | €0.6m | ▲ 527% |
| Cash at bank and in hand54/58 | €0.09m | €0.001m | ▼ 98.5% |
| Deferred charges and accrued income490/1 | €0.006m | €0.02m | ▲ 174% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3.2m | €4.0m | ▲ 24.6% |
| Equity10/15 | €0.8m | -€0.7m | - |
| Contributions10/11 | €3.1m | €3.1m | = |
| Capital10 | €3.1m | €3.1m | = |
| Issued capital100 | €3.1m | €3.1m | = |
| Reserves13 | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | €0.02m | €0.02m | = |
| Legal reserve130 | €0.02m | €0.02m | = |
| Distributable reserves133 | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€2.3m | -€4.7m | ▼ 103% |
| Investment grants15 | - | €0.9m | - |
| Amounts payable17/49 | €2.4m | €4.6m | ▲ 93.7% |
| Amounts payable after more than one year17 | €2.1m | €4.2m | ▲ 102% |
| Financial debts170/4 | €2.1m | €4.2m | ▲ 102% |
| Other loans174 | €2.1m | €4.2m | ▲ 102% |
| Amounts payable within one year42/48 | €0.3m | €0.5m | ▲ 42.3% |
| Financial debts43 | €0.01m | €0.01m | ▲ 8.1% |
| Credit institutions430/8 | €0.01m | €0.01m | ▲ 8.1% |
| Trade debts44 | €0.3m | €0.4m | ▲ 21.8% |
| Suppliers440/4 | €0.3m | €0.4m | ▲ 21.8% |
| Taxes, remuneration and social security45 | €0.02m | €0.1m | ▲ 310% |
| Taxes450/3 | - | €3 | - |
| Remuneration and social security454/9 | €0.02m | €0.1m | ▲ 310% |
| Other amounts payable47/48 | €0.002m | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€2.3m | -€2.4m | ▼ 2.6% |
| + Depreciation and write-downs630 | €0.7m | €0.9m | ▲ 20.3% |
| Operating cash flow (approximation) | -€1.6m | -€1.5m | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | -€0.9m | - |
| Change in cash | - | -€0.09m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 19-06-2026 | 2026-00175885 |
| 31-12-2024 | full format | 05-06-2025 | 2025-00125227 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €1.1m awarded · €608,000 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 2
Statutory auditor 1
Mandate history
- Board
- Day-to-day management
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Wim MICHIELS |
|
| Mark Michiels |
|
| Finvision Bedrijfsrevisoren |
|
Owners and capital
Owners
1 ownerChain of control
- PROVIRON CAPITAL
- axabio
Highest known parent: PROVIRON CAPITAL. The sources do not say who stands above it.
Owners 1
- PROVIRON CAPITALparent93.03%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 08-08-2024 Incorporation · €3,114,393.44 · 1,975,000 shares
Group and network
Connections & network
5 connected companiesShow 1 more companies with a shared director
History
Acts, filings and financial milestones
03-12
Gazette deed
Resignation: BDO Bedrijfsrevisoren (statutory auditor)Permanent representative: Veerle Catry · Appointment: Finvision Bedrijfsrevisoren (statutory auditor)4 facts ▸
- General meeting, 24-03-2025
- Auditor resignation, BDO Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Veerle Catry
- Auditor appointment, Finvision Bedrijfsrevisoren (statutory auditor)
10-10
Gazette deed
Purpose · Amendment of the articlesGeneral meeting1 fact ▸
- General meeting, 30-09-2025
14-03
Gazette deed
Appointments: Wim Michiels (chair) and Mark Michiels (managing director)4 facts ▸
- Board meeting, 02-08-2024
- Director appointment, Wim Michiels (chair)
- Director appointment, Wim Michiels (managing director)
- Director appointment, Mark Michiels (managing director)
08-08
Gazette deed
IncorporationDemerger · Auditor report · Founding capital5 facts ▸
- Incorporation, 28-06-2024
- Demerger, “partiële splitsing, door oprichting van een nieuwe vennootschap” (deed in Dutch)
- Other provision, “geen verslag partiële splitsing door bestuursorgaan en commissaris” (deed in Dutch)
- Auditor report, “bedrijfsrevisor, verslag met betrekking tot de inbreng in natura in de nieuw op te richten vennootschap” (deed in Dutch)
- Founding capital, €3,114,393.44
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11018B0152/00B003 | Flanders | 3,122 m² | 1 · 369 m² | 6.6 m · 2 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Het uitkeren of bezorgen van een rechtstreeks of onrechtstreeks vermogensvoordeel aan haar aandeelhouders; Middels haar bedrijfsvoering en…” (deed in Dutch)
2 activities (deed in Dutch)
- Het uitkeren of bezorgen van een rechtstreeks of onrechtstreeks vermogensvoordeel aan haar aandeelhouders.
- Middels haar bedrijfsvoering en economische activiteiten, een reële positieve impact te hebben op de samenleving en het milieu in het algemeen.
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- “Filip BEYERS” (deed in Dutch)“Eric De Bie” (deed in Dutch)1 more provision on this in the deed
Read from the deeds: 4 provisions, deed of 10-10-2025