AXE RENOV
ActiveAXE RENOV has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €516k and a net result of €65k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-2
Solvency87▼-13
Growth85=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 5.67 in 2024; short-term debt: 38.3% and cash: 85% of total assets), and 38.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.7%
Return on assets
7.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
43 d early
2023
23 d late
2022
28 d late
2021
31 d late
2020
31 d late
2019
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.56M▲ 23.2%
2018 · €1.27M
2018: €1.27M
2018 → 2019
EBIT margin
7.9%▲ 3.5pp
2018 · 4.4%
2018: 4.4%
2018 → 2019
Net result
€65k▼ 18.6%
2024 · €80k
2018: €44k
2019: €97k
2020: €157k
2021: €4k
2022: €61k
2023: €94k
2024: €80k
2018 → 2025
Working capital
€463k▼ 25.7%
2024 · €623k
2018: €366k
2019: €303k
2020: €418k
2021: €432k
2022: €590k
2023: €511k
2024: €623k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€476k-€538k▲ 12.9%€632k▲ 17.5%€712k▲ 12.7%€516k▼ 27.5%
Operating result€4k-€84k▲ 2,135%€134k▲ 59.9%€111k▼ 17.2%€91k▼ 17.8%
Net result€4k-€61k▲ 1,353%€94k▲ 52.9%€80k▼ 14.6%€65k▼ 18.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €836k
Fixed assets
€53k▼ 43.7%
Current assets
€783k▲ 3.5%
Equity and liabilities €836k
Equity
€516k▼ 27.5%
Debt
€320k▲ 131%
The debt ratio rises from 16.3% to 38.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€132k▼
2024 · €158k
Cash flow
€106k▼
2024 · €127k
Solvency
61.7%▼
2024 · 83.7%
Current ratio
2.45▼
2024 · 5.67
Quick ratio
2.44▼
2024 · 5.66
Debt / equity
0.62▲
2024 · 0.19
ROE
12.7%▲
2024 · 11.3%
ROA
7.8%▼
2024 · 9.4%
Interest coverage
113.58▼
2024 · 118.69
Debt
€320k▲
2024 · €138k
Debt ≤ 1 year
€320k▲
2024 · €133k
Income taxes
€26k▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€850k€836k▼
Fixed assets21/28€94k€53k▼
Tangible fixed assets22/27€94k€53k▼
Plant, machinery and equipment23€249-
Furniture and vehicles24€94k€53k▼
Current assets29/58€756k€783k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€165k€65k▼
Trade receivables40€152k€46k▼
Other amounts receivable41€13k€19k▲
Cash at bank and in hand54/58€577k€710k▲
Deferred charges and accrued income490/1€13k€6k▼
Equity and liabilities
Total equity and liabilities10/49€850k€836k▼
Equity10/15€712k€516k▼
Contributions10/11€6k€6k=
Reserves13€237k€241k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€235k€239k▲
Profit (loss) carried forward14€468k€268k▼
Amounts payable17/49€138k€320k▲
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€133k€320k▲
Current portion of amounts payable after more than one year42€15k€4k▼
Financial debts43€7k€6k▼
Credit institutions430/8€7k€6k▼
Trade debts44€59k€33k▼
Suppliers440/4€59k€33k▼
Taxes, remuneration and social security45€52k€15k▼
Taxes450/3€44k€7k▼
Remuneration and social security454/9€8k€8k=
Other amounts payable47/48€407€261k▲
Accrued charges and deferred income492/3€914-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€41k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€720-
Other operating charges640/8€6k€3k▼
Non-recurring operating charges66A€393-
Gross operating margin9900€165k€136k▼
Operating profit (loss)9901€111k€91k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▼
Non-recurring financial charges66B-€250
Profit (loss) for the period before taxes9903€113k€91k▼
Income taxes67/77€33k€26k▼
Profit (loss) for the period9904€80k€65k▼
Profit (loss) for the period to be appropriated9905€80k€65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€549k€534k▼
Profit (loss) brought forward from the previous period14P€468k€468k=
Transfer from equity791/2-€61k
Transfer to equity691/2€80k€65k▼
To other reserves6921€80k€65k▼
Profit to be distributed694/7-€261k
Return on contributions (dividend)694-€261k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 10.73
Current ratio from 3.37 to 10.73; short-term debt falls from €182k to €61k.
31-12
Financial
Equity above €500kEq €538k ▲12.9%
5 profitable years in a row build equity to €538k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €4k ▼97.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €157k ▲62.1%
Operating result €205k, net result €157k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.69
Current ratio from 2.05 to 4.69; short-term debt falls from €287k to €113k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Reper-Vrevenstraat 1081020 BrusselGround area
560 m²
Building footprint
364 m²
Volume, LiDAR
3,263 m³
2 parcels, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
AXE RENOV
since 20042.136.796.172
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0005/00F009 | Brussels | 344 m² | 1 · 260 m² | 17.3 m · 1 fl. |
| 21816G0107/00H002 | Brussels | 216 m² | 1 · 104 m² | 15.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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VERSTRAETE E & P
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,469. 2,296 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-2004
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.