AXEASY
ActiveSummary
AXEASY has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €456k and a net result of €116k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-6
Solvency35▼-10
Growth51▼-19
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.24 in 2024; short-term debt: 89.7% and cash: 0.6% of total assets), and 89.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
10.3%
Return on assets
2.6%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 928 sector peers (2025).
NBB · sector comparisonPosition among 928 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
75 d late
2023
28 d late
2022
38 d late
2021
3 d early
2020
2 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€44.59M▼ 7.8%
2024 · €48.35M
2018: €33.63M
2019: €31.05M▼ -7.7% vs 2018
2020: €29.43M▼ -5.2% vs 2019lowest in 8 years
2021: €36.56M▲ +24.2% vs 2020
2022: €51.89M▲ +41.9% vs 2021
2023: €55.14M▲ +6.3% vs 2022highest in 8 years
2024: €48.35M▼ -12.3% vs 2023
2025: €44.59M▼ -7.8% vs 2024
2018 → 2025
EBIT margin
0.4%▼ 0.9pp
2024 · 1.3%
2018: 1.5%
2019: 1.9%▲ +29.4% vs 2018
2020: 1.6%▼ -17.3% vs 2019
2021: 2.3%▲ +45.9% vs 2020highest in 8 years
2022: 2.0%▼ -12.8% vs 2021
2023: 1.6%▼ -22.8% vs 2022
2024: 1.3%▼ -15.1% vs 2023
2025: 0.4%▼ -70.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€116k▼ 75.9%
2024 · €483k
2018: €326k
2019: €403k▲ +23.6% vs 2018
2020: €335k▼ -16.7% vs 2019
2021: €628k▲ +87.2% vs 2020
2022: €769k▲ +22.6% vs 2021highest in 8 years
2023: €654k▼ -15.0% vs 2022
2024: €483k▼ -26.2% vs 2023
2025: €116k▼ -75.9% vs 2024lowest in 8 years
2018 → 2025
Working capital
€449k▼ 60.4%
2024 · €1.13M
2018: €248klowest in 8 years
2019: €651k▲ +162% vs 2018
2020: €987k▲ +51.8% vs 2019
2021: €918k▼ -7.0% vs 2020
2022: €1.19M▲ +29.2% vs 2021
2023: €1.25M▲ +5.2% vs 2022highest in 8 years
2024: €1.13M▼ -9.2% vs 2023
2025: €449k▼ -60.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€36.56M-€51.89M▲ 41.9%€55.14M▲ 6.3%€48.35M▼ 12.3%€44.59M▼ 7.8%
2021: €36.56Mlowest in 5 years
2022: €51.89M▲ +41.9% vs 2021
2023: €55.14M▲ +6.3% vs 2022highest in 5 years
2024: €48.35M▼ -12.3% vs 2023
2025: €44.59M▼ -7.8% vs 2024
Equity€933k-€1.20M▲ 28.9%€1.26M▲ 4.5%€1.14M▼ 9.3%€456k▼ 60.0%
2021: €933k
2022: €1.20M▲ +28.9% vs 2021
2023: €1.26M▲ +4.5% vs 2022highest in 5 years
2024: €1.14M▼ -9.3% vs 2023
2025: €456k▼ -60.0% vs 2024lowest in 5 years
Operating result€853k-€1.06M▲ 23.7%€866k▼ 18.0%€645k▼ 25.6%€174k▼ 73.0%
2021: €853k
2022: €1.06M▲ +23.7% vs 2021highest in 5 years
2023: €866k▼ -18.0% vs 2022
2024: €645k▼ -25.6% vs 2023
2025: €174k▼ -73.0% vs 2024lowest in 5 years
Net result€628k-€769k▲ 22.6%€654k▼ 15.0%€483k▼ 26.2%€116k▼ 75.9%
2021: €628k
2022: €769k▲ +22.6% vs 2021highest in 5 years
2023: €654k▼ -15.0% vs 2022
2024: €483k▼ -26.2% vs 2023
2025: €116k▼ -75.9% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.44M
Fixed assets
€7k ▼ 24.0%
Current assets
€4.43M ▼ 23.9%
Equity and liabilities €4.44M
Equity
€456k ▼ 60.0%
Debt
€3.98M ▼ 15.1%
Debt's share of the balance-sheet total rises from 80.5% to 89.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€180k▼
2024 · €652k
Cash flow
€122k▼
2024 · €490k
Current ratio
1.11▼
2024 · 1.24
Debt to equity
8.74▲
2024 · 4.12
ROE
25.5%▼
2024 · 42.4%
ROA
2.6%▼
2024 · 8.3%
Interest coverage
10.55▼
2024 · 47.87
Debt ≤ 1 year
€3.98M▼
2024 · €4.69M
Income taxes
€70k▼
2024 · €215k
Staff costs
€3.11M▼
2024 · €3.85M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.83M€4.44M▼
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€9k€7k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€1k€824▼
Other tangible fixed assets26€1k€968▼
Current assets29/58€5.83M€4.43M▼
Amounts receivable within one year40/41€5.76M€4.39M▼
Trade receivables40€3.97M€3.79M▼
Other amounts receivable41€1.79M€599k▼
Cash at bank and in hand54/58€13k€26k▲
Deferred charges and accrued income490/1€53k€15k▼
Equity and liabilities
Total equity and liabilities10/49€5.83M€4.44M▼
Equity10/15€1.14M€456k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.08M€393k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€1.07M€387k▼
Profit (loss) carried forward14€320€550▲
Amounts payable17/49€4.69M€3.98M▼
Amounts payable within one year42/48€4.69M€3.98M▼
Trade debts44€3.92M€3.42M▼
Suppliers440/4€3.92M€3.42M▼
Taxes, remuneration and social security45€774k€563k▼
Taxes450/3€404k€369k▼
Remuneration and social security454/9€370k€194k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Operating income70/76A€48.39M-
Turnover70€48.35M€44.59M▼
Other operating income74€43k-
Operating charges60/66A€47.75M-
Goods, raw materials, services and sundry goods60/61-€41.33M
Goods for resale, raw materials and consumables60€43.02M-
Purchases600/8€43.02M-
Services and other goods61€854k-
Remuneration, social security and pensions62€3.85M€3.11M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€20k€9k▼
Gross operating margin9900-€3.30M
Operating profit (loss)9901€645k€174k▼
Financial income75/76B€68k€29k▼
Recurring financial income75€68k€29k▼
Income from financial fixed assets750€8-
Income from current assets751€68k-
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Debt charges650€14k-
Other financial charges652/9€2k-
Profit (loss) for the period before taxes9903€697k€186k▼
Income taxes67/77€215k€70k▼
Taxes670/3€215k-
Profit (loss) for the period9904€483k€116k▼
Profit (loss) for the period to be appropriated9905€483k€116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€483k€117k▼
Profit (loss) brought forward from the previous period14P€646€320▼
Transfer from equity791/2€600k€800k▲
From reserves792€600k-
Transfer to equity691/2€483k€116k▼
To other reserves6921€483k€116k▼
Profit to be distributed694/7€600k€800k▲
Return on contributions (dividend)694€600k€800k▲
Social balance
Average headcount (FTE)908736.527.5▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €51.93M | €55.20M | €48.39M | - | - |
| Turnover70 | €36.56M | €51.89M | €55.14M | €48.35M | €44.59M | ▼ 7.8% |
| Other operating income74 | - | €38k | €40k | €43k | - | - |
| Non-recurring operating income76A | €0 | - | €21k | - | - | - |
| Operating charges60/66A | - | €50.87M | €54.33M | €47.75M | - | - |
| Goods, raw materials, services and sundry goods60/61 | €31.90M | - | - | - | €41.33M | - |
| Goods for resale, raw materials and consumables60 | - | €46.21M | €49.05M | €43.02M | - | - |
| Purchases600/8 | - | €46.21M | €49.05M | €43.02M | - | - |
| Services and other goods61 | - | €701k | €688k | €854k | - | - |
| Remuneration, social security and pensions62 | €3.84M | €3.94M | €4.58M | €3.85M | €3.11M | ▼ 19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €9k | €7k | €5k | ▼ 22.5% |
| Other operating charges640/8 | €7k | €8k | €9k | €20k | €9k | ▼ 53.9% |
| Non-recurring operating charges66A | €669 | - | - | - | - | - |
| Gross operating margin9900 | €4.70M | - | - | - | €3.30M | - |
| Operating profit (loss)9901 | €853k | €1.06M | €866k | €645k | €174k | ▼ 73.0% |
| Financial income75/76B | €4k | €4k | €60k | €68k | €29k | ▼ 57.7% |
| Recurring financial income75 | €4k | €4k | €60k | €68k | €29k | ▼ 57.7% |
| Income from financial fixed assets750 | - | €2 | €2 | €8 | - | - |
| Income from current assets751 | - | €4k | €60k | €68k | - | - |
| Other financial income752/9 | - | €1 | - | - | - | - |
| Financial charges65/66B | €10k | €11k | €14k | €15k | €17k | ▲ 12.1% |
| Recurring financial charges65 | €10k | €11k | €14k | €15k | €17k | ▲ 12.1% |
| Debt charges650 | - | €9k | €12k | €14k | - | - |
| Other financial charges652/9 | - | €2k | €2k | €2k | - | - |
| Profit (loss) for the period before taxes9903 | €848k | €1.05M | €913k | €697k | €186k | ▼ 73.3% |
| Income taxes67/77 | €220k | €280k | €258k | €215k | €70k | ▼ 67.5% |
| Taxes670/3 | - | €280k | €258k | €215k | - | - |
| Profit (loss) for the period9904 | €628k | €769k | €654k | €483k | €116k | ▼ 75.9% |
| Profit (loss) for the period to be appropriated9905 | €628k | €769k | €654k | €483k | €116k | ▼ 75.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.35M | €7.14M | €7.01M | €5.83M | €4.44M | ▼ 23.9% |
| Fixed assets21/28 | €15k | €17k | €10k | €9k | €7k | ▼ 24.0% |
| Tangible fixed assets22/27 | €15k | €17k | €10k | €9k | €7k | ▼ 24.0% |
| Plant, machinery and equipment23 | €6k | €10k | €10k | €7k | €5k | ▼ 24.4% |
| Furniture and vehicles24 | €10k | €7k | - | €1k | €824 | ▼ 20.6% |
| Other tangible fixed assets26 | - | - | - | €1k | €968 | ▼ 24.3% |
| Current assets29/58 | €5.33M | €7.13M | €7.00M | €5.83M | €4.43M | ▼ 23.9% |
| Amounts receivable within one year40/41 | €5.30M | €7.04M | €6.87M | €5.76M | €4.39M | ▼ 23.7% |
| Trade receivables40 | €4.23M | €5.20M | €5.01M | €3.97M | €3.79M | ▼ 4.5% |
| Other amounts receivable41 | €1.07M | €1.84M | €1.86M | €1.79M | €599k | ▼ 66.5% |
| Cash at bank and in hand54/58 | €26k | €76k | €94k | €13k | €26k | ▲ 98.9% |
| Deferred charges and accrued income490/1 | €9k | €11k | €35k | €53k | €15k | ▼ 72.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.35M | €7.14M | €7.01M | €5.83M | €4.44M | ▼ 23.9% |
| Equity10/15 | €933k | €1.20M | €1.26M | €1.14M | €456k | ▼ 60.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €870k | €1.14M | €1.19M | €1.08M | €393k | ▼ 63.5% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €864k | €1.13M | €1.19M | €1.07M | €387k | ▼ 63.9% |
| Profit (loss) carried forward14 | €919 | €347 | €646 | €320 | €550 | ▲ 71.6% |
| Amounts payable17/49 | €4.42M | €5.94M | €5.75M | €4.69M | €3.98M | ▼ 15.1% |
| Amounts payable within one year42/48 | €4.41M | €5.94M | €5.75M | €4.69M | €3.98M | ▼ 15.1% |
| Trade debts44 | €3.76M | €4.94M | €4.52M | €3.92M | €3.42M | ▼ 12.7% |
| Suppliers440/4 | €3.76M | €4.94M | €4.52M | €3.92M | €3.42M | ▼ 12.7% |
| Taxes, remuneration and social security45 | €651k | €1.00M | €1.23M | €774k | €563k | ▼ 27.3% |
| Taxes450/3 | €379k | €597k | €789k | €404k | €369k | ▼ 8.6% |
| Remuneration and social security454/9 | €272k | €403k | €439k | €370k | €194k | ▼ 47.7% |
| Accrued charges and deferred income492/3 | €173 | €435 | €39 | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €628k | €769k | €654k | €483k | €116k | ▼ 75.9% |
| + Depreciation and write-downs630 | €5k | €8k | €9k | €7k | €5k | ▼ 22.5% |
| Operating cash flow (approximation) | €633k | €777k | €663k | €490k | €122k | ▼ 75.2% |
| Investment in fixed assets (approximation) | - | €-10k | €-1k | €-6k | €-3k | ▲ 47.8% |
| Change in cash | - | €50k | €18k | €-81k | €13k | ▲ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €116k ▼75.9%
Net result drops to €116k, the lowest in the series.
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 75 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 38 days late
2022
31-12
Financial
Highest result since 2018net €769k ▲22.6%
Operating result €1.06M, net result €769k, both a record.
31-12
Financial
Equity above €1MEq €1.20M ▲28.9%
5 profitable years in a row build equity to €1.20M.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €500kEq €658k ▲158%
2 profitable years in a row build equity to €658k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 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, Ukkel · 1 establishment unit since 2008
Ground area
595 m²
Building footprint
239 m²
Volume, LiDAR
5,456 m³
Parcel 21612C0056/02D072, Brussels · tallest building 30.0 m, ±8 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
AxEasy
since 20082.173.279.951
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0056/02D072 | Brussels | 595 m² | 1 · 239 m² | 30.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Identification & contact
Identification
Legal formPublic limited company
Founded01-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.