Equity
AXEASY paid out €800,000 in dividends. That is 688% of the 2025 profit.
AXEASY paid out €800,000 in dividends. That is 688% of the 2025 profit.
The result fell in 2025 from €482,674 to €116,229.
Between 2015 and 2025, 59% of the full-time equivalents disappeared.
Five of the last ten came late. The 2024 accounts came latest: 75 days after the end of the period.
Lower solvency than 81% of companies in office administrative support. Sector median 45.4% · 1,168 companies.
The dashed line is the sector median: 0.1% across 1,123 companies (NACE 82, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 82, small). It does better than 18% of them on solvency, 2% on liquidity, 41% on profitability and 17% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,107 companies had the same profile as AXEASY has now. Each dot stands for 11 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AXEASY itself: 1.0% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for AXEASY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.11 (1.24 in 2024), below the usual 1.5. Short-term debt is 89.7% and cash 0.6% of total assets. 89.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AXEASY Uccle | €44.6m | 0.4% | 10.3% | 27.5 |
| American Chamber of Commerce to the European Union Brussels | - | - | 17.2% | 27.1 |
| LES TEMPLIERS Pecq | - | - | 29.0% | 44.9 |
| SNAET FREDERIEK Oosterzele | - | - | 63.8% | 23.6 |
| LEXDRIES Machelen (Brab.) | - | - | 57.4% | 24.6 |
| ENVIRONMENTAL COALITION ON STANDARDS Brussels | - | - | 12.9% | 37.9 |
| OILINMOTION Ghent | €34.7m | 0.7% | 5.8% | 18.4 |
Grey: the largest companies of the sector (office administrative support (NACE 82)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as AXEASY: other business support services (NACE 82990). They are comparable in size and age: total assets between €3.3m and €7.2m, founded between 2001 and 2012.
AXEASY has existed since 2008. Turnover grew from €28.6m in 2015 to €44.6m in 2025, while staff fell from 67 to 27.5 full-time equivalents.
Solvency fell in 2025 from 19.5% to 10.3% because of the dividend.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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