AXEL
ActiveSummary
AXEL has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €465k and a net result of €-23k. Equity remains stable across the filed fiscal years (±1.9% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability36▲+9
Solvency63=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.31 in 2023; short-term debt: 17.7% and cash: 3.4% of total assets), and 61.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
38.3%
Return on assets
-1.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-23k
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2024 was due by 30-07-2025 and was filed on 04-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
28 d early
2022
25 d early
2021
59 d early
2020
14 d late
2019
306 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€465k▼ 4.6%
2023 · €487k
2018: €471k
2019: €532k
2020: €517k
2021: €521k
2022: €510k
2023: €487k
2018 → 2024
Total assets
€1.21M▼ 5.6%
2023 · €1.29M
2018: €994k
2019: €926k
2020: €961k
2021: €1.36M
2022: €1.32M
2023: €1.29M
2018 → 2024
Net result
€-23k▼ 0.8%
2023 · €-22k
2018: €575k
2019: €61k
2020: €-15k
2021: €4k
2022: €-11k
2023: €-22k
2018 → 2024
Working capital
€-174k▼ 5.6%
2023 · €-165k
2018: €662k
2019: €760k
2020: €750k
2021: €150k
2022: €146k
2023: €-165k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€517k-€521k▲ 0.8%€510k▼ 2.2%€487k▼ 4.4%€465k▼ 4.6%
Operating result€-15k-€-13k▲ 12.9%€-9k▲ 32.4%€-22k▼ 151%€-21k▲ 0.2%
Net result€-15k-€4k€-11k€-22k▼ 99.7%€-23k▼ 0.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €22k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.21M
Fixed assets
€1.17M ▼ 3.2%
Current assets
€41k ▼ 45.2%
Equity and liabilities €1.21M
Equity
€465k ▼ 4.6%
Provisions
€201k ▼ 2.8%
Debt
€547k ▼ 7.5%
Debt's share of the balance-sheet total falls from 46.0% to 45.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▲
2023 · €10k
Cash flow
€16k▲
2023 · €9k
Current ratio
0.19▼
2023 · 0.31
Debt to equity
1.18▼
2023 · 1.21
ROE
-4.9%▼
2023 · -4.6%
ROA
-1.9%▼
2023 · -1.7%
Interest coverage
2.30▲
2023 · 1.31
Debt ≤ 1 year
€214k▼
2023 · €239k
Debt > 1 year
€333k▼
2023 · €353k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.29M€1.21M▼
Fixed assets21/28€1.21M€1.17M▼
Tangible fixed assets22/27€1.21M€1.17M▼
Land and buildings22€1.21M€1.17M▼
Furniture and vehicles24€445-
Current assets29/58€74k€41k▼
Amounts receivable within one year40/41€205-
Trade receivables40€205-
Cash at bank and in hand54/58€74k€41k▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.21M▼
Equity10/15€487k€465k▼
Contributions10/11€19k€19k=
Reserves13€620k€602k▼
Tax-exempt reserves132€620k€602k▼
Profit (loss) carried forward14€-151k€-156k▼
Provisions and deferred taxes16€207k€201k▼
Deferred taxes168€207k€201k▼
Amounts payable17/49€592k€547k▼
Amounts payable after more than one year17€353k€333k▼
Financial debts170/4€351k€333k▼
Other amounts payable178/9€2k-
Amounts payable within one year42/48€239k€214k▼
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€5k-
Suppliers440/4€5k-
Other amounts payable47/48€217k€197k▼
Accrued charges and deferred income492/3€10-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€39k▲
Other operating charges640/8€8k€5k▼
Gross operating margin9900€18k€23k▲
Operating profit (loss)9901€-22k€-21k▲
Financial income75/76B€2k€710▼
Recurring financial income75€2k€710▼
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€-28k€-28k▼
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€504-
Profit (loss) for the period9904€-22k€-23k▼
Transfer from tax-exempt reserves789€18k€18k=
Profit (loss) for the period to be appropriated9905€-5k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-151k€-156k▼
Profit (loss) brought forward from the previous period14P€-147k€-151k▼
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
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 14 days late
01-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 306 days late
2019
30-12
Financial
Equity above €500kEq €532k ▲12.9%
2 profitable years in a row build equity to €532k.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
27-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 239 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 605 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Schilde · 1 establishment unit since 2006
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.
Schoolstraat 212970 SchildeGround area
674 m²
Building footprint
129 m²
Volume, LiDAR
986 m³
Parcel 11922C0028/00C004, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AXEL
since 20062.153.562.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0028/00C004 | Flanders | 673 m² | 1 · 129 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-2006
Fiscal year end30-12
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@sollie.be
Phone:014/55 78 53
Fax:014/55 33 05