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AXEL

Active
Private limited companyfounded 200620 yrs activeSchoolstraat 21, 2970 Schilde, BelgiumKBO/BCE: BE 0879.898.183
Summary

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 riskneutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
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 2024
Solvency, 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 2024
Net 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 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

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
€-30k€-20k€-10k€0Operating result 2020: €-15k€-15kNet result 2020: €-15k€-15kOperating result 2021: €-13k€-13kNet result 2021: €4k€4kOperating result 2022: €-9k€-9kNet result 2022: €-11k€-11kOperating result 2023: €-22k€-22kNet result 2023: €-22k€-22kOperating result 2024: €-21k€-21kNet result 2024: €-23k€-23k20202021202220232024€-30k€-20k€-10k€0Operating result 2022: €-9k€-8.6kNet result 2022: €-11k€-11kOperating result 2023: €-22k€-22kNet result 2023: €-22k€-22kOperating result 2024: €-21k€-21kNet result 2024: €-23k€-23k202220232024
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
2024 value · change against 2023
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.

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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
establishment The establishment unit on the map
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 Schilde
Ground 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
Schoolstraat 21, 2970 SchildeNACE 5145001
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 entries
E-mail:info@sollie.be
Establishment Schilde 2.153.562.524
Phone:014/55 78 53
Establishment Schilde 2.153.562.524
Fax:014/55 33 05
Establishment Schilde 2.153.562.524