AXEOR
ActiveSummary
AXEOR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€14,790) and a net result of -€13,326. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 2300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.56 in 2024; short-term debt: 262.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-162.1%
Return on assets
-146.1%
Age of the figures
9 mo
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 · 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€14,790
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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
41 d late
2024
41 d late
2023
51 d late
2022
17 d late
2021
73 d late
2020
39 d early
2019
138 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€14,790▼ 910%
2024 · -€1,464
Total assets
€9,123▼ 43.0%
2024 · €15,998
Net result
-€13,326▲ 51.7%
2024 · -€27,603
Working capital
-€18,413▼ 142%
2024 · -€7,609
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,374▼ 480%€26,731€31,922▲ 19.4%-€27,169-€12,358▲ 54.5%
Net result-€3,426below the sector's middle half▼ 489%€26,578within the sector's middle half€19,544within the sector's middle half▼ 26.5%-€27,603below the sector's middle half-€13,326below the sector's middle half▲ 51.7%
Equity-€19,982below the sector's middle half▼ 20.7%€6,595below the sector's middle half€26,139within the sector's middle half▲ 296%-€1,464below the sector's middle half-€14,790below the sector's middle half▼ 910%
Total assets€1,502below the sector's middle half€21,092below the sector's middle half▲ 1,304%€106,082within the sector's middle half▲ 403%€15,998below the sector's middle half▼ 84.9%€9,123below the sector's middle half▼ 43.0%
Debt€21,485▲ 29.8%€14,497▼ 32.5%€79,943▲ 451%€17,462▼ 78.2%€23,913▲ 36.9%
Working capital-€19,982-€4,595▲ 77.0%€17,471-€7,609-€18,413▼ 142%
Solvency31.3%within the sector's middle half24.6%within the sector's middle half▼ 6.6pp-9.2%below the sector's middle half▼ 33.8pp-162.1%below the sector's middle half▼ 153.0pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,358 in 2025 against €27,169 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9,123
Fixed assets
€3,623 ▼ 41.0%
Current assets
€5,500 ▼ 44.2%
Key figures and ratios
EBITDA
-€9,836▲
2024 · -€24,646
Cash flow
-€10,803▲
2024 · -€25,080
Current ratio
0.23▼
2024 · 0.56
Debt to equity
-1.62▲
2024 · -11.93
ROA
-146.1%▲
2024 · -172.5%
Interest coverage
-10.16▲
2024 · -56.76
Debt ≤ 1 year
€23,913▲
2024 · €17,462
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,422 | €2,522 | €2,522 | €2,522 | = |
| Other operating charges640/8 | €348 | €348 | €411 | €1,572 | €413 | ▼ 73.7% |
| Non-recurring operating charges66A | - | €358 | €2,269 | - | €45 | - |
| Gross operating margin9900 | -€3,026 | €28,859 | €37,125 | -€23,074 | -€9,378 | ▲ 59.4% |
| Operating profit (loss)9901 | -€3,374 | €26,731 | €31,922 | -€27,169 | -€12,358 | ▲ 54.5% |
| Financial charges65/66B | €52 | €154 | €218 | €434 | €968 | ▲ 123% |
| Recurring financial charges65 | €52 | €154 | €218 | €434 | €968 | ▲ 123% |
| Profit (loss) for the period before taxes9903 | -€3,426 | €26,578 | €31,704 | -€27,603 | -€13,326 | ▲ 51.7% |
| Income taxes67/77 | - | - | €12,161 | - | - | - |
| Profit (loss) for the period9904 | -€3,426 | €26,578 | €19,544 | -€27,603 | -€13,326 | ▲ 51.7% |
| Profit (loss) for the period to be appropriated9905 | -€3,426 | €26,578 | €19,544 | -€27,603 | -€13,326 | ▲ 51.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,502 | €21,092 | €106,082 | €15,998 | €9,123 | ▼ 43.0% |
| Fixed assets21/28 | - | €11,190 | €8,668 | €6,146 | €3,623 | ▼ 41.0% |
| Tangible fixed assets22/27 | - | €11,190 | €8,668 | €6,146 | €3,623 | ▼ 41.0% |
| Furniture and vehicles24 | - | €11,190 | €8,668 | €6,146 | €3,623 | ▼ 41.0% |
| Current assets29/58 | €1,502 | €9,902 | €97,414 | €9,852 | €5,500 | ▼ 44.2% |
| Amounts receivable within one year40/41 | €1,499 | €8,376 | €68,166 | €7,241 | €5,500 | ▼ 24.0% |
| Trade receivables40 | €1,499 | €5,455 | €7,015 | €5,500 | €5,500 | = |
| Other amounts receivable41 | - | €2,921 | €61,151 | €1,741 | - | - |
| Cash at bank and in hand54/58 | €4 | €1,526 | €29,248 | €813 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,798 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,502 | €21,092 | €106,082 | €15,998 | €9,123 | ▼ 43.0% |
| Equity10/15 | -€19,982 | €6,595 | €26,139 | -€1,464 | -€14,790 | ▼ 910% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€38,582 | -€12,005 | €7,539 | -€20,064 | -€33,390 | ▼ 66.4% |
| Amounts payable17/49 | €21,485 | €14,497 | €79,943 | €17,462 | €23,913 | ▲ 36.9% |
| Amounts payable within one year42/48 | €21,485 | €14,497 | €79,943 | €17,462 | €23,913 | ▲ 36.9% |
| Financial debts43 | - | - | - | - | €5,017 | - |
| Other loans439 | - | - | - | - | €5,017 | - |
| Trade debts44 | €4,244 | €3,911 | €67,782 | €5,301 | €9,574 | ▲ 80.6% |
| Suppliers440/4 | €4,244 | €3,911 | €67,782 | €5,301 | €9,574 | ▲ 80.6% |
| Advances received on contracts in progress46 | - | - | - | - | €200 | - |
| Taxes, remuneration and social security45 | €718 | - | €12,161 | €12,161 | €9,123 | ▼ 25.0% |
| Taxes450/3 | €718 | - | €12,161 | €12,161 | €9,123 | ▼ 25.0% |
| Other amounts payable47/48 | €16,522 | €10,586 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,426 | €26,578 | €19,544 | -€27,603 | -€13,326 | ▲ 51.7% |
| + Depreciation and write-downs630 | - | €1,422 | €2,522 | €2,522 | €2,522 | = |
| Operating cash flow (approximation) | -€3,426 | €27,999 | €22,066 | -€25,080 | -€10,803 | ▲ 56.9% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €1,522 | €27,722 | -€28,435 | - | - |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Weakest financial yearnet -€27,603
Net result drops to -€27,603, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Back to profitnet €26,578
Net result €26,578 after 4 loss-making years.
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 138 days late
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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 2021
Ground area
741 m²
Building footprint
338 m²
Volume, LiDAR
9,253 m³
Parcel 21805E0093/00D002, Brussels · tallest building 32.6 m, ±10 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
1 establishment unit
AXEOR
since 20212.324.190.472
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0093/00D002 | Brussels | 741 m² | 1 · 338 m² | 32.6 m · 10 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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EXPOLAEN
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Of 4,579 companies in sector 82300 we hold annual accounts for 1,673. 1,168 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-10-1999
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
70200Business and other management consultancy
85599Other education
Contact
E-mail
patrick@gruman.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467152592
Also
9925:BE0467152592
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.