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AXHES

Active
Private limited companyfounded 20197 yrs activePassage de la Béguine 43, 4452 Juprelle, BelgiumKBO/BCE: BE 0732.670.001
Summary

AXHES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,374 and a net result of €7,033. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability73▲+5
Solvency90▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 3.15 against 3.94 in 2024; short-term debt: 20.6% and cash: 49.1% of total assets), and 35.4% of the assets are financed with debt.
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Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
64.6%
Return on assets
3.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-01-2026, 13 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
13 d early
2024
85 d early
2023
183 d early
2022
110 d early
2021
153 d early
2020
46 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 98 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 13 October (4 of the last 5 filed years within 73 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
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

History

On 19 August 2019, AXHES was incorporated as a Private limited company.1 Total assets went from EUR 69,408 in 2020 to EUR 217,282 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7,033
2024 · -€1,106
Working capital
€96,104▲ 9.0%
2024 · €88,132
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€88,844▲ 141%€31,986▼ 64.0%€32,881▲ 2.8%-€783€7,250
Net result€69,190above the sector's middle half▲ 138%€23,325within the sector's middle half▼ 66.3%€22,870within the sector's middle half▼ 2.0%-€1,106below the sector's middle half€7,033within the sector's middle half
Equity€101,617within the sector's middle half▲ 206%€124,142within the sector's middle half▲ 22.2%€146,212within the sector's middle half▲ 17.8%€145,106within the sector's middle half▼ 0.8%€140,374below the sector's middle half▼ 3.3%
Total assets€146,194within the sector's middle half▲ 111%€179,983within the sector's middle half▲ 23.1%€223,419below the sector's middle half▲ 24.1%€226,291below the sector's middle half▲ 1.3%€217,282below the sector's middle half▼ 4.0%
Debt€44,577▲ 23.2%€55,840▲ 25.3%€77,207▲ 38.3%€81,185▲ 5.2%€76,907▼ 5.3%
Working capital€91,159within the sector's middle half▲ 409%€109,689within the sector's middle half▲ 20.3%€123,153within the sector's middle half▲ 12.3%€88,132within the sector's middle half▼ 28.4%€96,104within the sector's middle half▲ 9.0%
Solvency69.5%within the sector's middle half▲ 21.6pp69.0%within the sector's middle half▼ 0.5pp65.4%within the sector's middle half▼ 3.5pp64.1%within the sector's middle half▼ 1.3pp64.6%within the sector's middle half▲ 0.5pp
Current ratio3.65within the sector's middle half▲ 1.874.35within the sector's middle half▲ 0.704.69above the sector's middle half▲ 0.343.94above the sector's middle half▼ 0.753.15within the sector's middle half▼ 0.80
Return on assets (ROA)47.3%above the sector's middle half▲ 5.5pp13.0%within the sector's middle half▼ 34.4pp10.2%within the sector's middle half▼ 2.7pp-0.5%below the sector's middle half▼ 10.7pp3.2%within the sector's middle half▲ 3.7pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000€100,000Operating result 2021: €88,844€88,844Net result 2021: €69,190€69,190Operating result 2022: €31,986€31,986Net result 2022: €23,325€23,325Operating result 2023: €32,881€32,881Net result 2023: €22,870€22,870Operating result 2024: -€783-€783Net result 2024: -€1,106-€1,106Operating result 2025: €7,250€7,250Net result 2025: €7,033€7,03320212022202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: €32,881€32,900Net result 2023: €22,870€22,900Operating result 2024: -€783-€783Net result 2024: -€1,106-€1,110Operating result 2025: €7,250€7,250Net result 2025: €7,033€7,030202320242025
The operating result returns to profit in 2025: €7,250 after a loss of €783 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217,282
Fixed assets €76,377 ▼ 29.4%
Current assets €140,905 ▲ 19.3%
Equity and liabilities €217,282
Equity €140,374 ▼ 3.3%
Debt €76,907 ▼ 5.3%
Debt's share of the balance-sheet total falls from 35.9% to 35.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€20,230▲
2024 · €16,322
Cash flow
€20,013▲
2024 · €15,998
Debt to equity
0.55▼
2024 · 0.56
ROE
5.0%▲
2024 · -0.8%
Interest coverage
8.62▲
2024 · 6.06
Debt ≤ 1 year
€44,801▲
2024 · €29,945
Debt > 1 year
€32,107▼
2024 · €51,240
Income taxes
€350▲
2024 · €307
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.0% went bankrupt
3.7% stopped otherwise
94% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 5,049 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€226,291€217,282▼
Fixed assets21/28€108,214€76,377▼
Tangible fixed assets22/27€63,214€41,377▼
Plant, machinery and equipment23€613€1,644▲
Furniture and vehicles24€57,878€36,109▼
Other tangible fixed assets26€4,724€3,623▼
Financial fixed assets28€45,000€35,000▼
Current assets29/58€118,076€140,905▲
Amounts receivable within one year40/41€28,085€33,060▲
Trade receivables40€0€874▲
Other amounts receivable41€28,085€32,187▲
Cash at bank and in hand54/58€87,650€106,674▲
Deferred charges and accrued income490/1€2,341€1,171▼
Equity and liabilities
Total equity and liabilities10/49€226,291€217,282▼
Equity10/15€145,106€140,374▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€140,106€135,374▼
Amounts payable17/49€81,185€76,907▼
Amounts payable after more than one year17€51,240€32,107▼
Financial debts170/4€51,240€32,107▼
Amounts payable within one year42/48€29,945€44,801▲
Current portion of amounts payable after more than one year42€18,501€19,133▲
Trade debts44€1,681€611▼
Suppliers440/4€1,681€611▼
Taxes, remuneration and social security45€7,836€10,788▲
Taxes450/3€7,836€10,788▲
Other amounts payable47/48€1,927€14,268▲
Accrued charges and deferred income492/3-€0
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,105€12,980▼
Other operating charges640/8€3,936€1,703▼
Non-recurring operating charges66A-€24
Gross operating margin9900€20,258€21,957▲
Operating profit (loss)9901-€783€7,250▲
Financial income75/76B€2,678€2,479▼
Recurring financial income75€2,678€2,479▼
Financial charges65/66B€2,694€2,346▼
Recurring financial charges65€2,694€2,346▼
Profit (loss) for the period before taxes9903-€799€7,383▲
Income taxes67/77€307€350▲
Profit (loss) for the period9904-€1,106€7,033▲
Profit (loss) for the period to be appropriated9905-€1,106€7,033▲
Appropriation of the result
Profit (loss) to be appropriated9906€140,106€147,139▲
Profit (loss) brought forward from the previous period14P€141,212€140,106▼
Profit to be distributed694/7-€11,765
Return on contributions (dividend)694-€11,765

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61-€76,250----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,037€11,993€17,539€17,105€12,980▼ 24.1%
Other operating charges640/8-€724€1,341€3,936€1,703▼ 56.7%
Non-recurring operating charges66A----€24-
Gross operating margin9900€100,405€44,703€51,761€20,258€21,957▲ 8.4%
Operating profit (loss)9901€88,844€31,986€32,881-€783€7,250▲ 1,026%
Financial income75/76B-€9€241€2,678€2,479▼ 7.4%
Recurring financial income75-€9€241€2,678€2,479▼ 7.4%
Financial charges65/66B-€366€1,421€2,694€2,346▼ 12.9%
Recurring financial charges65€570€366€1,421€2,694€2,346▼ 12.9%
Profit (loss) for the period before taxes9903€88,274€31,630€31,700-€799€7,383▲ 1,024%
Income taxes67/77€19,084€8,304€8,831€307€350▲ 14.0%
Profit (loss) for the period9904€69,190€23,325€22,870-€1,106€7,033▲ 736%
Profit (loss) for the period to be appropriated9905€69,190€23,325€22,870-€1,106€7,033▲ 736%
Line20212022202320242025Change
Assets
Total assets20/58€146,194€179,983€223,419€226,291€217,282▼ 4.0%
Fixed assets21/28€20,589€37,545€66,910€108,214€76,377▼ 29.4%
Tangible fixed assets22/27€20,589€37,545€21,910€63,214€41,377▼ 34.5%
Plant, machinery and equipment23-€0€0€613€1,644▲ 168%
Furniture and vehicles24-€37,545€21,910€57,878€36,109▼ 37.6%
Other tangible fixed assets26---€4,724€3,623▼ 23.3%
Financial fixed assets28--€45,000€45,000€35,000▼ 22.2%
Current assets29/58€125,606€142,438€156,509€118,076€140,905▲ 19.3%
Amounts receivable within one year40/41€4,726€6,884€39,609€28,085€33,060▲ 17.7%
Trade receivables40-€6,753€39,600€0€874-
Other amounts receivable41-€131€9€28,085€32,187▲ 14.6%
Cash at bank and in hand54/58€120,227€134,092€114,426€87,650€106,674▲ 21.7%
Deferred charges and accrued income490/1-€1,461€2,474€2,341€1,171▼ 50.0%
Equity and liabilities
Total equity and liabilities10/49€146,194€179,983€223,419€226,291€217,282▼ 4.0%
Equity10/15€101,617€124,142€146,212€145,106€140,374▼ 3.3%
Contributions10/11-€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14€96,617€119,142€141,212€140,106€135,374▼ 3.4%
Amounts payable17/49€44,577€55,840€77,207€81,185€76,907▼ 5.3%
Amounts payable after more than one year17€10,131€23,091€43,850€51,240€32,107▼ 37.3%
Financial debts170/4-€23,091€43,850€51,240€32,107▼ 37.3%
Amounts payable within one year42/48€34,447€32,749€33,356€29,945€44,801▲ 49.6%
Current portion of amounts payable after more than one year42-€11,236€16,201€18,501€19,133▲ 3.4%
Trade debts44€1,312€8,276€3,390€1,681€611▼ 63.6%
Suppliers440/4-€8,276€3,390€1,681€611▼ 63.6%
Taxes, remuneration and social security45-€11,587€8,410€7,836€10,788▲ 37.7%
Taxes450/3-€11,587€8,410€7,836€10,788▲ 37.7%
Other amounts payable47/48-€1,650€5,356€1,927€14,268▲ 640%
Accrued charges and deferred income492/3----€0-
Line20212022202320242025Change
Profit (loss) for the period9904€69,190€23,325€22,870-€1,106€7,033▲ 736%
+ Depreciation and write-downs630€11,037€11,993€17,539€17,105€12,980▼ 24.1%
Operating cash flow (approximation)€80,226€35,318€40,409€15,998€20,013▲ 25.1%
Investment in fixed assets (approximation)--€28,949-€46,904-€58,409€18,858▲ 132%
Change in cash-€13,865-€19,666-€26,776€19,023▲ 171%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
15-06
State Gazette act General meeting · Share transfer
Shareholding · Director appointment
18-01
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial Back to profitnet €7,033
Net result €7,033 after one loss-making year.
2024
07-11
NBB filing Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial Weakest financial yearnet -€1,106
Net result drops to -€1,106, the lowest in the series; recovery starts the following year.
2023
01-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2022
13-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial Highest result since 2020net €69,190 ▲138%
Operating result €88,844, net result €69,190, both a record.
30-06
Financial Liquidity doublescurrent ratio 3.65
Current ratio from 1.78 to 3.65.
30-06
Financial Equity above €100,000Eq €101,617 ▲206%
2 profitable years in a row build equity to €101,617.
2020
16-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Juprelle · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
884 m²
Building footprint
134 m²
Volume, LiDAR
889 m³
Parcel 62115A0111/00K004, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
AXHES
Passage de la Béguine 43, 4452 JuprelleTemporary employment agencies and other provision of personnel
since 20192.292.260.250
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62115A0111/00K004 Wallonia 884 m² 1 · 134 m² 8.3 m · 2 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.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 30-06-2025 list no shareholders, and no other source names one.

Holdings 2

According to the annual accounts to 30-06-2025 of AXHES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,901 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
Founded19-08-2019
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
Contact
Website www.axhes.be
E-mail info@axhes.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0732670001
Also 9925:BE0732670001
Registered 09-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.