Equity
AXIOHM paid out €26,325 in dividends. That is 149% of the 2025 profit.
AXIOHM paid out €26,325 in dividends. That is 149% of the 2025 profit.
The accounts state no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €26,304 to €67,654.
The last five annual accounts were filed 0 to 1 days before the end of the period.
Less equity than 90% of companies in wholesale trade. Sector median €1.6m · 6,119 companies.
The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).
Fewer than 1 in 1,000 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 46, micro). It does better than 48% of them on solvency, 74% on liquidity, 83% on profitability and 21% on growth.
The bankruptcy probability was computed on 06-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as AXIOHM has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of AXIOHM itself: < 0.1% 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 34,693 companies, not a prediction for AXIOHM. 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 ample, with a current ratio of 1.6 (2.99 in 2024), above the usual 1.5. Short-term debt is 60.7% and cash 65.2% of total assets. However, 60.7% 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 on the deadline day. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AXIOHM Liège | €111,392 | €27,826 | 39.3% | - |
| VKB BELGIUM Manhay | €100,284 | €31,223 | 44.3% | - |
| M & G INVEST Antwerp | €113,865 | €27,307 | 44.4% | - |
| BROEKAERT C Gavere | €117,045 | €24,382 | 75.8% | - |
| ART IN MOTION Woluwe-Saint-Pierre | €89,920 | €21,800 | 48.7% | - |
| DIVERSIS Liège | €118,942 | €22,294 | 67.3% | - |
| DOLOMITI Huy | €105,191 | €17,643 | 92.6% | - |
These companies have the same main activity as AXIOHM: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €89,900 and €119,000, founded between 2009 and 2013.
AXIOHM has existed since 2013. The gross margin grew from €10,739 in 2014 to €27,826 in 2025.
Solvency fell in 2025 from 66.6% to 39.3% because of the dividend.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €76,000 and €310,000.
Higher than 43% of 6,188 companies in 2025.
Higher than 44% of 6,108 companies in 2025.
Higher than 89% of 6,172 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
111,392 | 78,724 | 97,482 | 70,995 | 36,176 | 39,231 | 38,601 | 27,939 | 61,516 | 65,995 | 23,136 | 40,855 | |
21/28 |
3,252 | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
3,252 | - | - | - | - | - | - | - | - | - | - | - | |
23 |
3,252 | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
108,139 | 78,724 | 97,482 | 70,995 | 36,176 | 39,231 | 38,601 | 27,939 | 61,516 | 65,995 | 23,136 | 40,855 | |
40/41 |
35,558 | 42,788 | 34,511 | 48,145 | 10,593 | 15,939 | 13,884 | 12,091 | 15,082 | 16,078 | 2,822 | 9,461 | |
40 |
32,189 | 34,704 | 18,033 | 48,104 | 5,335 | 7,816 | 11,377 | 7,582 | 7,450 | 4,428 | 723 | 4,446 | |
41 |
3,369 | 8,084 | 16,478 | 41 | 5,258 | 8,123 | 2,508 | 4,509 | 7,633 | 11,650 | 2,100 | 5,015 | |
54/58 |
72,582 | 35,936 | 62,972 | 22,851 | 25,583 | 23,292 | 24,716 | 15,848 | 46,434 | 49,917 | 20,314 | 31,394 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
111,392 | 78,724 | 97,482 | 70,995 | 36,176 | 39,231 | 38,601 | 27,939 | 61,516 | 65,995 | 23,136 | 40,855 | |
10/15 |
43,737 | 52,419 | 50,355 | 44,731 | 24,850 | 24,842 | 18,398 | 9,411 | 9,341 | 9,423 | 10,011 | 10,159 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 8,550 | 8,550 | 8,550 | 8,550 | 8,550 | 8,550 | |
11 |
- | - | - | - | - | 10,000 | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 10,000 | - | - | - | - | - | - | |
13 |
27,186 | 35,868 | 33,804 | 28,180 | 8,299 | 8,299 | 1,855 | 159 | 159 | 159 | 159 | 159 | |
130/1 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,855 | 159 | 159 | 159 | 159 | 159 | |
1311 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 1,855 | - | - | - | - | - | - | |
133 |
25,331 | 34,013 | 31,949 | 26,325 | 6,444 | 6,444 | - | - | - | - | - | - | |
14 |
6,551 | 6,551 | 6,551 | 6,551 | 6,551 | 6,543 | 6,543 | -748 | -818 | -736 | -148 | - | |
17/49 |
67,654 | 26,304 | 47,127 | 26,264 | 11,326 | 14,389 | 20,203 | 18,527 | 52,175 | 56,572 | 13,125 | 30,696 | |
42/48 |
67,654 | 26,304 | 46,740 | 26,264 | 11,326 | 14,389 | 20,203 | 14,904 | 48,772 | 48,641 | 7,182 | 26,637 | |
44 |
4,074 | 1,857 | 17,297 | 1,093 | 3,900 | 4,278 | 3,684 | 3,584 | 41,826 | 18,906 | 6,722 | 26,275 | |
440/4 |
4,074 | 1,857 | 17,297 | 1,093 | 3,900 | 4,278 | 3,684 | 3,584 | 41,826 | 18,906 | 6,722 | 26,275 | |
45 |
7,701 | 642 | 11,306 | 12,621 | 91 | - | 4,761 | - | 550 | 26,531 | 460 | 362 | |
450/3 |
7,701 | 642 | 11,306 | 12,621 | 91 | - | 4,761 | - | 550 | 291 | 460 | 362 | |
454/9 |
- | - | - | - | - | - | - | - | - | 26,240 | - | - | |
47/48 |
55,879 | 23,805 | 18,137 | 12,550 | 7,335 | 10,111 | 11,758 | 11,320 | 6,397 | 3,204 | - | - | |
492/3 |
- | 0 | 387 | - | - | - | - | 3,623 | 3,403 | 7,931 | 5,944 | 4,059 | |
| Income statement | |||||||||||||
9900 |
27,826 | 4,532 | 9,778 | 31,235 | 909 | 11,220 | 15,289 | 1,395 | 832 | 394 | 1,085 | 10,739 | |
62 |
- | - | - | - | - | - | - | - | 103 | - | -103 | 8,478 | |
630 |
303 | - | - | - | - | - | - | - | - | - | - | 986 | |
640/8 |
620 | 608 | 607 | 568 | 568 | 568 | 1,468 | 568 | 568 | 568 | 568 | 695 | |
9901 |
26,903 | 3,924 | 9,171 | 30,668 | 341 | 10,653 | 13,821 | 828 | 161 | -174 | 621 | 579 | |
75/76B |
471 | - | - | 0 | 3 | 103 | 0 | - | 481 | 133 | 114 | 159 | |
75 |
471 | - | - | 0 | 3 | 103 | 0 | - | 481 | 133 | 114 | 159 | |
65/66B |
172 | 140 | 221 | 123 | 86 | 75 | 74 | 79 | 175 | 277 | 431 | 215 | |
65 |
172 | 140 | 221 | 123 | 86 | 75 | 74 | 79 | 175 | 277 | 431 | 215 | |
9903 |
27,202 | 3,784 | 8,950 | 30,545 | 258 | 10,681 | 13,748 | 748 | 467 | -318 | 305 | 524 | |
67/77 |
9,559 | 1,720 | 3,325 | 10,664 | 250 | 4,237 | 4,761 | 678 | 550 | 270 | 453 | 365 | |
9904 |
17,643 | 2,064 | 5,624 | 19,881 | 8 | 6,444 | 8,987 | 70 | -83 | -588 | -148 | 159 | |
9905 |
17,643 | 2,064 | 5,624 | 19,881 | 8 | 6,444 | 8,987 | 70 | -83 | -588 | -148 | 159 | |
| Appropriation of the result | |||||||||||||
9906 |
24,194 | 8,615 | 12,175 | 26,432 | 6,551 | 12,987 | 8,239 | -748 | -818 | -736 | -148 | 159 | |
14P |
6,551 | 6,551 | 6,551 | 6,551 | - | - | - | - | - | - | - | - | |
791/2 |
26,325 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
17,643 | 2,064 | 5,624 | 19,881 | 0 | 6,444 | 1,696 | - | - | - | - | 159 | |
6920 |
- | - | - | - | - | - | 1,696 | - | - | - | - | 159 | |
6921 |
17,643 | 2,064 | 5,624 | 19,881 | 0 | 6,444 | - | - | - | - | - | - | |
694/7 |
26,325 | - | - | - | - | - | - | - | - | - | - | - | |
694 |
26,325 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | 0.2 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | 494 | |
| Document | |||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 30-01-2026 | 2026-00030808 | |
| 30-06-2024 | full format | 31-01-2025 | 2025-00027019 | |
| 30-06-2023 | full format | 31-01-2024 | 2024-00021471 | |
| 30-06-2022 | full format | 31-01-2023 | 2023-00020105 | |
| 30-06-2021 | full format | 31-01-2022 | 2022-02800509 | |
| 30-06-2020 | full format | 29-01-2021 | 2021-02500496 | |
| 30-06-2019 | full format | 31-01-2020 | 2020-02800135 | |
| 30-06-2018 | full format | 28-01-2019 | 2019-02300365 | |
| 30-06-2017 | full format | 31-01-2018 | 2018-03200022 | |
| 30-06-2016 | full format | 31-01-2017 | 2017-03000575 | |
| 30-06-2015 | full format | 29-02-2016 | 2016-05000485 | |
| 30-06-2014 | full format | 10-02-2015 | 2015-03800506 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27,206 | - | - | - | - | - | - | - | - | - | - | 1,565 | ||
| 17,946 | - | - | - | - | - | - | - | - | - | - | 1,145 | ||
| 3,555 | - | - | - | - | - | - | - | - | - | - | - | ||
| 36,646 | -27,035 | 40,121 | -2,733 | 2,291 | -1,424 | 8,868 | -30,586 | -3,483 | 29,603 | -11,080 | - | ||
| 40,485 | 52,419 | 50,743 | 44,731 | 24,850 | 24,842 | 18,398 | 13,034 | 12,744 | 17,354 | 15,955 | 14,218 | ||
| 39.3% | 66.6% | 51.7% | 63.0% | 68.7% | 63.3% | 47.7% | 33.7% | 15.2% | 14.3% | 43.3% | 24.9% | ||
| 1.60 | 2.99 | 2.09 | 2.70 | 3.19 | 2.73 | 1.91 | 1.87 | 1.26 | 1.36 | 3.22 | 1.53 | ||
| 1.55 | 0.50 | 0.94 | 0.59 | 0.46 | 0.58 | 1.10 | 1.97 | 5.59 | 6.00 | 1.31 | 3.02 | ||
| 40.3% | 3.9% | 11.2% | 44.4% | 0.0% | 25.9% | 48.8% | 0.7% | -0.9% | -6.2% | -1.5% | 1.6% | ||
| 15.8% | 2.6% | 5.8% | 28.0% | 0.0% | 16.4% | 23.3% | 0.3% | -0.1% | -0.9% | -0.6% | 0.4% | ||
| over 100 | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €3,555 | - | - | - |
| €303 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 6.9 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 33.4% to 60.7%. Equity is lower and debt is higher.
AXIOHM has no parent and no holdings in its annual accounts. GARCEVIC Aida is the only director. AXIOHM shares no director with another company.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Parlement 11 registered office 4020 Liège | 15-07-2013 | 2.220.977.524 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62808A0959/00P002 | 153 m² | 1 · 58 m² | 14.3 m · 5 |
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