AXION
ActiveSummary
AXION has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€87,411) and a net result of €844. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 7% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-29
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.45 in 2023; short-term debt: 267.9% and cash: 49.8% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 2024Solvency, return and age of the figures
Solvency
-167.9%
Return on assets
1.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 26043 sector peers (2024).
NBB · sector comparisonPosition among 26043 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
38 d early
2023
30 d early
2022
41 d early
2021
37 d early
2020
33 d early
2019
14 d early
← 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 33 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
-€87,411▲ 1.0%
2023 · -€88,255
Total assets
€52,070▼ 50.2%
2023 · €104,482
Net result
€844▼ 98.5%
2023 · €56,147
Working capital
-€96,791▲ 8.1%
2023 · -€105,283
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result-€26,171▲ 64.9%€24,754€53,777▲ 117%€56,066▲ 4.3%€904▼ 98.4%
Net result-€26,742below the sector's middle half▲ 64.0%€23,742within the sector's middle half€53,830within the sector's middle half▲ 127%€56,147within the sector's middle half▲ 4.3%€844within the sector's middle half▼ 98.5%
Equity-€221,974below the sector's middle half▼ 13.7%-€198,232below the sector's middle half▲ 10.7%-€144,402below the sector's middle half▲ 27.2%-€88,255below the sector's middle half▲ 38.9%-€87,411below the sector's middle half▲ 1.0%
Total assets€160,677below the sector's middle half▼ 18.1%€160,438below the sector's middle half▼ 0.1%€111,040below the sector's middle half▼ 30.8%€104,482below the sector's middle half▼ 5.9%€52,070below the sector's middle half▼ 50.2%
Debt€382,650▼ 2.3%€358,671▼ 6.3%€255,442▼ 28.8%€192,737▼ 24.5%€139,481▼ 27.6%
Working capital-€316,064below the sector's middle half▼ 39.1%-€227,191below the sector's middle half▲ 28.1%-€170,616below the sector's middle half▲ 24.9%-€105,283below the sector's middle half▲ 38.3%-€96,791below the sector's middle half▲ 8.1%
Solvency-138.1%below the sector's middle half▼ 38.7pp-123.6%below the sector's middle half▲ 14.6pp-130.0%below the sector's middle half▼ 6.5pp-84.5%below the sector's middle half▲ 45.6pp-167.9%below the sector's middle half▼ 83.4pp
Current ratio0.17below the sector's middle half▼ 0.250.37below the sector's middle half▲ 0.190.33below the sector's middle half▼ 0.030.45below the sector's middle half▲ 0.120.31below the sector's middle half▼ 0.15
Return on assets (ROA)-16.6%below the sector's middle half▲ 21.2pp14.8%above the sector's middle half▲ 31.4pp48.5%above the sector's middle half▲ 33.7pp53.7%above the sector's middle half▲ 5.3pp1.6%within the sector's middle half▼ 52.1pp
Staff (FTE)1below the sector's middle half0.1below the sector's middle half▼ 90.0%0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 falls in 2024; 2024 is 98% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52,070
Fixed assets
€9,380 ▼ 44.9%
Current assets
€42,690 ▼ 51.2%
Key figures and ratios
EBITDA
€10,267▼
2023 · €65,252
Cash flow
€10,207▼
2023 · €65,333
Quick ratio
0.27▲
2023 · 0.19
Debt to equity
-1.60▲
2023 · -2.18
Interest coverage
69.71▼
2023 · 421.96
Debt ≤ 1 year
€139,481▼
2023 · €192,737
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,379 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,035 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €3,101 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,551 | €8,167 | €8,556 | €9,186 | €9,363 | ▲ 1.9% |
| Other operating charges640/8 | - | €1,875 | €1,988 | €910 | €5,693 | ▲ 526% |
| Gross operating margin9900 | €25,643 | €37,897 | €64,321 | €66,162 | €15,960 | ▼ 75.9% |
| Operating profit (loss)9901 | -€26,171 | €24,754 | €53,777 | €56,066 | €904 | ▼ 98.4% |
| Financial income75/76B | - | €41 | €195 | €236 | €88 | ▼ 62.8% |
| Recurring financial income75 | €47 | €41 | €195 | €236 | €88 | ▼ 62.8% |
| Financial charges65/66B | - | €1,054 | €142 | €155 | €147 | ▼ 4.8% |
| Recurring financial charges65 | €501 | €1,054 | €142 | €155 | €147 | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | -€26,625 | €23,742 | €53,830 | €56,147 | €844 | ▼ 98.5% |
| Income taxes67/77 | €118 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€26,742 | €23,742 | €53,830 | €56,147 | €844 | ▼ 98.5% |
| Profit (loss) for the period to be appropriated9905 | -€26,742 | €23,742 | €53,830 | €56,147 | €844 | ▼ 98.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160,677 | €160,438 | €111,040 | €104,482 | €52,070 | ▼ 50.2% |
| Fixed assets21/28 | €94,090 | €28,959 | €26,214 | €17,028 | €9,380 | ▼ 44.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €92,590 | €27,459 | €24,179 | €14,993 | €7,880 | ▼ 47.4% |
| Plant, machinery and equipment23 | - | - | - | - | €1,977 | - |
| Furniture and vehicles24 | - | €25,625 | €21,821 | €13,027 | €4,330 | ▼ 66.8% |
| Other tangible fixed assets26 | - | €1,833 | €2,359 | €1,966 | €1,574 | ▼ 20.0% |
| Financial fixed assets28 | €1,500 | €1,500 | €2,035 | €2,035 | €1,500 | ▼ 26.3% |
| Current assets29/58 | €66,587 | €131,480 | €84,826 | €87,455 | €42,690 | ▼ 51.2% |
| Stocks and contracts in progress3 | €34,464 | €66,863 | €48,025 | €51,257 | €5,433 | ▼ 89.4% |
| Stocks30/36 | - | €66,863 | €48,025 | €51,257 | €5,433 | ▼ 89.4% |
| Amounts receivable within one year40/41 | €18,801 | €29,090 | €20,209 | €18,370 | €8,701 | ▼ 52.6% |
| Trade receivables40 | - | €27,218 | €18,047 | €15,766 | €6,740 | ▼ 57.3% |
| Other amounts receivable41 | - | €1,872 | €2,161 | €2,604 | €1,961 | ▼ 24.7% |
| Cash at bank and in hand54/58 | €10,886 | €33,025 | €14,281 | €15,443 | €25,955 | ▲ 68.1% |
| Deferred charges and accrued income490/1 | - | €2,502 | €2,311 | €2,384 | €2,600 | ▲ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160,677 | €160,438 | €111,040 | €104,482 | €52,070 | ▼ 50.2% |
| Equity10/15 | -€221,974 | -€198,232 | -€144,402 | -€88,255 | -€87,411 | ▲ 1.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€228,174 | -€204,432 | -€150,602 | -€94,455 | -€93,611 | ▲ 0.9% |
| Amounts payable17/49 | €382,650 | €358,671 | €255,442 | €192,737 | €139,481 | ▼ 27.6% |
| Amounts payable within one year42/48 | €382,650 | €358,671 | €255,442 | €192,737 | €139,481 | ▼ 27.6% |
| Trade debts44 | €17,813 | €24,202 | €1,405 | €8,828 | €16,446 | ▲ 86.3% |
| Suppliers440/4 | - | €24,202 | €1,405 | €8,828 | €16,446 | ▲ 86.3% |
| Taxes, remuneration and social security45 | - | €4,812 | €4,770 | €3,191 | €3,061 | ▼ 4.0% |
| Taxes450/3 | - | €4,812 | €4,770 | €3,191 | €3,061 | ▼ 4.0% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €329,657 | €249,266 | €180,719 | €119,973 | ▼ 33.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,742 | €23,742 | €53,830 | €56,147 | €844 | ▼ 98.5% |
| + Depreciation and write-downs630 | €13,551 | €8,167 | €8,556 | €9,186 | €9,363 | ▲ 1.9% |
| Operating cash flow (approximation) | -€13,191 | €31,908 | €62,387 | €65,333 | €10,207 | ▼ 84.4% |
| Investment in fixed assets (approximation) | - | €56,965 | -€5,812 | €0 | -€1,715 | - |
| Change in cash | - | €22,140 | -€18,744 | €1,162 | €10,512 | ▲ 805% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €56,147 ▲4.3%
Operating result €56,066, net result €56,147, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €23,742
Net result €23,742 after 3 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€74,213
Net result drops to -€74,213, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Baarle-Hertog · 1 establishment unit since 2015
Ground area
1,748 m²
Building footprint
687 m²
Volume, LiDAR
3,392 m³
Parcel 13002C0086/00F000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
AXION
since 20152.247.749.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13002C0086/00F000 | Flanders | 1,748 m² | 1 · 687 m² | 7.1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Kontich
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,445 companies in sector 47820 we hold annual accounts for 780. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47820Retail sale of motor vehicle parts and accessories
46190Agents in non-specialised wholesale trade
46442Wholesale trade
47300Retail sale of automotive fuel
47783Retail trade
52100Warehousing and storage
52250Logistics services
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0636975541
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.