AXIS DEVELOPMENT IT
ActiveSummary
For AXIS DEVELOPMENT IT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €184,377 and a net result of €27,638. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 18483 sector peers (fiscal year 2023). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability81▲+4
Solvency90▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
64.7%
Return on assets
9.7%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-08-2024, 27 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
27 d late
2022
26 d late
2021
24 d late
2020
5 d late
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€184,377▲ 17.6%
2022 · €156,739
Total assets
€284,905▲ 8.1%
2022 · €263,659
Net result
€27,638▲ 61.2%
2022 · €17,140
Working capital
€174,071▲ 5.8%
2022 · €164,503
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€22,671▲ 32.6%€41,375▲ 82.5%€57,995▲ 40.2%€18,914▼ 67.4%€35,911▲ 89.9%
Net result€15,033▼ 14.7%€36,224▲ 141%€43,759▲ 20.8%€17,140▼ 60.8%€27,638▲ 61.2%
Equity€79,615▲ 23.3%€95,839▲ 20.4%€139,598▲ 45.7%€156,739▲ 12.3%€184,377▲ 17.6%
Total assets€112,555▲ 29.5%€176,796▲ 57.1%€197,149▲ 11.5%€263,659▲ 33.7%€284,905▲ 8.1%
Debt€32,940▲ 47.6%€80,957▲ 146%€57,550▼ 28.9%€106,920▲ 85.8%€100,528▼ 6.0%
Working capital€63,751▲ 44.6%€80,983▲ 27.0%€130,591▲ 61.3%€164,503▲ 26.0%€174,071▲ 5.8%
Staff (FTE)0.5=0.5=0.7▲ 40.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 90% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €284,905
Fixed assets
€10,888 ▲ 22.6%
Current assets
€274,017 ▲ 7.6%
Equity and liabilities €284,905
Equity
€184,377 ▲ 17.6%
Debt
€100,528 ▼ 6.0%
Debt's share of the balance-sheet total falls from 40.6% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37,456▲
2022 · €20,380
Cash flow
€29,184▲
2022 · €18,606
Current ratio
2.74▼
2022 · 2.82
Debt to equity
0.55▼
2022 · 0.68
ROE
15.0%▲
2022 · 10.9%
ROA
9.7%▲
2022 · 6.5%
Interest coverage
45.15▲
2022 · 12.66
Debt ≤ 1 year
€99,946▲
2022 · €90,277
Debt > 1 year
€582▼
2022 · €16,644
Income taxes
€14,043▲
2022 · €6,679
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €23,575 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,251 | €8,008 | €9,066 | €1,466 | €1,546 | ▲ 5.4% |
| Other operating charges640/8 | - | - | €918 | - | - | - |
| Gross operating margin9900 | €61,392 | €76,734 | €91,553 | €20,380 | €37,456 | ▲ 83.8% |
| Operating profit (loss)9901 | €22,671 | €41,375 | €57,995 | €18,914 | €35,911 | ▲ 89.9% |
| Financial income75/76B | - | - | €4,340 | €6,515 | €6,600 | ▲ 1.3% |
| Recurring financial income75 | €1 | €2,628 | €4,340 | €6,515 | €6,600 | ▲ 1.3% |
| Financial charges65/66B | - | - | €327 | €1,610 | €830 | ▼ 48.5% |
| Recurring financial charges65 | €249 | €189 | €327 | €1,610 | €830 | ▼ 48.5% |
| Profit (loss) for the period before taxes9903 | €22,423 | €43,814 | €62,008 | €23,819 | €41,681 | ▲ 75.0% |
| Income taxes67/77 | €7,390 | €7,590 | €18,248 | €6,679 | €14,043 | ▲ 110% |
| Profit (loss) for the period9904 | €15,033 | €36,224 | €43,759 | €17,140 | €27,638 | ▲ 61.2% |
| Profit (loss) for the period to be appropriated9905 | €15,033 | €36,224 | €43,759 | €17,140 | €27,638 | ▲ 61.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,555 | €176,796 | €197,149 | €263,659 | €284,905 | ▲ 8.1% |
| Fixed assets21/28 | €15,864 | €17,856 | €9,355 | €8,879 | €10,888 | ▲ 22.6% |
| Tangible fixed assets22/27 | €15,864 | €17,856 | €9,355 | €8,879 | €10,888 | ▲ 22.6% |
| Furniture and vehicles24 | - | - | €431 | €956 | €3,964 | ▲ 315% |
| Other tangible fixed assets26 | - | - | €8,924 | €7,924 | €6,924 | ▼ 12.6% |
| Current assets29/58 | €96,691 | €158,940 | €187,794 | €254,780 | €274,017 | ▲ 7.6% |
| Amounts receivable after more than one year29 | - | - | €172,000 | €220,000 | €220,000 | = |
| Other amounts receivable291 | - | - | €172,000 | €220,000 | €220,000 | = |
| Amounts receivable within one year40/41 | €22,084 | €12,732 | €8,491 | €34,675 | €44,016 | ▲ 26.9% |
| Trade receivables40 | - | - | €8,491 | €34,460 | €39,891 | ▲ 15.8% |
| Other amounts receivable41 | - | - | - | €215 | €4,125 | ▲ 1,819% |
| Cash at bank and in hand54/58 | €74,279 | €12,660 | €6,614 | - | €10,001 | - |
| Deferred charges and accrued income490/1 | - | - | €689 | €105 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,555 | €176,796 | €197,149 | €263,659 | €284,905 | ▲ 8.1% |
| Equity10/15 | €79,615 | €95,839 | €139,598 | €156,739 | €184,377 | ▲ 17.6% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €35,393 | €51,617 | €51,617 | €51,617 | €79,255 | ▲ 53.5% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €49,757 | €49,757 | €77,395 | ▲ 55.5% |
| Profit (loss) carried forward14 | €38,022 | €38,022 | €81,781 | €98,922 | €98,922 | = |
| Amounts payable17/49 | €32,940 | €80,957 | €57,550 | €106,920 | €100,528 | ▼ 6.0% |
| Amounts payable after more than one year17 | - | - | - | €16,644 | €582 | ▼ 96.5% |
| Financial debts170/4 | - | - | - | €16,644 | €582 | ▼ 96.5% |
| Amounts payable within one year42/48 | €32,940 | €77,957 | €57,203 | €90,277 | €99,946 | ▲ 10.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,860 | - |
| Financial debts43 | - | - | - | €2,420 | - | - |
| Credit institutions430/8 | - | - | - | €2,420 | - | - |
| Trade debts44 | €2,148 | €13,735 | €2,509 | €42,066 | €38,995 | ▼ 7.3% |
| Suppliers440/4 | - | - | €2,509 | €42,066 | €38,995 | ▼ 7.3% |
| Taxes, remuneration and social security45 | - | - | €33,610 | €24,896 | €34,091 | ▲ 36.9% |
| Taxes450/3 | - | - | €33,610 | €24,896 | €34,091 | ▲ 36.9% |
| Other amounts payable47/48 | - | - | €21,083 | €20,895 | €20,000 | ▼ 4.3% |
| Accrued charges and deferred income492/3 | - | - | €348 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,033 | €36,224 | €43,759 | €17,140 | €27,638 | ▲ 61.2% |
| + Depreciation and write-downs630 | €8,251 | €8,008 | €9,066 | €1,466 | €1,546 | ▲ 5.4% |
| Operating cash flow (approximation) | €23,284 | €44,232 | €52,825 | €18,606 | €29,184 | ▲ 56.8% |
| Investment in fixed assets (approximation) | - | -€10,000 | -€565 | -€991 | -€3,554 | ▼ 259% |
| Change in cash | - | -€61,620 | -€6,045 | - | - | - |
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
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-12
Financial
Equity above €150,000Eq €156,739 ▲12.3%
5 profitable years in a row build equity to €156,739.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €43,759 ▲20.8%
Operating result €57,995, net result €43,759, both a record.
31-12
Financial
Equity above €100,000Eq €139,598 ▲45.7%
4 profitable years in a row build equity to €139,598.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €15,033 ▼14.7%
Net result drops to €15,033, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Beauvechain · 1 establishment unit since 2016
Ground area
1,076 m²
Building footprint
166 m²
Volume, LiDAR
895 m³
Parcel 25038C0175/00X006, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Axis Development IT
since 20162.251.117.897
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25038C0175/00X006 | Wallonia | 1,076 m² | 1 · 166 m² | 8.0 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.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 6,745 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 (pre-2019)
Founded08-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
43211General electrical installation work
46500Wholesale of information and communication equipment
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Contact
E-mail
tahar.alkaissi@gmail.comBeauvechain
Phone
010439741Beauvechain
Scores and ratios are computed by Checked and are not a credit decision.