Axis MVD
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 43% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €329,763 | €165,156 |
| Depreciation and write-downs of the year | - | €5,158 | €27,757 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €559 awarded · €559 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €93 | €93 |
| 2024 | 1 | €264 | €264 |
| 2023 | 1 | €202 | €202 |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,158 | €27,757 | ▲ 438% |
| Other operating charges640/8 | €1,674 | €1,394 | €3,072 | ▲ 120% |
| Gross operating margin9900 | €69,728 | €50,791 | €55,962 | ▲ 10.2% |
| Operating profit (loss)9901 | €68,053 | €44,239 | €25,133 | ▼ 43.2% |
| Financial charges65/66B | €46 | €4,038 | €9,978 | ▲ 147% |
| Recurring financial charges65 | €46 | €4,038 | €9,978 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €68,008 | €40,201 | €15,155 | ▼ 62.3% |
| Income taxes67/77 | €19,575 | €11,407 | €3,344 | ▼ 70.7% |
| Profit (loss) for the period9904 | €48,433 | €28,794 | €11,811 | ▼ 59.0% |
| Profit (loss) for the period to be appropriated9905 | €48,433 | €28,794 | €11,811 | ▼ 59.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €59,068 | €378,287 | €486,978 | ▲ 28.7% |
| Fixed assets21/28 | - | €324,605 | €462,004 | ▲ 42.3% |
| Tangible fixed assets22/27 | - | €324,605 | €462,004 | ▲ 42.3% |
| Land and buildings22 | - | €324,605 | €428,557 | ▲ 32.0% |
| Plant, machinery and equipment23 | - | - | €32,537 | - |
| Furniture and vehicles24 | - | - | €910 | - |
| Current assets29/58 | €59,068 | €53,682 | €24,974 | ▼ 53.5% |
| Amounts receivable within one year40/41 | - | - | €14,618 | - |
| Trade receivables40 | - | - | €6,747 | - |
| Other amounts receivable41 | - | - | €7,871 | - |
| Cash at bank and in hand54/58 | €59,068 | €53,154 | €9,430 | ▼ 82.3% |
| Deferred charges and accrued income490/1 | - | €528 | €925 | ▲ 75.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €59,068 | €378,287 | €486,978 | ▲ 28.7% |
| Equity10/15 | €51,433 | €80,227 | €92,038 | ▲ 14.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €48,433 | €77,227 | €89,038 | ▲ 15.3% |
| Distributable reserves133 | €48,433 | €77,227 | €89,038 | ▲ 15.3% |
| Amounts payable17/49 | €7,635 | €298,061 | €394,940 | ▲ 32.5% |
| Amounts payable after more than one year17 | - | €262,433 | €326,108 | ▲ 24.3% |
| Financial debts170/4 | - | €262,433 | €326,108 | ▲ 24.3% |
| Amounts payable within one year42/48 | €5,887 | €26,935 | €68,833 | ▲ 156% |
| Current portion of amounts payable after more than one year42 | - | €17,432 | €36,838 | ▲ 111% |
| Financial debts43 | - | - | €32 | - |
| Credit institutions430/8 | - | - | €32 | - |
| Trade debts44 | €954 | €3,158 | €30,556 | ▲ 868% |
| Suppliers440/4 | €954 | €3,158 | €30,556 | ▲ 868% |
| Taxes, remuneration and social security45 | €4,575 | €5,982 | €1,407 | ▼ 76.5% |
| Taxes450/3 | €4,575 | €5,982 | €1,407 | ▼ 76.5% |
| Other amounts payable47/48 | €358 | €363 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1,748 | €8,692 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,433 | €28,794 | €11,811 | ▼ 59.0% |
| + Depreciation and write-downs630 | - | €5,158 | €27,757 | ▲ 438% |
| Operating cash flow (approximation) | €48,433 | €33,952 | €39,568 | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | - | -€165,156 | - |
| Change in cash | - | -€5,914 | -€43,724 | ▼ 639% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 896 companies had the same profile as Axis MVD has now. Two years later, 98.1% were still going and 1.1% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Axis MVD itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 896 companies, not a prediction for Axis MVD. 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.