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AXO GROUP

Active
Private limited companyfounded 20224 yrs activeBrugsevaart 59, 9030 Gent, BelgiumKBO/BCE: BE 0786.878.747
Summary

The computed 12-month bankruptcy probability of AXO GROUP is 2.5% (moderate). The 2024 annual accounts show equity of €100,545 and a net result of €102,617. Its solvency ranks better than 53% of 5899 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency69▲+69
Growth78
Track record94
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.33; short-term debt: 54.5% and cash: 8.5% of total assets), and 55.6% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-05-2025, 65 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
65 d early
2023
8 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
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 7 June 2022, AXO GROUP was incorporated as a Private limited company.1 In 2026 the registered office moved to Gent.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 04-08-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€100,545
2023 · -€2,072
Total assets
€226,446▲ 73,374%
2023 · €308
Net result
€102,617
2023 · -€2,072
Working capital
€40,667
2023 · -€2,072
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20232024
Operating result-€2,072-€140,957
Net result-€2,072below the sector's middle half-€102,617above the sector's middle half
Equity-€2,072below the sector's middle half-€100,545within the sector's middle half
Total assets€308below the sector's middle half-€226,446within the sector's middle half▲ 73,374%
Debt€2,380-€125,900▲ 5,190%
Working capital-€2,072within the sector's middle half-€40,667within the sector's middle half
Solvency44.4%within the sector's middle half
Current ratio1.33within the sector's middle half
Return on assets (ROA)45.3%above the sector's middle half
Staff (FTE)7.9
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2023: -€2,072-€2,072Net result 2023: -€2,072-€2,072Operating result 2024: €140,957€140,957Net result 2024: €102,617€102,61720232024-€50,000€0€50,000€100,000€150,000Operating result 2023: -€2,072-€2,070Net result 2023: -€2,072-€2,070Operating result 2024: €140,957€141,000Net result 2024: €102,617€103,00020232024
The operating result returns to profit in 2024: €140,957 after a loss of €2,072 in 2023.
Balance-sheet composition
Assets €226,446
Fixed assets €62,379
Current assets €164,067
Equity and liabilities €226,446
Equity €100,545
Debt €125,900
Debt finances 55.6% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€147,492
Cash flow
€109,152
Debt to equity
1.25
ROE
102.1%
Interest coverage
24.26
Debt ≤ 1 year
€123,400▲
2023 · €2,380
Income taxes
€32,259
Staff costs
€159,078
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

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

For this company itself Checked computes a higher bankruptcy probability: 2.5% 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 39,276 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 · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€308€226,446▲
Fixed assets21/28-€62,379
Intangible fixed assets21-€9,647
Tangible fixed assets22/27-€48,531
Plant, machinery and equipment23-€1,171
Furniture and vehicles24-€47,360
Financial fixed assets28-€4,200
Current assets29/58€308€164,067▲
Amounts receivable within one year40/41€308€142,496▲
Trade receivables40-€133,972
Other amounts receivable41€308€8,524▲
Cash at bank and in hand54/58-€19,191
Deferred charges and accrued income490/1-€2,380
Equity and liabilities
Total equity and liabilities10/49€308€226,446▲
Equity10/15-€2,072€100,545▲
Profit (loss) carried forward14-€2,072€100,545▲
Amounts payable17/49€2,380€125,900▲
Amounts payable within one year42/48€2,380€123,400▲
Trade debts44-€42,585
Suppliers440/4-€42,585
Taxes, remuneration and social security45-€58,037
Taxes450/3-€32,518
Remuneration and social security454/9-€25,519
Other amounts payable47/48€2,380€22,778▲
Accrued charges and deferred income492/3-€2,500
Income statement Code20232024
Remuneration, social security and pensions62-€159,078
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6,535
Other operating charges640/8€500€10,366▲
Gross operating margin9900-€1,572€316,936▲
Operating profit (loss)9901-€2,072€140,957▲
Financial charges65/66B-€6,080
Recurring financial charges65-€6,080
Profit (loss) for the period before taxes9903-€2,072€134,877▲
Income taxes67/77-€32,259
Profit (loss) for the period9904-€2,072€102,617▲
Profit (loss) for the period to be appropriated9905-€2,072€102,617▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2,072€100,545▲
Profit (loss) brought forward from the previous period14P--€2,072

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62-€159,078-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6,535-
Other operating charges640/8€500€10,366▲ 1,973%
Gross operating margin9900-€1,572€316,936▲ 20,263%
Operating profit (loss)9901-€2,072€140,957▲ 6,903%
Financial charges65/66B-€6,080-
Recurring financial charges65-€6,080-
Profit (loss) for the period before taxes9903-€2,072€134,877▲ 6,610%
Income taxes67/77-€32,259-
Profit (loss) for the period9904-€2,072€102,617▲ 5,053%
Profit (loss) for the period to be appropriated9905-€2,072€102,617▲ 5,053%
Line20232024Change
Assets
Total assets20/58€308€226,446▲ 73,374%
Fixed assets21/28-€62,379-
Intangible fixed assets21-€9,647-
Tangible fixed assets22/27-€48,531-
Plant, machinery and equipment23-€1,171-
Furniture and vehicles24-€47,360-
Financial fixed assets28-€4,200-
Current assets29/58€308€164,067▲ 53,134%
Amounts receivable within one year40/41€308€142,496▲ 46,135%
Trade receivables40-€133,972-
Other amounts receivable41€308€8,524▲ 2,666%
Cash at bank and in hand54/58-€19,191-
Deferred charges and accrued income490/1-€2,380-
Equity and liabilities
Total equity and liabilities10/49€308€226,446▲ 73,374%
Equity10/15-€2,072€100,545▲ 4,953%
Profit (loss) carried forward14-€2,072€100,545▲ 4,953%
Amounts payable17/49€2,380€125,900▲ 5,190%
Amounts payable within one year42/48€2,380€123,400▲ 5,085%
Trade debts44-€42,585-
Suppliers440/4-€42,585-
Taxes, remuneration and social security45-€58,037-
Taxes450/3-€32,518-
Remuneration and social security454/9-€25,519-
Other amounts payable47/48€2,380€22,778▲ 857%
Accrued charges and deferred income492/3-€2,500-
Line20232024Change
Profit (loss) for the period9904-€2,072€102,617▲ 5,053%
+ Depreciation and write-downs630-€6,535-
Operating cash flow (approximation)-€2,072€109,152▲ 5,368%

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

2026
04-08
State Gazette act Registered office
Registered-office move · Director in office3 facts ▸
  • General meeting, 24-06-2026
  • Registered-office move, Brugsevaart 59, 9030 Gent
  • Director in office, Ademi Burim (director)
2025
27-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €102,617
Net result €102,617 after one loss-making year.
31-12
Financial Liquidity times 10current ratio 1.33
Current ratio from 0.13 to 1.33.
31-12
Financial Equity above €100,000Eq €100,545
Equity rises from -€2,072 to €100,545.
23-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
2,403 m²
Building footprint
772 m²
Volume, LiDAR
4,210 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
AXO Cleaning
Louis Van Houttestraat 55B, 9050 GentManufacture of metal structures and parts of structures
since 20222.351.743.719
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44362B0279/00B003 Flanders 1,558 m² 1 · 641 m² 6.8 m · 2 fl.
44038A0458/00K005 Flanders 845 m² 1 · 131 m² 8.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Articles of association

Who signs
“bevoegd de rechtspersoon ten aanzien van derden te vertegenwoardigen”

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 1,492 EUR awarded · 1,492 EUR paid
Year Entries awardedpaid
2025 1 1,492 EUR1,492 EUR
Schemes
1 entry · 1,492 EUR · 1,492 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 7,364 companies in sector 81210 we hold annual accounts for 2,741. 2,160 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
Founded07-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
41001General construction of residential buildings
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:0786878747
Also 9925:BE0786878747
Registered 17-06-2025

Register as of 27 September 2026 · Peppol Directory

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