AXSIM
ActiveSummary
The computed 12-month bankruptcy probability of AXSIM is 2.0% (moderate). The 2025 annual accounts show negative equity (-€361,165) and a net result of -€58,890. Equity is shrinking by ~27% per year across the filed fiscal years. Its solvency ranks better than 5% of 2330 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.07 in 2024; short-term debt: 604.9% and cash: 5% of total assets), and equity is negative.
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Signals
Six 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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-513.8%
Return on assets
-83.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€361,165
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 02-07-2026, 29 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
29 d early
2024
4 d late
2023
33 d early
2022
18 d late
2021
9 d late
2020
4 d late
2019
11 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 5 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€361,165▼ 19.5%
2024 · -€302,276
Total assets
€70,296▼ 36.9%
2024 · €111,449
Net result
-€58,890▲ 33.8%
2024 · -€89,011
Working capital
-€420,484▼ 13.0%
2024 · -€372,041
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
Line20212022202320242025
Operating result-€22,491▲ 35.0%-€47,612▼ 112%-€28,025▲ 41.1%-€84,985▼ 203%-€54,758▲ 35.6%
Net result-€25,830▲ 30.6%-€51,599▼ 99.8%-€31,729▲ 38.5%-€89,011▼ 181%-€58,890▲ 33.8%
Equity-€129,936▼ 24.8%-€181,535▼ 39.7%-€213,264▼ 17.5%-€302,276▼ 41.7%-€361,165▼ 19.5%
Total assets€181,129▼ 1.3%€152,572▼ 15.8%€172,479▲ 13.0%€111,449▼ 35.4%€70,296▼ 36.9%
Debt€311,065▲ 8.2%€334,108▲ 7.4%€385,743▲ 15.5%€413,725▲ 7.3%€431,461▲ 4.3%
Working capital-€184,705▲ 3.7%-€257,415▼ 39.4%-€287,160▼ 11.6%-€372,041▼ 29.6%-€420,484▼ 13.0%
Staff (FTE)0.9▲ 80.0%0.2▼ 77.8%1.6▲ 700%1▼ 37.5%0.8▼ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €54,758 in 2025 against €84,985 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,296
Fixed assets
€65,555 ▼ 20.9%
Current assets
€4,741 ▼ 83.4%
Key figures and ratios
EBITDA
-€37,389▲
2024 · -€67,616
Cash flow
-€41,521▲
2024 · -€71,643
Solvency
-513.8%▼
2024 · -271.2%
Current ratio
0.01▼
2024 · 0.07
Quick ratio
0.01▼
2024 · 0.07
Debt to equity
-1.19▲
2024 · -1.37
ROA
-83.8%▼
2024 · -79.9%
Interest coverage
-9.04▲
2024 · -16.43
Debt ≤ 1 year
€425,225▲
2024 · €400,567
Debt > 1 year
€6,237▼
2024 · €13,158
Staff costs
€15,510▼
2024 · €18,466
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,749 | €2,988 | €19,411 | €18,466 | €15,510 | ▼ 16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,968 | €20,968 | €21,677 | €17,369 | €17,368 | = |
| Other operating charges640/8 | - | €348 | €13,191 | €780 | - | - |
| Gross operating margin9900 | €6,227 | -€23,308 | €26,254 | -€48,370 | -€21,879 | ▲ 54.8% |
| Operating profit (loss)9901 | -€22,491 | -€47,612 | -€28,025 | -€84,985 | -€54,758 | ▲ 35.6% |
| Financial income75/76B | €137 | €0 | €79 | €88 | €4 | ▼ 95.0% |
| Recurring financial income75 | €137 | €0 | €79 | €88 | €4 | ▼ 95.0% |
| Financial charges65/66B | €3,477 | €3,987 | €3,783 | €4,115 | €4,136 | ▲ 0.5% |
| Recurring financial charges65 | €3,477 | €3,987 | €3,783 | €4,115 | €4,136 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | -€25,830 | -€51,599 | -€31,729 | -€89,011 | -€58,890 | ▲ 33.8% |
| Profit (loss) for the period9904 | -€25,830 | -€51,599 | -€31,729 | -€89,011 | -€58,890 | ▲ 33.8% |
| Profit (loss) for the period to be appropriated9905 | -€25,830 | -€51,599 | -€31,729 | -€89,011 | -€58,890 | ▲ 33.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €181,129 | €152,572 | €172,479 | €111,449 | €70,296 | ▼ 36.9% |
| Fixed assets21/28 | €140,149 | €119,406 | €100,292 | €82,924 | €65,555 | ▼ 20.9% |
| Intangible fixed assets21 | €6,000 | €3,000 | - | - | - | - |
| Tangible fixed assets22/27 | €120,349 | €102,381 | €86,267 | €68,899 | €51,530 | ▼ 25.2% |
| Plant, machinery and equipment23 | €101,900 | €87,600 | €73,300 | €59,000 | €44,700 | ▼ 24.2% |
| Furniture and vehicles24 | €1,962 | €981 | €1,855 | €1,009 | €163 | ▼ 83.9% |
| Other tangible fixed assets26 | €16,488 | €13,800 | €11,112 | €8,890 | €6,668 | ▼ 25.0% |
| Financial fixed assets28 | €13,800 | €14,025 | €14,025 | €14,025 | €14,025 | = |
| Current assets29/58 | €40,979 | €33,166 | €72,187 | €28,526 | €4,741 | ▼ 83.4% |
| Stocks and contracts in progress3 | €1,151 | €572 | €525 | €591 | €702 | ▲ 18.8% |
| Stocks30/36 | €1,151 | €572 | €525 | €591 | €702 | ▲ 18.8% |
| Amounts receivable within one year40/41 | €21,322 | €16,599 | €62,219 | €23,887 | €507 | ▼ 97.9% |
| Trade receivables40 | €20,672 | €16,599 | €62,219 | €23,887 | €507 | ▼ 97.9% |
| Other amounts receivable41 | €650 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €18,324 | €15,812 | €9,443 | €4,048 | €3,532 | ▼ 12.7% |
| Deferred charges and accrued income490/1 | €182 | €184 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €181,129 | €152,572 | €172,479 | €111,449 | €70,296 | ▼ 36.9% |
| Equity10/15 | -€129,936 | -€181,535 | -€213,264 | -€302,276 | -€361,165 | ▼ 19.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€148,536 | -€200,135 | -€231,864 | -€320,876 | -€379,765 | ▼ 18.4% |
| Amounts payable17/49 | €311,065 | €334,108 | €385,743 | €413,725 | €431,461 | ▲ 4.3% |
| Amounts payable after more than one year17 | €85,381 | €43,526 | €26,396 | €13,158 | €6,237 | ▼ 52.6% |
| Financial debts170/4 | €85,381 | €43,526 | €26,396 | €13,158 | €6,237 | ▼ 52.6% |
| Amounts payable within one year42/48 | €225,684 | €290,582 | €359,347 | €400,567 | €425,225 | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | €19,684 | €21,220 | €20,631 | €12,138 | €6,777 | ▼ 44.2% |
| Financial debts43 | €19,397 | €19,900 | €19,931 | €19,917 | €19,970 | ▲ 0.3% |
| Credit institutions430/8 | €19,397 | €19,900 | €19,931 | €19,917 | €19,970 | ▲ 0.3% |
| Trade debts44 | €40,851 | €38,288 | €39,077 | €2,840 | €2,663 | ▼ 6.2% |
| Suppliers440/4 | €40,851 | €38,288 | €39,077 | €2,840 | €2,663 | ▼ 6.2% |
| Advances received on contracts in progress46 | €8,781 | €17,763 | €7,187 | €23,700 | - | - |
| Taxes, remuneration and social security45 | €5,868 | €4,522 | €2,851 | €6,701 | €3,043 | ▼ 54.6% |
| Taxes450/3 | €5,118 | €3,652 | €1,096 | €3,143 | €3,043 | ▼ 3.2% |
| Remuneration and social security454/9 | €750 | €870 | €1,754 | €3,558 | - | - |
| Other amounts payable47/48 | €131,101 | €188,889 | €269,671 | €335,271 | €392,771 | ▲ 17.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,830 | -€51,599 | -€31,729 | -€89,011 | -€58,890 | ▲ 33.8% |
| + Depreciation and write-downs630 | €20,968 | €20,968 | €21,677 | €17,369 | €17,368 | = |
| Operating cash flow (approximation) | -€4,862 | -€30,630 | -€10,051 | -€71,643 | -€41,521 | ▲ 42.0% |
| Investment in fixed assets (approximation) | - | -€225 | -€2,564 | €0 | €0 | - |
| Change in cash | - | -€2,513 | -€6,368 | -€5,396 | -€516 | ▲ 90.4% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet -€89,011
Net result drops to -€89,011, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Brussel · 1 establishment unit since 2019
Ground area
722 m²
Building footprint
685 m²
Volume, LiDAR
15,334 m³
Parcel 21807G0202/00L005, Brussels · tallest building 39.7 m, ±10 floors. Linked by address, not a title deed.
46
companies at this address
See who is registered here
1 establishment unit
AviaSim Bruxelles
since 20192.285.809.552
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0202/00L005 | Brussels | 722 m² | 1 · 685 m² | 39.7 m · 10 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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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 6,734 companies in sector 93299 we hold annual accounts for 1,168. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-01-2019
Fiscal year end31-12
Trade name FR
Aviasim Bruxelles
Activities, NACEBEL 2025
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.