AXVA
ActiveSummary
The computed 12-month bankruptcy probability of AXVA is 3.4% (moderate). The 2025 annual accounts show equity of €459,838 and a net result of €76,755. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 1893 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+5
Solvency78▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.6 in 2024; short-term debt: 47.1% and cash: 20.1% of total assets), and 47.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.8%
Return on assets
8.8%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
21 d early
2023
51 d early
2022
28 d early
2021
on the day
2020
27 d early
2019
28 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 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 10 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€459,838▲ 1.5%
2024 · €453,083
Total assets
€870,339▼ 11.2%
2024 · €979,610
Net result
€76,755▲ 49.7%
2024 · €51,281
Working capital
€343,456▲ 8.9%
2024 · €315,438
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20212022202320242025
Operating result€59,358▲ 67.9%€158,188▲ 166%€82,782▼ 47.7%€70,658▼ 14.6%€97,199▲ 37.6%
Net result€44,755within the sector's middle half▲ 78.4%€116,484within the sector's middle half▲ 160%€60,087within the sector's middle half▼ 48.4%€51,281within the sector's middle half▼ 14.7%€76,755within the sector's middle half▲ 49.7%
Equity€265,232within the sector's middle half▲ 20.3%€381,716within the sector's middle half▲ 43.9%€441,803within the sector's middle half▲ 15.7%€453,083within the sector's middle half▲ 2.6%€459,838within the sector's middle half▲ 1.5%
Total assets€556,877below the sector's middle half▲ 35.9%€927,614within the sector's middle half▲ 66.6%€761,844within the sector's middle half▼ 17.9%€979,610within the sector's middle half▲ 28.6%€870,339within the sector's middle half▼ 11.2%
Debt€291,645▲ 54.1%€545,898▲ 87.2%€320,041▼ 41.4%€526,527▲ 64.5%€410,501▼ 22.0%
Working capital€198,481within the sector's middle half▲ 55.0%€307,908within the sector's middle half▲ 55.1%€387,464within the sector's middle half▲ 25.8%€315,438within the sector's middle half▼ 18.6%€343,456within the sector's middle half▲ 8.9%
Solvency47.6%within the sector's middle half▼ 6.2pp41.2%within the sector's middle half▼ 6.5pp58.0%within the sector's middle half▲ 16.8pp46.3%within the sector's middle half▼ 11.7pp52.8%within the sector's middle half▲ 6.6pp
Current ratio1.68within the sector's middle half=1.56within the sector's middle half▼ 0.122.21within the sector's middle half▲ 0.651.60within the sector's middle half▼ 0.611.84within the sector's middle half▲ 0.24
Return on assets (ROA)8.0%within the sector's middle half▲ 1.9pp12.6%above the sector's middle half▲ 4.5pp7.9%within the sector's middle half▼ 4.7pp5.2%within the sector's middle half▼ 2.7pp8.8%within the sector's middle half▲ 3.6pp
Staff (FTE)0.7below the sector's middle half=1below the sector's middle half▲ 42.9%1below the sector's middle half=1below the sector's middle half=0.6below the sector's middle half▼ 40.0%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €870,339
Fixed assets
€117,186 ▼ 14.9%
Current assets
€753,153 ▼ 10.5%
Equity and liabilities €870,339
Equity
€459,838 ▲ 1.5%
Debt
€410,501 ▼ 22.0%
Debt's share of the balance-sheet total falls from 53.7% to 47.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129,415▲
2024 · €94,128
Cash flow
€108,971▲
2024 · €74,751
Quick ratio
1.33▲
2024 · 1.20
Debt to equity
0.89▼
2024 · 1.16
ROE
16.7%▲
2024 · 11.3%
Interest coverage
231.05▲
2024 · 101.58
Debt ≤ 1 year
€409,697▼
2024 · €526,527
Income taxes
€26,286▲
2024 · €18,451
Staff costs
€5,228▼
2024 · €23,925
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 3.4% 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 497,340 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% | 1.8% |
| 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €22,434 | €24,571 | €23,925 | €5,228 | ▼ 78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,203 | €28,678 | €21,509 | €23,470 | €32,216 | ▲ 37.3% |
| Other operating charges640/8 | - | €8,498 | €14,453 | €16,767 | €13,164 | ▼ 21.5% |
| Gross operating margin9900 | €128,490 | €217,798 | €143,314 | €134,821 | €147,807 | ▲ 9.6% |
| Operating profit (loss)9901 | €59,358 | €158,188 | €82,782 | €70,658 | €97,199 | ▲ 37.6% |
| Financial income75/76B | - | - | - | - | €6,402 | - |
| Recurring financial income75 | - | - | - | - | €6,402 | - |
| Financial charges65/66B | - | €431 | €948 | €927 | €560 | ▼ 39.6% |
| Recurring financial charges65 | €303 | €431 | €948 | €927 | €560 | ▼ 39.6% |
| Profit (loss) for the period before taxes9903 | €59,055 | €157,757 | €81,835 | €69,732 | €103,041 | ▲ 47.8% |
| Income taxes67/77 | €14,300 | €41,273 | €21,748 | €18,451 | €26,286 | ▲ 42.5% |
| Profit (loss) for the period9904 | €44,755 | €116,484 | €60,087 | €51,281 | €76,755 | ▲ 49.7% |
| Profit (loss) for the period to be appropriated9905 | €44,755 | €116,484 | €60,087 | €51,281 | €76,755 | ▲ 49.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €556,877 | €927,614 | €761,844 | €979,610 | €870,339 | ▼ 11.2% |
| Fixed assets21/28 | €66,751 | €73,807 | €54,338 | €137,645 | €117,186 | ▼ 14.9% |
| Tangible fixed assets22/27 | €49,714 | €56,769 | €37,300 | €120,607 | €100,148 | ▼ 17.0% |
| Plant, machinery and equipment23 | - | €56,769 | €37,300 | €120,607 | €100,148 | ▼ 17.0% |
| Financial fixed assets28 | €17,038 | €17,038 | €17,038 | €17,038 | €17,038 | = |
| Current assets29/58 | €490,126 | €853,806 | €707,506 | €841,965 | €753,153 | ▼ 10.5% |
| Stocks and contracts in progress3 | €183,905 | €307,970 | €195,071 | €207,953 | €207,428 | ▼ 0.3% |
| Stocks30/36 | - | €307,970 | €195,071 | €207,953 | €207,428 | ▼ 0.3% |
| Amounts receivable within one year40/41 | €161,177 | €154,687 | €296,568 | €352,056 | €365,415 | ▲ 3.8% |
| Trade receivables40 | - | €151,299 | €202,478 | €269,960 | €142,600 | ▼ 47.2% |
| Other amounts receivable41 | - | €3,388 | €94,090 | €82,096 | €222,814 | ▲ 171% |
| Cash at bank and in hand54/58 | €144,924 | €365,762 | €215,472 | €281,535 | €175,048 | ▼ 37.8% |
| Deferred charges and accrued income490/1 | - | €25,387 | €395 | €422 | €5,262 | ▲ 1,148% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €556,877 | €927,614 | €761,844 | €979,610 | €870,339 | ▼ 11.2% |
| Equity10/15 | €265,232 | €381,716 | €441,803 | €453,083 | €459,838 | ▲ 1.5% |
| Contributions10/11 | - | €118,550 | €118,550 | €118,550 | €118,550 | = |
| Reserves13 | €146,682 | €263,166 | €323,253 | €334,533 | €341,288 | ▲ 2.0% |
| Non-distributable reserves130/1 | - | €4,393 | €4,393 | €0 | - | - |
| Reserves not available under the articles1311 | - | €4,393 | €4,393 | €0 | - | - |
| Tax-exempt reserves132 | - | €3,271 | €3,271 | €3,271 | €3,271 | = |
| Distributable reserves133 | - | €255,502 | €315,589 | €331,263 | €338,018 | ▲ 2.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €291,645 | €545,898 | €320,041 | €526,527 | €410,501 | ▼ 22.0% |
| Amounts payable within one year42/48 | €291,645 | €545,898 | €320,041 | €526,527 | €409,697 | ▼ 22.2% |
| Financial debts43 | - | €15,017 | €15,000 | €0 | €21,685 | - |
| Credit institutions430/8 | - | €15,017 | €15,000 | €0 | €21,685 | - |
| Trade debts44 | €279,268 | €499,199 | €296,767 | €511,289 | €337,486 | ▼ 34.0% |
| Suppliers440/4 | - | €499,199 | €296,767 | €511,289 | €337,486 | ▼ 34.0% |
| Taxes, remuneration and social security45 | - | €29,182 | €5,774 | €14,613 | €47,401 | ▲ 224% |
| Taxes450/3 | - | €26,974 | €3,390 | €13,451 | €47,401 | ▲ 252% |
| Remuneration and social security454/9 | - | €2,207 | €2,385 | €1,162 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €2,500 | €2,500 | €625 | €3,125 | ▲ 400% |
| Accrued charges and deferred income492/3 | - | - | - | - | €804 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,755 | €116,484 | €60,087 | €51,281 | €76,755 | ▲ 49.7% |
| + Depreciation and write-downs630 | €37,203 | €28,678 | €21,509 | €23,470 | €32,216 | ▲ 37.3% |
| Operating cash flow (approximation) | €81,959 | €145,162 | €81,596 | €74,751 | €108,971 | ▲ 45.8% |
| Investment in fixed assets (approximation) | - | -€35,734 | -€2,040 | -€106,777 | -€11,757 | ▲ 89.0% |
| Change in cash | - | €220,838 | -€150,290 | €66,063 | -€106,487 | ▼ 261% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €116,484 ▲160%
Operating result €158,188, net result €116,484, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €25,085 ▼54.7%
Net result drops to €25,085, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €200,000Eq €220,477 ▲12.8%
2 profitable years in a row build equity to €220,477.
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Avelgem · 8 establishment units since 2014
Ground area
2.9 ha
Building footprint
1.0 ha
Volume, LiDAR
58,897 m³
9 parcels, Flanders, Wallonia · tallest building 24.3 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
8 establishment units
Q8
since 20142.234.308.688
Q8
since 20142.234.308.985
Tankstation Q8
since 20152.250.057.431
Q8
since 20162.293.916.574
Q8
since 20172.293.916.673
Q8
since 20172.293.918.158
Show 2 more locations
Q8
since 20212.316.021.389
Q8
since 20232.348.308.434
9 parcels
Flanders
8
(88.9%)
Wallonia
1
(11.1%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0409/00S002 | Flanders | 1.9 ha | 1 · 7,856 m² | 24.3 m · 2 fl. |
| 44035C0022/00K000 | Flanders | 2,095 m² | 1 · 996 m² | 7.5 m · 2 fl. |
| 44037A0832/00H003indicative | Flanders | 1,860 m² | 1 · 496 m² | - |
| 34010B0181/00K000 | Flanders | 1,495 m² | 1 · 108 m² | 9.5 m · 2 fl. |
| 34040C1250/00P005 | Flanders | 1,478 m² | 1 · 439 m² | 9.1 m · 2 fl. |
| 34003A2117/00P000 | Flanders | 1,053 m² | 1 · 212 m² | 7.3 m · 2 fl. |
| 54006P0956/00_000indicative | Wallonia | 889 m² | 1 · 182 m² | - |
| 37009B0133/00K000 | Flanders | 708 m² | 1 · 146 m² | 11.9 m · 2 fl. |
| 33009D0731/00X003 | Flanders | 39 m² | - | - |
Linked by address, not proof of ownership
Good to know
7 of 9 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
- GILVAparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 103 companies in sector 49500 we hold annual accounts for 72. 40 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
Founded22-07-2014
Fiscal year end30-06
Activities, NACEBEL 2025
49500Land transport and transport via pipelines
46120Wholesale trade
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0560759572
Also
9925:BE0560759572
Registered
23-01-2026
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.