Public limited company · founded 1998 · 28 yrs activeEntrepotkaai 10A, 2000 Antwerpen, BelgiumKBO/BCE: BE 0462.721.177
Summary
AXXES has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16.5m and a net result of €8.0m. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 1547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2024
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability81▼-9
Solvency61▲+1
Growth85▲+20
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,200,000 at 30 days acceptable
Liquidity ample (current ratio 2.93 against 1.53 in 2023; short-term debt: 17.5% and cash: 1.4% of total assets), but 64.4% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 56 days before 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)
○
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
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
AXXES was incorporated on 19 February 1998.1The board currently has 6 members; Tech Tribes has served longest, since 2020.2Revenue grew from EUR 36 million in 2019 to EUR 100 million in 2024 and headcount from 163 to 289 full-time equivalents.3
2024Turnover +66% on 2023.This fiscal year ran 18 months, the previous one 12.
2024Equity +95%, Total assets +91% on 2023.Cause not known from the registers.
2021Equity +58% on 2020.Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 36% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46.3m
48.7%
51.3%
Fixed assets€22.6m ▲ 2,267%
Current assets€23.7m ▲ 2.0%
Equity and liabilities €46.3m
35.6%
64.4%
Equity€16.5m ▲ 94.7%
Debt€29.8m ▲ 89.3%
Debt's share of the balance-sheet total falls from 65.0% to 64.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€10.5m▲
2023 · €7.8m
Cash flow
€8.2m▲
2023 · €6.2m
Current ratio
2.93▲
2023 · 1.53
Debt to equity
1.81▼
2023 · 1.86
ROE
48.6%▼
2023 · 70.2%
ROA
17.3%▼
2023 · 24.5%
Interest coverage
22.83▼
2023 · 46.27
Debt ≤ 1 year
€8.1m▼
2023 · €15.2m
Debt > 1 year
€21.6m
Income taxes
€2.0m▲
2023 · €1.5m
Staff costs
€31.6m▲
2023 · €18.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 344 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.
Large
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more
0%went bankrupt
2.3%stopped otherwise
98%still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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%
1.6%
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 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 344 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 accountsAs filed with the NBB · 2024 against 2023 · 79 lines
Balance sheetCode20232024
Assets
Total assets20/58€24.2m€46.3m▲
Fixed assets21/28€953,289€22.6m▲
Intangible fixed assets21€140,022€131,671▼
Tangible fixed assets22/27€192,165€872,944▲
Land and buildings22€46,659€140,343▲
Furniture and vehicles24€91,885€316,233▲
Other tangible fixed assets26€53,621€416,369▲
Financial fixed assets28€621,102€21.6m▲
Affiliated companies280/1€615,162€21.6m▲
Participating interests280€615,162€21.6m▲
Other financial fixed assets284/8€5,940€6,995▲
Amounts receivable and cash guarantees285/8€5,940€6,995▲
Current assets29/58€23.3m€23.7m▲
Amounts receivable after more than one year29€500,000€6.3m▲
Other amounts receivable291€500,000€6.3m▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€13.1m€16.1m▲
Trade receivables40€13.1m€12.1m▼
Other amounts receivable41€60,742€4.1m▲
Current investments50/53€10,001€0▼
Other investments51/53€10,001€0▼
Cash at bank and in hand54/58€9.4m€648,129▼
Deferred charges and accrued income490/1€187,579€705,906▲
Equity and liabilities
Total equity and liabilities10/49€24.2m€46.3m▲
Equity10/15€8.5m€16.5m▲
Contributions10/11€61,973€61,973=
Capital10€61,973€61,973=
Issued capital100€61,973€61,973=
Reserves13€8.4m€16.4m▲
Non-distributable reserves130/1€6,197€6,197=
Legal reserve130€6,197€6,197=
Distributable reserves133€8.4m€16.4m▲
Amounts payable17/49€15.8m€29.8m▲
Amounts payable after more than one year17-€21.6m
Financial debts170/4-€21.6m
Other loans174-€21.6m
Amounts payable within one year42/48€15.2m€8.1m▼
Trade debts44€4.3m€5.2m▲
Suppliers440/4€4.3m€5.2m▲
Taxes, remuneration and social security45€3.9m€2.9m▼
Taxes450/3€868,658€461,809▼
Remuneration and social security454/9€3.0m€2.4m▼
Other amounts payable47/48€7.0m€0▼
Accrued charges and deferred income492/3€512,922€168,726▼
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
2025
17-12
State Gazette actAppointments: Tech Tribes NV (managing director) and Elmosa BV (managing director)
Permanent representative: Benjamin Goesaert · Officer condition5 facts ▸
Board meeting, 01-12-2025
Director appointment, Tech Tribes NV (managing director)
Permanent representative, Benjamin Goesaert
Director appointment, Elmosa BV (managing director)
Officer condition
27-10
State Gazette actResignations: Seal Solutions BV, MDVH BE BV and 2 others
Appointments: Tech Tribes NV (director) and Elmosa BV (director) · Permanent representatives: Benjamin Goesaert, Tomas Dhuys and Stijn Van Herbruggen · Power of attorney17 facts ▸
General meeting, 18-09-2025
Director resignation, Seal Solutions BV (director)
Director resignation, MDVH BE BV (director)
Director resignation, NPM Capital Investments B1 BV (director)
Director resignation, Project 86 BV (director)
Director resignation, Project 86 BV (day-to-day manager)
Director appointment, Tech Tribes NV (director)
Director appointment, Elmosa BV (director)
Permanent representative, Benjamin Goesaert
Permanent representative, Tomas Dhuys
Board meeting, 08-09-2025
Power of attorney, Facts & Fools BV
+5 further facts in this act
02-07
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
2024
31-12
FinancialHighest result since 2019net €8.0m ▲35%
Operating result €10.3m, net result €8.0m, both a record.
31-12
FinancialEquity above €10mEq €16.5m ▲94.7%
6 profitable years in a row build equity to €16.5m.
08-07
State Gazette actResignations: Tech Tribes NV, Seal Solutions BV and 3 others
Appointments: NPM Capital Investments B1 BV, Project 86 BV and 2 others · Mandate compensation · Power of attorney20 facts ▸
General meeting, 25-04-2024
Director resignation, Tech Tribes NV (director)
Director resignation, Seal Solutions BV (director)
Director resignation, Bemacx BV (director)
Director resignation, Benoit Graulich BV (director)
Director appointment, NPM Capital Investments B1 BV (director)
Director appointment, Project 86 BV (director)
Director appointment, MDVH BE BV (director)
Director appointment, Seal Solutions BV (director)
Mandate compensation, NPM Capital Investments B1 BV
Mandate compensation, Project 86 BV
Mandate compensation, MDVH BE BV
+8 further facts in this act
05-07
State Gazette actResignations: MDVH BE BV (director) and SEAL SOLUTIONS BV (director)
Permanent representatives: Mathieu DEVOS and Jan Roger GOESAERT · Purpose change · Statutes amendment15 facts ▸
General meeting, 15-05-2024
Purpose change, Wijziging van het voorwerp
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Accounting effect, 31-12-2024
Capital, €61.973,38
Director resignation, MDVH BE BV (director)
Permanent representative, Mathieu DEVOS
Director resignation, SEAL SOLUTIONS BV (director)
Permanent representative, Jan Roger GOESAERT
+3 further facts in this act
29-02
State Gazette actReappointment: RSM INTERNAUDIT BV (statutory auditor)
Permanent representative: Sébastien DECKERS · Power of attorney4 facts ▸
Power of attorney, Grant Thornton Accountancy, Tax & Legal BV
21-02
State Gazette actStatutes amendment
Capital · Share series · Board composition6 facts ▸
General meeting, 28-12-2023
Statutes amendment
Capital, €61.973,38
Share series, 850 aandelen genummerd 1 tot en met 850 vormen reeks “A”; 1.650 aandelen genummerd 851 tot en met 2.500 vormen reeks “B”
Board composition, Collegiaal bestuursorgaan (raad van bestuur) van 4 bestuurders: 2 bestuurders “A” benoemd uit kandidaten voorgedragen door houders van aandelen reeks “A”; 2 bes…
Representation, De vennootschap wordt geldig in en buiten rechte verbonden door hetzij één bestuurder “A” samen handelend met een bestuurder “B”, hetzij één gedelegeerd bestuur…
2023
27-11
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
2022
18-11
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
17-06
State Gazette actResignation: PROJECT 86 BV (class A director)
Appointments: TECH TRIBES NV (class A director) and PROJECT 86 BV (day-to-day manager) · Permanent representative: Benjamin GOESAERT · Ratification11 facts ▸
General meeting, 25-04-2022
Director resignation, PROJECT 86 BV (class A director)
Director resignation, PROJECT 86 BV (class B director)
Director appointment, TECH TRIBES NV (class A director)
Permanent representative, Benjamin GOESAERT
Director appointment, TECH TRIBES NV (managing director)
Permanent representative, Benjamin GOESAERT
Director appointment, PROJECT 86 BV (day-to-day manager)
Director resignation, PROJECT 86 BV (managing director)
Ratification, Alle door PROJECT 86 BV, vast vertegenwoordigd door Benjamin GOESAERT, gestelde daden van bestuur in de periode vanaf 29 oktober 2020 tot op heden, worden hierb…
Ratification, Alle door TECH TRIBES NV, vast vertegenwoordigd door Benjamin GOESAERT, gestelde daden van bestuur in de periode vanaf 1 juli 2020 tot op heden, worden hierbij…
Show earlier events
2021
26-11
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
30-06
FinancialEquity above €10mEq €13.6m ▲57.8%
3 profitable years in a row build equity to €13.6m.
25-06
State Gazette actAppointment: RSM InterAudit (statutory auditor)
Permanent representatives: Kurt Coninx and Sébastien Deckers4 facts ▸
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
17 of 19 acts read
About the unread acts
Of the 19 Belgian State Gazette acts we know for this company, 17 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
6 directors, 3 in day-to-day management, last change in 2025
Statutory auditor · since 28-04-2021 · perm. rep.: Sébastien DECKERS
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 19 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2024 annual accounts of AXXES and those 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
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
10 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 547 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded19-02-1998
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management