Equity
AXXES paid out €9.0m in dividends. That is 121% of the 2025 profit.
AXXES paid out €9.0m in dividends. That is 121% of the 2025 profit.
Turnover fell in 2025 from €100.3m to €67.1m.
AXXES pays its suppliers 34 days later than in 2024. Customers pay 15 days later.
Short-term debts rose from €8.1m to €28.9m.
The last five annual accounts were filed 29 to 74 days before the end of the period.
Higher net result than 95% of companies in computer programming and consultancy. Sector median €35,587 · 1,693 companies.
The dashed line is the sector median: 0.2% across 39 companies (NACE 62, large).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, large). It does better than 46% of them on solvency, 19% on liquidity, 70% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 321 companies had the same profile as AXXES has now. Each dot is one company, two years later.
That fits the bankruptcy probability of AXXES itself: 0.2% within 12 months.
The method was tested on the 497,447 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 321 companies, not a prediction for AXXES. 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.
Liquidity is insufficient, with a current ratio of 0.77 (2.93 in 2024), below 1. Short-term debt is 65.9% and cash 0% of total assets. 66% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 54 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Shares in 2 companies, Euricom and Kangaroot Holding
Board & ownership| Company | ||||
|---|---|---|---|---|
| AXXES Antwerp | €67.1m | 9.3% | 34.0% | 268.8 |
| CHEOPS TECHNOLOGY Kontich | €74.3m | 9.1% | 20.8% | 336.1 |
| ITINERIS Ghent | €71.4m | 11.8% | 59.3% | 224.1 |
| RANDSTAD DIGITAL BELGIUM Leuven | €55.8m | -0.9% | 55.2% | 345.7 |
| COMPUTER TASK GROUP BELGIUM Machelen (Brab.) | €53.3m | 4.0% | 57.8% | 300.3 |
| Centrum voor Informatica Ghent | €54.8m | 23.2% | 56.5% | 274.8 |
| PAUWELS CONSULTING Machelen (Brab.) | €89.2m | 6.4% | 44.9% | 386.2 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as AXXES: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €36m and €50m, founded between 1989 and 2003.
AXXES has existed since 1998. Turnover grew from €3.4m in 2007 to €67.1m in 2025 and staff from 29 to 268.8 full-time equivalents.
Tech Tribes holds all the shares. In October 2025, four directors stepped down. In December 2025, the Official Gazette published the appointment of Tech Tribes as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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