AXXESSION
ActiveSummary
The annual accounts of AXXESSION for fiscal year 2025 show a net loss of 83% of the equity at the start of that year. The 2025 annual accounts show equity of €7,989 and a net result of -€40,048. Equity is shrinking by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 11% of 101 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-97
Solvency34▼-25
Growth55▼-30
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.09 against 1.53 in 2024; short-term debt: 90.9% and cash: 12.1% of total assets), and 90.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
9.1%
Return on assets
-45.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 101 sector peers (2025).
NBB · sector comparisonPosition among 101 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
252 d late
2023
9 d early
2022
8 d early
2021
55 d early
2020
22 d early
2019
71 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 17 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€411,805▲ 268,177%
2022 · €154
EBIT margin
8.2%▲ 889.1pp
2022 · -880.8%
Net result
-€40,048
2024 · €33,150
Working capital
€6,819▼ 85.8%
2024 · €48,037
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, 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
Turnover€154€411,805
Operating result-€4,370▲ 57.2%-€1,352▲ 69.1%€5,151€33,946▲ 559%-€39,652
Net result-€4,568below the sector's middle half▲ 55.9%-€1,479within the sector's middle half▲ 67.6%€5,151within the sector's middle half€33,150within the sector's middle half▲ 544%-€40,048below the sector's middle half
EBIT margin-880.8%8.2%
Equity€11,215within the sector's middle half▼ 28.9%€9,736below the sector's middle half▼ 13.2%€14,887within the sector's middle half▲ 52.9%€48,037below the sector's middle half▲ 223%€7,989below the sector's middle half▼ 83.4%
Total assets€11,215below the sector's middle half▼ 70.3%€11,358below the sector's middle half▲ 1.3%€18,365below the sector's middle half▲ 61.7%€139,426below the sector's middle half▲ 659%€87,588below the sector's middle half▼ 37.2%
Debt€1,622€3,478▲ 114%€91,389▲ 2,528%€79,599▼ 12.9%
Working capital€9,736within the sector's middle half€14,887within the sector's middle half▲ 52.9%€48,037below the sector's middle half▲ 223%€6,819below the sector's middle half▼ 85.8%
Solvency100.0%above the sector's middle half▲ 58.3pp85.7%above the sector's middle half▼ 14.3pp81.1%above the sector's middle half▼ 4.7pp34.5%within the sector's middle half▼ 46.6pp9.1%below the sector's middle half▼ 25.3pp
Current ratio7.00above the sector's middle half5.28above the sector's middle half▼ 1.721.53within the sector's middle half▼ 3.761.09below the sector's middle half▼ 0.44
Return on assets (ROA)-40.7%below the sector's middle half▼ 13.4pp-13.0%below the sector's middle half▲ 27.7pp28.0%above the sector's middle half▲ 41.1pp23.8%above the sector's middle half▼ 4.3pp-45.7%below the sector's middle half▼ 69.5pp
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €39,652 after €33,946 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,588
Fixed assets
€1,170
Current assets
€86,418
Equity and liabilities €87,588
Equity
€7,989 ▼ 83.4%
Debt
€79,599 ▼ 12.9%
Debt's share of the balance-sheet total rises from 65.5% to 90.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€39,598
Cash flow
-€39,994
Debt to equity
9.96▲
2024 · 1.90
ROE
-501.3%▼
2024 · 69.0%
Interest coverage
-81.41
Debt ≤ 1 year
€79,599▼
2024 · €91,389
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 644 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
5.4%
stopped otherwise
90%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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 644 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €154 | - | €411,805 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1,402 | - | €376,540 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €54 | - |
| Other operating charges640/8 | €804 | €103 | €749 | €1,318 | €449 | ▼ 65.9% |
| Gross operating margin9900 | -€3,566 | -€1,249 | €5,900 | €35,264 | -€39,149 | ▼ 211% |
| Operating profit (loss)9901 | -€4,370 | -€1,352 | €5,151 | €33,946 | -€39,652 | ▼ 217% |
| Financial income75/76B | €360 | - | - | - | €91 | - |
| Recurring financial income75 | €360 | - | - | - | €91 | - |
| Financial charges65/66B | €558 | €127 | - | €796 | €486 | ▼ 38.9% |
| Recurring financial charges65 | €558 | €127 | - | €796 | €486 | ▼ 38.9% |
| Profit (loss) for the period before taxes9903 | -€4,568 | -€1,479 | €5,151 | €33,150 | -€40,048 | ▼ 221% |
| Profit (loss) for the period9904 | -€4,568 | -€1,479 | €5,151 | €33,150 | -€40,048 | ▼ 221% |
| Profit (loss) for the period to be appropriated9905 | -€4,568 | -€1,479 | €5,151 | €33,150 | -€40,048 | ▼ 221% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,215 | €11,358 | €18,365 | €139,426 | €87,588 | ▼ 37.2% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | - | - | - | - | €1,170 | - |
| Tangible fixed assets22/27 | - | - | - | - | €1,170 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1,170 | - |
| Current assets29/58 | €11,215 | €11,358 | €18,365 | €139,426 | €86,418 | ▼ 38.0% |
| Stocks and contracts in progress3 | €8,791 | €8,791 | €8,791 | €6,548 | €0 | ▼ 100% |
| Stocks30/36 | €8,791 | €8,791 | €8,791 | €6,548 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €928 | €1,207 | €8,195 | €93,032 | €75,388 | ▼ 19.0% |
| Trade receivables40 | €144 | €330 | €8,195 | €93,032 | €72,763 | ▼ 21.8% |
| Other amounts receivable41 | €784 | €878 | - | - | €2,625 | - |
| Cash at bank and in hand54/58 | €1,120 | €973 | €973 | €39,440 | €10,624 | ▼ 73.1% |
| Deferred charges and accrued income490/1 | €377 | €386 | €406 | €406 | €406 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,215 | €11,358 | €18,365 | €139,426 | €87,588 | ▼ 37.2% |
| Equity10/15 | €11,215 | €9,736 | €14,887 | €48,037 | €7,989 | ▼ 83.4% |
| Contributions10/11 | €132,000 | €132,000 | €132,000 | €132,000 | €132,000 | = |
| Capital10 | €132,000 | €132,000 | €132,000 | €132,000 | €132,000 | = |
| Issued capital100 | €132,000 | €132,000 | €132,000 | €132,000 | €132,000 | = |
| Uncalled capital101 | - | €0 | €0 | - | - | - |
| Profit (loss) carried forward14 | -€120,785 | -€122,264 | -€117,113 | -€83,963 | -€124,011 | ▼ 47.7% |
| Amounts payable17/49 | - | €1,622 | €3,478 | €91,389 | €79,599 | ▼ 12.9% |
| Amounts payable within one year42/48 | - | €1,622 | €3,478 | €91,389 | €79,599 | ▼ 12.9% |
| Trade debts44 | - | €1,622 | €3,075 | €62,347 | €79,599 | ▲ 27.7% |
| Suppliers440/4 | - | €1,622 | €3,075 | €62,347 | €79,599 | ▲ 27.7% |
| Taxes, remuneration and social security45 | - | - | €402 | €29,041 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €402 | €29,041 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,568 | -€1,479 | €5,151 | €33,150 | -€40,048 | ▼ 221% |
| + Depreciation and write-downs630 | - | - | - | - | €54 | - |
| Operating cash flow (approximation) | -€4,568 | -€1,479 | €5,151 | €33,150 | -€39,994 | ▼ 221% |
| Change in cash | - | -€147 | €0 | €38,467 | -€28,816 | ▼ 175% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
27-07
State Gazette act
Appointments: DIAGONAL INVEST, GREENOAK INVEST and 4 othersPermanent representatives: Christophe Boulanger and Christophe Vaessen · Resignations: Dimitar Dimitrov (director) and Christian Beerts (director)14 facts ▸
State Gazette act
Appointments: DIAGONAL INVEST, GREENOAK INVEST and 4 others
Permanent representatives: Christophe Boulanger and Christophe Vaessen · Resignations: Dimitar Dimitrov (director) and Christian Beerts (director)14 facts ▸
- General meeting, 04-12-2025
- Director appointment, DIAGONAL INVEST (director)
- Director appointment, GREENOAK INVEST (director)
- Permanent representative, Christophe Boulanger (permanent representative)
- Permanent representative, Christophe Vaessen (permanent representative)
- Director resignation, Dimitar Dimitrov (director)
- Director resignation, Christian Beerts (director)
- Director appointment, VIADACT (director)
- Director appointment, Agidis (director)
- Director appointment, QUIND (director)
- Director appointment, Helsen Management Consulting (director)
- Director appointment, VIADACT (lid directiecomité)
- +2 further facts in this act
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 252 days late
2025
31-12
Financial
Weakest financial yearnet -€40,048
Net result drops to -€40,048, the lowest in the series.
2024
31-12
Financial
Highest result since 2018net €33,150 ▲544%
Operating result €33,946, net result €33,150, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5,151
Net result €5,151 after 4 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 147 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26348555). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 6
DIAGONAL INVEST
CurrentDirector · since 04-12-2025 · Private limited company · perm. rep.: Christophe Boulanger
GREENOAK INVEST
CurrentDirector · since 04-12-2025 · Private limited company · perm. rep.: Christophe Vaessen
Agidis
CurrentDirector · since 23-07-2026 · Limited partnership · perm. rep.: Luc Berben
Helsen Management Consulting
CurrentDirector · since 23-07-2026 · Private limited company · perm. rep.: Luc Helsen
QUIND
CurrentDirector · since 23-07-2026 · Private limited company · perm. rep.: Peter Jaspers
VIADACT
CurrentDirector · since 23-07-2026 · Public limited company · perm. rep.: Johan Fransen
Day-to-day management 3
Helsen Management Consulting
CurrentLid directiecomité · since 23-07-2026 · Private limited company · perm. rep.: Luc Helsen
QUIND
CurrentLid directiecomité · since 23-07-2026 · Private limited company · perm. rep.: Peter Jaspers
VIADACT
CurrentLid directiecomité · since 23-07-2026 · Public limited company · perm. rep.: Johan Fransen
Permanent representatives 6
Christophe Boulanger
CurrentPermanent representative · since 04-12-2025 · for DIAGONAL INVEST
Christophe Vaessen
CurrentPermanent representative · since 04-12-2025 · for GREENOAK INVEST
Johan Fransen
CurrentPermanent representative · since 23-07-2026 · for VIADACT
Luc Berben
CurrentPermanent representative · since 23-07-2026 · for Agidis
Luc Helsen
CurrentPermanent representative · since 23-07-2026 · for Helsen Management Consulting
Peter Jaspers
CurrentPermanent representative · since 23-07-2026 · for QUIND
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 3 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
Registered office, Herentals · 1 establishment unit since 2016
Ground area
1.6 ha
Building footprint
3,409 m²
Volume, LiDAR
25,242 m³
2 parcels, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Industriezone Vlasmeer 5, 2400 Mol
since 20162.250.709.014
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13435D0738/00G002 | Flanders | 1.2 ha | 1 · 1,130 m² | 13.1 m · 3 fl. |
| 13302D0252/00P000 | Flanders | 3,765 m² | 1 · 2,279 m² | 7.8 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.
Mandate history
8 people since 2025, 6 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DIAGONAL INVEST |
|
| GREENOAK INVEST |
|
| Agidis |
|
| Helsen Management Consulting |
|
| QUIND |
|
| VIADACT |
|
| Christian Beerts |
|
| Dimitar Dimitrov |
|
Structure & network
Owners and holdings
1 ownerChain of control
- DIAGONAL INVEST
- AXXESSION
Highest known parent: DIAGONAL INVEST. The sources do not say who stands above it.
Owners 1
- DIAGONAL INVESTparent80%
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
1 connected companyThe connected companies are in the list below.
This company
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Shareholding
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Linked via shared directors
IDTECH
Shared corporate director
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Identification & contact
Identification
Legal formPublic limited company
Founded22-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
27900Manufacture of electrical equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0646879439
Registered
02-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.