AXZON
ActiveSummary
AXZON has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €135k and a net result of €190k. Equity is shrinking by ~18.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 34% of 2095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency49▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.39 in 2023; short-term debt: 68% and cash: 26.6% of total assets), and 75.8% of the assets are financed with debt.
Credit check for your own amount and term
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €135k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
20 d early
2022
19 d early
2021
24 d early
2020
24 d early
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€135k▲ 9.7%
2023 · €123k
2018: €1.44M
2019: €1.55M▲ +7.9% vs 2018
2020: €1.55M▼ -0.1% vs 2019
2021: €1.56M▲ +0.5% vs 2020highest in 7 years
2022: €71k▼ -95.4% vs 2021lowest in 7 years
2023: €123k▲ +72.6% vs 2022
2024: €135k▲ +9.7% vs 2023
2018 → 2024
Total assets
€557k▼ 15.5%
2023 · €660k
2018: €2.14M
2019: €2.17M▲ +1.4% vs 2018
2020: €2.34M▲ +7.9% vs 2019highest in 7 years
2021: €2.31M▼ -1.1% vs 2020
2022: €1.67M▼ -28.0% vs 2021
2023: €660k▼ -60.4% vs 2022
2024: €557k▼ -15.5% vs 2023lowest in 7 years
2018 → 2024
Net result
€190k▼ 36.9%
2023 · €302k
2018: €135k
2019: €114k▼ -15.6% vs 2018
2020: €70k▼ -38.3% vs 2019lowest in 7 years
2021: €79k▲ +12.6% vs 2020
2022: €142k▲ +79.3% vs 2021
2023: €302k▲ +113% vs 2022highest in 7 years
2024: €190k▼ -36.9% vs 2023
2018 → 2024
Working capital
€178k▼ 3.2%
2023 · €184k
2018: €552k
2019: €823k▲ +49.2% vs 2018
2020: €978k▲ +18.8% vs 2019
2021: €1.13M▲ +15.8% vs 2020highest in 7 years
2022: €65k▼ -94.3% vs 2021lowest in 7 years
2023: €184k▲ +185% vs 2022
2024: €178k▼ -3.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.55M-€1.56M▲ 0.5%€71k▼ 95.4%€123k▲ 72.6%€135k▲ 9.7%
2020: €1.55M
2021: €1.56M▲ +0.5% vs 2020highest in 5 years
2022: €71k▼ -95.4% vs 2021lowest in 5 years
2023: €123k▲ +72.6% vs 2022
2024: €135k▲ +9.7% vs 2023
Operating result€100k-€113k▲ 12.9%€199k▲ 75.5%€425k▲ 114%€257k▼ 39.6%
2020: €100klowest in 5 years
2021: €113k▲ +12.9% vs 2020
2022: €199k▲ +75.5% vs 2021
2023: €425k▲ +114% vs 2022highest in 5 years
2024: €257k▼ -39.6% vs 2023
Net result€70k-€79k▲ 12.6%€142k▲ 79.3%€302k▲ 113%€190k▼ 36.9%
2020: €70klowest in 5 years
2021: €79k▲ +12.6% vs 2020
2022: €142k▲ +79.3% vs 2021
2023: €302k▲ +113% vs 2022highest in 5 years
2024: €190k▼ -36.9% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €557k
Equity
€135k ▲ 9.7%
Debt
€422k ▼ 21.3%
Debt's share of the balance-sheet total falls from 81.4% to 75.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€257k▼
2023 · €521k
Cash flow
€190k▼
2023 · €398k
Current ratio
1.47▲
2023 · 1.39
Debt to equity
3.14▼
2023 · 4.37
ROE
141.3%▼
2023 · 245.5%
ROA
34.2%▼
2023 · 45.7%
Interest coverage
42.98▼
2023 · 85.16
Debt ≤ 1 year
€379k▼
2023 · €476k
Debt > 1 year
€31k▼
2023 · €61k
Income taxes
€60k▼
2023 · €117k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€660k€557k▼
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Land and buildings22€0-
Leasing and similar rights25€0-
Current assets29/58€660k€557k▼
Amounts receivable within one year40/41€47k€409k▲
Trade receivables40€47k€14k▼
Other amounts receivable41€0€395k▲
Cash at bank and in hand54/58€609k€148k▼
Deferred charges and accrued income490/1€4k€0▼
Equity and liabilities
Total equity and liabilities10/49€660k€557k▼
Equity10/15€123k€135k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€55k€67k▲
Amounts payable17/49€537k€422k▼
Amounts payable after more than one year17€61k€31k▼
Financial debts170/4€61k€31k▼
Amounts payable within one year42/48€476k€379k▼
Current portion of amounts payable after more than one year42€28k€30k▲
Trade debts44€9k€14k▲
Suppliers440/4€9k€14k▲
Taxes, remuneration and social security45€156k€124k▼
Taxes450/3€156k€124k▼
Other amounts payable47/48€283k€211k▼
Accrued charges and deferred income492/3-€12k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€0▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€522k€258k▼
Operating profit (loss)9901€425k€257k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€419k€251k▼
Income taxes67/77€117k€60k▼
Profit (loss) for the period9904€302k€190k▼
Profit (loss) for the period to be appropriated9905€302k€190k▼
Appropriation of the result
Profit (loss) to be appropriated9906€305k€246k▼
Profit (loss) brought forward from the previous period14P€4k€55k▲
Transfer to equity691/2€0-
To the legal reserve6920€0-
Profit to be distributed694/7€250k€179k▼
Return on contributions (dividend)694€250k€179k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €180k | €172k | €172k | €96k | €0 | ▼ 100% |
| Other operating charges640/8 | - | €979 | €1k | €1k | €1k | ▲ 8.2% |
| Gross operating margin9900 | €281k | €286k | €372k | €522k | €258k | ▼ 50.6% |
| Operating profit (loss)9901 | €100k | €113k | €199k | €425k | €257k | ▼ 39.6% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €11k | €11k | €6k | €6k | ▼ 2.4% |
| Recurring financial charges65 | €10k | €11k | €11k | €6k | €6k | ▼ 2.4% |
| Profit (loss) for the period before taxes9903 | €90k | €102k | €188k | €419k | €251k | ▼ 40.1% |
| Income taxes67/77 | €20k | €23k | €47k | €117k | €60k | ▼ 48.5% |
| Profit (loss) for the period9904 | €70k | €79k | €142k | €302k | €190k | ▼ 36.9% |
| Profit (loss) for the period to be appropriated9905 | €70k | €79k | €142k | €302k | €190k | ▼ 36.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.34M | €2.31M | €1.67M | €660k | €557k | ▼ 15.5% |
| Fixed assets21/28 | €715k | €543k | €96k | €0 | - | - |
| Tangible fixed assets22/27 | €440k | €268k | €96k | €0 | - | - |
| Land and buildings22 | - | €211k | €72k | €0 | - | - |
| Leasing and similar rights25 | - | €57k | €25k | €0 | - | - |
| Financial fixed assets28 | €275k | €275k | €0 | - | - | - |
| Current assets29/58 | €1.62M | €1.77M | €1.57M | €660k | €557k | ▼ 15.5% |
| Amounts receivable within one year40/41 | €38k | €84k | €403k | €47k | €409k | ▲ 773% |
| Trade receivables40 | - | €15k | €78k | €47k | €14k | ▼ 69.6% |
| Other amounts receivable41 | - | €69k | €325k | €0 | €395k | - |
| Cash at bank and in hand54/58 | €1.59M | €1.69M | €1.17M | €609k | €148k | ▼ 75.7% |
| Deferred charges and accrued income490/1 | - | €29 | €0 | €4k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.34M | €2.31M | €1.67M | €660k | €557k | ▼ 15.5% |
| Equity10/15 | €1.55M | €1.56M | €71k | €123k | €135k | ▲ 9.7% |
| Contributions10/11 | €250k | €250k | €62k | €62k | €62k | = |
| Capital10 | - | €250k | €62k | €62k | €62k | = |
| Issued capital100 | - | €250k | €62k | €62k | €62k | = |
| Reserves13 | €25k | €25k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €25k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €25k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €1.28M | €1.28M | €4k | €55k | €67k | ▲ 21.5% |
| Amounts payable17/49 | €787k | €755k | €1.60M | €537k | €422k | ▼ 21.3% |
| Amounts payable after more than one year17 | €142k | €116k | €90k | €61k | €31k | ▼ 48.7% |
| Financial debts170/4 | - | €116k | €90k | €61k | €31k | ▼ 48.7% |
| Amounts payable within one year42/48 | €646k | €638k | €1.51M | €476k | €379k | ▼ 20.3% |
| Current portion of amounts payable after more than one year42 | - | €25k | €24k | €28k | €30k | ▲ 5.5% |
| Trade debts44 | €2k | €5k | €10k | €9k | €14k | ▲ 59.3% |
| Suppliers440/4 | - | €5k | €10k | €9k | €14k | ▲ 59.3% |
| Taxes, remuneration and social security45 | - | €739 | €37k | €156k | €124k | ▼ 20.6% |
| Taxes450/3 | - | €739 | €37k | €156k | €124k | ▼ 20.6% |
| Other amounts payable47/48 | - | €608k | €1.44M | €283k | €211k | ▼ 25.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €12k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €79k | €142k | €302k | €190k | ▼ 36.9% |
| + Depreciation and write-downs630 | €180k | €172k | €172k | €96k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €250k | €251k | €314k | €398k | €190k | ▼ 52.1% |
| Investment in fixed assets (approximation) | - | €0 | €275k | €0 | - | - |
| Change in cash | - | €101k | €-520k | €-559k | €-461k | ▲ 17.6% |
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
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €302k ▲113%
Operating result €425k, net result €302k, both a record.
31-12
Financial
Equity above €100kEq €123k ▲72.6%
6 profitable years in a row build equity to €123k.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €70k ▼38.3%
Net result drops to €70k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tielt · 1 establishment unit since 2009
Ground area
8,751 m²
Building footprint
2,426 m²
Volume, LiDAR
18,574 m³
Parcel 37302E0611/00E000, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Szamotulystraat 5, 8700 Tielt
since 20092.334.276.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0611/00E000 | Flanders | 8,751 m² | 1 · 2,426 m² | 8.8 m · 3 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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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,799 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.