PAXXON
ActiveSummary
PAXXON has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,794 and a net result of -€621. Equity has been stable since 2019 (±1.5% per year). Its solvency ranks better than 70% of 979 sector peers (NACE 78, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-07-2005 Normal situation
- Registered office
- 45 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Temporary employment agencies and other provision of personnel NACE 78200
- Establishment unit
- 2.176.944.076 3730 Bilzen-Hoeselt, since 16-03-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- -€66
- ▼ 3.0%
- Loss
- €621
- ▼ 34.0%
- Equity
- €5,794
- ▼ 9.7%
- Total assets
- €8,054
- ▼ 6.9%
Turnover not published (micro format)
Score breakdownraises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 3.56, cash €8,054Sector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €8,054Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 48% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency
97-2
equity 71.9% of total assets
Liquidity
89-1
short-term debt 28.1% · cash 100.0%
Profitability
18+8
return on assets -7.7%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: 0.1%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.56 (3.86 in 2024), above the usual 1.5. Short-term debt is 28.1% and cash 100% of total assets. 28.1% of the assets are financed with debt and provisions.
Calculation
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 70, micro). It does better than 68% of them on solvency, 82% on liquidity, 13% on profitability and 28% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
3 days early
2023
2 days early
2022
3 days early
2021
5 days early
2020
1 day early
2020
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 21 filings
Equity
€5,794▼ 9.7%
2024 · €6,414
Total assets
€8,054▼ 6.9%
2024 · €8,654
Net result
-€621▲ 34.0%
2024 · -€940
Working capital
€5,794▼ 9.7%
2024 · €6,414
Multi-year overview
2019 to 2025, 8 financial yearsOperating result
-€527
▲ 40.2%
2025
20192025
Net result
-€621
▲ 34.0%
2025
lowest quarter of the sector
20192025
Equity
€5,794
▼ 9.7%
2025
lowest quarter of the sector
20192025
Total assets
€8,054
▼ 6.9%
2025
lowest quarter of the sector
20192025
Debt
€2,260
▲ 0.9%
2025
20192025
Working capital
€5,794
▼ 9.7%
2025
middle half of the sector
20192025
Solvency
71.9%
▼ 2.2pp
2025
middle half of the sector
20192025
Current ratio
3.56
▼ 0.30
2025
middle half of the sector
20192025
Return on assets (ROA)
-7.7%
▲ 3.2pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202020212022202320242025
Operating result-€1,485-€1,637-€2,059-€4,649-€2,010€1,002-€882-€527▲ 40.2%
Net result-€1,530-€1,590within the sector's middle half-€2,119within the sector's middle half-€4,583within the sector's middle half-€2,079below the sector's middle half€933within the sector's middle half-€940within the sector's middle half-€621below the sector's middle half▲ 34.0%
Equity€4,446-€6,036below the sector's middle half▲ 35.8%€3,917below the sector's middle half-€8,500below the sector's middle half▲ 117%€6,422below the sector's middle half▼ 24.5%€7,355below the sector's middle half▲ 14.5%€6,414below the sector's middle half▼ 12.8%€5,794below the sector's middle half▼ 9.7%
Total assets€133,477-€7,164below the sector's middle half▼ 94.6%€6,763below the sector's middle half-€9,920below the sector's middle half▲ 46.7%€9,379below the sector's middle half▼ 5.4%€9,253below the sector's middle half▼ 1.3%€8,654below the sector's middle half▼ 6.5%€8,054below the sector's middle half▼ 6.9%
Debt€129,031-€1,128▼ 99.1%€2,846-€1,420▼ 50.1%€2,958▲ 108%€1,899▼ 35.8%€2,240▲ 18.0%€2,260▲ 0.9%
Working capital€129,963-€6,036within the sector's middle half▼ 95.4%€3,917within the sector's middle half-€8,500within the sector's middle half▲ 117%€6,422below the sector's middle half▼ 24.5%€7,355below the sector's middle half▲ 14.5%€6,414within the sector's middle half▼ 12.8%€5,794within the sector's middle half▼ 9.7%
Solvency3.3%-84.3%above the sector's middle half▲ 80.9pp57.9%within the sector's middle half-85.7%above the sector's middle half▲ 27.8pp68.5%within the sector's middle half▼ 17.2pp79.5%above the sector's middle half▲ 11.0pp74.1%within the sector's middle half▼ 5.4pp71.9%within the sector's middle half▼ 2.2pp
Current ratio37.98-6.35above the sector's middle half▼ 31.632.38within the sector's middle half-6.99above the sector's middle half▲ 4.613.17within the sector's middle half▼ 3.824.87above the sector's middle half▲ 1.703.86within the sector's middle half▼ 1.013.56within the sector's middle half▼ 0.30
Return on assets (ROA)-1.1%-22.2%within the sector's middle half▲ 23.3pp-31.3%below the sector's middle half-46.2%above the sector's middle half▲ 77.5pp-22.2%below the sector's middle half▼ 68.4pp10.1%within the sector's middle half▲ 32.2pp-10.9%below the sector's middle half▼ 20.9pp-7.7%below the sector's middle half▲ 3.2pp
above
within
below
The sector band is the middle half of the companies in Employment activities (NACE 78). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €527, smaller than the loss of €882 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €8,054
Equity
€5,794 ▼ 9.7%
Debt
€2,260 ▲ 0.9%
Debt's share of the balance-sheet total rises from 25.9% to 28.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.39▲
2024 · 0.35
ROE
-10.7%▲
2024 · -14.7%
Debt ≤ 1 year
€2,260▲
2024 · €2,240
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | €472 | €415 | €819 | €462 | ▼ 43.6% |
| Gross operating margin9900 | -€1,485 | €1,723 | -€1,797 | €4,649 | -€1,538 | €1,417 | -€64 | -€66 | ▼ 3.0% |
| Operating profit (loss)9901 | -€1,485 | €1,637 | -€2,059 | €4,649 | -€2,010 | €1,002 | -€882 | -€527 | ▲ 40.2% |
| Financial charges65/66B | - | - | - | €67 | €69 | €69 | €58 | €93 | ▲ 61.2% |
| Recurring financial charges65 | €45 | €47 | €60 | €67 | €69 | €69 | €58 | €93 | ▲ 61.2% |
| Profit (loss) for the period before taxes9903 | -€1,530 | €1,590 | -€2,119 | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Profit (loss) for the period9904 | -€1,530 | €1,590 | -€2,119 | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,530 | €1,590 | -€2,119 | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €133,477 | €7,164 | €6,763 | €9,920 | €9,379 | €9,253 | €8,654 | €8,054 | ▼ 6.9% |
| Current assets29/58 | €133,477 | €7,164 | €6,763 | €9,920 | €9,379 | €9,253 | €8,654 | €8,054 | ▼ 6.9% |
| Amounts receivable within one year40/41 | €84,958 | €37 | €37 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €48,519 | €7,127 | €6,726 | €9,920 | €9,379 | €9,253 | €8,654 | €8,054 | ▼ 6.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €133,477 | €7,164 | €6,763 | €9,920 | €9,379 | €9,253 | €8,654 | €8,054 | ▼ 6.9% |
| Equity10/15 | €4,446 | €6,036 | €3,917 | €8,500 | €6,422 | €7,355 | €6,414 | €5,794 | ▼ 9.7% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€15,554 | -€13,964 | -€16,083 | -€11,500 | -€13,578 | -€12,645 | -€13,586 | -€14,206 | ▼ 4.6% |
| Amounts payable17/49 | €129,031 | €1,128 | €2,846 | €1,420 | €2,958 | €1,899 | €2,240 | €2,260 | ▲ 0.9% |
| Amounts payable after more than one year17 | €125,517 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €3,514 | €1,128 | €2,846 | €1,420 | €2,958 | €1,899 | €2,240 | €2,260 | ▲ 0.9% |
| Trade debts44 | €3,055 | €1,128 | €2,846 | €1,420 | €2,846 | €1,780 | €1,752 | €1,773 | ▲ 1.2% |
| Suppliers440/4 | - | - | - | €1,420 | €2,846 | €1,780 | €1,752 | €1,773 | ▲ 1.2% |
| Other amounts payable47/48 | - | - | - | - | €112 | €119 | €488 | €488 | = |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,530 | €1,590 | -€2,119 | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Operating cash flow (approximation) | -€1,530 | €1,590 | -€2,119 | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Change in cash | - | -€41,392 | - | €3,193 | -€541 | -€126 | -€599 | -€600 | ▼ 0.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as PAXXON has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PAXXON itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for PAXXON. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00349574 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00332073 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00313178 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00299387 | |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20220720 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-45700019 | |
| 30-06-2020 | micro format | 29-12-2020 | 2020-77400521 | |
| 30-06-2019 | micro format | 13-03-2020 | 2020-06700191 | |
| 30-06-2018 | micro format | 06-02-2019 | 2019-04900072 | |
| 30-06-2017 | micro format | 06-02-2018 | 2018-04800316 |
Board & ownership
Directors
Directors
1 director, last change in 2025
Jeurissen Luc
Current
Owners and capital
Owners
Mandate history
2 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jeurissen Luc |
|
| THIJS, Eric Joseph Raymond |
|
Network & group
PAXXON shares no director with another company.
Companies at the same address
44 other companies- SAXORA Registered office · since 2026 1041116539
- FLEXXO Registered office · since 2026 1039635904
- EXXTRA CARE Registered office · since 2026 1032749102
- SCIN Registered office · since 2023 1001757305
- CURA Registered office · since 2023 1000371490
- Cactus 16 Registered office · since 2023 0799155383
- TRIXXO VIII Registered office · since 2023 0899420226
- TRIXXO WALLONIE Registered office · since 2023 0874989389
- HOME MAID DC Registered office · since 2022 0875475775
- NICKELSON Registered office · since 2021 0773747224
Connections & network
1 current directorThe network starts from the directors of PAXXON. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-07
micro format · 2 days before the deadline
27-05
Gazette deed
Company renamed from E & L CONSTRUCT to PAXXONRegistered office moved within Bilzen-Hoeselt · New seat: Industrielaan 32, 3730 Bilzen-Hoeselt · Previous seat: Industrielaan 20, 3730 Bilzen-Hoeselt8 points ▸
Gazette deed
Company renamed from E & L CONSTRUCT to PAXXON
Registered office moved within Bilzen-Hoeselt · New seat: Industrielaan 32, 3730 Bilzen-Hoeselt · Previous seat: Industrielaan 20, 3730 Bilzen-Hoeselt8 points ▸
- General meeting, 22-05-2025
- Other provision, “acceptance of board report on purpose change, ontslag van de voorzitter voor lezing” (deed in Dutch)
- Purpose change
- Name change, PAXXON
- Registered-office move, Industrielaan 32, 3730 Bilzen-Hoeselt
- Director resignation, THIJS, Eric Joseph Raymond (director)
- Power of attorney
- Power of attorney, Philip Odeurs
2025
28-07
micro format · 3 days before the deadline
2024
29-07
micro format · 2 days before the deadline
2023
31-12
Financial
Back to profitnet €933
The net result is €933, after one loss-making year.
28-07
micro format · 3 days before the deadline
2022
26-07
micro format · 5 days before the deadline
2021
31-12
Financial
Back to profitnet €4,583
The net result is €4,583, after one loss-making year.
31-12
Financial
Liquidity more than doubledcurrent ratio 6.99
The current ratio rises from 2.38 to 6.99. Short-term debt falls from €2,846 to €1,420.
30-07
micro format · 1 day before the deadline
2020
31-12
Financial
Weakest financial yearnet -€2,119
The net result drops to -€2,119, the lowest from 2019 to 2025. It recovers the following year.
29-12
micro format · 33 days before the deadline
Show earlier events
30-06
Financial
Back to profitnet €1,590
The net result is €1,590, after one loss-making year.
13-03
micro format · 42 days late
2019
06-02
micro format · 6 days late
2018
06-02
micro format · 6 days late
2005
13-07
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
PAXXON in Dutch
Former name
E & L CONSTRUCT until 22-05-2025 · act of 27-05-2026
Enterprise number
0874.869.427
Legal form
Private limited company
Status
Active, normale toestand
Founded
05-07-2005
Entity type
Legal entity
Registered office and establishments
Registered office
Industrielaan 32, 3730 Bilzen-Hoeselt, Belgium
Establishment unit
Paxxon, Industrielaan 32, 3730 Bilzen-Hoeselt since 16-03-2009 · unit number 2.176.944.076
E-mail
luc.jeurissen@mvt.beBilzen-Hoeselt
Phone
0495/577110Bilzen-Hoeselt
Activities
NACEBEL 2025VAT activities
78200
Temporary employment agencies and other provision of personnel main activity
Social security (RSZ) activities
78200
Temporary employment agencies and other provision of personnel main activity
Invoicing and payment
VAT number
BE 0874.869.427
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
5,168 m²
Building footprint
1,721 m²
Building volume
17,925 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73032K0578/00F000 | Flanders | 5,168 m² | 1 · 1,721 m² | 15.8 m · 4 |