SAXE & CO
ActiveSAXE & CO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222k and a net result of €80k. Equity is growing by ~52.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 925 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+1
Solvency52▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.1 in 2024; short-term debt: 56.8% and cash: 32.1% of total assets), and 72.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.1%
Return on assets
9.7%
Age of the figures
9 mo
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 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
94 d early
2023
2 d late
2022
87 d early
2021
3 d early
2020
61 d early
2019
38 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€80k▲ 23.3%
2024 · €65k
2018: €-40k
2019: €-21k
2020: €17k
2021: €61k
2022: €192k
2023: €-72k
2024: €65k
2018 → 2025
Working capital
€169k▲ 284%
2024 · €44k
2018: €-114k
2019: €-102k
2020: €-107k
2021: €-33k
2022: €171k
2023: €-10k
2024: €44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-41k-€150k€78k▼ 48.2%€142k▲ 83.1%€222k▲ 56.0%
Operating result€63k-€238k▲ 281%€-62k€76k€114k▲ 49.7%
Net result€61k-€192k▲ 216%€-72k€65k€80k▲ 23.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €819k
Fixed assets
€184k▼ 20.4%
Current assets
€634k▲ 33.7%
Equity and liabilities €819k
Equity
€222k▲ 56.0%
Debt
€597k▲ 5.9%
The debt ratio falls from 79.9% to 72.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€199k▲
2024 · €159k
Cash flow
€165k▲
2024 · €147k
Solvency
27.1%▲
2024 · 20.1%
Current ratio
1.36▲
2024 · 1.10
Quick ratio
1.36▲
2024 · 1.10
Debt / equity
2.69▼
2024 · 3.97
ROE
35.9%▼
2024 · 45.4%
ROA
9.7%▲
2024 · 9.1%
Interest coverage
21.68▲
2024 · 14.56
Debt
€597k▲
2024 · €564k
Debt ≤ 1 year
€465k▲
2024 · €430k
Debt > 1 year
€51k▼
2024 · €100k
Income taxes
€26k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€706k€819k▲
Fixed assets21/28€232k€184k▼
Tangible fixed assets22/27€232k€184k▼
Plant, machinery and equipment23€120k€99k▼
Furniture and vehicles24€85k€64k▼
Other tangible fixed assets26€27k€22k▼
Current assets29/58€474k€634k▲
Amounts receivable within one year40/41€430k€359k▼
Trade receivables40€344k€305k▼
Other amounts receivable41€86k€54k▼
Cash at bank and in hand54/58€35k€263k▲
Deferred charges and accrued income490/1€10k€12k▲
Equity and liabilities
Total equity and liabilities10/49€706k€819k▲
Equity10/15€142k€222k▲
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€67k€147k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€60k€140k▲
Profit (loss) carried forward14€364€364=
Amounts payable17/49€564k€597k▲
Amounts payable after more than one year17€100k€51k▼
Financial debts170/4€100k€51k▼
Amounts payable within one year42/48€430k€465k▲
Current portion of amounts payable after more than one year42€57k€51k▼
Financial debts43€3k€7k▲
Credit institutions430/8€3k€7k▲
Trade debts44€365k€401k▲
Suppliers440/4€365k€401k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€39€930▲
Accrued charges and deferred income492/3€33k€81k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€85k▲
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A€3k-
Gross operating margin9900€164k€203k▲
Operating profit (loss)9901€76k€114k▲
Financial income75/76B€735€5▼
Recurring financial income75€735€5▼
Financial charges65/66B€11k€9k▼
Recurring financial charges65€11k€9k▼
Profit (loss) for the period before taxes9903€66k€105k▲
Income taxes67/77€2k€26k▲
Profit (loss) for the period9904€65k€80k▲
Profit (loss) for the period to be appropriated9905€65k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€364€80k▲
Profit (loss) brought forward from the previous period14P€-64k€364▲
Transfer to equity691/2-€80k
To other reserves6921-€80k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €200kEq €222k ▲56%
2 profitable years in a row build equity to €222k.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
31-12
Financial
Equity above €100kEq €142k ▲83.1%
Equity rises from €78k to €142k.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 2 days late
2023
31-12
Financial
Weakest financial yearnet €-72k ▼138%
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €192k ▲216%
Operating result €238k, net result €192k, both a record.
31-12
Financial
Equity above €100kEq €150k
3 profitable years in a row build equity to €150k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waverse Steenweg 1641050 ElseneGround area
2,048 m²
Building footprint
1,047 m²
Volume, LiDAR
11,241 m³
2 parcels, Brussels · tallest building 22.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SAXE & CO
since 19962.077.878.075
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0934/00H000 | Brussels | 1,643 m² | 1 · 655 m² | 20.1 m · 2 fl. |
| 21808H1973/00F000 | Brussels | 405 m² | 1 · 392 m² | 22.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,572 companies in sector 82300 we hold annual accounts for 1,671. 1,212 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-05-1996
Fiscal year end31-12
Activities, NACEBEL
74872
82300Organisation of conventions and trade shows
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.