AXA - GLASS
ActiveAXA - GLASS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.64M and a net result of €1.55M. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 4826 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+19
Solvency100=
Growth56▼-2
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 6.07 against 6.0 in 2024), and 15.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
84.4%
Return on assets
19.7%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
102 d early
2024
69 d early
2023
93 d early
2022
13 d early
2021
2 d early
2020
4 d early
2019
87 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€24.56M▼ 10.4%
2024 · €27.40M
2022: €29.75M
2023: €30.88M
2024: €27.40M
2022 → 2025
EBIT margin
7.0%▲ 4.1pp
2024 · 2.9%
2022: -0.9%
2023: 6.3%
2024: 2.9%
2022 → 2025
Net result
€1.55M▲ 81.6%
2024 · €851k
2018: €263k
2019: €441k
2020: €1.11M
2021: €699k
2022: €642k
2023: €1.81M
2024: €851k
2018 → 2025
Working capital
€6.23M▲ 26.4%
2024 · €4.93M
2018: €1.15M
2019: €1.37M
2020: €2.50M
2021: €2.70M
2022: €3.27M
2023: €4.07M
2024: €4.93M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€29.75M€30.88M▲ 3.8%€27.40M▼ 11.3%€24.56M▼ 10.4%
Equity€3.24M-€3.68M▲ 13.6%€4.49M▲ 22.0%€5.34M▲ 19.0%€6.64M▲ 24.3%
Operating result€811k-€-278k€1.95M€794k▼ 59.4%€1.71M▲ 115%
Net result€699k-€642k▼ 8.2%€1.81M▲ 182%€851k▼ 52.9%€1.55M▲ 81.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 115% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.86M
Fixed assets
€407k▼ 1.4%
Current assets
€7.46M▲ 26.1%
Equity and liabilities €7.86M
Equity
€6.64M▲ 24.3%
Debt
€1.23M▲ 24.7%
The debt ratio stays at 15.6%.
Key figures and ratios
EBITDA
€1.72M▲
2024 · €800k
Cash flow
€1.55M▲
2024 · €857k
Solvency
84.4%▼
2024 · 84.4%
Current ratio
6.07▲
2024 · 6.00
Quick ratio
5.33▲
2024 · 4.92
Debt / equity
0.18▲
2024 · 0.18
ROE
23.3%▲
2024 · 15.9%
ROA
19.7%▲
2024 · 13.5%
Interest coverage
975.69▲
2024 · 109.22
Debt
€1.23M▲
2024 · €984k
Debt ≤ 1 year
€1.23M▲
2024 · €984k
Income taxes
€503k▲
2024 · €291k
Staff costs
€527k▲
2024 · €467k
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€6.32M€7.86M▲
Fixed assets21/28€413k€407k▼
Tangible fixed assets22/27€20k€14k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€392k€392k=
Affiliated companies280/1€392k€392k=
Participating interests280€392k€392k=
Current assets29/58€5.91M€7.46M▲
Stocks and contracts in progress3€1.07M€916k▼
Stocks30/36€1.07M€916k▼
Goods purchased for resale34€1.07M€916k▼
Amounts receivable within one year40/41€2.85M€3.68M▲
Trade receivables40€2.74M€3.67M▲
Other amounts receivable41€110k€11k▼
Current investments50/53-€1.00M
Other investments51/53-€1.00M
Cash at bank and in hand54/58€1.88M€1.85M▼
Deferred charges and accrued income490/1€107k€12k▼
Equity and liabilities
Total equity and liabilities10/49€6.32M€7.86M▲
Equity10/15€5.34M€6.64M▲
Contributions10/11€19k€19k=
Reserves13€5.32M€6.62M▲
Tax-exempt reserves132€431k€842k▲
Distributable reserves133€4.89M€5.78M▲
Amounts payable17/49€984k€1.23M▲
Amounts payable within one year42/48€984k€1.23M▲
Current portion of amounts payable after more than one year42€68k€0▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€673k€930k▲
Suppliers440/4€673k€930k▲
Taxes, remuneration and social security45€244k€297k▲
Taxes450/3€196k€253k▲
Remuneration and social security454/9€47k€44k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Operating income70/76A€27.42M€24.58M▼
Turnover70€27.40M€24.56M▼
Other operating income74€25k€25k▲
Operating charges60/66A€26.63M€22.87M▼
Goods for resale, raw materials and consumables60€24.46M€21.07M▼
Purchases600/8€24.17M€20.92M▼
Change in stocks: decrease (increase)609€291k€155k▼
Services and other goods61€1.63M€1.66M▲
Remuneration, social security and pensions62€467k€527k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€53k€-601k▼
Other operating charges640/8€10k€662▼
Non-recurring operating charges66A-€200k
Operating profit (loss)9901€794k€1.71M▲
Financial income75/76B€356k€346k▼
Recurring financial income75€356k€346k▼
Income from current assets751€9k€21k▲
Other financial income752/9€347k€326k▼
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Debt charges650€7k€2k▼
Other financial charges652/9€1k€4k▲
Profit (loss) for the period before taxes9903€1.14M€2.05M▲
Income taxes67/77€291k€503k▲
Taxes670/3€291k€503k▲
Profit (loss) for the period9904€851k€1.55M▲
Transfer to tax-exempt reserves689€431k€411k▼
Profit (loss) for the period to be appropriated9905€421k€1.13M▲
Appropriation of the result
Profit (loss) to be appropriated9906€421k€1.13M▲
Transfer from equity791/2-€411k
From reserves792-€411k
Transfer to equity691/2€421k€1.30M▲
To other reserves6921€421k€1.30M▲
Profit to be distributed694/7€0€250k▲
Return on contributions (dividend)694€0€250k▲
Social balance
Average headcount (FTE)90874.85.2▲
The notes to these accounts (40 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
31-08
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation · Director discharge15 facts ▸
State Gazette act
General meeting · Director resignation
General meeting · Director resignation · Director discharge15 facts ▸
- General meeting, 2026-07-17
- Director resignation, Mont Boss (bestuurder)
- Director resignation, MM Collections (bestuurder)
- Director discharge, Mont Boss
- Director discharge, MM Collections
- Director discharge, MvS-Pack
- Director discharge, Jean-Christophe GAASCH
- Director discharge, Peter BÖRNER
- Director reappointment, MvS-Pack (bestuurder)
- Director appointment, Jean-Christophe GAASCH (bestuurder)
- Director appointment, Peter BÖRNER (bestuurder)
- Power of attorney, De Groote - De Man BV
- +3 further facts in this act
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 6.00
Current ratio from 2.50 to 6.00; short-term debt falls from €2.72M to €984k.
31-12
Financial
Equity above €5MEq €5.34M ▲19%
7 profitable years in a row build equity to €5.34M.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.81M ▲182%
Operating result €1.95M, net result €1.81M, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2MEq €2.74M ▲50.1%
3 profitable years in a row build equity to €2.74M.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26109874). 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.
BÖRNER Peter
CurrentDirector · since 17-07-2026
Jean-Christophe GAASCH
CurrentDirector · since 17-07-2026
MvS-Pack
CurrentManaging director · since 17-07-2026 · Private limited company
17-07-2026
BÖRNER Peter: Appointed as Director
17-07-2026
Jean-Christophe GAASCH: Appointed as Director
17-07-2026
MvS-Pack: Appointed as Managing director
17-07-2026
MvS-Pack: Mandate renewed as Director
17-07-2026
MM Collections: Resigned as Director
17-07-2026
Mont Boss: Resigned as Director
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 1993
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.
Allemansbos 369420 Erpe-MereGround area
715 m²
Building footprint
219 m²
Volume, LiDAR
1,317 m³
Parcel 41016A0782/00N000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Allemansbos 36, 9420 Erpe-Mere
since 19932.061.936.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016A0782/00N000 | Flanders | 715 m² | 1 · 219 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
5 connected companiesLinked via shared directors
viaBÖRNER Peter · Director
→
viaBÖRNER Peter · Director
former→
viaBÖRNER Peter · Director
former→
viaBÖRNER Peter · Director
former→
Show 1 more companies with a shared director
viaBÖRNER Peter · Director
former→
Ownership & control
1 partyControl over this companysits on this company's board1
2 subsidiaries · 1 location
controls
AXA - GLASSBE 0449.876.694
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 4,500 EUR awarded · 4,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteErpe-Mere2.061.936.918
Legal Entity Identifier
5493002U1CW4K1Z77J94
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DE KORTRIJKSE ZILVERCENTRALE
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Of 61 companies in sector 46441 we hold annual accounts for 40. 9 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-1993
Fiscal year end31-12
Activities, NACEBEL
46441Wholesale trade
46494Wholesale of non-electrical household articles
51441
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.