ACTIVE

AXUS

Financial year 2025 · closed on 31/12/2025
Net result
72,5 M €
-25.7% YoY
Revenue
1,8 Md €
+69.9% YoY
Equity
682 M €
+295.4% YoY
Workforce
521,3 ETP
+76.8% YoY

What does AXUS do?

AXUS is a Public limited company incorporated in 1946. Its main activity is: Architectural and engineering activities and related technical consultancy. Its registered office is in Zaventem. It employs on average 521,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0403.429.730
Incorporation
01/01/1946
Legal form
Public limited company
Registered office
Bourgetlaan 42
1932 Zaventem · FlandreSee on map
Contributed capital
86 159 618,81 €
Latest accounts
31/12/2025
Average workforce
521,3 ETP
Joint committees (3)
  • 112
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162013
Income statement
Revenue1,8 Md €1,1 Md €989 M €919,3 M €777,9 M €748,9 M €731,8 M €725,8 M €682,4 M €633,9 M €433,4 M €
EBITDA794,6 M €420,5 M €351,8 M €274,1 M €230,5 M €198,4 M €175,9 M €136,7 M €124,1 M €90,9 M €202 M €
Operating result148,8 M €136,6 M €74,8 M €17,4 M €-9,4 M €-16,9 M €-9,1 M €-15,8 M €4,8 M €9,4 M €35,4 M €
Net result72,5 M €97,6 M €59,4 M €16,5 M €-13,6 M €-24 M €-7,1 M €-12 M €11,6 M €12,6 M €22,1 M €
Balance sheet
Equity682 M €172,5 M €92,7 M €71 M €64,4 M €78,1 M €102,1 M €112,9 M €144,9 M €345,4 M €301,9 M €
Total assets3,9 Md €1,7 Md €1,6 Md €1,2 Md €997,9 M €928,5 M €902,9 M €852,2 M €762,4 M €672,1 M €974,8 M €
Cash1,2 M €5,8 M €2,5 M €752,2 k €174,8 k €210,9 k €3 M €7,9 M €701,6 k €2 M €149,1 k €
Debts3 Md €1,5 Md €1,4 Md €1 Md €868,1 M €799,4 M €749,6 M €687,2 M €569,9 M €282,8 M €629,5 M €
Other
Workforce521,3 ETP294,8 ETP280,7 ETP272,9 ETP270,7 ETP265,6 ETP254,6 ETP238,0 ETP239,0 ETP238,0 ETP233,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 26 ended

Active mandates

PIETER WAEGENAER

Director · since 31 mars 2026 · until 24 mai 2033

Active
WERNER STEVENS

Director · since 15 avril 2025 · until 27 mai 2031

Active
JEROEN KRUISWEG

Director · since 30 juin 2023 · until 15 avril 2025

Active
JOHAN PORTIER

Director · since 30 juin 2023 · until 31 mars 2026

Active

Ended mandates

JEROEN KRUISWEG

Director · since 30 juin 2023 · until 25 mai 2027

Ended
JOHAN PORTIER

Managing director · since 30 juin 2023 · until 25 mai 2027

Ended
ANNIE PIN

Chairman of the board of directors · since 25 mai 2021 · until 28 mai 2024

Ended
Hans van Beeck

Director · since 10 juin 2019 · until 25 mai 2021

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202615/05/202514/06/202431/05/202309/06/202217/06/2021
General meeting26/05/202605/05/202528/05/202423/05/202324/05/202225/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

29 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/05/202608/06/2026DutchPDF
Full model31/12/202405/05/202515/05/2025DutchPDF
Full model31/12/202328/05/202414/06/2024FrenchPDF
Consolidated accounts31/12/202328/05/202414/06/2024FrenchPDF
Full model31/12/202223/05/202331/05/2023FrenchPDF
Consolidated accounts31/12/202223/05/202310/06/2023FrenchPDF
Full model31/12/202124/05/202209/06/2022FrenchPDF
Consolidated accounts31/12/202124/05/202227/06/2022FrenchPDF
Full model31/12/202025/05/202115/06/2021FrenchPDF
Consolidated accounts31/12/202025/05/202117/06/2021FrenchPDF
Full model31/12/201926/05/202017/06/2020FrenchPDF
Consolidated accounts31/12/201926/05/202017/06/2020FrenchPDF
Full model31/12/201828/05/201920/06/2019FrenchPDF
Consolidated accounts31/12/201828/05/201920/06/2019FrenchPDF
Full model31/12/201715/06/201826/06/2018FrenchPDF
Consolidated accounts31/12/201715/06/201826/06/2018FrenchPDF
Full model31/12/201613/06/201728/06/2017FrenchPDF
Consolidated accounts31/12/201613/06/201727/06/2017FrenchPDF
Full model31/12/201514/06/201630/06/2016FrenchPDF
Consolidated accounts31/12/201514/06/201601/07/2016FrenchPDF
Full model31/12/201426/05/201523/06/2015FrenchPDF
Full model31/12/201327/05/201418/06/2014FrenchPDF
Full model31/12/201228/05/201326/06/2013FrenchPDF
Full model31/12/201122/05/201222/06/2012FrenchPDF

View all 29 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 26 ended

Active mandates

PIETER WAEGENAER

Director · since 31 mars 2026 · until 24 mai 2033

Active
WERNER STEVENS

Director · since 15 avril 2025 · until 27 mai 2031

Active
JEROEN KRUISWEG

Director · since 30 juin 2023 · until 15 avril 2025

Active
JOHAN PORTIER

Director · since 30 juin 2023 · until 31 mars 2026

Active

Ended mandates

JEROEN KRUISWEG

Director · since 30 juin 2023 · until 25 mai 2027

Ended
JOHAN PORTIER

Managing director · since 30 juin 2023 · until 25 mai 2027

Ended
ANNIE PIN

Chairman of the board of directors · since 25 mai 2021 · until 28 mai 2024

Ended
Hans van Beeck

Director · since 10 juin 2019 · until 25 mai 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other02/07/2026
    PDF
  • Restructuring02/06/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates11/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring27/05/2025
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/03/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office06/01/2025
    SIEGE SOCIAL - OBJET
    PDF
  • Capital / shares22/03/2024
    CAPITAL, ACTIONS
    PDF
  • Mandates12/02/2024
    DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202572,5 M €
  2. 15/04/2025
    nominationWerner Stevens — bestuurder
  3. 04/04/2025
    nominationSteven Van Campenhout — commissaris
  4. 01/01/2025
    augmentation_capitalAyvens SA
  5. 2024
    Annual accounts 202497,6 M €
  6. 01/01/2024
    nominationSteven Van Campenhout — vaste vertegenwoordiger (commissaris)
  7. 2023
    Annual accounts 202359,4 M €
  8. 22/11/2023
    autre
  9. 2022
    Annual accounts 202216,5 M €
  10. 03/05/2022
    nominationKlaudija CASAR TORKAR — Chief Executive Officer (CEO)
  11. 2021
    Annual accounts 2021-13,6 M €
  12. 2020
    Annual accounts 2020-24 M €
  13. 2019
    Annual accounts 2019-7,1 M €
  14. 2018
    Annual accounts 2018-12 M €
  15. 2017
    Annual accounts 201711,6 M €
  16. 2016
    Annual accounts 201612,6 M €
  17. 2013
    Annual accounts 201322,1 M €
  18. 01/01/1946
    IncorporationPublic limited company