ACTIVE

AXO

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Financial year 2025 · closed on 31/12/2025

Net result

558,8 k €

-42.5% YoY

Gross margin

2,5 M €

-11.1% YoY

Equity

2 M €

+15.0% YoY

Workforce

22,5 ETP

+24.3% YoY

What does AXO do?

AXO is a Public limited company incorporated in 1997. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Berchem-Sainte-Agathe. It employs on average 22,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.689.622

Incorporation

21/05/1997

Legal form

Public limited company

Registered office

Rue de la Technologie 71
1082 Berchem-Sainte-Agathe · BruxellesSee on map

Contributed capital

205 155,01 €

Latest accounts

31/12/2025

Average workforce

22,5 ETP

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 45332Sale of motor vehicle parts and accessories 37000Sewerage+11

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,5 M €	-11.1%	2,8 M €	+54.7%	1,8 M €	+12.9%	1,6 M €		–		–		–		–		–		–		–		–		789 k €	+168%	294 k €		–		–		–		–		–		–
EBITDA	1 M €	-33.4%	1,5 M €	+217%	473,5 k €	-5.4%	500,5 k €	+17.0%	427,6 k €	+103%	211,1 k €	+1.7%	207,6 k €	+384%	42,9 k €	-0.6%	43,2 k €	-39.0%	70,8 k €	-50.1%	141,7 k €	+9.2%	129,8 k €	-43.6%	230,2 k €	+165%	-353,4 k €	-327%	155,4 k €	+218%	48,8 k €	+258%	-31 k €	-128%	110,6 k €	-37.1%	175,9 k €	+175%	-233,6 k €
Operating result	828 k €	-38.0%	1,3 M €	+127%	589 k €	+40.0%	420,7 k €	+18.2%	356 k €	+121%	160,9 k €	-2.6%	165,2 k €	+415%	32,1 k €	+4.3%	30,8 k €	-46.9%	57,9 k €	+26.5%	45,8 k €	+25.9%	36,3 k €	-81.3%	194,3 k €	+140%	-480,7 k €	-834%	65,4 k €	+242%	-46 k €	+65.5%	-133,6 k €	-4085%	-3,2 k €	-105%	65,2 k €	+121%	-305,8 k €
Net result	558,8 k €	-42.5%	971,8 k €	+129%	425,3 k €	+41.5%	300,6 k €	+20.1%	250,3 k €	+112%	118,3 k €	+8.7%	108,8 k €	+761%	12,6 k €	+68.0%	7,5 k €	-62.7%	20,2 k €	+0.5%	20,1 k €	+35.0%	14,9 k €	-86.9%	113,3 k €	+406%	22,4 k €	+32.7%	16,9 k €	+135%	-48,6 k €	+78.1%	-221,7 k €	-18256%	-1,2 k €	-120%	6,1 k €	+102%	-348,8 k €
Balance sheet
Equity	2 M €	+15.0%	1,7 M €	+49.7%	1,2 M €	+31.4%	875,3 k €	+38.5%	632,2 k €	+46.4%	431,9 k €	+29.5%	333,5 k €	-22.5%	430,6 k €	-1.7%	438 k €	+1.7%	430,5 k €	+4.9%	410,3 k €	+5.2%	390,2 k €	+4.0%	375,3 k €	+43.3%	261,9 k €	-47.8%	501,6 k €	+3.5%	484,8 k €	-6.4%	518 k €	-30.5%	744,8 k €	-0.9%	751,4 k €	+15.4%	651,3 k €
Total assets	4,8 M €	+19.5%	4 M €	+21.4%	3,3 M €	+29.2%	2,5 M €	+7.5%	2,4 M €	+7.4%	2,2 M €	+13.7%	1,9 M €	+34.0%	1,4 M €	+19.0%	1,2 M €	-14.8%	1,4 M €	+19.6%	1,2 M €	-12.3%	1,4 M €	-29.3%	1,9 M €	+18.9%	1,6 M €	-35.2%	2,5 M €	+7.9%	2,3 M €	-5.3%	2,4 M €	-3.6%	2,5 M €	+10.1%	2,3 M €	-5.6%	2,4 M €
Cash	1,2 M €	-11.1%	1,3 M €	+281%	347,3 k €	+32.0%	263,2 k €	-55.6%	592,6 k €	+18.5%	500,2 k €	+36.5%	366,5 k €	-32.1%	539,5 k €	+119%	246 k €	-40.5%	413,4 k €	+23.6%	334,4 k €	+116%	154,5 k €	+60.4%	96,3 k €	+932%	9,3 k €	-77.0%	40,5 k €	-9.1%	44,6 k €	+37.8%	32,4 k €	-75.5%	132,3 k €	+10687%	1,2 k €	-99.4%	210,8 k €
Debts	2,7 M €	+22.0%	2,2 M €	+3.1%	2,1 M €	+46.4%	1,5 M €	-3.6%	1,5 M €	-2.4%	1,6 M €	+14.4%	1,4 M €	+76.0%	769,8 k €	+2.7%	749,4 k €	-23.5%	979 k €	+27.2%	769,9 k €	-19.8%	960,2 k €	-37.9%	1,5 M €	+14.2%	1,4 M €	-32.1%	2 M €	+9.4%	1,8 M €	-2.8%	1,9 M €	+5.4%	1,8 M €	+16.2%	1,5 M €	-13.6%	1,8 M €
Other
Workforce	22,5 ETP	+24.3%	18,1 ETP	-0.5%	18,2 ETP	-9.5%	20,1 ETP	+14.2%	17,6 ETP	+8.6%	16,2 ETP	-16.5%	19,4 ETP	-3.0%	20,0 ETP	+9.3%	18,3 ETP	-1.1%	18,5 ETP	+6.3%	17,4 ETP	-1.1%	17,6 ETP	+3.5%	17,0 ETP	+16.4%	14,6 ETP	-39.9%	24,3 ETP	-13.2%	28,0 ETP	-16.9%	33,7 ETP	-2.6%	34,6 ETP	+15.0%	30,1 ETP	-0.3%	30,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 20 ended

Active mandates

Félix FERNANDEZ

Managing director · since 14 décembre 2023

Active

Laura FERNANDEZ MACHADO

Managing director · since 14 décembre 2023

Active

Maria Machado

Director · since 14 décembre 2023

Active

Michael FERNANDEZ

Managing director · since 14 décembre 2023

Active

Ended mandates

Félix FERNANDEZ

Managing director · since 13 mai 2022

Ended

Laura FERNANDEZ MACHADO

Managing director · since 13 mai 2022

Ended

Maria Machado

Director · since 13 mai 2022

Ended

Michael FERNANDEZ

Managing director · since 13 mai 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/06/2026	17/06/2025	12/06/2024	07/06/2023	02/06/2022	17/06/2021
General meeting	18/05/2026	19/05/2025	20/05/2024	15/05/2023	16/05/2022	17/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/05/2026	08/06/2026	French	PDF
Abridged model	31/12/2024	19/05/2025	17/06/2025	French	PDF
Abridged model	31/12/2023	20/05/2024	12/06/2024	French	PDF
Abridged model	31/12/2022	15/05/2023	07/06/2023	French	PDF
Full model	31/12/2021	16/05/2022	02/06/2022	French	PDF
Full model	31/12/2020	17/05/2021	17/06/2021	French	PDF
Full model	31/12/2019	18/05/2020	27/08/2020	French	PDF
Full model	31/12/2018	20/05/2019	30/08/2019	French	PDF
Full model	31/12/2017	21/05/2018	02/07/2018	French	PDF
Full model	31/12/2016	15/05/2017	05/07/2017	French	PDF
Full model	31/12/2015	16/05/2016	12/07/2016	French	PDF
Full model	31/12/2014	18/05/2015	10/08/2015	French	PDF
Abridged model	31/12/2013	19/05/2014	19/06/2014	French	PDF
Abridged model	31/12/2012	20/05/2013	27/08/2013	French	PDF
Full model	31/12/2011	21/05/2012	01/06/2012	French	PDF
Full model	31/12/2010	16/05/2011	21/06/2011	French	PDF
Full model	31/12/2009	17/05/2010	15/06/2010	French	PDF
Full model	31/12/2008	18/05/2009	08/06/2009	French	PDF
Full model	31/12/2007	19/05/2008	22/05/2008	French	PDF
Full model	31/12/2006	30/05/2007	15/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 20 ended

Active mandates

Félix FERNANDEZ

Managing director · since 14 décembre 2023

Active

Laura FERNANDEZ MACHADO

Managing director · since 14 décembre 2023

Active

Maria Machado

Director · since 14 décembre 2023

Active

Michael FERNANDEZ

Managing director · since 14 décembre 2023

Active

Ended mandates

Félix FERNANDEZ

Managing director · since 13 mai 2022

Ended

Laura FERNANDEZ MACHADO

Managing director · since 13 mai 2022

Ended

Maria Machado

Director · since 13 mai 2022

Ended

Michael FERNANDEZ

Managing director · since 13 mai 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates08/06/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office18/08/2020
SIEGE SOCIAL
PDF
Restructuring06/03/2020
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring05/07/2019
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates22/05/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office12/04/2012
SIEGE SOCIAL
PDF
Mandates13/10/2011
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

2025
Annual accounts 2025558,8 k €↓
2024
Annual accounts 2024971,8 k €↑
2023
Annual accounts 2023425,3 k €↑
2022
Annual accounts 2022300,6 k €↑
2021
Annual accounts 2021250,3 k €↑
2020
Annual accounts 2020118,3 k €↑
2019
Annual accounts 2019108,8 k €↑
2018
Annual accounts 201812,6 k €↑
2017
Annual accounts 20177,5 k €↓
2016
Annual accounts 201620,2 k €↑
2015
Annual accounts 201520,1 k €↑
2014
Annual accounts 201414,9 k €↓
2013
Annual accounts 2013113,3 k €↑
2012
Annual accounts 201222,4 k €↑
2011
Annual accounts 201116,9 k €↑
2010
Annual accounts 2010-48,6 k €↑
2009
Annual accounts 2009-221,7 k €↓
2008
Annual accounts 2008-1,2 k €↓
2007
Annual accounts 20076,1 k €↑
2006
Annual accounts 2006-348,8 k €
21/05/1997
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AXO

Overview

What does AXO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline