ACTIVE

AXFIN-B

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Financial year 2025 · closed on 31/12/2025

Net result

110,5 k €

-28.8% YoY

Gross margin

690,1 k €

-5.2% YoY

Equity

224,6 k €

-28.5% YoY

Workforce

5,1 ETP

-3.8% YoY

What does AXFIN-B do?

AXFIN-B is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Middelkerke. It employs on average 5,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.313.262

Incorporation

10/02/2004

Legal form

Private limited company

Registered office

Westendelaan 271
8434 Middelkerke · FlandreSee on map

Contributed capital

61 422,57 €

Latest accounts

31/12/2025

Average workforce

5,1 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2025		2024		2023		2022		2021		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	690,1 k €	-5.2%	727,8 k €	+18.8%	612,4 k €	+17.1%	522,9 k €	+883%	53,2 k €	-84.2%	337,4 k €	+4.4%	323,3 k €	+15.3%	280,5 k €	+77.2%	158,3 k €	-5.7%	167,9 k €	+3.1%	162,9 k €	+8.6%	149,9 k €	-18.6%	184,2 k €	+5.1%	175,2 k €	-16.2%	209,1 k €	+189%	72,4 k €	+1899%	3,6 k €	+69.4%	2,1 k €	-94.7%	40,1 k €	+36.6%	29,4 k €	+145%	12 k €
EBITDA	295,1 k €	-14.3%	344,3 k €	+30.0%	264,9 k €	+29.7%	204,3 k €	+23032%	883,1 €	-99.6%	203,1 k €	+4.6%	194,3 k €	+14.7%	169,3 k €	+77.2%	95,6 k €	+28.2%	74,5 k €	-28.9%	104,8 k €	+16.8%	89,7 k €	-24.8%	119,3 k €	+8.1%	110,4 k €	-18.9%	136,2 k €	+156%	53,2 k €	+2761%	1,9 k €	+661%	-331,4 €	-101%	38,4 k €	+38.6%	27,7 k €	+191%	9,5 k €
Operating result	169,7 k €	-27.9%	235,4 k €	+24.4%	189,3 k €	+47.2%	128,6 k €	+539%	-29,3 k €	-136%	80,9 k €	+10.7%	73 k €	+49.8%	48,7 k €	+20.4%	40,5 k €	+90.2%	21,3 k €	-46.6%	39,9 k €	-8.2%	43,4 k €	+90.8%	22,7 k €	+87.4%	12,1 k €	-75.5%	49,5 k €	+849%	-6,6 k €	-18.8%	-5,6 k €	+45.3%	-10,2 k €	-139%	26,1 k €	+75.1%	14,9 k €	+362%	-5,7 k €
Net result	110,5 k €	-28.8%	155,3 k €	+27.7%	121,6 k €	+56.1%	77,9 k €	+313%	-36,6 k €	-196%	38 k €	+102%	18,8 k €	+59.5%	11,8 k €	+44.5%	8,2 k €	+194%	-8,7 k €	-201%	8,5 k €	+171%	-12 k €	+41.5%	-20,6 k €	+18.9%	-25,4 k €	-290%	13,3 k €	+192%	-14,5 k €	-119%	-6,6 k €	+26.4%	-9 k €	-157%	15,8 k €	+155%	6,2 k €	+192%	-6,7 k €
Balance sheet
Equity	224,6 k €	-28.5%	314,1 k €	+21.3%	258,8 k €	+88.6%	137,3 k €	+733%	16,5 k €	-68.9%	53 k €	+254%	15 k €	+490%	-3,8 k €	+75.4%	-15,6 k €	+34.3%	-23,8 k €	-57.2%	-15,1 k €	+36.1%	-23,7 k €	-103%	-11,7 k €	-231%	8,9 k €	-74.0%	34,3 k €	+63.8%	20,9 k €	-28.4%	29,2 k €	-18.5%	35,9 k €	-20.1%	44,9 k €	+54.6%	29 k €	+27.3%	22,8 k €
Total assets	777,6 k €	-16.9%	935,6 k €	+3.5%	904,2 k €	-0.0%	904,3 k €	-15.6%	1,1 M €	-11.5%	1,2 M €	-6.6%	1,3 M €	-6.8%	1,4 M €	+65.0%	842,4 k €	-2.7%	865,7 k €	-18.5%	1,1 M €	-2.9%	1,1 M €	-2.7%	1,1 M €	+4.1%	1,1 M €	+30.0%	830,5 k €	+2.0%	814,1 k €	+1169%	64,2 k €	-16.6%	76,9 k €	+31.5%	58,5 k €	+12.5%	52 k €	-6.5%	55,6 k €
Cash	17,6 k €	-75.5%	71,9 k €	-3.7%	74,7 k €	+211%	24 k €	-67.4%	73,6 k €	-56.8%	170,5 k €	+25.3%	136,1 k €	+11.3%	122,3 k €	-6.6%	131 k €	+13.1%	115,8 k €	+83.6%	63,1 k €	+187%	22 k €	+213%	7 k €	-80.8%	36,6 k €	-39.1%	60 k €	-53.8%	130 k €	+449%	23,7 k €	-21.3%	30 k €	+1741%	1,6 k €	-50.4%	3,3 k €	+82.8%	1,8 k €
Debts	553 k €	-11.0%	621,5 k €	-3.7%	645,4 k €	-15.9%	767 k €	-27.0%	1,1 M €	-5.9%	1,1 M €	-11.5%	1,3 M €	-8.5%	1,4 M €	+61.5%	853,8 k €	-3.7%	886,6 k €	-17.6%	1,1 M €	-3.6%	1,1 M €	-1.6%	1,1 M €	+6.3%	1,1 M €	+34.9%	792,1 k €	+0.6%	787,7 k €	+2155%	34,9 k €	-12.3%	39,8 k €	+193%	13,6 k €	-39.8%	22,6 k €	-31.1%	32,8 k €
Other
Workforce	5,1 ETP	-3.8%	5,3 ETP	+15.2%	4,6 ETP	-8.0%	5,0 ETP	+85.2%	2,7 ETP		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+66.7%	0,6 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Axfin-A

Director · 0440.608.444

Represented by Ethel De Blieck

Active

Ended mandates

Axfin-A

Director · since 18 novembre 2021 · 0440.608.444

Represented by Ethel De Blieck

Ended

Axfin-A

Director · since 18 novembre 2021 · 0440.608.444

Represented by Ethel De Blieck

Ended

Axfin-A

Director · since 18 novembre 2021 · 0440.608.444

Represented by Ethel DE BLIECK

Ended

Vincent DEBEUF

Director · since 01 octobre 2012 · until 18 novembre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Axfin-A● Active	0440.608.444
Handelaarsbond Westende Dorp● Active	0457.276.608

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/10/2021	01/10/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/09/2021
Length of the financial year	12 months	12 months	12 months	12 months	3 months	12 months
Filing date	23/06/2026	08/05/2025	24/05/2024	17/07/2023	28/04/2022	27/12/2021
General meeting	20/06/2026	25/04/2025	08/05/2024	20/06/2023	14/04/2022	30/11/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	25/04/2025	08/05/2025	Dutch	PDF
Abridged model	31/12/2023	08/05/2024	24/05/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	14/04/2022	28/04/2022	Dutch	PDF
Micro model	30/09/2021	30/11/2021	27/12/2021	Dutch	PDF
Micro model	30/09/2020	15/02/2021	28/04/2021	Dutch	PDF
Micro model	30/09/2019	15/02/2020	27/04/2020	Dutch	PDF
Micro model	30/09/2018	15/02/2019	02/04/2019	Dutch	PDF
Micro model	30/09/2017	15/02/2018	26/04/2018	Dutch	PDF
Abridged model	30/09/2016	15/02/2017	02/05/2017	Dutch	PDF
Abridged model	30/09/2015	15/02/2016	25/03/2016	Dutch	PDF
Abridged model	30/09/2014	16/02/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/02/2014	28/04/2014	Dutch	PDF
Abridged model	30/09/2012	15/02/2013	29/03/2013	Dutch	PDF
Abridged model	30/09/2011	15/02/2012	27/03/2012	Dutch	PDF
Abridged model	30/09/2010	15/02/2011	25/03/2011	Dutch	PDF
Abridged model	30/09/2009	15/02/2010	17/03/2010	Dutch	PDF
Abridged model	30/09/2008	15/02/2009	05/03/2009	Dutch	PDF
Abridged model	30/09/2007	15/02/2008	26/03/2008	Dutch	PDF
Abridged model	30/09/2006	15/02/2007	24/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 9 ended

Active mandates

Axfin-A

Director · 0440.608.444

Represented by Ethel De Blieck

Active

Ended mandates

Axfin-A

Director · since 18 novembre 2021 · 0440.608.444

Represented by Ethel De Blieck

Ended

Axfin-A

Director · since 18 novembre 2021 · 0440.608.444

Represented by Ethel De Blieck

Ended

Axfin-A

Director · since 18 novembre 2021 · 0440.608.444

Represented by Ethel DE BLIECK

Ended

Vincent DEBEUF

Director · since 01 octobre 2012 · until 18 novembre 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring30/08/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares30/08/2022
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/12/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring06/12/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates23/11/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DIVERSEN - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office22/04/2016
MAATSCHAPPELIJKE ZETEL
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 2025110,5 k €↓
2024
Annual accounts 2024155,3 k €↑
2023
Annual accounts 2023121,6 k €↑
2022
Annual accounts 202277,9 k €↑
2021
Annual accounts 2021-36,6 k €↓
2021
Annual accounts 202138 k €↑
2021
Name changeAxfin-B
2020
Annual accounts 202018,8 k €↑
2019
Annual accounts 201911,8 k €↑
2018
Annual accounts 20188,2 k €↑
2017
Annual accounts 2017-8,7 k €↓
2016
Annual accounts 20168,5 k €↑
2015
Annual accounts 2015-12 k €↑
2014
Annual accounts 2014-20,6 k €↑
2013
Annual accounts 2013-25,4 k €↓
2012
Annual accounts 201213,3 k €↑
2011
Annual accounts 2011-14,5 k €↓
2010
Annual accounts 2010-6,6 k €↑
2009
Annual accounts 2009-9 k €↓
2008
Annual accounts 200815,8 k €↑
2007
Annual accounts 20076,2 k €↑
2006
Annual accounts 2006-6,7 k €
2006
Name changeBART GRYSON
10/02/2004
IncorporationPrivate 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

AXFIN-B

Overview

What does AXFIN-B do?

Trend over 21 financial years

Indicative valuation

Board of directors

Other companies at this address

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