ACTIVE

A.X.S.

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-2,8 k €

+72.9% YoY

Gross margin

-2 k €

+78.6% YoY

Equity

5,8 k €

-32.4% YoY

What does A.X.S. do?

A.X.S. is a Cooperative society incorporated in 2004. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.724.604

Incorporation

11/06/2004

Legal form

Cooperative society

Registered office

Avenue Louise 500 box 5
1050 Bruxelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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 k €	+78.6%	-9,2 k €	-203%	9 k €	+168%	3,3 k €	+61.6%	2,1 k €	+128%	-7,3 k €	-139%	18,6 k €	+1238%	-1,6 k €	-174%	2,2 k €	+108%	-28,2 k €	-219%	23,7 k €	-33.3%	35,5 k €	+40.5%	25,3 k €	+104%	12,4 k €	+27.2%	9,7 k €	+196%	-10,1 k €	-482%	2,6 k €	-91.5%	31,1 k €	-8.3%	33,9 k €	-1.1%	34,3 k €
EBITDA	-2 k €	+78.5%	-9,4 k €	-206%	8,9 k €	+170%	3,3 k €	+62.9%	2 k €	+127%	-7,5 k €	-140%	18,6 k €	+651%	-3,4 k €	-260%	2,1 k €	+107%	-29,5 k €	-229%	22,9 k €	-33.8%	34,5 k €	+65.0%	20,9 k €	+83.3%	11,4 k €	+43.1%	8 k €	+167%	-11,8 k €	-600%	-1,7 k €	-111%	15,6 k €	-14.8%	18,3 k €	+732%	2,2 k €
Operating result	-2,6 k €	+74.7%	-10,1 k €	-228%	7,9 k €	+239%	2,3 k €	+77.2%	1,3 k €	+116%	-8,1 k €	-151%	15,9 k €	+368%	-5,9 k €	-419%	-1,1 k €	+96.5%	-32,7 k €	-265%	19,8 k €	-38.6%	32,3 k €	+70.5%	18,9 k €	+93.4%	9,8 k €	+31.6%	7,4 k €	+160%	-12,4 k €	-387%	-2,5 k €	-117%	15 k €	-14.5%	17,6 k €	+764%	2 k €
Net result	-2,8 k €	+72.9%	-10,2 k €	-306%	4,9 k €	+136%	2,1 k €	+91.0%	1,1 k €	+113%	-8,4 k €	-154%	15,5 k €	+356%	-6,1 k €	-311%	-1,5 k €	+95.5%	-32,9 k €	-268%	19,6 k €	+54.8%	12,7 k €	+68.6%	7,5 k €	-22.3%	9,7 k €	+33.6%	7,2 k €	+154%	-13,5 k €	-597%	-1,9 k €	-121%	9,1 k €	-47.7%	17,4 k €	+818%	1,9 k €
Balance sheet
Equity	5,8 k €	-32.4%	8,5 k €	-54.5%	18,7 k €	+35.9%	13,8 k €	+17.9%	11,7 k €	+10.3%	10,6 k €	-44.2%	18,9 k €	+451%	3,4 k €	-63.8%	9,5 k €	-13.5%	11 k €	-75.0%	43,9 k €	+80.8%	24,3 k €	+109%	11,6 k €	+184%	4,1 k €	+173%	-5,6 k €	+56.4%	-12,8 k €	-2142%	629 €	-75.4%	2,6 k €	+139%	-6,6 k €	+72.7%	-24 k €
Total assets	10,8 k €	-12.5%	12,4 k €	-59.5%	30,5 k €	+35.6%	22,5 k €	-15.2%	26,5 k €	+86.9%	14,2 k €	-76.3%	59,8 k €	+354%	13,2 k €	-41.2%	22,4 k €	-21.8%	28,6 k €	-53.9%	62,1 k €	+18.5%	52,4 k €	+111%	24,9 k €	+0.2%	24,8 k €	+107%	12 k €	+9.0%	11 k €	-78.1%	50,4 k €	+100%	25,1 k €	-35.3%	38,9 k €	-4.5%	40,7 k €
Cash	10 k €	+159%	3,8 k €	-80.7%	20 k €	+1.3%	19,7 k €	-12.5%	22,5 k €	+92.9%	11,7 k €	-66.0%	34,3 k €	+644%	4,6 k €	-25.7%	6,2 k €	+36.5%	4,6 k €	-74.0%	17,5 k €	+12.2%	15,6 k €	+168%	5,8 k €	-25.3%	7,8 k €	+23.9%	6,3 k €	+81.7%	3,5 k €	+10071%	34 €	-99.7%	10,9 k €	+625%	1,5 k €	-86.2%	10,9 k €
Debts	5,1 k €	+31.5%	3,9 k €	-67.4%	11,8 k €	+35.3%	8,7 k €	-41.1%	14,9 k €	+311%	3,6 k €	-91.2%	40,9 k €	+320%	9,7 k €	-24.5%	12,9 k €	-26.9%	17,6 k €	-3.2%	18,2 k €	-35.3%	28,2 k €	+112%	13,3 k €	-35.9%	20,8 k €	+17.9%	17,6 k €	-26.2%	23,9 k €	-52.0%	49,7 k €	+120%	22,6 k €	-50.3%	45,4 k €	-29.8%	64,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	-50.0%	0,2 ETP	-71.4%	0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Serge Demaret

Mandate

Active

Ended mandates

Serge Demaret

Director · since 21 mai 2020 · until 20 mai 2026

Ended

Serge Demaret

Managing director · since 21 mai 2014 · until 20 mai 2020

Ended

Serge Demaret

Managing director · since 20 mai 2009 · until 21 mai 2014

Ended

Serge Demaret

Managing director · since 26 mai 2004 · until 26 mai 2009

Ended

At this address

Other companies at this address

Company	CBE no.
A.C.P. AVENUE LOUISE 500 1050 BRUXELLES ACP● Active	0850.243.503
ACT & EVOLVE● Active	0456.073.313
ACTION INTERNATIONALE POUR L'EDUCATION ET LA MIGRATION● Active	0798.974.647
ADWORLD● Active	0828.516.788
Africa Promotion Centre● Active	0806.023.181
AION Consulting● Active	0701.962.670
ALIGHIERI● Active	0849.912.614
ALPHA CAPITAL● Active	0820.827.460
AL TRADING PARTNERS● Active	0862.972.772
ALYNA● Active	0719.564.806
ANIXTON● Active	0880.036.656
ARTAMIS● Active	0826.073.576
ARTAMIS INDUSTRIAL● Active	0842.796.277
Art'Café-Gallery● Active	0803.943.027
Association Belge des Femmes Chefs d'Entreprises● Active	0408.940.815
Association Internationale de Professionnels de la Médiation● Active	1011.005.363
Association professionnelle des Grossistes en Bijouterie et Orfèvrerie - Beroepsvereniging van Groothandelaars in Juwelen en Zilverwerk● Active	0409.212.217
Aston Property Group● Active	0791.766.755
ATAYA & PARTNERS● Active	0719.976.659
Auboin Consulting & Services● Active	0771.680.530

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged 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	12/06/2026	27/06/2025	09/07/2024	21/07/2023	07/07/2022	10/07/2021
General meeting	20/05/2026	21/05/2025	15/05/2024	17/05/2023	18/05/2022	19/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/05/2026	12/06/2026	French	PDF
Micro model	31/12/2024	21/05/2025	27/06/2025	French	PDF
Abridged model	31/12/2023	15/05/2024	09/07/2024	French	PDF
Abridged model	31/12/2022	17/05/2023	21/07/2023	French	PDF
Abridged model	31/12/2021	18/05/2022	07/07/2022	French	PDF
Abridged model	31/12/2020	19/05/2021	10/07/2021	French	PDF
Abridged model	31/12/2019	20/05/2020	29/05/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	25/07/2019	French	PDF
Abridged model	31/12/2017	18/05/2018	30/07/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	18/05/2016	22/07/2016	French	PDF
Abridged model	31/12/2014	20/05/2015	20/07/2015	French	PDF
Abridged model	31/12/2013	21/05/2014	25/09/2014	French	PDF
Abridged model	31/12/2012	15/05/2013	29/07/2013	French	PDF
Abridged model	31/12/2011	16/05/2012	13/08/2012	French	PDF
Abridged model	31/12/2010	18/05/2011	27/07/2011	French	PDF
Abridged model	31/12/2009	19/05/2010	28/07/2010	French	PDF
Abridged model	31/12/2008	20/05/2009	04/08/2009	French	PDF
Abridged model	31/12/2007	21/05/2008	28/07/2008	French	PDF
Abridged model	31/12/2006	16/05/2007	30/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 4 ended

Active mandates

Serge Demaret

Mandate

Active

Ended mandates

Serge Demaret

Director · since 21 mai 2020 · until 20 mai 2026

Ended

Serge Demaret

Managing director · since 21 mai 2014 · until 20 mai 2020

Ended

Serge Demaret

Managing director · since 20 mai 2009 · until 21 mai 2014

Ended

Serge Demaret

Managing director · since 26 mai 2004 · until 26 mai 2009

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other20/07/2023
MODIFICATION FORME JURIDIQUE
PDF
Registered office29/08/2008
SIEGE SOCIAL
PDF
Registered office03/08/2005
SIEGE SOCIAL
PDF
Other21/06/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-2,8 k €↑
2024
Annual accounts 2024-10,2 k €↓
2023
Annual accounts 20234,9 k €↑
2022
Annual accounts 20222,1 k €↑
2021
Annual accounts 20211,1 k €↑
2020
Annual accounts 2020-8,4 k €↓
2019
Annual accounts 201915,5 k €↑
2018
Annual accounts 2018-6,1 k €↓
2017
Annual accounts 2017-1,5 k €↑
2016
Annual accounts 2016-32,9 k €↓
2015
Annual accounts 201519,6 k €↑
2014
Annual accounts 201412,7 k €↑
2013
Annual accounts 20137,5 k €↓
2012
Annual accounts 20129,7 k €↑
2011
Annual accounts 20117,2 k €↑
2010
Annual accounts 2010-13,5 k €↓
2009
Annual accounts 2009-1,9 k €↓
2008
Annual accounts 20089,1 k €↓
2007
Annual accounts 200717,4 k €↑
2006
Annual accounts 20061,9 k €
11/06/2004
IncorporationCooperative society

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

A.X.S.

Overview

What does A.X.S. do?

Trend over 20 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