AXUS
ActiveSummary
AXUS has been active since 1946 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €681.98M and a net result of €72.52M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 435 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-3
Solvency43▲+8
Growth78▲+8
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.3 in 2024; short-term debt: 28.9% and cash: 0% of total assets), and 82.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight 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
17.7%
Return on assets
1.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 435 sector peers (2025).
NBB · sector comparisonPosition among 435 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €681.98M
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 08-06-2026, 53 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
53 d early
2024
77 d early
2023
47 d early
2022
61 d early
2021
52 d early
2020
46 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€1.80B▲ 69.9%
2024 · €1.06B
2018: €725.80M
2019: €731.84M
2020: €748.88M
2021: €777.86M
2022: €919.25M
2023: €988.97M
2024: €1.06B
2018 → 2025
EBIT margin
8.2%▼ 4.6pp
2024 · 12.9%
2018: -2.2%
2019: -1.3%
2020: -2.3%
2021: -1.2%
2022: 1.9%
2023: 7.6%
2024: 12.9%
2018 → 2025
Net result
€72.52M▼ 25.7%
2024 · €97.64M
2018: €-11.98M
2019: €-7.06M
2020: €-24.00M
2021: €-13.64M
2022: €16.54M
2023: €59.36M
2024: €97.64M
2018 → 2025
Working capital
€-785.62M▼ 102%
2024 · €-389.33M
2018: €-201.18M
2019: €-97.50M
2020: €-245.21M
2021: €-258.97M
2022: €-136.92M
2023: €-347.98M
2024: €-389.33M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€777.86M-€919.25M▲ 18.2%€988.97M▲ 7.6%€1.06B▲ 7.4%€1.80B▲ 69.9%
Equity€64.42M-€70.97M▲ 10.2%€92.68M▲ 30.6%€172.47M▲ 86.1%€681.98M▲ 295%
Operating result€-9.42M-€17.36M€74.84M▲ 331%€136.56M▲ 82.5%€148.77M▲ 8.9%
Net result€-13.64M-€16.54M€59.36M▲ 259%€97.64M▲ 64.5%€72.52M▼ 25.7%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.85B
Fixed assets
€3.52B ▲ 127%
Current assets
€329.77M ▲ 97.6%
Equity and liabilities €3.85B
Equity
€681.98M ▲ 295%
Provisions
€42.51M ▲ 5,231%
Debt
€3.13B ▲ 102%
Debt's share of the balance-sheet total falls from 89.9% to 81.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€786.30M▲
2024 · €417.95M
Cash flow
€710.05M▲
2024 · €379.04M
Current ratio
0.30▼
2024 · 0.30
Quick ratio
0.26▼
2024 · 0.27
Debt to equity
4.59▼
2024 · 8.98
ROE
10.6%▼
2024 · 56.6%
ROA
1.9%▼
2024 · 5.7%
Interest coverage
8.11▼
2024 · 11.76
Debt ≤ 1 year
€1.12B▲
2024 · €556.26M
Debt > 1 year
€1.90B▲
2024 · €918.00M
Income taxes
€16.16M▼
2024 · €21.24M
Staff costs
€60.34M▲
2024 · €32.74M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 95 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.72B€3.85B▲
Fixed assets21/28€1.56B€3.52B▲
Intangible fixed assets21€767k€841k▲
Tangible fixed assets22/27€1.46B€3.07B▲
Furniture and vehicles24€1.47M€1.25M▼
Other tangible fixed assets26€1.46B€3.06B▲
Assets under construction and advance payments27-€2k
Financial fixed assets28€96.99M€457.53M▲
Affiliated companies280/1€96.72M€456.71M▲
Participating interests280€32k€32k=
Amounts receivable281€96.69M€456.68M▲
Other financial fixed assets284/8€268k€820k▲
Amounts receivable and cash guarantees285/8€268k€820k▲
Current assets29/58€166.93M€329.77M▲
Amounts receivable after more than one year29€9.24M€19.15M▲
Trade receivables290€9.24M€19.15M▲
Stocks and contracts in progress3€14.55M€39.98M▲
Stocks30/36€14.55M€39.98M▲
Goods purchased for resale34€14.55M€39.98M▲
Amounts receivable within one year40/41€98.54M€162.30M▲
Trade receivables40€74.18M€94.62M▲
Other amounts receivable41€24.35M€67.68M▲
Cash at bank and in hand54/58€5.80M€1.17M▼
Deferred charges and accrued income490/1€38.79M€107.17M▲
Equity and liabilities
Total equity and liabilities10/49€1.72B€3.85B▲
Equity10/15€172.47M€681.98M▲
Contributions10/11€47.40M€86.16M▲
Capital10€47.40M€86.16M▲
Issued capital100€47.40M€86.16M▲
Reserves13€12.70M€16.67M▲
Non-distributable reserves130/1€4.74M€8.62M▲
Legal reserve130€4.74M€8.62M▲
Tax-exempt reserves132€5.70M€5.80M▲
Distributable reserves133€2.25M€2.25M=
Profit (loss) carried forward14€112.37M€579.15M▲
Provisions and deferred taxes16€797k€42.51M▲
Provisions for liabilities and charges160/5€797k€42.51M▲
Major repairs and maintenance162€522k€1.90M▲
Other liabilities and charges164/5€276k€40.61M▲
Amounts payable17/49€1.55B€3.13B▲
Amounts payable after more than one year17€918.00M€1.90B▲
Financial debts170/4€918.00M€1.90B▲
Other loans174€918.00M€1.90B▲
Amounts payable within one year42/48€556.26M€1.12B▲
Current portion of amounts payable after more than one year42€365.00M€706.00M▲
Financial debts43€124.08M€208.33M▲
Credit institutions430/8€787€2.72M▲
Other loans439€124.08M€205.61M▲
Trade debts44€48.07M€175.06M▲
Suppliers440/4€48.07M€175.06M▲
Advances received on contracts in progress46-€1.74M
Taxes, remuneration and social security45€12.37M€19.81M▲
Taxes450/3€3.80M€1.39M▼
Remuneration and social security454/9€8.56M€18.42M▲
Other amounts payable47/48€6.75M€4.45M▼
Accrued charges and deferred income492/3€74.90M€110.27M▲
Income statement
Code20242025
Operating income70/76A€1.09B€1.88B▲
Turnover70€1.06B€1.80B▲
Other operating income74€30.99M€75.66M▲
Operating charges60/66A€956.78M€1.73B▲
Goods for resale, raw materials and consumables60€281.76M€530.76M▲
Purchases600/8€287.57M€496.14M▲
Change in stocks: decrease (increase)609€-5.81M€34.63M▲
Services and other goods61€335.05M€470.24M▲
Remuneration, social security and pensions62€32.74M€60.34M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€281.40M€637.53M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2.79M€5.17M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-258k€3.14M▲
Other operating charges640/8€23.29M€24.32M▲
Operating profit (loss)9901€136.56M€148.77M▲
Financial income75/76B€46.10M€46.14M▲
Recurring financial income75€45.88M€38.44M▼
Income from financial fixed assets750€21.15M€23.01M▲
Income from current assets751€97k€7.92M▲
Other financial income752/9€24.63M€7.51M▼
Non-recurring financial income76B€217k€7.70M▲
Financial charges65/66B€63.78M€106.23M▲
Recurring financial charges65€63.78M€106.23M▲
Debt charges650€35.54M€96.91M▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€1.89M€1.35M▼
Other financial charges652/9€26.35M€7.97M▼
Profit (loss) for the period before taxes9903€118.88M€88.68M▼
Income taxes67/77€21.24M€16.16M▼
Taxes670/3€22.45M€16.16M▼
Tax adjustments and reversals of tax provisions77€1.22M-
Profit (loss) for the period9904€97.64M€72.52M▼
Transfer to tax-exempt reserves689-€96k
Profit (loss) for the period to be appropriated9905€97.64M€72.42M▼
Appropriation of the result
Profit (loss) to be appropriated9906€130.22M€184.80M▲
Profit (loss) brought forward from the previous period14P€32.58M€112.37M▲
Transfer from equity791/2-€587.40M
From reserves792-€587.40M
Profit to be distributed694/7€17.85M€193.04M▲
Return on contributions (dividend)694€17.85M€193.04M▲
Social balance
Average headcount (FTE)9087294.8521.3▲
The notes to these accounts (77 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
23-09
State Gazette act
General meeting · Other statementDemerger · Capital increase · Statutes amendment10 facts ▸
State Gazette act
General meeting · Other statement
Demerger · Capital increase · Statutes amendment10 facts ▸
- General meeting, 04-09-2026
- Other statement, eenparigheid van stemmen, waiver of report under article 12:61 WVV
- Other statement, eenparigheid van stemmen, waiver of report under article 12:62 WVV
- Other statement, eenparigheid van stemmen, waiver of obligation to report material changes in assets and liabilities
- Demerger, partiele splitsing, eenparigheid van stemmen
- Capital increase, €109.909,74
- Statutes amendment, 5
- Power of attorney, David INDEKEU
- Other statement, fiscal treatment, artikel 211, §1, vierde lid WIB
- Other statement, interne en externe wettigheid, legality check
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €500MEq €681.98M ▲295%
4 profitable years in a row build equity to €681.98M.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €97.64M ▲64.5%
Net result €97.64M, the highest in the series.
31-12
Financial
Equity above €100MEq €172.47M ▲86.1%
3 profitable years in a row build equity to €172.47M.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
10-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €16.54M
Net result €16.54M after 4 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
Show earlier events
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-24.00M
Net result drops to €-24.00M, the lowest in the series; recovery starts the following year.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
55 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 6 establishment units since 1946
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.
Bourgetlaan 421932 ZaventemGround area
9.4 ha
Building footprint
3.6 ha
Volume, LiDAR
319,619 m³
6 parcels, Flanders, Wallonia · tallest building 42.9 m, ±7 floors. Linked by address, not a title deed.
6 establishment units
AXUS SA
since 19462.143.159.273
AXUS NV ( Ayvens)
since 19462.105.069.155
Telecomlaan 9, 1831 Machelen (Brab.)
since 19832.023.150.675
Car remarketing
since 19932.218.700.596
CarNext
since 20182.275.255.952
CarNext Liège
since 20192.315.933.101
6 parcels
Flanders
5
(83.3%)
Wallonia
1
(16.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23041A0039/00T000 | Flanders | 2.4 ha | 1 · 1.2 ha | 42.9 m · 2 fl. |
| 24014C0083/00P000 | Flanders | 1.8 ha | 1 · 2,342 m² | - |
| 23078B0159/00R000 | Flanders | 1.6 ha | 1 · 4,883 m² | 35.8 m · 7 fl. |
| 62815C0942/00R000 | Wallonia | 1.4 ha | 1 · 3,939 m² | 6.4 m · 2 fl. |
| 11372A0301/00B002 | Flanders | 1.2 ha | 1 · 8,605 m² | 9.3 m · 2 fl. |
| 23015B0030/00M000 | Flanders | 9,648 m² | 1 · 3,829 m² | 22.2 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Other provisions of the articles (2)
- Accounting effect: 01-01-2026
- Other statement: 01-01-2026
Structure & network
Acquisitions and mergers
1 transactionDemerger with:LEASEPLAN FLEET MANAGEMENT
Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 23-09-2026 ↗
- Ayvens SA 11,532 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 23-09-2026 Capital increase of 109,909.74 EUR · to 86,269,528.74 EUR · 11,532 new shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 21,622 EUR awarded · 21,621 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 5,201 EUR | 5,201 EUR |
| 2024 | 1 | 5,611 EUR | 7,131 EUR |
| 2023 | 1 | 7,288 EUR | 5,774 EUR |
| 2022 | 1 | 3,522 EUR | 3,515 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Schadevergoeding van de overheid
Recognitions · licences · registrations
Legal Entity Identifier
549300U4O8B2TGA2EH40
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Of 1,443 companies in sector 77110 we hold annual accounts for 727. 6 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1946
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 59 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.