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AXUS

Active
Public limited companyfounded 1946active for 80 yearsBourgetlaan 42, 1932 Zaventem, BelgiumKBO/BCE: BE 0403.429.730
Summary

AXUS has been active since 1946 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €682.0m and a net result of €72.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 529 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Activity
Renting and leasing of cars and light motor vehicles
NACE 77110
#1 company by equity in Belgium, Rental and leasing sector6 sites
Size
€1.80bnturnover 2025
Staff
521.3 FTE
Equity
€682.0m
Profit
€72.5m
Financial health
67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Parent
AYVENS SA · 100%
Holdings
1
Accounts 53 days early3 of 55 deeds read
Why 67raises riskLiquidity: current ratio 0.30, cash €1.2m, halvedEquity €682.0m (17.7% of total assets)1 change of registered office in 24 monthslowers riskSize: turnover €1.80bn, 521.3 FTE, total assets €3.85bn, files consolidated accountsShow the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 63% of its sector peers (all companies)
Financial strength · tick = 2024
Average
Solvency 43+8
equity 17.7% of total assets
Liquidity 38+2
short-term debt 28.9% · cash 0.0%
Profitability 81-3
return on assets 1.9%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (15 companies, NACE 77, large)
Last 24 months 11-2024: 0.6%lowest value 12-2024: 0.6%● unchanged vs 11-2024lowest value 01-2025: 0.6%● unchanged vs 12-2024lowest value 02-2025: 1.2%▲ +0.6 percentage points vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.4%▲ +0.2 percentage points vs 04-2025 06-2025: 1.2%▼ -0.2 percentage points vs 05-2025 07-2025: 1.2%● unchanged vs 06-2025 08-2025: 1.2%● unchanged vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.1%▼ -0.1 percentage points vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.2%▲ +0.1 percentage points vs 03-2026 05-2026: 1.4%▲ +0.2 percentage points vs 04-2026 06-2026: 1.4%● unchanged vs 05-2026highest value 07-2026: 1.1%▼ -0.3 percentage points vs 06-2026 08-2026: 1.1%● unchanged vs 07-2026 09-2026: 1.1%● unchanged vs 08-2026 10-2026: 1.1%● unchanged vs 09-2026
Credit of up to €45,650,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.3, compared with 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.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 29% on solvency, 41% on liquidity, 85% on profitability and 97% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.30, cash €1.2m, halved
NBB · annual accounts
raises risk · Equity €682.0m (17.7% of total assets)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: turnover €1.80bn, 521.3 FTE, total assets €3.85bn, files consolidated accounts
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 529 sector peers (2025).
NBB · sector comparison
Position among 529 sector peers
Solvency
better than 23%
← 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 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €682.0m
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 filings
Deviation from the deadline
2025
53 days early
2024
77 days early
2023
47 days early
2022
61 days early
2021
52 days early
2020
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 56 days before the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · RestructuringDemerger · Capital increase ·…
  2. Resignation: Johan Portier (director)Appointment: Pieter Waegenaer (director)
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Positive: Equity rose in 2025from €172.5m to €682.0m ▲ 295% View
  • Positive: Company by equity in Belgium, Rental and leasing…in the Checked rankings #1 View
  • Positive: 7 years of growth in a rowturnover 2025: €1.80bn 7 years View
  • Caution: Board changedlatest change 31-03-2026 · 1 in office 1 joined · 1 left View
  • Restructuring with LEASEPLAN FLEET MANAGEMENTrestructuring on 13-05-2026 2026 View
  • Active since 1946founded 01-01-1946 80 years View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Known shareholderslargest: AYVENS SA 100% 100% View

By topic

Financials

Financial year
2025
Turnover
€1.80bn
Profit
€72.5m
Solvency
17.7%
Turnover▲ 69.9%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Largest shareholder
AYVENS SA · 100%
Known shareholders
100%
  • Pieter WaegenaerDirector
Go to Board & ownership

Timeline

Events
67
Since
1978
Next accounts
by 31-07-2027
  1. 02-06-2026Restructuring
  2. 31-12-2025Equity above €500m
  3. 15-05-2025Annual accounts filed
Go to Timeline

Company details

Sites
6
Legal form
Public limited company
Activity
Renting and leasing of cars and light motor…NACE 77110
Founded
01-01-1946
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
3
Purpose
De bedrijvigheid en handel in, alsook de uitbating, verhuur en leasing van al wat…
Go to Articles of association

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