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AXA - GLASS

Active
Private limited companyfounded 199333 yrs activeAllemansbos 36, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 0449.876.694
Summary

AXA - GLASS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.64M and a net result of €1.55M. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability78▲+10
Solvency100=
Growth56▼-2
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 6.07 against 6.0 in 2024; short-term debt: 15.6% and cash: 23.5% of total assets), and 15.6% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
84.4%
Return on assets
19.7%
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
102 d early
2024
69 d early
2023
93 d early
2022
13 d early
2021
2 d early
2020
4 d early
2019
87 d late
← 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€24.56M▼ 10.4%
2024 · €27.40M
2022: €29.75M 2023: €30.88M▲ +3.8% vs 2022highest in 4 years 2024: €27.40M▼ -11.3% vs 2023 2025: €24.56M▼ -10.4% vs 2024lowest in 4 years
2022 → 2025
EBIT margin
7.0%▲ 4.1pp
2024 · 2.9%
2022: -0.9%lowest in 4 years 2023: 6.3%▲ +778% vs 2022 2024: 2.9%▼ -54.2% vs 2023 2025: 7.0%▲ +140% vs 2024highest in 4 years
2022 → 2025
Net result
€1.55M▲ 81.6%
2024 · €851k
2018: €263klowest in 8 years 2019: €441k▲ +67.8% vs 2018 2020: €1.11M▲ +153% vs 2019 2021: €699k▼ -37.3% vs 2020 2022: €642k▼ -8.2% vs 2021 2023: €1.81M▲ +182% vs 2022highest in 8 years 2024: €851k▼ -52.9% vs 2023 2025: €1.55M▲ +81.6% vs 2024
2018 → 2025
Working capital
€6.23M▲ 26.4%
2024 · €4.93M
2018: €1.15Mlowest in 8 years 2019: €1.37M▲ +19.7% vs 2018 2020: €2.50M▲ +82.3% vs 2019 2021: €2.70M▲ +8.0% vs 2020 2022: €3.27M▲ +20.9% vs 2021 2023: €4.07M▲ +24.4% vs 2022 2024: €4.93M▲ +21.1% vs 2023 2025: €6.23M▲ +26.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€29.75M€30.88M▲ 3.8%€27.40M▼ 11.3%€24.56M▼ 10.4% 2022: €29.75M 2023: €30.88M▲ +3.8% vs 2022highest in 4 years 2024: €27.40M▼ -11.3% vs 2023 2025: €24.56M▼ -10.4% vs 2024lowest in 4 years
Equity€3.24M-€3.68M▲ 13.6%€4.49M▲ 22.0%€5.34M▲ 19.0%€6.64M▲ 24.3% 2021: €3.24Mlowest in 5 years 2022: €3.68M▲ +13.6% vs 2021 2023: €4.49M▲ +22.0% vs 2022 2024: €5.34M▲ +19.0% vs 2023 2025: €6.64M▲ +24.3% vs 2024highest in 5 years
Operating result€811k-€-278k€1.95M€794k▼ 59.4%€1.71M▲ 115% 2021: €811k 2022: €-278k▼ -134% vs 2021lowest in 5 years 2023: €1.95M▲ +804% vs 2022highest in 5 years 2024: €794k▼ -59.4% vs 2023 2025: €1.71M▲ +115% vs 2024
Net result€699k-€642k▼ 8.2%€1.81M▲ 182%€851k▼ 52.9%€1.55M▲ 81.6% 2021: €699k 2022: €642k▼ -8.2% vs 2021lowest in 5 years 2023: €1.81M▲ +182% vs 2022highest in 5 years 2024: €851k▼ -52.9% vs 2023 2025: €1.55M▲ +81.6% vs 2024
Result per fiscal year
Operating resultNet result
€-1.00M€0€1.00M€2.00MOperating result 2021: €811k€811kNet result 2021: €699k€699kOperating result 2022: €-278k€-278kNet result 2022: €642k€642kOperating result 2023: €1.95M€1.95MNet result 2023: €1.81M€1.81MOperating result 2024: €794k€794kNet result 2024: €851k€851kOperating result 2025: €1.71M€1.71MNet result 2025: €1.55M€1.55M20212022202320242025€0€500k€1M€1.5M€2MOperating result 2023: €1.95M€2MNet result 2023: €1.81M€1.8MOperating result 2024: €794k€794kNet result 2024: €851k€851kOperating result 2025: €1.71M€1.7MNet result 2025: €1.55M€1.5M202320242025
The operating result recovers in 2025; 2025 is 115% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.86M
Fixed assets €407k ▼ 1.4%
Current assets €7.46M ▲ 26.1%
Equity and liabilities €7.86M
Equity €6.64M ▲ 24.3%
Debt €1.23M ▲ 24.7%
Debt's share of the balance-sheet total stays at 15.6%.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.72M▲
2024 · €800k
Cash flow
€1.55M▲
2024 · €857k
Current ratio
6.07▲
2024 · 6.00
Quick ratio
5.33▲
2024 · 4.92
Debt to equity
0.18▲
2024 · 0.18
ROE
23.3%▲
2024 · 15.9%
ROA
19.7%▲
2024 · 13.5%
Interest coverage
975.69▲
2024 · 109.22
Debt ≤ 1 year
€1.23M▲
2024 · €984k
Income taxes
€503k▲
2024 · €291k
Staff costs
€527k▲
2024 · €467k
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 · 72 lines
Balance sheet Code20242025
Assets
Total assets20/58€6.32M€7.86M▲
Fixed assets21/28€413k€407k▼
Tangible fixed assets22/27€20k€14k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€392k€392k=
Affiliated companies280/1€392k€392k=
Participating interests280€392k€392k=
Current assets29/58€5.91M€7.46M▲
Stocks and contracts in progress3€1.07M€916k▼
Stocks30/36€1.07M€916k▼
Goods purchased for resale34€1.07M€916k▼
Amounts receivable within one year40/41€2.85M€3.68M▲
Trade receivables40€2.74M€3.67M▲
Other amounts receivable41€110k€11k▼
Current investments50/53-€1.00M
Other investments51/53-€1.00M
Cash at bank and in hand54/58€1.88M€1.85M▼
Deferred charges and accrued income490/1€107k€12k▼
Equity and liabilities
Total equity and liabilities10/49€6.32M€7.86M▲
Equity10/15€5.34M€6.64M▲
Contributions10/11€19k€19k=
Reserves13€5.32M€6.62M▲
Tax-exempt reserves132€431k€842k▲
Distributable reserves133€4.89M€5.78M▲
Amounts payable17/49€984k€1.23M▲
Amounts payable within one year42/48€984k€1.23M▲
Current portion of amounts payable after more than one year42€68k€0▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€673k€930k▲
Suppliers440/4€673k€930k▲
Taxes, remuneration and social security45€244k€297k▲
Taxes450/3€196k€253k▲
Remuneration and social security454/9€47k€44k▼
Other amounts payable47/48€0-
Income statement Code20242025
Operating income70/76A€27.42M€24.58M▼
Turnover70€27.40M€24.56M▼
Other operating income74€25k€25k▲
Operating charges60/66A€26.63M€22.87M▼
Goods for resale, raw materials and consumables60€24.46M€21.07M▼
Purchases600/8€24.17M€20.92M▼
Change in stocks: decrease (increase)609€291k€155k▼
Services and other goods61€1.63M€1.66M▲
Remuneration, social security and pensions62€467k€527k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€53k€-601k▼
Other operating charges640/8€10k€662▼
Non-recurring operating charges66A-€200k
Operating profit (loss)9901€794k€1.71M▲
Financial income75/76B€356k€346k▼
Recurring financial income75€356k€346k▼
Income from current assets751€9k€21k▲
Other financial income752/9€347k€326k▼
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Debt charges650€7k€2k▼
Other financial charges652/9€1k€4k▲
Profit (loss) for the period before taxes9903€1.14M€2.05M▲
Income taxes67/77€291k€503k▲
Taxes670/3€291k€503k▲
Profit (loss) for the period9904€851k€1.55M▲
Transfer to tax-exempt reserves689€431k€411k▼
Profit (loss) for the period to be appropriated9905€421k€1.13M▲
Appropriation of the result
Profit (loss) to be appropriated9906€421k€1.13M▲
Transfer from equity791/2-€411k
From reserves792-€411k
Transfer to equity691/2€421k€1.30M▲
To other reserves6921€421k€1.30M▲
Profit to be distributed694/7€0€250k▲
Return on contributions (dividend)694€0€250k▲
Social balance
Average headcount (FTE)90874.85.2▲

The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A-€29.93M€30.92M€27.42M€24.58M▼ 10.4%
Turnover70-€29.75M€30.88M€27.40M€24.56M▼ 10.4%
Other operating income74-€180k€36k€25k€25k▲ 0.5%
Non-recurring operating income76A-€0----
Operating charges60/66A-€30.21M€28.96M€26.63M€22.87M▼ 14.1%
Goods for resale, raw materials and consumables60-€27.09M€26.42M€24.46M€21.07M▼ 13.9%
Purchases600/8-€27.11M€26.95M€24.17M€20.92M▼ 13.5%
Change in stocks: decrease (increase)609-€-15k€-522k€291k€155k▼ 46.7%
Services and other goods61-€1.52M€2.33M€1.63M€1.66M▲ 2.3%
Remuneration, social security and pensions62€407k€454k€488k€467k€527k▲ 13.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k€4k€6k€6k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.05M€-287k€53k€-601k▼ 1,230%
Other operating charges640/8€4k€84k€4k€10k€662▼ 93.6%
Non-recurring operating charges66A€5k€4k€0-€200k-
Gross operating margin9900€1.23M-----
Operating profit (loss)9901€811k€-278k€1.95M€794k€1.71M▲ 115%
Financial income75/76B€320k€1.18M€596k€356k€346k▼ 2.9%
Recurring financial income75€280k€1.18M€596k€356k€346k▼ 2.9%
Income from current assets751-€0€3€9k€21k▲ 124%
Other financial income752/9-€1.18M€596k€347k€326k▼ 6.2%
Non-recurring financial income76B€40k-----
Financial charges65/66B€6k€24k€13k€9k€6k▼ 32.3%
Recurring financial charges65€6k€24k€13k€9k€6k▼ 32.3%
Debt charges650-€2k€8k€7k€2k▼ 76.0%
Other financial charges652/9-€22k€4k€1k€4k▲ 230%
Profit (loss) for the period before taxes9903€1.13M€874k€2.54M€1.14M€2.05M▲ 79.4%
Income taxes67/77€426k€232k€730k€291k€503k▲ 73.1%
Taxes670/3-€232k€730k€291k€503k▲ 73.1%
Profit (loss) for the period9904€699k€642k€1.81M€851k€1.55M▲ 81.6%
Transfer to tax-exempt reserves689---€431k€411k▼ 4.4%
Profit (loss) for the period to be appropriated9905€699k€642k€1.81M€421k€1.13M▲ 170%
Line20212022202320242025Change
Assets
Total assets20/58€6.87M€7.64M€7.21M€6.32M€7.86M▲ 24.3%
Fixed assets21/28€534k€410k€419k€413k€407k▼ 1.4%
Tangible fixed assets22/27€19k€17k€26k€20k€14k▼ 29.1%
Plant, machinery and equipment23€4k€3k€10k€8k€5k▼ 33.7%
Furniture and vehicles24€15k€14k€16k€13k€9k▼ 26.4%
Financial fixed assets28€515k€392k€392k€392k€392k=
Affiliated companies280/1-€392k€392k€392k€392k=
Participating interests280-€392k€392k€392k€392k=
Other financial fixed assets284/8-€0----
Amounts receivable and cash guarantees285/8-€0----
Current assets29/58€6.34M€7.23M€6.79M€5.91M€7.46M▲ 26.1%
Stocks and contracts in progress3€825k€840k€1.36M€1.07M€916k▼ 14.5%
Stocks30/36€825k€840k€1.36M€1.07M€916k▼ 14.5%
Goods purchased for resale34-€840k€1.36M€1.07M€916k▼ 14.5%
Amounts receivable within one year40/41€5.48M€6.38M€4.24M€2.85M€3.68M▲ 29.0%
Trade receivables40€5.24M€6.37M€4.22M€2.74M€3.67M▲ 33.8%
Other amounts receivable41€233k€12k€24k€110k€11k▼ 89.7%
Current investments50/53----€1.00M-
Other investments51/53----€1.00M-
Cash at bank and in hand54/58€33k€3k€1.18M€1.88M€1.85M▼ 1.7%
Deferred charges and accrued income490/1--€9k€107k€12k▼ 89.0%
Equity and liabilities
Total equity and liabilities10/49€6.87M€7.64M€7.21M€6.32M€7.86M▲ 24.3%
Equity10/15€3.24M€3.68M€4.49M€5.34M€6.64M▲ 24.3%
Contributions10/11€19k€19k€19k€19k€19k=
Reserves13€1.52M€3.66M€4.47M€5.32M€6.62M▲ 24.4%
Non-distributable reserves130/1€2k€2k€0---
Reserves not available under the articles1311€2k€2k€0---
Tax-exempt reserves132---€431k€842k▲ 95.6%
Distributable reserves133€1.52M€3.66M€4.47M€4.89M€5.78M▲ 18.1%
Profit (loss) carried forward14€1.70M€0----
Amounts payable17/49€3.63M€3.95M€2.72M€984k€1.23M▲ 24.7%
Amounts payable within one year42/48€3.63M€3.95M€2.72M€984k€1.23M▲ 24.7%
Current portion of amounts payable after more than one year42€120k€147k€170k€68k€0▼ 100%
Financial debts43€2k€202k€236€0--
Credit institutions430/8€2k€202k€236€0--
Trade debts44€2.99M€2.70M€1.21M€673k€930k▲ 38.2%
Suppliers440/4€2.99M€2.70M€1.21M€673k€930k▲ 38.2%
Taxes, remuneration and social security45€320k€510k€343k€244k€297k▲ 21.9%
Taxes450/3€278k€466k€308k€196k€253k▲ 29.0%
Remuneration and social security454/9€42k€43k€35k€47k€44k▼ 7.3%
Other amounts payable47/48€200k€400k€1.00M€0--
Line20212022202320242025Change
Profit (loss) for the period9904€699k€642k€1.81M€851k€1.55M▲ 81.6%
+ Depreciation and write-downs630€2k€3k€4k€6k€6k=
Operating cash flow (approximation)€701k€645k€1.81M€857k€1.55M▲ 81.0%
Investment in fixed assets (approximation)-€121k€-13k€0€0-
Change in cash-€-30k€1.17M€708k€-33k▼ 105%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
State Gazette act Resignations: Mont Boss (director) and MM Collections (director)
Reappointment: MvS-Pack (director) · Appointments: Jean-Christophe GAASCH, Peter BÖRNER and MvS-Pack · Director discharge15 facts ▸
  • General meeting, 17-07-2026
  • Director resignation, Mont Boss (director)
  • Director resignation, MM Collections (director)
  • Director discharge, Mont Boss
  • Director discharge, MM Collections
  • Director discharge, MvS-Pack
  • Director discharge, Jean-Christophe GAASCH
  • Director discharge, Peter BÖRNER
  • Director reappointment, MvS-Pack (director)
  • Director appointment, Jean-Christophe GAASCH (director)
  • Director appointment, Peter BÖRNER (director)
  • Power of attorney, De Groote - De Man BV
  • +3 further facts in this act
20-04
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
23-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Liquidity doublescurrent ratio 6.00
Current ratio from 2.50 to 6.00; short-term debt falls from €2.72M to €984k.
31-12
Financial Equity above €5MEq €5.34M ▲19%
7 profitable years in a row build equity to €5.34M.
29-04
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €1.81M ▲182%
Operating result €1.95M, net result €1.81M, both a record.
18-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Equity above €2MEq €2.74M ▲50.1%
3 profitable years in a row build equity to €2.74M.
26-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
Show earlier events
2019
30-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
under verification, last change in 2026
This board is reconstructed from a single act (26109874). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Börner Peter Jozef
Director · since 17-07-2026
Current
Jean-Christophe GAASCH
Director · since 17-07-2026
Current
MvS-Pack
Director · since 17-07-2026 · Private limited company
Current
17-07-2026 Börner Peter Jozef: Appointed as Director
17-07-2026 Jean-Christophe GAASCH: Appointed as Director
17-07-2026 MvS-Pack: Mandate renewed as Director
17-07-2026 MvS-Pack: Appointed as Managing director
17-07-2026 MM Collections: Resigned as Director
Full history in the Timeline (6 changes) →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
715 m²
Building footprint
219 m²
Volume, LiDAR
1,317 m³
Parcel 41016A0782/00N000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Allemansbos 36, 9420 Erpe-Mere
NACE 51475
since 19932.061.936.918
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41016A0782/00N000 Flanders 715 m² 1 · 219 m² 9.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Connections & network

4 connected companies

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 4,500 EUR awarded · 4,500 EUR paid
Year Entries awardedpaid
2025 1 4,500 EUR4,500 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
1 entry · 4,500 EUR · 4,500 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Erpe-Mere2.061.936.918
1 permission
Trader · since 19-11-2014

Legal Entity Identifier

5493002U1CW4K1Z77J94
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 61 companies in sector 46441 we hold annual accounts for 40. 9 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46441Wholesale trade
46494Wholesale of non-electrical household articles
46900Non-specialised wholesale trade

Scores and ratios are computed by Checked and are not a credit decision.