Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AXUS from Zaventem, company number BE0403429730, closed financial year 2025 with a result of € 72.5 million after tax. For that financial year AXUS recorded revenue of € 1.8 billion and equity of € 682 million. Compared with financial year 2024, the result moved from € 97.6 million to € 72.5 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 682 million
▲ 295% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 72.5 million
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 193 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
521.3
▲ 226.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 60.3 million
▲ 84% vs 2024
€ 115,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.3 million
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.8 billion
▲ 100% vs 2024
€ 706 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 175.1 million
▲ 264% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 64 days on average.
€ 19.8 million
▲ 60% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 919,253,447 | € 988,967,918 | € 1,062,344,117 | € 1,804,609,703 | ▲ 70% |
| Profit after taxes | € 16,544,583 | € 59,363,433 | € 97,640,786 | € 72,519,040 | ▼ 26% |
| Equity | € 70,966,240 | € 92,679,674 | € 172,470,460 | € 681,980,415 | ▲ 295% |
| Total debts | € 1,115,572,372 | € 1,464,937,953 | € 1,549,157,107 | € 3,129,662,106 | ▲ 102% |
| Cash | € 752,207 | € 2,507,445 | € 5,804,602 | € 1,165,517 | ▼ 80% |
| Retained profit | € 23,566,240 | € 45,279,674 | € 125,070,460 | € 595,820,796 | ▲ € 470.8 million |
| Dividend | € 10,000,000 | € 37,650,000 | € 17,850,000 | € 193,040,000 | ▲ € 175.2 million |
| Bank debt | € 971,809,468 | € 1,267,430,954 | € 1,407,084,611 | € 2,818,330,343 | ▲ 100% |
| Balance sheet total | € 1,189,203,198 | € 1,558,673,362 | € 1,722,425,064 | € 3,854,155,078 | ▲ 124% |
| Employees (FTE) | 272.9 | 280.7 | 294.8 | 521.3 | ▲ 226.5 |
Key figures of AXUS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AXUS?
What happened at AXUS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PIETER WAEGENAER stepped down as director. NBB
- WERNER STEVENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 72.5 million (▼ 26% vs 2024). Source: NBB ↗
- PIETER WAEGENAER became a director. NBB
- JOHAN PORTIER stepped down as director. NBB
- WERNER STEVENS became a director. NBB
- JEROEN KRUISWEG stepped down as director. NBB
- JOHAN PORTIER became a director. NBB
In short
From € 16.5 million profit in 2022 to € 72.5 million profit in 2025.
Paid € 49.9 million in corporate taxes since 2022.
Best year ever: 2024, with € 97.6 million profit.
Paid out € 258.5 million in dividends to the owners in total.
Management
The shares are held by AYVENS SA (100%). It owns 51% of AXUS FINANCE SRL itself.
Directors
According to the 2025 annual accounts
PIETER WAEGENAER
Director
since 2026 · until 2033
JOHAN PORTIER
Director
since 2023 · until 2026
WERNER STEVENS
Director
since 2025 · until 2031
JEROEN KRUISWEG
Director
since 2023 · until 2025
Shareholders
AYVENS SA
100%
Participations
51%
Establishments
Establishment units
Physical locations of this company
Bourgetlaan 42
1932 Zaventem
Telecomlaan 9 box 6
1831 Machelen (Brab.)
Active since 5 October 1983
Z. 4 Broekooi 280
1730 Asse
Active since 1 January 1946
Industrieweg 23b
3190 Boortmeerbeek
Active since 1 October 1993
Boomsesteenweg 42
2630 Aartselaar
Active since 1 February 2018
Avenue Olympe-Gilbart 1A
4000 Liège
Active since 1 November 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.429.730
- VAT number
- BE 0403.429.730
- Registered office
- Bourgetlaan 42, 1932 Zaventem
- Names & denominations
- AXUS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1946
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Verhuur van auto's
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)