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 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AXAS MANAGEMENT & INVESTMENT from Waterloo, company number BE0438157413, closed financial year 2025 with a result of € 298,985 after tax. For that financial year AXAS MANAGEMENT & INVESTMENT recorded revenue of € 231,584 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 333,835 to € 298,985. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 1.6 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 298,985
▼ 10% vs 2024
Profit after tax over the fiscal year.
€ 513,136
▲ 177% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.5 million.
People and assets in 2025
€ 26
▼ 99% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 23,277
▲ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 777,375
▼ 10% vs 2024
€ 85,206 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 88,811
▲ 260% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,911
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 0 | € 231,584 | |
| Gross margin | € 411,838 | € 447,990 | € 451,836 | € 352,099 | ▼ 22% |
| Profit after taxes | € 48,368 | € 69,423 | € 333,835 | € 298,985 | ▼ 10% |
| Equity | € 854,054 | € 923,478 | € 1,257,313 | € 1,556,298 | ▲ 24% |
| Total debts | € 2,468,455 | € 2,272,397 | € 1,109,964 | € 2,595,373 | ▲ 134% |
| Cash | € 118,201 | € 182,720 | € 185,032 | € 513,136 | ▲ 177% |
| Land & buildings | € 1,823,775 | € 1,751,221 | € 2,020,270 | € 1,908,718 | ▼ 6% |
| Retained profit | € 834,054 | € 903,478 | € 1,237,313 | € 1,536,298 | ▲ 24% |
| Bank debt | € 1,721,255 | € 1,426,346 | € 861,265 | € 777,375 | ▼ 10% |
| Balance sheet total | € 3,350,218 | € 3,222,594 | € 2,393,006 | € 4,186,733 | ▲ 75% |
Key figures of AXAS MANAGEMENT & INVESTMENT, 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 AXAS MANAGEMENT & INVESTMENT?
What happened at AXAS MANAGEMENT & INVESTMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 298,985 (▼ 10% vs 2024). filed late Source: NBB ↗
- Valdett Rustem KARTAL became a director. NBB
- Vanessa KARTAL became a director. NBB
- Bedri Ilhan TÛZÛN became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 48,368 profit in 2022 to € 298,985 profit in 2025.
Paid € 267,802 in corporate taxes since 2022.
Best year ever: 2024, with € 333,835 profit.
Management
Behind AXAS MANAGEMENT & INVESTMENT are Bedri Ilhan TÛZÛN, Valdett Rustem KARTAL and Vanessa KARTAL. Vanessa KARTAL is also behind ASHWELL CONTROLS, SPARES and PYRENEVEST.
Directors
According to the 2025 annual accounts
Bedri Ilhan TÛZÛN
Director
since 2009
Valdett Rustem KARTAL
Director
since 2023
since 2016
Establishments
Establishment units
Physical locations of this company
Avenue Neptune 13A
1410 Waterloo
Louizalaan 486 box 5
1050 Brussel
Active since 30 August 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.157.413
- VAT number
- BE 0438.157.413
- Registered office
- Avenue Neptune 13A, 1410 Waterloo
- Names & denominations
- AXAS MANAGEMENT & INVESTMENT · AXAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 August 1989
- Peppol
- Active · Active since 27 Dec 2025
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