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 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AXERO STAHLBAU from Eupen, company number BE0459401601, closed financial year 2025 with a result of € 37,579 after tax. For that financial year AXERO STAHLBAU recorded a gross margin of € 813,774 and equity of € 252,896. Compared with financial year 2024, the result moved from € 216,760 to € 37,579. 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 March 13, 2026.
€ 252,896
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,579
▼ 83% vs 2024
Profit after tax over the fiscal year.
€ 96,011
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 26,000 paid out
69 % of the profit went to the shareholders, mostly to Gregory Stickelmann Gmbh (50 % of the shares). That is where the money ends up.
People and assets in 2025
11.2
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 524,126
▼ 2% vs 2024
€ 46,800 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.
€ 75,386
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 821,153
▼ 20% vs 2024
€ 86,433 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 107,614
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,560
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 665,544 | € 814,241 | € 952,859 | € 813,774 | ▼ 15% |
| Profit after taxes | € 171,333 | € 182,013 | € 216,760 | € 37,579 | ▼ 83% |
| Equity | € 152,544 | € 194,556 | € 241,316 | € 252,896 | ▲ 5% |
| Total debts | € 718,239 | € 797,575 | € 1,530,165 | € 1,229,122 | ▼ 20% |
| Cash | € 242,088 | € 117,302 | € 204,457 | € 96,011 | ▼ 53% |
| Land & buildings | - | € 6,520 | € 683,778 | € 616,804 | ▼ 10% |
| Retained profit | € 86,705 | € 128,717 | € 175,477 | € 187,057 | ▲ 7% |
| Dividend | € 120,000 | € 140,000 | € 170,000 | € 26,000 | ▼ 85% |
| Bank debt | € 229,335 | € 448,046 | € 1,021,313 | € 821,153 | ▼ 20% |
| Balance sheet total | € 870,783 | € 992,131 | € 1,771,482 | € 1,482,018 | ▼ 16% |
| Employees (FTE) | 11 | 10.7 | 10.8 | 11.2 | ▲ 0.4 |
Key figures of AXERO STAHLBAU, 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 AXERO STAHLBAU?
What happened at AXERO STAHLBAU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Grégory STICKELMANN stepped down as director. NBB
- Tom STICKELMANN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 37,579 (▼ 83% vs 2024). Source: NBB ↗
- Grégory STICKELMANN became a director. NBB
- Tom STICKELMANN became a director. NBB
- New establishment in Eupen. KBO
- Start of the company according to the CBE. KBO
In short
From € 171,333 profit in 2022 to € 37,579 profit in 2025.
Paid € 98,609 in corporate taxes since 2022.
Best year ever: 2024, with € 216,760 profit.
On average € 72,700 of value added per employee in 2025.
Management
The stake of Gregory Stickelmann Gmbh, TOM STICKELMANN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AXERO STAHLBAUThe shares are held by Gregory Stickelmann Gmbh (50%) and TOM STICKELMANN (50%).
Directors
According to the 2025 annual accounts
Grégory STICKELMANN
Managing director
since 2021 · until 2027
since 2021 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriestrasse 47
4700 Eupen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.401.601
- VAT number
- BE 0459.401.601
- Registered office
- Industriestrasse 47, 4700 Eupen
- Names & denominations
- AXERO STAHLBAU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1996
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van hang- en sluitwerk
Smeden van metaal
Bouw van bruggen en tunnels
Algemene elektrotechnische installatiewerken
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Elektrische installatie
Bouw van tunnels, bruggen, viaducten en dergelijke
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