AXI

What AXI does

AXI is a Belgian-headquartered IT services and software company operating across the Benelux region with 400+ employees and offices in Belgium (Mechelen, Willebroek, Diepenbeek, Zaventem, Ghent, plus new Wallonia presence) and the Netherlands (Breda). Founded in 1985, the company restructured in October 2023 into two operating entities: AXI Software, which develops proprietary products including AXI Retail (omnichannel ERP used by Colruyt, De Bijenkorf, Plus), AXI Financials, AXI Adaptive Case Management (used by Dutch Council of State and Belgian federal agencies), and AXI e-Voting; and AXI Digital, which delivers hybrid cloud, digital workplace (Microsoft 365), networking and security, managed connectivity, and data/AI services to enterprise and SME customers across healthcare, government, retail, and industry verticals.

The business operates a hybrid revenue model combining recurring managed services contracts, subscription-based software licensing (KMO Packs for SMEs), project-based professional services for digital transformation deployments, and resale of partner technologies (Microsoft, HPE/Aruba, Dell, Sophos, Proximus). AXI serves 1,000+ customers with combined FY2023 revenue of €102M (€41M Software / €61M Digital) and €12.4M EBITDA. The company holds Microsoft Solutions Partner designations (Modern Work, Azure Digital & App Innovation), Dell Technologies Gold Partner, Sophos Gold Partner, ISO 27001, and ISAE 3402 Type II certifications, and operates the Netleaf-powered 24/7 Security Operations Center. Distribution is primarily direct enterprise sales supplemented by an SME-focused webshop and channel partnerships with Proximus (via A&M subsidiary).

Following the October 2022 majority investment from Strada Partners, AXI has executed an aggressive buy-and-build strategy, completing twelve acquisitions through 2025 to add capabilities in cybersecurity (Netleaf, Core ICT), data/AI (OQuila, Spikes), telecom (A&M), SME services (ITP Group, InterIT, 2Serve ICT, Teamtel, Willux, Megabyte Infrastructure), and Belgian IT services (Tilroy, Datalink). Bart Verhelst succeeded founder Paul Peeters as CEO in January 2025; Peeters transitioned to Chairman. The company opened a new Mechelen headquarters in 2025 to consolidate operations and support continued growth.

Name

AXI

Legal name

AXI NV

Website

https://axi.be

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

251–500 employees

Short description

AXI is a Belgian IT services and software company (400+ employees) serving 1,000+ enterprise and SME customers across the Benelux region with hybrid cloud, digital workplace, cybersecurity, managed connectivity, and proprietary ERP and case management software for healthcare, government, and retail sectors.

Ownership category

akta.pro rank

Product category

IT Services and Enterprise Software

NAICS

Computer Systems Design Services (541512), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Computer Integrated Systems Design (7373), Services-Telephone Interconnect Systems (7385), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM)

akta.pro secondary industry

Edge AI Hardware & NPUs (SoCs, modules, accelerators) (HDAAAJAC)

Keywords

• Hybrid cloud services
• Managed IT services
• Digital workplace solutions
• Cybersecurity monitoring
• Enterprise software products

Headquarters

HQ city

Willebroek

HQ country

Belgium

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. IT Infrastructure Solutions & Managed Services: AXI Digital provides total IT infrastructure solutions and managed services for SMEs to enterprise organizations, including hybrid cloud, digital workplace, connectivity, and network & security services. Revenue is generated through service contracts and project-based engagements.
2. Software Products: AXI Software develops and manages innovative software solutions including AXI Retail (omnichannel retail ERP platform), AXI Financials (financial ERP platform and purchase to pay), AXI Adaptive Case Management (case management software for government), and AXI e-Voting (digital voting solutions).
3. Professional Services & Consulting: Implementation, migration, and consulting services for digital transformation projects including cloud migration, security implementations, and workplace modernization.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

AXI is a Belgian IT services group operating two divisions. AXI Software develops proprietary software products including AXI Retail (omnichannel retail ERP), AXI Financials (financial ERP and purchase-to-pay), AXI Adaptive Case Management (government case management), and AXI e-Voting. AXI Digital provides IT infrastructure solutions and managed services spanning hybrid cloud, digital workplace (Microsoft 365), networking and security (including a 24/7 SOC powered by Netleaf), managed connectivity and voice (via A&M), and data, AI and modern apps (via OQuila).

Product overview

AXI is a Belgian IT services company (AXI Group) operating as both a software product company and IT services provider. The group is structured into two main entities: AXI Software develops proprietary software solutions including AXI Retail (omnichannel retail ERP for Colruyt, De Bijenkorf, Plus), AXI Financials (financial ERP), AXI Adaptive Case Management (government permit/subsidy management for Dutch Council of State, Belgian government agencies), and AXI e-Voting. AXI Digital provides IT infrastructure and managed services comprising Hybrid Cloud, Digital Workplace (Microsoft 365), Networking & Security, Security Operations Center (SOC via Netleaf subsidiary), Managed Connectivity & Voice (via A&M subsidiary), and Data, AI & Modern Apps (via OQuila subsidiary). Additional offerings include KMO Packs for SMEs, B2B Webshop, and Aruba ClearPass network access control. The company has made multiple acquisitions including Netleaf (cybersecurity), A&M (telecom), OQuila (data/AI), Spikes (Microsoft Cloud), and ITP Group (SME services).

Differentiator

Problem solved

Functional benefit

Products and services

• AXI Retail Omnichannel retail ERP platform powering major brands including Colruyt, De Bijenkorf, NS, Intergamma, and Plus supermarkets.
• AXI Financials Financial ERP platform including AXI Purchase to Pay solution for comprehensive financial management and procurement.
• AXI Adaptive Case Management Case management software for government organizations handling permits, subsidies, and similar files. Customers include Dutch Council of State, Belgian Federal Public Services of Justice and Finance, and NMBS/SNCB.
• AXI e-Voting Digital solution for voting and elections developed by the AXI Digital Transformation team.
• Hybrid Cloud Services Combines private and public cloud with on-premise solutions, providing flexible architecture and full management for cost-conscious, scalable, and secure IT environments.
• Digital Workplace Creates efficient, secure, and collaborative digital workplaces by implementing and optimizing Microsoft 365 solutions to boost productivity and connectivity.
• Networking & Security Designs, implements, and manages secure, scalable, and efficient networks (wired and wireless) providing optimal connectivity and productivity, including firewalls, network access control, multi-factor authentication, and endpoint security.
• Security Operations Center (SOC) Netleaf-powered SOC protecting organizations against cyber threats with continuous detection, analysis, and response. Includes Honeypot Detect, Endpoint DR, Identity DR, Email DR, Vulnerability Detect, Fully Managed DR, and Brand DR modules.
• Managed Connectivity & Voice A&M-powered telecom services including MPLS-based networks, Optical Networking Services, VoIP interconnect, national transit, device services, and Digital Workplace as a Service.
• Data, AI & Modern Apps OQuila-powered services including Data & Analytics, Azure PaaS Integrations, and Modern Application Development built on Microsoft Fabric and Azure technologies.
• KMO Packs (Flow, Dive, Fuse, Wave) Four pre-packaged IT service bundles for the SME market combining cloud, hybrid, and communications services focused on scalability, customization, security, and 24/7 support on annual subscription.

Quantifiable outcome

• AXI Software generates €41 million revenue with €3.9 million EBITDA; AXI Digital generates €61 million revenue with €8.5 million EBITDA.
• +2 more outcomes

Named customers21 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability11 records

Feature4 records

Partnerships

25 partnerships are on record, tiered core, major, minor and acquisition.

• MicrosoftcoreTechnology or IntegrationMicrosoft is a key technology partner for AXI. AXI has achieved Microsoft Solutions Partner designations for Modern Work and Azure Digital & App Innovation. AXI implements Microsoft 365, Azure, and related technologies across customer deployments. AXI also develops solutions on Microsoft platforms including Power Platform.
• HPE (Hewlett Packard Enterprise)coreTechnology or IntegrationHPE is a key technology partner providing servers, storage solutions, and Aruba networking equipment. AXI is a Dell Technologies Gold Partner implementing HPE infrastructure solutions including HPE Synergy, HPE 3PAR, HPE Nimble, and HPE Aruba networks.
• Dell TechnologiescoreTechnology or IntegrationDell Technologies is a key partner with AXI recognized as Gold Partner of the Year and Business Development Partner of the Year. AXI implements Dell server, storage, and infrastructure solutions.
• ProximuscoreTechnology or IntegrationProximus is a key connectivity and telecom partner through A&M, powered by AXI. A&M is an award-winning Proximus Business Partner winning Best Quality Partner (2020), Best Mobile Partner (2022, 2023, 2024), and Mobile Servicing Partner of the Year (2023). A&M works exclusively with Proximus.
• Aruba Networks (HPE)coreTechnology or IntegrationAruba Networks, a Hewlett Packard Enterprise company, provides wireless networking and network access control solutions. AXI implements Aruba wireless access points, Aruba ClearPass for network access control, and Aruba AirWave for network management.
• SophoscoreTechnology or IntegrationSophos is a security technology partner with AXI holding Sophos Gold Partner status and Sophos Central Endpoint and Server Partner recognition. AXI provides Sophos endpoint and network security solutions.
• OraclemajorTechnology or IntegrationOracle is listed as a key technology partner for AXI, providing database and enterprise software solutions.
• IBMmajorTechnology or IntegrationIBM is listed as a key technology partner for AXI.
• LenovomajorTechnology or IntegrationLenovo is listed as a key technology partner for AXI for hardware solutions.
• KoopkoepelmajorChannel Partner/ Reseller/ DistributorKoopkoepel provides framework agreements for public procurement including the 'Samenaankoop' framework. AXI completed projects under this framework agreement such as with Medisch Centrum St.-Jozef.
• Fontys Hogeschool voor ICTminorStrategic or Co-development PartnerLong-term partnership where AXI actively participates in activities for Fontys ICT students including offering internships, guest lectures, exam judging, and project guidance. Fontys helps position AXI as a partner among students and facilitates student flow to AXI positions.
• VITO (Vlaamse Instelling voor Technologisch Onderzoek)majorChannel Partner/ Reseller/ DistributorVITO awarded AXI 4 of 5 lots in the ICT Infrastructure 2023 framework contract for purchase, rental, or leasing of IT infrastructure and services for the Belgian public sector.
• WilluxacquisitionOthersAcquisition of Willux as part of AXI's expansion into Wallonia and strengthening SME offerings.
• Megabyte InfrastructureacquisitionOthersAcquisition of Megabyte Infrastructure as part of AXI's expansion into Wallonia and strengthening of managed services and IT infrastructure expertise.
• TeamtelacquisitionOthersAcquisition of Teamtel from Zaventem strengthening AXI's position in the SME market in Brussels and Flemish Brabant and expanding expertise in ICT managed services and cloud telephony.
• OQuilaacquisitionOthersAcquisition of OQuila, a Ghent-based Microsoft technology specialist, strengthening AXI's expertise in data and AI with smart data applications for medium and large organizations.
• NetleafacquisitionOthersAcquisition of Netleaf, a cybersecurity specialist, as part of Syntory Group. Netleaf provides the Security Operations Center (SOC) services powered by AXI for 24/7 cybersecurity monitoring.
• Core ICTacquisitionOthersAcquisition of Core ICT, an IT infrastructure expert, as part of Syntory Group.
• DatalinkacquisitionOthersAcquisition of Datalink, an IT specialist from Diepenbeek, expanding AXI Group's market share in the Belgian IT sector.
• SpikesacquisitionOthersAcquisition of Spikes which forms AXI's best-in-platform Microsoft Cloud competence center with offerings complementing AXI's existing services including expertise in data and gen AI integration.
• A&MacquisitionOthersAcquisition of A&M, a telecom service provider and top B2B telecom partner for large organizations in Belgium, working exclusively with Proximus. Strengthens AXI's position as IT integrator with specialized telecom services.
• 2Serve ICTacquisitionOthersAcquisition of 2Serve ICT under ITP Group, AXI's SME division, strengthening the SME offering.
• InterITacquisitionOthersAcquisition of InterIT, an IT services company, as part of AXI's expansion strategy.
• ITP GroupacquisitionOthersAcquisition of ITP Group, an IT services company, as part of AXI's SME-focused expansion.
• TilroyacquisitionOthersPrior acquisition of Tilroy as part of AXI's software and services portfolio expansion.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Sopra Steria: Large European IT services and consulting group with significant Benelux presence, offering digital transformation, cloud, and managed services. Comparable in public-sector and regulated-industry focus (European government/healthcare) but operates at much larger scale.
• Devoteam: European IT consulting firm specializing in cloud platforms (notably Microsoft Azure, Google Cloud) and digital transformation. Comparable in Microsoft-centric service delivery and AI/data practices, but operates across more European geographies.
• Orange Cyberdefense: European cybersecurity services provider and SOC operator with strong Benelux presence. Directly comparable to AXI's Netleaf-powered SOC and managed security offerings, but operates as part of the broader Orange telecommunications group.
• Capgemini: Global IT services and consulting leader with significant Benelux operations serving enterprise and public-sector clients. Comparable in hybrid cloud, digital workplace, and managed services offerings, but operates at vastly larger scale with global delivery.

Direct peers

• RealDolmen: Belgian IT services and solutions company (now part of Gfi/Odalys group) offering cloud, infrastructure, and digital workplace services. Direct Benelux competitor with similar Microsoft-aligned delivery and enterprise/government customer mix.
• Cegeka: Belgian/Dutch-headquartered IT services and solutions provider offering managed services, cloud, cybersecurity, and software products across Benelux. Directly comparable to AXI in geography, customer base (mid-market to enterprise), and Microsoft-centric delivery model.
• Conclusion: Dutch IT services group with multiple specialized business units offering managed services, cloud, and business solutions. Directly comparable in size (large Dutch IT services platform), geography (Benelux), and acquisition-driven growth model.
• Econocom: Benelux/French-headquartered digital services company providing managed IT services, financing, and technology solutions to enterprises. Comparable in scope (managed services, hybrid cloud, digital workplace) and in serving Belgium-based enterprise and public-sector customers.

Others

• Proximus: Belgium's incumbent telecom operator and AXI's most important connectivity/voice partner through the A&M relationship. Comparable as a managed connectivity and voice services provider to Belgian enterprises and a key enabler of AXI's telecom service line.

Regional players

• Ordina: Dutch IT services and consulting firm (now part of Sopra Steria) with focus on Benelux enterprise and public-sector customers. Comparable in size and Dutch market presence to AXI's Netherlands operations, with similar Microsoft/cloud and managed services offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AXI_be_nl
• Facebookfacebook.com/axinews

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries17 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AXI