EF
ActiveThe computed 12-month bankruptcy probability of EF is 2.7% (moderate). The 2024 annual accounts show negative equity (€-114k) and a net result of €36k. Equity is shrinking by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 7% of 18938 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
16
/ 100
Critical▲ +9 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency33=
Growth58=
Stability100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.24 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-185.8%
Return on assets
59.2%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 18938 sector peers (2024).
NBB · sector comparisonPosition among 18938 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
2 d early
2022
31 d late
2021
17 d early
2020
75 d late
2019
72 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-114k▲ 24.2%
2023 · €-151k
2018: €-45k
2019: €-60k
2020: €-54k
2021: €-78k
2022: €-110k
2023: €-151k
2018 → 2024
Total assets
€62k▲ 19.2%
2023 · €52k
2018: €21k
2019: €23k
2020: €42k
2021: €37k
2022: €45k
2023: €52k
2018 → 2024
Net result
€36k
2023 · €-41k
2018: €-48k
2019: €-15k
2020: €7k
2021: €-25k
2022: €-32k
2023: €-41k
2018 → 2024
Working capital
€-116k▲ 24.6%
2023 · €-154k
2018: €-56k
2019: €-69k
2020: €-61k
2021: €-84k
2022: €-115k
2023: €-154k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-54k-€-78k▼ 45.9%€-110k▼ 40.4%€-151k▼ 37.4%€-114k▲ 24.2%
Operating result€7k-€-23k€-30k▼ 25.7%€-38k▼ 28.4%€39k
Net result€7k-€-25k€-32k▼ 28.5%€-41k▼ 30.0%€36k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €39k after a loss of €38k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€2k▼ 45.7%
Current assets
€60k▲ 23.5%
Key figures and ratios
EBITDA
€41k▲
2023 · €-36k
Cash flow
€38k▲
2023 · €-40k
Solvency
-185.8%▲
2023 · -292.1%
Current ratio
0.34▲
2023 · 0.24
Quick ratio
0.32▲
2023 · 0.22
Debt / equity
-1.54▼
2023 · -1.34
ROE
-31.9%▼
2023 · 27.2%
ROA
59.2%▲
2023 · -79.6%
Interest coverage
15.00▲
2023 · -11.21
Debt
€176k▼
2023 · €203k
Debt ≤ 1 year
€176k▼
2023 · €203k
Staff costs
€97k▼
2023 · €124k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€52k€62k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€1k€507▼
Current assets29/58€48k€60k▲
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€21k€25k▲
Trade receivables40€21k€25k▲
Other amounts receivable41€133-
Cash at bank and in hand54/58€25k€32k▲
Equity and liabilities
Total equity and liabilities10/49€52k€62k▲
Equity10/15€-151k€-114k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-171k€-135k▲
Amounts payable17/49€203k€176k▼
Amounts payable within one year42/48€203k€176k▼
Trade debts44€27k€39k▲
Suppliers440/4€27k€39k▲
Taxes, remuneration and social security45€24k€47k▲
Taxes450/3€7k€14k▲
Remuneration and social security454/9€17k€33k▲
Other amounts payable47/48€151k€90k▼
Income statement
Code20232024
Non-recurring operating income76A-€52k
Remuneration, social security and pensions62€124k€97k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€92k€142k▲
Operating profit (loss)9901€-38k€39k▲
Financial income75/76B€15€4▼
Recurring financial income75€15€4▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-41k€36k▲
Profit (loss) for the period9904€-41k€36k▲
Profit (loss) for the period to be appropriated9905€-41k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-171k€-135k▲
Profit (loss) brought forward from the previous period14P€-130k€-171k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €36k
Net result €36k after 3 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Anneessensstraat 3-52018 AntwerpenGround area
575 m²
Building footprint
574 m²
Volume, LiDAR
12,132 m³
Parcel 11808H1250/00D000, Flanders · tallest building 26.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
EF
since 20162.250.290.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1250/00D000 | Flanders | 575 m² | 1 · 574 m² | 26.4 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.250.290.924
Similar companies · same sector, comparable size
VIA AURELIA
BE 0465.089.759
Charleroi · Eq €3k
CGMD CONCEPT
BE 0792.742.002
Chaudfontaine · Eq €3k
HPB NAMUR
BE 0743.930.612
Antwerpen · Eq €3k
AXL
BE 0477.208.128
Charleroi · Eq €3k
LA BODEGA DE JAVIER
BE 0812.099.440
Blégny · Eq €3k
Of 21,633 companies in sector 56112 we hold annual accounts for 9,660. 3,685 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2016
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.