EF FAST
InactiveEF FAST was declared bankrupt on 20-12-2021 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed by liquidation by judgment of 19-12-2022, published in the Belgian State Gazette on 28-12-2022.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, abbreviated schema
Equity
€-116k
2019 · €42k
2018: €59k
2019: €42k
2018 → 2020
Total assets
€112k▼ 26.2%
2019 · €152k
2018: €94k
2019: €152k
2018 → 2020
Net result
€-157k▼ 828%
2019 · €-17k
2018: €17k
2019: €-17k
2018 → 2020
Working capital
€-130k▼ 2,452%
2019 · €-5k
2018: €17k
2019: €-5k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€59k-€42k▼ 28.9%€-116k
Operating result€28k-€-19k€-166k▼ 776%
Net result€17k-€-17k€-157k▼ 828%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €166k in 2020 against €19k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €112k
Fixed assets
€36k▼ 22.2%
Current assets
€76k▼ 28.0%
Key figures and ratios
EBITDA
€-155k▼
2019 · €-9k
Cash flow
€-147k▼
2019 · €-7k
Solvency
-103.2%▼
2019 · 27.4%
Current ratio
0.37▼
2019 · 0.95
Quick ratio
0.36▼
2019 · 0.92
ROA
-140.4%▼
2019 · -11.2%
Debt
€228k▲
2019 · €110k
Debt ≤ 1 year
€206k▲
2019 · €110k
Income taxes
€385▲
2019 · €-1k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€152k€112k▼
Fixed assets21/28€47k€36k▼
Intangible fixed assets21€10k€6k▼
Tangible fixed assets22/27€30k€23k▼
Financial fixed assets28€7k€7k=
Current assets29/58€105k€76k▼
Stocks and contracts in progress3€4k€965▼
Amounts receivable within one year40/41€82k€70k▼
Cash at bank and in hand54/58€402€3k▲
Equity and liabilities
Total equity and liabilities10/49€152k€112k▼
Equity10/15€42k€-116k▼
Contributions10/11€25k-
Reserves13€19k€19k=
Profit (loss) carried forward14€-3k€-160k▼
Amounts payable17/49€110k€228k▲
Amounts payable within one year42/48€110k€206k▲
Trade debts44€53k€128k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Gross operating margin9900€32k€-145k▼
Operating profit (loss)9901€-19k€-166k▼
Recurring financial income75€6k€21k▲
Recurring financial charges65€6k€13k▲
Profit (loss) for the period before taxes9903€-18k€-157k▼
Income taxes67/77€-1k€385▲
Profit (loss) for the period9904€-17k€-157k▼
Profit (loss) for the period to be appropriated9905€-17k€-157k▼
Timeline · acts, filings and financial milestones
2022
28-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Brugge · EF FAST BV ONTMIJ- NERSLAAN 44, 8200 BRUGGE · event 19-12-2022
2021
29-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · EF FAST BV ONTMIJNERS- LAAN 44, 8200 BRUGGE · event 20-12-2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-157k
Net result drops to €-157k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
08-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 39 days late
2014
13-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURENT SAMYN MEXICOSTRAAT 8, 8730 BEERNEM- |
20-12-2021 → present |