EF GROUP
ActiveSummary
The computed 12-month bankruptcy probability of EF GROUP is 4.2% (elevated). The 2024 annual accounts show equity of €127k and a net result of €82k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency81▲+14
Growth78=
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 1.97 against 1.63 in 2023; short-term debt: 43.9% and cash: 32.3% of total assets), and 43.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €127k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
134 d late
2022
65 d late
2021
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€127k▲ 185%
2023 · €45k
2021: €-2klowest in 4 years
2022: €9k▲ +531% vs 2021
2023: €45k▲ +423% vs 2022
2024: €127k▲ +185% vs 2023highest in 4 years
2021 → 2024
Total assets
€226k▲ 113%
2023 · €106k
2021: €9klowest in 4 years
2022: €32k▲ +269% vs 2021
2023: €106k▲ +234% vs 2022
2024: €226k▲ +113% vs 2023highest in 4 years
2021 → 2024
Net result
€82k▲ 52.4%
2023 · €54k
2021: €-12klowest in 4 years
2022: €10k▲ +188% vs 2021
2023: €54k▲ +415% vs 2022
2024: €82k▲ +52.4% vs 2023highest in 4 years
2021 → 2024
Working capital
€96k▲ 150%
2023 · €39k
2021: €-6klowest in 4 years
2022: €55▲ +101% vs 2021
2023: €39k▲ +70029% vs 2022
2024: €96k▲ +150% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-2k-€9k€45k▲ 423%€127k▲ 185%
2021: €-2klowest in 4 years
2022: €9k▲ +531% vs 2021
2023: €45k▲ +423% vs 2022
2024: €127k▲ +185% vs 2023highest in 4 years
Operating result€-12k-€11k€54k▲ 414%€83k▲ 52.7%
2021: €-12klowest in 4 years
2022: €11k▲ +188% vs 2021
2023: €54k▲ +414% vs 2022
2024: €83k▲ +52.7% vs 2023highest in 4 years
Net result€-12k-€10k€54k▲ 415%€82k▲ 52.4%
2021: €-12klowest in 4 years
2022: €10k▲ +188% vs 2021
2023: €54k▲ +415% vs 2022
2024: €82k▲ +52.4% vs 2023highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 53% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €226k
Fixed assets
€30k ▲ 420%
Current assets
€196k ▲ 94.8%
Equity and liabilities €226k
Equity
€127k ▲ 185%
Debt
€99k ▲ 60.5%
Debt's share of the balance-sheet total falls from 58.1% to 43.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92k▲
2023 · €58k
Cash flow
€92k▲
2023 · €58k
Current ratio
1.97▲
2023 · 1.63
Debt to equity
0.78▼
2023 · 1.39
ROE
64.9%▼
2023 · 121.3%
ROA
36.4%▼
2023 · 50.8%
Interest coverage
322.35▼
2023 · 725.28
Debt ≤ 1 year
€99k▲
2023 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€106k€226k▲
Fixed assets21/28€6k€30k▲
Tangible fixed assets22/27€6k€30k▲
Plant, machinery and equipment23€2k€587▼
Furniture and vehicles24€4k€30k▲
Current assets29/58€100k€196k▲
Amounts receivable within one year40/41€55k€123k▲
Trade receivables40€36k€95k▲
Other amounts receivable41€19k€28k▲
Cash at bank and in hand54/58€45k€73k▲
Equity and liabilities
Total equity and liabilities10/49€106k€226k▲
Equity10/15€45k€127k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€35k€117k▲
Amounts payable17/49€62k€99k▲
Amounts payable within one year42/48€62k€99k▲
Trade debts44€16k€56k▲
Suppliers440/4€16k€56k▲
Advances received on contracts in progress46€3k€37k▲
Other amounts payable47/48€43k€6k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€10k▲
Other operating charges640/8€645€15k▲
Gross operating margin9900€58k€108k▲
Operating profit (loss)9901€54k€83k▲
Financial income75/76B€0€30▲
Recurring financial income75€0€30▲
Financial charges65/66B€80€286▲
Recurring financial charges65€80€286▲
Profit (loss) for the period before taxes9903€54k€82k▲
Profit (loss) for the period9904€54k€82k▲
Profit (loss) for the period to be appropriated9905€54k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€117k▲
Profit (loss) brought forward from the previous period14P€-1k€35k▲
Profit to be distributed694/7€18k-
Directors or managers695€18k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €4k | €10k | ▲ 162% |
| Other operating charges640/8 | - | €477 | €645 | €15k | ▲ 2,299% |
| Non-recurring operating charges66A | - | €2 | - | - | - |
| Gross operating margin9900 | €-11k | €14k | €58k | €108k | ▲ 84.4% |
| Operating profit (loss)9901 | €-12k | €11k | €54k | €83k | ▲ 52.7% |
| Financial income75/76B | - | €1 | €0 | €30 | ▲ 76,000% |
| Recurring financial income75 | - | €1 | €0 | €30 | ▲ 76,000% |
| Financial charges65/66B | - | €38 | €80 | €286 | ▲ 259% |
| Recurring financial charges65 | - | €38 | €80 | €286 | ▲ 259% |
| Profit (loss) for the period before taxes9903 | €-12k | €10k | €54k | €82k | ▲ 52.4% |
| Profit (loss) for the period9904 | €-12k | €10k | €54k | €82k | ▲ 52.4% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €10k | €54k | €82k | ▲ 52.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9k | €32k | €106k | €226k | ▲ 113% |
| Fixed assets21/28 | €4k | €8k | €6k | €30k | ▲ 420% |
| Tangible fixed assets22/27 | €4k | €8k | €6k | €30k | ▲ 420% |
| Plant, machinery and equipment23 | €4k | €2k | €2k | €587 | ▼ 64.5% |
| Furniture and vehicles24 | - | €6k | €4k | €30k | ▲ 613% |
| Current assets29/58 | €5k | €23k | €100k | €196k | ▲ 94.8% |
| Amounts receivable within one year40/41 | €1k | €10k | €55k | €123k | ▲ 123% |
| Trade receivables40 | €88 | €8k | €36k | €95k | ▲ 164% |
| Other amounts receivable41 | €1k | €2k | €19k | €28k | ▲ 44.7% |
| Cash at bank and in hand54/58 | €3k | €13k | €45k | €73k | ▲ 60.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9k | €32k | €106k | €226k | ▲ 113% |
| Equity10/15 | €-2k | €9k | €45k | €127k | ▲ 185% |
| Contributions10/11 | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-12k | €-1k | €35k | €117k | ▲ 239% |
| Amounts payable17/49 | €11k | €23k | €62k | €99k | ▲ 60.5% |
| Amounts payable within one year42/48 | €11k | €23k | €62k | €99k | ▲ 60.5% |
| Trade debts44 | - | €171 | €16k | €56k | ▲ 261% |
| Suppliers440/4 | - | €171 | €16k | €56k | ▲ 261% |
| Advances received on contracts in progress46 | - | - | €3k | €37k | ▲ 987% |
| Other amounts payable47/48 | €11k | €23k | €43k | €6k | ▼ 86.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €10k | €54k | €82k | ▲ 52.4% |
| + Depreciation and write-downs630 | €1k | €3k | €4k | €10k | ▲ 162% |
| Operating cash flow (approximation) | €-11k | €13k | €58k | €92k | ▲ 59.5% |
| Investment in fixed assets (approximation) | - | €-8k | €-1k | €-34k | ▼ 3,080% |
| Change in cash | - | €10k | €32k | €28k | ▼ 14.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
31-12
Financial
Highest result since 2021net €82k ▲52.4%
Operating result €83k, net result €82k, both a record.
31-12
Financial
Equity above €100kEq €127k ▲185%
3 profitable years in a row build equity to €127k.
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 134 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.00
Current ratio from 0.46 to 1.00.
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Anderlecht · 1 establishment unit since 2021
Ground area
3.8 ha
Building footprint
1,578 m²
Volume, LiDAR
29,040 m³
Parcel 21306C0030/00V000, Brussels · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
107
companies at this address
See who is registered here
1 establishment unit
RefriTech
since 20212.319.069.664
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,926 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43212Electrical installation work in industrial facilities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
Scores and ratios are computed by Checked and are not a credit decision.