EF4TS
ActiveSummary
EF4TS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139,467 and a net result of -€28,474. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 4.13 against 5.56 in 2024; short-term debt: 23.3% and cash: 60.4% of total assets), and 23.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€28,474
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
59 d early
2024
37 d early
2023
15 d early
2022
5 d early
2021
5 d early
2020
5 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€139,467▼ 17.0%
2024 · €167,941
Total assets
€182,639▼ 10.4%
2024 · €203,925
Net result
-€28,474▲ 27.2%
2024 · -€39,120
Working capital
€132,850▼ 16.1%
2024 · €158,315
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€45,809▼ 51.6%€36,733▼ 19.8%-€36,117-€37,809▼ 4.7%-€27,605▲ 27.0%
Net result€30,184within the sector's middle half▼ 55.3%€24,348within the sector's middle half▼ 19.3%-€37,532below the sector's middle half-€39,120below the sector's middle half▼ 4.2%-€28,474below the sector's middle half▲ 27.2%
Equity€231,645within the sector's middle half▲ 15.0%€244,593within the sector's middle half▲ 5.6%€207,061within the sector's middle half▼ 15.3%€167,941within the sector's middle half▼ 18.9%€139,467within the sector's middle half▼ 17.0%
Total assets€249,787within the sector's middle half▲ 3.6%€307,242within the sector's middle half▲ 23.0%€243,756below the sector's middle half▼ 20.7%€203,925below the sector's middle half▼ 16.3%€182,639below the sector's middle half▼ 10.4%
Debt€18,142▼ 54.2%€62,650▲ 245%€36,696▼ 41.4%€35,984▼ 1.9%€43,172▲ 20.0%
Working capital€225,562within the sector's middle half▲ 15.7%€216,312within the sector's middle half▼ 4.1%€183,378within the sector's middle half▼ 15.2%€158,315within the sector's middle half▼ 13.7%€132,850within the sector's middle half▼ 16.1%
Solvency92.7%above the sector's middle half▲ 9.2pp79.6%above the sector's middle half▼ 13.1pp84.9%above the sector's middle half▲ 5.3pp82.4%above the sector's middle half▼ 2.6pp76.4%above the sector's middle half▼ 6.0pp
Current ratio13.43above the sector's middle half▲ 7.514.46above the sector's middle half▼ 8.976.19above the sector's middle half▲ 1.735.56above the sector's middle half▼ 0.634.13above the sector's middle half▼ 1.44
Return on assets (ROA)12.1%within the sector's middle half▼ 15.9pp7.9%within the sector's middle half▼ 4.2pp-15.4%below the sector's middle half▼ 23.3pp-19.2%below the sector's middle half▼ 3.8pp-15.6%below the sector's middle half▲ 3.6pp
Staff (FTE)0.3below the sector's middle half0.4below the sector's middle half▲ 33.3%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 €27,605 in 2025 against €37,809 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182,639
Fixed assets
€7,284 ▼ 33.2%
Current assets
€175,355 ▼ 9.2%
Equity and liabilities €182,639
Equity
€139,467 ▼ 17.0%
Debt
€43,172 ▲ 20.0%
Debt's share of the balance-sheet total rises from 17.6% to 23.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€23,467▲
2024 · -€23,673
Cash flow
-€24,336▲
2024 · -€24,983
Quick ratio
2.70▼
2024 · 4.39
Debt to equity
0.31▲
2024 · 0.21
ROE
-20.4%▲
2024 · -23.3%
Interest coverage
-33.21▼
2024 · -20.38
Debt ≤ 1 year
€42,506▲
2024 · €34,703
Income taxes
€162▲
2024 · €149
Staff costs
€902▼
2024 · €15,787
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €11,134 | €15,787 | €902 | ▼ 94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,369 | €12,416 | €13,986 | €14,136 | €4,138 | ▼ 70.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €23,000 | €0 | - | - | - | - |
| Other operating charges640/8 | €530 | €739 | €755 | €780 | €804 | ▲ 3.0% |
| Gross operating margin9900 | €71,708 | €49,889 | -€10,243 | -€7,105 | -€21,762 | ▼ 206% |
| Operating profit (loss)9901 | €45,809 | €36,733 | -€36,117 | -€37,809 | -€27,605 | ▲ 27.0% |
| Financial income75/76B | €0 | €14 | €0 | - | - | - |
| Recurring financial income75 | €0 | €14 | €0 | - | - | - |
| Financial charges65/66B | €607 | €541 | €1,242 | €1,162 | €707 | ▼ 39.2% |
| Recurring financial charges65 | €607 | €541 | €1,242 | €1,162 | €707 | ▼ 39.2% |
| Profit (loss) for the period before taxes9903 | €45,202 | €36,206 | -€37,359 | -€38,971 | -€28,312 | ▲ 27.4% |
| Income taxes67/77 | €15,018 | €11,858 | €174 | €149 | €162 | ▲ 8.8% |
| Profit (loss) for the period9904 | €30,184 | €24,348 | -€37,532 | -€39,120 | -€28,474 | ▲ 27.2% |
| Profit (loss) for the period to be appropriated9905 | €30,184 | €24,348 | -€37,532 | -€39,120 | -€28,474 | ▲ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €249,787 | €307,242 | €243,756 | €203,925 | €182,639 | ▼ 10.4% |
| Fixed assets21/28 | €6,083 | €28,439 | €25,044 | €10,907 | €7,284 | ▼ 33.2% |
| Tangible fixed assets22/27 | €5,808 | €28,164 | €24,769 | €10,632 | €7,259 | ▼ 31.7% |
| Furniture and vehicles24 | €5,808 | €28,164 | €24,769 | €10,632 | €7,259 | ▼ 31.7% |
| Financial fixed assets28 | €275 | €275 | €275 | €275 | €25 | ▼ 90.9% |
| Current assets29/58 | €243,704 | €278,803 | €218,713 | €193,018 | €175,355 | ▼ 9.2% |
| Stocks and contracts in progress3 | €28,000 | €35,000 | €35,000 | €40,500 | €60,500 | ▲ 49.4% |
| Stocks30/36 | €28,000 | €35,000 | €35,000 | €40,500 | €60,500 | ▲ 49.4% |
| Amounts receivable within one year40/41 | €23,505 | €5,577 | €15,353 | €6,769 | €4,015 | ▼ 40.7% |
| Trade receivables40 | €0 | - | €12,243 | €3,594 | €2,940 | ▼ 18.2% |
| Other amounts receivable41 | €23,505 | €5,577 | €3,111 | €3,176 | €1,075 | ▼ 66.2% |
| Cash at bank and in hand54/58 | €191,409 | €237,376 | €167,931 | €145,305 | €110,391 | ▼ 24.0% |
| Deferred charges and accrued income490/1 | €790 | €850 | €428 | €444 | €449 | ▲ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €249,787 | €307,242 | €243,756 | €203,925 | €182,639 | ▼ 10.4% |
| Equity10/15 | €231,645 | €244,593 | €207,061 | €167,941 | €139,467 | ▼ 17.0% |
| Contributions10/11 | €12,400 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €219,245 | €243,593 | €243,593 | €243,593 | €243,593 | = |
| Non-distributable reserves130/1 | €1,240 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,240 | €0 | - | - | - | - |
| Distributable reserves133 | €218,005 | €243,593 | €243,593 | €243,593 | €243,593 | = |
| Profit (loss) carried forward14 | - | €0 | -€37,532 | -€76,652 | -€105,125 | ▼ 37.1% |
| Amounts payable17/49 | €18,142 | €62,650 | €36,696 | €35,984 | €43,172 | ▲ 20.0% |
| Amounts payable within one year42/48 | €18,142 | €62,491 | €35,335 | €34,703 | €42,506 | ▲ 22.5% |
| Trade debts44 | €6,660 | €29,014 | €6,966 | €25,904 | €29,269 | ▲ 13.0% |
| Suppliers440/4 | €6,660 | €29,014 | €6,966 | €25,904 | €29,269 | ▲ 13.0% |
| Taxes, remuneration and social security45 | €11,408 | €12,619 | €3,922 | €150 | €160 | ▲ 6.7% |
| Taxes450/3 | €11,408 | €12,619 | €1,148 | €150 | €160 | ▲ 6.7% |
| Remuneration and social security454/9 | - | - | €2,774 | €0 | - | - |
| Other amounts payable47/48 | €74 | €20,858 | €24,447 | €8,649 | €13,076 | ▲ 51.2% |
| Accrued charges and deferred income492/3 | - | €158 | €1,361 | €1,281 | €666 | ▼ 48.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,184 | €24,348 | -€37,532 | -€39,120 | -€28,474 | ▲ 27.2% |
| + Depreciation and write-downs630 | €2,369 | €12,416 | €13,986 | €14,136 | €4,138 | ▼ 70.7% |
| Operating cash flow (approximation) | €32,553 | €36,764 | -€23,547 | -€24,983 | -€24,336 | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | -€34,772 | -€10,590 | €0 | -€515 | - |
| Change in cash | - | €45,967 | -€69,445 | -€22,626 | -€34,914 | ▼ 54.3% |
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
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€39,120
Net result drops to -€39,120, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 13.43
Current ratio from 5.92 to 13.43; short-term debt falls from €39,643 to €18,142.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €67,488 ▲26.9%
Operating result €94,624, net result €67,488, both a record.
31-12
Financial
Equity above €200,000Eq €201,462 ▲50.4%
3 profitable years in a row build equity to €201,462.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100,000Eq €133,974 ▲65.8%
2 profitable years in a row build equity to €133,974.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
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, Bornem · 1 establishment unit since 2016
Ground area
1,358 m²
Building footprint
198 m²
Volume, LiDAR
970 m³
Parcel 12015B0234/00B000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EF4TS
since 20162.254.727.584
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015B0234/00B000 | Flanders | 1,358 m² | 1 · 198 m² | 8.7 m · 2 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 2,262 companies in sector 71113 we hold annual accounts for 659. 536 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
Founded15-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
71113Urban planning and landscape architecture
01430Raising of horses and other equines
46212Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0659701057
Also
9925:BE0659701057
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.