EFA EXPRESS
ActiveSummary
The computed 12-month bankruptcy probability of EFA EXPRESS is 7.1% (elevated). The annual accounts of EFA EXPRESS for fiscal year 2025 show a net loss of 87% of total assets and of 92% of the equity at the start of that year. The 2025 annual accounts show equity of €4,642 and a net result of -€56,291. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 4695 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-97
Solvency32▼-63
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
7.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.26 against 2.91 in 2024; short-term debt: 28.9% and cash: 43.7% of total assets), but 92.8% of the assets are financed with debt.
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Signals
Six 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
7.2%
Return on assets
-87.1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4695 sector peers (2025).
NBB · sector comparisonPosition among 4695 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
38 d early
2024
58 d early
2023
145 d early
2022
153 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 99 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4,642▼ 92.4%
2024 · €60,934
Total assets
€64,598▼ 25.4%
2024 · €86,589
Net result
-€56,291
2024 · €19,227
Working capital
€23,518▼ 52.0%
2024 · €48,960
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€11,658-€32,669▲ 180%€29,241▼ 10.5%-€42,114
Net result€11,502-€28,205▲ 145%€19,227▼ 31.8%-€56,291
Equity€13,502-€41,707▲ 209%€60,934▲ 46.1%€4,642▼ 92.4%
Total assets€21,702-€62,293▲ 187%€86,589▲ 39.0%€64,598▼ 25.4%
Debt€8,200-€20,586▲ 151%€25,656▲ 24.6%€59,956▲ 134%
Working capital€12,523-€27,337▲ 118%€48,960▲ 79.1%€23,518▼ 52.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €42,114 after €29,241 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,598
Fixed assets
€22,392 ▲ 87.0%
Current assets
€42,206 ▼ 43.4%
Equity and liabilities €64,598
Equity
€4,642 ▼ 92.4%
Debt
€59,956 ▲ 134%
Debt's share of the balance-sheet total rises from 29.6% to 92.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€37,862▼
2024 · €33,982
Cash flow
-€52,040▼
2024 · €23,968
Current ratio
2.26▼
2024 · 2.91
Debt to equity
12.92▲
2024 · 0.42
ROA
-87.1%▼
2024 · 22.2%
Interest coverage
-35.52▼
2024 · 103.00
Debt ≤ 1 year
€18,688▼
2024 · €25,656
Debt > 1 year
€41,267
Income taxes
€13,111▲
2024 · €9,684
Staff costs
€124,070▲
2024 · €100,478
A ratio outside any meaningful range has been withheld (balance sheet total €64,598, equity €4,642).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 6.7% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.7%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 7.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 646 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €14,188 | €53,521 | €100,478 | €124,070 | ▲ 23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €489 | €3,959 | €4,741 | €4,252 | ▼ 10.3% |
| Other operating charges640/8 | €2,382 | €9,687 | €15,242 | €11,475 | ▼ 24.7% |
| Gross operating margin9900 | €28,717 | €99,836 | €149,702 | €97,683 | ▼ 34.7% |
| Operating profit (loss)9901 | €11,658 | €32,669 | €29,241 | -€42,114 | ▼ 244% |
| Financial charges65/66B | €156 | €189 | €330 | €1,066 | ▲ 223% |
| Recurring financial charges65 | €156 | €189 | €330 | €1,066 | ▲ 223% |
| Profit (loss) for the period before taxes9903 | €11,502 | €32,480 | €28,911 | -€43,180 | ▼ 249% |
| Income taxes67/77 | - | €4,275 | €9,684 | €13,111 | ▲ 35.4% |
| Profit (loss) for the period9904 | €11,502 | €28,205 | €19,227 | -€56,291 | ▼ 393% |
| Profit (loss) for the period to be appropriated9905 | €11,502 | €28,205 | €19,227 | -€56,291 | ▼ 393% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €21,702 | €62,293 | €86,589 | €64,598 | ▼ 25.4% |
| Fixed assets21/28 | €979 | €14,369 | €11,973 | €22,392 | ▲ 87.0% |
| Tangible fixed assets22/27 | €979 | €14,369 | €11,973 | €22,392 | ▲ 87.0% |
| Furniture and vehicles24 | €979 | €14,369 | €11,973 | €7,722 | ▼ 35.5% |
| Other tangible fixed assets26 | - | - | - | €14,670 | - |
| Current assets29/58 | €20,723 | €47,923 | €74,616 | €42,206 | ▼ 43.4% |
| Amounts receivable within one year40/41 | €17,956 | €41,156 | €56,394 | €13,969 | ▼ 75.2% |
| Trade receivables40 | €4,126 | €26,091 | €35,315 | €476 | ▼ 98.7% |
| Other amounts receivable41 | €13,830 | €15,065 | €21,079 | €13,494 | ▼ 36.0% |
| Cash at bank and in hand54/58 | €2,768 | €6,767 | €18,222 | €28,237 | ▲ 55.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €21,702 | €62,293 | €86,589 | €64,598 | ▼ 25.4% |
| Equity10/15 | €13,502 | €41,707 | €60,934 | €4,642 | ▼ 92.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Issued capital100 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €11,502 | €39,707 | €58,934 | €2,642 | ▼ 95.5% |
| Amounts payable17/49 | €8,200 | €20,586 | €25,656 | €59,956 | ▲ 134% |
| Amounts payable after more than one year17 | - | - | - | €41,267 | - |
| Financial debts170/4 | - | - | - | €41,267 | - |
| Amounts payable within one year42/48 | €8,200 | €20,586 | €25,656 | €18,688 | ▼ 27.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,360 | - |
| Trade debts44 | €5,439 | €12,825 | €16,482 | €2,758 | ▼ 83.3% |
| Suppliers440/4 | €5,439 | €12,825 | €16,482 | €2,758 | ▼ 83.3% |
| Taxes, remuneration and social security45 | €2,762 | €7,761 | €9,173 | €5,571 | ▼ 39.3% |
| Taxes450/3 | €2,762 | €7,761 | €9,173 | €5,571 | ▼ 39.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,502 | €28,205 | €19,227 | -€56,291 | ▼ 393% |
| + Depreciation and write-downs630 | €489 | €3,959 | €4,741 | €4,252 | ▼ 10.3% |
| Operating cash flow (approximation) | €11,991 | €32,164 | €23,968 | -€52,040 | ▼ 317% |
| Investment in fixed assets (approximation) | - | -€17,350 | -€2,345 | -€14,670 | ▼ 526% |
| Change in cash | - | €4,000 | €11,454 | €10,015 | ▼ 12.6% |
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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€56,291
Net result drops to -€56,291, the lowest in the series.
03-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Highest result since 2022net €28,205 ▲145%
Operating result €32,669, net result €28,205, both a record.
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Evere
Ground area
3,304 m²
Building footprint
1,528 m²
Volume, LiDAR
18,106 m³
Parcel 21372C0123/00R000, Brussels · tallest building 21.8 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0123/00R000 | Brussels | 3,304 m² | 1 · 1,528 m² | 21.8 m · 5 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 2,616 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
Founded03-07-2021
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770700038
Also
9925:BE0770700038
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.