EFAFLEX
ActiveSummary
EFAFLEX has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.05M and a net result of €293k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-1
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 5.55 against 3.88 in 2024; short-term debt: 17.5% and cash: 25.4% of total assets), and 19.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.8%
Return on assets
11.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
83 d early
2023
69 d early
2022
83 d early
2021
23 d early
2020
121 d early
2019
101 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.05M▲ 16.7%
2024 · €1.76M
2018: €961klowest in 8 years
2019: €1.24M▲ +29.3% vs 2018
2020: €1.64M▲ +32.4% vs 2019
2021: €1.49M▼ -9.5% vs 2020
2022: €1.74M▲ +16.8% vs 2021
2023: €1.45M▼ -16.3% vs 2022
2024: €1.76M▲ +21.0% vs 2023
2025: €2.05M▲ +16.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.54M▲ 4.0%
2024 · €2.44M
2018: €1.25Mlowest in 8 years
2019: €1.67M▲ +33.4% vs 2018
2020: €1.94M▲ +16.5% vs 2019
2021: €2.52M▲ +29.7% vs 2020
2022: €2.41M▼ -4.3% vs 2021
2023: €2.22M▼ -7.9% vs 2022
2024: €2.44M▲ +10.1% vs 2023
2025: €2.54M▲ +4.0% vs 2024highest in 8 years
2018 → 2025
Net result
€293k▼ 3.8%
2024 · €305k
2018: €174k
2019: €281k▲ +61.9% vs 2018
2020: €402k▲ +42.8% vs 2019highest in 8 years
2021: €-155k▼ -139% vs 2020lowest in 8 years
2022: €250k▲ +261% vs 2021
2023: €217k▼ -13.0% vs 2022
2024: €305k▲ +40.4% vs 2023
2025: €293k▼ -3.8% vs 2024
2018 → 2025
Working capital
€2.02M▲ 12.1%
2024 · €1.80M
2018: €980klowest in 8 years
2019: €1.28M▲ +30.5% vs 2018
2020: €1.70M▲ +33.0% vs 2019
2021: €1.54M▼ -9.7% vs 2020
2022: €1.79M▲ +16.3% vs 2021
2023: €1.49M▼ -16.6% vs 2022
2024: €1.80M▲ +20.8% vs 2023
2025: €2.02M▲ +12.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.49M-€1.74M▲ 16.8%€1.45M▼ 16.3%€1.76M▲ 21.0%€2.05M▲ 16.7%
2021: €1.49M
2022: €1.74M▲ +16.8% vs 2021
2023: €1.45M▼ -16.3% vs 2022lowest in 5 years
2024: €1.76M▲ +21.0% vs 2023
2025: €2.05M▲ +16.7% vs 2024highest in 5 years
Operating result€-154k-€293k€301k▲ 2.6%€406k▲ 35.0%€380k▼ 6.3%
2021: €-154klowest in 5 years
2022: €293k▲ +291% vs 2021
2023: €301k▲ +2.6% vs 2022
2024: €406k▲ +35.0% vs 2023highest in 5 years
2025: €380k▼ -6.3% vs 2024
Net result€-155k-€250k€217k▼ 13.0%€305k▲ 40.4%€293k▼ 3.8%
2021: €-155klowest in 5 years
2022: €250k▲ +261% vs 2021
2023: €217k▼ -13.0% vs 2022
2024: €305k▲ +40.4% vs 2023highest in 5 years
2025: €293k▼ -3.8% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.54M
Fixed assets
€78k ▲ 345%
Current assets
€2.46M ▲ 1.6%
Equity and liabilities €2.54M
Equity
€2.05M ▲ 16.7%
Debt
€488k ▼ 28.6%
Debt's share of the balance-sheet total falls from 28.0% to 19.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€393k▼
2024 · €409k
Cash flow
€306k▼
2024 · €308k
Current ratio
5.55▲
2024 · 3.88
Quick ratio
5.21▲
2024 · 3.52
Debt to equity
0.24▼
2024 · 0.39
ROE
14.3%▼
2024 · 17.3%
ROA
11.5%▼
2024 · 12.5%
Interest coverage
75.89▼
2024 · 104.41
Debt ≤ 1 year
€444k▼
2024 · €625k
Income taxes
€100k▼
2024 · €118k
Staff costs
€651k▲
2024 · €553k
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 · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.44M€2.54M▲
Fixed assets21/28€17k€78k▲
Intangible fixed assets21€1k€0▼
Tangible fixed assets22/27€10k€72k▲
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€5k€69k▲
Financial fixed assets28€6k€6k=
Current assets29/58€2.43M€2.46M▲
Stocks and contracts in progress3€225k€150k▼
Stocks30/36€91k€74k▼
Contracts in progress37€134k€76k▼
Amounts receivable within one year40/41€855k€813k▼
Trade receivables40€853k€797k▼
Other amounts receivable41€2k€16k▲
Current investments50/53€600k€850k▲
Cash at bank and in hand54/58€739k€646k▼
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.44M€2.54M▲
Equity10/15€1.76M€2.05M▲
Contributions10/11€262k€262k=
Reserves13€27k€27k=
Non-distributable reserves130/1€27k€27k=
Reserves not available under the articles1311€27k€27k=
Profit (loss) carried forward14€1.47M€1.76M▲
Amounts payable17/49€683k€488k▼
Amounts payable within one year42/48€625k€444k▼
Trade debts44€146k€176k▲
Suppliers440/4€146k€176k▲
Advances received on contracts in progress46€348k€132k▼
Taxes, remuneration and social security45€130k€136k▲
Taxes450/3€72k€45k▼
Remuneration and social security454/9€59k€91k▲
Accrued charges and deferred income492/3€58k€43k▼
Income statement
Code20242025
Remuneration, social security and pensions62€553k€651k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€13k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€0▲
Other operating charges640/8€632€25k▲
Gross operating margin9900€962k€1.07M▲
Operating profit (loss)9901€406k€380k▼
Financial income75/76B€21k€18k▼
Recurring financial income75€21k€18k▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€423k€393k▼
Income taxes67/77€118k€100k▼
Profit (loss) for the period9904€305k€293k▼
Profit (loss) for the period to be appropriated9905€305k€293k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.47M€1.76M▲
Profit (loss) brought forward from the previous period14P€1.17M€1.47M▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90877.78.2▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €395k | €514k | €585k | €553k | €651k | ▲ 17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,000 | €0 | €1k | €3k | €13k | ▲ 280% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3k | €-1k | €150 | €-2k | €0 | ▲ 100% |
| Other operating charges640/8 | €3k | €10k | €109 | €632 | €25k | ▲ 3,870% |
| Gross operating margin9900 | €248k | €816k | €887k | €962k | €1.07M | ▲ 11.2% |
| Operating profit (loss)9901 | €-154k | €293k | €301k | €406k | €380k | ▼ 6.3% |
| Financial income75/76B | €1k | €531 | €5k | €21k | €18k | ▼ 15.2% |
| Recurring financial income75 | €1k | €531 | €5k | €21k | €18k | ▼ 15.2% |
| Financial charges65/66B | €3k | €3k | €5k | €4k | €5k | ▲ 32.2% |
| Recurring financial charges65 | €3k | €3k | €5k | €4k | €5k | ▲ 32.2% |
| Profit (loss) for the period before taxes9903 | €-155k | €290k | €300k | €423k | €393k | ▼ 7.1% |
| Income taxes67/77 | €144 | €41k | €83k | €118k | €100k | ▼ 15.6% |
| Profit (loss) for the period9904 | €-155k | €250k | €217k | €305k | €293k | ▼ 3.8% |
| Profit (loss) for the period to be appropriated9905 | €-155k | €250k | €217k | €305k | €293k | ▼ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.52M | €2.41M | €2.22M | €2.44M | €2.54M | ▲ 4.0% |
| Fixed assets21/28 | €6k | €6k | €10k | €17k | €78k | ▲ 345% |
| Intangible fixed assets21 | - | - | €3k | €1k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | - | €1k | €10k | €72k | ▲ 593% |
| Plant, machinery and equipment23 | - | - | €1k | €6k | €3k | ▼ 45.5% |
| Furniture and vehicles24 | - | - | - | €5k | €69k | ▲ 1,335% |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €6k | = |
| Current assets29/58 | €2.51M | €2.40M | €2.21M | €2.43M | €2.46M | ▲ 1.6% |
| Stocks and contracts in progress3 | €132k | €151k | €220k | €225k | €150k | ▼ 33.3% |
| Stocks30/36 | €56k | €88k | €86k | €91k | €74k | ▼ 19.2% |
| Contracts in progress37 | €76k | €63k | €133k | €134k | €76k | ▼ 42.9% |
| Amounts receivable within one year40/41 | €783k | €895k | €981k | €855k | €813k | ▼ 5.0% |
| Trade receivables40 | €673k | €797k | €972k | €853k | €797k | ▼ 6.6% |
| Other amounts receivable41 | €109k | €99k | €8k | €2k | €16k | ▲ 586% |
| Current investments50/53 | - | - | €600k | €600k | €850k | ▲ 41.7% |
| Cash at bank and in hand54/58 | €1.59M | €1.35M | €405k | €739k | €646k | ▼ 12.6% |
| Deferred charges and accrued income490/1 | €2k | €4k | €3k | €6k | €4k | ▼ 25.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.52M | €2.41M | €2.22M | €2.44M | €2.54M | ▲ 4.0% |
| Equity10/15 | €1.49M | €1.74M | €1.45M | €1.76M | €2.05M | ▲ 16.7% |
| Contributions10/11 | €262k | €262k | €262k | €262k | €262k | = |
| Reserves13 | €27k | €27k | €27k | €27k | €27k | = |
| Non-distributable reserves130/1 | €27k | €27k | €27k | €27k | €27k | = |
| Reserves not available under the articles1311 | €27k | €27k | €27k | €27k | €27k | = |
| Profit (loss) carried forward14 | €1.20M | €1.45M | €1.17M | €1.47M | €1.76M | ▲ 20.0% |
| Amounts payable17/49 | €1.03M | €670k | €763k | €683k | €488k | ▼ 28.6% |
| Amounts payable within one year42/48 | €973k | €615k | €718k | €625k | €444k | ▼ 28.9% |
| Trade debts44 | €724k | €321k | €377k | €146k | €176k | ▲ 20.6% |
| Suppliers440/4 | €724k | €321k | €377k | €146k | €176k | ▲ 20.6% |
| Advances received on contracts in progress46 | €163k | €206k | €238k | €348k | €132k | ▼ 62.0% |
| Taxes, remuneration and social security45 | €86k | €87k | €102k | €130k | €136k | ▲ 4.1% |
| Taxes450/3 | €35k | €22k | €44k | €72k | €45k | ▼ 37.7% |
| Remuneration and social security454/9 | €50k | €65k | €58k | €59k | €91k | ▲ 54.9% |
| Accrued charges and deferred income492/3 | €55k | €56k | €45k | €58k | €43k | ▼ 25.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-155k | €250k | €217k | €305k | €293k | ▼ 3.8% |
| + Depreciation and write-downs630 | €1,000 | €0 | €1k | €3k | €13k | ▲ 280% |
| Operating cash flow (approximation) | €-154k | €250k | €219k | €308k | €306k | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | €-80 | €-5k | €-11k | €-73k | ▼ 545% |
| Change in cash | - | €-242k | €-947k | €334k | €-93k | ▼ 128% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €2MEq €2.05M ▲16.7%
4 profitable years in a row build equity to €2.05M.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €250k
Net result €250k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-155k
Net result drops to €-155k, the lowest in the series; recovery starts the following year.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €402k ▲42.8%
Operating result €543k, net result €402k, both a record.
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.24M ▲29.3%
2 profitable years in a row build equity to €1.24M.
Show earlier events
04-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Willebroek · 1 establishment unit since 2011
Ground area
4,191 m²
Building footprint
1,140 m²
Volume, LiDAR
8,404 m³
Parcel 12040A0072/00C002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
42
companies at this address
See who is registered here
1 establishment unit
Efaflex
since 20112.197.132.944
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12040A0072/00C002 | Flanders | 4,191 m² | 1 · 1,140 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 923 EUR awarded · 900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 725 EUR | 702 EUR |
| 2024 | 1 | 0 EUR | 198 EUR |
| 2023 | 1 | 198 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryEFAFLEX BV41882
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 2,797 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
Founded03-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43320Joinery installation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.