EFAN
Annual accounts 2025
micro format, filed on 05-11-2025, 87 days before the deadlineGross margin
-€2,050
▲ €864
Operating result
-€138,951
▼ €124,023
EBITDA
-
Cash flow
-
Solvency
100.0%
unchanged
Current ratio
-
Turnover and EBIT margin are not published. The micro format does not require them.
Money flows
no detail for 2025Balance sheet
balance sheet total €34,892 on 30-06-2025What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Staff
Staff cost per FTE
Staff costs divided by the average number of full-time equivalents.
Blue and white collar
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
Total assets20/58 |
34,892 | 173,545 | 506,349 | 507,926 | 433,038 | 424,605 | 421,160 | 468,806 | 474,850 | 478,034 | 909,928 | 874,337 | 832,903 | 723,209 | 632,025 | 584,462 | 511,839 | 535,929 | 530,703 | |
Formation expenses20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 245 | 1,712 | 3,181 | 4,649 | |
Fixed assets21/28 |
1,200 | 1,200 | 413,214 | 413,213 | 414,762 | 414,762 | 414,762 | 462,171 | 465,756 | 469,341 | 472,927 | 477,068 | 814,802 | 704,011 | 619,530 | 552,248 | 487,263 | 498,492 | 498,063 | |
Tangible fixed assets22/27 |
- | - | - | - | - | - | 0 | 47,409 | 50,994 | 54,579 | 58,165 | 62,306 | 400,040 | 289,249 | 204,768 | 137,241 | 70,789 | 80,549 | 59,620 | |
Land and buildings22 |
- | - | - | - | - | - | - | 47,409 | 50,994 | 54,579 | 58,165 | 61,750 | 398,930 | 286,829 | 195,940 | 120,660 | 47,296 | 50,024 | 52,753 | |
Plant, machinery and equipment23 |
- | - | - | - | - | - | - | - | - | - | - | 397 | 793 | 1,945 | 7,800 | 15,293 | 19,809 | 24,445 | 363 | |
Furniture and vehicles24 |
- | - | - | - | - | - | - | - | - | - | - | 159 | 317 | 475 | 1,028 | 1,288 | 3,684 | 6,080 | 6,504 | |
Financial fixed assets28 |
1,200 | 1,200 | 413,214 | 413,213 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 414,762 | 433,794 | |
Current assets29/58 |
33,692 | 172,345 | 93,135 | 94,713 | 18,276 | 9,843 | 6,398 | 6,635 | 9,094 | 8,693 | 437,001 | 397,269 | 18,101 | 19,198 | 12,495 | 32,214 | 24,576 | 37,437 | 32,640 | |
Stocks and contracts in progress3 |
- | - | - | - | - | - | - | - | - | - | 429,760 | 385,452 | - | - | - | - | - | - | 13,895 | |
Stocks30/36 |
- | - | - | - | - | - | - | - | - | - | 429,760 | 385,452 | - | - | - | - | - | - | 13,895 | |
Amounts receivable within one year40/41 |
27,785 | 164,686 | 83,147 | 63,742 | 9,092 | 3,373 | 1,007 | 5,313 | 2,824 | 7,960 | 3,921 | 5,558 | 5,576 | 10,438 | 9,526 | 7,125 | 20,030 | 8,699 | 14,686 | |
Trade receivables40 |
- | - | - | - | 2,671 | 2,671 | - | 2,671 | 2,671 | 7,808 | 3,270 | 5,150 | 3,123 | 10,031 | 9,123 | 1,621 | 4,646 | 2,696 | 4,499 | |
Other amounts receivable41 |
27,785 | 164,686 | 83,147 | 63,742 | 6,421 | 702 | 1,007 | 2,642 | 153 | 152 | 651 | 408 | 2,453 | 407 | 403 | 5,504 | 15,384 | 6,003 | 10,187 | |
Cash at bank and in hand54/58 |
5,907 | 7,659 | 9,988 | 30,971 | 9,184 | 6,470 | 5,391 | 1,322 | 6,241 | 733 | 3,320 | 6,177 | 12,443 | 8,760 | 1,919 | 23,672 | 3,068 | 28,738 | 4,059 | |
Deferred charges and accrued income490/1 |
- | - | - | - | - | - | - | - | 29 | - | - | 82 | 82 | - | 1,050 | 1,417 | 1,478 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
Total equity and liabilities10/49 |
34,892 | 173,545 | 506,349 | 507,926 | 433,038 | 424,605 | 421,160 | 468,806 | 474,850 | 478,034 | 909,928 | 874,337 | 832,903 | 723,209 | 632,025 | 584,462 | 511,839 | 535,929 | 530,703 | |
Equity10/15 |
34,892 | 173,545 | 506,349 | 436,608 | 347,208 | 333,785 | 330,610 | 273,548 | 238,125 | 231,410 | 230,418 | 220,171 | 192,192 | 170,085 | 139,649 | 110,740 | 79,699 | 69,508 | 56,146 | |
Contributions10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
Capital10 |
20,000 | 20,000 | 20,000 | 20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Issued capital100 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
Reserves13 |
2,000 | 2,000 | 2,000 | 2,000 | 24,307 | 24,307 | 24,307 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
Non-distributable reserves130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
Tax-exempt reserves132 |
- | - | - | - | 22,307 | 22,307 | 22,307 | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) carried forward14 |
12,892 | 151,545 | 484,349 | 414,608 | 302,901 | 289,478 | 286,303 | 251,548 | 216,125 | 209,410 | 208,418 | 198,171 | 170,192 | 148,085 | 117,649 | 88,740 | 57,699 | 47,508 | 34,146 | |
Provisions and deferred taxes16 |
- | - | - | - | 11,153 | 11,153 | 11,153 | - | - | - | - | - | - | - | - | - | - | - | - | |
Deferred taxes168 |
- | - | - | - | 11,153 | 11,153 | 11,153 | - | - | - | - | - | - | - | - | - | - | - | - | |
Amounts payable17/49 |
- | - | - | 71,318 | 74,677 | 79,667 | 79,397 | 195,258 | 236,725 | 246,624 | 679,510 | 654,166 | 640,711 | 553,124 | 492,376 | 473,722 | 432,140 | 466,421 | 474,557 | |
Amounts payable after more than one year17 |
- | - | - | - | - | - | 23,039 | 85,749 | 126,496 | 161,828 | 583,598 | 578,018 | 553,490 | 470,557 | 386,582 | 340,266 | 306,875 | 321,393 | 343,194 | |
Financial debts170/4 |
- | - | - | - | - | - | - | 85,749 | 126,496 | 161,828 | 583,598 | 578,018 | 553,490 | 470,557 | 386,582 | 340,266 | 306,875 | 321,393 | 343,194 | |
Other amounts payable178/9 |
- | - | - | - | - | - | 23,039 | - | - | - | - | - | - | - | - | - | - | - | - | |
Amounts payable within one year42/48 |
- | - | - | 71,318 | 74,677 | 79,667 | 55,477 | 109,509 | 110,229 | 84,796 | 90,912 | 71,148 | 76,890 | 77,567 | 100,794 | 128,456 | 125,265 | 144,295 | 131,362 | |
Current portion of amounts payable after more than one year42 |
- | - | - | - | - | - | - | 35,978 | 34,332 | 37,407 | 34,350 | 32,800 | 31,317 | 31,979 | 7,054 | 23,808 | 29,364 | 21,802 | 22,560 | |
Financial debts43 |
- | - | - | - | - | - | - | 941 | - | - | - | - | - | - | - | - | - | - | - | |
Credit institutions430/8 |
- | - | - | - | - | - | - | 941 | - | - | - | - | - | - | - | - | - | - | - | |
Trade debts44 |
- | - | - | - | 4,229 | 3,600 | 3,929 | 2,430 | 3,440 | 5,294 | 5,208 | 4,599 | 1,801 | 5,429 | 4,581 | 6,787 | 2,420 | 26,443 | 15,266 | |
Suppliers440/4 |
- | - | - | - | 4,229 | 3,600 | 3,929 | 2,430 | 3,440 | 5,294 | 5,208 | 4,599 | 1,801 | 5,429 | 4,581 | 6,787 | 2,420 | 26,443 | 15,266 | |
Advances received on contracts in progress46 |
- | - | - | - | 18,565 | 18,565 | 13,615 | 12,708 | 12,708 | 12,708 | 12,708 | 12,708 | 12,708 | 13,615 | 13,615 | 13,615 | 7,800 | 7,800 | 6,225 | |
Taxes, remuneration and social security45 |
- | - | - | 42,856 | 5,515 | 5,754 | 4,571 | 4,452 | 3,990 | 2,878 | 6,887 | 2,859 | 7,962 | 2,776 | 2,620 | 4,143 | 5,578 | 3,539 | 175 | |
Taxes450/3 |
- | - | - | 42,856 | 5,515 | - | - | - | 1,345 | 1,345 | 1,963 | 2,653 | 4,684 | 1,831 | 1,715 | 694 | - | 175 | 175 | |
Remuneration and social security454/9 |
- | - | - | - | - | 5,754 | 4,571 | 4,452 | 2,645 | 1,533 | 4,924 | 206 | 3,278 | 945 | 905 | 3,449 | 5,578 | 3,364 | - | |
Other amounts payable47/48 |
- | - | - | 28,462 | 46,368 | 51,748 | 33,362 | 53,000 | 55,759 | 26,509 | 31,759 | 18,182 | 23,102 | 23,768 | 72,924 | 80,103 | 80,103 | 84,711 | 87,136 | |
Accrued charges and deferred income492/3 |
- | - | - | - | - | - | 881 | - | - | - | 5,000 | 5,000 | 10,331 | 5,000 | 5,000 | 5,000 | - | 733 | 1 | |
| Income statement | ||||||||||||||||||||
Turnover70 |
- | - | - | - | - | - | - | - | - | - | - | - | 30,000 | 17,000 | 29,440 | - | - | - | - | |
Non-recurring operating income76A |
- | - | - | - | - | - | - | - | - | 5,000 | 831 | 717 | - | - | 10,005 | - | 1 | 217 | 361 | |
Gross operating margin9900 |
-2,050 | -2,914 | 1,515 | 12,476 | 54,105 | 52,322 | 114,091 | 82,662 | 55,535 | 112,505 | 91,031 | 100,565 | 108,924 | 91,829 | 86,221 | 113,147 | 85,836 | 66,778 | 64,424 | |
Goods, raw materials, services and sundry goods60/61 |
- | - | - | - | - | - | - | 2,095 | - | - | - | - | 21,026 | 19,131 | 23,234 | - | - | - | - | |
Remuneration, social security and pensions62 |
- | - | - | 4,906 | 34,331 | 31,794 | 34,687 | 35,469 | 37,328 | 28,117 | 35,438 | 25,182 | 26,775 | 25,811 | 21,715 | 31,349 | 31,116 | 23,209 | 8,801 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | 12,014 | - | - | - | - | - | 3,585 | 3,585 | 3,586 | 4,141 | 4,141 | 4,895 | 11,579 | 12,376 | 17,711 | 13,493 | 12,926 | 5,450 | |
Other operating charges640/8 |
- | - | - | 1,692 | - | - | 327 | - | 381 | 33 | 1,384 | - | 159 | 89 | 303 | 89 | 89 | - | 95 | |
Non-recurring operating charges66A |
136,901 | - | - | 15,796 | - | 415 | 88 | 429 | - | 51,734 | - | 144 | - | - | 424 | 200 | - | - | - | |
Operating profit (loss)9901 |
-138,951 | -14,928 | 1,515 | -9,918 | 19,774 | 20,113 | 78,989 | 43,179 | 14,241 | 80,769 | 50,068 | 71,242 | 77,095 | 54,350 | 51,827 | 63,998 | 41,138 | 30,643 | 50,078 | |
Financial income75/76B |
742 | 651 | 80,000 | 236,369 | - | 3 | - | - | - | - | - | - | 0 | - | 8 | 17 | 43 | 5 | 38 | |
Recurring financial income75 |
742 | 651 | 80,000 | - | - | 3 | - | - | - | - | - | - | 0 | - | 8 | 17 | 43 | 5 | 38 | |
Non-recurring financial income76B |
- | - | - | 236,369 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Financial charges65/66B |
56 | 318,527 | 61 | 71 | - | 6 | 4,700 | 5,101 | 6,807 | 27,591 | 28,144 | 26,237 | 27,187 | 23,914 | 15,055 | 18,518 | 22,146 | 17,502 | 27,026 | |
Recurring financial charges65 |
56 | 65 | 61 | 71 | - | 6 | 4,700 | 5,101 | 6,807 | 27,591 | 28,144 | 26,237 | 27,187 | 23,914 | 15,055 | 18,518 | 22,146 | 17,502 | 27,026 | |
Non-recurring financial charges66B |
- | 318,462 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period before taxes9903 |
-138,265 | -332,804 | 81,454 | 226,380 | 19,774 | 20,110 | 74,289 | 38,078 | 7,434 | 6,444 | 22,755 | 45,578 | 49,908 | 30,436 | 46,361 | 45,297 | 19,036 | 13,363 | 23,451 | |
Transfer from deferred taxes780 |
- | - | - | 11,153 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Income taxes67/77 |
388 | - | 11,713 | 5,276 | 6,351 | 16,935 | 6,074 | 2,655 | 719 | 5,452 | 12,508 | 17,599 | 27,801 | - | 17,452 | 14,256 | 8,845 | - | 7,998 | |
Profit (loss) for the period9904 |
-138,653 | -332,804 | 69,741 | 232,257 | 13,423 | 3,175 | 57,062 | 35,423 | 6,715 | 992 | 10,247 | 27,979 | 22,107 | 30,436 | 28,909 | 31,041 | 10,191 | 13,363 | 15,453 | |
Transfer from tax-exempt reserves789 |
- | - | - | 22,306 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Transfer to tax-exempt reserves689 |
- | - | - | - | - | - | 22,307 | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period to be appropriated9905 |
-138,653 | -332,804 | 69,741 | 254,563 | 13,423 | 3,175 | 34,755 | 35,423 | 6,715 | 992 | 10,247 | 27,979 | 22,107 | 30,436 | 28,909 | 31,041 | 10,191 | 13,363 | 15,453 | |
| Appropriation of the result | ||||||||||||||||||||
Profit (loss) to be appropriated9906 |
12,892 | 151,545 | 484,349 | 557,464 | 302,901 | 289,478 | 286,303 | 251,548 | 216,125 | 209,410 | 208,418 | 198,171 | 170,192 | 148,085 | 117,649 | 88,740 | 57,699 | 47,508 | 34,146 | |
Profit (loss) brought forward from the previous period14P |
151,545 | 484,349 | 414,608 | 302,901 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit to be distributed694/7 |
- | - | - | 142,856 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
- | - | - | 142,856 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
Average staff (FTE)9087 |
- | - | - | - | - | 1.6 | 1.6 | 1.1 | 1 | 1 | 1.1 | 1 | 1 | 1 | 1.3 | 1.3 | 1.3 | 1.3 | - | |
Hours worked1013 |
- | - | - | - | - | 1,820 | 1,917 | 1,896 | 1,902 | 1,878 | 1,989 | 1,038 | 1,786 | 1,786 | 2,277 | 2,277 | 2,447 | 2,453 | - | |
| Document | ||||||||||||||||||||
The accounts for financial year 2006 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 05-11-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 05-11-2025 | 2025-00562293 | |
| 30-06-2024 | micro format | 09-01-2025 | 2025-00002097 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00534760 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00011877 | |
| 30-06-2021 | micro format | 12-01-2022 | 2022-00800490 | |
| 30-06-2020 | micro format | 21-01-2021 | 2021-01400039 | |
| 30-06-2019 | micro format | 09-01-2020 | 2020-00700161 | |
| 30-06-2018 | micro format | 16-01-2019 | 2019-01700114 | |
| 30-06-2017 | micro format | 21-02-2018 | 2018-05300527 | |
| 30-06-2016 | full format | 20-01-2017 | 2017-01900306 | |
| 30-06-2015 | full format | 17-12-2015 | 2015-69300219 | |
| 30-06-2014 | full format | 16-01-2015 | 2015-01900138 | |
| 30-06-2013 | full format | 26-02-2014 | 2014-05300028 | |
| 30-06-2012 | full format | 14-02-2013 | 2013-03800041 | |
| 30-06-2011 | full format | 20-03-2012 | 2012-06600287 | |
| 30-06-2010 | full format | 23-02-2011 | 2011-04500318 | |
| 30-06-2009 | full format | 17-02-2010 | 2010-04900210 | |
| 30-06-2008 | full format | 12-03-2009 | 2009-07400019 | |
| 30-06-2007 | full format | 22-04-2008 | 2008-11300326 | |
| 30-06-2006 | full format | 29-03-2007 | 2007-10702275 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | - | -2,914 | - | - | - | - | - | 46,764 | 17,826 | 84,355 | 54,209 | 75,383 | 81,990 | 65,929 | 64,203 | 81,709 | 54,631 | 43,569 | 55,528 | |
| Cash flow | - | -320,790 | - | - | - | - | - | 39,008 | 10,300 | 4,578 | 14,388 | 32,120 | 27,002 | 42,015 | 41,285 | 48,752 | 23,684 | 26,289 | 20,903 | |
| Investment in fixed assets (approximation) | - | -400,000 | - | - | - | - | - | 0 | 0 | 0 | 0 | -333,593 | 115,686 | 96,060 | 79,903 | 84,163 | 3,733 | 32,387 | 54,572 | |
| Change in cash | -1,752 | -2,329 | -20,983 | 21,787 | 2,714 | 1,079 | 4,069 | -4,919 | 5,508 | -2,587 | -2,857 | -6,266 | 3,683 | 6,841 | -21,753 | 20,604 | -25,670 | 24,679 | - | |
| Working capital | - | - | - | 23,395 | -56,401 | -69,824 | -49,079 | -102,874 | -101,135 | -76,103 | 346,089 | 326,121 | -58,789 | -58,369 | -88,299 | -96,242 | -100,689 | -106,858 | -98,722 | |
| Solvency | 100.0% | 100.0% | 100.0% | 86.0% | 80.2% | 78.6% | 78.5% | 58.3% | 50.1% | 48.4% | 25.3% | 25.2% | 23.1% | 23.5% | 22.1% | 18.9% | 15.6% | 13.0% | 10.6% | |
| Current ratio | - | - | - | 1.33 | 0.24 | 0.12 | 0.12 | 0.06 | 0.08 | 0.10 | 4.81 | 5.58 | 0.24 | 0.25 | 0.12 | 0.25 | 0.20 | 0.26 | 0.25 | |
| Quick ratio | - | - | - | 1.33 | 0.24 | 0.12 | 0.12 | 0.06 | 0.08 | 0.10 | 0.08 | 0.17 | 0.24 | 0.25 | 0.12 | 0.25 | 0.20 | 0.26 | 0.14 | |
| Debt to equity | - | - | - | 0.16 | 0.22 | 0.24 | 0.24 | 0.71 | 0.99 | 1.07 | 2.95 | 2.97 | 3.33 | 3.25 | 3.53 | 4.28 | 5.42 | 6.71 | 8.45 | |
| ROE | -397.4% | -191.8% | 13.8% | 53.2% | 3.9% | 1.0% | 17.3% | 12.9% | 2.8% | 0.4% | 4.4% | 12.7% | 11.5% | 17.9% | 20.7% | 28.0% | 12.8% | 19.2% | 27.5% | |
| ROA | -397.4% | -191.8% | 13.8% | 45.7% | 3.1% | 0.7% | 13.5% | 7.6% | 1.4% | 0.2% | 1.1% | 3.2% | 2.7% | 4.2% | 4.6% | 5.3% | 2.0% | 2.5% | 2.9% | |
| Interest coverage | - | -44.83 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Customer credit | - | - | - | - | - | - | - | - | - | - | - | - | 38 days | 215 days | 113 days | - | - | - | - | |
| Supplier credit | - | - | - | - | - | - | - | 423 days | - | - | - | - | 31 days | 104 days | 72 days | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on EFAN
The operating result for 2025 is a loss of €138,951, larger than the loss of €14,928 in 2024. It is the lowest result since 2007.
Large changes and their cause
- 2023 Net result -70% on 2022. The 2022 profit included a one-off income of €236,369.
- 2022 Net result +1,630% on 2021. The 2022 profit included a one-off income of €236,369.