EFCEE
ActiveSummary
EFCEE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.68M and a net result of €179k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 25.08 against 8.03 in 2024; short-term debt: 2.9% and cash: 10.1% of total assets), and 3.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
96.9%
Return on assets
10.4%
Age of the figures
12 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 30-09-2025 was due by 30-04-2026 and was filed on 05-01-2026, 115 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
115 d early
2024
56 d early
2023
56 d early
2022
159 d early
2021
16 d early
2020
120 d early
2019
43 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.68M▲ 12.0%
2024 · €1.50M
Total assets
€1.73M▲ 5.1%
2024 · €1.65M
Net result
€179k▲ 5.8%
2024 · €170k
Working capital
€1.23M▲ 19.9%
2024 · €1.03M
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
Line20212022202320242025
Operating result€198k▼ 37.9%€281k▲ 42.1%€244k▼ 13.3%€216k▼ 11.5%€233k▲ 8.3%
Net result€140k▼ 36.2%€169k▲ 20.8%€158k▼ 6.5%€170k▲ 7.1%€179k▲ 5.8%
Equity€1.25M▼ 12.1%€1.42M▲ 13.6%€1.42M▲ 0.2%€1.50M▲ 5.6%€1.68M▲ 12.0%
Total assets€1.32M▼ 12.9%€1.50M▲ 13.3%€1.47M▼ 2.0%€1.65M▲ 12.1%€1.73M▲ 5.1%
Debt€75k▼ 23.6%€83k▲ 9.5%€51k▼ 38.7%€149k▲ 194%€53k▼ 64.3%
Working capital€1.01M▼ 12.5%€1.21M▲ 19.4%€879k▼ 27.3%€1.03M▲ 16.7%€1.23M▲ 19.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.73M
Fixed assets
€452k ▼ 5.4%
Current assets
€1.28M ▲ 9.3%
Equity and liabilities €1.73M
Equity
€1.68M ▲ 12.0%
Debt
€53k ▼ 64.3%
Debt's share of the balance-sheet total falls from 9.0% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€259k▼
2024 · €279k
Cash flow
€205k▼
2024 · €233k
Current ratio
25.08▲
2024 · 8.03
Debt to equity
0.03▼
2024 · 0.10
ROE
10.7%▼
2024 · 11.3%
ROA
10.4%▲
2024 · 10.3%
Interest coverage
5019.16▲
2024 · 968.62
Debt ≤ 1 year
€51k▼
2024 · €146k
Income taxes
€78k▲
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €443 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €27k | €27k | €63k | €26k | ▼ 59.7% |
| Other operating charges640/8 | €532 | €1k | €2k | €2k | €2k | ▼ 0.4% |
| Gross operating margin9900 | €226k | €310k | €272k | €281k | €261k | ▼ 7.1% |
| Operating profit (loss)9901 | €198k | €281k | €244k | €216k | €233k | ▲ 8.3% |
| Financial income75/76B | €4k | €2k | €7k | €18k | €24k | ▲ 29.3% |
| Recurring financial income75 | €4k | €2k | €5k | €18k | €24k | ▲ 29.3% |
| Non-recurring financial income76B | - | - | €3k | - | - | - |
| Financial charges65/66B | €2k | €1k | €41 | €288 | €52 | ▼ 82.1% |
| Recurring financial charges65 | €2k | €1k | €41 | €288 | €52 | ▼ 82.1% |
| Profit (loss) for the period before taxes9903 | €199k | €282k | €251k | €233k | €257k | ▲ 10.0% |
| Income taxes67/77 | €59k | €113k | €93k | €64k | €78k | ▲ 21.1% |
| Profit (loss) for the period9904 | €140k | €169k | €158k | €170k | €179k | ▲ 5.8% |
| Transfer from tax-exempt reserves789 | - | €233k | €196k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €140k | €402k | €354k | €170k | €179k | ▲ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.32M | €1.50M | €1.47M | €1.65M | €1.73M | ▲ 5.1% |
| Fixed assets21/28 | €239k | €212k | €544k | €477k | €452k | ▼ 5.4% |
| Tangible fixed assets22/27 | €239k | €212k | €544k | €477k | €452k | ▼ 5.4% |
| Land and buildings22 | - | - | - | €306k | €298k | ▼ 2.8% |
| Plant, machinery and equipment23 | €1k | €673 | €337 | - | - | - |
| Furniture and vehicles24 | €22k | €11k | €159 | €3k | €1k | ▼ 43.4% |
| Leasing and similar rights25 | €206k | €191k | €177k | €162k | €147k | ▼ 9.1% |
| Other tangible fixed assets26 | €10k | €9k | €8k | €6k | €5k | ▼ 17.9% |
| Assets under construction and advance payments27 | - | - | €359k | - | - | - |
| Current assets29/58 | €1.09M | €1.29M | €927k | €1.17M | €1.28M | ▲ 9.3% |
| Amounts receivable within one year40/41 | €31k | €26k | €49k | €41k | €25k | ▼ 38.8% |
| Trade receivables40 | €29k | €26k | €24k | €37k | €25k | ▼ 32.9% |
| Other amounts receivable41 | €2k | - | €25k | €4k | - | - |
| Current investments50/53 | - | €10k | €456k | €736k | €1.08M | ▲ 46.2% |
| Cash at bank and in hand54/58 | €1.05M | €1.25M | €418k | €388k | €175k | ▼ 54.9% |
| Deferred charges and accrued income490/1 | €2k | €1k | €4k | €6k | €4k | ▼ 27.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.32M | €1.50M | €1.47M | €1.65M | €1.73M | ▲ 5.1% |
| Equity10/15 | €1.25M | €1.42M | €1.42M | €1.50M | €1.68M | ▲ 12.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €1.23M | €1.40M | €1.40M | €1.48M | €1.66M | ▲ 12.1% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €431k | €199k | €3k | €3k | €3k | = |
| Distributable reserves133 | €797k | €1.20M | €1.40M | €1.48M | €1.66M | ▲ 12.1% |
| Amounts payable17/49 | €75k | €83k | €51k | €149k | €53k | ▼ 64.3% |
| Amounts payable within one year42/48 | €74k | €80k | €48k | €146k | €51k | ▼ 65.0% |
| Trade debts44 | €7k | €15k | €1k | €2k | €4k | ▲ 121% |
| Suppliers440/4 | €7k | €15k | €1k | €2k | €4k | ▲ 121% |
| Taxes, remuneration and social security45 | €19k | €58k | €41k | €48k | €39k | ▼ 18.7% |
| Taxes450/3 | €18k | €57k | €40k | €45k | €39k | ▼ 13.8% |
| Remuneration and social security454/9 | €900 | €900 | €250 | €3k | - | - |
| Other amounts payable47/48 | €47k | €8k | €6k | €96k | €8k | ▼ 91.5% |
| Accrued charges and deferred income492/3 | €2k | €3k | €3k | €3k | €2k | ▼ 30.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €140k | €169k | €158k | €170k | €179k | ▲ 5.8% |
| + Depreciation and write-downs630 | €27k | €27k | €27k | €63k | €26k | ▼ 59.7% |
| Operating cash flow (approximation) | €168k | €197k | €185k | €233k | €205k | ▼ 12.0% |
| Investment in fixed assets (approximation) | - | €-446 | €-359k | €3k | €0 | ▼ 100% |
| Change in cash | - | €199k | €-834k | €-29k | €-213k | ▼ 624% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity triplescurrent ratio 25.08
Current ratio from 8.03 to 25.08; short-term debt falls from €146k to €51k.
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €140k ▼36.2%
Net result drops to €140k, the lowest in the series; recovery starts the following year.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-09
Financial
Highest result since 2018net €220k ▲12.4%
Operating result €318k, net result €220k, both a record.
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oosterzele · 1 establishment unit since 2008
Ground area
1,688 m²
Building footprint
164 m²
Volume, LiDAR
907 m³
Parcel 44059B0469/00R000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EFCEE
since 20082.174.289.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44059B0469/00R000 | Flanders | 1,688 m² | 1 · 164 m² | 8.5 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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 22,152 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
Founded24-10-2008
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
efcee@skynet.beOosterzele
Phone
092450653Oosterzele
Scores and ratios are computed by Checked and are not a credit decision.