EFDS
ActiveSummary
EFDS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185,590 and a net result of -€8,870. Equity is growing by ~39.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-27
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 7.37 against 2.97 in 2024; short-term debt: 8.5% and cash: 32.7% of total assets), and 8.5% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
31 d early
2023
48 d early
2022
31 d early
2021
3 d late
2020
43 d early
2019
50 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 33 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€185,590▼ 4.6%
2024 · €194,460
Total assets
€202,757▼ 19.2%
2024 · €250,999
Net result
-€8,870
2024 · €42,571
Working capital
€109,282▼ 1.9%
2024 · €111,389
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€4,604▼ 87.6%€114,746▲ 2,392%€32,203▼ 71.9%€58,480▲ 81.6%-€8,081
Net result€11,405▼ 59.7%€75,080▲ 558%€24,309▼ 67.6%€42,571▲ 75.1%-€8,870
Equity€75,919▲ 17.7%€150,356▲ 98.0%€174,666▲ 16.2%€194,460▲ 11.3%€185,590▼ 4.6%
Total assets€79,486▼ 4.8%€168,180▲ 112%€180,421▲ 7.3%€250,999▲ 39.1%€202,757▼ 19.2%
Debt€3,567▼ 81.2%€17,824▲ 400%€5,755▼ 67.7%€56,539▲ 882%€17,167▼ 69.6%
Working capital€67,198▲ 30.5%€144,089▲ 114%€110,768▼ 23.1%€111,389▲ 0.6%€109,282▼ 1.9%
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 €8,081 after €58,480 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202,757
Fixed assets
€76,308 ▼ 8.1%
Current assets
€126,450 ▼ 24.7%
Equity and liabilities €202,757
Equity
€185,590 ▼ 4.6%
Debt
€17,167 ▼ 69.6%
Debt's share of the balance-sheet total falls from 22.5% to 8.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,682▼
2024 · €78,331
Cash flow
€13,893▼
2024 · €62,422
Current ratio
7.37▲
2024 · 2.97
Quick ratio
5.51▲
2024 · 2.26
Debt to equity
0.09▼
2024 · 0.29
ROE
-4.8%▼
2024 · 21.9%
ROA
-4.4%▼
2024 · 17.0%
Interest coverage
18.60▼
2024 · 539.69
Debt ≤ 1 year
€17,167▼
2024 · €56,539
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 12,304 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,800 | €13,926 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,551 | €4,503 | €13,052 | €19,851 | €22,763 | ▲ 14.7% |
| Other operating charges640/8 | €372 | €237 | €681 | €380 | €408 | ▲ 7.2% |
| Gross operating margin9900 | €10,527 | €119,486 | €45,936 | €78,711 | €15,090 | ▼ 80.8% |
| Operating profit (loss)9901 | €4,604 | €114,746 | €32,203 | €58,480 | -€8,081 | ▼ 114% |
| Financial income75/76B | €2,748 | €399 | €255 | €503 | - | - |
| Recurring financial income75 | €2,748 | €399 | €255 | €503 | - | - |
| Financial charges65/66B | €1,229 | €871 | €246 | €145 | €789 | ▲ 444% |
| Recurring financial charges65 | €1,229 | €871 | €246 | €145 | €789 | ▲ 444% |
| Profit (loss) for the period before taxes9903 | €6,123 | €114,274 | €32,212 | €58,838 | -€8,870 | ▼ 115% |
| Income taxes67/77 | -€5,282 | €39,193 | €7,902 | €16,267 | - | - |
| Profit (loss) for the period9904 | €11,405 | €75,080 | €24,309 | €42,571 | -€8,870 | ▼ 121% |
| Profit (loss) for the period to be appropriated9905 | €11,405 | €75,080 | €24,309 | €42,571 | -€8,870 | ▼ 121% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,486 | €168,180 | €180,421 | €250,999 | €202,757 | ▼ 19.2% |
| Fixed assets21/28 | €8,722 | €6,268 | €63,897 | €83,071 | €76,308 | ▼ 8.1% |
| Tangible fixed assets22/27 | €8,722 | €6,268 | €63,897 | €83,071 | €76,308 | ▼ 8.1% |
| Land and buildings22 | - | - | €1,400 | €2,313 | €2,048 | ▼ 11.5% |
| Plant, machinery and equipment23 | €1,128 | €564 | €13,484 | €10,651 | €16,353 | ▲ 53.5% |
| Furniture and vehicles24 | €7,594 | €5,704 | €49,013 | €70,106 | €57,907 | ▼ 17.4% |
| Current assets29/58 | €70,764 | €161,912 | €116,523 | €167,929 | €126,450 | ▼ 24.7% |
| Stocks and contracts in progress3 | €11,067 | €70,862 | €60,217 | €40,015 | €31,826 | ▼ 20.5% |
| Stocks30/36 | €11,067 | €5,862 | €5,217 | €25,015 | €12,500 | ▼ 50.0% |
| Contracts in progress37 | - | €65,000 | €55,000 | €15,000 | €19,326 | ▲ 28.8% |
| Amounts receivable within one year40/41 | €24,386 | €84,074 | €8,624 | €16,248 | €28,283 | ▲ 74.1% |
| Trade receivables40 | €8,984 | €79,050 | €542 | €2,350 | €16,498 | ▲ 602% |
| Other amounts receivable41 | €15,402 | €5,024 | €8,082 | €13,898 | €11,785 | ▼ 15.2% |
| Cash at bank and in hand54/58 | €35,312 | €6,975 | €47,682 | €111,666 | €66,341 | ▼ 40.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,486 | €168,180 | €180,421 | €250,999 | €202,757 | ▼ 19.2% |
| Equity10/15 | €75,919 | €150,356 | €174,666 | €194,460 | €185,590 | ▼ 4.6% |
| Contributions10/11 | €6,197 | €6,197 | €6,205 | €6,205 | €6,205 | = |
| Reserves13 | €69,722 | €144,159 | €168,461 | €188,255 | €179,887 | ▼ 4.4% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €67,863 | €142,300 | €166,601 | €186,396 | €178,028 | ▼ 4.5% |
| Profit (loss) carried forward14 | - | - | - | - | -€503 | - |
| Amounts payable17/49 | €3,567 | €17,824 | €5,755 | €56,539 | €17,167 | ▼ 69.6% |
| Amounts payable within one year42/48 | €3,567 | €17,824 | €5,755 | €56,539 | €17,167 | ▼ 69.6% |
| Trade debts44 | €1,177 | €77 | €3,324 | €29,505 | - | - |
| Suppliers440/4 | €1,177 | €77 | €3,324 | €29,505 | - | - |
| Taxes, remuneration and social security45 | €1,141 | €17,104 | €2,431 | €5,396 | - | - |
| Taxes450/3 | €1,141 | €17,104 | €2,431 | €5,396 | - | - |
| Other amounts payable47/48 | €1,249 | €643 | - | €21,638 | €17,167 | ▼ 20.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,405 | €75,080 | €24,309 | €42,571 | -€8,870 | ▼ 121% |
| + Depreciation and write-downs630 | €5,551 | €4,503 | €13,052 | €19,851 | €22,763 | ▲ 14.7% |
| Operating cash flow (approximation) | €16,956 | €79,583 | €37,361 | €62,422 | €13,893 | ▼ 77.7% |
| Investment in fixed assets (approximation) | - | -€2,049 | -€70,681 | -€39,024 | -€16,000 | ▲ 59.0% |
| Change in cash | - | -€28,336 | €40,707 | €63,983 | -€45,325 | ▼ 171% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€8,870
Net result drops to -€8,870, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 7.37
Current ratio from 2.97 to 7.37; short-term debt falls from €56,539 to €17,167.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 20.25
Current ratio from 9.08 to 20.25; short-term debt falls from €17,824 to €5,755.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €75,080 ▲558%
Operating result €114,746, net result €75,080, both a record.
31-12
Financial
Equity above €150,000Eq €150,356 ▲98%
4 profitable years in a row build equity to €150,356.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Liquidity times 5current ratio 19.84
Current ratio from 3.90 to 19.84; short-term debt falls from €17,771 to €3,567.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Liquidity doublescurrent ratio 3.90
Current ratio from 1.68 to 3.90; short-term debt falls from €30,339 to €17,771.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €28,496
Net result €28,496 after one loss-making year.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kalmthout · 1 establishment unit since 1991
Ground area
1,005 m²
Building footprint
140 m²
Volume, LiDAR
595 m³
Parcel 11662E0633/00A000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Foxemaatstraat (Ab) 126, 2920 Kalmthout
since 19912.053.997.962
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0633/00A000 | Flanders | 1,005 m² | 1 · 140 m² | 5.5 m · 1 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 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,376 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
Founded02-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444646317
Also
9925:BE0444646317
Registered
27-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.