EFE-20
ActiveThe computed 12-month bankruptcy probability of EFE-20 is 1.8% (moderate). The 2024 annual accounts show equity of €124k and a net result of €25k. Equity is growing by ~60.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 18942 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-12
Solvency57▼-26
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 2.27 in 2023; short-term debt: 36% and cash: 8.1% of total assets), and 68.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
23 d early
2022
24 d early
2021
31 d late
2020
45 d late
2019
137 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€124k▲ 25.5%
2023 · €99k
2018: €-38k
2019: €-46k
2020: €-35k
2021: €5k
2022: €71k
2023: €99k
2018 → 2024
Total assets
€393k▲ 130%
2023 · €171k
2018: €103k
2019: €100k
2020: €105k
2021: €146k
2022: €173k
2023: €171k
2018 → 2024
Net result
€25k▼ 9.6%
2023 · €28k
2018: €-52k
2019: €-8k
2020: €11k
2021: €40k
2022: €66k
2023: €28k
2018 → 2024
Working capital
€61k▼ 28.2%
2023 · €85k
2018: €-57k
2019: €-57k
2020: €-40k
2021: €-7k
2022: €60k
2023: €85k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-35k-€5k€71k▲ 1,223%€99k▲ 39.3%€124k▲ 25.5%
Operating result€17k-€62k▲ 275%€104k▲ 68.2%€56k▼ 46.4%€45k▼ 20.2%
Net result€11k-€40k▲ 257%€66k▲ 62.4%€28k▼ 57.5%€25k▼ 9.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393k
Fixed assets
€190k▲ 920%
Current assets
€203k▲ 33.1%
Equity and liabilities €393k
Equity
€124k▲ 25.5%
Debt
€269k▲ 274%
The debt ratio rises from 42.1% to 68.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€52k▼
2023 · €62k
Cash flow
€33k▼
2023 · €34k
Solvency
31.6%▼
2023 · 57.9%
Current ratio
1.43▼
2023 · 2.27
Quick ratio
1.39▼
2023 · 2.19
Debt / equity
2.16▲
2023 · 0.73
ROE
20.3%▼
2023 · 28.2%
ROA
6.4%▼
2023 · 16.3%
Interest coverage
9.14▼
2023 · 9.75
Debt
€269k▲
2023 · €72k
Debt ≤ 1 year
€141k▲
2023 · €67k
Debt > 1 year
€127k▲
2023 · €5k
Income taxes
€14k▼
2023 · €22k
Staff costs
€44k▼
2023 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€171k€393k▲
Fixed assets21/28€19k€190k▲
Tangible fixed assets22/27€16k€174k▲
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€11k€169k▲
Leasing and similar rights25€400€100▼
Financial fixed assets28€3k€16k▲
Current assets29/58€152k€203k▲
Amounts receivable after more than one year29€54k€54k=
Other amounts receivable291€54k€54k=
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Amounts receivable within one year40/41€27k€111k▲
Trade receivables40-€970
Other amounts receivable41€27k€110k▲
Cash at bank and in hand54/58€65k€32k▼
Deferred charges and accrued income490/1€747-
Equity and liabilities
Total equity and liabilities10/49€171k€393k▲
Equity10/15€99k€124k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Share premium1100/10€19k-
Other1109/19-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€79k€104k▲
Amounts payable17/49€72k€269k▲
Amounts payable after more than one year17€5k€127k▲
Financial debts170/4€5k€127k▲
Amounts payable within one year42/48€67k€141k▲
Current portion of amounts payable after more than one year42€3k€21k▲
Trade debts44€2k€59k▲
Suppliers440/4€2k€59k▲
Taxes, remuneration and social security45€62k€61k▼
Taxes450/3€53k€52k▼
Remuneration and social security454/9€8k€9k▲
Income statement
Code20232024
Remuneration, social security and pensions62€44k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€642€793▲
Gross operating margin9900€107k€98k▼
Operating profit (loss)9901€56k€45k▼
Financial income75/76B€10-
Recurring financial income75€10-
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€50k€39k▼
Income taxes67/77€22k€14k▼
Profit (loss) for the period9904€28k€25k▼
Profit (loss) for the period to be appropriated9905€28k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€104k▲
Profit (loss) brought forward from the previous period14P€51k€79k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Equity above €100kEq €124k ▲25.5%
5 profitable years in a row build equity to €124k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €66k ▲62.4%
Operating result €104k, net result €66k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
03-07
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.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
04-08-2021
BAHADAR Kerim: Resigned as Director
31-12-2018
LIMON EMINE: Resigned as Manager
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergensesteenweg 421/13-0901600 Sint-Pieters-LeeuwGround area
8,520 m²
Building footprint
1,496 m²
Volume, LiDAR
1,535 m³
2 parcels, Flanders, Wallonia · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée Impériale 36, 6060 Charleroi
since 20152.250.534.810
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | - |
| 52026D0481/00G002indicative | Wallonia | 208 m² | 1 · 166 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.250.534.810
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,310 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2015
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.