EFES
BankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 15 days after the deadline Filed on 15 May 2024, deadline 30 April 2024 (7 months after the close on 30 September 2023, Companies Code art. 3:10). Source: NBB, 2024-00089880.
Annual accounts 2023 filed on 15-05-2024 PDF all 18 filings
Turnover
€7,828▼ 97.7%
2022 · €346,459
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€19,059
2022 · €8,158
Working capital
€871▼ 95.6%
2022 · €19,929
Multi-year overview
2019 to 2023, 5 financial yearsTurnover
€7,828
▼ 97.7%
2023
20192023
Operating result
-€22,322
▼ 961%
2023
20192023
Net result
-€19,059
2023
lowest quarter of the sector
20192023
Equity
€4,416
▼ 81.2%
2023
lowest quarter of the sector
20192023
Total assets
€66,479
▼ 29.2%
2023
lowest quarter of the sector
20192023
Debt
€62,063
▼ 11.9%
2023
20192023
Working capital
€871
▼ 95.6%
2023
middle half of the sector
20192023
Solvency
6.6%
▼ 18.3pp
2023
middle half of the sector
20192023
Current ratio
1.01
▼ 0.27
2023
middle half of the sector
20192023
Return on assets (ROA)
-28.7%
▼ 37.4pp
2023
lowest quarter of the sector
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Turnover€661,774-€670,774▲ 1.4%€580,688▼ 13.4%€346,459▼ 40.3%€7,828▼ 97.7%
Operating result-€6,496--€50▲ 99.2%€1,949-€2,104-€22,322▼ 961%
Net result-€1,856--€11,531below the sector's middle half▼ 521%€639within the sector's middle half€8,158within the sector's middle half▲ 13×-€19,059below the sector's middle half
Equity€26,209-€14,678within the sector's middle half▼ 44.0%€15,317within the sector's middle half▲ 4.4%€23,474within the sector's middle half▲ 53.3%€4,416below the sector's middle half▼ 81.2%
Total assets€140,714-€143,820within the sector's middle half▲ 2.2%€147,564within the sector's middle half▲ 2.6%€93,959within the sector's middle half▼ 36.3%€66,479below the sector's middle half▼ 29.2%
Debt€114,505-€129,142▲ 12.8%€132,247▲ 2.4%€70,485▼ 46.7%€62,063▼ 11.9%
Working capital-€2,630-€383within the sector's middle half€11,402within the sector's middle half▲ 30×€19,929within the sector's middle half▲ 74.8%€871within the sector's middle half▼ 95.6%
Solvency18.6%-10.2%within the sector's middle half▼ 8.4pp10.4%within the sector's middle half▲ 0.2pp25.0%within the sector's middle half▲ 14.6pp6.6%within the sector's middle half▼ 18.3pp
Current ratio0.97-1.00within the sector's middle half▲ 0.031.11within the sector's middle half▲ 0.101.28within the sector's middle half▲ 0.181.01within the sector's middle half▼ 0.27
Return on assets (ROA)-1.3%--8.0%below the sector's middle half▼ 6.7pp0.4%within the sector's middle half▲ 8.5pp8.7%within the sector's middle half▲ 8.2pp-28.7%below the sector's middle half▼ 37.4pp
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €22,322, larger than the loss of €2,104 in 2022. It is the lowest result since 2019.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €66,479
Fixed assets
€3,545 =
Current assets
€62,934 ▼ 30.4%
Equity and liabilities €66,479
Equity
€4,416 ▼ 81.2%
Debt
€62,063 ▼ 11.9%
Debt's share of the balance-sheet total rises from 75.0% to 93.4%. Equity and debt are lower.
Key figures and ratios
Debt to equity
14.06▲
2022 · 3.00
ROE
-431.6%▼
2022 · 34.8%
Debt ≤ 1 year
€62,063▼
2022 · €70,485
Customer credit
2822 days▲
2022 · 88 days
Supplier credit
93 days▼
2022 · 97 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €661,774 | €670,774 | €580,688 | €346,459 | €7,828 | ▼ 97.7% |
| Non-recurring operating income76A | - | - | €589 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €217,369 | €136,981 | €28,220 | ▼ 79.4% |
| Remuneration, social security and pensions62 | - | - | €343,550 | €208,386 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,862 | €14,544 | €10,380 | €370 | - | - |
| Other operating charges640/8 | - | - | €4,826 | €2,826 | €1,930 | ▼ 31.7% |
| Non-recurring operating charges66A | - | - | €3,417 | - | - | - |
| Gross operating margin9900 | €335,482 | €391,061 | €364,122 | €209,478 | -€20,392 | - |
| Operating profit (loss)9901 | -€6,496 | -€50 | €1,949 | -€2,104 | -€22,322 | ▼ 961% |
| Financial income75/76B | - | - | - | €12,132 | €11,009 | ▼ 9.3% |
| Recurring financial income75 | - | €21 | - | €12,132 | €11,009 | ▼ 9.3% |
| Non-recurring financial income76B | - | - | - | €12,132 | €11,009 | ▼ 9.3% |
| Financial charges65/66B | - | - | €1,310 | €1,870 | €7,745 | ▲ 314% |
| Recurring financial charges65 | €3,299 | €2,122 | €1,310 | €1,134 | €1,293 | ▲ 14.0% |
| Non-recurring financial charges66B | - | - | - | €736 | €6,452 | ▲ 777% |
| Profit (loss) for the period before taxes9903 | -€918 | -€2,648 | €639 | €8,158 | -€19,059 | - |
| Income taxes67/77 | €938 | €8,883 | - | - | - | - |
| Profit (loss) for the period9904 | -€1,856 | -€11,531 | €639 | €8,158 | -€19,059 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,856 | -€11,531 | €639 | €8,158 | -€19,059 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,714 | €143,820 | €147,564 | €93,959 | €66,479 | ▼ 29.2% |
| Fixed assets21/28 | €52,839 | €38,295 | €27,915 | €3,545 | €3,545 | = |
| Tangible fixed assets22/27 | €25,294 | €10,750 | €370 | - | - | - |
| Furniture and vehicles24 | - | - | €370 | - | - | - |
| Financial fixed assets28 | €27,545 | €27,545 | €27,545 | €3,545 | €3,545 | = |
| Current assets29/58 | €87,875 | €105,525 | €119,649 | €90,414 | €62,934 | ▼ 30.4% |
| Amounts receivable within one year40/41 | €52,120 | €98,511 | €113,082 | €86,204 | €60,528 | ▼ 29.8% |
| Trade receivables40 | - | - | €103,382 | €83,901 | €60,528 | ▼ 27.9% |
| Other amounts receivable41 | - | - | €9,700 | €2,303 | - | - |
| Cash at bank and in hand54/58 | €35,755 | €7,014 | €6,567 | €4,210 | €2,406 | ▼ 42.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,714 | €143,820 | €147,564 | €93,959 | €66,479 | ▼ 29.2% |
| Equity10/15 | €26,209 | €14,678 | €15,317 | €23,474 | €4,416 | ▼ 81.2% |
| Contributions10/11 | €17,608 | - | €17,608 | €17,608 | €17,608 | = |
| Contributions outside capital11 | - | - | €17,608 | €17,608 | €17,608 | = |
| Other1109/19 | - | - | €17,608 | €17,608 | €17,608 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €6,741 | -€4,790 | -€4,151 | €4,007 | -€15,052 | - |
| Amounts payable17/49 | €114,505 | €129,142 | €132,247 | €70,485 | €62,063 | ▼ 11.9% |
| Amounts payable after more than one year17 | €24,000 | €24,000 | €24,000 | - | - | - |
| Other amounts payable178/9 | - | - | €24,000 | - | - | - |
| Amounts payable within one year42/48 | €90,505 | €105,142 | €108,247 | €70,485 | €62,063 | ▼ 11.9% |
| Trade debts44 | €31,324 | €62,714 | €71,286 | €36,379 | €7,163 | ▼ 80.3% |
| Suppliers440/4 | - | - | €71,286 | €36,379 | €7,163 | ▼ 80.3% |
| Advances received on contracts in progress46 | - | - | - | €6,800 | €38,800 | ▲ 471% |
| Taxes, remuneration and social security45 | - | - | €36,961 | €27,306 | €13,987 | ▼ 48.8% |
| Taxes450/3 | - | - | €13,679 | €10,187 | €13,987 | ▲ 37.3% |
| Remuneration and social security454/9 | - | - | €23,282 | €17,119 | - | - |
| Other amounts payable47/48 | - | - | - | - | €2,113 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,856 | -€11,531 | €639 | €8,158 | -€19,059 | - |
| + Depreciation and write-downs630 | €32,862 | €14,544 | €10,380 | €370 | - | - |
| Operating cash flow (approximation) | €31,006 | €3,013 | €11,019 | €8,528 | -€19,059 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €24,000 | €0 | ▼ 100% |
| Change in cash | - | -€28,741 | -€447 | -€2,357 | -€1,804 | ▲ 23.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 15-05-2024 | 2024-00089880 | |
| 30-09-2022 | micro format | 19-06-2023 | 2023-00141804 | |
| 30-09-2021 | micro format | 12-05-2022 | 2022-20026635 | |
| 30-09-2020 | micro format | 03-08-2021 | 2021-45800219 | |
| 30-09-2019 | full format | 30-04-2020 | 2020-10800517 | |
| 30-09-2018 | full format | 22-05-2019 | 2019-14100569 | |
| 30-09-2017 | full format | 30-04-2018 | 2018-11300509 | |
| 30-09-2016 | full format | 31-03-2017 | 2017-08400442 | |
| 30-09-2015 | full format | 12-02-2016 | 2016-04400019 | |
| 30-09-2014 | full format | 23-02-2015 | 2015-04800322 |