EFES GROUP
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 3 filings
Turnover
≈ €230,000
Estimated: probably between €170,000 and €300,000
Total assets
€54,208▲ 23.6%
2024 · €43,860
Net result
€1,348▼ 69.4%
2024 · €4,407
Working capital
-€6,098▼ 61.6%
2024 · -€3,774
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€2,488
▼ 60.4%
2025
20232025
Net result
€1,348
▼ 69.4%
2025
middle half of the sector
20232025
Equity
€30,907
▲ 4.6%
2025
middle half of the sector
20232025
Total assets
€54,208
▲ 23.6%
2025
middle half of the sector
20232025
Debt
€23,301
▲ 62.9%
2025
20232025
Working capital
-€6,098
▼ 61.6%
2025
middle half of the sector
20232025
Solvency
57.0%
▼ 10.4pp
2025
middle half of the sector
20232025
Current ratio
0.74
=
2025
middle half of the sector
20232025
Return on assets (ROA)
2.5%
▼ 7.6pp
2025
middle half of the sector
20232025
Staff (FTE)
1.7
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€15,873-€6,286▼ 60.4%€2,488▼ 60.4%
Net result€10,924within the sector's middle half-€4,407within the sector's middle half▼ 59.7%€1,348within the sector's middle half▼ 69.4%
Equity€24,924within the sector's middle half-€29,559within the sector's middle half▲ 18.6%€30,907within the sector's middle half▲ 4.6%
Total assets€45,487below the sector's middle half-€43,860below the sector's middle half▼ 3.6%€54,208within the sector's middle half▲ 23.6%
Debt€20,563-€14,300▼ 30.5%€23,301▲ 62.9%
Working capital€16,424within the sector's middle half--€3,774within the sector's middle half-€6,098within the sector's middle half▼ 61.6%
Solvency54.8%within the sector's middle half-67.4%above the sector's middle half▲ 12.6pp57.0%within the sector's middle half▼ 10.4pp
Current ratio1.80within the sector's middle half-0.74within the sector's middle half▼ 1.060.74within the sector's middle half=
Return on assets (ROA)24.0%above the sector's middle half-10.0%within the sector's middle half▼ 14.0pp2.5%within the sector's middle half▼ 7.6pp
Staff (FTE)1.7
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 2025 is 60% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,208
Fixed assets
€37,005 ▲ 11.0%
Current assets
€17,203 ▲ 63.4%
Equity and liabilities €54,208
Equity
€30,907 ▲ 4.6%
Debt
€23,301 ▲ 62.9%
Debt's share of the balance-sheet total rises from 32.6% to 43.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,017▼
2024 · €9,452
Cash flow
€3,877▼
2024 · €7,573
Quick ratio
0.61▼
2024 · 0.67
Debt to equity
0.75▲
2024 · 0.48
ROE
4.4%▼
2024 · 14.9%
Interest coverage
16.11▼
2024 · 55.55
Debt ≤ 1 year
€23,301▲
2024 · €14,300
Income taxes
€829▼
2024 · €1,709
Staff costs
€36,360▲
2024 · €3,890
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| part-time | 2 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.8 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €7,000 | - | €6,200 |
| Intangible fixed assets | €5,000 | - | - |
| Financial fixed assets | - | €28,000 | - |
| Depreciation and write-downs of the year | €3,500 | €3,167 | €2,529 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,890 | €36,360 | ▲ 835% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,500 | €3,167 | €2,529 | ▼ 20.1% |
| Non-recurring operating charges66A | €189 | €162 | €63 | ▼ 60.9% |
| Gross operating margin9900 | €19,562 | €13,504 | €41,440 | ▲ 207% |
| Operating profit (loss)9901 | €15,873 | €6,286 | €2,488 | ▼ 60.4% |
| Financial income75/76B | €1 | €0 | - | - |
| Recurring financial income75 | €1 | €0 | - | - |
| Financial charges65/66B | €66 | €170 | €312 | ▲ 83.1% |
| Recurring financial charges65 | €66 | €170 | €312 | ▲ 83.1% |
| Profit (loss) for the period before taxes9903 | €15,808 | €6,115 | €2,177 | ▼ 64.4% |
| Income taxes67/77 | €4,884 | €1,709 | €829 | ▼ 51.5% |
| Profit (loss) for the period9904 | €10,924 | €4,407 | €1,348 | ▼ 69.4% |
| Profit (loss) for the period to be appropriated9905 | €10,924 | €4,407 | €1,348 | ▼ 69.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €45,487 | €43,860 | €54,208 | ▲ 23.6% |
| Fixed assets21/28 | €8,500 | €33,333 | €37,005 | ▲ 11.0% |
| Intangible fixed assets21 | €3,750 | €2,667 | €1,667 | ▼ 37.5% |
| Tangible fixed assets22/27 | €4,750 | €2,667 | €7,338 | ▲ 175% |
| Plant, machinery and equipment23 | - | - | €1,068 | - |
| Furniture and vehicles24 | €4,750 | €2,667 | €6,269 | ▲ 135% |
| Financial fixed assets28 | - | €28,000 | €28,000 | = |
| Current assets29/58 | €36,987 | €10,526 | €17,203 | ▲ 63.4% |
| Stocks and contracts in progress3 | €885 | €885 | €2,927 | ▲ 231% |
| Stocks30/36 | €885 | €885 | €2,927 | ▲ 231% |
| Amounts receivable within one year40/41 | €14,722 | €7,530 | €12,055 | ▲ 60.1% |
| Trade receivables40 | €12,042 | €4,662 | €9,375 | ▲ 101% |
| Other amounts receivable41 | €2,680 | €2,868 | €2,680 | ▼ 6.5% |
| Cash at bank and in hand54/58 | €21,380 | €2,111 | €1,137 | ▼ 46.1% |
| Deferred charges and accrued income490/1 | - | - | €1,084 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €45,487 | €43,860 | €54,208 | ▲ 23.6% |
| Equity10/15 | €24,924 | €29,559 | €30,907 | ▲ 4.6% |
| Contributions10/11 | €14,000 | €14,000 | €14,000 | = |
| Reserves13 | €11,000 | €11,000 | €11,000 | = |
| Distributable reserves133 | €11,000 | €11,000 | €11,000 | = |
| Profit (loss) carried forward14 | -€76 | €4,559 | €5,907 | ▲ 29.6% |
| Amounts payable17/49 | €20,563 | €14,300 | €23,301 | ▲ 62.9% |
| Amounts payable within one year42/48 | €20,563 | €14,300 | €23,301 | ▲ 62.9% |
| Trade debts44 | €14,391 | €7,105 | €10,374 | ▲ 46.0% |
| Suppliers440/4 | €14,391 | €7,105 | €10,374 | ▲ 46.0% |
| Taxes, remuneration and social security45 | €6,172 | €7,196 | €12,093 | ▲ 68.1% |
| Taxes450/3 | €6,172 | €7,196 | €3,744 | ▼ 48.0% |
| Remuneration and social security454/9 | - | - | €8,349 | - |
| Other amounts payable47/48 | - | - | €834 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,924 | €4,407 | €1,348 | ▼ 69.4% |
| + Depreciation and write-downs630 | €3,500 | €3,167 | €2,529 | ▼ 20.1% |
| Operating cash flow (approximation) | €14,424 | €7,573 | €3,877 | ▼ 48.8% |
| Investment in fixed assets (approximation) | - | -€28,000 | -€6,200 | ▲ 77.9% |
| Change in cash | - | -€19,269 | -€974 | ▲ 94.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.