EFFERVES'CENSE
ActiveSummary
EFFERVES'CENSE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160,653 and a net result of €3,738. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+3
Solvency46▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.02 in 2024; short-term debt: 12.2% and cash: 8.5% of total assets), and 78.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
21.1%
Return on assets
0.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 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 · 10 filingsDeviation from the deadline
2025
23 d late
2024
28 d late
2023
51 d late
2022
25 d late
2021
19 d late
2020
139 d late
2019
32 d late
← 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 45 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,738
2024 · -€14,531
Working capital
€30,316▲ 1,243%
2024 · €2,258
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€18,887▼ 19.7%€28,093▲ 48.7%-€9,111-€2,304▲ 74.7%€3,971
Net result€16,642▲ 18.8%€25,233▲ 51.6%-€16,163-€14,531▲ 10.1%€3,738
Equity€105,861▲ 14.2%€127,584▲ 20.5%€107,911▼ 15.4%€89,415▼ 17.1%€160,653▲ 79.7%
Total assets€659,669▼ 4.9%€848,875▲ 28.7%€890,552▲ 4.9%€780,215▼ 12.4%€760,479▼ 2.5%
Debt€549,724▼ 7.6%€719,015▲ 30.8%€782,173▲ 8.8%€690,800▼ 11.7%€599,826▼ 13.2%
Working capital€89,645▲ 17.0%€191,538▲ 114%€147,689▼ 22.9%€2,258▼ 98.5%€30,316▲ 1,243%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,971 after a loss of €2,304 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €760,479
Fixed assets
€637,433 ▼ 7.1%
Current assets
€123,046 ▲ 30.6%
Equity and liabilities €760,479
Equity
€160,653 ▲ 79.7%
Debt
€599,826 ▼ 13.2%
Debt's share of the balance-sheet total falls from 88.5% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114,667▲
2024 · €99,154
Cash flow
€114,434▲
2024 · €86,928
Current ratio
1.33▲
2024 · 1.02
Debt to equity
3.73▼
2024 · 7.73
ROE
2.3%▲
2024 · -16.3%
ROA
0.5%▲
2024 · -1.9%
Interest coverage
14.37▲
2024 · 7.26
Debt ≤ 1 year
€92,730▲
2024 · €91,962
Debt > 1 year
€507,096▼
2024 · €598,838
Income taxes
€105▼
2024 · €3,710
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,098 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 4,098 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,591 | €63,872 | €97,692 | €101,458 | €110,696 | ▲ 9.1% |
| Other operating charges640/8 | €2,799 | €2,868 | €3,578 | €3,450 | €2,794 | ▼ 19.0% |
| Non-recurring operating charges66A | €23,295 | - | - | - | - | - |
| Gross operating margin9900 | €108,572 | €94,833 | €92,159 | €102,604 | €117,461 | ▲ 14.5% |
| Operating profit (loss)9901 | €18,887 | €28,093 | -€9,111 | -€2,304 | €3,971 | ▲ 272% |
| Financial income75/76B | €3,510 | €3,510 | €3,739 | €4,665 | €7,849 | ▲ 68.3% |
| Recurring financial income75 | €3,510 | €3,510 | €3,739 | €4,665 | €7,849 | ▲ 68.3% |
| Financial charges65/66B | €7,562 | €6,166 | €12,599 | €13,650 | €7,977 | ▼ 41.6% |
| Recurring financial charges65 | €7,562 | €6,166 | €12,599 | €13,650 | €7,977 | ▼ 41.6% |
| Profit (loss) for the period before taxes9903 | €14,835 | €25,436 | -€17,970 | -€11,289 | €3,843 | ▲ 134% |
| Transfer from deferred taxes780 | €1,807 | €1,807 | €1,807 | €469 | - | - |
| Income taxes67/77 | - | €2,011 | - | €3,710 | €105 | ▼ 97.2% |
| Profit (loss) for the period9904 | €16,642 | €25,233 | -€16,163 | -€14,531 | €3,738 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €16,642 | €25,233 | -€16,163 | -€14,531 | €3,738 | ▲ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €659,669 | €848,875 | €890,552 | €780,215 | €760,479 | ▼ 2.5% |
| Fixed assets21/28 | €499,016 | €582,530 | €649,555 | €685,996 | €637,433 | ▼ 7.1% |
| Tangible fixed assets22/27 | €499,016 | €582,530 | €649,555 | €685,996 | €637,433 | ▼ 7.1% |
| Land and buildings22 | €470,442 | €560,296 | €641,354 | €656,635 | €592,736 | ▼ 9.7% |
| Plant, machinery and equipment23 | €27,133 | €17,132 | €4,362 | €20,623 | €38,518 | ▲ 86.8% |
| Furniture and vehicles24 | €1,442 | €5,102 | €3,839 | €8,738 | €6,179 | ▼ 29.3% |
| Current assets29/58 | €160,652 | €266,345 | €240,998 | €94,220 | €123,046 | ▲ 30.6% |
| Amounts receivable within one year40/41 | €42,073 | €13,576 | €46,115 | €27,868 | €58,569 | ▲ 110% |
| Trade receivables40 | €32,895 | - | €18,730 | - | €22,191 | - |
| Other amounts receivable41 | €9,178 | €13,576 | €27,385 | €27,868 | €36,378 | ▲ 30.5% |
| Cash at bank and in hand54/58 | €118,580 | €252,769 | €194,883 | €66,352 | €64,477 | ▼ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €659,669 | €848,875 | €890,552 | €780,215 | €760,479 | ▼ 2.5% |
| Equity10/15 | €105,861 | €127,584 | €107,911 | €89,415 | €160,653 | ▲ 79.7% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | - | - | - | - |
| Issued capital100 | €100,000 | €100,000 | - | - | - | - |
| Outside capital11 | - | - | €100,000 | €100,000 | - | - |
| Other1109/19 | - | - | €100,000 | €100,000 | - | - |
| Reserves13 | - | €20,109 | €20,109 | €20,109 | €20,109 | = |
| Distributable reserves133 | - | €20,109 | €20,109 | €20,109 | €20,109 | = |
| Profit (loss) carried forward14 | -€5,123 | - | -€16,163 | -€30,694 | -€26,956 | ▲ 12.2% |
| Investment grants15 | €10,984 | €7,475 | €3,965 | - | €67,500 | - |
| Provisions and deferred taxes16 | €4,083 | €2,276 | €469 | - | - | - |
| Deferred taxes168 | €4,083 | €2,276 | €469 | - | - | - |
| Amounts payable17/49 | €549,724 | €719,015 | €782,173 | €690,800 | €599,826 | ▼ 13.2% |
| Amounts payable after more than one year17 | €478,196 | €644,208 | €688,864 | €598,838 | €507,096 | ▼ 15.3% |
| Financial debts170/4 | €478,196 | €544,208 | €588,864 | €498,838 | €407,096 | ▼ 18.4% |
| Other amounts payable178/9 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Amounts payable within one year42/48 | €71,008 | €74,807 | €93,309 | €91,962 | €92,730 | ▲ 0.8% |
| Current portion of amounts payable after more than one year42 | €69,521 | €70,359 | €85,682 | €90,026 | €90,550 | ▲ 0.6% |
| Trade debts44 | €34 | €984 | €6,174 | €1,913 | €2,158 | ▲ 12.8% |
| Suppliers440/4 | €34 | €984 | €6,174 | €1,913 | €2,158 | ▲ 12.8% |
| Taxes, remuneration and social security45 | - | €2,011 | - | - | - | - |
| Taxes450/3 | - | €2,011 | - | - | - | - |
| Other amounts payable47/48 | €1,453 | €1,453 | €1,453 | €22 | €22 | = |
| Accrued charges and deferred income492/3 | €521 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,642 | €25,233 | -€16,163 | -€14,531 | €3,738 | ▲ 126% |
| + Depreciation and write-downs630 | €63,591 | €63,872 | €97,692 | €101,458 | €110,696 | ▲ 9.1% |
| Operating cash flow (approximation) | €80,233 | €89,105 | €81,529 | €86,928 | €114,434 | ▲ 31.6% |
| Investment in fixed assets (approximation) | - | -€147,386 | -€164,717 | -€137,899 | -€62,133 | ▲ 54.9% |
| Change in cash | - | €134,189 | -€57,886 | -€128,531 | -€1,874 | ▲ 98.5% |
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
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
31-12
Financial
Back to profitnet €3,738
Net result €3,738 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €160,653 ▲79.7%
Equity rises from €89,415 to €160,653.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 51 days late
2023
31-12
Financial
Weakest financial yearnet -€16,163
Net result drops to -€16,163, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €25,233 ▲51.6%
Net result €25,233, the highest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
31-12
Financial
Equity above €100,000Eq €105,861 ▲14.2%
4 profitable years in a row build equity to €105,861.
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 139 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
Show earlier events
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Saint-Ghislain · 1 establishment unit since 2009
Ground area
4,611 m²
Building footprint
613 m²
Volume, LiDAR
3,028 m³
Parcel 53075E0699/00G000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CENSE DE LALOUETTE
since 20092.173.112.279
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53075E0699/00G000 | Wallonia | 4,611 m² | 1 · 613 m² | 8.6 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 4,579 companies in sector 82300 we hold annual accounts for 1,673. 1,270 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
Founded25-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899520194
Registered
20-11-2020
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.