EFFERVESCENCE !
ActiveSummary
EFFERVESCENCE ! has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,179 and a net result of €31,109. Equity is growing by ~46.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency88▲+48
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.57 in 2024; short-term debt: 36.7% and cash: 46.2% of total assets), and 36.7% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
63.3%
Return on assets
57.6%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
2 d late
2024
2 d early
2023
27 d early
2022
15 d early
2021
28 d early
2020
72 d late
2019
32 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 4 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 16 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€34,179▲ 1,013%
2024 · €3,070
Total assets
€54,027▲ 157%
2024 · €21,042
Net result
€31,109▲ 516%
2024 · €5,052
Working capital
€24,711▲ 224%
2024 · €7,630
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,025€2,108▼ 73.7%€9,303▲ 341%€5,244▼ 43.6%€35,081▲ 569%
Net result€4,258within the sector's middle half€1,582below the sector's middle half▼ 62.9%€8,683within the sector's middle half▲ 449%€5,052within the sector's middle half▼ 41.8%€31,109within the sector's middle half▲ 516%
Equity-€12,246below the sector's middle half▲ 25.8%-€10,665below the sector's middle half▲ 12.9%-€1,982below the sector's middle half▲ 81.4%€3,070below the sector's middle half€34,179within the sector's middle half▲ 1,013%
Total assets€13,507below the sector's middle half▼ 55.6%€13,000below the sector's middle half▼ 3.8%€21,267below the sector's middle half▲ 63.6%€21,042below the sector's middle half▼ 1.1%€54,027below the sector's middle half▲ 157%
Debt€25,753▼ 45.1%€23,665▼ 8.1%€23,249▼ 1.8%€17,971▼ 22.7%€19,847▲ 10.4%
Working capital-€12,246below the sector's middle half▲ 35.6%-€10,665below the sector's middle half▲ 12.9%-€1,982below the sector's middle half▲ 81.4%€7,630within the sector's middle half€24,711within the sector's middle half▲ 224%
Solvency-90.7%below the sector's middle half▼ 36.4pp-82.0%below the sector's middle half▲ 8.6pp-9.3%below the sector's middle half▲ 72.7pp14.6%below the sector's middle half▲ 23.9pp63.3%within the sector's middle half▲ 48.7pp
Current ratio0.52below the sector's middle half▼ 0.070.55below the sector's middle half▲ 0.020.91below the sector's middle half▲ 0.371.57within the sector's middle half▲ 0.652.25within the sector's middle half▲ 0.68
Return on assets (ROA)31.5%above the sector's middle half▲ 101.0pp12.2%within the sector's middle half▼ 19.4pp40.8%above the sector's middle half▲ 28.7pp24.0%within the sector's middle half▼ 16.8pp57.6%above the sector's middle half▲ 33.6pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 569% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,027
Fixed assets
€9,468
Current assets
€44,558
Equity and liabilities €54,027
Equity
€34,179 ▲ 1,013%
Debt
€19,847 ▲ 10.4%
Debt's share of the balance-sheet total falls from 85.4% to 36.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35,116
Cash flow
€31,144
Debt to equity
0.58▼
2024 · 5.85
ROE
91.0%▼
2024 · 164.6%
Interest coverage
71.49
Debt ≤ 1 year
€19,847▲
2024 · €13,411
Income taxes
€3,485
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 | €2,514 | - | - | - | €35 | - |
| Other operating charges640/8 | - | - | - | €384 | - | - |
| Non-recurring operating charges66A | - | €15 | - | - | - | - |
| Gross operating margin9900 | €10,764 | €2,123 | €9,303 | €5,628 | €35,116 | ▲ 524% |
| Operating profit (loss)9901 | €8,025 | €2,108 | €9,303 | €5,244 | €35,081 | ▲ 569% |
| Financial income75/76B | - | €11 | - | - | €4 | - |
| Recurring financial income75 | - | €11 | - | - | €4 | - |
| Financial charges65/66B | - | €537 | €621 | €191 | €491 | ▲ 157% |
| Recurring financial charges65 | €3,621 | €537 | €621 | €191 | €491 | ▲ 157% |
| Profit (loss) for the period before taxes9903 | €4,404 | €1,582 | €8,683 | €5,052 | €34,594 | ▲ 585% |
| Income taxes67/77 | €145 | - | - | - | €3,485 | - |
| Profit (loss) for the period9904 | €4,258 | €1,582 | €8,683 | €5,052 | €31,109 | ▲ 516% |
| Profit (loss) for the period to be appropriated9905 | €4,258 | €1,582 | €8,683 | €5,052 | €31,109 | ▲ 516% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,507 | €13,000 | €21,267 | €21,042 | €54,027 | ▲ 157% |
| Fixed assets21/28 | - | - | - | - | €9,468 | - |
| Tangible fixed assets22/27 | - | - | - | - | €9,468 | - |
| Furniture and vehicles24 | - | - | - | - | €9,468 | - |
| Current assets29/58 | €13,507 | €13,000 | €21,267 | €21,042 | €44,558 | ▲ 112% |
| Amounts receivable within one year40/41 | €5,700 | €6,340 | €10,709 | €13,006 | €17,940 | ▲ 37.9% |
| Trade receivables40 | - | €6,340 | €10,709 | €13,006 | €17,940 | ▲ 37.9% |
| Cash at bank and in hand54/58 | €6,152 | €5,507 | €9,714 | €7,072 | €24,976 | ▲ 253% |
| Deferred charges and accrued income490/1 | - | €1,153 | €844 | €964 | €1,643 | ▲ 70.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,507 | €13,000 | €21,267 | €21,042 | €54,027 | ▲ 157% |
| Equity10/15 | -€12,246 | -€10,665 | -€1,982 | €3,070 | €34,179 | ▲ 1,013% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €13,368 | €13,368 | €13,368 | €13,368 | €13,368 | = |
| Non-distributable reserves130/1 | - | €2,899 | €2,899 | €2,899 | €2,899 | = |
| Reserves not available under the articles1311 | - | €2,899 | €2,899 | €2,899 | €2,899 | = |
| Tax-exempt reserves132 | - | €10,469 | €10,469 | €10,469 | €10,469 | = |
| Profit (loss) carried forward14 | -€44,215 | -€42,633 | -€33,950 | -€28,898 | €2,211 | ▲ 108% |
| Amounts payable17/49 | €25,753 | €23,665 | €23,249 | €17,971 | €19,847 | ▲ 10.4% |
| Amounts payable within one year42/48 | €25,753 | €23,665 | €23,249 | €13,411 | €19,847 | ▲ 48.0% |
| Trade debts44 | €3,292 | €5,959 | €992 | €2,360 | €8,275 | ▲ 251% |
| Suppliers440/4 | - | €5,959 | €992 | €2,360 | €8,275 | ▲ 251% |
| Taxes, remuneration and social security45 | - | €1,789 | €5,271 | €6,618 | €11,572 | ▲ 74.9% |
| Taxes450/3 | - | €1,015 | €4,374 | €4,330 | €9,284 | ▲ 114% |
| Remuneration and social security454/9 | - | €774 | €898 | €2,288 | €2,288 | = |
| Other amounts payable47/48 | - | €15,917 | €16,986 | €4,433 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €4,560 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,258 | €1,582 | €8,683 | €5,052 | €31,109 | ▲ 516% |
| + Depreciation and write-downs630 | €2,514 | - | - | - | €35 | - |
| Operating cash flow (approximation) | €6,772 | €1,582 | €8,683 | €5,052 | €31,144 | ▲ 516% |
| Change in cash | - | -€646 | €4,207 | -€2,642 | €17,904 | ▲ 778% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €31,109 ▲516%
Operating result €35,081, net result €31,109, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €4,258
Net result €4,258 after 2 loss-making years.
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 72 days late
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wemmel · 1 establishment unit since 2015
Ground area
1,456 m²
Building footprint
138 m²
Volume, LiDAR
745 m³
Parcel 22005A0487/00S007, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EFFERVESCENCE I
since 20152.248.171.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0487/00S007 | Flanders | 1,456 m² | 1 · 138 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 82,601 companies in this sector we hold annual accounts for 52,629. 35,471 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-10-2015
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0641943624
Registered
07-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.