EFFICACE
ActiveThe file of EFFICACE contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.1% (very low). The 2024 annual accounts show equity of €3.04M and a net result of €-291k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 29% of 2934 sector peers (fiscal year 2024).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability11▼-3
Solvency44▲+3
Growth22▼-16
Track record85
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity tight (current ratio 1.31 against 3.54 in 2023; short-term debt: 2.8% and cash: 0.3% of total assets), and 80.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.2%
Return on assets
-1.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-04-2026, 264 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
264 d late
2023
98 d late
2022
464 d late
2021
24 d late
2020
274 d late
2019
461 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€99k▼ 5.3%
2023 · €105k
2018: €179k
2019: €105k
2020: €149k
2021: €118k
2022: €105k
2023: €105k
2018 → 2024
EBIT margin
-670.9%▼ 536.9pp
2023 · -134.0%
2018: 13.1%
2019: -147.0%
2020: -27.0%
2021: -90.2%
2022: -103.3%
2023: -134.0%
2018 → 2024
Net result
€-291k
2023 · €295k
2018: €271k
2019: €-8k
2020: €382k
2021: €344k
2022: €23k
2023: €295k
2018 → 2024
Working capital
€136k▼ 82.9%
2023 · €794k
2018: €6.80M
2019: €6.75M
2020: €6.25M
2021: €1.30M
2022: €859k
2023: €794k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€149k-€118k▼ 20.8%€105k▼ 10.8%€105k=€99k▼ 5.3%
Equity€3.62M-€2.99M▼ 17.5%€3.01M▲ 0.8%€3.31M▲ 9.8%€3.04M▼ 8.2%
Operating result€-40k-€-106k▼ 165%€-108k▼ 2.1%€-141k▼ 29.7%€-667k▼ 374%
Net result€382k-€344k▼ 10.1%€23k▼ 93.4%€295k▲ 1,195%€-291k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €667k in 2024 against €141k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.80M
Fixed assets
€15.23M ▼ 19.6%
Current assets
€572k ▼ 48.3%
Equity and liabilities €15.80M
Equity
€3.04M ▼ 8.2%
Provisions
€275k ▼ 29.1%
Debt
€12.49M ▼ 23.7%
Debt's share of the balance-sheet total falls from 81.6% to 79.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-632k▼
2023 · €-101k
Cash flow
€-256k▼
2023 · €335k
Current ratio
1.31▼
2023 · 3.54
Quick ratio
1.07▼
2023 · 3.54
Debt to equity
4.11▼
2023 · 4.95
ROE
-9.6%▼
2023 · 8.9%
ROA
-1.8%▼
2023 · 1.5%
Interest coverage
-18.38▼
2023 · -3.81
Debt ≤ 1 year
€436k▲
2023 · €313k
Debt > 1 year
€12.04M▼
2023 · €16.01M
Income taxes
€73k▲
2023 · €320
Staff costs
€-8k▼
2023 · €76k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 73 lines
Balance sheet
Code20232024
Assets
Total assets20/58€20.06M€15.80M▼
Fixed assets21/28€18.95M€15.23M▼
Intangible fixed assets21€1k-
Tangible fixed assets22/27€2.67M€2.73M▲
Land and buildings22€1.05M€1.02M▼
Furniture and vehicles24€46k€53k▲
Assets under construction and advance payments27€1.58M€1.66M▲
Financial fixed assets28€16.27M€12.50M▼
Current assets29/58€1.11M€572k▼
Amounts receivable after more than one year29€754k-
Other amounts receivable291€754k-
Stocks and contracts in progress3-€104k
Contracts in progress37-€104k
Amounts receivable within one year40/41€322k€426k▲
Trade receivables40€322k€417k▲
Other amounts receivable41€293€9k▲
Cash at bank and in hand54/58€31k€42k▲
Equity and liabilities
Total equity and liabilities10/49€20.06M€15.80M▼
Equity10/15€3.31M€3.04M▼
Contributions10/11€259k€259k=
Capital10€259k€259k=
Issued capital100€259k€259k=
Revaluation surpluses12€27k€48k▲
Reserves13€3.00M€2.71M▼
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Tax-exempt reserves132€218k-
Distributable reserves133€2.76M€2.69M▼
Profit (loss) carried forward14€20k€17k▼
Provisions and deferred taxes16€387k€275k▼
Provisions for liabilities and charges160/5€275k€275k=
Taxes161€275k€275k=
Deferred taxes168€112k-
Amounts payable17/49€16.36M€12.49M▼
Amounts payable after more than one year17€16.01M€12.04M▼
Financial debts170/4€826k€638k▼
Advances received on contracts in progress176€2k-
Other amounts payable178/9€15.18M€11.40M▼
Amounts payable within one year42/48€313k€436k▲
Current portion of amounts payable after more than one year42€195k€188k▼
Trade debts44€17k€230k▲
Suppliers440/4€17k€230k▲
Taxes, remuneration and social security45€101k€17k▼
Taxes450/3€67k€17k▼
Remuneration and social security454/9€33k-
Accrued charges and deferred income492/3€46k€14k▼
Income statement
Code20232024
Turnover70€105k€99k▼
Non-recurring operating income76A-€31k
Goods, raw materials, services and sundry goods60/61€62k€137k▲
Remuneration, social security and pensions62€76k€-8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€35k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€60k€726k▲
Other operating charges640/8€8k€14k▲
Gross operating margin9900€43k€100k▲
Operating profit (loss)9901€-141k€-667k▼
Financial income75/76B€463k€385k▼
Recurring financial income75€463k€348k▼
Non-recurring financial income76B-€37k
Financial charges65/66B€27k€48k▲
Recurring financial charges65€27k€34k▲
Non-recurring financial charges66B-€14k
Profit (loss) for the period before taxes9903€296k€-330k▼
Transfer from deferred taxes780-€112k
Income taxes67/77€320€73k▲
Profit (loss) for the period9904€295k€-291k▼
Transfer from tax-exempt reserves789-€218k
Profit (loss) for the period to be appropriated9905€295k€-72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€320k€-53k▼
Profit (loss) brought forward from the previous period14P€24k€19k▼
Transfer from equity791/2-€401k
Transfer to equity691/2€300k€331k▲
To other reserves6921€300k€331k▲
Social balance
Average headcount (FTE)90871.0-
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 264 days late
2024
31-12
Financial
Weakest financial yearnet €-291k ▼198%
Net result drops to €-291k, the lowest in the series.
14-11
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · EFFICACE NV BROEKBOSSTRAAT 21, 2550 KONTICH · event 07-11-2024
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 98 days late
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 464 days late
17-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · EFFICACE NV BROEKBOS- STRAAT 21, 2550 KONTICH · event 10-10-2024
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
01-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 274 days late
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 461 days late
22-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2020
31-12
Financial
Back to profitnet €382k
Net result €382k after one loss-making year.
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Kontich · 1 establishment unit since 1987
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.
Broekbosstraat 212550 KontichGround area
2,746 m²
Building footprint
282 m²
Volume, LiDAR
1,266 m³
Parcel 11602C0107/00G002, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
EFFICACE NV
since 19872.032.497.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0107/00G002 | Flanders | 2,746 m² | 1 · 282 m² | 7.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ILSE MERTENS LEON STIJNENSTRAAT 70,
2000 ANTWERPEN 1- .
Co-Curator: GARY MICHIELS, OUDE-GODSTRAAT 168,
2650 EDEGEM |
10-10-2024 → 07-11-2024 |
Similar companies · same sector, comparable size
't HOF TEN CLINCKAERT
BE 0439.778.402
Gent · Eq €3.04M
SOCOFI
BE 0431.283.279
Laarne · Eq €3.01M
FIDUBEL
BE 0428.147.310
Ninove · Eq €3.09M
DANNY SERGEANT
BE 0461.355.160
Gent · Eq €2.96M
Société Centrale de Gestion
BE 0403.221.674
Elsene · Eq €3.14M
Of 2,267 companies in sector 69209 we hold annual accounts for 1,098. 364 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.