Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Efficado is 0.4% (very low). The 2024 annual accounts show equity of €9k and a net result of €1k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 230 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 22 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 22-07-2025 | 9 d early | 2025-00293201 |
| 31-12-2023 | 31-07-2024 | 08-07-2024 | 23 d early | 2024-00224202 |
| 31-12-2022 | 31-07-2023 | 12-07-2023 | 19 d early | 2023-00227718 |
| 31-12-2021 | 31-07-2022 | 30-06-2022 | 31 d early | 2022-20117803 |
| 31-12-2020 | 31-07-2021 | 12-07-2021 | 19 d early | 2021-34000231 |
| 31-12-2019 | 31-07-2020 | 24-07-2020 | 7 d early | 2020-34100499 |
| 31-12-2018 | 31-07-2019 | 12-07-2019 | 19 d early | 2019-32000246 |
| 31-12-2017 | 31-07-2018 | 03-07-2018 | 28 d early | 2018-28000520 |
| 31-12-2016 | 31-07-2017 | 05-07-2017 | 26 d early | 2017-27700107 |
| 31-12-2015 | 31-07-2016 | 04-07-2016 | 27 d early | 2016-27800035 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2013, 13 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.4%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Annual accounts: weaker financial profile
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€1k
Working capital€38k+21.5%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 22-07-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~6.4%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 58 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.0% | 47.1% | |
| Net result | €1k | €5k | |
| Equity | €9k | €26k | |
| Gross operating margin | €5k | €17k | |
| Staff costs | €0 | €35k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P30
Weakening position over 2020-2024
· n=42-230
P41
Weakening position over 2020-2024
· n=42-229
P32
Weakening position over 2020-2024
· n=42-230
P36
Weakening position over 2020-2024
· n=42-226
Describes the position versus peers, not a forecast.
€4k
-
18-24
€1k
-
18-24
€2k
-
18-24
€50k
-0.8%
18-24
€9k
+13.1%
18-24
€38k
+21.5%
18-24
0
-75.0%
18-24
€0
-100.0%
18-24
Show 11 other metrics
€66
-56.0%
18-24
€41k
-3.5%
18-24
€9k
-36.3%
18-24
€22k
-20.5%
18-24
5.09
+61.9%
18-24
5.09
+61.9%
18-24
18.0%
+14.1%
18-24
4.55
-14.7%
18-24
11.6%
-
18-24
2.1%
-
18-24
2.94
-
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €4k |
| Net profit | €1k |
| Cash flow | €2k |
| Staff costs | €0 |
| Income taxes | €66 |
| Dividends | - |
| Total assets | €50k |
| Equity | €9k |
| Debt | €41k |
| of which ≤ 1y | €9k |
| of which > 1y | €22k |
| Working capital | €38k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 5.09 |
| Quick ratio | 5.09 |
| Working capital ratio | 75.9% |
| Solvency | 18.0% |
| Debt / equity | 4.55 |
| Long-term debt ratio | 2.42 |
| Interest coverage | 2.94 |
| Gross margin | - |
| Net margin | - |
| ROA | 2.1% |
| ROE | 11.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €50k |
| Fixed assets | 21/28 | €3k |
| Tangible fixed assets | 22/27 | €3k |
| Current assets | 29/58 | €48k |
| Amounts receivable within one year | 40/41 | €29k |
| Investments | 50/53 | €0 |
| Cash & bank | 54/58 | €19k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €50k |
| Equity | 10/15 | €9k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €9k |
| Accumulated profits (losses) | 14 | €-19k |
| Amounts payable | 17/49 | €41k |
| Amounts payable after one year | 17 | €22k |
| Amounts payable within one year | 42/48 | €9k |
| Trade debts payable within one year | 44 | €481 |
| Income statement | ||
| Gross operating margin | 9900 | €5k |
| Operating result | 9901 | €2k |
| Financial income | 75 | €24 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €1k |
| Income taxes | 67/77 | €66 |
| Net result for the period | 9904 | €1k |
| Result to be appropriated | 9905 | €1k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed76
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
1 director3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
BILLAST JoeriDirectorState Gazette act 22382468 (15-12-2022)Current15-12-2022 → present
2 events
- 15-12-2022 Resigned· Director
- 15-12-2022 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Uitgeven van boeken(58110) |
| Legal form | Private limited company(610) |
| Incorporation | 16-05-2013 |
| Status | Active |
| Postal code | 3360 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationefficado
since 20132.219.359.703
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area907 m²
Buildings1
Building footprint86 m²
Volume (LiDAR)599 m³
Tallest building10.0 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24011I0220/00E000 | Flanders | 907 m² | 1 · 86 m² | 10.0 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
2 acts Address history · 1
17-10-2024
Registered-office move
All acts · 2
updated 1 year ago
2024
17-10-2024 Registered office moved within Bierbeek
- Wonewei 4 te 3360 Bierbeek → 3360 Bierbeek, Bevekomsestraat 64
2022
15-12-2022 1 director appointed, 1 resigning
- BILLAST Joeri, Bestuurder
- BILLAST Joeri, Bestuurder
Notary:
Philippe Missoul · Bierbeek
Analysis
Financial profile
5 of 5 axes measured67
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
76
Profitability
58
Solvency
45
Growth
58
Stability
100
Credit advice
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We hold annual accounts for 69 of the 1,101 companies in this sector. 46 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Uitgeven van boeken58110Overige activiteiten van uitgeverijen, met uitzondering van het uitgeven van software58190Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Webportalen63120Activiteiten van webportalen63910Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990Overige vormen van onderwijs85599
Primary activity highlighted.
Names & trade names
| Legal nameNL | Efficado |
Registered office
Bevekomsestraat 64
3360 Bierbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.