EFFICIENCY CONSULTING
InactiveEFFICIENCY CONSULTING was declared bankrupt on 11-12-2023 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed for insufficient assets by judgment of 07-11-2024, published in the Belgian State Gazette on 18-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-10-2023, 88 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
88 d late
2021
31 d late
2020
4 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€11k▲ 110%
2021 · €5k
2018: €33k
2019: €25k
2020: €17k
2021: €5k
2018 → 2022
Total assets
€12k▲ 98.0%
2021 · €6k
2018: €34k
2019: €26k
2020: €18k
2021: €6k
2018 → 2022
Net result
€-7k▲ 43.1%
2021 · €-12k
2018: €-12k
2019: €-8k
2020: €-8k
2021: €-12k
2018 → 2022
Working capital
€11k▲ 112%
2021 · €5k
2018: €30k
2019: €23k
2020: €16k
2021: €5k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€33k-€25k▼ 23.3%€17k▼ 33.4%€5k▼ 69.3%€11k▲ 110%
Operating result€-12k-€-8k▲ 35.0%€-8k▼ 10.6%€-12k▼ 38.6%€-7k▲ 43.4%
Net result€-12k-€-8k▲ 34.1%€-8k▼ 9.9%€-12k▼ 38.4%€-7k▲ 43.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2022 against €12k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €12k
Equity
€11k ▲ 110%
Debt
€966 ▲ 19.6%
Debt's share of the balance-sheet total falls from 13.5% to 8.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-7k▲
2021 · €-11k
Cash flow
€-7k▲
2021 · €-11k
Current ratio
12.30▲
2021 · 7.36
Debt to equity
0.09▼
2021 · 0.16
ROE
-61.1%▲
2021 · -226.0%
ROA
-56.2%▲
2021 · -195.5%
Interest coverage
-110.94▲
2021 · -223.94
Debt ≤ 1 year
€966▲
2021 · €808
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 · 2022 against 2021 · 33 lines
Balance sheet
Code20212022
Assets
Total assets20/58€6k€12k▲
Fixed assets21/28€54-
Tangible fixed assets22/27€54-
Furniture and vehicles24€54-
Current assets29/58€6k€12k▲
Amounts receivable within one year40/41€259€50▼
Trade receivables40€50€50=
Other amounts receivable41€209€0▼
Cash at bank and in hand54/58€6k€12k▲
Equity and liabilities
Total equity and liabilities10/49€6k€12k▲
Equity10/15€5k€11k▲
Contributions10/11€6k€19k▲
Reserves13€52k€52k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€-53k€-60k▼
Amounts payable17/49€808€966▲
Amounts payable within one year42/48€808€966▲
Trade debts44€637€712▲
Suppliers440/4€637€712▲
Other amounts payable47/48€172€255▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€939€54▼
Other operating charges640/8€348€348=
Gross operating margin9900€-10k€-6k▲
Operating profit (loss)9901€-12k€-7k▲
Financial charges65/66B€48€59▲
Recurring financial charges65€48€59▲
Profit (loss) for the period before taxes9903€-12k€-7k▲
Profit (loss) for the period9904€-12k€-7k▲
Profit (loss) for the period to be appropriated9905€-12k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-60k▼
Profit (loss) brought forward from the previous period14P€-41k€-53k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
18-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Brabant wallon · EFFICIENCY CONSULTING SRL RUE DU FOND DES BOIS 78, 1470 GENAPPE. déclarée le 11 décembre 2023 · event 07-11-2024
2023
15-12
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · EFFICIENCY CONSULTING SRL RUE DU FOND DES BOIS 78, 1470 GENAPPE · event 11-12-2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BAUDOUX RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
11-12-2023 → 07-11-2024 |