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EfficientSea

Active
Private limited companyfounded 2024active for 2 yearsFortstraat 8, 8400 Oostende, BelgiumKBO/BCE: BE 1014.610.201
Summary

EfficientSea has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,203 and a net result of -€3,797. Its solvency ranks better than 17% of 2,289 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Financials · financial year 2025, micro format

Equity
€1,203
Total assets
€13,318
Net result
-€3,797
Working capital
-€790

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €13,318
Fixed assets €1,993
Current assets €11,325
Equity and liabilities €13,318
Equity €1,203
Debt €12,115
Debt finances 91.0% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€2,413
Cash flow
-€3,443
Current ratio
0.93
Debt to equity
10.07
ROE
-315.6%
ROA
-28.5%
Interest coverage
0.79
Debt ≤ 1 year
€12,115
Income taxes
€2,853

Peer companies

Historical observation

Of the 757 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 86.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
4.8% stopped otherwise
86.8% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
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 74.5% 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 757 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
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€13,318
Fixed assets21/28€1,993
Tangible fixed assets22/27€1,993
Furniture and vehicles24€1,993
Current assets29/58€11,325
Amounts receivable within one year40/41€11,183
Trade receivables40€10,496
Other amounts receivable41€687
Deferred charges and accrued income490/1€142
Equity and liabilities
Total equity and liabilities10/49€13,318
Equity10/15€1,203
Contributions10/11€5,000
Profit (loss) carried forward14-€3,797
Amounts payable17/49€12,115
Amounts payable within one year42/48€12,115
Financial debts43€5,892
Credit institutions430/8€5,892
Trade debts44€2,715
Suppliers440/4€2,715
Taxes, remuneration and social security45€3,352
Taxes450/3€3,352
Other amounts payable47/48€157
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€354
Other operating charges640/8€1,194
Gross operating margin9900€3,607
Operating profit (loss)9901€2,059
Financial income75/76B€54
Recurring financial income75€54
Financial charges65/66B€3,057
Recurring financial charges65€3,057
Profit (loss) for the period before taxes9903-€944
Income taxes67/77€2,853
Profit (loss) for the period9904-€3,797
Profit (loss) for the period to be appropriated9905-€3,797
Appropriation of the result
Profit (loss) to be appropriated9906-€3,797

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€354
Other operating charges640/8€1,194
Gross operating margin9900€3,607
Operating profit (loss)9901€2,059
Financial income75/76B€54
Recurring financial income75€54
Financial charges65/66B€3,057
Recurring financial charges65€3,057
Profit (loss) for the period before taxes9903-€944
Income taxes67/77€2,853
Profit (loss) for the period9904-€3,797
Profit (loss) for the period to be appropriated9905-€3,797
Line2025
Assets
Total assets20/58€13,318
Fixed assets21/28€1,993
Tangible fixed assets22/27€1,993
Furniture and vehicles24€1,993
Current assets29/58€11,325
Amounts receivable within one year40/41€11,183
Trade receivables40€10,496
Other amounts receivable41€687
Deferred charges and accrued income490/1€142
Equity and liabilities
Total equity and liabilities10/49€13,318
Equity10/15€1,203
Contributions10/11€5,000
Profit (loss) carried forward14-€3,797
Amounts payable17/49€12,115
Amounts payable within one year42/48€12,115
Financial debts43€5,892
Credit institutions430/8€5,892
Trade debts44€2,715
Suppliers440/4€2,715
Taxes, remuneration and social security45€3,352
Taxes450/3€3,352
Other amounts payable47/48€157
Line2025
Profit (loss) for the period9904-€3,797
+ Depreciation and write-downs630€354
Operating cash flow (approximation)-€3,443

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 31-07-2026 2026-00364978

Similar companies · same sector, comparable size

Of the 3,107 active companies whose main activity is other information service activities (NACE 63920), figures are known for 1,570. 173 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.