Equity
€92,423 from €156,501 in 2021
Equity fell by 41% in 4 years.
EFFORTEL
Lifetime
20 annual accounts with figures on one time axispeak €931,840 (2010)
€122,894▼ 63.4%
lowest -€1.0m (2006)
-€3,560▼ €179,531
peak €156,501 (2021)
€92,423▼ 3.7%
€818,849▼ 10.8%
peak 5.3 FTE (2010)
1 FTE▼ 44.4%
Board6 names since 2018
2 directorsARPA SRL and 1 other
Owners
100%EFFORTEL GROUP
Documentsfilings and deeds
25-08-202625 days late
2025financial year
Gross margin from €335,385 to €122,894Loss of €3,560Staff from 1.8 FTE to 1 FTEInvestments €34,885
Key points
from the 2025 annual accountsResult
-€3,560 -€3,560
From profit to loss in 2025, after a profit of €175,972 in 2024.
Debts
€818,849 90% of the balance sheet
Financial debts 24%Suppliers 44%Taxes and wages 7%Other 25%
Of this, €421,707 falls due within a year.
Investments
€34,885 20.0 × depreciation
Green is investment, beige is depreciation.
Staff
1 FTE from 5.3 in 2010
Between 2010 and 2025, 81% of the full-time equivalents disappeared.
At the same address
302 companies
2025 accounts filed 25 days after the deadline
Checked score
79
Excellent
Financially stronger than 32% of micro companies in telecommunications (NACE 61)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 527 companies (NACE 61, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%
01-2025: 3.0%● unchanged vs 12-2024
02-2025: 3.0%● unchanged vs 01-2025
03-2025: 3.0%● unchanged vs 02-2025
04-2025: 3.0%● unchanged vs 03-2025
05-2025: 2.9%▼ -0.1 percentage points vs 04-2025
06-2025: 3.0%▲ +0.1 percentage points vs 05-2025
07-2025: 3.2%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -2.8 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026lowest value
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%▲ +0.3 percentage points vs 07-2026
09-2026: 0.5%▼ -0.3 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €92,423 (10.1% of total assets)
Sector: Telecommunications (NACE 61)
lowers risk
Size: 1 FTE, total assets €911,271
Figures for financial year 2025 (filed on 26-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 61, micro). It does better than 26% of them on solvency, 41% on liquidity, 23% on profitability and 38% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,450 companies had the same profile as EFFORTEL has now. Each dot stands for 7 companies, two years later.
93.2%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EFFORTEL itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for EFFORTEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.87 (2.23 in 2024), above the usual 1.5. Short-term debt is 46.3% and cash 12.9% of total assets. However, 89.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 96 sector peers (2025).
NBB · sector comparisonPosition among 96 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
6 days early
2023
1 day late
2022
4 days early
2021
4 days late
2020
30 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
AS
ARPA SRL
Director, since 15-06-2023
- EFFORTEL GROUP 100%equity €1.8m (2025) · 2025 annual accounts of EFFORTEL GROUP
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0876765380
Appointment: SA Callens Vandelanotte (statutory auditor)
Permanent representative: Jan Degryse · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Resignation: BELUFIN SRL · Appointment: JAYCO CONSULTING SRL · Permanent representative: Jo Claes · General meeting of 13-11-2023 · Gazette deed
Appointment: Vandelanotte Bedrijfsrevisoren (statutory auditor)
Permanent representative: Jo CLAES · General meeting of 03-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EFFORTEL Watermael-Boitsfort | €0.9m | €122,894 | 10.1% | 1 |
| INTERTEL Turnhout | €0.9m | €240,912 | 94.5% | 1.2 |
| IDEX-EC Antwerp | €1.7m | €238,760 | -17.4% | 1.4 |
| TOLLGRADE BELGIUM Temse | €1.4m | €314,415 | 65.7% | 1 |
| BELGIAN TRAVEL NETWORK Zaventem | €0.8m | €204,662 | 42.0% | 2 |
| CORIOTECH Zandhoven | €0.9m | €104,952 | 6.4% | 4.2 |
| WEEPEE Merchtem | €0.8m | €502,327 | 84.5% | 1 |
These companies have the same main activity as EFFORTEL: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €767,000 and €1.7m, founded between 1994 and 2007.
Official details
Source: KBO- Status
- Active since 18-10-2005Normal situation
- Registered office
- 304 active companies are registered at this address24 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Wired, wireless and satellite telecommunicationsNACE 61100
- Joint committee
- 149Sectors related to metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.149.900.9711150 Woluwe-Saint-Pierre, since 11-10-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2026
Annual accounts 2025
- ≈ €310,000estimated
- €911,271▼ 10.2%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 25-08-2026
Insights on EFFORTEL
EFFORTEL has existed since 2005. The gross margin fell from €931,840 in 2010 to €30,653 in 2012.
EFFORTEL GROUP holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EFFORTEL
- What is the company number of EFFORTEL?
- The company number of EFFORTEL is 0876.765.380. The VAT number is the same number with BE in front: BE 0876.765.380.
- Where is EFFORTEL based?
- The registered office is at Terhulpsesteenweg 177, 1170 Watermael-Boitsfort.Company details
- What does EFFORTEL do?
- According to the KBO register, the main activity is wired, wireless and satellite telecommunications (NACE 61100).
- What is the legal form of EFFORTEL?
- EFFORTEL is a public limited company (NV).
- When was EFFORTEL founded?
- EFFORTEL was founded on 18-10-2005.
- Is EFFORTEL still active?
- Yes, EFFORTEL is an active enterprise in the KBO register.
- How many employees does EFFORTEL have?
- EFFORTEL had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does EFFORTEL fall under?
- In its 2025 annual accounts, EFFORTEL states joint committee 149 (Sectors related to metal, mechanical and electrical engineering).
- What is the turnover of EFFORTEL?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €122,894 and 1,647 comparable companies of the same size. It probably lies between €190,000 and €580,000. It is a rough estimate.
- Is EFFORTEL profitable?
- In financial year 2025, EFFORTEL made a loss of €3,560.
- Where can I find the annual accounts of EFFORTEL?
- EFFORTEL filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EFFORTEL due?
- EFFORTEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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