EFI
Open bankruptcyA bankruptcy procedure is open for EFI according to publications in the Belgian State Gazette; curator: BENNY GOOSSENS. The 2020 annual accounts show equity of €94k and a net result of €-11k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-10-2021, 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
88 d late
2019
104 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€241k▼ 14.7%
2019 · €283k
2019: €283k
2019 → 2020
EBIT margin
-4.6%▼ 47.0pp
2019 · 42.5%
2019: 42.5%
2019 → 2020
Net result
€-11k
2019 · €93k
2019: €93k
2019 → 2020
Working capital
€69k▲ 4.8%
2019 · €66k
2019: €66k
2019 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020Trend
Turnover€283k-€241k▼ 14.7%
Equity€99k-€94k▼ 5.0%
Operating result€120k-€-11k
Net result€93k-€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €11k after €120k in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €191k
Fixed assets
€25k▼ 24.6%
Current assets
€166k▲ 28.7%
Equity and liabilities €191k
Equity
€94k▼ 5.0%
Debt
€97k▲ 53.4%
The debt ratio rises from 39.0% to 50.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2019 · €132k
Cash flow
€-5k▼
2019 · €104k
Solvency
49.2%▼
2019 · 61.0%
Current ratio
1.71▼
2019 · 2.04
Quick ratio
1.71▼
2019 · 2.04
ROE
-11.9%▼
2019 · 93.7%
ROA
-5.9%▼
2019 · 57.2%
Debt
€97k▲
2019 · €63k
Debt ≤ 1 year
€97k▲
2019 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€162k€191k▲
Fixed assets21/28€33k€25k▼
Tangible fixed assets22/27€33k€17k▼
Financial fixed assets28-€8k
Current assets29/58€129k€166k▲
Amounts receivable within one year40/41€108k€106k▼
Cash at bank and in hand54/58€21k€60k▲
Equity and liabilities
Total equity and liabilities10/49€162k€191k▲
Equity10/15€99k€94k▼
Contributions10/11€6k€12k▲
Reserves13€2k€2k=
Profit (loss) carried forward14€91k€80k▼
Amounts payable17/49€63k€97k▲
Amounts payable within one year42/48€63k€97k▲
Trade debts44€22k€54k▲
Income statement
Code20192020
Turnover70€283k€241k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€6k▼
Gross operating margin9900€222k€136k▼
Operating profit (loss)9901€120k€-11k▼
Recurring financial income75€6€0▼
Recurring financial charges65€228€154▼
Profit (loss) for the period before taxes9903€120k€-11k▼
Income taxes67/77€27k-
Profit (loss) for the period9904€93k€-11k▼
Profit (loss) for the period to be appropriated9905€93k€-11k▼
Timeline · acts, filings and financial milestones
2022
20-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · EFI BV DENDERMONDSE- STEENWEG 131/A, 9000 GENT · event 14-06-2022
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
SignalNBB filing
Directors · office · real estate
Directors
3 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
1 establishment unit since 2019
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.
Ground area
2,882 m²
Building footprint
210 m²
Volume, LiDAR
1,414 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20192.284.321.888
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034A0714/00_000 | Flanders | 2,765 m² | 1 · 125 m² | 7.0 m · 2 fl. |
| 44804D0132/00Z010 | Flanders | 117 m² | 1 · 85 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | BENNY GOOSSENS TOLPOORTSTRAAT 145,
9800 DEINZE |
14-06-2022 → present |
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Of 107 companies in sector 10120 we hold annual accounts for 82. 49 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-01-2019
Fiscal year end31-12
Activities, NACEBEL
10120Manufacture of food products
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.