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EFI

Open bankruptcy
Private limited company (pre-2019)founded 2019KBO/BCE: BE 0719.384.167

A bankruptcy procedure is open for EFI according to publications in the Belgian Official Gazette; trustee: Benny Goossens.

Summary

The 2020 annual accounts show equity of €93,845 and a net result of -€11,168.

EFIOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Ghent division
Declared bankrupt
14 June 2022
Supervising judge
Guy Lucq
Official Gazette
20-06-2022 (pdf) ↗search the document for 2022/123020

Deadlines

Provisional date payments stopped
14 December 2021Payments and security you received since that day can in some cases be challenged by the trustee. A later judgment can change the date.art. XX.105, XX.111 and XX.112, Code of Economic Law
Appeal or third-party opposition until
passed on 5 July 2022Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol until
passed on 14 July 2022art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 2 September 2022Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 14 June 2023A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

  • Benny GoossensTolpoortstraat 145, 9800 Deinzeinfo@advocaat-goossens.be

What to do now

  1. Stop delivering on credit unless the trustee agrees.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.

These deadlines come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Manufacture of food products
NACE 10120
1 site
Size
€241,230turnover 2020
Equity
€93,845
Loss
-€11,168
Financial health
Open bankruptcy: no score
Structure
0 of 3 deeds read
Signalsraises riskOpen bankruptcyneutralFiled after the deadlineShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
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 Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2020
88 days late
2019
104 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 96 days after the deadline; the sector median (NACE 10) for financial year 2020 is 2 days before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Ghent, Ghent…
  2. Annual accounts filedfinancial year 2020 · micro…
  3. Annual accounts filedfinancial year 2019 · micro…

Financials · financial year 2020, micro format

Turnover
€241,230▼ 14.7%
2019 · €282,658
EBIT margin
-4.6%▼ 47.0pp
2019 · 42.5%
Net result
-€11,168
2019 · €92,613
Working capital
€68,923▲ 4.8%
2019 · €65,744
Trend over the years

2019 to 2020, 2 financial years

The operating result turns negative in 2020: a loss of €11,014 after €120,067 in 2019.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€241,230 2020 Operating result-€11,014 2020 Net result-€11,168 2020

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020
Turnover€282,658-€241,230▼ 14.7%
Operating result€120,067--€11,014
Net result€92,613--€11,168below the sector's middle half
EBIT margin42.5%--4.6%▼ 47.0pp
Equity€98,813-€93,845within the sector's middle half▼ 5.0%
Total assets€161,994-€190,793within the sector's middle half▲ 17.8%
Debt€63,181-€96,948▲ 53.4%
Working capital€65,744-€68,923above the sector's middle half▲ 4.8%
Solvency61.0%-49.2%within the sector's middle half▼ 11.8pp
Current ratio2.04-1.71within the sector's middle half▼ 0.33
Return on assets (ROA)57.2%--5.9%below the sector's middle half▼ 63.0pp
above within below the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €190,793
Fixed assets €24,922 ▼ 24.6%
Current assets €165,871 ▲ 28.7%
Equity and liabilities €190,793
Equity €93,845 ▼ 5.0%
Debt €96,948 ▲ 53.4%
Debt's share of the balance-sheet total rises from 39.0% to 50.8%. Equity is lower and debt is higher.
Key figures and ratios
2020 value · change against 2019
EBITDA
-€5,067▼
2019 · €131,622
Cash flow
-€5,221▼
2019 · €104,168
ROE
-11.9%▼
2019 · 93.7%
Debt ≤ 1 year
€96,948▲
2019 · €63,181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 25 lines
Balance sheet Code20192020
Assets
Total assets20/58€161,994€190,793▲
Fixed assets21/28€33,070€24,922▼
Tangible fixed assets22/27€33,070€17,422▼
Financial fixed assets28-€7,500
Current assets29/58€128,925€165,871▲
Amounts receivable within one year40/41€108,201€105,892▼
Cash at bank and in hand54/58€20,724€59,979▲
Equity and liabilities
Total equity and liabilities10/49€161,994€190,793▲
Equity10/15€98,813€93,845▼
Contributions10/11€6,200€12,400▲
Reserves13€1,860€1,860=
Profit (loss) carried forward14€90,753€79,585▼
Amounts payable17/49€63,181€96,948▲
Amounts payable within one year42/48€63,181€96,948▲
Trade debts44€22,233€54,449▲
Income statement Code20192020
Turnover70€282,658€241,230▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,555€5,947▼
Gross operating margin9900€222,400€135,665▼
Operating profit (loss)9901€120,067-€11,014▼
Recurring financial income75€6€0▼
Recurring financial charges65€228€154▼
Profit (loss) for the period before taxes9903€119,845-€11,168▼
Income taxes67/77€27,232-
Profit (loss) for the period9904€92,613-€11,168▼
Profit (loss) for the period to be appropriated9905€92,613-€11,168▼
Line20192020Change
Turnover70€282,658€241,230▼ 14.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,555€5,947▼ 48.5%
Gross operating margin9900€222,400€135,665▼ 39.0%
Operating profit (loss)9901€120,067-€11,014▼ 109%
Recurring financial income75€6€0▼ 99.8%
Recurring financial charges65€228€154▼ 32.3%
Profit (loss) for the period before taxes9903€119,845-€11,168▼ 109%
Income taxes67/77€27,232--
Profit (loss) for the period9904€92,613-€11,168▼ 112%
Profit (loss) for the period to be appropriated9905€92,613-€11,168▼ 112%
Line20192020Change
Assets
Total assets20/58€161,994€190,793▲ 17.8%
Fixed assets21/28€33,070€24,922▼ 24.6%
Tangible fixed assets22/27€33,070€17,422▼ 47.3%
Financial fixed assets28-€7,500-
Current assets29/58€128,925€165,871▲ 28.7%
Amounts receivable within one year40/41€108,201€105,892▼ 2.1%
Cash at bank and in hand54/58€20,724€59,979▲ 189%
Equity and liabilities
Total equity and liabilities10/49€161,994€190,793▲ 17.8%
Equity10/15€98,813€93,845▼ 5.0%
Contributions10/11€6,200€12,400▲ 100%
Reserves13€1,860€1,860=
Profit (loss) carried forward14€90,753€79,585▼ 12.3%
Amounts payable17/49€63,181€96,948▲ 53.4%
Amounts payable within one year42/48€63,181€96,948▲ 53.4%
Trade debts44€22,233€54,449▲ 145%
Line20192020Change
Profit (loss) for the period9904€92,613-€11,168▼ 112%
+ Depreciation and write-downs630€11,555€5,947▼ 48.5%
Operating cash flow (approximation)€104,168-€5,221▼ 105%
Investment in fixed assets (approximation)-€2,201-
Change in cash-€39,255-

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

Public contracts: not fully processed yet. The notices from August 2023 to September 2026 are still being read.

Directors

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee BENNY GOOSSENS
Tolpoortstraat 145, 9800 Deinze
14-06-2022 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 24 January 2019, EFI was incorporated.1 The company has filed 2 sets of annual accounts, the latest for financial year 2020.2 The company was declared bankrupt on 14 June 2022.3

  1. 1KBO (Crossroads Bank for Enterprises)
  2. 2National Bank, annual accounts 2020
  3. 3Belgian Official Gazette, 20-06-2022

Acts, filings and financial milestones

2022
20-06
Bankruptcy Opening
Enterprise Court of Ghent, Ghent division · judgment of 14-06-2022
2021
27-10
NBB filing Annual accounts filed
financial year 2020 · micro format · 88 days late
2020
12-11
NBB filing Annual accounts filed
financial year 2019 · micro format · 104 days late
SignalNBB filing
0 of 3 deeds read
About the unread acts

We know of 3 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded24-01-2019
Financial year end31-12
Activities, NACEBEL 2025
10120Manufacture of food products
56301Cafés and bars
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 11 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2019
registered office establishment The establishment unit on the map
Ground area
2,882 m²
Building footprint
210 m²
Building volume
1,414 m³
2 parcels, Flanders · tallest building 12.0 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Establishment
Manufacture of food products
since 2019unit no. 2.284.321.888
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
44034A0714/00_000 Flanders 2,765 m² 1 · 125 m² 7.0 m · 2
44804D0132/00Z010 Flanders 117 m² 1 · 85 m² 12.0 m · 3
How the parcels are linked
Good to know
Both parcels match the address exactly.