EFIMO FP
ActiveSummary
EFIMO FP has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.3m and a net result of -€111,300. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 79% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-18
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,050,000 at 30 days acceptable
Liquidity short (current ratio 0.76 against 1.49 in 2024; short-term debt: 5.7% and cash: 0.4% of total assets), and 21.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.6%
Return on assets
-0.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
14 d early
2024
30 d early
2023
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
In the rankings
#3 company by equity in Paliseul#4 employer in the province of Luxembourg, Real estate sector#4 company by total assets in Paliseul
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€111,300
2024 · €193,396
Working capital
-€279,911
2024 · €298,006
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€507,193-€277,407▼ 45.3%-€22,306
Net result€489,996above the sector's middle half-€193,396above the sector's middle half▼ 60.5%-€111,300below the sector's middle half
Equity€16.3mabove the sector's middle half-€16.5mabove the sector's middle half▲ 1.2%€16.3mabove the sector's middle half▼ 0.7%
Total assets€20.1mabove the sector's middle half-€20.5mabove the sector's middle half▲ 2.0%€20.8mabove the sector's middle half▲ 1.7%
Debt€3.8m-€4.0m▲ 5.3%€4.5m▲ 11.5%
Working capital€2.7mabove the sector's middle half-€298,006within the sector's middle half▼ 89.1%-€279,911within the sector's middle half
Solvency81.1%above the sector's middle half-80.4%above the sector's middle half▼ 0.6pp78.6%above the sector's middle half▼ 1.9pp
Current ratio9.95above the sector's middle half-1.49within the sector's middle half▼ 8.460.76within the sector's middle half▼ 0.72
Return on assets (ROA)2.4%within the sector's middle half-0.9%within the sector's middle half▼ 1.5pp-0.5%within the sector's middle half▼ 1.5pp
Staff (FTE)9.9above the sector's middle half-20.8above the sector's middle half▲ 110%21.6above the sector's middle half▲ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22,306 after €277,407 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.8m
Fixed assets
€19.9m ▲ 1.8%
Current assets
€904,849 ▼ 0.4%
Equity and liabilities €20.8m
Equity
€16.3m ▼ 0.7%
Debt
€4.5m ▲ 11.5%
Debt's share of the balance-sheet total rises from 19.6% to 21.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€277,680▼
2024 · €561,132
Cash flow
€188,686▼
2024 · €477,120
Quick ratio
0.76▼
2024 · 1.40
Debt to equity
0.27▲
2024 · 0.24
ROE
-0.7%▼
2024 · 1.2%
Interest coverage
2.58▼
2024 · 4.60
Debt ≤ 1 year
€1.2m▲
2024 · €610,209
Debt > 1 year
€3.1m=
2024 · €3.1m
Income taxes
€718▲
2024 · €31
Staff costs
€719,234▲
2024 · €640,695
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
0.8%
went bankrupt
3.1%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 480 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €813,005 | €313,380 | €76,126 | ▼ 75.7% |
| Remuneration, social security and pensions62 | €488,010 | €640,695 | €719,234 | ▲ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €358,257 | €283,725 | €299,986 | ▲ 5.7% |
| Other operating charges640/8 | €231,172 | €70,045 | €74,018 | ▲ 5.7% |
| Non-recurring operating charges66A | €13,781 | - | €2,684 | - |
| Gross operating margin9900 | €1.6m | €1.3m | €1.1m | ▼ 15.6% |
| Operating profit (loss)9901 | €507,193 | €277,407 | -€22,306 | ▼ 108% |
| Financial income75/76B | €92,926 | €38,051 | €19,302 | ▼ 49.3% |
| Recurring financial income75 | €90,510 | €38,051 | €19,302 | ▼ 49.3% |
| Non-recurring financial income76B | €2,415 | - | - | - |
| Financial charges65/66B | €110,122 | €122,032 | €107,577 | ▼ 11.8% |
| Recurring financial charges65 | €110,122 | €122,032 | €107,577 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €489,996 | €193,426 | -€110,582 | ▼ 157% |
| Income taxes67/77 | - | €31 | €718 | ▲ 2,252% |
| Profit (loss) for the period9904 | €489,996 | €193,396 | -€111,300 | ▼ 158% |
| Profit (loss) for the period to be appropriated9905 | €489,996 | €193,396 | -€111,300 | ▼ 158% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20.1m | €20.5m | €20.8m | ▲ 1.7% |
| Fixed assets21/28 | €17.0m | €19.6m | €19.9m | ▲ 1.8% |
| Tangible fixed assets22/27 | €14.4m | €17.7m | €18.3m | ▲ 3.2% |
| Land and buildings22 | €14.3m | €17.5m | €18.1m | ▲ 3.5% |
| Plant, machinery and equipment23 | €38,418 | €83,824 | €94,623 | ▲ 12.9% |
| Furniture and vehicles24 | €98,369 | €181,600 | €119,486 | ▼ 34.2% |
| Financial fixed assets28 | €2.6m | €1.8m | €1.6m | ▼ 11.9% |
| Current assets29/58 | €3.0m | €908,215 | €904,849 | ▼ 0.4% |
| Amounts receivable after more than one year29 | €409,800 | €313,060 | €263,307 | ▼ 15.9% |
| Trade receivables290 | €409,800 | €313,060 | €263,307 | ▼ 15.9% |
| Stocks and contracts in progress3 | - | €52,523 | €7,245 | ▼ 86.2% |
| Stocks30/36 | - | €52,523 | €7,245 | ▼ 86.2% |
| Amounts receivable within one year40/41 | €2.1m | €274,305 | €489,551 | ▲ 78.5% |
| Trade receivables40 | €406,603 | €236,721 | €463,253 | ▲ 95.7% |
| Other amounts receivable41 | €1.7m | €37,584 | €26,298 | ▼ 30.0% |
| Cash at bank and in hand54/58 | €455,218 | €217,736 | €72,972 | ▼ 66.5% |
| Deferred charges and accrued income490/1 | €66,419 | €50,592 | €71,774 | ▲ 41.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20.1m | €20.5m | €20.8m | ▲ 1.7% |
| Equity10/15 | €16.3m | €16.5m | €16.3m | ▼ 0.7% |
| Contributions10/11 | €15.6m | €15.6m | €15.6m | = |
| Capital10 | €15.6m | €15.6m | €15.6m | = |
| Issued capital100 | €15.6m | €15.6m | €15.6m | = |
| Reserves13 | €154,162 | €163,832 | €163,832 | = |
| Non-distributable reserves130/1 | €154,162 | €163,832 | €163,832 | = |
| Legal reserve130 | €154,162 | €163,832 | €163,832 | = |
| Profit (loss) carried forward14 | €465,497 | €649,223 | €537,922 | ▼ 17.1% |
| Amounts payable17/49 | €3.8m | €4.0m | €4.5m | ▲ 11.5% |
| Amounts payable after more than one year17 | €3.0m | €3.1m | €3.1m | = |
| Other amounts payable178/9 | €3.0m | €3.1m | €3.1m | = |
| Amounts payable within one year42/48 | €305,315 | €610,209 | €1.2m | ▲ 94.2% |
| Trade debts44 | €207,690 | €243,560 | €183,587 | ▼ 24.6% |
| Suppliers440/4 | €207,690 | €243,560 | €183,587 | ▼ 24.6% |
| Advances received on contracts in progress46 | €7,000 | €12,400 | €12,000 | ▼ 3.2% |
| Taxes, remuneration and social security45 | €75,758 | €111,824 | €127,693 | ▲ 14.2% |
| Taxes450/3 | €2,477 | €5,886 | €12,106 | ▲ 106% |
| Remuneration and social security454/9 | €73,281 | €105,938 | €115,587 | ▲ 9.1% |
| Other amounts payable47/48 | €14,866 | €242,424 | €861,480 | ▲ 255% |
| Accrued charges and deferred income492/3 | €457,827 | €310,354 | €197,383 | ▼ 36.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €489,996 | €193,396 | -€111,300 | ▼ 158% |
| + Depreciation and write-downs630 | €358,257 | €283,725 | €299,986 | ▲ 5.7% |
| Operating cash flow (approximation) | €848,253 | €477,120 | €188,686 | ▼ 60.5% |
| Investment in fixed assets (approximation) | - | -€2.8m | -€653,632 | ▲ 76.7% |
| Change in cash | - | -€237,482 | -€144,764 | ▲ 39.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
State Gazette act
Resignation: SRL FRANCOIS PIRON (sole director)Permanent representatives: François Piron and Cédric Herbiet · Appointment: SRL HC MANAGEMENT (sole director)5 facts ▸
State Gazette act
Resignation: SRL FRANCOIS PIRON (sole director)
Permanent representatives: François Piron and Cédric Herbiet · Appointment: SRL HC MANAGEMENT (sole director)5 facts ▸
- Director resignation, SRL FRANCOIS PIRON (sole director)
- Permanent representative, François Piron (permanent representative)
- Permanent representative, Cédric Herbiet (permanent representative)
- Board composition, SRL HC MANAGEMENT (sole director)
- Director appointment, SRL HC MANAGEMENT (sole director)
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€111,300
Net result drops to -€111,300, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
HC MANAGEMENT
CurrentSole director · since 26-01-2026 · Private limited company · perm. rep.: Cédric Herbiet
Permanent representatives 1
Cédric Herbiet
CurrentPermanent representative · since 26-01-2026 · for HC MANAGEMENT
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Paliseul · 1 establishment unit since 2023
Ground area
7,070 m²
Building footprint
397 m²
Volume, LiDAR
2,367 m³
Parcel 84048A0054/00P000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EFIMO FP
since 20232.348.072.961
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84048A0054/00P000 | Wallonia | 7,070 m² | 1 · 397 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HC MANAGEMENT |
|
| François Piron srl |
|
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of EFIMO FP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
PIC EFIMO
Shared corporate director
→
THOMAS & PIRON HOME
Shared corporate director
→
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 1,531 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
47761Retail sale of flowers, plants, seeds and fertilisers
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
81300Landscape service activities
Contact
E-mail
compta-tp-holding@thomas-piron.eu
Phone
+3281232612
E-invoicing
Reachable via Peppol
Peppol ID
0208:0803395966
Also
9925:BE0803395966
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.