EFIMO FP
ActiveSummary
EFIMO FP has been active since 2023 and the Belgian Official 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 financial years (±0.3% per year). Its solvency ranks better than 79% of 5,738 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Staff
- 21.6 FTE
- Equity
- €16.3m
- Loss
- -€111,300
- Holdings
- 2
- HC MANAGEMENTDirector · permanent representative Cédric Herbiet
Why 71raises riskLiquidity: current ratio 0.76, cash €72,972, halvedFounded in 2023lowers riskSector: Real estate activities (NACE 68)Equity €16.3m (78.6% of total assets)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 92% on solvency, 60% on liquidity, 38% on profitability and 39% on growth.
The bankruptcy probability was computed on 18-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 24 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Resignation: SRL FRANCOIS PIRON (sole director)Permanent representatives: François Piron and…
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€111,300
Financials · financial year 2025, full format
2023 to 2025, 3 financial years
The operating result turns negative in 2025: a loss of €22,306 after €277,407 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: 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), Staff (FTE).
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 95.8% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
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 497,472 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 74.5% 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 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €0.8m | €0.3m | €0.08m | ▼ 75.7% |
| Remuneration, social security and pensions62 | €0.5m | €0.6m | €0.7m | ▲ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.3m | €0.3m | ▲ 5.7% |
| Other operating charges640/8 | €0.2m | €0.07m | €0.07m | ▲ 5.7% |
| Non-recurring operating charges66A | €0.01m | - | €0.003m | - |
| Gross operating margin9900 | €1.6m | €1.3m | €1.1m | ▼ 15.6% |
| Operating profit (loss)9901 | €0.5m | €0.3m | -€0.02m | - |
| Financial income75/76B | €0.09m | €0.04m | €0.02m | ▼ 49.3% |
| Recurring financial income75 | €0.09m | €0.04m | €0.02m | ▼ 49.3% |
| Non-recurring financial income76B | €0.002m | - | - | - |
| Financial charges65/66B | €0.1m | €0.1m | €0.1m | ▼ 11.8% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.1m | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €0.5m | €0.2m | -€0.1m | - |
| Income taxes67/77 | - | €31 | €0.001m | ▲ 2,252% |
| Profit (loss) for the period9904 | €0.5m | €0.2m | -€0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.2m | -€0.1m | - |
| 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 | €0.04m | €0.08m | €0.09m | ▲ 12.9% |
| Furniture and vehicles24 | €0.1m | €0.2m | €0.1m | ▼ 34.2% |
| Financial fixed assets28 | €2.6m | €1.8m | €1.6m | ▼ 11.9% |
| Current assets29/58 | €3.0m | €0.9m | €0.9m | ▼ 0.4% |
| Amounts receivable after more than one year29 | €0.4m | €0.3m | €0.3m | ▼ 15.9% |
| Trade receivables290 | €0.4m | €0.3m | €0.3m | ▼ 15.9% |
| Stocks and contracts in progress3 | - | €0.05m | €0.007m | ▼ 86.2% |
| Stocks30/36 | - | €0.05m | €0.007m | ▼ 86.2% |
| Amounts receivable within one year40/41 | €2.1m | €0.3m | €0.5m | ▲ 78.5% |
| Trade receivables40 | €0.4m | €0.2m | €0.5m | ▲ 95.7% |
| Other amounts receivable41 | €1.7m | €0.04m | €0.03m | ▼ 30.0% |
| Cash at bank and in hand54/58 | €0.5m | €0.2m | €0.07m | ▼ 66.5% |
| Deferred charges and accrued income490/1 | €0.07m | €0.05m | €0.07m | ▲ 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 | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €0.5m | €0.6m | €0.5m | ▼ 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 | €0.3m | €0.6m | €1.2m | ▲ 94.2% |
| Trade debts44 | €0.2m | €0.2m | €0.2m | ▼ 24.6% |
| Suppliers440/4 | €0.2m | €0.2m | €0.2m | ▼ 24.6% |
| Advances received on contracts in progress46 | €0.007m | €0.01m | €0.01m | ▼ 3.2% |
| Taxes, remuneration and social security45 | €0.08m | €0.1m | €0.1m | ▲ 14.2% |
| Taxes450/3 | €0.002m | €0.006m | €0.01m | ▲ 106% |
| Remuneration and social security454/9 | €0.07m | €0.1m | €0.1m | ▲ 9.1% |
| Other amounts payable47/48 | €0.01m | €0.2m | €0.9m | ▲ 255% |
| Accrued charges and deferred income492/3 | €0.5m | €0.3m | €0.2m | ▼ 36.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.2m | -€0.1m | - |
| + Depreciation and write-downs630 | €0.4m | €0.3m | €0.3m | ▲ 5.7% |
| Operating cash flow (approximation) | €0.8m | €0.5m | €0.2m | ▼ 60.5% |
| Investment in fixed assets (approximation) | - | -€2.8m | -€0.7m | ▲ 76.7% |
| Change in cash | - | -€0.2m | -€0.1m | ▲ 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.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 17-07-2026 | 2026-00319547 |
| 31-12-2024 | full format | 01-07-2025 | 2025-00219134 |
| 31-12-2023 | full format | 03-07-2024 | 2024-00213339 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HC MANAGEMENT |
|
| François Piron srl |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
-
100%
-
100%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
100%
According to the 2025 annual accounts of EFIMO FP and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
24-07
Gazette deed
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, Cédric Herbiet
- Board composition, SRL HC MANAGEMENT (sole director)
- Director appointment, SRL HC MANAGEMENT (sole director)
23-09
Gazette deed
Restructuring · MiscellaneousPermanent representative: François PIRON · Merger · Shareholding15 facts ▸
- Merger, 23-08-2024
- Shareholding
- Accounting effect, 01-07-2024
- Other provision, “droits particuliers” (deed in French)
- Other provision, “avantages particuliers conseil administration” (deed in French)
- Net-asset statement, 30-06-2024
- Net-asset statement, 30-06-2024, 15645866.96 (2 times)
- Capital, €15,645,866.96
- Other provision, 02-07-2024
- Real estate, 04-07-2024
- Other provision, “mentions fiscales, croissance de la Société Absorbante, harmonisation opérationnelle et financière, économies d'échelle” (deed in French)
- Other provision, “personnel” (deed in French)
- +3 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 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
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 84048A0054/00P000 | Wallonia | 7,070 m² | 1 · 397 m² | 9.4 m · 2 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “1) Les études concernant les projets de conception, d'implantation et de réalisation de travaux immobiliers, de travaux de génie civil et de…” (deed in French)
10 activities (deed in French)
- 1) Les études concernant les projets de conception, d'implantation et de réalisation de travaux immobiliers, de travaux de génie civil et de toutes activités liées directement ou indirectement au secteur immobilier. Elle peut exercer toutes les activités d'un bureau d'études au sens le plus large du terme. La Société peut, en outre, exercer toutes les opérations financières relatives à la gestion de patrimoine mobilier et immobilier. Elle effectuera également toute opération de courtage en matière financière, y compris l'exploitation d'une station-service.
- 2) L'achat, l'échange, la vente, la prise en location et en sous-location, ainsi que la cession en location et en sous-location, le tour avec ou sans option d'achat, l'exploitation el l'entretien des maisons, appartements, bureaux, magasins, fonds de commerce, terrains, terres et domaines, et de manière générale, de tous biens immobiliers, ainsi que toutes opérations de financement.
- 3) Elle pourra ériger toutes constructions pour son compte ou pour compte de tiers, en tant que maître de l'ouvrage ou entrepreneur général, et effectuer, éventuellement aux biens immobiliers, des transformations et mises en valeur ainsi que l'élude et l'aménagement de lotissement y compris la construction de routes et égouts ; souscrire des engagements en tant que conseiller en construction (études de génie civil et des divers équipements techniques des immeubles) ; acheter tous matériaux, signer tous contrats d'entreprises qui seraient nécessaires; réaliser toutes opérations de change, commission et courtage, ainsi que la gérance d'immeubles.
- 4) Elle peut acheter, exploiter et construire tant pour elle-même que pour des tiers, par location ou autrement, tous parkings, garages, station-service et d'entretien.
- 5)La conception, l'invention, la fabrication, la construction, l'importation, l'exportation, l'achat et la vente, la distribution, l'entretien, l'exploitation tant en nom propre qu'en qualité d'agent, de commissionnaire ou de courtier: a) De tout bien immobilier accessoire aux biens immobiliers visés au numéro un; b) De parcomètres, ainsi que de tous autres appareils destinés à contrôler, empêcher ou limiter le stationnement de véhicule, tant sur la voie publique que dans les propriétés privées; c) De tous véhicules et machines à moteur, de tous accessoires de pièces de rechange, d'essence, d'huile, de pneumatiques et de tous articles généralement quelconques de garage.
- 6) L'achat et la vente d'œuvres d'arts et d'objets de collection.
- 7) La prestation de tous services dans le cadre de son objet, y compris la gestion de patrimoine.
- 8) La conception, la création et l'entretien de tous parcs, espaces verts extérieurs ou intérieurs, jardins privés ou publics, d'agrément ou autres, ainsi qu'à l'entreprise de tous travaux de jardinage au sens le plus large du terme.
- 9) De tous travaux immobiliers relatifs à l'environnement, l'urbanisme, l'aménagement du territoire, la création ou l'entretien d'espaces paysagers, à l'urbanisme, à l'épuration des eaux.
- 10)La vente en gros ou en détail, l'achat, la location à court ou à long terme, l'importation, l'exportation, la commercialisation, le prêt à court ou à long terme, de tous végétaux généralement queiconques.
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Six semaines au moins, assemblée générale des actionnaires” (deed in French)1 more provision in the deed, see the deed of 23-09-2024
Read from the deeds: 3 provisions, deed of 23-09-2024