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EFIN AC

Inactive
KBO/BCE: BE 0714.979.971

Inactive; last annual accounts for fiscal year 2023.

Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 02-10-2023 was due by 02-05-2024 and was filed on 31-10-2023, 184 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2023
184 d early
2022
40 d early
2021
52 d early
2020
58 d early
2019
56 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 78 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2023, abbreviated schema

Equity
€24,753▼ 24.0%
2022 · €32,550
Total assets
€27,115▼ 27.0%
2022 · €37,126
Net result
-€7,797▼ 30.3%
2022 · -€5,986
Working capital
€24,753▼ 24.0%
2022 · €32,589
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222023
Operating result-€8,475--€5,233▲ 38.2%-€5,069▲ 3.1%-€5,073▼ 0.1%-€7,484▼ 47.5%
Net result-€8,481--€5,233▲ 38.3%-€9,250▼ 76.8%-€5,986▲ 35.3%-€7,797▼ 30.3%
Equity€53,019-€47,786▼ 9.9%€38,536▼ 19.4%€32,550▼ 15.5%€24,753▼ 24.0%
Total assets€53,019-€52,323▼ 1.3%€43,375▼ 17.1%€37,126▼ 14.4%€27,115▼ 27.0%
Debt€4,538€4,839▲ 6.6%€4,576▼ 5.4%€2,362▼ 48.4%
Working capital€47,786€38,837▼ 18.7%€32,589▼ 16.1%€24,753▼ 24.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2019: -€8,475-€8,475Net result 2019: -€8,481-€8,481Operating result 2020: -€5,233-€5,233Net result 2020: -€5,233-€5,233Operating result 2021: -€5,069-€5,069Net result 2021: -€9,250-€9,250Operating result 2022: -€5,073-€5,073Net result 2022: -€5,986-€5,986Operating result 2023: -€7,484-€7,484Net result 2023: -€7,797-€7,79720192020202120222023-€10,000-€7,500-€5,000-€2,500€0Operating result 2021: -€5,069-€5,070Net result 2021: -€9,250-€9,250Operating result 2022: -€5,073-€5,070Net result 2022: -€5,986-€5,990Operating result 2023: -€7,484-€7,480Net result 2023: -€7,797-€7,800202120222023
The operating result stays negative: a loss of €7,484 in 2023 against €5,073 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €27,115
Equity €24,753 ▼ 24.0%
Debt €2,362 ▼ 48.4%
Debt's share of the balance-sheet total falls from 12.3% to 8.7%. Equity and debt are lower.
Key figures and ratios
2023 value · change against 2022
Current ratio
11.48▲
2022 · 8.18
Debt to equity
0.10▼
2022 · 0.14
ROE
-31.5%▼
2022 · -18.4%
ROA
-28.8%▼
2022 · -16.1%
Debt ≤ 1 year
€2,362▼
2022 · €4,538
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 · 2023 against 2022 · 30 lines
Balance sheet Code20222023
Assets
Total assets20/58€37,126€27,115▼
Current assets29/58€37,126€27,115▼
Current investments50/53€9-
Cash at bank and in hand54/58€37,117€27,115▼
Equity and liabilities
Total equity and liabilities10/49€37,126€27,115▼
Equity10/15€32,550€24,753▼
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Profit (loss) carried forward14-€28,950-€36,747▼
Amounts payable17/49€4,576€2,362▼
Amounts payable within one year42/48€4,538€2,362▼
Trade debts44€4,538€2,247▼
Suppliers440/4€4,538€2,247▼
Taxes, remuneration and social security45-€115
Taxes450/3-€115
Accrued charges and deferred income492/3€39-
Income statement Code20222023
Other operating charges640/8€460€115▼
Gross operating margin9900-€4,613-€7,369▼
Operating profit (loss)9901-€5,073-€7,484▼
Financial income75/76B€12-
Recurring financial income75€12-
Financial charges65/66B€922€313▼
Recurring financial charges65€922€313▼
Profit (loss) for the period before taxes9903-€5,982-€7,797▼
Income taxes67/77€4-
Profit (loss) for the period9904-€5,986-€7,797▼
Profit (loss) for the period to be appropriated9905-€5,986-€7,797▼
Appropriation of the result
Profit (loss) to be appropriated9906-€28,950-€36,747▼
Profit (loss) brought forward from the previous period14P-€22,964-€28,950▼
Line20192020202120222023Change
Goods, raw materials, services and sundry goods60/61--€4,611---
Other operating charges640/8--€459€460€115▼ 75.0%
Gross operating margin9900-€7,780-€4,777-€4,611-€4,613-€7,369▼ 59.7%
Operating profit (loss)9901-€8,475-€5,233-€5,069-€5,073-€7,484▼ 47.5%
Financial income75/76B--€33€12--
Recurring financial income75--€33€12--
Financial charges65/66B--€4,204€922€313▼ 66.0%
Recurring financial charges65€6-€4,204€922€313▼ 66.0%
Profit (loss) for the period before taxes9903-€8,481-€5,233-€9,240-€5,982-€7,797▼ 30.3%
Income taxes67/77--€10€4--
Profit (loss) for the period9904-€8,481-€5,233-€9,250-€5,986-€7,797▼ 30.3%
Profit (loss) for the period to be appropriated9905-€8,481-€5,233-€9,250-€5,986-€7,797▼ 30.3%
Line20192020202120222023Change
Assets
Total assets20/58€53,019€52,323€43,375€37,126€27,115▼ 27.0%
Current assets29/58€53,019€52,323€43,375€37,126€27,115▼ 27.0%
Current investments50/53---€9--
Cash at bank and in hand54/58€53,019€52,323€43,375€37,117€27,115▼ 26.9%
Equity and liabilities
Total equity and liabilities10/49€53,019€52,323€43,375€37,126€27,115▼ 27.0%
Equity10/15€53,019€47,786€38,536€32,550€24,753▼ 24.0%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10--€61,500€61,500€61,500=
Issued capital100--€61,500€61,500€61,500=
Profit (loss) carried forward14-€8,481-€13,714-€22,964-€28,950-€36,747▼ 26.9%
Amounts payable17/49-€4,538€4,839€4,576€2,362▼ 48.4%
Amounts payable within one year42/48-€4,538€4,538€4,538€2,362▼ 47.9%
Trade debts44-€4,538€4,538€4,538€2,247▼ 50.5%
Suppliers440/4--€4,538€4,538€2,247▼ 50.5%
Taxes, remuneration and social security45----€115-
Taxes450/3----€115-
Accrued charges and deferred income492/3--€302€39--
Line20192020202120222023Change
Profit (loss) for the period9904-€8,481-€5,233-€9,250-€5,986-€7,797▼ 30.3%
Operating cash flow (approximation)-€8,481-€5,233-€9,250-€5,986-€7,797▼ 30.3%
Change in cash--€696-€8,949-€6,257-€10,002▼ 59.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
31-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
21-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Weakest financial yearnet -€9,250
Net result drops to -€9,250, the lowest in the series.
03-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Structure & network

Owners and holdings

Owners 0

No owner stated in the accounts, acts or LEI register we read.

Stated earlier (1)

An older source named these owners; newer accounts no longer list them.

Holdings 0

The accounts to 02-10-2023 list no holdings, and no other source names one.

According to the annual accounts to 02-10-2023 of EFIN AC 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

No current directors or connected companies found in the register.