EFL CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of EFL CONSTRUCT is 2.9% (moderate). The 2025 annual accounts show equity of €235,251 and a net result of €48,318. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 28051 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-12
Solvency58▼-1
Growth78=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.45 in 2024; short-term debt: 16.8% and cash: 12.9% of total assets), and 67% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
33%
Return on assets
6.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 5 filingsDeviation from the deadline
2025
12 d late
2024
7 d late
2023
27 d late
2022
22 d late
2021
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 company by total assets in Huy, Construction sector#9 company by equity in Huy, Construction sector
Equity
€235,251▲ 25.3%
2024 · €187,697
Total assets
€713,592▲ 28.4%
2024 · €555,606
Net result
€48,318▲ 1.5%
2024 · €47,606
Working capital
€38,772▼ 26.9%
2024 · €53,026
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
Line20212022202320242025
Operating result€53,484-€76,479▲ 43.0%€54,565▼ 28.7%€70,096▲ 28.5%€68,330▼ 2.5%
Net result€41,114-€56,878▲ 38.3%€40,197▼ 29.3%€47,606▲ 18.4%€48,318▲ 1.5%
Equity€48,114-€104,992▲ 118%€145,189▲ 38.3%€187,697▲ 29.3%€235,251▲ 25.3%
Total assets€226,842-€311,799▲ 37.5%€541,990▲ 73.8%€555,606▲ 2.5%€713,592▲ 28.4%
Debt€178,728-€206,807▲ 15.7%€396,802▲ 91.9%€367,909▼ 7.3%€478,342▲ 30.0%
Working capital€8,410-€15,540▲ 84.8%€9,102▼ 41.4%€53,026▲ 483%€38,772▼ 26.9%
Staff (FTE)2.4-3.3▲ 37.5%2.5▼ 24.2%2▼ 20.0%1▼ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €713,514
Fixed assets
€554,640 ▲ 44.1%
Current assets
€158,874 ▼ 6.7%
Equity and liabilities €713,592
Equity
€235,251 ▲ 25.3%
Debt
€478,342 ▲ 30.0%
Debt's share of the balance-sheet total rises from 66.2% to 67.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92,742▼
2024 · €101,346
Cash flow
€72,730▼
2024 · €78,856
Current ratio
1.32▼
2024 · 1.45
Quick ratio
1.05▼
2024 · 1.21
Debt to equity
2.03▲
2024 · 1.96
ROE
20.5%▼
2024 · 25.4%
ROA
6.8%▼
2024 · 8.6%
Interest coverage
4.74▼
2024 · 8.19
Debt ≤ 1 year
€120,102▲
2024 · €117,304
Debt > 1 year
€358,240▲
2024 · €250,605
Income taxes
€10,042▼
2024 · €16,064
Staff costs
€55,433▼
2024 · €153,010
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €343 | €2,756 | - | - | - |
| Remuneration, social security and pensions62 | €73,000 | €168,663 | €138,299 | €153,010 | €55,433 | ▼ 63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,775 | €25,732 | €34,386 | €31,250 | €24,412 | ▼ 21.9% |
| Other operating charges640/8 | €351 | €3,972 | €1,527 | €4,149 | €3,773 | ▼ 9.1% |
| Non-recurring operating charges66A | - | €9,843 | - | - | - | - |
| Gross operating margin9900 | €148,611 | €284,689 | €228,778 | €258,505 | €151,948 | ▼ 41.2% |
| Operating profit (loss)9901 | €53,484 | €76,479 | €54,565 | €70,096 | €68,330 | ▼ 2.5% |
| Financial income75/76B | €1,360 | €4,055 | €1,846 | €5,946 | €9,602 | ▲ 61.5% |
| Recurring financial income75 | €1,360 | €4,055 | €1,846 | €5,946 | €5,008 | ▼ 15.8% |
| Non-recurring financial income76B | - | - | - | - | €4,594 | - |
| Financial charges65/66B | €1,234 | €5,330 | €11,584 | €12,372 | €19,572 | ▲ 58.2% |
| Recurring financial charges65 | €1,234 | €5,330 | €11,584 | €12,372 | €19,572 | ▲ 58.2% |
| Profit (loss) for the period before taxes9903 | €53,610 | €75,205 | €44,827 | €63,670 | €58,360 | ▼ 8.3% |
| Income taxes67/77 | €12,496 | €18,327 | €4,631 | €16,064 | €10,042 | ▼ 37.5% |
| Profit (loss) for the period9904 | €41,114 | €56,878 | €40,197 | €47,606 | €48,318 | ▲ 1.5% |
| Profit (loss) for the period to be appropriated9905 | €41,114 | €56,878 | €40,197 | €47,606 | €48,318 | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226,842 | €311,799 | €541,990 | €555,606 | €713,592 | ▲ 28.4% |
| Formation expenses20 | €1,097 | €842 | €587 | €333 | €78 | ▼ 76.5% |
| Fixed assets21/28 | €58,195 | €151,046 | €404,560 | €384,943 | €554,640 | ▲ 44.1% |
| Intangible fixed assets21 | €740 | €370 | - | - | - | - |
| Tangible fixed assets22/27 | €57,411 | €146,962 | €400,845 | €381,229 | €550,926 | ▲ 44.5% |
| Land and buildings22 | - | €83,260 | €364,271 | €357,526 | €527,955 | ▲ 47.7% |
| Plant, machinery and equipment23 | €9,701 | €15,484 | €18,026 | €15,490 | €17,828 | ▲ 15.1% |
| Furniture and vehicles24 | €47,710 | €26,557 | €17,738 | €7,755 | €1,258 | ▼ 83.8% |
| Other tangible fixed assets26 | - | - | €811 | €459 | €3,885 | ▲ 747% |
| Assets under construction and advance payments27 | - | €21,661 | - | - | - | - |
| Financial fixed assets28 | €44 | €3,714 | €3,714 | €3,714 | €3,714 | = |
| Current assets29/58 | €167,550 | €159,910 | €136,843 | €170,330 | €158,874 | ▼ 6.7% |
| Stocks and contracts in progress3 | €33,279 | €33,279 | €24,776 | €27,830 | €32,460 | ▲ 16.6% |
| Stocks30/36 | €33,279 | €33,279 | €24,776 | €27,830 | €32,460 | ▲ 16.6% |
| Amounts receivable within one year40/41 | €44,758 | €43,573 | €45,222 | €9,460 | €14,403 | ▲ 52.3% |
| Trade receivables40 | €40,888 | €34,543 | €40,222 | €754 | €9,478 | ▲ 1,156% |
| Other amounts receivable41 | €3,870 | €9,030 | €5,000 | €8,705 | €4,925 | ▼ 43.4% |
| Cash at bank and in hand54/58 | €89,513 | €73,545 | €61,611 | €128,640 | €92,190 | ▼ 28.3% |
| Deferred charges and accrued income490/1 | - | €9,513 | €5,235 | €4,401 | €19,821 | ▲ 350% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226,842 | €311,799 | €541,990 | €555,606 | €713,592 | ▲ 28.4% |
| Equity10/15 | €48,114 | €104,992 | €145,189 | €187,697 | €235,251 | ▲ 25.3% |
| Contributions10/11 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Profit (loss) carried forward14 | €41,114 | €97,992 | €138,189 | €166,945 | €215,263 | ▲ 28.9% |
| Investment grants15 | - | - | - | €13,752 | €12,988 | ▼ 5.6% |
| Amounts payable17/49 | €178,728 | €206,807 | €396,802 | €367,909 | €478,342 | ▲ 30.0% |
| Amounts payable after more than one year17 | €19,312 | €62,426 | €269,061 | €250,605 | €358,240 | ▲ 43.0% |
| Financial debts170/4 | €19,312 | €62,426 | €269,061 | €250,605 | €358,240 | ▲ 43.0% |
| Amounts payable within one year42/48 | €159,141 | €144,370 | €127,741 | €117,304 | €120,102 | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | €11,845 | €15,329 | €20,529 | €21,853 | €23,672 | ▲ 8.3% |
| Trade debts44 | €17,289 | €4,063 | €11,392 | €7,504 | €23,228 | ▲ 210% |
| Suppliers440/4 | €17,289 | €4,063 | €11,392 | €7,504 | €23,228 | ▲ 210% |
| Advances received on contracts in progress46 | €99,769 | €112,160 | €87,176 | €77,782 | €69,171 | ▼ 11.1% |
| Taxes, remuneration and social security45 | €14,148 | €7,939 | €8,596 | €10,155 | €3,882 | ▼ 61.8% |
| Taxes450/3 | €6,000 | €7,939 | €3,273 | €10,155 | €3,882 | ▼ 61.8% |
| Remuneration and social security454/9 | €8,148 | - | €5,323 | - | - | - |
| Other amounts payable47/48 | €16,090 | €4,879 | €47 | €11 | €149 | ▲ 1,284% |
| Accrued charges and deferred income492/3 | €275 | €11 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,114 | €56,878 | €40,197 | €47,606 | €48,318 | ▲ 1.5% |
| + Depreciation and write-downs630 | €21,775 | €25,732 | €34,386 | €31,250 | €24,412 | ▼ 21.9% |
| Operating cash flow (approximation) | €62,889 | €82,609 | €74,583 | €78,856 | €72,730 | ▼ 7.8% |
| Investment in fixed assets (approximation) | - | -€118,582 | -€287,900 | -€11,634 | -€194,109 | ▼ 1,568% |
| Change in cash | - | -€15,968 | -€11,934 | €67,029 | -€36,450 | ▼ 154% |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
31-12
Financial
Equity above €200,000Eq €235,251 ▲25.3%
5 profitable years in a row build equity to €235,251.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial
Equity above €150,000Eq €187,697 ▲29.3%
4 profitable years in a row build equity to €187,697.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €40,197 ▼29.3%
Net result drops to €40,197, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Highest result since 2021net €56,878 ▲38.3%
Operating result €76,479, net result €56,878, both a record.
31-12
Financial
Equity above €100,000Eq €104,992 ▲118%
2 profitable years in a row build equity to €104,992.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Registered office, Huy · 2 establishment units since 2021
Ground area
2,862 m²
Building footprint
637 m²
Volume, LiDAR
4,683 m³
2 parcels, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
EFL Construct
since 20212.316.362.176
EFL CONSTRUCT
since 20232.344.389.832
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61070A0115/00S003 | Wallonia | 1,882 m² | 1 · 486 m² | 9.5 m · 3 fl. |
| 61322A0061/00W004 | Wallonia | 980 m² | 1 · 152 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
4 categoriesEFL CONSTRUCT SRL#9911
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Of 8,574 companies in sector 43410 we hold annual accounts for 4,366. 3,519 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43230Insulation installation
43240Other construction installation
43990Other specialised construction activities
81230Other cleaning activities
81300Landscape service activities
Contact
Scores and ratios are computed by Checked and are not a credit decision.