Equity
eFluenz paid out €800,000 in dividends. That is 184% of the 2025 profit.
eFluenz paid out €800,000 in dividends. That is 184% of the 2025 profit.
The result rose in 2025 from €217,311 to €435,715.
Debts rose by €330,750 in 2025.
In 2025, 8 people joined and 5 left.
The last five annual accounts were filed 2 to 42 days before the end of the period.
The dashed line is the sector median: 0.1% across 722 companies (NACE 73, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 73, small). It does better than 43% of them on solvency, 80% on liquidity, 98% on profitability and 46% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,782 companies had the same profile as eFluenz has now. Each dot stands for 17 companies, two years later.
That fits the bankruptcy probability of eFluenz itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for eFluenz. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.62 (3.02 in 2024), above the usual 1.5. Short-term debt is 61.8% and cash 57.7% of total assets. However, 61.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| eFluenz Brussels | €1.2m | €1.4m | 38.2% | 12 |
| AMARANTE INSTITUTIONS INTERNATIONALES Brussels | €1.2m | €1.1m | -81.0% | 14.1 |
| Shearwater Europe Ixelles | €1.5m | €1.4m | 58.7% | 8.8 |
| FOURTOLD BELGIUM Brussels | €1.7m | €1.6m | 23.5% | 12.8 |
| Hanbury Strategy and Communications Brussels | €1.4m | €2.1m | 41.6% | 19.1 |
| airlines for europe Brussels | €1.6m | €1.4m | 60.6% | 8.9 |
| Société Belge d’Exonération de Précompte Evere | €2.1m | €2.0m | 84.3% | 12.7 |
These companies have the same main activity as eFluenz: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €1.2m and €2.1m, founded between 2016 and 2020.
eFluenz has existed since 2018. In 2020 the gross margin rose from €19,538 to €303,707 and staff from 3.1 to 6.3 full-time equivalents.
The gross margin has grown every year since. Solvency fell in 2025 from 67.0% to 38.2% because of the dividend.
ROSSEL & Cie holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 45% of 845 companies in 2025.
Higher than 50% of 812 companies in 2025.
Higher than 95% of 836 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 8 people joined and 5 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
1.2m | 1.2m | 788,269 | 600,389 | 666,254 | 359,801 | 139,038 | |
21/28 |
2,379 | 2,978 | 8,338 | 13,699 | - | - | - | |
22/27 |
2,286 | 2,978 | 8,338 | 13,699 | - | - | - | |
24 |
2,286 | 2,978 | 8,338 | 13,699 | - | - | - | |
28 |
93 | - | - | - | - | - | - | |
29/58 |
1.2m | 1.2m | 779,931 | 586,691 | 666,254 | 359,801 | 139,038 | |
40/41 |
480,849 | 411,325 | 480,980 | 507,868 | 638,197 | 277,377 | 51,553 | |
40 |
456,542 | 404,325 | 479,491 | 496,163 | 629,435 | 277,377 | 51,552 | |
41 |
24,307 | 7,000 | 1,489 | 11,705 | 8,762 | - | 1 | |
54/58 |
686,457 | 805,781 | 256,450 | 78,823 | 28,056 | 82,425 | 87,485 | |
490/1 |
19,089 | 2,226 | 42,500 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
1.2m | 1.2m | 788,269 | 600,389 | 666,254 | 359,801 | 139,038 | |
10/15 |
454,179 | 818,465 | 601,154 | 428,362 | 390,960 | 213,277 | 103,025 | |
10/11 |
143,600 | 143,600 | 143,600 | 143,600 | 143,600 | 143,600 | 143,600 | |
10 |
143,600 | 143,600 | 143,600 | 143,600 | 143,600 | - | - | |
100 |
143,600 | 143,600 | 143,600 | 143,600 | 143,600 | 143,600 | 143,600 | |
13 |
310,579 | 674,865 | 457,554 | 284,762 | 247,360 | 69,677 | - | |
130/1 |
14,360 | 14,360 | 14,360 | 14,360 | 14,360 | 14,360 | - | |
130 |
14,360 | 14,360 | 14,360 | 14,360 | 14,360 | 14,360 | - | |
133 |
296,219 | 660,505 | 443,194 | 270,402 | 233,000 | 55,317 | - | |
14 |
- | - | - | - | - | - | -40,575 | |
17/49 |
734,595 | 403,845 | 187,115 | 172,027 | 275,294 | 146,524 | 36,013 | |
42/48 |
734,595 | 403,845 | 187,115 | 172,027 | 275,294 | 134,024 | 36,013 | |
44 |
245,679 | 227,703 | 88,840 | 51,555 | 147,554 | 49,253 | 23,712 | |
440/4 |
245,679 | 227,703 | 88,840 | 51,555 | 147,554 | 49,253 | 23,712 | |
46 |
- | - | - | 2,142 | - | - | - | |
45 |
188,858 | 176,142 | 97,582 | 117,638 | 127,646 | 84,343 | 12,036 | |
450/3 |
61,931 | 78,966 | 35,955 | 52,346 | 91,530 | 62,783 | 3,498 | |
454/9 |
126,927 | 97,176 | 61,627 | 65,292 | 36,115 | 21,560 | 8,537 | |
47/48 |
300,058 | - | 693 | 693 | 95 | 428 | 266 | |
492/3 |
- | - | - | - | - | 12,500 | - | |
| Income statement | ||||||||
70 |
2.6m | 2.1m | - | - | - | - | - | |
9900 |
1.4m | 924,687 | 788,310 | 530,080 | 512,352 | 303,707 | 19,538 | |
60/61 |
1.2m | 1.2m | - | - | - | - | - | |
62 |
793,780 | 618,949 | 544,323 | 473,035 | 271,689 | 168,072 | 58,663 | |
630 |
3,189 | 5,360 | 5,360 | 2,383 | - | - | - | |
631/4 |
2,360 | - | - | - | - | - | - | |
640/8 |
1,269 | 456 | 472 | 563 | 219 | 518 | 1,402 | |
9901 |
592,475 | 299,922 | 238,155 | 54,098 | 240,445 | 135,117 | -40,526 | |
75/76B |
580 | 495 | 250 | 100 | 1 | 195 | 2 | |
75 |
580 | 495 | 250 | 100 | 1 | 195 | 2 | |
65/66B |
2,416 | 3,106 | 3,222 | 1,748 | 644 | 82 | 51 | |
65 |
2,416 | 3,106 | 3,222 | 1,748 | 644 | 82 | 51 | |
9903 |
590,640 | 297,311 | 235,183 | 52,451 | 239,802 | 135,230 | -40,575 | |
67/77 |
154,925 | 80,000 | 62,391 | 15,049 | 62,119 | 24,978 | - | |
9904 |
435,715 | 217,311 | 172,792 | 37,402 | 177,683 | 110,252 | -40,575 | |
9905 |
435,715 | 217,311 | 172,792 | 37,402 | 177,683 | 110,252 | -40,575 | |
| Appropriation of the result | ||||||||
9906 |
435,715 | 217,311 | 172,792 | 37,402 | 177,683 | 69,677 | -40,575 | |
791/2 |
500,000 | - | - | - | - | - | - | |
691/2 |
135,715 | 217,311 | 172,792 | 37,402 | 177,683 | 69,677 | - | |
6920 |
- | - | - | - | - | 14,360 | - | |
6921 |
135,715 | 217,311 | 172,792 | 37,402 | 177,683 | 55,317 | - | |
694/7 |
800,000 | - | - | - | - | - | - | |
694 |
800,000 | - | - | - | - | - | - | |
| Social balance sheet | ||||||||
9087 |
12 | 10.8 | 10.9 | 11.4 | 10 | 6.3 | 3.1 | |
Hours worked1013 |
19,916 | 17,069 | 17,076 | 16,671 | 15,220 | 9,581 | 4,042 | |
| Document | ||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 19-06-2026 | 2026-00184576 | |
| 31-12-2024 | full format | 04-07-2025 | 2025-00260690 | |
| 31-12-2023 | full format | 23-07-2024 | 2024-00272086 | |
| 31-12-2022 | full format | 28-07-2023 | 2023-00283216 | |
| 31-12-2021 | full format | 29-07-2022 | 2022-20248400 | |
| 31-12-2020 | full format | 29-07-2021 | 2021-43100128 | |
| 31-12-2019 | full format | 30-07-2020 | 2020-36500205 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 595,664 | 305,282 | 243,515 | 56,481 | - | - | - | ||
| 438,904 | 222,671 | 178,152 | 39,785 | - | - | - | ||
| 2,591 | 0 | 0 | 16,081 | - | - | - | ||
| -119,324 | 549,330 | 177,628 | 50,766 | -54,368 | -5,060 | - | ||
| 451,800 | 815,487 | 592,816 | 414,663 | 390,960 | 225,777 | 103,025 | ||
| 23.0% | 14.1% | - | - | - | - | - | ||
| 38.2% | 67.0% | 76.3% | 71.3% | 58.7% | 59.3% | 74.1% | ||
| 1.62 | 3.02 | 4.17 | 3.41 | 2.42 | 2.68 | 3.86 | ||
| 1.62 | 0.49 | 0.31 | 0.40 | 0.70 | 0.69 | 0.35 | ||
| 95.9% | 26.6% | 28.7% | 8.7% | 45.4% | 51.7% | -39.4% | ||
| 36.7% | 17.8% | 21.9% | 6.2% | 26.7% | 30.6% | -29.2% | ||
| over 100 | 98.29 | 75.59 | 32.32 | - | - | - | ||
| 65 days | 69 days | - | - | - | - | - | ||
| 76 days | 69 days | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 10 | 10 | 10 | 10 |
| full-time | 13 | 10 | 10 | 10 | 10 |
| part-time | 0 | 0 | - | - | - |
| in full-time equivalents | 13 | 10 | 10 | 10 | 10 |
| 12 | 10.8 | 10.9 | 11.4 | 9.3 | |
| On a permanent contract | 12 | 10 | 10 | 10 | 8 |
| Joined | 8 | 5 | 9 | 13 | 8 |
| Left | 5 | 5 | 9 | 13 | 5 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,498 | - | - | €16,081 | - |
| Financial fixed assets | €93 | - | - | - | - |
| €3,189 | €5,360 | €5,360 | €2,383 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 98% higher than in 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total rises from 33.0% to 61.8%. Equity is lower and debt is higher.
Further up the chainROSSEL INVEST SRL 90%
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of ROSSEL & Cie. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group ROSSEL INVEST SRL Group, risk and exposure| ROSSEL & Cie
registered office since 01-07-1966 · founded in 1968 · group ROSSEL INVEST SRL |
216 FTE (2025) 0403.537.816 |
| ROSSEL INVEST SRL
registered office since 11-06-2020 · founded in 2020 |
total assets €126.4m (2025) 0748.493.372 |
| GROUPE SUDMEDIA
establishment since 24-12-1999 · founded in 1998 · group ROSSEL INVEST SRL |
185 FTE (2025) 0464.786.980 |
| RESTAURATION NOUVELLE
establishment since 15-09-2015 · founded in 1996 |
106 FTE (2025) 0457.415.178 |
| EDITIONS CINE - REVUE
registered office since 01-08-1993 · founded in 1993 · group ROSSEL INVEST SRL |
15 FTE (2025) 0450.382.381 |
| GROUPE VLAN
registered office since 01-07-2014 · founded in 1968 · negative equity (2025) · group ROSSEL INVEST SRL |
34 FTE (2025) 0403.513.367 |
| Rossel-Hurbain
registered office since 01-01-1968 · founded in 1968 |
total assets €9.9m (2025) 0403.537.915 |
| Immovlan
registered office since 08-01-2021 · founded in 2021 · group ROSSEL INVEST SRL |
13 FTE (2025) 0761.369.034 |
| ROSSEL INTERACTIVE MEDIA
establishment since 01-07-2014 · founded in 1947 · group ROSSEL INVEST SRL |
33 FTE (2025) 0403.531.678 |
| ROSSEL FINANCE
registered office since 01-01-2015 · founded in 2005 · negative equity (2025) · group ROSSEL INVEST SRL |
46 FTE (2025) 0878.056.866 |
The network starts from the directors of eFluenz. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Influenz registered office Koningsstraat 100, 1000 Brussels | 11-09-2018 | 2.280.142.673 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21803C1147/00M000 | 1,099 m² | 1 · 1,066 m² | 28.8 m · 8 |
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