EFM CONSTRUCTION

Open bankruptcy

Private limited companyfounded 2020Samberstraat(E) 27, 7850 Enghien, BelgiumKBO/BCE: BE 0757.619.983

A bankruptcy procedure is open for EFM CONSTRUCTION according to publications in the Belgian State Gazette; curator: FREDERIC PARIS. The 2025 annual accounts show negative equity (€-12k) and a net result of €-2k.

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

2122232425

2021 to 2025 · latest year €-12k

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

16 d early

2024

228 d late

2023

61 d late

2022

88 d late

2021

78 d late

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

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 2025, micro schema

Equity

€-12k▼ 15.8%

2024 · €-10k

2021: €24k 2022: €37k 2023: €37k 2024: €-10k

2021 → 2025

Total assets

€105k▲ 14.0%

2024 · €93k

2021: €50k 2022: €122k 2023: €114k 2024: €93k

2021 → 2025

Net result

€-2k▲ 96.5%

2024 · €-47k

2021: €20k 2022: €13k 2023: €682 2024: €-47k

2021 → 2025

Working capital

€-8k▲ 61.2%

2024 · €-20k

2021: €24k 2022: €42k 2023: €42k 2024: €-20k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€24k-€37k▲ 52.1%€37k▼ 0.4%€-10k€-12k▼ 15.8%

Operating result€25k-€19k▼ 25.7%€7k▼ 63.9%€-42k€3k

Net result€20k-€13k▼ 32.8%€682▼ 94.9%€-47k€-2k▲ 96.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €3k after a loss of €42k in 2024.

Key figures and ratios

2025 value · change against 2024

EBITDA

€3k▲

2024 · €-41k

Cash flow

€-1k▲

2024 · €-46k

Solvency

-11.4%▼

2024 · -11.3%

Current ratio

0.93▲

2024 · 0.69

Quick ratio

0.93▲

2024 · 0.69

Debt / equity

-9.74▲

2024 · -9.88

ROA

-1.6%▲

2024 · -50.8%

Interest coverage

0.54▲

2024 · -8.20

Debt

€117k▲

2024 · €103k

Debt ≤ 1 year

€113k▲

2024 · €64k

Debt > 1 year

€0▼

2024 · €39k

Income taxes

€30▼

2024 · €145

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€93k€105k▲

Fixed assets21/28€48k€0▼

Tangible fixed assets22/27€48k€0▼

Land and buildings22€48k€0▼

Plant, machinery and equipment23€205€0▼

Furniture and vehicles24-€0

Current assets29/58€45k€105k▲

Amounts receivable within one year40/41€42k€105k▲

Trade receivables40€34k€54k▲

Other amounts receivable41€8k€52k▲

Cash at bank and in hand54/58€2k€1▼

Equity and liabilities

Total equity and liabilities10/49€93k€105k▲

Equity10/15€-10k€-12k▼

Contributions10/11€5k€5k=

Reserves13€32k€0▼

Distributable reserves133€32k€0▼

Profit (loss) carried forward14€-47k€-17k▲

Amounts payable17/49€103k€117k▲

Amounts payable after more than one year17€39k€0▼

Financial debts170/4€39k€0▼

Amounts payable within one year42/48€64k€113k▲

Current portion of amounts payable after more than one year42€4k€39k▲

Trade debts44€46k€58k▲

Suppliers440/4€46k€58k▲

Taxes, remuneration and social security45€12k€15k▲

Taxes450/3€10k€13k▲

Remuneration and social security454/9€2k€3k▲

Other amounts payable47/48€2k€1k▼

Accrued charges and deferred income492/3-€4k

Income statement Code20242025

Non-recurring operating income76A-€7k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€205▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k-

Other operating charges640/8€5k€12k▲

Non-recurring operating charges66A-€18k

Gross operating margin9900€-28k€33k▲

Operating profit (loss)9901€-42k€3k▲

Financial income75/76B€71€1k▲

Recurring financial income75€71€1k▲

Financial charges65/66B€5k€5k▲

Recurring financial charges65€5k€5k▲

Profit (loss) for the period before taxes9903€-47k€-2k▲

Income taxes67/77€145€30▼

Profit (loss) for the period9904€-47k€-2k▲

Profit (loss) for the period to be appropriated9905€-47k€-2k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-47k€-49k▼

Profit (loss) brought forward from the previous period14P€0€-47k▼

Transfer from equity791/2-€32k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Signals 1Financial 1Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-08

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Tournai · EFM CONSTRUCTION SRL RUE DE SAMBRE 27, 7850 ENGHIEN · event 28-07-2026

15-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

16-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 228 days late

2024

31-12

Financial Weakest financial yearnet €-47k ▼6990%

Net result drops to €-47k, the lowest in the series.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

27-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 88 days late

2022

17-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 78 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Enghien · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Samberstraat(E) 277850 Enghien

Ground area

69 m²

Building footprint

31 m²

Volume, LiDAR

239 m³

Parcel 55010C0111/00A000, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

EFM CONSTRUCTION

Samberstraat(E) 27, 7850 EnghienSpecialised construction activities

since 20202.309.627.309

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55010C0111/00A000	Wallonia	69 m²	1 · 31 m²	8.9 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	FREDERIC PARIS PLACE CLOVIS 1, 7500 TOURNAI- . Date provisoire de cessation de paiement : 28/07/2026 ↔ Also on 28 other cases	28-07-2026 → present