EFORA
ActiveFrom the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
EFORA has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,811 and a net result of €1,151. Equity has been stable since 2018 (±0.7% per year). Its solvency ranks better than 49% of 13,716 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 23-06-2005 Normal situation
- Activity
- Non-specialised wholesale trade NACE 46900and 3 others
- Establishment unit
- 2.147.903.662 3700 Tongeren-Borgloon, since 21-06-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 10-06-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €17,082
- ▲ 13.3%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €1,151
- Equity
- €42,811
- ▲ 2.8%
- Total assets
- €109,960
- ▼ 7.5%
Score breakdownraises riskSize: total assets €109,960lowers riskLiquidity: current ratio 69.28, cash €22,995Founded in 2005Equity €42,811 (38.9% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 46, micro). It does better than 48% of them on solvency, 80% on liquidity, 42% on profitability and 50% on growth.
The bankruptcy probability was computed on 31-10-2026 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. 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).
Credit check for an amount and term of your choice
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.
Signals
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 21 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €1,069, after a loss of €285 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as EFORA: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €78,100 and €173,000, founded between 2004 and 2006.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| EFORA Tongeren-Borgloon | 2005 | €109,960 | €42,811 | €17,082 | €1,151 | 2025 |
| ALVIN Brugge | 2005 | €97,936 | €96,983 | €17,946 | €14,679 | 2025 |
| Bentech Grobbendonk | 2006 | €98,815 | €67,879 | €19,530 | €7,419 | 2025 |
| JCM Bilzen-Hoeselt | 2004 | €78,140 | €7,699 | €9,026 | -€5,663 | 2025 |
| TOP-TREND As | 2004 | €173,401 | €143,748 | €9,847 | €263 | 2025 |
| VAN OERS GROUP Wuustwezel | 2006 | €101,849 | -€147,400 | €27,990 | €11,442 | 2025 |
| MULTIMOTOR Ronse | 2004 | €162,100 | €77,812 | €15,910 | €6,393 | 2025 |
They were chosen from the 912 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as EFORA has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EFORA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,041 companies, not a prediction for EFORA. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €554 | - | €2,282 | €1,220 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,386 | €5,085 | €6,361 | €8,161 | €13,839 | €14,275 | €14,540 | €14,718 | ▲ 1.2% |
| Other operating charges640/8 | - | - | - | €1,299 | €1,180 | €1,213 | €826 | €1,295 | ▲ 56.8% |
| Non-recurring operating charges66A | - | - | - | €2,149 | - | - | - | - | - |
| Gross operating margin9900 | €10,088 | €1,483 | -€23,744 | €50,682 | €37,698 | €3,704 | €15,081 | €17,082 | ▲ 13.3% |
| Operating profit (loss)9901 | €4,276 | -€6,165 | -€37,515 | €39,073 | €22,679 | -€11,783 | -€285 | €1,069 | - |
| Financial income75/76B | - | - | - | €1,519 | €114 | €26 | €275 | €4,522 | ▲ 16× |
| Recurring financial income75 | €117 | €723 | €1,020 | €1,519 | €114 | €26 | €275 | €4,522 | ▲ 16× |
| Financial charges65/66B | - | - | - | €2,626 | €1,476 | €178 | €3,805 | €3,648 | ▼ 4.1% |
| Recurring financial charges65 | €5,368 | €2,153 | €1,903 | €2,626 | €1,476 | €178 | €3,553 | €3,648 | ▲ 2.7% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €252 | - | - |
| Profit (loss) for the period before taxes9903 | -€974 | -€7,595 | -€38,398 | €37,966 | €21,318 | -€11,936 | -€3,814 | €1,944 | - |
| Income taxes67/77 | - | €783 | €520 | €157 | €2,399 | €428 | €512 | €793 | ▲ 54.7% |
| Profit (loss) for the period9904 | -€974 | -€8,378 | -€38,919 | €37,808 | €18,919 | -€12,363 | -€4,327 | €1,151 | - |
| Profit (loss) for the period to be appropriated9905 | -€974 | -€8,378 | -€38,919 | €37,808 | €18,919 | -€12,363 | -€4,327 | €1,151 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €140,375 | €143,662 | €123,610 | €163,799 | €173,959 | €134,104 | €118,841 | €109,960 | ▼ 7.5% |
| Fixed assets21/28 | €30,818 | €32,795 | €20,000 | €73,765 | €60,495 | €50,784 | €36,244 | €22,591 | ▼ 37.7% |
| Tangible fixed assets22/27 | €24,384 | €26,361 | €20,000 | €73,765 | €60,495 | €50,784 | €36,244 | €22,591 | ▼ 37.7% |
| Land and buildings22 | - | - | - | €16,162 | €14,954 | €12,927 | €10,693 | €8,460 | ▼ 20.9% |
| Plant, machinery and equipment23 | - | - | - | €3,606 | €2,879 | €3,255 | €2,528 | €1,800 | ▼ 28.8% |
| Furniture and vehicles24 | - | - | - | €53,997 | €42,662 | €34,603 | €23,023 | €12,331 | ▼ 46.4% |
| Financial fixed assets28 | €6,434 | €6,434 | - | - | - | - | - | - | - |
| Current assets29/58 | €109,558 | €110,868 | €103,611 | €90,034 | €113,464 | €83,320 | €82,596 | €87,369 | ▲ 5.8% |
| Stocks and contracts in progress3 | €53,331 | €48,598 | €45,305 | €45,415 | €53,263 | €47,555 | €43,707 | €41,799 | ▼ 4.4% |
| Stocks30/36 | - | - | - | €45,415 | €53,263 | €47,555 | €43,707 | €41,799 | ▼ 4.4% |
| Amounts receivable within one year40/41 | €19,060 | €34,508 | €23,825 | €20,713 | €19,990 | €9,462 | €18,894 | €17,706 | ▼ 6.3% |
| Trade receivables40 | - | - | - | €20,713 | €13,889 | €6,947 | €10,190 | €16,399 | ▲ 60.9% |
| Other amounts receivable41 | - | - | - | - | €6,101 | €2,514 | €8,704 | €1,307 | ▼ 85.0% |
| Current investments50/53 | €1,625 | €1,625 | €1,625 | €1,625 | €1,625 | €1,625 | €1,625 | €1,625 | = |
| Cash at bank and in hand54/58 | €35,542 | €26,137 | €32,813 | €22,239 | €38,587 | €24,678 | €16,657 | €22,995 | ▲ 38.0% |
| Deferred charges and accrued income490/1 | - | - | - | €42 | - | - | €1,713 | €3,243 | ▲ 89.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €140,375 | €143,662 | €123,610 | €163,799 | €173,959 | €134,104 | €118,841 | €109,960 | ▼ 7.5% |
| Equity10/15 | €48,919 | €40,540 | €1,622 | €39,430 | €58,349 | €45,986 | €41,659 | €42,811 | ▲ 2.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €105,177 | €105,177 | €105,177 | €105,177 | €105,177 | €105,177 | €105,177 | €105,177 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €4,901 | €4,901 | €4,901 | €4,901 | €4,901 | = |
| Distributable reserves133 | - | - | - | €98,415 | €98,415 | €100,275 | €100,275 | €100,275 | = |
| Profit (loss) carried forward14 | -€74,858 | -€83,237 | -€122,155 | -€84,347 | -€65,428 | -€77,791 | -€82,118 | -€80,966 | ▲ 1.4% |
| Amounts payable17/49 | €91,457 | €103,122 | €121,989 | €124,368 | €115,609 | €88,118 | €77,181 | €67,149 | ▼ 13.0% |
| Amounts payable after more than one year17 | €84,781 | €66,435 | €66,435 | €119,873 | €112,655 | €84,809 | €74,193 | €65,682 | ▼ 11.5% |
| Other amounts payable178/9 | - | - | - | €119,873 | €112,655 | €84,809 | €74,193 | €65,682 | ▼ 11.5% |
| Amounts payable within one year42/48 | €5,961 | €35,462 | €53,958 | €4,210 | €2,532 | €2,827 | €469 | €1,261 | ▲ 169% |
| Trade debts44 | €5,961 | €34,679 | €24,127 | €3,532 | €133 | - | - | - | - |
| Suppliers440/4 | - | - | - | €3,532 | €133 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €678 | €2,399 | €2,827 | €469 | €1,261 | ▲ 169% |
| Taxes450/3 | - | - | - | €678 | €2,399 | €2,827 | €469 | €1,261 | ▲ 169% |
| Accrued charges and deferred income492/3 | - | - | - | €285 | €423 | €483 | €2,520 | €206 | ▼ 91.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€974 | -€8,378 | -€38,919 | €37,808 | €18,919 | -€12,363 | -€4,327 | €1,151 | - |
| + Depreciation and write-downs630 | €4,386 | €5,085 | €6,361 | €8,161 | €13,839 | €14,275 | €14,540 | €14,718 | ▲ 1.2% |
| Operating cash flow (approximation) | €3,411 | -€3,294 | -€32,558 | €45,969 | €32,758 | €1,912 | €10,214 | €15,869 | ▲ 55.4% |
| Investment in fixed assets (approximation) | - | -€7,062 | €6,434 | -€61,927 | -€568 | -€4,565 | €0 | -€1,064 | - |
| Change in cash | - | -€9,405 | €6,677 | -€10,574 | €16,348 | -€13,908 | -€8,021 | €6,338 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00269147 | NBB |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00251869 | |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00209009 | |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00237121 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20073758 | |
| 31-12-2020 | abbreviated format | 05-08-2021 | 2021-46500517 | |
| 31-12-2019 | abbreviated format | 10-08-2020 | 2020-40900399 | |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-24600034 | |
| 31-12-2017 | abbreviated format | 15-06-2018 | 2018-19600259 | |
| 31-12-2016 | abbreviated format | 05-07-2017 | 2017-28300048 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 14-11-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NOELMANS Oger Gerard Martin |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, algemene vergadering bepaalt aantal,duur opdracht en bij meerdere bestuurders bevoegdheid”“Algemene vergadering kan mandaat al dan niet in statuten benoemde bestuurder steeds beëindigen wegens wettige reden zonder opzeggingstermijn…”
Articles of association, deed of 14-11-2023 (in Dutch)
Network & group
EFORA shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of EFORA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-11
Gazette deed
Resignation: NOELMANS Oger Gerard Martin (statutair bestuurder,voorheen statutaire zaakvoerder)Appointment: NOELMANS Oger Gerard Martin (director) · Amendment of the articles · Capital conversion9 points ▸
- General meeting, 26-10-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39,§2,derde lid” (deed in Dutch)
- Power of attorney, Mia KNAPEN
- Director resignation, NOELMANS Oger Gerard Martin (statutair bestuurder,voorheen statutaire zaakvoerder)
- Director appointment, NOELMANS Oger Gerard Martin (director (not named in the articles))
- Other provision, “kwijting ontslagnemende bestuurder voorheen zaakvoerder voor uitoefening mandaat, volgende jaarvergadering” (deed in Dutch)
- Registered office clause, “verklaart, 3700 Tongeren,de Schaetzengaarde 32” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202512 activities
- Handelsbemiddeling in machines en uitrusting voor handel en nijverheid en in schepen en luchtvaartuigen
- Handelsbemiddeling in elektrisch en elektronisch materiaal,inclusief installatiemateriaal voor industrieel gebruik
- Handelsbemiddeling in machines en uitrusting voor de dienstverlenende sector
- Niet-gespecialiseerde handelsbemiddeling uitgezonderd producten onderworpen aan vergunning
- De groothandel in elektrisch installatiemateriaal voor huishoudelijk gebruik
- De groothandel in ander elektrisch en elektronisch materiaal zoals elektromotoren,transformators,schakelborden,elektronische componenten,enzovoort
- De groothandel in overige machines en uitrusting voor industrieel gebruik,uitgezonderd producten onderworpen aan vergunning
- Vervaardiging van toestellen voor het inschakelen,uitschakelen,omschakelen,aansluiten of verdelen van of voor het beveiligen tegen elektrische stroom: schakelaars,zekeringen,bliksemafleiders,overspanningsveiligheden,golfafvlakkers,…
- De vervaardiging van borden,panelen,consoles,kasten en dergelijke voor elektrische bediening of voor het verdelen van elektrische stroom
- De vervaardiging van elektronisch geïntegreerde schakelingen en microassemblages: monolithisch geïntegreerde schakelingen,hybride geïntegreerde schakelingen en elektronische microassemblages in de vorm van gegoten modules,micromodules,en dergelijke
- De uitwerking en de realisatie van projecten op het gebied van de elektriciteit en elektronica,mijnbouw,chemie,machine- en werktuigbouw,industriële systeemontwikkeling,veiligheid,enzovoort
- De industriële vormgeving
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73347A0363/00N005 | Flanders | 7,192 m² | 1 · 728 m² | 19.6 m · 5 |
| 73083D0247/00P003 | Flanders | 635 m² | 1 · 195 m² | 9.5 m · 2 |