EFP
ActiveSummary
EFP has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €311,232 and a net result of €25,229. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+60
Solvency99▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 3.91 against 3.37 in 2024; short-term debt: 24.8% and cash: 0% of total assets), and 26.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
73.6%
Return on assets
6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
17 d late
2021
1 d late
2020
13 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€311,232▲ 8.8%
2024 · €286,003
Total assets
€422,666▲ 0.8%
2024 · €419,315
Net result
€25,229
2024 · -€8,820
Working capital
€305,054▲ 11.0%
2024 · €274,705
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€39,865€6,501▼ 83.7%€19,356▲ 198%-€22,993€20,329
Net result€35,887above the sector's middle half▲ 160%€17,852within the sector's middle half▼ 50.3%€21,221within the sector's middle half▲ 18.9%-€8,820below the sector's middle half€25,229within the sector's middle half
Equity€255,749above the sector's middle half▲ 16.3%€273,601above the sector's middle half▲ 7.0%€294,822above the sector's middle half▲ 7.8%€286,003above the sector's middle half▼ 3.0%€311,232above the sector's middle half▲ 8.8%
Total assets€384,862above the sector's middle half▼ 0.3%€418,618above the sector's middle half▲ 8.8%€419,698above the sector's middle half▲ 0.3%€419,315above the sector's middle half▼ 0.1%€422,666above the sector's middle half▲ 0.8%
Debt€129,113▼ 22.2%€145,017▲ 12.3%€124,875▼ 13.9%€133,312▲ 6.8%€111,434▼ 16.4%
Working capital€244,177above the sector's middle half▲ 17.5%€262,935above the sector's middle half▲ 7.7%€276,178above the sector's middle half▲ 5.0%€274,705above the sector's middle half▼ 0.5%€305,054above the sector's middle half▲ 11.0%
Solvency66.5%above the sector's middle half▲ 9.5pp65.4%within the sector's middle half▼ 1.1pp70.2%above the sector's middle half▲ 4.9pp68.2%within the sector's middle half▼ 2.0pp73.6%above the sector's middle half▲ 5.4pp
Current ratio3.04within the sector's middle half▲ 0.652.85within the sector's middle half▼ 0.183.90above the sector's middle half▲ 1.053.37above the sector's middle half▼ 0.533.91above the sector's middle half▲ 0.54
Return on assets (ROA)9.3%within the sector's middle half▲ 5.8pp4.3%within the sector's middle half▼ 5.1pp5.1%within the sector's middle half▲ 0.8pp-2.1%below the sector's middle half▼ 7.2pp6.0%within the sector's middle half▲ 8.1pp
Staff (FTE)4.4▼ 20.0%3.9▼ 11.4%3.6▼ 7.7%4.5▲ 25.0%3▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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: €20,329 after a loss of €22,993 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422,666
Fixed assets
€12,768 ▼ 55.4%
Current assets
€409,898 ▲ 4.9%
Equity and liabilities €422,666
Equity
€311,232 ▲ 8.8%
Debt
€111,434 ▼ 16.4%
Debt's share of the balance-sheet total falls from 31.8% to 26.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,171▲
2024 · -€3,240
Cash flow
€41,071▲
2024 · €10,933
Debt to equity
0.36▼
2024 · 0.47
ROE
8.1%▲
2024 · -3.1%
Interest coverage
8.27▲
2024 · -0.55
Debt ≤ 1 year
€104,845▼
2024 · €116,000
Debt > 1 year
€6,565▼
2024 · €17,063
Income taxes
€10,435▲
2024 · €418
Staff costs
€44,404▼
2024 · €69,142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €34,467 | €48,453 | €46,172 | €69,142 | €44,404 | ▼ 35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,556 | €8,704 | €10,815 | €19,753 | €15,842 | ▼ 19.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,740 | - |
| Other operating charges640/8 | €4,863 | €3,814 | €3,067 | €3,537 | €3,345 | ▼ 5.4% |
| Gross operating margin9900 | €87,751 | €67,472 | €79,411 | €69,438 | €86,659 | ▲ 24.8% |
| Operating profit (loss)9901 | €39,865 | €6,501 | €19,356 | -€22,993 | €20,329 | ▲ 188% |
| Financial income75/76B | €18,599 | €21,548 | €15,861 | €20,475 | €19,708 | ▼ 3.7% |
| Recurring financial income75 | €18,599 | €21,548 | €15,861 | €20,475 | €19,708 | ▼ 3.7% |
| Financial charges65/66B | €3,993 | €4,046 | €4,304 | €5,883 | €4,372 | ▼ 25.7% |
| Recurring financial charges65 | €3,993 | €4,046 | €4,304 | €5,883 | €4,372 | ▼ 25.7% |
| Profit (loss) for the period before taxes9903 | €54,471 | €24,003 | €30,913 | -€8,402 | €35,664 | ▲ 524% |
| Income taxes67/77 | €18,583 | €6,151 | €9,692 | €418 | €10,435 | ▲ 2,397% |
| Profit (loss) for the period9904 | €35,887 | €17,852 | €21,221 | -€8,820 | €25,229 | ▲ 386% |
| Profit (loss) for the period to be appropriated9905 | €35,887 | €17,852 | €21,221 | -€8,820 | €25,229 | ▲ 386% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €384,862 | €418,618 | €419,698 | €419,315 | €422,666 | ▲ 0.8% |
| Fixed assets21/28 | €20,770 | €13,816 | €48,363 | €28,610 | €12,768 | ▼ 55.4% |
| Tangible fixed assets22/27 | €20,770 | €13,816 | €48,363 | €28,610 | €12,768 | ▼ 55.4% |
| Plant, machinery and equipment23 | €2,177 | €3,048 | €6,557 | €4,688 | €2,874 | ▼ 38.7% |
| Furniture and vehicles24 | €1,646 | €915 | €3,447 | €2,616 | €1,785 | ▼ 31.8% |
| Leasing and similar rights25 | €16,947 | €9,852 | €38,359 | €21,306 | €8,108 | ▼ 61.9% |
| Current assets29/58 | €364,092 | €404,802 | €371,335 | €390,705 | €409,898 | ▲ 4.9% |
| Stocks and contracts in progress3 | €18,548 | - | - | - | - | - |
| Contracts in progress37 | €18,548 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €342,482 | €402,877 | €368,805 | €387,457 | €407,105 | ▲ 5.1% |
| Trade receivables40 | €31,639 | €72,106 | €29,715 | €34,723 | €39,054 | ▲ 12.5% |
| Other amounts receivable41 | €310,843 | €330,771 | €339,090 | €352,734 | €368,051 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €823 | €6 | €6 | €6 | €6 | = |
| Deferred charges and accrued income490/1 | €2,239 | €1,919 | €2,524 | €3,242 | €2,787 | ▼ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €384,862 | €418,618 | €419,698 | €419,315 | €422,666 | ▲ 0.8% |
| Equity10/15 | €255,749 | €273,601 | €294,822 | €286,003 | €311,232 | ▲ 8.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €235,289 | €253,141 | €274,362 | €265,543 | €290,772 | ▲ 9.5% |
| Amounts payable17/49 | €129,113 | €145,017 | €124,875 | €133,312 | €111,434 | ▼ 16.4% |
| Amounts payable after more than one year17 | €9,160 | €3,044 | €29,719 | €17,063 | €6,565 | ▼ 61.5% |
| Financial debts170/4 | €9,160 | €3,044 | €29,719 | €17,063 | €6,565 | ▼ 61.5% |
| Amounts payable within one year42/48 | €119,915 | €141,868 | €95,156 | €116,000 | €104,845 | ▼ 9.6% |
| Current portion of amounts payable after more than one year42 | €7,035 | €6,745 | €9,805 | €9,612 | €10,498 | ▲ 9.2% |
| Financial debts43 | - | €22,807 | €1,757 | €22,963 | €17,681 | ▼ 23.0% |
| Credit institutions430/8 | - | €22,807 | €1,757 | €22,963 | €17,681 | ▼ 23.0% |
| Trade debts44 | €43,318 | €78,362 | €59,250 | €61,096 | €55,637 | ▼ 8.9% |
| Suppliers440/4 | €43,318 | €78,362 | €59,250 | €61,096 | €55,637 | ▼ 8.9% |
| Advances received on contracts in progress46 | €31,600 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €37,962 | €33,954 | €24,344 | €22,329 | €21,028 | ▼ 5.8% |
| Taxes450/3 | €24,238 | €22,944 | €21,396 | €8,594 | €10,608 | ▲ 23.4% |
| Remuneration and social security454/9 | €13,724 | €11,010 | €2,948 | €13,734 | €10,420 | ▼ 24.1% |
| Accrued charges and deferred income492/3 | €37 | €105 | €0 | €249 | €25 | ▼ 90.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,887 | €17,852 | €21,221 | -€8,820 | €25,229 | ▲ 386% |
| + Depreciation and write-downs630 | €8,556 | €8,704 | €10,815 | €19,753 | €15,842 | ▼ 19.8% |
| Operating cash flow (approximation) | €44,443 | €26,556 | €32,036 | €10,933 | €41,071 | ▲ 276% |
| Investment in fixed assets (approximation) | - | -€1,750 | -€45,362 | €0 | €0 | - |
| Change in cash | - | -€817 | €0 | €0 | €0 | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €25,229
Net result €25,229 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€8,820
Net result drops to -€8,820, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €36,118 ▲15.8%
Net result €36,118, the highest in the series.
31-12
Financial
Equity above €200,000Eq €206,077 ▲21.3%
2 profitable years in a row build equity to €206,077.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 acts for this company are 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, Grâce-Hollogne · 1 establishment unit since 2008
Ground area
272 m²
Building footprint
61 m²
Volume, LiDAR
472 m³
Parcel 62046A0214/00E003, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Mathieu de Lexhy 189, 4460 Grâce-Hollogne
since 20082.179.916.830
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0214/00E003 | Wallonia | 272 m² | 1 · 60 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,220 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
Founded05-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
Contact
Phone
04 263 47 23Grâce-Hollogne
Fax
04 263 47 23Grâce-Hollogne
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898365993
Registered
30-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.