Summary
EFRAX has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €438k and a net result of €45k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 60 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-03-2026, 57 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
57 d early
2024
57 d early
2023
50 d early
2022
47 d early
2021
53 d early
2020
59 d early
2019
58 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€438k▲ 11.5%
2024 · €393k
Total assets
€578k▲ 3.8%
2024 · €557k
Net result
€45k▼ 8.1%
2024 · €49k
Working capital
€160k▼ 11.9%
2024 · €182k
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€80k▲ 18.6%€77k▼ 3.4%€74k▼ 3.7%€69k▼ 6.4%€63k▼ 8.7%
Net result€55k▲ 27.9%€54k▼ 3.2%€58k▲ 7.4%€49k▼ 14.3%€45k▼ 8.1%
Equity€292k▲ 23.4%€346k▲ 18.4%€344k▼ 0.7%€393k▲ 14.4%€438k▲ 11.5%
Total assets€525k▲ 6.7%€557k▲ 6.0%€531k▼ 4.7%€557k▲ 4.9%€578k▲ 3.8%
Debt€233k▼ 8.8%€211k▼ 9.6%€187k▼ 11.2%€164k▼ 12.6%€139k▼ 14.8%
Working capital€44k▲ 298%€75k▲ 70.8%€155k▲ 107%€182k▲ 17.3%€160k▼ 11.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 9% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €578k
Fixed assets
€378k ▲ 15.1%
Current assets
€200k ▼ 12.4%
Equity and liabilities €578k
Equity
€438k ▲ 11.5%
Debt
€139k ▼ 14.8%
Debt's share of the balance-sheet total falls from 29.4% to 24.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.3%▼
2024 · 12.6%
ROA
7.9%▼
2024 · 8.9%
Debt ≤ 1 year
€39k▼
2024 · €46k
Debt > 1 year
€100k▼
2024 · €118k
Income taxes
€15k▼
2024 · €17k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €1k | €564 | ▼ 46.4% |
| Other operating charges640/8 | - | €507 | €557 | €782 | €585 | ▼ 25.1% |
| Gross operating margin9900 | €81k | €78k | €76k | €71k | €64k | ▼ 9.4% |
| Operating profit (loss)9901 | €80k | €77k | €74k | €69k | €63k | ▼ 8.7% |
| Financial income75/76B | - | €10 | €6k | €1k | €2k | ▲ 25.6% |
| Recurring financial income75 | - | €10 | €1k | €1k | €2k | ▲ 25.6% |
| Non-recurring financial income76B | - | - | €5k | - | - | - |
| Financial charges65/66B | - | €5k | €5k | €5k | €4k | ▼ 6.2% |
| Recurring financial charges65 | €6k | €5k | €5k | €5k | €4k | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €74k | €72k | €75k | €66k | €61k | ▼ 8.1% |
| Income taxes67/77 | €19k | €18k | €18k | €17k | €15k | ▼ 8.3% |
| Profit (loss) for the period9904 | €55k | €54k | €58k | €49k | €45k | ▼ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €55k | €54k | €58k | €49k | €45k | ▼ 8.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €525k | €557k | €531k | €557k | €578k | ▲ 3.8% |
| Fixed assets21/28 | €437k | €436k | €330k | €328k | €378k | ▲ 15.1% |
| Tangible fixed assets22/27 | €4k | €3k | €2k | €564 | - | - |
| Furniture and vehicles24 | - | €3k | €2k | €564 | - | - |
| Financial fixed assets28 | €433k | €433k | €328k | €328k | €378k | ▲ 15.2% |
| Current assets29/58 | €89k | €121k | €201k | €228k | €200k | ▼ 12.4% |
| Amounts receivable after more than one year29 | - | - | €80k | €50k | €20k | ▼ 60.0% |
| Other amounts receivable291 | - | - | €80k | €50k | €20k | ▼ 60.0% |
| Amounts receivable within one year40/41 | €6k | €6k | €39k | €38k | €37k | ▼ 3.1% |
| Trade receivables40 | - | €5k | €7k | €5k | €3k | ▼ 25.0% |
| Other amounts receivable41 | - | €1k | €33k | €33k | €33k | = |
| Cash at bank and in hand54/58 | €83k | €115k | €82k | €140k | €142k | ▲ 1.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €871 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €525k | €557k | €531k | €557k | €578k | ▲ 3.8% |
| Equity10/15 | €292k | €346k | €344k | €393k | €438k | ▲ 11.5% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €192k | €246k | €244k | €293k | €338k | ▲ 15.5% |
| Non-distributable reserves130/1 | - | €10k | €10k | - | - | - |
| Other1319 | - | €10k | €10k | - | - | - |
| Distributable reserves133 | - | €236k | €234k | €293k | €338k | ▲ 15.5% |
| Amounts payable17/49 | €233k | €211k | €187k | €164k | €139k | ▼ 14.8% |
| Amounts payable after more than one year17 | €188k | €165k | €141k | €118k | €100k | ▼ 15.0% |
| Financial debts170/4 | - | €165k | €141k | €118k | €100k | ▼ 15.0% |
| Amounts payable within one year42/48 | €45k | €46k | €46k | €46k | €39k | ▼ 14.3% |
| Current portion of amounts payable after more than one year42 | - | €24k | €24k | €24k | €18k | ▼ 25.0% |
| Trade debts44 | €3k | €5k | €5k | €5k | €5k | ▼ 1.9% |
| Suppliers440/4 | - | €5k | €5k | €5k | €5k | ▼ 1.9% |
| Taxes, remuneration and social security45 | - | €1k | €1k | €1k | €831 | ▼ 43.0% |
| Taxes450/3 | - | €1k | €1k | €1k | €831 | ▼ 43.0% |
| Other amounts payable47/48 | - | €16k | €16k | €16k | €16k | ▲ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55k | €54k | €58k | €49k | €45k | ▼ 8.1% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €1k | €564 | ▼ 46.4% |
| Operating cash flow (approximation) | €56k | €55k | €59k | €50k | €46k | ▼ 8.9% |
| Investment in fixed assets (approximation) | - | €0 | €105k | €0 | €-50k | - |
| Change in cash | - | €32k | €-33k | €58k | €2k | ▼ 96.6% |
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
04-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €58k ▲7.4%
Net result €58k, the highest in the series.
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200kEq €237k ▲22.4%
3 profitable years in a row build equity to €237k.
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €26k ▼19.6%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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, Brasschaat · 1 establishment unit since 2016
Ground area
2,713 m²
Building footprint
284 m²
Volume, LiDAR
2,038 m³
Parcel 11323F0001/00M004, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EFRAX
since 20162.253.464.903
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0001/00M004 | Flanders | 2,713 m² | 1 · 284 m² | 10.1 m · 2 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 97 companies in sector 21209 we hold annual accounts for 74. 37 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
Founded23-05-2016
Fiscal year end30-09
Activities, NACEBEL 2025
21209Manufacture of basic pharmaceutical products and pharmaceutical preparations
46150Agents in the wholesale of furniture, household goods and hardware
46460Wholesale of pharmaceutical and medical goods
47730Retail sale of pharmaceutical products
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47783Retail trade
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.