Summary
EFTICO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €66,619 and a net result of €3,728. Equity is growing by about 6.5% per year across the filed financial years. Its solvency ranks better than 50% of 9,736 sector peers (NACE 64, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€66,619▲ 5.9%
2024 · €62,891
Net result
€3,728
2024 · -€4,059
Total assets
€131,327▲ 4.5%
2024 · €125,702
Solvency
50.7%▲ 0.7pp
2024 · 50.0%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €8,979 after a loss of €533 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€8,979
2025
Net result€3,728
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€131,327
2025
Equity€66,619
2025
Debt€64,708
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€51,436
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency50.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.93
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€20,348-€4,007▼ 80.3%€8,567▲ 114%€27,161▲ 217%-€6,165€17,606-€533€8,979
Net result€15,968-€931▼ 94.2%€3,801within the sector's middle half▲ 308%€18,748within the sector's middle half▲ 393%-€7,627below the sector's middle half€9,910within the sector's middle half-€4,059below the sector's middle half€3,728below the sector's middle half
Equity€45,232-€45,351▲ 0.3%€48,352within the sector's middle half▲ 6.6%€66,299within the sector's middle half▲ 37.1%€57,873within the sector's middle half▼ 12.7%€66,949within the sector's middle half▲ 15.7%€62,891within the sector's middle half▼ 6.1%€66,619within the sector's middle half▲ 5.9%
Total assets€80,905-€71,558▼ 11.6%€99,920below the sector's middle half▲ 39.6%€95,058below the sector's middle half▼ 4.9%€83,760below the sector's middle half▼ 11.9%€143,933within the sector's middle half▲ 71.8%€125,702within the sector's middle half▼ 12.7%€131,327within the sector's middle half▲ 4.5%
Debt€35,672-€26,207▼ 26.5%€51,569▲ 96.8%€28,758▼ 44.2%€25,887▼ 10.0%€76,983▲ 197%€62,811▼ 18.4%€64,708▲ 3.0%
Working capital€42,938-€44,181▲ 2.9%€45,196within the sector's middle half▲ 2.3%€62,723within the sector's middle half▲ 38.8%€55,140within the sector's middle half▼ 12.1%€45,512within the sector's middle half▼ 17.5%€45,933within the sector's middle half▲ 0.9%€51,436within the sector's middle half▲ 12.0%
Solvency55.9%-63.4%▲ 7.5pp48.4%within the sector's middle half▼ 15.0pp69.7%within the sector's middle half▲ 21.4pp69.1%within the sector's middle half▼ 0.7pp46.5%within the sector's middle half▼ 22.6pp50.0%within the sector's middle half▲ 3.5pp50.7%within the sector's middle half▲ 0.7pp
Current ratio2.26-2.72▲ 0.461.93within the sector's middle half▼ 0.793.25within the sector's middle half▲ 1.323.13within the sector's middle half▼ 0.121.88within the sector's middle half▼ 1.252.02within the sector's middle half▲ 0.131.93within the sector's middle half▼ 0.09
Return on assets (ROA)19.7%-1.3%▼ 18.4pp3.8%within the sector's middle half▲ 2.5pp19.7%within the sector's middle half▲ 15.9pp-9.1%below the sector's middle half▼ 28.8pp6.9%within the sector's middle half▲ 16.0pp-3.2%below the sector's middle half▼ 10.1pp2.8%within the sector's middle half▲ 6.1pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131,327
Fixed assets
€24,493 ▼ 29.1%
Current assets
€106,834 ▲ 17.2%
Equity and liabilities €131,327
Equity
€66,619 ▲ 5.9%
Debt
€64,708 ▲ 3.0%
Debt's share of the balance-sheet total falls from 50.0% to 49.3%. Equity and debt are higher.
Key figures and ratios
ROE
5.6%▲
2024 · -6.5%
Debt ≤ 1 year
€55,399▲
2024 · €45,231
Debt > 1 year
€9,310▼
2024 · €17,580
Income taxes
€2,549▲
2024 · €604
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,050 | €5,731 | €569 | €410 | ▼ 27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,136 | €2,136 | €2,076 | €1,776 | €1,776 | €12,264 | €12,450 | €12,440 | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€26,769 | -€2,946 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,471 | €4,891 | €1,207 | €1,921 | €1,166 | ▼ 39.3% |
| Non-recurring operating charges66A | - | - | - | €460 | €0 | €704 | €2,699 | €0 | ▼ 100% |
| Gross operating margin9900 | €24,166 | €14,947 | €32,932 | €4,100 | -€2,443 | €31,781 | €16,537 | €22,585 | ▲ 36.6% |
| Operating profit (loss)9901 | €20,348 | €4,007 | €8,567 | €27,161 | -€6,165 | €17,606 | -€533 | €8,979 | - |
| Financial income75/76B | - | - | - | €1 | €2 | €8 | €0 | €2 | - |
| Recurring financial income75 | €1 | - | €19 | €1 | €2 | €8 | €0 | €2 | - |
| Financial charges65/66B | - | - | - | €964 | €1,424 | €2,757 | €2,922 | €2,704 | ▼ 7.5% |
| Recurring financial charges65 | €1,460 | €1,574 | €2,786 | €964 | €1,424 | €2,757 | €2,922 | €2,704 | ▼ 7.5% |
| Profit (loss) for the period before taxes9903 | €18,889 | €2,433 | €5,799 | €26,198 | -€7,587 | €14,858 | -€3,455 | €6,277 | - |
| Income taxes67/77 | €2,920 | €1,502 | €1,999 | €7,450 | €40 | €4,948 | €604 | €2,549 | ▲ 322% |
| Profit (loss) for the period9904 | €15,968 | €931 | €3,801 | €18,748 | -€7,627 | €9,910 | -€4,059 | €3,728 | - |
| Profit (loss) for the period to be appropriated9905 | €15,968 | €931 | €3,801 | €18,748 | -€7,627 | €9,910 | -€4,059 | €3,728 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €80,905 | €71,558 | €99,920 | €95,058 | €83,760 | €143,933 | €125,702 | €131,327 | ▲ 4.5% |
| Fixed assets21/28 | €3,894 | €1,758 | €6,285 | €4,509 | €2,733 | €46,989 | €34,538 | €24,493 | ▼ 29.1% |
| Tangible fixed assets22/27 | €3,894 | €1,758 | €6,285 | €4,509 | €2,733 | €46,989 | €34,538 | €24,493 | ▼ 29.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,766 | €1,344 | €922 | ▼ 31.4% |
| Furniture and vehicles24 | - | - | - | €4,509 | €2,733 | €45,222 | €33,194 | €23,571 | ▼ 29.0% |
| Current assets29/58 | €77,010 | €69,800 | €93,635 | €90,549 | €81,027 | €96,944 | €91,164 | €106,834 | ▲ 17.2% |
| Amounts receivable within one year40/41 | €48,677 | €45,749 | €50,714 | €24,546 | €30,421 | €61,155 | €53,244 | €66,958 | ▲ 25.8% |
| Trade receivables40 | - | - | - | €21,996 | €22,751 | €56,833 | €47,821 | €66,931 | ▲ 40.0% |
| Other amounts receivable41 | - | - | - | €2,550 | €7,671 | €4,322 | €5,423 | €27 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €27,702 | €23,286 | €42,649 | €64,895 | €41,616 | €29,235 | €36,050 | €37,711 | ▲ 4.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,107 | €8,990 | €6,554 | €1,869 | €2,165 | ▲ 15.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €80,905 | €71,558 | €99,920 | €95,058 | €83,760 | €143,933 | €125,702 | €131,327 | ▲ 4.5% |
| Equity10/15 | €45,232 | €45,351 | €48,352 | €66,299 | €57,873 | €66,949 | €62,891 | €66,619 | ▲ 5.9% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €32,832 | €32,951 | €35,952 | €53,899 | €45,473 | €54,549 | €50,491 | €54,219 | ▲ 7.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €52,039 | €43,613 | €54,549 | €50,491 | €54,219 | ▲ 7.4% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €35,672 | €26,207 | €51,569 | €28,758 | €25,887 | €76,983 | €62,811 | €64,708 | ▲ 3.0% |
| Amounts payable after more than one year17 | - | - | €3,129 | €933 | €0 | €25,552 | €17,580 | €9,310 | ▼ 47.0% |
| Financial debts170/4 | - | - | - | €933 | €0 | €25,552 | €17,580 | €9,310 | ▼ 47.0% |
| Amounts payable within one year42/48 | €34,072 | €25,619 | €48,440 | €27,826 | €25,887 | €51,432 | €45,231 | €55,399 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,197 | €933 | €7,683 | €7,972 | €8,271 | ▲ 3.7% |
| Trade debts44 | €2,679 | €3,142 | €22,226 | €8,090 | €7,367 | €19,832 | €6,444 | €22,531 | ▲ 250% |
| Suppliers440/4 | - | - | - | €8,090 | €7,367 | €19,832 | €6,444 | €22,531 | ▲ 250% |
| Taxes, remuneration and social security45 | - | - | - | €2,704 | €430 | €6,371 | €10,470 | €10,643 | ▲ 1.7% |
| Taxes450/3 | - | - | - | €2,704 | €430 | €3,471 | €10,470 | €10,368 | ▼ 1.0% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,900 | €0 | €275 | - |
| Other amounts payable47/48 | - | - | - | €14,835 | €17,158 | €17,544 | €20,345 | €13,954 | ▼ 31.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,968 | €931 | €3,801 | €18,748 | -€7,627 | €9,910 | -€4,059 | €3,728 | - |
| + Depreciation and write-downs630 | €2,136 | €2,136 | €2,076 | €1,776 | €1,776 | €12,264 | €12,450 | €12,440 | ▼ 0.1% |
| Operating cash flow (approximation) | €18,105 | €3,067 | €5,877 | €20,524 | -€5,851 | €22,174 | €8,392 | €16,168 | ▲ 92.7% |
| Investment in fixed assets (approximation) | - | €0 | -€6,603 | €0 | €0 | -€56,520 | €0 | -€2,395 | - |
| Change in cash | - | -€4,416 | €19,362 | €22,247 | -€23,280 | -€12,381 | €6,816 | €1,661 | ▼ 75.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00241482 |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00304360 |
| 31-12-2023 | micro format | 17-09-2024 | 2024-00463077 |
| 31-12-2022 | micro format | 30-10-2023 | 2023-00496688 |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20163447 |
| 31-12-2020 | micro format | 15-07-2021 | 2021-35700449 |
| 31-12-2019 | micro format | 30-06-2020 | 2020-25600091 |
| 31-12-2018 | micro format | 20-06-2019 | 2019-21200243 |
| 31-12-2017 | micro format | 26-06-2018 | 2018-23300075 |
| 31-12-2016 | micro format | 20-07-2017 | 2017-34400589 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.