EFV
ActiveSummary
EFV has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,704 and a net result of -€2,117. Its solvency ranks better than 94% of 34,789 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €51,704
- Loss
- -€2,117
Why 86raises riskFounded in 2022Size: total assets €56,736lowers riskLiquidity: current ratio 10.77, cash €28,091Equity €51,704 (91.1% of total assets)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 90% on solvency, 98% on liquidity, 14% on profitability and 29% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 2 accounts on average 28 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than doubledcurrent ratio 10.77
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €1,141 after €65,946 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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).
Peer companies
Historical observationOf the 2,145 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 91.7% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,145 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,794 | €2,479 | ▼ 11.3% |
| Other operating charges640/8 | €827 | €696 | ▼ 15.9% |
| Gross operating margin9900 | €69,566 | €2,034 | ▼ 97.1% |
| Operating profit (loss)9901 | €65,946 | -€1,141 | - |
| Financial income75/76B | €1,223 | €1,940 | ▲ 58.6% |
| Recurring financial income75 | €1,223 | €1,940 | ▲ 58.6% |
| Financial charges65/66B | €4,311 | €2,812 | ▼ 34.8% |
| Recurring financial charges65 | €4,311 | €2,812 | ▼ 34.8% |
| Profit (loss) for the period before taxes9903 | €62,858 | -€2,013 | - |
| Income taxes67/77 | €13,037 | €104 | ▼ 99.2% |
| Profit (loss) for the period9904 | €49,821 | -€2,117 | - |
| Profit (loss) for the period to be appropriated9905 | €49,821 | -€2,117 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €72,709 | €56,736 | ▼ 22.0% |
| Fixed assets21/28 | €3,765 | €2,543 | ▼ 32.5% |
| Tangible fixed assets22/27 | €3,765 | €2,543 | ▼ 32.5% |
| Plant, machinery and equipment23 | €3,765 | €2,543 | ▼ 32.5% |
| Current assets29/58 | €68,944 | €54,193 | ▼ 21.4% |
| Amounts receivable within one year40/41 | €51,858 | €23,533 | ▼ 54.6% |
| Trade receivables40 | €31,455 | €555 | ▼ 98.2% |
| Other amounts receivable41 | €20,403 | €22,978 | ▲ 12.6% |
| Cash at bank and in hand54/58 | €14,737 | €28,091 | ▲ 90.6% |
| Deferred charges and accrued income490/1 | €2,349 | €2,569 | ▲ 9.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €72,709 | €56,736 | ▼ 22.0% |
| Equity10/15 | €53,821 | €51,704 | ▼ 3.9% |
| Contributions10/11 | €4,000 | €4,000 | = |
| Reserves13 | €49,821 | €49,821 | = |
| Distributable reserves133 | €49,821 | €49,821 | = |
| Profit (loss) carried forward14 | - | -€2,117 | - |
| Amounts payable17/49 | €18,888 | €5,032 | ▼ 73.4% |
| Amounts payable within one year42/48 | €18,888 | €5,032 | ▼ 73.4% |
| Trade debts44 | €4,051 | €2,528 | ▼ 37.6% |
| Suppliers440/4 | €4,051 | €2,528 | ▼ 37.6% |
| Taxes, remuneration and social security45 | €14,837 | €2,504 | ▼ 83.1% |
| Taxes450/3 | €14,837 | €2,504 | ▼ 83.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €49,821 | -€2,117 | - |
| + Depreciation and write-downs630 | €2,794 | €2,479 | ▼ 11.3% |
| Operating cash flow (approximation) | €52,615 | €362 | ▼ 99.3% |
| Investment in fixed assets (approximation) | - | -€1,257 | - |
| Change in cash | - | €13,354 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 30-12-2025 | 2025-00592088 |
| 30-06-2024 | micro format | 08-01-2025 | 2025-00001085 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VREYS Fabian Ludo Lutgarde |
|
Owners and capital
Capital and shareholders
- VREYS Fabian Ludo Lutgarde 40 shares (100%) · €4,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 13-12-2022 Incorporation · €4,000 · 40 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-12
Gazette deed
IncorporationAppointment: VREYS Fabian Ludo Lutgarde (director) · Founder · Founding capital5 facts ▸
- Incorporation, “EFV” (deed in Dutch)
- Founder, VREYS Fabian Ludo Lutgarde (oprichter aandeelhouder)
- Founding capital, €4,000
- Director appointment, VREYS Fabian Ludo Lutgarde (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen verplichtingen activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0794.580.745
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72020C1398/00Y010 | Flanders | 923 m² | 1 · 153 m² | 7.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Reparatie van consumentenelektronica; Elektrotechnische installatiewerken; Elektrotechnische installatiewerken uitgezonderd aan gebouwen…” (deed in Dutch)
40 activities (deed in Dutch)
- Reparatie van consumentenelektronica
- Elektrotechnische installatiewerken
- Elektrotechnische installatiewerken uitgezonderd aan gebouwen
- Detailhandel in elektrische huishoudapparaten in gespecialiseerde winkels
- Ingenieurs en aanverwante technische adviseurs, exclusief landmeters
- Installatie van elektrische bedrading en toebehoren
- Installatie van bedrading voor telefooninstallaties en computersystemen
- Installatie van bewakingssystemen en alarminstallaties tegen diefstal
- Installatie van verlichtings- en signaleringssystemen voor wegen en spoorwegen, in havens en luchthavens (inclusief de installatie van verkeersborden)
- Handelsbemiddeling in hout en bouwmaterialen
- Handelsbemiddeling in elektrische en elektronisch materiaal, inclusief installatiemateriaal voor industrieel gebruik
- Handelsbemiddeling in loodgietersmateriaal, elektrische installatiemateriaal voor huishoudelijk gebruik en verwarmingsinstallaties
- Groothandel in elektrische huishoudelijke apparaten
- Groothandel in audio- en videoapparaten
- Groothandel in verlichtingsapparatuur
- Groothandel in elektronische en telecommunicatieapparatuur en delen ervan
- Groothandel in elektrisch materiaal, inclusief installatiemateriaal
- Groothandel in bouwmaterialen, algemeen assortiment
- Groothandel in ijzerwaren voor algemeen gebruik (nagels, draad, schroeven, bouten, enz.) werktuigen (hamers, zagen, schroevendraaiers, enz.) en elektrisch aangedreven handgereedschap
- Bouwmarkten en andere doe-het-zelfzaken in bouwmaterialen, algemeen assortiment
- Detailhandel in elektrische huishoudapparaten in gespecialiseerde winkels
- Kleinhandel in elektrische huishoudapparaten
- Detailhandel in verlichtingsartikelen in gespecialiseerde winkels
- Detailhandel in verlichtingsartikelen
- Uitwerking en realisatie van projecten op het gebied van elektriciteit en elektronica, mijnbouw, chemie, machine- en werktuigbouw, industriële systeemontwikkeling, veiligheid, enz.
- Reparatie van consumentenelektronica
- Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
- Aanleg van leidingen voor het vervoer en distributie van elektrische energie
- Overige zakelijke dienstverlening
- Onderneming voor de installatie van elektrische verwarmingsinstallaties
- Installatie van verwarming, klimaatregeling en ventilatie
- Alarm
- Brandbeveiliging
- Camerabewaking
- Ventilatie
- Koeltechnieken
- Plaatsen en verkopen van zonnepanelen
- Videofonie
- Domotica
- Overige bouwinstallaties niet eerder genoemd
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- EFV
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 3920 Lommel, Leliestraat 39” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “9) Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, benoemd met of zonder beperking van duur, indien benoemd in statuten hoedanigheid van statutair bestuurder” (deed in Dutch)2 more provisions on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of December at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)“Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie als vereffenaar(s) krachtens statuten” (deed in Dutch)