EFY
ActiveSummary
EFY has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €15k. Equity is shrinking by ~25.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 15% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▲+28
Solvency39▼-17
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.48 in 2024; short-term debt: 86% and cash: 2.6% of total assets), and 86.1% 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 · 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
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
13.9%
Return on assets
7.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
53 d early
2024
27 d late
2023
91 d late
2022
29 d late
2021
2 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€29k▼ 69.1%
2024 · €93k
Total assets
€206k▼ 31.8%
2024 · €302k
Net result
€15k
2024 · €-49k
Working capital
€14k▼ 83.9%
2024 · €86k
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€32k-€26k▼ 19.8%€-29k€-48k▼ 66.0%€-42k▲ 12.1%
Net result€20k-€16k▼ 21.0%€-30k€-49k▼ 62.6%€15k
Equity€155k-€171k▲ 10.4%€141k▼ 17.5%€93k▼ 34.4%€29k▼ 69.1%
Total assets€327k-€336k▲ 2.6%€338k▲ 0.7%€302k▼ 10.8%€206k▼ 31.8%
Debt€172k-€165k▼ 4.5%€197k▲ 19.5%€209k▲ 6.2%€177k▼ 15.2%
Working capital€120k-€138k▲ 15.0%€96k▼ 30.8%€86k▼ 9.9%€14k▼ 83.9%
Staff (FTE)2.4-2.21.3▼ 40.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42k in 2025 against €48k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206k
Fixed assets
€15k ▼ 59.6%
Current assets
€191k ▼ 27.9%
Equity and liabilities €206k
Equity
€29k ▼ 69.1%
Debt
€177k ▼ 15.2%
Debt's share of the balance-sheet total rises from 69.2% to 86.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-33k▼
2024 · €-16k
Cash flow
€24k▲
2024 · €-16k
Current ratio
1.08▼
2024 · 1.48
Quick ratio
0.81▼
2024 · 1.16
Debt to equity
6.17▲
2024 · 2.25
ROE
52.0%▲
2024 · -52.4%
ROA
7.2%▲
2024 · -16.1%
Interest coverage
-7.52▼
2024 · -5.09
Debt ≤ 1 year
€177k▼
2024 · €179k
Income taxes
€155▼
2024 · €297
Staff costs
€10k▼
2024 · €57k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | €2k | - | - |
| Remuneration, social security and pensions62 | €97k | €76k | €100k | €57k | €10k | ▼ 81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €30k | €34k | €32k | €9k | ▼ 70.8% |
| Other operating charges640/8 | €2k | €2k | €6k | €2k | €7k | ▲ 312% |
| Non-recurring operating charges66A | - | €500 | €500 | - | €3k | - |
| Gross operating margin9900 | €159k | €134k | €111k | €43k | €-13k | ▼ 131% |
| Operating profit (loss)9901 | €32k | €26k | €-29k | €-48k | €-42k | ▲ 12.1% |
| Financial income75/76B | €138 | €1k | €2k | €3k | €62k | ▲ 1,854% |
| Recurring financial income75 | €138 | €1k | €2k | €3k | €4k | ▲ 32.7% |
| Non-recurring financial income76B | - | - | - | - | €58k | - |
| Financial charges65/66B | €3k | €3k | €2k | €3k | €4k | ▲ 38.8% |
| Recurring financial charges65 | €3k | €3k | €2k | €3k | €4k | ▲ 38.8% |
| Profit (loss) for the period before taxes9903 | €29k | €24k | €-30k | €-48k | €15k | ▲ 131% |
| Income taxes67/77 | €9k | €8k | €249 | €297 | €155 | ▼ 47.9% |
| Profit (loss) for the period9904 | €20k | €16k | €-30k | €-49k | €15k | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €20k | €16k | €-30k | €-49k | €15k | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €327k | €336k | €338k | €302k | €206k | ▼ 31.8% |
| Fixed assets21/28 | €82k | €63k | €68k | €37k | €15k | ▼ 59.6% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €82k | €63k | €68k | €37k | €9k | ▼ 75.0% |
| Plant, machinery and equipment23 | €16k | €9k | €7k | €6k | €5k | ▼ 5.1% |
| Furniture and vehicles24 | €65k | €54k | €61k | €31k | €4k | ▼ 88.0% |
| Financial fixed assets28 | €190 | €190 | €190 | €190 | €6k | ▲ 2,929% |
| Current assets29/58 | €246k | €273k | €270k | €265k | €191k | ▼ 27.9% |
| Stocks and contracts in progress3 | €83k | €83k | €74k | €58k | €47k | ▼ 18.8% |
| Stocks30/36 | - | - | - | - | €47k | - |
| Contracts in progress37 | €83k | €83k | €74k | €58k | - | - |
| Amounts receivable within one year40/41 | €96k | €108k | €143k | €172k | €136k | ▼ 20.8% |
| Trade receivables40 | €76k | €87k | €89k | €100k | €42k | ▼ 57.8% |
| Other amounts receivable41 | €20k | €22k | €54k | €72k | €94k | ▲ 30.4% |
| Cash at bank and in hand54/58 | €66k | €81k | €53k | €35k | €5k | ▼ 84.5% |
| Deferred charges and accrued income490/1 | €807 | €149 | €384 | €310 | €2k | ▲ 628% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €327k | €336k | €338k | €302k | €206k | ▼ 31.8% |
| Equity10/15 | €155k | €171k | €141k | €93k | €29k | ▼ 69.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €122k | €139k | €139k | €139k | €60k | ▼ 57.0% |
| Distributable reserves133 | €122k | €139k | €139k | €139k | €60k | ▼ 57.0% |
| Profit (loss) carried forward14 | €30k | €30k | €292 | €-48k | €-33k | ▲ 30.9% |
| Amounts payable17/49 | €172k | €165k | €197k | €209k | €177k | ▼ 15.2% |
| Amounts payable after more than one year17 | €47k | €30k | €22k | €30k | - | - |
| Financial debts170/4 | €47k | €30k | €22k | €30k | - | - |
| Amounts payable within one year42/48 | €125k | €134k | €175k | €179k | €177k | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | €20k | €19k | €23k | €12k | - | - |
| Trade debts44 | €74k | €95k | €130k | €153k | €94k | ▼ 38.2% |
| Suppliers440/4 | €74k | €95k | €130k | €153k | €94k | ▼ 38.2% |
| Advances received on contracts in progress46 | - | - | €13k | - | - | - |
| Taxes, remuneration and social security45 | €19k | €21k | €9k | €14k | €4k | ▼ 73.9% |
| Taxes450/3 | €9k | €17k | €9k | €13k | €4k | ▼ 71.7% |
| Remuneration and social security454/9 | €10k | €4k | €153 | €1k | - | - |
| Other amounts payable47/48 | €13k | - | - | - | €79k | - |
| Accrued charges and deferred income492/3 | - | €365 | - | €387 | €113 | ▼ 70.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €16k | €-30k | €-49k | €15k | ▲ 131% |
| + Depreciation and write-downs630 | €28k | €30k | €34k | €32k | €9k | ▼ 70.8% |
| Operating cash flow (approximation) | €49k | €47k | €4k | €-16k | €24k | ▲ 248% |
| Investment in fixed assets (approximation) | - | €-12k | €-38k | €-1k | €13k | ▲ 984% |
| Change in cash | - | €15k | €-28k | €-18k | €-29k | ▼ 60.3% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-49k
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Maasmechelen · 1 establishment unit since 2008
Ground area
2,086 m²
Building footprint
758 m²
Volume, LiDAR
4,125 m³
Parcel 73013D0977/00A000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
efy
since 20082.174.630.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013D0977/00A000 | Flanders | 2,086 m² | 1 · 758 m² | 7.4 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.
Similar companies · same sector, comparable size
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ASK STUKWERK
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CASA CARO
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SRH
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FRANCIS DEPYPERE
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Of 8,568 companies in sector 43410 we hold annual accounts for 4,366. 3,374 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
Founded14-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.