Equity
€28,680 from €171,241 in 2022
Equity fell by 83% in 3 years.
EFY
Lifetime
5 annual accounts with figures on one time axispeak €159,452 (2021)
-€13,158▼ €55,703
lowest -€48,586 (2024)
€14,914▲ €63,501
peak €171,241 (2022)
€28,680▼ 69.1%
€177,046▼ 15.2%
peak 2.2 FTE (2023)
-not published
Board3 names since 2021
1 directorÖZEN Yilmaz
Documentsfilings and deeds
08-06-202653 days before the deadline
2025abbreviated format
Gross margin from €42,545 to -€13,158Back to profit: €14,914Dividend €79,003Equity from €92,768 to €28,680Debts from €208,883 to €177,046Cash from €34,539 to €5,370
Key points
from the 2025 annual accountsResult
€14,914 €14,914
Back in profit in 2025, after a loss of €48,586 in 2024.
Debts
€177,046 86% of the balance sheet
Suppliers 53%Taxes and wages 2%Other 45%
Of this, €176,933 falls due within a year.
Liquidity
1.08 was 1.48 in 2024
Short-term debts fell from €178,533 to €176,933.
Filings
5 annual accounts 3 late
The 2023 accounts came latest: 91 days after the end of the period.
Position in the sector
13.9%
Lower solvency than 84% of companies in specialised construction. Sector median 44.0% · 9,973 companies.
Turnover not published (abbreviated or micro format)
Checked score
51
Fair
Financially stronger than 11% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.1%● unchanged vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.2%▲ +0.1 percentage points vs 03-2025
05-2025: 2.2%● unchanged vs 04-2025
06-2025: 2.1%▼ -0.1 percentage points vs 05-2025
07-2025: 2.1%● unchanged vs 06-2025
08-2025: 2.6%▲ +0.5 percentage points vs 07-2025
09-2025: 2.6%● unchanged vs 08-2025
10-2025: 2.6%● unchanged vs 09-2025
11-2025: 2.6%● unchanged vs 10-2025
12-2025: 2.6%● unchanged vs 11-2025
01-2026: 2.6%● unchanged vs 12-2025
02-2026: 2.6%● unchanged vs 01-2026
03-2026: 5.9%▲ +3.3 percentage points vs 02-2026
04-2026: 6.1%▲ +0.2 percentage points vs 03-2026highest value
05-2026: 3.0%▼ -3.1 percentage points vs 04-2026
06-2026: 2.9%▼ -0.1 percentage points vs 05-2026
07-2026: 2.0%▼ -0.9 percentage points vs 06-2026lowest value
08-2026: 2.0%● unchanged vs 07-2026lowest value
09-2026: 2.0%● unchanged vs 08-2026lowest value
10-2026: 2.0%● unchanged vs 09-2026lowest value
11-2026: 2.0%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
1 of the last 3 accounts late
Liquidity: current ratio 1.08, cash €5,370, halved
Sector: Specialised construction activities (NACE 43)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 17% of them on solvency, 5% on liquidity, 16% on profitability and 6% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as EFY has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EFY itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for EFY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.08 (1.48 in 2024), below the usual 1.5. Short-term debt is 86% and cash 2.6% of total assets. 86.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9973 sector peers (2025).
NBB · sector comparisonPosition among 9973 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 days early
2024
27 days late
2023
91 days late
2022
29 days late
2021
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 18 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 65 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0896604751
Registered office moved within Maasmechelen
New registered office: Nijverheidslaan 34A, 3630 Maasmechelen · Previous registered office: Kastanjelaan 45, 3630 Maasmechelen · Board meeting of 01-01-2026 · Gazette deed
Registered office moved to Maasmechelen
New registered office: Kastanjelaan 45, 3630 Maasmechelen · General meeting of 01-01-2024 · Gazette deed
1 statutory auditor appointed, 2 managers resigning, 1 director reappointed
Appointment: Jo François (statutory auditor) · Resignations: ÖZEN Yilmaz (manager) and ÖZEN Emin (manager) · Reappointment: ÖZEN Yilmaz (director) · General meeting of 28-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EFY Maasmechelen | €205,726 | -€13,158 | 13.9% | - |
| ALGEMENE DAKWERKEN SCHRIJVERS Tessenderlo-Ham | €219,658 | -€11,503 | 2.8% | - |
| VROLIX JAN DAKWERKEN Lommel | €198,820 | -€544 | 91.1% | - |
| MAASLAND DAKWERKEN Dilsen-Stokkem | €282,229 | -€7,937 | 33.3% | - |
| DAKWERKEN VETS Putte | €208,554 | -€330 | 96.0% | - |
| Marc Devriese Beernem | €218,968 | €450 | 67.6% | - |
| JEAN-LUC ARNDT Hamois | €245,389 | -€31,939 | 89.6% | - |
These companies have the same main activity as EFY: roofing work (NACE 43410). They are comparable in size and age: total assets between €199,000 and €282,000, founded between 2003 and 2012.
Official details
Source: KBO- Status
- Active since 14-03-2008Normal situation
- Activity
- Roofing workNACE 43410
- Establishment unit
- 2.174.630.3303630 Maasmechelen, since 14-03-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 10-03-2026
Annual accounts 2025
- €205,726▼ 31.8%
- ≈ 0.3 FTEestimated
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on EFY
EFY files the abbreviated format. That format states no turnover. The gross margin fell from €159,452 in 2021 to -€13,158 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EFY
- What is the company number of EFY?
- The company number of EFY is 0896.604.751. The VAT number is the same number with BE in front: BE 0896.604.751.
- Where is EFY based?
- The registered office is at Nijverheidslaan 34A, 3630 Maasmechelen.Company details
- What does EFY do?
- According to the KBO register, the main activity is roofing work (NACE 43410).
- What is the legal form of EFY?
- EFY is a private limited company (BV).
- When was EFY founded?
- EFY was founded on 14-03-2008.
- Is EFY still active?
- Yes, EFY is an active enterprise in the KBO register.
- How many employees does EFY have?
- EFY had an average of 1.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of EFY?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is EFY profitable?
- In financial year 2025, EFY made a profit of €14,914.
- Where can I find the annual accounts of EFY?
- EFY filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EFY due?
- EFY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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