NEFIMA
ActiveSummary
NEFIMA has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €157,267 and a net result of -€74,150. Equity is shrinking by ~14.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▲+2
Solvency36▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.06 in 2024; short-term debt: 22.2% and cash: 0.2% of total assets), and 89.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€74,150
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
14 d early
2023
58 d early
2022
111 d early
2021
137 d early
2020
113 d early
2019
113 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 82 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 4 June (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€157,267▼ 32.0%
2024 · €231,417
Total assets
€1.5m▼ 2.7%
2024 · €1.5m
Net result
-€74,150▲ 12.5%
2024 · -€84,730
Working capital
-€319,746▼ 14.9%
2024 · -€278,161
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-€46,943▼ 15.3%-€51,287▼ 9.3%-€52,256▼ 1.9%-€31,618▲ 39.5%-€31,629=
Net result-€62,877▼ 8.0%-€88,836▼ 41.3%-€111,852▼ 25.9%-€84,730▲ 24.2%-€74,150▲ 12.5%
Equity€270,246▼ 18.9%€181,410▼ 32.9%€316,147▲ 74.3%€231,417▼ 26.8%€157,267▼ 32.0%
Total assets€1.5m▼ 4.1%€1.4m▼ 4.2%€1.6m▲ 14.1%€1.5m▼ 3.8%€1.5m▼ 2.7%
Debt€1.2m▲ 0.1%€1.2m▲ 2.3%€1.3m▲ 5.1%€1.3m▲ 1.9%€1.3m▲ 2.5%
Working capital-€48,916▼ 46.9%-€66,484▼ 35.9%-€182,599▼ 175%-€278,161▼ 52.3%-€319,746▼ 14.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31,629 in 2025 against €31,618 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.5m ▼ 2.2%
Current assets
€9,752 ▼ 48.4%
Equity and liabilities €1.5m
Equity
€157,267 ▼ 32.0%
Debt
€1.3m ▲ 2.5%
Debt's share of the balance-sheet total rises from 84.9% to 89.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44,624▲
2024 · €42,922
Cash flow
€2,102▲
2024 · -€10,190
Current ratio
0.03▼
2024 · 0.06
Debt to equity
8.45▲
2024 · 5.60
ROE
-47.1%▼
2024 · -36.6%
ROA
-5.0%▲
2024 · -5.5%
Interest coverage
1.06▲
2024 · 0.82
Debt ≤ 1 year
€329,498▲
2024 · €297,045
Debt > 1 year
€1.0m=
2024 · €1.0m
Income taxes
€574▲
2024 · €458
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 2,507 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91,393 | €83,762 | €86,067 | €74,540 | €76,253 | ▲ 2.3% |
| Other operating charges640/8 | - | €9,007 | €10,027 | €10,655 | €10,888 | ▲ 2.2% |
| Non-recurring operating charges66A | - | - | €750 | €0 | - | - |
| Gross operating margin9900 | €53,370 | €41,483 | €44,588 | €53,577 | €55,512 | ▲ 3.6% |
| Operating profit (loss)9901 | -€46,943 | -€51,287 | -€52,256 | -€31,618 | -€31,629 | = |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €6 | €0 | - | - | - | - |
| Financial charges65/66B | - | €36,949 | €58,856 | €52,653 | €41,948 | ▼ 20.3% |
| Recurring financial charges65 | €15,342 | €36,949 | €58,856 | €52,653 | €41,948 | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | -€62,278 | -€88,235 | -€111,112 | -€84,272 | -€73,577 | ▲ 12.7% |
| Income taxes67/77 | €599 | €600 | €740 | €458 | €574 | ▲ 25.1% |
| Profit (loss) for the period9904 | -€62,877 | -€88,836 | -€111,852 | -€84,730 | -€74,150 | ▲ 12.5% |
| Profit (loss) for the period to be appropriated9905 | -€62,877 | -€88,836 | -€111,852 | -€84,730 | -€74,150 | ▲ 12.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.6m | €1.5m | €1.5m | ▼ 2.7% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.5m | €1.5m | €1.5m | ▼ 2.2% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.5m | €1.5m | €1.5m | ▼ 2.2% |
| Land and buildings22 | - | €1.2m | €1.5m | €1.5m | €1.5m | ▼ 1.8% |
| Plant, machinery and equipment23 | - | €16,711 | €13,408 | €8,438 | €3,468 | ▼ 58.9% |
| Furniture and vehicles24 | - | €14,826 | €0 | - | - | - |
| Current assets29/58 | €133,173 | €144,941 | €90,663 | €18,883 | €9,752 | ▼ 48.4% |
| Amounts receivable within one year40/41 | €5,940 | €7,428 | €5,583 | €4,943 | €7,061 | ▲ 42.8% |
| Trade receivables40 | - | €7,228 | €5,523 | €4,736 | €7,061 | ▲ 49.1% |
| Other amounts receivable41 | - | €200 | €60 | €208 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €127,233 | €137,513 | €85,080 | €13,940 | €2,692 | ▼ 80.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.6m | €1.5m | €1.5m | ▼ 2.7% |
| Equity10/15 | €270,246 | €181,410 | €316,147 | €231,417 | €157,267 | ▼ 32.0% |
| Contributions10/11 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Revaluation surpluses12 | - | - | €246,590 | €246,590 | €246,590 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€741,614 | -€830,449 | -€942,301 | -€1.0m | -€1.1m | ▼ 7.2% |
| Amounts payable17/49 | €1.2m | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 2.5% |
| Amounts payable after more than one year17 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Financial debts170/4 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Amounts payable within one year42/48 | €182,089 | €211,425 | €273,262 | €297,045 | €329,498 | ▲ 10.9% |
| Trade debts44 | €604 | €4,083 | €22,509 | €10,004 | €9,074 | ▼ 9.3% |
| Suppliers440/4 | - | €4,083 | €22,509 | €10,004 | €9,074 | ▼ 9.3% |
| Taxes, remuneration and social security45 | - | €6,373 | €8,741 | €8,390 | €8,602 | ▲ 2.5% |
| Taxes450/3 | - | €6,373 | €6,333 | €5,918 | €6,119 | ▲ 3.4% |
| Remuneration and social security454/9 | - | - | €2,408 | €2,472 | €2,483 | ▲ 0.5% |
| Other amounts payable47/48 | - | €200,969 | €242,012 | €278,651 | €311,822 | ▲ 11.9% |
| Accrued charges and deferred income492/3 | - | €37 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,877 | -€88,836 | -€111,852 | -€84,730 | -€74,150 | ▲ 12.5% |
| + Depreciation and write-downs630 | €91,393 | €83,762 | €86,067 | €74,540 | €76,253 | ▲ 2.3% |
| Operating cash flow (approximation) | €28,516 | -€5,073 | -€25,785 | -€10,190 | €2,102 | ▲ 121% |
| Investment in fixed assets (approximation) | - | -€10,785 | -€336,882 | -€85,373 | -€43,687 | ▲ 48.8% |
| Change in cash | - | €10,280 | -€52,433 | -€71,140 | -€11,248 | ▲ 84.2% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€111,852
Net result drops to -€111,852, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €316,147 ▲74.3%
Equity rises from €181,410 to €316,147.
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Martens-Latem · 1 establishment unit since 2003
Ground area
5,747 m²
Building footprint
296 m²
Volume, LiDAR
1,958 m³
Parcel 44064A0267/00Y000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Eikeldreef 13, 9830 Sint-Martens-Latem
since 20032.124.583.674
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0267/00Y000 | Flanders | 5,747 m² | 1 · 296 m² | 11.1 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded29-10-1982
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423232675
Also
9925:BE0423232675
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.