EF
ActiveSummary
The computed 12-month bankruptcy probability of EF is 2.7% (moderate). The 2024 annual accounts show negative equity (€-114k) and a net result of €36k. Equity is shrinking by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 7% of 18941 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.24 in 2023; short-term debt: 285.8% and cash: 51.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-185.8%
Return on assets
59.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 18941 sector peers (2024).
NBB · sector comparisonPosition among 18941 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
2 d early
2022
31 d late
2021
17 d early
2020
75 d late
2019
72 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-114k▲ 24.2%
2023 · €-151k
2018: €-45k
2019: €-60k
2020: €-54k
2021: €-78k
2022: €-110k
2023: €-151k
2018 → 2024
Total assets
€62k▲ 19.2%
2023 · €52k
2018: €21k
2019: €23k
2020: €42k
2021: €37k
2022: €45k
2023: €52k
2018 → 2024
Net result
€36k
2023 · €-41k
2018: €-48k
2019: €-15k
2020: €7k
2021: €-25k
2022: €-32k
2023: €-41k
2018 → 2024
Working capital
€-116k▲ 24.6%
2023 · €-154k
2018: €-56k
2019: €-69k
2020: €-61k
2021: €-84k
2022: €-115k
2023: €-154k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-54k-€-78k▼ 45.9%€-110k▼ 40.4%€-151k▼ 37.4%€-114k▲ 24.2%
Operating result€7k-€-23k€-30k▼ 25.7%€-38k▼ 28.4%€39k
Net result€7k-€-25k€-32k▼ 28.5%€-41k▼ 30.0%€36k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €39k after a loss of €38k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€2k ▼ 45.7%
Current assets
€60k ▲ 23.5%
Key figures and ratios
EBITDA
€41k▲
2023 · €-36k
Cash flow
€38k▲
2023 · €-40k
Solvency
-185.8%▲
2023 · -292.1%
Current ratio
0.34▲
2023 · 0.24
Quick ratio
0.32▲
2023 · 0.22
Debt to equity
-1.54▼
2023 · -1.34
ROA
59.2%▲
2023 · -79.6%
Interest coverage
15.00▲
2023 · -11.21
Debt
€176k▼
2023 · €203k
Debt ≤ 1 year
€176k▼
2023 · €203k
Staff costs
€97k▼
2023 · €124k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€52k€62k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€1k€507▼
Current assets29/58€48k€60k▲
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€21k€25k▲
Trade receivables40€21k€25k▲
Other amounts receivable41€133-
Cash at bank and in hand54/58€25k€32k▲
Equity and liabilities
Total equity and liabilities10/49€52k€62k▲
Equity10/15€-151k€-114k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-171k€-135k▲
Amounts payable17/49€203k€176k▼
Amounts payable within one year42/48€203k€176k▼
Trade debts44€27k€39k▲
Suppliers440/4€27k€39k▲
Taxes, remuneration and social security45€24k€47k▲
Taxes450/3€7k€14k▲
Remuneration and social security454/9€17k€33k▲
Other amounts payable47/48€151k€90k▼
Income statement
Code20232024
Non-recurring operating income76A-€52k
Remuneration, social security and pensions62€124k€97k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€92k€142k▲
Operating profit (loss)9901€-38k€39k▲
Financial income75/76B€15€4▼
Recurring financial income75€15€4▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-41k€36k▲
Profit (loss) for the period9904€-41k€36k▲
Profit (loss) for the period to be appropriated9905€-41k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-171k€-135k▲
Profit (loss) brought forward from the previous period14P€-130k€-171k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €36k
Net result €36k after 3 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Anneessensstraat 3-52018 AntwerpenGround area
575 m²
Building footprint
574 m²
Volume, LiDAR
12,132 m³
Parcel 11808H1250/00D000, Flanders · tallest building 26.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
EF
since 20162.250.290.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1250/00D000 | Flanders | 575 m² | 1 · 574 m² | 26.4 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.250.290.924
Similar companies · same sector, comparable size
VIA AURELIA
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BE 0792.742.002
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HPB NAMUR
BE 0743.930.612
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AXL
BE 0477.208.128
Charleroi · Eq €2,751
LA BODEGA DE JAVIER
BE 0812.099.440
Blégny · Eq €2,744
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 3,744 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.