EFFECT-IT
ActiveSummary
EFFECT-IT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €518k and a net result of €144k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▲+4
Solvency89▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 2.49 in 2023; short-term debt: 28.4% and cash: 31.5% of total assets), and 35.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 2024Solvency, return and age of the figures
Solvency
64.3%
Return on assets
17.9%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
13 d early
2022
11 d early
2021
17 d early
2020
23 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€518k▲ 1.6%
2023 · €510k
2018: €202k
2019: €338k
2020: €369k
2021: €464k
2022: €474k
2023: €510k
2018 → 2024
Total assets
€806k▲ 15.0%
2023 · €701k
2018: €287k
2019: €412k
2020: €594k
2021: €651k
2022: €659k
2023: €701k
2018 → 2024
Net result
€144k▲ 40.5%
2023 · €103k
2018: €67k
2019: €136k
2020: €72k
2021: €124k
2022: €64k
2023: €103k
2018 → 2024
Working capital
€155k▼ 7.1%
2023 · €167k
2018: €117k
2019: €251k
2020: €60k
2021: €145k
2022: €145k
2023: €167k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€369k-€464k▲ 25.6%€474k▲ 2.2%€510k▲ 7.6%€518k▲ 1.6%
Operating result€106k-€183k▲ 72.6%€124k▼ 32.1%€152k▲ 21.9%€213k▲ 40.1%
Net result€72k-€124k▲ 73.1%€64k▼ 48.3%€103k▲ 60.3%€144k▲ 40.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 40% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €806k
Fixed assets
€423k =
Current assets
€384k ▲ 37.8%
Equity and liabilities €806k
Equity
€518k ▲ 1.6%
Debt
€288k ▲ 50.8%
Debt's share of the balance-sheet total rises from 27.3% to 35.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€219k▲
2023 · €158k
Cash flow
€150k▲
2023 · €109k
Current ratio
1.68▼
2023 · 2.49
Debt to equity
0.56▲
2023 · 0.37
ROE
27.8%▲
2023 · 20.1%
ROA
17.9%▲
2023 · 14.6%
Interest coverage
44.30▲
2023 · 30.17
Debt ≤ 1 year
€229k▲
2023 · €112k
Debt > 1 year
€58k▼
2023 · €79k
Income taxes
€63k▲
2023 · €44k
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 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€701k€806k▲
Fixed assets21/28€423k€423k=
Tangible fixed assets22/27€423k€418k▼
Land and buildings22€414k€408k▼
Furniture and vehicles24-€1k
Other tangible fixed assets26€9k€9k=
Financial fixed assets28-€5k
Current assets29/58€278k€384k▲
Amounts receivable within one year40/41€101k€123k▲
Trade receivables40€71k€123k▲
Other amounts receivable41€30k€0▼
Current investments50/53€1€1▼
Cash at bank and in hand54/58€169k€254k▲
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€701k€806k▲
Equity10/15€510k€518k▲
Contributions10/11€6k€6k=
Reserves13€504k€512k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€504k€512k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€191k€288k▲
Amounts payable after more than one year17€79k€58k▼
Financial debts170/4€79k€58k▼
Amounts payable within one year42/48€112k€229k▲
Current portion of amounts payable after more than one year42€20k€21k▲
Trade debts44€19k€2k▼
Suppliers440/4€19k€2k▼
Taxes, remuneration and social security45€5k€44k▲
Taxes450/3€5k€44k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€67k€162k▲
Accrued charges and deferred income492/3€85€1k▲
Income statement
Code20232024
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€6k€12k▲
Gross operating margin9900€163k€231k▲
Operating profit (loss)9901€152k€213k▲
Financial income75/76B€731€6▼
Recurring financial income75€731€6▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€147k€208k▲
Income taxes67/77€44k€63k▲
Profit (loss) for the period9904€103k€144k▲
Profit (loss) for the period to be appropriated9905€103k€144k▲
Appropriation of the result
Profit (loss) to be appropriated9906€103k€144k▲
Transfer from equity791/2€67k€136k▲
Transfer to equity691/2€103k€144k▲
To other reserves6921€103k€144k▲
Profit to be distributed694/7€67k€136k▲
Return on contributions (dividend)694€67k€136k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Highest result since 2018net €144k ▲40.5%
Operating result €213k, net result €144k, both a record.
06-11
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €510k ▲7.6%
6 profitable years in a row build equity to €510k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €64k ▼48.3%
Net result drops to €64k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 9.09
Current ratio from 4.40 to 9.09; short-term debt falls from €34k to €31k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Lokeren · 1 establishment unit since 2009
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.
Nieuwe Molenstraat 109160 LokerenGround area
1,130 m²
Building footprint
206 m²
Volume, LiDAR
1,492 m³
Parcel 46384C0240/00F000, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EFFECT-IT
since 20092.181.650.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384C0240/00F000 | Flanders | 1,130 m² | 1 · 206 m² | 11.4 m · 2 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 · 1 entry · 162 EUR awarded · 162 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 162 EUR | 162 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
2549001DFYT8LE2JSP30
Similar companies · same sector, comparable size
KUBERA CONSULTING
BE 0878.714.684
Gent · Eq €518,486
NIMBLUS
BE 0889.058.547
Merelbeke-Melle · Eq €517,891
B_Robots
BE 0686.715.557
Hasselt · Eq €518,581
MUTUALIS
BE 0806.679.417
Waterloo · Eq €518,780
VALEMOS
BE 0534.405.068
Asse · Eq €517,596
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 11,818 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
Founded02-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73110Advertising agencies
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.