Summary
Effectco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.79M and a net result of €254k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 5547 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
46 d early
2024
45 d early
2023
50 d early
2022
5 d early
2021
45 d early
2020
45 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.79M▲ 16.6%
2024 · €1.53M
2020: €770klowest in 6 years
2021: €861k▲ +11.9% vs 2020
2022: €987k▲ +14.6% vs 2021
2023: €1.11M▲ +12.2% vs 2022
2024: €1.53M▲ +38.3% vs 2023
2025: €1.79M▲ +16.6% vs 2024highest in 6 years
2020 → 2025
Net result
€254k▼ 40.0%
2024 · €424k
2020: €520khighest in 6 years
2021: €91k▼ -82.4% vs 2020lowest in 6 years
2022: €126k▲ +37.7% vs 2021
2023: €121k▼ -3.9% vs 2022
2024: €424k▲ +252% vs 2023
2025: €254k▼ -40.0% vs 2024
2020 → 2025
Total assets
€2.58M▼ 3.0%
2024 · €2.66M
2020: €2.41M
2021: €2.37M▼ -1.6% vs 2020
2022: €2.36M▼ -0.3% vs 2021
2023: €2.35M▼ -0.3% vs 2022lowest in 6 years
2024: €2.66M▲ +13.2% vs 2023highest in 6 years
2025: €2.58M▼ -3.0% vs 2024
2020 → 2025
Solvency
69.2%▲ 11.7pp
2024 · 57.5%
2020: 32.0%lowest in 6 years
2021: 36.4%▲ +13.7% vs 2020
2022: 41.8%▲ +14.9% vs 2021
2023: 47.1%▲ +12.6% vs 2022
2024: 57.5%▲ +22.2% vs 2023
2025: 69.2%▲ +20.3% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€861k-€987k▲ 14.6%€1.11M▲ 12.2%€1.53M▲ 38.3%€1.79M▲ 16.6%
2021: €861klowest in 5 years
2022: €987k▲ +14.6% vs 2021
2023: €1.11M▲ +12.2% vs 2022
2024: €1.53M▲ +38.3% vs 2023
2025: €1.79M▲ +16.6% vs 2024highest in 5 years
Operating result€35k-€36k▲ 0.7%€28k▼ 22.3%€33k▲ 21.1%€6k▼ 81.0%
2021: €35k
2022: €36k▲ +0.7% vs 2021highest in 5 years
2023: €28k▼ -22.3% vs 2022
2024: €33k▲ +21.1% vs 2023
2025: €6k▼ -81.0% vs 2024lowest in 5 years
Net result€91k-€126k▲ 37.7%€121k▼ 3.9%€424k▲ 252%€254k▼ 40.0%
2021: €91klowest in 5 years
2022: €126k▲ +37.7% vs 2021
2023: €121k▼ -3.9% vs 2022
2024: €424k▲ +252% vs 2023highest in 5 years
2025: €254k▼ -40.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.58M
Fixed assets
€2.58M =
Current assets
€2k ▼ 97.4%
Equity and liabilities €2.58M
Equity
€1.79M ▲ 16.6%
Debt
€796k ▼ 29.6%
Debt's share of the balance-sheet total falls from 42.5% to 30.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
14.2%▼
2024 · 27.7%
ROA
9.9%▼
2024 · 15.9%
Debt ≤ 1 year
€184k▼
2024 · €497k
Debt > 1 year
€611k▲
2024 · €611k
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 · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.66M€2.58M▼
Fixed assets21/28€2.58M€2.58M=
Financial fixed assets28€2.58M€2.58M=
Current assets29/58€83k€2k▼
Cash at bank and in hand54/58€83k€2k▼
Deferred charges and accrued income490/1€454€457▲
Equity and liabilities
Total equity and liabilities10/49€2.66M€2.58M▼
Equity10/15€1.53M€1.79M▲
Contributions10/11€250k€250k=
Reserves13€1.28M€1.54M▲
Distributable reserves133€1.28M€1.54M▲
Amounts payable17/49€1.13M€796k▼
Amounts payable after more than one year17€611k€611k▲
Financial debts170/4€611k€611k▲
Amounts payable within one year42/48€497k€184k▼
Current portion of amounts payable after more than one year42€129k€149k▲
Financial debts43€350k-
Credit institutions430/8€350k-
Trade debts44€17k€5k▼
Suppliers440/4€17k€5k▼
Taxes, remuneration and social security45€1k€1k▼
Taxes450/3€1k€1k▼
Other amounts payable47/48-€28k
Accrued charges and deferred income492/3€24k€1k▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€35k€8k▼
Operating profit (loss)9901€33k€6k▼
Financial income75/76B€435k€285k▼
Recurring financial income75€435k€285k▼
Financial charges65/66B€44k€37k▼
Recurring financial charges65€44k€37k▼
Profit (loss) for the period before taxes9903€424k€254k▼
Profit (loss) for the period9904€424k€254k▼
Profit (loss) for the period to be appropriated9905€424k€254k▼
Appropriation of the result
Profit (loss) to be appropriated9906€424k€254k▼
Transfer to equity691/2€424k€254k▼
To other reserves6921€424k€254k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €544 | €2k | €1k | €1k | ▲ 2.4% |
| Gross operating margin9900 | €36k | €36k | €29k | €35k | €8k | ▼ 78.1% |
| Operating profit (loss)9901 | €35k | €36k | €28k | €33k | €6k | ▼ 81.0% |
| Financial income75/76B | - | €123k | €132k | €435k | €285k | ▼ 34.5% |
| Recurring financial income75 | €90k | €123k | €132k | €435k | €285k | ▼ 34.5% |
| Financial charges65/66B | - | €33k | €39k | €44k | €37k | ▼ 16.4% |
| Recurring financial charges65 | €34k | €33k | €39k | €44k | €37k | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | €91k | €126k | €121k | €424k | €254k | ▼ 40.0% |
| Profit (loss) for the period9904 | €91k | €126k | €121k | €424k | €254k | ▼ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €91k | €126k | €121k | €424k | €254k | ▼ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.37M | €2.36M | €2.35M | €2.66M | €2.58M | ▼ 3.0% |
| Fixed assets21/28 | €2.30M | €2.30M | €2.30M | €2.58M | €2.58M | = |
| Financial fixed assets28 | €2.30M | €2.30M | €2.30M | €2.58M | €2.58M | = |
| Current assets29/58 | €66k | €60k | €52k | €83k | €2k | ▼ 97.4% |
| Amounts receivable within one year40/41 | €9k | €0 | - | - | - | - |
| Other amounts receivable41 | - | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €57k | €59k | €52k | €83k | €2k | ▼ 97.9% |
| Deferred charges and accrued income490/1 | - | €385 | €385 | €454 | €457 | ▲ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.37M | €2.36M | €2.35M | €2.66M | €2.58M | ▼ 3.0% |
| Equity10/15 | €861k | €987k | €1.11M | €1.53M | €1.79M | ▲ 16.6% |
| Contributions10/11 | - | €250k | €250k | €250k | €250k | = |
| Reserves13 | - | €737k | €857k | €1.28M | €1.54M | ▲ 19.9% |
| Distributable reserves133 | - | €737k | €857k | €1.28M | €1.54M | ▲ 19.9% |
| Profit (loss) carried forward14 | €611k | €0 | - | - | - | - |
| Amounts payable17/49 | €1.51M | €1.37M | €1.25M | €1.13M | €796k | ▼ 29.6% |
| Amounts payable after more than one year17 | €996k | €868k | €739k | €611k | €611k | ▲ 0.1% |
| Financial debts170/4 | - | €868k | €739k | €611k | €611k | ▲ 0.1% |
| Amounts payable within one year42/48 | €485k | €481k | €481k | €497k | €184k | ▼ 63.0% |
| Current portion of amounts payable after more than one year42 | - | €129k | €129k | €129k | €149k | ▲ 16.2% |
| Financial debts43 | - | €350k | €350k | €350k | - | - |
| Credit institutions430/8 | - | €350k | €350k | €350k | - | - |
| Trade debts44 | €4k | €0 | €500 | €17k | €5k | ▼ 69.2% |
| Suppliers440/4 | - | €0 | €500 | €17k | €5k | ▼ 69.2% |
| Taxes, remuneration and social security45 | - | €3k | €2k | €1k | €1k | ▼ 15.0% |
| Taxes450/3 | - | €3k | €2k | €1k | €1k | ▼ 15.0% |
| Other amounts payable47/48 | - | - | - | - | €28k | - |
| Accrued charges and deferred income492/3 | - | €24k | €24k | €24k | €1k | ▼ 95.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91k | €126k | €121k | €424k | €254k | ▼ 40.0% |
| Operating cash flow (approximation) | €91k | €126k | €121k | €424k | €254k | ▼ 40.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-280k | €0 | ▲ 100% |
| Change in cash | - | €3k | €-7k | €31k | €-81k | ▼ 364% |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €1MEq €1.11M ▲12.2%
4 profitable years in a row build equity to €1.11M.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Weakest financial yearnet €91k ▼82.4%
Net result drops to €91k, the lowest in the series; recovery starts the following year.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Gent · 1 establishment unit since 2018
Ground area
460 m²
Building footprint
427 m²
Volume, LiDAR
6,637 m³
Parcel 44815F0829/00E000, Flanders · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Effectco
since 20182.278.294.725
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F0829/00E000 | Flanders | 460 m² | 1 · 427 m² | 21.1 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 11,241 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
Founded17-07-2018
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
wim.vernaeve@greenparkinvest.com
Phone
0488286207
Scores and ratios are computed by Checked and are not a credit decision.