Active BE 0430.750.472Public limited company

EFFICACE

Broekbosstraat 21 ·2550 Kontich, Belgium· 39 yrs active

Sector: Legal & accounting (69209)

Conclusion Checked

The file of EFFICACE contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.1% (very low). The 2024 annual accounts show equity of €3.04M and a net result of €-291k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 47% of 479 sector peers (fiscal year 2024).

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€3.04M
Net result	€-291k
Better than sector	47%
Active	39 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

34 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 17

Profitability 0

Solvency 31

Growth 39

Stability 85

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

20 / 100

Moderate risk

Components

· 2 historical bankruptcy publications (+20)

Trust signals 1 signals

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

17 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 21-04-2026 with the NBB · fiscal year 2024 · verkort

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 7 fiscal years (±2.4%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 69, Legal & accounting · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	19.2%	22.1%	better than 47% of 479 sector peers
Net result	€-291k	€101k	better than 5% of 479 sector peers
Equity	€3.04M	€165k	better than 95% of 479 sector peers
Gross operating margin	€100k	€462k	better than 27% of 479 sector peers
Staff costs	€-8k	€375k	higher than 5% of 288 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€99k

-5.3% 18-24

EBITDA

€-632k

-523.7% 18-24

Net profit

€-291k

- 18-24

Cash flow

€-256k

- 18-24

Total assets

€15.80M

-21.2% 18-24

Equity

€3.04M

-8.2% 18-24

Working capital

€136k

-82.9% 18-24

Employees (FTE)

1

0.0% 18-24

Staff costs

€-8k

- 18-24

Income taxes

€73k

+22724.3% 18-24

Debt

€12.49M

-23.7% 18-24

Debt ≤ 1y

€436k

+39.5% 18-24

Debt > 1y

€12.04M

-24.8% 18-24

Current ratio

1.31

-63.0% 18-24

Quick ratio

1.07

-69.7% 18-24

Solvency

19.2%

+16.5% 18-24

Debt / equity

4.11

-16.9% 18-24

ROE

-9.6%

- 18-24

ROA

-1.8%

- 18-24

Net margin

-292.4%

- 18-24

EBITDA margin

-635.6%

-558.8% 18-24

Interest coverage

-18.38

-382.6% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	€99k
EBITDA	€-632k
Net profit	€-291k
Cash flow	€-256k
Staff costs	€-8k
Income taxes	€73k
Dividends	-
Total assets	€15.80M
Equity	€3.04M
Debt	€12.49M
of which ≤ 1y	€436k
of which > 1y	€12.04M
Working capital	€136k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.31
Quick ratio	1.07
Working capital ratio	0.9%
Solvency	19.2%
Debt / equity	4.11
Long-term debt ratio	3.97
Interest coverage	-18.38
Gross margin	-37.4%
Net margin	-292.4%
ROA	-1.8%
ROE	-9.6%
EBITDA margin	-635.6%
Days sales outstanding	1531d
Days payable outstanding	615d
Inventory turnover	1.31
Days inventory (DSI)	279d

Balance-sheet composition 2024

Assets

Fixed assets €15.23M · 96.4% Current assets €572k · 3.6%

Equity & liabilities

Equity €3.04M · 19.2% Provisions €275k · 1.7% Debt €12.49M · 79.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€15.80M
Fixed assets	21/28	€15.23M
Tangible fixed assets	22/27	€2.73M
Financial fixed assets	28	€12.50M
Current assets	29/58	€572k
Stocks & contracts in progress	3	€104k
Amounts receivable within one year	40/41	€426k
Cash & bank	54/58	€42k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€15.80M
Equity	10/15	€3.04M
Contributions / capital	10/11	€259k
Reserves	13	€2.71M
Accumulated profits (losses)	14	€17k
Provisions & deferred taxes	16	€275k
Amounts payable	17/49	€12.49M
Amounts payable after one year	17	€12.04M
Amounts payable within one year	42/48	€436k
Trade debts payable within one year	44	€230k
Income statement
Turnover	70	€99k
Gross operating margin	9900	€100k
Operating result	9901	€-667k
Financial income	75	€348k
Financial charges	65	€34k
Result before taxes	9903	€-330k
Income taxes	67/77	€73k
Net result for the period	9904	€-291k
Result to be appropriated	9905	€-72k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 1 directors

Former directors (1)

VAN GAEL Jorge
Director
State Gazette act 25332825 (21-05-2025)

Former
- → 10-01-2019

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	ILSE MERTENS LEON STIJNENSTRAAT 70, 2000 ANTWERPEN 1- . Co-Curator: GARY MICHIELS, OUDE-GODSTRAAT 168, 2650 EDEGEM ↔ Also on 69 other cases	10-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Legal & accounting(69209)
Legal form	Public limited company(014)
Incorporation	16-03-1987
Status	Active
Postal code	2550
First BS signal	17-10-2024
Latest BS signal	14-11-2024

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

EFFICACE NV

Broekbosstraat 21, 2550 KontichGespecialiseerde detailhandel in kantoormachines en -meubelen, computers en standaardprogrammatuur en telecommunicatieapparatuur

since 19872.032.497.814

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11602C0107/00G002	Flanders	2,746 m²	1 · 282 m²	7.5 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

21-04-2026

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2025

21-05-2025

State Gazette act Director changes

Frank Liesse

2024

14-11-2024

Bankruptcy Bankruptcy reversal

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · EFFICACE NV BROEKBOSSTRAAT 21, 2550 KONTICH · event 07-11-2024

06-11-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

06-11-2024

NBB filing Annual accounts filed

fiscal year 2022 · verkort

17-10-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · EFFICACE NV BROEKBOS- STRAAT 21, 2550 KONTICH · event 10-10-2024

2022

24-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

01-05-2022

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2021

04-11-2021

NBB filing Annual accounts filed

fiscal year 2019 · volledig

22-09-2021

NBB filing Annual accounts filed

fiscal year 2018 · volledig

2019

31-07-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

30-07-2018

NBB filing Annual accounts filed

fiscal year 2017 · verkort

2017

31-10-2017

NBB filing Annual accounts filed

fiscal year 2017 · verkort

Lifecycle & Insolvency Signals 2 events

14-11-2024

Bankruptcy Bankruptcy reversal

Date: 07-11-2024 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · EFFICACE NV BROEKBOSSTRAAT 21, 2550 KONTICH · Publications in State Gazette ↗

17-10-2024

Bankruptcy Opening

Date: 10-10-2024 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · EFFICACE NV BROEKBOS- STRAAT 21, 2550 KONTICH · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

21-05-2025 1 director appointed, 1 resigning, 1 reappointed Director changes·Frank Liesse

Marlène Lelieur, Commissaris
VAN GAEL Jorge, Bestuurder
VAN GAEL Rudiger, Enig bestuurder

Notary: Frank Liesse · AntwerpenFirm: Celis & Liesse

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank

Activities

Boekhouders en boekhouders-fiscalisten69202Overige fiscale dienstverlening69209Activiteiten van hoofdkantoren70100Activiteiten van hoofdkantoren70100Boekhouders74121

Primary activity highlighted.

Names & trade names

Legal nameNL

EFFICACE

Registered office

Broekbosstraat 21

2550 Kontich, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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