EFK GLASS
EFK GLASS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.50M and a net result of €704k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 45% of 7505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
| Equity | €1.50M |
| Net result | €704k |
| Staff (FTE) | 2.5 |
| Better than sector | 45% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 39.9% | 44.0% | |
| Net result | €704k | €29k | |
| Equity | €1.50M | €274k | |
| Gross operating margin | €1.16M | €272k | |
| Staff costs | €154k | €243k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €981k | €1.36M | €1.21M | €891k | €732k |
| Net profit | €704k | €1.00M | €890k | €645k | €532k |
| Cash flow | €708k | €1.01M | €895k | €655k | €543k |
| Staff costs | €154k | €161k | €164k | €187k | €157k |
| Income taxes | €236k | €335k | €299k | €217k | €179k |
| Dividends | €500k | €500k | €880k | €600k | €500k |
| Total assets | €3.75M | €3.23M | €3.18M | €3.78M | €3.01M |
| Equity | €1.50M | €1.29M | €788k | €778k | €733k |
| Debt | €2.25M | €1.93M | €2.39M | €3.00M | €2.27M |
| of which ≤ 1y | €2.20M | €1.90M | €2.37M | €2.96M | €2.26M |
| of which > 1y | - | - | - | - | - |
| Working capital | €1.52M | €1.30M | €781k | €782k | €708k |
| Employees (FTE) | 2.5 | 2.6 | 2.5 | 3.1 | 3.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.69 | 1.68 | 1.33 | 1.26 | 1.31 |
| Quick ratio | 1.05 | 0.76 | 0.67 | 0.64 | 0.55 |
| Working capital ratio | 40.6% | 40.1% | 24.5% | 20.7% | 23.6% |
| Solvency | 39.9% | 40.0% | 24.8% | 20.6% | 24.4% |
| Debt / equity | 1.50 | 1.50 | 3.04 | 3.86 | 3.10 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 26.16 | 75.27 | 87.31 | 46.03 | 48.68 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 18.8% | 31.1% | 28.0% | 17.1% | 17.7% |
| ROE | 47.1% | 77.7% | 112.9% | 82.9% | 72.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.75M | €3.23M | €3.18M | €3.78M | €3.01M |
| Fixed assets | 21/28 | €24k | €27k | €28k | €33k | €43k |
| Tangible fixed assets | 22/27 | €9k | €12k | €13k | €18k | €28k |
| Financial fixed assets | 28 | €15k | €15k | €15k | €15k | €15k |
| Current assets | 29/58 | €3.72M | €3.20M | €3.15M | €3.75M | €2.96M |
| Stocks & contracts in progress | 3 | €1.40M | €1.76M | €1.57M | €1.85M | €1.73M |
| Amounts receivable within one year | 40/41 | €482k | €480k | €488k | €355k | €374k |
| Cash & bank | 54/58 | €1.83M | €954k | €1.09M | €1.53M | €856k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.75M | €3.23M | €3.18M | €3.78M | €3.01M |
| Equity | 10/15 | €1.50M | €1.29M | €788k | €778k | €733k |
| Contributions / capital | 10/11 | €570k | €570k | €570k | €570k | €570k |
| Reserves | 13 | €926k | €722k | €218k | €208k | €163k |
| Amounts payable | 17/49 | €2.25M | €1.93M | €2.39M | €3.00M | €2.27M |
| Amounts payable within one year | 42/48 | €2.20M | €1.90M | €2.37M | €2.96M | €2.26M |
| Trade debts payable within one year | 44 | €248k | €469k | €1.42M | €1.82M | €1.38M |
| Income statement | ||||||
| Gross operating margin | 9900 | €1.16M | €1.53M | €1.39M | €1.10M | €900k |
| Operating result | 9901 | €977k | €1.36M | €1.20M | €882k | €721k |
| Financial income | 75 | €661 | €58 | €282 | €147 | €5k |
| Financial charges | 65 | €37k | €18k | €14k | €19k | €15k |
| Result before taxes | 9903 | €940k | €1.34M | €1.19M | €863k | €711k |
| Income taxes | 67/77 | €236k | €335k | €299k | €217k | €179k |
| Net result for the period | 9904 | €704k | €1.00M | €890k | €645k | €532k |
| Result to be appropriated | 9905 | €704k | €1.00M | €890k | €645k | €532k |
| NACE primary | Specialised construction activities(43343) |
| Legal form | Private limited company(610) |
| Incorporation | 17-10-2003 |
| Status | Active |
| Postal code | 8940 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029B0426/00K000 | Flanders | 2.3 ha | 1 · 1.2 ha | 10.9 m · 3 fl. |
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
12-05-2022 Registered office moved from Antwerpen to Wervik
- Luitenant Lippenslaan 60, 2140 Antwerpen → Menensesteenweg 295, 8940 Wervik
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_administratif",
"new_address": {
"raw": "Menensesteenweg 295, 8940 Wervik",
"city": "Wervik",
"region": "vlaams_gewest",
"street": "Menensesteenweg",
"country": "BE",
"postcode": "8940",
"box_number": null,
"street_number": "295",
"locality_suffix": null
},
"old_address": {
"raw": "Luitenant Lippenslaan 60, 2140 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Luitenant Lippenslaan",
"country": "BE",
"postcode": "2140",
"box_number": null,
"street_number": "60",
"locality_suffix": null
},
"effective_date": "2022-02-24",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": 2,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2022-05-02",
"act_kind_objet": "Zetelverplaatsing"
},
"decision": {
"body": "enige_bestuurder",
"date": "2022-05-02",
"unanimous": true
},
"subject_company": {
"kbo": "0861.136.702",
"name_full": "EFK GLASS",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "mr. Trees Vuylsteke",
"org_rep_person_name": null,
"person_role_at_subject": "Bijzonder gevolmachtigde"
},
"co_filed_documents": [
"Bijlagen-bij het Belgisch Staatsblad-12/05/2022",
"Anmexes du-Moniteur-belge"
]
}| Legal nameNL | EFK GLASS |