Checked.be
Active
BE 0768.877.032Private limited company
EJF
Koningin Astridlaan 49 ·1780 Wemmel, Belgium· 5 yrs active
Conclusion
The computed 12-month bankruptcy probability of EJF is 3.5% (moderate). The 2025 annual accounts show equity of €2k and a net result of €-385. Equity is shrinking by ~12.9% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €2k |
| Net result | €-385 |
| Active | 5 yrs |
Financial profile
59
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
0
Solvency
100
Growth
32
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
70
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
70
2022
71
2023
62
2024
70
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.93 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.93 (≥ 1.0)
+5
Leverage
Debt/equity 0.52 (< 1.0)
+10
Profitability
Negatieve ROE -22%
-10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 06-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~12.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
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).
€-385
+5.2%
22-25
€3k
0.0%
22-25
€2k
-18.1%
22-25
€2k
-18.1%
22-25
€900
+74.8%
22-25
€900
+74.8%
22-25
2.93
-42.8%
22-25
2.93
-42.8%
22-25
65.9%
-18.1%
22-25
0.52
+113.4%
22-25
-22.1%
-15.8%
22-25
-14.6%
+5.2%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | - |
| Net profit | €-385 | €-406 | €234 | €2k |
| Cash flow | - | - | - | - |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €3k | €3k | €7k | €9k |
| Equity | €2k | €2k | €3k | €2k |
| Debt | €900 | €515 | €5k | €6k |
| of which ≤ 1y | €900 | €515 | €5k | €6k |
| of which > 1y | - | - | - | - |
| Working capital | €2k | €2k | €3k | €2k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.93 | 5.13 | 1.56 | 1.36 |
| Quick ratio | 2.93 | 5.13 | 1.56 | 1.26 |
| Working capital ratio | 65.9% | 80.5% | 36.0% | 26.5% |
| Solvency | 65.9% | 80.5% | 36.0% | 26.5% |
| Debt / equity | 0.52 | 0.24 | 1.78 | 2.78 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -14.6% | -15.4% | 3.3% | 25.3% |
| ROE | -22.1% | -19.1% | 9.2% | 95.6% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (18 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €3k | €3k | €7k | €9k |
| Current assets | 29/58 | €3k | €3k | €7k | €9k |
| Stocks & contracts in progress | 3 | - | - | - | €607 |
| Amounts receivable within one year | 40/41 | €583 | €583 | €83 | €3k |
| Cash & bank | 54/58 | €2k | €2k | €7k | €5k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3k | €3k | €7k | €9k |
| Equity | 10/15 | €2k | €2k | €3k | €2k |
| Contributions / capital | 10/11 | €100 | €100 | €100 | €100 |
| Accumulated profits (losses) | 14 | €2k | €2k | €2k | €2k |
| Amounts payable | 17/49 | €900 | €515 | €5k | €6k |
| Amounts payable within one year | 42/48 | €900 | €515 | €5k | €6k |
| Trade debts payable within one year | 44 | €266 | €266 | €243 | €3k |
| Income statement | |||||
| Gross operating margin | 9900 | - | - | €674 | €2k |
| Operating result | 9901 | - | - | €674 | €2k |
| Financial charges | 65 | €385 | €406 | €440 | €121 |
| Result before taxes | 9903 | €-385 | €-406 | €234 | €2k |
| Net result for the period | 9904 | €-385 | €-406 | €234 | €2k |
| Result to be appropriated | 9905 | €-385 | €-406 | €234 | €2k |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 28-05-2021 |
| Status | Active |
| Postal code | 1780 |
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0408/00S005 | Flanders | 1,531 m² | 1 · 587 m² | 13.9 m · 4 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet €-406 ▼274%
Net result drops to €-406, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 5.13
Current ratio from 1.56 to 5.13; short-term debt falls from €5k to €515.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Names & trade names
| Legal nameNL | EJF |