Summary
EFFIA Belgium has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €182.93M and a net result of €-805k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 4809 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
27 d early
2022
45 d early
2021
2 d early
2020
46 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-805k▲ 70.2%
2023 · €-2.70M
2020: €-1.83M
2021: €6.39M▲ +449% vs 2020highest in 5 years
2022: €-2.06M▼ -132% vs 2021
2023: €-2.70M▼ -31.4% vs 2022lowest in 5 years
2024: €-805k▲ +70.2% vs 2023
2020 → 2024
Working capital
€-3.00M▲ 71.9%
2023 · €-10.65M
2020: €-858khighest in 5 years
2021: €-3.92M▼ -356% vs 2020
2022: €-5.99M▼ -53.0% vs 2021
2023: €-10.65M▼ -77.8% vs 2022lowest in 5 years
2024: €-3.00M▲ +71.9% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-810k-€5.58M€3.52M▼ 36.9%€183.73M▲ 5,113%€182.93M▼ 0.4%
2020: €-810klowest in 5 years
2021: €5.58M▲ +789% vs 2020
2022: €3.52M▼ -36.9% vs 2021
2023: €183.73M▲ +5113% vs 2022highest in 5 years
2024: €182.93M▼ -0.4% vs 2023
Operating result€-434k-€-148k▲ 65.9%€-62k▲ 58.3%€134k€-244k
2020: €-434klowest in 5 years
2021: €-148k▲ +65.9% vs 2020
2022: €-62k▲ +58.3% vs 2021
2023: €134k▲ +318% vs 2022highest in 5 years
2024: €-244k▼ -282% vs 2023
Net result€-1.83M-€6.39M€-2.06M€-2.70M▼ 31.4%€-805k▲ 70.2%
2020: €-1.83M
2021: €6.39M▲ +449% vs 2020highest in 5 years
2022: €-2.06M▼ -132% vs 2021
2023: €-2.70M▼ -31.4% vs 2022lowest in 5 years
2024: €-805k▲ +70.2% vs 2023
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €244k after €134k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €204.04M
Fixed assets
€200.18M ▲ 0.1%
Current assets
€3.86M ▼ 40.1%
Equity and liabilities €204.05M
Equity
€182.93M ▼ 0.4%
Provisions
€0 ▼ 100%
Debt
€21.12M ▼ 6.7%
Debt's share of the balance-sheet total falls from 11.0% to 10.4%. Equity and debt are lower.
Key figures and ratios
ROE
-0.4%▲
2023 · -1.5%
ROA
-0.4%▲
2023 · -1.3%
Debt ≤ 1 year
€6.86M▼
2023 · €17.10M
Debt > 1 year
€14.08M▲
2023 · €5.34M
Income taxes
€1k▲
2023 · €-921
Staff costs
€1.57M▲
2023 · €1.42M
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 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€206.40M€204.05M▼
Formation expenses20-€12k
Fixed assets21/28€199.95M€200.18M▲
Intangible fixed assets21€443k€656k▲
Tangible fixed assets22/27€3.83M€3.47M▼
Land and buildings22€2.59M€2.48M▼
Plant, machinery and equipment23€239k€193k▼
Furniture and vehicles24€0€0=
Other tangible fixed assets26€983k€725k▼
Assets under construction and advance payments27€22k€63k▲
Financial fixed assets28€195.67M€196.06M▲
Current assets29/58€6.45M€3.86M▼
Amounts receivable within one year40/41€4.60M€2.33M▼
Trade receivables40€434k€213k▼
Other amounts receivable41€4.17M€2.11M▼
Cash at bank and in hand54/58€1.85M€1.52M▼
Deferred charges and accrued income490/1€1k€12k▲
Equity and liabilities
Total equity and liabilities10/49€206.40M€204.05M▼
Equity10/15€183.73M€182.93M▼
Contributions10/11€185.41M€185.41M=
Capital10€185.41M€185.41M=
Issued capital100€185.41M€185.41M=
Reserves13€1.02M€1.02M=
Non-distributable reserves130/1€250k€250k=
Legal reserve130€250k€250k=
Distributable reserves133€775k€775k=
Profit (loss) carried forward14€-2.70M€-3.51M▼
Provisions and deferred taxes16€26k€0▼
Provisions for liabilities and charges160/5€26k€0▼
Other liabilities and charges164/5€26k€0▼
Amounts payable17/49€22.64M€21.12M▼
Amounts payable after more than one year17€5.34M€14.08M▲
Financial debts170/4€5.34M€14.08M▲
Amounts payable within one year42/48€17.10M€6.86M▼
Trade debts44€332k€393k▲
Suppliers440/4€332k€393k▲
Taxes, remuneration and social security45€151k€229k▲
Taxes450/3€9k€63k▲
Remuneration and social security454/9€142k€166k▲
Other amounts payable47/48€16.62M€6.23M▼
Accrued charges and deferred income492/3€203k€188k▼
Income statement
Code20232024
Remuneration, social security and pensions62€1.42M€1.57M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€531k€601k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-26k
Other operating charges640/8€232k€168k▼
Operating charges capitalised as restructuring costs649€0€0=
Non-recurring operating charges66A-€35k
Gross operating margin9900€2.31M€2.10M▼
Operating profit (loss)9901€134k€-244k▼
Financial income75/76B€5.16M€221k▼
Recurring financial income75€5.15M€216k▼
Non-recurring financial income76B€8k€5k▼
Financial charges65/66B€8.00M€781k▼
Recurring financial charges65€8.00M€781k▼
Profit (loss) for the period before taxes9903€-2.70M€-804k▲
Income taxes67/77€-921€1k▲
Profit (loss) for the period9904€-2.70M€-805k▲
Profit (loss) for the period to be appropriated9905€-2.70M€-805k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.70M€-3.51M▼
Profit (loss) brought forward from the previous period14P-€-2.70M
Social balance
Average headcount (FTE)908712.713.7▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €64 | - | - | - |
| Remuneration, social security and pensions62 | - | €980k | €1.05M | €1.42M | €1.57M | ▲ 11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €344k | €434k | €469k | €531k | €601k | ▲ 13.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €22k | €4k | - | €-26k | - |
| Other operating charges640/8 | - | €141k | €193k | €232k | €168k | ▼ 27.8% |
| Operating charges capitalised as restructuring costs649 | - | - | - | €0 | €0 | - |
| Non-recurring operating charges66A | - | - | €2k | - | €35k | - |
| Gross operating margin9900 | €301k | €1.43M | €1.66M | €2.31M | €2.10M | ▼ 9.0% |
| Operating profit (loss)9901 | €-434k | €-148k | €-62k | €134k | €-244k | ▼ 282% |
| Financial income75/76B | - | €8.93M | €53k | €5.16M | €221k | ▼ 95.7% |
| Recurring financial income75 | €91k | €8.93M | €53k | €5.15M | €216k | ▼ 95.8% |
| Non-recurring financial income76B | - | - | - | €8k | €5k | ▼ 39.2% |
| Financial charges65/66B | - | €2.40M | €2.05M | €8.00M | €781k | ▼ 90.2% |
| Recurring financial charges65 | €1.49M | €2.40M | €2.05M | €8.00M | €781k | ▼ 90.2% |
| Profit (loss) for the period before taxes9903 | €-1.83M | €6.39M | €-2.06M | €-2.70M | €-804k | ▲ 70.3% |
| Income taxes67/77 | - | €33 | €776 | €-921 | €1k | ▲ 213% |
| Profit (loss) for the period9904 | €-1.83M | €6.39M | €-2.06M | €-2.70M | €-805k | ▲ 70.2% |
| Profit (loss) for the period to be appropriated9905 | €-1.83M | €6.39M | €-2.06M | €-2.70M | €-805k | ▲ 70.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €201.88M | €203.55M | €204.48M | €206.40M | €204.05M | ▼ 1.1% |
| Formation expenses20 | - | - | - | - | €12k | - |
| Fixed assets21/28 | €199.65M | €200.52M | €200.48M | €199.95M | €200.18M | ▲ 0.1% |
| Intangible fixed assets21 | - | €31k | €215k | €443k | €656k | ▲ 48.2% |
| Tangible fixed assets22/27 | €4.79M | €4.57M | €4.19M | €3.83M | €3.47M | ▼ 9.6% |
| Land and buildings22 | - | €2.80M | €2.69M | €2.59M | €2.48M | ▼ 4.1% |
| Plant, machinery and equipment23 | - | €289k | €257k | €239k | €193k | ▼ 19.4% |
| Furniture and vehicles24 | - | €20k | €9k | €0 | €0 | - |
| Other tangible fixed assets26 | - | €1.46M | €1.23M | €983k | €725k | ▼ 26.2% |
| Assets under construction and advance payments27 | - | €2k | - | €22k | €63k | ▲ 189% |
| Financial fixed assets28 | €194.85M | €195.92M | €196.07M | €195.67M | €196.06M | ▲ 0.2% |
| Current assets29/58 | €2.23M | €3.03M | €4.00M | €6.45M | €3.86M | ▼ 40.1% |
| Amounts receivable within one year40/41 | €1.06M | €2.21M | €1.40M | €4.60M | €2.33M | ▼ 49.4% |
| Trade receivables40 | - | €43k | €236k | €434k | €213k | ▼ 51.0% |
| Other amounts receivable41 | - | €2.17M | €1.17M | €4.17M | €2.11M | ▼ 49.3% |
| Cash at bank and in hand54/58 | €1.16M | €811k | €2.59M | €1.85M | €1.52M | ▼ 17.6% |
| Deferred charges and accrued income490/1 | - | €2k | €5k | €1k | €12k | ▲ 838% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €201.88M | €203.55M | €204.48M | €206.40M | €204.05M | ▼ 1.1% |
| Equity10/15 | €-810k | €5.58M | €3.52M | €183.73M | €182.93M | ▼ 0.4% |
| Contributions10/11 | €2.50M | €2.50M | €2.50M | €185.41M | €185.41M | = |
| Capital10 | - | €2.50M | €2.50M | €185.41M | €185.41M | = |
| Issued capital100 | - | €2.50M | €2.50M | €185.41M | €185.41M | = |
| Reserves13 | - | €3.08M | €1.02M | €1.02M | €1.02M | = |
| Non-distributable reserves130/1 | - | €250k | €250k | €250k | €250k | = |
| Legal reserve130 | - | €250k | €250k | €250k | €250k | = |
| Distributable reserves133 | - | €2.83M | €775k | €775k | €775k | = |
| Profit (loss) carried forward14 | €-3.31M | €2k | - | €-2.70M | €-3.51M | ▼ 29.8% |
| Provisions and deferred taxes16 | - | €22k | €26k | €26k | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | €22k | €26k | €26k | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | €22k | €26k | €26k | €0 | ▼ 100% |
| Amounts payable17/49 | €202.68M | €197.95M | €200.93M | €22.64M | €21.12M | ▼ 6.7% |
| Amounts payable after more than one year17 | €199.38M | €190.71M | €190.71M | €5.34M | €14.08M | ▲ 164% |
| Financial debts170/4 | - | €190.71M | €190.71M | €5.34M | €14.08M | ▲ 164% |
| Amounts payable within one year42/48 | €3.09M | €6.95M | €9.99M | €17.10M | €6.86M | ▼ 59.9% |
| Trade debts44 | €841k | €635k | €219k | €332k | €393k | ▲ 18.7% |
| Suppliers440/4 | - | €635k | €219k | €332k | €393k | ▲ 18.7% |
| Taxes, remuneration and social security45 | - | €102k | €249k | €151k | €229k | ▲ 52.1% |
| Taxes450/3 | - | €33 | €136k | €9k | €63k | ▲ 596% |
| Remuneration and social security454/9 | - | €102k | €113k | €142k | €166k | ▲ 17.6% |
| Other amounts payable47/48 | - | €6.21M | €9.52M | €16.62M | €6.23M | ▼ 62.5% |
| Accrued charges and deferred income492/3 | - | €291k | €230k | €203k | €188k | ▼ 7.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1.83M | €6.39M | €-2.06M | €-2.70M | €-805k | ▲ 70.2% |
| + Depreciation and write-downs630 | €344k | €434k | €469k | €531k | €601k | ▲ 13.2% |
| Operating cash flow (approximation) | €-1.49M | €6.83M | €-1.59M | €-2.17M | €-204k | ▲ 90.6% |
| Investment in fixed assets (approximation) | - | €-1.31M | €-430k | €3k | €-831k | ▼ 27,038% |
| Change in cash | - | €-353k | €1.78M | €-741k | €-324k | ▲ 56.3% |
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
2026
23-09
State Gazette act
Reappointments: Isabelle MURRY, Jean-Michel ARCHAMBAULT and 2 othersPermanent representative: Julien VERDIN6 facts ▸
State Gazette act
Reappointments: Isabelle MURRY, Jean-Michel ARCHAMBAULT and 2 others
Permanent representative: Julien VERDIN6 facts ▸
- General meeting, 10-06-2026
- Director reappointment, Isabelle MURRY (director)
- Director reappointment, Jean-Michel ARCHAMBAULT (director)
- Director reappointment, FAIR WAY SRL (director)
- Permanent representative, Julien VERDIN (permanent representative)
- Auditor reappointment, EY Réviseurs d'Entreprises SRL
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-2.70M
Net result drops to €-2.70M, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100MEq €183.73M ▲5,113%
Equity rises from €3.52M to €183.73M.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €6.39M
Net result €6.39M after one loss-making year.
31-12
Financial
Equity above €5MEq €5.58M
Equity rises from €-810k to €5.58M.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 4 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 85 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26119315). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
FAIR WAY
CurrentDirector · since 10-06-2026 · Private limited company · perm. rep.: Julien VERDIN
Isabelle MURRY
CurrentDirector · since 10-06-2026
Jean-Michel ARCHAMBAULT
CurrentDirector · since 10-06-2026
10-06-2026
FAIR WAY: Mandate renewed as Director
10-06-2026
Isabelle MURRY: Mandate renewed as Director
10-06-2026
Jean-Michel ARCHAMBAULT: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 3 establishment units since 2017
Ground area
1.3 ha
Building footprint
151 m²
Volume, LiDAR
2,506 m³
3 parcels, Brussels, Wallonia · tallest building 18.2 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
3 establishment units
Siège social
since 20172.264.111.246
Parking Céria
since 20192.374.631.858
Parking Jonfosse
since 20202.374.631.957
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307E0218/00G000 | Brussels | 9,317 m² | 1 · 7 m² | 2.7 m · 1 fl. |
| 62813E0700/00A000 | Wallonia | 3,219 m² | - | - |
| 62805B0310/00A004 ProtectedMonument · Site or landscape |
Wallonia | 482 m² | 1 · 144 m² | 18.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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.
Statutory auditor
1 auditor| Ernst et Young Reviseurs d'EntreprisesCurrent Auditor | 10-06-2026 → present |
Structure & network
Connections & network
6 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
via Isabelle MURRY and Jean-Michel ARCHAMBAULT · Director
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via Isabelle MURRY and Jean-Michel ARCHAMBAULT · Director
→
via Isabelle MURRY and Jean-Michel ARCHAMBAULT · Director
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via Isabelle MURRY and Jean-Michel ARCHAMBAULT · Director
→
Show 2 more companies with a shared director
via Isabelle MURRY and Jean-Michel ARCHAMBAULT · Director
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via Isabelle MURRY and Jean-Michel ARCHAMBAULT · Director
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Identification & contact
Identification
Legal formPublic limited company
Founded25-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
52210Service activities incidental to land transportation
64210Activities of holding companies
Contact
Scores and ratios are computed by Checked and are not a credit decision.