Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 82.3 to 73.5.
Financials
Financial year 2025
EFFICY from Kraainem, company number BE0875895449, closed financial year 2025 with a result of € 45.8 million after tax. For that financial year EFFICY recorded revenue of € 5.6 million and equity of € 138.3 million. Compared with financial year 2024, the result moved from € -3.3 million to € 45.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 138.3 million
▲ 50% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45.8 million
▲ still € 3.3 million loss in 2024
Profit after tax over the fiscal year.
€ 300,728
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 65.5 million.
People and assets in 2025
73.5
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7 million
▲ 5% vs 2024
€ 94,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 340,403
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 28.6 million
▲ 12% vs 2024
€ 123,311 is repaid this year. At this pace the long-term loan is gone in ≈ 232 years.
€ 6.3 million
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 184 days on average.
€ 930,811
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 19,491,658 | € 9,119,334 | € 7,590,014 | € 5,633,964 | ▼ 26% |
| Profit after taxes | € 5,559,097 | € 1,804,512 | € -3,266,129 | € 45,825,612 | ▲ € 49.1 million |
| Equity | € 93,894,853 | € 95,699,365 | € 92,433,236 | € 138,258,848 | ▲ 50% |
| Total debts | € 51,040,108 | € 55,693,871 | € 55,645,070 | € 66,107,762 | ▲ 19% |
| Cash | € 28,512 | € 291,471 | € 349,306 | € 300,728 | ▼ 14% |
| Retained profit | € 21,116,308 | € 22,920,820 | € 19,654,691 | € 65,480,303 | ▲ 233% |
| Bank debt | € 23,901,325 | € 23,893,448 | € 25,459,225 | € 28,614,532 | ▲ 12% |
| Balance sheet total | € 145,240,191 | € 151,698,466 | € 148,148,629 | € 204,436,933 | ▲ 38% |
| Employees (FTE) | 70 | 82.3 | 74.7 | 73.5 | ▼ 1.2 |
Key figures of EFFICY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to EFFICY?
What happened at EFFICY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thomas LE BASTART DE VILLENEUVE stepped down as director. NBB
- Alfonso TASSO de SAXO COBURG e BRUGANCA stepped down as director. NBB
- Qiongyan SHAO stepped down as director. NBB
- SMARTFORYOU BV stepped down as director. NBB
- ARNEMI BV stepped down as director. NBB
- Be@dvised BV stepped down as director. NBB
- Cédric PIERRARD stepped down as director. NBB
- Robert HOUDART stepped down as director. NBB
In short
From € 5.6 million profit in 2022 to € 45.8 million profit in 2025.
Paid € 34,853 in corporate taxes since 2022.
Best year ever: 2025, with € 45.8 million profit.
Pays suppliers within 184 days on average.
A new publication or filing at EFFICY? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Fortino Capital Growth PE I ARKIV, TENFLOORS, SBM Invest A, SBM Invest F comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EFFICYThe shares are held by Fortino Capital Growth PE I ARKIV (28.2%), TENFLOORS (14%), SBM Invest A (1.7%) and SBM Invest F (1.7%). It owns 100% of EFFICY LUXEMBOURG SA, 100% of Efficy Finco, 100% of Efficy Iberica SL, 100% of EFFICY SUISSE SA, 100% of Efficy HoldCo and 100% of APSIS Group itself.
Directors
According to the 2025 annual accounts
Thomas LE BASTART DE VILLENEUVE
Director
since 2021 · until 2027
Alfonso TASSO de SAXO COBURG e BRUGANCA
Persoon belast met dagelijks bestuur
Also active at: SBM Invest A, SBM Invest F
since 2024 · until 2027
Qiongyan SHAO
Director
since 2021 · until 2027
Présidente du Conseil d'administraton · represented by Alain GEORGY
since 2024 · until 2027
since 2024 · until 2027
Director · represented by Renaat Berckmoes
Also active at: VANBREDA RISK & BENEFITS, ADDACTIS Group, FORTINO CAPITAL PARTNERS, Mobietrain, Fortino Capital Growth PE I MMF
since 2026 · until 2027
since 2019 · until 2027
since 2019 · until 2027
Director · represented by Jeroen VAN GODTSENHOVEN
Also active at: ADDACTIS Group, InTouch Holding
since 2024 · until 2026
Shareholders
Participations
EFFICY LUXEMBOURG SA
100%
100%
Efficy Iberica SL
100%
EFFICY SUISSE SA
100%
100%
APSIS Group
100%
26.2%
11.8%
EFFICY FRANCE SARL
APSIS ASIA LTD
EFFICY DEUTSCHLAND GmbH
WEBCRM A/S
EFFICY NEDERLAND BV
APSIS INTERNATIONAL AB
APSIS FINLAND OY
PerfectView Escrow BV
Establishments
Establishment units
Physical locations of this company
Steenweg op Mechelen 455 box 20
1950 Kraainem
Steenweg op Mechelen 455 bt20
1950 Kraainem
Active since 13 March 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0875.895.449
- VAT number
- BE 0875.895.449
- Registered office
- Steenweg op Mechelen 455 bus 20, 1950 Kraainem
- Names & denominations
- EFFICY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 September 2005
- Peppol
- Active · Active since 3 Jan 2026
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