Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
EFFIC from Middelkerke, company number BE0880322312, closed financial year 2024 with a result of € 3,483 after tax. For that financial year EFFIC recorded a gross margin of € 35,434 and equity of € 156,741. Compared with financial year 2023, the result moved from € 10,782 to € 3,483. The company is profitable. 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 June 6, 2025.
€ 156,741
▲ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,483
▼ 68% vs 2023
Profit after tax over the fiscal year.
€ 30,735
▲ 78% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 1,718 paid out
49 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
€ 33,427
▼ 27% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 189,555
▼ 10% vs 2023
€ 137,278 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 544
▼ 74% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1,410
▼ 89% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 89,467 | € 92,669 | € 47,614 | € 35,434 | ▼ 26% |
| Profit after taxes | € 54,805 | € 49,557 | € 10,782 | € 3,483 | ▼ 68% |
| Equity | € 101,440 | € 145,861 | € 154,977 | € 156,741 | ▲ 1% |
| Total debts | € 233,091 | € 274,606 | € 269,578 | € 238,848 | ▼ 11% |
| Cash | € 65,116 | € 73,434 | € 17,251 | € 30,735 | ▲ 78% |
| Land & buildings | € 196,395 | € 215,628 | € 206,523 | € 197,470 | ▼ 4% |
| Retained profit | € 94,740 | € 139,161 | € 148,277 | € 150,041 | ▲ 1% |
| Dividend | € 0 | € 5,136 | € 1,666 | € 1,718 | ▲ 3% |
| Bank debt | € 204,457 | € 234,416 | € 210,509 | € 189,555 | ▼ 10% |
| Balance sheet total | € 334,530 | € 420,467 | € 424,555 | € 395,589 | ▼ 7% |
Key figures of EFFIC, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to EFFIC?
What happened at EFFIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 3,483 (▼ 68% vs 2023). Source: NBB ↗
- New establishment in Middelkerke. KBO
- Jean Vercruysse became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 54,805 profit in 2021 to € 3,483 profit in 2024.
Paid € 33,418 in corporate taxes since 2021.
Best year ever: 2021, with € 54,805 profit.
Paid out € 8,520 in dividends to the owners in total.
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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
Behind EFFIC is Jean Vercruysse. Jean Vercruysse is also behind The Cedar Fund.
Directors
According to the 2024 annual accounts
since 2006
Establishments
Establishment units
Physical locations of this company
Leopoldlaan 30
8430 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0880.322.312
- VAT number
- BE 0880.322.312
- Registered office
- Leopoldlaan 30, 8430 Middelkerke
- Names & denominations
- EFFIC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 2006
- Peppol
- Active · Active since 28 Apr 2026
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening