ECLIPSE
ActiveSummary
ECLIPSE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €807,032 and a net result of €128,690. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 56% of 712 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+6
Solvency74▲+5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.23 in 2024; short-term debt: 50.9% and cash: 32.8% of total assets), and 50.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.1%
Return on assets
7.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
19 d late
2023
23 d late
2022
29 d late
2021
19 d late
2020
18 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#8 oldest company in Sint-Katelijne-Waver, Professional and technical services sector
Turnover
€2.4m
EBIT margin
3.8%
Net result
€128,690▲ 169%
2024 · €47,922
Working capital
€273,569▲ 35.6%
2024 · €201,783
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€23,800▼ 14.8%€61,887-€8,248€65,390€162,266▲ 148%
Net result€18,544within the sector's middle half€52,057within the sector's middle half▲ 181%-€2,794below the sector's middle half€47,922within the sector's middle half€128,690within the sector's middle half▲ 169%
EBIT margin
Equity€1.1mabove the sector's middle half▲ 1.7%€1.2mabove the sector's middle half▲ 4.6%€1.2mabove the sector's middle half▼ 0.2%€678,343within the sector's middle half▼ 42.3%€807,032within the sector's middle half▲ 19.0%
Total assets€1.4mwithin the sector's middle half▲ 9.2%€1.5mwithin the sector's middle half▲ 4.2%€1.7mwithin the sector's middle half▲ 13.6%€1.6mwithin the sector's middle half▼ 6.4%€1.6mwithin the sector's middle half▲ 5.6%
Debt€278,885▲ 55.4%€285,462▲ 2.4%€487,677▲ 70.8%€879,131▲ 80.3%€837,591▼ 4.7%
Working capital€610,522▲ 9.7%€673,162▲ 10.3%€686,696▲ 2.0%€201,783▼ 70.6%€273,569▲ 35.6%
Solvency80.2%above the sector's middle half▼ 5.9pp80.5%above the sector's middle half▲ 0.3pp70.7%within the sector's middle half▼ 9.8pp43.6%within the sector's middle half▼ 27.1pp49.1%within the sector's middle half▲ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 148% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€533,464 ▲ 11.9%
Current assets
€1.1m ▲ 2.8%
Equity and liabilities €1.6m
Equity
€807,032 ▲ 19.0%
Debt
€837,591 ▼ 4.7%
Debt's share of the balance-sheet total falls from 56.4% to 50.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€179,291▲
2024 · €80,446
Cash flow
€145,715▲
2024 · €62,978
Current ratio
1.33▲
2024 · 1.23
Debt to equity
1.04▼
2024 · 1.30
ROE
15.9%▲
2024 · 7.1%
ROA
7.8%▲
2024 · 3.1%
Interest coverage
764.83▲
2024 · 57.27
Debt ≤ 1 year
€837,591▼
2024 · €879,131
Income taxes
€45,187▲
2024 · €23,970
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €344,897 | - |
| Remuneration, social security and pensions62 | €103 | €101 | €115 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,284 | €29,785 | €14,242 | €15,056 | €17,026 | ▲ 13.1% |
| Other operating charges640/8 | €5,298 | €6,353 | €6,301 | €6,473 | €6,536 | ▲ 1.0% |
| Non-recurring operating charges66A | - | - | - | €150 | - | - |
| Gross operating margin9900 | €14,885 | €98,125 | €12,410 | €87,069 | €185,827 | ▲ 113% |
| Operating profit (loss)9901 | -€23,800 | €61,887 | -€8,248 | €65,390 | €162,266 | ▲ 148% |
| Financial income75/76B | €50,558 | €9,241 | €6,411 | €7,907 | €11,846 | ▲ 49.8% |
| Recurring financial income75 | €50,558 | €9,241 | €6,411 | €7,907 | €11,846 | ▲ 49.8% |
| Financial charges65/66B | €315 | €314 | €377 | €1,405 | €234 | ▼ 83.3% |
| Recurring financial charges65 | €315 | €314 | €377 | €1,405 | €234 | ▼ 83.3% |
| Profit (loss) for the period before taxes9903 | €26,443 | €70,813 | -€2,214 | €71,892 | €173,877 | ▲ 142% |
| Income taxes67/77 | €7,899 | €18,757 | €580 | €23,970 | €45,187 | ▲ 88.5% |
| Profit (loss) for the period9904 | €18,544 | €52,057 | -€2,794 | €47,922 | €128,690 | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | €18,544 | €52,057 | -€2,794 | €47,922 | €128,690 | ▲ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €1.7m | €1.6m | €1.6m | ▲ 5.6% |
| Fixed assets21/28 | €516,206 | €505,621 | €489,294 | €476,560 | €533,464 | ▲ 11.9% |
| Tangible fixed assets22/27 | €516,206 | €505,621 | €489,294 | €476,560 | €533,464 | ▲ 11.9% |
| Land and buildings22 | €421,113 | €416,278 | €416,278 | €416,278 | €416,278 | = |
| Plant, machinery and equipment23 | €45,325 | €49,494 | €48,336 | €42,507 | €40,780 | ▼ 4.1% |
| Furniture and vehicles24 | €37,893 | €27,975 | €16,556 | €6,525 | €64,531 | ▲ 889% |
| Other tangible fixed assets26 | €11,875 | €11,875 | €8,125 | €11,250 | €11,875 | ▲ 5.6% |
| Current assets29/58 | €889,406 | €958,625 | €1.2m | €1.1m | €1.1m | ▲ 2.8% |
| Amounts receivable within one year40/41 | €62,216 | €106,778 | €281,101 | €149,895 | €45,849 | ▼ 69.4% |
| Trade receivables40 | €54,406 | €82,797 | €270,989 | €142,033 | €40,210 | ▼ 71.7% |
| Other amounts receivable41 | €7,810 | €23,981 | €10,112 | €7,862 | €5,639 | ▼ 28.3% |
| Current investments50/53 | €410,703 | €417,153 | €470,394 | €520,142 | €526,028 | ▲ 1.1% |
| Cash at bank and in hand54/58 | €416,488 | €434,693 | €422,878 | €410,878 | €539,283 | ▲ 31.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €1.7m | €1.6m | €1.6m | ▲ 5.6% |
| Equity10/15 | €1.1m | €1.2m | €1.2m | €678,343 | €807,032 | ▲ 19.0% |
| Contributions10/11 | €774,266 | €774,266 | €774,266 | €228,696 | €228,696 | = |
| Capital10 | €774,266 | €774,266 | €774,266 | €228,696 | €228,696 | = |
| Issued capital100 | €774,266 | €774,266 | €774,266 | €228,696 | €228,696 | = |
| Reserves13 | €352,789 | €352,789 | €404,518 | €449,518 | €449,647 | = |
| Non-distributable reserves130/1 | €8,060 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Legal reserve130 | €8,060 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Tax-exempt reserves132 | €6,351 | €6,351 | €6,351 | €6,351 | €6,351 | = |
| Distributable reserves133 | €338,378 | €338,378 | €390,107 | €435,107 | €435,235 | = |
| Profit (loss) carried forward14 | -€328 | €51,729 | -€2,794 | €128 | €128,690 | ▲ 100,227% |
| Amounts payable17/49 | €278,885 | €285,462 | €487,677 | €879,131 | €837,591 | ▼ 4.7% |
| Amounts payable within one year42/48 | €278,885 | €285,462 | €487,677 | €879,131 | €837,591 | ▼ 4.7% |
| Trade debts44 | €274,130 | €280,488 | €468,007 | €325,826 | €248,919 | ▼ 23.6% |
| Suppliers440/4 | €274,130 | €280,488 | €468,007 | €325,826 | €248,919 | ▼ 23.6% |
| Taxes, remuneration and social security45 | €4,755 | €4,974 | €15,447 | €4,500 | €41,332 | ▲ 818% |
| Taxes450/3 | €4,755 | €4,974 | €15,447 | €4,500 | €41,332 | ▲ 818% |
| Other amounts payable47/48 | - | - | €4,222 | €548,805 | €547,340 | ▼ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,544 | €52,057 | -€2,794 | €47,922 | €128,690 | ▲ 169% |
| + Depreciation and write-downs630 | €33,284 | €29,785 | €14,242 | €15,056 | €17,026 | ▲ 13.1% |
| Operating cash flow (approximation) | €51,828 | €81,841 | €11,448 | €62,978 | €145,715 | ▲ 131% |
| Investment in fixed assets (approximation) | - | -€19,200 | €2,085 | -€2,322 | -€73,929 | ▼ 3,084% |
| Change in cash | - | €18,206 | -€11,815 | -€12,000 | €128,406 | ▲ 1,170% |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
31-12
Financial
Highest result since 2018net €128,690 ▲169%
Operating result €162,266, net result €128,690, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-12
Financial
Back to profitnet €47,922
Net result €47,922 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-12
Financial
Back to profitnet €18,544
Net result €18,544 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
31-12
Financial
Weakest financial yearnet -€18,872
Net result drops to -€18,872, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 1989
Ground area
6,952 m²
Parcel 12422C0418/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
ECLIPSE NV
since 19892.044.578.866
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422C0418/00F000 | Flanders | 6,952 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,523 EUR awarded · 2,523 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,523 EUR | 2,523 EUR |
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Of 2,711 companies in sector 73200 we hold annual accounts for 1,787. 1,169 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
01430Raising of horses and other equines
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438124056
Also
9925:BE0438124056
Registered
01-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.