ELIPSYS
ActiveSummary
ELIPSYS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-43k) and a net result of €-67k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-28
Solvency5▼-29
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.99 in 2023; short-term debt: 64.4% and cash: 21.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-20%
Return on assets
-31.4%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
181920212324
2018 to 2024 · latest year €-43k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
31 d late
2021
256 d late
2020
23 d early
2019
89 d late
2018
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-43k
2023 · €24k
2018: €7k
2019: €28k
2020: €10k
2021: €46k
2023: €24k
2018 → 2024
Total assets
€214k▼ 23.7%
2023 · €280k
2018: €55k
2019: €81k
2020: €78k
2021: €99k
2023: €280k
2018 → 2024
Net result
€-67k▼ 678%
2023 · €-9k
2018: €1k
2019: €20k
2020: €-4k
2021: €36k
2023: €-9k
2018 → 2024
Working capital
€-65k▼ 8,741%
2023 · €-735
2018: €3k
2019: €22k
2020: €-1k
2021: €36k
2023: €-735
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120232024Trend
Equity€28k-€10k▼ 64.6%€46k▲ 367%€24k▼ 46.9%€-43k
Operating result€30k-€2k▼ 93.9%€51k▲ 2,655%€11k▼ 78.3%€-55k
Net result€20k-€-4k€36k€-9k€-67k▼ 678%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €55k after €11k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €214k
Fixed assets
€141k ▼ 5.3%
Current assets
€73k ▼ 44.6%
Key figures and ratios
EBITDA
€-44k▼
2023 · €22k
Cash flow
€-56k▼
2023 · €2k
Solvency
-20.0%▼
2023 · 8.7%
Current ratio
0.53▼
2023 · 0.99
Debt to equity
-6.00▼
2023 · 10.51
ROA
-31.4%▼
2023 · -3.1%
Interest coverage
-4.00▼
2023 · 1.60
Debt
€257k▲
2023 · €256k
Debt ≤ 1 year
€138k▲
2023 · €132k
Debt > 1 year
€119k▼
2023 · €124k
Income taxes
€1k▼
2023 · €6k
Staff costs
€330k▲
2023 · €327k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€280k€214k▼
Fixed assets21/28€149k€141k▼
Tangible fixed assets22/27€149k€141k▼
Land and buildings22€139k€132k▼
Furniture and vehicles24€10k€9k▼
Financial fixed assets28€180€180=
Current assets29/58€131k€73k▼
Amounts receivable within one year40/41€12k€27k▲
Trade receivables40€12k€27k▲
Other amounts receivable41€228€228=
Cash at bank and in hand54/58€117k€45k▼
Deferred charges and accrued income490/1€3k€495▼
Equity and liabilities
Total equity and liabilities10/49€280k€214k▼
Equity10/15€24k€-43k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€16k€-51k▼
Amounts payable17/49€256k€257k▲
Amounts payable after more than one year17€124k€119k▼
Financial debts170/4€124k€119k▼
Amounts payable within one year42/48€132k€138k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€27k€33k▲
Suppliers440/4€27k€33k▲
Taxes, remuneration and social security45€99k€99k▼
Taxes450/3€47k€41k▼
Remuneration and social security454/9€53k€57k▲
Other amounts payable47/48€679€1k▲
Income statement
Code20232024
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€327k€330k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€353k€290k▼
Operating profit (loss)9901€11k€-55k▼
Financial income75/76B€76€12▼
Recurring financial income75€76€12▼
Financial charges65/66B€13k€11k▼
Recurring financial charges65€13k€11k▼
Profit (loss) for the period before taxes9903€-2k€-66k▼
Income taxes67/77€6k€1k▼
Profit (loss) for the period9904€-9k€-67k▼
Profit (loss) for the period to be appropriated9905€-9k€-67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€-51k▼
Profit (loss) brought forward from the previous period14P€25k€16k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 256 days late
2021
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Amay · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue les Communes(OMB) 16A4540 AmayGround area
2,550 m²
Building footprint
127 m²
Volume, LiDAR
614 m³
Parcel 61046A0202/00C000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELIPSYS
since 20172.262.555.286
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61046A0202/00C000 | Wallonia | 2,550 m² | 1 · 127 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
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.
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 13,736 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.