Equity
ELLIPS has made a profit in every financial year since 2020.
ELLIPS has made a profit in every financial year since 2020.
Of this, €286,076 falls due within a year.
The 2022 accounts came latest: 31 days after the end of the period.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 21% of them on solvency, 19% on liquidity, 36% on profitability and 69% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,274 companies had the same profile as ELLIPS has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELLIPS itself is lower: 0.1% within 12 months. It rests on far more data about ELLIPS than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for ELLIPS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.23 (1.11 in 2024), below the usual 1.5. Short-term debt is 46.8% and cash 9.5% of total assets. 81.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 10 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ELLIPS Ghent | €610,799 | €400,818 | 18.5% | - |
| TOPORAMA Tielt | €637,800 | €454,592 | 26.0% | - |
| Ijkpunt Landmeters Oost Beringen | €664,484 | €350,089 | 25.7% | 8 |
| Westmate Aalter | €700,235 | €278,575 | 25.1% | - |
| Lebrun GeoExpert Uccle | €613,984 | €514,526 | 24.6% | - |
| BUREAU d'ETUDES LEFEBVRE GEOMETRE-EXPERT-IMMOBILIER Eghezée | €711,538 | €439,890 | 10.6% | - |
| Buro STIEL Group Roeselare | €430,980 | €395,965 | 4.1% | 4 |
These companies have the same main activity as ELLIPS: land surveying (NACE 71122). They are comparable in size and age: total assets between €431,000 and €712,000, founded between 2019 and 2020.
ELLIPS files the micro format. That format states no turnover. The gross margin rose from €195,125 in 2020 to €400,818 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.0m. Estimated: probably between €700,000 and €1.3m.
Higher than 21% of 11,794 companies in 2025.
Higher than 29% of 11,521 companies in 2025.
Higher than 30% of 11,605 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
610,799 | 656,762 | 666,247 | 745,292 | 795,521 | 548,604 | |
21/28 |
259,423 | 345,474 | 374,524 | 375,535 | 419,636 | 429,388 | |
21 |
136,063 | 169,354 | 124,093 | 144,093 | 164,093 | 184,093 | |
22/27 |
116,547 | 169,308 | 243,619 | 224,629 | 248,261 | 238,482 | |
23 |
106,694 | 152,453 | 189,297 | 177,598 | 214,250 | 185,462 | |
24 |
9,853 | 16,855 | 54,322 | 47,031 | 34,011 | 53,020 | |
28 |
6,812 | 6,812 | 6,812 | 6,812 | 7,282 | 6,812 | |
29/58 |
351,376 | 311,287 | 291,722 | 369,758 | 375,885 | 119,216 | |
3 |
12,500 | 46,384 | 91,000 | - | 36,120 | 62,020 | |
30/36 |
- | - | - | - | 6,120 | 6,120 | |
37 |
12,500 | 46,384 | 91,000 | - | 30,000 | 55,900 | |
40/41 |
253,909 | 203,904 | 98,242 | 151,191 | 320,643 | 24,232 | |
40 |
238,559 | 178,116 | 68,242 | 103,691 | 279,194 | 18,642 | |
41 |
15,350 | 25,788 | 30,000 | 47,500 | 41,448 | 5,590 | |
54/58 |
58,293 | 33,649 | 72,130 | 208,129 | 11,523 | 31,465 | |
490/1 |
26,674 | 27,351 | 30,350 | 10,437 | 7,600 | 1,500 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
610,799 | 656,762 | 666,247 | 745,292 | 795,521 | 548,604 | |
10/15 |
112,846 | 92,376 | 74,633 | 72,855 | 54,062 | 23,963 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
2,000 | 2,000 | 2,000 | 2,000 | 34,062 | 3,963 | |
130/1 |
- | - | - | - | 2,000 | 2,000 | |
1311 |
- | - | - | - | 2,000 | 2,000 | |
133 |
2,000 | 2,000 | 2,000 | 2,000 | 32,062 | 1,963 | |
14 |
90,846 | 70,376 | 52,633 | 50,855 | - | - | |
17/49 |
497,953 | 564,385 | 591,614 | 672,437 | 741,459 | 524,641 | |
17 |
211,876 | 283,402 | 375,540 | 370,570 | 449,781 | 415,660 | |
170/4 |
211,876 | 283,402 | 375,540 | 370,570 | 340,369 | 338,247 | |
178/9 |
- | - | - | - | 109,413 | 77,413 | |
42/48 |
286,076 | 280,983 | 216,053 | 301,867 | 291,678 | 108,982 | |
42 |
75,905 | 77,765 | 87,813 | 70,114 | 58,929 | 47,252 | |
44 |
43,589 | 103,297 | 45,161 | 101,792 | 117,781 | 31,011 | |
440/4 |
43,589 | 103,297 | 45,161 | 101,792 | 117,781 | 31,011 | |
45 |
113,304 | 60,552 | 58,835 | 92,842 | 110,703 | 26,286 | |
450/3 |
63,904 | 25,153 | 18,827 | 48,614 | 67,136 | 6,845 | |
454/9 |
49,400 | 35,399 | 40,008 | 44,228 | 43,566 | 19,441 | |
47/48 |
53,279 | 39,368 | 24,245 | 37,119 | 4,266 | 4,433 | |
492/3 |
- | - | 20 | - | - | - | |
| Income statement | |||||||
76A |
- | 3,530 | - | - | - | - | |
9900 |
400,818 | 352,314 | 336,692 | 354,948 | 290,518 | 195,125 | |
62 |
277,989 | 231,707 | 244,758 | 250,100 | 167,739 | 140,818 | |
630 |
89,794 | 90,152 | 82,339 | 74,537 | 82,511 | 38,477 | |
640/8 |
754 | 732 | 769 | 648 | 2,018 | 2,953 | |
9901 |
32,282 | 29,722 | 8,825 | 29,664 | 38,250 | 12,877 | |
75/76B |
361 | 191 | 883 | 809 | - | - | |
75 |
361 | 191 | 883 | 809 | - | - | |
65/66B |
4,927 | 7,561 | 6,299 | 4,667 | 4,268 | 7,004 | |
65 |
4,927 | 7,561 | 6,299 | 4,667 | 4,268 | 7,004 | |
9903 |
27,715 | 22,352 | 3,409 | 25,806 | 33,982 | 5,873 | |
67/77 |
7,246 | 4,609 | 1,631 | 7,013 | 3,883 | 1,910 | |
9904 |
20,470 | 17,743 | 1,778 | 18,793 | 30,099 | 3,963 | |
9905 |
20,470 | 17,743 | 1,778 | 18,793 | 30,099 | 3,963 | |
| Appropriation of the result | |||||||
9906 |
90,846 | 70,376 | 52,633 | 18,793 | 30,099 | 3,963 | |
14P |
70,376 | 52,633 | 50,855 | - | - | - | |
791/2 |
- | - | - | 32,062 | - | - | |
691/2 |
- | - | - | - | 30,099 | 3,963 | |
6920 |
- | - | - | - | - | 2,000 | |
6921 |
- | - | - | - | 30,099 | 1,963 | |
| Social balance sheet | |||||||
9087 |
4.8 | 4.2 | 4.4 | 4.7 | 3.3 | 2.9 | |
Hours worked1013 |
8,462 | 7,295 | 6,992 | 8,089 | 5,536 | 3,987 | |
| Document | |||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-08-2026.
2025 annual accounts filed 29 days after the deadline. Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00450680.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-08-2026 | 2026-00450680 | |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00397083 | |
| 31-12-2023 | micro format | 25-08-2024 | 2024-00380011 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00425319 | |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20169559 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27600564 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €7,179 | €7,179 |
| 2024 | 2 | €8,460 | €9,795 |
| 2023 | 2 | €13,623 | €12,288 |
| 2022 | 2 | €5,591 | €5,591 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 122,075 | 119,875 | 91,164 | 104,200 | 120,761 | 51,354 | ||
| 110,263 | 107,896 | 84,117 | 93,330 | 112,610 | 42,440 | ||
| 3,742 | 84,113 | 81,329 | 30,905 | 72,759 | 467,865 | ||
| 24,645 | -38,482 | -135,999 | 196,607 | -19,942 | - | ||
| 65,300 | 30,304 | 75,669 | 67,891 | 84,207 | 10,235 | ||
| 18.5% | 14.1% | 11.2% | 9.8% | 6.8% | 4.4% | ||
| 1.23 | 1.11 | 1.35 | 1.22 | 1.29 | 1.09 | ||
| 1.18 | 0.94 | 0.93 | 1.22 | 1.16 | 0.52 | ||
| 4.41 | 6.11 | 7.93 | 9.23 | 13.71 | 21.89 | ||
| 18.1% | 19.2% | 2.4% | 25.8% | 55.7% | 16.5% | ||
| 3.4% | 2.7% | 0.3% | 2.5% | 3.8% | 0.7% | ||
| 24.78 | 15.85 | 14.47 | 22.33 | 28.29 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 5 | 6 | 5 |
| full-time | 4 | 4 | 3 | 3 | 4 |
| part-time | 1 | 1 | 2 | 3 | 1 |
| in full-time equivalents | 4.8 | 4.8 | 4.3 | 5.3 | 4.9 |
| 4.8 | 4.2 | 4.4 | 4.7 | 3.3 | |
| On a permanent contract | 5 | 5 | 5 | 6 | 5 |
| Joined | - | - | 0 | 2 | 2 |
| Left | - | - | 1 | 1 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,742 | €17,658 | €81,329 | €30,905 | €72,290 |
| Intangible fixed assets | - | €66,455 | - | - | - |
| Financial fixed assets | - | - | - | - | €470 |
| €89,794 | €90,152 | €82,339 | €74,537 | €82,511 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 9% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 85.9% to 81.5%. Equity is higher and debt is lower.
ELLIPS has no parent and no holdings in its annual accounts. WILLEN Jan Angelo José is the only director.
| Vernieuwing in de Basisvoorzieningen voor Jonge Kinderen
registered office since 12-07-1985 · founded in 1985 |
7.9 FTE (2025) 0431.002.870 |
| KENNETH SMITH
establishment since 01-06-2016 · founded in 2008 |
total assets €296,670 (2025) 0898.903.948 |
| Steunpunt Adoptie
registered office since 01-02-2013 · founded in 2012 |
total assets €244,699 (2025) 0508.472.515 |
| Landuyt, Elien (sole trader)
establishment since 01-03-2022 |
founded in 2022 0782.813.358 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 11 December 2019, ELLIPS was incorporated as a private limited company.1 WILLEN Jan Angelo José is statutory director of the company, appointed by deed of 13-12-2019.2 Total assets went from €548,604 in 2020 to €610,799 in 2025 and headcount from 2.9 to 4.8 full-time equivalents.3
| Establishment | Since | Unit number |
|---|---|---|
| Ellips Landmeters registered office Raas van Gaverestraat 67, 9000 Ghent | 11-12-2019 | 2.296.546.957 |
| Ellips Landmeters Karel Van de Woestijnestraat 8, 9300 Aalst | 28-05-2020 | 2.302.692.502 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44806F0481/00C002 | 1,346 m² | 1 · 781 m² | 9.5 m · 3 |
| 41002B0207/00T004 | 216 m² | 1 · 77 m² | 13.4 m · 4 |
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