ELLIPSE GROUP
ActiveSummary
ELLIPSE GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €99k and a net result of €38k. Equity is growing by ~61.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▲+11
Solvency73▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.42 in 2023; short-term debt: 51.6% of total assets), but 51.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
91 d late
2022
203 d late
2021
187 d late
2020
72 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€99k▲ 61.7%
2023 · €61k
2018: €19k
2019: €-4k
2020: €21k
2021: €25k
2022: €41k
2023: €61k
2018 → 2024
Total assets
€205k▲ 4.3%
2023 · €196k
2018: €67k
2019: €54k
2020: €111k
2021: €97k
2022: €158k
2023: €196k
2018 → 2024
Net result
€38k▲ 89.5%
2023 · €20k
2018: €17k
2019: €-23k
2020: €30k
2021: €9k
2022: €17k
2023: €20k
2018 → 2024
Working capital
€90k▲ 59.3%
2023 · €57k
2018: €-2k
2019: €-16k
2020: €17k
2021: €23k
2022: €38k
2023: €57k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€25k▲ 20.3%€41k▲ 66.7%€61k▲ 48.3%€99k▲ 61.7%
Operating result€36k-€15k▼ 58.0%€15k▼ 1.6%€31k▲ 110%€62k▲ 96.3%
Net result€30k-€9k▼ 69.2%€17k▲ 80.1%€20k▲ 20.7%€38k▲ 89.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 96% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €205k
Fixed assets
€9k ▲ 93.4%
Current assets
€196k ▲ 2.2%
Equity and liabilities €205k
Equity
€99k ▲ 61.7%
Debt
€106k ▼ 21.7%
The debt ratio falls from 68.8% to 51.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▲
2023 · €32k
Cash flow
€38k▲
2023 · €21k
Current ratio
1.86▲
2023 · 1.42
Debt / equity
1.07▼
2023 · 2.21
ROE
38.2%▲
2023 · 32.6%
ROA
18.5%▲
2023 · 10.2%
Interest coverage
28.62▲
2023 · 13.19
Debt ≤ 1 year
€106k▼
2023 · €135k
Income taxes
€27k▲
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€196k€205k▲
Fixed assets21/28€4k€9k▲
Tangible fixed assets22/27€4k€8k▲
Furniture and vehicles24€33€3k▲
Assets under construction and advance payments27€4k€5k▲
Financial fixed assets28€150€150=
Current assets29/58€192k€196k▲
Amounts receivable after more than one year29€20k€20k=
Other amounts receivable291€20k€20k=
Amounts receivable within one year40/41€171k€176k▲
Trade receivables40€111k€70k▼
Other amounts receivable41€59k€106k▲
Cash at bank and in hand54/58€782-
Deferred charges and accrued income490/1€327-
Equity and liabilities
Total equity and liabilities10/49€196k€205k▲
Equity10/15€61k€99k▲
Contributions10/11€12k€12k=
Reserves13€49k€86k▲
Distributable reserves133€49k€86k▲
Profit (loss) carried forward14€137€406▲
Amounts payable17/49€135k€106k▼
Amounts payable within one year42/48€135k€106k▼
Financial debts43-€834
Credit institutions430/8-€834
Trade debts44€112k€73k▼
Suppliers440/4€112k€73k▼
Taxes, remuneration and social security45€23k€32k▲
Taxes450/3€21k€32k▲
Remuneration and social security454/9€3k-
Income statement
Code20232024
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€705€615▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€2k€1k▼
Gross operating margin9900€36k€65k▲
Operating profit (loss)9901€31k€62k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€32k€65k▲
Income taxes67/77€12k€27k▲
Profit (loss) for the period9904€20k€38k▲
Profit (loss) for the period to be appropriated9905€20k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€38k▲
Profit (loss) brought forward from the previous period14P€106€137▲
Transfer to equity691/2€20k€38k▲
To other reserves6921€20k€38k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €38k ▲89.5%
Operating result €62k, net result €38k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 203 days late
2023
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 187 days late
2021
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 72 days late
2020
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-23k ▼234%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 88 days late
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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-Pieters-Leeuw · 1 establishment unit since 2012
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.
Humaniteitslaan 651601 Sint-Pieters-LeeuwGround area
3,035 m²
Building footprint
907 m²
Volume, LiDAR
9,517 m³
Parcel 23069A0267/00B003, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELLIPSE GROUP
since 20122.213.025.997
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23069A0267/00B003 | Flanders | 3,035 m² | 1 · 907 m² | 13.8 m · 3 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.
Similar companies · same sector, comparable size
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PVH-Consult
BE 1004.588.418
Beveren-Kruibeke-Zwijndrecht · Eq €98,883
BUCKEYE CONSULTING
BE 1001.979.514
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Fironi
BE 0718.947.073
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 15,579 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
Founded27-09-2012
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.