ELLIPSILONE
ActiveSummary
The annual accounts of ELLIPSILONE for fiscal year 2025 show a net loss of 55% of total assets. The 2025 annual accounts show equity of €5,204 and a net result of -€3,786. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 4735 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-99
Solvency100=
Growth38▼-14
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 4.02 against 11.15 in 2024; short-term debt: 24.9% and cash: 0.6% of total assets), and 24.9% 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+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
75.1%
Return on assets
-54.6%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
8 d early
2023
16 d early
2022
14 d early
2021
on the day
2020
4 d early
2019
5 d early
← 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 9 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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. Usually files around 17 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1▼ 100.0%
2024 · €2,769
EBIT margin
-371700.0%▼ 371791.8pp
2024 · 91.8%
Net result
-€3,786
2024 · €2,388
Working capital
€5,204▼ 38.9%
2024 · €8,512
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€17,819▼ 72.1%€5,769▼ 67.6%€1,513▼ 73.8%€2,769▲ 83.0%€1▼ 100.0%
Operating result-€4,863-€4,137▲ 14.9%-€5,786▼ 39.9%€2,543-€3,717
Net result-€2,740within the sector's middle half-€4,749within the sector's middle half▼ 73.3%-€6,091below the sector's middle half▼ 28.3%€2,388within the sector's middle half-€3,786below the sector's middle half
EBIT margin-27.3%▼ 47.7pp-71.7%▼ 44.4pp-382.4%▼ 310.7pp91.8%▲ 474.3pp-371700.0%▼ 371791.8pp
Equity€17,442within the sector's middle half▼ 13.6%€12,693within the sector's middle half▼ 27.2%€6,602within the sector's middle half▼ 48.0%€8,990within the sector's middle half▲ 36.2%€5,204within the sector's middle half▼ 42.1%
Total assets€31,989within the sector's middle half▼ 11.9%€24,415within the sector's middle half▼ 23.7%€13,043below the sector's middle half▼ 46.6%€9,829below the sector's middle half▼ 24.6%€6,929below the sector's middle half▼ 29.5%
Debt€14,547▼ 9.9%€11,722▼ 19.4%€6,441▼ 45.1%€839▼ 87.0%€1,725▲ 106%
Working capital€7,275within the sector's middle half▼ 27.0%€5,891within the sector's middle half▼ 19.0%€2,686within the sector's middle half▼ 54.4%€8,512within the sector's middle half▲ 217%€5,204within the sector's middle half▼ 38.9%
Solvency54.5%within the sector's middle half▼ 1.0pp52.0%within the sector's middle half▼ 2.5pp50.6%within the sector's middle half▼ 1.4pp91.5%above the sector's middle half▲ 40.8pp75.1%above the sector's middle half▼ 16.4pp
Current ratio1.50within the sector's middle half▼ 0.121.50within the sector's middle half=1.42within the sector's middle half▼ 0.0911.15above the sector's middle half▲ 9.734.02above the sector's middle half▼ 7.13
Return on assets (ROA)-8.6%below the sector's middle half▼ 36.3pp-19.5%below the sector's middle half▼ 10.9pp-46.7%below the sector's middle half▼ 27.2pp24.3%above the sector's middle half▲ 71.0pp-54.6%below the sector's middle half▼ 78.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
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 2025: a loss of €3,717 after €2,543 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €6,929
Equity
€5,204 ▼ 42.1%
Debt
€1,725 ▲ 106%
Debt's share of the balance-sheet total rises from 8.5% to 24.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,239▼
2024 · €3,462
Cash flow
-€3,308▼
2024 · €3,307
Debt to equity
0.33▲
2024 · 0.09
ROE
-72.8%▼
2024 · 26.6%
Interest coverage
-46.94▼
2024 · 22.34
Debt ≤ 1 year
€1,725▲
2024 · €839
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 4,805 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €17,819 | €5,769 | €1,513 | €2,769 | €1 | ▼ 100.0% |
| Non-recurring operating income76A | - | - | €254 | €4,525 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €16,536 | €5,651 | €3,667 | €3,136 | €2,525 | ▼ 19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,085 | €3,365 | €2,850 | €919 | €478 | ▼ 48.0% |
| Other operating charges640/8 | €837 | €890 | €937 | €696 | €715 | ▲ 2.7% |
| Non-recurring operating charges66A | €224 | - | €99 | - | - | - |
| Gross operating margin9900 | €1,283 | €118 | -€1,900 | €4,158 | -€2,524 | ▼ 161% |
| Operating profit (loss)9901 | -€4,863 | -€4,137 | -€5,786 | €2,543 | -€3,717 | ▼ 246% |
| Financial income75/76B | - | €40 | - | - | - | - |
| Recurring financial income75 | - | €40 | - | - | - | - |
| Financial charges65/66B | €761 | €536 | €159 | €155 | €69 | ▼ 55.5% |
| Recurring financial charges65 | €761 | €536 | €159 | €155 | €69 | ▼ 55.5% |
| Profit (loss) for the period before taxes9903 | -€5,624 | -€4,633 | -€5,945 | €2,388 | -€3,786 | ▼ 259% |
| Income taxes67/77 | -€2,884 | €116 | €146 | - | - | - |
| Profit (loss) for the period9904 | -€2,740 | -€4,749 | -€6,091 | €2,388 | -€3,786 | ▼ 259% |
| Profit (loss) for the period to be appropriated9905 | -€2,740 | -€4,749 | -€6,091 | €2,388 | -€3,786 | ▼ 259% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,989 | €24,415 | €13,043 | €9,829 | €6,929 | ▼ 29.5% |
| Fixed assets21/28 | €10,167 | €6,802 | €3,916 | €478 | - | - |
| Intangible fixed assets21 | €4,905 | €2,986 | €1,396 | €478 | - | - |
| Tangible fixed assets22/27 | €5,262 | €3,816 | €2,520 | - | - | - |
| Plant, machinery and equipment23 | - | €2,417 | €1,611 | - | - | - |
| Furniture and vehicles24 | €5,262 | €1,399 | €909 | - | - | - |
| Current assets29/58 | €21,822 | €17,613 | €9,127 | €9,351 | €6,929 | ▼ 25.9% |
| Stocks and contracts in progress3 | €1,989 | €1,989 | €1,989 | - | - | - |
| Stocks30/36 | €1,989 | €1,989 | €1,989 | - | - | - |
| Amounts receivable within one year40/41 | €7,193 | €6,901 | €7,032 | €6,750 | €6,890 | ▲ 2.1% |
| Trade receivables40 | €7,193 | €6,901 | €7,032 | €6,735 | €6,735 | = |
| Other amounts receivable41 | - | - | - | €15 | €155 | ▲ 933% |
| Cash at bank and in hand54/58 | €12,479 | €8,723 | €106 | €2,601 | €39 | ▼ 98.5% |
| Deferred charges and accrued income490/1 | €161 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,989 | €24,415 | €13,043 | €9,829 | €6,929 | ▼ 29.5% |
| Equity10/15 | €17,442 | €12,693 | €6,602 | €8,990 | €5,204 | ▼ 42.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€3,018 | -€7,767 | -€13,858 | -€11,470 | -€15,256 | ▼ 33.0% |
| Amounts payable17/49 | €14,547 | €11,722 | €6,441 | €839 | €1,725 | ▲ 106% |
| Amounts payable within one year42/48 | €14,547 | €11,722 | €6,441 | €839 | €1,725 | ▲ 106% |
| Financial debts43 | €279 | - | - | - | - | - |
| Credit institutions430/8 | €279 | - | - | - | - | - |
| Trade debts44 | €314 | - | - | - | - | - |
| Suppliers440/4 | €314 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €46 | €736 | €536 | - | - | - |
| Taxes450/3 | €46 | €736 | €536 | - | - | - |
| Other amounts payable47/48 | €13,908 | €10,986 | €5,905 | €839 | €1,725 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,740 | -€4,749 | -€6,091 | €2,388 | -€3,786 | ▼ 259% |
| + Depreciation and write-downs630 | €5,085 | €3,365 | €2,850 | €919 | €478 | ▼ 48.0% |
| Operating cash flow (approximation) | €2,345 | -€1,384 | -€3,241 | €3,307 | -€3,308 | ▼ 200% |
| Investment in fixed assets (approximation) | - | €0 | €36 | €2,519 | - | - |
| Change in cash | - | -€3,756 | -€8,617 | €2,495 | -€2,562 | ▼ 203% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
21-05
State Gazette act
Resignation: Estelle Wallemacq (administrateur gérant)Appointment: Thibault LEGRAIN (administrateur délégué à la gestion joumalière) · Share transfer · Shareholding7 facts ▸
State Gazette act
Resignation: Estelle Wallemacq (administrateur gérant)
Appointment: Thibault LEGRAIN (administrateur délégué à la gestion joumalière) · Share transfer · Shareholding7 facts ▸
- General meeting, 28-03-2026
- Share transfer, Estelle Wallemacq → Thibault LEGRAIN
- Shareholding, 28-03-2026, actions
- Director discharge, Estelle Wallemacq (administrateur gérant)
- Director resignation, Estelle Wallemacq (administrateur gérant)
- Director appointment, Thibault LEGRAIN (administrateur délégué à la gestion joumalière)
- Director resignation, Estelle Wallemacq (administrateur gérant)
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,388
Net result €2,388 after 3 loss-making years.
31-12
Financial
Liquidity times 8current ratio 11.15
Current ratio from 1.42 to 11.15; short-term debt falls from €6,441 to €839.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €10,076 ▲516%
Operating result €13,030, net result €10,076, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1,635
Net result €1,635 after one loss-making year.
Show earlier events
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 office holder, last change in 2026
Day-to-day management 1
Thibault LEGRAIN
CurrentAdministrateur délégué à la gestion joumalière · since 28-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2012
Ground area
1,756 m²
Building footprint
250 m²
Parcel 25055C0308/00C003, Wallonia. Linked by address, not a title deed.
122
companies at this address
See who is registered here
1 establishment unit
ELLIPSILONE
since 20122.301.261.652
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055C0308/00C003 | Wallonia | 1,756 m² | 1 · 250 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.
Mandate history
2 people since 2026, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Thibault LEGRAIN |
|
| Estelle Wallemacq |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 21-05-2026 ↗
- Thibault LEGRAIN 100 shares · 100%
Share transfer
act of 21-05-2026 ↗
- Estelle Wallemacq to Thibault LEGRAIN 100 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 6,710 companies in sector 96230 we hold annual accounts for 628. 332 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
46190Agents in non-specialised wholesale trade
47750Retail sale of cosmetics and toilet articles
58110Book publishing
74301Translation services
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0500481101
Registered
17-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.