Groepspraktijk Eclips
ActiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 26-06-2026 at the NBB all 7 filings
Turnover
≈ €580,000
Estimated: probably between €350,000 and €1.1m
Total assets
€515,496▼ 13.4%
2025 · €595,320
Net result
€151,374▲ 24.4%
2025 · €121,640
Working capital
€333,750▲ 157%
2025 · €130,002
Multi-year overview
2020 to 2026, 7 financial yearsOperating result
€197,900
▲ 26.7%
2026
20202026
Net result
€151,374
▲ 24.4%
2026
20202026
Equity
€237,339
▲ 176%
2026
20202026
Total assets
€515,496
▼ 13.4%
2026
20202026
Debt
€278,157
▼ 45.4%
2026
20202026
Working capital
€333,750
▲ 157%
2026
20202026
Solvency
46.0%
▲ 31.6pp
2026
20202026
Current ratio
5.32
▲ 3.93
2026
20202026
Return on assets (ROA)
29.4%
▲ 8.9pp
2026
20202026
Staff (FTE)
0
2026
20202026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023202420252026
Operating result€53,991-€69,267▲ 28.3%€86,969▲ 25.6%€94,063▲ 8.2%€185,762▲ 97.5%€156,170▼ 15.9%€197,900▲ 26.7%
Net result€35,569-€48,196within the sector's middle half▲ 35.5%€62,920within the sector's middle half▲ 30.5%€69,680within the sector's middle half▲ 10.7%€144,960within the sector's middle half▲ 108%€121,640within the sector's middle half▼ 16.1%€151,374▲ 24.4%
Equity€38,569-€86,765below the sector's middle half▲ 125%€149,685below the sector's middle half▲ 72.5%€219,365below the sector's middle half▲ 46.6%€264,325within the sector's middle half▲ 20.5%€85,966within the sector's middle half▼ 67.5%€237,339▲ 176%
Total assets€92,412-€227,984below the sector's middle half▲ 147%€311,523below the sector's middle half▲ 36.6%€347,852below the sector's middle half▲ 11.7%€531,510below the sector's middle half▲ 52.8%€595,320within the sector's middle half▲ 12.0%€515,496▼ 13.4%
Debt€53,843-€141,219▲ 162%€161,838▲ 14.6%€128,487▼ 20.6%€267,185▲ 108%€509,354▲ 90.6%€278,157▼ 45.4%
Working capital-€10,233-€16,632below the sector's middle half€23,160below the sector's middle half▲ 39.3%€98,208within the sector's middle half▲ 324%€306,072within the sector's middle half▲ 212%€130,002within the sector's middle half▼ 57.5%€333,750▲ 157%
Solvency41.7%-38.1%within the sector's middle half▼ 3.7pp48.0%within the sector's middle half▲ 10.0pp63.1%within the sector's middle half▲ 15.0pp49.7%within the sector's middle half▼ 13.3pp14.4%below the sector's middle half▼ 35.3pp46.0%▲ 31.6pp
Current ratio0.81-1.27below the sector's middle half▲ 0.461.31below the sector's middle half▲ 0.042.28within the sector's middle half▲ 0.965.22within the sector's middle half▲ 2.941.39within the sector's middle half▼ 3.835.32▲ 3.93
Return on assets (ROA)38.5%-21.1%above the sector's middle half▼ 17.3pp20.2%above the sector's middle half▼ 0.9pp20.0%above the sector's middle half▼ 0.2pp27.3%above the sector's middle half▲ 7.2pp20.4%above the sector's middle half▼ 6.8pp29.4%▲ 8.9pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half0
above
within
below
The sector band is the middle half of the companies in Education (NACE 85). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 27% higher than in 2025 and the highest since 2022. It is a recovery after the fall in 2025.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €515,496
Fixed assets
€104,412 ▼ 20.6%
Current assets
€411,084 ▼ 11.4%
Equity and liabilities €515,496
Equity
€237,339 ▲ 176%
Debt
€278,157 ▼ 45.4%
Debt's share of the balance-sheet total falls from 85.6% to 54.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€224,916▲
2025 · €182,811
Cash flow
€178,389▲
2025 · €148,281
Debt to equity
1.17▼
2025 · 5.93
ROE
63.8%▼
2025 · 141.5%
Interest coverage
30.38▼
2025 · over 100
Debt ≤ 1 year
€77,334▼
2025 · €333,890
Debt > 1 year
€200,156▲
2025 · €175,446
Income taxes
€51,034▲
2025 · €40,899
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €123,321 | €61,529 | €7,845 | €5,158 | - |
| Depreciation and write-downs of the year | €31,065 | €23,640 | €27,682 | €26,641 | €27,015 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,558 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,244 | €19,545 | €31,065 | €23,640 | €27,682 | €26,641 | €27,015 | ▲ 1.4% |
| Other operating charges640/8 | - | - | €1,955 | €25,461 | €2,167 | €3,284 | €2,971 | ▼ 9.5% |
| Non-recurring operating charges66A | - | - | €486 | €1,800 | €0 | - | - | - |
| Gross operating margin9900 | €69,105 | €102,614 | €120,475 | €144,964 | €215,610 | €186,095 | €227,887 | ▲ 22.5% |
| Operating profit (loss)9901 | €53,991 | €69,267 | €86,969 | €94,063 | €185,762 | €156,170 | €197,900 | ▲ 26.7% |
| Financial income75/76B | - | - | €0 | €9 | €10,790 | €7,088 | €11,912 | ▲ 68.0% |
| Recurring financial income75 | €0 | €26 | €0 | €9 | €10,790 | €7,088 | €11,912 | ▲ 68.0% |
| Financial charges65/66B | - | - | €2,323 | €1,813 | €1,233 | €719 | €7,404 | ▲ 929% |
| Recurring financial charges65 | €1,140 | €1,296 | €2,323 | €1,813 | €1,233 | €719 | €7,404 | ▲ 929% |
| Profit (loss) for the period before taxes9903 | €52,851 | €67,997 | €84,645 | €92,259 | €195,319 | €162,539 | €202,408 | ▲ 24.5% |
| Income taxes67/77 | €17,282 | €19,800 | €21,725 | €22,579 | €50,359 | €40,899 | €51,034 | ▲ 24.8% |
| Profit (loss) for the period9904 | €35,569 | €48,196 | €62,920 | €69,680 | €144,960 | €121,640 | €151,374 | ▲ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €35,569 | €48,196 | €62,920 | €69,680 | €144,960 | €121,640 | €151,374 | ▲ 24.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €92,412 | €227,984 | €311,523 | €347,852 | €531,510 | €595,320 | €515,496 | ▼ 13.4% |
| Fixed assets21/28 | €48,801 | €150,160 | €214,474 | €172,747 | €152,911 | €131,427 | €104,412 | ▼ 20.6% |
| Intangible fixed assets21 | €1 | €1 | €1 | €1 | €1 | €0 | €0 | ▼ 25.0% |
| Tangible fixed assets22/27 | €48,801 | €150,159 | €214,473 | €172,746 | €152,910 | €131,427 | €104,412 | ▼ 20.6% |
| Land and buildings22 | - | - | €8,098 | €8,771 | €14,353 | €13,542 | €12,732 | ▼ 6.0% |
| Plant, machinery and equipment23 | - | - | €8,308 | €8,354 | €5,976 | €5,318 | €4,832 | ▼ 9.1% |
| Furniture and vehicles24 | - | - | €101,992 | €66,409 | €50,231 | €37,079 | €18,223 | ▼ 50.9% |
| Leasing and similar rights25 | - | - | €96,075 | €89,213 | €82,350 | €75,488 | €68,625 | ▼ 9.1% |
| Current assets29/58 | €43,611 | €77,824 | €97,049 | €175,105 | €378,600 | €463,892 | €411,084 | ▼ 11.4% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €227,528 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | - | - | €227,528 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €5,795 | €13,345 | €47,890 | €77,713 | €333,046 | €30,358 | €112,580 | ▲ 271% |
| Trade receivables40 | - | - | €11,272 | €26,286 | €1,834 | €7,151 | €4,851 | ▼ 32.2% |
| Other amounts receivable41 | - | - | €36,618 | €51,427 | €331,213 | €23,207 | €107,729 | ▲ 364% |
| Cash at bank and in hand54/58 | €34,457 | €61,061 | €47,050 | €95,190 | €43,078 | €204,241 | €298,188 | ▲ 46.0% |
| Deferred charges and accrued income490/1 | - | - | €2,109 | €2,203 | €2,475 | €1,766 | €316 | ▼ 82.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €92,412 | €227,984 | €311,523 | €347,852 | €531,510 | €595,320 | €515,496 | ▼ 13.4% |
| Equity10/15 | €38,569 | €86,765 | €149,685 | €219,365 | €264,325 | €85,966 | €237,339 | ▲ 176% |
| Contributions10/11 | - | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €35,569 | €83,765 | €146,685 | €216,365 | €261,325 | €82,966 | €234,339 | ▲ 182% |
| Distributable reserves133 | - | - | €146,685 | €216,365 | €261,325 | €82,966 | €234,339 | ▲ 182% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €53,843 | €141,219 | €161,838 | €128,487 | €267,185 | €509,354 | €278,157 | ▼ 45.4% |
| Amounts payable after more than one year17 | - | €79,895 | €87,845 | €51,490 | €194,610 | €175,446 | €200,156 | ▲ 14.1% |
| Financial debts170/4 | - | - | €87,845 | €51,490 | €14,610 | €0 | €200,156 | - |
| Other amounts payable178/9 | - | - | - | - | €180,000 | €175,446 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €53,843 | €61,193 | €73,889 | €76,897 | €72,528 | €333,890 | €77,334 | ▼ 76.8% |
| Current portion of amounts payable after more than one year42 | - | - | €43,433 | €36,355 | €36,880 | €14,610 | €57,705 | ▲ 295% |
| Financial debts43 | - | - | €1,670 | €1,698 | €1,727 | €1,757 | €4,730 | ▲ 169% |
| Credit institutions430/8 | - | - | €1,670 | €1,698 | €1,727 | €1,757 | €4,730 | ▲ 169% |
| Trade debts44 | €3,017 | €4,203 | €6,824 | €11,951 | €6,564 | €11,230 | €6,116 | ▼ 45.5% |
| Suppliers440/4 | - | - | €6,824 | €11,951 | €6,564 | €11,230 | €6,116 | ▼ 45.5% |
| Taxes, remuneration and social security45 | - | - | €21,963 | €26,894 | €15,361 | €2,772 | €5,263 | ▲ 89.8% |
| Taxes450/3 | - | - | €21,963 | €26,894 | €15,361 | €2,772 | €5,263 | ▲ 89.8% |
| Other amounts payable47/48 | - | - | - | - | €11,996 | €303,521 | €3,521 | ▼ 98.8% |
| Accrued charges and deferred income492/3 | - | - | €104 | €100 | €47 | €17 | €667 | ▲ 38× |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,569 | €48,196 | €62,920 | €69,680 | €144,960 | €121,640 | €151,374 | ▲ 24.4% |
| + Depreciation and write-downs630 | €12,244 | €19,545 | €31,065 | €23,640 | €27,682 | €26,641 | €27,015 | ▲ 1.4% |
| Operating cash flow (approximation) | €47,813 | €67,742 | €93,986 | €93,320 | €172,642 | €148,281 | €178,389 | ▲ 20.3% |
| Investment in fixed assets (approximation) | - | -€120,904 | -€95,379 | €18,087 | -€7,845 | -€5,158 | €0 | - |
| Change in cash | - | €26,603 | -€14,011 | €48,140 | -€52,112 | €161,163 | €93,947 | ▼ 41.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,782 companies had the same profile as Groepspraktijk Eclips has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.7%
was still going
2.7%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of Groepspraktijk Eclips itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,782 companies, not a prediction for Groepspraktijk Eclips. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 26-06-2026 | 2026-00235853 | |
| 31-03-2025 | abbreviated format | 17-06-2025 | 2025-00150020 | |
| 31-03-2024 | abbreviated format | 28-10-2024 | 2024-00520623 | |
| 31-03-2023 | abbreviated format | 04-10-2023 | 2023-00475520 | |
| 31-03-2022 | abbreviated format | 12-10-2022 | 2022-20459454 | |
| 31-03-2021 | abbreviated format | 30-09-2021 | 2021-70500549 | |
| 31-03-2020 | abbreviated format | 29-10-2020 | 2020-65300469 |