Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €6,914 falls due within a year.
Short-term debts fell from €15,414 to €6,914.
The 2018 accounts came 29 days late. The other seven were filed on time.
Less equity than 91% of companies in specialised construction. Sector median €57,691 · 35,148 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 8 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 43, micro). It does better than 7% of them on solvency, 73% on liquidity, 68% on profitability and 88% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,180 companies had the same profile as THE ECLIPSE has now. Each dot stands for 6 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of THE ECLIPSE itself is lower: 0.8% within 12 months. It rests on far more data about THE ECLIPSE than the profile alone.
The method was tested on the 497,448 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 2,180 companies, not a prediction for THE ECLIPSE. 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 ample, with a current ratio of 5.64 (1.94 in 2024), above the usual 1.5. Short-term debt is 8.3% and cash 19.5% of total assets. However, equity is negative.
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 7 accounts on average 33 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| THE ECLIPSE Hasselt | - | - | -4.4% | - |
| Grohe Granits Binche | - | - | 1.9% | - |
| VALY CARRO Anderlecht | €343,510 | 2.3% | 49.6% | - |
| ATU CONSTRUCT Koekelberg | - | - | 63.1% | - |
| CKM Overijse | - | - | 75.8% | - |
| AS MIHALI Anderlecht | €465,909 | 1.7% | 50.1% | - |
| AMBI-BAT Theux | - | - | 24.7% | - |
These companies have the same main activity as THE ECLIPSE: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €78,700 and €85,400, founded between 2017 and 2018.
THE ECLIPSE files the micro format. That format states no turnover. The gross margin rose from -€6,425 in 2018 to €23,199 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 ≈ €310,000. Estimated: probably between €170,000 and €590,000.
Higher than 9% of 35,136 companies in 2025.
Higher than 87% of 34,510 companies in 2025.
Higher than 64% of 34,711 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
83,236 | 81,278 | 86,960 | 40,556 | 48,261 | 52,722 | 57,631 | 36,414 | |
20 |
- | - | - | - | 486 | 973 | 1,459 | 1,945 | |
21/28 |
44,255 | 51,307 | 61,070 | 10,511 | 18,221 | 23,554 | 28,699 | 26,909 | |
21 |
- | - | - | - | 972 | 1,944 | 2,917 | 3,889 | |
22/27 |
44,255 | 51,307 | 61,070 | 10,511 | 17,249 | 21,610 | 25,782 | 23,020 | |
23 |
8,555 | 8,365 | 10,285 | 10,511 | 17,249 | 21,610 | 25,782 | 23,020 | |
24 |
35,700 | 42,942 | 50,786 | - | - | - | - | - | |
29/58 |
38,981 | 29,971 | 25,890 | 30,045 | 29,553 | 28,196 | 27,473 | 7,560 | |
3 |
19,206 | 17,702 | 19,156 | 14,662 | 9,806 | 6,656 | - | - | |
30/36 |
19,206 | 17,702 | 19,156 | 14,662 | 9,806 | 6,656 | - | - | |
40/41 |
3,545 | 2,895 | 5,248 | 4,286 | 5,448 | 4,048 | 2,374 | 3,036 | |
40 |
3,545 | 2,895 | 1,670 | 4,208 | 5,448 | 3,201 | 2,360 | 1,936 | |
41 |
- | - | 3,578 | 77 | - | 847 | 15 | 1,100 | |
50/53 |
6 | 6 | 5 | 10,000 | 10,000 | 15,000 | 20,000 | 1,000 | |
54/58 |
16,224 | 9,368 | 1,480 | 1,097 | 4,299 | 2,492 | 5,098 | 3,523 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
83,236 | 81,278 | 86,960 | 40,556 | 48,261 | 52,722 | 57,631 | 36,414 | |
10/15 |
-3,678 | -14,136 | -3,619 | 8,107 | 16,391 | 17,962 | 18,381 | 4,843 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
14 |
-22,278 | -32,736 | -22,219 | -10,493 | -2,209 | -638 | -219 | -13,757 | |
17/49 |
86,914 | 95,414 | 90,579 | 32,449 | 31,870 | 34,760 | 39,250 | 31,571 | |
17 |
80,000 | 80,000 | 81,602 | 22,883 | 24,152 | 25,407 | 26,343 | 28,793 | |
170/4 |
- | - | 1,602 | 2,883 | 4,152 | 5,407 | 6,343 | 8,793 | |
178/9 |
80,000 | 80,000 | 80,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
42/48 |
6,914 | 15,414 | 8,179 | 8,996 | 7,718 | 9,353 | 12,907 | 2,777 | |
42 |
- | 1,602 | 1,281 | 1,269 | 1,256 | 1,243 | 1,231 | - | |
44 |
623 | 2,213 | 1,400 | 3,061 | 696 | 2,689 | 1,646 | 1,185 | |
440/4 |
623 | 2,213 | 1,400 | 3,061 | 696 | 2,689 | 1,646 | 1,185 | |
46 |
- | - | - | 1,125 | - | - | - | - | |
45 |
3,498 | 826 | 523 | 244 | 2,339 | 305 | - | - | |
450/3 |
3,498 | 826 | 523 | 244 | 2,339 | 305 | - | - | |
47/48 |
2,793 | 10,773 | 4,975 | 3,298 | 3,428 | 5,116 | 10,030 | 1,592 | |
492/3 |
- | - | 798 | 570 | - | - | - | - | |
| Income statement | |||||||||
9900 |
23,199 | 1,980 | 574 | 4,855 | 8,897 | 11,907 | 24,339 | -6,425 | |
630 |
11,635 | 11,364 | 9,146 | 11,266 | 10,299 | 9,814 | 9,493 | 7,213 | |
640/8 |
452 | 446 | 1,659 | 201 | 145 | 115 | 1,254 | 137 | |
9901 |
11,112 | -9,830 | -10,231 | -6,612 | -1,548 | 1,978 | 13,591 | -13,775 | |
75/76B |
8 | 11 | 27 | 113 | 94 | 175 | 31 | 149 | |
75 |
8 | 11 | 27 | 113 | 94 | 175 | 31 | 149 | |
65/66B |
106 | 126 | 1,338 | 1,785 | 117 | 2,571 | 84 | 131 | |
65 |
106 | 126 | 1,338 | 1,785 | 117 | 2,571 | 84 | 131 | |
9903 |
11,014 | -9,945 | -11,542 | -8,284 | -1,571 | -418 | 13,538 | -13,757 | |
67/77 |
557 | 571 | 184 | - | - | 0 | 0 | 0 | |
9904 |
10,458 | -10,516 | -11,726 | -8,284 | -1,571 | -419 | 13,538 | -13,757 | |
9905 |
10,458 | -10,516 | -11,726 | -8,284 | -1,571 | -419 | 13,538 | -13,757 | |
| Appropriation of the result | |||||||||
9906 |
-22,278 | -32,736 | -22,219 | -10,493 | -2,209 | -638 | -219 | -13,757 | |
14P |
-32,736 | -22,219 | -10,493 | -2,209 | -638 | - | - | - | |
| Document | |||||||||
The notes to these accounts have 7 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 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00212794 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00196201 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00181942 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00159925 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20105643 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-24700244 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-24000262 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56200375 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 22,747 | 1,534 | -1,085 | 4,654 | 8,752 | 11,792 | 23,084 | -6,562 | ||
| 22,092 | 848 | -2,580 | 2,982 | 8,728 | 9,396 | 23,031 | -6,544 | ||
| 4,583 | 1,601 | 59,929 | 3,096 | 4,510 | 4,183 | 11,732 | 33,636 | ||
| 6,856 | 7,888 | 383 | -3,202 | 1,807 | -2,606 | 1,575 | - | ||
| 32,067 | 14,557 | 17,710 | 21,048 | 21,835 | 18,843 | 14,566 | 4,782 | ||
| -4.4% | -17.4% | -4.2% | 20.0% | 34.0% | 34.1% | 31.9% | 13.3% | ||
| 5.64 | 1.94 | 3.17 | 3.34 | 3.83 | 3.01 | 2.13 | 2.72 | ||
| 2.86 | 0.80 | 0.82 | 1.71 | 2.56 | 2.30 | 2.13 | 2.72 | ||
| - | - | - | 4.00 | 1.94 | 1.94 | 2.14 | 6.52 | ||
| - | - | - | -102.2% | -9.6% | -2.3% | 73.7% | -284.1% | ||
| 12.6% | -12.9% | -13.5% | -20.4% | -3.3% | -0.8% | 23.5% | -37.8% | ||
| over 100 | 12.14 | -0.81 | 2.61 | 74.76 | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,583 | €1,601 | €59,929 | €3,096 | €4,510 |
| €11,635 | €11,364 | €9,146 | €11,266 | €10,299 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €11,112, after a loss of €9,830 in 2024. It is the highest result since 2019.
Equity is negative. Debt (€86,914) exceeds the balance-sheet total (€83,236).
THE ECLIPSE has no parent and no holdings in its annual accounts. THE ECLIPSE shares no director with another company.
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
| Establishment | Since | Unit number |
|---|---|---|
| Bekstraat 15 registered office 3500 Hasselt 4399003 Other specialised construction activities | 02-10-2017 | 2.268.481.293 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71052D0241/00F000 | 2,568 m² | 1 · 204 m² | 9.0 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0682.414.202
If something looks wrong or is missing, please tell us.