Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 24.3 to 18.5.
Financials
Financial year 2025
ELIPSE from Schoten, company number BE0440766119, closed financial year 2025 with a result of € 4.5 million after tax. For that financial year ELIPSE recorded a gross margin of € 9.3 million and equity of € 2.4 million. Compared with financial year 2024, the result moved from € 5.8 million to € 4.5 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 2.4 million
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.5 million
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 2 million
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4 million paid out
89 % of the profit went to the shareholders, mostly to Zenian (100 % of the shares). That is where the money ends up.
People and assets in 2025
18.5
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▲ 6% vs 2024
€ 154,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 244,611
▲ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.7 million
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 652,381
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 8,540,693 | € 9,600,118 | € 10,701,558 | € 9,298,555 | ▼ 13% |
| Profit after taxes | € 4,594,247 | € 4,888,952 | € 5,798,411 | € 4,496,822 | ▼ 22% |
| Equity | € 1,354,011 | € 6,242,963 | € 1,866,611 | € 2,363,433 | ▲ 27% |
| Total debts | € 13,186,711 | € 9,653,056 | € 8,406,029 | € 7,801,985 | ▼ 7% |
| Cash | € 5,686,424 | € 7,173,660 | € 2,272,956 | € 1,971,614 | ▼ 13% |
| Land & buildings | € 407,319 | € 362,553 | € 317,787 | € 273,021 | ▼ 14% |
| Retained profit | € 1,292,011 | € 6,180,963 | € 1,804,611 | € 2,301,433 | ▲ 28% |
| Dividend | € 7,278,397 | € 0 | € 10,174,763 | € 4,000,000 | ▼ 61% |
| Balance sheet total | € 14,540,722 | € 15,896,019 | € 10,272,640 | € 10,165,418 | ▼ 1% |
| Employees (FTE) | 23.4 | 24.3 | 20 | 18.5 | ▼ 1.5 |
Key figures of ELIPSE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ELIPSE?
What happened at ELIPSE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4.5 million (▼ 22% vs 2024). Source: NBB ↗
- Catherine Van Passel became a director. NBB
- Zenian became a director. NBB
- New establishment in Schoten. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.6 million profit in 2022 to € 4.5 million profit in 2025.
Paid € 6.7 million in corporate taxes since 2022.
Best year ever: 2024, with € 5.8 million profit.
On average € 502,600 of value added per employee in 2025.
Management
Behind ELIPSE are Catherine Van Passel and Zenian. The shares are held by Zenian (99.9%) and Evert Gys (0.1%).
Directors
According to the 2025 annual accounts
Catherine Van Passel
Administrator-manager
Owns 12.5% via Zenian
since 2023
Administrator-manager · represented by Evert Gys
since 2023
Shareholders
Zenian · holding of Catherine Van Passel
99.9%
Evert Gys
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wijtschotbaan 5
2900 Schoten
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE - Google LLC, US
Domain
Domain
elipse.eu
Registrar
Combell NV
Website info
Features
Security
Details
- Company number
- 0440.766.119
- VAT number
- BE 0440.766.119
- Registered office
- Wijtschotbaan 5, 2900 Schoten
- Names & denominations
- ELIPSE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 1990
- Peppol
- Active · Active since 24 Nov 2025
- Contact
- elipse.eu
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Groothandel in elektrisch materiaal inclusief installatiemateriaal