What does ELLIPSE PROJECTS Belgium do?

ELLIPSE PROJECTS Belgium is an IT company in Brussel. Public Limited, started on 4 November 2016, 1 establishment.

What is the address of ELLIPSE PROJECTS Belgium?

The registered office of ELLIPSE PROJECTS Belgium is located at Kunstlaan 44, 1040 Brussel.

Is ELLIPSE PROJECTS Belgium still active?

Yes. According to the CBE (30 October 2026) ELLIPSE PROJECTS Belgium is active, legal situation “Normale toestand”, started on 4 November 2016.

Is ELLIPSE PROJECTS Belgium registered on Peppol?

Yes, ELLIPSE PROJECTS Belgium is registered on the Peppol network with ID 0208:0665728024.

What is the enterprise number of ELLIPSE PROJECTS Belgium?

The enterprise number of ELLIPSE PROJECTS Belgium is BE0665728024.

When was ELLIPSE PROJECTS Belgium founded?

ELLIPSE PROJECTS Belgium was founded on 4 November 2016.

Who are the directors of ELLIPSE PROJECTS Belgium?

According to the 2025 annual accounts, the directors of ELLIPSE PROJECTS Belgium are: Frank SIMONET, Olivier PICARD.

Is ELLIPSE PROJECTS Belgium a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 4 November 2016; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did ELLIPSE PROJECTS Belgium make in 2025?

ELLIPSE PROJECTS Belgium posted a profit after taxes of € 289,229 in financial year 2025.

What is the revenue of ELLIPSE PROJECTS Belgium?

As a small company, ELLIPSE PROJECTS Belgium is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 951,496.

How much does an employee at ELLIPSE PROJECTS Belgium earn?

The average wage cost per full-time employee at ELLIPSE PROJECTS Belgium was € 481,300 in 2025: staff costs of € 481,310 for 1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ELLIPSE PROJECTS Belgium have?

According to the 2025 annual accounts, ELLIPSE PROJECTS Belgium has 1 full-time equivalents (FTE).

ELLIPSE PROJECTS Belgium (Public Limited) - Brussel

Dossier ELLIPSE PROJECTS Belgium, printed on 30 October 2026 from databakkes.be/en/0665728024/ellipse-projects-belgium. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Figures corrected NBB

Corrected annual account filed for 2025.
Busy address KBO

12 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

ELLIPSE PROJECTS Belgium from Brussel, company number BE0665728024, closed financial year 2025 with a result of € 289,229 after tax. For that financial year ELLIPSE PROJECTS Belgium recorded a gross margin of € 951,496 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 902,335 to € 289,229. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2026.

What it is worth Growing

€ 1.4 million

▲ 26% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 289,229

▼ 68% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 3.3 million

▲ € 2.5 million vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.3 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 481,310

▲ 82% vs 2024

€ 481,300 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.

Vehicles and equipment

€ 138,520

▼ 31% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 16.6 million

▲ 288% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 394,803

▼ 33% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -19,952 Gross margin 2022: € -19,952 First fiscal year in the series	€ 17,343 Gross margin 2023: € 17,343 ▲ € 37,295 vs 2022 (€ -19,952) Favourable step	€ 1,229,162 Gross margin 2024: € 1,229,162 ▲ € 1.2 million vs 2023 (€ 17,343) Favourable step	€ 951,496 Gross margin 2025: € 951,496 ▼ 23% vs 2024 (€ 1,229,162) Unfavourable step	▼ 23%
Profit after taxes	€ -22,039 Profit after taxes 2022: € -22,039 First fiscal year in the series	€ 180,822 Profit after taxes 2023: € 180,822 ▲ € 202,861 vs 2022 (€ -22,039) Favourable step	€ 902,335 Profit after taxes 2024: € 902,335 ▲ € 721,513 vs 2023 (€ 180,822) Favourable step	€ 289,229 Profit after taxes 2025: € 289,229 ▼ 68% vs 2024 (€ 902,335) Unfavourable step	▼ 68%
Equity	€ 11,428 Equity 2022: € 11,428 First fiscal year in the series	€ 192,250 Equity 2023: € 192,250 ▲ € 180,822 vs 2022 (€ 11,428) Favourable step	€ 1,094,585 Equity 2024: € 1,094,585 ▲ € 902,335 vs 2023 (€ 192,250) Favourable step	€ 1,383,814 Equity 2025: € 1,383,814 ▲ 26% vs 2024 (€ 1,094,585) Favourable step	▲ 26%
Total debts	€ 52,511 Total debts 2022: € 52,511 First fiscal year in the series	€ 20,398,344 Total debts 2023: € 20,398,344 ▲ € 20.3 million vs 2022 (€ 52,511) Unfavourable step	€ 18,953,122 Total debts 2024: € 18,953,122 ▼ 7% vs 2023 (€ 20,398,344) Favourable step	€ 22,201,464 Total debts 2025: € 22,201,464 ▲ 17% vs 2024 (€ 18,953,122) Unfavourable step	▲ 17%
Cash	€ 23,246 Cash 2022: € 23,246 First fiscal year in the series	€ 1,098,757 Cash 2023: € 1,098,757 ▲ € 1.1 million vs 2022 (€ 23,246) Favourable step	€ 804,156 Cash 2024: € 804,156 ▼ 27% vs 2023 (€ 1,098,757) Unfavourable step	€ 3,339,976 Cash 2025: € 3,339,976 ▲ € 2.5 million vs 2024 (€ 804,156) Favourable step	▲ € 2.5 million
Retained profit	€ -50,072 Retained profit 2022: € -50,072 First fiscal year in the series	€ 130,750 Retained profit 2023: € 130,750 ▲ € 180,822 vs 2022 (€ -50,072) Favourable step	€ 1,033,085 Retained profit 2024: € 1,033,085 ▲ € 902,335 vs 2023 (€ 130,750) Favourable step	€ 1,322,314 Retained profit 2025: € 1,322,314 ▲ 28% vs 2024 (€ 1,033,085) Favourable step	▲ 28%
Balance sheet total	€ 63,939 Balance sheet total 2022: € 63,939 First fiscal year in the series	€ 20,590,594 Balance sheet total 2023: € 20,590,594 ▲ € 20.5 million vs 2022 (€ 63,939) Unchanged	€ 20,048,356 Balance sheet total 2024: € 20,048,356 ▼ 3% vs 2023 (€ 20,590,594) Unchanged	€ 23,590,648 Balance sheet total 2025: € 23,590,648 ▲ 18% vs 2024 (€ 20,048,356) Unchanged	▲ 18%
Employees (FTE)	-	-	-	1 Employees (FTE) 2025: 1 First fiscal year in the series

Key figures of ELLIPSE PROJECTS Belgium, 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 ELLIPSE PROJECTS Belgium?

What happened at ELLIPSE PROJECTS Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Olivier PICARD stepped down as director. NBB
2029 Frank SIMONET stepped down as director. NBB
Oct 1, 2026 Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
2023 Olivier PICARD became a director. NBB
2023 Frank SIMONET became a director. NBB
Nov 7, 2016 New establishment in Brussel. KBO
Nov 4, 2016 Start of the company according to the CBE. KBO

In short

From € 22,039 loss in 2022 to € 289,229 profit in 2025.

Paid € 468,496 in corporate taxes since 2022.

Best year ever: 2024, with € 902,335 profit.

On average € 951,500 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

ELLIPSE PROJECTS 100%

OLIVIER PICARD 0%

ELLIPSE PROJECTS Belgium

The shares are held by ELLIPSE PROJECTS (100%) and OLIVIER PICARD (0%).

Directors

According to the 2025 annual accounts

Frank SIMONET

Director

since 2023 · until 2029

Olivier PICARD

Director

since 2023 · until 2029

Shareholders

ELLIPSE PROJECTS

100%

OLIVIER PICARD

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kunstlaan 44

1040 Brussel

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.

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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0665.728.024

VAT number

BE 0665.728.024

Registered office

Kunstlaan 44, 1040 Brussel

Names & denominations

ELLIPSE PROJECTS Belgium

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

4 November 2016

Peppol

Active · Active since 20 Nov 2020

Activities · NACE

Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten

Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Overige technische testen en toetsen

View on CBE Public ↗ Annual accounts (NBB) ↗

ELLIPSE PROJECTS Belgium

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Financials

What happened to ELLIPSE PROJECTS Belgium?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions