Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2025.
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Busy address KBO
11 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.
€ 1.4 million
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 289,229
▼ 68% vs 2024
Profit after tax over the fiscal year.
€ 3.3 million
▲ € 2.5 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.3 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 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.
€ 138,520
▼ 31% 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.
€ 16.6 million
▲ 288% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 394,803
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -19,952 | € 17,343 | € 1,229,162 | € 951,496 | ▼ 23% |
| Profit after taxes | € -22,039 | € 180,822 | € 902,335 | € 289,229 | ▼ 68% |
| Equity | € 11,428 | € 192,250 | € 1,094,585 | € 1,383,814 | ▲ 26% |
| Total debts | € 52,511 | € 20,398,344 | € 18,953,122 | € 22,201,464 | ▲ 17% |
| Cash | € 23,246 | € 1,098,757 | € 804,156 | € 3,339,976 | ▲ € 2.5 million |
| Retained profit | € -50,072 | € 130,750 | € 1,033,085 | € 1,322,314 | ▲ 28% |
| Balance sheet total | € 63,939 | € 20,590,594 | € 20,048,356 | € 23,590,648 | ▲ 18% |
| Employees (FTE) | - | - | - | 1 |
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:
- Olivier PICARD stepped down as director. NBB
- Frank SIMONET stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Olivier PICARD became a director. NBB
- Frank SIMONET became a director. NBB
- New establishment in Brussel. KBO
- 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.
A new publication or filing at ELLIPSE PROJECTS Belgium? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
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
100%
OLIVIER PICARD
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kunstlaan 44
1040 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →Global Cyber Alliance Belgium
2ememain Belgium
€ 2.5 million gross margin · 2025
European Alliance for Plant-based Foods
€ -28,030 gross margin · 2025
METHANOL INSTITUTE
€ 291,246 gross margin · 2025
TikTok Technologies Belgium
€ 3.5 million gross margin · 2025
+6 more
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
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