ELIPSE, RESEAU HOSPITALIER UNIVERSITAIRE
ActiveELIPSE, RESEAU HOSPITALIER UNIVERSITAIRE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €-28. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 8601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-10
Solvency36▲+1
Growth52▼-33
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.7%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8601 sector peers (2025).
NBB · sector comparisonPosition among 8601 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 d early
2024
49 d early
2023
27 d early
2022
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€4k▼ 98.2%
2024 · €196k
2023: €11k
2024: €196k
2023 → 2025
EBIT margin
7.0%▼ 0.9pp
2024 · 7.9%
2023: -42.4%
2024: 7.9%
2023 → 2025
Net result
€-28
2024 · €15k
2022: €-11k
2023: €-5k
2024: €15k
2022 → 2025
Working capital
€20k▲ 1.8%
2024 · €19k
2022: €9k
2023: €4k
2024: €19k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€11k€196k▲ 1,751%€4k▼ 98.2%
Equity€9k-€5k▼ 50.2%€20k▲ 326%€20k▼ 0.1%
Operating result€-11k-€-4k▲ 57.5%€16k€256▼ 98.4%
Net result€-11k-€-5k▲ 55.6%€15k€-28
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 98% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €187k
Equity
€20k▼ 0.1%
Debt
€167k▼ 9.9%
The debt ratio falls from 90.3% to 89.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€630▼
2024 · €16k
Cash flow
€346▼
2024 · €16k
Solvency
10.7%▲
2024 · 9.7%
Current ratio
1.12▲
2024 · 1.10
Quick ratio
1.12▲
2024 · 1.10
Debt / equity
8.39▼
2024 · 9.30
ROE
-0.1%▼
2024 · 76.5%
ROA
0.0%▼
2024 · 7.4%
Interest coverage
3.06▼
2024 · 77.23
Debt
€167k▼
2024 · €185k
Debt ≤ 1 year
€167k▼
2024 · €185k
Income taxes
€78▼
2024 · €89
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€205k€187k▼
Formation expenses20€623€249▼
Current assets29/58€204k€186k▼
Amounts receivable within one year40/41€152k€120k▼
Trade receivables40€37k€5k▼
Other amounts receivable41€115k€115k=
Cash at bank and in hand54/58€53k€66k▲
Equity and liabilities
Total equity and liabilities10/49€205k€187k▼
Equity10/15€20k€20k▼
Contributions10/11€20k€20k=
Capital10-€20k
Issued capital100-€20k
Profit (loss) carried forward14€-89€-117▼
Amounts payable17/49€185k€167k▼
Amounts payable within one year42/48€185k€167k▼
Trade debts44€185k€167k▼
Suppliers440/4€185k€167k▼
Taxes, remuneration and social security45€89€167▲
Taxes450/3€89€167▲
Income statement
Code20242025
Turnover70€196k€4k▼
Non-recurring operating income76A-€50
Goods, raw materials, services and sundry goods60/61€180k€103k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€374€374=
Other operating charges640/8€220€440▲
Gross operating margin9900€16k€1k▼
Operating profit (loss)9901€16k€256▼
Financial charges65/66B€206€206=
Recurring financial charges65€206€206=
Profit (loss) for the period before taxes9903€15k€50▼
Income taxes67/77€89€78▼
Profit (loss) for the period9904€15k€-28▼
Profit (loss) for the period to be appropriated9905€15k€-28▼
Appropriation of the result
Profit (loss) to be appropriated9906€-89€-117▼
Profit (loss) brought forward from the previous period14P€-15k€-89▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
03-06-2025
Audrey NEUPREZ: Resigned as Director
03-06-2025
FERNANDEZ Miguel: Resigned as Director
03-06-2025
Jean-Pierre HUPKENS: Resigned as Director
03-06-2025
Viviane Lambert: Resigned as Director
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bld du Douzième-de-Ligne 14000 Liège1 establishment unit
ELIPSE, RESEAU HOSPITALIER UNIVERSITAIRE
since 20212.328.928.032
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The Norseman
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Of 5,694 companies in sector 70100 we hold annual accounts for 3,489. 1,574 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded25-08-2021
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.