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ELICIO BASTOGNE

Active Public limited companyfounded 2007active for 19 yearsBoulevard Piercot 46, 4000 LiègeKBO/BCE: BE 0890.159.102 subsidiary of ELICIO#4 oldest company in Liège, Energy sector
Part of the group ENODIA 44 companies in 6 countries
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Lifetime

19 annual accounts with figures on one time axis
peak €2.0m (2022)
€495,424▲ 33.8%
lowest -€1.1m (2010)
€347,955▲ 29.2%
peak €622,568 (2019)
€572,852▲ 3.6%
€443,886▼ 7.4%
Board22 names since 2011all names
5 directorsSogeparlux SA and 4 others
Owners6 names in the annual accounts
60%ELICIO and 2 others
Documentsfilings and deeds
15-06-202646 days before the deadline
2025financial year
Gross margin from €370,173 to €495,424Result from €269,274 to €347,955Permanent representatives: Peter Goderis and Alain Janssens 16-04Dividend €328,000Cash from €139,842 to €192,663

Key points

from the 2025 annual accounts

Equity

€572,852 ▲ 3.6%
552,8982024+347,955Profit-328,000Dividend572,8522025

ELICIO BASTOGNE paid out €328,000 in dividends. That is 94% of the 2025 profit.

Turnover

≈ €1.2m estimated

The accounts state no turnover.

Filings

19 annual accounts since 2007
AprilJune31 JulyOctober2010201520202025

The last five annual accounts were filed 46 to 65 days before the end of the period.

Checked score

96
Excellent
Financially stronger than 65% of micro companies in electricity, gas and steam (NACE 35)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 542 companies (NACE 35, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026highest value 06-2026: < 0.1%▼ -0.2 percentage points vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.2%▲ +0.1 percentage points vs 08-2026 10-2026: < 0.1%▼ -0.2 percentage points vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

73+2equity 48.2% of total assets
53+6short-term debt 37.2% · cash 16.2%
100+6return on assets 29.3%

Score breakdown

lowers risk
Size: total assets €1.2m
Figures for financial year 2025 (filed on 15-06-2026)
Liquidity: current ratio 2.69, cash €192,663
Founded in 2007
Calculation

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 35, micro). It does better than 56% of them on solvency, 48% on liquidity, 96% on profitability and 60% on growth.

The bankruptcy probability was computed on 07-11-2026 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 very low class on 30-06-2025, 0.1% 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).

Comparable companies, two years later

In July 2024, 17,811 companies had the same profile as ELICIO BASTOGNE has now. Each dot stands for 45 companies, two years later.

96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of ELICIO BASTOGNE itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,811 companies, not a prediction for ELICIO BASTOGNE. 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.

Credit verdict

Credit of up to €50,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.69 (2.59 in 2024), above the usual 1.5. Short-term debt is 37.2% and cash 16.2% of total assets. However, 51.8% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Size: total assets €1.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 15-06-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.69, cash €192,663
NBB · annual accounts
lowers risk · Founded in 2007
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 days early
2024
55 days early
2023
65 days early
2022
53 days early
2021
52 days early
2020
50 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 50 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

ES
Director, Alain Janssens
SS
Director, Michel Mullens
SS
Sogeparlux SA
Director, Fabian Collard
AT
Director, since 25-05-2020
VV
Director, since 12-10-2024
EE
Auditor, Brecht Deketele
Board & ownership

Recent changes

Permanent representatives: Denis Collard and Michel Mullens Board meeting of 22-12-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0890159102
Permanent representatives: Peter Goderis and Alain Janssens Board meeting of 27-03-2025 · Gazette deed
1 director appointed, 1 resignation Resignation: Frederic Teerlynck · Appointment: Vanessa Vanleene · Permanent representatives: Alain Janssens, Fabian Collard and Michel Mullens · General meeting of 27-09-2024 · Gazette deed
All 55 events

Comparable companies

same main activity, similar in size and age
Company
ELICIO BASTOGNE Liège €1.2m €495,424 48.2% -
Goliath Power Turnhout €1.0m €359,984 9.5% -
EUROSUN GEEL Turnhout €1.3m €403,548 11.9% -
SUNPACK Aalst €1.2m €808,927 78.9% -
VCENERGY Deinze €0.8m €351,073 -855.1% 0
Ed. Proj. Rho. Heusden-Zolder €1.3m €284,178 25.2% -
7energy Roeselare €1.7m €342,147 36.8% -

These companies have the same main activity as ELICIO BASTOGNE: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €779,000 and €1.7m, founded between 2007 and 2009.

Official details

Source: KBO
Status
Active since 22-05-2007Normal situation
Registered office
10 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
Activity
Production of electricity from non-renewable sourcesNACE 35110
Establishment unit
2.163.421.3854000 Liège, since 25-06-2007
Financial year end
31 December
Peppol
Reachable since 09-12-2025
Company details

Annual accounts 2025

€1.2m▼ 0.8%
Filing
Filed on 15-06-2026, 46 days before the end of the filing period
Financials

Companies linked to ELICIO BASTOGNE

Insights on ELICIO BASTOGNE

ELICIO BASTOGNE has existed since 2007. The gross margin fell from €1.9m in 2023 to €370,173 in 2024.

ELICIO holds 60% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about ELICIO BASTOGNE

What is the company number of ELICIO BASTOGNE?
The company number of ELICIO BASTOGNE is 0890.159.102. The VAT number is the same number with BE in front: BE 0890.159.102.
Where is ELICIO BASTOGNE based?
The registered office is at Boulevard Piercot 46, 4000 Liège.Company details
What does ELICIO BASTOGNE do?
According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
What is the legal form of ELICIO BASTOGNE?
ELICIO BASTOGNE is a public limited company (NV).
When was ELICIO BASTOGNE founded?
ELICIO BASTOGNE was founded on 22-05-2007.
Is ELICIO BASTOGNE still active?
Yes, ELICIO BASTOGNE is an active enterprise in the KBO register.
What is the turnover of ELICIO BASTOGNE?
The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €495,424 and 2,275 comparable companies of the same size. It probably lies between €700,000 and €2.0m. It is a rough estimate.Financials
Is ELICIO BASTOGNE profitable?
In financial year 2025, ELICIO BASTOGNE made a profit of €347,955.
Where can I find the annual accounts of ELICIO BASTOGNE?
ELICIO BASTOGNE filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ELICIO BASTOGNE due?
ELICIO BASTOGNE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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