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ELIA ASSET

Active
Public limited companyfounded 200125 yrs activeKeizerslaan 20, 1000 Brussel, BelgiumKBO/BCE: BE 0475.028.202
Summary

ELIA ASSET has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.73bn and a net result of €140.2m. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 43% of 321 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisWatch ReportCompare
ELIA ASSETActiveChecked score 82/100
Risk analysis ReportCompare

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35130Electricity, gas, steam and air conditioning supply NACE 35120NACE 40120
#3 company by total assets in the Brussels-Capital Region, Energy sector14 sites
Size
€963.7mturnover 2025
Staff
999.9 FTE
Equity
€1.73bn
Profit
€140.2m
Financial health
82 Excellent Checked score 2025
Bankruptcy chance 12 m
0.5%
Structure
Parent
Elia Transmission Belgium · 99.99%
Board
13 members
Holdings
2
Auditor: BDO Bedrijfsrevisoren bvAccounts 1 d early178 of 184 deeds read
Why 82- Liquidity: current ratio 0.24, cash €8.0m- Equity €1.73bn (24.0% of total assets)- 14 establishment units+ Founded in 2001Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Better than 47% of its sector peers (NACE 35, large)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 49-5
equity 24.0% of total assets
Liquidity 46+1
short-term debt 17.0% · cash 0.1%
Profitability 74-1
return on assets 2.0%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (54 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%▼ -3.8% vs 01-2025lowest value 03-2025: 0.3%▲ +2.1% vs 02-2025 04-2025: 0.4%▲ +8.3% vs 03-2025 05-2025: 0.4%▲ +3.3% vs 04-2025 06-2025: 0.4%▲ +3.2% vs 05-2025 07-2025: 0.3%▼ -11.3% vs 06-2025 08-2025: 0.3%● 0.0% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%▼ -3.8% vs 01-2026 03-2026: 0.3%▲ +2.1% vs 02-2026 04-2026: 0.4%▲ +8.2% vs 03-2026 05-2026: 0.4%▲ +3.0% vs 04-2026 06-2026: 0.4%▲ +2.6% vs 05-2026 07-2026: 0.5%▲ +23.9% vs 06-2026highest value 08-2026: 0.5%● 0.0% vs 07-2026highest value 09-2026: 0.5%▼ -0.8% vs 08-2026 10-2026: 0.5%● 0.0% vs 09-2026
  • Liquidity: current ratio 0.24, cash €8.0m raises the probability
  • Founded in 2001 lowers the probability for this profile
  • Equity €1.73bn (24.0% of total assets) raises the probability
  • 14 establishment units raises the probability
Credit up to €96,350,000 at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.21 in 2024; short-term debt: 17% and cash: 0.1% of total assets), and 76% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 35, large). Better than this share of them on solvency 57%, liquidity 23%, profitability 62%, growth against the median 46%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.24, cash €8.0m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2001
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Equity €1.73bn (24.0% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 14 establishment units
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
41 d early
2023
37 d early
2022
47 d early
2021
34 d early
2020
73 d early
2019
48 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 25 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. RestructuringShareholding · Merger · Capital
  2. Annual accounts filedfiscal year 2025 · full…
  3. MiscellaneousPower of attorney · Declaration

Key points

  • Positive: Among the best 5% on net resultsector median €166,546 · 318 companies €140.2m View
  • Positive: 6 years of growth in a rowturnover 2025: €963.7m 6 years View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by Elia Transmission Belgiumknown shareholders 100% 99.99% View
  • EU supportawarded 2024 €1.5m View
  • New directorlatest change 15-05-2026 · 13 in office 1 joined View
  • Positive: Result rose in 2025from €110.2m to €140.2m ▲ 27.2% View

By topic

Financials

Fiscal year
2025
Turnover
€963.7m
Profit
€140.2m
Solvency
24.0%
Turnover▲ 15.5%
Net result
20182025
Go to Financials

Board & ownership

Board
13 members
Parent
Elia Transmission Belgium · 99.99%
Known shareholders
100%
Auditor
BDO Bedrijfsrevisoren bv
Go to Board & ownership

Network & group

Group
Elia Group
Subsidiaries
2
Connected companies
171
Mergers and contributions
1

2 subsidiaries

Go to Network & group

Timeline

Events
107
Since
2004
Next accounts
by 31-07-2027
  1. 04-09-2026Restructuring
  2. 30-07-2026Annual accounts filed
  3. 12-06-2026Miscellaneous
Go to Timeline

Company details

Sites
14
Legal form
Public limited company
Activity
Electricity, gas, steam and air conditioning supplyNACE 35130
Founded
29-06-2001
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
12
Purpose
La production et l'amélioration, le renouvellement, l'entretien, et la gestion des réseaux…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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