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ELICIO

Active
Public limited companyfounded 201412 yrs activeJohn Cordierlaan 9, 8400 Oostende, BelgiumKBO/BCE: BE 0552.775.977

ELICIO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €263.26M and a net result of €65.92M. Equity is growing by ~86.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024
72 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▲+3
Solvency100=
Growth66▲+2
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 4.66 against 2.7 in 2023; short-term debt: 10.7% and cash: 4.8% of total assets), and 11.3% of the assets are financed with debt.
How do we compute the score and the probability?
Credit advice for your own amount and term

Signals

Seven 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 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
88.7%
Return on assets
22.2%
Age of the figures
21 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 12 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-06-2025, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
46 d early
2023
60 d early
2022
48 d early
2021
44 d early
2020
45 d early
2019
on the day
← before the deadline after the 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

Financials · fiscal year 2024, full schema

Turnover
€2.64M▲ 10.4%
2023 · €2.39M
2018: €2.27M 2019: €1.40M 2020: €2.69M 2021: €2.01M 2022: €2.01M 2023: €2.39M
2018 → 2024
EBIT margin
-246.0%▼ 16.8pp
2023 · -229.2%
2018: -198.5% 2019: -322.7% 2020: -147.9% 2021: -305.9% 2022: -224.5% 2023: -229.2%
2018 → 2024
Net result
€65.92M▲ 38.2%
2023 · €47.71M
2018: €1.43M 2019: €2.08M 2020: €-1.85M 2021: €-7.33M 2022: €32.93M 2023: €47.71M
2018 → 2024
Working capital
€116.59M▲ 113%
2023 · €54.79M
2018: €23.01M 2019: €33.60M 2020: €70.23M 2021: €43.05M 2022: €51.32M 2023: €54.79M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€2.69M-€2.01M▼ 25.1%€2.01M▼ 0.4%€2.39M▲ 19.3%€2.64M▲ 10.4%
Equity€49.08M-€41.76M▼ 14.9%€166.78M▲ 299%€227.35M▲ 36.3%€263.26M▲ 15.8%
Operating result€-3.97M-€-6.16M▼ 55.0%€-4.50M▲ 26.9%€-5.48M▼ 21.8%€-6.50M▼ 18.5%
Net result€-1.85M-€-7.33M▼ 296%€32.93M€47.71M▲ 44.9%€65.92M▲ 38.2%
Result per fiscal year
Operating resultNet result
€-20.00M€0€20.00M€40.00M€60.00MOperating result 2020: €-3.97M€-3.97MNet result 2020: €-1.85M€-1.85MOperating result 2021: €-6.16M€-6.16MNet result 2021: €-7.33M€-7.33MOperating result 2022: €-4.50M€-4.50MNet result 2022: €32.93M€32.93MOperating result 2023: €-5.48M€-5.48MNet result 2023: €47.71M€47.71MOperating result 2024: €-6.50M€-6.50MNet result 2024: €65.92M€65.92M20202021202220232024
The operating result stays negative: a loss of €6.50M in 2024 against €5.48M in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €296.76M
Fixed assets €148.32M▼ 14.9%
Current assets €148.44M▲ 70.5%
Equity and liabilities €296.76M
Equity €263.26M▲ 15.8%
Provisions €774k▲ 1.2%
Debt €32.72M▼ 1.3%
The debt ratio falls from 12.7% to 11.0%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€-6.23M▼
2023 · €-5.27M
Cash flow
€66.18M▲
2023 · €47.92M
Solvency
88.7%▲
2023 · 87.0%
Current ratio
4.66▲
2023 · 2.70
Quick ratio
4.66▲
2023 · 2.63
Debt / equity
0.12▼
2023 · 0.15
ROE
25.0%▲
2023 · 21.0%
ROA
22.2%▲
2023 · 18.3%
Interest coverage
-60.95▼
2023 · -16.66
Debt
€32.72M▼
2023 · €33.17M
Debt ≤ 1 year
€31.85M▼
2023 · €32.26M
Debt > 1 year
€425k▼
2023 · €567k
Income taxes
€9k▼
2023 · €14k
Staff costs
€6.68M▲
2023 · €6.63M
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 · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€261.28M€296.76M▲
Fixed assets21/28€174.23M€148.32M▼
Intangible fixed assets21€52k€111k▲
Tangible fixed assets22/27€2.12M€3.47M▲
Land and buildings22€1.70M€3.03M▲
Plant, machinery and equipment23€72k€141k▲
Furniture and vehicles24€121k€275k▲
Other tangible fixed assets26€4k€17k▲
Assets under construction and advance payments27€231k-
Financial fixed assets28€172.06M€144.74M▼
Affiliated companies280/1€171.69M€144.37M▼
Participating interests280€86.53M€88.60M▲
Amounts receivable281€85.16M€55.77M▼
Other financial fixed assets284/8€369k€369k=
Amounts receivable and cash guarantees285/8€369k€369k=
Current assets29/58€87.04M€148.44M▲
Amounts receivable after more than one year29-€72k
Trade receivables290-€72k
Stocks and contracts in progress3€2.28M-
Stocks30/36€2.28M-
Property held for sale35€2.28M-
Amounts receivable within one year40/41€1.52M€2.17M▲
Trade receivables40€1.22M€812k▼
Other amounts receivable41€299k€1.36M▲
Current investments50/53€76.30M€131.43M▲
Other investments51/53€76.30M€131.43M▲
Cash at bank and in hand54/58€6.78M€14.28M▲
Deferred charges and accrued income490/1€162k€491k▲
Equity and liabilities
Total equity and liabilities10/49€261.28M€296.76M▲
Equity10/15€227.35M€263.26M▲
Contributions10/11€191.49M€191.49M=
Capital10€191.49M€191.49M=
Issued capital100€191.49M€191.49M=
Reserves13€4.16M€7.45M▲
Non-distributable reserves130/1€3.80M€7.10M▲
Legal reserve130€3.80M€7.10M▲
Distributable reserves133€356k€356k=
Profit (loss) carried forward14€31.70M€64.32M▲
Provisions and deferred taxes16€765k€774k▲
Provisions for liabilities and charges160/5€765k€774k▲
Pensions and similar obligations160€15k€24k▲
Other liabilities and charges164/5€750k€750k=
Amounts payable17/49€33.17M€32.72M▼
Amounts payable after more than one year17€567k€425k▼
Financial debts170/4€567k€425k▼
Credit institutions173€567k€425k▼
Amounts payable within one year42/48€32.26M€31.85M▼
Current portion of amounts payable after more than one year42€142k€142k=
Trade debts44€796k€452k▼
Suppliers440/4€796k€452k▼
Taxes, remuneration and social security45€1.18M€1.25M▲
Taxes450/3€14k€95k▲
Remuneration and social security454/9€1.16M€1.16M▼
Other amounts payable47/48€30.14M€30.00M▼
Accrued charges and deferred income492/3€342k€445k▲
Income statement Code20232024
Operating income70/76A€7.46M€9.58M▲
Turnover70€2.39M€2.64M▲
Other operating income74€5.07M€6.94M▲
Operating charges60/66A€12.95M€16.08M▲
Goods for resale, raw materials and consumables60€2.15M€4.24M▲
Purchases600/8€4.42M€1.96M▼
Change in stocks: decrease (increase)609€-2.28M€2.28M▲
Services and other goods61€4.44M€4.83M▲
Remuneration, social security and pensions62€6.63M€6.68M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€208k€265k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-558k€9k▲
Other operating charges640/8€60k€46k▼
Non-recurring operating charges66A€18k€2k▼
Operating profit (loss)9901€-5.48M€-6.50M▼
Financial income75/76B€53.63M€73.09M▲
Recurring financial income75€53.63M€73.07M▲
Income from financial fixed assets750€52.43M€69.63M▲
Income from current assets751€953k€3.09M▲
Other financial income752/9€251k€349k▲
Non-recurring financial income76B-€13k
Financial charges65/66B€426k€665k▲
Recurring financial charges65€338k€286k▼
Debt charges650€317k€102k▼
Other financial charges652/9€21k€184k▲
Non-recurring financial charges66B€88k€379k▲
Profit (loss) for the period before taxes9903€47.72M€65.93M▲
Income taxes67/77€14k€9k▼
Taxes670/3€14k€9k▼
Profit (loss) for the period9904€47.71M€65.92M▲
Profit (loss) for the period to be appropriated9905€47.71M€65.92M▲
Appropriation of the result
Profit (loss) to be appropriated9906€64.22M€97.61M▲
Profit (loss) brought forward from the previous period14P€16.52M€31.70M▲
Transfer to equity691/2€2.39M€3.30M▲
To the legal reserve6920€2.39M€3.30M▲
Profit to be distributed694/7€30.14M€30.00M▼
Return on contributions (dividend)694€30.00M€30.00M=
Employees696€143k-
Social balance
Average headcount (FTE)908742.845.2▲

The notes to these accounts (98 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2026
23-07
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment4 facts ▸
  • Board meeting, 25/06/2026
  • Director resignation, Bertrand Demonceau (bestuurder)
  • Director appointment, Adrien Grabarski (bestuurder)
  • Power of attorney, Ellen Deprez
2025
10-11
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment6 facts ▸
  • General meeting, 24/10/2025
  • Director resignation, Luc Gillard (bestuurder)
  • Director appointment, Julie Fernandez-Fernandez (bestuurder)
  • Director appointment, Martin Jadin (bestuurder)
  • Mandate compensation, Martin Jadin
  • Power of attorney, Bram Joye
24-10
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment8 facts ▸
  • Board meeting, 17/09/2025
  • Director resignation, Luc Gillard (bestuurder)
  • Director appointment, Julie Fernandez-Fernandez (bestuurder)
  • Power of attorney, Ellen Deprez
  • Power of attorney, Vanessa Vanleene
  • Power of attorney, Bram Joye
  • Power of attorney, Shanna Legein
  • Power of attorney, Charlotte Costers
19-06
State Gazette act Resignations & appointments
General meeting · Director reappointment · Mandate compensation9 facts ▸
  • General meeting, 15/05/2025
  • Director reappointment, Laurent Levaux (bestuurder)
  • Director reappointment, Jean-Pierre Hansen (bestuurder)
  • Director reappointment, Grégory Demal (bestuurder)
  • Director reappointment, Jean-Marie Bréban (bestuurder)
  • Director reappointment, Bertrand Demonceau (bestuurder)
  • Director reappointment, Luc Gillard (bestuurder)
  • Director reappointment, Muriel Gerkens (bestuurder)
  • Mandate compensation, Elicio
15-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
13-05
State Gazette act Resignations & appointments
Board meeting · Power of attorney13 facts ▸
  • Board meeting, 23/04/2025
  • Power of attorney, Emmanuel van Vyve (betalingsvolmacht Groep A)
  • Power of attorney, Peter Goderis (betalingsvolmacht Groep B)
  • Power of attorney, Andries Teerlynck (betalingsvolmacht Groep A)
  • Power of attorney, Frederic Vandewaeter (betalingsvolmacht Groep B)
  • Power of attorney, Vanessa Vanleene (betalingsvolmacht Groep A)
  • Power of attorney, Jurgen Ackaert (betalingsvolmacht Groep B)
  • Power of attorney, Ellen Deprez (betalingsvolmacht Groep A)
  • Power of attorney, Ellen Deprez (bijzondere volmacht)
  • Power of attorney, Vanessa Vanleene (bijzondere volmacht)
  • Power of attorney, Bram Joye (bijzondere volmacht)
  • Power of attorney, Shanna Legein (bijzondere volmacht)
  • +1 further facts in this act
03-04
State Gazette act Resignations & appointments
Board meeting · Director resignation · Power of attorney13 facts ▸
  • Board meeting, 19/03/2025
  • Director resignation, Alain Janssens (persoon belast met dagelijks bestuur en CEO)
  • Power of attorney, Alain Janssens
  • Director appointment, Peter Goderis (CEO)
  • Director appointment, Emmanuel van Vyve (A-gedelegeerde)
  • Director appointment, Ellen Deprez (B-gedelegeerde)
  • Director appointment, Andries Teerlynck (A-gedelegeerde)
  • Director appointment, Vanessa Vanleene (B-gedelegeerde)
  • Director appointment, Jurgen Ackaert (Groep A betalingsvolmacht)
  • Power of attorney, Ellen Deprez
  • Power of attorney, Vanessa Vanleene
  • Power of attorney, Bram Joye
  • +1 further facts in this act
2024
31-12
Financial Highest result since 2018net €65.92M ▲38.2%
Net result €65.92M, the highest in the series.
31-12
Financial Equity above €250MEq €263.26M ▲15.8%
3 profitable years in a row build equity to €263.26M.
02-10
State Gazette act Resignations & appointments
Board meeting · Director resignation · Power of attorney10 facts ▸
  • Board meeting, 19/09/2024
  • Director resignation, Frederic Teerlynck (persoon belast met dagelijks bestuur)
  • Power of attorney, Frederic Teerlynck
  • Director appointment, Vanessa Vanleene (persoon belast met dagelijks bestuur)
  • Power of attorney, Vanessa Vanleene
  • Power of attorney, Vanessa Vanleene
  • Power of attorney, Alain Janssens
  • Power of attorney, Ellen Deprez
  • Power of attorney, Bram Joye
  • Power of attorney, Charlotte Costers
01-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
State Gazette act Resignations & appointments
General meeting · Director resignation · Director discharge8 facts ▸
  • General meeting, 19/06/2023
  • Director resignation, Bernard Thiry (bestuurder)
  • Director discharge, Bernard Thiry (bestuurder)
  • Director appointment, Jean-Marie Breban (bestuurder)
  • Mandate compensation, Jean-Marie Breban
  • Power of attorney, Bram Joye
  • Power of attorney, Charlotte Costers
  • Power of attorney, Ellen Deprez
10-07
State Gazette act Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
  • General meeting, 18/05/2023
  • Auditor appointment, EY Bedrijfsrevisoren (commissaris)
  • Permanent representative, Brecht Deketele
13-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
15-03
State Gazette act Capital & shares
General meeting · Capital increase · Capital6 facts ▸
  • General meeting, 27/02/2023
  • Capital increase, €43.000.000
  • Capital, €191.494.474
  • Statutes amendment
  • Capital paid, 100%
  • Contribution in kind, zekere, vaststaande en opeisbare schuldvordering
2022
31-12
Financial Back to profitnet €32.93M
Net result €32.93M after 2 loss-making years.
31-12
Financial Equity above €100MEq €166.78M ▲299%
Equity rises from €41.76M to €166.78M.
09-12
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment7 facts ▸
  • General meeting, 09/11/2022
  • Director resignation, Renaud Witmeur (bestuurder)
  • Director appointment, Grégory Demal (bestuurder)
  • Director appointment, Luc Gillard (bestuurder)
  • Director appointment, Muriel Gerkens (bestuurder)
  • Director appointment, Bertrand Demonceau (bestuurder)
  • Power of attorney, Astrid Van de Maele
17-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
02-03
State Gazette act Capital & shares · Statutes amendment
General meeting · Capital increase · Capital5 facts ▸
  • General meeting, 25/02/2022
  • Capital increase, €100.000.000
  • Capital, €148.494.474
  • Corporate purpose, De vennootschap heeft als voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: (A) Voor…
  • Statutes amendment
2021
31-12
Financial Weakest financial yearnet €-7.33M
Net result drops to €-7.33M, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 5current ratio 12.51
Current ratio from 2.57 to 12.51; short-term debt falls from €44.78M to €3.74M.
16-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
07-06
State Gazette act Miscellaneous
Board meeting1 fact ▸
  • Board meeting, 21/05/2021
02-04
State Gazette act Resignations & appointments
Board meeting · Director resignation · Power of attorney11 facts ▸
  • Board meeting, 25/02/2021
  • Director resignation, Nicolas Bruynooghe (afgevaardigde tot het dagelijks bestuur)
  • Power of attorney, Nicolas Bruynooghe
  • Director appointment, Emmanuel van Vyve (afgevaardigde tot het dagelijks bestuur)
  • Power of attorney, Emmanuel van Vyve
  • Power of attorney, Emmanuel van Vyve
  • Power of attorney, Alain Janssens
  • Power of attorney, Ellen Deprez
  • Power of attorney, Frederic Teerlynck
  • Power of attorney, Astrid Van de Maele
  • Power of attorney, Charlotte Costers
2020
07-12
State Gazette act Resignations & appointments
Board meeting · Permanent representative3 facts ▸
  • Board meeting, 24/09/2020
  • Permanent representative, Marleen Mannekens
  • Permanent representative, Francis Boelens
14-08
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment20 facts ▸
  • Board meeting, 07/07/2020
  • Director resignation, Elicio (afgevaardigden tot het dagelijks bestuur)
  • Director appointment, Nicolas Bruynooghe (A-gedelegeerde dagelijks bestuur)
  • Director appointment, Elke Deprez (B-gedelegeerde dagelijks bestuur)
  • Director appointment, Peter Goderis (A-gedelegeerde dagelijks bestuur)
  • Director appointment, Alain Janssens (B-gedelegeerde dagelijks bestuur (CEO))
  • Director appointment, Andries Teerlynck (A-gedelegeerde dagelijks bestuur)
  • Director appointment, Frederic Teerlynck (B-gedelegeerde dagelijks bestuur)
  • Power of attorney, Nicolas Bruynooghe
  • Power of attorney, Elke Deprez
  • Power of attorney, Alain Janssens
  • Power of attorney, Frederic Teerlynck
  • +8 further facts in this act
31-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
29-04
State Gazette act Resignations & appointments
Board meeting · Power of attorney · Director appointment9 facts ▸
  • Board meeting, 18/03/2020
  • Power of attorney, Elicio
  • Director appointment, Elke Deprez (afgevaardigde tot het dagelijks bestuur)
  • Director appointment, Frederic Teerlynck (afgevaardigde tot het dagelijks bestuur)
  • Mandate compensation, Elke Deprez
  • Mandate compensation, Frederic Teerlynck
  • Power of attorney, Elke Deprez
  • Power of attorney, Frederic Teerlynck
  • Power of attorney, Cindy Faes
20-02
State Gazette act Resignations & appointments
Board meeting · Power of attorney10 facts ▸
  • Board meeting, 23/12/2019
  • Power of attorney, Elke Deprez
  • Power of attorney, Cindy Faes
  • Power of attorney, Nicolas Bruynooghe
  • Power of attorney, Peter Goderis
  • Power of attorney, Andries Teerlynck
  • Power of attorney, Elke Deprez
  • Power of attorney, Emile Dumont
  • Power of attorney, Frederic Teerlynck
  • Power of attorney, Jurgen Ackaert
15-01
State Gazette act Resignations & appointments
Director resignation · Director appointment · Mandate compensation10 facts ▸
  • Director resignation, Stéphane Moreau (bestuurder)
  • Director resignation, Bénédicte Bayer (bestuurder)
  • Director resignation, Pol Heyse (bestuurder)
  • Director resignation, Emile Dumont (bestuurder)
  • Director appointment, Renaud Witmeur (categorie A-bestuurder)
  • Director appointment, Bernard Thiry (categorie A-bestuurder)
  • Director appointment, Laurent Levaux (categorie B-bestuurder)
  • Director appointment, Jean-Pierre Hansen (categorie B-bestuurder)
  • Mandate compensation, Elicio
  • Power of attorney, Cindy Faes
15-01
State Gazette act Capital & shares
General meeting · Capital increase · Capital5 facts ▸
  • General meeting, 23/12/2019
  • Capital increase, €22.000.000
  • Capital, €48.494.474
  • Corporate purpose, (A) Voor eigen rekening: (a) Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen ... (b) Het aanleggen, het oordeelkundig uitbouwen…
  • Statutes amendment
2019
31-12
Financial Liquidity triplescurrent ratio 9.80
Current ratio from 3.64 to 9.80; short-term debt falls from €8.72M to €3.82M.
31-12
Financial Equity above €50MEq €50.93M ▲5836%
2 profitable years in a row build equity to €50.93M.
19-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
28-06
State Gazette act Capital & shares
General meeting · Capital increase · Capital3 facts ▸
  • General meeting, 14/06/2019
  • Capital increase, €26.000.355
  • Capital, €26.494.474
12-03
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment11 facts ▸
  • General meeting, 08/02/2019
  • Director resignation, Heres Communications SPRL (bestuurder)
  • Director resignation, GII SIMON (bestuurder)
  • Director appointment, Pol Heyse (categorie B bestuurder)
  • Director reappointment, Emile Dumont (categorie A bestuurder)
  • Director reappointment, Bénédicte Bayer (categorie A bestuurder)
  • Director reappointment, Stéphane Moreau (categorie B bestuurder)
  • Mandate compensation, ELICIO
  • Power of attorney, Elke Deprez
  • Power of attorney, Cindy Faes
  • Power of attorney, Frederic Teerlynck
2018
30-10
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation20 facts ▸
  • General meeting, 02/07/2018
  • Director appointment, Emile Dumont (categorie A bestuurder)
  • Director appointment, Bénédicte Bayer (categorie A bestuurder)
  • Director appointment, Stéphane Moreau (categorie B bestuurder)
  • Director appointment, Pol Heyse (categorie B bestuurder)
  • Director resignation, Gil Simon (categorie A bestuurder)
  • Mandate compensation, Elicio
  • Board meeting, 27/08/2018
  • Power of attorney, Elke Deprez
  • Power of attorney, Nicolas Bruynooghe
  • Power of attorney, Peter Goderis
  • Power of attorney, Andries Teerlynck
  • +8 further facts in this act
31-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
08-12
State Gazette act Statutes amendment · Resignations & appointments
General meeting · Statutes amendment · Director reappointment10 facts ▸
  • General meeting, 10/11/2017
  • Statutes amendment
  • Director reappointment, Heres Communications SPRL (bestuurder, categorie B)
  • Director reappointment, Stéphane MOREAU (bestuurder, catégorie B)
  • Director reappointment, Bénédicte BAYER (bestuurder, categorie A)
  • Director reappointment, GII SIMON (bestuurder, categorie A)
  • Director reappointment, Emile DUMONT (bestuurder, categorie A)
  • Permanent representative, Pol HEYSE
  • Director appointment, Pol HEYSE (ad hoc voorzitter van de Raad van Bestuur)
  • Power of attorney, raad van bestuur
07-12
State Gazette act Resignations & appointments
General meeting · Director appointment · Mandate compensation7 facts ▸
  • General meeting, 13/10/2017
  • Director appointment, Bénédicte Bayer (categorie A bestuurder)
  • Director appointment, Stéphane Moreau (categorie B bestuurder)
  • Mandate compensation, ELICIO
  • Permanent representative, Poi Heyse
  • Power of attorney, Elke Deprez
  • Power of attorney, Cindy Faes
22-09
State Gazette act Resignations & appointments
General meeting · Director reappointment · Permanent representative15 facts ▸
  • General meeting, 06/06/2017
  • Director reappointment, Gil Simon (categorie A bestuurder)
  • Director reappointment, Emile Dumont (categorie A bestuurder)
  • Director reappointment, Heres Communications (categorie B bestuurder)
  • Permanent representative, Pol Heyse
  • Mandate compensation, Gil Simon
  • Mandate compensation, Emile Dumont
  • Mandate compensation, Heres Communications
  • Power of attorney, Elke Deprez
  • Power of attorney, Cindy Faes
  • General meeting, 30/06/2017
  • Auditor appointment, PWC Bedrijfsrevisoren (commissaris)
  • +3 further facts in this act
24-07
State Gazette act Capital & shares · Miscellaneous
Shareholder decision1 fact ▸
  • Shareholder decision, 26/06/2017
19-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
05-01
State Gazette act Resignations & appointments
General meeting · Permanent representative · Power of attorney6 facts ▸
  • General meeting, 27/05/2016
  • Permanent representative, Peter Opsomer
  • Permanent representative, Filip Drieghe
  • Power of attorney, Elke Deprez
  • Power of attorney, Cindy Faes
  • Power of attorney, Bert Heyman
03-01
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 29/11/2016
2016
21-12
State Gazette act Capital & shares
General meeting · Capital increase · Capital7 facts ▸
  • General meeting, 30/11/2016
  • Capital increase, €14.999.850
  • Capital, €15.061.350
  • Capital decrease, €14.567.231
  • Capital, €494.119
  • Power of attorney, twee bestuurders samen handelend
  • Power of attorney, de raad van bestuur
27-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
22-04
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment11 facts ▸
  • General meeting, 29/04/2015
  • Director resignation, Gil Simon (bestuurder)
  • Director resignation, Emile Dumont (bestuurder)
  • Director resignation, Heres Communications (bestuurder)
  • Director appointment, Gil Simon (categorie A bestuurder)
  • Director appointment, Emile Dumont (categorie A bestuurder)
  • Director appointment, Heres Communications (categorie B bestuurder)
  • Permanent representative, Pol Heyse
  • Mandate compensation, Gil Simon
  • Mandate compensation, Emile Dumont
  • Mandate compensation, Heres Communications
2015
31-03
State Gazette act Resignations & appointments
Board meeting · Power of attorney · Permanent representative8 facts ▸
  • Board meeting, 23/10/2014
  • Power of attorney, Arcadia Strategoi Comm.V.
  • Power of attorney, EBFM BVBA
  • Power of attorney, Calix Consulting BVBA
  • Power of attorney, Defilien BVBA
  • Power of attorney, Peso Verde BVBA
  • Power of attorney, Yante BVBA
  • Permanent representative, Pol Heyse
2014
11-08
State Gazette act Capital & shares
Branch transfer · Accounting effect · Branch transfer scope3 facts ▸
  • Branch transfer, overdracht onder bezwarende titel van een bedrijfstak
  • Accounting effect, 01/04/2014
  • Branch transfer scope, all Belgian wind energy projects in development (onshore/offshore), including necessary assets and directly related liabilities, with explicit exclusion of asse…
26-06
State Gazette act Resignations & appointments
Board meeting · Power of attorney6 facts ▸
  • Board meeting, 06/06/2014
  • Power of attorney, Michel Bonne
  • Power of attorney, Tom Swinnen
  • Power of attorney, Michael Dirkx
  • Power of attorney, Mattias Verbeeck
  • Power of attorney, Marie Georgy
11-06
State Gazette act Capital & shares
Board meeting · Branch transfer2 facts ▸
  • Board meeting, 23/05/2014
  • Branch transfer, Electrawinds
28-05
State Gazette act Incorporation
Incorporation · Founder · Corporate purpose11 facts ▸
  • Incorporation, 16/05/2014
  • Founder, NETHYS
  • Founder, WALLONIE BRUXELLES CONTACT CENTER
  • Corporate purpose, (A) Voor eigen rekening: (a)Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... (b) Het aanleggen, het oordeelkundig uitbouwen e…
  • Founding capital, €61.500
  • Director appointment, Gil Simon (categorie A bestuurder)
  • Director appointment, Emile Dumont (categorie A bestuurder)
  • Director appointment, HERES COMMUNICATIONS (categorie B bestuurder)
  • Permanent representative, Pol Heyse
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren
  • First fiscal year, 31/12/2014, 16/05/2014
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
31 directors, no change since 2026
Adrien GRABARSKI
Director · since 25-06-2026
Current
Martin Jadin
Director · since 23-10-2025
Current
Julie Fernandez-Fernandez
Director · since 17-09-2025
Current
Ellen Deprez
B gedelegeerde · since 01-04-2025
Current
Jurgen Ackaert
Groep a betalingsvolmacht · since 01-04-2025
Current
Vanessa Vanleene
B gedelegeerde · since 12-10-2024
Current
+ 11 not shown in this overview
25-06-2026 Adrien GRABARSKI: Appointed as Director
01-04-2026 Bertrand DEMONCEAU: Resigned as Director
23-10-2025 Martin Jadin: Appointed as Director
17-09-2025 Julie Fernandez-Fernandez: Appointed as Director
12-08-2025 Luc Gillard: Resigned as Director
15-05-2025 Jean-Marie BRÉBAN: Mandate renewed as Director
15-05-2025 DEMAL, Grégory: Mandate renewed as Director
15-05-2025 Muriel Gerkens: Mandate renewed as Director
15-05-2025 Jean-Pierre HANSEN: Mandate renewed as Director
15-05-2025 Laurent Levaux: Mandate renewed as Director
15-05-2025 Bertrand DEMONCEAU: Mandate renewed as Director
15-05-2025 Luc Gillard: Mandate renewed as Director
01-04-2025 Ellen Deprez: Appointed as B gedelegeerde
01-04-2025 Jurgen Ackaert: Appointed as Groep a betalingsvolmacht
01-04-2025 Vanessa Vanleene: Appointed as B gedelegeerde
01-04-2025 Emmanuel van Vyve: Appointed as A gedelegeerde
01-04-2025 Andries Teerlynck: Appointed as A gedelegeerde
01-04-2025 Peter Goderis: Appointed as Ceo
01-04-2025 Alain Janssens: Resigned as Persoon belast met dagelijks bestuur en ceo
12-10-2024 Vanessa Vanleene: Appointed as Persoon belast met dagelijks bestuur
12-10-2024 Frederic Teerlynck: Resigned as Persoon belast met dagelijks bestuur
27-05-2023 Jean-Marie BRÉBAN: Appointed as Director
15-05-2023 Bernard THIRY: Resigned as Director
09-11-2022 DEMAL, Grégory: Appointed as Director
+ 47 not shown in this overview
Location & real-estate footprint
Registered office, Oostende · 2 establishment units since 2014
establishment All 2 establishment units on the map
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.

John Cordierlaan 98400 Oostende
Ground area
1.3 ha
Building footprint
1,562 m²
Volume, LiDAR
16,968 m³
2 parcels, Flanders, Wallonia · tallest building 29.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
ELICIO
John Cordierlaan 9, 8400 OostendeProduction of electricity from non-renewable sources
since 20142.231.912.491
ELICIO
Boulevard Piercot 46, 4000 LiègeProduction of electricity from non-renewable sources
since 20242.360.795.797
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
35026B0187/00A000 Flanders 1.2 ha 1 · 1,305 m² 11.8 m · 3 fl.
62803A1378/00F002
ProtectedMonument
 Wallonia 699 m² 1 · 257 m² 29.8 m · 6 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Statutory auditor

3 auditors
Ernst et Young Reviseurs d'EntreprisesCurrent
Statutory auditor
10-07-2023 → present
Show 2 earlier auditors
PricewaterhouseCoopers Reviseurs d'Entreprises
Statutory auditor
succeeded by Ernst et Young Reviseurs d'Entreprises in 2023
22-09-2017 → 10-07-2023
PricewaterhouseCoopers, Bedrijfsrevisoren
Auditor
succeeded by PricewaterhouseCoopers Reviseurs d'Entreprises in 2017
28-05-2014 → 22-09-2017

Structure & network

Connections & network

91 connected companies
Jean-Pierre HANSEN, Shared director, links 17 companies JH Jean-Pie…ANSENFondation Francqui, via Jean-Pierre HANSEN FFFondationFrancquiSOCIETE PUBLIQUE DE GESTION DE L'EAU, via Jean-Pierre HANSEN SPSOCIETEPUBLIQUE…L'EAUBelgische Scheepvaartmaatschappij-Compagnie Maritime Belge, via Jean-Pierre HANSEN BSBelgischeScheepva…BelgeCinémathèque Royale de Belgique, via Jean-Pierre HANSEN CRCinémathèqueRoyale d…giqueDelhaize Le Lion/De Leeuw, via Jean-Pierre HANSEN DLDelhaize LeLion/De LeeuwELECTRABEL, via Jean-Pierre HANSEN EELECTRABELEPM ACADEMY, via Jean-Pierre HANSEN EAEPM ACADEMYFLUXYS BELGIUM, via Jean-Pierre HANSEN FBFLUXYS BELGIUMINTEGRALE, via Jean-Pierre HANSEN IINTEGRALEKBC Groupe, via Jean-Pierre HANSEN KGKBC GroupeLINEAS GROUP, via Jean-Pierre HANSEN LGLINEAS GROUPNETHYS, via Jean-Pierre HANSEN NNETHYSNETWORK RESEARCH BELGIUM, via Jean-Pierre HANSEN NRNETWORKRESEARCH…LGIUMELICIO ELICIO0552.775.977
Shared directors
Linked via shared directors
Show 55 more companies with a shared director
CREDE
viaDEMAL, Grégory · Director
→
Mnema
viaMuriel Gerkens · Director
→
NETHYS
viaDEMAL, Grégory · Directeur général
→
NETHYS
viaAdrien GRABARSKI · Director
→
→
→
SOCOFE
viaDEMAL, Grégory · Director
→
SOCOFE
viaJean-Marie BRÉBAN · Directeur général
→
former→
former→
former→
former→
ENODIA
viaMuriel Gerkens · Administrateur représentant les communes associées
former→
former→
ETOPIA
viaMuriel Gerkens · Director
former→
former→
IMBC SPINNOVA
viaAdrien GRABARSKI · Représentant permanent
former→
former→
former→
former→
former→
MONS.RENOVATION
viaDEMAL, Grégory · Administrateur délégué et administrateur
former→
former→
former→
NETHYS
viaMuriel Gerkens · Director
former→
former→
NeWIN
viaMuriel Gerkens · Director
former→
former→
former→
former→
PUBLI-T
viaJean-Marie BRÉBAN · Administrateur catégorie d
former→
former→
former→
former→
Network connections
ATRIAS
Shared director
→
→
BELFIUS BANQUE
Shared director
→
Show 28 more network connections
DEXIA HOLDING
Shared director
→
Ecetia Real Estate
Shared director
→
ELIA ASSET
Shared director
→
Elia Group
Shared director
→
→
ETHIAS
Shared director
→
Ethias Solution
Shared director
→
EthiasCo
Shared director
→
FEBECOOP
Shared director
→
HERES COMMUNICATIONS
Shared director
→
→
→
LEANSQUARE
Shared director
→
LIAGES ASBL
Shared director
→
Liege airport
Shared director
→
→
Luminus
Shared director
→
NOSHAQ
Shared director
→
NOSHAQ EUROPE 3
Shared director
→
ORANGE BELGIUM
Shared director
→
Qu4tre Liège Média
Shared director
→
RESA
Shared director
→
SOLIDARIS ASSURANCES
Shared director
→
Solidaris Coopérative
Shared director
→
Solidaris Immo
Shared director
→

Ownership & control

5 parties
ELICIOBE 0552.775.977
controls
Where this company holds controlthis company sits on their board5
ELICIO OFFSHORE
1 subsidiary · 1 location
ELNU
1 subsidiary · 1 location
ELICIO BASTOGNE
1 location
Elicio Maldegem
1 location
ElNu2sea
1 location

Acquisitions and mergers

1 transaction
Received a contribution from:Electrawinds
BE 0449.826.315State Gazette act of 11-08-2014

Capital and shareholders

Capital increase of 43,000,000 EUR
State Gazette act of 15-03-2023
Capital increase of 100,000,000 EUR
State Gazette act of 02-03-2022
Capital increase of 22,000,000 EUR
State Gazette act of 15-01-2020
Capital increase of 26,000,355 EUR
State Gazette act of 28-06-2019
Capital increase of 14,999,850 EUR · 24,390 new shares
State Gazette act of 21-12-2016
Founding capital 61,500 EUR · 100 shares
founders: NETHYS (BE 0465.607.720), WALLONIE BRUXELLES CONTACT CENTER (BE 0807.319.518)
State Gazette act of 28-05-2014

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 341 EUR awarded · 341 EUR paid
Year Entries awardedpaid
2024 1 341 EUR341 EUR
Schemes
Vlaams opleidingsverlof (VOV)
1 entry · 341 EUR · 341 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

C - Power
BE 0466.525.755
Oostende · Eq €288.98M
EFIN
BE 0472.244.597
Torhout · Eq €299.69M
ENECO WIND BELGIUM
BE 0475.012.760
Wavre · Eq €351.88M
BE-NUC
BE 1009.228.976
Brussel · Eq €148.19M
PARKWIND
BE 0844.796.259
Leuven · Eq €514.36M
Of 815 companies in sector 35110 we hold annual accounts for 631. 39 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded16-05-2014
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
71121Engineering and related technical consultancy, excluding land surveyors
35130Electricity, gas, steam and air conditioning supply
35150Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

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