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ELICIO PLUS

Active
Public limited companyfounded 199828 yrs activeJohn Cordierlaan 9, 8400 Oostende, BelgiumKBO/BCE: BE 0462.850.445
Summary

ELICIO PLUS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €310,498 and a net result of €57,782. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 294 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability74▼-7
Solvency48▲+3
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.55 against 1.99 in 2023; short-term debt: 18.9% and cash: 4.8% of total assets), but 76.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers 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
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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
highest failure risk from 2 to 8 years 28 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
55 d early
2023
65 d early
2022
53 d early
2021
51 d early
2020
47 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 50 days before the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (1)
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

History

On 11 March 1998, ELICIO PLUS was incorporated.1 Total assets went from EUR 2.4 million in 2018 to EUR 1.3 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Turnover
€476,434▼ 10.4%
2018 · €531,932
EBIT margin
11.4%▼ 14.6pp
2018 · 26.1%
Net result
€57,782▼ 62.4%
2023 · €153,810
Working capital
€391,151▲ 9.0%
2023 · €358,878
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover
Operating result€65,442▲ 20.1%-€33,688€380,588€218,901▼ 42.5%€87,492▼ 60.0%
Net result€87,119within the sector's middle half▲ 160%-€51,165below the sector's middle half€357,405within the sector's middle half€153,810within the sector's middle half▼ 57.0%€57,782within the sector's middle half▼ 62.4%
EBIT margin
Equity€354,166within the sector's middle half▼ 2.2%€303,002within the sector's middle half▼ 14.4%€330,907within the sector's middle half▲ 9.2%€320,716within the sector's middle half▼ 3.1%€310,498within the sector's middle half▼ 3.2%
Total assets€2.1mwithin the sector's middle half▼ 2.5%€1.7mwithin the sector's middle half▼ 20.6%€1.9mwithin the sector's middle half▲ 13.4%€1.6mwithin the sector's middle half▼ 16.5%€1.3mwithin the sector's middle half▼ 16.9%
Debt€1.7m▼ 3.2%€1.3m▼ 22.8%€1.5m▲ 15.5%€1.2m▼ 20.0%€961,219▼ 20.3%
Working capital€84,764▼ 20.0%€228,140▲ 169%€314,936▲ 38.0%€358,878▲ 14.0%€391,151▲ 9.0%
Solvency16.6%within the sector's middle half=17.9%within the sector's middle half▲ 1.3pp17.2%within the sector's middle half▼ 0.7pp20.0%within the sector's middle half▲ 2.8pp23.3%within the sector's middle half▲ 3.3pp
above within below the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2020: €65,442€65,442Net result 2020: €87,119€87,119Operating result 2021: -€33,688-€33,688Net result 2021: -€51,165-€51,165Operating result 2022: €380,588€380,588Net result 2022: €357,405€357,405Operating result 2023: €218,901€218,901Net result 2023: €153,810€153,810Operating result 2024: €87,492€87,492Net result 2024: €57,782€57,78220202021202220232024€0€100,000€200,000€300,000€400,000Operating result 2022: €380,588€381,000Net result 2022: €357,405€357,000Operating result 2023: €218,901€219,000Net result 2023: €153,810€154,000Operating result 2024: €87,492€87,500Net result 2024: €57,782€57,800202220232024
The operating result has fallen two years in a row; 2024 is 60% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets €689,995 ▼ 21.8%
Current assets €643,365 ▼ 10.9%
Equity and liabilities €1.3m
Equity €310,498 ▼ 3.2%
Provisions €61,643 ▼ 20.2%
Debt €961,219 ▼ 20.3%
Debt's share of the balance-sheet total falls from 75.2% to 72.1%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€280,030▼
2023 · €411,438
Cash flow
€250,319▼
2023 · €346,347
Current ratio
2.55▲
2023 · 1.99
Debt to equity
3.10▼
2023 · 3.76
ROE
18.6%▼
2023 · 48.0%
ROA
4.3%▼
2023 · 9.6%
Interest coverage
16.92▼
2023 · 21.53
Debt ≤ 1 year
€252,214▼
2023 · €362,910
Debt > 1 year
€706,133▼
2023 · €840,468
Income taxes
€25,267▼
2023 · €54,798
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.9% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 4,653 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.6m€1.3m▼
Fixed assets21/28€882,532€689,995▼
Tangible fixed assets22/27€882,462€689,925▼
Plant, machinery and equipment23€882,462€689,925▼
Financial fixed assets28€70€70=
Current assets29/58€721,789€643,365▼
Amounts receivable within one year40/41€153,938€189,827▲
Trade receivables40€117,944€188,780▲
Other amounts receivable41€35,994€1,047▼
Current investments50/53€414,334€374,417▼
Cash at bank and in hand54/58€87,674€63,865▼
Deferred charges and accrued income490/1€65,843€15,255▼
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.3m▼
Equity10/15€320,716€310,498▼
Contributions10/11€248,000€248,000=
Capital10€248,000€248,000=
Issued capital100€248,000€248,000=
Reserves13€72,218€61,872▼
Non-distributable reserves130/1€24,800€24,800=
Legal reserve130€24,800€24,800=
Tax-exempt reserves132€47,418€37,072▼
Profit (loss) carried forward14€499€626▲
Provisions and deferred taxes16€77,261€61,643▼
Provisions for liabilities and charges160/5€52,844€42,553▼
Other liabilities and charges164/5€52,844€42,553▼
Deferred taxes168€24,417€19,089▼
Amounts payable17/49€1.2m€961,219▼
Amounts payable after more than one year17€840,468€706,133▼
Financial debts170/4€840,468€706,133▼
Amounts payable within one year42/48€362,910€252,214▼
Current portion of amounts payable after more than one year42€132,125€134,335▲
Trade debts44€33,468€14,390▼
Suppliers440/4€33,468€14,390▼
Taxes, remuneration and social security45€33,317€35,489▲
Taxes450/3€33,317€35,489▲
Other amounts payable47/48€164,000€68,000▼
Accrued charges and deferred income492/3€2,965€2,871▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€192,537€192,537=
Provisions for liabilities and charges: additions (uses and reversals)635/8€1,769-€10,291▼
Other operating charges640/8€28,943€1,914▼
Gross operating margin9900€442,150€271,652▼
Operating profit (loss)9901€218,901€87,492▼
Financial income75/76B€3,488€6,780▲
Recurring financial income75€3,488€6,780▲
Financial charges65/66B€19,109€16,550▼
Recurring financial charges65€19,109€16,550▼
Profit (loss) for the period before taxes9903€203,280€77,722▼
Transfer from deferred taxes780€5,327€5,327=
Income taxes67/77€54,798€25,267▼
Profit (loss) for the period9904€153,810€57,782▼
Transfer from tax-exempt reserves789€10,346€10,346=
Profit (loss) for the period to be appropriated9905€164,155€68,128▼
Appropriation of the result
Profit (loss) to be appropriated9906€164,499€68,626▼
Profit (loss) brought forward from the previous period14P€343€499▲
Profit to be distributed694/7€164,000€68,000▼
Return on contributions (dividend)694€164,000€68,000▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€192,537€192,537€192,537€192,537€192,537=
Provisions for liabilities and charges: additions (uses and reversals)635/8-€2,002€2,002€1,769-€10,291▼ 682%
Other operating charges640/8-€4,055€4,068€28,943€1,914▼ 93.4%
Non-recurring operating charges66A-€141,030----
Gross operating margin9900€277,353€305,937€579,195€442,150€271,652▼ 38.6%
Operating profit (loss)9901€65,442-€33,688€380,588€218,901€87,492▼ 60.0%
Financial income75/76B--€0€3,488€6,780▲ 94.3%
Recurring financial income75€3,333-€0€3,488€6,780▲ 94.3%
Financial charges65/66B-€22,804€20,696€19,109€16,550▼ 13.4%
Recurring financial charges65€26,897€22,804€20,696€19,109€16,550▼ 13.4%
Profit (loss) for the period before taxes9903€80,950-€56,492€359,892€203,280€77,722▼ 61.8%
Transfer from deferred taxes780-€5,327€5,327€5,327€5,327=
Income taxes67/77-€843-€7,814€54,798€25,267▼ 53.9%
Profit (loss) for the period9904€87,119-€51,165€357,405€153,810€57,782▼ 62.4%
Transfer from tax-exempt reserves789-€10,346€10,346€10,346€10,346=
Profit (loss) for the period to be appropriated9905€97,465-€40,819€367,751€164,155€68,128▼ 58.5%
Line20202021202220232024Change
Assets
Total assets20/58€2.1m€1.7m€1.9m€1.6m€1.3m▼ 16.9%
Fixed assets21/28€1.6m€1.3m€1.1m€882,532€689,995▼ 21.8%
Tangible fixed assets22/27€1.6m€1.3m€1.1m€882,462€689,925▼ 21.8%
Plant, machinery and equipment23-€1.3m€1.1m€882,462€689,925▼ 21.8%
Financial fixed assets28€70€70€70€70€70=
Current assets29/58€539,518€425,536€845,221€721,789€643,365▼ 10.9%
Amounts receivable within one year40/41€274,802€83,695€69,493€153,938€189,827▲ 23.3%
Trade receivables40-€82,695€59,650€117,944€188,780▲ 60.1%
Other amounts receivable41-€1,000€9,843€35,994€1,047▼ 97.1%
Current investments50/53€31,748€31,748€31,748€414,334€374,417▼ 9.6%
Cash at bank and in hand54/58€193,186€249,189€667,713€87,674€63,865▼ 27.2%
Deferred charges and accrued income490/1-€60,904€76,266€65,843€15,255▼ 76.8%
Equity and liabilities
Total equity and liabilities10/49€2.1m€1.7m€1.9m€1.6m€1.3m▼ 16.9%
Equity10/15€354,166€303,002€330,907€320,716€310,498▼ 3.2%
Contributions10/11€248,000€248,000€248,000€248,000€248,000=
Capital10-€248,000€248,000€248,000€248,000=
Issued capital100-€248,000€248,000€248,000€248,000=
Reserves13€103,255€92,909€82,563€72,218€61,872▼ 14.3%
Non-distributable reserves130/1-€24,800€24,800€24,800€24,800=
Legal reserve130-€24,800€24,800€24,800€24,800=
Tax-exempt reserves132-€68,109€57,763€47,418€37,072▼ 21.8%
Profit (loss) carried forward14€2,912-€37,907€343€499€626▲ 25.6%
Provisions and deferred taxes16€87,469€84,144€80,819€77,261€61,643▼ 20.2%
Provisions for liabilities and charges160/5-€49,073€51,075€52,844€42,553▼ 19.5%
Other liabilities and charges164/5-€49,073€51,075€52,844€42,553▼ 19.5%
Deferred taxes168-€35,071€29,744€24,417€19,089▼ 21.8%
Amounts payable17/49€1.7m€1.3m€1.5m€1.2m€961,219▼ 20.3%
Amounts payable after more than one year17€1.2m€1.1m€972,593€840,468€706,133▼ 16.0%
Financial debts170/4-€1.1m€972,593€840,468€706,133▼ 16.0%
Amounts payable within one year42/48€454,754€197,396€530,285€362,910€252,214▼ 30.5%
Current portion of amounts payable after more than one year42-€127,814€129,952€132,125€134,335▲ 1.7%
Trade debts44€220,457€58,009€64,664€33,468€14,390▼ 57.0%
Suppliers440/4-€58,009€64,664€33,468€14,390▼ 57.0%
Taxes, remuneration and social security45-€11,573€6,169€33,317€35,489▲ 6.5%
Taxes450/3-€11,573€6,169€33,317€35,489▲ 6.5%
Other amounts payable47/48--€329,500€164,000€68,000▼ 58.5%
Accrued charges and deferred income492/3-€6,056€5,687€2,965€2,871▼ 3.2%
Line20202021202220232024Change
Profit (loss) for the period9904€87,119-€51,165€357,405€153,810€57,782▼ 62.4%
+ Depreciation and write-downs630€192,537€192,537€192,537€192,537€192,537=
Operating cash flow (approximation)€279,657€141,373€549,942€346,347€250,319▼ 27.7%
Investment in fixed assets (approximation)-€133,505€0€0€0-
Change in cash-€56,002€418,524-€580,039-€23,809▲ 95.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
06-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-05
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Back to profitnet €357,405
Net result €357,405 after one loss-making year.
10-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Weakest financial yearnet -€51,165
Net result drops to -€51,165, the lowest in the series; recovery starts the following year.
14-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
24-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts

We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
21 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
1,305 m²
Volume, LiDAR
11,982 m³
Parcel 35026B0187/00A000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
16 companies at this address See who is registered here
1 establishment unit
ELICIO PLUS
John Cordierlaan 9, 8400 OostendeNACE 5010101
since 20022.087.895.603
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35026B0187/00A000 Flanders 1.2 ha 1 · 1,305 m² 11.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group ENODIA 40 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. ENODIA 100%
  2. NETHYS 100%
  3. ELICIO 100%
  4. ELICIO PLUS

Highest known parent: ENODIA. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of ELICIO PLUS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 814 companies in sector 35110 we hold annual accounts for 631. 410 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded11-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
E-invoicing
Reachable via Peppol
Peppol ID 0208:0462850445
Registered 09-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.