ELICIO PLUS
ActiveSummary
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 €310k and a net result of €58k. 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 €20k 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 dateAge against the risk zone
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 filingsDeviation 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 →
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Turnover
€476k▼ 10.4%
2018 · €532k
EBIT margin
11.4%▼ 14.6pp
2018 · 26.1%
Net result
€58k▼ 62.4%
2023 · €154k
Working capital
€391k▲ 9.0%
2023 · €359k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€65k▲ 20.1%€-34k€381k€219k▼ 42.5%€87k▼ 60.0%
Net result€87k▲ 160%€-51k€357k€154k▼ 57.0%€58k▼ 62.4%
EBIT margin
Equity€354k▼ 2.2%€303k▼ 14.4%€331k▲ 9.2%€321k▼ 3.1%€310k▼ 3.2%
Total assets€2.13M▼ 2.5%€1.69M▼ 20.6%€1.92M▲ 13.4%€1.60M▼ 16.5%€1.33M▼ 16.9%
Debt€1.69M▼ 3.2%€1.31M▼ 22.8%€1.51M▲ 15.5%€1.21M▼ 20.0%€961k▼ 20.3%
Working capital€85k▼ 20.0%€228k▲ 169%€315k▲ 38.0%€359k▲ 14.0%€391k▲ 9.0%
Result per fiscal year
Operating resultNet result
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 €1.33M
Fixed assets
€690k ▼ 21.8%
Current assets
€643k ▼ 10.9%
Equity and liabilities €1.33M
Equity
€310k ▼ 3.2%
Provisions
€62k ▼ 20.2%
Debt
€961k ▼ 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
EBITDA
€280k▼
2023 · €411k
Cash flow
€250k▼
2023 · €346k
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
€252k▼
2023 · €363k
Debt > 1 year
€706k▼
2023 · €840k
Income taxes
€25k▼
2023 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €193k | €193k | €193k | €193k | €193k | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €2k | €2k | €2k | €-10k | ▼ 682% |
| Other operating charges640/8 | - | €4k | €4k | €29k | €2k | ▼ 93.4% |
| Non-recurring operating charges66A | - | €141k | - | - | - | - |
| Gross operating margin9900 | €277k | €306k | €579k | €442k | €272k | ▼ 38.6% |
| Operating profit (loss)9901 | €65k | €-34k | €381k | €219k | €87k | ▼ 60.0% |
| Financial income75/76B | - | - | €0 | €3k | €7k | ▲ 94.3% |
| Recurring financial income75 | €3k | - | €0 | €3k | €7k | ▲ 94.3% |
| Financial charges65/66B | - | €23k | €21k | €19k | €17k | ▼ 13.4% |
| Recurring financial charges65 | €27k | €23k | €21k | €19k | €17k | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €81k | €-56k | €360k | €203k | €78k | ▼ 61.8% |
| Transfer from deferred taxes780 | - | €5k | €5k | €5k | €5k | = |
| Income taxes67/77 | €-843 | - | €8k | €55k | €25k | ▼ 53.9% |
| Profit (loss) for the period9904 | €87k | €-51k | €357k | €154k | €58k | ▼ 62.4% |
| Transfer from tax-exempt reserves789 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) for the period to be appropriated9905 | €97k | €-41k | €368k | €164k | €68k | ▼ 58.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.13M | €1.69M | €1.92M | €1.60M | €1.33M | ▼ 16.9% |
| Fixed assets21/28 | €1.59M | €1.27M | €1.08M | €883k | €690k | ▼ 21.8% |
| Tangible fixed assets22/27 | €1.59M | €1.27M | €1.07M | €882k | €690k | ▼ 21.8% |
| Plant, machinery and equipment23 | - | €1.27M | €1.07M | €882k | €690k | ▼ 21.8% |
| Financial fixed assets28 | €70 | €70 | €70 | €70 | €70 | = |
| Current assets29/58 | €540k | €426k | €845k | €722k | €643k | ▼ 10.9% |
| Amounts receivable within one year40/41 | €275k | €84k | €69k | €154k | €190k | ▲ 23.3% |
| Trade receivables40 | - | €83k | €60k | €118k | €189k | ▲ 60.1% |
| Other amounts receivable41 | - | €1k | €10k | €36k | €1k | ▼ 97.1% |
| Current investments50/53 | €32k | €32k | €32k | €414k | €374k | ▼ 9.6% |
| Cash at bank and in hand54/58 | €193k | €249k | €668k | €88k | €64k | ▼ 27.2% |
| Deferred charges and accrued income490/1 | - | €61k | €76k | €66k | €15k | ▼ 76.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.13M | €1.69M | €1.92M | €1.60M | €1.33M | ▼ 16.9% |
| Equity10/15 | €354k | €303k | €331k | €321k | €310k | ▼ 3.2% |
| Contributions10/11 | €248k | €248k | €248k | €248k | €248k | = |
| Capital10 | - | €248k | €248k | €248k | €248k | = |
| Issued capital100 | - | €248k | €248k | €248k | €248k | = |
| Reserves13 | €103k | €93k | €83k | €72k | €62k | ▼ 14.3% |
| Non-distributable reserves130/1 | - | €25k | €25k | €25k | €25k | = |
| Legal reserve130 | - | €25k | €25k | €25k | €25k | = |
| Tax-exempt reserves132 | - | €68k | €58k | €47k | €37k | ▼ 21.8% |
| Profit (loss) carried forward14 | €3k | €-38k | €343 | €499 | €626 | ▲ 25.6% |
| Provisions and deferred taxes16 | €87k | €84k | €81k | €77k | €62k | ▼ 20.2% |
| Provisions for liabilities and charges160/5 | - | €49k | €51k | €53k | €43k | ▼ 19.5% |
| Other liabilities and charges164/5 | - | €49k | €51k | €53k | €43k | ▼ 19.5% |
| Deferred taxes168 | - | €35k | €30k | €24k | €19k | ▼ 21.8% |
| Amounts payable17/49 | €1.69M | €1.31M | €1.51M | €1.21M | €961k | ▼ 20.3% |
| Amounts payable after more than one year17 | €1.23M | €1.10M | €973k | €840k | €706k | ▼ 16.0% |
| Financial debts170/4 | - | €1.10M | €973k | €840k | €706k | ▼ 16.0% |
| Amounts payable within one year42/48 | €455k | €197k | €530k | €363k | €252k | ▼ 30.5% |
| Current portion of amounts payable after more than one year42 | - | €128k | €130k | €132k | €134k | ▲ 1.7% |
| Trade debts44 | €220k | €58k | €65k | €33k | €14k | ▼ 57.0% |
| Suppliers440/4 | - | €58k | €65k | €33k | €14k | ▼ 57.0% |
| Taxes, remuneration and social security45 | - | €12k | €6k | €33k | €35k | ▲ 6.5% |
| Taxes450/3 | - | €12k | €6k | €33k | €35k | ▲ 6.5% |
| Other amounts payable47/48 | - | - | €330k | €164k | €68k | ▼ 58.5% |
| Accrued charges and deferred income492/3 | - | €6k | €6k | €3k | €3k | ▼ 3.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87k | €-51k | €357k | €154k | €58k | ▼ 62.4% |
| + Depreciation and write-downs630 | €193k | €193k | €193k | €193k | €193k | = |
| Operating cash flow (approximation) | €280k | €141k | €550k | €346k | €250k | ▼ 27.7% |
| Investment in fixed assets (approximation) | - | €134k | €0 | €0 | €0 | - |
| Change in cash | - | €56k | €419k | €-580k | €-24k | ▲ 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.
More with these figures Sector benchmark What changed Value indication
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 €357k
Net result €357k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, 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.
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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
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
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.
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Of 814 companies in sector 35110 we hold annual accounts for 630. 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
Scores and ratios are computed by Checked and are not a credit decision.