Elicio SLH

Active

Public limited companyfounded 2008active for 18 yearsJohn Cordierlaan 9, 8400 Oostende, Belgium16 active companies are registered at this addressKBO/BCE: BE 0807.239.047

Summary

Elicio SLH has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€63,425) and a net result of -€95,040. Equity is shrinking by about 25% per year across the filed financial years. Its solvency ranks better than 10% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

Elicio SLHActiveChecked score 54/100

Risk analysis Report Compare

Activity

Production of electricity from non-renewable sources

NACE 35110

8th oldest company in Ostend, Energy sector1 site

Size

€2.2mtotal assets 2025

Equity: -€63,425
Loss: -€95,040

Net result +63%: other schema

Financial health

54 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Parent: ELICIO · 100%

Andries TeerlynckDirector
Elicio NVDirector · permanent representative Alain Janssens
Ellen DeprezDirector

Auditor: Ernst et Young Reviseurs d'Entreprises2025 accounts 45 days early4 of 19 deeds summarised

Why 54raises riskCapped at 59: negative equityNegative equity -€63,425Loss of €95,040, the second in a row (financial year 2025)lowers riskSize: total assets €2.2mFigures for financial year 2025 (filed 16-06-2026)Show the evidence

Checked score

Score 2025

54 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 32% of its sector peers (NACE 35, small)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 22-4

equity -2.9% of total assets

Liquidity 65+12

short-term debt 21.6% · cash 17.5%

Profitability 63+7

return on assets -4.4%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (253 companies, NACE 35, small)

Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 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: 0.1%● unchanged vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026highest value 07-2026: 0.2%▼ -0.2 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026

No credit on open account

Liquidity ample (current ratio 2.02, compared with 0.86 in 2024, above the usual 1.5; short-term debt: 21.6% and cash: 17.5% of total assets), but equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 10% on solvency, 80% on liquidity, 37% on profitability and 3% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: total assets €2.2m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity -€63,425

NBB · annual accounts

Figures for financial year 2025 (filed 16-06-2026)

NBB · annual accounts

Loss of €95,040, the second in a row (financial year 2025)

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€63,425

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

45 days early

2024

55 days early

2023

68 days early

2022

54 days early

2021

51 days early

2020

47 days early

2019

31 days 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 50 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)

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 7 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

16-06-2026 Annual accounts filedfinancial year 2025 · full…
15-06-2026 Reappointment: EY Bedrijfsrevisoren (statutory auditor)Permanent representative: Brecht Deketele
31-12-2025 Liquidity more than doubledcurrent ratio 2.02

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€63,425 View
Caution: Among the weakest 10% on equitysector median €2.3m · 349 companies -€63,425 View
Positive: Result rose in 2025different schema filed ▲ 62.8% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by ELICIOultimately: ENODIA 100% View
Caution: 2 loss-making years in a rowloss financial year 2025 -€95,040 View

By topic

Financials

Financial year: 2025
Total assets: €2.2m
Loss: -€95,040
Solvency: -2.9%

Turnover▲ 16.7%

Net result

20182019

Go to Financials

Board & ownership

Board: 3 members
Parent: ELICIO · 100%
Auditor: Ernst et Young Reviseurs…

Andries TeerlynckDirector
Elicio NVDirector
Ellen DeprezDirector

Go to Board & ownership

Network & group

Group: ENODIA

Go to Network & group

Timeline

Events: 24
Since: 2010
Next accounts: by 31-07-2027

06-06-2025Annual accounts filed
03-04-2025Permanent representative: Peter Goderis
31-12-2024Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Production of electricity from non-renewable sourcesNACE 35110
Founded: 20-10-2008
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 8

Annual meeting: Second Thursday of May at 12:00

Go to Articles of association

Key facts about Elicio SLH

What is the company number of Elicio SLH?: 0807.239.047. In Belgium the VAT number is the company number with BE in front: BE 0807.239.047.
Where is Elicio SLH based?: The registered office is at John Cordierlaan 9, 8400 Oostende.Company details
What does Elicio SLH 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 SLH?: Public limited company (NV).
When was Elicio SLH founded?: On 20-10-2008.
Is Elicio SLH still active?: Yes, Elicio SLH is an active enterprise in the KBO register.
What is the turnover of Elicio SLH?: €2.0m in financial year 2019, according to the filed annual accounts.Financials
Is Elicio SLH profitable?: In financial year 2025, Elicio SLH made a loss of €95,040.
Where can I find the annual accounts of Elicio SLH?: Elicio SLH filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Elicio SLH due?: By 31-07-2027, for financial year 2026.Timeline