Elicio Wind For Water
ActiveFrom the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The annual accounts of Elicio Wind For Water for financial year 2025 show a net loss of 72% of the equity at the start of that year. The 2025 annual accounts show equity of €536,081 and a net result of -€343,887. Equity has been shrinking by about 12% per year since 2021. Its solvency ranks better than 25% of 351 sector peers (NACE 35, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
KBO- Status
- Active since 30-03-2021 Normal situation
- Legal form
- Public limited company
- Registered office
- John Cordierlaan 9, 8400 Oostende
- Activity
- Production of electricity from non-renewable sources NACE 35110and 2 others
- Establishment unit
- 2.317.603.479 8400 Oostende, since 30-03-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Board and ownership
Board
- Teerlynck AndriesDirector · since 30-03-2021
- JACOBS MarcusDirector · since 14-07-2022
- Vanessa VanleeneDirector · since 12-10-2024
- Ellen DeprezDirector · since 01-04-2025
Shareholders
- ELICIO80%annual accounts 2025
- Enodia SCIRLconsolidatesannual accounts 2025
- Campina Energie20%annual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts 2025
- Gross margin
- €290,936
- ▲ 62.4%
- Turnover
- ≈ €690,000
- estimated
- Loss
- €343,887
- ▼ 24.2%
- Equity
- €536,081
- ▲ 11.7%
- Total assets
- €6.2m
- ▼ 6.8%
2025 accounts filed 46 days before the deadline
Filed on 15-06-2026at the National Bank
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 0.75, cash €90,121Equity €536,081 (8.7% of total assets)lowers riskSize: total assets €6.2mFigures for financial year 2025 (filed on 15-06-2026)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 40% of small companies in electricity, gas and steam (NACE 35)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
34+2
equity 8.7% of total assets
Liquidity
52=
short-term debt 6.6% · cash 1.5%
Profitability
35+11
return on assets -5.6%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.2%▼ -0.1 percentage points vs 11-2024lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged 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: 0.5%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 0.3%▼ -0.2 percentage points vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €25,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.75 (0.59 in 2024), below 1. Short-term debt is 6.6% and cash 1.5% of total assets. 91.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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). It does better than 23% of them on solvency, 49% on liquidity, 17% on profitability and 71% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 351 sector peers (2025).
NBB · sector comparisonPosition among 351 sector peers
Solvency
better than 25%
← weakest
strongest →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
46 days early
2024
56 days early
2023
68 days early
2022
54 days early
2021
52 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 55 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · 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 monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 15-06-2026
- Annual accounts 2024filed on 05-06-2025
- Annual accounts 2023filed on 24-05-2024
- Annual accounts 2022filed on 07-06-2023
Acts in the Belgian Official Gazette
- Capital & shares · Amendment of the articlesact of 02-01-2026
- Resignations & appointmentsact of 08-04-2025
- Resignations & appointmentsact of 14-10-2024
- Resignations & appointmentsact of 28-06-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about Elicio Wind For Water
- What is the company number of Elicio Wind For Water?
- The company number of Elicio Wind For Water is 0765.857.263. The VAT number is the same number with BE in front: BE 0765.857.263.
- Where is Elicio Wind For Water based?
- The registered office is at John Cordierlaan 9, 8400 Oostende.Company details
- What does Elicio Wind For Water 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 Wind For Water?
- The legal form of Elicio Wind For Water is Public limited company (NV).
- When was Elicio Wind For Water founded?
- Elicio Wind For Water was founded on 30-03-2021.
- Is Elicio Wind For Water still active?
- Yes, Elicio Wind For Water is an active enterprise in the KBO register.
- What is the turnover of Elicio Wind For Water?
- The turnover in financial year 2025 is ≈ €690,000. This figure is estimated from the gross margin of €290,936 and 2,285 comparable companies of the same size. It probably lies between €410,000 and €1.2m. It is a rough estimate.Financials
- Is Elicio Wind For Water profitable?
- In financial year 2025, Elicio Wind For Water made a loss of €343,887.
- Where can I find the annual accounts of Elicio Wind For Water?
- Elicio Wind For Water filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of Elicio Wind For Water due?
- Elicio Wind For Water must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Companies linked to Elicio Wind For Water
Shareholders
Comparable companies
These companies have the same main activity as Elicio Wind For Water: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €3.6m and €6.3m, founded between 2020 and 2022.
| Company | Total assets | Gross margin |
|---|---|---|
| Elicio Wind For Water Oostende | €6.2m | €0.3m |
| SUNFIN Torhout | €6.3m | €0.3m |
| Messancy BioMétha Arlon | €5.5m | €0.5m |
| LemBeau Oostende | €6.3m | €0.6m |
| Green Nature Energy Gistel | €3.6m | €0.5m |
| MOULIN DU BOIS DE LA HUTTE Namur | €4.5m | €0.3m |
| YORKSHIRE ENERGIE Estinnes | €4.9m | €0.3m |
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