Elicio WP
ActiveElicio WP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.32M and a net result of €1.03M. Equity is growing by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 355 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
73
/ 100
Healthy▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency29▼-1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.31 in 2023), and 80.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 35
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.7%
Return on assets
6.1%
Age of the figures
20 mo
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 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
70 d early
2022
54 d early
2021
52 d early
2020
47 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€5.99M▼ 53.4%
2023 · €12.84M
2023: €12.84M
2023 → 2024
EBIT margin
21.9%▼ 31.3pp
2023 · 53.2%
2023: 53.2%
2023 → 2024
Net result
€1.03M▼ 78.8%
2023 · €4.86M
2018: €-1.02M
2019: €-575k
2020: €-115k
2021: €600k
2022: €3.68M
2023: €4.86M
2018 → 2024
Working capital
€806k▼ 72.2%
2023 · €2.90M
2018: €2.46M
2019: €1.91M
2020: €3.21M
2021: €5.28M
2022: €8.17M
2023: €2.90M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€12.84M€5.99M▼ 53.4%
Equity€414k-€1.01M▲ 145%€4.70M▲ 363%€4.64M▼ 1.2%€3.32M▼ 28.4%
Operating result€536k-€1.26M▲ 135%€5.58M▲ 342%€6.83M▲ 22.4%€1.31M▼ 80.8%
Net result€-115k-€600k€3.68M▲ 514%€4.86M▲ 31.9%€1.03M▼ 78.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 81% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16.83M
Fixed assets
€10.95M▼ 13.9%
Current assets
€5.88M▼ 51.5%
Equity and liabilities €16.83M
Equity
€3.32M▼ 28.4%
Provisions
€616k▲ 9.8%
Debt
€12.89M▼ 34.4%
The debt ratio falls from 79.1% to 76.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€3.11M▼
2023 · €8.68M
Cash flow
€2.82M▼
2023 · €6.70M
Solvency
19.7%▲
2023 · 18.7%
Current ratio
1.16▼
2023 · 1.31
Quick ratio
1.16▼
2023 · 1.31
Debt / equity
3.88▼
2023 · 4.23
ROE
31.0%▼
2023 · 104.7%
ROA
6.1%▼
2023 · 19.6%
Interest coverage
23.35▲
2023 · 15.06
Debt
€12.89M▼
2023 · €19.65M
Debt ≤ 1 year
€5.07M▼
2023 · €9.23M
Debt > 1 year
€7.82M▼
2023 · €10.41M
Income taxes
€344k▼
2023 · €1.62M
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€24.85M€16.83M▼
Fixed assets21/28€12.72M€10.95M▼
Tangible fixed assets22/27€12.71M€10.95M▼
Plant, machinery and equipment23€2.45M€2.02M▼
Leasing and similar rights25€10.23M€8.87M▼
Assets under construction and advance payments27€31k€55k▲
Financial fixed assets28€6k€6k=
Other financial fixed assets284/8€6k€6k=
Amounts receivable and cash guarantees285/8€6k€6k=
Current assets29/58€12.13M€5.88M▼
Amounts receivable within one year40/41€1.90M€1.86M▼
Trade receivables40€1.88M€1.82M▼
Other amounts receivable41€19k€41k▲
Current investments50/53€8.53M€3.08M▼
Other investments51/53€8.53M€3.08M▼
Cash at bank and in hand54/58€1.12M€702k▼
Deferred charges and accrued income490/1€580k€236k▼
Equity and liabilities
Total equity and liabilities10/49€24.85M€16.83M▼
Equity10/15€4.64M€3.32M▼
Contributions10/11€1.68M€1.68M=
Capital10€1.68M€1.68M=
Issued capital100€1.68M€1.68M=
Reserves13€168k€168k=
Non-distributable reserves130/1€168k€168k=
Legal reserve130€168k€168k=
Profit (loss) carried forward14€2.80M€1.48M▼
Provisions and deferred taxes16€561k€616k▲
Provisions for liabilities and charges160/5€561k€616k▲
Other liabilities and charges164/5€561k€616k▲
Amounts payable17/49€19.65M€12.89M▼
Amounts payable after more than one year17€10.41M€7.82M▼
Financial debts170/4€10.41M€7.82M▼
Subordinated loans170€1.63M€29k▼
Leasing and similar obligations172€6.80M€6.12M▼
Credit institutions173€1.99M€1.67M▼
Amounts payable within one year42/48€9.23M€5.07M▼
Current portion of amounts payable after more than one year42€987k€1,000k▲
Trade debts44€1.08M€1.26M▲
Suppliers440/4€1.08M€1.26M▲
Taxes, remuneration and social security45€2.24M€465k▼
Taxes450/3€2.24M€465k▼
Other amounts payable47/48€4.92M€2.35M▼
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20232024
Operating income70/76A€12.93M€6.03M▼
Turnover70€12.84M€5.99M▼
Other operating income74€87k€38k▼
Operating charges60/66A€6.09M€4.71M▼
Services and other goods61€2.67M€2.77M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.84M€1.79M▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€56k€55k▼
Other operating charges640/8€1.53M€92k▼
Operating profit (loss)9901€6.83M€1.31M▼
Financial income75/76B€226k€198k▼
Recurring financial income75€226k€198k▼
Income from current assets751€224k€198k▼
Other financial income752/9€2k-
Financial charges65/66B€581k€137k▼
Recurring financial charges65€581k€137k▼
Debt charges650€576k€133k▼
Other financial charges652/9€4k€4k▼
Profit (loss) for the period before taxes9903€6.48M€1.37M▼
Income taxes67/77€1.62M€344k▼
Taxes670/3€1.62M€344k▼
Profit (loss) for the period9904€4.86M€1.03M▼
Profit (loss) for the period to be appropriated9905€4.86M€1.03M▼
Appropriation of the result
Profit (loss) to be appropriated9906€7.72M€3.83M▼
Profit (loss) brought forward from the previous period14P€2.85M€2.80M▼
Profit to be distributed694/7€4.92M€2.35M▼
Return on contributions (dividend)694€4.92M€2.35M▼
The notes to these accounts (42 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €4.86M ▲31.9%
Operating result €6.83M, net result €4.86M, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €4.70M ▲363%
2 profitable years in a row build equity to €4.70M.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €600k
Net result €600k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.47
Current ratio from 1.47 to 3.47; short-term debt falls from €6.79M to €2.14M.
31-12
Financial
Equity above €1MEq €1.01M ▲145%
Equity rises from €414k to €1.01M.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2006
29-12
State Gazette act
General meeting · Approval
Capital increase · Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
24 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 2003
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 OostendeGround 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.
1 establishment unit
Elicio WP
since 20032.134.535.874
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
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300JEMLIQZG3UR549
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Of 816 companies in sector 35110 we hold annual accounts for 632. 373 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-11-2003
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
35130Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:eliciowp@elicio.be