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EolSPI

Active
Public limited companyfounded 20233 yrs activeRue du Vertbois 11, 4000 Liège, BelgiumKBO/BCE: BE 0798.649.203
Summary

EolSPI has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.5m and a net result of -€642,667. Its solvency ranks better than 30% of 356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability19▲+4
Solvency37▼-3
Growth32
Track record94
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 6.55 against 1.36 in 2023; short-term debt: 0.7% and cash: 0.6% of total assets), but 87.8% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
12.2%
Return on assets
-5.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
2324
2023 to 2024 · latest year -€642,667
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 04-06-2025, 57 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
57 d early
2023
61 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 59 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 20 February 2023, EolSPI was incorporated as a Public limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

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

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€642,667▼ 72.9%
2023 · -€371,726
Working capital
€496,521▼ 28.0%
2023 · €689,908
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
Line20232024
Operating result-€61,623-€50,886
Net result-€371,726below the sector's middle half--€642,667below the sector's middle half▼ 72.9%
Equity€2.1mwithin the sector's middle half-€1.5mwithin the sector's middle half▼ 30.2%
Total assets€13.9mwithin the sector's middle half-€12.2mwithin the sector's middle half▼ 12.3%
Debt€11.7m-€10.7m▼ 9.1%
Working capital€689,908within the sector's middle half-€496,521within the sector's middle half▼ 28.0%
Solvency15.4%within the sector's middle half-12.2%within the sector's middle half▼ 3.1pp
Current ratio1.36within the sector's middle half-6.55above the sector's middle half▲ 5.19
Return on assets (ROA)-2.7%below the sector's middle half--5.3%below the sector's middle half▼ 2.6pp
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
-€800,000-€600,000-€400,000-€200,000€0Operating result 2023: -€61,623-€61,623Net result 2023: -€371,726-€371,726Operating result 2024: €50,886€50,886Net result 2024: -€642,667-€642,66720232024-€800,000-€600,000-€400,000-€200,000€0Operating result 2023: -€61,623-€61,600Net result 2023: -€371,726-€372,000Operating result 2024: €50,886€50,900Net result 2024: -€642,667-€643,00020232024
The operating result returns to profit in 2024: €50,886 after a loss of €61,623 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.2m
Fixed assets €11.6m ▲ 2.9%
Current assets €585,984 ▼ 77.6%
Equity and liabilities €12.2m
Equity €1.5m ▼ 30.2%
Provisions €9,559
Debt €10.7m ▼ 9.1%
Debt's share of the balance-sheet total rises from 84.6% to 87.7%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€534,852▲
2023 · -€61,058
Cash flow
-€158,702▲
2023 · -€371,162
Debt to equity
7.18▲
2023 · 5.51
ROE
-43.3%▼
2023 · -17.5%
Interest coverage
0.77▲
2023 · -0.20
Debt ≤ 1 year
€89,463▼
2023 · €1.9m
Debt > 1 year
€9.5m=
2023 · €9.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 619 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • solvency 10 to 30%
  • a small loss
  • without age
0.6% went bankrupt
2.4% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% 1.7%
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 75% 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 619 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 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€13.9m€12.2m▼
Formation expenses20€2,802€2,129▼
Fixed assets21/28€11.2m€11.6m▲
Tangible fixed assets22/27€11.2m€11.6m▲
Plant, machinery and equipment23-€11.6m
Assets under construction and advance payments27€11.2m-
Current assets29/58€2.6m€585,984▼
Amounts receivable within one year40/41€4,617€474,332▲
Trade receivables40-€474,332
Other amounts receivable41€4,617-
Cash at bank and in hand54/58€2.6m€77,425▼
Deferred charges and accrued income490/1€16,000€34,227▲
Equity and liabilities
Total equity and liabilities10/49€13.9m€12.2m▼
Equity10/15€2.1m€1.5m▼
Contributions10/11€2.5m€2.5m=
Capital10€2.5m€2.5m=
Issued capital100€2.5m€2.5m=
Profit (loss) carried forward14-€371,726-€1.0m▼
Provisions and deferred taxes16-€9,559
Provisions for liabilities and charges160/5-€9,559
Environmental obligations163-€9,559
Amounts payable17/49€11.7m€10.7m▼
Amounts payable after more than one year17€9.5m€9.5m=
Financial debts170/4€9.5m€9.5m=
Amounts payable within one year42/48€1.9m€89,463▼
Trade debts44€1.9m€80,851▼
Suppliers440/4€1.9m€80,851▼
Taxes, remuneration and social security45-€8,612
Taxes450/3-€8,612
Accrued charges and deferred income492/3€309,824€1.1m▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€564€483,966▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€9,559
Other operating charges640/8-€880
Gross operating margin9900-€61,058€545,291▲
Operating profit (loss)9901-€61,623€50,886▲
Financial charges65/66B€310,104€693,554▲
Recurring financial charges65€310,104€693,554▲
Profit (loss) for the period before taxes9903-€371,726-€642,667▼
Profit (loss) for the period9904-€371,726-€642,667▼
Profit (loss) for the period to be appropriated9905-€371,726-€642,667▼
Appropriation of the result
Profit (loss) to be appropriated9906-€371,726-€1.0m▼
Profit (loss) brought forward from the previous period14P--€371,726

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€564€483,966▲ 85,638%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€9,559-
Other operating charges640/8-€880-
Gross operating margin9900-€61,058€545,291▲ 993%
Operating profit (loss)9901-€61,623€50,886▲ 183%
Financial charges65/66B€310,104€693,554▲ 124%
Recurring financial charges65€310,104€693,554▲ 124%
Profit (loss) for the period before taxes9903-€371,726-€642,667▼ 72.9%
Profit (loss) for the period9904-€371,726-€642,667▼ 72.9%
Profit (loss) for the period to be appropriated9905-€371,726-€642,667▼ 72.9%
Line20232024Change
Assets
Total assets20/58€13.9m€12.2m▼ 12.3%
Formation expenses20€2,802€2,129▼ 24.0%
Fixed assets21/28€11.2m€11.6m▲ 2.9%
Tangible fixed assets22/27€11.2m€11.6m▲ 2.9%
Plant, machinery and equipment23-€11.6m-
Assets under construction and advance payments27€11.2m--
Current assets29/58€2.6m€585,984▼ 77.6%
Amounts receivable within one year40/41€4,617€474,332▲ 10,173%
Trade receivables40-€474,332-
Other amounts receivable41€4,617--
Cash at bank and in hand54/58€2.6m€77,425▼ 97.0%
Deferred charges and accrued income490/1€16,000€34,227▲ 114%
Equity and liabilities
Total equity and liabilities10/49€13.9m€12.2m▼ 12.3%
Equity10/15€2.1m€1.5m▼ 30.2%
Contributions10/11€2.5m€2.5m=
Capital10€2.5m€2.5m=
Issued capital100€2.5m€2.5m=
Profit (loss) carried forward14-€371,726-€1.0m▼ 173%
Provisions and deferred taxes16-€9,559-
Provisions for liabilities and charges160/5-€9,559-
Environmental obligations163-€9,559-
Amounts payable17/49€11.7m€10.7m▼ 9.1%
Amounts payable after more than one year17€9.5m€9.5m=
Financial debts170/4€9.5m€9.5m=
Amounts payable within one year42/48€1.9m€89,463▼ 95.4%
Trade debts44€1.9m€80,851▼ 95.8%
Suppliers440/4€1.9m€80,851▼ 95.8%
Taxes, remuneration and social security45-€8,612-
Taxes450/3-€8,612-
Accrued charges and deferred income492/3€309,824€1.1m▲ 246%
Line20232024Change
Profit (loss) for the period9904-€371,726-€642,667▼ 72.9%
+ Depreciation and write-downs630€564€483,966▲ 85,638%
Operating cash flow (approximation)-€371,162-€158,702▲ 57.2%
Investment in fixed assets (approximation)--€807,869-
Change in cash--€2.5m-

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

2026
07-09
State Gazette act Appointment: SRL PwC Reviseurs d'entreprises (statutory auditor)
Permanent representative: Mélanie Adorante3 facts ▸
  • General meeting, 11-05-2026
  • Auditor appointment, SRL PwC Reviseurs d'entreprises (statutory auditor)
  • Permanent representative, Mélanie Adorante (permanent representative)
2025
04-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Liquidity times 5current ratio 6.55
Current ratio from 1.36 to 6.55; short-term debt falls from €1.9m to €89,463.
31-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts

Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

Statutory auditor 1

PwC Réviseurs d'Entreprises SRL
Statutory auditor · since 07-09-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,984 m²
Building footprint
1,376 m²
Volume, LiDAR
20,780 m³
Parcel 62803A1420/00K000, Wallonia · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
22 companies at this address See who is registered here
1 establishment unit
EolSPI
Rue du Vertbois 11, 4000 LiègeProduction of electricity from non-renewable sources
since 20232.348.693.464
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62803A1420/00K000 Wallonia 1,984 m² 1 · 1,376 m² 17.2 m · 5 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.

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
PwC Réviseurs d'Entreprises SRL
  • Statutory auditor, from 07-09-2026 to date
See the board, name and seat on a given date →

Structure & network

Part of the group ELECTRICITE DE FRANCE 66 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. EDF BELGIUM 68.63%
  2. Luminus 51%
  3. EolSPI

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

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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 149 companies in sector 35120 we hold annual accounts for 80. 47 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
Founded20-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
35120Electricity, gas, steam and air conditioning supply
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798649203
Also 9925:BE0798649203
Registered 23-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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