ENODIA

Group · 41 companies · 2 countries

ENODIA and the 40 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.

Parent's dossierFollow this group My exposure

Companies

39 in Belgium, 2 abroad

Countries

Belgium, France

Total assets

€7.14bn

what the companies own together

Equity

€4.54bn

the shareholders' buffer

Net result

€224.4m

profit or loss of the year

Staff (FTE)

1,507

in Belgium, social balance

Sum of the filed annual accounts of 37 of the 39 Belgian companies (financial years 2024-2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.

Consolidated accounts 2025

Filed by ENODIA: the group's figures as one whole, with intra-group positions eliminated. These are the real group figures.

Total assets

€3.24bn

Equity

€2.47bn

Turnover

€198.1m

Net result

€13.1m

Group risk

How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.

91/100 median score

High risk 2Elevated 2Fair 4Healthy 23No verdict 8

The parent itself: ENODIA, no verdict.
2 companies being dissolved or liquidated: INTEGRALE, LES AMIS DE M.
5 companies with negative equity: INTEGRALE (-€135.6m), LUSO INVEST (-€6.4m), CREDIS (-€5.2m), NETHYS IMMO (-€167,629), Elicio SLH (-€63,425).
1 company with overdue accounts: COPERNICUS SITE.
10 companies with a loss in the latest year: NETHYS IMMO (-€2.7m), LOZANA INVEST (-€1.8m), BETV (-€1.6m), Elicio Wind For Water (-€343,887), LUSO INVEST (-€247,820), CREDIS (-€181,197) and 4 more.
31.5% of the added-up total assets sits in one company: RESA.
0.2% of the added-up total assets sits at companies with an elevated or high risk.

Group structure

Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.

ENODIA4 subsidiaries

BE 0204.245.277ParentLEI lapsed
No verdict€1.35bn €1.19bn 2025
- NETHYS10 subsidiaries
  
  BE 0465.607.720100% per the accounts
  Healthy · 92€1.72bn €1.65bn 2025
  - BETV
    
    BE 0435.115.967
    No verdict€25.1m - 2025
  - CREDIS
    
    BE 0433.077.97799.31% per the accounts
    Fair · 53€46,453 -€5.2m 2025
  - ELICIO15 subsidiaries
    
    BE 0552.775.977100% per the accounts
    Healthy · 95€299.9m €271.1m 2025
    
    ELICIO BASTOGNE
    
    BE 0890.159.10260% per the accounts
    Healthy · 96€1.2m €572,852 2025
    
    ELICIO BERLARE
    
    BE 0811.412.62151% per the accounts
    Healthy · 94€989,864 €528,573 2025
    
    Elicio Maldegem
    
    BE 0811.413.31460% per the accounts
    Healthy · 94€1.8m €490,983 2025
    
    ELICIO OFFSHORE
    
    BE 0831.221.209100% per the accounts
    Healthy · 94€22.7m €16.2m 2025
    
    Elicio Plateau de Bassenge
    
    BE 0756.538.137100% per the accounts
    Healthy · 91€28.8m €6.2m 2025
    
    ELICIO PLUS
    
    BE 0462.850.445100% per the accounts
    Healthy · 94€1.2m €300,899 2025
    
    Elicio Power in Motion
    
    BE 1024.256.850100% per the accounts
    No verdictno figures
    
    Elicio SLH
    
    BE 0807.239.047100% per the accounts
    Fair · 54€2.2m -€63,425 2025
    
    Elicio Vent de Hesbaye
    
    BE 1008.717.351100% per the accounts
    Healthy · 94€33.5m €1.6m 2025
    
    Elicio Vent de Sambre
    
    BE 1016.671.846100% per the accounts
    Healthy · 85€17.9m €974,746 2025
    
    Elicio Vents d'Ardenne
    
    BE 0794.329.832100% per the accounts
    Elevated · 54€2.2m €2,233 2025
    
    Elicio Wind For Water
    
    BE 0765.857.26380% per the accounts
    Elevated · 55€6.2m €536,081 2025
    
    Elicio WP
    
    BE 0861.775.021100% per the accounts
    Healthy · 95€15.5m €4.0m 2025
    
    ELNU
    
    BE 0834.266.910100% per the accounts
    Healthy · 88€40.6m €24.6m 2025
    
    ElNu2sea
    
    BE 0779.421.72451% per the accounts
    Healthy · 85€31.9m €31.9m 2025
  - INTEGRALE6 subsidiaries
    
    BE 0221.518.50471.15% per the accountsdissolution or liquidationLEI lapsed
    High risk · 24€9.1m -€135.6m 2025
    
    Building Green One
    
    BE 0501.599.965LEI lapsed
    No verdict- - 2025
    
    COPERNICUS SITE
    
    BE 0882.662.980Accounts overdueLEI lapsed
    No verdict€9.6m €369,938 2024
    
    GINKGO PARC
    
    BE 0846.024.595LEI lapsed
    Healthy · 98€3.6m €994,783 2025
    
    LA FONCIERE LIEGEOISE
    
    BE 0847.805.536LEI lapsed
    Healthy · 90€10.4m €7.9m 2025
    
    LOZANA INVEST
    
    BE 0471.902.921LEI lapsed
    No verdict€19.2m €5.3m 2025
    
    LUSO INVEST
    
    BE 0841.049.683LEI lapsed
    No verdict€42.2m -€6.4m 2025
  - Le Travailleur chez Lui
    
    BE 0402.439.34092.33% per the accounts
    No verdict€564.5m €39.5m 2025
  - LES AMIS DE M
    
    BE 0518.924.36378.76% per the accountsdissolution or liquidation
    High risk · 24€214,226 -€492,991 2024
  - NEB PARTICIPATIONS1 subsidiary
    
    BE 0480.029.73970.57% per the accounts
    Healthy · 96€82.1m €67.9m 2025
    
    Liege airport1 subsidiary
    
    BE 0440.516.78850.36% per the accounts
    Healthy · 97€121.4m €85.6m 2025
    
    LIEGE AIRPORT BUSINESS PARK
    
    BE 0824.466.24780.11% per the accounts
    Healthy · 91€82.3m €22.7m 2025
  - NETHYS IMMO
    
    BE 0404.332.622100% per the accounts
    Fair · 51€8.9m -€167,629 2025
  - PUBLILEC1 subsidiary
    
    BE 0219.808.43366.81% per the accounts
    Healthy · 91€193.9m €168.3m 2025
    
    PUBLIPART
    
    BE 0875.090.84464.93% per the accounts
    Healthy · 89€105.7m €101.0m 2025
  - TAXSHELTER.BE1 subsidiary
    
    BE 0865.895.83872% per the accounts
    Healthy · 92€6.6m €2.1m 2025
    
    SHELTER PROD
    
    BE 0597.853.56099% per the accounts
    Healthy · 93€30.6m €552,597 2025
- RESA1 subsidiary
  
  BE 0847.027.754
  Healthy · 83€2.25bn €985.6m 2025
  - RESA Innovation et Technologie
    
    BE 0724.552.089100% per the accounts
    Fair · 53€247,479 €80,269 2025
- ELICIO VENT D'OUEST
  
  FR Paris, Franceindirect
- O DE FRANCE
  
  FR Paris, Franceindirect

High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.

Shared directors

Who sits on the boards of several group companies. This is where control over the group sits in practice.

DEMAL, Grégory

NETHYS, ELICIO, NEB PARTICIPATIONS
3
ELICIOgroup company

Elicio Plateau de Bassenge, ElNu2sea
2
Adrien GRABARSKI

NETHYS, ELICIO
2
Benjamin Houet

RESA, RESA Innovation et Technologie
2
Bernard THIRY

NETHYS, NEB PARTICIPATIONS
2
Fabian MARCQ

Liege airport, LIEGE AIRPORT BUSINESS PARK
2
Julie FERNANDEZ FERNANDEZ

NETHYS, NEB PARTICIPATIONS
2
Marc RENOUPREZ

Liege airport, LIEGE AIRPORT BUSINESS PARK
2
Muriel Gerkens

NETHYS, ELICIO
2
Mélanie LEPONCE

RESA, RESA Innovation et Technologie
2
Paul ERNOUX

RESA, RESA Innovation et Technologie
2

Events in the group

Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.

08-10-2026
1 director appointed, 1 director resigning, 1 reappointed

Director changeBETV
19-08-2026
Change of permanent representative

Director changeGINKGO PARC
04-08-2026
1 director appointed, 1 director resigning

Director changeGINKGO PARC
27-07-2026
3 directors appointed, 5 directors resigning

Director changeBuilding Green One
23-07-2026
1 director appointed, 1 director resigning

Director changeELICIO
18-06-2026
Bertrand Demonceau resigns as director

Director changeNEB PARTICIPATIONS
18-06-2026
Bertrand Demonceau resigns as director

Director changeNETHYS
15-06-2026
Change of permanent representative

Director changeELICIO PLUS
15-06-2026
Change of permanent representative

Director changeElicio WP
15-06-2026
Change of permanent representative

Director changeElicio SLH
15-06-2026
Change of permanent representative

Director changeELICIO BERLARE
15-06-2026
Change of permanent representative

Director changeElicio Maldegem
15-06-2026
Change of permanent representative

Director changeELICIO OFFSHORE
15-06-2026
Change of permanent representative

Director changeELNU
15-06-2026
Bertrand Demonceau resigns as director

Director changeELICIO
15-06-2026
3 reappointed

Director changeElicio Plateau de Bassenge
03-06-2026
2 directors appointed, 3 directors resigning

Director changeLiege airport
03-06-2026
NOSHAQ PARTNERS SRL resigns as daily management delegate

Director changeLIEGE AIRPORT BUSINESS PARK
28-05-2026
Registered office moved within Liege

Registered office moveRESA Innovation et Technologie
28-05-2026
Jacques CHABOT appointed as director

Director changeRESA Innovation et Technologie
28-05-2026
Registered office moved within Liege

Registered office moveRESA
05-05-2026
Paul Gheysens appointed as day-to-day manager

Director changeCOPERNICUS SITE
23-03-2026
Gil SIMON appointed as directeur général

Director changeRESA
11-03-2026
1 director appointed, 1 director resigning

Director changeLiege airport
06-03-2026
Capital increase of €4,700,000 to €37,317,500

Capital changeElNu2sea
26-02-2026
Capital increase of €20,976,204 to €82,651,704

Capital changeNEB PARTICIPATIONS
13-02-2026
2 directors appointed

Director changeRESA
21-01-2026
Change of permanent representative

Director changeELICIO BASTOGNE
14-01-2026
24 directors appointed, 9 directors resigning

Director changeLiege airport
02-01-2026
Capital increase of €400,000 to €1,300,000

Capital changeElicio Wind For Water

The 30 most recent; each dossier shows its company's full timeline.

What is my exposure to this group?

The companies of this group you keep in your lists or follow, seen together.

Where do these figures come from?

Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.

The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.

The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.

Updated on 14-10-2026