Skip to content

ENODIA

Group · 40 companies · 2 countries

ENODIA and the 39 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 All groups
Companies
40
38 in Belgium, 2 abroad
Countries
2
Belgium, France
Total assets
€6.78bn
what the companies own together
Equity
€4.49bn
the shareholders' buffer
Net result
€281.2m
profit or loss of the year
Staff (FTE)
1,511
in Belgium, social balance

Sum of the filed annual accounts of 36 of the 38 Belgian companies (fiscal years 2024-2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.

ENODIA also files consolidated accounts (fiscal year 2025): the real group figures, with intra-group positions eliminated. Checked does not read their figures yet; the document is at the National Bank's Central Balance Sheet Office.

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.

69/100 median score

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 · 68€1.72bn €1.65bn 2025
      • BETV
        BE 0435.115.967
        No verdict€25.1m - 2025
      • CREDIS
        BE 0433.077.97799.31% per the accounts
        Elevated · 32€46,453 -€5.2m 2025
      • ELICIO14 subsidiaries
        BE 0552.775.977100% per the accounts
        Healthy · 72€296.8m €263.3m 2024
        • ELICIO BASTOGNE
          BE 0890.159.10260% per the accounts
          Healthy · 78€1.2m €552,898 2024
        • ELICIO BERLARE
          BE 0811.412.62151% per the accounts
          Healthy · 72€1.5m €591,413 2024
        • Elicio Maldegem
          BE 0811.413.31460% per the accounts
          Healthy · 75€1.7m €493,411 2024
        • ELICIO OFFSHORE
          BE 0831.221.209100% per the accounts
          Healthy · 81€23.2m €21.8m 2024
        • Elicio Plateau de Bassenge
          BE 0756.538.137100% per the accounts
          Healthy · 66€34.9m €6.5m 2024
        • ELICIO PLUS
          BE 0462.850.445100% per the accounts
          Healthy · 67€1.3m €310,498 2024
        • Elicio SLH
          BE 0807.239.047100% per the accounts
          Elevated · 58€2.5m €37,192 2024
        • Elicio Vent de Hesbaye
          BE 1008.717.351100% per the accounts
          No verdictno figures
        • Elicio Vent de Sambre
          BE 1016.671.846100% per the accounts
          No verdictno figures
        • Elicio Vents d'Ardenne
          BE 0794.329.832100% per the accounts
          Elevated · 59€26,981 €20,728 2024
        • Elicio Wind For Water
          BE 0765.857.26380% per the accounts
          Fair · 47€6.6m €479,969 2024
        • Elicio WP
          BE 0861.775.021100% per the accounts
          Healthy · 70€16.8m €3.3m 2024
        • ELNU
          BE 0834.266.910100% per the accounts
          Healthy · 75€40.7m €25.5m 2024
        • ElNu2sea
          BE 0779.421.72451% per the accounts
          Healthy · 60€26.1m €26.1m 2024
      • INTEGRALE6 subsidiaries
        BE 0221.518.50471.15% per the accountsdissolution or liquidationLEI lapsed
        High risk · 24€5.2m -€142.8m 2024
      • 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 · 84€82.1m €67.9m 2025
        • Liege airport1 subsidiary
          BE 0440.516.78850.36% per the accounts
          Healthy · 78€121.4m €85.6m 2025
      • NETHYS IMMO
        BE 0404.332.622100% per the accounts
        Elevated · 34€8.9m -€167,629 2025
      • PUBLILEC1 subsidiary
        BE 0219.808.43366.81% per the accounts
        Healthy · 75€193.9m €168.3m 2025
        • PUBLIPART
          BE 0875.090.84464.93% per the accounts
          Healthy · 69€105.7m €101.0m 2025
      • TAXSHELTER.BE1 subsidiary
        BE 0865.895.83872% per the accounts
        Healthy · 69€6.6m €2.1m 2025
        • SHELTER PROD
          BE 0597.853.56099% per the accounts
          Healthy · 62€30.6m €552,597 2025
    • RESA1 subsidiary
      BE 0847.027.754
      Healthy · 72€1.95bn €955.6m 2024
    • 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.

5

Events in the group

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

  1. Change of permanent representative
    Director changeGINKGO PARC
  2. 1 director appointed, 1 director resigning
    Director changeGINKGO PARC
  3. 3 directors appointed, 5 directors resigning
    Director changeBuilding Green One
  4. 1 director appointed, 1 director resigning
    Director changeELICIO
  5. Bertrand Demonceau resigns as director
    Director changeNEB PARTICIPATIONS
  6. Bertrand Demonceau resigns as director
    Director changeNETHYS
  7. Change of permanent representative
    Director changeELICIO PLUS
  8. Change of permanent representative
    Director changeElicio WP
  9. Change of permanent representative
    Director changeElicio SLH
  10. Change of permanent representative
    Director changeELICIO BERLARE
  11. Change of permanent representative
    Director changeElicio Maldegem
  12. Change of permanent representative
    Director changeELICIO OFFSHORE
  13. Change of permanent representative
    Director changeELNU
  14. Bertrand Demonceau resigns as director
    Director changeELICIO
  15. 3 reappointed
    Director changeElicio Plateau de Bassenge
  16. 3 directors appointed, 1 director resigning
    Director changeLiege airport
  17. Capital increase of €4,700,000
    Capital changeElNu2sea
  18. Capital increase of €20,976,204
    Capital changeNEB PARTICIPATIONS
  19. 2 directors appointed
    Director changeRESA
  20. Change of permanent representative
    Director changeELICIO BASTOGNE
  21. 24 directors appointed, 9 directors resigning
    Director changeLiege airport
  22. 14 directors appointed, 8 directors resigning
    Director changeLIEGE AIRPORT BUSINESS PARK

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 28-09-2026

We would like to set cookies. That happens only with your consent. What we measure