ACTIVE

ELICIO

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result32,8 M €-50,2 %over 1 year

Revenue5,4 M €+106,0 %over 1 year

Equity271,1 M €+3,0 %over 1 year

Workforce50,0 ETP+10,6 %over 1 year

Identity

Source · BCE/KBO

ELICIO is a Public limited company incorporated in 2014. Its main activity is: Production of electricity. Its registered office is in Oostende. It employs on average 50,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0552.775.977
Incorporation: 16/05/2014
Legal form: Public limited company
Registered office: John Cordierlaan 9
8400 Oostende · FlandreSee on map
Contributed capital: 191 494 474,00 €
Latest accounts: 31/12/2025
Average workforce: 50,0 ETP

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 35120Transmission of electricity 35130Distribution of electricity+4

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 12 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	5,4 M €	+106%	2,6 M €	+10.4%	2,4 M €	+19.3%	2 M €	-0.4%	2 M €
EBITDA	-6,4 M €	-3.2%	-6,2 M €	-6.7%	-5,8 M €	-40.2%	-4,2 M €	+12.2%	-4,7 M €
Operating result	-6,8 M €	-4.8%	-6,5 M €	-18.5%	-5,5 M €	-21.8%	-4,5 M €	+26.9%	-6,2 M €
Net result	32,8 M €	-50.2%	65,9 M €	+38.2%	47,7 M €	+44.9%	32,9 M €	+549%	-7,3 M €
Balance sheet
Equity	271,1 M €	+3.0%	263,3 M €	+15.8%	227,3 M €	+36.3%	166,8 M €	+299%	41,8 M €
Total assets	299,9 M €	+1.1%	296,8 M €	+13.6%	261,3 M €	+14.3%	228,6 M €	+3.4%	221 M €
Cash	18,3 M €	+28.3%	14,3 M €	+110%	6,8 M €	-79.2%	32,5 M €	-27.4%	44,9 M €
Debts	27,7 M €	-14.3%	32,3 M €	-1.7%	32,8 M €	-45.1%	59,8 M €	-66.3%	177,6 M €
Other
Workforce	50,0 ETP	+10.6%	45,2 ETP	+5.6%	42,8 ETP	+14.7%	37,3 ETP	+7.5%	34,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Martin Jadin	Director23/10/2025 → 15/05/2031
Julie Fernandez	Director17/09/2025 → 15/05/2031
Bertrand Demonceau	Director09/11/2022 → 31/03/2026
Grégory Demal	Director09/11/2022 → 15/05/2031
Jean-Marie Breban	Director27/05/2023 → 15/05/2031
Jean-Pierre Hansen	Director06/12/2019 → 15/05/2031
Laurent Levaux	Director06/12/2019 → 15/05/2031
Muriel Gerkens	Director09/11/2022 → 15/05/2031
Luc Gillard	Director09/11/2022 → 12/08/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard Thiry	Director06/12/2019 → 2023 accounts
Renaud Witmeur	Director06/12/2019 → 2022 accounts

Other companies at this address

John Cordierlaan 9 8400 Oostende

Company	CBE no.
ELICIO BERLARE● Active	0811.412.621
Elicio Maldegem● Active	0811.413.314
ELICIO OFFSHORE● Active	0831.221.209
Elicio Plateau de Bassenge● Active	0756.538.137
ELICIO PLUS● Active	0462.850.445
Elicio Power in Motion● Active	1024.256.850
Elicio SLH● Active	0807.239.047
Elicio Vent de Hesbaye● Active	1008.717.351
Elicio Vent de Sambre● Active	1016.671.846
Elicio Wind For Water● Active	0765.857.263
Elicio WP● Active	0861.775.021
ELNU● Active	0834.266.910
ElNu2sea● Active	0779.421.724

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/06/2026	15/06/2025	01/06/2024	13/06/2023	17/06/2022	16/06/2021
General meeting	21/05/2026	15/05/2025	16/05/2024	18/05/2023	19/05/2022	20/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/05/2026	16/06/2026	Dutch	PDF
Full model	31/12/2024	15/05/2025	15/06/2025	Dutch	PDF
Full model	31/12/2023	16/05/2024	01/06/2024	Dutch	PDF
Full model	31/12/2022	18/05/2023	13/06/2023	Dutch	PDF
Full model	31/12/2021	19/05/2022	17/06/2022	Dutch	PDF
Full model	31/12/2020	20/05/2021	16/06/2021	Dutch	PDF
Full model	31/12/2019	31/07/2020	31/07/2020	Dutch	PDF
Full model	31/12/2018	16/05/2019	19/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	31/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	19/07/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	30/04/2015	30/07/2015	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Martin Jadin	Director23/10/2025 → 15/05/2031
Julie Fernandez	Director17/09/2025 → 15/05/2031
Bertrand Demonceau	Director09/11/2022 → 31/03/2026
Grégory Demal	Director09/11/2022 → 15/05/2031
Jean-Marie Breban	Director27/05/2023 → 15/05/2031
Jean-Pierre Hansen	Director06/12/2019 → 15/05/2031
Laurent Levaux	Director06/12/2019 → 15/05/2031
Muriel Gerkens	Director09/11/2022 → 15/05/2031
Luc Gillard	Director09/11/2022 → 12/08/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard Thiry	Director06/12/2019 → 2023 accounts
Renaud Witmeur	Director06/12/2019 → 2022 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/07/2026
Cooptatie bestuurder
PDF
Mandates15/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2024
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

Martin Jadin

Julie Fernandez

Laurent Levaux

Muriel Gerkens

Bertrand Demonceau

Grégory Demal

Jean-Marie Breban

Jean-Pierre Hansen

Luc Gillard

Bernard Thiry

Renaud Witmeur

Pol HEYSE

Show the 6 other mandates

201420152016201720182019202020212022202320242025202620272028202920302031

ELICIO

John Cordierlaan 9, 8400 Oostende

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
John Cordierlaan 9, 8400 OostendeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00184073

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ELICIOCurrent	accounts 2014 → 2025	Accounts 2025 · 2026-00184073

Events

2025
Annual accounts 202532,8 M €↓
15/05/2025
reconductionLaurent Levaux · bestuurder
15/05/2025
reconductionJean-Pierre Hansen · bestuurder
15/05/2025
reconductionGrégory Demal · bestuurder
15/05/2025
reconductionJean-Marie Bréban · bestuurder
15/05/2025
reconductionBertrand Demonceau · bestuurder
15/05/2025
reconductionLuc Gillard · bestuurder
15/05/2025
reconductionMuriel Gerkens · bestuurder
01/04/2025
nominationPeter Goderis · CEO
2024
Annual accounts 202465,9 M €↑
12/10/2024
nominationVanessa Vanleene · persoon belast met dagelijks bestuur
2023
Annual accounts 202347,7 M €↑
27/05/2023
nominationJean-Marie Breban · bestuurder
18/05/2023
nominationBrecht Deketele · vaste vertegenwoordiger van de commissaris
27/02/2023
augmentation_capital
2022
Annual accounts 202232,9 M €↑
09/11/2022
nominationGrégory Demal · bestuurder
09/11/2022
nominationLuc Gillard · bestuurder
09/11/2022
nominationMuriel Gerkens · bestuurder
09/11/2022
nominationBertrand Demonceau · bestuurder
2021
Annual accounts 2021-7,3 M €↓
2020
Annual accounts 2020-1,8 M €↓
2019
Annual accounts 20192,1 M €↑
2018
Annual accounts 20181,4 M €↓
2017
Annual accounts 20172,2 M €↑
2016
Annual accounts 2016-6,6 M €↑
2015
Annual accounts 2015-7,5 M €↓
2014
Annual accounts 2014-3,7 M €
16/05/2014
IncorporationPublic limited company

ELICIO

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events