ACTIVE

ELICIO BERLARE

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Financial year 2025 · closed on 31/12/2025
Net result
318,8 k €
-48.0% YoY
Gross margin
415,5 k €
-48.7% YoY
Equity
528,6 k €
-10.6% YoY

What does ELICIO BERLARE do?

ELICIO BERLARE is a Public limited company incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Oostende.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0811.412.621
Incorporation
24/04/2009
Legal form
Public limited company
Registered office
John Cordierlaan 9
8400 Oostende · FlandreSee on map
Contributed capital
352 065,90 €
Latest accounts
31/12/2025
Activities (NACE)
35110Production of electricity· main35110Production of electricity35120Transmission of electricity35130Distribution of electricity35130Distribution of electricity35140Trade of electricity+4
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin415,5 k €809,8 k €3,3 M €1,1 M €1,7 M €2,3 M €2,4 M €1,7 M €1,8 M €1,6 M €––––––
EBITDA412,6 k €807 k €2,5 M €1,1 M €1,7 M €2,3 M €2,4 M €1,7 M €1,8 M €1,5 M €2,1 M €2 M €2 M €2 M €-70,4 k €-8,8 k €
Operating result410,9 k €752 k €1,3 M €-123,1 k €428,1 k €1,1 M €1,2 M €486,2 k €562,7 k €294,4 k €827,8 k €751,8 k €747,6 k €816,8 k €-70,4 k €-8,8 k €
Net result318,8 k €612,5 k €1,1 M €-124,1 k €237,6 k €852,6 k €871,4 k €127,6 k €205,5 k €-192,8 k €280,5 k €138,6 k €108,4 k €158,2 k €-98,4 k €-9 k €
Balance sheet
Equity528,6 k €591,4 k €1,4 M €2 M €2,2 M €3,1 M €2,9 M €2,2 M €2,3 M €2,2 M €2,4 M €2,4 M €2,4 M €2,4 M €2,4 M €547,8 k €
Total assets989,9 k €1,5 M €3,5 M €2,3 M €5,3 M €7,1 M €7,8 M €8,3 M €9,5 M €10,5 M €12,3 M €13,3 M €14,4 M €16 M €10 M €554,8 k €
Cash47,2 k €80,6 k €3 M €654,1 k €1,5 M €1,7 M €935,3 k €567,7 k €61,2 k €213,2 k €149,5 k €1,1 M €896,4 k €1,3 M €98,8 k €35,5 k €
Debts289,3 k €727,4 k €2 M €79,2 k €3 M €3,8 M €4,8 M €5,9 M €7,1 M €8,2 M €9,9 M €10,9 M €11,9 M €13,4 M €7,6 M €7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 36 ended

Active mandates

Andries Teerlynck

Director · since 01 avril 2025 · until 08 mai 2030

Active
Vanessa Vanleene

Director · since 12 octobre 2024 · until 08 mai 2030

Active
Charles Libert

Director · since 07 septembre 2023 · until 08 mai 2030

Active
Peter Goderis

Director · since 31 décembre 2019 · until 31 mars 2025

Active
ELICIO

Director · since 01 juillet 2018 · until 08 mai 2030 · 0552.775.977

Represented by Peter Goderis (vanaf 01/04/2025)

Active
TINC

Director · since 01 juillet 2018 · until 08 mai 2030 · 0894.555.972

Represented by Felix Heylen (vanaf 21/03/2025)

Active

Ended mandates

Charles Libert

Director · since 07 septembre 2023 · until 29 avril 2024

Ended
Frederic Teerlynck

Director · since 31 décembre 2019 · until 29 avril 2024

Ended
Frederic Teerlynck

Director · since 31 décembre 2019 · until 12 octobre 2024

Ended
Peter Goderis

Director · since 31 décembre 2019 · until 29 avril 2024

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/06/202606/06/202524/05/202407/06/202310/06/202210/06/2021
General meeting13/05/202614/05/202508/05/202410/05/202311/05/202212/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202513/05/202615/06/2026DutchPDF
Abridged model31/12/202414/05/202506/06/2025DutchPDF
Abridged model31/12/202308/05/202424/05/2024DutchPDF
Abridged model31/12/202210/05/202307/06/2023DutchPDF
Abridged model31/12/202111/05/202210/06/2022DutchPDF
Abridged model31/12/202012/05/202110/06/2021DutchPDF
Abridged model31/12/201928/05/202030/06/2020DutchPDF
Abridged model31/12/201829/04/201924/05/2019DutchPDF
Abridged modelCorrection31/12/201730/04/201809/11/2018DutchPDF
Abridged model31/12/201730/04/201829/06/2018DutchPDF
Abridged model31/12/201602/05/201719/06/2017DutchPDF
Full model31/12/201529/04/201620/06/2016DutchPDF
Full model31/12/201429/04/201510/06/2015DutchPDF
Full model31/12/201330/04/201411/09/2014DutchPDF
Full model31/12/201229/04/201307/08/2013DutchPDF
Full model31/12/201130/04/201224/07/2012DutchPDF
Full model31/12/201029/04/201121/06/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 36 ended

Active mandates

Andries Teerlynck

Director · since 01 avril 2025 · until 08 mai 2030

Active
Vanessa Vanleene

Director · since 12 octobre 2024 · until 08 mai 2030

Active
Charles Libert

Director · since 07 septembre 2023 · until 08 mai 2030

Active
Peter Goderis

Director · since 31 décembre 2019 · until 31 mars 2025

Active
ELICIO

Director · since 01 juillet 2018 · until 08 mai 2030 · 0552.775.977

Represented by Peter Goderis (vanaf 01/04/2025)

Active
TINC

Director · since 01 juillet 2018 · until 08 mai 2030 · 0894.555.972

Represented by Felix Heylen (vanaf 21/03/2025)

Active

Ended mandates

Charles Libert

Director · since 07 septembre 2023 · until 29 avril 2024

Ended
Frederic Teerlynck

Director · since 31 décembre 2019 · until 29 avril 2024

Ended
Frederic Teerlynck

Director · since 31 décembre 2019 · until 12 octobre 2024

Ended
Peter Goderis

Director · since 31 décembre 2019 · until 29 avril 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares16/06/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates22/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares26/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates26/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025318,8 k €↓
  2. 2024
    Annual accounts 2024612,5 k €↓
  3. 2023
    Annual accounts 20231,1 M €↑
  4. 2022
    Annual accounts 2022-124,1 k €↓
  5. 2021
    Annual accounts 2021237,6 k €↓
  6. 2020
    Annual accounts 2020852,6 k €↓
  7. 2019
    Annual accounts 2019871,4 k €↑
  8. 2018
    Annual accounts 2018127,6 k €↓
  9. 2017
    Annual accounts 2017205,5 k €↑
  10. 2016
    Annual accounts 2016-192,8 k €↓
  11. 2015
    Annual accounts 2015280,5 k €↑
  12. 2014
    Annual accounts 2014138,6 k €↑
  13. 2013
    Annual accounts 2013108,4 k €↓
  14. 2013
    Name changeElicio Berlare
  15. 2012
    Annual accounts 2012158,2 k €↑
  16. 2011
    Annual accounts 2011-98,4 k €↓
  17. 2010
    Annual accounts 2010-9 k €
  18. 2010
    Name changeELECTRAWINDS WINDPARK BERLARE
  19. 24/04/2009
    IncorporationPublic limited company