ELICIO is an engineering firm in Oostende. Public Limited, started on 16 May 2014, 2 establishments.

What is the address of ELICIO?

The registered office of ELICIO is located at John Cordierlaan 9, 8400 Oostende.

Is ELICIO still active?

Yes. According to the CBE (29 October 2026) ELICIO is active, legal situation “Normale toestand”, started on 16 May 2014.

Is ELICIO registered on Peppol?

Yes, ELICIO is registered on the Peppol network with ID 0208:0552775977.

What is the enterprise number of ELICIO?

The enterprise number of ELICIO is BE0552775977.

When was ELICIO founded?

ELICIO was founded on 16 May 2014.

Who are the directors of ELICIO?

According to the 2025 annual accounts, the directors of ELICIO are: Grégory Demal, Julie Fernandez, Martin Jadin, Luc Gillard, Bertrand Demonceau, Jean-Pierre Hansen, Jean-Marie Breban, Muriel Gerkens.

Is ELICIO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 16 May 2014; 5 annual accounts filed, latest fiscal year 2025; 9 directors known from the annual account; 2 establishments in the CBE.

How much profit did ELICIO make in 2025?

ELICIO posted a profit after taxes of € 32,798,030 in financial year 2025.

What is the revenue of ELICIO?

In its most recent annual accounts (2025), ELICIO reported revenue of € 5,441,148.

How much does an employee at ELICIO earn?

The average wage cost per full-time employee at ELICIO was € 152,200 in 2025: staff costs of € 7.6 million for 50 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ELICIO have?

According to the 2025 annual accounts, ELICIO has 50 full-time equivalents (FTE).

ELICIO (Public Limited) - Oostende - BE0552775977

Dossier ELICIO, printed on 29 October 2026 from databakkes.be/en/0552775977/elicio. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

13 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

ELICIO from Oostende, company number BE0552775977, closed financial year 2025 with a result of € 32.8 million after tax. For that financial year ELICIO recorded revenue of € 5.4 million and equity of € 271.1 million. Compared with financial year 2024, the result moved from € 65.9 million to € 32.8 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.

What it is worth Growing

€ 271.1 million

▲ 3% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 32.8 million

▼ 50% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 18.3 million

▲ 28% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 25 million paid out

76 % of the profit went to the shareholders, mostly to Nethys (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

▲ 4.8 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 5 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 7.6 million

▲ 14% vs 2024

€ 152,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 304,551

▲ 11% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 424,992

▼ 25% vs 2024

€ 141,664 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 836,452

▲ 85% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 61 days on average.

Taxes and wages

€ 1.4 million

▲ 12% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 2,005,862 Revenue 2022: € 2,005,862 First fiscal year in the series	€ 2,392,159 Revenue 2023: € 2,392,159 ▲ 19% vs 2022 (€ 2,005,862) Favourable step	€ 2,640,903 Revenue 2024: € 2,640,903 ▲ 10% vs 2023 (€ 2,392,159) Favourable step	€ 5,441,148 Revenue 2025: € 5,441,148 ▲ 106% vs 2024 (€ 2,640,903) Favourable step	▲ 106%
Profit after taxes	€ 32,926,081 Profit after taxes 2022: € 32,926,081 First fiscal year in the series	€ 47,707,506 Profit after taxes 2023: € 47,707,506 ▲ 45% vs 2022 (€ 32,926,081) Favourable step	€ 65,916,020 Profit after taxes 2024: € 65,916,020 ▲ 38% vs 2023 (€ 47,707,506) Favourable step	€ 32,798,030 Profit after taxes 2025: € 32,798,030 ▼ 50% vs 2024 (€ 65,916,020) Unfavourable step	▼ 50%
Equity	€ 166,782,503 Equity 2022: € 166,782,503 First fiscal year in the series	€ 227,347,282 Equity 2023: € 227,347,282 ▲ 36% vs 2022 (€ 166,782,503) Favourable step	€ 263,263,302 Equity 2024: € 263,263,302 ▲ 16% vs 2023 (€ 227,347,282) Favourable step	€ 271,061,332 Equity 2025: € 271,061,332 ▲ 3% vs 2024 (€ 263,263,302) Favourable step	▲ 3%
Total debts	€ 60,491,665 Total debts 2022: € 60,491,665 First fiscal year in the series	€ 33,165,314 Total debts 2023: € 33,165,314 ▼ 45% vs 2022 (€ 60,491,665) Favourable step	€ 32,718,787 Total debts 2024: € 32,718,787 ▼ 1% vs 2023 (€ 33,165,314) Favourable step	€ 28,058,386 Total debts 2025: € 28,058,386 ▼ 14% vs 2024 (€ 32,718,787) Favourable step	▼ 14%
Cash	€ 32,548,056 Cash 2022: € 32,548,056 First fiscal year in the series	€ 6,784,666 Cash 2023: € 6,784,666 ▼ 79% vs 2022 (€ 32,548,056) Unfavourable step	€ 14,276,093 Cash 2024: € 14,276,093 ▲ 110% vs 2023 (€ 6,784,666) Favourable step	€ 18,319,707 Cash 2025: € 18,319,707 ▲ 28% vs 2024 (€ 14,276,093) Favourable step	▲ 28%
Land & buildings	€ 1,800,487 Land & buildings 2022: € 1,800,487 First fiscal year in the series	€ 1,695,824 Land & buildings 2023: € 1,695,824 ▼ 6% vs 2022 (€ 1,800,487) Unchanged	€ 3,034,984 Land & buildings 2024: € 3,034,984 ▲ 79% vs 2023 (€ 1,695,824) Unchanged	€ 2,923,531 Land & buildings 2025: € 2,923,531 ▼ 4% vs 2024 (€ 3,034,984) Unchanged	▼ 4%
Retained profit	€ 18,288,029 Retained profit 2022: € 18,288,029 First fiscal year in the series	€ 35,852,808 Retained profit 2023: € 35,852,808 ▲ 96% vs 2022 (€ 18,288,029) Favourable step	€ 71,768,828 Retained profit 2024: € 71,768,828 ▲ 100% vs 2023 (€ 35,852,808) Favourable step	€ 79,566,858 Retained profit 2025: € 79,566,858 ▲ 11% vs 2024 (€ 71,768,828) Favourable step	▲ 11%
Dividend	€ 7,900,000 Dividend 2022: € 7,900,000 First fiscal year in the series	€ 30,000,000 Dividend 2023: € 30,000,000 ▲ 280% vs 2022 (€ 7,900,000) Unchanged	€ 30,000,000 Dividend 2024: € 30,000,000 Unchanged (€ 30,000,000) Unchanged	€ 25,000,000 Dividend 2025: € 25,000,000 ▼ 17% vs 2024 (€ 30,000,000) Unchanged	▼ 17%
Bank debt	€ 53,828,220 Bank debt 2022: € 53,828,220 First fiscal year in the series	€ 708,320 Bank debt 2023: € 708,320 ▼ 99% vs 2022 (€ 53,828,220) Favourable step	€ 566,656 Bank debt 2024: € 566,656 ▼ 20% vs 2023 (€ 708,320) Favourable step	€ 424,992 Bank debt 2025: € 424,992 ▼ 25% vs 2024 (€ 566,656) Favourable step	▼ 25%
Balance sheet total	€ 228,597,168 Balance sheet total 2022: € 228,597,168 First fiscal year in the series	€ 261,277,184 Balance sheet total 2023: € 261,277,184 ▲ 14% vs 2022 (€ 228,597,168) Unchanged	€ 296,755,641 Balance sheet total 2024: € 296,755,641 ▲ 14% vs 2023 (€ 261,277,184) Unchanged	€ 299,896,569 Balance sheet total 2025: € 299,896,569 ▲ 1% vs 2024 (€ 296,755,641) Unchanged	▲ 1%
Employees (FTE)	37.3 Employees (FTE) 2022: 37.3 First fiscal year in the series	42.8 Employees (FTE) 2023: 42.8 ▲ 5.5 vs 2022 (37.3) Unchanged	45.2 Employees (FTE) 2024: 45.2 ▲ 2.4 vs 2023 (42.8) Unchanged	50 Employees (FTE) 2025: 50 ▲ 4.8 vs 2024 (45.2) Unchanged	▲ 4.8

Key figures of ELICIO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to ELICIO?

What happened at ELICIO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Grégory Demal stepped down as director. NBB
2031 Julie Fernandez stepped down as director. NBB
2031 Martin Jadin stepped down as director. NBB
2031 Jean-Pierre Hansen stepped down as director. NBB
2031 Jean-Marie Breban stepped down as director. NBB
2031 Muriel Gerkens stepped down as director. NBB
2031 Laurent Levaux stepped down as director. NBB
Jun 16, 2026 New annual accounts for financial year 2025: profit of € 32.8 million (▼ 50% vs 2024). Source: NBB ↗

In short

From € 32.9 million profit in 2022 to € 32.8 million profit in 2025.

Paid € 33,788 in corporate taxes since 2022.

Best year ever: 2024, with € 65.9 million profit.

Paid out € 92.9 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Nethys 100%

ELICIO

Elicio SLH 100%

Elicio France SAS 100%

Elicio Eolica 100%

Elicio Plus 100%

+20

The shares are held by Nethys (100%). It owns 100% of Elicio SLH, 100% of Elicio France SAS, 100% of Elicio Eolica, 100% of Elicio Plus, 100% of Elicio Ali d.o.o. and 100% of Elicio Plateau de Bassenge itself.

Directors

According to the 2025 annual accounts

Grégory Demal

Director

Also active at: PUBLIPART

since 2025 · until 2031

Julie Fernandez

Director

since 2025 · until 2031

Martin Jadin

Director

since 2025 · until 2031

Luc Gillard

Director

Also active at: Compagnie Intercommunale Liégeoise des Eaux, ENODIA, Fédération du Tourisme de la Province de Liège, Orchestre philharmonique Royal de Liège, THEATRE DE LIEGE ASBL - Centre dramatique de la Fédération wallonie - Bruxelles - Centre européen de création théâtrale et chorégraphique, ASSOCIATION POUR LA GESTION DU CHATEAU DE JEHAY, NETHYS, RESA Innovation et Technologie +3 more

since 2022 · until 2025

Bertrand Demonceau

Director

Also active at: PUBLILEC, BETV, NETHYS, VOO S.A., VOO Holding, WALLONIE BRUXELLES CONTACT CENTER, NeWIN, PHENIX DATA CENTER +2 more

since 2025 · until 2026

Jean-Pierre Hansen

Director

Also active at: Fondation Francqui, SOCIETE PUBLIQUE DE GESTION DE L'EAU, CREDIS, NETHYS, NeWIN, PHENIX DATA CENTER, Wallonie Data Center

since 2025 · until 2031

Jean-Marie Breban

Director

Also active at: WE Environnement, PUBLIGAS, C - Power, PUBLI-T

since 2025 · until 2031

Muriel Gerkens

Director

Also active at: ECETIA INTERCOMMUNALE, Oxfam-Magasins du monde, Travail et Autonomie pour personnes Handicapés, NETHYS, Aux Vents de Liège, NeWIN, PHENIX DATA CENTER, Wallonie Data Center

since 2025 · until 2031

Laurent Levaux

Director

since 2025 · until 2031

Shareholders

Nethys

100%

Participations

Elicio SLH

100%

Elicio France SAS

100%

Elicio Eolica

100%

Elicio Plus

100%

Elicio Ali d.o.o.

100%

Elicio Plateau de Bassenge

100%

Elicio WP

100%

Elicio Vetropark Nadel d.o.o.

100%

Elicio Vent de Hesbaye

100%

Elicio Offshore

100%

Elicio Vents d'Ardenne

100%

ELNU

100%

Elicio Vetropark Juzni Banat D.o.o.

100%

Elicio Wind d.o.o.

100%

Elicio Vetropark Nadel Starce d.o.o.

100%

Elicio Vent de Sambre

100%

Elicio Power In Motion

100%

Elicio Mali WF d.o.o.

100%

Electrawinds Kenya

99%

Elicio Wind for Water

80%

60%

60%

51%

51%

Establishments

Establishment units

Physical locations of this company

Registered office

John Cordierlaan 9

8400 Oostende

2.360.795.797

Boulevard Piercot 46

4000 Liège

Active since 4 April 2024

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.

All companies at this address →

ELICIO PLUS same network

€ 231,369 gross margin · 2025

Elicio Plateau de Bassenge same network

€ 4.1 million gross margin · 2025

Elicio Wind For Water same network

€ 290,936 gross margin · 2025

ElNu2sea same network

Elicio SLH same network

€ 771,229 gross margin · 2025

+8 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0552.775.977

VAT number

BE 0552.775.977

Registered office

John Cordierlaan 9, 8400 Oostende

Names & denominations

ELICIO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

16 May 2014

Peppol

Active · Active since 9 Dec 2025

Activities · NACE

Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Productie van elektriciteit uit niet-hernieuwbare bronnen

Handel in elektriciteit

Transmissie van elektriciteit

View on CBE Public ↗ Annual accounts (NBB) ↗

ELICIO

Warning lights

Financials

What happened to ELICIO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions