Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ElNu2sea from Oostende, company number BE0779421724, closed financial year 2025 with a result of € -48,637 after tax. Compared with financial year 2024, the result moved from € -13,324 to € -48,637. The company made a loss. 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 15, 2026.
€ 31.9 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,637
▼ 265 % more loss than in 2024
Profit after tax over the fiscal year.
€ 9,738
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -753,782.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,155
▲ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 67 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -716,189 | € 24,368 | € -13,324 | € -48,637 | ▼ € 35,314 |
| Equity | € 17,301,311 | € 22,950,679 | € 26,112,356 | € 31,863,718 | ▲ 22% |
| Total debts | € 10,677 | € 2,321 | € 4,723 | € 7,332 | ▲ 55% |
| Cash | € 1,222,344 | € 248,740 | € 183,733 | € 9,738 | ▼ 95% |
| Retained profit | € -716,189 | € -691,821 | € -705,144 | € -753,782 | ▼ € 48,637 |
| Balance sheet total | € 17,311,988 | € 22,953,000 | € 26,117,078 | € 31,871,050 | ▲ 22% |
Key figures of ElNu2sea, 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 ElNu2sea?
What happened at ElNu2sea in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vanessa Vanleene stepped down as director. NBB
- Emmanuel Van Vyve stepped down as director. NBB
- Ludo Kelchtermans stepped down as director. NBB
- Nubema NV stepped down as director. NBB
- Peter Goderis stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 48,637. Source: NBB ↗
- Emmanuel Van Vyve became a director. NBB
- Alain Janssens stepped down as director. NBB
In short
From € 716,189 loss in 2022 to € 48,637 loss in 2025.
Best year ever: 2023, with € 24,368 profit.
Pays suppliers within 67 days on average.
Management
The shares are held by Elicio NV (51%) and Wind en Water Energie Producent NV (49%). It owns 33.3% of Buchan Offshore Wind Ltd itself.
Directors
According to the 2025 annual accounts
Vanessa Vanleene
Director
Also active at: ELICIO PLUS, Elicio Plateau de Bassenge, Elicio Wind For Water, Elicio Vents d'Ardenne, ELICIO BERLARE, Elicio Maldegem, ELICIO OFFSHORE, ELNU +5 more
since 2024 · until 2027
Alain Janssens
Director
Also active at: ELICIO PLUS, Elicio Plateau de Bassenge, Elicio Wind For Water, Elicio Vents d'Ardenne, Elicio SLH, ELICIO BERLARE, Elicio Maldegem, ELICIO OFFSHORE +3 more
since 2021 · until 2025
Emmanuel Van Vyve
Director
Also active at: Elicio Vents d'Ardenne, EDORA - Fédération de l'Energie D'Origine Renouvelable et Alternative, Elicio Vent de Hesbaye
since 2025 · until 2027
Ludo Kelchtermans
Director
Also active at: FLUXYS BELGIUM, L.K.C., CIPAL, LIZEL, VLAAMSE ENERGIEHOLDING, 3E, HOPPE, C - Power +19 more
since 2021 · until 2027
Director · represented by Peter Jans
Also active at: ECOO Recycling, WIND EN WATER ENERGIE PRODUCENT, C - Power, C-POWER HOLDCO, NUHMERIS, NUHMA DC, HERKENRODE REAL ESTATE, MyCSN +7 more
since 2021 · until 2027
Peter Goderis
Director
Also active at: ELICIO PLUS, SeaMade, PE, NOVEN, OTARY BIS, NORTH SEA WAVE, Elicio Plateau de Bassenge, Elicio Wind For Water +12 more
since 2022 · until 2027
Shareholders
Participations
Buchan Offshore Wind Ltd
33.3%
Establishments
Establishment units
Physical locations of this company
John Cordierlaan 9
8400 Oostende
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 same network
€ 5.4 million revenue · 2025
Elicio Plateau de Bassenge same network
€ 4.1 million gross margin · 2025
Elicio Wind For Water same network
€ 290,936 gross margin · 2025
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
- 0779.421.724
- VAT number
- BE 0779.421.724
- Registered office
- John Cordierlaan 9, 8400 Oostende
- Names & denominations
- ElNu2sea
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2021
- Peppol
- Active · Active since 9 Dec 2025