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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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ELNU from Oostende, company number BE0834266910, closed financial year 2025 with a result of € 19.6 million after tax. Compared with financial year 2024, the result moved from € 37 million to € 19.6 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 24.6 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19.6 million
▼ 47% vs 2024
Profit after tax over the fiscal year.
€ 11,357
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 20.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,956
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 18,987,287 | € 38,539,362 | € 37,033,730 | € 19,624,249 | ▼ 47% |
| Equity | € 28,847,226 | € 20,436,587 | € 25,490,317 | € 24,639,566 | ▼ 3% |
| Total debts | € 11,702,268 | € 20,152,321 | € 15,184,849 | € 15,949,956 | ▲ 5% |
| Cash | € 32,994 | € 22,817 | € 61,528 | € 11,357 | ▼ 82% |
| Retained profit | € 13,847,226 | € 5,436,587 | € 10,490,317 | € 9,639,566 | ▼ 8% |
| Dividend | € 25,300,000 | € 46,950,000 | € 31,980,000 | € 20,475,000 | ▼ 36% |
| Balance sheet total | € 40,549,494 | € 40,588,908 | € 40,675,166 | € 40,589,522 |
Key figures of ELNU, 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 ELNU?
What happened at ELNU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vanessa Vanleene stepped down as director. NBB
- Ellen Deprez stepped down as director. NBB
- Elicio Nv stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 19.6 million (▼ 47% vs 2024). Source: NBB ↗
- Peter Goderis stepped down as director. NBB
- Vanessa Vanleene became a director. NBB
- Ellen Deprez became a director. NBB
- Peter Goderis became a director. NBB
In short
From € 19 million profit in 2022 to € 19.6 million profit in 2025.
Best year ever: 2023, with € 38.5 million profit.
Paid out € 124.7 million in dividends to the owners in total.
Pays suppliers within 85 days on average.
Management
The shares are held by Elicio NV (100%). It owns 50% of Norther itself.
Directors
According to the 2025 annual accounts
Vanessa Vanleene
Director
Also active at: ELICIO PLUS, Elicio Plateau de Bassenge, Elicio Wind For Water, ElNu2sea, Elicio Vents d'Ardenne, ELICIO BERLARE, Elicio Maldegem, ELICIO OFFSHORE +5 more
since 2024 · until 2030
since 2019 · until 2030
Director · represented by Alain Janssens (tot 31/03/2025), Peter Goderis (vanaf 01/04/2025)
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 +5 more
since 2018 · until 2030
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 2019 · until 2025
Shareholders
100%
Participations
50%
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
ElNu2sea same network
+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
- 0834.266.910
- VAT number
- BE 0834.266.910
- Registered office
- John Cordierlaan 9, 8400 Oostende
- Names & denominations
- ELNU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 2011
- Peppol
- Active · Active since 9 Dec 2025
- Contact
- [email protected]