ELIA GRID INTERNATIONAL
ActiveELIA GRID INTERNATIONAL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.98M and a net result of €262k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 62% of 3175 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-64
Solvency91▼-5
Growth64▼-10
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 2.89 against 3.63 in 2024; short-term debt: 31.5% and cash: 6.6% of total assets), and 33.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.4%
Return on assets
1.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
43 d late
2023
37 d early
2022
47 d early
2021
37 d early
2020
81 d early
2019
79 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.26M▲ 59.8%
2024 · €8.92M
2018: €5.00M
2019: €1.12M
2020: €4.06M
2021: €1.34M
2022: €3.32M
2023: €10.77M
2024: €8.92M
2018 → 2025
EBIT margin
-2.5%▼ 18.3pp
2024 · 15.8%
2018: -7.7%
2019: -52.5%
2020: -15.7%
2021: -75.5%
2022: -11.2%
2023: 31.6%
2024: 15.8%
2018 → 2025
Net result
€262k▼ 76.1%
2024 · €1.09M
2018: €580k
2019: €-667k
2020: €131k
2021: €-10k
2022: €534k
2023: €3.80M
2024: €1.09M
2018 → 2025
Working capital
€8.05M▲ 0.8%
2024 · €7.99M
2018: €2.62M
2019: €1.83M
2020: €2.07M
2021: €1.93M
2022: €2.53M
2023: €6.41M
2024: €7.99M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.34M-€3.32M▲ 147%€10.77M▲ 224%€8.92M▼ 17.2%€14.26M▲ 59.8%
Equity€3.29M-€3.82M▲ 16.2%€7.62M▲ 99.5%€8.72M▲ 14.3%€8.98M▲ 3.0%
Operating result€-1.02M-€-372k▲ 63.4%€3.41M€1.41M▼ 58.8%€-362k
Net result€-10k-€534k€3.80M▲ 612%€1.09M▼ 71.2%€262k▼ 76.1%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €362k after €1.41M in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.52M
Fixed assets
€1.21M▼ 2.8%
Current assets
€12.31M▲ 11.7%
Equity and liabilities €13.52M
Equity
€8.98M▲ 3.0%
Debt
€4.54M▲ 27.9%
The debt ratio rises from 28.9% to 33.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-313k▼
2024 · €1.48M
Cash flow
€310k▼
2024 · €1.17M
Solvency
66.4%▼
2024 · 71.1%
Current ratio
2.89▼
2024 · 3.63
Quick ratio
2.32▼
2024 · 2.98
Debt / equity
0.51▲
2024 · 0.41
ROE
2.9%▼
2024 · 12.5%
ROA
1.9%▼
2024 · 8.9%
Interest coverage
-24878.37▼
2024 · 188.76
Debt
€4.54M▲
2024 · €3.55M
Debt ≤ 1 year
€4.25M▲
2024 · €3.03M
Income taxes
€2k▼
2024 · €220k
Staff costs
€5.66M▲
2024 · €4.48M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.26M€13.52M▲
Fixed assets21/28€1.24M€1.21M▼
Intangible fixed assets21€30k€11k▼
Tangible fixed assets22/27€57k€32k▼
Furniture and vehicles24€50k€26k▼
Other tangible fixed assets26€7k€5k▼
Financial fixed assets28€1.16M€1.17M▲
Affiliated companies280/1€1.14M€1.14M=
Participating interests280€1.14M€1.14M=
Other financial fixed assets284/8€18k€28k▲
Amounts receivable and cash guarantees285/8€18k€28k▲
Current assets29/58€11.02M€12.31M▲
Stocks and contracts in progress3€1.97M€2.45M▲
Contracts in progress37€1.97M€2.45M▲
Amounts receivable within one year40/41€5.60M€7.59M▲
Trade receivables40€4.21M€5.24M▲
Other amounts receivable41€1.39M€2.35M▲
Current investments50/53€1.00M€1.17M▲
Other investments51/53€1.00M€1.17M▲
Cash at bank and in hand54/58€2.07M€896k▼
Deferred charges and accrued income490/1€382k€202k▼
Equity and liabilities
Total equity and liabilities10/49€12.26M€13.52M▲
Equity10/15€8.72M€8.98M▲
Contributions10/11€5.00M€5.00M=
Capital10€5.00M€5.00M=
Issued capital100€5.00M€5.00M=
Reserves13€1.19M€1.21M▲
Non-distributable reserves130/1€195k€208k▲
Legal reserve130€195k€208k▲
Tax-exempt reserves132€998k€998k=
Profit (loss) carried forward14€2.53M€2.77M▲
Amounts payable17/49€3.55M€4.54M▲
Amounts payable within one year42/48€3.03M€4.25M▲
Financial debts43€0-
Other loans439€0-
Trade debts44€1.48M€2.34M▲
Suppliers440/4€1.48M€2.34M▲
Advances received on contracts in progress46€487k€309k▼
Taxes, remuneration and social security45€1.07M€1.60M▲
Taxes450/3€88k€67k▼
Remuneration and social security454/9€977k€1.54M▲
Other amounts payable47/48-€1k
Accrued charges and deferred income492/3€513k€282k▼
Income statement
Code20242025
Operating income70/76A€13.87M€12.93M▼
Turnover70€8.92M€14.26M▲
Change in stocks of work in progress, finished goods and contracts in progress71€3.28M€-2.51M▼
Other operating income74€1.66M€1.19M▼
Operating charges60/66A€12.46M€13.29M▲
Services and other goods61€7.53M€7.45M▼
Remuneration, social security and pensions62€4.48M€5.66M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€48k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€384k€133k▼
Operating profit (loss)9901€1.41M€-362k▼
Financial income75/76B€1.30M€1.16M▼
Recurring financial income75€1.30M€1.16M▼
Income from financial fixed assets750€1.00M€1.00M=
Income from current assets751€44k€29k▼
Other financial income752/9€259k€132k▼
Financial charges65/66B€1.39M€536k▼
Recurring financial charges65€1.39M€536k▼
Debt charges650€8k€13▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€1.12M-
Other financial charges652/9€272k€536k▲
Profit (loss) for the period before taxes9903€1.31M€263k▼
Income taxes67/77€220k€2k▼
Taxes670/3€239k€2k▼
Tax adjustments and reversals of tax provisions77€18k-
Profit (loss) for the period9904€1.09M€262k▼
Transfer to tax-exempt reserves689€998k-
Profit (loss) for the period to be appropriated9905€96k€262k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.53M€2.79M▲
Profit (loss) brought forward from the previous period14P€2.43M€2.53M▲
Transfer to equity691/2€5k€13k▲
To the legal reserve6920€5k€13k▲
Social balance
Average headcount (FTE)908724.930.6▲
The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 43 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 3.63
Current ratio from 1.41 to 3.63; short-term debt falls from €15.76M to €3.03M.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €3.80M ▲612%
Operating result €3.41M, net result €3.80M, both a record.
31-12
Financial
Equity above €5MEq €7.62M ▲99.5%
2 profitable years in a row build equity to €7.62M.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €534k
Net result €534k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €131k
Net result €131k after one loss-making year.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-667k ▼215%
Net result drops to €-667k, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
03-09-2025
BERGER Markus: Resigned as Director
17-04-2025
Catherine Vandenborre: Resigned as Director
01-11-2023
Chris Peeters: Resigned as Director
29-04-2021
Frank Horst Golletz: Resigned as Director
01-03-2019
Boris Schucht: Resigned as Director
20-06-2018
Ricardo Barreto: Resigned as Manager
15-02-2017
BERGER Markus: Resigned as Manager
06-07-2015
Monticello SPRL: Resigned as Director
11-03-2015
Jonas Pappens: Resigned as Director
05-03-2015
Jacques Vandermeiren: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Keizerslaan 201000 BrusselGround area
3,873 m²
Building footprint
3,509 m²
Volume, LiDAR
113,283 m³
2 parcels, Brussels · tallest building 88.8 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
ELIA GRID INTERNATIONAL
since 20142.228.654.875
ELIA GRID INTERNATIONAL
since 20142.231.867.060
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1372/00K000 | Brussels | 2,159 m² | 1 · 2,113 m² | 88.8 m · 7 fl. |
| 21808H1784/00L000 | Brussels | 1,714 m² | 1 · 1,396 m² | 32.8 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
1 auditor| Ernst & Young Réviseurs d'Entreprises SCCRL Statutory auditor · represented by Marnix Van Dooren | - → 20-12-2017 |
Structure & network
Group per the LEI register
1 parent companyParent company:ELIA GROUP
Public money · subsidies and aid
European Union, budget
2021 · 1 entry| Year | Entries | awarded |
|---|---|---|
| 2021 | 1 | 0 EUR |
Projects
BETTER SERVICES FOR CONSUMERS IN THE REFORMED ENERGY MARKETS
European research
1 project · 15,684 EUR EU contributionProgrammes
HORIZON
Projects
Enabling interoperability of multi-vendor HVDC grids
Recognitions · licences · registrations
Legal Entity Identifier
549300LOBSQ68E293Q14
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 7,377 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-03-2014
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.