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WM Elan

Active
Private limited companyfounded 1923active for 103 yearsKortrijkstraat(Z) 117, 8550 Zwevegem, BelgiumKBO/BCE: BE 0405.412.092
Summary

WM Elan has been active since 1923 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40.3m and a net result of €1.7m, of which €2.1m non-recurring income. Equity is growing by about 9.2% per year across the filed financial years. Its solvency ranks better than 35% of 5,776 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
WM ElanActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Activity
Real estate activities
NACE 68202
Oldest company in Zwevegem2 sites
Size
€11.0mturnover 2025
Staff
26.8 FTE
Equity
€40.3m
Profit
€1.7m
Net result +232%: branch received
Financial health
89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Board
28 members
Auditor: CALLENS VANDELANOTTE2025 accounts 57 days early14 of 34 deeds summarised
Why 89raises riskEquity €40.3m (22.5% of total assets)Liquidity: current ratio 2.08, cash €9.9m, halved2 establishment unitslowers riskSize: turnover €11.0m, 26.8 FTE, total assets €179.4mShow the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 63% of its sector peers (NACE 68, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 47-1
equity 22.5% of total assets
Liquidity 57-12
short-term debt 7.1% · cash 5.5%
Profitability 60+2
return on assets 0.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,986 companies, NACE 68, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit of up to €1,050,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.08, compared with 3.95 in 2024, above the usual 1.5; short-term debt: 7.1% and cash: 5.5% of total assets), but 77.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 42% on solvency, 83% on liquidity, 59% on profitability and 67% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Equity €40.3m (22.5% of total assets)
NBB · annual accounts
lowers risk · Size: turnover €11.0m, 26.8 FTE, total assets €179.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.08, cash €9.9m, halved
NBB · annual accounts
raises risk · 2 establishment units
KBO · seat and establishments
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 filings
Deviation from the deadline
2025
57 days early
2024
50 days early
2023
27 days early
2022
94 days early
2021
41 days early
2020
47 days early
2019
51 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 52 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Capital & sharesShare cancellation · Amendment of…
  3. Capital & shares · RestructuringAuditor report · Demerger ·…

Key points

  • Result rose in 2025branch received from SW+ ▲ 232% View
  • Positive: Oldest company in Zwevegemin the Checked rankings No. 1 View
  • Flemish supportawarded from 2022 to 2025 €10.5m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 4 years of growth in a rowturnover 2025: €11.0m 4 years View
  • Branch taken over from SW+takeover on 16-04-2025 2025 View
  • Active since 1923founded 14-01-1923 103 years View

By topic

Financials

Financial year
2025
Turnover
€11.0m
Profit
€1.7m
Solvency
22.5%
Turnover▲ 10.9%
Net result
20182025
Go to Financials

Board & ownership

Board
28 members
Auditor
CALLENS VANDELANOTTE
  • Roobrouck NeleChair
  • Bossuyt ErwinChair
  • Dujardin JeroenDirector
  • Van Haverbeke EvelineDirector
  • Ann MesselierDirector

and 23 other directors

Go to Board & ownership

Timeline

Events
67
Since
1978
Next accounts
by 31-07-2027
  1. 18-06-2025Appointments: Demeulenaere Barbara, Decruyenaere Evelyn and 13…
  2. 11-06-2025Annual accounts filed
  3. 28-04-2025Amendment of the articles · Restructuring
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Real estate activitiesNACE 68202
Founded
14-01-1923
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
33
Annual meeting
First Tuesday of June at 19:00
Purpose
“1° het verbeteren van de woonvoorwaarden van de woonbehoeftige gezinnen en…” (deed in Dutch)
Go to Articles of association

Key facts about WM Elan

What is the company number of WM Elan?
0405.412.092. In Belgium the VAT number is the company number with BE in front: BE 0405.412.092.
Where is WM Elan based?
The registered office is at Kortrijkstraat(Z) 117, 8550 Zwevegem.Company details
What does WM Elan do?
According to the KBO register, the main activity is real estate activities (NACE 68202).
What is the legal form of WM Elan?
Private limited company (BV).
When was WM Elan founded?
On 14-01-1923.
Is WM Elan still active?
Yes, WM Elan is an active enterprise in the KBO register.
How many employees does WM Elan have?
On average 26.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of WM Elan?
€11.0m in financial year 2025, according to the filed annual accounts.
Is WM Elan profitable?
In financial year 2025, WM Elan made a profit of €1.7m.
Where can I find the annual accounts of WM Elan?
WM Elan filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WM Elan due?
By 31-07-2027, for financial year 2026.Timeline

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