What does WM Elan do?

WM Elan is a property company in Zwevegem. Private Limited, started on 14 January 1923, 2 establishments.

What is the address of WM Elan?

The registered office of WM Elan is located at Kortrijkstraat(Z) 117, 8550 Zwevegem.

Is WM Elan still active?

Yes. According to the CBE (29 October 2026) WM Elan is active, legal situation “Normale toestand”, started on 14 January 1923.

Is WM Elan registered on Peppol?

Yes, WM Elan is registered on the Peppol network with ID 0208:0405412092.

What is the enterprise number of WM Elan?

The enterprise number of WM Elan is BE0405412092.

When was WM Elan founded?

WM Elan was founded on 14 January 1923.

Who are the directors of WM Elan?

According to the 2025 annual accounts, the directors of WM Elan are: Nele ROOBROUCK, Willy Glorieux, Hilde Dendauw, Trees Vandeputte, Tim Verthé, Ann Derycke, Erwin Bossuyt, Barbara Demeulenaere.

Is WM Elan a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 January 1923; 4 annual accounts filed, latest fiscal year 2025; 16 directors known from the annual account; 2 establishments in the CBE.

How much profit did WM Elan make in 2025?

WM Elan posted a profit after taxes of € 1,657,825 in financial year 2025.

What is the revenue of WM Elan?

In its most recent annual accounts (2025), WM Elan reported revenue of € 10,963,582.

How much does an employee at WM Elan earn?

The average wage cost per full-time employee at WM Elan was € 83,700 in 2025: staff costs of € 2.2 million for 26.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does WM Elan have?

According to the 2025 annual accounts, WM Elan has 26.8 full-time equivalents (FTE).

WM Elan (Private Limited) - Zwevegem - BE0405412092

Dossier WM Elan, printed on 29 October 2026 from databakkes.be/en/0405412092/wm-elan. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

WM Elan from Zwevegem, company number BE0405412092, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year WM Elan recorded revenue of € 11 million and equity of € 40.3 million. Compared with financial year 2024, the result moved from € 499,290 to € 1.7 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.

What it is worth Growing

€ 40.3 million

▲ 4% vs 2024

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

Profit Growing

€ 1.7 million

▲ 232% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 9.9 million

▼ 61% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 32 million.

People and assets in 2025

Full-time equivalents

26.8

▲ 4.3 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: € 3.9 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.2 million

▲ 12% vs 2024

€ 83,700 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

€ 187,747

▲ 7% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 13 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.

€ 131.6 million

▲ 7% vs 2024

€ 9.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.

Owed to suppliers

€ 1.4 million

▲ 11% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 130 days on average.

Taxes and wages

€ 1.4 million

▲ 30% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2024	2025	Change 2024 → 2025
Revenue	€ 5,633,455 Revenue 2021: € 5,633,455 First fiscal year in the series	€ 5,693,270 Revenue 2022: € 5,693,270 ▲ 1% vs 2021 (€ 5,633,455) Favourable step	€ 9,886,881 Revenue 2024: € 9,886,881 ▲ 74% vs 2022 (€ 5,693,270) Favourable step	€ 10,963,582 Revenue 2025: € 10,963,582 ▲ 11% vs 2024 (€ 9,886,881) Favourable step	▲ 11%
Profit after taxes	€ 1,588,936 Profit after taxes 2021: € 1,588,936 First fiscal year in the series	€ 1,156,867 Profit after taxes 2022: € 1,156,867 ▼ 27% vs 2021 (€ 1,588,936) Unfavourable step	€ 499,290 Profit after taxes 2024: € 499,290 ▼ 57% vs 2022 (€ 1,156,867) Unfavourable step	€ 1,657,825 Profit after taxes 2025: € 1,657,825 ▲ 232% vs 2024 (€ 499,290) Favourable step	▲ 232%
Equity	€ 25,754,402 Equity 2021: € 25,754,402 First fiscal year in the series	€ 26,876,363 Equity 2022: € 26,876,363 ▲ 4% vs 2021 (€ 25,754,402) Favourable step	€ 38,559,133 Equity 2024: € 38,559,133 ▲ 43% vs 2022 (€ 26,876,363) Favourable step	€ 40,289,353 Equity 2025: € 40,289,353 ▲ 4% vs 2024 (€ 38,559,133) Favourable step	▲ 4%
Total debts	€ 61,003,277 Total debts 2021: € 61,003,277 First fiscal year in the series	€ 67,518,201 Total debts 2022: € 67,518,201 ▲ 11% vs 2021 (€ 61,003,277) Unfavourable step	€ 127,894,325 Total debts 2024: € 127,894,325 ▲ 89% vs 2022 (€ 67,518,201) Unfavourable step	€ 136,938,057 Total debts 2025: € 136,938,057 ▲ 7% vs 2024 (€ 127,894,325) Unfavourable step	▲ 7%
Cash	€ 13,295,654 Cash 2021: € 13,295,654 First fiscal year in the series	€ 14,368,355 Cash 2022: € 14,368,355 ▲ 8% vs 2021 (€ 13,295,654) Favourable step	€ 25,619,244 Cash 2024: € 25,619,244 ▲ 78% vs 2022 (€ 14,368,355) Favourable step	€ 9,893,916 Cash 2025: € 9,893,916 ▼ 61% vs 2024 (€ 25,619,244) Unfavourable step	▼ 61%
Land & buildings	€ 58,273,330 Land & buildings 2021: € 58,273,330 First fiscal year in the series	€ 69,136,139 Land & buildings 2022: € 69,136,139 ▲ 19% vs 2021 (€ 58,273,330) Unchanged	€ 126,982,222 Land & buildings 2024: € 126,982,222 ▲ 84% vs 2022 (€ 69,136,139) Unchanged	€ 133,946,458 Land & buildings 2025: € 133,946,458 ▲ 5% vs 2024 (€ 126,982,222) Unchanged	▲ 5%
Retained profit	€ 22,860,135 Retained profit 2021: € 22,860,135 First fiscal year in the series	€ 24,016,359 Retained profit 2022: € 24,016,359 ▲ 5% vs 2021 (€ 22,860,135) Favourable step	€ 30,320,590 Retained profit 2024: € 30,320,590 ▲ 26% vs 2022 (€ 24,016,359) Favourable step	€ 32,000,618 Retained profit 2025: € 32,000,618 ▲ 6% vs 2024 (€ 30,320,590) Favourable step	▲ 6%
Dividend	€ 643 Dividend 2021: € 643 First fiscal year in the series	€ 643 Dividend 2022: € 643 Unchanged (€ 643) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2022 (€ 643) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 57,616,741 Bank debt 2021: € 57,616,741 First fiscal year in the series	€ 64,464,008 Bank debt 2022: € 64,464,008 ▲ 12% vs 2021 (€ 57,616,741) Unfavourable step	€ 122,908,316 Bank debt 2024: € 122,908,316 ▲ 91% vs 2022 (€ 64,464,008) Unfavourable step	€ 131,645,903 Bank debt 2025: € 131,645,903 ▲ 7% vs 2024 (€ 122,908,316) Unfavourable step	▲ 7%
Balance sheet total	€ 87,955,402 Balance sheet total 2021: € 87,955,402 First fiscal year in the series	€ 95,610,257 Balance sheet total 2022: € 95,610,257 ▲ 9% vs 2021 (€ 87,955,402) Unchanged	€ 168,700,695 Balance sheet total 2024: € 168,700,695 ▲ 76% vs 2022 (€ 95,610,257) Unchanged	€ 179,416,827 Balance sheet total 2025: € 179,416,827 ▲ 6% vs 2024 (€ 168,700,695) Unchanged	▲ 6%
Employees (FTE)	11.8 Employees (FTE) 2021: 11.8 First fiscal year in the series	13.2 Employees (FTE) 2022: 13.2 ▲ 1.4 vs 2021 (11.8) Unchanged	22.5 Employees (FTE) 2024: 22.5 ▲ 9.3 vs 2022 (13.2) Unchanged	26.8 Employees (FTE) 2025: 26.8 ▲ 4.3 vs 2024 (22.5) Unchanged	▲ 4.3

Key figures of WM Elan, fiscal years 2021 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 WM Elan?

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

2031 Willy Glorieux stepped down as director. NBB
2031 Hilde Dendauw stepped down as director. NBB
2031 Trees Vandeputte stepped down as director. NBB
2031 Tim Verthé stepped down as director. NBB
2031 Ann Derycke stepped down as director. NBB
2031 Erwin Bossuyt stepped down as director. NBB
2031 Barbara Demeulenaere stepped down as director. NBB
2031 Eveline Van Haverbeke stepped down as director. NBB

In short

From € 1.6 million profit in 2021 to € 1.7 million profit in 2025.

Paid € 98,666 in corporate taxes since 2021.

Best year ever: 2025, with € 1.7 million profit.

Paid out € 1,285 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Nele ROOBROUCK

Chairman of the board

Also active at: BELGOPROCESS, VALIPAC

since 2019 · until 2025

Willy Glorieux

Director

since 2025 · until 2031

Hilde Dendauw

Director

since 2025 · until 2031

Trees Vandeputte

Director

Also active at: DIENSTENONDERNEMING WEST-VLAAMSE SCHELDESTREEK

since 2025 · until 2031

Tim Verthé

Director

since 2025 · until 2031

Ann Derycke

Director

since 2025 · until 2031

Erwin Bossuyt

Chairman of the board

Also active at: AUTONOOM GEMEENTEBEDRIJF ZWEVEGEM (AGB ZWEVEGEM)

since 2025 · until 2031

Barbara Demeulenaere

Director

Also active at: AUTONOOM GEMEENTEBEDRIJF ZWEVEGEM (AGB ZWEVEGEM)

since 2025 · until 2031

Eveline Van Haverbeke

Vice-chairman of the board

since 2025 · until 2031

Evelyn Decruyenaere

Director

since 2025 · until 2031

Carine Debrouwere

Director

since 2025 · until 2031

Vincent Colpaert

Director

since 2025 · until 2031

Marc Plets

Director

since 2025 · until 2031

Michaël Desmet

Director

since 2025 · until 2031

Filip D'hont

Director

since 2025 · until 2031

Jeroen Dujardin

Director

since 2025 · until 2031

Establishments

Establishment units

Physical locations of this company

Registered office

Kortrijkstraat(Z) 117

8550 Zwevegem

2.342.414.101

Koningin Elisabethstraat 19

8520 Kuurne

Active since 1 May 2023

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

Details

Company number

0405.412.092

VAT number

BE 0405.412.092

Registered office

Kortrijkstraat(Z) 117, 8550 Zwevegem

Names & denominations

WM Elan

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

14 January 1923

Peppol

Active · Active since 1 Jan 2001

Contact

[email protected] 056/760666

Activities · NACE

Verhuur en exploitatie van sociale woningen

Verhuur van sociale woningen

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗

WM Elan

Financials

What happened to WM Elan?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions