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Company record · Zwevegem
Belgian companySituation normaleSociété à responsabilité limitée

WM Elan

Enterprise number
0405.412.092
VAT number
BE0405412092
Registered office
Kortrijkstraat(Z) 117, 8550 Zwevegem
Incorporated on
14 January 1923
Members only
Health score
Latest financial year
2025
m82-f model
Size
Small
26,8 FTE
Equity
€40.3M
Financial year 2025
Net result
€1.7M
Financial year 2025

Profile

Official information from the CBE (FPS Economy).

WM Elan is a Belgian company (Société à responsabilité limitée) whose registered office is established at 8550 Zwevegem. Its main activity falls under “Location et exploitation de biens immobiliers non résidentiels propres ou loués, sauf terrains” (NACE 68203).

Legal form
Société à responsabilité limitée
Legal situation
Situation normale
Date of incorporation
14 January 1923

Anti-money-laundering (AML) compliance

Is this activity subject to the Belgian anti-money-laundering obligations? An indicative assessment based on the declared NACE code.

Conditional obligationCompany service provider (potential)

Given its declared activity (“Location et exploitation de biens immobiliers non résidentiels propres ou loués, sauf terrains”), WM Elan may be subject to anti-money-laundering obligations, under the conditions below.

Some business services fall under company service providers, which are obliged entities.

Conditions: Covered if the company professionally provides third parties with one of these services: taking part in the purchase or sale of shares in a company (other than a listed one), providing a statutory seat, or providing a commercial, postal or administrative address and related services (registered office). The AMLR (EU) 2024/1624 will widen this perimeter on 10 July 2027 (company formation, director mandates, nominee arrangements).

Applicable obligations
  • Identification and verification of the client's identity (KYC)
  • Identification of the ultimate beneficial owners (UBO register)
  • Assessment of money-laundering and terrorist-financing risks
  • Ongoing diligence and monitoring of transactions
  • Reporting suspicions to the CTIF
  • Retention of the documents and appointment of an AMLCO

Legal basis: art. 5, §1, 29° of the Act of 18 September 2017, referring to art. 3, 1° of the Act of 29 March 2018.

General information based on the declared NACE activity code; it is not legal advice. Whether the obligations actually apply depends on the activity effectively carried out.

Your risk analysis on this company

AML Company ran WM Elan through your due diligence questionnaire. Here are the first findings.

  • What is the geographic exposure of the client and of its transactions?

    Belgium only· Registered office published in the register

  • What is the company's solvency and lifecycle status?

    Trading, no proceedings· Legal situation published in the register

The rest of the analysis

Sanctions screening, politically exposed persons, ultimate beneficial owners, source of funds: AML Company runs them, documents them and keeps the proof in your file.

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This preview is not a due diligence measure: it pre-qualifies questions from public data. Identifying the client and its ultimate beneficial owners requires documents collected and verified.

Establishments

2 active establishment units declared with the CBE.

Implantation
Zwevegem

2 establishments · 2 municipalities

Registered office2 establishments
Registered office
Kortrijkstraat(Z) 117
Map
Establishment2342.414.101
Koningin Elisabethstraat 19
8520 Kuurne
Map
Establishment 22228.744.254
Kortrijkstraat(Z) 117
Map

Finances & financial health

Annual accounts filed with the Central Balance Sheet Office (CBSO, National Bank of Belgium) and an aggregate health score (Altman Z″ model, completed with qualitative factors).

Zone Altman
Grade
Computed on
Financial trend

Equity & result

EquityResult
Key figures by financial year
Financial yearEquityResult
2025€40,289,353€1,657,825
2024€38,559,133€499,290
2023––
2022€26,876,363€1,156,867

Financial ratios

Solvency, liquidity and profitability, computed year by year from the filed annual accounts.

Solvency
22,5%
0,4%
Financial year 2025

Equity / balance sheet total

Liquidity
2,08 x
1,87
Financial year 2025

Current assets / debts due within one year

Net margin
15,1%
10,1%
Financial year 2025

Result for the year / turnover

Operating margin
16%
8,3%
Financial year 2025

Operating result / turnover

Long-term debt
68,8%
2,5%
Financial year 2025

Debts due after one year / balance sheet total

Return on equity
4,1%
2,8%
Financial year 2025

Result for the year / equity

Over the most recent filed years

Balance sheet structure

SolvencyLong-term debt
Year-on-year comparison
Ratio202520242023Trend
Solvency
22,5%
0,4%
22,9%
-
Liquidity
2,08 x
1,87
3,95 x
-
Net margin
15,1%
10,1%
5,1%
-
Operating margin
16%
8,3%
7,7%
-
Long-term debt
68,8%
2,5%
71,3%
-
Return on equity
4,1%
2,8%
1,3%
-

Ratios computed by AML Company from the items filed in the balance sheet and the income statement. They are not filed figures as such: the underlying amounts appear in the key figures above.

Filing history (51)▾
Financial yearFilingFiling typeModelSource
01/01/2025 → 31/12/202504/06/2026Initialm82-fBNB
01/01/2024 → 31/12/202411/06/2025Initialm82-fBNB
01/01/2023 → 31/12/202304/07/2024Initialm82-f-p-
01/01/2022 → 31/12/202228/04/2023Initialm02-fBNB
01/01/2021 → 31/12/202120/06/2022Initialm02-fBNB
01/01/2020 → 31/12/202019/08/2021Correctionm02-fBNB
01/01/2020 → 31/12/202014/06/2021Initialm02-fBNB
01/01/2019 → 31/12/201914/01/2021Correctionm02-fBNB
01/01/2019 → 31/12/201910/06/2020Initialm02-fBNB
01/01/2018 → 31/12/201804/06/2019Initialm02-fBNB
01/01/2017 → 31/12/201705/06/2018Initialm02-fBNB
01/01/2016 → 31/12/201615/06/2017Initialm02-fBNB

Source: CBSO (NBB) filings, Belgian chart-of-accounts headings 9904 (result), 10/15 (equity), 9900 (gross margin), 9087 (workforce in FTE). Data available for filings from 2022 onwards.

Health score and detailed factors

The grade, the score out of 100, the Altman Z″ zone and the list of public alerts are for members only.

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Notices in the Belgian Official Gazette

Official acts and notices: incorporation, changes to the articles, appointments, dissolutions.

Source: Belgian Official Gazette (FPS Justice). The links open the official PDFs.

What the WM Elan record does not say

Two readings of the register the raw data does not give: anti-money-laundering scope, and whether the filing deadline was met.

Is WM Elan subject to anti-money-laundering obligations in Belgium?
It depends on the activity actually carried out. The code declared in the register for WM Elan (Company service provider (potential), art. 5, §1, 29° of the Act of 18 September 2017, referring to art. 3, 1° of the Act of 29 March 2018) opens a conditional obligation: Covered if the company professionally provides third parties with one of these services: taking part in the purchase or sale of shares in a company (other than a listed one), providing a statutory seat, or providing a commercial, postal or administrative address and related services (registered office). The AMLR (EU) 2024/1624 will widen this perimeter on 10 July 2027 (company formation, director mandates, nominee arrangements)..
Did WM Elan file its annual accounts on time?
Yes. WM Elan filed its latest annual accounts with the Central Balance Sheet Office (CBSO, National Bank of Belgium) on 4 June 2026, ahead of 31 July 2026. Article 3:10 of the Code of Companies and Associations requires filing within thirty days of approval and at the latest seven months after the financial year closes.

Company timeline

Every dated event in the company's life, from filed accounts to notices published in the Belgian Official Gazette, in a single thread.

Timeline
85 events
Filter the timeline by event type

10 AI-analysed dimensions are not shown.

  1. 2026
    1. 4 June 2026Annual accounts filed·Financial year ended 31 December 2025 · Model m82-fFiled accounts2026-00144589
  2. 2025
    1. 19 December 2025Capital · SharesView the notice25378923
    2. 14 July 2025Capital · Shares · RestructuringView the notice25088883
    3. 18 June 2025Appointments · Resignations · MiscellaneousView the notice25338252
    4. 11 June 2025Annual accounts filed·Financial year ended 31 December 2024 · Model m82-fFiled accounts2025-00137132
    5. 28 April 2025Articles of association · RestructuringView the notice25054897
  3. 2024
    1. 10 December 2024Capital · SharesView the notice24449894
    2. 4 July 2024Annual accounts filed·Financial year ended 31 December 2023 · Model m82-f-p
    3. 10 June 2024Appointments · ResignationsView the notice24087219
    4. 23 January 2024Capital · Shares · RestructuringView the notice24014358
    5. 23 January 2024Articles of association · Capital · Shares · RestructuringView the notice24014357
  4. 2023
    1. 16 November 2023Restructuring · MiscellaneousView the notice23145591

Registry record since 7 September 2026

The KBO publishes its changes as a monthly delta and never restates the past: our record starts on that date, not at the company's incorporation. No change recorded since that date. A missing row says nothing about the company, only about how far back our record goes.

AI insights · Pro AI plan

AI extraction of strategic AML data

The official notices in the Belgian Official Gazette are analysed by our AI engine to extract automatically the information that matters for your due diligence and your AML duties.

  • Legal life
  • Restructuring
  • Capital
  • Legal form
  • Incorporation
  • Directors
  • Beneficial owners
  • Registered office
  • Company name
  • Notarial deeds
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