ACTIVE

ELANTIS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

2,2 M €

-51.4% YoY

Revenue

24,9 M €

+16.7% YoY

Equity

20,8 M €

0.0% YoY

Workforce

52,5 ETP

+7.6% YoY

What does ELANTIS do?

ELANTIS is a Public limited company incorporated in 1913. Its main activity is: Other credit granting. Its registered office is in Liège. It employs on average 52,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.228.296

Incorporation

29/01/1913

Legal form

Public limited company

Registered office

Rue des Clarisses 38
4000 Liège · WallonieSee on map

Contributed capital

3 000 000,00 €

Latest accounts

31/12/2025

Average workforce

52,5 ETP

Activities (NACE)

64922Other credit granting· main 64922Other credit granting 64929Other credit granting 64929Other credit granting 65222Reinsurance 64922Other credit granting+3

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	24,9 M €	+16.7%	21,3 M €	+12.8%	18,9 M €	+4.7%	18,1 M €	+8.2%	16,7 M €	+11.0%	15,0 M €	+7.1%	14,0 M €	+6.7%	13,2 M €	-8.4%	14,4 M €	-14.7%	16,8 M €	-20.7%	21,2 M €	+36.1%	15,6 M €	+9.0%	14,3 M €	-53.2%	30,6 M €	-29.8%	43,6 M €	+4.2%	41,8 M €	+18.2%	35,4 M €	+21.7%	29,1 M €	+9.7%	26,5 M €
EBITDA	2,3 M €	-55.2%	5,1 M €	+6.7%	4,7 M €	+16.8%	4,1 M €	+11.1%	3,7 M €	-9.7%	4,1 M €	+3.7%	3,9 M €	-3.4%	4,0 M €	+23.0%	3,3 M €	-45.0%	6,0 M €	+29.8%	4,6 M €	+7.2%	4,3 M €	+174%	1,6 M €	-66.2%	4,6 M €	-51.7%	9,6 M €	-5.9%	10,2 M €	-8.2%	11,1 M €	+162%	4,2 M €	-35.0%	6,5 M €
Operating result	2,6 M €	-53.1%	5,4 M €	+12.8%	4,8 M €	+15.2%	4,2 M €	-0.6%	4,2 M €	+6.0%	4,0 M €	-2.7%	4,1 M €	+0.8%	4,1 M €	+0.6%	4,0 M €	-23.2%	5,2 M €	+26.0%	4,2 M €	-7.6%	4,5 M €	+224%	1,4 M €	-69.3%	4,5 M €	-53.0%	9,6 M €	-2.0%	9,8 M €	-7.4%	10,6 M €	+148%	4,3 M €	-33.1%	6,4 M €
Net result	2,2 M €	-51.4%	4,4 M €	+12.0%	4,0 M €	+21.0%	3,3 M €	-3.3%	3,4 M €	+12.2%	3,0 M €	-3.3%	3,1 M €	+8.3%	2,9 M €	+1.4%	2,9 M €	-25.6%	3,8 M €	+17.6%	3,3 M €	-7.2%	3,5 M €	+137%	1,5 M €	-66.2%	4,4 M €	-38.4%	7,1 M €	+0.1%	7,1 M €	-7.6%	7,7 M €	+102%	3,8 M €	-26.5%	5,2 M €
Balance sheet
Equity	20,8 M €	0.0%	20,8 M €	0.0%	20,8 M €	0.0%	20,8 M €	0.0%	20,8 M €	-33.5%	31,2 M €	+0.1%	31,2 M €	+0.4%	31,1 M €	-0.4%	31,2 M €	-0.5%	31,3 M €	+0.1%	31,3 M €	+0.8%	31,0 M €	+0.0%	31,0 M €	-1.6%	31,5 M €	+1.2%	31,1 M €	+15.2%	27,0 M €	+18.0%	22,9 M €	+25.8%	18,2 M €	+4.7%	17,4 M €
Total assets	324,5 M €	+27.8%	253,9 M €	-1.4%	257,6 M €	+6.8%	241,1 M €	+9.2%	220,8 M €	+24.3%	177,6 M €	+22.4%	145,1 M €	-13.4%	167,5 M €	-6.7%	179,6 M €	+12.0%	160,3 M €	+68.3%	95,2 M €	+1.1%	94,2 M €	+7.5%	87,6 M €	-7.2%	94,4 M €	-68.1%	295,7 M €	+5.9%	279,3 M €	+20.0%	232,8 M €	+18.6%	196,4 M €	+22.2%	160,7 M €
Cash	20,4 M €	+4.6%	19,5 M €	+17.4%	16,6 M €	-1.4%	16,9 M €	+18.3%	14,2 M €	-36.6%	22,5 M €	-20.2%	28,2 M €	+24.8%	22,6 M €	+0.9%	22,4 M €	-29.5%	31,7 M €	+17.0%	27,1 M €	-28.6%	38,0 M €	-9.4%	41,9 M €	+3.9%	40,4 M €	+30.6%	30,9 M €	+76.4%	17,5 M €	+28.0%	13,7 M €	+22.4%	11,2 M €	-4.3%	11,7 M €
Debts	301,5 M €	+30.6%	230,8 M €	-1.5%	234,2 M €	+7.7%	217,5 M €	+10.2%	197,3 M €	+38.4%	142,5 M €	+31.3%	108,5 M €	-17.1%	130,9 M €	-7.9%	142,1 M €	+15.5%	123,1 M €	+111%	58,4 M €	+17.2%	49,8 M €	-1.6%	50,7 M €	-14.7%	59,4 M €	-77.2%	261,0 M €	+4.9%	248,8 M €	+20.2%	207,0 M €	+17.6%	176,0 M €	+24.6%	141,2 M €
Other
Workforce	52,5 ETP	+7.6%	48,8 ETP	-2.6%	50,1 ETP	-1.2%	50,7 ETP	-3.8%	52,7 ETP	-3.1%	54,4 ETP	-1.3%	55,1 ETP	+2.6%	53,7 ETP	-3.1%	55,4 ETP	-0.7%	55,8 ETP	-2.4%	57,2 ETP	-2.2%	58,5 ETP	-5.5%	61,9 ETP	-9.2%	68,2 ETP	-6.6%	73,0 ETP	-5.4%	77,2 ETP	-1.4%	78,3 ETP	-0.8%	78,9 ETP	+1.9%	77,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 81 ended

Active mandates

Daniel MENU

Managing director · since 19 juin 2025 · until 22 mars 2029

Active

Mia NEYENS

Director · since 18 septembre 2024 · until 19 mars 2026

Active

Emmanuel MICHIELS

Chairman of the board of directors · since 29 mars 2024 · until 23 mars 2028

Active

Erik VERSTRAETEN

Director · since 08 novembre 2022 · until 19 mars 2026

Active

Matthias BAILLIEUL

Director · since 08 novembre 2022 · until 19 mars 2026

Active

Philippe DEMAZY

Managing director · since 22 avril 2022 · until 30 novembre 2026

Active

Ended mandates

Ann DEWAELE

Director · since 08 novembre 2022 · until 19 mars 2026

Ended

Frédéric VAN DER SCHUEREN

Chairman of the board of directors · since 22 avril 2022 · until 16 septembre 2022

Ended

Ilse SPINNAEL

Director · since 22 avril 2022 · until 12 juin 2024

Ended

Ilse SPINNAEL

Director · since 22 avril 2022 · until 19 mars 2026

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/03/2026	27/03/2025	15/04/2024	27/03/2023	12/05/2022	23/03/2021
General meeting	18/03/2026	20/03/2025	29/03/2024	23/03/2023	22/04/2022	18/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

38 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/03/2026	30/03/2026	French	PDF
Full model	31/12/2024	20/03/2025	27/03/2025	French	PDF
Full model	31/12/2023	29/03/2024	15/04/2024	French	PDF
Full model	31/12/2022	23/03/2023	27/03/2023	French	PDF
Full model	31/12/2021	22/04/2022	12/05/2022	French	PDF
Full model	31/12/2020	18/03/2021	23/03/2021	French	PDF
Full model	31/12/2019	19/03/2020	27/03/2020	French	PDF
Full model	31/12/2018	21/03/2019	26/03/2019	French	PDF
Full model	31/12/2017	22/03/2018	16/04/2018	French	PDF
Full model	31/12/2016	23/03/2017	19/04/2017	French	PDF
Full model	31/12/2015	24/03/2016	15/04/2016	French	PDF
Full model	31/12/2014	19/03/2015	08/04/2015	French	PDF
Full model	31/12/2013	20/03/2014	31/03/2014	French	PDF
Full model	31/12/2012	21/03/2013	04/04/2013	French	PDF
Full model	31/12/2011	22/03/2012	17/04/2012	French	PDF
Full model	31/12/2010	24/03/2011	08/04/2011	French	PDF
Full model	31/12/2009	18/03/2010	26/03/2010	French	PDF
Full model	31/12/2008	19/03/2009	23/03/2009	French	PDF
Full model	31/12/2007	20/03/2008	16/04/2008	French	PDF
Full model	31/12/2006	22/03/2007	27/03/2007	French	PDF
Full model	31/12/2005	23/03/2006	12/04/2006	French	PDF
Full model	31/12/2004	24/03/2005	14/04/2005	French	PDF
Full model	31/12/2003	18/03/2004	25/03/2004	French	PDF
Full model	31/12/2002	20/03/2003	27/03/2003	French	PDF

View all 38 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 81 ended

Active mandates

Daniel MENU

Managing director · since 19 juin 2025 · until 22 mars 2029

Active

Mia NEYENS

Director · since 18 septembre 2024 · until 19 mars 2026

Active

Emmanuel MICHIELS

Chairman of the board of directors · since 29 mars 2024 · until 23 mars 2028

Active

Erik VERSTRAETEN

Director · since 08 novembre 2022 · until 19 mars 2026

Active

Matthias BAILLIEUL

Director · since 08 novembre 2022 · until 19 mars 2026

Active

Philippe DEMAZY

Managing director · since 22 avril 2022 · until 30 novembre 2026

Active

Ended mandates

Ann DEWAELE

Director · since 08 novembre 2022 · until 19 mars 2026

Ended

Frédéric VAN DER SCHUEREN

Chairman of the board of directors · since 22 avril 2022 · until 16 septembre 2022

Ended

Ilse SPINNAEL

Director · since 22 avril 2022 · until 12 juin 2024

Ended

Ilse SPINNAEL

Director · since 22 avril 2022 · until 19 mars 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates14/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates31/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates06/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates15/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2022
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252,2 M €↓
15/07/2025
nominationMENU Daniel — administrateur
2024
Annual accounts 20244,4 M €↑
18/09/2024
nominationNEYENS Mia — administrateur
12/06/2024
nominationMICHIELS Emmanuel — président du Conseil d'administration
29/03/2024
reconductionMICHIELS Emmanuel — administrateur
2023
Annual accounts 20234,0 M €↑
23/03/2023
nominationKPMG Réviseurs d'Entreprises BV/SRL — commissaire
2022
Annual accounts 20223,3 M €↓
08/11/2022
nominationMatthias BAILLIEUL — administrateur
08/11/2022
nominationErik VERSTRAETEN — administrateur
08/11/2022
nominationAnn DEWAELE — administrateur
21/09/2022
nominationEmmanuel MICHIELS — Président
22/04/2022
reconductionPhillipe DEMAZY — administrateur
22/04/2022
reconductionIlse SPINNAEL — administrateur
22/04/2022
reconductionFrédéric VAN DER SCHUEREN — administrateur
2021
Annual accounts 20213,4 M €↑
27/05/2021
nominationJeroen BOGAERTS — administrateur
2020
Annual accounts 20203,0 M €↓
2019
Annual accounts 20193,1 M €↑
2018
Annual accounts 20182,9 M €↑
2017
Annual accounts 20172,9 M €↓
2016
Annual accounts 20163,8 M €↑
2015
Annual accounts 20153,3 M €↓
2014
Annual accounts 20143,5 M €↑
2013
Annual accounts 20131,5 M €↓
2012
Annual accounts 20124,4 M €↓
2011
Annual accounts 20117,1 M €↑
2010
Annual accounts 20107,1 M €↓
2009
Annual accounts 20097,7 M €↑
2008
Annual accounts 20083,8 M €↓
2007
Annual accounts 20075,2 M €
29/01/1913
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ELANTIS

Overview

What does ELANTIS do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline