ACTIVE

ELIAS WHEMAB

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-59.7% YoY

Gross margin

433,8 k €

+20.4% YoY

Equity

55,2 M €

+2.0% YoY

Workforce

0,0 ETP

What does ELIAS WHEMAB do?

ELIAS WHEMAB is a Private limited company incorporated in 1986. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.362.976

Incorporation

29/07/1986

Legal form

Private limited company

Registered office

Beukendreef 4
9300 Aalst · FlandreSee on map

Contributed capital

9 021 745,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2009		2008
Income statement
Gross margin	433,8 k €	+20.4%	360,4 k €	-0.7%	363,2 k €	-71.3%	1,3 M €	+117%	582,3 k €	-70.0%	1,9 M €	+55.4%	1,2 M €	+117%	575,5 k €	+4.1%	553 k €	-50.8%	1,1 M €	+11.8%	1 M €	+50.3%	668,7 k €	+11.3%	600,8 k €	-24.5%	795,5 k €	+106%	385,9 k €	-47.7%	737,3 k €
EBITDA	375,7 k €	+577%	-78,8 k €	-124%	323,5 k €	-72.3%	1,2 M €	+117%	540,1 k €	-71.4%	1,9 M €	+57.3%	1,2 M €	+158%	465,1 k €	-9.7%	515,2 k €	-52.5%	1,1 M €	+16.0%	936 k €	+49.4%	626,7 k €	+9.6%	572 k €	-29.0%	805,1 k €	+108%	386,3 k €	-47.5%	735,3 k €
Operating result	-92,7 k €	+84.3%	-589,7 k €	-1994%	31,1 k €	-96.6%	920,2 k €	+220%	287,7 k €	-82.5%	1,6 M €	+70.2%	963,2 k €	+5068%	18,6 k €	-93.7%	294,2 k €	-55.1%	655,3 k €	+25.2%	523,4 k €	+47.9%	353,9 k €	+16.2%	304,5 k €	+35.8%	224,2 k €	+114%	104,8 k €	-71.8%	372,3 k €
Net result	1,1 M €	-59.7%	2,7 M €	+74.1%	1,6 M €	-94.0%	26,3 M €	+9371%	278 k €	-96.4%	7,6 M €	+1076%	648,5 k €	+68.4%	385,2 k €	+35.0%	285,4 k €	-87.7%	2,3 M €	+90.9%	1,2 M €	+442%	224,2 k €	+10.1%	203,7 k €	+52.3%	133,8 k €	+206%	43,7 k €	-81.1%	231,4 k €
Balance sheet
Equity	55,2 M €	+2.0%	54,1 M €	+5.3%	51,3 M €	+3.2%	49,8 M €	+99.5%	24,9 M €	+1.8%	24,5 M €	+45.2%	16,9 M €	+4.6%	16,1 M €	-1.9%	16,4 M €	+1.8%	16,2 M €	+14.7%	14,1 M €	+6.9%	13,2 M €	+1.7%	12,9 M €	+2.4%	12,6 M €	+434%	2,4 M €	+1.9%	2,3 M €
Total assets	56,9 M €	+1.3%	56,1 M €	+4.1%	53,9 M €	+3.7%	52 M €	+88.5%	27,6 M €	+0.3%	27,5 M €	+37.6%	20 M €	+8.4%	18,5 M €	+4.1%	17,7 M €	-1.2%	17,9 M €	+14.5%	15,7 M €	+7.3%	14,6 M €	+0.0%	14,6 M €	+0.7%	14,5 M €	+291%	3,7 M €	+6.6%	3,5 M €
Cash	736,4 k €	-68.7%	2,4 M €	-50.3%	4,7 M €	-81.1%	25,1 M €	+702%	3,1 M €	+11.7%	2,8 M €	+94.4%	1,4 M €	+221%	448,1 k €	-83.3%	2,7 M €	-15.6%	3,2 M €	+47.1%	2,2 M €	+167%	809,2 k €	+35.0%	599,5 k €	+62.2%	369,7 k €	+244%	107,5 k €	-51.2%	220,3 k €
Debts	773,2 k €	-24.7%	1 M €	-33.5%	1,5 M €	+30.7%	1,2 M €	-31.3%	1,7 M €	-10.0%	1,9 M €	-19.7%	2,4 M €	+46.4%	1,6 M €	+178%	585,6 k €	-46.6%	1,1 M €	+0.8%	1,1 M €	-20.4%	1,4 M €	-13.3%	1,6 M €	-12.4%	1,8 M €	+49.7%	1,2 M €	+20.2%	998,7 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		0,1 ETP	-66.7%	0,3 ETP	0.0%	0,3 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Bart Elias

Director · since 25 mai 2022

Active

Marianne De Turck

Director · since 25 mai 2022

Active

Ended mandates

Bart ELIAS

Director

Ended

Bart ELIAS

Manager

Ended

Marianne DE TURCK

Director

Ended

Marianne DE TURCK

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Fagus● Active	0724.813.791
VASTGOED VANDEVELDE● Active	0445.432.314

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	18 months	12 months	12 months	12 months	12 months
Filing date	31/07/2026	30/07/2025	31/01/2024	31/01/2023	24/01/2022	25/01/2021
General meeting	30/06/2026	30/06/2025	31/12/2023	15/12/2022	16/12/2021	17/12/2020
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

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Abridged model	30/06/2023	31/12/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	15/12/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	16/12/2021	24/01/2022	Dutch	PDF
Abridged model	30/06/2020	17/12/2020	25/01/2021	Dutch	PDF
Abridged model	30/06/2019	19/12/2019	07/01/2020	Dutch	PDF
Abridged model	30/06/2018	20/12/2018	24/01/2019	Dutch	PDF
Abridged model	30/06/2017	21/12/2017	02/02/2018	Dutch	PDF
Abridged model	30/06/2016	15/12/2016	16/01/2017	Dutch	PDF
Abridged model	30/09/2014	20/03/2015	09/04/2015	Dutch	PDF
Abridged model	31/03/2013	20/09/2013	23/09/2013	Dutch	PDF
Abridged model	31/03/2012	21/09/2012	11/10/2012	Dutch	PDF
Abridged model	31/03/2011	16/09/2011	23/09/2011	Dutch	PDF
Abridged model	30/06/2009	16/11/2009	04/12/2009	Dutch	PDF
Abridged model	30/06/2008	17/11/2008	25/11/2008	Dutch	PDF
Abridged model	31/08/2006	15/02/2007	22/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

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 · 2 active · 4 ended

Active mandates

Bart Elias

Director · since 25 mai 2022

Active

Marianne De Turck

Director · since 25 mai 2022

Active

Ended mandates

Bart ELIAS

Director

Ended

Bart ELIAS

Manager

Ended

Marianne DE TURCK

Director

Ended

Marianne DE TURCK

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other08/07/2024
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates02/06/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/11/2017
KAPITAAL - AANDELEN
PDF
Capital / shares09/10/2015
KAPITAAL - AANDELEN - BOEKJAAR
PDF
Capital / shares08/01/2014
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares28/09/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/04/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares07/09/2007
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20251,1 M €↓
2024
Annual accounts 20242,7 M €↑
2023
Annual accounts 20231,6 M €↓
2022
Annual accounts 202226,3 M €↑
2021
Annual accounts 2021278 k €↓
2020
Annual accounts 20207,6 M €↑
2019
Annual accounts 2019648,5 k €↑
2018
Annual accounts 2018385,2 k €↑
2017
Annual accounts 2017285,4 k €↓
2016
Annual accounts 20162,3 M €↑
2014
Annual accounts 20141,2 M €↑
2013
Annual accounts 2013224,2 k €↑
2012
Annual accounts 2012203,7 k €↑
2011
Annual accounts 2011133,8 k €↑
2009
Annual accounts 200943,7 k €↓
2008
Annual accounts 2008231,4 k €
29/07/1986
IncorporationPrivate 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

ELIAS WHEMAB

Overview

What does ELIAS WHEMAB do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

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