ACTIVE

ELAN

Financial year 2025 · closed on 31/12/2025
Net result
14,1 k €
+127.5% YoY
Gross margin
-574,8 €
-133.6% YoY
Equity
1,2 M €
+1.1% YoY

What does ELAN do?

ELAN is a Private company with limited liability incorporated in 2008. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0894.868.055
Incorporation
14/01/2008
Legal form
Private company with limited liability
Registered office
Avenue de la Forêt 156
1000 Bruxelles · BruxellesSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 100
Signals
ProfitableSolid equityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin-574,8 €1,7 k €-1,9 k €-1,7 k €-680,2 €-1 k €-228,1 €-2,1 k €-2,2 k €-9,9 k €-3,9 k €-4,2 k €-5,7 k €-8,7 k €-4,7 k €1,5 k €-12,8 k €
EBITDA-1,6 k €743,3 €-2,9 k €-2,6 k €-1,5 k €-1,9 k €-1,1 k €-2,5 k €-3,1 k €-10,8 k €-4,4 k €-4,7 k €-6,1 k €-9,1 k €-5,1 k €1,4 k €-45,2 k €
Operating result-1,6 k €743,3 €-2,9 k €-2,6 k €-1,5 k €-1,9 k €-1,1 k €-2,5 k €-3,1 k €-10,8 k €-4,4 k €-4,8 k €-6,2 k €-9,8 k €-6 k €853,3 €-46,2 k €
Net result14,1 k €-51,4 k €-2,9 k €997,3 k €-1,6 k €-1,9 k €-1,1 k €-2,7 k €-3,1 k €-10,8 k €-1,4 M €196,1 k €193 k €336,9 k €-1,2 M €1 M €1,1 M €
Balance sheet
Equity1,2 M €1,2 M €1,3 M €1,3 M €291,8 k €293,4 k €295,3 k €296,5 k €299,2 k €302,3 k €4,4 M €5,8 M €5,6 M €5,4 M €5,8 M €7 M €8,1 M €
Total assets4,1 M €4,1 M €4,2 M €4,2 M €4,2 M €4,2 M €4,2 M €4,2 M €4,5 M €4,5 M €4,5 M €5,9 M €5,7 M €5,5 M €5,9 M €7 M €8,1 M €
Cash174,1 k €167,1 k €162,3 k €163,5 k €165,2 k €167 k €169 k €169,8 k €462,3 k €466,7 k €476,6 k €478,6 k €354 k €163,7 k €77,4 k €37,9 k €44,9 k €
Debts2,9 M €2,9 M €2,9 M €2,9 M €3,9 M €3,9 M €3,9 M €3,9 M €4,2 M €4,2 M €63,4 k €61,2 k €132,6 k €135,4 k €67,7 k €65 k €74,7 k €
Other
Workforce0,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

ROLAND STERN

Administrator - manager · since 10 janvier 2008

Active

Ended mandates

Roland Stern

Director · since 14 janvier 2008

Ended
ROLAND STERN

Manager · since 10 janvier 2008

Ended
At this address

Other companies at this address

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0894.869.540
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0712.618.418
XERIUMActive
1029.700.530
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/07/202630/07/202531/08/202405/09/202312/09/202222/10/2021
General meeting18/06/202619/06/202520/06/202415/06/202316/06/202217/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202518/06/202621/07/2026FrenchPDF
Micro model31/12/202419/06/202530/07/2025FrenchPDF
Micro model31/12/202320/06/202431/08/2024FrenchPDF
Micro model31/12/202215/06/202305/09/2023FrenchPDF
Abridged model31/12/202116/06/202212/09/2022FrenchPDF
Abridged model31/12/202017/06/202122/10/2021FrenchPDF
Abridged model31/12/201918/06/202027/08/2020FrenchPDF
Abridged model31/12/201820/06/201931/07/2019FrenchPDF
Abridged model31/12/201721/06/201819/07/2018FrenchPDF
Abridged model31/12/201615/06/201729/06/2018FrenchPDF
Abridged model31/12/201516/06/201615/11/2016FrenchPDF
Abridged model31/12/201418/06/201529/09/2015FrenchPDF
Abridged model31/12/201319/06/201415/09/2015FrenchPDF
Abridged model31/12/201220/06/201326/06/2014FrenchPDF
Abridged model31/12/201121/06/201218/09/2013FrenchPDF
Abridged model31/12/201017/06/201118/09/2013FrenchPDF
Abridged model31/12/200917/06/201011/09/2012FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 2 ended

Active mandates

ROLAND STERN

Administrator - manager · since 10 janvier 2008

Active

Ended mandates

Roland Stern

Director · since 14 janvier 2008

Ended
ROLAND STERN

Manager · since 10 janvier 2008

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/12/2016
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares08/03/2012
    CAPITAL, ACTIONS
    PDF
  • Capital / shares05/07/2011
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Capital / shares03/08/2010
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Capital / shares18/04/2008
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other22/01/2008
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 202514,1 k €
  2. 2024
    Annual accounts 2024-51,4 k €
  3. 2023
    Annual accounts 2023-2,9 k €
  4. 2022
    Annual accounts 2022997,3 k €
  5. 2021
    Annual accounts 2021-1,6 k €
  6. 2020
    Annual accounts 2020-1,9 k €
  7. 2019
    Annual accounts 2019-1,1 k €
  8. 2018
    Annual accounts 2018-2,7 k €
  9. 2017
    Annual accounts 2017-3,1 k €
  10. 2016
    Annual accounts 2016-10,8 k €
  11. 2015
    Annual accounts 2015-1,4 M €
  12. 2014
    Annual accounts 2014196,1 k €
  13. 2013
    Annual accounts 2013193 k €
  14. 2012
    Annual accounts 2012336,9 k €
  15. 2011
    Annual accounts 2011-1,2 M €
  16. 2010
    Annual accounts 20101 M €
  17. 2009
    Annual accounts 20091,1 M €
  18. 14/01/2008
    IncorporationPrivate company with limited liability