Financials
Financial year 2025
SELECTAIR from Vilvoorde, company number BE0422875557, closed financial year 2025 with a result of € -9,166 after tax. For that financial year SELECTAIR recorded a gross margin of € 268,653 and equity of € 395,399. Compared with financial year 2024, the result moved from € 8,184 to € -9,166. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 14, 2026.
€ 395,399
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,166
▼ still € 8,184 profit in 2024
Profit after tax over the fiscal year.
€ 127,637
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 301,649.
People and assets in 2025
3.1
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 261,186
▲ 27% vs 2024
€ 84,300 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.
€ 5,523
▲ 202% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 54,343
▼ 17% vs 2024
€ 11,830 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 72,268
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,868
▲ 10% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 263,426 | € 251,381 | € 241,175 | € 268,653 | ▲ 11% |
| Profit after taxes | € 3,598 | € 2,114 | € 8,184 | € -9,166 | ▼ € 17,351 |
| Equity | € 394,267 | € 392,631 | € 402,065 | € 395,399 | ▼ 2% |
| Total debts | € 444,556 | € 261,435 | € 266,145 | € 232,863 | ▼ 13% |
| Cash | € 566,087 | € 462,470 | € 178,680 | € 127,637 | ▼ 29% |
| Land & buildings | € 125,336 | € 120,200 | € 115,063 | € 110,343 | ▼ 4% |
| Retained profit | € 300,517 | € 302,631 | € 310,815 | € 301,649 | ▼ 3% |
| Bank debt | € 86,678 | € 76,401 | € 65,631 | € 54,343 | ▼ 17% |
| Balance sheet total | € 849,418 | € 654,066 | € 668,210 | € 628,262 | ▼ 6% |
| Employees (FTE) | 2.8 | 2.8 | 2.8 | 3.1 | ▲ 0.3 |
Key figures of SELECTAIR, fiscal years 2022 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 SELECTAIR?
What happened at SELECTAIR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MIEKE VERVAECKE stepped down as director. NBB
- PIETER DEMUYNCK stepped down as director. NBB
- TIM DE VUYST stepped down as director. NBB
- PHILIPPE BELLEMANS stepped down as director. NBB
- GLENN STEVENS stepped down as director. NBB
- GEERT GAENS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 9,166 (▼ € 17,351 vs 2024). Source: NBB ↗
- HILDE DE BACKER stepped down as director. NBB
In short
From € 3,598 profit in 2022 to € 9,166 loss in 2025.
Paid € 21,706 in corporate taxes since 2022.
Best year ever: 2024, with € 8,184 profit.
On average € 86,700 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
HILDE DE BACKER
Director
since 2023 · until 2026
PATRICK DE VOS
Director
since 2023 · until 2026
MIEKE VERVAECKE
Director
since 2025 · until 2028
MARTINE DEWISPELAERE
Director
since 2024 · until 2026
since 2024 · until 2027
since 2024 · until 2027
GEERT GAENS
Director
Also active at: Beroepsvereniging van Autobus- en Autocarondernemers van Vlaanderen, ALK-REIZEN, EASYTOURS, InvesTALK, SIEN CONSULTING, SENIORUM, AMANA ADVISORY
since 2024 · until 2027
PIETER DEMUYNCK
Director
since 2025 · until 2028
since 2025 · until 2028
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 518 box C02
1800 Vilvoorde
Mechelsesteenweg 518 C box 02
1800 Vilvoorde
Active since 14 December 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
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AUTOMATTIC - Automattic, Inc, US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0422.875.557
- VAT number
- BE 0422.875.557
- Registered office
- Mechelsesteenweg 518 bus C02, 1800 Vilvoorde
- Names & denominations
- SELECTAIR
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 1 December 1981
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- selectair.be
- Activities · NACE
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