Financials
Financial year 2025
Select-Panels from Waregem, company number BE0423839322, closed financial year 2025 with a result of € 3,561 after tax. For that financial year Select-Panels recorded a gross margin of € 47,604 and equity of € 215,799. Compared with financial year 2024, the result moved from € 2,869 to € 3,561. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 215,799
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,561
▲ 24% vs 2024
Profit after tax over the fiscal year.
€ 2,779
▲ € 2,692 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -29,201.
Debts at end 2025
€ 777,274
▼ 5% vs 2024
€ 71,597 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 32,187
▲ € 27,017 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 545
▼ 21% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,415 | € 2,861 | € 31,658 | € 47,604 | ▲ 50% |
| Profit after taxes | € -14,878 | € -60,457 | € 2,869 | € 3,561 | ▲ 24% |
| Equity | € 269,826 | € 209,369 | € 212,238 | € 215,799 | ▲ 2% |
| Total debts | € 996,905 | € 972,446 | € 976,510 | € 1,494,801 | ▲ 53% |
| Cash | € 170 | € 178 | € 87 | € 2,779 | ▲ € 2,692 |
| Land & buildings | € 34,240 | € 20,640 | € 0 | € 648,910 | |
| Retained profit | € 24,826 | € -35,631 | € -32,762 | € -29,201 | ▲ € 3,561 |
| Bank debt | € 850,046 | € 826,905 | € 821,251 | € 777,274 | ▼ 5% |
| Balance sheet total | € 1,266,731 | € 1,181,815 | € 1,188,748 | € 1,710,600 | ▲ 44% |
Key figures of Select-Panels, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Select-Panels?
What happened at Select-Panels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,561 (▲ 24% vs 2024). Source: NBB ↗
- Veronique Seyns stepped down as director. NBB
- Xavier Delodder stepped down as director. NBB
- Piet Delodder stepped down as director. NBB
- Xavier Delodder became a director. NBB
- Piet Delodder became a director. NBB
- Veronique Seyns became a director. NBB
- New establishment in Waregem. KBO
In short
From € 14,878 loss in 2022 to € 3,561 profit in 2025.
Paid € 2,630 in corporate taxes since 2022.
Best year ever: 2025, with € 3,561 profit.
Management
Directors
According to the 2025 annual accounts
since 2002 · until 2026
since 2020 · until 2026
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Nijverheidstraat 45 box B
8791 Waregem
Nijverheidstraat 45B
8792 Waregem
Active since 9 March 1983
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0423.839.322
- VAT number
- BE 0423.839.322
- Registered office
- Nijverheidstraat 45 bus B, 8791 Waregem
- Names & denominations
- Select-Panels
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 1983
- Peppol
- Active · Active since 16 Apr 2026
- Activities · NACE
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Overige groothandel
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige activiteiten i .v.m. administratie, n.e.g.
Diverse administratieve activiteiten ten behoeve van kantoren