Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 53.1 to 47.6.
Financials
Financial year 2025
raamSELECT from Rijkevorsel, company number BE0426598179, closed financial year 2025 with a result of € 2 million after tax. For that financial year raamSELECT recorded revenue of € 13 million and equity of € 8.5 million. Compared with financial year 2024, the result moved from € 1.4 million to € 2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ 8.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ 42% vs 2024
Profit after tax over the fiscal year.
€ 903,310
▲ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
98 % of the profit went to the shareholders, mostly to Groep De Keyser (99 % of the shares). That is where the money ends up.
People and assets in 2025
47.6
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
€ 68,500 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.
€ 497,275
▲ 32% vs 2024
Of which on lease € 203,970.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 294,991
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 15 days on average.
€ 223,404
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,252,295 | € 13,844,679 | € 12,340,660 | € 12,967,361 | ▲ 5% |
| Profit after taxes | € 1,340,856 | € 2,174,408 | € 1,401,360 | € 1,995,421 | ▲ 42% |
| Equity | € 8,423,590 | € 8,440,810 | € 8,482,171 | € 8,512,592 | |
| Total debts | € 1,914,488 | € 4,128,013 | € 2,141,279 | € 2,760,334 | ▲ 29% |
| Cash | € 775,346 | € 718,095 | € 753,369 | € 903,310 | ▲ 20% |
| Retained profit | € 8,299,644 | € 8,316,864 | € 8,358,224 | € 8,388,645 | |
| Dividend | € 1,314,000 | € 2,157,188 | € 1,360,000 | € 1,965,000 | ▲ 44% |
| Bank debt | € 0 | € 1,000,000 | € 0 | € 0 | |
| Balance sheet total | € 10,351,192 | € 12,583,383 | € 10,631,002 | € 11,282,127 | ▲ 6% |
| Employees (FTE) | 51.2 | 53.1 | 50.1 | 47.6 | ▼ 2.5 |
Key figures of raamSELECT, 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 raamSELECT?
What happened at raamSELECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GROEP DE KEYSER NV stepped down as director. NBB
- Hendrik DE KEYSER stepped down as director. NBB
- Michaël Minten stepped down as director. NBB
- Stijn Hoskens stepped down as director. NBB
- SAVEC BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2 million (▲ 42% vs 2024). Source: NBB ↗
- Toon Martens stepped down as director. NBB
- Nick Martens stepped down as director. NBB
In short
From € 1.3 million profit in 2022 to € 2 million profit in 2025.
Paid € 67,762 in corporate taxes since 2022.
Best year ever: 2023, with € 2.2 million profit.
Paid out € 6.8 million in dividends to the owners in total.
Management
The stake of Groep De Keyser comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
raamSELECTThe shares are held by Groep De Keyser (99.3%).
Directors
According to the 2025 annual accounts
since 2023 · until 2026
Managing director · represented by Wendy De Keyser
Also active at: T.I.T.C., Parfimo, Rik De Keyser, IMMO R.D.K., De Maegerhoef
since 2023 · until 2029
Hendrik DE KEYSER
Managing director
Also active at: T.I.T.C., Parfimo, Rik De Keyser, IMMO R.D.K., De Maegerhoef, Groep De Keyser
since 2023 · until 2029
since 2023 · until 2026
since 2023 · until 2029
Stijn Hoskens
Director
since 2023 · until 2029
Managing director · represented by Sven De Keyser
Also active at: T.I.T.C., Parfimo, Rik De Keyser, IMMO R.D.K., De Maegerhoef, Groep De Keyser
since 2023 · until 2029
Shareholders
99.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Merksplassesteenweg 18
2310 Rijkevorsel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →T.I.T.C. same network
€ -2,416 gross margin · 2025
Parfimo same network
€ 776,615 gross margin · 2025
Rik De Keyser same network
€ 27.5 million revenue · 2025
IMMO R.D.K. same network
€ 4.7 million gross margin · 2025
De Maegerhoef same network
€ -2,982 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.598.179
- VAT number
- BE 0426.598.179
- Registered office
- Merksplassesteenweg 18, 2310 Rijkevorsel
- Names & denominations
- raamSELECT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 1984
- Peppol
- Active · Active since 9 Apr 2025
- Contact
- [email protected]
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof