Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SELECT-TIFS from Herve, company number BE0431543892, closed financial year 2025 with a result of € 1,749 after tax. For that financial year SELECT-TIFS recorded a gross margin of € 2,079 and equity of € -77,600. Compared with financial year 2024, the result moved from € 2,151 to € 1,749. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ -77,600
▲ € 1,749 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,749
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 39
▼ 2% 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 € -84,293.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,261
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 437 | € 2,419 | € 2,151 | € 2,079 | ▼ 3% |
| Profit after taxes | € 90 | € 2,419 | € 2,151 | € 1,749 | ▼ 19% |
| Equity | € -83,920 | € -81,501 | € -79,350 | € -77,600 | ▲ € 1,749 |
| Total debts | € 84,134 | € 81,505 | € 79,389 | € 77,639 | ▼ 2% |
| Cash | € 215 | € 4 | € 39 | € 39 | ▼ 2% |
| Retained profit | € -90,613 | € -88,194 | € -86,043 | € -84,293 | ▲ € 1,749 |
| Balance sheet total | € 215 | € 4 | € 39 | € 39 | ▼ 2% |
Key figures of SELECT-TIFS, 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 SELECT-TIFS?
What happened at SELECT-TIFS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,749 (▼ 19% vs 2024). filed late Source: NBB ↗
- New establishment in Herve. KBO
- Start of the company according to the CBE. KBO
In short
From € 90 profit in 2022 to € 1,749 profit in 2025.
Best year ever: 2023, with € 2,419 profit.
Management
Behind SELECT-TIFS is Sabine HOUGARDY.
Directors
According to the 2025 annual accounts
Sabine HOUGARDY
Director
Establishments
Establishment units
Physical locations of this company
Rue de la Station 53
4650 Herve
Rue de la Station 46
4650 Herve
Active since 13 August 1987
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.543.892
- VAT number
- BE 0431.543.892
- Registered office
- Rue de la Station 53, 4650 Herve
- Names & denominations
- SELECT-TIFS
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 25 June 1987
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Kappers- en barbiersactiviteiten
Kapsalons
Haarverzorging
Detailhandel in cosmetica en toiletartikelen