Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 1.2 to 0.8.
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Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Part - Selekt from Hasselt, company number BE0437471384, closed financial year 2024 with a result of € -1.6 million after tax. For that financial year Part - Selekt recorded a gross margin of € -601,847 and equity of € 308,442. Compared with financial year 2023, the result moved from € -46,410 to € -1.6 million. The company made a loss. The buffer shrank hard: equity is 89 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2025.
€ 308,442
▼ 89% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▼ 3376 % more loss than in 2023
Profit after tax over the fiscal year.
€ 2,085
▼ 17% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 219,442.
People and assets in 2024
0.8
▼ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 56,885
▼ 22% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 5.3 million
▼ 12% vs 2023
€ 57,604 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 1.3 million
▲ € 1.3 million vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 47,588
▲ 147% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,407,542 | € 189,766 | € 219,731 | € -601,847 | ▼ € 821,577 |
| Profit after taxes | € 970,603 | € 5,128 | € -46,410 | € -1,613,050 | ▼ € 1.6 million |
| Equity | € 2,762,774 | € 2,767,902 | € 2,721,492 | € 308,442 | ▼ 89% |
| Total debts | € 3,232,214 | € 2,741,061 | € 6,083,910 | € 7,173,070 | ▲ 18% |
| Cash | € 376,176 | € 3,441 | € 2,500 | € 2,085 | ▼ 17% |
| Land & buildings | € 1,517,141 | € 2,105,446 | € 2,321,812 | € 2,157,343 | ▼ 7% |
| Retained profit | € 2,673,774 | € 2,678,902 | € 2,632,492 | € 219,442 | ▼ 92% |
| Dividend | € 2,675,000 | € 0 | € 0 | € 800,000 | |
| Bank debt | € 2,724,376 | € 2,199,762 | € 5,998,012 | € 5,292,203 | ▼ 12% |
| Balance sheet total | € 6,796,322 | € 6,295,829 | € 9,572,413 | € 7,507,843 | ▼ 22% |
| Employees (FTE) | 0.3 | 1.2 | 1 | 0.8 | ▼ 0.2 |
Key figures of Part - Selekt, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Part - Selekt?
What happened at Part - Selekt in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 1.6 million. Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 970,603 profit in 2021 to € 1.6 million loss in 2024.
Paid € 404,559 in corporate taxes since 2021.
Best year ever: 2021, with € 970,603 profit.
On average € 219,700 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Establishments
Establishment units
Physical locations of this company
Trekschurenstraat 245
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 30 companies are registered at this address.
All companies at this address →A.VERELST BOX 4 GROND
€ -3,813 gross margin · 2024
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+25 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
- 0437.471.384
- VAT number
- BE 0437.471.384
- Registered office
- Trekschurenstraat 245, 3500 Hasselt
- Names & denominations
- Part - Selekt
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 May 1989
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
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