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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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2026; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2026
SELECT INVEST from Elsene, company number BE0442946837, closed financial year 2026 with a result of € 13,940 after tax. For that financial year SELECT INVEST recorded a gross margin of € 258,336 and equity of € 4.5 million. Compared with financial year 2025, the result moved from € 1,917 to € 13,940. Profitable, and profit is growing. 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 October 9, 2026.
€ 4.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,940
▲ € 12,023 vs 2025
Profit after tax over the fiscal year.
€ 9,629
▼ 88% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 258,048 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2026
€ 3.1 million
Loans from banks and other lenders, long and short.
€ 19,932
▼ 5% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 60,624
▲ 41% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 213,043 | € 152,539 | € 195,907 | € 258,336 | ▲ 32% |
| Profit after taxes | € 140,830 | € 11,841 | € 1,917 | € 13,940 | ▲ € 12,023 |
| Equity | € 5,892,628 | € 5,904,469 | € 4,559,443 | € 4,539,341 | |
| Total debts | € 1,634,671 | € 1,662,971 | € 3,126,264 | € 3,213,583 | ▲ 3% |
| Cash | € 12,121 | € 11,137 | € 78,729 | € 9,629 | ▼ 88% |
| Land & buildings | € 477,988 | € 500,637 | € 548,806 | € 554,952 | ▲ 1% |
| Retained profit | € 5,644,251 | € 5,656,092 | € 4,311,066 | € 4,290,964 | |
| Dividend | € 170,572 | € 0 | € 1,346,943 | € 258,048 | ▼ 81% |
| Bank debt | € 74,231 | € 0 | € 0 | € 3,124,170 | |
| Balance sheet total | € 7,527,299 | € 7,567,440 | € 7,685,707 | € 7,752,924 | ▲ 1% |
Key figures of SELECT INVEST, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to SELECT INVEST?
What happened at SELECT INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 13,940 (▲ € 12,023 vs 2025). Source: NBB ↗
- Pascal AELVOET became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 140,830 profit in 2023 to € 13,940 profit in 2026.
Paid € 42,047 in corporate taxes since 2023.
Best year ever: 2023, with € 140,830 profit.
Paid out € 1.8 million in dividends to the owners in total.
Management
Behind SELECT INVEST is Pascal AELVOET. It owns 95% of LAMBERT ADNET and 10% of AELVOET HOME INVESTMENTS itself.
Directors
According to the 2026 annual accounts
Pascal AELVOET
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Hellenenstraat 55
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0442.946.837
- VAT number
- BE 0442.946.837
- Registered office
- Hellenenstraat 55, 1050 Elsene
- Names & denominations
- SELECT INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 1990
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen