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 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SELECT CITY BUILDING from Zedelgem, company number BE0472319823, closed financial year 2025 with a result of € 291,731 after tax. For that financial year SELECT CITY BUILDING recorded a gross margin of € 235,821 and equity of € 630,850. Compared with financial year 2024, the result moved from € 439,714 to € 291,731. The company is profitable. 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 March 31, 2026.
€ 630,850
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 291,731
▼ 34% vs 2024
Profit after tax over the fiscal year.
€ 114,848
▼ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 210,000 paid out
72 % of the profit went to the shareholders, mostly to SEB, BAS, TIEN en Co (100 % of the shares). That is where the money ends up.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 152
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 446
▲ € 423 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 | € 104,747 | € 224,648 | € 484,244 | € 235,821 | ▼ 51% |
| Profit after taxes | € 51,294 | € 168,518 | € 439,714 | € 291,731 | ▼ 34% |
| Equity | € 549,088 | € 549,105 | € 549,119 | € 630,850 | ▲ 15% |
| Total debts | € 1,859,386 | € 1,823,380 | € 1,571,123 | € 638,055 | ▼ 59% |
| Cash | € 34,496 | € 218,297 | € 291,241 | € 114,848 | ▼ 61% |
| Land & buildings | € 309,083 | € 298,349 | € 287,615 | € 276,882 | ▼ 4% |
| Retained profit | € 487,088 | € 487,105 | € 487,119 | € 568,850 | ▲ 17% |
| Dividend | € 51,000 | € 168,500 | € 439,700 | € 210,000 | ▼ 52% |
| Bank debt | € 1,016,598 | € 823,761 | € 201,724 | € 0 | ▼ 100% |
| Balance sheet total | € 2,408,474 | € 2,372,486 | € 2,120,242 | € 1,268,905 | ▼ 40% |
Key figures of SELECT CITY BUILDING, 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 March 2027.
What happened to SELECT CITY BUILDING?
What happened at SELECT CITY BUILDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 291,731 (▼ 34% vs 2024). Source: NBB ↗
- New establishment in Zedelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 51,294 profit in 2022 to € 291,731 profit in 2025.
Paid € 636 in corporate taxes since 2022.
Best year ever: 2024, with € 439,714 profit.
Paid out € 869,200 in dividends to the owners in total.
Management
The stake of SEB, BAS, TIEN en Co comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SELECT CITY BUILDINGBehind SELECT CITY BUILDING are BILLY BV and Carine Baert. The shares are held by SEB, BAS, TIEN en Co (100%). It owns 100% of Domucare itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Stefaan Vandaele
Also active at: SEB BUILDING, BUILDING ASSOCIATION, TIEN BUILDING, SEB, BAS, TIEN en Co, North Sea Dream, DOMUCARE, D. & S. BUILDING
Carine Baert
Director
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Heidelbergstraat 26/A
8210 Zedelgem
Heidelbergstraat 26 box A
8210 Zedelgem
Active since 21 November 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.319.823
- VAT number
- BE 0472.319.823
- Registered office
- Heidelbergstraat 26/A, 8210 Zedelgem
- Names & denominations
- SELECT CITY BUILDING · INNEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 July 2000
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Handel in eigen onroerend goed
Bouw van andere civieltechnische werken, neg