Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2026.
Financials
Financial year 2026
SELECT + from Brugge, company number BE0474603182, closed financial year 2026 with a result of € 50,579 after tax. For that financial year SELECT + recorded revenue of € 55.9 million and equity of € 1.7 million. Compared with financial year 2025, the result moved from € 92,758 to € 50,579. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 22, 2026.
€ 1.7 million
▲ 3% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 50,579
▼ 45% vs 2025
Profit after tax over the fiscal year.
€ 6.1 million
▲ € 5.2 million vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 1.7 million.
People and assets in 2026
6
▲ 0.1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 360,292
▼ 1% vs 2025
€ 60,000 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.
€ 34,602
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 4 million
€ 6,968 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 5.1 million
▲ 65% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
€ 45,232
▼ 14% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 63,782,479 | € 59,387,973 | € 59,869,323 | € 55,912,607 | ▼ 7% |
| Profit after taxes | € 438,477 | € 89,199 | € 92,758 | € 50,579 | ▼ 45% |
| Equity | € 1,509,067 | € 1,598,266 | € 1,691,024 | € 1,741,603 | ▲ 3% |
| Total debts | € 5,899,672 | € 4,020,987 | € 3,126,761 | € 9,208,806 | ▲ 195% |
| Cash | € 824,977 | € 558,977 | € 920,736 | € 6,149,979 | ▲ € 5.2 million |
| Retained profit | € 1,490,317 | € 1,579,516 | € 1,672,274 | € 1,722,853 | ▲ 3% |
| Bank debt | € 41,796 | € 0 | € 0 | € 4,031,009 | |
| Balance sheet total | € 7,408,739 | € 5,619,252 | € 4,817,785 | € 10,950,409 | ▲ 127% |
| Employees (FTE) | 1.3 | 5.4 | 5.9 | 6 | ▲ 0.1 |
Key figures of SELECT +, 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 +?
What happened at SELECT + in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 50,579 (▼ 45% vs 2025). Source: NBB ↗
- Didier Clerx became a director. NBB
- Connect+ BV became a director. NBB
- Wim Heylen stepped down as director. NBB
- Olivier Lanckriet BV stepped down as director. NBB
- Wim Heylen became a director. NBB
- Olivier Lanckriet BV became a director. NBB
- New establishment in Brugge. KBO
In short
From € 438,477 profit in 2023 to € 50,579 profit in 2026.
Paid € 235,386 in corporate taxes since 2023.
Best year ever: 2023, with € 438,477 profit.
Pays suppliers within 33 days on average.
Management
The stake of Distritech 21 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SELECT +Behind SELECT + are Didier Clerx and Connect+ BV. The shares are held by Distritech 21 (100%).
Directors
According to the 2026 annual accounts
Didier Clerx
Director
Also active at: RONALD VANDEPUTTE, LANCKRIET ANDRE, HERMANS HEFTRUCKS, Heylen Remi, EURO FRESH FOODS, TUVO, DRU INTERNATIONAL, D & D COMPUTERS +59 more
since 2024
Director · represented by Wim Heylen
Also active at: LANCKRIET ANDRE, BMS Distributions, CONNECT PLUS INSURANCE BROKERS, ELECTRO LOGISTICS GROUP, KITCHEN & BATHROOM GROUP
since 2024
Wim Heylen
Director
Also active at: RONALD VANDEPUTTE, Eltra, Société Anversoise Immobilière et de Placements du Centre, LANCKRIET ANDRE, HERMANS HEFTRUCKS, Heylen Remi, EURO FRESH FOODS, TUVO +97 more
since 2019 · until 2024
Director · represented by Olivier Lanckriet
Also active at: LANCKRIET ANDRE, SCHELLAERT, SELECT + PRO, RETAIL SUPPORT GROUP, ACTIV ELECTRO, VASTGOED SCHEPENS, STELLAR, BRIO GROUP +10 more
since 2019 · until 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Koffieweg 48
8380 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →LANCKRIET ANDRE same network
€ 178.5 million revenue · 2026
RETAIL SUPPORT GROUP same network
€ 39.3 million revenue · 2026
ELECTRO RETAIL GROUP same network
€ 69.8 million revenue · 2026
ACTIV ELECTRO same network
€ 106,414 gross margin · 2025
CONNECT PLUS INSURANCE BROKERS same network
€ 1,136 gross margin · 2026
+1 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
- 0474.603.182
- VAT number
- BE 0474.603.182
- Registered office
- Koffieweg 48, 8380 Brugge
- Names & denominations
- SELECT +
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 2001
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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+4