Financials
Financial year 2025
Iwan Sels from Oud-Turnhout, company number BE0774863219, closed financial year 2025 with a result of € -7,102 after tax. For that financial year Iwan Sels recorded a gross margin of € 5,493 and equity of € 20,300. Compared with financial year 2024, the result moved from € 5,106 to € -7,102. The company made a loss. 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 July 31, 2026.
€ 20,300
▼ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,102
▼ still € 5,106 profit in 2024
Profit after tax over the fiscal year.
€ 4,626
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 17,300.
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.
€ 508
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 176
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 | € 31,399 | € 27,223 | € 23,173 | € 5,493 | ▼ 76% |
| Profit after taxes | € 14,006 | € 10,090 | € 5,106 | € -7,102 | ▼ € 12,208 |
| Equity | € 15,406 | € 23,896 | € 27,402 | € 20,300 | ▼ 26% |
| Total debts | € 42,926 | € 54,428 | € 27,554 | € 14,968 | ▼ 46% |
| Cash | € 1,414 | € 6,932 | € 6,002 | € 4,626 | ▼ 23% |
| Retained profit | € 12,406 | € 20,896 | € 24,402 | € 17,300 | ▼ 29% |
| Dividend | € 1,600 | € 1,600 | € 1,600 | € 0 | ▼ 100% |
| Bank debt | € 32,375 | € 18,024 | € 5,000 | € 0 | ▼ 100% |
| Balance sheet total | € 58,332 | € 78,324 | € 54,956 | € 35,268 | ▼ 36% |
Key figures of Iwan Sels, 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 Iwan Sels?
What happened at Iwan Sels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,102 (▼ € 12,208 vs 2024). Source: NBB ↗
- New establishment in Oud-Turnhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,006 profit in 2022 to € 7,102 loss in 2025.
Paid € 11,538 in corporate taxes since 2022.
Best year ever: 2022, with € 14,006 profit.
Paid out € 4,800 in dividends to the owners in total.
Management
Behind Iwan Sels is Iwan Sels.
Directors
According to the 2025 annual accounts
Iwan Sels
Director
Establishments
Establishment units
Physical locations of this company
Ploegstraat 3
2360 Oud-Turnhout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0774.863.219
- VAT number
- BE 0774.863.219
- Registered office
- Ploegstraat 3, 2360 Oud-Turnhout
- Names & denominations
- Iwan Sels
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2021
- Peppol
- Active · Active since 2 May 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Installatie van isolatie
Stukadoorswerk
Overige bouwinstallatie
Dakwerkzaamheden
Overige bouwinstallatie, n.e.g.
Isolatiewerkzaamheden