Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PelSel from Waterloo, company number BE0793576301, closed financial year 2025 with a result of € 31,186 after tax. For that financial year PelSel recorded a gross margin of € 183,690 and equity of € 8,954. Compared with financial year 2024, the result moved from € -45,302 to € 31,186. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ 8,954
▲ € 31,186 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,186
▲ still € 45,302 loss in 2024
Profit after tax over the fiscal year.
€ 7,789
▲ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -91,046.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 115,386
▼ 18% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,477
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 39,402
▼ 31% vs 2024
€ 13,236 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 37,276
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,603
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 119,293 | € 130,757 | € 183,690 | ▲ 40% |
| Profit after taxes | € -76,929 | € -45,302 | € 31,186 | ▲ € 76,488 |
| Equity | € 23,071 | € -22,232 | € 8,954 | ▲ € 31,186 |
| Total debts | € 175,040 | € 196,411 | € 124,332 | ▼ 37% |
| Cash | € 22,465 | € 4,273 | € 7,789 | ▲ 82% |
| Retained profit | € -76,929 | € -122,232 | € -91,046 | ▲ € 31,186 |
| Bank debt | € 74,376 | € 57,214 | € 39,402 | ▼ 31% |
| Balance sheet total | € 198,111 | € 174,179 | € 133,286 | ▼ 23% |
Key figures of PelSel, fiscal years 2023 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 PelSel?
What happened at PelSel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,186. filed late Source: NBB ↗
- New establishment in Waterloo. KBO
- Vedat Bulbul became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 76,929 loss in 2023 to € 31,186 profit in 2025.
Paid € 1,472 in corporate taxes since 2023.
Best year ever: 2025, with € 31,186 profit.
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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
Management
Directors
According to the 2025 annual accounts
Vedat Bulbul
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Chaussée de Bruxelles 200D
1410 Waterloo
Chaussée de Bruxelles 200 box D
1410 Waterloo
Active since 15 November 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0793.576.301
- VAT number
- BE 0793.576.301
- Registered office
- Chaussée de Bruxelles 200D, 1410 Waterloo
- Names & denominations
- PelSel
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 2022
- Peppol
- Active · Active since 8 Nov 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Cateringdiensten op contractbasis en overige diensten in verband met maaltijden
Eetgelegenheden met beperkte bediening
Overige eetgelegenheden
Groothandel in koffie, thee, cacao en specerijen
Overige detailhandel in voedingsmiddelen, neg
Cafés en bars
Vervaardiging van bereide maaltijden en schotels
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