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 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SELEX'IM from Dalhem, company number BE0896557934, closed financial year 2025 with a result of € 17,542 after tax. For that financial year SELEX'IM recorded a gross margin of € 64,443 and equity of € 460,257. Compared with financial year 2024, the result moved from € 6,825 to € 17,542. Profitable, and profit is growing. The buffer shrank hard: equity is 57 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 460,257
▼ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,542
▲ 157% vs 2024
Profit after tax over the fiscal year.
€ 35,175
▲ 162% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 639,650 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1.8
Average over the fiscal year, from the social balance sheet.
€ 37,351
▼ 9% vs 2024
€ 20,800 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 29,725
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,109
▲ 8% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 627,895 | € 126,391 | € 83,379 | € 64,443 | ▼ 23% |
| Profit after taxes | € 437,460 | € 2,269 | € 6,825 | € 17,542 | ▲ 157% |
| Equity | € 1,107,471 | € 1,109,741 | € 1,082,365 | € 460,257 | ▼ 57% |
| Total debts | € 569,918 | € 250,945 | € 256,210 | € 1,050,687 | ▲ € 794,477 |
| Cash | € 108,569 | € 74,763 | € 13,434 | € 35,175 | ▲ 162% |
| Retained profit | € 1,088,871 | € 1,091,141 | € 1,063,765 | € 441,657 | ▼ 58% |
| Dividend | € 75,000 | € 0 | € 34,200 | € 639,650 | ▲ € 605,450 |
| Bank debt | € 260,756 | € 200,000 | € 196,958 | € 0 | ▼ 100% |
| Balance sheet total | € 1,677,389 | € 1,360,685 | € 1,338,575 | € 1,510,944 | ▲ 13% |
| Employees (FTE) | 1.8 | 2 | 1.8 | 1.8 |
Key figures of SELEX'IM, 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 SELEX'IM?
What happened at SELEX'IM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,542 (▲ 157% vs 2024). Source: NBB ↗
- New establishment in Dalhem. KBO
- Start of the company according to the CBE. KBO
In short
From € 437,460 profit in 2022 to € 17,542 profit in 2025.
Paid € 173,588 in corporate taxes since 2022.
Best year ever: 2022, with € 437,460 profit.
On average € 35,800 of value added per employee in 2025.
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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
Behind SELEX'IM are Fabrice JANSSEN and Valérie MUSIEAUX. It owns 50% of M2B itself.
Directors
According to the 2025 annual accounts
Fabrice JANSSEN
Director
Valérie MUSIEAUX
Director
Establishments
Establishment units
Physical locations of this company
La Saulx(FEN) 3
4607 Dalhem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0896.557.934
- VAT number
- BE 0896.557.934
- Registered office
- La Saulx(FEN) 3, 4607 Dalhem
- Names & denominations
- SELEX'IM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 March 2008
- Peppol
- Active · Active since 14 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen