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 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SELA PROJECT from Peer, company number BE1006677480, closed financial year 2025 with a result of € 43,523 after tax. For that financial year SELA PROJECT recorded a gross margin of € 65,578 and equity of € 63,384. Compared with financial year 2024, the result moved from € 14,861 to € 43,523. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 63,384
▲ 219% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,523
▲ 193% vs 2024
Profit after tax over the fiscal year.
€ 48,921
▲ 106% 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 € 58,384.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 139,512
€ 34,293 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 367
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,119
▲ 104% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 19,277 | € 65,578 | ▲ 240% |
| Profit after taxes | € 14,861 | € 43,523 | ▲ 193% |
| Equity | € 19,861 | € 63,384 | ▲ 219% |
| Total debts | € 9,597 | € 227,915 | ▲ € 218,319 |
| Cash | € 23,725 | € 48,921 | ▲ 106% |
| Retained profit | € 14,861 | € 58,384 | ▲ 293% |
| Bank debt | € 0 | € 139,512 | |
| Balance sheet total | € 29,458 | € 291,300 | ▲ € 261,842 |
Key figures of SELA PROJECT, fiscal years 2024 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 SELA PROJECT?
What happened at SELA PROJECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,523 (▲ 193% vs 2024). Source: NBB ↗
- New establishment in Peer. KBO
- Start of the company according to the CBE. KBO
- Staf Morren became a director. NBB
In short
From € 14,861 profit in 2024 to € 43,523 profit in 2025.
Paid € 20,352 in corporate taxes since 2024.
Best year ever: 2025, with € 43,523 profit.
Management
Behind SELA PROJECT is Staf Morren. It owns 48% of VAMO itself.
Directors
According to the 2025 annual accounts
since 2024
Establishments
Establishment units
Physical locations of this company
Laarderweg 87
3990 Peer
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1006.677.480
- VAT number
- BE 1006.677.480
- Registered office
- Laarderweg 87, 3990 Peer
- Names & denominations
- SELA PROJECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 2024
- Peppol
- Active · Active since 23 May 2025
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