ACTIVE

SELECTAIR

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Financial year 2025 · closed on 31/12/2025

Net result

-9,2 k €

-212.0% YoY

Gross margin

268,7 k €

+11.4% YoY

Equity

395,4 k €

-1.7% YoY

Workforce

3,1 ETP

+10.7% YoY

What does SELECTAIR do?

SELECTAIR is a Cooperative society incorporated in 1981. Its registered office is in Vilvoorde. It employs on average 3,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.875.557

Incorporation

01/12/1981

Legal form

Cooperative society

Registered office

Mechelsesteenweg 518 box C02
1800 Vilvoorde · FlandreSee on map

Contributed capital

93 750,00 €

Latest accounts

31/12/2025

Average workforce

3,1 ETP

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	268,7 k €	+11.4%	241,2 k €	-4.1%	251,4 k €	-4.6%	263,4 k €	-10.5%	294,2 k €	-0.9%	297 k €	-14.6%	347,8 k €	+14.8%	303 k €	-17.7%	368,2 k €	+9.1%	337,5 k €	-5.3%	356,6 k €	+27.4%	279,8 k €	+54.3%	181,3 k €	-19.3%	224,7 k €	+17.2%	191,8 k €	-5.4%	202,7 k €	+2.9%	197 k €	+92.1%	102,5 k €	-33.5%	154,1 k €
EBITDA	5,6 k €	-82.8%	32,7 k €	-35.3%	50,5 k €	-40.4%	84,8 k €	-36.1%	132,8 k €	+10.9%	119,7 k €	-23.6%	156,6 k €	+122%	70,5 k €	-41.3%	120,1 k €	+9.4%	109,8 k €	-17.1%	132,4 k €	+78.8%	74 k €	+134%	31,7 k €	-24.7%	42 k €	+18.6%	35,4 k €	-2.6%	36,4 k €	-11.2%	41 k €	+2013%	-2,1 k €	-114%	15,5 k €
Operating result	-8,2 k €	-148%	17,1 k €	+68.6%	10,1 k €	-43.3%	17,8 k €	-67.5%	54,9 k €	+79.2%	30,7 k €	-53.3%	65,7 k €	+1233%	4,9 k €	-93.1%	70,9 k €	+4.2%	68,1 k €	-42.6%	118,7 k €	+119%	54,2 k €	+218%	17 k €	-34.7%	26,1 k €	+44.5%	18 k €	+8.9%	16,6 k €	-27.1%	22,7 k €	+4786%	-484,9 €	-104%	11,6 k €
Net result	-9,2 k €	-212%	8,2 k €	+287%	2,1 k €	-41.3%	3,6 k €	-91.6%	42,6 k €	+212%	13,7 k €	-67.5%	42,1 k €	+1251%	-3,7 k €	-109%	41,6 k €	+0.2%	41,5 k €	-38.2%	67,2 k €	+249%	19,2 k €	+136%	8,2 k €	+520%	1,3 k €	-45.8%	2,4 k €	-40.4%	4,1 k €	-7.9%	4,4 k €	+10.2%	4 k €	-18.7%	4,9 k €
Balance sheet
Equity	395,4 k €	-1.7%	402,1 k €	+2.4%	392,6 k €	-0.4%	394,3 k €	-0.4%	395,7 k €	+9.0%	363,1 k €	-0.4%	364,4 k €	+10.5%	329,8 k €	-1.8%	335,9 k €	+14.6%	293,1 k €	+14.2%	256,6 k €	+39.2%	184,4 k €	+10.8%	166,4 k €	+6.0%	157 k €	+7.8%	145,7 k €	-2.6%	149,5 k €	+4.6%	142,9 k €	+2.3%	139,7 k €	+0.2%	139,5 k €
Total assets	628,3 k €	-6.0%	668,2 k €	+2.2%	654,1 k €	-23.0%	849,4 k €	+26.4%	671,9 k €	-0.9%	677,8 k €	+2.4%	661,9 k €	-20.5%	832,8 k €	-12.1%	947 k €	+14.8%	825,2 k €	-17.6%	1 M €	+39.3%	719,1 k €	-20.0%	898,9 k €	+31.7%	682,5 k €	+6.9%	638,2 k €	+12.8%	565,6 k €	-13.3%	652,6 k €	-13.4%	753,4 k €	-7.1%	811,2 k €
Cash	127,6 k €	-28.6%	178,7 k €	-61.4%	462,5 k €	-18.3%	566,1 k €	+73.7%	325,9 k €	+19.5%	272,8 k €	+115%	126,8 k €	-41.6%	217,1 k €	-46.6%	406,8 k €	+126%	179,8 k €	-53.2%	384,6 k €	+216%	121,8 k €	-75.4%	495,6 k €	+126%	219,2 k €	+7.3%	204,3 k €	+56.5%	130,6 k €	-28.9%	183,8 k €	-39.6%	304,1 k €	-36.7%	480,7 k €
Debts	231,5 k €	-13.0%	266,1 k €	+3.4%	257,3 k €	-38.7%	419,6 k €	+52.6%	274,9 k €	-10.7%	307,8 k €	+4.1%	295,7 k €	-34.5%	451,6 k €	+0.8%	448,2 k €	+33.2%	336,5 k €	-49.4%	664,4 k €	+38.9%	478,3 k €	-33.8%	722,6 k €	+43.1%	504,8 k €	+2.5%	492,5 k €	+18.4%	416,1 k €	-17.4%	503,9 k €	-15.6%	596,8 k €	-7.6%	646 k €
Other
Workforce	3,1 ETP	+10.7%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	-6.7%	3,0 ETP	-11.8%	3,4 ETP	+9.7%	3,1 ETP	-26.2%	4,2 ETP	+2.4%	4,1 ETP	+2.5%	4,0 ETP	+42.9%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	-22.2%	3,6 ETP	-5.3%	3,8 ETP	+52.0%	2,5 ETP	-10.7%	2,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 58 ended

Active mandates

MIEKE VERVAECKE

Director · since 16 mars 2025 · until 16 mars 2028

Active

PIETER DEMUYNCK

Director · since 16 mars 2025 · until 16 mars 2028

Active

TIM DE VUYST

Director · since 16 mars 2025 · until 16 mars 2028

Active

GEERT GAENS

Director · since 17 mars 2024 · until 21 mars 2027

Active

GLENN STEVENS

Director · since 17 mars 2024 · until 21 mars 2027

Active

MARTINE DEWISPELAERE

Director · since 17 mars 2024 · until 15 mars 2026

Active

PHILIPPE BELLEMANS

Director · since 17 mars 2024 · until 21 mars 2027

Active

HILDE DE BACKER

Director · since 05 mars 2023 · until 15 mars 2026

Active

PATRICK DE VOS

Director · since 05 mars 2023 · until 15 mars 2026

Active

Ended mandates

Martine Dewispelaere

Director · since 17 mars 2024

Ended

Philippe Bellemans

Director · since 17 mars 2024

Ended

Glenn Stevens

Director · since 28 février 2021

Ended

GLENN STEVENS

Director · since 28 février 2021 · until 25 février 2024

Ended

At this address

Other companies at this address

Company	CBE no.
AMG.EA Renovations● Active	1035.100.163

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/04/2026	11/04/2025	21/03/2024	24/03/2023	05/04/2022	28/03/2021
General meeting	15/03/2026	16/03/2025	17/03/2024	05/03/2023	06/03/2022	28/02/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/03/2026	14/04/2026	Dutch	PDF
Abridged model	31/12/2024	16/03/2025	11/04/2025	Dutch	PDF
Abridged model	31/12/2023	17/03/2024	21/03/2024	Dutch	PDF
Abridged model	31/12/2022	05/03/2023	24/03/2023	Dutch	PDF
Abridged model	31/12/2021	06/03/2022	05/04/2022	Dutch	PDF
Abridged model	31/12/2020	28/02/2021	28/03/2021	Dutch	PDF
Abridged model	31/12/2019	08/03/2020	17/03/2020	Dutch	PDF
Abridged model	31/12/2018	24/02/2019	25/03/2019	Dutch	PDF
Abridged model	31/12/2017	25/02/2018	28/03/2018	Dutch	PDF
Abridged model	31/12/2016	12/03/2017	12/04/2017	Dutch	PDF
Abridged model	31/12/2015	28/02/2016	08/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/03/2015	16/03/2015	Dutch	PDF
Abridged model	31/12/2013	23/02/2014	04/03/2014	Dutch	PDF
Abridged model	31/12/2012	24/02/2013	20/03/2013	Dutch	PDF
Abridged model	31/12/2011	04/03/2012	05/03/2012	Dutch	PDF
Abridged model	31/12/2010	27/02/2011	08/03/2011	Dutch	PDF
Abridged model	31/12/2009	28/02/2010	19/03/2010	Dutch	PDF
Abridged model	31/12/2008	08/03/2009	20/03/2009	Dutch	PDF
Abridged model	31/12/2007	24/02/2008	07/03/2008	Dutch	PDF
Abridged model	31/12/2006	25/02/2007	16/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 58 ended

Active mandates

MIEKE VERVAECKE

Director · since 16 mars 2025 · until 16 mars 2028

Active

PIETER DEMUYNCK

Director · since 16 mars 2025 · until 16 mars 2028

Active

TIM DE VUYST

Director · since 16 mars 2025 · until 16 mars 2028

Active

GEERT GAENS

Director · since 17 mars 2024 · until 21 mars 2027

Active

GLENN STEVENS

Director · since 17 mars 2024 · until 21 mars 2027

Active

MARTINE DEWISPELAERE

Director · since 17 mars 2024 · until 15 mars 2026

Active

PHILIPPE BELLEMANS

Director · since 17 mars 2024 · until 21 mars 2027

Active

HILDE DE BACKER

Director · since 05 mars 2023 · until 15 mars 2026

Active

PATRICK DE VOS

Director · since 05 mars 2023 · until 15 mars 2026

Active

Ended mandates

Martine Dewispelaere

Director · since 17 mars 2024

Ended

Philippe Bellemans

Director · since 17 mars 2024

Ended

Glenn Stevens

Director · since 28 février 2021

Ended

GLENN STEVENS

Director · since 28 février 2021 · until 25 février 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other19/03/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates17/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates19/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2020
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-9,2 k €↓
2024
Annual accounts 20248,2 k €↑
2023
Annual accounts 20232,1 k €↓
2022
Annual accounts 20223,6 k €↓
2021
Annual accounts 202142,6 k €↑
2020
Annual accounts 202013,7 k €↓
2019
Annual accounts 201942,1 k €↑
2018
Annual accounts 2018-3,7 k €↓
2017
Annual accounts 201741,6 k €↑
2016
Annual accounts 201641,5 k €↓
2015
Annual accounts 201567,2 k €↑
2014
Annual accounts 201419,2 k €↑
2013
Annual accounts 20138,2 k €↑
2012
Annual accounts 20121,3 k €↓
2011
Annual accounts 20112,4 k €↓
2010
Annual accounts 20104,1 k €↓
2009
Annual accounts 20094,4 k €↑
2008
Annual accounts 20084 k €↓
2007
Annual accounts 20074,9 k €
01/12/1981
IncorporationCooperative society

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SELECTAIR

Overview

What does SELECTAIR do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline