ACTIVE

raamSELECT

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Financial year 2025 · closed on 31/12/2025

Net result

2 M €

+42.4% YoY

Revenue

13 M €

+5.1% YoY

Equity

8,5 M €

+0.4% YoY

Workforce

47,6 ETP

-5.0% YoY

What does raamSELECT do?

raamSELECT is a Public limited company incorporated in 1984. Its main activity is: Joinery installation. Its registered office is in Rijkevorsel. It employs on average 47,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.598.179

Incorporation

04/12/1984

Legal form

Public limited company

Registered office

Merksplassesteenweg 18
2310 Rijkevorsel · FlandreSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2025

Average workforce

47,6 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	13 M €	+5.1%	12,3 M €	-10.9%	13,8 M €	+13.0%	12,3 M €	+3.1%	11,9 M €	+12.0%	10,6 M €	+6.9%	9,9 M €	+1.3%	9,8 M €	+10.9%	8,8 M €	+2.2%	8,6 M €	+5.6%	8,2 M €	+8.4%	7,6 M €	+1.1%	7,5 M €	-9.1%	8,2 M €	-13.5%	9,5 M €	+28.5%	7,4 M €	-12.8%	8,5 M €	-4.6%	8,9 M €	+3.7%	8,6 M €	+24.6%	6,9 M €
EBITDA	2,3 M €	+32.7%	1,7 M €	-31.1%	2,5 M €	+56.1%	1,6 M €	-27.5%	2,2 M €	+33.4%	1,6 M €	-1.0%	1,7 M €	+51.7%	1,1 M €	-9.5%	1,2 M €	+27.3%	953,2 k €	-19.9%	1,2 M €	+71.6%	693,8 k €	+48.3%	467,8 k €	-45.0%	850,1 k €	-46.0%	1,6 M €	+60.4%	982,3 k €	-39.0%	1,6 M €	-8.6%	1,8 M €	+16.3%	1,5 M €	+69.1%	895 k €
Operating result	1,9 M €	+43.7%	1,3 M €	-35.9%	2,1 M €	+66.4%	1,2 M €	-31.5%	1,8 M €	+40.4%	1,3 M €	-3.5%	1,3 M €	+75.3%	766 k €	-16.0%	912 k €	+30.6%	698,4 k €	-23.4%	911,6 k €	+114%	426,9 k €	+125%	189,6 k €	-66.8%	570,4 k €	-54.7%	1,3 M €	+97.8%	636,4 k €	-48.7%	1,2 M €	-11.0%	1,4 M €	+19.4%	1,2 M €	+105%	568,8 k €
Net result	2 M €	+42.4%	1,4 M €	-35.6%	2,2 M €	+62.2%	1,3 M €	-29.7%	1,9 M €	+37.9%	1,4 M €	-5.1%	1,5 M €	+68.1%	867,2 k €	-8.2%	944,4 k €	+23.7%	763,7 k €	-20.4%	959,7 k €	+85.0%	518,7 k €	+33.3%	389,1 k €	-39.5%	643,5 k €	-46.7%	1,2 M €	+129%	527,8 k €	-49.1%	1 M €	-13.4%	1,2 M €	+34.1%	893,7 k €	+101%	445,3 k €
Balance sheet
Equity	8,5 M €	+0.4%	8,5 M €	+0.5%	8,4 M €	+0.2%	8,4 M €	+0.3%	8,4 M €	+0.3%	8,4 M €	-0.0%	8,4 M €	-0.2%	8,4 M €	+0.8%	8,3 M €	+1.9%	8,2 M €	+2.0%	8 M €	+2.0%	7,8 M €	+2.2%	7,7 M €	+3.6%	7,4 M €	+6.4%	7 M €	+10.4%	6,3 M €	+9.1%	5,8 M €	+14.1%	5,1 M €	+15.3%	4,4 M €	+17.2%	3,8 M €
Total assets	11,3 M €	+6.1%	10,6 M €	-15.5%	12,6 M €	+21.6%	10,4 M €	-5.9%	11 M €	+3.7%	10,6 M €	+0.5%	10,6 M €	-1.2%	10,7 M €	-1.0%	10,8 M €	+14.7%	9,4 M €	+0.6%	9,4 M €	+6.5%	8,8 M €	-11.2%	9,9 M €	+9.2%	9 M €	+4.3%	8,7 M €	+14.9%	7,6 M €	+6.3%	7,1 M €	+4.2%	6,8 M €	+14.6%	6 M €	+15.2%	5,2 M €
Cash	903,3 k €	+19.9%	753,4 k €	+4.9%	718,1 k €	-7.4%	775,3 k €	-18.3%	948,8 k €	+37.8%	688,5 k €	-1.6%	699,9 k €	-19.9%	873,3 k €	+141%	363 k €	-24.8%	482,6 k €	-25.6%	648,5 k €	-11.2%	730,3 k €	+276%	194,3 k €	-3.8%	201,9 k €	-78.3%	929,8 k €	+44.6%	643,1 k €	-24.2%	848 k €	+63.2%	519,7 k €	+26.1%	412,2 k €	+142537%	289 €
Debts	2,7 M €	+30.4%	2,1 M €	-48.6%	4 M €	+120%	1,8 M €	-27.4%	2,5 M €	+14.9%	2,2 M €	+4.0%	2,1 M €	-5.5%	2,2 M €	-6.6%	2,4 M €	+112%	1,1 M €	-10.2%	1,2 M €	+56.7%	794,6 k €	-56.3%	1,8 M €	+17.3%	1,6 M €	-6.3%	1,7 M €	+39.1%	1,2 M €	-6.7%	1,3 M €	-24.1%	1,7 M €	+18.2%	1,4 M €	+13.0%	1,3 M €
Other
Workforce	47,6 ETP	-5.0%	50,1 ETP	-5.6%	53,1 ETP	+3.7%	51,2 ETP	-8.4%	55,9 ETP	-2.6%	57,4 ETP	+4.4%	55,0 ETP	+4.2%	52,8 ETP	+0.6%	52,5 ETP	+2.3%	51,3 ETP	-3.0%	52,9 ETP	+1.1%	52,3 ETP	-3.1%	54,0 ETP	-4.6%	56,6 ETP	+1.8%	55,6 ETP	+11.6%	49,8 ETP	-3.5%	51,6 ETP	-1.3%	52,3 ETP	-2.4%	53,6 ETP	-1.7%	54,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 50 ended

Active mandates

Groep De Keyser

Managing director · since 23 juin 2023 · until 04 juin 2029 · 0447.027.963

Represented by Wendy De Keyser

Active

Hendrik DE KEYSER

Managing director · since 23 juin 2023 · until 04 juin 2029

Active

Michaël Minten

Managing director · since 23 juin 2023 · until 04 juin 2029

Active

Nick Martens

Director · since 23 juin 2023 · until 02 juin 2026

Active

SAVEC

Managing director · since 23 juin 2023 · until 04 juin 2029 · 0834.053.114

Represented by Sven De Keyser

Active

Stijn Hoskens

Director · since 23 juin 2023 · until 04 juin 2029

Active

Toon Martens

Director · since 23 juin 2023 · until 02 juin 2026

Active

Ended mandates

Nick Martens

Director · since 23 juin 2023 · until 04 juin 2029

Ended

Toon Martens

Director · since 23 juin 2023 · until 04 juin 2029

Ended

Nick Martens

Director · since 01 octobre 2020 · until 02 juin 2023

Ended

Nick Martens

Director · since 01 octobre 2020 · until 23 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
De Maegerhoef● Active	0445.988.974
Groep De Keyser● Active	0447.027.963
HEDEK● Active	1025.256.643
IMMO R.D.K.● Active	0431.329.603
Parfimo● Active	0406.968.844
Rik De Keyser● Active	0422.033.439
T.I.T.C.● Active	0406.883.029

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	17/06/2026	18/06/2025	03/07/2024	05/07/2023	01/07/2022	25/06/2021
General meeting	02/06/2026	03/06/2025	21/06/2024	23/06/2023	17/06/2022	02/06/2021
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
Full model	31/12/2025	02/06/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	03/06/2025	18/06/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	05/07/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	02/06/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	08/07/2020	03/08/2020	Dutch	PDF
Full model	31/12/2018	04/06/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	04/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	14/06/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	25/06/2013	05/07/2013	Dutch	PDF
Full model	31/12/2011	04/06/2012	26/06/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	04/07/2011	Dutch	PDF
Full model	31/12/2009	03/06/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	04/06/2009	03/07/2009	Dutch	PDF
Full model	31/12/2007	19/06/2008	07/07/2008	Dutch	PDF
Full model	31/12/2006	05/06/2007	18/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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 · 7 active · 50 ended

Active mandates

Groep De Keyser

Managing director · since 23 juin 2023 · until 04 juin 2029 · 0447.027.963

Represented by Wendy De Keyser

Active

Hendrik DE KEYSER

Managing director · since 23 juin 2023 · until 04 juin 2029

Active

Michaël Minten

Managing director · since 23 juin 2023 · until 04 juin 2029

Active

Nick Martens

Director · since 23 juin 2023 · until 02 juin 2026

Active

SAVEC

Managing director · since 23 juin 2023 · until 04 juin 2029 · 0834.053.114

Represented by Sven De Keyser

Active

Stijn Hoskens

Director · since 23 juin 2023 · until 04 juin 2029

Active

Toon Martens

Director · since 23 juin 2023 · until 02 juin 2026

Active

Ended mandates

Nick Martens

Director · since 23 juin 2023 · until 04 juin 2029

Ended

Toon Martens

Director · since 23 juin 2023 · until 04 juin 2029

Ended

Nick Martens

Director · since 01 octobre 2020 · until 02 juin 2023

Ended

Nick Martens

Director · since 01 octobre 2020 · until 23 juin 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other30/06/2026
—
PDF
Mandates05/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other21/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2017
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 20252 M €↑
2024
Annual accounts 20241,4 M €↓
2023
Annual accounts 20232,2 M €↑
2022
Annual accounts 20221,3 M €↓
2021
Annual accounts 20211,9 M €↑
2020
Annual accounts 20201,4 M €↓
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 2018867,2 k €↓
2017
Annual accounts 2017944,4 k €↑
2016
Annual accounts 2016763,7 k €↓
2015
Annual accounts 2015959,7 k €↑
2014
Annual accounts 2014518,7 k €↑
2013
Annual accounts 2013389,1 k €↓
2012
Annual accounts 2012643,5 k €↓
2011
Annual accounts 20111,2 M €↑
2010
Annual accounts 2010527,8 k €↓
2009
Annual accounts 20091 M €↓
2009
Name changeRAAMSELECT
2008
Annual accounts 20081,2 M €↑
2007
Annual accounts 2007893,7 k €↑
2006
Annual accounts 2006445,3 k €
2006
Name changeSCHRIJNWERKERIJ R.D.K.
04/12/1984
IncorporationPublic limited company

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

raamSELECT

Overview

What does raamSELECT do?

Trend over 20 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