ACTIVE

SELA

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Financial year 2025 · closed on 31/12/2025

Net result

-12 k €

-100.1% YoY

Gross margin

45,4 k €

-19.4% YoY

Equity

228,7 k €

-5.0% YoY

What does SELA do?

SELA is a Public limited company incorporated in 1990. Its main activity is: Holiday and other short-stay accommodation. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.395.440

Incorporation

26/03/1990

Legal form

Public limited company

Registered office

Groeninge 39 box 0006
8000 Brugge · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

55204Holiday and other short-stay accommodation· main 55204Holiday and other short-stay accommodation 56210Event catering activities 56210Event catering activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

Solid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	45,4 k €	-19.4%	56,4 k €	+4.7%	53,8 k €	-28.6%	75,4 k €	-5.6%	79,9 k €	-4.6%	83,8 k €	-5.7%	88,8 k €	-1.9%	90,6 k €	+12.5%	80,5 k €	+1.4%	79,4 k €	-2.8%	81,6 k €	+35.1%	60,4 k €	-12.0%	68,6 k €	-6.1%	73,1 k €	-3.6%	75,8 k €	-0.6%	76,3 k €	+5.2%	72,5 k €	+5.1%	69 k €	+47.4%	46,8 k €
EBITDA	29,4 k €	-26.8%	40,2 k €	+0.0%	40,2 k €	-39.7%	66,6 k €	+1.1%	65,9 k €	-7.3%	71 k €	+7.1%	66,4 k €	-19.9%	82,8 k €	+15.5%	71,7 k €	+4.2%	68,8 k €	-5.5%	72,8 k €	+35.8%	53,7 k €	-13.3%	61,9 k €	-7.2%	66,7 k €	+6.8%	62,4 k €	-17.9%	76,1 k €	+15.5%	65,9 k €	+4.3%	63,1 k €	+93.0%	32,7 k €
Operating result	-9,4 k €	-197%	-3,2 k €	-411%	1 k €	-96.2%	27 k €	+60.8%	16,8 k €	-31.8%	24,7 k €	-5.6%	26,1 k €	-52.2%	54,6 k €	+23.3%	44,3 k €	+68.6%	26,3 k €	-16.4%	31,4 k €	+154%	12,4 k €	-55.0%	27,5 k €	-33.3%	41,2 k €	+13.8%	36,2 k €	-25.6%	48,6 k €	+26.1%	38,6 k €	+4.5%	36,9 k €	+459%	6,6 k €
Net result	-12 k €	-100%	-6 k €	-206%	-2 k €	-115%	12,7 k €	+71.2%	7,4 k €	-32.5%	11 k €	-15.1%	13 k €	-58.1%	30,9 k €	+30.0%	23,8 k €	+80.6%	13,2 k €	-36.8%	20,8 k €	+205%	6,8 k €	-65.5%	19,8 k €	-26.7%	27 k €	+19.3%	22,7 k €	-26.7%	30,9 k €	+22.8%	25,2 k €	-6.7%	27 k €	+1670%	-1,7 k €
Balance sheet
Equity	228,7 k €	-5.0%	240,7 k €	-2.4%	246,7 k €	-0.8%	248,7 k €	-6.8%	266,9 k €	-20.0%	333,5 k €	+3.4%	322,5 k €	-19.3%	399,6 k €	+8.4%	368,6 k €	+6.9%	344,8 k €	-22.4%	444,7 k €	+4.9%	423,8 k €	+1.6%	417 k €	+5.0%	397,2 k €	+7.3%	370,2 k €	+6.5%	347,5 k €	-11.3%	391,6 k €	+6.9%	366,4 k €	+7.9%	339,5 k €
Total assets	471,5 k €	-9.8%	522,9 k €	-8.0%	568,6 k €	-0.2%	569,6 k €	-5.8%	604,5 k €	-6.8%	648,7 k €	-17.6%	787,4 k €	+48.6%	530 k €	-0.8%	534,1 k €	-2.3%	546,6 k €	-10.3%	609,2 k €	-2.9%	627,2 k €	-7.1%	675 k €	+22.9%	549,2 k €	-1.5%	557,9 k €	-3.3%	576,8 k €	-0.8%	581,6 k €	+1.8%	571,4 k €	-3.1%	589,9 k €
Cash	41,5 k €	-8.0%	45,1 k €	+42.4%	31,7 k €	-35.6%	49,2 k €	+28.4%	38,3 k €	-16.4%	45,8 k €	-26.7%	62,5 k €	-26.6%	85,2 k €	+25.0%	68,1 k €	+204%	22,4 k €	-21.0%	28,4 k €	+199%	9,5 k €	-48.7%	18,6 k €	-20.9%	23,5 k €	+291%	6 k €	+616%	838,5 €	+1.8%	823,5 €	-78.3%	3,8 k €	-56.7%	8,8 k €
Debts	242,3 k €	-14.1%	282,2 k €	-12.3%	321,9 k €	+2.2%	314,9 k €	-5.1%	332 k €	+6.5%	311,7 k €	-32.6%	462,5 k €	+256%	129,9 k €	-19.7%	161,8 k €	-19.5%	200,9 k €	+22.1%	164,5 k €	-19.1%	203,3 k €	-21.2%	258 k €	+70.1%	151,7 k €	-19.2%	187,6 k €	-17.8%	228,3 k €	+20.2%	190 k €	-5.9%	201,9 k €	-19.3%	250,3 k €
Other
Workforce	–		–		–		0,0 ETP	-100%	0,8 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Maryke Van Damme

Director · since 23 octobre 2023 · until 07 mai 2029

Active

Philippe Serruys

Director · since 23 octobre 2023 · until 07 mai 2029

Active

Ended mandates

Marijke Van Damme

Director · since 23 octobre 2023 · until 07 mai 2029

Ended

Marijke Van Damme

Director · since 28 juin 2019 · until 05 mai 2025

Ended

Marijke Van Damme

Managing director · since 28 juin 2019 · until 05 mai 2025

Ended

Philippe Serruys

Director · since 28 juin 2019 · until 05 mai 2025

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	31/08/2026	31/07/2025	18/07/2024	28/07/2023	10/06/2022	09/07/2021
General meeting	31/08/2026	31/07/2025	30/06/2024	30/06/2023	23/05/2022	30/06/2021
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
Micro model	31/12/2025	31/08/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	31/07/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	23/05/2022	10/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	22/07/2019	Dutch	PDF
Abridged model	31/12/2017	27/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	29/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/07/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/07/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	17/07/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/07/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	23/06/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	23/06/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/07/2008	20/08/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 15 ended

Active mandates

Maryke Van Damme

Director · since 23 octobre 2023 · until 07 mai 2029

Active

Philippe Serruys

Director · since 23 octobre 2023 · until 07 mai 2029

Active

Ended mandates

Marijke Van Damme

Director · since 23 octobre 2023 · until 07 mai 2029

Ended

Marijke Van Damme

Director · since 28 juin 2019 · until 05 mai 2025

Ended

Marijke Van Damme

Managing director · since 28 juin 2019 · until 05 mai 2025

Ended

Philippe Serruys

Director · since 28 juin 2019 · until 05 mai 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/10/2023
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/10/2015
DOEL - KAPITAAL - AANDELEN
PDF
Registered office13/12/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2007
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/10/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-12 k €↓
2024
Annual accounts 2024-6 k €↓
2023
Annual accounts 2023-2 k €↓
2022
Annual accounts 202212,7 k €↑
2021
Annual accounts 20217,4 k €↓
2019
Annual accounts 201911 k €↓
2018
Annual accounts 201813 k €↓
2017
Annual accounts 201730,9 k €↑
2016
Annual accounts 201623,8 k €↑
2015
Annual accounts 201513,2 k €↓
2014
Annual accounts 201420,8 k €↑
2013
Annual accounts 20136,8 k €↓
2012
Annual accounts 201219,8 k €↓
2011
Annual accounts 201127 k €↑
2010
Annual accounts 201022,7 k €↓
2009
Annual accounts 200930,9 k €↑
2008
Annual accounts 200825,2 k €↓
2007
Annual accounts 200727 k €↑
2006
Annual accounts 2006-1,7 k €
26/03/1990
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

SELA

Overview

What does SELA do?

Trend over 19 financial years

Indicative valuation

Board of directors

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