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SELECTAIR

Active
Cooperative companyfounded 198144 yrs activeMechelsesteenweg 518, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0422.875.557

SELECTAIR has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €395k and a net result of €-9k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 76% of 252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
66 / 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▼-34
Solvency88▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.58 in 2024; short-term debt: 30.1% and cash: 20.3% of total assets), and 37.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
higher
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 44 years 0 50 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-04-2026, 108 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
108 d early
2024
111 d early
2023
132 d early
2022
129 d early
2021
117 d early
2020
125 d early
2019
136 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity
€395k▼ 1.7%
2024 · €402k
2018: €330k 2019: €364k 2020: €363k 2021: €396k 2022: €394k 2023: €393k 2024: €402k
2018 → 2025
Total assets
€628k▼ 6.0%
2024 · €668k
2018: €833k 2019: €662k 2020: €678k 2021: €672k 2022: €849k 2023: €654k 2024: €668k
2018 → 2025
Net result
€-9k
2024 · €8k
2018: €-4k 2019: €42k 2020: €14k 2021: €43k 2022: €4k 2023: €2k 2024: €8k
2018 → 2025
Working capital
€308k▼ 8.1%
2024 · €335k
2018: €174k 2019: €115k 2020: €157k 2021: €250k 2022: €330k 2023: €327k 2024: €335k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€396k-€394k▼ 0.4%€393k▼ 0.4%€402k▲ 2.4%€395k▼ 1.7%
Operating result€55k-€18k▼ 67.5%€10k▼ 43.3%€17k▲ 68.6%€-8k
Net result€43k-€4k▼ 91.6%€2k▼ 41.3%€8k▲ 287%€-9k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€0€20k€40k€60kOperating result 2021: €55k€55kNet result 2021: €43k€43kOperating result 2022: €18k€18kNet result 2022: €4k€4kOperating result 2023: €10k€10kNet result 2023: €2k€2kOperating result 2024: €17k€17kNet result 2024: €8k€8kOperating result 2025: €-8k€-8kNet result 2025: €-9k€-9k20212022202320242025
The operating result turns negative in 2025: a loss of €8k after €17k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €628k
Fixed assets €132k▲ 8.2%
Current assets €497k▼ 9.1%
Equity and liabilities €628k
Equity €395k▼ 1.7%
Debt €233k▼ 12.5%
The debt ratio falls from 39.8% to 37.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4k
2024 · €33k
Cash flow
€3k
2024 · €24k
Solvency
62.9%
2024 · 60.2%
Current ratio
2.63
2024 · 2.58
Quick ratio
2.63
2024 · 2.58
Debt / equity
0.59
2024 · 0.66
ROE
-2.3%
2024 · 2.0%
ROA
-1.5%
2024 · 1.2%
Interest coverage
0.53
2024 · 4.17
Debt
€233k
2024 · €266k
Debt ≤ 1 year
€189k
2024 · €212k
Debt > 1 year
€43k
2024 · €54k
Income taxes
€1k
2024 · €9k
Staff costs
€261k
2024 · €206k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€668k€628k
Fixed assets21/28€122k€132k
Intangible fixed assets21€5k€16k
Tangible fixed assets22/27€117k€116k
Land and buildings22€115k€110k
Furniture and vehicles24€2k€6k
Current assets29/58€546k€497k
Amounts receivable within one year40/41€46k€97k
Trade receivables40€30k€75k
Other amounts receivable41€16k€22k
Current investments50/53€322k€272k
Cash at bank and in hand54/58€179k€128k
Equity and liabilities
Total equity and liabilities10/49€668k€628k
Equity10/15€402k€395k
Contributions10/11€91k€94k
Reserves13€64k€64k=
Non-distributable reserves130/1€8k€0
Reserves not available under the articles1311€8k€0
Tax-exempt reserves132€56k€56k=
Distributable reserves133-€8k
Profit (loss) carried forward14€247k€237k
Amounts payable17/49€266k€233k
Amounts payable after more than one year17€54k€43k
Financial debts170/4€54k€43k
Amounts payable within one year42/48€212k€189k
Current portion of amounts payable after more than one year42€11k€12k
Trade debts44€106k€72k
Suppliers440/4€106k€72k
Taxes, remuneration and social security45€24k€27k
Remuneration and social security454/9€24k€27k
Other amounts payable47/48€70k€78k
Accrued charges and deferred income492/3-€1k
Income statement Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€206k€261k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€12k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€2k€2k
Gross operating margin9900€241k€269k
Operating profit (loss)9901€17k€-8k
Financial income75/76B€8k€7k
Recurring financial income75€8k€7k
Financial charges65/66B€8k€7k
Recurring financial charges65€8k€7k
Profit (loss) for the period before taxes9903€17k€-8k
Income taxes67/77€9k€1k
Profit (loss) for the period9904€8k€-9k
Profit (loss) for the period to be appropriated9905€8k€-9k
Appropriation of the result
Profit (loss) to be appropriated9906€247k€237k
Profit (loss) brought forward from the previous period14P€238k€247k
Social balance
Average headcount (FTE)90872.83.1

The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-04
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
19-03
State Gazette act Purpose · Statutes amendment
General meeting · Purpose change · Power of attorney4 facts ▸
  • General meeting, 15 maart 2026
  • Purpose change, de activiteiten van verzekeringsagenten en -makelaars (verzekeringsbemiddelaars) met betrekking tot het verkopen, het bemiddelen of het aan huis verkopen van le…
  • Power of attorney, bestuursorgaan
  • Statutes amendment
2025
31-12
Financial Weakest financial yearnet €-9k ▼212%
Net result drops to €-9k, the lowest in the series.
17-07
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment7 facts ▸
  • General meeting, 2025-03-16
  • Director resignation, Pieter Demuynck (bestuurder)
  • Director resignation, Tim De Vuyst (bestuurder)
  • Director resignation, Mieke Vervaecke (bestuurder)
  • Director appointment, Pieter Demuynck (bestuurder)
  • Director appointment, Tim De Vuyst (bestuurder)
  • Director appointment, Mieke Vervaecke (bestuurder)
11-04
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
State Gazette act Resignations & appointments
General meeting · Director resignation · Director reappointment6 facts ▸
  • General meeting, 2024-03-17
  • Director resignation, Kim Verburgh (bestuurder)
  • Director reappointment, Geert Gaens (bestuurder)
  • Director reappointment, Glenn Stevens (bestuurder)
  • Director appointment, Philippe Bellemans (bestuurder)
  • Director appointment, Martine Dewispelaere (bestuurder)
21-03
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
14-03
State Gazette act Purpose · Statutes amendment · Legal-form change · Resignations & appointments
General meeting · Purpose change · Legal-form conversion24 facts ▸
  • General meeting, 2023-03-05
  • Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: (i) te v…
  • Legal-form conversion, Coöperatieve vennootschap met beperkte aansprakelijkheid
  • Statutes amendment
  • Statutes amendment
  • Capital
  • Director appointment, Glenn STEVENS (bestuurder)
  • Director appointment, Hilde DE BACKER (bestuurder)
  • Director appointment, Patrick DE VOS (bestuurder)
  • Director appointment, Tim DE VUYST (bestuurder)
  • Director appointment, Pieter DEMUYNCK (bestuurder)
  • Director appointment, Geert GAENS (bestuurder)
  • +12 further facts in this act
2022
19-04
State Gazette act Resignations & appointments
General meeting · Director resignation · Director reappointment8 facts ▸
  • General meeting, 2022-03-06
  • Director resignation, Pieter Demuynck (bestuurder)
  • Director resignation, Tim Devuyst (bestuurder)
  • Director resignation, Mieke Vervaecke (bestuurder)
  • Director reappointment, Pieter Demuynck (bestuurder)
  • Director reappointment, Tim Devuyst (bestuurder)
  • Director reappointment, Mieke Vervaecke (bestuurder)
  • Director appointment, Pieter Demuynck (Voorzitter)
05-04
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Highest result since 2018net €43k ▲212%
Net result €43k, the highest in the series.
14-04
State Gazette act Resignations & appointments
General meeting · Director resignation · Director discharge16 facts ▸
  • General meeting, 2021-02-28
  • Director resignation, STAELENS Wim (bestuurder)
  • Director discharge, STAELENS Wim
  • Director appointment, STEVENS Glenn (bestuurder)
  • Director reappointment, GAENS Geert (bestuurder)
  • Director reappointment, VERBURGH Kim (bestuurder)
  • Board composition, bestuurder, 2021-02-28
  • Board composition, bestuurder, 2021-02-28
  • Board composition, bestuurder, 2021-02-28
  • Board composition, bestuurder, 2021-02-28
  • Board composition, bestuurder, 2021-02-28
  • Board composition, bestuurder, 2021-02-28
  • +4 further facts in this act
28-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-12
State Gazette act Resignations & appointments
General meeting · Director resignation · Director discharge19 facts ▸
  • General meeting, 2020-03-08
  • Director resignation, VANDEVELDE Peter (bestuurder)
  • Director discharge, VANDEVELDE Peter
  • Director resignation, PARET Lucia (bestuurder)
  • Director discharge, PARET Lucia
  • Director appointment, GAENS Geert (bestuurder)
  • Director appointment, DE BACKER Hilde (bestuurder)
  • Director reappointment, DEVOS Patrick (bestuurder)
  • Director reappointment, VAN DE LOOCK Veerle (bestuurder)
  • Board composition, bestuurder, 2020-03-08
  • Board composition, bestuurder, 2020-03-08
  • Board composition, bestuurder, 2020-03-08
  • +7 further facts in this act
17-03
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €42k
Net result €42k after one loss-making year.
17-04
State Gazette act Resignations & appointments
General meeting · Director resignation · Director discharge24 facts ▸
  • General meeting, 2019-02-24
  • Director resignation, LECOINTRE Anja (bestuurder)
  • Director resignation, LIEKENS Ann (bestuurder)
  • Director resignation, BELLEMANS Philippe (bestuurder)
  • Director discharge, LECOINTRE Anja
  • Director discharge, LIEKENS Ann
  • Director discharge, BELLEMANS Philippe
  • Director appointment, DE VUYST Tim (bestuurder)
  • Director appointment, VERVAECKE Mieke (bestuurder)
  • Director appointment, VAN DE LOOCK Veerle (bestuurder)
  • Director reappointment, DEMUYNCK Pieter (bestuurder)
  • Board composition, bestuurder, 2019-02-24
  • +12 further facts in this act
25-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
15-02
State Gazette act Resignations & appointments
General meeting · Director resignation · Director discharge20 facts ▸
  • General meeting, 2018-02-25
  • Director resignation, Achten Ludo (bestuurder)
  • Director resignation, Boone Chris (bestuurder)
  • Director discharge, Boone Chris
  • Director reappointment, Paret Lucia (bestuurder)
  • Director reappointment, Staelens Wim (bestuurder)
  • Director appointment, Verburgh Kim M. L. (bestuurder)
  • Board composition, bestuurder, 2018-02-25
  • Board composition, bestuurder, 2018-02-25
  • Board composition, bestuurder, 2018-02-25
  • Board composition, bestuurder, 2018-02-25
  • Board composition, bestuurder, 2018-02-25
  • +8 further facts in this act
2018
28-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-05
State Gazette act Resignations & appointments
General meeting · Director reappointment · Director appointment17 facts ▸
  • General meeting, 2017-03-12
  • Director reappointment, Devos Patrick (bestuurder)
  • Director reappointment, Vandevelde Peter (bestuurder)
  • Director appointment, Bellemans Philippe (bestuurder)
  • Board composition, bestuurder, 2017-03-12
  • Board composition, bestuurder, 2017-03-12
  • Board composition, bestuurder, 2017-03-12
  • Board composition, bestuurder, 2017-03-12
  • Board composition, bestuurder, 2017-03-12
  • Board composition, bestuurder, 2017-03-12
  • Board composition, bestuurder, 2017-03-12
  • Board composition, bestuurder, 2017-03-12
  • +5 further facts in this act
12-04
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
20-08
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation25 facts ▸
  • General meeting, 24/02/2013
  • Director appointment, Demuynck Pieter (bestuurder)
  • Director appointment, Gevaert Dominique (bestuurder)
  • Director appointment, Lecointre Anja (bestuurder)
  • General meeting, 23/02/2014
  • Director appointment, Devos Patrick (bestuurder)
  • Director appointment, Achten Ludo (bestuurder)
  • Director appointment, Vandevelde Peter (bestuurder)
  • General meeting, 16/10/2014
  • Director resignation, Gevaert Dominique (bestuurder)
  • Director appointment, Liekens Ann (bestuurder)
  • General meeting, 01/03/2015
  • +13 further facts in this act
2010
28-07
State Gazette act Registered office · Resignations & appointments
General meeting · Director resignation · Director appointment33 facts ▸
  • General meeting, 2010-02-28
  • Director resignation, Patrick Bauwens (bestuurder)
  • Director resignation, Pieter Demuynck (bestuurder)
  • Director resignation, Anja Lecointre (bestuurder)
  • Director appointment, Pieter Demuynck (bestuurder)
  • Director appointment, Doninique Gevaert (bestuurder)
  • Director appointment, Anja Lecointre (bestuurder)
  • Board composition, bestuurder, 2010-02-28
  • Board composition, bestuurder, 2010-02-28
  • Board composition, bestuurder, 2010-02-28
  • Board composition, bestuurder, 2010-02-28
  • Board composition, bestuurder, 2010-02-28
  • +21 further facts in this act
2009
15-06
State Gazette act Resignations & appointments
General meeting · Director appointment · Board composition18 facts ▸
  • General meeting, 2009-03-08
  • Director appointment, Chris Boone (Bestuurder)
  • Director appointment, Martine De Wispelaere (Bestuurder)
  • Director appointment, Raf Van Melckebeke (Bestuurder)
  • Board composition, Bestuurder, 2009-03-08
  • Board composition, Bestuurder, 2009-03-08
  • Board composition, Bestuurder, 2009-03-08
  • Board composition, Bestuurder, 2009-03-08
  • Board composition, Bestuurder, 2009-03-08
  • Board composition, Bestuurder, 2009-03-08
  • Board composition, Bestuurder, 2009-03-08
  • Board composition, Bestuurder, 2009-03-08
  • +6 further facts in this act
2006
14-04
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment17 facts ▸
  • General meeting, 2006-02-19
  • Director resignation, Lode Luyckx (bestuurder)
  • Director appointment, Chris Boone (bestuurder)
  • Director appointment, Raf Van Melckebeke (bestuurder)
  • Director appointment, Rudy Verburgh (bestuurder)
  • Director appointment, Martine Dewispelaere (bestuurder)
  • Mandate compensation, Chris Boone
  • Mandate compensation, Raf Van Melckebeke
  • Mandate compensation, Rudy Verburgh
  • Mandate compensation, Martine Dewispelaere
  • Board meeting, 2006-02-21
  • Director appointment, Rudy Verburgh (Voorzitter)
  • +5 further facts in this act
2004
16-07
State Gazette act Capital & shares · Statutes amendment
General meeting · Capital · Capital increase4 facts ▸
  • General meeting, 2004-06-08
  • Capital, €125.000
  • Capital increase, €1.053
  • Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
29 directors, no change since 2025
Mieke Vervaecke
Director · since 16-03-2025
Current
Pieter DEMUYNCK
Director · since 16-03-2025
Current
Tim De Vuyst
Director · since 16-03-2025
Current
Philippe Bellemans
Director · since 17-03-2024
Current
Patrick De Vos
Director · since 05-03-2023
Current
Tim Devuyst
Director · since 06-03-2022
Current
+ 12 not shown in this overview
16-03-2025 Mieke Vervaecke: Resigned as Director
16-03-2025 Mieke Vervaecke: Appointed as Director
16-03-2025 Pieter DEMUYNCK: Resigned as Director
16-03-2025 Pieter DEMUYNCK: Appointed as Director
16-03-2025 Tim De Vuyst: Appointed as Director
16-03-2025 Tim De Vuyst: Resigned as Director
17-03-2024 Philippe Bellemans: Appointed as Director
17-03-2024 Glenn Stevens: Mandate renewed as Director
17-03-2024 Geert Gaens: Mandate renewed as Director
17-03-2024 Martine Dewispelaere: Appointed as Director
17-03-2024 Kim VERBURGH: Resigned as Director
05-03-2023 Mieke Vervaecke: Appointed as Director
05-03-2023 Pieter DEMUYNCK: Appointed as Director
05-03-2023 Tim De Vuyst: Appointed as Director
05-03-2023 Patrick De Vos: Appointed as Director
05-03-2023 Glenn Stevens: Appointed as Director
05-03-2023 Hilde DE BACKER: Appointed as Director
05-03-2023 Geert Gaens: Appointed as Director
05-03-2023 Kim VERBURGH: Appointed as Director
06-03-2022 Mieke Vervaecke: Mandate renewed as Director
06-03-2022 Mieke Vervaecke: Resigned as Director
06-03-2022 Pieter DEMUYNCK: Mandate renewed as Director
06-03-2022 Pieter DEMUYNCK: Appointed as Chair
06-03-2022 Pieter DEMUYNCK: Resigned as Director
+ 67 not shown in this overview
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 2001
establishment approximate The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Mechelsesteenweg 5181800 Vilvoorde
Ground area
212 m²
Building footprint
74 m²
Volume, LiDAR
560 m³
Parcel 23643G0519/00N003, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SELECTAIR-QUALITY TRAVEL AGENCIES
Mechelsesteenweg 518 C, 1800 VilvoordeNACE 6330101
since 20012.035.129.581
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23643G0519/00N003 Flanders 211 m² 1 · 74 m² 11.3 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 3,479 EUR awarded · 3,479 EUR paid
Year Entries awardedpaid
2025 1 2,700 EUR2,700 EUR
2024 1 779 EUR779 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
2 entries · 3,479 EUR · 3,479 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 1,438 companies in sector 79110 we hold annual accounts for 880. 680 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formCooperative company
Founded01-12-1981
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.