IMMO - SELECT
ActiveSummary
IMMO - SELECT has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €746,241 and a net result of -€48,664. Equity has been growing by about 12% per year since 2019. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-07-1992 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.058.765.909 8980 Zonnebeke, since 10-09-1992
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Veroniek StichelbautChair
- Céline HuysentruytDirector
- Sebastien SintobinDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€6,385
- ▲ 38.0%
- Loss
- €48,664
- ▲ 5.3%
- Equity
- €746,241
- ▼ 6.2%
- Total assets
- €1.1m
- ▼ 6.6%
Score breakdownraises risk1 of the last 3 accounts lateLoss of €48,664, the second in a row (financial year 2025)Founded in 1992lowers riskSize: total assets €1.1mShow the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 57% of them on solvency, 26% on liquidity, 13% on profitability and 29% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 43 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 13-01-2026 PDF all 34 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €57,155, smaller than the loss of €62,749 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €34,875 | - | - |
| Depreciation and write-downs of the year | €70,168 | €62,609 | €49,516 | €47,036 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 8,617 companies had the same profile as IMMO - SELECT has now. Two years later, 0.4% had gone bankrupt and 94.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO - SELECT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for IMMO - SELECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1.0m | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.02m | €0.001m | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.08m | €0.08m | €0.07m | €0.06m | €0.05m | €0.05m | ▼ 5.0% |
| Other operating charges640/8 | - | - | - | €0.006m | €0.002m | €0.003m | €0.004m | ▲ 27.5% |
| Gross operating margin9900 | €0.1m | €0.1m | €0.1m | €1.0m | €235 | -€0.01m | -€0.006m | ▲ 38.0% |
| Operating profit (loss)9901 | -€0.003m | -€0.004m | -€0.003m | €0.9m | -€0.07m | -€0.06m | -€0.06m | ▲ 8.9% |
| Financial income75/76B | - | - | - | - | €0.005m | €0.03m | €0.03m | ▼ 15.9% |
| Recurring financial income75 | €0 | - | - | - | €0.005m | €0.03m | €0.03m | ▼ 15.9% |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 14.8% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | -€0.02m | -€0.02m | -€0.02m | €0.9m | -€0.08m | -€0.05m | -€0.06m | ▼ 4.6% |
| Transfer from deferred taxes780 | - | - | - | €0.02m | €0.007m | €0.007m | €0.007m | = |
| Income taxes67/77 | €0.001m | €0.04m | €0.003m | €0.3m | -€145 | €0 | - | - |
| Profit (loss) for the period9904 | -€0.02m | -€0.02m | -€0.01m | €0.6m | -€0.07m | -€0.05m | -€0.05m | ▼ 5.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.03m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) for the period to be appropriated9905 | €0.001m | €0.06m | €0.007m | €0.7m | -€0.05m | -€0.03m | -€0.03m | ▼ 7.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.7m | €0.7m | €1.4m | €1.2m | €1.2m | €1.1m | ▼ 6.6% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.8m | €0.7m | €0.6m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 21.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.8m | €0.7m | €0.6m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 21.7% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 21.7% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - |
| Current assets29/58 | €0.02m | €0.05m | €0.1m | €1.1m | €1.0m | €1.0m | €0.9m | ▼ 3.2% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.006m | €351 | €359 | €0.07m | €0 | €0.01m | €0.008m | ▼ 28.3% |
| Other amounts receivable41 | - | - | - | €0.07m | €0 | €0.01m | €0.008m | ▼ 28.3% |
| Current investments50/53 | €0 | - | - | - | €0.9m | €0.9m | €0.9m | ▲ 1.1% |
| Cash at bank and in hand54/58 | €0.01m | €0.05m | €0.1m | €1.0m | €0.1m | €0.09m | €0.06m | ▼ 34.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.007m | €0.01m | €0.004m | ▼ 57.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.7m | €0.7m | €1.4m | €1.2m | €1.2m | €1.1m | ▼ 6.6% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 6.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Contributions outside capital11 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Share premium1100/10 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Reserves13 | €0.3m | €0.2m | €0.2m | €0.9m | €0.8m | €0.7m | €0.7m | ▼ 6.8% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.07m | €0.06m | €0.05m | €0.03m | ▼ 31.6% |
| Distributable reserves133 | - | - | - | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 5.1% |
| Profit (loss) carried forward14 | €0 | - | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.1m | €0.06m | €0.05m | €0.04m | €0.03m | €0.02m | €0.02m | ▼ 31.5% |
| Deferred taxes168 | - | - | - | €0.04m | €0.03m | €0.02m | €0.02m | ▼ 31.5% |
| Amounts payable17/49 | €0.3m | €0.4m | €0.3m | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 5.7% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.3m | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 5.3% |
| Trade debts44 | €271 | €255 | €304 | €0 | - | - | - | - |
| Suppliers440/4 | - | - | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0 | - | - | - |
| Taxes450/3 | - | - | - | €0.05m | €0 | - | - | - |
| Remuneration and social security454/9 | - | - | - | €376 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 5.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.003m | €0.002m | ▼ 51.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,466 | -€16,378 | -€10,467 | €633,276 | -€68,335 | -€46,218 | -€48,664 | ▼ 5.3% |
| + Depreciation and write-downs630 | €78,894 | €78,894 | €78,930 | €70,168 | €62,609 | €49,516 | €47,036 | ▼ 5.0% |
| Operating cash flow (approximation) | €62,427 | €62,515 | €68,464 | €703,444 | -€5,727 | €3,298 | -€1,628 | - |
| Investment in fixed assets (approximation) | - | €0 | -€2,783 | €232,377 | -€34,875 | €0 | €0 | - |
| Change in cash | - | €39,852 | €47,681 | €897,159 | -€893,810 | -€11,288 | -€31,237 | ▼ 177% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 13-01-2026 | 2026-00008475 | |
| 30-06-2024 | abbreviated format | 02-09-2025 | 2025-00483914 | NBB |
| 30-06-2024 | micro format | 21-01-2025 | 2025-00009129 | |
| 30-06-2023 | micro format | 18-12-2023 | 2023-00529899 | |
| 30-06-2022 | micro format | 06-01-2023 | 2023-20554245 | |
| 30-06-2021 | abbreviated format | 23-12-2021 | 2021-81500190 | |
| 30-06-2020 | abbreviated format | 17-11-2020 | 2020-70800394 | |
| 30-06-2019 | abbreviated format | 05-11-2019 | 2019-73000474 | |
| 30-06-2018 | abbreviated format | 16-10-2018 | 2018-69400514 | |
| 30-06-2017 | abbreviated format | 29-11-2017 | 2017-70600469 |
Board & ownership
Directors
Board 3
Day-to-day management 1
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Céline Huysentruyt |
|
| Sebastien Sintobin |
|
| Veroniek Stichelbaut |
|
Network & group
IMMO - SELECT shares no director with another company.
Connections & network
3 current directorsThe network starts from the directors of IMMO - SELECT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
03-02
Gazette deed
Reappointments: Céline Huysentruyt, Sebastien Sintobin and Veroniek Stichelbaut7 points ▸
- General meeting, 24-11-2025
- Director reappointment, Céline Huysentruyt (director)
- Director reappointment, Sebastien Sintobin (director)
- Director reappointment, Veroniek Stichelbaut (director)
- Board meeting, 24-11-2025
- Director reappointment, Veroniek Stichelbaut (chair of the board)
- Director reappointment, Veroniek Stichelbaut (managing director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33037A0553/00P000 | Flanders | 1.3 ha | 1 · 332 m² | 8.9 m · 2 |