Equity
€16,616 ▼ 34.2%
IT SELECTION paid out €50,000 in dividends. That is 121% of the 2025 profit.
IT SELECTION
Overview
Lifetime
4 annual accounts with figures on one time axispeak €64,582 (2025)
€64,582▲ 20.5%
peak €41,383 (2025)
€41,383▲ 17.3%
peak €34,961 (2022)
€16,616▼ 34.2%
€59,810▲ 1.7%
Board1 name since 2018
1 directorWim DESMET
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €53,580 to €64,582Dividend €50,000Equity from €25,233 to €16,616Cash from €15,121 to €26,733
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 39% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
No registered site in the KBO
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.22, cash €26,733
Size: total assets €76,426
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 (NACE 62, micro). It does better than 23% of them on solvency, 32% on liquidity, 82% on profitability and 19% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as IT SELECTION has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IT SELECTION itself is lower: 0.1% within 12 months. It rests on far more data about IT SELECTION than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,713 companies, not a prediction for IT SELECTION. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.22 (1.35 in 2024), below the usual 1.5. Short-term debt is 78.3% and cash 35% of total assets. 78.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 21208 sector peers (2025).
NBB · sector comparisonPosition among 21208 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
25 days late
2024
28 days late
2023
29 days late
2022
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 28 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0690563091
Amendment of the articles · Legal-form change · Resignations & appointments
Gazette deed
Registered office moved from Bruges to Varsenare
New registered office: Gistel Steenweg 143A, 8490 Varsenare · Previous registered office: Gistelse Steenweg 250, 8200 Brugge · General meeting of 08-12-2021 · Gazette deed
Incorporation
Founding capital of €200, 100 shares · Appointment: Wim DESMET (manager) · Partner: Wim DESMET (hoofdelijk aansprakelijke vennoot) · published on 23-02-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IT SELECTION Jabbeke | €76,426 | €64,582 | 21.7% | - |
| LILICAST Forest | €73,143 | €66,251 | -531.9% | - |
| BRUKSYS Waterloo | €82,147 | €69,234 | 24.6% | - |
| FUTURIZ Schoten | €78,441 | €66,495 | 18.0% | - |
| WEBREBELS Bilzen-Hoeselt | €83,352 | €70,198 | 22.3% | - |
| DWHbiz Consulting Antwerp | €85,700 | €59,923 | 23.9% | - |
| Malachite IT Consulting Woluwe-Saint-Lambert | €80,022 | €57,183 | 25.6% | - |
These companies have the same main activity as IT SELECTION: computer programming (NACE 62100). They are comparable in size and age: total assets between €73,100 and €85,700, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 18-01-2018Normal situation
- Activity
- Computer programmingNACE 62100and 4 others
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Annual accounts 2025
- €64,582▲ 20.5%
- ≈ €150,000estimated
- €41,383▲ 17.3%
- €16,616▼ 34.2%
- €76,426▼ 9.0%
- Filing
- Filed on 25-08-2026
Insights on IT SELECTION
IT SELECTION files the micro format. That format states no turnover. The gross margin rose from €13,720 in 2022 to €64,582 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 25-08-2026, 25 days late€64,582
▲ 20.5%
€62,971
▲ 23.2%
€41,383
▲ 17.3%
€12,941
▼ 37.6%
21.7%
▼ 8.3 percentage points
1.22
▼ 0.14
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €130,000 and €190,000.
Balance sheet
balance sheet total €76,426 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
21.7%
Higher than 22% of 21,208 companies in 2025.
1.22
Higher than 25% of 20,571 companies in 2025.
54.1%
Higher than 88% of 20,746 companies in 2025.
IT SELECTION
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
76,426 | 84,020 | 74,436 | 41,327 | |
21/28 |
3,675 | 4,482 | 5,289 | 6,096 | |
22/27 |
3,675 | 4,482 | 5,289 | 6,096 | |
23 |
544 | 842 | 1,139 | 1,436 | |
24 |
3,131 | 3,641 | 4,150 | 4,660 | |
29/58 |
72,751 | 79,538 | 69,147 | 35,231 | |
40/41 |
39,733 | 58,339 | 51,576 | 19,122 | |
40 |
10,798 | 20,856 | 19,551 | 14,753 | |
41 |
28,935 | 37,484 | 32,026 | 4,368 | |
54/58 |
26,733 | 15,121 | 15,205 | 13,821 | |
490/1 |
6,285 | 6,077 | 2,366 | 2,288 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
76,426 | 84,020 | 74,436 | 41,327 | |
10/15 |
16,616 | 25,233 | 34,961 | 34,961 | |
10/11 |
200 | 200 | 200 | 200 | |
14 |
16,416 | 25,033 | 34,761 | 34,761 | |
17/49 |
59,810 | 58,786 | 39,475 | 6,367 | |
42/48 |
59,810 | 58,786 | 39,475 | 4,367 | |
44 |
712 | 1,791 | 1,261 | 813 | |
440/4 |
712 | 1,791 | 1,261 | 813 | |
45 |
9,098 | 11,995 | 5,491 | 3,554 | |
450/3 |
9,098 | 11,995 | 5,491 | 3,554 | |
454/9 |
- | - | - | 0 | |
47/48 |
50,000 | 45,000 | 32,723 | 0 | |
492/3 |
- | - | 0 | 2,000 | |
| Income statement | |||||
9900 |
64,582 | 53,580 | 49,945 | 13,720 | |
630 |
807 | 807 | 807 | 488 | |
640/8 |
804 | 1,640 | 1,127 | 1,088 | |
9901 |
62,971 | 51,132 | 48,010 | 12,144 | |
75/76B |
2,042 | 2,257 | 742 | 63 | |
75 |
2,042 | 2,257 | 742 | 63 | |
65/66B |
8,268 | 4,707 | 3,171 | 2,293 | |
65 |
8,268 | 4,707 | 3,171 | 2,293 | |
9903 |
56,746 | 48,682 | 45,581 | 9,914 | |
67/77 |
15,363 | 13,410 | 12,857 | 2,079 | |
9904 |
41,383 | 35,272 | 32,723 | 7,834 | |
9905 |
41,383 | 35,272 | 32,723 | 7,834 | |
| Appropriation of the result | |||||
9906 |
66,416 | 70,033 | 67,484 | 34,761 | |
14P |
25,033 | 34,761 | 34,761 | 26,927 | |
694/7 |
50,000 | 45,000 | 32,723 | - | |
694 |
50,000 | 45,000 | 32,723 | - | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00438534.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 63,778 | 51,939 | 48,817 | 12,632 | ||
| 42,190 | 36,080 | 33,530 | 8,322 | ||
| 0 | 0 | 0 | 6,584 | ||
| 11,612 | -83 | 1,383 | - | ||
| 12,941 | 20,751 | 29,672 | 30,865 | ||
| 21.7% | 30.0% | 47.0% | 84.6% | ||
| 1.22 | 1.35 | 1.75 | 8.07 | ||
| 3.60 | 2.33 | 1.13 | 0.18 | ||
| 249.1% | 139.8% | 93.6% | 22.4% | ||
| 54.1% | 42.0% | 44.0% | 19.0% | ||
| 7.71 | 11.03 | 15.39 | 5.51 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €6,584 |
| €807 | €807 | €807 | €488 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on IT SELECTION
The operating result for 2025 is 23% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Debt's share of the balance-sheet total rises from 70.0% to 78.3%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 23-01-2023
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €200
- Source
- 2025 annual accounts
Articles of association
deed of 23-01-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 18:00
Founder
At incorporation
deed of 23-02-2018 ↗
- Wim DESMET hoofdelijk aansprakelijke vennoot
Network & group
No group
IT SELECTION has no parent and no holdings in its annual accounts. Wim DESMET is the only director. IT SELECTION shares no director with another company.
Timeline
Timeline
9 events since 2018Board
Filings
Financial
Address
20182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 25 days late
2025
Highest result from 2022 to 2025 net €41,383 ▲17.3% The operating result of €62,971 and the net result of €41,383 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0690563091
Annual accounts 2024 filed PDFmicro format · 28 days late
2024
Annual accounts 2023 filed PDFmicro format · 29 days late
2023
Annual accounts 2022 filed PDFmicro format · 29 days late
Amendment of the articles · Legal-form change · Resignations & appointments PDF
2022
Registered office moved from Bruges to VarsenareNew registered office: Gistel Steenweg 143A, 8490 Varsenare · Previous registered office: Gistelse Steenweg 250, 8200 Brugge · General meeting of 08-12-20212 points ▸
- General meeting, 08-12-2021
- Registered-office move, Gistel Steenweg 143A, 8490 Varsenare
2018
IncorporationFounding capital of €200, 100 shares · Appointment: Wim DESMET (manager) · Partner: Wim DESMET (hoofdelijk aansprakelijke vennoot) · published on 23-02-20183 points ▸
- Founding capital, €200, 100 shares
- Partner, Wim DESMET (hoofdelijk aansprakelijke vennoot)
- Director appointment, Wim DESMET (manager)
- The deed holds 3 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
IT SELECTION was incorporated on 18 January 2018.1 The registered office was moved to Varsenare in 2022.2 Since 2018, Wim DESMET has served as manager.3 Total assets rose from €41,327 in 2022 to €76,426 in 2025.4
Company details
Identity
- Enterprise number
- 0690.563.091
- VAT number
- BE 0690.563.091
- Peppol ID
- 0208:0690563091
- Other Peppol ID
- 9925:BE0690563091
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 18-01-2018
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 18:00deed of 23-01-2023 (in Dutch)
- Peppol
- Reachable since 21-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- IT SELECTION in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 23-01-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Gistelse Steenweg 250, 8200 BRUGGE”deed of 23-02-2018 (in Dutch)
Activities
NACEBEL 202562100
Computer programming main activity
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
62020
IT consultancy
62030
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
70220
Business consulting
82990
Other business support services
Registered office and establishments
| Gistelsteenweg 143a registered office 8490 Jabbeke |
1 former office
- Gistelse Steenweg 250, 8200 Brugge until 20-12-2021 · deed of 06-01-2022
Buildings and parcels at the address
- Ground area
- 341 m²
- Buildings
- 78 m²
- Volume, LiDAR
- 150 m³
- Tallest building
- 5.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31442C0718/00N000 | 341 m² | 1 · 78 m² | 5.1 m |