S-Select
ActiveSummary
S-Select has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €18k. Its solvency ranks better than 90% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth52
Track record82
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 10.92 against 8.81 in 2024; short-term debt: 8.9% and cash: 85.3% of total assets), and 8.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.1%
Return on assets
26.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
3 d early
2024
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€63k▲ 41.1%
2024 · €44k
Total assets
€69k▲ 37.7%
2024 · €50k
Net result
€18k▼ 57.9%
2024 · €43k
Working capital
€61k▲ 40.4%
2024 · €43k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€55k-€25k▼ 55.2%
Net result€43k-€18k▼ 57.9%
Equity€44k-€63k▲ 41.1%
Total assets€50k-€69k▲ 37.7%
Debt€6k-€6k▲ 10.5%
Working capital€43k-€61k▲ 40.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€2k ▲ 71.2%
Current assets
€67k ▲ 37.0%
Equity and liabilities €69k
Equity
€63k ▲ 41.1%
Debt
€6k ▲ 10.5%
Debt's share of the balance-sheet total falls from 11.1% to 8.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▼
2024 · €56k
Cash flow
€19k▼
2024 · €45k
Current ratio
10.92▲
2024 · 8.81
Quick ratio
10.02▲
2024 · 7.67
Debt to equity
0.10▼
2024 · 0.12
ROE
29.1%▼
2024 · 97.7%
ROA
26.5%▼
2024 · 86.9%
Interest coverage
157.72
Debt ≤ 1 year
€6k▲
2024 · €6k
Income taxes
€6k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €547 | ▼ 61.2% |
| Other operating charges640/8 | €695 | €1k | ▲ 80.8% |
| Gross operating margin9900 | €57k | €26k | ▼ 53.7% |
| Operating profit (loss)9901 | €55k | €25k | ▼ 55.2% |
| Financial income75/76B | €44 | €0 | ▼ 99.8% |
| Recurring financial income75 | €44 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | €159 | - |
| Recurring financial charges65 | - | €159 | - |
| Profit (loss) for the period before taxes9903 | €55k | €24k | ▼ 55.6% |
| Income taxes67/77 | €12k | €6k | ▼ 46.6% |
| Profit (loss) for the period9904 | €43k | €18k | ▼ 57.9% |
| Profit (loss) for the period to be appropriated9905 | €43k | €18k | ▼ 57.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €50k | €69k | ▲ 37.7% |
| Formation expenses20 | €29 | - | - |
| Fixed assets21/28 | €1k | €2k | ▲ 71.2% |
| Tangible fixed assets22/27 | €1k | €2k | ▲ 77.8% |
| Plant, machinery and equipment23 | €1k | €2k | ▲ 77.8% |
| Financial fixed assets28 | €94 | €94 | = |
| Current assets29/58 | €49k | €67k | ▲ 37.0% |
| Stocks and contracts in progress3 | €6k | €5k | ▼ 12.6% |
| Stocks30/36 | €6k | €5k | ▼ 12.6% |
| Amounts receivable within one year40/41 | €2k | €3k | ▲ 22.6% |
| Trade receivables40 | €2k | €3k | ▲ 22.6% |
| Cash at bank and in hand54/58 | €40k | €59k | ▲ 45.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €50k | €69k | ▲ 37.7% |
| Equity10/15 | €44k | €63k | ▲ 41.1% |
| Contributions10/11 | €1k | €1k | = |
| Profit (loss) carried forward14 | €43k | €62k | ▲ 42.1% |
| Amounts payable17/49 | €6k | €6k | ▲ 10.5% |
| Amounts payable within one year42/48 | €6k | €6k | ▲ 10.5% |
| Trade debts44 | €445 | €678 | ▲ 52.3% |
| Suppliers440/4 | €445 | €678 | ▲ 52.3% |
| Taxes, remuneration and social security45 | €3k | €3k | ▼ 8.5% |
| Taxes450/3 | €3k | €3k | ▼ 8.5% |
| Other amounts payable47/48 | €2k | €3k | ▲ 28.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €18k | ▼ 57.9% |
| + Depreciation and write-downs630 | €1k | €547 | ▼ 61.2% |
| Operating cash flow (approximation) | €45k | €19k | ▼ 58.1% |
| Investment in fixed assets (approximation) | - | €-1k | - |
| Change in cash | - | €18k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2024
Ground area
3,254 m²
Building footprint
253 m²
Volume, LiDAR
1,262 m³
Parcel 44002A0294/00G000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Wittepaalstraat 53, 9051 Gent
since 20242.355.101.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44002A0294/00G000 | Flanders | 3,254 m² | 1 · 253 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Flanders Maritime Port Service
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devolo BeNeLux
BE 0503.871.943
Zaventem · Eq €62,336
FM HANDLING SOLUTIONS
BE 0685.729.226
Charleroi · Eq €62,696
BLAST-IT
BE 1012.572.112
Manhay · Eq €62,119
DE WILDE TOM
BE 0829.658.420
Merelbeke-Melle · Eq €62,058
Of 6,149 companies in sector 46190 we hold annual accounts for 2,571. 1,958 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
23450Manufacture of other non-metallic mineral products
47120Other non-specialised retail sale
47553Retail trade
Contact
E-mail
stephanie.desmet@me.com
Phone
0476259417
Scores and ratios are computed by Checked and are not a credit decision.