SELEAN
ActiveSummary
The annual accounts of SELEAN for financial year 2025 show a net loss of 55% of total assets. The 2025 annual accounts show equity of €3,969 and a net result of -€2,567. Its solvency ranks better than 86% of 13,668 sector peers (NACE 46, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €3,969
- Loss
- -€2,567
Why 56raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearFounded in 2023lowers riskLiquidity: current ratio 6.67, cash €4,665Equity €3,969 (85.0% of total assets)Figures for financial year 2025 (filed 10-07-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 90% on solvency, 94% on liquidity, 6% on profitability and 12% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 25 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: YIZENGAW Araya Lakew (director)…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €2,567 in 2025 against €3,401 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets.
Peer companies
Historical observationOf the 3,223 companies that looked in July 2024 the way this one looks now, 3.4% went bankrupt within 24 months and 87.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,223 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €1,143 | €400 | ▼ 65.0% |
| Gross operating margin9900 | -€2,258 | -€2,168 | ▲ 4.0% |
| Operating profit (loss)9901 | -€3,401 | -€2,567 | ▲ 24.5% |
| Financial charges65/66B | €62 | - | - |
| Recurring financial charges65 | €62 | - | - |
| Profit (loss) for the period before taxes9903 | -€3,464 | -€2,567 | ▲ 25.9% |
| Profit (loss) for the period9904 | -€3,464 | -€2,567 | ▲ 25.9% |
| Profit (loss) for the period to be appropriated9905 | -€3,464 | -€2,567 | ▲ 25.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €6,536 | €4,669 | ▼ 28.6% |
| Current assets29/58 | €6,536 | €4,669 | ▼ 28.6% |
| Amounts receivable within one year40/41 | €55 | €5 | ▼ 91.6% |
| Other amounts receivable41 | €55 | €5 | ▼ 91.6% |
| Cash at bank and in hand54/58 | €6,482 | €4,665 | ▼ 28.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €6,536 | €4,669 | ▼ 28.6% |
| Equity10/15 | €6,536 | €3,969 | ▼ 39.3% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€3,464 | -€6,031 | ▼ 74.1% |
| Amounts payable17/49 | - | €700 | - |
| Amounts payable within one year42/48 | - | €700 | - |
| Trade debts44 | - | €700 | - |
| Suppliers440/4 | - | €700 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€3,464 | -€2,567 | ▲ 25.9% |
| Operating cash flow (approximation) | -€3,464 | -€2,567 | ▲ 25.9% |
| Change in cash | - | -€1,817 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00277109 |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00222881 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| YIZENGAW Araya Lakew |
|
Owners and capital
Capital and shareholders
- HABTEWOLD Sefonias Gebru 50 shares (50%) · €5,000
- YIZENGAW Araya Lakew 50 shares (50%) · €5,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 17-04-2023 Incorporation · €10,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-04
Gazette deed
IncorporationAppointment: YIZENGAW Araya Lakew (director) · Founder · Founding capital14 facts ▸
- Founder, HABTEWOLD Sefonias Gebru (comparant)
- Founder, YIZENGAW Araya Lakew (comparant)
- Other provision, 31-03-2023
- Incorporation, 13-04-2023
- Founding capital, €10,000
- Other provision, “attestation dépôt et mise à disposition”, 10000 (deed in French)
- Other provision, “arrêté des statuts, comparants arrêtent statuts” (deed in French)
- Registered office clause, “1180 Uccle,rue Engeland,682, siège actuel” (deed in French)
- Other provision, “info@selean.be, site internet et adresse électronique” (deed in French)
- Other provision, “avertissements du notaire, éclairés sur dénomination,accès à certaines activités,obligations sociales des sociétés et organes,obligations et responsabilité des…” (deed in French)
- Other provision, “bénéficiaires effectifs, renseigner bénéficiaires effectifs dans registre UBO” (deed in French)
- General meeting, “à l'instant même, unanimité des voix” (deed in French)
- +2 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21614F0348/00T005 | Brussels | 367 m² | 1 · 200 m² | 7.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SELEAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Article 2” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, assemblée qui nomme” (deed in French)“Frais généraux, assemblée générale” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “En rémunération des apports,actions ont été émises, Article 5” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge cédant et moitié à charge acquéreurs proportionnellement si plusieurs, à peine de nullité” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 16:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté de l'assemblée de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, si aucun autre liquidateur désigné” (deed in French)