Select-Beopledd
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 13-05-2026 PDF all 3 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €1.2m
Estimated: probably between €960,000 and €2.2m
Total assets
€827,143▲ 12.7%
2024 · €734,142
Net result
-€6,430▲ 95.5%
2024 · -€144,131
Working capital
-€92,086▲ 54.8%
2024 · -€203,510
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€14,780
2025
20232025
Net result
-€6,430
▲ 95.5%
2025
lowest quarter of the sector
20232025
Equity
€143,785
▼ 4.3%
2025
middle half of the sector
20232025
Total assets
€827,143
▲ 12.7%
2025
middle half of the sector
20232025
Debt
€683,358
▲ 17.0%
2025
20232025
Working capital
-€92,086
▲ 54.8%
2025
lowest quarter of the sector
20232025
Solvency
17.4%
▼ 3.1pp
2025
lowest quarter of the sector
20232025
Current ratio
0.86
▲ 0.22
2025
middle half of the sector
20232025
Return on assets (ROA)
-0.8%
▲ 18.9pp
2025
lowest quarter of the sector
20232025
Staff (FTE)
7.2
▲ 1.4%
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€0.2m--€0.1m€0.01m
Net result€0.1mwithin the sector's middle half--€0.1mbelow the sector's middle half-€0.006mbelow the sector's middle half▲ 95.5%
Equity€0.3mwithin the sector's middle half-€0.2mwithin the sector's middle half▼ 49.0%€0.1mwithin the sector's middle half▼ 4.3%
Total assets€1.0mwithin the sector's middle half-€0.7mwithin the sector's middle half▼ 27.9%€0.8mwithin the sector's middle half▲ 12.7%
Debt€0.7m-€0.6m▼ 19.4%€0.7m▲ 17.0%
Working capital-€0.1mbelow the sector's middle half--€0.2mbelow the sector's middle half▼ 45.3%-€0.09mbelow the sector's middle half▲ 54.8%
Solvency28.9%within the sector's middle half-20.5%below the sector's middle half▼ 8.4pp17.4%below the sector's middle half▼ 3.1pp
Current ratio0.80within the sector's middle half-0.64within the sector's middle half▼ 0.160.86within the sector's middle half▲ 0.22
Return on assets (ROA)14.2%above the sector's middle half--19.6%below the sector's middle half▼ 33.8pp-0.8%below the sector's middle half▲ 18.9pp
Staff (FTE)5.3above the sector's middle half-7.1above the sector's middle half▲ 34.0%7.2above the sector's middle half▲ 1.4%
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €14,780, after a loss of €132,115 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €826,003
Fixed assets
€264,521 ▼ 28.4%
Current assets
€561,482 ▲ 54.7%
Equity and liabilities €827,143
Equity
€143,785 ▼ 4.3%
Debt
€683,358 ▲ 17.0%
Debt's share of the balance-sheet total rises from 79.5% to 82.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€122,258▲
2024 · -€24,811
Cash flow
€101,048▲
2024 · -€36,827
Debt to equity
4.75▲
2024 · 3.89
ROE
-4.5%▲
2024 · -95.9%
Interest coverage
5.55▲
2024 · -1.06
Debt ≤ 1 year
€653,569▲
2024 · €566,443
Income taxes
€1,632▼
2024 · €1,948
Staff costs
€683,906▲
2024 · €656,235
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 10 | 7 | 8 |
| full-time | 5 | 2 | 3 |
| part-time | 5 | 5 | 5 |
| in full-time equivalents | 9 | 6.2 | 7.2 |
| Average over the year, in full-time equivalents | 5.3 | 7.1 | 7.1 |
| On a permanent contract | 10 | 7 | 8 |
| Joined | 10 | 0 | 1 |
| Left | 0 | 3 | 0 |
| Training hours | 8 | - | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €6,377 | - |
| Intangible fixed assets | €523,003 | €5,690 | - |
| Financial fixed assets | €3,780 | - | €5,711 |
| Depreciation and write-downs of the year | €61,292 | €107,304 | €107,478 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,995 | - |
| Remuneration, social security and pensions62 | €511,247 | €656,235 | €683,906 | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,292 | €107,304 | €107,478 | ▲ 0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,500 | €5,500 | - | - |
| Other operating charges640/8 | €841 | €334 | €1,375 | ▲ 311% |
| Non-recurring operating charges66A | - | €164 | €690 | ▲ 320% |
| Gross operating margin9900 | €789,831 | €637,422 | €808,228 | ▲ 26.8% |
| Operating profit (loss)9901 | €213,950 | -€132,115 | €14,780 | - |
| Financial income75/76B | €80 | €13,440 | €2,465 | ▼ 81.7% |
| Recurring financial income75 | €80 | €13,440 | €2,465 | ▼ 81.7% |
| Financial charges65/66B | €11,822 | €23,508 | €22,044 | ▼ 6.2% |
| Recurring financial charges65 | €11,822 | €23,508 | €22,044 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €202,208 | -€142,182 | -€4,799 | ▲ 96.6% |
| Income taxes67/77 | €57,862 | €1,948 | €1,632 | ▼ 16.2% |
| Profit (loss) for the period9904 | €144,346 | -€144,131 | -€6,430 | ▲ 95.5% |
| Profit (loss) for the period to be appropriated9905 | €144,346 | -€144,131 | -€6,430 | ▲ 95.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.0m | €0.7m | €0.8m | ▲ 12.7% |
| Formation expenses20 | €0.002m | €0.002m | €0.001m | ▼ 29.3% |
| Fixed assets21/28 | €0.5m | €0.4m | €0.3m | ▼ 28.4% |
| Intangible fixed assets21 | €0.5m | €0.4m | €0.3m | ▼ 29.3% |
| Tangible fixed assets22/27 | - | €0.004m | €0.003m | ▼ 23.3% |
| Plant, machinery and equipment23 | - | €0.001m | €0.001m | ▼ 24.2% |
| Other tangible fixed assets26 | - | €0.003m | €0.003m | ▼ 23.1% |
| Financial fixed assets28 | €0.004m | €0.004m | €0.006m | ▲ 51.1% |
| Current assets29/58 | €0.6m | €0.4m | €0.6m | ▲ 54.7% |
| Amounts receivable within one year40/41 | €0.5m | €0.3m | €0.5m | ▲ 74.7% |
| Trade receivables40 | €0.2m | €0.2m | €0.3m | ▲ 89.9% |
| Other amounts receivable41 | €0.3m | €0.1m | €0.2m | ▲ 56.2% |
| Cash at bank and in hand54/58 | €0.005m | €0.03m | €0.01m | ▼ 60.3% |
| Deferred charges and accrued income490/1 | €0.06m | €0.05m | €0.05m | ▼ 2.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.0m | €0.7m | €0.8m | ▲ 12.7% |
| Equity10/15 | €0.3m | €0.2m | €0.1m | ▼ 4.3% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | = |
| Capital10 | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.007m | €0.007m | €0.007m | = |
| Non-distributable reserves130/1 | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | €0.007m | €0.007m | €0.007m | = |
| Profit (loss) carried forward14 | €0.1m | -€0.007m | -€0.01m | ▼ 91.8% |
| Amounts payable17/49 | €0.7m | €0.6m | €0.7m | ▲ 17.0% |
| Amounts payable within one year42/48 | €0.7m | €0.6m | €0.7m | ▲ 15.4% |
| Financial debts43 | €0.2m | €0.2m | €0.2m | = |
| Credit institutions430/8 | €0.2m | €0.2m | €0.2m | = |
| Trade debts44 | €0.2m | €0.1m | €0.2m | ▲ 20.8% |
| Suppliers440/4 | €0.2m | €0.1m | €0.2m | ▲ 20.8% |
| Advances received on contracts in progress46 | €0.1m | €0.1m | €0.2m | ▲ 10.8% |
| Taxes, remuneration and social security45 | €0.2m | €0.1m | €0.2m | ▲ 34.1% |
| Taxes450/3 | €0.07m | €0.04m | €0.05m | ▲ 8.7% |
| Remuneration and social security454/9 | €0.2m | €0.08m | €0.1m | ▲ 48.6% |
| Other amounts payable47/48 | €0.002m | €0.02m | €0.03m | ▲ 14.1% |
| Accrued charges and deferred income492/3 | €0.03m | €0.02m | €0.03m | ▲ 70.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €144,346 | -€144,131 | -€6,430 | ▲ 95.5% |
| + Depreciation and write-downs630 | €61,292 | €107,304 | €107,478 | ▲ 0.2% |
| Operating cash flow (approximation) | €205,638 | -€36,827 | €101,048 | - |
| Investment in fixed assets (approximation) | - | -€11,135 | -€2,402 | ▲ 78.4% |
| Change in cash | - | €20,496 | -€15,568 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,271 companies had the same profile as Select-Beopledd has now. Two years later, 93.5% were still going and 4.1% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
93.5%
was still going
2.0%
stopped otherwise
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Select-Beopledd itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,271 companies, not a prediction for Select-Beopledd. 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.