SELECT BUILDING
ActiveSummary
SELECT BUILDING has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-74k) and a net result of €-12k. Equity is shrinking by ~43% per year across the filed fiscal years. Its solvency ranks better than 15% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▲+25
Solvency19▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 9.81 against 7.11 in 2024; short-term debt: 10.1% and cash: 13.2% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.9%
Return on assets
-1%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-74k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
32 d early
2023
2 d early
2022
50 d early
2021
on the day
2020
33 d early
2019
32 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€-74k▼ 19.5%
2024 · €-62k
Total assets
€1.26M▲ 33.8%
2024 · €942k
Net result
€-12k▲ 92.6%
2024 · €-164k
Working capital
€1.13M▲ 39.8%
2024 · €806k
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
Line20212022202320242025
Operating result€-8k▲ 44.2%€-5k▲ 41.1%€134k€-114k€72k
Net result€-9k▲ 58.5%€-5k▲ 43.7%€92k€-164k€-12k▲ 92.6%
Equity€15k▼ 37.9%€10k▼ 34.4%€102k▲ 956%€-62k€-74k▼ 19.5%
Total assets€82k▲ 6.4%€173k▲ 111%€913k▲ 428%€942k▲ 3.2%€1.26M▲ 33.8%
Debt€67k▲ 26.1%€163k▲ 143%€811k▲ 396%€1.00M▲ 23.9%€1.33M▲ 32.9%
Working capital€-5k€-1k▲ 71.2%€153k€806k▲ 426%€1.13M▲ 39.8%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €72k after a loss of €114k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets
€6k ▲ 53.4%
Current assets
€1.25M ▲ 33.7%
Key figures and ratios
EBITDA
€72k▲
2024 · €-107k
Cash flow
€-11k▲
2024 · €-158k
Solvency
-5.9%▲
2024 · -6.6%
Current ratio
9.81▲
2024 · 7.11
Quick ratio
1.76▲
2024 · 0.87
Debt to equity
-18.01▼
2024 · -16.20
ROA
-1.0%▲
2024 · -17.4%
Interest coverage
0.88▲
2024 · -2.08
Debt ≤ 1 year
€128k▼
2024 · €132k
Debt > 1 year
€1.18M▲
2024 · €853k
Income taxes
€2k▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €6k | €6k | €826 | ▼ 86.9% |
| Other operating charges640/8 | - | €2k | €2k | €12k | €46k | ▲ 277% |
| Non-recurring operating charges66A | - | - | €40k | €0 | - | - |
| Gross operating margin9900 | €-813 | €3k | €182k | €-95k | €119k | ▲ 225% |
| Operating profit (loss)9901 | €-8k | €-5k | €134k | €-114k | €72k | ▲ 163% |
| Financial income75/76B | - | €1 | €0 | €1k | €0 | ▼ 100% |
| Recurring financial income75 | - | €1 | €0 | €1k | €0 | ▼ 100% |
| Financial charges65/66B | - | €338 | €27k | €52k | €82k | ▲ 59.2% |
| Recurring financial charges65 | €363 | €338 | €27k | €52k | €82k | ▲ 59.2% |
| Profit (loss) for the period before taxes9903 | €-8k | €-5k | €107k | €-164k | €-11k | ▲ 93.6% |
| Income taxes67/77 | €619 | €1 | €14k | €0 | €2k | - |
| Profit (loss) for the period9904 | €-9k | €-5k | €92k | €-164k | €-12k | ▲ 92.6% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-5k | €92k | €-164k | €-12k | ▲ 92.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82k | €173k | €913k | €942k | €1.26M | ▲ 33.8% |
| Fixed assets21/28 | €21k | €11k | €9k | €4k | €6k | ▲ 53.4% |
| Tangible fixed assets22/27 | €21k | €11k | €9k | €4k | €6k | ▲ 54.1% |
| Plant, machinery and equipment23 | - | - | - | €1k | €4k | ▲ 230% |
| Furniture and vehicles24 | - | €11k | €9k | €3k | €2k | ▼ 26.1% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €61k | €162k | €904k | €938k | €1.25M | ▲ 33.7% |
| Stocks and contracts in progress3 | €12k | €58k | €684k | €823k | €1.03M | ▲ 25.0% |
| Stocks30/36 | - | €58k | €684k | €823k | €1.03M | ▲ 25.0% |
| Amounts receivable within one year40/41 | €48k | €49k | €62k | €85k | €59k | ▼ 30.4% |
| Trade receivables40 | - | €48k | €58k | €81k | €56k | ▼ 31.7% |
| Other amounts receivable41 | - | €937 | €4k | €4k | €4k | = |
| Cash at bank and in hand54/58 | €948 | €52k | €156k | €28k | €166k | ▲ 490% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €2k | €708 | ▼ 71.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82k | €173k | €913k | €942k | €1.26M | ▲ 33.8% |
| Equity10/15 | €15k | €10k | €102k | €-62k | €-74k | ▼ 19.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €13k | €13k | €23k | €23k | €23k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €7k | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | €-60k | €-65k | €18k | €-146k | €-158k | ▼ 8.3% |
| Amounts payable17/49 | €67k | €163k | €811k | €1.00M | €1.33M | ▲ 32.9% |
| Amounts payable after more than one year17 | €2k | - | €53k | €853k | €1.18M | ▲ 38.1% |
| Financial debts170/4 | - | - | €53k | €853k | €1.18M | ▲ 38.1% |
| Amounts payable within one year42/48 | €65k | €163k | €750k | €132k | €128k | ▼ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €2k | €0 | - | €12k | - |
| Trade debts44 | €4k | €2k | €495k | €9k | €14k | ▲ 43.2% |
| Suppliers440/4 | - | €2k | €495k | €9k | €14k | ▲ 43.2% |
| Taxes, remuneration and social security45 | - | €2k | €121k | €10k | €77k | ▲ 657% |
| Taxes450/3 | - | €2k | €121k | €10k | €77k | ▲ 657% |
| Other amounts payable47/48 | - | €158k | €134k | €112k | €25k | ▼ 77.5% |
| Accrued charges and deferred income492/3 | - | - | €7k | €19k | €29k | ▲ 50.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €-5k | €92k | €-164k | €-12k | ▲ 92.6% |
| + Depreciation and write-downs630 | €5k | €5k | €6k | €6k | €826 | ▼ 86.9% |
| Operating cash flow (approximation) | €-4k | €403 | €98k | €-158k | €-11k | ▲ 92.9% |
| Investment in fixed assets (approximation) | - | €5k | €-3k | €-1k | €-3k | ▼ 119% |
| Change in cash | - | €51k | €104k | €-128k | €138k | ▲ 208% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-164k
Net result drops to €-164k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 6current ratio 7.11
Current ratio from 1.20 to 7.11; short-term debt falls from €750k to €132k.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €92k
Net result €92k after 4 loss-making years.
30-06
Financial
Equity above €100kEq €102k ▲956%
Equity rises from €10k to €102k.
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are 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, Brugge · 1 establishment unit since 2003
Ground area
1,071 m²
Building footprint
229 m²
Volume, LiDAR
1,174 m³
Parcel 31007E0753/00G003, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Noordsterstraat 14, 8380 Brugge
since 20032.124.082.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31007E0753/00G003 | Flanders | 1,071 m² | 1 · 229 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 92 EUR awarded · 92 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 92 EUR | 92 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 5,311 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-05-1973
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.