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SELECT CONSTRUCT

Active Public limited companyfounded 1993active for 33 yearsRue de Liège 5, 6180 CourcellesKBO/BCE: BE 0449.714.665 subsidiary of SELECT PRODUCT
SELECT CONSTRUCT
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Overview

Lifetime

19 annual accounts with figures on one time axis, 32 filings since 1993
Gross marginpeak €190,009 (2016)
€4,309▼ 6.6%
Resultlowest -€235,599 (2011)
€2,725▼ 9.2%
Equitypeak €353,822 (2025)
€353,822▲ 0.8%
Debts
€475,361▲ 126%
Staffpeak 3 FTE (2007)
-not published
Board2 names since 2014
2 directorsDAGLI Filiz and 1 other
Owners
100%SELECT PRODUCT
Documentsfilings and deeds
29-01-20262 days before the deadline
2025financial year
Debts from €209,958 to €475,361Cash from €6,886 to €23,649

Key points

from the 2025 annual accounts

Equity

€353,822 ▲ 0.8%

SELECT CONSTRUCT has made a profit without a break since 2021.

Liquidity

8.53 was 1.69 in 2024

Short-term debts fell from €209,958 to €73,039.

Filings

32 annual accounts since 1993
deadline200020102020

The last five annual accounts were filed 2 to 187 days before the end of the period.

Checked score

88
Excellent
Financially stronger than 42% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.5% across 13,462 companies (NACE 41, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2%lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025lowest value 06-2025: 0.2%● unchanged vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025highest value 02-2026: 0.2%▼ -0.1 percentage points vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Average

Solvency
68-20equity 42.7% of total assets
Liquidity
54+20short-term debt 8.8% · cash 2.9%
Profitability
38-1return on assets 0.3%

Score breakdown

raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 8.53, cash €23,649
lowers risk
Founded in 1993
Size: total assets €829,184
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 41, micro). It does better than 51% of them on solvency, 57% on liquidity, 23% on profitability and 38% on growth.

The bankruptcy probability was computed on 05-11-2026 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 30-06-2025.

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, 14,766 companies had the same profile as SELECT CONSTRUCT has now. Each dot stands for 37 companies, two years later.

96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SELECT CONSTRUCT itself: 0.2% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 14,766 companies, not a prediction for SELECT CONSTRUCT. 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 €30,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 8.53 (1.69 in 2024), above the usual 1.5. Short-term debt is 8.8% and cash 2.9% of total assets. However, 57.3% 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 riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Founded in 1993
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €829,184
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 8.53, cash €23,649
NBB · annual accounts
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
183 days early
2023
187 days early
2022
171 days early
2021
172 days early
2020
177 days early
2019
179 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 153 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

neutral · Annual accounts later than usual
The company usually files around 12 August, a date now 86 days past (4 of the last 5 accounts filed within 30 days either side of that date). The accounts for the year that closed on 30-06-2026 are not filed yet; the legal deadline runs until 31-01-2027. This is a change of habit, not yet a late filing.
NBB · 10 filings
Where today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

TS
TÜRKOGLU Selaattin
Chair
DF
DAGLI Filiz
Director, since 15-05-2023
  • SELECT PRODUCT 100%score 69equity €2.1m (2025) · 2025 annual accounts of SELECT PRODUCT
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0449714665
1 director appointed, 2 reappointments Reappointments: TÜRKOGLU Selaattin (director) and DAGLI Filiz (director) · Appointment: TÜRKOGLU Selaattin (managing director) · Director discharge: TÜRKOGLU Selaattin · General meeting of 15-05-2023 · Gazette deed
First establishment Rue Chavannes 5, Charleroi
Incorporation published on 27-04-1993 · Gazette deed
All 43 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
SELECT CONSTRUCT Courcelles €829,184 €4,309 42.7% -
IMMODEM Ternat €769,370 €4,719 9.4% -
RAIFF CONSTRUCT Knokke-Heist €868,539 €4,775 80.6% -
T.H.D. Deerlijk €858,683 €4,396 40.9% -
ROOSE - COLPAERT Diksmuide €830,325 €6,213 70.4% 0.5
HYLJA PROJECTS Oudsbergen €628,133 €3,233 25.1% -
Oromex Hasselt €662,888 €4,471 -69.1% -

These companies have the same main activity as SELECT CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €628,000 and €869,000, founded between 1987 and 2000.

Official details

Source: KBO
Status
Active since 31-03-1993Normal situation
Activity
General construction of residential buildingsNACE 41001
Joint committee
124Construction · annual accounts 30-06-2025
Establishment unit
2.061.758.3586000 Charleroi, since 19-04-1993
Financial year end
30 June
Peppol
Reachable since 30-03-2026
Company details

Annual accounts to 30-06-2025

Gross margin
€4,309▼ 6.6%
Turnover
≈ €54,000estimated
Profit
€2,725▼ 9.2%
Equity
€353,822▲ 0.8%
Total assets
€829,184▲ 47.8%
Filing
Filed on 29-01-2026, 2 days before the end of the filing period
Financials

Insights on SELECT CONSTRUCT

SELECT CONSTRUCT has existed since 1993. In 2016 the gross margin rose from €6,261 to €190,009.

The gross margin has fallen every year since 2021. Solvency fell in 2025 from 62.6% to 42.7%.

SELECT PRODUCT holds all the shares. In June 2023, the Official Gazette published the appointment of TÜRKOGLU Selaattin as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 29-01-2026, 2 days before the deadline
Gross margin
€4,309
▼ 6.6%
Operating result
€4,309
▼ 6.6%
Profit
€2,725
▼ 9.2%
Working capital
€549,694
▲ 279%
Solvency
42.7%
▼ 19.9 percentage points
Current ratio
8.53
▲ 6.83

The turnover shown is an estimate from the gross margin.

Turnover ≈ €54,000. Estimated: probably between €25,000 and €100,000.

Balance sheet

balance sheet total €829,184 on 30-06-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency42.7%

Higher than 61% of 1,032 companies in 2025.

Current ratio8.53

Higher than 92% of 1,012 companies in 2025.

Return on assets0.3%

Higher than 34% of 1,027 companies in 2025.

SELECT CONSTRUCT Middle half of the sector 80% of the sector Full accounts in construction of buildings (NACE 41)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 829,184561,056463,577569,693914,414413,237421,215448,996452,435623,074342,420339,934206,561208,503211,223646,6741.7m859,9911.1m
Formation expenses20 ---------------5501,6502,7503,850
Fixed assets21/28 206,450206,000206,000207,400208,800210,200211,860206,520206,780207,039206,000206,000206,000206,093206,187216,717306,839407,099272,637
Tangible fixed assets22/27 206,000206,000206,000207,400208,800210,200211,860206,520206,780207,039206,000206,000206,000206,093206,187216,167304,964404,214268,787
Land and buildings22 206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000266,678346,000206,000
Furniture and vehicles24 ---1,4002,8004,2005,8605207801,039---931873,4676,5999,26562,787
Financial fixed assets28 450---------------225135-
Current assets29/58 622,734355,056257,577362,293705,614203,037209,355242,476245,656416,034136,420133,9345612,4095,036429,9571.4m452,892857,339
Stocks and contracts in progress3 325,686281,409218,873188,873188,873188,873202,616200,083187,485385,804133,685131,229---378,3141.1m360,000-
Stocks30/36 240,686196,409188,873188,873188,873188,873184,616200,083187,485134,033133,685131,229---378,314899,510--
Contracts in progress37 85,00085,00030,000---18,000--251,771------240,000360,000-
Amounts receivable within one year40/41 272,83766,55133,60175,316194,9973736,33930,9895,57026,6691541,8925142,3844,81451,15914,12689,209848,509
Trade receivables40 2,220--------25,500---------
Other amounts receivable41 270,61766,55133,60175,316194,9973736,33930,9895,5701,1691541,8925142,3844,81451,15914,12689,209848,509
Cash at bank and in hand54/58 23,6496,8864,89297,893321,51913,79140011,40452,6013,3712,581813472555460245,073-7,399
Deferred charges and accrued income490/1 562210210210224----190----167252,1883,6821,431
Balance sheet: equity and liabilities
Total equity and liabilities10/49 829,184561,056463,577569,693914,414413,237421,215448,996452,435623,074342,420339,934206,561208,503211,223646,6741.7m859,9911.1m
Equity10/15 353,822351,098348,096341,205328,511307,426314,949313,354240,345148,164-41,467-47,607-60,107-60,594-69,891165,708172,271307,781294,029
Contributions10/11 268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000
Capital10 268,000--268,000---------------
Issued capital100 268,000--268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000
Reserves13 17,90017,90017,90017,90014,20011,80011,80011,7008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0006,030
Non-distributable reserves130/1 17,90017,90017,90017,90014,200--------------
Legal reserve130 17,900--17,90014,20011,80011,80011,7008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0006,030
Reserves not available under the articles1311 -17,90017,900----------------
Profit (loss) carried forward14 67,92265,19862,19655,30546,31127,62635,14933,654-35,655-127,836-317,467-323,607-336,107-336,594-345,891-110,292-103,72931,78119,999
Amounts payable17/49 475,361209,958115,481228,487585,902105,811106,265135,642212,090474,910383,887387,541266,668269,097281,114480,9661.5m552,210835,947
Amounts payable after more than one year17 402,322---------------25,39446,00447,242
Financial debts170/4 ----------------25,39446,00447,242
Other amounts payable178/9 402,322------------------
Amounts payable within one year42/48 73,039209,958115,48188,487130,881105,811103,330135,642212,090177,580381,260383,495266,668269,097281,114476,6411.5m469,873463,705
Current portion of amounts payable after more than one year42 ---------------13,48019,26019,40513,731
Financial debts43 ----------------683,000382,249-
Credit institutions430/8 -----------------132,249-
Other loans439 ----------------683,000250,000-
Trade debts44 29,55666,04115,72383,88770,512-1,01325,31436,3051,210-1,210--727,94112,65157,064273,175
Suppliers440/4 29,55666,04115,72383,88770,512-1,01325,31436,3051,210-1,210--727,94112,65157,064273,175
Taxes, remuneration and social security45 1,0081,1402,5004,6005,000-704,395--94------11,155-
Taxes450/3 1,0081,1402,5004,6005,000-701,750--94------5,000-
Remuneration and social security454/9 -------2,645---------6,155-
Other amounts payable47/48 42,476142,77797,257-55,369105,811102,247105,933175,786176,370381,165382,285266,668269,097281,042455,220792,986-176,800
Accrued charges and deferred income492/3 ---140,000455,021-2,935--297,3302,6274,046---4,3252,17336,333325,000
Income statement
Non-recurring operating income76A -------4,750-----8,8072,01096,82344,95650-
Gross operating margin9900 4,3094,61211,31119,52026,022-5,46237,44481,32492,690190,0096,26112,5971,227661-224,887-53,151-70,224161,468186,312
Remuneration, social security and pensions62 ------33,78410,035--------26,28194,16096,450
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 --1,4001,4001,4001,6601,660260260260--939310,53017,63321,49524,73532,059
Other operating charges640/8 ------------5611001,6348,6021,500123-
Non-recurring operating charges66A ---------------17,083---
Operating profit (loss)9901 4,3094,6129,91118,12024,622-7,1222,00071,02992,430189,7496,26112,597572468-237,051-79,385-119,50042,45157,803
Financial income75/76B --4001,907--4,762-----34112,6732027822,471
Recurring financial income75 --4001--12-----34112,6732027822,471
Non-recurring financial income76B ----1,906--4,750-----------
Financial charges65/66B 6094635578704443953601,0312491181209785135719,58861,24117,3502,524
Recurring financial charges65 6094635578704443953601,0312491181209785135719,58861,24117,3502,524
Profit (loss) for the period before taxes9903 3,7004,1499,39417,24926,085-7,5171,64074,75992,181189,6316,14012,5004879,297-235,601-6,560-135,58325,93357,751
Income taxes67/77 9761,1472,5034,5555,0006451,750-------24-7412,18118
Profit (loss) for the period9904 2,7253,0026,89012,69421,085-7,5231,59573,00992,181189,6316,14012,5004879,297-235,599-6,564-135,51013,75257,733
Profit (loss) for the period to be appropriated9905 2,7253,0026,89012,69421,085-7,5231,59573,00992,181189,6316,14012,5004879,297-235,599-6,564-135,51013,75257,733
Appropriation of the result
Profit (loss) to be appropriated9906 67,92265,19862,19659,00548,71127,62635,24937,354-35,655-127,836-317,467-323,607-336,107-336,594-345,891-110,292-103,72933,75125,999
Profit (loss) brought forward from the previous period14P 65,19862,19655,30546,311---------------
Transfer to equity691/2 ---3,7002,400-1003,700---------1,9706,000
To the legal reserve6920 ---3,7002,400-1003,700---------1,9706,000
Social balance sheet
Average staff (FTE)9087 ------11--------333
Hours worked1013 ------1,200360--------1,1464,1054,202
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.

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 filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 29-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 full format 29-01-2026 2026-00018664 PDF
30-06-2024 micro format 01-08-2024 2024-00324335 PDF
30-06-2023 micro format 28-07-2023 2023-00286371 PDF
30-06-2022 micro format 13-08-2022 2022-20286672 PDF
30-06-2021 micro format 12-08-2021 2021-48000236 PDF
30-06-2020 micro format 07-08-2020 2020-39800246 PDF
30-06-2019 micro format 05-08-2019 2019-43900261 PDF
30-06-2018 full format 26-07-2018 2018-38100507 PDF
30-06-2017 full format 08-08-2017 2017-41900205 PDF
30-06-2016 full format 09-08-2016 2016-41400206 PDF
30-06-2015 full format 13-08-2015 2015-42100265 PDF
30-06-2014 full format 12-08-2014 2014-41600341 PDF
30-06-2013 full format 19-08-2013 2013-43500196 PDF
30-06-2012 full format 06-08-2012 2012-38800349 PDF
30-06-2011 full format 27-07-2011 2011-34200162 PDF
30-06-2010 full format 09-08-2010 2010-39400253 PDF
30-06-2009 full format 10-08-2009 2009-55500097 PDF
30-06-2008 full format 12-08-2008 2008-56000307 PDF
30-06-2007 full format 30-07-2007 2007-49700297 PDF
31-12-2005 full format 09-06-2006 2006-22101340 PDF
31-12-2004 full format 24-06-2005 2005-32703796 PDF
31-12-2003 full format 15-06-2004 2004-24702232 PDF
31-12-2002 full format 18-06-2003 2003-25603185 PDF
31-12-2001 full format 01-10-2002 2002-60802207 PDF
31-12-2000 full format 15-06-2001 2001-22002501 PDF
31-12-1999 full format 16-06-2000 2000-23102639 PDF
31-12-1998 full format 24-09-1999 1999-48603609 PDF
31-12-1997 full format 18-12-1998 1998-62205052 PDF
31-12-1996 full format 12-11-1997 1997-52503296 PDF
31-12-1995 full format 26-09-1996 1996-45601800 PDF
31-12-1994 full format 26-09-1996 1996-45601811 PDF
31-12-1993 full format 26-09-1994 1994-41101575 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
EBITDA --11,31119,52026,022-5,4623,66071,28892,690190,009--665561-226,521-61,752-98,00567,18689,862
Cash flow --8,29014,09422,485-5,8633,25573,26992,441189,891--5819,390-225,06911,069-114,01538,48789,792
Investment in fixed assets (approximation) 450-00007,000001,299--000-72,490557159,44793,196
Change in cash 16,7631,994-93,001-223,626307,72813,391-11,004-41,19649,2307901,76976522-30-405-244,613---
Working capital 549,694145,098142,096273,805574,73397,226106,024106,83533,565238,455-244,840-249,561-266,107-266,688-276,078-46,684-107,001-16,981393,634
Solvency 42.7%62.6%75.1%59.9%35.9%74.4%74.8%69.8%53.1%23.8%-12.1%-14.0%-29.1%-29.1%-33.1%25.6%10.1%35.8%26.0%
Current ratio 8.531.692.234.095.391.922.031.791.162.340.360.350.000.010.020.900.930.961.85
Quick ratio 4.070.350.341.963.950.130.070.310.270.170.010.010.000.010.020.110.170.201.85
Debt to equity 1.340.600.330.671.780.340.340.430.883.21-----2.908.911.792.84
ROE 0.8%0.9%2.0%3.7%6.4%-2.4%0.5%23.3%38.4%128.0%------4.0%-78.7%4.5%19.6%
ROA 0.3%0.5%1.5%2.2%2.3%-1.8%0.4%16.3%20.4%30.4%1.8%3.7%0.2%4.5%-111.5%-1.0%-7.9%1.6%5.1%
Interest coverage --20.3122.43---------------

EBIT margin: not included in this filing.

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
Item30-06-202530-06-202430-06-202330-06-2022
Financial fixed assets€450---
Depreciation and write-downs of the year--€1,400€1,400

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on SELECT CONSTRUCT

The operating result for 2025 is 7% lower than in 2024 and the lowest since 2020. It is the fourth fall in a row.

Debt's share of the balance-sheet total rises from 37.4% to 57.3%. Equity and debt are higher.

Board & ownership

Board

2 directors, 1 in day-to-day management, last change in 2023
TÜRKOGLU Selaattin
Chair of the board, director (not named in the articles) and managing director
chair of the board appointed by deed of 01-06-2023 director (not named in the articles) since 15-05-2023 term until 15-05-2029, 6-year term from 2023
listed in the 2025 annual accounts, filed on 29-01-2026
DAGLI Filiz
Director (not named in the articles)
since 15-05-2023 6-year term from 2023
listed in the 2025 annual accounts, filed on 29-01-2026
Day-to-day management
TÜRKOGLU Selaattin

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
DAGLI Filiz
Director (not named in the articles)
TÜRKOGLU Selaattin
Director (not named in the articles), Chair of the board, Managing director
LeadershipBoardRest of the term
Mandates as a list
  • DAGLI Filiz
    • Director (not named in the articles), from 31-07-2014 to date
  • TÜRKOGLU Selaattin
    • Director (not named in the articles), from 31-07-2014 to date
    • Chair of the board, appointed by deed of 01-06-2023, still in office
    • Managing director, appointed by deed of 01-06-2023, still in office

See the board, name and registered office on a given date →

Control

Parent
SELECT PRODUCT
Equity €2.1m
Loss €616,132 in 2025 (loss €321,686 in 2024)
Checked score 69
Source: accounts SELECT PRODUCT 2025
100%
This company
SELECT CONSTRUCT
Equity €353,822
Profit €2,725 in 2025

Capital

Capital
€268,000
Shares
5,402
Contribution per share
€49.61
Equity per share
€65.50 in 2025
Source
deed of 01-06-2023

Owners through the years

as the annual accounts name them
SELECT PRODUCT
24%100%
100%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 01-06-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Monday of July at 19:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Assemblée générale en décide autrement à majorité des voix, toutes opérations prévues par loi”

Network & group

Group

SELECT PRODUCT has 1 direct subsidiary (2025 accounts), the bar shows equity in euros
ParentSELECT PRODUCT1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

  • BE SELECT CONSTRUCT €353,822 result €2,725

Source: list of holdings in the 2025 accounts of SELECT PRODUCT. Every holding stands with its own latest accounts.

Connections & network

2 current directors
Depth

The network starts from the directors of SELECT CONSTRUCT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

43 events since 1993

Deadline for the 2026 accounts: 31-01-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0449714665
Annual accounts 2025 filed PDFfull format · 2 days before the deadline
2025
Liquidity times 5 current ratio 8.53 The current ratio rises from 1.69 to 8.53. Short-term debt falls from €209,958 to €73,039.
2024
Annual accounts 2024 filed PDFmicro format · 183 days before the deadline
2023
Annual accounts 2023 filed PDFmicro format · 187 days before the deadline
1 director appointed, 2 reappointmentsReappointments: TÜRKOGLU Selaattin (director) and DAGLI Filiz (director) · Appointment: TÜRKOGLU Selaattin (managing director) · Director discharge: TÜRKOGLU Selaattin · General meeting of 15-05-202310 points ▸
  • General meeting, 15-05-2023
  • Capital, €268,000, 5,402 shares
  • Director reappointment, TÜRKOGLU Selaattin (director (not named in the articles))
  • Director reappointment, DAGLI Filiz (director (not named in the articles))
  • Director discharge, TÜRKOGLU Selaattin
  • Director discharge, DAGLI Filiz
  • Registered office clause, Rue de Liège 5, 6180 Courcelles
  • Power of attorney, Anne-Sophie DEMOULIN
  • Director appointment, TÜRKOGLU Selaattin (managing director)
  • Director appointment, TÜRKOGLU Selaattin (chair of the board)
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2022 filed PDFmicro format · 171 days before the deadline
2021
Annual accounts 2021 filed PDFmicro format · 172 days before the deadline
Back to profit net €21,085 The net result is €21,085, after one loss-making year.
Liquidity more than doubled current ratio 5.39 The current ratio rises from 1.92 to 5.39.
2020
Annual accounts 2020 filed PDFmicro format · 177 days before the deadline
2019
Annual accounts 2019 filed PDFmicro format · 179 days before the deadline
2018
Annual accounts 2018 filed PDFfull format · 189 days before the deadline
2017
Annual accounts 2017 filed PDFfull format · 176 days before the deadline
2016
Annual accounts 2016 filed PDFfull format · 175 days before the deadline
Highest result from 2007 to 2025 net €189,631 ▲2,988% The operating result of €189,749 and the net result of €189,631 are both a record.
Liquidity more than 6 times current ratio 2.34 The current ratio rises from 0.36 to 2.34. Short-term debt falls from €381,260 to €177,580.
2015
Annual accounts 2015 filed PDFfull format · 171 days before the deadline
2014
Annual accounts 2014 filed PDFfull format · 172 days before the deadline
2013
Annual accounts 2013 filed PDFfull format · 165 days before the deadline
2012
Annual accounts 2012 filed PDFfull format · 178 days before the deadline
Back to profit net €9,297 The net result is €9,297, after 3 loss-making years.
2011
Annual accounts 2011 filed PDFfull format · 188 days before the deadline
Weakest financial year net -€235,599 The net result drops to -€235,599, the lowest from 2007 to 2025. It recovers the following year.
2010
Annual accounts 2010 filed PDFfull format · 175 days before the deadline
2009
Annual accounts 2009 filed PDFfull format · 174 days before the deadline
2008
Annual accounts 2008 filed PDFfull format · 172 days before the deadline
2007
Annual accounts 2007 filed PDFfull format · 185 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1994 filed PDFfull format
Annual accounts 1995 filed PDFfull format
1994
Annual accounts 1993 filed PDFfull format
1993
First establishment Rue Chavannes 5, Charleroi
Incorporation published on 27-04-1993

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

On 31 March 1993, SELECT CONSTRUCT was incorporated.1 Total assets went from €421,215 in 2019 to €829,184 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0449.714.665
VAT number
BE 0449.714.665
Peppol ID
0208:0449714665
Other Peppol ID
9925:BE0449714665
Legal form
Public limited company
Status
Active, normal situation
Founded
31-03-1993
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Monday of July at 19:00
deed of 01-06-2023 (in French)
Peppol
Reachable since 30-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SELECT CONSTRUCT in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 01-06-2023 (in French)

Activities

NACEBEL 2025
41001 General construction of residential buildings main activity
Joint committees annual accounts 30-06-2025
JC 124 Construction
Codes under NACEBEL 2008
41201 General construction of buildings main activity
Codes under NACEBEL 2003
45211 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'acquisition et la gestion d'un patrimoine mobilier et immobilier,en ce compris l'achat,la vente,la promotion immobilière,la location et la…”
7 activities
  1. L'acquisition et la gestion d'un patrimoine mobilier et immobilier,en ce compris l'achat,la vente,la promotion immobilière,la location et la gestion d'immeubles,tant pour compte personnel que pour compte de tiers,en ce compris le lotissement,le leasing,l'entretien et l'aménagement,sans que cette énonciation soit limitative.
  2. La construction,la transformation,la rénovation de tous bâtiments,ouvrages d'art,voiries,ainsi que toutes études,analyses préalables à la construction,travaux de placement,d'exécution et de surveillance,entreprise générale de construction,sans que cette énonciation soit limitative.
  3. L'achat et la vente de matériaux se rapportant à la construction dans les domaines généralement quelconques.
  4. L'acquisition,la vente,la location,l'entretien ou l'élevage,l'organisation de la pension de chevaux,pour compte propre ou pour compte de tiers,la location,la vente,l'entretien de boxes pour chevaux.
  5. Elle peut accomplir toutes opérations généralement quelconques de vente ou d'achat ou plus généralement toutes opérations d'import-export tant en Belgique qu'à l'étranger en vue de faciliter la réalisation de son objet social.
  6. Elle peut accomplir toutes opérations généralement quelconques,commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet
  7. Elle peut exercer également toutes opérations de services au profit de tous tiers.
deed of 01-06-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue de Liège 5 registered office 6180 Courcelles
Rue Chavannes 5 6000 Charleroi 19-04-1993 2.061.758.358

Buildings and parcels at the addresses

Ground area
1.4 ha
Buildings
2,025 m²
Volume, LiDAR
12,551 m³
Tallest building
13.6 m
Buildings to scale, each on its own parcel
1,947 m², 8.8 m 79 m², 13.6 m 1,947 m², 8.8 m 79 m², 13.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
52322A0144/00T0041.4 ha 1 · 1,947 m² 8.8 m · 2
52011B0108/00R000144 m² 1 · 79 m² 13.6 m · 4

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0449.714.665

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