Summary
SELECT GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.8m and a net result of -€1.5m. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 2413 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
28 d early
2022
24 d early
2021
25 d early
2020
19 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 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 Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror Which other companies belong to the same group?SEPARCO · 15 companies
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema, statutory accounts
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.8m▼ 46.1%
2024 · €3.3m
Net result
-€1.5m
2024 · €3.1m
Total assets
€39.8m▲ 0.2%
2024 · €39.7m
Solvency
4.4%▼ 3.8pp
2024 · 8.3%
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
Turnover€2.4m▲ 8.3%€2.9m▲ 23.2%€4.1m▲ 42.8%€6.5m▲ 55.6%€6.2m▼ 3.3%
Operating result€247,336-€56,606€962,773€19,267▼ 98.0%-€1.7m
Net result€50,994▼ 83.2%€2.2m▲ 4,137%€4.0m▲ 85.4%€3.1m▼ 21.9%-€1.5m
Equity€2.5m▼ 5.7%€2.8m▲ 14.5%€3.1m▲ 10.8%€3.3m▲ 4.1%€1.8m▼ 46.1%
Total assets€17.7m▲ 13.3%€28.3m▲ 60.2%€36.3m▲ 28.1%€39.7m▲ 9.5%€39.8m▲ 0.2%
Debt€15.2m▲ 17.5%€25.5m▲ 67.6%€33.1m▲ 29.9%€36.4m▲ 10.0%€38.0m▲ 4.4%
Working capital-€7.4m▼ 8.0%-€9.4m▼ 27.3%-€10.9m▼ 16.0%-€14.5m▼ 33.9%-€16.5m▼ 13.2%
Solvency14.0%▼ 2.8pp10.0%▼ 4.0pp8.7%▼ 1.4pp8.3%▼ 0.4pp4.4%▼ 3.8pp
Staff (FTE)11.4▼ 3.4%13.5▲ 18.4%12.3▼ 8.9%13.6▲ 10.6%13.8▲ 1.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1.7m after €19,267 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39.8m
Fixed assets
€25.6m ▼ 4.2%
Current assets
€14.2m ▲ 9.2%
Equity and liabilities €39.8m
Equity
€1.8m ▼ 46.1%
Debt
€38.0m ▲ 4.4%
Debt's share of the balance-sheet total rises from 91.7% to 95.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-85.7%▼
2024 · 95.5%
ROA
-3.8%▼
2024 · 7.9%
Debt ≤ 1 year
€30.6m▲
2024 · €27.5m
Debt > 1 year
€7.3m▼
2024 · €8.7m
Income taxes
€3,102▼
2024 · €4,826
Staff costs
€1.1m▼
2024 · €1.2m
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €2.6m | €3.2m | €4.4m | €6.6m | €6.5m | ▼ 2.8% |
| Turnover70 | €2.4m | €2.9m | €4.1m | €6.5m | €6.2m | ▼ 3.3% |
| Other operating income74 | €221,143 | €303,871 | €213,924 | €194,080 | €219,185 | ▲ 12.9% |
| Non-recurring operating income76A | - | - | - | - | €1,357 | - |
| Operating charges60/66A | €2.3m | €3.3m | €3.4m | €6.6m | €8.2m | ▲ 23.6% |
| Services and other goods61 | €1.2m | €1.4m | €2.0m | €4.0m | €4.1m | ▲ 2.7% |
| Remuneration, social security and pensions62 | €907,735 | €1.1m | €1.1m | €1.2m | €1.1m | ▼ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €191,542 | €216,059 | €242,663 | €260,327 | €382,097 | ▲ 46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4,761 | - | - | -€3,677 | €228 | ▲ 106% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€30,088 | - | - | - | - | - |
| Other operating charges640/8 | €16,634 | €15,009 | €18,580 | €16,459 | €17,351 | ▲ 5.4% |
| Non-recurring operating charges66A | - | €513,125 | - | €1.2m | €2.6m | ▲ 114% |
| Operating profit (loss)9901 | €247,336 | -€56,606 | €962,773 | €19,267 | -€1.7m | ▼ 9,056% |
| Financial income75/76B | €143,893 | €2.8m | €4.4m | €5.1m | €2.7m | ▼ 46.8% |
| Recurring financial income75 | €143,893 | €2.8m | €4.4m | €3.6m | €2.7m | ▼ 25.8% |
| Income from financial fixed assets750 | - | €2.5m | €3.8m | €2.8m | €1.9m | ▼ 31.8% |
| Income from current assets751 | €143,893 | €249,588 | €597,275 | €838,237 | €789,544 | ▼ 5.8% |
| Other financial income752/9 | - | - | - | - | €6 | - |
| Non-recurring financial income76B | - | - | - | €1.5m | €31,023 | ▼ 97.9% |
| Financial charges65/66B | €331,283 | €536,640 | €1.3m | €2.0m | €2.5m | ▲ 24.8% |
| Recurring financial charges65 | €195,814 | €536,640 | €1.3m | €1.8m | €1.4m | ▼ 24.5% |
| Debt charges650 | €194,209 | €532,481 | €1.3m | €1.8m | €1.4m | ▼ 24.7% |
| Other financial charges652/9 | €1,606 | €4,160 | €4,944 | €2,360 | €5,393 | ▲ 129% |
| Non-recurring financial charges66B | €135,469 | - | - | €200,000 | €1.1m | ▲ 472% |
| Profit (loss) for the period before taxes9903 | €59,946 | €2.2m | €4.0m | €3.1m | -€1.5m | ▼ 148% |
| Income taxes67/77 | €8,951 | €2,811 | €10,381 | €4,826 | €3,102 | ▼ 35.7% |
| Taxes670/3 | €8,951 | €2,811 | €10,381 | €4,826 | €3,102 | ▼ 35.7% |
| Profit (loss) for the period9904 | €50,994 | €2.2m | €4.0m | €3.1m | -€1.5m | ▼ 148% |
| Profit (loss) for the period to be appropriated9905 | €50,994 | €2.2m | €4.0m | €3.1m | -€1.5m | ▼ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.7m | €28.3m | €36.3m | €39.7m | €39.8m | ▲ 0.2% |
| Formation expenses20 | €2,228 | €1,723 | €1,218 | €714 | €237 | ▼ 66.8% |
| Fixed assets21/28 | €11.0m | €18.3m | €24.4m | €26.8m | €25.6m | ▼ 4.2% |
| Intangible fixed assets21 | €254,238 | €260,494 | €390,459 | €927,394 | €850,810 | ▼ 8.3% |
| Tangible fixed assets22/27 | €1.6m | €1.6m | €1.6m | €1.5m | €1.4m | ▼ 9.2% |
| Land and buildings22 | €653,629 | €627,743 | €1.5m | €1.4m | €1.3m | ▼ 6.9% |
| Plant, machinery and equipment23 | €147,680 | €120,340 | €117,742 | €91,240 | €51,529 | ▼ 43.5% |
| Furniture and vehicles24 | €2,329 | €2,086 | €2,959 | €8,956 | €7,792 | ▼ 13.0% |
| Other tangible fixed assets26 | €831,916 | €821,786 | €2,744 | €1,928 | €1,291 | ▼ 33.0% |
| Assets under construction and advance payments27 | - | - | - | €2,900 | €2,900 | = |
| Financial fixed assets28 | €9.1m | €16.5m | €22.5m | €24.3m | €23.4m | ▼ 3.7% |
| Affiliated companies280/1 | €8.5m | €15.6m | €21.4m | €23.8m | €23.4m | ▼ 1.6% |
| Participating interests280 | €7.4m | €13.7m | €20.3m | €21.6m | €21.3m | ▼ 1.3% |
| Amounts receivable281 | €1.1m | €1.9m | €1.1m | €2.2m | €2.1m | ▼ 3.9% |
| Companies linked by participating interests282/3 | €623,457 | €829,993 | €1.0m | €532,287 | - | - |
| Participating interests282 | €284,679 | €284,679 | €349,668 | €132,618 | - | - |
| Amounts receivable283 | €338,777 | €545,313 | €670,981 | €399,669 | - | - |
| Other financial fixed assets284/8 | - | - | - | €1,325 | €1,325 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €1,325 | €1,325 | = |
| Current assets29/58 | €6.7m | €10.0m | €11.8m | €13.0m | €14.2m | ▲ 9.2% |
| Amounts receivable within one year40/41 | €6.2m | €9.6m | €11.4m | €12.2m | €13.4m | ▲ 9.9% |
| Trade receivables40 | €1.4m | €2.7m | €2.9m | €3.3m | €4.7m | ▲ 40.7% |
| Other amounts receivable41 | €4.7m | €6.9m | €8.5m | €8.9m | €8.8m | ▼ 1.6% |
| Cash at bank and in hand54/58 | €125,314 | €138,136 | €53,463 | €175,160 | €291,576 | ▲ 66.5% |
| Deferred charges and accrued income490/1 | €375,374 | €315,669 | €415,361 | €550,523 | €420,216 | ▼ 23.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.7m | €28.3m | €36.3m | €39.7m | €39.8m | ▲ 0.2% |
| Equity10/15 | €2.5m | €2.8m | €3.1m | €3.3m | €1.8m | ▼ 46.1% |
| Contributions10/11 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Capital10 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Issued capital100 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Reserves13 | €90,351 | €198,385 | €220,464 | €220,464 | €220,464 | = |
| Non-distributable reserves130/1 | €90,351 | €198,385 | €220,464 | €220,464 | €220,464 | = |
| Legal reserve130 | €90,351 | €198,385 | €220,464 | €220,464 | €220,464 | = |
| Profit (loss) carried forward14 | €185,581 | €438,210 | €722,353 | €852,825 | -€659,525 | ▼ 177% |
| Provisions and deferred taxes16 | - | - | €10,005 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €10,005 | - | - | - |
| Other liabilities and charges164/5 | - | - | €10,005 | - | - | - |
| Amounts payable17/49 | €15.2m | €25.5m | €33.1m | €36.4m | €38.0m | ▲ 4.4% |
| Amounts payable after more than one year17 | €969,422 | €5.9m | €10.2m | €8.7m | €7.3m | ▼ 16.4% |
| Financial debts170/4 | €969,422 | €5.9m | €10.2m | €8.7m | €7.3m | ▼ 16.4% |
| Subordinated loans170 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Credit institutions173 | €764,232 | €3.5m | €6.6m | €5.4m | €4.2m | ▼ 22.5% |
| Other loans174 | €25,190 | €2.2m | €3.4m | €3.1m | €2.9m | ▼ 6.6% |
| Amounts payable within one year42/48 | €14.0m | €19.4m | €22.7m | €27.5m | €30.6m | ▲ 11.3% |
| Current portion of amounts payable after more than one year42 | €91,561 | €559,874 | €1.3m | €1.4m | €1.4m | ▲ 3.2% |
| Financial debts43 | €13.3m | €16.5m | €17.0m | €22.1m | €28.4m | ▲ 28.3% |
| Credit institutions430/8 | €13.3m | - | - | - | €2.5m | - |
| Other loans439 | - | €16.5m | €17.0m | €22.1m | €25.9m | ▲ 17.0% |
| Trade debts44 | €237,557 | €126,023 | €508,774 | €823,548 | €694,424 | ▼ 15.7% |
| Suppliers440/4 | €237,557 | €126,023 | €508,774 | €823,548 | €694,424 | ▼ 15.7% |
| Taxes, remuneration and social security45 | €167,447 | €196,372 | €190,741 | €193,100 | €128,797 | ▼ 33.3% |
| Taxes450/3 | €22,292 | €54,488 | €37,209 | €2,463 | €2,354 | ▼ 4.4% |
| Remuneration and social security454/9 | €145,154 | €141,884 | €153,533 | €190,637 | €126,443 | ▼ 33.7% |
| Other amounts payable47/48 | €206,150 | €2.0m | €3.7m | €3.0m | €11,593 | ▼ 99.6% |
| Accrued charges and deferred income492/3 | €230,209 | €206,696 | €265,278 | €265,001 | €161,350 | ▼ 39.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,994 | €2.2m | €4.0m | €3.1m | -€1.5m | ▼ 148% |
| + Depreciation and write-downs630 | €191,542 | €216,059 | €242,663 | €260,327 | €382,097 | ▲ 46.8% |
| Operating cash flow (approximation) | €242,537 | €2.4m | €4.2m | €3.4m | -€1.1m | ▼ 133% |
| Investment in fixed assets (approximation) | - | -€7.5m | -€6.4m | -€2.6m | €735,642 | ▲ 128% |
| Change in cash | - | €12,822 | -€84,673 | €121,698 | €116,415 | ▼ 4.3% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €4.0m ▲85.4%
Operating result €962,773, net result €4.0m, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · consolidated
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · consolidated · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 24 acts read
About the unread acts
We know of 24 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
24 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, Antwerpen · 1 establishment unit since 2000
Ground area
4,706 m²
Building footprint
1,277 m²
Volume, LiDAR
5,179 m³
2 parcels, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
Lage Kaart 71, 2930 Brasschaat
since 20002.131.132.065
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0264/00D005 | Flanders | 3,344 m² | 1 · 1,277 m² | 8.9 m · 1 fl. |
| 11815A0430/00D000 | Flanders | 1,363 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
SEPARCO
15 companies
Group, risk and exposure
Owners and holdings
1 owner · 17 holdings · 18 subsidiaries in the treeChain of control
- SEPARCO
- SELECT HOLDING
- SELECT GROUP
Highest known parent: SEPARCO. The sources do not say who stands above it.
Owners 1
-
100%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
99.94%
Holdings 17
-
100%
- EN InternationalsubsidiaryEquity €4.3mResult €712,266100%
-
100%
-
100%
-
100%
- Select HR - PS ServicessubsidiaryEquity -€277,329Result -€62,836100%
- SELECT HUMAN RESOURCESsubsidiaryEquity €2.9mResult €564,051100%
- Select MedicalsubsidiaryEquity €231,818Result -€5,855100%
-
100%
-
99.9%
Show 7 more holdings
- SELECT PROJECTSsubsidiaryEquity €2.8mResult €1.6m99%
-
80%
-
51%
-
51%
-
45%
-
41%
- Sourceown accounts 202537%
All subsidiaries, including indirect ones 18
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- 3W SELECT 100%
EN International 100%1 subsidiary
- Select Group Nederland 100%
- NederlandVacature 100%
PEPS 100%1 subsidiary
- PEPS INTERIM 99.38%
- Select Engineering BV 100%
- Select HR - PS Services 100%
- SELECT HUMAN RESOURCES 100%
- Select Medical 100%
- Select-Beopledd 100%
- Xpertize Luxemburg 99.9%
- SELECT PROJECTS 99%
- Select HR Groep Nederland BV 80%
Growing Leaders 51%1 subsidiary
- FLY Consult 100%
HOR HOLDING 51%1 subsidiary
- Home of Recruitment 100%
According to the 2025 annual accounts of SELECT GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 10,000 EUR awarded · 10,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 10,000 EUR |
| 2022 | 1 | 10,000 EUR | 0 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
875500PP70RPGDCT7234
Similar companies · same sector, comparable size
JOLERIEV
BE 0849.133.347
Zoersel · Eq €1,765,609
Dorpwest
BE 0527.954.073
Beveren-Kruibeke-Zwijndrecht · Eq €1,765,271
JOMINA PARTICIPATIEMIJ
BE 0466.231.290
Schilde · Eq €1,764,932
YALEC
BE 0839.030.105
Wevelgem · Eq €1,767,162
ERNIBO
BE 0837.277.076
Vilvoorde · Eq €1,767,845
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 11,285 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
Founded01-09-1994
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453302675
Also
9925:BE0453302675
Registered
13-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.