Checked.be
Active
BE 0779.351.943Private limited company
SELECT HOLDING
Transcontinentaalweg 13 ·2030 Antwerpen, Belgium· 4 yrs active
Sector: Other business support services
(82990)
Conclusion
SELECT HOLDING has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20.85M and a net result of €2.56M. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 914 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €20.85M |
| Net result | €2.56M |
| Staff (FTE) | 1 |
| Better than sector | 54% |
Financial profile
72
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
51
Profitability
83
Solvency
64
Growth
70
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
51
/ 100
Fair
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€360k
estimate, not credit advice
Score history
23
2022
54
2023
54
2024
51
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.66 (< 1.0)
-10
Leverage
Debt/equity 1.04 (< 2.0)
+3
Profitability
ROE 12% (≥ 10%)
+10
EBITDA margin
EBITDA-marge 18% (≥ 10%)
+8
Interest coverage
Interest coverage 0.6× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-07-2026 with the NBB · fiscal year 2025 · full schema
The figures below are the statutory (non-consolidated) annual accounts. This company also files consolidated accounts; the group figures can differ substantially.
No trend projection for this company: it files both statutory and consolidated annual accounts. The statutory figures above track the parent, and they jump when activities move inside the group, not when the business grows or shrinks. A trend through such a series measures a restructuring, not a business trajectory.
Sector comparison
Fiscal year 2025 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 49.0% | 44.6% | |
| Net result | €2.56M | €47k | |
| Equity | €20.85M | €856k | |
| Staff costs | €107k | €595k | |
| Employees (FTE) | 1.0 | 6.8 |
€3.61M
-5.1%
22-25
€635k
-52.6%
22-25
€2.56M
-30.5%
22-25
€2.57M
-30.9%
22-25
€42.51M
+2.0%
22-25
€20.85M
+14.0%
22-25
€-1.88M
+40.7%
22-25
1
0.0%
22-25
€107k
-25.6%
22-25
€263
-18.7%
22-25
€21.66M
-7.4%
22-25
€5.49M
-7.7%
22-25
€16.16M
-7.2%
22-25
0.66
+40.7%
22-25
0.66
+40.7%
22-25
49.0%
+11.8%
22-25
1.04
-18.8%
22-25
12.3%
-39.0%
22-25
6.0%
-31.8%
22-25
71.0%
-26.7%
22-25
17.6%
-50.1%
22-25
0.60
-41.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | €3.61M | €3.81M | €3.77M | €2.98M |
| EBITDA | €635k | €1.34M | €1.56M | €546k |
| Net profit | €2.56M | €3.69M | €2.04M | €-641k |
| Cash flow | €2.57M | €3.71M | €2.09M | €-595k |
| Staff costs | €107k | €144k | €143k | €134k |
| Income taxes | €263 | €323 | €223 | €296 |
| Dividends | - | - | - | - |
| Total assets | €42.51M | €41.69M | €41.82M | €42.37M |
| Equity | €20.85M | €18.29M | €14.60M | €12.56M |
| Debt | €21.66M | €23.40M | €27.22M | €29.81M |
| of which ≤ 1y | €5.49M | €5.95M | €6.88M | €7.67M |
| of which > 1y | €16.16M | €17.43M | €20.28M | €22.10M |
| Working capital | €-1.88M | €-3.17M | €-4.00M | €-4.28M |
| Employees (FTE) | 1.0 | 1.0 | 1.0 | 1.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.66 | 0.47 | 0.42 | 0.44 |
| Quick ratio | 0.66 | 0.47 | 0.42 | 0.44 |
| Working capital ratio | -4.4% | -7.6% | -9.6% | -10.1% |
| Solvency | 49.0% | 43.9% | 34.9% | 29.6% |
| Debt / equity | 1.04 | 1.28 | 1.86 | 2.37 |
| Long-term debt ratio | 0.78 | 0.95 | 1.39 | 1.76 |
| Interest coverage | 0.60 | 1.01 | 1.06 | 0.48 |
| Gross margin | - | - | - | - |
| Net margin | 71.0% | 96.9% | 54.0% | -21.5% |
| ROA | 6.0% | 8.9% | 4.9% | -1.5% |
| ROE | 12.3% | 20.2% | 14.0% | -5.1% |
| EBITDA margin | 17.6% | 35.2% | 41.4% | 18.3% |
| Days sales outstanding | 325d | 221d | 233d | 334d |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €42.51M | €41.69M | €41.82M | €42.37M |
| Fixed assets | 21/28 | €38.90M | €38.90M | €38.92M | €38.96M |
| Formation expenses | 20 | €4k | €7k | €11k | €17k |
| Intangible fixed assets | 21 | - | €964 | €22k | €63k |
| Tangible fixed assets | 22/27 | - | - | - | €450 |
| Financial fixed assets | 28 | €38.90M | €38.90M | €38.90M | €38.90M |
| Current assets | 29/58 | €3.61M | €2.78M | €2.88M | €3.39M |
| Amounts receivable within one year | 40/41 | €3.39M | €2.53M | €2.68M | €3.18M |
| Cash & bank | 54/58 | €218k | €246k | €195k | €194k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €42.51M | €41.69M | €41.82M | €42.37M |
| Equity | 10/15 | €20.85M | €18.29M | €14.60M | €12.56M |
| Contributions / capital | 10/11 | €13.20M | €13.20M | €13.20M | €13.20M |
| Accumulated profits (losses) | 14 | €7.65M | €5.09M | €1.40M | €-641k |
| Amounts payable | 17/49 | €21.66M | €23.40M | €27.22M | €29.81M |
| Amounts payable after one year | 17 | €16.16M | €17.43M | €20.28M | €22.10M |
| Amounts payable within one year | 42/48 | €5.49M | €5.95M | €6.88M | €7.67M |
| Trade debts payable within one year | 44 | €1.64M | €621k | €644k | €793k |
| Income statement | |||||
| Turnover | 70 | €3.61M | €3.81M | €3.77M | €2.98M |
| Operating result | 9901 | €631k | €1.32M | €1.51M | €500k |
| Financial income | 75 | €3.00M | €3.70M | €2.00M | - |
| Financial charges | 65 | €1.07M | €1.33M | €1.48M | €1.14M |
| Result before taxes | 9903 | €2.56M | €3.69M | €2.04M | €-641k |
| Income taxes | 67/77 | €263 | €323 | €223 | €296 |
| Net result for the period | 9904 | €2.56M | €3.69M | €2.04M | €-641k |
| Result to be appropriated | 9905 | €2.56M | €3.69M | €2.04M | €-641k |
Directors & mandates
Current directors & mandates
-
ASSERPrivate limited companyDirector· perm. rep.: Wouter VandebergState Gazette act 22143649 (06-12-2022)Current01-07-2022 → present
Former directors (1)
-
Vandeberg Finance ManagementPrivate limited companyDirector· perm. rep.: Wouter VandebergState Gazette act 22143649 (06-12-2022)Former- → 01-07-2022
Statutory auditor
| Finvision BedrijfsrevisorenCurrent Statutory auditor · represented by Dieter Engelen | 01-01-2025 → present |
Legal Structure
| NACE primary | Other business support services(82990) |
| Legal form | Private limited company(610) |
| Incorporation | 24-12-2021 |
| Status | Active |
| Postal code | 2030 |
Connections & network
Network connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Show 1 more network connections
Shared corporate director
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Ownership & control
Control over this companysits on this company's board1
5 subsidiaries · 1 location
controls
SELECT HOLDINGBE 0779.351.943
Establishment units
SELECT HOLDING
since 20212.326.988.032
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11815A0430/00D000 | Flanders | 1,363 m² | - | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-11
State Gazette act
Director changes
v3.2
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
31-12
Financial
Highest result since 2022net €3.69M ▲81%
Net result €3.69M, the highest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €2.04M
Net result €2.04M after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-12
State Gazette act
Director changes
v3.2
27-05
State Gazette act
Capital & shares
v3.2
2021
28-12
State Gazette act
Incorporation
oprichting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 1
27-05-2022
v3.2
All acts · 4
updated 9 months ago
2025
14-11-2025 Dieter Engelen reappointed as statutory auditor
- Dieter Engelen, Commissaris
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "commissaris_renew",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Dieter Engelen",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0849882722",
"name": "Finvision Bedrijfsrevisoren BV",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2025-01-01",
"evidence_quote": "Er wordt beslist navolgende personen te herbenoemen tot commissaris: Finvision Bedrijfsrevisoren BV, gevestigd te Zuiderlaan 14/12, 1731 Zellik, met als ondermemingsnummer 0849882722, vertegenwoordigd door haar vaste vertegenwoordiger Dieter Engelen. Het mandaat vangt aan bij het begin van het lopen"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0779.351.943",
"name_full": "SELECT HOLDING",
"legal_form": "BV"
}
}2022
06-12-2022 1 director appointed, 1 resigning
- Wouter Vandeberg, Bestuurder
- Wouter Vandeberg, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Wouter Vandeberg",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0860406034",
"name": "Vandeberg Finance Management",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2022-07-01",
"evidence_quote": "De Raad van Bestuur heeft kennis genomen van het vrijwillig ontslag als Bestuurder met ingang van 01.07.2022 van de besloten vennootschap Vandeberg Finance Management (\u0022VdB Finance Management\u0022), RPR 0860.406.034, met zetel te 2970 Schilde, Gouwberg 22, vast vertegenwoordigd door dhr. Wouter Vandeber"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Wouter Vandeberg",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0897013537",
"name": "ASSER",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2022-07-01",
"evidence_quote": "om in overeenstemming met artikel 7:88 \u00A71 Wetboek Vennootschappen en Verenigingen als nieuwe Bestuurder te co\u00F6pteren met ingang van 01.07.2022: de besloten vennootschap ASSER, RPR 0897.013.537, met zetel te 2970 Schilde, Patrijzenlaan 22, vast vertegenwoordigd door dhr. Wouter Vandeberg."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0779.351.943",
"name_full": "SELECT HOLDING",
"legal_form": "BV"
}
}27-05-2022 Transaction in capital or shares
Summary:
v3.2
Technical details
{
"events": [],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0779.351.943",
"name_full": "SELECT HOLDING",
"legal_form": "BV"
}
}2021
28-12-2021 Incorporation of a new BV
Summary:
oprichting
Technical details
{
"kind": "oprichting",
"seat": "2030 Antwerpen, Transcontinentaalweg 13",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [],
"capital_eur": 13200000,
"subject_company": {
"kbo": "0779.351.943",
"name_full": "SELECT HOLDING",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2021-12-24",
"post_incorporation_mandates": []
}Credit advice
Company registry (CBE)
Activities
Holdings64200Activities of holding companies64210Other business support services82990
Names & trade names
| Legal nameNL | SELECT HOLDING |
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