Select HR - PS Services
ActiveSummary
Select HR - PS Services has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€734,575) and a net result of -€457,246. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-2
Solvency0=
Growth22▼-2
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.53 in 2024; short-term debt: 354.4% and cash: 1.6% of total assets), and equity is negative.
Credit check for your own amount and term
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-257.4%
Return on assets
-160.2%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€734,575
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 · 10 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 30% 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. Usually files around 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 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 check 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?Public money Which other companies belong to the same group?SEPARCO · 15 companies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€433,932▼ 52.3%
2024 · €908,896
EBIT margin
-98.9%▼ 95.5pp
2024 · -3.4%
Net result
-€457,246▼ 628%
2024 · -€62,836
Working capital
-€751,840▼ 160%
2024 · -€288,944
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€831,449▼ 40.5%€881,933▲ 6.1%€824,902▼ 6.5%€908,896▲ 10.2%€433,932▼ 52.3%
Operating result€83,217€93,743▲ 12.6%-€128,530-€30,545▲ 76.2%-€429,096▼ 1,305%
Net result€72,900within the sector's middle half€85,336within the sector's middle half▲ 17.1%-€142,148below the sector's middle half-€62,836below the sector's middle half▲ 55.8%-€457,246below the sector's middle half▼ 628%
EBIT margin10.0%▲ 27.0pp10.6%▲ 0.6pp-15.6%▼ 26.2pp-3.4%▲ 12.2pp-98.9%▼ 95.5pp
Equity-€157,681below the sector's middle half▲ 31.6%-€72,346below the sector's middle half▲ 54.1%-€214,493below the sector's middle half▼ 196%-€277,329below the sector's middle half▼ 29.3%-€734,575below the sector's middle half▼ 165%
Total assets€565,752within the sector's middle half▲ 112%€186,384below the sector's middle half▼ 67.1%€222,470below the sector's middle half▲ 19.4%€338,394below the sector's middle half▲ 52.1%€285,341below the sector's middle half▼ 15.7%
Debt€723,434▲ 45.3%€258,730▼ 64.2%€436,963▲ 68.9%€615,723▲ 40.9%€1.0m▲ 65.6%
Working capital-€108,337below the sector's middle half▲ 55.6%-€83,202below the sector's middle half▲ 23.2%-€224,113below the sector's middle half▼ 169%-€288,944below the sector's middle half▼ 28.9%-€751,840below the sector's middle half▼ 160%
Solvency-27.9%below the sector's middle half▲ 58.4pp-38.8%below the sector's middle half▼ 10.9pp-96.4%below the sector's middle half▼ 57.6pp-82.0%below the sector's middle half▲ 14.5pp-257.4%below the sector's middle half▼ 175.5pp
Current ratio0.84below the sector's middle half▲ 0.330.67below the sector's middle half▼ 0.160.48below the sector's middle half▼ 0.190.53below the sector's middle half▲ 0.040.26below the sector's middle half▼ 0.27
Return on assets (ROA)12.9%above the sector's middle half▲ 103.2pp45.8%above the sector's middle half▲ 32.9pp-63.9%below the sector's middle half▼ 109.7pp-18.6%below the sector's middle half▲ 45.3pp-160.2%below the sector's middle half▼ 141.7pp
Staff (FTE)4.2below the sector's middle half=4.9below the sector's middle half▲ 16.7%6.1below the sector's middle half▲ 24.5%6.6below the sector's middle half▲ 8.2%3.8below the sector's middle half▼ 42.4%
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €429,096 in 2025 against €30,545 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285,149
Fixed assets
€25,645 ▲ 57.2%
Current assets
€259,504 ▼ 19.3%
Key figures and ratios
EBITDA
-€424,759▼
2024 · -€29,279
Cash flow
-€452,909▼
2024 · -€61,569
Debt to equity
-1.39▲
2024 · -2.22
Interest coverage
-16.19▼
2024 · -0.99
Debt ≤ 1 year
€1.0m▲
2024 · €610,371
Income taxes
€772▼
2024 · €1,529
Staff costs
€426,366▼
2024 · €470,399
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €841,125 | €891,773 | €922,080 | €1.1m | €591,260 | ▼ 46.6% |
| Turnover70 | €831,449 | €881,933 | €824,902 | €908,896 | €433,932 | ▼ 52.3% |
| Other operating income74 | €9,677 | €9,840 | €97,179 | €197,536 | €157,328 | ▼ 20.4% |
| Operating charges60/66A | €757,909 | €798,031 | €1.1m | €1.1m | €1.0m | ▼ 10.3% |
| Services and other goods61 | €418,195 | €473,251 | €615,197 | €664,370 | €588,462 | ▼ 11.4% |
| Remuneration, social security and pensions62 | €335,217 | €319,211 | €430,497 | €470,399 | €426,366 | ▼ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,386 | €3,960 | €3,998 | €1,266 | €4,337 | ▲ 242% |
| Other operating charges640/8 | €1,110 | €1,609 | €918 | €941 | €1,191 | ▲ 26.5% |
| Operating profit (loss)9901 | €83,217 | €93,743 | -€128,530 | -€30,545 | -€429,096 | ▼ 1,305% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Income from current assets751 | - | - | - | - | €0 | - |
| Financial charges65/66B | €9,568 | €7,561 | €12,503 | €30,761 | €27,378 | ▼ 11.0% |
| Recurring financial charges65 | €9,568 | €7,561 | €12,503 | €30,761 | €27,378 | ▼ 11.0% |
| Debt charges650 | €8,160 | €6,484 | €11,342 | €29,553 | €26,231 | ▼ 11.2% |
| Other financial charges652/9 | €1,408 | €1,076 | €1,161 | €1,208 | €1,147 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €73,649 | €86,182 | -€141,033 | -€61,306 | -€456,474 | ▼ 645% |
| Income taxes67/77 | €749 | €846 | €1,115 | €1,529 | €772 | ▼ 49.5% |
| Taxes670/3 | €749 | €846 | €1,115 | €1,529 | €772 | ▼ 49.5% |
| Profit (loss) for the period9904 | €72,900 | €85,336 | -€142,148 | -€62,836 | -€457,246 | ▼ 628% |
| Profit (loss) for the period to be appropriated9905 | €72,900 | €85,336 | -€142,148 | -€62,836 | -€457,246 | ▼ 628% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €565,752 | €186,384 | €222,470 | €338,394 | €285,341 | ▼ 15.7% |
| Formation expenses20 | €2,050 | €1,585 | €1,121 | €657 | €192 | ▼ 70.7% |
| Fixed assets21/28 | €15,352 | €13,111 | €11,407 | €16,310 | €25,645 | ▲ 57.2% |
| Intangible fixed assets21 | €3,350 | €1,621 | €15 | €5,705 | €19,815 | ▲ 247% |
| Tangible fixed assets22/27 | €3,166 | €3,075 | €1,147 | €360 | - | - |
| Plant, machinery and equipment23 | €3,166 | €3,075 | €1,147 | €360 | - | - |
| Financial fixed assets28 | €8,836 | €8,415 | €10,245 | €10,245 | €5,830 | ▼ 43.1% |
| Other financial fixed assets284/8 | €8,836 | €8,415 | €10,245 | €10,245 | €5,830 | ▼ 43.1% |
| Amounts receivable and cash guarantees285/8 | €8,836 | €8,415 | €10,245 | €10,245 | €5,830 | ▼ 43.1% |
| Current assets29/58 | €548,351 | €171,688 | €209,942 | €321,427 | €259,504 | ▼ 19.3% |
| Amounts receivable within one year40/41 | €514,053 | €141,188 | €197,667 | €313,385 | €254,909 | ▼ 18.7% |
| Trade receivables40 | €498,767 | €111,923 | €190,014 | €294,191 | €207,532 | ▼ 29.5% |
| Other amounts receivable41 | €15,285 | €29,265 | €7,653 | €19,194 | €47,377 | ▲ 147% |
| Cash at bank and in hand54/58 | €34,238 | €27,209 | €6,811 | €6,417 | €4,494 | ▼ 30.0% |
| Deferred charges and accrued income490/1 | €60 | €3,291 | €5,464 | €1,625 | €101 | ▼ 93.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €565,752 | €186,384 | €222,470 | €338,394 | €285,341 | ▼ 15.7% |
| Equity10/15 | -€157,681 | -€72,346 | -€214,493 | -€277,329 | -€734,575 | ▼ 165% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €3,253 | €3,253 | €3,253 | €3,253 | €3,253 | = |
| Non-distributable reserves130/1 | €3,253 | €3,253 | €3,253 | €3,253 | €3,253 | = |
| Legal reserve130 | €3,253 | €3,253 | €3,253 | €3,253 | €3,253 | = |
| Profit (loss) carried forward14 | -€222,435 | -€137,099 | -€279,247 | -€342,082 | -€799,328 | ▼ 134% |
| Amounts payable17/49 | €723,434 | €258,730 | €436,963 | €615,723 | €1.0m | ▲ 65.6% |
| Amounts payable within one year42/48 | €656,687 | €254,890 | €434,055 | €610,371 | €1.0m | ▲ 65.7% |
| Trade debts44 | €96,827 | €124,639 | €130,332 | €121,940 | €60,756 | ▼ 50.2% |
| Suppliers440/4 | €96,827 | €124,639 | €130,332 | €121,940 | €60,756 | ▼ 50.2% |
| Taxes, remuneration and social security45 | €153,059 | €70,251 | €59,997 | €82,528 | €2,000 | ▼ 97.6% |
| Taxes450/3 | €89,878 | €29,955 | €18,011 | €41,414 | €772 | ▼ 98.1% |
| Remuneration and social security454/9 | €63,180 | €40,296 | €41,986 | €41,114 | €1,228 | ▼ 97.0% |
| Other amounts payable47/48 | €406,802 | €60,000 | €243,726 | €405,902 | €948,589 | ▲ 134% |
| Accrued charges and deferred income492/3 | €66,746 | €3,840 | €2,909 | €5,352 | €8,572 | ▲ 60.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,900 | €85,336 | -€142,148 | -€62,836 | -€457,246 | ▼ 628% |
| + Depreciation and write-downs630 | €3,386 | €3,960 | €3,998 | €1,266 | €4,337 | ▲ 242% |
| Operating cash flow (approximation) | €76,286 | €89,296 | -€138,149 | -€61,569 | -€452,909 | ▼ 636% |
| Investment in fixed assets (approximation) | - | -€1,719 | -€2,294 | -€6,169 | -€13,672 | ▼ 122% |
| Change in cash | - | -€7,030 | -€20,398 | -€393 | -€1,923 | ▼ 389% |
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 -€457,246
Net result drops to -€457,246, 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
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €85,336 ▲17.1%
Operating result €93,743, net result €85,336, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €72,900
Net result €72,900 after 2 loss-making years.
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
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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 · 2 establishment units since 2010
Ground area
8,971 m²
Building footprint
1,019 m²
Volume, LiDAR
29,191 m³
2 parcels, Brussels, Flanders · tallest building 35.8 m, ±10 floors. Linked by address, not a title deed.
22
companies at this address
See who is registered here
2 establishment units
iStorm IT & New Media Belgium Permanent
since 20102.190.816.264
iStorm IT & New Media Belgium Permanent
since 20192.303.839.179
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0042/00H002 | Brussels | 7,608 m² | 1 · 1,019 m² | 35.8 m · 10 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Part of the group
SEPARCO
15 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- SEPARCO
- SELECT HOLDING
- SELECT GROUP
- Select HR - PS Services
Highest known parent: SEPARCO. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of Select HR - PS Services 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
2023 to 2024 · 2 entries · 1,781 EUR awarded · 1,781 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,295 EUR | 1,295 EUR |
| 2023 | 1 | 486 EUR | 486 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
549300RIQL4S0RDIQ880
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 1,085 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
Founded26-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0828062373
Also
9925:BE0828062373
Registered
13-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.