SELECT IMMO
ActiveSummary
SELECT IMMO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €894,240 and a net result of €59,207. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 1660 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 5.88 against 9.53 in 2024; short-term debt: 16.7% and cash: 57.8% of total assets), and 17.3% of the assets are financed with debt.
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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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.7%
Return on assets
5.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
3 d late
2019
26 d late
← 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 after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€59,207▲ 10.0%
2024 · €53,848
Working capital
€878,669▼ 11.1%
2024 · €988,218
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€182,874▲ 47.8%€640,013▲ 250%€15,650▼ 97.6%€24,975▲ 59.6%€100,198▲ 301%
Net result€134,984▲ 33.6%€458,914▲ 240%-€44,040€53,848€59,207▲ 10.0%
Equity€545,402▲ 32.9%€1.0m▲ 84.1%€960,276▼ 4.4%€1.0m▲ 5.6%€894,240▼ 11.8%
Total assets€664,672▲ 3.0%€1.1m▲ 69.9%€1.1m▼ 5.4%€1.1m▲ 6.5%€1.1m▼ 4.9%
Debt€119,269▼ 49.2%€124,959▲ 4.8%€107,584▼ 13.9%€123,239▲ 14.6%€187,419▲ 52.1%
Working capital€503,353▲ 58.6%€982,730▲ 95.2%€930,787▼ 5.3%€988,218▲ 6.2%€878,669▼ 11.1%
Staff (FTE)54.7▼ 6.0%4.9▲ 4.3%
Why a figure moved sharply
- 2022 Net result +240%, Equity +84%, Total assets +70% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 301% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€22,875 ▼ 31.3%
Current assets
€1.1m ▼ 4.1%
Equity and liabilities €1.1m
Equity
€894,240 ▼ 11.8%
Debt
€187,419 ▲ 52.1%
Debt's share of the balance-sheet total rises from 10.8% to 17.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€110,538▲
2024 · €37,570
Cash flow
€69,548▲
2024 · €66,443
Current ratio
5.88▼
2024 · 9.53
Debt to equity
0.21▲
2024 · 0.12
ROE
6.6%▲
2024 · 5.3%
ROA
5.5%▲
2024 · 4.7%
Interest coverage
216.34▲
2024 · 69.34
Debt ≤ 1 year
€180,114▲
2024 · €115,856
Income taxes
€43,331▲
2024 · €27,741
Staff costs
€186,462▲
2024 · €165,527
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €120 | - | - | - |
| Remuneration, social security and pensions62 | €224,964 | €173,056 | €169,963 | €165,527 | €186,462 | ▲ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79,064 | €30,552 | €30,008 | €12,595 | €10,340 | ▼ 17.9% |
| Other operating charges640/8 | €951 | €686 | €1,307 | €1,040 | €1,774 | ▲ 70.6% |
| Gross operating margin9900 | €487,853 | €844,308 | €216,928 | €204,137 | €298,774 | ▲ 46.4% |
| Operating profit (loss)9901 | €182,874 | €640,013 | €15,650 | €24,975 | €100,198 | ▲ 301% |
| Financial income75/76B | €6 | €4 | €837 | €57,155 | €2,851 | ▼ 95.0% |
| Recurring financial income75 | €6 | €4 | €639 | €56,365 | €1,953 | ▼ 96.5% |
| Non-recurring financial income76B | - | - | €198 | €791 | €897 | ▲ 13.5% |
| Financial charges65/66B | €954 | €1,104 | €656 | €542 | €511 | ▼ 5.7% |
| Recurring financial charges65 | €954 | €1,104 | €656 | €542 | €511 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €181,926 | €638,914 | €15,832 | €81,589 | €102,538 | ▲ 25.7% |
| Income taxes67/77 | €46,941 | €180,000 | €59,872 | €27,741 | €43,331 | ▲ 56.2% |
| Profit (loss) for the period9904 | €134,984 | €458,914 | -€44,040 | €53,848 | €59,207 | ▲ 10.0% |
| Profit (loss) for the period to be appropriated9905 | €134,984 | €458,914 | -€44,040 | €53,848 | €59,207 | ▲ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €664,672 | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 4.9% |
| Fixed assets21/28 | €59,753 | €29,200 | €33,114 | €33,289 | €22,875 | ▼ 31.3% |
| Tangible fixed assets22/27 | €58,872 | €28,320 | €32,234 | €32,409 | €22,069 | ▼ 31.9% |
| Plant, machinery and equipment23 | €18,785 | €7,979 | €801 | €10,945 | €8,500 | ▼ 22.3% |
| Furniture and vehicles24 | €40,087 | €20,341 | €31,432 | €21,464 | €13,568 | ▼ 36.8% |
| Financial fixed assets28 | €880 | €880 | €880 | €880 | €807 | ▼ 8.4% |
| Current assets29/58 | €604,919 | €1.1m | €1.0m | €1.1m | €1.1m | ▼ 4.1% |
| Amounts receivable within one year40/41 | €130,633 | €517,785 | €623,821 | €559,934 | €433,436 | ▼ 22.6% |
| Trade receivables40 | €65,001 | €85,912 | €60,092 | €59,442 | €48,869 | ▼ 17.8% |
| Other amounts receivable41 | €65,631 | €431,873 | €563,729 | €500,492 | €384,567 | ▼ 23.2% |
| Cash at bank and in hand54/58 | €467,397 | €581,778 | €410,605 | €543,820 | €625,348 | ▲ 15.0% |
| Deferred charges and accrued income490/1 | €6,890 | €511 | €320 | €320 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €664,672 | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 4.9% |
| Equity10/15 | €545,402 | €1.0m | €960,276 | €1.0m | €894,240 | ▼ 11.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | €18,592 | - | - | - | - | - |
| Other1109/19 | €18,592 | - | - | - | - | - |
| Reserves13 | €489,561 | €948,475 | €948,475 | €948,475 | €769,384 | ▼ 18.9% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Distributable reserves133 | €462,702 | €921,615 | €921,615 | €921,615 | €742,525 | ▼ 19.4% |
| Profit (loss) carried forward14 | €37,249 | €37,249 | -€6,791 | €47,057 | €106,265 | ▲ 126% |
| Amounts payable17/49 | €119,269 | €124,959 | €107,584 | €123,239 | €187,419 | ▲ 52.1% |
| Amounts payable after more than one year17 | €17,703 | €7,614 | - | - | - | - |
| Financial debts170/4 | €17,703 | €7,614 | - | - | - | - |
| Amounts payable within one year42/48 | €101,566 | €117,345 | €103,959 | €115,856 | €180,114 | ▲ 55.5% |
| Current portion of amounts payable after more than one year42 | €65,471 | €10,089 | €7,614 | - | - | - |
| Financial debts43 | - | €2 | €2 | - | - | - |
| Credit institutions430/8 | - | €2 | €2 | - | - | - |
| Trade debts44 | €25,871 | €45,282 | €18,269 | €27,600 | €27,280 | ▼ 1.2% |
| Suppliers440/4 | €25,871 | €45,282 | €18,269 | €27,600 | €27,280 | ▼ 1.2% |
| Taxes, remuneration and social security45 | €8,195 | €59,942 | €75,185 | €67,451 | €130,630 | ▲ 93.7% |
| Taxes450/3 | €8,195 | €38,296 | €62,995 | €20,164 | €32,833 | ▲ 62.8% |
| Remuneration and social security454/9 | - | €21,646 | €12,190 | €47,288 | €97,798 | ▲ 107% |
| Other amounts payable47/48 | €2,029 | €2,029 | €2,889 | €20,804 | €22,204 | ▲ 6.7% |
| Accrued charges and deferred income492/3 | - | - | €3,624 | €7,383 | €7,304 | ▼ 1.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €134,984 | €458,914 | -€44,040 | €53,848 | €59,207 | ▲ 10.0% |
| + Depreciation and write-downs630 | €79,064 | €30,552 | €30,008 | €12,595 | €10,340 | ▼ 17.9% |
| Operating cash flow (approximation) | €214,048 | €489,466 | -€14,032 | €66,443 | €69,548 | ▲ 4.7% |
| Investment in fixed assets (approximation) | - | €0 | -€33,921 | -€12,770 | €74 | ▲ 101% |
| Change in cash | - | €114,382 | -€171,173 | €133,215 | €81,528 | ▼ 38.8% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €53,848
Net result €53,848 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.0m ▲5.6%
Equity rises from €960,276 to €1.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€44,040
Net result drops to -€44,040, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €458,914 ▲240%
Operating result €640,013, net result €458,914, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲84.1%
5 profitable years in a row build equity to €1.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 5.96
Current ratio from 2.61 to 5.96; short-term debt falls from €196,814 to €101,566.
31-12
Financial
Equity above €500,000Eq €545,402 ▲32.9%
4 profitable years in a row build equity to €545,402.
Show earlier events
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tubize · 2 establishment units since 1983
Ground area
3,769 m²
Building footprint
1,172 m²
Volume, LiDAR
18,653 m³
2 parcels, Wallonia · tallest building 22.2 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
SELECT IMMO
since 19832.038.357.604
SELECT IMMO
since 19922.038.357.703
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105B0401/00A003 | Wallonia | 3,469 m² | 1 · 1,090 m² | 22.2 m · 5 fl. |
| 55402F0438/00C000 | Wallonia | 300 m² | 1 · 82 m² | 11.9 m · 3 fl. |
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.
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,752. 1,666 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded07-02-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423711737
Also
9925:BE0423711737
Registered
02-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.