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SELECT LUXURY SERVICES

Active
Private limited company·Wassen en poetsen van motorvoertuigen· 7 yrs active
Negende Linielaan 40 ·1000 Brussel, Belgium
KBO/BCE: BE 0730.619.539
Watch Print / PDF
Age7 yrs
Real estate1 parcel · 3,808 m²

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for SELECT LUXURY SERVICES (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €16k and a net result of €22k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 21-07-2023, 10 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 21-07-2023 10 d early 2023-00257856
31-12-2021 31-07-2022 27-02-2023 211 d late 2023-00031786
31-12-2020 31-07-2021 27-02-2023 576 d late 2023-00031785

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

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.

Financials

Turnover€3k
EBIT margin-448.5%
Net result€22k
Working capital€11k

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 21-07-2023 with the NBB · fiscal year 2022 · micro
€-20k€-10k€0€10k€20kRevenue 2020: €3k€3kOperating result 2020: €-12k€-12kNet result 2020: €-12k€-12kOperating result 2021: €-13k€-13kNet result 2021: €-14k€-14kOperating result 2022: €24k€24kNet result 2022: €22k€22k202020212022
RevenueOperating resultNet result
Sector comparison
Fiscal year 2022 · NACE 95 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 35.1% 24.6%
better than 61% of 546 sector peers
Net result €22k €4k
better than 78% of 546 sector peers
Equity €16k €17k
better than 50% of 547 sector peers
Gross operating margin €27k €25k
better than 53% of 545 sector peers
Total assets €47k €72k
better than 39% of 546 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P61
2020: P63 · n=1732021: P10 · n=3112022: P61 · n=5462020 2022
Stable position over 2020-2022 · n=173-546
Net result P78
2020: P12 · n=1712021: P16 · n=3122022: P78 · n=5462020 2022
Improving position over 2020-2022 · n=171-546
Equity P50
2020: P31 · n=1732021: P17 · n=3132022: P50 · n=5472020 2022
Improving position over 2020-2022 · n=173-547
Gross operating margin P53
2020: P7 · n=1702021: P5 · n=3112022: P53 · n=5452020 2022
Improving position over 2020-2022 · n=170-545
Describes the position versus peers, not a forecast.
Revenue
€3k
- 20-22
EBITDA
€27k
- 20-22
Net profit
€22k
- 20-22
Cash flow
€25k
- 20-22
Total assets
€47k
+673.7% 20-22
Equity
€16k
- 20-22
Working capital
€11k
- 20-22
Income taxes
€2k
+1813.4% 20-22
Debt
€30k
+156.5% 20-22
Debt ≤ 1y
€30k
+156.5% 20-22
Current ratio
1.36
+165.7% 20-22
Quick ratio
1.36
+165.7% 20-22
Solvency
35.1%
- 20-22
Debt / equity
1.85
- 20-22
ROE
135.2%
-42.8% 20-22
ROA
47.5%
- 20-22
Net margin
-455.0%
- 20-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€27k
Net profit€22k
Cash flow€25k
Staff costs-
Income taxes€2k
Dividends-
Total assets€47k
Equity€16k
Debt€30k
of which ≤ 1y€30k
of which > 1y-
Working capital€11k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.36
Quick ratio1.36
Working capital ratio23.2%
Solvency35.1%
Debt / equity1.85
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA47.5%
ROE135.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€47k
Fixed assets 21/28€6k
Tangible fixed assets 22/27€6k
Current assets 29/58€41k
Amounts receivable within one year 40/41€41k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€47k
Equity 10/15€16k
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€-4k
Amounts payable 17/49€30k
Amounts payable within one year 42/48€30k
Trade debts payable within one year 44€11k
Income statement
Gross operating margin 9900€27k
Operating result 9901€24k
Financial income 75€0
Result before taxes 9903€24k
Income taxes 67/77€2k
Net result for the period 9904€22k
Result to be appropriated 9905€22k
You are seeing the latest fiscal year only. 2 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
21 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and the legal situation the KBO register itself records. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Negende Linielaan 401000 Brussel

Establishment units

1 location
MH Connect
Negende Linielaan 40, 1000 BrusselWassen en poetsen van motorvoertuigen
since 20192.313.043.093
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,808 m²
Buildings1
Building footprint3,794 m²
Volume (LiDAR)58,661 m³
Tallest building27.9 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21812N1454/00W010
ProtectedMonumentHallen der VoortbrengersSource ↗
 Brussels 3,808 m² 1 · 3,794 m² 27.9 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health21Profitability100Solvency63Growth78Stability0
52 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 21
Profitability 100
Solvency 63
Growth 78
Stability 0

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 232 of the 3,200 companies in this sector. 197 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Wassen en poetsen van motorvoertuigen45206Wassen en poetsen van motorvoertuigen95316Andere reinigingsactiviteiten81230Andere reinigingsactiviteiten81290
Primary activity highlighted.
Names & trade names
Legal nameFR SELECT LUXURY SERVICES
AbbreviationFR S.L.S.
Registered office
Negende Linielaan 40 bus 2.3
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.