Equity
€97,828 ▲ 9.7%
SELECT MAGIC has made a profit without a break since 2023.
SELECT MAGIC
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1988peak €72,418 (2006)
€28,808▼ 9.2%
lowest -€25,615 (2012)
€8,684▼ 26.6%
peak €126,026 (2011)
€97,828▲ 9.7%
€222,398▼ 11.4%
peak 0.5 FTE (2006)
-not published
Board2 names since 2021
1 directorJozef Denys
Documentsfilings and deeds
23-07-20268 days before the deadline
2025abbreviated format
Result from €11,833 to €8,684Cash from €2,619 to €1,122
Key points
from the 2025 annual accountsChecked score
83
Excellent
Financially stronger than 45% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.4 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026lowest value
03-2026: 0.3%● unchanged vs 02-2026lowest value
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
Liquidity: current ratio 1.11, cash €1,122, halved
lowers risk
Founded in 1987
Size: total assets €335,506
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 45% of them on solvency, 19% on liquidity, 55% on profitability and 60% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as SELECT MAGIC has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SELECT MAGIC itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,984 companies, not a prediction for SELECT MAGIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.11 (1.01 in 2024), below the usual 1.5. Short-term debt is 57.3% and cash 0.3% of total assets. 70.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €97,828
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
6 days early
2023
30 days late
2022
13 days early
2021
4 days early
2020
1 day early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Els Zwaenepoel 10 sharesdeed of 19-01-2024
- Jozef Denys 390 sharesdeed of 19-01-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0431757292
Reappointment: Jozef Denys (director)
Appointment: Els Zwaenepoel (successor director) · “SPECIFIEKE ACTIVITEITEN; ALGEMENE ACTIVITEITEN; BIJZONDERE BEPALINGEN; De vennootschap mag alle verrichtingen…” (deed in Dutch) · Legal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company · Gazette deed
First establishment
Pilkemseweg 139A, Ypres
Incorporation
published on 16-09-1987 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SELECT MAGIC Ypres | €335,506 | €28,808 | 29.2% | - |
| BUP Kortrijk | €354,403 | €34,094 | 44.8% | - |
| ELFLOR Hooglede | €276,516 | €29,391 | 51.7% | - |
| De Beir Kortrijk | €367,987 | €25,266 | 33.4% | - |
| THOMA OKAZE - BOG ART MUSIC Asse | €341,693 | €24,105 | 10.3% | - |
| VDR GROEP Roeselare | €336,198 | €41,828 | 30.7% | - |
| DOMINO DECOR Wavre | €380,956 | €35,032 | 78.8% | 0.5 |
These companies have the same main activity as SELECT MAGIC: other retail sale of new goods (NACE 47789). They are comparable in size and age: total assets between €277,000 and €381,000, founded between 1977 and 1992.
Official details
Source: KBO- Status
- Active since 19-08-1987Normal situation
- Activity
- Other retail sale of new goodsNACE 47789and 2 others
- Establishment unit
- 2.030.095.4798904 Ypres, since 02-09-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Annual accounts 2025
- €335,506▼ 6.1%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on SELECT MAGIC
SELECT MAGIC files the abbreviated format. That format states no turnover. The gross margin fell from €72,418 in 2006 to €28,808 in 2025.
The balance sheet grew most in 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SELECT MAGIC
- What is the company number of SELECT MAGIC?
- The company number of SELECT MAGIC is 0431.757.292. The VAT number is the same number with BE in front: BE 0431.757.292.
- Where is SELECT MAGIC based?
- The registered office is at Pilkemseweg 139, 8904 Ypres.Company details
- What does SELECT MAGIC do?
- According to the KBO register, the main activity is other retail sale of new goods (NACE 47789).
- What is the legal form of SELECT MAGIC?
- SELECT MAGIC is a private limited company (BV).
- When was SELECT MAGIC founded?
- SELECT MAGIC was founded on 19-08-1987.
- Is SELECT MAGIC still active?
- Yes, SELECT MAGIC is an active enterprise in the KBO register.
- What is the turnover of SELECT MAGIC?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €28,808 and 72 comparable companies (NACE 477). It probably lies between €73,000 and €250,000.Financials
- Is SELECT MAGIC profitable?
- In financial year 2025, SELECT MAGIC made a profit of €8,684.
- Where can I find the annual accounts of SELECT MAGIC?
- SELECT MAGIC filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SELECT MAGIC due?
- SELECT MAGIC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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