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SELECT STYLE

Active
Private limited companyfounded 1992active for 34 yearsDreef ter Panne 1A, 8000 Brugge, BelgiumKBO/BCE: BE 0448.560.266
Summary

SELECT STYLE has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €629,934 and a net result of €204,029. Equity has been growing by about 49% per year since 2018. Its solvency ranks better than 72% of 285 sector peers (NACE 31, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 29-10-1992 Normal situation
Activity
Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004and 4 others
Joint committees
201 Paritair Comité voor de zelfstandige kleinhandel
100 Aanvullend Paritair Comité voor de werklieden · annual accounts 2025
Establishment units
2.059.629.308 8000 Brugge, since 25-11-1992
2.388.883.138 8000 Brugge, since 12-05-2026
Financial year end
31 December
Peppol
Reachable since 30-10-2024

Board and ownership

Board
  • Vanhulle SteveDirector · since 10-11-1992
Shareholders
  • Maureen Lebacqannual accounts 2016
  • Steve Vanhulleannual accounts 2016

Financial position

98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€439,910
▲ 29.3%
Turnover
≈ €1.0m
estimated
Profit
€204,029
▲ 54.7%
Equity
€629,934
▲ 41.8%
Total assets
€1.0m
▲ 15.7%
Employees on 31-12-2025
2
=
Score breakdownraises riskSector: Manufacture of furniture (NACE 31)lowers riskLiquidity: current ratio 5.96, cash €393,049Equity €629,934 (60.9% of total assets)Founded in 1992Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 84% of micro companies in furniture (NACE 31)
Financial strength · tick: 2024
Strong
Solvency 86+11
equity 60.9% of total assets
Liquidity 97+26
short-term debt 9.6% · cash 38.0%
Profitability 93+9
return on assets 19.7%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (830 companies, NACE 31, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.1%▼ -0.1 percentage points vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.96 (3.27 in 2024), above the usual 1.5. Short-term debt is 9.6% and cash 38% of total assets. 39.1% of the assets are financed with debt and provisions.
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 31, micro). It does better than 70% of them on solvency, 94% on liquidity, 87% on profitability and 84% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 5.96, cash €393,049
NBB · annual accounts
lowers risk · Equity €629,934 (60.9% of total assets)
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Manufacture of furniture (NACE 31)
KBO
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 days early
2024
17 days early
2023
58 days early
2022
6 days early
2021
32 days early
2020
26 days early
2019
32 days early
← 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 32 days before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% 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 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 09-06-2026 PDF all 33 filings

Turnover
≈ €1.0m
Estimated: probably between €620,000 and €1.8m
Total assets
€1.0m▲ 15.7%
2024 · €894,501
Net result
€204,029▲ 54.7%
2024 · €131,860
Working capital
€492,431▲ 63.9%
2024 · €300,382
Multi-year overview
2018 to 2025, 8 financial years
Operating result
€331,233
▲ 39.5% 2025
20182025
Net result
€204,029
▲ 54.7% 2025
highest quarter of the sector
20182025
Equity
€629,934
▲ 41.8% 2025
middle half of the sector
20182025
Total assets
€1.0m
▲ 15.7% 2025
middle half of the sector
20182025
Debt
€404,847
▼ 10.1% 2025
20182025
Working capital
€492,431
▲ 63.9% 2025
highest quarter of the sector
20182025
Solvency
60.9%
▲ 11.2pp 2025
middle half of the sector
20182025
Current ratio
5.96
▲ 2.69 2025
highest quarter of the sector
20182025
Return on assets (ROA)
19.7%
▲ 5.0pp 2025
highest quarter of the sector
20182025
Staff (FTE)
2
▼ 4.8% 2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.04m-€0.05m▲ 11.7%€0.06m▲ 29.4%€0.09m▲ 40.2%€0.2m▲ 94.2%€0.2m▲ 9.7%€0.2m▲ 28.0%€0.3m▲ 39.5%
Net result€0.02m-€0.02m▼ 23.5%€0.03mabove the sector's middle half▲ 73.2%€0.04mabove the sector's middle half▲ 19.2%€0.09mwithin the sector's middle half▲ 136%€0.1mwithin the sector's middle half▲ 6.9%€0.1mabove the sector's middle half▲ 38.0%€0.2mabove the sector's middle half▲ 54.7%
Equity€0.04m-€0.06m▲ 46.7%€0.09mwithin the sector's middle half▲ 55.2%€0.1mabove the sector's middle half▲ 42.4%€0.2mwithin the sector's middle half▲ 70.2%€0.3mwithin the sector's middle half▲ 44.1%€0.4mwithin the sector's middle half▲ 42.2%€0.6mwithin the sector's middle half▲ 41.8%
Total assets€0.1m-€0.09m▼ 18.6%€0.5mabove the sector's middle half▲ 540%€0.7mabove the sector's middle half▲ 26.2%€0.7mwithin the sector's middle half▲ 5.5%€0.8mwithin the sector's middle half▲ 13.3%€0.9mwithin the sector's middle half▲ 8.0%€1.0mwithin the sector's middle half▲ 15.7%
Debt€0.07m-€0.03m▼ 57.6%€0.5m▲ 16×€0.6m▲ 23.1%€0.5m▼ 9.1%€0.5m▲ 0.4%€0.5m▼ 12.7%€0.4m▼ 10.1%
Working capital€0.04m-€0.06m▲ 73.2%€0.09mabove the sector's middle half▲ 34.3%€0.09mabove the sector's middle half▲ 3.6%€0.2mwithin the sector's middle half▲ 68.6%€0.2mwithin the sector's middle half▲ 19.9%€0.3mwithin the sector's middle half▲ 65.4%€0.5mabove the sector's middle half▲ 63.9%
Solvency37.3%-67.3%▲ 30.0pp16.3%within the sector's middle half▼ 51.0pp18.4%within the sector's middle half▲ 2.1pp29.7%within the sector's middle half▲ 11.3pp37.7%within the sector's middle half▲ 8.0pp49.7%within the sector's middle half▲ 11.9pp60.9%within the sector's middle half▲ 11.2pp
Current ratio1.56-5.13▲ 3.573.99above the sector's middle half▼ 1.141.61within the sector's middle half▼ 2.382.17within the sector's middle half▲ 0.562.10within the sector's middle half▼ 0.063.27above the sector's middle half▲ 1.175.96above the sector's middle half▲ 2.69
Return on assets (ROA)22.8%-21.4%▼ 1.4pp5.8%within the sector's middle half▼ 15.6pp5.5%within the sector's middle half▼ 0.3pp12.2%above the sector's middle half▲ 6.8pp11.5%above the sector's middle half▼ 0.7pp14.7%above the sector's middle half▲ 3.2pp19.7%above the sector's middle half▲ 5.0pp
Staff (FTE)11.2below the sector's middle half▲ 20.0%2.2below the sector's middle half▲ 83.3%2.1below the sector's middle half▼ 4.5%2below the sector's middle half▼ 4.8%
above within below The sector band is the middle half of the companies in Manufacture of furniture (NACE 31). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 40% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets €443,150 ▼ 4.1%
Current assets €591,631 ▲ 36.8%
Equity and liabilities €1.0m
Equity €629,934 ▲ 41.8%
Debt €404,847 ▼ 10.1%
Debt's share of the balance-sheet total falls from 50.3% to 39.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€352,575▲
2024 · €258,722
Cash flow
€225,372▲
2024 · €153,223
Quick ratio
4.28▲
2024 · 1.46
Debt to equity
0.64▼
2024 · 1.01
ROE
32.4%▲
2024 · 29.7%
Interest coverage
9.82▲
2024 · 5.64
Debt ≤ 1 year
€99,201▼
2024 · €132,221
Debt > 1 year
€288,263▼
2024 · €317,939
Income taxes
€92,790▲
2024 · €60,690
Staff costs
€83,208▲
2024 · €77,664
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date12222
full-time----0
part-time12222
in full-time equivalents0.91.71.81.81.8
Average over the year, in full-time equivalents0.81.22.22.12
On a permanent contract12222
Joined1171179289
Left0161179289

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€32,045€7,889€44,446€1,369€2,594
Financial fixed assets--€2,925-€0
Depreciation and write-downs of the year€10,690€12,614€14,890€21,363€21,343

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.9m€1.0m▲
Fixed assets21/28€0.5m€0.4m▼
Tangible fixed assets22/27€0.5m€0.4m▼
Land and buildings22€0.4m€0.4m▼
Plant, machinery and equipment23€0.002m€94▼
Furniture and vehicles24€0.03m€0.02m▼
Financial fixed assets28€0.003m€0.003m=
Current assets29/58€0.4m€0.6m▲
Stocks and contracts in progress3€0.2m€0.2m▼
Stocks30/36€0.2m€0.2m▼
Amounts receivable within one year40/41€0.02m€0.03m▲
Trade receivables40€0.004m€0.02m▲
Other amounts receivable41€0.02m€0.01m▼
Cash at bank and in hand54/58€0.2m€0.4m▲
Deferred charges and accrued income490/1-€0.001m
Equity and liabilities
Total equity and liabilities10/49€0.9m€1.0m▲
Equity10/15€0.4m€0.6m▲
Contributions10/11€0.006m€0.006m=
Reserves13€0.4m€0.6m▲
Distributable reserves133€0.4m€0.6m▲
Profit (loss) carried forward14€360€29▼
Amounts payable17/49€0.5m€0.4m▼
Amounts payable after more than one year17€0.3m€0.3m▼
Financial debts170/4€0.3m€0.3m▼
Amounts payable within one year42/48€0.1m€0.1m▼
Current portion of amounts payable after more than one year42€0.03m€0.03m▼
Trade debts44€0.03m€0.02m▼
Suppliers440/4€0.03m€0.02m▼
Taxes, remuneration and social security45€0.06m€0.05m▼
Taxes450/3€0.06m€0.05m▼
Remuneration and social security454/9€0.005m€0.006m▲
Other amounts payable47/48€0.003m€0.001m▼
Accrued charges and deferred income492/3€186€0.02m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.08m€0.08m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.02m▼
Other operating charges640/8€0.004m€0.004m▲
Gross operating margin9900€0.3m€0.4m▲
Operating profit (loss)9901€0.2m€0.3m▲
Financial income75/76B€0.001m€0.001m▲
Recurring financial income75€0.001m€0.001m▲
Financial charges65/66B€0.05m€0.04m▼
Recurring financial charges65€0.05m€0.04m▼
Profit (loss) for the period before taxes9903€0.2m€0.3m▲
Income taxes67/77€0.06m€0.09m▲
Profit (loss) for the period9904€0.1m€0.2m▲
Profit (loss) for the period to be appropriated9905€0.1m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.2m▲
Profit (loss) brought forward from the previous period14P€0.001m€360▼
Transfer from equity791/2-€0.02m
Transfer to equity691/2€0.1m€0.2m▲
To other reserves6921€0.1m€0.2m▲
Profit to be distributed694/7-€0.02m
Return on contributions (dividend)694-€0.02m
Social balance sheet
Average headcount (FTE)90872.12.0▼

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 09-06-2026.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€17,694€39,124€73,606€77,664€83,208▲ 7.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€914€3,824€45,727€10,690€12,614€14,890€21,363€21,343▼ 0.1%
Other operating charges640/8---€734€2,925€3,324€3,905€4,127▲ 5.7%
Gross operating margin9900€44,817€53,083€111,638€116,156€223,687€277,294€340,291€439,910▲ 29.3%
Operating profit (loss)9901€42,958€47,980€62,064€87,037€169,024€185,474€237,359€331,233▲ 39.5%
Financial income75/76B---€1,562€1,902€320€1,059€1,475▲ 39.3%
Recurring financial income75€1,100€3,703€3,245€1,562€1,902€320€1,059€1,475▲ 39.3%
Financial charges65/66B---€35,173€43,212€49,717€45,868€35,889▼ 21.8%
Recurring financial charges65€20,033€27,148€22,776€35,173€43,212€49,717€45,868€35,889▼ 21.8%
Profit (loss) for the period before taxes9903€24,025€24,535€42,533€53,426€127,715€136,077€192,550€296,819▲ 54.2%
Income taxes67/77€30€6,177€10,727€15,501€38,342€40,555€60,690€92,790▲ 52.9%
Profit (loss) for the period9904€23,996€18,358€31,806€37,925€89,373€95,522€131,860€204,029▲ 54.7%
Profit (loss) for the period to be appropriated9905€23,996€18,358€31,806€37,925€89,373€95,522€131,860€204,029▲ 54.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.1m€0.09m€0.5m€0.7m€0.7m€0.8m€0.9m€1.0m▲ 15.7%
Fixed assets21/28€0.002m€0.006m€0.4m€0.5m€0.4m€0.5m€0.5m€0.4m▼ 4.1%
Tangible fixed assets22/27€0.002m€0.006m€0.4m€0.5m€0.4m€0.5m€0.5m€0.4m▼ 4.1%
Land and buildings22---€0.4m€0.4m€0.4m€0.4m€0.4m▼ 1.1%
Plant, machinery and equipment23---€0.001m€0.004m€0.004m€0.002m€94▼ 95.2%
Furniture and vehicles24---€0.03m€0.02m€0.05m€0.03m€0.02m▼ 35.6%
Financial fixed assets28-----€0.003m€0.003m€0.003m=
Current assets29/58€0.1m€0.08m€0.1m€0.2m€0.3m€0.3m€0.4m€0.6m▲ 36.8%
Stocks and contracts in progress3€0.03m€0.05m€0.03m€0.1m€0.2m€0.2m€0.2m€0.2m▼ 30.3%
Stocks30/36---€0.1m€0.2m€0.2m€0.2m€0.2m▼ 30.3%
Amounts receivable within one year40/41€0.04m€0.02m€0.006m€0.07m€0.02m€0.04m€0.02m€0.03m▲ 45.4%
Trade receivables40---€0.004m€0.007m€0.004m€0.004m€0.02m▲ 474%
Other amounts receivable41---€0.06m€0.01m€0.03m€0.02m€0.01m▼ 41.7%
Cash at bank and in hand54/58€0.03m€0.02m€0.07m€0.03m€0.05m€0.09m€0.2m€0.4m▲ 129%
Deferred charges and accrued income490/1---€0.001m€0.006m€427-€0.001m-
Equity and liabilities
Total equity and liabilities10/49€0.1m€0.09m€0.5m€0.7m€0.7m€0.8m€0.9m€1.0m▲ 15.7%
Equity10/15€0.04m€0.06m€0.09m€0.1m€0.2m€0.3m€0.4m€0.6m▲ 41.8%
Contributions10/11€0.006m€0.006m-€0.006m€0.006m€0.006m€0.006m€0.006m=
Reserves13€0.002m€0.02m€0.08m€0.1m€0.2m€0.3m€0.4m€0.6m▲ 42.5%
Non-distributable reserves130/1---€0.002m-----
Reserves not available under the articles1311---€0.002m-----
Distributable reserves133---€0.1m€0.2m€0.3m€0.4m€0.6m▲ 42.5%
Profit (loss) carried forward14€0.03m€0.03m€6€25€23€0.001m€360€29▼ 92.0%
Amounts payable17/49€0.07m€0.03m€0.5m€0.6m€0.5m€0.5m€0.5m€0.4m▼ 10.1%
Amounts payable after more than one year17--€0.4m€0.4m€0.4m€0.4m€0.3m€0.3m▼ 9.3%
Financial debts170/4---€0.4m€0.4m€0.4m€0.3m€0.3m▼ 9.3%
Amounts payable within one year42/48€0.07m€0.02m€0.03m€0.1m€0.1m€0.2m€0.1m€0.1m▼ 25.0%
Current portion of amounts payable after more than one year42---€0.03m€0.04m€0.05m€0.03m€0.03m▼ 10.8%
Trade debts44€0.02m€0.01m€0.008m€0.02m€0.01m€0.04m€0.03m€0.02m▼ 44.2%
Suppliers440/4---€0.02m€0.01m€0.04m€0.03m€0.02m▼ 44.2%
Taxes, remuneration and social security45---€0.08m€0.07m€0.07m€0.06m€0.05m▼ 21.0%
Taxes450/3---€0.08m€0.07m€0.07m€0.06m€0.05m▼ 23.7%
Remuneration and social security454/9---€0.002m€0.005m€0.009m€0.005m€0.006m▲ 8.6%
Other amounts payable47/48---€0.01m€0.007m€0.004m€0.003m€0.001m▼ 65.4%
Accrued charges and deferred income492/3------€186€0.02m▲ 94×
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€23,996€18,358€31,806€37,925€89,373€95,522€131,860€204,029▲ 54.7%
+ Depreciation and write-downs630€914€3,824€45,727€10,690€12,614€14,890€21,363€21,343▼ 0.1%
Operating cash flow (approximation)€24,909€22,183€77,532€48,615€101,986€110,412€153,223€225,372▲ 47.1%
Investment in fixed assets (approximation)--€7,277-€473,000-€32,045-€7,889-€47,371-€1,369-€2,594▼ 89.4%
Change in cash--€12,718€57,556-€46,134€20,019€43,764€79,185€221,368▲ 180%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 31,368 companies had the same profile as SELECT STYLE has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
93.5% was still going
5.9% stopped otherwise
0.5% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SELECT STYLE itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for SELECT STYLE. 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.

Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 09-06-2026 2026-00149114 PDF
31-12-2024 abbreviated format 14-07-2025 2025-00263558 PDF
31-12-2023 abbreviated format 03-06-2024 2024-00105698 PDF
31-12-2022 abbreviated format 25-07-2023 2023-00266007 PDF
31-12-2021 micro format 29-06-2022 2022-20105898 PDF
31-12-2020 micro format 05-07-2021 2021-30100010 PDF
31-12-2019 micro format 29-06-2020 2020-21500021 PDF
31-12-2018 micro format 23-07-2019 2019-36300224 PDF
31-12-2017 micro format 24-07-2018 2018-37800403 PDF
31-12-2016 micro format 27-06-2017 2017-22400214 PDF

Show all 33 filings

Board & ownership

Directors

Directors
1 director
Vanhulle Steve
Director · since 10-11-1992 · listed in the 2025 annual accounts, filed on 09-06-2026
Current

Owners and capital

Shareholders

2 owners

Owners 2

Capital transactions

Capital over time
  1. 25-07-2022 Converted to unavailable equity

Network & group

Connections & network

1 current director
Depth

The network starts from the directors of SELECT STYLE. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
09-06
NBB filing Annual accounts 2025 filedPDF
abbreviated format · 52 days before the deadline
2025
31-12
Financial Highest result from 2018 to 2025net €204,029 ▲54.7%
The operating result of €331,233 and the net result of €204,029 are both a record.
31-12
Financial Equity above €500,000equity €629,934 ▲41.8%
With a profit in every financial year since 2018, equity grows to €629,934.
14-07
NBB filing Annual accounts 2024 filedPDF
abbreviated format · 17 days before the deadline
2024
03-06
NBB filing Annual accounts 2023 filedPDF
abbreviated format · 58 days before the deadline
2023
25-07
NBB filing Annual accounts 2022 filedPDF
abbreviated format · 6 days before the deadline
2022
31-12
Financial Equity above €200,000equity €216,773 ▲70.2%
With a profit in every financial year since 2018, equity grows to €216,773.
25-07
Gazette deed Legal-form change · Resignations & appointments
Capital conversion · Amendment of the articles5 points ▸
  • General meeting, 20-07-2022
  • Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm BV, besloten vennootschap (afgekort BV)” (deed in Dutch)
  • Capital conversion, “statutair onbeschikbare eigen vermogens-rekening” (deed in Dutch)
  • Other provision, “vrijstelling aandeelhouders van volstortingsplicht niet-opgevraagde inbrengen, vennootschap beschikt over voldoende liquide middelen” (deed in Dutch)
  • Amendment of the articles, mentioned 2 times in the deed

Open the act in the Belgian Official Gazette

29-06
NBB filing Annual accounts 2021 filedPDF
micro format · 32 days before the deadline
2021
31-12
Financial Equity above €100,000equity €127,400 ▲42.4%
With a profit in every financial year since 2018, equity grows to €127,400.
05-07
NBB filing Annual accounts 2020 filedPDF
micro format · 26 days before the deadline
2020
29-06
NBB filing Annual accounts 2019 filedPDF
micro format · 32 days before the deadline
Show earlier events
2019
31-12
Financial Liquidity more than triplescurrent ratio 5.13
The current ratio rises from 1.56 to 5.13. Short-term debt falls from €65,981 to €15,616.
23-07
NBB filing Annual accounts 2018 filedPDF
micro format · 8 days before the deadline
2018
24-07
NBB filing Annual accounts 2017 filedPDF
micro format · 7 days before the deadline
2017
27-06
NBB filing Annual accounts 2016 filedPDF
micro format · 34 days before the deadline
1992
21-11
Gazette deed Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

SELECT STYLE was incorporated on 29 October 1992.1 Total assets rose from €105,292 in 2018 to €1.0m in 2025 and headcount from 1 full-time equivalents in 2021 to 2 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2021 and 2025

Company details

Register details

Identity

KBO record
Name SELECT STYLE in Dutch
Enterprise number 0448.560.266
Legal form Private limited company
Status Active, normale toestand
Founded 29-10-1992
Entity type Legal entity

Registered office and establishments

Registered office Dreef ter Panne 1A, 8000 Brugge, Belgium
Establishment units SELECT STYLE, Dreef ter Panne 1 A, 8000 Brugge since 25-11-1992 · unit number 2.059.629.3081310007 Manufacture of textiles
Dreef ter Panne 10, 8000 Brugge since 12-05-2026 · unit number 2.388.883.13847529 Retail trade

Activities

NACEBEL 2025
VAT activities
31004 Manufacture of dining room, living room, bedroom and bathroom furniture main activity
43333 Wallpapering and laying of floor and wall coverings in other materials
47552 Retail sale of lighting equipment
95311 General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Social security (RSZ) activities
47120 Other non-specialised retail sale main activity
Codes under NACEBEL 2008
VAT activities
31091 Manufacture of furniture main activity
43333 Wallpapering and laying of floor and wall coverings in other materials
45201
47592 Retail trade
Social security (RSZ) activities
47910 Retail trade main activity
Codes under NACEBEL 2003
36111 main activity
45433
50200
52442
Joint committees 201 Paritair Comité voor de zelfstandige kleinhandel
100 Aanvullend Paritair Comité voor de werklieden annual accounts 2025

Invoicing and payment

VAT number BE 0448.560.266
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0448560266
Other Peppol ID 9925:BE0448560266
Registered 30-10-2024

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0448.560.266

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Sites & property

Location
registered office establishment approximate All 2 establishment units on the map

Buildings and parcels at the addresses

Ground area
4,059 m²
Building footprint
782 m²
Building volume
3,916 m³
Tallest building: 7.9 m.
Cadastral parcel Region Area Buildings Height / floors
31807I0576/00B000 Flanders 2,822 m² 1 · 612 m² 7.2 m · 2
31807I0306/00S002 Flanders 1,237 m² 1 · 170 m² 7.9 m · 2