SELECTA CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for SELECTA CONSTRUCT according to publications in the Belgian State Gazette; curator: CHARLES DE LA VALLEE POUSSIN. The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €280k and a net result of €122k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-08-2023, 25 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
25 d late
2021
5 d early
2020
23 d late
2019
117 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Equity
€280k▲ 77.4%
2021 · €158k
2018: €68k
2019: €88k
2020: €87k
2021: €158k
2018 → 2022
Total assets
€1.43M▲ 70.9%
2021 · €834k
2018: €338k
2019: €515k
2020: €542k
2021: €834k
2018 → 2022
Net result
€122k▲ 72.9%
2021 · €71k
2018: €26k
2019: €19k
2020: €-540
2021: €71k
2018 → 2022
Working capital
€248k▲ 57.4%
2021 · €158k
2018: €68k
2019: €88k
2020: €87k
2021: €158k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€68k-€88k▲ 27.9%€87k▼ 0.6%€158k▲ 81.0%€280k▲ 77.4%
Operating result€35k-€26k▼ 23.7%€3k▼ 88.2%€100k▲ 3,112%€158k▲ 57.8%
Net result€26k-€19k▼ 25.2%€-540€71k€122k▲ 72.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 58% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.43M
Fixed assets
€32k
Current assets
€1.39M
Equity and liabilities €1.43M
Equity
€280k▲ 77.4%
Debt
€1.15M▲ 69.4%
The debt ratio falls from 81.1% to 80.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€163k
Cash flow
€127k
Solvency
19.6%▲
2021 · 18.9%
Current ratio
1.22▼
2021 · 1.23
Quick ratio
1.22▼
2021 · 1.23
Debt / equity
4.10▼
2021 · 4.29
ROE
43.6%▼
2021 · 44.8%
ROA
8.6%▲
2021 · 8.5%
Interest coverage
33.91
Debt
€1.15M▲
2021 · €676k
Debt ≤ 1 year
€1.15M▲
2021 · €676k
Income taxes
€41k▲
2021 · €32k
Staff costs
€84k▲
2021 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€834k€1.43M▲
Fixed assets21/28-€32k
Tangible fixed assets22/27-€32k
Plant, machinery and equipment23-€32k
Current assets29/58€834k€1.39M▲
Amounts receivable within one year40/41€813k€1.37M▲
Trade receivables40€680k€1.20M▲
Other amounts receivable41€133k€169k▲
Cash at bank and in hand54/58€21k€29k▲
Equity and liabilities
Total equity and liabilities10/49€834k€1.43M▲
Equity10/15€158k€280k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€18k€18k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14€121k€243k▲
Amounts payable17/49€676k€1.15M▲
Amounts payable within one year42/48€676k€1.15M▲
Trade debts44€636k€1.03M▲
Suppliers440/4€636k€1.03M▲
Taxes, remuneration and social security45€40k€118k▲
Taxes450/3€32k€79k▲
Remuneration and social security454/9€9k€39k▲
Income statement
Code20212022
Remuneration, social security and pensions62€52k€84k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5k
Other operating charges640/8€11k€8k▼
Gross operating margin9900€164k€255k▲
Operating profit (loss)9901€100k€158k▲
Financial income75/76B€7k€10k▲
Recurring financial income75€7k€10k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€102k€163k▲
Income taxes67/77€32k€41k▲
Profit (loss) for the period9904€71k€122k▲
Profit (loss) for the period to be appropriated9905€71k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€121k€243k▲
Profit (loss) brought forward from the previous period14P€51k€121k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-05
KBO administration
Address struck
11-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL SELECTA CONSTRUCT RUE FRANCOIS DEGREEF 10, 1030 Schaerbeek · event 07-04-2025
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €122k ▲72.9%
Operating result €158k, net result €122k, both a record.
31-12
Financial
Equity above €200kEq €280k ▲77.4%
2 profitable years in a row build equity to €280k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €71k
Net result €71k after one loss-making year.
31-12
Financial
Equity above €150kEq €158k ▲81%
Equity rises from €87k to €158k.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €-540 ▼103%
Net result drops to €-540, the lowest in the series.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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.
Ground area
138 m²
Building footprint
77 m²
Volume, LiDAR
935 m³
Parcel 21910E0200/00S000, Brussels · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0200/00S000 | Brussels | 138 m² | 1 · 77 m² | 16.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLES DE LA VALLEE POUSSIN AVENUE
LOUISE 349, BTE 17, 1050 IXELLES |
07-04-2025 → present |
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,038. 11,177 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-05-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.