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Selected Land

Active
Private limited companyfounded 20224 yrs activeArnaud Fraiteurlaan 15-23, 1050 Elsene, BelgiumKBO/BCE: BE 0786.900.919
Summary

The computed 12-month bankruptcy probability of Selected Land is 1.6% (moderate). The 2025 annual accounts show negative equity (-€1.8m) and a net result of -€2.3m. Equity is shrinking by ~124.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 9341 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2023
Profitability8▼-20
Solvency16▼-12
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.33 against 1.59 in 2023; short-term debt: 75.2% and cash: 0% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-9.2%
Return on assets
-11.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
222325
2022 to 2025 · latest year -€1.8m
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 05-06-2026, 55 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
55 d early
2023
5 d early
2022
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 31 days before the deadline; the sector median for financial year 2023 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Selected Land was incorporated on 8 June 2022 as a Private limited company.1 Total assets rose from EUR 7.3 million in 2022 to EUR 19 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€1.8m
2023 · €482,572
Total assets
€19.4m▲ 1.9%
2023 · €19.0m
Net result
-€2.3m▼ 211%
2023 · -€730,552
Working capital
€4.8m▼ 32.4%
2023 · €7.0m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232025
Operating result-€25,517--€101,849▼ 299%-€104,486-
Net result-€31,224below the sector's middle half--€730,552below the sector's middle half▼ 2,240%-€2.3mbelow the sector's middle half-
Equity€18,776below the sector's middle half-€482,572within the sector's middle half▲ 2,470%-€1.8mbelow the sector's middle half-
Total assets€7.3mabove the sector's middle half-€19.0mabove the sector's middle half▲ 160%€19.4mabove the sector's middle half-
Debt€7.3m-€18.5m▲ 154%€21.2m-
Working capital€18,776within the sector's middle half-€7.0mabove the sector's middle half▲ 37,448%€4.8mabove the sector's middle half-
Solvency0.3%below the sector's middle half-2.5%below the sector's middle half▲ 2.3pp-9.2%below the sector's middle half-
Current ratio1.00within the sector's middle half-1.59within the sector's middle half▲ 0.591.33within the sector's middle half-
Return on assets (ROA)-0.4%within the sector's middle half--3.8%below the sector's middle half▼ 3.4pp-11.7%below the sector's middle half-
Staff (FTE)0within the sector's middle half
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€3.0m-€2.0m-€1.0m€0Operating result 2022: -€25,517-€25,517Net result 2022: -€31,224-€31,224Operating result 2023: -€101,849-€101,849Net result 2023: -€730,552-€730,552Operating result 2025: -€104,486-€104,486Net result 2025: -€2.3m-€2.3m202220232025-€3m-€2m-€1m€0Operating result 2022: -€25,517-€25,500Net result 2022: -€31,224-€31,200Operating result 2023: -€101,849-€102,000Net result 2023: -€730,552-€731,000Operating result 2025: -€104,486-€104,000Net result 2025: -€2.3m-€2.3m202220232025
The operating result is -€104,486 in 2025, compared with -€101,849 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €19.4m
Fixed assets €40,000 =
Current assets €19.3m ▲ 2.0%
Key figures and ratios
2025 value · change against 2023
Quick ratio
0.17▲
2023 · 0.13
Debt to equity
-11.84▼
2023 · 38.40
Debt ≤ 1 year
€14.6m▲
2023 · €11.9m
Debt > 1 year
€6.2m▼
2023 · €6.4m
Income taxes
€1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 252 companies that looked in July 2024 the way this one looks now, 7.1% went bankrupt within 24 months and 85% are still going.

  • Medium-sized
  • negative equity
  • a loss of 10% of the balance sheet or more
  • without age
7.1% went bankrupt
6.7% stopped otherwise
85% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 252 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
Filed annual accounts As filed with the NBB · 2025 against 2023 · 44 lines
Balance sheet Code20232025
Assets
Total assets20/58€19.0m€19.4m▲
Fixed assets21/28€40,000€40,000=
Financial fixed assets28€40,000€40,000=
Current assets29/58€19.0m€19.3m▲
Stocks and contracts in progress3€17.5m€16.8m▼
Stocks30/36€17.5m€16.8m▼
Amounts receivable within one year40/41€1.2m€1.9m▲
Trade receivables40€423,500€0▼
Other amounts receivable41€820,000€1.9m▲
Cash at bank and in hand54/58€50,585€3,927▼
Deferred charges and accrued income490/1€211,695€592,378▲
Equity and liabilities
Total equity and liabilities10/49€19.0m€19.4m▲
Equity10/15€482,572-€1.8m▼
Contributions10/11€50,000€50,000=
Revaluation surpluses12€1.2m€1.2m=
Profit (loss) carried forward14-€761,776-€3.0m▼
Amounts payable17/49€18.5m€21.2m▲
Amounts payable after more than one year17€6.4m€6.2m▼
Financial debts170/4€6.4m€6.2m▼
Amounts payable within one year42/48€11.9m€14.6m▲
Current portion of amounts payable after more than one year42€338€0▼
Financial debts43€11.3m€12.2m▲
Credit institutions430/8€10.9m€11.4m▲
Other loans439€386,618€717,618▲
Trade debts44€426,645€48,946▼
Suppliers440/4€426,645€48,946▼
Taxes, remuneration and social security45€390€0▼
Taxes450/3€390€0▼
Other amounts payable47/48€184,000€2.4m▲
Accrued charges and deferred income492/3€229,054€438,900▲
Income statement Code20232025
Other operating charges640/8€26,351€72,297▲
Gross operating margin9900-€75,499-€32,189▲
Operating profit (loss)9901-€101,849-€104,486▼
Financial income75/76B-€91,186
Recurring financial income75-€91,186
Financial charges65/66B€628,703€2.3m▲
Recurring financial charges65€628,703€2.3m▲
Profit (loss) for the period before taxes9903-€730,552-€2.3m▼
Income taxes67/77-€1
Profit (loss) for the period9904-€730,552-€2.3m▼
Profit (loss) for the period to be appropriated9905-€730,552-€2.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€761,776-€3.0m▼
Profit (loss) brought forward from the previous period14P-€31,224-€761,776▼
Social balance
Average headcount (FTE)90870.0-

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232025Change
Other operating charges640/8-€26,351€72,297-
Gross operating margin9900-€25,517-€75,499-€32,189-
Operating profit (loss)9901-€25,517-€101,849-€104,486-
Financial income75/76B--€91,186-
Recurring financial income75--€91,186-
Financial charges65/66B€5,707€628,703€2.3m-
Recurring financial charges65€5,707€628,703€2.3m-
Profit (loss) for the period before taxes9903-€31,224-€730,552-€2.3m-
Income taxes67/77--€1-
Profit (loss) for the period9904-€31,224-€730,552-€2.3m-
Profit (loss) for the period to be appropriated9905-€31,224-€730,552-€2.3m-
Line202220232025Change
Assets
Total assets20/58€7.3m€19.0m€19.4m-
Fixed assets21/28-€40,000€40,000-
Financial fixed assets28-€40,000€40,000-
Current assets29/58€7.3m€19.0m€19.3m-
Stocks and contracts in progress3€7.3m€17.5m€16.8m-
Stocks30/36€7.3m€17.5m€16.8m-
Amounts receivable within one year40/41-€1.2m€1.9m-
Trade receivables40-€423,500€0-
Other amounts receivable41-€820,000€1.9m-
Cash at bank and in hand54/58€29,606€50,585€3,927-
Deferred charges and accrued income490/1€121€211,695€592,378-
Equity and liabilities
Total equity and liabilities10/49€7.3m€19.0m€19.4m-
Equity10/15€18,776€482,572-€1.8m-
Contributions10/11€50,000€50,000€50,000-
Revaluation surpluses12-€1.2m€1.2m-
Profit (loss) carried forward14-€31,224-€761,776-€3.0m-
Amounts payable17/49€7.3m€18.5m€21.2m-
Amounts payable after more than one year17-€6.4m€6.2m-
Financial debts170/4-€6.4m€6.2m-
Amounts payable within one year42/48€7.3m€11.9m€14.6m-
Current portion of amounts payable after more than one year42-€338€0-
Financial debts43€4.9m€11.3m€12.2m-
Credit institutions430/8€4.9m€10.9m€11.4m-
Other loans439-€386,618€717,618-
Trade debts44€5,432€426,645€48,946-
Suppliers440/4€5,432€426,645€48,946-
Taxes, remuneration and social security45-€390€0-
Taxes450/3-€390€0-
Other amounts payable47/48€2.4m€184,000€2.4m-
Accrued charges and deferred income492/3-€229,054€438,900-
Line202220232025Change
Profit (loss) for the period9904-€31,224-€730,552-€2.3m-
Operating cash flow (approximation)-€31,224-€730,552-€2.3m-
Change in cash-€20,980--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
05-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-12
Financial Weakest financial yearnet -€2.3m
Net result drops to -€2.3m, the lowest in the series.
2024
26-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Equity above €200,000Eq €482,572 ▲2,470%
Equity rises from €18,776 to €482,572.
28-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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
Registered office, Elsene · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
7,406 m²
Building footprint
1,655 m²
Volume, LiDAR
29,823 m³
Parcel 21446F0030/00A000, Brussels · tallest building 28.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SELECTED LAND
Arnaud Fraiteurlaan 15-23, 1050 ElseneReal estate activities
since 20222.335.750.694
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21446F0030/00A000 Brussels 7,406 m² 1 · 1,655 m² 28.5 m · 6 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Solid Property Fund S.C.S.p.SICAV-RAIFLU 100%
  2. Selected Land

Highest known parent: Solid Property Fund S.C.S.p.SICAV-RAIF (Luxembourg). The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2023 list no holdings, and no other source names one.

According to the 2023 annual accounts of Selected Land and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 588 companies in sector 68204 we hold annual accounts for 318. 237 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded08-06-2022
Fiscal year end30-12
Activities, NACEBEL 2025
68204Real estate activities
Contact
E-mail vdpbart@abric.be
Phone 0475799359
E-invoicing
Reachable via Peppol
Peppol ID 0208:0786900919
Also 9925:BE0786900919
Registered 18-04-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.