SELECTIEF
ActiveSummary
SELECTIEF has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133,009 and a net result of €10,553. Equity has been growing by about 7.3% per year since 2023. Its solvency ranks better than 67% of 8,583 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-10-2022 Normal situation
- Activity
- Advertising agencies NACE 73110
- Establishment unit
- 2.336.252.324 2243 Zandhoven, since 04-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €22,071
- ▲ 30.7%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €10,553
- ▲ 42.6%
- Equity
- €133,009
- ▲ 8.6%
- Total assets
- €187,275
- ▼ 0.3%
Score breakdownraises riskSize: total assets €187,275lowers riskLiquidity: current ratio 4.06, cash €37,052Sector: Advertising, market research and public relations activities (NACE 73)Equity €133,009 (71.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 73, micro). It does better than 69% of them on solvency, 59% on liquidity, 48% on profitability and 59% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 14 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 61% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €33,211 | €190 | - |
| Depreciation and write-downs of the year | €5,298 | €7,459 | €7,302 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €117 awarded · €117 paid| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,298 | €7,459 | €7,302 | ▼ 2.1% |
| Other operating charges640/8 | €549 | €679 | €681 | ▲ 0.2% |
| Gross operating margin9900 | €150,940 | €16,893 | €22,071 | ▲ 30.7% |
| Operating profit (loss)9901 | €145,093 | €8,754 | €14,088 | ▲ 60.9% |
| Financial income75/76B | - | €1 | €320 | ▲ 311× |
| Recurring financial income75 | - | €1 | €320 | ▲ 311× |
| Financial charges65/66B | €1,250 | €1,357 | €1,053 | ▼ 22.4% |
| Recurring financial charges65 | €1,250 | €1,357 | €1,053 | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €143,843 | €7,398 | €13,355 | ▲ 80.5% |
| Income taxes67/77 | €32,785 | - | €2,801 | - |
| Profit (loss) for the period9904 | €111,058 | €7,398 | €10,553 | ▲ 42.6% |
| Profit (loss) for the period to be appropriated9905 | €111,058 | €7,398 | €10,553 | ▲ 42.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €230,901 | €187,785 | €187,275 | ▼ 0.3% |
| Fixed assets21/28 | €27,913 | €20,643 | €13,341 | ▼ 35.4% |
| Tangible fixed assets22/27 | €27,913 | €20,643 | €13,341 | ▼ 35.4% |
| Furniture and vehicles24 | €3,676 | €1,894 | €79 | ▼ 95.8% |
| Leasing and similar rights25 | €24,237 | €18,749 | €13,262 | ▼ 29.3% |
| Current assets29/58 | €202,989 | €167,142 | €173,935 | ▲ 4.1% |
| Amounts receivable within one year40/41 | €106,427 | €118,075 | €136,883 | ▲ 15.9% |
| Trade receivables40 | €106,427 | €118,075 | €136,883 | ▲ 15.9% |
| Cash at bank and in hand54/58 | €96,562 | €49,067 | €37,052 | ▼ 24.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €230,901 | €187,785 | €187,275 | ▼ 0.3% |
| Equity10/15 | €115,058 | €122,456 | €133,009 | ▲ 8.6% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €111,058 | €118,456 | €129,009 | ▲ 8.9% |
| Non-distributable reserves130/1 | €400 | €400 | €400 | = |
| Reserves not available under the articles1311 | €400 | €400 | €400 | = |
| Distributable reserves133 | €110,658 | €118,056 | €128,609 | ▲ 8.9% |
| Amounts payable17/49 | €115,844 | €65,329 | €54,266 | ▼ 16.9% |
| Amounts payable after more than one year17 | €20,699 | €16,185 | €11,461 | ▼ 29.2% |
| Financial debts170/4 | €20,699 | €16,185 | €11,461 | ▼ 29.2% |
| Amounts payable within one year42/48 | €95,145 | €49,144 | €42,805 | ▼ 12.9% |
| Current portion of amounts payable after more than one year42 | €4,313 | €4,514 | €4,724 | ▲ 4.7% |
| Trade debts44 | €41,588 | €25,654 | €9,928 | ▼ 61.3% |
| Suppliers440/4 | €41,588 | €25,654 | €9,928 | ▼ 61.3% |
| Taxes, remuneration and social security45 | €48,860 | €18,976 | €28,153 | ▲ 48.4% |
| Taxes450/3 | €48,860 | €18,976 | €27,250 | ▲ 43.6% |
| Remuneration and social security454/9 | - | - | €903 | - |
| Other amounts payable47/48 | €384 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €111,058 | €7,398 | €10,553 | ▲ 42.6% |
| + Depreciation and write-downs630 | €5,298 | €7,459 | €7,302 | ▼ 2.1% |
| Operating cash flow (approximation) | €116,356 | €14,857 | €17,856 | ▲ 20.2% |
| Investment in fixed assets (approximation) | - | -€190 | €0 | - |
| Change in cash | - | -€47,494 | -€12,016 | ▲ 74.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as SELECTIEF has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of SELECTIEF itself is lower: 0.1% within 12 months. It rests on far more data about SELECTIEF than the profile alone.
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.
| 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 39,278 companies, not a prediction for SELECTIEF. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- STUYTS Christophe Marc Frederic 40 shares (100%)
Capital transactions
- 06-10-2022 Incorporation · €4,000 · 40 shares
Network & group
SELECTIEF shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of SELECTIEF. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-10
Gazette deed
IncorporationStarting capital €4,000 · Appointment: STUYTS Christophe Marc Frederic (director) · Founder4 points ▸
- Incorporation, 03-10-2022
- Founder, STUYTS Christophe Marc Frederic
- Founding capital, €4,000
- Director appointment, STUYTS Christophe Marc Frederic (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11034B0158/00R000 | Flanders | 615 m² | 1 · 442 m² | 12.5 m · 3 |