SELECTION cs
ActiveSummary
SELECTION cs has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,081 and a net result of -€16,060. Equity grew by about 8.1% per year on average since 2019. In 2025 it fell by 21.4%. Its solvency ranks better than 25% of 21,158 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-02-2007 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200and 1 other
- Establishment unit
- 2.163.490.077 1000 Brussels, since 04-07-2007
- Financial year end
- 1 July
- Peppol
- Reachable since 21-10-2025
Board and ownership
- AHADJI ABLAMDirector · since 15-02-2007
- AHADJI Ablam100 sharesdeed of 27-04-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- -€486
- Loss
- €16,060
- Equity
- €59,081
- ▼ 21.4%
- Total assets
- €223,644
- ▼ 9.7%
- 2025 accounts filed 29 days after the deadline
Score breakdownraises riskLast filed accounts filed 29 days late; 1 of the last 3 accounts lateLiquidity: current ratio 2.42, cash €4,285, halvedlowers riskSize: total assets €223,644Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 5 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 62, micro). It does better than 26% of them on solvency, 31% on liquidity, 13% on profitability and 24% on growth.
The bankruptcy probability was computed on 04-11-2026 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 01-07-2025.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 29 days after the deadline Filed on 2 March 2026, deadline 1 February 2026 (7 months after the close on 1 July 2025, Companies Code art. 3:10). Source: NBB, 2026-00046308.
Annual accounts 2025 filed on 02-03-2026 PDF all 18 filings
Every figure per financial year
The operating result for 2025 is a loss of €9,899, after a profit of €9,103 in 2024. It is the lowest result since 2019.
Turnover and EBIT margin are not published. The micro format does not require them.
Securities and guarantees
| Item | 01-07-2022 | 01-07-2023 | 01-07-2024 | 01-07-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | - | €50,000 | - | - |
| Carrying value of the mortgaged assets | - | €160,000 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 01-07-2022 | 01-07-2023 | 01-07-2024 | 01-07-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,818 | €172,976 | €1,654 | - |
| Depreciation and write-downs of the year | €761 | €11,615 | €6,602 | €6,658 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,669 | €1,411 | €1,104 | €761 | €11,615 | €6,602 | €6,658 | ▲ 0.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€5,836 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €11,159 | €3,545 | €1,733 | €2,755 | ▲ 59.0% |
| Gross operating margin9900 | €9,993 | €4,566 | €11,727 | €21,364 | €38,344 | €17,438 | -€486 | - |
| Operating profit (loss)9901 | €7,406 | €3,155 | €10,276 | €15,280 | €23,185 | €9,103 | -€9,899 | - |
| Financial income75/76B | - | - | - | €10 | €1,225 | €1,139 | €1,357 | ▲ 19.2% |
| Recurring financial income75 | €25 | - | €30 | €10 | €1,225 | €1,139 | €1,357 | ▲ 19.2% |
| Financial charges65/66B | - | - | - | €1,019 | €1,150 | €8,370 | €7,341 | ▼ 12.3% |
| Recurring financial charges65 | €1,418 | €528 | €472 | €1,019 | €1,150 | €8,370 | €7,341 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €6,014 | €2,627 | €9,833 | €14,270 | €23,260 | €1,871 | -€15,883 | - |
| Income taxes67/77 | €2,499 | - | €2,686 | €4,351 | €4,871 | €1,006 | €177 | ▼ 82.4% |
| Profit (loss) for the period9904 | €3,515 | €2,627 | €7,148 | €9,920 | €18,388 | €866 | -€16,060 | - |
| Profit (loss) for the period to be appropriated9905 | €3,515 | €2,627 | €7,148 | €9,920 | €18,388 | €866 | -€16,060 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €51,939 | €54,896 | €69,856 | €82,548 | €291,493 | €247,772 | €223,644 | ▼ 9.7% |
| Fixed assets21/28 | €1,398 | €5,048 | €3,944 | €5,001 | €166,363 | €161,414 | €154,756 | ▼ 4.1% |
| Tangible fixed assets22/27 | €1,398 | €5,048 | €3,944 | €5,001 | €166,363 | €161,414 | €154,756 | ▼ 4.1% |
| Land and buildings22 | - | - | - | - | €160,000 | €154,874 | €149,748 | ▼ 3.3% |
| Furniture and vehicles24 | - | - | - | - | €1,914 | €1,150 | €387 | ▼ 66.4% |
| Other tangible fixed assets26 | - | - | - | €5,001 | €4,449 | €5,389 | €4,621 | ▼ 14.3% |
| Current assets29/58 | €50,541 | €49,847 | €65,912 | €77,546 | €125,131 | €86,358 | €68,887 | ▼ 20.2% |
| Amounts receivable within one year40/41 | €48,008 | €34,304 | €39,482 | €63,079 | €106,186 | €59,315 | €64,208 | ▲ 8.3% |
| Trade receivables40 | - | - | - | €42,120 | €67,409 | €33,279 | €36,733 | ▲ 10.4% |
| Other amounts receivable41 | - | - | - | €20,959 | €38,777 | €26,035 | €27,475 | ▲ 5.5% |
| Cash at bank and in hand54/58 | €2,533 | €15,544 | €26,430 | €14,053 | €18,531 | €24,547 | €4,285 | ▼ 82.5% |
| Deferred charges and accrued income490/1 | - | - | - | €414 | €414 | €2,496 | €394 | ▼ 84.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €51,939 | €54,896 | €69,856 | €82,548 | €291,493 | €247,772 | €223,644 | ▼ 9.7% |
| Equity10/15 | €36,992 | €39,619 | €46,767 | €55,886 | €74,275 | €75,141 | €59,081 | ▼ 21.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Share premium1100/10 | - | - | - | - | - | €8,600 | €8,600 | = |
| Other1109/19 | - | - | - | - | €18,600 | €10,000 | €10,000 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €10,980 | €25,980 | €25,980 | €25,980 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €9,120 | €24,120 | €25,980 | €25,980 | = |
| Profit (loss) carried forward14 | €16,532 | €19,159 | €26,307 | €26,307 | €29,695 | €30,561 | €14,501 | ▼ 52.6% |
| Provisions and deferred taxes16 | €5,836 | €5,836 | €5,836 | - | - | - | - | - |
| Amounts payable17/49 | €9,112 | €9,441 | €17,253 | €26,661 | €217,219 | €172,631 | €164,563 | ▼ 4.7% |
| Amounts payable after more than one year17 | - | - | - | - | €160,000 | €144,382 | €136,049 | ▼ 5.8% |
| Financial debts170/4 | - | - | - | - | €160,000 | €144,382 | €136,049 | ▼ 5.8% |
| Amounts payable within one year42/48 | €9,112 | €9,441 | €17,253 | €26,564 | €57,219 | €27,672 | €28,514 | ▲ 3.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €8,634 | €9,014 | ▲ 4.4% |
| Financial debts43 | - | - | - | - | - | - | €5,406 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €5,406 | - |
| Trade debts44 | €5,017 | €9,341 | €11,016 | €14,410 | €42,301 | €13,775 | €6,530 | ▼ 52.6% |
| Suppliers440/4 | - | - | - | €14,410 | €42,301 | €13,775 | €6,530 | ▼ 52.6% |
| Taxes, remuneration and social security45 | - | - | - | €11,354 | €14,118 | €5,263 | €7,565 | ▲ 43.8% |
| Taxes450/3 | - | - | - | €11,354 | €12,118 | €3,263 | €5,565 | ▲ 70.6% |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | €2,000 | €2,000 | = |
| Other amounts payable47/48 | - | - | - | €800 | €800 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €98 | - | €576 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,515 | €2,627 | €7,148 | €9,920 | €18,388 | €866 | -€16,060 | - |
| + Depreciation and write-downs630 | €1,669 | €1,411 | €1,104 | €761 | €11,615 | €6,602 | €6,658 | ▲ 0.8% |
| Operating cash flow (approximation) | €5,184 | €4,038 | €8,252 | €10,681 | €30,003 | €7,468 | -€9,402 | - |
| Investment in fixed assets (approximation) | - | -€5,061 | €0 | -€1,818 | -€172,976 | -€1,654 | €0 | - |
| Change in cash | - | €13,011 | €10,886 | -€12,377 | €4,478 | €6,017 | -€20,263 | - |
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, 2,166 companies had the same profile as SELECTION cs has now. Two years later, 94.1% were still going and 2.5% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SELECTION cs itself is lower: 0.5% within 12 months. It rests on far more data about SELECTION cs 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 2,166 companies, not a prediction for SELECTION cs. 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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 01-07-2025 | micro format | 02-03-2026 | 2026-00046308 | |
| 01-07-2024 | micro format | 13-03-2025 | 2025-00047243 | |
| 01-07-2023 | micro format | 01-03-2024 | 2024-00037279 | |
| 01-07-2022 | micro format | 23-02-2023 | 2023-00030609 | |
| 01-07-2021 | micro format | 28-02-2022 | 2022-06700523 | |
| 01-07-2020 | micro format | 01-03-2021 | 2021-06500184 | |
| 01-07-2019 | micro format | 15-01-2020 | 2020-01100079 | |
| 01-07-2018 | micro format | 15-01-2019 | 2019-01200005 | |
| 01-07-2017 | micro format | 12-01-2018 | 2018-01100285 | |
| 01-07-2016 | full format | 16-01-2017 | 2017-01000473 |
Board & ownership
Directors
Owners and capital
Shareholders
- AHADJI Ablam 100 shares
Capital transactions
- 27-04-2023 Converted to unavailable equity
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
Articles of association, deed of 27-04-2023 (in French)
Network & group
SELECTION cs shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SELECTION cs. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
27-04
Gazette deed
Registered office moved from Schaerbeek to EvereNew registered office: Rue du Bon Pasteur, 58/boîte G 003, 1140 Evere · Previous registered office: Boulevard Auguste Reyers, 207-209/boîte 2, 1030 Schaerbeek · AHADJI Ablam holds 100 shares4 points ▸
- General meeting, 24-04-2023
- Registered-office move, Rue du Bon Pasteur, 58/boîte G 003, 1140 Evere
- AHADJI Ablam holds 100 shares
- Power of attorney, Herman WYERS
- The deed holds 10 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 1030 Schaerbeek until the deed of 27-04-2023
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
10 activities
- Toute opération ou activité (création,développement,distribution,installation,mise en service,conseils,formation cette liste étant non limitative) en rapport,direct ou indirect,avec les activités,les services et la consultance dans les domaines de l'internet,le traitement et la centralisation de données,le marketing,les télécommunications,l’informatique,présent ou futur
- Toute opération d'achat,de vente,d'entretien,de réparation,de fourniture et la location de matériel informatique (hardware et software),de matériel et de mobilier de bureau et en général de tout matériel pouvant servir directement ou indirectement à son objet
- La vente,l’achat en gros et détail,l’import-export,de tous matériels informatiques,électroniques et de télécommunication,et tout ce qui s'y rapporte dans le sens le plus large,notamment hardware,software,consultance,formation,réparation,location recherche et développement,fabrication
- La consultance et les prestations de services dans le domaine administratif,commercial et marketing ainsi que les autres services aux entreprises
- La gestion dans la plus large acceptation du terme,de son patrimoine mobilier (en ce compris actifs financiers de toutes sortes) et immobilier
- Dans le cadre de cette gestion,la société pourra notamment acquérir,aliéner,prendre et donner à bail tous biens meubles et immeubles,contracter ou consentir tous emprunts,hypothécaires ou non,cette liste n'étant pas limitative
- La société pourra également ouvrir,promouvoir et exploiter tous magasins de gros et/ou de détail et agir également en qualité de commissionnaire,agent et distributeur pour compte d'autrui,acheter,exploiter,louer,céder tout brevet,licence,invention ou marque de fabrique se rattachant directement ou indirectement à son objet social
- D'une façon générale,la société pourra faire tous actes,transactions ou opérations commerciales,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet social ou qui seront de nature à en faciliter ou développer la réalisation
- Elle pourra réaliser son objet social,soit par action directe,soit en prenant des intérêts dans,des entreprises,des sociétés,en tout ou en partie,similaires ou connexes
- La société peut être administrateur ou liquidateur ou exercer des fonctions analogues dans d'autres sociétés
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21006A0199/00T007 | Brussels | 8,547 m² | 1 · 676 m² | 27.6 m · 8 |
| 21810L2135/00W003 | Brussels | 370 m² | 1 · 370 m² | 31.3 m · 10 |