Equity
Equity fell by 53% in 7 years.
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.
SELECTION IMMO has existed since 1993. The gross margin grew from €24,487 in 2007 to €60,414 in 2025.
The gross margin has grown every year since 2021.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €100,000 and €350,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
534,083 | 551,577 | 569,879 | 630,040 | 662,902 | 705,309 | 731,367 | 734,086 | 721,105 | 719,426 | 711,894 | 708,220 | 694,442 | 679,222 | 663,532 | 643,975 | 626,030 | 604,457 | 579,806 | |
21/28 |
513,633 | 532,681 | 546,591 | 534,184 | 549,686 | 566,328 | 600,386 | 172,796 | 141,879 | 155,543 | 169,208 | 182,872 | 185,457 | 196,579 | 207,701 | 218,822 | 229,944 | 241,066 | 252,188 | |
22/27 |
75,607 | 94,654 | 108,564 | 96,158 | 111,660 | 128,302 | 162,359 | 172,796 | 141,879 | 155,543 | 169,208 | 182,872 | 185,457 | 196,579 | 207,701 | 218,822 | 229,944 | 241,066 | 252,188 | |
22 |
75,607 | 94,654 | 108,564 | 96,158 | 111,660 | 128,302 | 162,359 | 172,796 | 141,879 | 155,543 | 169,208 | 182,872 | 185,457 | 196,579 | 207,701 | 218,822 | 229,944 | 241,066 | 252,188 | |
28 |
438,027 | 438,027 | 438,027 | 438,027 | 438,027 | 438,027 | 438,027 | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
20,450 | 18,896 | 23,289 | 95,856 | 113,215 | 138,981 | 130,981 | 561,291 | 579,226 | 563,883 | 542,686 | 525,348 | 508,985 | 482,643 | 455,831 | 425,153 | 396,086 | 363,391 | 327,619 | |
40/41 |
7,302 | 1,202 | 10,654 | 74,124 | 74,407 | 80,918 | 75,213 | 498,770 | 506,743 | 490,720 | 479,209 | 470,271 | 452,683 | 433,512 | 413,012 | 388,415 | 374,775 | 357,810 | 318,356 | |
41 |
7,302 | 1,202 | 10,654 | 74,124 | 74,407 | 80,918 | 75,213 | 498,770 | 506,743 | 490,720 | 479,209 | 470,271 | 452,683 | 433,512 | 413,012 | 388,415 | 374,775 | 357,810 | 318,356 | |
54/58 |
8,681 | 15,245 | 11,204 | 19,983 | 37,889 | 56,895 | 55,405 | 62,521 | 72,483 | 73,163 | 63,306 | 55,077 | 56,302 | 48,898 | 42,820 | 36,738 | 21,311 | 5,582 | 9,262 | |
490/1 |
4,467 | 2,450 | 1,430 | 1,749 | 919 | 1,168 | 363 | - | - | - | 171 | - | - | 232 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
534,083 | 551,577 | 569,879 | 630,040 | 662,902 | 705,309 | 731,367 | 734,086 | 721,105 | 719,426 | 711,894 | 708,220 | 694,442 | 679,222 | 663,532 | 643,975 | 626,030 | 604,457 | 579,806 | |
10/15 |
321,037 | 306,415 | 311,475 | 609,397 | 603,218 | 630,310 | 651,347 | 684,803 | 682,203 | 658,940 | 632,786 | 606,609 | 581,594 | 559,674 | 538,251 | 515,661 | 490,611 | 465,306 | 446,094 | |
10/11 |
100,000 | 100,000 | 100,000 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | |
10 |
100,000 | 100,000 | 100,000 | 402,579 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
100,000 | 100,000 | 100,000 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | 402,579 | |
13 |
221,037 | 206,415 | 211,475 | 206,818 | 200,639 | 227,731 | 248,768 | 282,224 | 279,624 | 256,361 | 230,207 | 204,030 | 179,015 | 157,095 | 135,671 | 113,082 | 88,032 | 62,727 | 43,514 | |
130/1 |
25,817 | 25,817 | 25,817 | 25,817 | 25,508 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
25,817 | 25,817 | 25,817 | 25,817 | 25,508 | 25,363 | 24,976 | 24,976 | 24,846 | 23,683 | 22,375 | 21,066 | 19,816 | 18,720 | 17,648 | 16,519 | 15,266 | 14,000 | 13,000 | |
132 |
3,790 | 4,320 | 4,851 | 5,225 | 5,225 | 5,225 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
191,430 | 176,277 | 180,807 | 175,776 | 169,906 | 197,143 | 223,792 | 257,248 | 254,778 | 232,678 | 207,831 | 182,963 | 159,200 | 138,376 | 118,023 | 96,563 | 72,766 | 48,727 | 30,514 | |
14 |
- | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
16 |
1,263 | 1,440 | 1,617 | 2,239 | 2,239 | 2,239 | - | - | - | - | - | - | - | - | - | - | - | - | 2,160 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,160 | |
168 |
1,263 | 1,440 | 1,617 | 2,239 | 2,239 | 2,239 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
211,783 | 243,722 | 256,787 | 18,404 | 57,444 | 72,760 | 80,020 | 49,283 | 38,902 | 60,486 | 79,108 | 101,611 | 112,847 | 119,548 | 125,282 | 128,314 | 135,420 | 139,151 | 131,553 | |
17 |
3,559 | 11,742 | 15,529 | 2,783 | 11,666 | 22,284 | 28,768 | 30,993 | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
3,559 | 11,742 | 15,529 | 2,783 | 11,666 | 22,284 | 28,768 | 30,993 | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
205,440 | 229,296 | 238,820 | 12,711 | 42,883 | 47,610 | 46,861 | 15,469 | 36,152 | 57,736 | 76,384 | 98,948 | 110,212 | 116,676 | 121,184 | 125,245 | 133,130 | 136,611 | 131,553 | |
42 |
8,184 | 7,924 | 9,125 | 8,883 | 10,618 | 9,085 | 13,286 | 7,732 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
- | - | 0 | 463 | 166 | - | - | - | - | - | - | - | 186 | - | - | - | - | - | - | |
440/4 |
- | - | 0 | 463 | 166 | - | - | - | - | - | - | - | 186 | - | - | - | - | - | - | |
45 |
6,165 | 0 | 29,420 | 2,265 | 1,000 | 2,900 | - | - | 6,500 | 6,600 | 3,800 | 3,300 | 837 | - | - | - | - | - | 2,500 | |
450/3 |
6,165 | 0 | 29,420 | 2,265 | 1,000 | 2,900 | - | - | 6,500 | 6,600 | 3,800 | 3,300 | 837 | - | - | - | - | - | 2,500 | |
47/48 |
191,091 | 221,371 | 200,274 | 1,100 | 31,100 | 35,625 | 33,575 | 7,736 | 29,652 | 51,136 | 72,584 | 95,648 | 109,190 | 116,676 | 121,184 | 125,245 | 133,130 | 136,611 | 129,053 | |
492/3 |
2,784 | 2,684 | 2,439 | 2,910 | 2,895 | 2,866 | 4,391 | 2,822 | 2,750 | 2,750 | 2,725 | 2,663 | 2,636 | 2,871 | 4,098 | 3,069 | 2,290 | 2,540 | - | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | 0 | 12,585 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
60,414 | 33,822 | 32,971 | 29,133 | 25,603 | 39,213 | 19,240 | 26,367 | 34,487 | 35,115 | 34,388 | 32,941 | 27,933 | 28,284 | 30,034 | 33,083 | 34,400 | 29,633 | 24,487 | |
630 |
19,047 | 18,848 | 20,122 | 15,502 | 16,642 | 16,642 | 17,906 | 20,604 | 13,664 | 13,664 | 13,664 | 12,756 | 11,122 | 11,822 | 11,122 | 11,122 | 11,122 | 11,122 | 11,122 | |
631/4 |
- | - | - | - | 0 | -4,249 | - | - | 4,249 | - | - | - | - | - | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2,160 | 44 | |
640/8 |
5,355 | 5,312 | 6,438 | 4,967 | 4,951 | 8,383 | 6,622 | 6,558 | 6,287 | 6,365 | 6,440 | 6,249 | 6,013 | 5,708 | 6,108 | 5,007 | 4,910 | 6,927 | 5,144 | |
9901 |
36,012 | 9,662 | 6,410 | 8,664 | 4,010 | 18,438 | -5,288 | -794 | 10,286 | 15,085 | 14,283 | 13,936 | 10,798 | 10,754 | 12,804 | 16,954 | 18,368 | 13,744 | 8,178 | |
75/76B |
- | 0 | 162 | 291 | 465 | 541 | 4,805 | 5,037 | 22,127 | 21,654 | 21,170 | 20,422 | 19,505 | 18,574 | 17,678 | 16,779 | 15,886 | 14,211 | 11,717 | |
75 |
- | 0 | 162 | 291 | 465 | 541 | 4,805 | 5,037 | 22,127 | 21,654 | 21,170 | 20,422 | 19,505 | 18,574 | 17,678 | 16,779 | 15,886 | 14,211 | 11,717 | |
65/66B |
15,401 | 14,899 | 705 | 468 | 568 | 876 | 973 | 1,600 | 2,631 | 4,003 | 5,484 | 6,031 | 7,527 | 7,904 | 7,893 | 8,683 | 8,949 | 8,744 | 7,881 | |
65 |
15,401 | 14,899 | 705 | 468 | 568 | 876 | 973 | 1,600 | 2,631 | 4,003 | 5,484 | 6,031 | 7,527 | 7,904 | 7,893 | 8,683 | 8,949 | 8,744 | 7,881 | |
9903 |
20,611 | -5,237 | 5,867 | 8,486 | 3,907 | 18,102 | -1,456 | 2,643 | 29,783 | 32,737 | 29,969 | 28,327 | 22,775 | 21,424 | 22,589 | 25,050 | 25,305 | 19,212 | 12,013 | |
780 |
177 | 177 | 249 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
6,165 | 0 | 1,832 | 2,308 | 999 | 2,900 | - | 43 | 6,520 | 6,582 | 3,792 | 3,313 | 855 | - | - | - | - | - | -180 | |
9904 |
14,622 | -5,061 | 4,284 | 6,179 | 2,908 | 12,963 | -1,456 | 2,600 | 23,263 | 26,154 | 26,177 | 25,014 | 21,920 | 21,424 | 22,589 | 25,050 | 25,305 | 19,212 | 12,193 | |
789 |
530 | 530 | 748 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | 0 | 5,225 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
15,153 | -4,530 | 5,032 | 6,179 | 2,908 | 7,738 | -1,456 | 2,600 | 23,263 | 26,154 | 26,177 | 25,014 | 21,920 | 21,424 | 22,589 | 25,050 | 25,305 | 19,212 | 12,193 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
15,153 | -4,530 | 5,032 | 6,179 | 2,908 | 7,738 | -1,456 | 2,600 | 23,263 | 26,154 | 26,177 | 25,014 | 21,920 | 21,424 | 22,589 | 25,050 | 25,305 | 19,212 | 31,514 | |
791/2 |
0 | 4,530 | - | 0 | 27,237 | 27,000 | 33,500 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
15,153 | 0 | 5,032 | 6,179 | 145 | 738 | 44 | 2,600 | 23,263 | 26,154 | 26,177 | 25,014 | 21,920 | 21,424 | 22,589 | 25,050 | 25,305 | 19,212 | 31,514 | |
6920 |
- | - | 0 | 309 | 145 | 387 | - | 130 | 1,163 | 1,308 | 1,309 | 1,251 | 1,096 | 1,071 | 1,129 | 1,253 | 1,266 | 1,000 | 1,000 | |
6921 |
15,153 | 0 | 5,032 | 5,870 | 0 | 351 | 44 | 2,470 | 22,100 | 24,846 | 24,868 | 23,764 | 20,824 | 20,353 | 21,460 | 23,797 | 24,039 | 18,212 | 30,514 | |
694/7 |
- | - | - | 0 | 30,000 | 34,000 | 32,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | - | 0 | 30,000 | 34,000 | 32,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 12 older financial years (1995-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 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 09-02-2026.
2025 annual accounts filed 9 days after the deadline. Filed on 9 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00038921.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 09-02-2026 | 2026-00038921 | |
| 30-06-2024 | full format | 27-01-2025 | 2025-00015585 | |
| 30-06-2023 | full format | 08-01-2024 | 2024-00545994 | |
| 30-06-2022 | full format | 21-12-2022 | 2022-20546002 | |
| 30-06-2021 | full format | 07-01-2022 | 2022-00700067 | |
| 30-06-2020 | full format | 04-01-2021 | 2021-00300012 | |
| 30-06-2019 | full format | 18-12-2019 | 2019-76500553 | |
| 30-06-2018 | full format | 20-12-2018 | 2018-75400302 | |
| 30-06-2017 | full format | 05-01-2018 | 2018-00900050 | |
| 30-06-2016 | full format | 18-01-2017 | 2017-01600108 | |
| 30-06-2015 | full format | 08-01-2016 | 2016-01000465 | |
| 30-06-2014 | full format | 09-01-2015 | 2015-00900272 | |
| 30-06-2013 | full format | 09-01-2014 | 2014-00400325 | |
| 30-06-2012 | full format | 09-01-2013 | 2013-00500352 | |
| 30-06-2011 | full format | 23-12-2011 | 2011-65100481 | |
| 30-06-2010 | full format | 15-12-2010 | 2010-63100080 | |
| 30-06-2009 | full format | 27-01-2010 | 2010-03000182 | |
| 30-06-2008 | full format | 16-12-2008 | 2008-86300286 | |
| 30-06-2007 | full format | 08-01-2008 | 2008-01200095 | |
| 30-06-2006 | full format | 28-12-2006 | 2006-93805167 | |
| 30-06-2005 | full format | 11-01-2006 | 2006-01105140 | |
| 30-06-2004 | full format | 24-12-2004 | 2004-88004198 | |
| 30-06-2003 | full format | 24-03-2004 | 2004-08405307 | |
| 30-06-2002 | full format | 24-03-2004 | 2004-08405286 | |
| 30-06-2001 | full format | 18-01-2002 | 2002-02003138 | |
| 30-06-2000 | full format | 11-12-2001 | 2001-75202062 | |
| 30-06-1999 | full format | 28-08-2000 | 2000-53204553 | |
| 30-06-1998 | full format | 28-08-2000 | 2000-53204541 | |
| 30-06-1997 | full format | 29-05-1998 | 1998-12402810 | |
| 30-06-1996 | full format | 29-05-1998 | 1998-11904696 | |
| 30-06-1995 | full format | 29-12-1995 | 1995-62105007 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55,060 | 28,510 | 26,532 | 24,166 | 20,652 | 35,080 | 12,618 | 19,809 | 23,951 | 28,750 | 27,948 | 26,692 | 21,919 | 22,576 | 23,925 | 28,076 | 29,490 | 24,866 | 19,299 | ||
| 33,670 | 13,787 | 24,407 | 21,681 | 19,550 | 29,605 | 16,450 | 23,204 | 36,928 | 39,819 | 39,841 | 37,770 | 33,042 | 33,246 | 33,711 | 36,172 | 36,427 | 30,334 | 23,315 | ||
| 0 | 4,938 | 32,529 | 0 | 0 | -17,415 | 445,497 | 51,521 | 0 | 0 | 0 | 10,171 | 0 | 700 | 0 | 0 | 0 | 0 | - | ||
| -6,564 | 4,041 | -8,779 | -17,906 | -19,006 | 1,490 | -7,116 | -9,962 | -680 | 9,857 | 8,229 | -1,225 | 7,404 | 6,079 | 6,082 | 15,427 | 15,729 | -3,681 | - | ||
| -184,990 | -210,399 | -215,531 | 83,145 | 70,332 | 91,371 | 84,120 | 545,822 | 543,074 | 506,147 | 466,303 | 426,400 | 398,773 | 365,967 | 334,648 | 299,908 | 262,956 | 226,780 | 196,066 | ||
| 60.1% | 55.6% | 54.7% | 96.7% | 91.0% | 89.4% | 89.1% | 93.3% | 94.6% | 91.6% | 88.9% | 85.7% | 83.7% | 82.4% | 81.1% | 80.1% | 78.4% | 77.0% | 76.9% | ||
| 0.10 | 0.08 | 0.10 | 7.54 | 2.64 | 2.92 | 2.80 | 36.29 | 16.02 | 9.77 | 7.10 | 5.31 | 4.62 | 4.14 | 3.76 | 3.39 | 2.98 | 2.66 | 2.49 | ||
| 0.66 | 0.80 | 0.82 | 0.03 | 0.10 | 0.12 | 0.12 | 0.07 | 0.06 | 0.09 | 0.13 | 0.17 | 0.19 | 0.21 | 0.23 | 0.25 | 0.28 | 0.30 | 0.29 | ||
| 4.6% | -1.7% | 1.4% | 1.0% | 0.5% | 2.1% | -0.2% | 0.4% | 3.4% | 4.0% | 4.1% | 4.1% | 3.8% | 3.8% | 4.2% | 4.9% | 5.2% | 4.1% | 2.7% | ||
| 2.7% | -0.9% | 0.8% | 1.0% | 0.4% | 1.8% | -0.2% | 0.4% | 3.2% | 3.6% | 3.7% | 3.5% | 3.2% | 3.2% | 3.4% | 3.9% | 4.0% | 3.2% | 2.1% | ||
| 3.57 | 1.91 | 37.64 | 51.61 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €4,938 | €32,529 | - |
| €19,047 | €18,848 | €20,122 | €15,502 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is over 3.7 times that of 2024 and the highest since 2007. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 44.2% to 39.7%. Equity is higher and debt is lower.
Source: list of holdings in its own 30-06-2025 accounts. Every holding stands with its own latest accounts.
| Name | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| 87.6% | |||||||
Source: list of holdings in its own accounts
The network starts from the directors of SELECTION IMMO. Every other company they run is a node.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de Mons 200 registered office 4600 Visé 64210 Activities of holding companies | 02-06-1995 | 2.071.873.181 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62108D0281/00B000 | 7,791 m² | 1 · 194 m² | 13.6 m · 2 |
If something looks wrong or is missing, please tell us.