Equity
SELECTO has made a profit in every financial year since 2023.
SELECTO has made a profit in every financial year since 2023.
The micro format states no turnover.
Higher solvency than 83% of companies in employment activities. Sector median 49.0% · 1,024 companies.
In July 2024, 39,274 companies had the same profile as SELECTO has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 39,274 companies, not a prediction for SELECTO. 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.
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.
| Company | ||||
|---|---|---|---|---|
| SELECTO Kortrijk | €87,459 | €36,877 | 83.2% | - |
| CHAOS MANAGEMENT Bruges | €107,544 | €39,760 | 54.3% | - |
| MY AGENCY BELGIQUE Brussels | €89,584 | €32,399 | -15.3% | - |
| Atlas Consultancy Ranst | €78,583 | €35,739 | 97.6% | - |
| Vitamine J Hoeilaart | €75,886 | €40,539 | 70.4% | - |
| DANASADA Charleroi | €82,802 | €32,803 | 76.4% | - |
| S' INTRO Merchtem | €100,190 | €43,445 | 56.6% | - |
These companies have the same main activity as SELECTO: employment placement agencies (NACE 78100). They are comparable in size and age: total assets between €75,900 and €108,000, founded between 2022 and 2023.
SELECTO files the micro format. That format states no turnover. The gross margin fell from €61,887 in 2023 to €36,877 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €89,000 and €270,000.
Higher than 83% of 1,024 companies in 2025.
Higher than 82% of 987 companies in 2025.
Higher than 72% of 991 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
87,459 | 62,064 | 59,558 | |
21/28 |
3,130 | 3,946 | 2,613 | |
22/27 |
1,118 | 1,934 | 601 | |
24 |
1,118 | 1,934 | 601 | |
28 |
2,012 | 2,012 | 2,012 | |
29/58 |
84,329 | 58,118 | 56,945 | |
40/41 |
8,297 | 13,929 | 32 | |
40 |
3,941 | - | - | |
41 |
4,356 | 13,929 | 32 | |
50/53 |
29,084 | - | - | |
54/58 |
44,064 | 40,474 | 56,420 | |
490/1 |
2,884 | 3,715 | 493 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
87,459 | 62,064 | 59,558 | |
10/15 |
72,784 | 49,980 | 43,311 | |
10/11 |
2,500 | 2,500 | 2,500 | |
13 |
70,284 | 47,480 | 40,811 | |
133 |
70,284 | 47,480 | 40,811 | |
17/49 |
14,675 | 12,084 | 16,248 | |
42/48 |
14,675 | 12,084 | 16,248 | |
44 |
1,849 | 2,381 | 3,488 | |
440/4 |
1,849 | 2,381 | 3,488 | |
45 |
9,545 | 8,487 | 9,763 | |
450/3 |
7,692 | 6,634 | 7,910 | |
454/9 |
1,853 | 1,853 | 1,853 | |
47/48 |
3,281 | 1,217 | 2,997 | |
| Income statement | ||||
9900 |
36,877 | 11,462 | 61,887 | |
630 |
816 | 457 | 903 | |
640/8 |
528 | 513 | 384 | |
9901 |
35,533 | 10,492 | 60,600 | |
75/76B |
698 | 278 | - | |
75 |
231 | 34 | - | |
76B |
466 | 244 | - | |
65/66B |
1,565 | 345 | - | |
65 |
1,565 | 345 | - | |
9903 |
34,666 | 10,424 | 60,600 | |
67/77 |
11,862 | 3,755 | 19,790 | |
9904 |
22,804 | 6,669 | 40,811 | |
9905 |
22,804 | 6,669 | 40,811 | |
| Appropriation of the result | ||||
9906 |
22,804 | 6,669 | 40,811 | |
691/2 |
22,804 | 6,669 | 40,811 | |
6921 |
22,804 | 6,669 | 40,811 | |
| Document | ||||
The notes to these accounts have 9 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 29-05-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 36,349 | 10,949 | 61,503 | ||
| 23,620 | 7,127 | 41,713 | ||
| 0 | 1,790 | 2,670 | ||
| 3,590 | -15,946 | - | ||
| 69,654 | 46,034 | 40,697 | ||
| 83.2% | 80.5% | 72.7% | ||
| 5.75 | 4.81 | 3.50 | ||
| 0.20 | 0.24 | 0.38 | ||
| 31.3% | 13.3% | 94.2% | ||
| 26.1% | 10.7% | 68.5% | ||
| 23.22 | 31.71 | - |
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €1,790 | €658 |
| Financial fixed assets | €0 | - | €2,012 |
| €816 | €457 | €903 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3.4 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 19.5% to 16.8%. Equity and debt are higher.
SELECTO has no parent and no holdings in its annual accounts. is the only director. SELECTO shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Oudenaardsesteenweg 136 registered office 8500 Kortrijk | 06-07-2023 | 2.347.062.874 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34354C0268/00F015 | 331 m² | 1 · 108 m² | 14.2 m · 4 |
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