SELO
ActiveThe file of SELO contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.0% (moderate). The 2025 annual accounts show equity of €40,507 and a net result of €3,054. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 28184 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-18
Solvency100▲+33
Growth52▼-26
Track record79
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity ample (current ratio 5.74 against 1.56 in 2024; short-term debt: 15.4% and cash: 0% of total assets), and 15.4% of the assets are financed with debt.
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Signals
Five 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.6%
Return on assets
6.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
48 d late
2024
375 d late
2023
152 d late
2022
129 d late
2021
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 134 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,507▲ 8.2%
2024 · €37,453
Total assets
€47,868▼ 45.7%
2024 · €88,144
Net result
€3,054▼ 83.4%
2024 · €18,424
Working capital
€34,905▲ 23.6%
2024 · €28,250
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,711-€420▼ 97.9%€4,338▲ 933%€24,152▲ 457%€4,638▼ 80.8%
Net result€15,235--€623€3,216€18,424▲ 473%€3,054▼ 83.4%
Equity€16,435-€15,812▼ 3.8%€19,028▲ 20.3%€37,453▲ 96.8%€40,507▲ 8.2%
Total assets€40,915-€30,841▼ 24.6%€32,865▲ 6.6%€88,144▲ 168%€47,868▼ 45.7%
Debt€24,480-€15,029▼ 38.6%€13,837▼ 7.9%€50,691▲ 266%€7,362▼ 85.5%
Working capital€16,849-€15,812▼ 6.2%€19,028▲ 20.3%€28,250▲ 48.5%€34,905▲ 23.6%
Staff (FTE)0.1
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,868
Fixed assets
€5,602 ▼ 39.1%
Current assets
€42,266 ▼ 46.5%
Equity and liabilities €47,868
Equity
€40,507 ▲ 8.2%
Debt
€7,362 ▼ 85.5%
Debt's share of the balance-sheet total falls from 57.5% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,238▼
2024 · €25,750
Cash flow
€6,654▼
2024 · €20,022
Current ratio
5.74▲
2024 · 1.56
Debt to equity
0.18▼
2024 · 1.35
ROE
7.5%▼
2024 · 49.2%
ROA
6.4%▼
2024 · 20.9%
Interest coverage
9.43▼
2024 · 355.66
Debt ≤ 1 year
€7,362▼
2024 · €50,691
Income taxes
€1,421▼
2024 · €5,656
Staff costs
€260▲
2024 · €145
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,305 | - | - | - | - |
| Remuneration, social security and pensions62 | €189 | €5,333 | - | €145 | €260 | ▲ 79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,598 | €3,600 | ▲ 125% |
| Other operating charges640/8 | €729 | €3,454 | €1,582 | €1,021 | €1,755 | ▲ 71.9% |
| Gross operating margin9900 | €20,629 | €9,207 | €5,921 | €26,916 | €10,253 | ▼ 61.9% |
| Operating profit (loss)9901 | €19,711 | €420 | €4,338 | €24,152 | €4,638 | ▼ 80.8% |
| Financial income75/76B | €158 | - | - | - | €711 | - |
| Recurring financial income75 | €158 | - | - | - | €711 | - |
| Financial charges65/66B | €812 | €104 | - | €72 | €874 | ▲ 1,107% |
| Recurring financial charges65 | €812 | €104 | - | €72 | €874 | ▲ 1,107% |
| Profit (loss) for the period before taxes9903 | €19,057 | €316 | €4,338 | €24,080 | €4,475 | ▼ 81.4% |
| Income taxes67/77 | €3,822 | €939 | €1,122 | €5,656 | €1,421 | ▼ 74.9% |
| Profit (loss) for the period9904 | €15,235 | -€623 | €3,216 | €18,424 | €3,054 | ▼ 83.4% |
| Profit (loss) for the period to be appropriated9905 | €15,235 | -€623 | €3,216 | €18,424 | €3,054 | ▼ 83.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,915 | €30,841 | €32,865 | €88,144 | €47,868 | ▼ 45.7% |
| Fixed assets21/28 | - | - | - | €9,202 | €5,602 | ▼ 39.1% |
| Tangible fixed assets22/27 | - | - | - | €9,202 | €5,602 | ▼ 39.1% |
| Furniture and vehicles24 | - | - | - | €9,202 | €5,602 | ▼ 39.1% |
| Current assets29/58 | €40,915 | €30,841 | €32,865 | €78,942 | €42,266 | ▼ 46.5% |
| Amounts receivable within one year40/41 | €40,633 | €30,841 | €32,759 | €78,834 | €37,284 | ▼ 52.7% |
| Trade receivables40 | €38,336 | €28,056 | €32,296 | €72,822 | €10,476 | ▼ 85.6% |
| Other amounts receivable41 | €2,297 | €2,785 | €463 | €6,012 | €26,808 | ▲ 346% |
| Cash at bank and in hand54/58 | €282 | - | - | €2 | €7 | ▲ 220% |
| Deferred charges and accrued income490/1 | - | - | €106 | €106 | €4,975 | ▲ 4,587% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,915 | €30,841 | €32,865 | €88,144 | €47,868 | ▼ 45.7% |
| Equity10/15 | €16,435 | €15,812 | €19,028 | €37,453 | €40,507 | ▲ 8.2% |
| Contributions10/11 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Profit (loss) carried forward14 | €15,235 | €14,612 | €17,828 | €36,253 | €39,307 | ▲ 8.4% |
| Amounts payable17/49 | €24,480 | €15,029 | €13,837 | €50,691 | €7,362 | ▼ 85.5% |
| Amounts payable within one year42/48 | €24,066 | €15,029 | €13,837 | €50,691 | €7,362 | ▼ 85.5% |
| Financial debts43 | - | - | - | - | €510 | - |
| Credit institutions430/8 | - | - | - | - | €510 | - |
| Trade debts44 | €3,407 | €6,787 | €10,087 | €42,975 | - | - |
| Suppliers440/4 | €3,407 | €6,787 | €10,087 | €42,975 | - | - |
| Taxes, remuneration and social security45 | €5,242 | €7,312 | €2,061 | €7,716 | €6,852 | ▼ 11.2% |
| Taxes450/3 | €3,822 | €4,761 | €2,061 | €7,716 | €6,852 | ▼ 11.2% |
| Remuneration and social security454/9 | €1,420 | €2,551 | - | - | - | - |
| Other amounts payable47/48 | €15,417 | €930 | €1,690 | - | - | - |
| Accrued charges and deferred income492/3 | €414 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,235 | -€623 | €3,216 | €18,424 | €3,054 | ▼ 83.4% |
| + Depreciation and write-downs630 | - | - | - | €1,598 | €3,600 | ▲ 125% |
| Operating cash flow (approximation) | €15,235 | -€623 | €3,216 | €20,022 | €6,654 | ▼ 66.8% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | - | - | - | €5 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
10-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 375 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 5.74
Current ratio from 1.56 to 5.74; short-term debt falls from €50,691 to €7,362.
2024
31-12
Financial
Highest result since 2021net €18,424 ▲473%
Operating result €24,152, net result €18,424, both a record.
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 152 days late
2023
31-12
Financial
Back to profitnet €3,216
Net result €3,216 after one loss-making year.
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 129 days late
2022
31-12
Financial
Weakest financial yearnet -€623
Net result drops to -€623, the lowest in the series; recovery starts the following year.
26-08
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 23-08-2022
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 05-07-2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial 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, Beringen · 1 establishment unit since 2020
Ground area
794 m²
Building footprint
198 m²
Volume, LiDAR
662 m³
Parcel 71029B1461/00K000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SELO
since 20202.311.105.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B1461/00K000 | Flanders | 794 m² | 1 · 198 m² | 5.8 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOM VANDECRUYS ROZENDAAL 78, 2440 GEEL-
.
55493
BELGISCH STAATSBLAD — 11.07.2022 — MONITEUR BELGE |
05-07-2022 → 23-08-2022 |
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,525 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
Founded23-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756942963
Also
9925:BE0756942963
Registered
20-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.