Summary
Selo Group is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €14k and a net result of €16k. Equity is growing by ~84.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 9863 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9863 sector peers (2024).
NBB · sector comparisonPosition among 9863 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
6 d early
2022
12 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€14k▲ 3,605%
2023 · €388
2022: €5k
2023: €388
2022 → 2024
Net result
€16k
2023 · €-5k
2022: €12k
2023: €-5k
2022 → 2024
Total assets
€131k▲ 117%
2023 · €60k
2022: €26k
2023: €60k
2022 → 2024
Solvency
11.0%▲ 10.4pp
2023 · 0.6%
2022: 20.8%
2023: 0.6%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€5k-€388▼ 92.7%€14k▲ 3,605%
Operating result€16k-€5k▼ 68.6%€38k▲ 654%
Net result€12k-€-5k€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 654% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€14k ▼ 5.1%
Current assets
€117k ▲ 158%
Equity and liabilities €131k
Equity
€14k ▲ 3,605%
Debt
€116k ▲ 94.6%
Debt's share of the balance-sheet total falls from 99.4% to 89.0%. Equity and debt are higher.
Key figures and ratios
ROE
108.9%
ROA
12.0%▲
2023 · -8.2%
Debt ≤ 1 year
€112k▲
2023 · €60k
Debt > 1 year
€4k
Income taxes
€8k▲
2023 · €4k
Staff costs
€120k▲
2023 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€60k€131k▲
Fixed assets21/28€15k€14k▼
Tangible fixed assets22/27€13k€13k▼
Plant, machinery and equipment23€9k€11k▲
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€2k€1k▼
Current assets29/58€45k€117k▲
Amounts receivable within one year40/41€30k€76k▲
Trade receivables40€26k€58k▲
Other amounts receivable41€4k€18k▲
Cash at bank and in hand54/58€128€13k▲
Deferred charges and accrued income490/1€15k€28k▲
Equity and liabilities
Total equity and liabilities10/49€60k€131k▲
Equity10/15€388€14k▲
Contributions10/11€2k€2k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-2k€12k▲
Amounts payable17/49€60k€116k▲
Amounts payable after more than one year17-€4k
Financial debts170/4-€4k
Amounts payable within one year42/48€60k€112k▲
Current portion of amounts payable after more than one year42-€2k
Financial debts43€17k€0▼
Credit institutions430/8€17k€0▼
Trade debts44€10k€75k▲
Suppliers440/4€10k€75k▲
Taxes, remuneration and social security45€33k€34k▲
Taxes450/3€25k€21k▼
Remuneration and social security454/9€8k€14k▲
Other amounts payable47/48-€2k
Income statement
Code20232024
Remuneration, social security and pensions62€35k€120k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€5k€8k▲
Gross operating margin9900€48k€170k▲
Operating profit (loss)9901€5k€38k▲
Financial income75/76B€160€95▼
Recurring financial income75€160€95▼
Financial charges65/66B€6k€14k▲
Recurring financial charges65€6k€14k▲
Profit (loss) for the period before taxes9903€-1k€24k▲
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€-5k€16k▲
Profit (loss) for the period to be appropriated9905€-5k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€14k▲
Profit (loss) brought forward from the previous period14P-€-2k
Transfer from equity791/2€3k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0€2k▲
Return on contributions (dividend)694€0€2k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-5k ▼142%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Schoten · 2 establishment units since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Elzendreef 82900 SchotenGround area
1.8 ha
Building footprint
1.0 ha
Volume, LiDAR
105,385 m³
2 parcels, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Selo Surveys
since 20222.327.757.696
Selo Surveys
since 20252.371.495.095
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1708/00Z002 | Flanders | 1.7 ha | 1 · 1.0 ha | 12.4 m · 3 fl. |
| 11040A0001/00L081 | Flanders | 957 m² | 1 · 99 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 297 EUR awarded · 297 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 297 EUR | 297 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 807 companies in sector 64999 we hold annual accounts for 484. 186 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
71209Other technical testing and analysis
52250Logistics services
53200Other postal and courier activities
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.