SELOUCO
ActiveSummary
The computed 12-month bankruptcy probability of SELOUCO is 2.2% (moderate). The 2024 annual accounts show equity of €154,066 and a net result of €18,489. Equity is growing by ~13% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-9
Solvency72▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.68 in 2023; short-term debt: 53.3% and cash: 4.5% of total assets), but 53.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
39 d early
2024
14 d early
2023
33 d early
2022
32 d early
2021
38 d early
2020
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days before 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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, micro schema
Equity
€154,066▲ 13.6%
2023 · €135,578
Total assets
€329,801▼ 0.5%
2023 · €331,352
Net result
€18,489▲ 37.0%
2023 · €13,497
Working capital
€152,656▲ 14.5%
2023 · €133,314
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€31,611-€116,846▲ 270%€8,587▼ 92.7%€15,754▲ 83.5%€20,703▲ 31.4%
Net result€19,770within the sector's middle half-€89,320above the sector's middle half▲ 352%€11,991within the sector's middle half▼ 86.6%€13,497within the sector's middle half▲ 12.6%€18,489within the sector's middle half▲ 37.0%
Equity€20,770within the sector's middle half-€110,090within the sector's middle half▲ 430%€122,080within the sector's middle half▲ 10.9%€135,578above the sector's middle half▲ 11.1%€154,066above the sector's middle half▲ 13.6%
Total assets€34,916below the sector's middle half-€131,944within the sector's middle half▲ 278%€143,242within the sector's middle half▲ 8.6%€331,352above the sector's middle half▲ 131%€329,801above the sector's middle half▼ 0.5%
Debt€14,147-€21,854▲ 54.5%€21,162▼ 3.2%€195,774▲ 825%€175,735▼ 10.2%
Working capital€23,651within the sector's middle half-€107,716above the sector's middle half▲ 355%€118,774above the sector's middle half▲ 10.3%€133,314above the sector's middle half▲ 12.2%€152,656above the sector's middle half▲ 14.5%
Solvency59.5%within the sector's middle half-83.4%above the sector's middle half▲ 24.0pp85.2%above the sector's middle half▲ 1.8pp40.9%within the sector's middle half▼ 44.3pp46.7%within the sector's middle half▲ 5.8pp
Current ratio3.57above the sector's middle half-5.93above the sector's middle half▲ 2.356.61above the sector's middle half▲ 0.681.68within the sector's middle half▼ 4.931.87within the sector's middle half▲ 0.19
Return on assets (ROA)56.6%above the sector's middle half-67.7%above the sector's middle half▲ 11.1pp8.4%within the sector's middle half▼ 59.3pp4.1%within the sector's middle half▼ 4.3pp5.6%within the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 31% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €329,801
Fixed assets
€1,411 ▼ 37.7%
Current assets
€328,391 ▼ 0.2%
Equity and liabilities €329,801
Equity
€154,066 ▲ 13.6%
Debt
€175,735 ▼ 10.2%
Debt's share of the balance-sheet total falls from 59.1% to 53.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,556▲
2023 · €16,797
Cash flow
€19,341▲
2023 · €14,540
Debt to equity
1.14▼
2023 · 1.44
ROE
12.0%▲
2023 · 10.0%
Interest coverage
1.72▼
2023 · 3.06
Debt ≤ 1 year
€175,735▼
2023 · €195,774
Income taxes
€5,855▼
2023 · €7,576
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% 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
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,206 | €406 | €849 | €1,043 | €853 | ▼ 18.2% |
| Other operating charges640/8 | - | €1,253 | €1,750 | €2,885 | €3,055 | ▲ 5.9% |
| Gross operating margin9900 | €36,728 | €118,504 | €11,186 | €19,682 | €24,610 | ▲ 25.0% |
| Operating profit (loss)9901 | €31,611 | €116,846 | €8,587 | €15,754 | €20,703 | ▲ 31.4% |
| Financial income75/76B | - | €0 | €9,213 | €10,800 | €16,150 | ▲ 49.5% |
| Recurring financial income75 | €0 | €0 | €9,213 | €10,800 | €16,150 | ▲ 49.5% |
| Financial charges65/66B | - | €548 | €439 | €5,480 | €12,509 | ▲ 128% |
| Recurring financial charges65 | €1,584 | €548 | €439 | €5,480 | €12,509 | ▲ 128% |
| Profit (loss) for the period before taxes9903 | €30,027 | €116,298 | €17,361 | €21,073 | €24,344 | ▲ 15.5% |
| Income taxes67/77 | €10,258 | €26,978 | €5,371 | €7,576 | €5,855 | ▼ 22.7% |
| Profit (loss) for the period9904 | €19,770 | €89,320 | €11,991 | €13,497 | €18,489 | ▲ 37.0% |
| Profit (loss) for the period to be appropriated9905 | €19,770 | €89,320 | €11,991 | €13,497 | €18,489 | ▲ 37.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,916 | €131,944 | €143,242 | €331,352 | €329,801 | ▼ 0.5% |
| Fixed assets21/28 | €2,079 | €2,374 | €3,306 | €2,263 | €1,411 | ▼ 37.7% |
| Tangible fixed assets22/27 | €2,079 | €2,374 | €3,306 | €2,263 | €1,411 | ▼ 37.7% |
| Furniture and vehicles24 | - | €2,374 | €3,306 | €2,263 | €1,411 | ▼ 37.7% |
| Current assets29/58 | €32,838 | €129,569 | €139,936 | €329,088 | €328,391 | ▼ 0.2% |
| Amounts receivable after more than one year29 | - | - | €100,000 | €250,000 | €250,000 | = |
| Other amounts receivable291 | - | - | €100,000 | €250,000 | €250,000 | = |
| Amounts receivable within one year40/41 | €18,100 | €127,300 | €26,677 | €53,051 | €52,051 | ▼ 1.9% |
| Trade receivables40 | - | €127,300 | €19,360 | €39,751 | €31,786 | ▼ 20.0% |
| Other amounts receivable41 | - | - | €7,317 | €13,300 | €20,265 | ▲ 52.4% |
| Cash at bank and in hand54/58 | €60 | €828 | €212 | €3,359 | €14,860 | ▲ 342% |
| Deferred charges and accrued income490/1 | - | €1,442 | €13,047 | €22,678 | €11,480 | ▼ 49.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,916 | €131,944 | €143,242 | €331,352 | €329,801 | ▼ 0.5% |
| Equity10/15 | €20,770 | €110,090 | €122,080 | €135,578 | €154,066 | ▲ 13.6% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €19,770 | €109,090 | €121,080 | €134,578 | €153,066 | ▲ 13.7% |
| Distributable reserves133 | - | €109,090 | €121,080 | €134,578 | €153,066 | ▲ 13.7% |
| Amounts payable17/49 | €14,147 | €21,854 | €21,162 | €195,774 | €175,735 | ▼ 10.2% |
| Amounts payable within one year42/48 | €9,187 | €21,854 | €21,162 | €195,774 | €175,735 | ▼ 10.2% |
| Trade debts44 | €1,453 | €2,615 | €911 | €4,105 | €232 | ▼ 94.3% |
| Suppliers440/4 | - | €2,615 | €911 | €4,105 | €232 | ▼ 94.3% |
| Taxes, remuneration and social security45 | - | €15,267 | €17,699 | €10,977 | €7,606 | ▼ 30.7% |
| Taxes450/3 | - | €12,767 | €17,699 | €7,901 | €4,504 | ▼ 43.0% |
| Remuneration and social security454/9 | - | €2,500 | €0 | €3,076 | €3,102 | ▲ 0.9% |
| Other amounts payable47/48 | - | €3,972 | €2,552 | €180,692 | €167,897 | ▼ 7.1% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,770 | €89,320 | €11,991 | €13,497 | €18,489 | ▲ 37.0% |
| + Depreciation and write-downs630 | €1,206 | €406 | €849 | €1,043 | €853 | ▼ 18.2% |
| Operating cash flow (approximation) | €20,975 | €89,725 | €12,840 | €14,540 | €19,341 | ▲ 33.0% |
| Investment in fixed assets (approximation) | - | -€701 | -€1,781 | €0 | €0 | - |
| Change in cash | - | €768 | -€615 | €3,147 | €11,500 | ▲ 265% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €154,066 ▲13.6%
5 profitable years in a row build equity to €154,066.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €11,991 ▼86.6%
Net result drops to €11,991, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €89,320 ▲352%
Operating result €116,846, net result €89,320, both a record.
31-12
Financial
Equity above €100,000Eq €110,090 ▲430%
2 profitable years in a row build equity to €110,090.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Beerse · 1 establishment unit since 2019
Ground area
331 m²
Building footprint
99 m²
Volume, LiDAR
729 m³
Parcel 13004B0207/00L000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SELOUCO
since 20192.295.282.690
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004B0207/00L000 | Flanders | 331 m² | 1 · 99 m² | 10.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,344 EUR awarded · 2,344 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,781 EUR | 1,781 EUR |
| 2022 | 1 | 563 EUR | 563 EUR |
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,896 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
Founded29-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736888907
Also
9925:BE0736888907
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.