Debts
€375,486 78% of the balance sheet
Suppliers 14%Taxes and wages 3%Other 82%
SELS
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €80,544 (2022)
€23,988▼ 33.4%
lowest -€33,987 (2009)
-€4,159▼ €21,640
peak €108,004 (2024)
€103,846▼ 3.9%
€375,486▲ 45.7%
peak 0.8 FTE (2020)
-not published
Board3 names since 2016
3 directors and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €36,011 to €23,988Loss of €4,159Debts from €257,652 to €375,486Investments €78,632Cash from €21 to €16,016
Key points
from the 2025 annual accountsInvestments
€78,632 3.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 97.3% higher than in 2024.
Filings
36 annual accounts since 1990
Ten of the last ten came late. The 2019 accounts came latest: 92 days after the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as SELS has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,507 companies, not a prediction for SELS. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439110486
Capital increase of €74,000 to €135,973.38
Capital from €61,973.38 to €135,973.38 · Contribution: · Resignations: , and · Gazette deed
1 director appointed, 3 reappointments
Reappointments: , and · Appointment: (chair of the board) · General meeting of 31-10-2016 · Gazette deed
First establishment
Schrieksesteenweg 48, Putte
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SELS Putte | €479,331 | €23,988 | 21.7% | - |
| KEUKENS VAN WESEMAEL Kontich | €449,028 | €25,654 | 78.6% | - |
| SJEF AERTS Herselt | €366,442 | €24,622 | 25.4% | - |
| DE VRESSE Antwerp | €472,476 | €31,744 | 57.2% | - |
| MULTI SPRAY ENTERPRISES Mechelen | €329,339 | €23,314 | 77.8% | - |
| KREMER Chaudfontaine | €460,268 | €30,648 | 53.8% | - |
| ELMAPO Pittem | €504,787 | €17,868 | 73.6% | - |
These companies have the same main activity as SELS: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €329,000 and €505,000, founded between 1982 and 1993.
Official details
Source: KBO- Status
- Active since 28-11-1989Normal situation
- Activity
- Other specialised construction activitiesNACE 43990
- Joint committee
- 124Construction · annual accounts 2023
- Establishment unit
- 2.046.055.3452580 Putte, since 15-12-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 15-09-2025
Insights on SELS
SELS files the abbreviated format. That format states no turnover. The gross margin rose from €16,597 in 2006 to €23,988 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SELS
- What is the company number of SELS?
- The company number of SELS is 0439.110.486. The VAT number is the same number with BE in front: BE 0439.110.486.
- Where is SELS based?
- The registered office is at Schrieksesteenweg 48, 2580 Putte.Company details
- What does SELS do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of SELS?
- SELS is a public limited company (NV).
- When was SELS founded?
- SELS was founded on 28-11-1989.
- Is SELS still active?
- Yes, SELS is an active enterprise in the KBO register.
- How many employees does SELS have?
- SELS had an average of 0.5 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does SELS fall under?
- In its 2023 annual accounts, SELS states joint committee 124 (Construction).
- What is the turnover of SELS?
- The turnover in financial year 2025 is ≈ €350,000. This figure is estimated from the gross margin of €23,988 and 45 comparable companies (NACE 43990). It probably lies between €200,000 and €850,000. It is a rough estimate.
- Is SELS profitable?
- In financial year 2025, SELS made a loss of €4,159.
- Where can I find the annual accounts of SELS?
- SELS filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SELS due?
- SELS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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