Erik Sels
ActiveSummary
Erik Sels has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €-23k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-62
Solvency70▼-7
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.72 in 2024; short-term debt: 54.6% and cash: 11% of total assets), and 54.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.4%
Return on assets
-25.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-23k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
32 d late
2021
60 d early
2020
60 d early
2019
31 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€40k▼ 36.1%
2024 · €62k
2018: €53k
2019: €35k
2020: €47k
2021: €52k
2022: €77k
2023: €69k
2024: €62k
2018 → 2025
Total assets
€88k▼ 26.1%
2024 · €119k
2018: €73k
2019: €73k
2020: €76k
2021: €104k
2022: €131k
2023: €133k
2024: €119k
2018 → 2025
Net result
€-23k▼ 262%
2024 · €-6k
2018: €-1k
2019: €8k
2020: €13k
2021: €5k
2022: €25k
2023: €-9k
2024: €-6k
2018 → 2025
Working capital
€-33k▼ 108%
2024 · €-16k
2018: €24k
2019: €6k
2020: €15k
2021: €-24k
2022: €-15k
2023: €-19k
2024: €-16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€77k▲ 47.6%€69k▼ 11.2%€62k▼ 9.1%€40k▼ 36.1%
Operating result€9k-€33k▲ 273%€-4k€-10k▼ 177%€-22k▼ 125%
Net result€5k-€25k▲ 405%€-9k€-6k▲ 28.1%€-23k▼ 262%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22k in 2025 against €10k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€73k ▼ 6.7%
Current assets
€15k ▼ 63.5%
Equity and liabilities €88k
Equity
€40k ▼ 36.1%
Debt
€48k ▼ 15.0%
Debt's share of the balance-sheet total rises from 47.5% to 54.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €5k
Cash flow
€-7k▼
2024 · €9k
Current ratio
0.31▼
2024 · 0.72
Quick ratio
0.26▼
2024 · 0.67
Debt to equity
1.20▲
2024 · 0.91
ROE
-56.4%▼
2024 · -10.0%
ROA
-25.6%▼
2024 · -5.2%
Interest coverage
-31.34▼
2024 · 18.34
Debt ≤ 1 year
€48k▼
2024 · €57k
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 · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€119k€88k▼
Fixed assets21/28€78k€73k▼
Intangible fixed assets21€615€17▼
Tangible fixed assets22/27€78k€73k▼
Land and buildings22€58k€60k▲
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€11k€8k▼
Current assets29/58€41k€15k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€6k€2k▼
Trade receivables40€6k€2k▼
Cash at bank and in hand54/58€31k€10k▼
Deferred charges and accrued income490/1€402€431▲
Equity and liabilities
Total equity and liabilities10/49€119k€88k▼
Equity10/15€62k€40k▼
Contributions10/11€23k€23k=
Reserves13€55k€55k=
Distributable reserves133€55k€55k=
Profit (loss) carried forward14€-15k€-37k▼
Amounts payable17/49€57k€48k▼
Amounts payable within one year42/48€57k€48k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Advances received on contracts in progress46€3k€500▼
Taxes, remuneration and social security45€4k€276▼
Taxes450/3€4k€276▼
Other amounts payable47/48€46k€45k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€756€1k▲
Gross operating margin9900€6k€-6k▼
Operating profit (loss)9901€-10k€-22k▼
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€285€223▼
Recurring financial charges65€285€223▼
Profit (loss) for the period before taxes9903€-10k€-23k▼
Income taxes67/77€-4k-
Profit (loss) for the period9904€-6k€-23k▼
Profit (loss) for the period to be appropriated9905€-6k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-37k▼
Profit (loss) brought forward from the previous period14P€-9k€-15k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €25k ▲405%
Operating result €33k, net result €25k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Turnhout · 1 establishment unit since 1984
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.
Grote Reesdijk 202300 TurnhoutGround area
212 m²
Building footprint
234 m²
Volume, LiDAR
1,104 m³
Parcel 13452K0641/00E000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grote Reesdijk 20, 2300 Turnhout
since 19842.023.468.993
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452K0641/00E000 | Flanders | 212 m² | 1 · 234 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Hamme (Vl.) · Eq €40,072
ORYA Bloem
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FLEURS EDEL.WEISS
BE 0670.499.929
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AU GRE DU VENT
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Of 3,387 companies in sector 47761 we hold annual accounts for 1,156. 765 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
Founded20-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
43350Other building finishing work
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.