SELECT CONSTRUCT
ActiveSummary
SELECT CONSTRUCT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354k and a net result of €3k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 61% of 837 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-1
Solvency68▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 8.53 against 1.69 in 2024; short-term debt: 8.8% and cash: 2.9% of total assets), but 57.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
42.7%
Return on assets
0.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
183 d early
2023
187 d early
2022
171 d early
2021
172 d early
2020
177 d early
2019
179 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 9.2%
2024 · €3k
2019: €2k
2020: €-8k▼ -572% vs 2019lowest in 7 years
2021: €21k▲ +380% vs 2020highest in 7 years
2022: €13k▼ -39.8% vs 2021
2023: €7k▼ -45.7% vs 2022
2024: €3k▼ -56.4% vs 2023
2025: €3k▼ -9.2% vs 2024
2019 → 2025
Working capital
€550k▲ 279%
2024 · €145k
2019: €106k
2020: €97k▼ -8.3% vs 2019lowest in 7 years
2021: €575k▲ +491% vs 2020highest in 7 years
2022: €274k▼ -52.4% vs 2021
2023: €142k▼ -48.1% vs 2022
2024: €145k▲ +2.1% vs 2023
2025: €550k▲ +279% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€329k-€341k▲ 3.9%€348k▲ 2.0%€351k▲ 0.9%€354k▲ 0.8%
2021: €329klowest in 5 years
2022: €341k▲ +3.9% vs 2021
2023: €348k▲ +2.0% vs 2022
2024: €351k▲ +0.9% vs 2023
2025: €354k▲ +0.8% vs 2024highest in 5 years
Operating result€25k-€18k▼ 26.4%€10k▼ 45.3%€5k▼ 53.5%€4k▼ 6.6%
2021: €25khighest in 5 years
2022: €18k▼ -26.4% vs 2021
2023: €10k▼ -45.3% vs 2022
2024: €5k▼ -53.5% vs 2023
2025: €4k▼ -6.6% vs 2024lowest in 5 years
Net result€21k-€13k▼ 39.8%€7k▼ 45.7%€3k▼ 56.4%€3k▼ 9.2%
2021: €21khighest in 5 years
2022: €13k▼ -39.8% vs 2021
2023: €7k▼ -45.7% vs 2022
2024: €3k▼ -56.4% vs 2023
2025: €3k▼ -9.2% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 7% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €829k
Fixed assets
€206k ▲ 0.2%
Current assets
€623k ▲ 75.4%
Equity and liabilities €829k
Equity
€354k ▲ 0.8%
Debt
€475k ▲ 126%
Debt's share of the balance-sheet total rises from 37.4% to 57.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
8.53▲
2024 · 1.69
Quick ratio
4.07▲
2024 · 0.35
Debt to equity
1.34▲
2024 · 0.60
ROE
0.8%▼
2024 · 0.9%
ROA
0.3%▼
2024 · 0.5%
Debt ≤ 1 year
€73k▼
2024 · €210k
Debt > 1 year
€402k
Income taxes
€976▼
2024 · €1k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€561k€829k▲
Fixed assets21/28€206k€206k▲
Tangible fixed assets22/27€206k€206k=
Land and buildings22€206k€206k=
Financial fixed assets28-€450
Current assets29/58€355k€623k▲
Stocks and contracts in progress3€281k€326k▲
Stocks30/36€196k€241k▲
Contracts in progress37€85k€85k=
Amounts receivable within one year40/41€67k€273k▲
Trade receivables40-€2k
Other amounts receivable41€67k€271k▲
Cash at bank and in hand54/58€7k€24k▲
Deferred charges and accrued income490/1€210€562▲
Equity and liabilities
Total equity and liabilities10/49€561k€829k▲
Equity10/15€351k€354k▲
Contributions10/11€268k€268k=
Capital10-€268k
Issued capital100-€268k
Reserves13€18k€18k=
Non-distributable reserves130/1€18k€18k=
Legal reserve130-€18k
Reserves not available under the articles1311€18k-
Profit (loss) carried forward14€65k€68k▲
Amounts payable17/49€210k€475k▲
Amounts payable after more than one year17-€402k
Other amounts payable178/9-€402k
Amounts payable within one year42/48€210k€73k▼
Trade debts44€66k€30k▼
Suppliers440/4€66k€30k▼
Taxes, remuneration and social security45€1k€1k▼
Taxes450/3€1k€1k▼
Other amounts payable47/48€143k€42k▼
Income statement
Code20242025
Gross operating margin9900€5k€4k▼
Operating profit (loss)9901€5k€4k▼
Financial charges65/66B€463€609▲
Recurring financial charges65€463€609▲
Profit (loss) for the period before taxes9903€4k€4k▼
Income taxes67/77€1k€976▼
Profit (loss) for the period9904€3k€3k▼
Profit (loss) for the period to be appropriated9905€3k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€68k▲
Profit (loss) brought forward from the previous period14P€62k€65k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | - | - | - |
| Gross operating margin9900 | €26k | €20k | €11k | €5k | €4k | ▼ 6.6% |
| Operating profit (loss)9901 | €25k | €18k | €10k | €5k | €4k | ▼ 6.6% |
| Financial income75/76B | - | €0 | €40 | - | - | - |
| Recurring financial income75 | €1 | €0 | €40 | - | - | - |
| Financial charges65/66B | - | €870 | €557 | €463 | €609 | ▲ 31.4% |
| Recurring financial charges65 | €444 | €870 | €557 | €463 | €609 | ▲ 31.4% |
| Profit (loss) for the period before taxes9903 | €26k | €17k | €9k | €4k | €4k | ▼ 10.8% |
| Income taxes67/77 | €5k | €5k | €3k | €1k | €976 | ▼ 14.9% |
| Profit (loss) for the period9904 | €21k | €13k | €7k | €3k | €3k | ▼ 9.2% |
| Profit (loss) for the period to be appropriated9905 | €21k | €13k | €7k | €3k | €3k | ▼ 9.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €914k | €570k | €464k | €561k | €829k | ▲ 47.8% |
| Fixed assets21/28 | €209k | €207k | €206k | €206k | €206k | ▲ 0.2% |
| Tangible fixed assets22/27 | €209k | €207k | €206k | €206k | €206k | = |
| Land and buildings22 | - | €206k | €206k | €206k | €206k | = |
| Furniture and vehicles24 | - | €1k | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | €450 | - |
| Current assets29/58 | €706k | €362k | €258k | €355k | €623k | ▲ 75.4% |
| Stocks and contracts in progress3 | €189k | €189k | €219k | €281k | €326k | ▲ 15.7% |
| Stocks30/36 | - | €189k | €189k | €196k | €241k | ▲ 22.5% |
| Contracts in progress37 | - | - | €30k | €85k | €85k | = |
| Amounts receivable within one year40/41 | €195k | €75k | €34k | €67k | €273k | ▲ 310% |
| Trade receivables40 | - | - | - | - | €2k | - |
| Other amounts receivable41 | - | €75k | €34k | €67k | €271k | ▲ 307% |
| Cash at bank and in hand54/58 | €322k | €98k | €5k | €7k | €24k | ▲ 243% |
| Deferred charges and accrued income490/1 | - | €210 | €210 | €210 | €562 | ▲ 168% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €914k | €570k | €464k | €561k | €829k | ▲ 47.8% |
| Equity10/15 | €329k | €341k | €348k | €351k | €354k | ▲ 0.8% |
| Contributions10/11 | €268k | €268k | €268k | €268k | €268k | = |
| Capital10 | - | €268k | - | - | €268k | - |
| Issued capital100 | - | €268k | - | - | €268k | - |
| Reserves13 | €14k | €18k | €18k | €18k | €18k | = |
| Non-distributable reserves130/1 | - | €18k | €18k | €18k | €18k | = |
| Legal reserve130 | - | €18k | - | - | €18k | - |
| Reserves not available under the articles1311 | - | - | €18k | €18k | - | - |
| Profit (loss) carried forward14 | €46k | €55k | €62k | €65k | €68k | ▲ 4.2% |
| Amounts payable17/49 | €586k | €228k | €115k | €210k | €475k | ▲ 126% |
| Amounts payable after more than one year17 | - | - | - | - | €402k | - |
| Other amounts payable178/9 | - | - | - | - | €402k | - |
| Amounts payable within one year42/48 | €131k | €88k | €115k | €210k | €73k | ▼ 65.2% |
| Trade debts44 | €71k | €84k | €16k | €66k | €30k | ▼ 55.2% |
| Suppliers440/4 | - | €84k | €16k | €66k | €30k | ▼ 55.2% |
| Taxes, remuneration and social security45 | - | €5k | €3k | €1k | €1k | ▼ 11.6% |
| Taxes450/3 | - | €5k | €3k | €1k | €1k | ▼ 11.6% |
| Other amounts payable47/48 | - | - | €97k | €143k | €42k | ▼ 70.3% |
| Accrued charges and deferred income492/3 | - | €140k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €13k | €7k | €3k | €3k | ▼ 9.2% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | - | - | - |
| Operating cash flow (approximation) | €22k | €14k | €8k | €3k | €3k | ▼ 9.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-450 | - |
| Change in cash | - | €-224k | €-93k | €2k | €17k | ▲ 740% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Liquidity times 5current ratio 8.53
Current ratio from 1.69 to 8.53; short-term debt falls from €210k to €73k.
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
13-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 5.39
Current ratio from 1.92 to 5.39.
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Courcelles · 1 establishment unit since 1993
Ground area
1.4 ha
Building footprint
2,025 m²
Volume, LiDAR
12,551 m³
2 parcels, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SELECT CONSTRUCT
since 19932.061.758.358
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322A0144/00T004 | Wallonia | 1.4 ha | 1 · 1,947 m² | 8.8 m · 2 fl. |
| 52011B0108/00R000 | Wallonia | 144 m² | 1 · 79 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
M&K TOITURES
BE 0837.193.934
Châtelet · Eq €353,877
STRUXURA
BE 0846.250.962
Poperinge · Eq €353,655
BOUWONDERNEMING MERTENS & ZOON
BE 0439.231.638
Laakdal · Eq €354,029
PREFAB JANSSEN
BE 0465.012.258
Bilzen-Hoeselt · Eq €353,574
JANCO
BE 0843.634.833
Schoten · Eq €354,096
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 10,463 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-03-1993
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.