Select Logistics
ActiveSelect Logistics has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €402k and a net result of €15k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 1846 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
83
/ 100
Excellent▼ -17 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability19▼-51
Solvency100▲+2
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.55 against 2.26 in 2023), and 34.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
19 d early
2022
48 d early
2021
44 d early
2020
25 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€402k▼ 8.0%
2023 · €437k
2018: €266k
2019: €328k
2020: €373k
2021: €429k
2022: €427k
2023: €437k
2018 → 2024
Total assets
€617k▼ 18.7%
2023 · €759k
2018: €670k
2019: €586k
2020: €694k
2021: €712k
2022: €752k
2023: €759k
2018 → 2024
Net result
€15k▼ 74.7%
2023 · €61k
2018: €50k
2019: €62k
2020: €45k
2021: €56k
2022: €43k
2023: €61k
2018 → 2024
Working capital
€334k▼ 15.0%
2023 · €393k
2018: €274k
2019: €314k
2020: €370k
2021: €373k
2022: €375k
2023: €393k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€373k-€429k▲ 15.0%€427k▼ 0.4%€437k▲ 2.3%€402k▼ 8.0%
Operating result€66k-€83k▲ 26.1%€62k▼ 25.5%€87k▲ 40.3%€25k▼ 71.6%
Net result€45k-€56k▲ 24.4%€43k▼ 22.9%€61k▲ 41.6%€15k▼ 74.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 72% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €617k
Fixed assets
€68k▲ 26.9%
Current assets
€549k▼ 22.2%
Equity and liabilities €617k
Equity
€402k▼ 8.0%
Debt
€215k▼ 33.1%
The debt ratio falls from 42.4% to 34.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€49k▼
2023 · €110k
Cash flow
€39k▼
2023 · €84k
Solvency
65.1%▲
2023 · 57.6%
Current ratio
2.55▲
2023 · 2.26
Quick ratio
2.55▲
2023 · 2.26
Debt / equity
0.54▼
2023 · 0.74
ROE
3.8%▼
2023 · 13.9%
ROA
2.5%▼
2023 · 8.0%
Interest coverage
15.72▼
2023 · 65.30
Debt
€215k▼
2023 · €322k
Debt ≤ 1 year
€215k▼
2023 · €313k
Debt > 1 year
€0▼
2023 · €9k
Income taxes
€7k▼
2023 · €25k
Staff costs
€41k▼
2023 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€759k€617k▼
Fixed assets21/28€54k€68k▲
Tangible fixed assets22/27€54k€68k▲
Furniture and vehicles24€54k€65k▲
Other tangible fixed assets26-€3k
Current assets29/58€705k€549k▼
Amounts receivable within one year40/41€378k€238k▼
Trade receivables40€378k€223k▼
Other amounts receivable41-€15k
Cash at bank and in hand54/58€317k€300k▼
Deferred charges and accrued income490/1€11k€11k▼
Equity and liabilities
Total equity and liabilities10/49€759k€617k▼
Equity10/15€437k€402k▼
Contributions10/11€19k€19k=
Reserves13€319k€284k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€317k€284k▼
Profit (loss) carried forward14€99k€99k=
Amounts payable17/49€322k€215k▼
Amounts payable after more than one year17€9k€0▼
Financial debts170/4€9k€0▼
Amounts payable within one year42/48€313k€215k▼
Current portion of amounts payable after more than one year42€20k€9k▼
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€271k€187k▼
Suppliers440/4€271k€187k▼
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€11k€1k▼
Remuneration and social security454/9€5k€5k▼
Other amounts payable47/48€6k€6k▲
Income statement
Code20232024
Non-recurring operating income76A€6k€17k▲
Remuneration, social security and pensions62€43k€41k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€24k▲
Other operating charges640/8€8k€6k▼
Non-recurring operating charges66A€1k€8k▲
Gross operating margin9900€162k€104k▼
Operating profit (loss)9901€87k€25k▼
Financial income75/76B€0€300▲
Recurring financial income75€0€300▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€86k€22k▼
Income taxes67/77€25k€7k▼
Profit (loss) for the period9904€61k€15k▼
Profit (loss) for the period to be appropriated9905€61k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€160k€115k▼
Profit (loss) brought forward from the previous period14P€99k€99k=
Transfer from equity791/2€51k€50k▼
Transfer to equity691/2€61k€15k▼
To other reserves6921€61k€15k▼
Profit to be distributed694/7€51k€50k▼
Return on contributions (dividend)694€51k€50k▼
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 68 days late
2024
31-12
Financial
Weakest financial yearnet €15k ▼74.7%
Net result drops to €15k, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €62k ▲24%
Operating result €90k, net result €62k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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.
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Directors · office · real estate
Directors
no sitting director, last change in 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-12-2023
VAN ORSHAEGEN Patrick Henri Elisabeth Maria: Resigned as Director
20-12-2023
VAN ORSHAEGEN Yani Leonie Frank: Resigned as Director
Not every act has been read: a resignation may be missing here
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Herenthout · 1 establishment unit since 2018
Ground area
3,449 m²
Building footprint
957 m²
Volume, LiDAR
2,684 m³
Parcel 13012A0379/00E002, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Select Logistics
since 20182.277.805.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012A0379/00E002 | Flanders | 3,449 m² | 1 · 957 m² | 7.1 m · 1 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.
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TRANSPORT FREDDY SIMOENS - VAN HOUCKE
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IVEMAR
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Of 12,436 companies in sector 49410 we hold annual accounts for 8,075. 5,452 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2010
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
52250Logistics services
52290Warehousing and support activities for transportation
46190Agents in non-specialised wholesale trade
53200Other postal and courier activities
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.