SELS & DELBAEN
ActiveSELS & DELBAEN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €17k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 2034 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
98
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+10
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 5.29 against 5.16 in 2024; short-term debt: 18.6% and cash: 79.1% of total assets), and 18.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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
81.4%
Return on assets
24.8%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
58 d early
2023
6 d late
2022
367 d late
2021
734 d late
2020
1099 d late
2019
152 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€57k▲ 37.9%
2024 · €41k
2018: €-12k
2019: €12k
2020: €18k
2021: €30k
2022: €30k
2023: €33k
2024: €41k
2018 → 2025
Total assets
€70k▲ 37.7%
2024 · €51k
2018: €18k
2019: €26k
2020: €48k
2021: €57k
2022: €54k
2023: €45k
2024: €51k
2018 → 2025
Net result
€17k▲ 103%
2024 · €9k
2018: €24k
2019: €36k
2020: €6k
2021: €12k
2022: €6k
2023: €8k
2024: €9k
2018 → 2025
Working capital
€56k▲ 41.3%
2024 · €40k
2018: €-17k
2019: €8k
2020: €-2k
2021: €14k
2022: €19k
2023: €23k
2024: €40k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€30k▲ 0.3%€33k▲ 9.7%€41k▲ 26.1%€57k▲ 37.9%
Operating result€15k-€7k▼ 52.4%€10k▲ 35.4%€13k▲ 32.0%€22k▲ 68.5%
Net result€12k-€6k▼ 47.6%€8k▲ 29.7%€9k▲ 8.1%€17k▲ 103%
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 three years in a row; 2025 is 69% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€992▼ 40.7%
Current assets
€69k▲ 40.4%
Equity and liabilities €70k
Equity
€57k▲ 37.9%
Debt
€13k▲ 36.9%
The debt ratio falls from 18.7% to 18.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23k▲
2024 · €21k
Cash flow
€19k▲
2024 · €16k
Solvency
81.4%▲
2024 · 81.3%
Current ratio
5.29▲
2024 · 5.16
Quick ratio
5.29▲
2024 · 5.16
Debt / equity
0.23▼
2024 · 0.23
ROE
30.4%▲
2024 · 20.7%
ROA
24.8%▲
2024 · 16.8%
Interest coverage
324.35▲
2024 · 308.85
Debt
€13k▲
2024 · €10k
Debt ≤ 1 year
€13k▲
2024 · €10k
Income taxes
€5k▲
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€51k€70k▲
Fixed assets21/28€2k€992▼
Tangible fixed assets22/27€2k€992▼
Plant, machinery and equipment23-€692
Furniture and vehicles24€2k€300▼
Current assets29/58€49k€69k▲
Amounts receivable within one year40/41€9k€14k▲
Trade receivables40€9k€8k▼
Other amounts receivable41€173€5k▲
Cash at bank and in hand54/58€39k€55k▲
Deferred charges and accrued income490/1€469€51▼
Equity and liabilities
Total equity and liabilities10/49€51k€70k▲
Equity10/15€41k€57k▲
Contributions10/11€6k€6k=
Outside capital11€6k-
Other1109/19€6k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311-€2k
Other1319€2k-
Profit (loss) carried forward14€33k€48k▲
Amounts payable17/49€10k€13k▲
Amounts payable within one year42/48€10k€13k▲
Trade debts44€2k€385▼
Suppliers440/4€2k€385▼
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€10k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€39€860▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€1k▼
Other operating charges640/8€887€1k▲
Gross operating margin9900€22k€24k▲
Operating profit (loss)9901€13k€22k▲
Financial income75/76B€130€0▼
Recurring financial income75€130€0▼
Financial charges65/66B€67€72▲
Recurring financial charges65€67€72▲
Profit (loss) for the period before taxes9903€13k€22k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€9k€17k▲
Profit (loss) for the period to be appropriated9905€9k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€50k▲
Profit (loss) brought forward from the previous period14P€24k€33k▲
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (9 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1832 days late
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 734 days late
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1099 days late
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 367 days late
2022
31-12
Financial
Weakest financial yearnet €6k ▼47.6%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
2019
31-12
Financial
Highest result since 2018net €36k ▲52.1%
Operating result €37k, net result €36k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.53
Current ratio from 0.42 to 1.53; short-term debt falls from €30k to €14k.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 151 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Boom · 1 establishment unit since 2014
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.
Schaarbos 122850 BoomGround area
560 m²
Building footprint
188 m²
Volume, LiDAR
978 m³
Parcel 11622C0267/00W002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schaarbos 12, 2850 Boom
since 20142.239.673.679
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11622C0267/00W002 | Flanders | 560 m² | 1 · 188 m² | 8.1 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
SD Work & Health Consultancy
BE 0700.252.403
Braine-l'Alleud · Eq €57k
Inside-Out Coaching & Training
BE 0502.466.829
Asse · Eq €57k
MELKI
BE 0473.379.794
Mechelen · Eq €57k
JBOKS TRAININGEN
BE 0872.404.637
Turnhout · Eq €57k
OPTIMA BUSINESS SOLUTIONS
BE 0866.557.319
Enghien · Eq €56k
Of 11,667 companies in sector 85599 we hold annual accounts for 1,329. 1,026 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2014
Fiscal year end31-12
Abbreviation NL
S & D
Activities, NACEBEL
85599Other education
45112
46180Agents specialised in the wholesale of other particular products
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:sels.delbaen@telenet.be