DE KEYSER
ActiveSummary
DE KEYSER has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €472,694 and a net result of -€8,945. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 1855 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-32
Solvency92▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 11.93 against 11.44 in 2024; short-term debt: 4.7% and cash: 2.4% of total assets), and 33.1% of the assets are financed with debt.
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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 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
NBB · annual accounts 2024Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,945
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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
59 d late
2024
27 d late
2023
35 d early
2022
34 d early
2021
80 d late
2020
31 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
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. Usually files around 27 August (5 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 oldest company in Ronse, Accommodation and food service sector#5 company by equity in Ronse, Accommodation and food service sector#10 company by total assets in Ronse, Accommodation and food service sector
Equity
€472,694▼ 1.9%
2024 · €481,640
Total assets
€706,267▼ 5.4%
2024 · €746,717
Net result
-€8,945
2024 · €26,527
Working capital
€361,485▼ 5.0%
2024 · €380,684
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€59,971▲ 22.2%€69,149▲ 15.3%€68,523▼ 0.9%€41,486▼ 39.5%-€6,771
Net result€38,389above the sector's middle half▲ 23.0%€45,127above the sector's middle half▲ 17.6%€43,931above the sector's middle half▼ 2.7%€26,527above the sector's middle half▼ 39.6%-€8,945
Equity€366,054above the sector's middle half▲ 11.7%€411,182above the sector's middle half▲ 12.3%€455,113above the sector's middle half▲ 10.7%€481,640above the sector's middle half▲ 5.8%€472,694▼ 1.9%
Total assets€715,338within the sector's middle half▲ 2.9%€762,598within the sector's middle half▲ 6.6%€784,889within the sector's middle half▲ 2.9%€746,717within the sector's middle half▼ 4.9%€706,267▼ 5.4%
Debt€349,283▼ 4.9%€351,416▲ 0.6%€329,776▼ 6.2%€265,077▼ 19.6%€233,572▼ 11.9%
Working capital€294,747above the sector's middle half▲ 15.3%€333,536above the sector's middle half▲ 13.2%€361,711above the sector's middle half▲ 8.4%€380,684above the sector's middle half▲ 5.2%€361,485▼ 5.0%
Solvency51.2%within the sector's middle half▲ 4.0pp53.9%above the sector's middle half▲ 2.7pp58.0%above the sector's middle half▲ 4.1pp64.5%above the sector's middle half▲ 6.5pp66.9%▲ 2.4pp
Current ratio7.30above the sector's middle half▲ 0.135.62above the sector's middle half▼ 1.685.77above the sector's middle half▲ 0.1511.44above the sector's middle half▲ 5.6611.93▲ 0.49
Return on assets (ROA)5.4%within the sector's middle half▲ 0.9pp5.9%within the sector's middle half▲ 0.6pp5.6%within the sector's middle half▼ 0.3pp3.6%within the sector's middle half▼ 2.0pp-1.3%▼ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,771 after €41,486 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €706,267
Fixed assets
€311,708 ▼ 5.4%
Current assets
€394,559 ▼ 5.4%
Equity and liabilities €706,267
Equity
€472,694 ▼ 1.9%
Debt
€233,572 ▼ 11.9%
Debt's share of the balance-sheet total falls from 35.5% to 33.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,084▼
2024 · €59,341
Cash flow
€8,910▼
2024 · €44,382
Debt to equity
0.49▼
2024 · 0.55
ROE
-1.9%▼
2024 · 5.5%
Interest coverage
2.83▼
2024 · 19.19
Debt ≤ 1 year
€33,074▼
2024 · €36,470
Debt > 1 year
€200,499▼
2024 · €228,608
Income taxes
€0▼
2024 · €12,888
Staff costs
€234▲
2024 · €129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,611 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | - | €129 | €234 | ▲ 81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,055 | €16,904 | €18,971 | €17,855 | €17,855 | = |
| Other operating charges640/8 | €9,473 | €9,686 | €11,330 | €11,260 | €11,020 | ▼ 2.1% |
| Gross operating margin9900 | €86,499 | €95,739 | €98,824 | €70,730 | €22,338 | ▼ 68.4% |
| Operating profit (loss)9901 | €59,971 | €69,149 | €68,523 | €41,486 | -€6,771 | ▼ 116% |
| Financial income75/76B | €1,148 | €1,984 | €1,003 | €1,021 | €1,743 | ▲ 70.7% |
| Recurring financial income75 | €1,148 | €1,984 | €1,003 | €1,021 | €1,743 | ▲ 70.7% |
| Financial charges65/66B | €3,045 | €2,914 | €2,876 | €3,092 | €3,917 | ▲ 26.7% |
| Recurring financial charges65 | €3,045 | €2,914 | €2,691 | €3,092 | €3,917 | ▲ 26.7% |
| Non-recurring financial charges66B | - | - | €185 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €58,074 | €68,219 | €66,651 | €39,414 | -€8,945 | ▼ 123% |
| Income taxes67/77 | €19,684 | €23,091 | €22,720 | €12,888 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €38,389 | €45,127 | €43,931 | €26,527 | -€8,945 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | €38,389 | €45,127 | €43,931 | €26,527 | -€8,945 | ▼ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €715,338 | €762,598 | €784,889 | €746,717 | €706,267 | ▼ 5.4% |
| Fixed assets21/28 | €373,777 | €356,874 | €347,418 | €329,563 | €311,708 | ▼ 5.4% |
| Tangible fixed assets22/27 | €367,901 | €350,998 | €341,542 | €323,687 | €305,832 | ▼ 5.5% |
| Land and buildings22 | €366,989 | €350,086 | €340,642 | €322,787 | €304,932 | ▼ 5.5% |
| Furniture and vehicles24 | €912 | €912 | €900 | €900 | €900 | = |
| Financial fixed assets28 | €5,876 | €5,876 | €5,876 | €5,876 | €5,876 | = |
| Current assets29/58 | €341,561 | €405,724 | €437,471 | €417,154 | €394,559 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €208,278 | €244,565 | €283,681 | €321,747 | €301,725 | ▼ 6.2% |
| Trade receivables40 | €128 | €128 | €128 | €3,196 | €128 | ▼ 96.0% |
| Other amounts receivable41 | €208,149 | €244,437 | €283,553 | €318,551 | €301,597 | ▼ 5.3% |
| Current investments50/53 | €75,069 | €75,925 | €70,935 | €70,935 | €70,935 | = |
| Cash at bank and in hand54/58 | €57,105 | €80,134 | €82,855 | €23,148 | €16,999 | ▼ 26.6% |
| Deferred charges and accrued income490/1 | €1,109 | €5,100 | €0 | €1,324 | €4,900 | ▲ 270% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €715,338 | €762,598 | €784,889 | €746,717 | €706,267 | ▼ 5.4% |
| Equity10/15 | €366,054 | €411,182 | €455,113 | €481,640 | €472,694 | ▼ 1.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €304,054 | €349,182 | €393,113 | €419,640 | €410,694 | ▼ 2.1% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €1,256 | €1,256 | €1,256 | €1,256 | = |
| Distributable reserves133 | €297,854 | €341,726 | €385,658 | €412,184 | €403,239 | ▼ 2.2% |
| Amounts payable17/49 | €349,283 | €351,416 | €329,776 | €265,077 | €233,572 | ▼ 11.9% |
| Amounts payable after more than one year17 | €302,470 | €279,228 | €254,016 | €228,608 | €200,499 | ▼ 12.3% |
| Financial debts170/4 | €214,074 | €188,618 | €162,281 | €135,060 | €106,951 | ▼ 20.8% |
| Other amounts payable178/9 | €88,396 | €90,610 | €91,735 | €93,547 | €93,547 | = |
| Amounts payable within one year42/48 | €46,813 | €72,188 | €75,760 | €36,470 | €33,074 | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | €24,579 | €25,456 | €26,337 | €27,221 | €28,109 | ▲ 3.3% |
| Trade debts44 | €1,704 | €22,658 | €26,010 | €507 | €1,586 | ▲ 213% |
| Suppliers440/4 | €1,704 | €22,658 | €26,010 | €507 | €1,586 | ▲ 213% |
| Advances received on contracts in progress46 | - | €1,216 | €0 | €5,468 | €1,216 | ▼ 77.8% |
| Taxes, remuneration and social security45 | €19,432 | €22,858 | €23,413 | €3,275 | €2,162 | ▼ 34.0% |
| Taxes450/3 | €19,432 | €22,858 | €23,413 | €3,275 | €2,162 | ▼ 34.0% |
| Other amounts payable47/48 | €1,098 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,389 | €45,127 | €43,931 | €26,527 | -€8,945 | ▼ 134% |
| + Depreciation and write-downs630 | €17,055 | €16,904 | €18,971 | €17,855 | €17,855 | = |
| Operating cash flow (approximation) | €55,444 | €62,031 | €62,902 | €44,382 | €8,910 | ▼ 79.9% |
| Investment in fixed assets (approximation) | - | €0 | -€9,515 | €0 | €0 | - |
| Change in cash | - | €23,029 | €2,722 | -€59,707 | -€6,149 | ▲ 89.7% |
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
28-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 59 days late
2025
31-12
Financial
Weakest financial yearnet -€8,945
Net result drops to -€8,945, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €45,127 ▲17.6%
Operating result €69,149, net result €45,127, both a record.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ronse · 1 establishment unit since 1992
Ground area
1,367 m²
Building footprint
463 m²
Volume, LiDAR
1,057 m³
2 parcels, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE KEYSER NV
since 19922.057.684.952
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422D0716/00P007 | Flanders | 1,355 m² | 1 · 455 m² | 6.0 m · 1 fl. |
| 45018B0126/00D000 | Flanders | 12 m² | 1 · 8 m² | 5.4 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500HH78YZNAPCBF79
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Of 2,392 companies in sector 55100 we hold annual accounts for 1,518. 1,091 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
Founded24-04-1992
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
25510Coating of metals
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447267394
Also
9925:BE0447267394
Registered
05-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.