Active BE 0888.165.751Private limited company

DE KEYSER AGRI

Rue Lieut.Maurice Tasse(FLM) 18 ·6141 Fontaine-l'Evêque, Belgium· 19 yrs active

Sector: Mixed farming (01500)

Conclusion Checked

DE KEYSER AGRI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.20M and a net result of €121k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 3938 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€1.20M
Net result	€121k
Better than sector	68%
Active	19 yrs

Financial profile 5 of 5 axes measured · computed by Checked

81 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 50

Solvency 85

Growth 85

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2007, 19 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

83 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€100k

estimate, not credit advice

Score history

76 2021

72 2022

86 2023

83 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.49 (≥ 1.0) +5

Leverage Debt/equity 0.88 (< 1.0) +10

Profitability ROE 10% (≥ 10%) +10

Interest coverage Interest coverage 24.8× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview13 NBB filings

Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · micro schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~19.4%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 01, Crop and animal production, hunting and related service activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	53.3%	32.1%	better than 68% of 3938 sector peers
Net result	€121k	€6k	better than 95% of 3936 sector peers
Equity	€1.20M	€84k	better than 95% of 3939 sector peers
Gross operating margin	€306k	€44k	better than 94% of 3934 sector peers
Total assets	€2.25M	€328k	better than 95% of 3938 sector peers

Revenue

€966k

+68.9% 21-24

EBITDA

€299k

-11.2% 21-24

Net profit

€121k

-24.3% 21-24

Cash flow

€265k

-6.1% 21-24

Total assets

€2.25M

+9.1% 21-24

Equity

€1.20M

+14.2% 21-24

Working capital

€260k

+5.5% 21-24

Staff costs

€120

- 21-24

Income taxes

€29k

-47.7% 21-24

Debt

€1.05M

+3.7% 21-24

Debt ≤ 1y

€526k

+5.2% 21-24

Debt > 1y

€500k

-2.5% 21-24

Current ratio

1.49

+0.1% 21-24

Quick ratio

0.86

+67.8% 21-24

Solvency

53.3%

+4.7% 21-24

Debt / equity

0.88

-9.2% 21-24

ROE

10.1%

-33.7% 21-24

ROA

5.4%

-30.6% 21-24

Net margin

16.6%

-48.0% 21-24

EBITDA margin

34.9%

-32.0% 21-24

Interest coverage

24.80

-54.7% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	€966k	€572k	-
EBITDA	€299k	€337k	€293k	€204k
Net profit	€121k	€160k	€182k	€116k
Cash flow	€265k	€282k	€288k	€194k
Staff costs	-	-	-	€120
Income taxes	€29k	€55k	€9k	-
Dividends	-	-	-	-
Total assets	€2.25M	€2.06M	€2.37M	€1.89M
Equity	€1.20M	€1.05M	€859k	€664k
Debt	€1.05M	€1.01M	€1.51M	€1.23M
of which ≤ 1y	€526k	€500k	€1.06M	€616k
of which > 1y	€500k	€513k	€450k	€580k
Working capital	€260k	€246k	€-223k	€195k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	1.49	1.49	0.79	1.32
Quick ratio	0.86	0.51	0.37	0.86
Working capital ratio	11.5%	11.9%	-9.4%	10.3%
Solvency	53.3%	50.9%	36.3%	35.1%
Debt / equity	0.88	0.96	1.76	1.85
Long-term debt ratio	0.42	0.49	0.52	0.87
Interest coverage	24.80	54.79	47.33	19.21
Gross margin	-	22.7%	-0.5%	-
Net margin	-	16.6%	31.9%	-
ROA	5.4%	7.8%	7.7%	6.1%
ROE	10.1%	15.2%	21.2%	17.5%
EBITDA margin	-	34.9%	51.3%	-
Days sales outstanding	-	86d	101d	-
Days payable outstanding	-	31d	361d	-
Inventory turnover	-	1.52	1.29	-
Days inventory (DSI)	-	240d	284d	-

Balance-sheet composition 2024

Assets

Fixed assets €1.46M · 65.1% Current assets €786k · 34.9%

Equity & liabilities

Equity €1.20M · 53.3% Debt €1.05M · 46.7%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.25M	€2.06M	€2.37M	€1.89M
Fixed assets	21/28	€1.46M	€1.32M	€1.53M	€1.08M
Tangible fixed assets	22/27	€1.46M	€1.32M	€1.53M	€1.07M
Financial fixed assets	28	-	-	-	€13k
Current assets	29/58	€786k	€747k	€835k	€811k
Stocks & contracts in progress	3	€336k	€492k	€447k	€282k
Amounts receivable within one year	40/41	€332k	€234k	€287k	€302k
Cash & bank	54/58	€116k	€20k	€57k	€123k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.25M	€2.06M	€2.37M	€1.89M
Equity	10/15	€1.20M	€1.05M	€859k	€664k
Contributions / capital	10/11	€313k	€313k	€284k	€284k
Reserves	13	€815k	-	€28k	€23k
Accumulated profits (losses)	14	-	€694k	€534k	€357k
Amounts payable	17/49	€1.05M	€1.01M	€1.51M	€1.23M
Amounts payable after one year	17	€500k	€513k	€450k	€580k
Amounts payable within one year	42/48	€526k	€500k	€1.06M	€616k
Trade debts payable within one year	44	€63k	€64k	€569k	€19k
Income statement
Turnover	70	-	€966k	€572k	-
Gross operating margin	9900	€306k	€348k	€299k	€211k
Operating result	9901	€156k	€215k	€188k	€126k
Financial income	75	€6k	€6k	€9k	€406
Financial charges	65	€12k	€6k	€6k	€11k
Result before taxes	9903	€150k	€215k	€191k	€116k
Income taxes	67/77	€29k	€55k	€9k	-
Net result for the period	9904	€121k	€160k	€182k	€116k
Result to be appropriated	9905	€121k	€160k	€182k	€116k

Legal Structure

NACE primary	Mixed farming(01500)
Legal form	Private limited company(610)
Incorporation	22-03-2007
Status	Active
Postal code	6141

Establishment units 1 location

Rue Lieut.Maurice Tasse(FLM) 18, 6141 Fontaine-l'Evêque

NACE 01300

since 20072.226.366.269

Updates 11 events

All 13Financial 2Gazette 1Filings 10

2025

30-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

31-12

Financial Equity above €1MEq €1.05M ▲22.4%

3 profitable years in a row build equity to €1.05M.

29-11

State Gazette act Director changes

Nicolas ROMAIN

04-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 4 days late

2022

31-12

Financial Highest result since 2021net €182k ▲57%

Net result €182k, the highest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

27-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

11-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 11 days late

2019

01-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 1 day late

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

31-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

29-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 29 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

29-11-2023 Change in the board of directors Director changes·Nicolas ROMAIN

Notary: Nicolas ROMAIN · Anderlues

Original publication ↗

Technical details

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    },
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      "kind": "substantive_delegation",
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      "reason": null,
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        "country": "BE",
        "legal_form": "SRL"
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    {
      "kind": "substantive_delegation",
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      "person": {
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      "reason": null,
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  "notary": {
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    "is_associated": false
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  "act_meta": {
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Mixed farming01500

Names & trade names

Legal nameFR

DE KEYSER AGRI

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