DE KEYSER CONSTRUCT
ActiveDE KEYSER CONSTRUCT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €18k. Equity is shrinking by ~47.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 7448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+93
Solvency12▼-11
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.89 in 2024), and 90.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
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
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
9.5%
Return on assets
2.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7448 sector peers (2025).
NBB · sector comparisonPosition among 7448 sector peers
Solvency
better than 12%
← weakest
strongest →
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
15 d early
2023
23 d early
2022
42 d early
2021
39 d early
2020
36 d early
2019
39 d early
← 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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€77k▼ 49.8%
2024 · €154k
2022: €490k
2023: €462k
2024: €154k
2022 → 2025
Total assets
€813k▲ 6.8%
2024 · €762k
2022: €1.71M
2023: €1.48M
2024: €762k
2022 → 2025
Net result
€18k▲ 780%
2024 · €2k
2022: €53k
2023: €-27k
2024: €2k
2022 → 2025
Working capital
€-153k▼ 192%
2024 · €-52k
2022: €177k
2023: €237k
2024: €-52k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€490k-€462k▼ 5.6%€154k▼ 66.7%€77k▼ 49.8%
Operating result€91k-€10k▼ 88.6%€34k▲ 226%€53k▲ 55.9%
Net result€53k-€-27k€2k€18k▲ 780%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €813k
Fixed assets
€295k▼ 7.5%
Current assets
€518k▲ 17.0%
Equity and liabilities €813k
Equity
€77k▼ 49.8%
Debt
€736k▲ 21.1%
The debt ratio rises from 79.8% to 90.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€114k▲
2024 · €98k
Cash flow
€79k▲
2024 · €66k
Solvency
9.5%▼
2024 · 20.2%
Current ratio
0.77▼
2024 · 0.89
Quick ratio
0.74▲
2024 · 0.63
Debt / equity
9.52▲
2024 · 3.94
ROE
23.3%▲
2024 · 1.3%
ROA
2.2%▲
2024 · 0.3%
Interest coverage
6.14▲
2024 · 4.37
Debt
€736k▲
2024 · €608k
Debt ≤ 1 year
€671k▲
2024 · €495k
Debt > 1 year
€65k▼
2024 · €113k
Income taxes
€17k▲
2024 · €10k
Staff costs
€239k▼
2024 · €271k
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
Total assets
20/58€762k€813k▲
Fixed assets
21/28€319k€295k▼
Tangible fixed assets
22/27€312k€295k▼
Financial fixed assets
28€7k€345▼
Current assets
29/58€443k€518k▲
Stocks & contracts in progress
3€130k€25k▼
Amounts receivable within one year
40/41€238k€322k▲
Cash & bank
54/58€73k€170k▲
Total equity & liabilities
10/49€762k€813k▲
Equity
10/15€154k€77k▼
Contributions / capital
10/11€19k€19k=
Reserves
13€163k€86k▼
Accumulated profits (losses)
14€-27k€-27k=
Amounts payable
17/49€608k€736k▲
Amounts payable after one year
17€113k€65k▼
Amounts payable within one year
42/48€495k€671k▲
Trade debts payable within one year
44€73k€113k▲
Income statement
Code20242025
Gross operating margin
9900€401k€443k▲
Operating result
9901€34k€53k▲
Financial income
75€1k€383▼
Financial charges
65€23k€19k▼
Result before taxes
9903€12k€35k▲
Income taxes
67/77€10k€17k▲
Net result for the period
9904€2k€18k▲
Result to be appropriated
9905€2k€18k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
20-03
State Gazette act
Publication
Act object · Deed date · General meeting · Liquidation closure
2025
16-12
State Gazette act
Director changes
v3.2
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-27k ▼151%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
18-12
State Gazette act
Director changes
v3.2
06-07
State Gazette act
Registered-office change
v3.2
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-12
State Gazette act
Statutes amendment
v3.2
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2014
20-02
State Gazette act
Statutes amendment
v3.2
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
6 of 6 acts read
Directors · office · real estate
Directors
2 directors, no change since 2025
Jozef De Keyser
CurrentDirector · since 01-09-2025
01-12-2025
Brent De Keyser: Resigned as Director
01-09-2025
Jozef De Keyser: Appointed as Director
31-10-2023
Brent De Keyser: Resigned as Director
Location & real-estate footprint
Registered office, Rijkevorsel · 1 establishment unit since 1997
Ground area
2.1 ha
Building footprint
603 m²
Volume, LiDAR
4,034 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE KEYSER CONSTRUCT
since 19972.082.124.695
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13502D0186/00C000 | Flanders | 1.8 ha | - | - |
| 13502D0014/00L000 | Flanders | 2,504 m² | 1 · 603 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
DE SAEGHER CONSTRUCTION
BE 0700.640.304
Lokeren · Eq €77k
Yovato
BE 0541.538.627
Aartselaar · Eq €77k
D & P MEUWISSEN
BE 0463.721.564
Diepenbeek · Eq €77k
P & T Algemene Bouw
BE 0756.483.796
Oostende · Eq €77k
Pieters - Goossens
BE 0789.644.435
Dendermonde · Eq €77k
Of 20,037 companies in sector 43320 we hold annual accounts for 8,880. 7,467 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-1997
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
45422
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 6 actsNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 18-07-2026. Scores and ratios are computed by Checked and are not a credit decision.