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Doc Keil

Active
Private limited companyfounded 20205 yrs activeFloréallaan 156, 1180 Ukkel, BelgiumKBO/BCE: BE 0757.585.737
Summary

The computed 12-month bankruptcy probability of Doc Keil is 7.0% (elevated). The 2024 annual accounts show negative equity (-€550,272) and a net result of -€125,245. Equity is shrinking by ~40% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability11=
Solvency0▼-5
Growth32=
Track record94
Bankruptcy probability, 12 months
7.0% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 16.99 in 2023; short-term debt: 2.6% and cash: 0% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-26.8%
Return on assets
-6.1%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€550,272
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
76 d late
2023
82 d late
2022
66 d late
2021
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 64 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 October 2020, Doc Keil was incorporated as a Private limited company.1 Total assets went from EUR 2.2 million in 2021 to EUR 2.1 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€125,245▲ 9.0%
2023 · -€137,632
Working capital
-€27,127
2023 · €1,983
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result-€109,362--€108,825▲ 0.5%-€103,168▲ 5.2%-€90,153▲ 12.6%
Net result-€109,401--€178,994▼ 63.6%-€137,632▲ 23.1%-€125,245▲ 9.0%
Equity-€108,401--€287,395▼ 165%-€425,027▼ 47.9%-€550,272▼ 29.5%
Total assets€2.2m-€2.1m▼ 2.4%€2.1m▼ 2.6%€2.1m▼ 1.6%
Debt€2.3m-€2.4m▲ 5.5%€2.5m▲ 3.4%€2.6m▲ 3.7%
Working capital€491-€4,852▲ 888%€1,983▼ 59.1%-€27,127
Result per fiscal year
Operating resultNet result
-€200,000-€150,000-€100,000-€50,000€0Operating result 2021: -€109,362-€109,362Net result 2021: -€109,401-€109,401Operating result 2022: -€108,825-€108,825Net result 2022: -€178,994-€178,994Operating result 2023: -€103,168-€103,168Net result 2023: -€137,632-€137,632Operating result 2024: -€90,153-€90,153Net result 2024: -€125,245-€125,2452021202220232024-€200,000-€150,000-€100,000-€50,000€0Operating result 2022: -€108,825-€109,000Net result 2022: -€178,994-€179,000Operating result 2023: -€103,168-€103,000Net result 2023: -€137,632-€138,000Operating result 2024: -€90,153-€90,200Net result 2024: -€125,245-€125,000202220232024
The operating result stays negative: a loss of €90,153 in 2024 against €103,168 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets €2.0m ▼ 2.8%
Current assets €27,053 ▲ 1,184%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€31,869▲
2023 · -€50,328
Cash flow
-€66,961▲
2023 · -€84,792
Solvency
-26.8%▼
2023 · -20.3%
Current ratio
0.50▼
2023 · 16.99
Debt to equity
-4.74▲
2023 · -5.92
ROA
-6.1%▲
2023 · -6.6%
Interest coverage
-0.91▲
2023 · -1.46
Debt ≤ 1 year
€54,180▲
2023 · €124
Debt > 1 year
€2.4m▲
2023 · €2.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,171 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a small loss
1.7% went bankrupt
2.6% stopped otherwise
95% still going

A further 1.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 7.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,171 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.1m€2.1m▼
Fixed assets21/28€2.1m€2.0m▼
Tangible fixed assets22/27€2.1m€2.0m▼
Land and buildings22€2.1m€2.0m▼
Current assets29/58€2,107€27,053▲
Amounts receivable after more than one year29€1,007€1,966▲
Trade receivables290€1,007€1,966▲
Amounts receivable within one year40/41€450€890▲
Other amounts receivable41€450€890▲
Cash at bank and in hand54/58€650€197▼
Deferred charges and accrued income490/1-€24,000
Equity and liabilities
Total equity and liabilities10/49€2.1m€2.1m▼
Equity10/15-€425,027-€550,272▼
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14-€426,027-€551,272▼
Amounts payable17/49€2.5m€2.6m▲
Amounts payable after more than one year17€2.4m€2.4m▲
Other amounts payable178/9€2.4m€2.4m▲
Amounts payable within one year42/48€124€54,180▲
Trade debts44€124€54,180▲
Suppliers440/4€124€54,180▲
Accrued charges and deferred income492/3€104,753€139,604▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52,840€58,284▲
Other operating charges640/8€50,046€54,104▲
Gross operating margin9900-€282€22,235▲
Operating profit (loss)9901-€103,168-€90,153▲
Financial charges65/66B€34,464€35,092▲
Recurring financial charges65€34,464€35,092▲
Profit (loss) for the period before taxes9903-€137,632-€125,245▲
Profit (loss) for the period9904-€137,632-€125,245▲
Profit (loss) for the period to be appropriated9905-€137,632-€125,245▲
Appropriation of the result
Profit (loss) to be appropriated9906-€426,027-€551,272▼
Profit (loss) brought forward from the previous period14P-€288,395-€426,027▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63,798€58,216€52,840€58,284▲ 10.3%
Other operating charges640/8€43,892€48,416€50,046€54,104▲ 8.1%
Gross operating margin9900-€1,672-€2,193-€282€22,235▲ 7,985%
Operating profit (loss)9901-€109,362-€108,825-€103,168-€90,153▲ 12.6%
Financial charges65/66B€39€70,169€34,464€35,092▲ 1.8%
Recurring financial charges65€39€70,169€34,464€35,092▲ 1.8%
Profit (loss) for the period before taxes9903-€109,401-€178,994-€137,632-€125,245▲ 9.0%
Profit (loss) for the period9904-€109,401-€178,994-€137,632-€125,245▲ 9.0%
Profit (loss) for the period to be appropriated9905-€109,401-€178,994-€137,632-€125,245▲ 9.0%
Line2021202220232024Change
Assets
Total assets20/58€2.2m€2.1m€2.1m€2.1m▼ 1.6%
Fixed assets21/28€2.2m€2.1m€2.1m€2.0m▼ 2.8%
Tangible fixed assets22/27€2.2m€2.1m€2.1m€2.0m▼ 2.8%
Land and buildings22€2.2m€2.1m€2.1m€2.0m▼ 2.8%
Current assets29/58€747€4,935€2,107€27,053▲ 1,184%
Amounts receivable after more than one year29--€1,007€1,966▲ 95.2%
Trade receivables290--€1,007€1,966▲ 95.2%
Amounts receivable within one year40/41€265€326€450€890▲ 97.8%
Other amounts receivable41€265€326€450€890▲ 97.8%
Cash at bank and in hand54/58€482€4,609€650€197▼ 69.7%
Deferred charges and accrued income490/1---€24,000-
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.1m€2.1m€2.1m▼ 1.6%
Equity10/15-€108,401-€287,395-€425,027-€550,272▼ 29.5%
Contributions10/11€1,000€1,000€1,000€1,000=
Profit (loss) carried forward14-€109,401-€288,395-€426,027-€551,272▼ 29.4%
Amounts payable17/49€2.3m€2.4m€2.5m€2.6m▲ 3.7%
Amounts payable after more than one year17€2.3m€2.4m€2.4m€2.4m▲ 0.1%
Other amounts payable178/9€2.3m€2.4m€2.4m€2.4m▲ 0.1%
Amounts payable within one year42/48€256€83€124€54,180▲ 43,594%
Trade debts44€256€83€124€54,180▲ 43,594%
Suppliers440/4€256€83€124€54,180▲ 43,594%
Accrued charges and deferred income492/3€43,566€70,130€104,753€139,604▲ 33.3%
Line2021202220232024Change
Profit (loss) for the period9904-€109,401-€178,994-€137,632-€125,245▲ 9.0%
+ Depreciation and write-downs630€63,798€58,216€52,840€58,284▲ 10.3%
Operating cash flow (approximation)-€45,603-€120,778-€84,792-€66,961▲ 21.0%
Investment in fixed assets (approximation)--€2,074€0€0-
Change in cash-€4,127-€3,959-€453▲ 88.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
15-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 76 days late
2024
21-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 82 days late
2023
05-10
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 66 days late
2022
31-12
Financial Weakest financial yearnet -€178,994
Net result drops to -€178,994, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 20current ratio 59.46
Current ratio from 2.92 to 59.46; short-term debt falls from €256 to €83.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
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, Ukkel · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
853 m²
Building footprint
722 m²
Volume, LiDAR
13,284 m³
2 parcels, Brussels · tallest building 39.2 m, ±6 floors. Linked by address, not a title deed.
67 companies at this address See who is registered here
1 establishment unit
Louizalaan 401, 1050 Elsene
Real estate activities
since 20202.309.258.511
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0210/00Z002 Brussels 482 m² 1 · 470 m² 39.2 m · 4 fl.
21016B0215/00Y002 Brussels 370 m² 1 · 252 m² 20.5 m · 6 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.

Structure & network

Part of the group WORKWAYS 11 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. WORKWAYS 98.25%
  2. Workways Belgium 100%
  3. Doc Excelsior 100%
  4. Doc Keil

Highest known parent: WORKWAYS. The sources do not say who stands above it.

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded28-10-2020
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0757585737
Also 9925:BE0757585737
Registered 29-01-2026

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.