GOLDEN KEY CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GOLDEN KEY CONSTRUCT is 5.1% (elevated). For GOLDEN KEY CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €1,180 and a net result of -€9,131. Equity is shrinking by ~57.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2024. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability11▼-41
Solvency25▼-2
Growth22▼-10
Track record100
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 2023Solvency, return and age of the figures
Solvency
0.3%
Return on assets
-2.3%
Age of the figures
39 mo
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 dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 21-05-2024, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
111 d late
2022
476 d late
2021
841 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 476 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)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€20,000▼ 81.7%
2022 · €109,447
EBIT margin
-45.6%▼ 43.4pp
2022 · -2.2%
Net result
-€9,131▼ 244%
2022 · -€2,651
Working capital
€1,180▼ 82.1%
2022 · €6,589
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
Line202120222023
Turnover€109,447€20,000▼ 81.7%
Operating result€10,032--€2,440-€9,130▼ 274%
Net result€7,962--€2,651-€9,131▼ 244%
EBIT margin-2.2%-45.6%▼ 43.4pp
Equity€12,962-€10,311▼ 20.5%€1,180▼ 88.6%
Total assets€438,407-€415,473▼ 5.2%€394,142▼ 5.1%
Debt€425,445-€405,162▼ 4.8%€392,962▼ 3.0%
Working capital€5,604-€6,589▲ 17.6%€1,180▼ 82.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,130 in 2023 against €2,440 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €394,142
Equity
€1,180 ▼ 88.6%
Debt
€392,962 ▼ 3.0%
Debt's share of the balance-sheet total rises from 97.5% to 99.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,407▼
2022 · €1,196
Cash flow
-€5,409▼
2022 · €985
Current ratio
1.00▼
2022 · 1.02
Quick ratio
0.55▼
2022 · 0.57
ROE
-774.0%▼
2022 · -25.7%
ROA
-2.3%▼
2022 · -0.6%
Interest coverage
-2970.98▼
2022 · 5.67
Debt ≤ 1 year
€392,962▼
2022 · €405,162
A ratio outside any meaningful range has been withheld (balance sheet total €394,142, equity €1,180).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Turnover70 | - | €109,447 | €20,000 | ▼ 81.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €107,862 | €25,300 | ▼ 76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,635 | €3,636 | €3,722 | ▲ 2.4% |
| Other operating charges640/8 | €21,725 | €389 | €107 | ▼ 72.4% |
| Gross operating margin9900 | €35,392 | €1,584 | -€5,300 | ▼ 435% |
| Operating profit (loss)9901 | €10,032 | -€2,440 | -€9,130 | ▼ 274% |
| Financial charges65/66B | €79 | €211 | €2 | ▼ 99.1% |
| Recurring financial charges65 | €79 | €211 | €2 | ▼ 99.1% |
| Profit (loss) for the period before taxes9903 | €9,953 | -€2,651 | -€9,131 | ▼ 244% |
| Income taxes67/77 | €1,991 | - | - | - |
| Profit (loss) for the period9904 | €7,962 | -€2,651 | -€9,131 | ▼ 244% |
| Profit (loss) for the period to be appropriated9905 | €7,962 | -€2,651 | -€9,131 | ▼ 244% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €438,407 | €415,473 | €394,142 | ▼ 5.1% |
| Fixed assets21/28 | €7,358 | €3,722 | - | - |
| Tangible fixed assets22/27 | €7,358 | €3,722 | - | - |
| Furniture and vehicles24 | €7,358 | €3,722 | - | - |
| Current assets29/58 | €431,049 | €411,750 | €394,142 | ▼ 4.3% |
| Stocks and contracts in progress3 | €228,977 | €179,030 | €179,030 | = |
| Stocks30/36 | €90,000 | €90,000 | €90,000 | = |
| Contracts in progress37 | €138,977 | €89,030 | €89,030 | = |
| Amounts receivable within one year40/41 | €170,529 | €232,720 | €214,570 | ▼ 7.8% |
| Trade receivables40 | €126,443 | €212,794 | €207,208 | ▼ 2.6% |
| Other amounts receivable41 | €44,085 | €19,926 | €7,363 | ▼ 63.0% |
| Cash at bank and in hand54/58 | €31,544 | €1 | €542 | ▲ 54,092% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €438,407 | €415,473 | €394,142 | ▼ 5.1% |
| Equity10/15 | €12,962 | €10,311 | €1,180 | ▼ 88.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €7,962 | €5,311 | -€3,820 | ▼ 172% |
| Amounts payable17/49 | €425,445 | €405,162 | €392,962 | ▼ 3.0% |
| Amounts payable within one year42/48 | €425,445 | €405,162 | €392,962 | ▼ 3.0% |
| Trade debts44 | €214,412 | €156,422 | €141,908 | ▼ 9.3% |
| Suppliers440/4 | €136,452 | €140,822 | €139,807 | ▼ 0.7% |
| Bills of exchange payable441 | €77,960 | €15,601 | €2,101 | ▼ 86.5% |
| Taxes, remuneration and social security45 | €1,991 | €3,104 | €3,104 | = |
| Taxes450/3 | €1,991 | €3,104 | €3,104 | = |
| Other amounts payable47/48 | €209,042 | €245,635 | €247,950 | ▲ 0.9% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,962 | -€2,651 | -€9,131 | ▼ 244% |
| + Depreciation and write-downs630 | €3,635 | €3,636 | €3,722 | ▲ 2.4% |
| Operating cash flow (approximation) | €11,598 | €985 | -€5,409 | ▼ 649% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | -€31,543 | €541 | ▲ 102% |
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
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 111 days late
21-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 476 days late
21-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 841 days late
2023
30-06
Financial
Weakest financial yearnet -€9,131
Net result drops to -€9,131, the lowest in the series.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Hoegaarden · 1 establishment unit since 2020
Ground area
694 m²
Building footprint
106 m²
Volume, LiDAR
726 m³
Parcel 24041B0590/00L000, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GOLDEN KEY CONSTRUCT
since 20202.301.513.258
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24041B0590/00L000 | Flanders | 694 m² | 1 · 106 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded24-01-2020
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.