Summary
KECO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €64,235 and a net result of -€142,883. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 80% of 8091 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
3 d early
2021
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average on the deadline day; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€64,235▼ 69.0%
2024 · €207,118
Net result
-€142,883
2024 · €55,414
Total assets
€77,914▼ 69.2%
2024 · €253,290
Solvency
82.4%▲ 0.7pp
2024 · 81.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,687-€75,405▲ 131%€46,779▼ 38.0%€82,417▲ 76.2%-€141,891
Net result€20,847within the sector's middle half-€50,817within the sector's middle half▲ 144%€30,273within the sector's middle half▼ 40.4%€55,414within the sector's middle half▲ 83.0%-€142,883below the sector's middle half
Equity€73,880within the sector's middle half-€124,697within the sector's middle half▲ 68.8%€153,370within the sector's middle half▲ 23.0%€207,118within the sector's middle half▲ 35.0%€64,235within the sector's middle half▼ 69.0%
Total assets€180,331within the sector's middle half-€193,169within the sector's middle half▲ 7.1%€180,153within the sector's middle half▼ 6.7%€253,290within the sector's middle half▲ 40.6%€77,914below the sector's middle half▼ 69.2%
Debt€106,450-€68,472▼ 35.7%€26,783▼ 60.9%€46,171▲ 72.4%€13,679▼ 70.4%
Working capital-€858within the sector's middle half-€59,420within the sector's middle half€79,514within the sector's middle half▲ 33.8%€138,243within the sector's middle half▲ 73.9%€6,998within the sector's middle half▼ 94.9%
Solvency41.0%within the sector's middle half-64.6%within the sector's middle half▲ 23.6pp85.1%above the sector's middle half▲ 20.6pp81.8%above the sector's middle half▼ 3.4pp82.4%above the sector's middle half▲ 0.7pp
Current ratio0.99within the sector's middle half-1.87within the sector's middle half▲ 0.883.97within the sector's middle half▲ 2.103.99within the sector's middle half▲ 0.031.51within the sector's middle half▼ 2.48
Return on assets (ROA)11.6%within the sector's middle half-26.3%above the sector's middle half▲ 14.7pp16.8%within the sector's middle half▼ 9.5pp21.9%within the sector's middle half▲ 5.1pp-183.4%below the sector's middle half▼ 205.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €141,891 after €82,417 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77,914
Fixed assets
€57,237 ▼ 16.9%
Current assets
€20,677 ▼ 88.8%
Equity and liabilities €77,914
Equity
€64,235 ▼ 69.0%
Debt
€13,679 ▼ 70.4%
Debt's share of the balance-sheet total falls from 18.2% to 17.6%. Equity and debt are lower.
Key figures and ratios
ROE
-222.4%▼
2024 · 26.8%
Debt ≤ 1 year
€13,679▼
2024 · €46,171
Income taxes
€232▼
2024 · €25,390
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,164 | €9,888 | €8,455 | €11,190 | €11,639 | ▲ 4.0% |
| Other operating charges640/8 | - | €2,167 | €866 | €832 | €1,031 | ▲ 24.0% |
| Gross operating margin9900 | €45,129 | €87,460 | €56,100 | €94,438 | -€129,221 | ▼ 237% |
| Operating profit (loss)9901 | €32,687 | €75,405 | €46,779 | €82,417 | -€141,891 | ▼ 272% |
| Financial income75/76B | - | €1 | €18 | €745 | €945 | ▲ 26.9% |
| Recurring financial income75 | €3 | €1 | €18 | €745 | €945 | ▲ 26.9% |
| Financial charges65/66B | - | €2,847 | €1,760 | €2,357 | €1,705 | ▼ 27.7% |
| Recurring financial charges65 | €2,149 | €2,847 | €1,760 | €2,357 | €1,705 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €30,541 | €72,559 | €45,037 | €80,805 | -€142,651 | ▼ 277% |
| Income taxes67/77 | €9,694 | €21,742 | €14,764 | €25,390 | €232 | ▼ 99.1% |
| Profit (loss) for the period9904 | €20,847 | €50,817 | €30,273 | €55,414 | -€142,883 | ▼ 358% |
| Profit (loss) for the period to be appropriated9905 | €20,847 | €50,817 | €30,273 | €55,414 | -€142,883 | ▼ 358% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €180,331 | €193,169 | €180,153 | €253,290 | €77,914 | ▼ 69.2% |
| Fixed assets21/28 | €75,466 | €65,578 | €73,856 | €68,876 | €57,237 | ▼ 16.9% |
| Tangible fixed assets22/27 | €75,466 | €65,578 | €73,856 | €68,876 | €57,237 | ▼ 16.9% |
| Land and buildings22 | - | €3,124 | €2,774 | €2,424 | €2,074 | ▼ 14.4% |
| Furniture and vehicles24 | - | €17,078 | €29,213 | €28,040 | €20,208 | ▼ 27.9% |
| Other tangible fixed assets26 | - | €45,376 | €41,869 | €38,412 | €34,955 | ▼ 9.0% |
| Current assets29/58 | €104,865 | €127,591 | €106,296 | €184,414 | €20,677 | ▼ 88.8% |
| Amounts receivable within one year40/41 | €96,310 | €119,970 | €81,017 | €43,294 | €6,949 | ▼ 83.9% |
| Trade receivables40 | - | €110,021 | €77,761 | €27,687 | €6,000 | ▼ 78.3% |
| Other amounts receivable41 | - | €9,948 | €3,256 | €15,606 | €949 | ▼ 93.9% |
| Current investments50/53 | - | - | €0 | - | - | - |
| Cash at bank and in hand54/58 | €6,760 | €5,688 | €23,329 | €138,545 | €11,030 | ▼ 92.0% |
| Deferred charges and accrued income490/1 | - | €1,933 | €1,951 | €2,575 | €2,698 | ▲ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €180,331 | €193,169 | €180,153 | €253,290 | €77,914 | ▼ 69.2% |
| Equity10/15 | €73,880 | €124,697 | €153,370 | €207,118 | €64,235 | ▼ 69.0% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €72,880 | €123,697 | €152,370 | €206,118 | €180,569 | ▼ 12.4% |
| Distributable reserves133 | - | €123,697 | €152,370 | €206,118 | €180,569 | ▼ 12.4% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | -€117,334 | - |
| Amounts payable17/49 | €106,450 | €68,472 | €26,783 | €46,171 | €13,679 | ▼ 70.4% |
| Amounts payable after more than one year17 | €164 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €105,723 | €68,171 | €26,783 | €46,171 | €13,679 | ▼ 70.4% |
| Current portion of amounts payable after more than one year42 | - | €164 | €0 | - | - | - |
| Financial debts43 | - | €22,102 | €912 | €791 | €2,314 | ▲ 193% |
| Credit institutions430/8 | - | €22,102 | €912 | €791 | €2,314 | ▲ 193% |
| Trade debts44 | €63,064 | €2,395 | €547 | €3,883 | €3,015 | ▼ 22.4% |
| Suppliers440/4 | - | €2,395 | €547 | €3,883 | €3,015 | ▼ 22.4% |
| Taxes, remuneration and social security45 | - | €37,441 | €23,724 | €39,831 | €3,093 | ▼ 92.2% |
| Taxes450/3 | - | €37,441 | €23,724 | €39,831 | €3,093 | ▼ 92.2% |
| Other amounts payable47/48 | - | €6,070 | €1,600 | €1,666 | €5,257 | ▲ 216% |
| Accrued charges and deferred income492/3 | - | €301 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,847 | €50,817 | €30,273 | €55,414 | -€142,883 | ▼ 358% |
| + Depreciation and write-downs630 | €9,164 | €9,888 | €8,455 | €11,190 | €11,639 | ▲ 4.0% |
| Operating cash flow (approximation) | €30,011 | €60,705 | €38,728 | €66,604 | -€131,245 | ▼ 297% |
| Investment in fixed assets (approximation) | - | €0 | -€16,733 | -€6,209 | €0 | ▲ 100% |
| Change in cash | - | -€1,072 | €17,641 | €115,216 | -€127,515 | ▼ 211% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€142,883
Net result drops to -€142,883, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2021net €55,414 ▲83%
Operating result €82,417, net result €55,414, both a record.
31-03
Financial
Equity above €200,000Eq €207,118 ▲35%
4 profitable years in a row build equity to €207,118.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 3.97
Current ratio from 1.87 to 3.97; short-term debt falls from €68,171 to €26,783.
31-03
Financial
Equity above €150,000Eq €153,370 ▲23%
3 profitable years in a row build equity to €153,370.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €100,000Eq €124,697 ▲68.8%
2 profitable years in a row build equity to €124,697.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 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, Laarne · 1 establishment unit since 2012
Ground area
999 m²
Building footprint
170 m²
Volume, LiDAR
778 m³
Parcel 42010B0198/00W000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KECO
since 20122.213.725.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010B0198/00W000 | Flanders | 999 m² | 1 · 169 m² | 7.0 m · 2 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 11,149 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-2012
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849131070
Also
9925:BE0849131070
Registered
19-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.