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KELYS

Active
Private limited companyfounded 200125 years activeAvenue Prof. Henrijean 63, 4900 Spa, BelgiumKBO/BCE: BE 0473.849.057
Summary

KELYS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €49,261 and a net result of €9,645. Equity is growing by about 41% per year across the filed fiscal years. Its solvency ranks better than 45% of 2,471 sector peers (NACE 90, fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Performing arts by artistic ensembles
NACE 90202
1 site
Size
€112,079total assets 2024
Equity
€49,261
Profit
€9,645
Turnover not published (micro schema)
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Accounts 70 days overdue0 of 2 deeds read
Why 55raises riskCapped at 59: a confirmed filing findingFigures for FY 2024 (filed 14-11-2025)1 financial year not filed after the legal deadline; latest accounts 104 days late; 3 of the last 3 latelowers riskSector Arts creation and performing arts activities (NACE 90)Founded in 2001Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 50% of its sector peers (NACE 90, micro)
A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 69+3
equity 44.0% of total assets
Liquidity 30-15
short-term debt 55.9% · cash 6.9%
Profitability 80+6
return on assets 8.6%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,410 companies)
Last 24 months 11-2024: 0.6% 12-2024: 0.2%▼ -0.4 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.4%▲ +0.1 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.5%▲ +0.1 percentage points vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.4%▼ -0.1 percentage points vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026 09-2026: 0.8%▲ +0.1 percentage points vs 08-2026 10-2026: 0.9%▲ +0.1 percentage points vs 09-2026highest value
Credit up to €2,500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.69 against 1.69 in 2023; short-term debt: 55.9% and cash: 6.9% of total assets), but 56% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro): better than 47% on solvency, 17% on liquidity, 61% on profitability and 73% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk
raises risk · Figures for FY 2024 (filed 14-11-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 104 days late; 3 of the last 3 late
NBB · filings
lowers risk · Sector Arts creation and performing arts activities (NACE 90)
KBO
lowers risk · Founded in 2001
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-11-2025, 104 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
104 days late
2023
92 days late
2022
32 days late
2021
31 days late
2020
90 days late
2019
94 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 74 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Weakest financial yearnet €3,989 ▼52.4%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
  • Positive: 7 profitable years in a rowprofit 2024: €9,645 7 years View
  • Active since 2001founded 18-01-2001 25 years View

By topic

Financials

Fiscal year
2024
Total assets
€112,079
Profit
€9,645
Solvency
44.0%
Total assets▲ 15.1%
Net result
20182024
Go to Financials

Timeline

Events
25
Since
2003
  1. 01-09-2023Annual accounts filed
  2. 31-08-2022Annual accounts filed
  3. 31-12-2021Highest result from 2018 to 2024
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Performing arts by artistic ensemblesNACE 90202
Founded
18-01-2001
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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