From the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
KeTco has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €214,389 and a net result of €65,538. Equity is growing by about 46% per year across the filed financial years. Its solvency ranks better than 75% of 10,789 sector peers (NACE 70, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 09-01-2023 Normal situation
- Legal form
- Private limited company
- Registered office
- Meuleken(WAT) 2, 9988 Sint-Laureins
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Establishment unit
- 2.340.283.366 9988 Sint-Laureins, since 09-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Who decides
Board
- LAMBRECHTS Kelsey Alfons AdelineDirector
- Holdings
- Shares in 1 company AIR SEA TRUCKING
How it is doing
Holding: outside the score modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Gross margin
- €65,352
- ▼ 1.4%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €65,538
- ▼ 7.4%
- Equity
- €214,389
- ▲ 44.0%
- Total assets
- €272,176
- ▼ 11.1%
2025 accounts 93 days early
Filed on 29-04-2026PDF
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
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 29-04-2026, 93 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
93 days early
2024
58 days early
2023
61 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 71 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 June (3 of the last 3 filed years within 33 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials · financial year 2025, abbreviated format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 29-04-2026
- Format
- abbreviated format
- Reference
- 2026-00091841
Turnover
≈ €130,000
Estimated: probably between €93,000 and €200,000
Total assets
€272,176▼ 11.1%
2024 · €306,202
Net result
€65,538▼ 7.4%
2024 · €70,751
Working capital
€3,112▼ 88.0%
2024 · €25,957
Trend over the years
2023 to 2025, 3 financial years
The operating result has fallen two years in a row; 2025 is 2% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€55,405
2025
Net result€65,538
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€272,176
2025
Equity€214,389
2025
Debt€57,788
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3,112
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)24.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency78.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.29
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€56,942-€56,581▼ 0.6%€55,405▼ 2.1%
Net result€77,930within the sector's middle half-€70,751within the sector's middle half▼ 9.2%€65,538within the sector's middle half▼ 7.4%
Equity€78,100below the sector's middle half-€148,851within the sector's middle half▲ 90.6%€214,389within the sector's middle half▲ 44.0%
Total assets€293,439below the sector's middle half-€306,202below the sector's middle half▲ 4.3%€272,176within the sector's middle half▼ 11.1%
Debt€215,339-€157,351▼ 26.9%€57,788▼ 63.3%
Working capital€30,657within the sector's middle half-€25,957within the sector's middle half▼ 15.3%€3,112within the sector's middle half▼ 88.0%
Solvency26.6%within the sector's middle half-48.6%within the sector's middle half▲ 22.0pp78.8%within the sector's middle half▲ 30.2pp
Current ratio3.97within the sector's middle half-3.10within the sector's middle half▼ 0.861.29within the sector's middle half▼ 1.81
Return on assets (ROA)26.6%above the sector's middle half-23.1%above the sector's middle half▼ 3.5pp24.1%above the sector's middle half▲ 1.0pp
Staff (FTE)0within the sector's middle half-
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €272,176
Fixed assets
€258,276 ▼ 3.6%
Current assets
€13,900 ▼ 63.7%
Equity and liabilities €272,176
Equity
€214,389 ▲ 44.0%
Debt
€57,788 ▼ 63.3%
Debt's share of the balance-sheet total falls from 51.4% to 21.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
30.6%▼
2024 · 47.5%
Debt ≤ 1 year
€10,788▼
2024 · €12,351
Debt > 1 year
€47,000▼
2024 · €145,000
Income taxes
€14,316▼
2024 · €14,618
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €405 | €9,549 | €9,617 | ▲ 0.7% |
| Other operating charges640/8 | €392 | €180 | €330 | ▲ 83.1% |
| Gross operating margin9900 | €57,739 | €66,310 | €65,352 | ▼ 1.4% |
| Operating profit (loss)9901 | €56,942 | €56,581 | €55,405 | ▼ 2.1% |
| Financial income75/76B | €35,294 | €28,884 | €24,560 | ▼ 15.0% |
| Recurring financial income75 | €35,294 | €28,884 | €24,560 | ▼ 15.0% |
| Financial charges65/66B | - | €96 | €111 | ▲ 16.4% |
| Recurring financial charges65 | - | €96 | €111 | ▲ 16.4% |
| Profit (loss) for the period before taxes9903 | €92,236 | €85,369 | €79,854 | ▼ 6.5% |
| Income taxes67/77 | €14,306 | €14,618 | €14,316 | ▼ 2.1% |
| Profit (loss) for the period9904 | €77,930 | €70,751 | €65,538 | ▼ 7.4% |
| Profit (loss) for the period to be appropriated9905 | €77,930 | €70,751 | €65,538 | ▼ 7.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €293,439 | €306,202 | €272,176 | ▼ 11.1% |
| Fixed assets21/28 | €252,443 | €267,894 | €258,276 | ▼ 3.6% |
| Tangible fixed assets22/27 | €12,443 | €27,894 | €18,276 | ▼ 34.5% |
| Furniture and vehicles24 | - | €16,736 | €8,403 | ▼ 49.8% |
| Other tangible fixed assets26 | €12,443 | €11,158 | €9,873 | ▼ 11.5% |
| Financial fixed assets28 | €240,000 | €240,000 | €240,000 | = |
| Current assets29/58 | €40,996 | €38,308 | €13,900 | ▼ 63.7% |
| Amounts receivable within one year40/41 | - | €12,797 | €1,080 | ▼ 91.6% |
| Trade receivables40 | - | €12,100 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €697 | €1,080 | ▲ 55.0% |
| Cash at bank and in hand54/58 | €30,939 | €25,453 | €9,046 | ▼ 64.5% |
| Deferred charges and accrued income490/1 | €10,057 | €58 | €3,774 | ▲ 65× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €293,439 | €306,202 | €272,176 | ▼ 11.1% |
| Equity10/15 | €78,100 | €148,851 | €214,389 | ▲ 44.0% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €77,100 | €147,851 | €213,389 | ▲ 44.3% |
| Distributable reserves133 | €77,100 | €147,851 | €213,389 | ▲ 44.3% |
| Profit (loss) carried forward14 | €0 | €0 | - | - |
| Amounts payable17/49 | €215,339 | €157,351 | €57,788 | ▼ 63.3% |
| Amounts payable after more than one year17 | €205,000 | €145,000 | €47,000 | ▼ 67.6% |
| Financial debts170/4 | €205,000 | €145,000 | €47,000 | ▼ 67.6% |
| Amounts payable within one year42/48 | €10,339 | €12,351 | €10,788 | ▼ 12.7% |
| Trade debts44 | €2,086 | €2,029 | €4,493 | ▲ 121% |
| Suppliers440/4 | €2,086 | €2,029 | €4,493 | ▲ 121% |
| Taxes, remuneration and social security45 | €6,422 | €9,072 | €4,975 | ▼ 45.2% |
| Taxes450/3 | €6,422 | €9,072 | €4,975 | ▼ 45.2% |
| Other amounts payable47/48 | €1,831 | €1,250 | €1,320 | ▲ 5.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,930 | €70,751 | €65,538 | ▼ 7.4% |
| + Depreciation and write-downs630 | €405 | €9,549 | €9,617 | ▲ 0.7% |
| Operating cash flow (approximation) | €78,334 | €80,300 | €75,155 | ▼ 6.4% |
| Investment in fixed assets (approximation) | - | -€25,000 | €0 | - |
| Change in cash | - | -€5,486 | -€16,407 | ▼ 199% |
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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Of the 82,504 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,656. 40,707 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, no change since 2023
LAMBRECHTS Kelsey Alfons Adeline
Current
Director (not named in the articles) · appointed in the act of 11-01-2023 · in the 2025 annual accounts, filed on 29-04-2026
Mandate history
1 person, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| LAMBRECHTS Kelsey Alfons Adeline |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 11-01-2023
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 11-01-2023 ↗
- LAMBRECHTS Kelsey Alfons Adeline 1,000 shares (100%) · €1,000
Capital over the years
- 11-01-2023 Incorporation · €1,000 · 1,000 shares
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Geheel van bevoegdheden van bestuurders aan hem toegekend, bevoegdheden bestuursorgaan bij één bestuurder”Other provision: “Bestuursorgaan of commissaris, buitengewone algemene vergadering”Other provision: “Bestemming winst-reserves, helft gereserveerd,helft uitgekeerd”Other provision: “Uitwerking slot- en overgangsbepalingen, eenparig door comparanten”2 more provisions in the deed, see the deed of 11-01-2023
Articles of association, deed of 11-01-2023 (in Dutch)
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
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Board mandates elsewhere
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
29-04
financial year 2025 · abbreviated format
2025
31-12
Financial
Equity above €200,000equity €214,389 ▲44%
A profit in every financial year since 2023 builds equity to €214,389.
03-06
financial year 2024 · abbreviated format
2024
31-12
Financial
Equity above €100,000equity €148,851 ▲90.6%
A profit in every financial year since 2023 builds equity to €148,851.
31-05
financial year 2023 · abbreviated format
2023
11-01
Gazette deed
IncorporationAppointment: LAMBRECHTS Kelsey Alfons Adeline (director) · Founder · Founding capital13 facts ▸
Gazette deed
Incorporation
Appointment: LAMBRECHTS Kelsey Alfons Adeline (director) · Founder · Founding capital13 facts ▸
- Incorporation, “KeTco” (deed in Dutch)
- Founder, LAMBRECHTS Kelsey Alfons Adeline
- Other provision, “financieel plan en aansprakelijkheidsvoorlichting, aansprakelijkheid van de oprichter in geval van faillissement binnen drie jaar na oprichting indien aanvangsv…” (deed in Dutch)
- Founding capital, €1,000
- Other provision, “bepalingen van het Wetboek van vennootschappen en verenigingen, bevestiging deponering” (deed in Dutch)
- Registered office clause, “9988 Sint-Laureins,Meuleken 2” (deed in Dutch)
- Board rule, 1
- Director appointment, LAMBRECHTS Kelsey Alfons Adeline (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Other provision, “kosten en verklaringen van de partijen” (deed in Dutch)
- Other provision, “UBO-register, toereikende,accurate en actuele informatie over uiteindelijke begunstigden” (deed in Dutch)
- Other provision, “enige bestuurder, UBO-melding door enige bestuurder” (deed in Dutch)
- +1 further fact in this act
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
KeTco in Dutch
Enterprise number
0795.890.542
Legal form
Private limited company
Status
Active, normale toestand
Founded
09-01-2023
Type
Legal entity
Where it is based
Registered office
Meuleken(WAT) 2, 9988 Sint-Laureins, Belgium
Establishments
1 establishment unit since 2023
What it does
NACEBEL 202570200
Business and other management consultancy main activity
64210
Activities of holding companies
82100
Office administrative and support services
82990
Other business support services
Invoicing and payment
VAT number
BE 0795.890.542
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Scores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of May at 10:00
Articles of association, deed of 11-01-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
Registered office and establishments
1 establishment unit
KeTco
since 2023unit no. 2.340.283.366
Buildings and parcels at the address
Ground area
782 m²
Building footprint
92 m²
Building volume
490 m³
Parcel 43017A0319/00D000, Flanders · tallest building 7.1 m.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 43017A0319/00D000 | Flanders | 782 m² | 1 · 92 m² | 7.1 m · 2 |