KEY BUILD
Open bankruptcyA bankruptcy procedure is open for KEY BUILD according to publications in the Belgian State Gazette; curator: LIEVE TEINTENIER.
Summary
The file additionally contains 2 judicial reorganisations. The 2022 annual accounts show negative equity (€-456k) and a net result of €-378k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-10-2023, 80 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
80 d late
2021
85 d late
2020
69 d early
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€-456k▼ 489%
2021 · €-77k
2019: €44k
2020: €32k
2021: €-77k
2019 → 2022
Total assets
€602k▲ 17.4%
2021 · €513k
2019: €77k
2020: €33k
2021: €513k
2019 → 2022
Net result
€-378k▼ 137%
2021 · €-160k
2019: €2k
2020: €-12k
2021: €-160k
2019 → 2022
Working capital
€-737k▼ 1,074%
2021 · €-63k
2019: €37k
2020: €32k
2021: €-63k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€44k-€32k▼ 26.7%€-77k€-456k▼ 489%
Operating result€517-€-7k€-146k▼ 2,140%€-334k▼ 129%
Net result€2k-€-12k€-160k▼ 1,258%€-378k▼ 137%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €334k in 2022 against €146k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €602k
Fixed assets
€306k ▲ 2,857%
Current assets
€296k ▼ 41.1%
Key figures and ratios
EBITDA
€-312k▼
2021 · €-141k
Cash flow
€-356k▼
2021 · €-155k
Solvency
-75.7%▼
2021 · -15.1%
Current ratio
0.29▼
2021 · 0.89
Debt to equity
-2.32▲
2021 · -7.63
ROA
-62.8%▼
2021 · -31.1%
Interest coverage
-6.90▲
2021 · -10.13
Debt
€1.06M▲
2021 · €590k
Debt ≤ 1 year
€1.03M▲
2021 · €565k
Debt > 1 year
€25k=
2021 · €25k
Staff costs
€386k▲
2021 · €316k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 52 lines
Balance sheet
Code20212022
Assets
Total assets20/58€513k€602k▲
Fixed assets21/28€10k€306k▲
Intangible fixed assets21-€220k
Tangible fixed assets22/27€10k€685▼
Plant, machinery and equipment23-€685
Furniture and vehicles24€10k-
Financial fixed assets28€576€86k▲
Current assets29/58€503k€296k▼
Amounts receivable within one year40/41€495k€296k▼
Trade receivables40€48k€38k▼
Other amounts receivable41€447k€258k▼
Cash at bank and in hand54/58€5k-
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€513k€602k▲
Equity10/15€-77k€-456k▼
Contributions10/11€69k€69k=
Outside capital11€69k€69k=
Other1109/19€69k€69k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-148k€-526k▼
Amounts payable17/49€590k€1.06M▲
Amounts payable after more than one year17€25k€25k=
Financial debts170/4€25k€25k=
Amounts payable within one year42/48€565k€1.03M▲
Current portion of amounts payable after more than one year42-€18k
Financial debts43€18k€20k▲
Credit institutions430/8-€20k
Other loans439€18k-
Trade debts44€275k€771k▲
Suppliers440/4€275k€771k▲
Taxes, remuneration and social security45€33k€224k▲
Taxes450/3-€142k
Remuneration and social security454/9€33k€82k▲
Other amounts payable47/48€240k€61▼
Income statement
Code20212022
Remuneration, social security and pensions62€316k€386k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€22k▲
Other operating charges640/8€713€18k▲
Gross operating margin9900€175k€92k▼
Operating profit (loss)9901€-146k€-334k▼
Financial income75/76B-€743
Recurring financial income75-€743
Non-recurring financial income76B-€743
Financial charges65/66B€14k€45k▲
Recurring financial charges65€14k€45k▲
Profit (loss) for the period before taxes9903€-160k€-378k▼
Profit (loss) for the period9904€-160k€-378k▼
Profit (loss) for the period to be appropriated9905€-160k€-378k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-148k€-526k▼
Profit (loss) brought forward from the previous period14P€12k€-148k▼
Social balance
Average headcount (FTE)908713.012.0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
16-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · KEY BUILD BV LENNIKSE- STEENWEG 85, 1500 HALLE · event 10-12-2024
30-04
Judicial reorganisation
Plan homologation
ondernemingsrechtbank Brussel · 20230004 · event 23-04-2024
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 80 days late
04-07
Judicial reorganisation
Plan homologation
ondernemingsrechtbank Brussel · 20230004 · event 28-06-2023
2022
31-12
Financial
Weakest financial yearnet €-378k
Net result drops to €-378k, the lowest in the series.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 85 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Liquidity times 45current ratio 94.06
Current ratio from 2.11 to 94.06; short-term debt falls from €33k to €348.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 65 days late
Show earlier events
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 151 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 516 days late
2014
28-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Halle · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lenniksesteenweg 851500 HalleGround area
862 m²
Building footprint
148 m²
Volume, LiDAR
780 m³
Parcel 23027B0101/02B000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Roggemanskaai (Felix) 17 R, 1501 Halle
since 20012.101.327.529
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027B0101/02B000 | Flanders | 862 m² | 1 · 148 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIEVE TEINTENIER SYLVAIN DUPUISLAAN 217,
1070 BRUSSEL 7 |
10-12-2024 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,250 EUR awarded · 4,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
| 2022 | 1 | 1,250 EUR | 1,250 EUR |
Schemes
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 35,000 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
01430Raising of horses and other equines
43990Other specialised construction activities
46130Agents in the wholesale of timber and building materials
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.