Key Communications
ActiveSummary
Key Communications has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €3k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 51% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+8
Solvency80▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.68 in 2024; short-term debt: 44.6% and cash: 29% of total assets), and 44.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.4%
Return on assets
1.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
6 d early
2023
30 d late
2022
46 d early
2021
41 d early
2020
44 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€95k▲ 3.2%
2024 · €92k
2018: €131khighest in 8 years
2019: €95k▼ -27.4% vs 2018
2020: €61k▼ -36.5% vs 2019lowest in 8 years
2021: €68k▲ +12.1% vs 2020
2022: €77k▲ +13.6% vs 2021
2023: €91k▲ +17.5% vs 2022
2024: €92k▲ +1.3% vs 2023
2025: €95k▲ +3.2% vs 2024
2018 → 2025
Total assets
€171k▲ 1.6%
2024 · €169k
2018: €184khighest in 8 years
2019: €172k▼ -6.4% vs 2018
2020: €127k▼ -26.1% vs 2019lowest in 8 years
2021: €139k▲ +9.2% vs 2020
2022: €144k▲ +3.4% vs 2021
2023: €161k▲ +12.2% vs 2022
2024: €169k▲ +4.6% vs 2023
2025: €171k▲ +1.6% vs 2024
2018 → 2025
Net result
€3k▲ 144%
2024 · €1k
2018: €8k
2019: €7k▼ -4.2% vs 2018
2020: €-35k▼ -572% vs 2019lowest in 8 years
2021: €7k▲ +121% vs 2020
2022: €9k▲ +25.3% vs 2021
2023: €14k▲ +46.6% vs 2022highest in 8 years
2024: €1k▼ -91.0% vs 2023
2025: €3k▲ +144% vs 2024
2018 → 2025
Working capital
€66k▲ 25.2%
2024 · €53k
2018: €125khighest in 8 years
2019: €88k▼ -29.5% vs 2018
2020: €54k▼ -38.8% vs 2019
2021: €64k▲ +18.4% vs 2020
2022: €76k▲ +18.4% vs 2021
2023: €42k▼ -44.4% vs 2022lowest in 8 years
2024: €53k▲ +24.9% vs 2023
2025: €66k▲ +25.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€77k▲ 13.6%€91k▲ 17.5%€92k▲ 1.3%€95k▲ 3.2%
2021: €68klowest in 5 years
2022: €77k▲ +13.6% vs 2021
2023: €91k▲ +17.5% vs 2022
2024: €92k▲ +1.3% vs 2023
2025: €95k▲ +3.2% vs 2024highest in 5 years
Operating result€9k-€12k▲ 33.6%€18k▲ 52.9%€2k▼ 88.3%€5k▲ 122%
2021: €9k
2022: €12k▲ +33.6% vs 2021
2023: €18k▲ +52.9% vs 2022highest in 5 years
2024: €2k▼ -88.3% vs 2023lowest in 5 years
2025: €5k▲ +122% vs 2024
Net result€7k-€9k▲ 25.3%€14k▲ 46.6%€1k▼ 91.0%€3k▲ 144%
2021: €7k
2022: €9k▲ +25.3% vs 2021
2023: €14k▲ +46.6% vs 2022highest in 5 years
2024: €1k▼ -91.0% vs 2023lowest in 5 years
2025: €3k▲ +144% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 122% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171k
Fixed assets
€29k ▼ 26.1%
Current assets
€142k ▲ 10.0%
Equity and liabilities €171k
Equity
€95k ▲ 3.2%
Debt
€76k ▼ 0.4%
Debt's share of the balance-sheet total falls from 45.5% to 44.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▲
2024 · €12k
Cash flow
€13k▲
2024 · €11k
Current ratio
1.86▲
2024 · 1.68
Debt to equity
0.81▼
2024 · 0.83
ROE
3.1%▲
2024 · 1.3%
ROA
1.7%▲
2024 · 0.7%
Interest coverage
4.64▲
2024 · 3.93
Debt ≤ 1 year
€76k▼
2024 · €77k
Income taxes
€1k▲
2024 · €416
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€169k€171k▲
Fixed assets21/28€39k€29k▼
Tangible fixed assets22/27€39k€29k▼
Land and buildings22-€724
Furniture and vehicles24€39k€28k▼
Financial fixed assets28€588-
Current assets29/58€129k€142k▲
Amounts receivable within one year40/41€86k€91k▲
Trade receivables40€7k€6k▼
Other amounts receivable41€80k€84k▲
Cash at bank and in hand54/58€41k€50k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€169k€171k▲
Equity10/15€92k€95k▲
Contributions10/11€25k€25k=
Reserves13€64k€64k=
Distributable reserves133€64k€64k=
Profit (loss) carried forward14€3k€6k▲
Amounts payable17/49€77k€76k▼
Amounts payable within one year42/48€77k€76k▼
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€13k€10k▼
Suppliers440/4€13k€8k▼
Bills of exchange payable441-€2k
Other amounts payable47/48€62k€65k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€997€588▼
Gross operating margin9900€13k€16k▲
Operating profit (loss)9901€2k€5k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€2k€4k▲
Income taxes67/77€416€1k▲
Profit (loss) for the period9904€1k€3k▲
Profit (loss) for the period to be appropriated9905€1k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€6k▲
Profit (loss) brought forward from the previous period14P€2k€3k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €10k | €11k | ▲ 3.7% |
| Other operating charges640/8 | €958 | €977 | €997 | €997 | €588 | ▼ 41.0% |
| Gross operating margin9900 | €12k | €15k | €22k | €13k | €16k | ▲ 19.0% |
| Operating profit (loss)9901 | €9k | €12k | €18k | €2k | €5k | ▲ 122% |
| Financial income75/76B | €4k | €5k | €3k | €3k | €3k | ▲ 2.2% |
| Recurring financial income75 | €4k | €5k | €3k | €3k | €3k | ▲ 2.2% |
| Financial charges65/66B | €3k | €3k | €3k | €3k | €3k | ▲ 4.9% |
| Recurring financial charges65 | €3k | €3k | €3k | €3k | €3k | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | €10k | €14k | €18k | €2k | €4k | ▲ 149% |
| Income taxes67/77 | €3k | €5k | €4k | €416 | €1k | ▲ 164% |
| Profit (loss) for the period9904 | €7k | €9k | €14k | €1k | €3k | ▲ 144% |
| Profit (loss) for the period to be appropriated9905 | €7k | €9k | €14k | €1k | €3k | ▲ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139k | €144k | €161k | €169k | €171k | ▲ 1.6% |
| Fixed assets21/28 | €4k | €2k | €49k | €39k | €29k | ▼ 26.1% |
| Tangible fixed assets22/27 | €4k | €939 | €48k | €39k | €29k | ▼ 25.0% |
| Land and buildings22 | €1k | €587 | - | - | €724 | - |
| Furniture and vehicles24 | €2k | €352 | €48k | €39k | €28k | ▼ 26.8% |
| Financial fixed assets28 | €588 | €588 | €588 | €588 | - | - |
| Current assets29/58 | €135k | €142k | €113k | €129k | €142k | ▲ 10.0% |
| Amounts receivable within one year40/41 | €102k | €106k | €75k | €86k | €91k | ▲ 5.3% |
| Trade receivables40 | €3k | €180 | €5k | €7k | €6k | ▼ 5.4% |
| Other amounts receivable41 | €99k | €106k | €70k | €80k | €84k | ▲ 6.2% |
| Cash at bank and in hand54/58 | €32k | €36k | €36k | €41k | €50k | ▲ 21.8% |
| Deferred charges and accrued income490/1 | €772 | €822 | €2k | €2k | €2k | ▼ 22.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139k | €144k | €161k | €169k | €171k | ▲ 1.6% |
| Equity10/15 | €68k | €77k | €91k | €92k | €95k | ▲ 3.2% |
| Contributions10/11 | €19k | €19k | €25k | €25k | €25k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €70k | €70k | €64k | €64k | €64k | = |
| Non-distributable reserves130/1 | €6k | €6k | - | - | - | - |
| Legal reserve130 | €6k | €6k | - | - | - | - |
| Distributable reserves133 | €64k | €64k | €64k | €64k | €64k | = |
| Profit (loss) carried forward14 | €-20k | €-11k | €2k | €3k | €6k | ▲ 86.3% |
| Amounts payable17/49 | €71k | €66k | €71k | €77k | €76k | ▼ 0.4% |
| Amounts payable within one year42/48 | €71k | €66k | €71k | €77k | €76k | ▼ 0.4% |
| Financial debts43 | €838 | €911 | €450 | €2k | €2k | ▼ 20.2% |
| Credit institutions430/8 | €838 | €911 | €450 | €2k | €2k | ▼ 20.2% |
| Trade debts44 | €15k | €5k | €9k | €13k | €10k | ▼ 23.3% |
| Suppliers440/4 | €4k | €4k | €9k | €13k | €8k | ▼ 39.1% |
| Bills of exchange payable441 | €11k | €1k | - | - | €2k | - |
| Taxes, remuneration and social security45 | €2k | €4k | €2k | - | - | - |
| Taxes450/3 | €2k | €4k | €2k | - | - | - |
| Other amounts payable47/48 | €54k | €56k | €59k | €62k | €65k | ▲ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €9k | €14k | €1k | €3k | ▲ 144% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €10k | €11k | ▲ 3.7% |
| Operating cash flow (approximation) | €10k | €12k | €17k | €11k | €13k | ▲ 18.8% |
| Investment in fixed assets (approximation) | - | €0 | €-51k | €-870 | €-237 | ▲ 72.7% |
| Change in cash | - | €3k | €614 | €5k | €9k | ▲ 96.2% |
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
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €14k ▲46.6%
Operating result €18k, net result €14k, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
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.
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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, Brussel · 1 establishment unit since 1990
Ground area
144 m²
Building footprint
82 m²
Volume, LiDAR
1,066 m³
Parcel 21805E0069/00Y008, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Orteliusstraat 3, 1000 Brussel
since 19902.047.835.987
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0069/00Y008 | Brussels | 144 m² | 1 · 82 m² | 18.0 m · 5 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 2,712 companies in sector 73200 we hold annual accounts for 1,782. 1,303 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
Founded22-03-1990
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
58190Other publishing activities, excluding software publishing
Scores and ratios are computed by Checked and are not a credit decision.