Skip to content

Key Communications

Active
Private limited companyfounded 199036 yrs activeOrteliusstraat 3, 1000 Brussel, BelgiumKBO/BCE: BE 0440.107.806
Summary

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
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, 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 filings
Deviation 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

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
€0€5k€10k€15k€20kOperating result 2021: €9k€9kNet result 2021: €7k€7kOperating result 2022: €12k€12kNet result 2022: €9k€9kOperating result 2023: €18k€18kNet result 2023: €14k€14kOperating result 2024: €2k€2kNet result 2024: €1k€1kOperating result 2025: €5k€5kNet result 2025: €3k€3k20212022202320242025€0€5k€10k€15k€20kOperating result 2023: €18k€18kNet result 2023: €14k€14kOperating result 2024: €2k€2.1kNet result 2024: €1k€1.2kOperating result 2025: €5k€4.6kNet result 2025: €3k€3k202320242025
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
2025 value · change against 2024
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
Line20212022202320242025Change
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%
Line20212022202320242025Change
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%
Line20212022202320242025Change
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.

Sign in to download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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
seat establishment The establishment unit on the map
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
Manufacture of rubber and plastic products
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.

Similar companies · same sector, comparable size

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.