KEY CONCEPT
ActiveSummary
KEY CONCEPT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €-16k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 72% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-79
Solvency84▼-15
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 3.32 in 2024; short-term debt: 40.6% and cash: 25.5% of total assets), and 40.6% of the assets are financed with debt.
Credit advice 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.4%
Return on assets
-25.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
1 d early
2023
32 d early
2022
23 d late
2021
24 d late
2020
on the day
2019
5 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€37k▼ 29.8%
2024 · €53k
2018: €46k
2019: €67k
2020: €57k
2021: €59k
2022: €48k
2023: €50k
2024: €53k
2018 → 2025
Total assets
€62k▼ 12.2%
2024 · €71k
2018: €149k
2019: €246k
2020: €129k
2021: €101k
2022: €64k
2023: €65k
2024: €71k
2018 → 2025
Net result
€-16k
2024 · €6k
2018: €-18k
2019: €21k
2020: €-9k
2021: €2k
2022: €-11k
2023: €2k
2024: €6k
2018 → 2025
Working capital
€29k▼ 31.5%
2024 · €42k
2018: €78k
2019: €100k
2020: €85k
2021: €40k
2022: €31k
2023: €38k
2024: €42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€48k▼ 18.2%€50k▲ 4.4%€53k▲ 4.8%€37k▼ 29.8%
Operating result€3k-€-11k€987€6k▲ 518%€-17k
Net result€2k-€-11k€2k€6k▲ 187%€-16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €6k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€8k ▼ 22.5%
Current assets
€54k ▼ 10.5%
Equity and liabilities €62k
Equity
€37k ▼ 29.8%
Debt
€25k ▲ 38.4%
Debt's share of the balance-sheet total rises from 25.7% to 40.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▼
2024 · €9k
Cash flow
€-13k▼
2024 · €9k
Current ratio
2.15▼
2024 · 3.32
Debt to equity
0.68▲
2024 · 0.35
ROE
-42.4%▼
2024 · 11.6%
ROA
-25.2%▼
2024 · 8.6%
Interest coverage
-40.66▼
2024 · 47.53
Debt ≤ 1 year
€25k▲
2024 · €18k
Income taxes
€799▼
2024 · €2k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€71k€62k▼
Fixed assets21/28€10k€8k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€2k€631▼
Financial fixed assets28€3k€3k=
Current assets29/58€61k€54k▼
Amounts receivable within one year40/41€59k€37k▼
Trade receivables40€18k€349▼
Other amounts receivable41€41k€37k▼
Cash at bank and in hand54/58-€16k
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€71k€62k▼
Equity10/15€53k€37k▼
Contributions10/11€25k€25k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€25k€10k▼
Amounts payable17/49€18k€25k▲
Amounts payable within one year42/48€18k€25k▲
Financial debts43€29-
Credit institutions430/8€29-
Trade debts44€11k€13k▲
Suppliers440/4€11k€13k▲
Advances received on contracts in progress46-€10k
Taxes, remuneration and social security45€2k€799▼
Taxes450/3€2k€799▼
Other amounts payable47/48€5k€1k▼
Income statement
Code20242025
Non-recurring operating income76A-€978
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€2k€670▼
Non-recurring operating charges66A€401-
Gross operating margin9900€11k€-14k▼
Operating profit (loss)9901€6k€-17k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€194€352▲
Recurring financial charges65€194€352▲
Profit (loss) for the period before taxes9903€8k€-15k▼
Income taxes67/77€2k€799▼
Profit (loss) for the period9904€6k€-16k▼
Profit (loss) for the period to be appropriated9905€6k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€10k▼
Profit (loss) brought forward from the previous period14P€23k€25k▲
Profit to be distributed694/7€4k-
Directors or managers695€4k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
30-09
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity doublescurrent ratio 4.00
Current ratio from 1.74 to 4.00; short-term debt falls from €136k to €28k.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
30-09
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 4 days late
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 1998
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.
Korte Nieuwstraat 162000 AntwerpenGround area
2,398 m²
Building footprint
471 m²
Volume, LiDAR
4,334 m³
2 parcels, Flanders · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Baron Delbekelaan 21, 2970 Schilde
since 19982.086.488.113
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0361/00G000 | Flanders | 2,142 m² | 1 · 232 m² | 14.3 m · 2 fl. |
| 11803C2377/00B000 | Flanders | 256 m² | 1 · 238 m² | 16.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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RIPATRAC
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MH PRO
BE 0544.488.714
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MD INVESTIMMO
BE 0795.497.592
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 4,598 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
Founded06-04-1998
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.