Equity
-€290,354
Debts exceed assets in financial year 2025.
KEY CONSULT
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2005peak €171,243 (2016)
€60,857▲ 243%
lowest -€201,450 (2024)
-€54,393▲ €147,057
peak €21,429 (2019)
-€290,354▼ €54,393
€2.6m▲ 5.6%
Board1 name since 2005
1 directorVAN DEN KEYBUS Johan
Documentsfilings and deeds
05-06-202656 days before the deadline
2025abbreviated format
Gross margin from €17,721 to €60,857Loss of €54,393Equity from -€235,962 to -€290,354Cash from €15,418 to €41,959
Key points
from the 2025 annual accountsLosses
-€260,709 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €160,000 estimated
The abbreviated format states no turnover.
Debts
€2.6m 111% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%
Of this, €2.5m falls due within a year.
Filings
20 annual accounts since 2005
The 2020 accounts came 9 days late. The other nine of the last ten were filed on time.
Position in the sector
-€290,354
Less equity than 94% of companies in real estate. Sector median €300,201 · 11,304 companies.
Checked score
53
Fair
Financially stronger than 10% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 0.2%▼ -0.5 percentage points vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€290,354
lowers risk
Size: total assets €2.3m
Figures for financial year 2025 (filed on 05-06-2026)
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 5% of them on solvency, 5% on liquidity, 16% on profitability and 15% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,242 companies had the same profile as KEY CONSULT has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KEY CONSULT itself is lower: 0.2% within 12 months. It rests on far more data about KEY CONSULT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,242 companies, not a prediction for KEY CONSULT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.55 (0.52 in 2024), below 1. Short-term debt is 106.6% and cash 1.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€290,354
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 days early
2024
52 days early
2023
45 days early
2022
49 days early
2021
41 days early
2020
9 days late
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 12 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0866289677
Change of role: VAN DEN KEYBUS Johan, from statutory director to director
Director discharge: VAN DEN KEYBUS Johan · General meeting of 14-06-2023 · Gazette deed
First establishment
Burggravenstraat 49, Beveren-Kruibeke-Zwijndrecht
Incorporation
published on 20-07-2004 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KEY CONSULT Beveren-Kruibeke-Zwijndrecht | €2.3m | €60,857 | -12.4% | - |
| ANTONELLO Wortegem-Petegem | €2.1m | €65,192 | 32.9% | 0 |
| PRAKTIMMO Temse | €2.0m | €88,886 | 96.8% | - |
| MDias Nazareth-De Pinte | €1.9m | €65,257 | 11.4% | - |
| BO-INVESTORS Bornem | €2.4m | €46,920 | 60.0% | - |
| TRIBA Bruges | €2.6m | €65,608 | 46.1% | - |
| C & P Heist-op-den-Berg | €2.3m | €61,325 | 40.8% | - |
These companies have the same main activity as KEY CONSULT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.9m and €2.6m, founded between 2002 and 2007.
Official details
Source: KBO- Status
- Active since 05-07-2004Normal situation
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.150.937.2879120 Beveren-Kruibeke-Zwijndrecht, since 10-01-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- €2.3m▲ 3.7%
- Filing
- Filed on 05-06-2026, 56 days before the end of the filing period
Insights on KEY CONSULT
KEY CONSULT files the abbreviated format. That format states no turnover. The gross margin fell from €73,745 in 2006 to €60,857 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KEY CONSULT
- What is the company number of KEY CONSULT?
- The company number of KEY CONSULT is 0866.289.677. The VAT number is the same number with BE in front: BE 0866.289.677.
- Where is KEY CONSULT based?
- The registered office is at Burggravenstraat 49, 9120 Beveren-Kruibeke-Zwijndrecht.Company details
- What does KEY CONSULT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of KEY CONSULT?
- KEY CONSULT is a private limited company (BV).
- When was KEY CONSULT founded?
- KEY CONSULT was founded on 05-07-2004.
- Is KEY CONSULT still active?
- Yes, KEY CONSULT is an active enterprise in the KBO register.
- What is the turnover of KEY CONSULT?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €60,857 and 48 comparable companies (NACE 681). It probably lies between €82,000 and €380,000.Financials
- Is KEY CONSULT profitable?
- In financial year 2025, KEY CONSULT made a loss of €54,393.
- Where can I find the annual accounts of KEY CONSULT?
- KEY CONSULT filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KEY CONSULT due?
- KEY CONSULT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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