KEY ENTERPRISE
ActiveSummary
KEY ENTERPRISE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,309 and a net result of -€4,947. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 1542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+24
Solvency88▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.82 in 2024; short-term debt: 36.7% and cash: 10.1% of total assets), and 36.7% of the assets are financed with debt.
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Signals
Five 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
63.3%
Return on assets
-6.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4,947
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
8 d late
2023
14 d early
2022
4 d early
2021
1 d late
2020
1 d early
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
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. Usually files around 1 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€48,309▼ 19.8%
2024 · €60,255
Total assets
€76,307▼ 23.6%
2024 · €99,900
Net result
-€4,947▲ 57.9%
2024 · -€11,742
Working capital
-€6,009▲ 5.1%
2024 · -€6,331
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,473€35,935▲ 381%€2,610▼ 92.7%-€8,630-€2,129▲ 75.3%
Net result€4,059within the sector's middle half€26,311within the sector's middle half▲ 548%-€3,234within the sector's middle half-€11,742below the sector's middle half▼ 263%-€4,947below the sector's middle half▲ 57.9%
Equity€80,921within the sector's middle half▲ 5.3%€82,231within the sector's middle half▲ 1.6%€71,997within the sector's middle half▼ 12.4%€60,255within the sector's middle half▼ 16.3%€48,309within the sector's middle half▼ 19.8%
Total assets€152,337within the sector's middle half▲ 12.8%€147,555within the sector's middle half▼ 3.1%€150,141within the sector's middle half▲ 1.8%€99,900within the sector's middle half▼ 33.5%€76,307within the sector's middle half▼ 23.6%
Debt€71,417▲ 22.8%€65,324▼ 8.5%€78,144▲ 19.6%€39,645▼ 49.3%€27,999▼ 29.4%
Working capital-€23,410below the sector's middle half▲ 31.3%-€12,856below the sector's middle half▲ 45.1%-€7,313below the sector's middle half▲ 43.1%-€6,331below the sector's middle half▲ 13.4%-€6,009below the sector's middle half▲ 5.1%
Solvency53.1%within the sector's middle half▼ 3.8pp55.7%within the sector's middle half▲ 2.6pp48.0%within the sector's middle half▼ 7.8pp60.3%within the sector's middle half▲ 12.4pp63.3%within the sector's middle half▲ 3.0pp
Current ratio0.50below the sector's middle half▲ 0.090.73below the sector's middle half▲ 0.230.89below the sector's middle half▲ 0.160.82below the sector's middle half▼ 0.070.79below the sector's middle half▼ 0.04
Return on assets (ROA)2.7%within the sector's middle half▲ 27.3pp17.8%above the sector's middle half▲ 15.2pp-2.2%within the sector's middle half▼ 20.0pp-11.8%below the sector's middle half▼ 9.6pp-6.5%below the sector's middle half▲ 5.3pp
above
within
below
the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,129 in 2025 against €8,630 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,307
Fixed assets
€54,317 ▼ 22.6%
Current assets
€21,990 ▼ 26.0%
Equity and liabilities €76,307
Equity
€48,309 ▼ 19.8%
Debt
€27,999 ▼ 29.4%
Debt's share of the balance-sheet total falls from 39.7% to 36.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17,887▲
2024 · €12,430
Cash flow
€15,069▲
2024 · €9,319
Debt to equity
0.58▼
2024 · 0.66
ROE
-10.2%▲
2024 · -19.5%
Interest coverage
6.66▲
2024 · 3.99
Debt ≤ 1 year
€27,999▼
2024 · €36,049
Debt > 1 year
€0▼
2024 · €3,596
Income taxes
€132▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,119 | €26,560 | €21,609 | €21,061 | €20,016 | ▼ 5.0% |
| Other operating charges640/8 | €2,747 | €3,035 | €1,046 | €2,598 | €1,121 | ▼ 56.9% |
| Gross operating margin9900 | €32,339 | €65,531 | €25,264 | €15,028 | €19,008 | ▲ 26.5% |
| Operating profit (loss)9901 | €7,473 | €35,935 | €2,610 | -€8,630 | -€2,129 | ▲ 75.3% |
| Financial income75/76B | €8 | €7 | €36 | €6 | €1 | ▼ 83.5% |
| Recurring financial income75 | €8 | €7 | €36 | €6 | €1 | ▼ 83.5% |
| Financial charges65/66B | €3,222 | €3,232 | €2,872 | €3,117 | €2,686 | ▼ 13.8% |
| Recurring financial charges65 | €3,222 | €3,232 | €2,872 | €3,117 | €2,686 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €4,259 | €32,711 | -€226 | -€11,742 | -€4,815 | ▲ 59.0% |
| Income taxes67/77 | €200 | €6,400 | €3,008 | €0 | €132 | - |
| Profit (loss) for the period9904 | €4,059 | €26,311 | -€3,234 | -€11,742 | -€4,947 | ▲ 57.9% |
| Profit (loss) for the period to be appropriated9905 | €4,059 | €26,311 | -€3,234 | -€11,742 | -€4,947 | ▲ 57.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,337 | €147,555 | €150,141 | €99,900 | €76,307 | ▼ 23.6% |
| Fixed assets21/28 | €129,051 | €112,851 | €91,242 | €70,181 | €54,317 | ▼ 22.6% |
| Tangible fixed assets22/27 | €128,680 | €112,479 | €90,870 | €69,810 | €53,946 | ▼ 22.7% |
| Land and buildings22 | €67,385 | €61,282 | €55,180 | €49,077 | €45,318 | ▼ 7.7% |
| Plant, machinery and equipment23 | €15,862 | €9,538 | €6,182 | €2,827 | €1,509 | ▼ 46.6% |
| Furniture and vehicles24 | €36,255 | €34,735 | €24,663 | €14,745 | €4,855 | ▼ 67.1% |
| Other tangible fixed assets26 | €9,177 | €6,924 | €4,845 | €3,161 | €2,263 | ▼ 28.4% |
| Financial fixed assets28 | €372 | €372 | €372 | €372 | €372 | = |
| Current assets29/58 | €23,286 | €34,704 | €58,899 | €29,718 | €21,990 | ▼ 26.0% |
| Amounts receivable within one year40/41 | €18,175 | €15,904 | €51,148 | €21,999 | €12,759 | ▼ 42.0% |
| Trade receivables40 | €17,952 | €15,681 | €50,925 | €18,776 | €9,668 | ▼ 48.5% |
| Other amounts receivable41 | €223 | €223 | €223 | €3,223 | €3,091 | ▼ 4.1% |
| Cash at bank and in hand54/58 | €3,818 | €17,346 | €5,859 | €6,393 | €7,685 | ▲ 20.2% |
| Deferred charges and accrued income490/1 | €1,293 | €1,454 | €1,892 | €1,326 | €1,546 | ▲ 16.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,337 | €147,555 | €150,141 | €99,900 | €76,307 | ▼ 23.6% |
| Equity10/15 | €80,921 | €82,231 | €71,997 | €60,255 | €48,309 | ▼ 19.8% |
| Contributions10/11 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Reserves13 | €56,407 | €56,407 | €53,247 | €41,505 | €29,559 | ▼ 28.8% |
| Non-distributable reserves130/1 | €1,875 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Reserves not available under the articles1311 | €1,875 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Tax-exempt reserves132 | €8,400 | €8,400 | €8,400 | €8,400 | €8,400 | = |
| Distributable reserves133 | €46,132 | €46,132 | €42,972 | €31,230 | €19,284 | ▼ 38.3% |
| Profit (loss) carried forward14 | €5,764 | €7,074 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €71,417 | €65,324 | €78,144 | €39,645 | €27,999 | ▼ 29.4% |
| Amounts payable after more than one year17 | €24,721 | €17,764 | €10,722 | €3,596 | €0 | ▼ 100% |
| Financial debts170/4 | €24,721 | €17,764 | €10,722 | €3,596 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €46,696 | €47,560 | €66,212 | €36,049 | €27,999 | ▼ 22.3% |
| Current portion of amounts payable after more than one year42 | €7,315 | €7,997 | €7,041 | €7,127 | €3,596 | ▼ 49.5% |
| Financial debts43 | €31,500 | €20,750 | €23,200 | €25,750 | €17,500 | ▼ 32.0% |
| Credit institutions430/8 | €31,500 | €20,750 | €23,200 | €25,750 | €17,500 | ▼ 32.0% |
| Trade debts44 | €2,918 | €470 | €27,154 | €422 | €2,000 | ▲ 373% |
| Suppliers440/4 | €2,918 | €470 | €27,154 | €422 | €2,000 | ▲ 373% |
| Taxes, remuneration and social security45 | €2,071 | €12,991 | €8,303 | €2,750 | €4,904 | ▲ 78.3% |
| Taxes450/3 | €2,071 | €12,991 | €8,303 | €2,750 | €4,904 | ▲ 78.3% |
| Other amounts payable47/48 | €2,893 | €5,352 | €514 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,210 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,059 | €26,311 | -€3,234 | -€11,742 | -€4,947 | ▲ 57.9% |
| + Depreciation and write-downs630 | €22,119 | €26,560 | €21,609 | €21,061 | €20,016 | ▼ 5.0% |
| Operating cash flow (approximation) | €26,178 | €52,871 | €18,374 | €9,319 | €15,069 | ▲ 61.7% |
| Investment in fixed assets (approximation) | - | -€10,360 | €0 | €0 | -€4,152 | - |
| Change in cash | - | €13,528 | -€11,487 | €534 | €1,292 | ▲ 142% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Back to profitnet €4,059
Net result €4,059 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€33,278
Net result drops to -€33,278, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Back to profitnet €34,983
Net result €34,983 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €110,140 ▲46.5%
Equity rises from €75,157 to €110,140.
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 85 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 1991
Ground area
724 m²
Building footprint
155 m²
Volume, LiDAR
961 m³
Parcel 41016C0224/00Y003, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K-LIGHT & GRIP EQUIPMENT, K-LIGHT, K-LIGHTDESIGN
since 19912.054.657.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016C0224/00Y003 | Flanders | 724 m² | 1 · 155 m² | 9.8 m · 2 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 1,319 companies in sector 59111 we hold annual accounts for 688. 530 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
Founded04-10-1991
Fiscal year end31-12
Trade name NL
K-LIGHT & GRIP EQUIPMENT, K-LIGHT, K-LIGHTDESIGN
Activities, NACEBEL 2025
59111Production of cinema films
56112Limited-service restaurants, excluding mobile food services
59112Motion picture, video and television programme production, sound recording and music publishing activities
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445351744
Also
9925:BE0445351744
Registered
15-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.