KEY FRAME
ActiveSummary
The computed 12-month bankruptcy probability of KEY FRAME is 1.6% (moderate). The 2024 annual accounts show equity of €49,046 and a net result of -€714. Equity is shrinking by ~3% per year across the filed fiscal years. The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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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
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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.
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €90 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1,386 | €628 | €64 | ▼ 89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €374 | €374 | - | €374 | - |
| Gross operating margin9900 | -€4,561 | -€2,249 | €103 | €912 | -€64 | ▼ 107% |
| Operating profit (loss)9901 | -€5,477 | -€2,623 | -€271 | €912 | -€438 | ▼ 148% |
| Financial charges65/66B | - | - | €297 | €291 | €276 | ▼ 5.2% |
| Recurring financial charges65 | €272 | €256 | €297 | €291 | €276 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | -€5,749 | -€2,879 | -€568 | €620 | -€714 | ▼ 215% |
| Income taxes67/77 | - | €74 | - | €62 | - | - |
| Profit (loss) for the period9904 | -€5,749 | -€2,953 | -€568 | €558 | -€714 | ▼ 228% |
| Profit (loss) for the period to be appropriated9905 | -€5,749 | -€2,953 | -€568 | €558 | -€714 | ▼ 228% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,619 | €75,262 | €74,008 | €73,945 | €73,580 | ▼ 0.5% |
| Fixed assets21/28 | - | €1,123 | €374 | €374 | - | - |
| Tangible fixed assets22/27 | - | €1,123 | €374 | €374 | - | - |
| Plant, machinery and equipment23 | - | - | €374 | €374 | - | - |
| Current assets29/58 | €75,619 | €74,140 | €73,634 | €73,570 | €73,580 | = |
| Amounts receivable within one year40/41 | €70,550 | €69,050 | €69,050 | €69,050 | €69,050 | = |
| Trade receivables40 | - | - | €38,370 | €38,370 | €38,370 | = |
| Other amounts receivable41 | - | - | €30,680 | €30,680 | €30,680 | = |
| Current investments50/53 | €4,505 | €4,505 | €4,505 | €4,505 | €4,505 | = |
| Cash at bank and in hand54/58 | €565 | €586 | €80 | €16 | €26 | ▲ 61.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,619 | €75,262 | €74,008 | €73,945 | €73,580 | ▼ 0.5% |
| Equity10/15 | €55,259 | €52,306 | €49,202 | €49,760 | €49,046 | ▼ 1.4% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | - | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €1,848 | €1,848 | €1,848 | €1,848 | €1,848 | = |
| Non-distributable reserves130/1 | - | - | €1,848 | €1,848 | €1,848 | = |
| Legal reserve130 | - | - | €1,848 | €1,848 | €1,848 | = |
| Profit (loss) carried forward14 | -€8,562 | -€11,516 | -€14,619 | -€14,061 | -€14,775 | ▼ 5.1% |
| Amounts payable17/49 | €20,360 | €22,957 | €24,806 | €24,184 | €24,534 | ▲ 1.4% |
| Amounts payable within one year42/48 | €20,360 | €22,957 | €24,806 | €24,184 | €24,534 | ▲ 1.4% |
| Trade debts44 | €13,534 | €13,429 | €13,677 | €13,677 | €13,677 | = |
| Suppliers440/4 | - | - | €13,677 | €13,677 | €13,677 | = |
| Other amounts payable47/48 | - | - | €11,129 | €10,507 | €10,857 | ▲ 3.3% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,749 | -€2,953 | -€568 | €558 | -€714 | ▼ 228% |
| + Depreciation and write-downs630 | - | €374 | €374 | - | €374 | - |
| Operating cash flow (approximation) | -€5,749 | -€2,579 | -€194 | €558 | -€340 | ▼ 161% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - | - |
| Change in cash | - | €21 | - | -€64 | €10 | ▲ 116% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0123/00S000 | Brussels | 2,733 m² | 1 · 1,011 m² | 18.8 m · 5 fl. |
| 21001A0344/00Z000 | Brussels | 313 m² | 1 · 118 m² | 17.2 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.