Equity
€1.2m from €2.5m in 2020
Equity fell by 52% in 6 years.
KEY GRIP SYSTEMS DEVELOPMENT
Lifetime
20 annual accounts with figures on one time axis, 42 filings since 1984peak €997,145 (2020)
€357,771▲ €373,099
lowest -€101,686 (2023)
€310,733▲ €356,047
peak €2.5m (2020)
€1.2m▲ 28.7%
€87,007▼ 80.1%
peak 5.3 FTE (2017)
-not published
Board3 names since 2014
1 directorTHEUNISSEN, Benoit Marie Pierre
Owners2 names in the annual accounts
Documentsfilings and deeds
20-09-202641 days before the deadline
2026financial year
Gross margin from -€15,328 to €357,771Back to profit: €310,733Dividend €43,500Equity from €932,709 to €1.2mDebts from €437,623 to €87,007Investments €774,111
Key points
from the 2026 annual accountsResult
€310,733 €310,733
Back in profit in 2026, after a loss of €45,315 in 2025.
Turnover
≈ €840,000 estimated
The accounts state no turnover.
Investments
€889,513 68.2 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 827.2% higher than in 2025.
Filings
42 annual accounts since 1984
The last five annual accounts were filed 3 to 114 days before the end of the period.
Position in the sector
93.2%
Higher solvency than 92% of companies in rental and leasing. Sector median 36.5% · 144 companies.
Checked score
98
Excellent
Financially stronger than 85% of micro companies in rental and leasing (NACE 77)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,166 companies (NACE 77, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025highest value
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1983
Size: total assets €1.3m
Equity €1.2m (93.2% of total assets)
Liquidity: current ratio 2.79, cash €195,622, halved
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 77, micro). It does better than 92% of them on solvency, 80% on liquidity, 90% on profitability and 79% 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 31-03-2026.
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, 20,137 companies had the same profile as KEY GRIP SYSTEMS DEVELOPMENT has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of KEY GRIP SYSTEMS DEVELOPMENT itself: < 0.1% within 12 months.
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 20,137 companies, not a prediction for KEY GRIP SYSTEMS DEVELOPMENT. 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
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.79 (2.5 in 2025), above the usual 1.5. Short-term debt is 6.8% and cash 15.2% of total assets. 6.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 20-09-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
41 days early
2025
42 days early
2024
3 days early
2023
3 days early
2022
114 days early
2021
110 days early
2020
10 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 46 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 20 September (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
Shares in 2 companies, KEY GRIP SYSTEMS and KEY GRIP SYSTEMS WALLONIA
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0424674710
Registered office moved to Brussels
New registered office: Square Marie Louise 58, boite 4/3 à 1000 Bruxelles · Board meeting of 03-06-2020 · Gazette deed
Resignation: KEY GRIP SYSTEMS WALLONIA (director)
Permanent representative: THEUNISSEN Benoit, Marie, Pierre · General meeting of 18-12-2019 · Gazette deed
Company renamed from KEY GRIP SYSTEMS to KEY GRIP SYSTEMS DEVELOPMENT
Resignations: GUTIERREZMARTIN, Rosa Amada (director) and KEY GRIP SYSTEMS WALLONIA (director) · Appointment: THEUNISSEN, Benoit Marie Pierre (director) · “Faire toutes opérations généralement quelconques, commerciales, financières, mobilières et immobilières se…” (deed in French) · General meeting of 05-11-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KEY GRIP SYSTEMS DEVELOPMENT Brussels | €1.3m | €357,771 | 93.2% | - |
| CONTAINERVERHURING TERGA Ypres | €1.4m | €367,600 | 63.7% | 7.8 |
| Gene-Electra Brussels | €1.5m | €263,973 | 84.6% | 3 |
| de HALLEUX Evere | €1.7m | €619,500 | 23.1% | 3.9 |
| Neptunus Belgium Zonhoven | €1.0m | €384,972 | 38.6% | 2 |
| Rogiers D-Dream Berlare | €1.2m | €280,621 | 55.7% | 3 |
| UMANS IMMO Pelt | €1.8m | €318,566 | 49.5% | - |
These companies have the same main activity as KEY GRIP SYSTEMS DEVELOPMENT: renting and leasing of other machinery, equipment and tangible goods (NACE 77399). They are comparable in size and age: total assets between €1m and €1.8m, founded between 1973 and 1990.
Official details
Source: KBO- Status
- Active since 20-10-1983Normal situation
- Activity
- Renting and leasing of other machinery, equipment and tangible goodsNACE 77399and 2 others
- Establishment units
- 2.102.409.7711030 Schaerbeek, since 06-11-1983
- 2.170.623.4384880 Aubel, since 19-05-2008
- Financial year end
- 31 March
- Peppol
- Reachable since 04-12-2025
Annual accounts to 31-03-2026
- €1.3m▼ 6.1%
- Filing
- Filed on 20-09-2026, 41 days before the end of the filing period
Insights on KEY GRIP SYSTEMS DEVELOPMENT
KEY GRIP SYSTEMS DEVELOPMENT has existed since 1983. The gross margin fell from €997,145 in 2020 to €63,878 in 2021 and staff from 4 to 1 full-time equivalents.
The gross margin has grown every year since 2023. Solvency rose in 2026 from 68.1% to 93.2% because of the retained profit and lower debts.
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 GRIP SYSTEMS DEVELOPMENT
- What is the company number of KEY GRIP SYSTEMS DEVELOPMENT?
- The company number of KEY GRIP SYSTEMS DEVELOPMENT is 0424.674.710. The VAT number is the same number with BE in front: BE 0424.674.710.
- Where is KEY GRIP SYSTEMS DEVELOPMENT based?
- The registered office is at Maria-Louizasquare 58, 1000 Brussels.Company details
- What does KEY GRIP SYSTEMS DEVELOPMENT do?
- According to the KBO register, the main activity is renting and leasing of other machinery, equipment and tangible goods (NACE 77399).
- What is the legal form of KEY GRIP SYSTEMS DEVELOPMENT?
- KEY GRIP SYSTEMS DEVELOPMENT is a public limited company (NV).
- When was KEY GRIP SYSTEMS DEVELOPMENT founded?
- KEY GRIP SYSTEMS DEVELOPMENT was founded on 20-10-1983.
- Is KEY GRIP SYSTEMS DEVELOPMENT still active?
- Yes, KEY GRIP SYSTEMS DEVELOPMENT is an active enterprise in the KBO register.
- How many employees does KEY GRIP SYSTEMS DEVELOPMENT have?
- KEY GRIP SYSTEMS DEVELOPMENT had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of KEY GRIP SYSTEMS DEVELOPMENT?
- The turnover in financial year 2026 is ≈ €840,000. This figure is estimated from the gross margin of €357,771 and 2,275 comparable companies of the same size. It probably lies between €510,000 and €1.4m. It is a rough estimate.
- Is KEY GRIP SYSTEMS DEVELOPMENT profitable?
- In financial year 2026, KEY GRIP SYSTEMS DEVELOPMENT made a profit of €310,733.
- Where can I find the annual accounts of KEY GRIP SYSTEMS DEVELOPMENT?
- KEY GRIP SYSTEMS DEVELOPMENT filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of KEY GRIP SYSTEMS DEVELOPMENT due?
- KEY GRIP SYSTEMS DEVELOPMENT must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.