KEY GRIP SYSTEMS DEVELOPMENT
ActiveSummary
KEY GRIP SYSTEMS DEVELOPMENT has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.2m and a net result of €310,733. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 32 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability99▲+84
Solvency100▲+7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 2.79 against 2.5 in 2025; short-term debt: 6.8% and cash: 15.2% of total assets), and 6.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
93.2%
Return on assets
24.1%
Age of the figures
6 mo
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 d early
2025
42 d early
2024
3 d early
2023
3 d early
2022
114 d early
2021
110 d early
2020
10 d early
← 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 46 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 20 September (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€310,733
2025 · -€45,315
Working capital
€155,931▼ 76.1%
2025 · €652,258
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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
Line20222023202420252026
Operating result-€93,228-€115,416▼ 23.8%-€71,388▲ 38.1%-€52,159▲ 26.9%€331,968
Net result-€81,038below the sector's middle half-€101,686below the sector's middle half▼ 25.5%-€62,842below the sector's middle half▲ 38.2%-€45,315below the sector's middle half▲ 27.9%€310,733
Equity€1.9mwithin the sector's middle half▼ 11.7%€1.5mwithin the sector's middle half▼ 18.7%€1.4mwithin the sector's middle half▼ 10.5%€932,709within the sector's middle half▼ 32.3%€1.2m▲ 28.7%
Total assets€2.1mwithin the sector's middle half▼ 19.0%€1.8mwithin the sector's middle half▼ 12.8%€1.5mwithin the sector's middle half▼ 17.4%€1.4mwithin the sector's middle half▼ 8.4%€1.3m▼ 6.1%
Debt€183,370▼ 56.3%€271,309▲ 48.0%€118,083▼ 56.5%€437,623▲ 271%€87,007▼ 80.1%
Working capital€1.5mabove the sector's middle half▼ 12.6%€1.2mabove the sector's middle half▼ 20.9%€1.1mabove the sector's middle half▼ 11.1%€652,258within the sector's middle half▼ 39.2%€155,931▼ 76.1%
Solvency91.2%above the sector's middle half▲ 7.5pp85.0%above the sector's middle half▼ 6.2pp92.1%above the sector's middle half▲ 7.1pp68.1%within the sector's middle half▼ 24.0pp93.2%▲ 25.2pp
Current ratio9.43above the sector's middle half▲ 4.245.49above the sector's middle half▼ 3.9410.30above the sector's middle half▲ 4.812.50within the sector's middle half▼ 7.802.79▲ 0.29
Return on assets (ROA)-3.9%below the sector's middle half▼ 5.6pp-5.6%below the sector's middle half▼ 1.7pp-4.2%below the sector's middle half▲ 1.4pp-3.3%below the sector's middle half▲ 0.9pp24.1%▲ 27.5pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €331,968 after a loss of €52,159 in 2025, the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.0m ▲ 269%
Current assets
€242,938 ▼ 77.7%
Equity and liabilities €1.3m
Equity
€1.2m ▲ 28.7%
Debt
€87,007 ▼ 80.1%
Debt's share of the balance-sheet total falls from 31.9% to 6.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€345,019▲
2025 · -€27,503
Cash flow
€323,784▲
2025 · -€20,659
Debt to equity
0.07▼
2025 · 0.47
ROE
25.9%▲
2025 · -4.9%
Interest coverage
1272.99▲
2025 · -28.78
Debt ≤ 1 year
€87,007▼
2025 · €435,124
Income taxes
€43,874▲
2025 · -€42
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 20,134 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €21,070 | €7,656 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,282 | €45,136 | €31,142 | €24,655 | €13,051 | ▼ 47.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €12,368 | €10,703 | €12,416 | €12,175 | €12,752 | ▲ 4.7% |
| Non-recurring operating charges66A | €0 | - | €3,057 | €0 | - | - |
| Gross operating margin9900 | -€1,509 | -€51,921 | -€24,773 | -€15,328 | €357,771 | ▲ 2,434% |
| Operating profit (loss)9901 | -€93,228 | -€115,416 | -€71,388 | -€52,159 | €331,968 | ▲ 736% |
| Financial income75/76B | €16,409 | €18,957 | €14,387 | €7,759 | €22,910 | ▲ 195% |
| Recurring financial income75 | €16,409 | €18,957 | €14,387 | €7,759 | €4,255 | ▼ 45.2% |
| Non-recurring financial income76B | - | - | - | - | €18,655 | - |
| Financial charges65/66B | €2,536 | €5,105 | €5,902 | €956 | €271 | ▼ 71.6% |
| Recurring financial charges65 | €2,536 | €5,105 | €5,902 | €956 | €271 | ▼ 71.6% |
| Profit (loss) for the period before taxes9903 | -€79,354 | -€101,564 | -€62,903 | -€45,356 | €354,606 | ▲ 882% |
| Income taxes67/77 | €1,683 | €121 | -€62 | -€42 | €43,874 | ▲ 105,718% |
| Profit (loss) for the period9904 | -€81,038 | -€101,686 | -€62,842 | -€45,315 | €310,733 | ▲ 786% |
| Profit (loss) for the period to be appropriated9905 | -€81,038 | -€101,686 | -€62,842 | -€45,315 | €310,733 | ▲ 786% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €1.8m | €1.5m | €1.4m | €1.3m | ▼ 6.1% |
| Fixed assets21/28 | €370,447 | €334,027 | €307,606 | €282,950 | €1.0m | ▲ 269% |
| Tangible fixed assets22/27 | €195,741 | €159,457 | €133,035 | €108,380 | €892,954 | ▲ 724% |
| Land and buildings22 | €127,512 | €115,415 | €103,278 | €91,141 | €845,031 | ▲ 827% |
| Plant, machinery and equipment23 | €61,831 | €41,300 | €29,757 | €17,238 | €47,923 | ▲ 178% |
| Furniture and vehicles24 | €6,398 | €2,742 | €0 | - | - | - |
| Financial fixed assets28 | €174,706 | €174,571 | €174,571 | €174,571 | €151,057 | ▼ 13.5% |
| Current assets29/58 | €1.7m | €1.5m | €1.2m | €1.1m | €242,938 | ▼ 77.7% |
| Amounts receivable after more than one year29 | €360,000 | €270,000 | €280,000 | €190,000 | - | - |
| Other amounts receivable291 | €360,000 | €270,000 | €280,000 | €190,000 | - | - |
| Amounts receivable within one year40/41 | €143,279 | €95,255 | €59,083 | €38,906 | €47,315 | ▲ 21.6% |
| Trade receivables40 | €107,858 | €28,772 | €28,513 | €1,924 | €9,184 | ▲ 377% |
| Other amounts receivable41 | €35,422 | €66,483 | €30,569 | €36,982 | €38,131 | ▲ 3.1% |
| Current investments50/53 | €98,673 | €53,392 | - | - | - | - |
| Cash at bank and in hand54/58 | €1.1m | €1.0m | €843,592 | €854,893 | €195,622 | ▼ 77.1% |
| Deferred charges and accrued income490/1 | €11,071 | €7,969 | €5,826 | €3,583 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €1.8m | €1.5m | €1.4m | €1.3m | ▼ 6.1% |
| Equity10/15 | €1.9m | €1.5m | €1.4m | €932,709 | €1.2m | ▲ 28.7% |
| Contributions10/11 | €294,993 | €294,993 | €294,993 | €294,993 | €294,993 | = |
| Capital10 | €294,993 | €294,993 | €294,993 | €294,993 | €294,993 | = |
| Issued capital100 | €294,993 | €294,993 | €294,993 | €294,993 | €294,993 | = |
| Reserves13 | €1.6m | €1.2m | €1.1m | €637,715 | €904,948 | ▲ 41.9% |
| Non-distributable reserves130/1 | €29,499 | €29,499 | €29,499 | €29,499 | €29,499 | = |
| Legal reserve130 | €29,499 | €29,499 | €29,499 | €29,499 | €29,499 | = |
| Distributable reserves133 | €1.6m | €1.2m | €1.1m | €608,216 | €875,449 | ▲ 43.9% |
| Amounts payable17/49 | €183,370 | €271,309 | €118,083 | €437,623 | €87,007 | ▼ 80.1% |
| Amounts payable within one year42/48 | €180,994 | €268,872 | €115,347 | €435,124 | €87,007 | ▼ 80.0% |
| Trade debts44 | €3,606 | €12,833 | €12,847 | €14,364 | €43,507 | ▲ 203% |
| Suppliers440/4 | €3,606 | €12,833 | €12,847 | €14,364 | €43,507 | ▲ 203% |
| Taxes, remuneration and social security45 | €16,838 | €51,440 | €9,400 | €25,248 | €2,175 | ▼ 91.4% |
| Taxes450/3 | €11,133 | €48,400 | €9,400 | €25,248 | €2,175 | ▼ 91.4% |
| Remuneration and social security454/9 | €5,705 | €3,040 | - | - | - | - |
| Other amounts payable47/48 | €160,550 | €204,600 | €93,100 | €395,512 | €41,325 | ▼ 89.6% |
| Accrued charges and deferred income492/3 | €2,376 | €2,437 | €2,736 | €2,499 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€81,038 | -€101,686 | -€62,842 | -€45,315 | €310,733 | ▲ 786% |
| + Depreciation and write-downs630 | €58,282 | €45,136 | €31,142 | €24,655 | €13,051 | ▼ 47.1% |
| Operating cash flow (approximation) | -€22,756 | -€56,550 | -€31,700 | -€20,659 | €323,784 | ▲ 1,667% |
| Investment in fixed assets (approximation) | - | -€8,716 | -€4,720 | €0 | -€774,111 | - |
| Change in cash | - | -€43,919 | -€205,939 | €11,301 | -€659,270 | ▼ 5,934% |
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 2027, expected by
2026
20-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial
Back to profitnet €310,733
Net result €310,733 after 4 loss-making years.
31-03
Financial
Equity above €1mEq €1.2m ▲28.7%
Equity rises from €932,709 to €1.2m.
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Weakest financial yearnet -€101,686
Net result drops to -€101,686, the lowest in the series; recovery starts the following year.
2022
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Highest result since 2018net €633,664 ▲542%
Operating result €694,679, net result €633,664, both a record.
31-03
Financial
Liquidity times 5current ratio 32.65
Current ratio from 7.22 to 32.65; short-term debt falls from €213,352 to €65,772.
Show earlier events
31-03
Financial
Equity above €2mEq €2.5m ▲34%
2 profitable years in a row build equity to €2.5m.
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Brussel · 2 establishment units since 1983
Ground area
6,914 m²
Building footprint
1,129 m²
Volume, LiDAR
21,145 m³
3 parcels, Brussels, Wallonia · tallest building 26.6 m, ±7 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
Generaal Wahislaan 16 F, 1030 Schaarbeek
since 19832.102.409.771
Key Grip Systems Liège
since 20082.170.623.438
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63003A0973/00R000 | Wallonia | 2,651 m² | 1 · 110 m² | - |
| 21904B0384/00K000indicative | Brussels | 2,385 m² | 1 · 626 m² | 26.6 m · 7 fl. |
| 21806F0162/00L000 ProtectedMonumentVoormalig Chirurgisch Instituut |
Brussels | 1,878 m² | 1 · 393 m² | 24.5 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 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: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-03-2026 list no shareholders, and no other source names one.
Holdings 2
-
11%
- 11%
According to the annual accounts to 31-03-2026 of KEY GRIP SYSTEMS DEVELOPMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900G1G5XCXOM2PP27
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Identification & contact
Identification
Legal formPublic limited company
Founded20-10-1983
Fiscal year end31-03
Abbreviation FR
K.G.S.D.
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
26700Manufacture of computer, electronic and optical products
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424674710
Also
9925:BE0424674710
Registered
04-12-2025
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.