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KEY GRIP SYSTEMS DEVELOPMENT

Active
Public limited companyfounded 1983active for 43 yearsMaria-Louizasquare 58, 1000 Brussel, BelgiumKBO/BCE: BE 0424.674.710

From the official registers: KBO 42 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

KEY GRIP SYSTEMS DEVELOPMENT has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.2m and a net result of €310,733. Equity has been shrinking by about 12% per year since 2018. Its solvency ranks better than 92% of 125 sector peers (NACE 77, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

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KEY GRIP SYSTEMS DEVELOPMENTActiveChecked score 98/100
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Overview

Overview

Official details

KBO
Status
Active since 20-10-1983 Normal situation
Activity
Renting and leasing of other machinery, equipment and tangible goods NACE 77399and 2 others
Establishment units
2.102.409.771 1030 Schaarbeek, since 06-11-1983
2.170.623.438 4880 Aubel, since 19-05-2008
Financial year end
31 March
Peppol
Reachable since 04-12-2025
Company details

Board and ownership

Board
  • Theunissen BenoîtDirector · since 12-06-2014
Holdings
Shares in 2 companies KEY GRIP SYSTEMS and KEY GRIP SYSTEMS WALLONIA
Board & ownership

Financial position

98 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 31-03-2026
Gross margin
€357,771
Turnover
≈ €850,000
estimated
Profit
€310,733
Equity
€1.2m
▲ 28.7%
Total assets
€1.3m
▼ 6.1%
Filed on 20-09-2026, 41 days before the deadlineat the National Bank
Financials
Score breakdownlowers riskFounded in 1983Size: total assets €1.3mEquity €1.2m (93.2% of total assets)Liquidity: current ratio 2.79, cash €195,622, halvedShow the evidence

Checked score

Score 2026
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 85% of micro companies in rental and leasing (NACE 77)
Every signal that counts is listed under Signals.
Financial strength · tick: 2025
Strong
Solvency 100+7
equity 93.2% of total assets
Liquidity 69-17
short-term debt 6.8% · cash 15.2%
Profitability 99+84
return on assets 24.1%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,169 companies, NACE 77, micro)
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
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.
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 01-11-2026 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.

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).

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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

Five signals.
lowers riskneutral
lowers risk · Founded in 1983
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €1.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €1.2m (93.2% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.79, cash €195,622, halved
NBB · annual accounts
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 filings
Deviation 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 months
Where today falls in the filing period
01-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2026, full format

Annual accounts 2026 filed on 20-09-2026 at the NBB all 42 filings

Turnover
≈ €850,000
Estimated: probably between €510,000 and €1.4m
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

2022 to 2026, 5 financial years 2018 to 2026, 8 financial years

The operating result for 2026 is a profit of €331,968, after a loss of €52,159 in 2025. It is the highest result since 2022.

Operating result€0.3m 2026 Net result€0.3m 2026

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182020202120222023202420252026
Operating result€0.1m-€0.7m-€0.04m▼ 94.6%-€0.09m-€0.1m▼ 23.8%-€0.07m▲ 38.1%-€0.05m▲ 26.9%€0.3m
Net result€0.1m-€0.6m-€0.04mwithin the sector's middle half▼ 93.1%-€0.08mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 25.5%-€0.06mbelow the sector's middle half▲ 38.2%-€0.05mbelow the sector's middle half▲ 27.9%€0.3m
Equity€1.9m-€2.5m-€2.1mwithin the sector's middle half▼ 14.2%€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%€0.9mwithin the sector's middle half▼ 32.3%€1.2m▲ 28.7%
Total assets€2.2m-€2.6m-€2.6mwithin the sector's middle half▼ 3.1%€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€0.2m-€0.07m-€0.4m▲ 517%€0.2m▼ 56.3%€0.3m▲ 48.0%€0.1m▼ 56.5%€0.4m▲ 271%€0.09m▼ 80.1%
Working capital€1.3m-€2.1m-€1.7mabove the sector's middle half▼ 16.2%€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%€0.7mwithin the sector's middle half▼ 39.2%€0.2m▼ 76.1%
Solvency86.4%-94.5%-83.6%above the sector's middle half▼ 10.9pp91.2%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 ratio7.22-32.65-5.19above the sector's middle half▼ 27.479.43above 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)4.6%-24.0%-1.7%within the sector's middle half▼ 22.3pp-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)5.2-4-1below the sector's middle half▼ 75.0%1below the sector's middle half=1below the sector's middle half=
above within below The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
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
2026 value · change against 2025
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
over 100▲
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.

Comparable companies

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.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
KEY GRIP SYSTEMS DEVELOPMENT Brussel1983€1.3m€1.2m€0.4m-€0.3m-2026
CONTAINERVERHURING TERGA Ieper1986€1.4m€0.9m€0.4m--€0.09m7.82025
Gene-Electra Brussel1973€1.5m€1.2m€0.3m-€0.1m32025
de HALLEUX Evere1989€1.7m€0.4m€0.6m-€0.2m3.92024
Neptunus Belgium Zonhoven1979€1.0m€0.4m€0.4m€5.0m€0.1m22025
Rogiers D-Dream Berlare1990€1.2m€0.7m€0.3m--€0.05m32025
UMANS IMMO Pelt1978€1.8m€0.9m€0.3m-€0.1m-2025

They were chosen from the 705 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 20,136 companies had the same profile as KEY GRIP SYSTEMS DEVELOPMENT has now. Two years later, 0.2% had gone bankrupt and 95.0% were 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
95.0% was still going

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 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 20,136 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 51 lines

Source: Annual accounts 2026 at the NBB, filed on 20-09-2026.

Balance sheet Code20252026
Assets
Total assets20/58€1.4m€1.3m▼
Fixed assets21/28€0.3m€1.0m▲
Tangible fixed assets22/27€0.1m€0.9m▲
Land and buildings22€0.09m€0.8m▲
Plant, machinery and equipment23€0.02m€0.05m▲
Financial fixed assets28€0.2m€0.2m▼
Current assets29/58€1.1m€0.2m▼
Amounts receivable after more than one year29€0.2m-
Other amounts receivable291€0.2m-
Amounts receivable within one year40/41€0.04m€0.05m▲
Trade receivables40€0.002m€0.009m▲
Other amounts receivable41€0.04m€0.04m▲
Cash at bank and in hand54/58€0.9m€0.2m▼
Deferred charges and accrued income490/1€0.004m-
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m▼
Equity10/15€0.9m€1.2m▲
Contributions10/11€0.3m€0.3m=
Capital10€0.3m€0.3m=
Issued capital100€0.3m€0.3m=
Reserves13€0.6m€0.9m▲
Non-distributable reserves130/1€0.03m€0.03m=
Legal reserve130€0.03m€0.03m=
Distributable reserves133€0.6m€0.9m▲
Amounts payable17/49€0.4m€0.09m▼
Amounts payable within one year42/48€0.4m€0.09m▼
Trade debts44€0.01m€0.04m▲
Suppliers440/4€0.01m€0.04m▲
Taxes, remuneration and social security45€0.03m€0.002m▼
Taxes450/3€0.03m€0.002m▼
Other amounts payable47/48€0.4m€0.04m▼
Accrued charges and deferred income492/3€0.002m-
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.01m▼
Other operating charges640/8€0.01m€0.01m▲
Non-recurring operating charges66A€0-
Gross operating margin9900-€0.02m€0.4m▲
Operating profit (loss)9901-€0.05m€0.3m▲
Financial income75/76B€0.008m€0.02m▲
Recurring financial income75€0.008m€0.004m▼
Non-recurring financial income76B-€0.02m
Financial charges65/66B€0.001m€271▼
Recurring financial charges65€0.001m€271▼
Profit (loss) for the period before taxes9903-€0.05m€0.4m▲
Income taxes67/77-€42€0.04m▲
Profit (loss) for the period9904-€0.05m€0.3m▲
Profit (loss) for the period to be appropriated9905-€0.05m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.05m€0.3m▲
Transfer from equity791/2€0.4m€0.04m▼
Transfer to equity691/2-€0.3m
To other reserves6921-€0.3m
Profit to be distributed694/7€0.4m€0.04m▼
Return on contributions (dividend)694€0.4m€0.04m▼

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182020202120222023202420252026Change
Remuneration, social security and pensions62---€21,070€7,656----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€203,967€91,316€66,422€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€572,256€997,145€63,878-€1,509-€51,921-€24,773-€15,328€357,771-
Operating profit (loss)9901€123,203€694,679€37,484-€93,228-€115,416-€71,388-€52,159€331,968-
Financial income75/76B---€16,409€18,957€14,387€7,759€22,910▲ 195%
Recurring financial income75€18,335€20,244€20,574€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€3,590€13,930€2,213€2,536€5,105€5,902€956€271▼ 71.6%
Profit (loss) for the period before taxes9903€137,948€950,993€55,845-€79,354-€101,564-€62,903-€45,356€354,606-
Income taxes67/77€39,209€317,329€12,066€1,683€121-€62-€42€43,874-
Profit (loss) for the period9904€98,738€633,664€43,779-€81,038-€101,686-€62,842-€45,315€310,733-
Profit (loss) for the period to be appropriated9905€98,738€633,664€43,779-€81,038-€101,686-€62,842-€45,315€310,733-
Line20182020202120222023202420252026Change
Assets
Total assets20/58€2.2m€2.6m€2.6m€2.1m€1.8m€1.5m€1.4m€1.3m▼ 6.1%
Fixed assets21/28€0.6m€0.5m€0.4m€0.4m€0.3m€0.3m€0.3m€1.0m▲ 269%
Tangible fixed assets22/27€0.6m€0.3m€0.2m€0.2m€0.2m€0.1m€0.1m€0.9m▲ 724%
Land and buildings22---€0.1m€0.1m€0.1m€0.09m€0.8m▲ 827%
Plant, machinery and equipment23---€0.06m€0.04m€0.03m€0.02m€0.05m▲ 178%
Furniture and vehicles24---€0.006m€0.003m€0---
Financial fixed assets28€0.04m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m▼ 13.5%
Current assets29/58€1.5m€2.1m€2.2m€1.7m€1.5m€1.2m€1.1m€0.2m▼ 77.7%
Amounts receivable after more than one year29---€0.4m€0.3m€0.3m€0.2m--
Other amounts receivable291---€0.4m€0.3m€0.3m€0.2m--
Stocks and contracts in progress3-€0.2m-------
Amounts receivable within one year40/41€0.6m€0.3m€0.3m€0.1m€0.1m€0.06m€0.04m€0.05m▲ 21.6%
Trade receivables40---€0.1m€0.03m€0.03m€0.002m€0.009m▲ 377%
Other amounts receivable41---€0.04m€0.07m€0.03m€0.04m€0.04m▲ 3.1%
Current investments50/53€0.03m€0.04m€0.06m€0.1m€0.05m----
Cash at bank and in hand54/58€0.9m€1.1m€1.3m€1.1m€1.0m€0.8m€0.9m€0.2m▼ 77.1%
Deferred charges and accrued income490/1---€0.01m€0.008m€0.006m€0.004m--
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.6m€2.6m€2.1m€1.8m€1.5m€1.4m€1.3m▼ 6.1%
Equity10/15€1.9m€2.5m€2.1m€1.9m€1.5m€1.4m€0.9m€1.2m▲ 28.7%
Contributions10/11€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Capital10---€0.3m€0.3m€0.3m€0.3m€0.3m=
Issued capital100---€0.3m€0.3m€0.3m€0.3m€0.3m=
Reserves13€1.6m€2.2m€1.8m€1.6m€1.2m€1.1m€0.6m€0.9m▲ 41.9%
Non-distributable reserves130/1---€0.03m€0.03m€0.03m€0.03m€0.03m=
Legal reserve130---€0.03m€0.03m€0.03m€0.03m€0.03m=
Distributable reserves133---€1.6m€1.2m€1.1m€0.6m€0.9m▲ 43.9%
Provisions and deferred taxes16€0.08m€0.08m-------
Amounts payable17/49€0.2m€0.07m€0.4m€0.2m€0.3m€0.1m€0.4m€0.09m▼ 80.1%
Amounts payable after more than one year17€0.005m--------
Amounts payable within one year42/48€0.2m€0.07m€0.4m€0.2m€0.3m€0.1m€0.4m€0.09m▼ 80.0%
Trade debts44€0.1m€0.05m€0.008m€0.004m€0.01m€0.01m€0.01m€0.04m▲ 203%
Suppliers440/4---€0.004m€0.01m€0.01m€0.01m€0.04m▲ 203%
Taxes, remuneration and social security45---€0.02m€0.05m€0.009m€0.03m€0.002m▼ 91.4%
Taxes450/3---€0.01m€0.05m€0.009m€0.03m€0.002m▼ 91.4%
Remuneration and social security454/9---€0.006m€0.003m----
Other amounts payable47/48---€0.2m€0.2m€0.09m€0.4m€0.04m▼ 89.6%
Accrued charges and deferred income492/3---€0.002m€0.002m€0.003m€0.002m--
Line20182020202120222023202420252026Change
Profit (loss) for the period9904€98,738€633,664€43,779-€81,038-€101,686-€62,842-€45,315€310,733-
+ Depreciation and write-downs630€203,967€91,316€66,422€58,282€45,136€31,142€24,655€13,051▼ 47.1%
Operating cash flow (approximation)€302,706€724,980€110,201-€22,756-€56,550-€31,700-€20,659€323,784-
Investment in fixed assets (approximation)--€28,935-€27,627-€8,716-€4,720€0-€774,111-
Change in cash--€225,557-€182,269-€43,919-€205,939€11,301-€659,270-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 42 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 full format 20-09-2026 2026-00525370 NBB
31-03-2025 full format 19-09-2025 2025-00497878 PDF
31-03-2024 full format 28-10-2024 2024-00528466 PDF
31-03-2023 full format 28-10-2023 2023-00501139 PDF
31-03-2022 full format 09-07-2022 2022-20177005 PDF
31-03-2021 full format 13-07-2021 2021-35600559 PDF
31-03-2020 full format 21-10-2020 2020-62100301 PDF
31-12-2018 full format 25-06-2019 2019-21600172 PDF
31-12-2017 full format 23-07-2018 2018-35700212 PDF
31-12-2016 full format 14-07-2017 2017-30900133 PDF

Show all 42 filings

Board & ownership

Directors

Directors
1 director
Theunissen Benoît
Director · since 12-06-2014 · listed in the 2026 annual accounts, filed on 20-09-2026
Current
Office holders in the KBO →
See the board, name and registered office on a given date →

Owners and capital

Owners

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Network & group

Holdings and subsidiaries

2 holdings

Holdings 2

Source for every holding own accounts 31-03-2026

Connections & network

1 current director
Depth

The network starts from the directors of KEY GRIP SYSTEMS DEVELOPMENT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2027 accounts: 31-10-2027
2026
20-09
NBB filing Annual accounts filedNBB
financial year 2026 · full format
31-03
Financial Back to profitnet €310,733
The net result is €310,733, after 4 loss-making years.
31-03
Financial Equity above €1mequity €1.2m ▲28.7%
Equity rises from €932,709 to €1.2m.
2025
12-11
Gazette deed General meeting · Director resignationPDF
Director discharge · Permanent representative
19-09
NBB filing Annual accounts filedPDF
financial year 2025 · full format
2024
28-10
NBB filing Annual accounts filedPDF
financial year 2024 · full format
2023
28-10
NBB filing Annual accounts filedPDF
financial year 2023 · full format
31-03
Financial Weakest financial yearnet -€101,686
The net result drops to -€101,686, the lowest from 2018 to 2026. It recovers the following year.
2022
19-10
Gazette deed General meeting · Permanent representativePDF
Director reappointment · Representation rule
09-07
NBB filing Annual accounts filedPDF
financial year 2022 · full format
2021
13-07
NBB filing Annual accounts filedPDF
financial year 2021 · full format
2020
21-10
NBB filing Annual accounts filedPDF
financial year 2020 · full format
Show earlier events
31-03
Financial Highest result from 2018 to 2026net €633,664 ▲542%
The operating result of €694,679 and the net result of €633,664 are both a record.
31-03
Financial Liquidity more than quadruplescurrent ratio 32.65
The current ratio rises from 7.22 to 32.65. Short-term debt falls from €213,352 to €65,772.
31-03
Financial Equity above €2mequity €2.5m ▲34%
With a profit in every financial year since 2018, equity grows to €2.5m.
2019
25-06
NBB filing Annual accounts filedPDF
financial year 2018 · full format
2018
23-07
NBB filing Annual accounts filedPDF
financial year 2017 · full format
2017
14-07
NBB filing Annual accounts filedPDF
financial year 2016 · full format

Show all 42 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

KEY GRIP SYSTEMS DEVELOPMENT was incorporated on 20 October 1983.1 Total assets fell from €2.2m in 2018 to €1.3m in 2026 and headcount from 5.2 full-time equivalents in 2018 to 1 in 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2023 and 2026

Company details

Register details

Identity

KBO record
Name KEY GRIP SYSTEMS DEVELOPMENT in French
Abbreviation K.G.S.D. in French
Enterprise number 0424.674.710
Legal form Public limited company
Status Active, normale toestand
Founded 20-10-1983
Entity type Legal entity

Registered office and establishments

Registered office Maria-Louizasquare 58, 1000 Brussel, Belgium
Establishments 2 establishment units since 1983

Activities

NACEBEL 2025
77399 Renting and leasing of other machinery, equipment and tangible goods main activity
26700 Manufacture of computer, electronic and optical products
68203 Renting and operating of own or leased non-residential real estate, excluding land

Invoicing and payment

VAT number BE 0424.674.710
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0424674710
Other Peppol ID 9925:BE0424674710
Registered 04-12-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-03

Recognitions · licences · registrations

Legal Entity Identifier

254900G1G5XCXOM2PP27
no longer live in the LEI register

Sites & property

Location
registered office establishment approximate All 2 establishment units on the map
7 companies at this address See who is registered here
2 establishment units
Generaal Wahislaan 16 F, 1030 Schaarbeek
Manufacture of machinery and equipment not elsewhere classified
since 1983unit number 2.102.409.771
Key Grip Systems Liège
Graedt (St Jean-Sart) 47, 4880 AubelRenting and leasing of other machinery, equipment and tangible goods
since 2008unit number 2.170.623.438

Buildings and parcels at the addresses

Ground area
6,914 m²
Building footprint
1,129 m²
Building volume
21,145 m³
3 parcels, Brussels, Wallonia · tallest building 26.6 m.
3 parcels
Wallonia 1 (33.3%) Brussels 2 (66.7%)
Cadastral parcel Region Area Buildings Height / floors
63003A0973/00R000 Wallonia 2,651 m² 1 · 110 m² -
21904B0384/00K000indicative Brussels 2,385 m² 1 · 626 m² 26.6 m · 7
21806F0162/00L000
ProtectedMonumentVoormalig Chirurgisch Instituut
 Brussels 1,878 m² 1 · 393 m² 24.5 m · 7

1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.

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