KEY IMMO CONSULTING
ActiveSummary
KEY IMMO CONSULTING has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.37M and a net result of €402k. Equity is growing by ~61% per year across the filed fiscal years. Its solvency ranks better than 48% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+35
Solvency55▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.84 against 2.41 in 2024; short-term debt: 20.7% of total assets), but 70.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
29.6%
Return on assets
8.7%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
30 d early
2022
34 d early
2021
16 d late
2020
25 d late
2019
27 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.37M▲ 41.5%
2024 · €968k
2018: €-168klowest in 8 years
2019: €-102k▲ +39.3% vs 2018
2020: €-37k▲ +63.7% vs 2019
2021: €125k▲ +438% vs 2020
2022: €604k▲ +384% vs 2021
2023: €900k▲ +49.0% vs 2022
2024: €968k▲ +7.6% vs 2023
2025: €1.37M▲ +41.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€4.62M▲ 11.5%
2024 · €4.15M
2018: €1.27Mlowest in 8 years
2019: €1.60M▲ +25.6% vs 2018
2020: €1.70M▲ +6.6% vs 2019
2021: €2.37M▲ +39.5% vs 2020
2022: €3.94M▲ +66.1% vs 2021
2023: €3.81M▼ -3.4% vs 2022
2024: €4.15M▲ +8.9% vs 2023
2025: €4.62M▲ +11.5% vs 2024highest in 8 years
2018 → 2025
Net result
€402k▲ 487%
2024 · €68k
2018: €203k
2019: €66k▼ -67.5% vs 2018
2020: €65k▼ -1.7% vs 2019lowest in 8 years
2021: €162k▲ +149% vs 2020
2022: €479k▲ +197% vs 2021highest in 8 years
2023: €296k▼ -38.2% vs 2022
2024: €68k▼ -76.9% vs 2023
2025: €402k▲ +487% vs 2024
2018 → 2025
Working capital
€2.73M▲ 46.9%
2024 · €1.86M
2018: €134k
2019: €20k▼ -85.1% vs 2018lowest in 8 years
2020: €57k▲ +186% vs 2019
2021: €194k▲ +239% vs 2020
2022: €570k▲ +194% vs 2021
2023: €391k▼ -31.5% vs 2022
2024: €1.86M▲ +375% vs 2023
2025: €2.73M▲ +46.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€604k▲ 384%€900k▲ 49.0%€968k▲ 7.6%€1.37M▲ 41.5%
2021: €125klowest in 5 years
2022: €604k▲ +384% vs 2021
2023: €900k▲ +49.0% vs 2022
2024: €968k▲ +7.6% vs 2023
2025: €1.37M▲ +41.5% vs 2024highest in 5 years
Operating result€209k-€620k▲ 198%€460k▼ 25.9%€217k▼ 52.9%€718k▲ 232%
2021: €209klowest in 5 years
2022: €620k▲ +198% vs 2021
2023: €460k▼ -25.9% vs 2022
2024: €217k▼ -52.9% vs 2023
2025: €718k▲ +232% vs 2024highest in 5 years
Net result€162k-€479k▲ 197%€296k▼ 38.2%€68k▼ 76.9%€402k▲ 487%
2021: €162k
2022: €479k▲ +197% vs 2021highest in 5 years
2023: €296k▼ -38.2% vs 2022
2024: €68k▼ -76.9% vs 2023lowest in 5 years
2025: €402k▲ +487% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 232% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.62M
Fixed assets
€937k ▼ 4.0%
Current assets
€3.68M ▲ 16.2%
Equity and liabilities €4.62M
Equity
€1.37M ▲ 41.5%
Debt
€3.25M ▲ 2.3%
Debt's share of the balance-sheet total falls from 76.6% to 70.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€763k▲
2024 · €260k
Cash flow
€447k▲
2024 · €112k
Current ratio
3.84▲
2024 · 2.41
Quick ratio
3.00▲
2024 · 1.81
Debt to equity
2.37▼
2024 · 3.28
ROE
29.3%▲
2024 · 7.1%
ROA
8.7%▲
2024 · 1.7%
Interest coverage
4.83▲
2024 · 1.69
Debt ≤ 1 year
€959k▼
2024 · €1.31M
Debt > 1 year
€2.29M▲
2024 · €1.86M
Income taxes
€199k▲
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.15M€4.62M▲
Fixed assets21/28€976k€937k▼
Intangible fixed assets21€34k€26k▼
Tangible fixed assets22/27€910k€880k▼
Land and buildings22€887k€857k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€12k€12k▼
Other tangible fixed assets26€4k€5k▲
Financial fixed assets28€31k€31k=
Current assets29/58€3.17M€3.68M▲
Amounts receivable after more than one year29€1.85M€2.19M▲
Other amounts receivable291€1.85M€2.19M▲
Stocks and contracts in progress3€788k€813k▲
Stocks30/36€788k€813k▲
Amounts receivable within one year40/41€536k€678k▲
Trade receivables40€228k€190k▼
Other amounts receivable41€308k€488k▲
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€4.15M€4.62M▲
Equity10/15€968k€1.37M▲
Contributions10/11€19k€19k=
Reserves13€950k€1.35M▲
Distributable reserves133€950k€1.35M▲
Amounts payable17/49€3.18M€3.25M▲
Amounts payable after more than one year17€1.86M€2.29M▲
Financial debts170/4€1.86M€2.29M▲
Amounts payable within one year42/48€1.31M€959k▼
Current portion of amounts payable after more than one year42€49k€51k▲
Financial debts43€494k€80k▼
Credit institutions430/8€494k€80k▼
Trade debts44€158k€78k▼
Suppliers440/4€158k€78k▼
Advances received on contracts in progress46€6k€525▼
Taxes, remuneration and social security45€225k€368k▲
Taxes450/3€225k€368k▲
Other amounts payable47/48€381k€381k=
Accrued charges and deferred income492/3€5k€5k▲
Income statement
Code20242025
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€45k▲
Other operating charges640/8€26k€8k▼
Gross operating margin9900€286k€771k▲
Operating profit (loss)9901€217k€718k▲
Financial income75/76B€35k€41k▲
Recurring financial income75€35k€41k▲
Financial charges65/66B€154k€158k▲
Recurring financial charges65€154k€158k▲
Profit (loss) for the period before taxes9903€98k€601k▲
Income taxes67/77€30k€199k▲
Profit (loss) for the period9904€68k€402k▲
Profit (loss) for the period to be appropriated9905€68k€402k▲
Appropriation of the result
Profit (loss) to be appropriated9906€68k€402k▲
Transfer to equity691/2€68k€402k▲
To other reserves6921€68k€402k▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €30k | €32k | €43k | €45k | ▲ 3.7% |
| Other operating charges640/8 | €7k | €10k | €25k | €26k | €8k | ▼ 67.8% |
| Gross operating margin9900 | €226k | €661k | €517k | €286k | €771k | ▲ 170% |
| Operating profit (loss)9901 | €209k | €620k | €460k | €217k | €718k | ▲ 232% |
| Financial income75/76B | €72k | €99k | €101k | €35k | €41k | ▲ 15.4% |
| Recurring financial income75 | €72k | €99k | €101k | €35k | €41k | ▲ 15.4% |
| Financial charges65/66B | €73k | €93k | €132k | €154k | €158k | ▲ 3.0% |
| Recurring financial charges65 | €73k | €93k | €132k | €154k | €158k | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €207k | €626k | €429k | €98k | €601k | ▲ 511% |
| Income taxes67/77 | €45k | €147k | €133k | €30k | €199k | ▲ 564% |
| Profit (loss) for the period9904 | €162k | €479k | €296k | €68k | €402k | ▲ 487% |
| Profit (loss) for the period to be appropriated9905 | €162k | €479k | €296k | €68k | €402k | ▲ 487% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.37M | €3.94M | €3.81M | €4.15M | €4.62M | ▲ 11.5% |
| Fixed assets21/28 | €441k | €903k | €1.09M | €976k | €937k | ▼ 4.0% |
| Intangible fixed assets21 | €8k | €8k | €30k | €34k | €26k | ▼ 25.2% |
| Tangible fixed assets22/27 | €422k | €884k | €1.04M | €910k | €880k | ▼ 3.4% |
| Land and buildings22 | €419k | €881k | €1.04M | €887k | €857k | ▼ 3.4% |
| Plant, machinery and equipment23 | €1k | €2k | €2k | €7k | €5k | ▼ 28.3% |
| Furniture and vehicles24 | €2k | €781 | €985 | €12k | €12k | ▼ 0.1% |
| Other tangible fixed assets26 | - | - | - | €4k | €5k | ▲ 41.0% |
| Financial fixed assets28 | €11k | €11k | €11k | €31k | €31k | = |
| Current assets29/58 | €1.93M | €3.04M | €2.72M | €3.17M | €3.68M | ▲ 16.2% |
| Amounts receivable after more than one year29 | - | - | - | €1.85M | €2.19M | ▲ 18.6% |
| Other amounts receivable291 | - | - | - | €1.85M | €2.19M | ▲ 18.6% |
| Stocks and contracts in progress3 | - | €721k | €748k | €788k | €813k | ▲ 3.2% |
| Stocks30/36 | - | €721k | €748k | €788k | €813k | ▲ 3.2% |
| Amounts receivable within one year40/41 | €1.62M | €2.22M | €1.82M | €536k | €678k | ▲ 26.5% |
| Trade receivables40 | €160k | €364k | €237k | €228k | €190k | ▼ 16.5% |
| Other amounts receivable41 | €1.46M | €1.85M | €1.58M | €308k | €488k | ▲ 58.3% |
| Cash at bank and in hand54/58 | €240k | €2k | €53k | - | - | - |
| Deferred charges and accrued income490/1 | €69k | €97k | €100k | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.37M | €3.94M | €3.81M | €4.15M | €4.62M | ▲ 11.5% |
| Equity10/15 | €125k | €604k | €900k | €968k | €1.37M | ▲ 41.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €106k | €585k | €881k | €950k | €1.35M | ▲ 42.3% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €104k | €583k | €881k | €950k | €1.35M | ▲ 42.3% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €2.25M | €3.34M | €2.91M | €3.18M | €3.25M | ▲ 2.3% |
| Amounts payable after more than one year17 | €496k | €858k | €565k | €1.86M | €2.29M | ▲ 23.1% |
| Financial debts170/4 | €257k | €618k | €565k | €1.86M | €2.29M | ▲ 23.1% |
| Other amounts payable178/9 | €240k | €240k | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.74M | €2.47M | €2.33M | €1.31M | €959k | ▼ 27.0% |
| Current portion of amounts payable after more than one year42 | €26k | €252k | €53k | €49k | €51k | ▲ 3.4% |
| Financial debts43 | €0 | €460k | €589k | €494k | €80k | ▼ 83.9% |
| Credit institutions430/8 | €0 | €460k | €589k | €494k | €80k | ▼ 83.9% |
| Trade debts44 | €43k | €201k | €136k | €158k | €78k | ▼ 50.3% |
| Suppliers440/4 | €43k | €201k | €136k | €158k | €78k | ▼ 50.3% |
| Advances received on contracts in progress46 | - | €182 | €0 | €6k | €525 | ▼ 91.5% |
| Taxes, remuneration and social security45 | €90k | €240k | €330k | €225k | €368k | ▲ 63.2% |
| Taxes450/3 | €90k | €240k | €330k | €225k | €368k | ▲ 63.2% |
| Other amounts payable47/48 | €1.58M | €1.32M | €1.22M | €381k | €381k | = |
| Accrued charges and deferred income492/3 | €14k | €12k | €13k | €5k | €5k | ▲ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €162k | €479k | €296k | €68k | €402k | ▲ 487% |
| + Depreciation and write-downs630 | €10k | €30k | €32k | €43k | €45k | ▲ 3.7% |
| Operating cash flow (approximation) | €172k | €509k | €328k | €112k | €447k | ▲ 300% |
| Investment in fixed assets (approximation) | - | €-492k | €-215k | €67k | €-6k | ▼ 109% |
| Change in cash | - | €-239k | €52k | - | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €1MEq €1.37M ▲41.5%
8 profitable years in a row build equity to €1.37M.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.41
Current ratio from 1.17 to 2.41; short-term debt falls from €2.33M to €1.31M.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €479k ▲197%
Net result €479k, the highest in the series.
31-12
Financial
Equity above €500kEq €604k ▲384%
5 profitable years in a row build equity to €604k.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Equity above €100kEq €125k
4 profitable years in a row build equity to €125k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet €65k ▼1.7%
Net result drops to €65k, the lowest in the series; recovery starts the following year.
Show earlier events
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brugge · 1 establishment unit since 2024
Ground area
5,181 m²
Building footprint
1,416 m²
Parcel 31812P0100/00P019, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Key Immo Consulting
since 20242.358.197.484
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812P0100/00P019 | Flanders | 5,181 m² | 1 · 1,416 m² | - |
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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ABIMA
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,526 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
Founded19-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68310Real estate agency activities
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68322Real estate appraisal on a fee or contract basis
Scores and ratios are computed by Checked and are not a credit decision.