KEY LOCKS
Overview
Lifetime
2 annual accounts with figures on one time axisKey points
from the 2024 annual accountsInvestments
Green is investment, beige is depreciation.
Position in the sector
Less equity than 89% of companies in fabricated metal products. Sector median €75,002 · 2,408 companies.
Checked score
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Financial strengthWeak
Score breakdown
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 25, micro). It does better than 17% of them on solvency, 6% on liquidity, 49% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 7,976 companies had the same profile as KEY LOCKS has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KEY LOCKS itself: 4.5% 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 7,976 companies, not a prediction for KEY LOCKS. 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
Liquidity is insufficient, with a current ratio of 0.95 (1.02 in 2023), below 1. Short-term debt is 86.5% and cash 7.5% of total assets. 86.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 26 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
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Recent changes
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KEY LOCKS Schaerbeek | €18,337 | €3,011 | 13.5% | - |
| CLEFS 50 NAIRE Etterbeek | €20,127 | €6,733 | 23.2% | - |
| LDB Group Schaerbeek | €25,793 | €284 | 34.6% | - |
| Serrurier Vitrier Liège Liège | €8,574 | €3,688 | 86.4% | - |
| ASPAVA Beveren-Kruibeke-Zwijndrecht | €27,268 | €11,216 | 33.4% | - |
| HOME CARE SERVICES A.M Ternat | €19,421 | -€14,004 | 56.8% | - |
| HOME ARMATURE Uccle | €19,606 | -€33,251 | -79.3% | - |
These companies have the same main activity as KEY LOCKS: manufacture of fabricated metal products, except machinery and equipment (NACE 25620). They are comparable in size and age: total assets between €8,570 and €27,300, founded between 2018 and 2024.
Official details
Source: KBO- Status
- Active since 17-11-2022Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipmentNACE 25620and 3 others
- Establishment unit
- 2.343.203.5611030 Schaerbeek, since 17-11-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Annual accounts 2024
- €33,159▲ 177%
- €2,283
- €2,469▲ 13×
- €18,337▲ 84.9%
- Filing
- Filed on 02-07-2025
Insights on KEY LOCKS
Solvency rose in 2024 from 1.9% to 13.5% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 02-07-2025, 29 days before the deadline2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Money flows
of every €100 of turnover, €6.88 remains as profit in 2024Balance sheet
balance sheet total €18,337 on 31-12-2024in euro
in euro
Position in the sector
13.5%
Higher than 18% of 2,405 companies in 2024.
0.95
Higher than 23% of 2,367 companies in 2024.
12.4%
Higher than 67% of 2,384 companies in 2024.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
18,337 | 9,920 | |
21/28 |
3,302 | - | |
22/27 |
3,302 | - | |
24 |
3,302 | - | |
29/58 |
15,034 | 9,920 | |
3 |
13,283 | 4,828 | |
30/36 |
13,283 | 4,828 | |
40/41 |
368 | 1,426 | |
40 |
- | 134 | |
41 |
368 | 1,292 | |
54/58 |
1,384 | 3,666 | |
| Balance sheet: equity and liabilities | |||
10/49 |
18,337 | 9,920 | |
10/15 |
2,469 | 187 | |
10/11 |
2,000 | 2,000 | |
14 |
469 | -1,813 | |
17/49 |
15,867 | 9,733 | |
42/48 |
15,867 | 9,733 | |
44 |
624 | 521 | |
440/4 |
624 | 521 | |
45 |
118 | 840 | |
450/3 |
118 | 840 | |
47/48 |
15,125 | 8,372 | |
| Income statement | |||
70 |
33,159 | 11,975 | |
9900 |
3,011 | -1,784 | |
60/61 |
30,149 | 13,759 | |
630 |
198 | - | |
640/8 |
217 | 8 | |
9901 |
2,596 | -1,791 | |
75/76B |
1 | 1 | |
76B |
1 | 1 | |
65/66B |
314 | 23 | |
65 |
163 | 23 | |
66B |
151 | - | |
9903 |
2,283 | -1,813 | |
9904 |
2,283 | -1,813 | |
9905 |
2,283 | -1,813 | |
| Appropriation of the result | |||
9906 |
469 | -1,813 | |
14P |
-1,813 | - | |
| Document | |||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 02-07-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| 2,793 | - | ||
| 2,480 | - | ||
| 3,302 | - | ||
| -2,283 | - | ||
| -833 | 187 | ||
| 7.8% | -15.0% | ||
| 13.5% | 1.9% | ||
| 0.95 | 1.02 | ||
| 0.11 | 0.52 | ||
| 6.43 | - | ||
| 92.4% | - | ||
| 12.4% | -18.3% | ||
| 17.09 | - | ||
| 4 days | 4 days | ||
| 8 days | 14 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 |
|---|---|---|
| Tangible fixed assets | €3,302 | - |
| €198 | - |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Insights on KEY LOCKS
The operating result for 2024 is a profit of €2,596, after a loss of €1,791 in 2023.
Debt's share of the balance-sheet total falls from 98.1% to 86.5%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 21-11-2022
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Mandates as a list
- AHRAOU Mohamed Reda
- Director (not named in the articles), appointed by deed of 21-11-2022, still in office
Control
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €24.69 in 2024
- Source
- deed of 21-11-2022
Articles of association
deed of 21-11-2022 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
- AHRAOU Mohamed Reda 100 shares (100%) · €2,000 in cash
Network & group
No group
KEY LOCKS has no parent and no holdings in its annual accounts. AHRAOU Mohamed Reda is the only director. KEY LOCKS shares no director with another company.
At the same address
Haachtsesteenweg 640, 1030 Schaerbeek · 1 other company| T.G.M.
registered office since 30-10-1991 |
founded in 1991 0445.496.749 |
Timeline
Timeline
6 events since 2022
IncorporationFounding capital of €2,000, 100 shares · Founder: AHRAOU Mohamed Reda · Appointment: AHRAOU Mohamed Reda (director) · published on 21-11-20227 points ▸
- Founder, AHRAOU Mohamed Reda
- Founding capital, €2,000, 100 shares
- 100 shares
- Registered office clause, chaussee de Haecht 640, 1030 Schaerbeek
- Board rule, 1
- Director appointment, AHRAOU Mohamed Reda (director (not named in the articles))
- Permanent representative, AHRAOU Mohamed Reda
- The deed holds 5 more points.
Financial 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 LOCKS was incorporated on 17 November 2022 as a private limited company by one natural person, with a starting capital of €2,000.12 AHRAOU Mohamed Reda is director of the company, appointed by deed of 21-11-2022.2 The company has filed 2 sets of annual accounts, the latest for financial year 2024.3
Company details
Identity
- Enterprise number
- 0793.686.563
- VAT number
- BE 0793.686.563
- Peppol ID
- 0208:0793686563
- Other Peppol ID
- 9925:BE0793686563
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 17-11-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 18:00deed of 21-11-2022 (in French)
- Peppol
- Reachable since 30-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- KEY LOCKS in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 21-11-2022 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 21-11-2022 (in French)
Activities
NACEBEL 2025Codes under NACEBEL 2008
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Gravure de tous types,entre autre de plaques d’immatriculation,le commerce y relatif; L’entretien ou à la désinfection intérieur ou…”deed of 21-11-2022 (in French)
49 activities
- Gravure de tous types,entre autre de plaques d’immatriculation,le commerce y relatif.
- L’entretien ou à la désinfection intérieur ou extérieur,par tous les moyens,techniques et/ou méthode appropriés,de bâtiments de tous types,en ce compris les immeubles résidentiels,appartement,bureaux,ateliers,usines,magasins,ainsi que de tous les locaux ou surface à usage privé,professionnel et/ou commercial;
- Activités de nettoyage spécialisé de bâtiments,telles que le nettoyage des vitres (intérieures et extérieures),le ramonage des cheminées,le nettoyage des âtres,des fourneaux,des incinérateurs,des chaudières,des gaines de ventilations et des dispositifs d’évacuation des fumées,le ravalement et nettoyage de façades,le nettoyage à la vapeur,le sablage et les activités analogues concernant les parties extérieures des bâtiments;
- Nettoyage de machines industrielles;
- Nettoyage de tous bâtiments nouveaux et à la remise en état des lieux après travaux.
- A toutes autres activités de nettoyage des bâtiments,véhicules et de nettoyage industriel;
- Installation et dépannage de tous travaux de serrurerie.
- Vente,pose de matériel électronique,de système de contrôle d’accès.
- Négoce de Serrurerie,quincaillerie en gros,demi-gros,détail.
- Vente,achat création de tout objet publicitaire.
- Dépannage de serrurerie,menuiserie,vitrerie,ouverture de portes.
- Travaux de fabrication,création,pose montage d’objet de serrurerie,métallerie et ferronnerie.
- Ouverture,entretien,fermeture de coffre-fort,ainsi que le commerce au sens large de coffres-forts;
- L’entreprise générale de travaux,de terrassements,pose de câbles et canalisations,rénovation et réhabilitation de bâtiments (travaux intérieurs et extérieurs),travaux de décoration,tous travaux de menuiserie et charpenterie (en ce compris pose de châssis),menuiserie intérieure et extérieure,aménagement de magasins,travaux et entreprises d’électricité,de plomberie,de carrelage,de chauffage central,de gaz,d’étanchéité,de plafonnage; la quincaillerie et les matériaux de construction;
- L’entreprise du bâtiment (immeubles d’habitation,industriels ou commerciaux),sans limitation d’activité,celles qui seraient réglementées et débutant à partir des agréations,en ce compris l’entreprise générale,à titre exemplatif mais non limitatif;
- La construction,la transformation,l’achèvement,l’aménagement,la réparation,l’entretien,le nettoyage,le ferraillage du béton,le traitement et la démolition d’immeubles ainsi que toutes opérations comportant à la fois la fourniture d’un bien meuble et son placement dans un immeuble de telle manière que ce bien meuble devienne immeuble par nature;
- Toutes opérations relatives à un bureau d’études de stabilité,d’HVAC,de sanitaires,d’électricité et acoustique qui serait chargé notamment de l’établissement d’études,plans,coordination en ces domaines ainsi que la pose de carrelage;
- Toutes installations générales électriques (installation et raccord de tableaux divisionnaires haute et basse tension,groupes électrogènes,etcetera ainsi que l’éclairage pour l’aménagement extérieur;
- Toutes installations électriques de mécanismes de protection contre le vol et l’incendie;
- Toutes installations de sanitaires,de plomberie,de toitures et toutes autres installations techniques similaires;
- Toutes opérations co-relatives aux travaux de peinture,de pose de papier peint,de recouvrement de sols,etcetera;
- Toutes opérations comportant à la fois la fabrication,la fourniture,la fixation et l’installation de châssis,de volets,de persiennes,de hottes,de ventilateurs,d’armoires de rangement en bois,aluminium,PVC et en toutes matières quelconques sans que cette liste ne soit exhaustive;
- La fabrication,l’achat,la vente en gros ou en détail et la commercialisation en général de matériels nécessaires à la construction ou à la rénovation d’immeubles;
- L’activité d’intermédiaire dans de telles opérations;
- L’entreprise d’installation d’échafaudage,de rejointoiement et de nettoyage de façades;
- Toutes activités en rapport avec la manutention et le déménagement;
- L’entretien et la création de parcs,de jardins,d’espaces;
- La gérance et l’administration de toutes constructions privées,commerciale,industrielle ou publique;
- Le transport (national et international) routier de tous biens et marchandises périssables et non périssables,de colis,colis express,courriers,courriers express;
- L’enlèvement,la conservation,le stockage de marchandises,colis et courriers et le groupement d’envois individuels pour l’expédition,la distribution,la livraison de marchandises,colis et courriers à l’arrivée;
- Toutes activités relatives au ramassage,triage,affranchissement du courrier et des colis ainsi que leur distribution;
- Le transport routier de biens et de marchandises au sens le plus large du terme;
- L’exploitation de sociétés de transport et le transport de courrier;
- L’exploitation de sociétés de taxis,de transport de personnes et de biens;
- L’exploitation d’autobus scolaires,de navettes vers l’aéroport et les gars,le transport de personnel par route occasionnel ou régulier,etcetera;
- Autres transports routiers de passagers,non réguliers : transports à la demande,excursions touristiques par autocar ou autobus,etcetera;
- Transports de voyageurs par taxis,exploitation de taxis;
- Location de voitures particulières avec chauffeur;
- Le transport et la livraison à domicile de tous produits généralement quelconques,périssables et non périssables,l’enlèvement,le stockage,la répartition de tous produits généralement quelconques et non périssables;
- Tout ce qui se rattache au transport national et international,terrestre,maritime et aérien de tous biens et marchandises;
- Vente des articles de presses,tels que des journaux,quotidiens,hebdomadaires,mensuels ainsi que des magazines,livres,BD,…;
- Vente de tabacs,cigarettes et cigarettes électronique (ainsi que les accessoires) et de boissons alcoolisées;
- Vente des articles de loteries;
- Exploitation de machines de paris,notamment de paris sportif;
- Point d’enlèvement de colis,courriers ou autres envois postales;
- Point d’envoi de colis,courriers ou autres envoies postales;
- Petite alimentation d’appoint;
- Vente des articles de confiseries;
- Tous les articles de papeteries,les articles scolaires,les articles professionnels et autres. (Cette liste n’étant pas limitative).
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Haachtsesteenweg 640 registered office 1030 Schaerbeek | ||
| Haachtsesteenweg 640-642 1030 Schaerbeek | 17-11-2022 | 2.343.203.561 |
Buildings and parcels at the address
- Ground area
- 213 m²
- Buildings
- 99 m²
- Volume, LiDAR
- 1,304 m³
- Tallest building
- 19.6 m
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21903B0201/00W000 | 213 m² | 1 · 99 m² | 19.6 m · 5 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0793.686.563