Key off live
ActiveSummary
The computed 12-month bankruptcy probability of Key off live is 3.3% (moderate). The 2025 annual accounts show equity of €132k and a net result of €22k. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 3705 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-10
Solvency92▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 0.86 in 2024; short-term debt: 33.1% and cash: 22.7% of total assets), and 33.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-10-2025, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
13 d early
2023
5 d early
2022
3 d early
2021
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€132k▲ 19.9%
2024 · €110k
2021: €-62klowest in 5 years
2022: €45k▲ +172% vs 2021
2023: €136k▲ +203% vs 2022highest in 5 years
2024: €110k▼ -19.2% vs 2023
2025: €132k▲ +19.9% vs 2024
2021 → 2025
Total assets
€197k▼ 16.3%
2024 · €235k
2021: €125klowest in 5 years
2022: €279k▲ +123% vs 2021highest in 5 years
2023: €245k▼ -11.9% vs 2022
2024: €235k▼ -4.3% vs 2023
2025: €197k▼ -16.3% vs 2024
2021 → 2025
Net result
€22k▼ 51.8%
2024 · €45k
2021: €-72klowest in 5 years
2022: €107k▲ +248% vs 2021highest in 5 years
2023: €91k▼ -15.3% vs 2022
2024: €45k▼ -50.2% vs 2023
2025: €22k▼ -51.8% vs 2024
2021 → 2025
Working capital
€20k
2024 · €-18k
2021: €-167klowest in 5 years
2022: €-53k▲ +67.9% vs 2021
2023: €28k▲ +153% vs 2022highest in 5 years
2024: €-18k▼ -162% vs 2023
2025: €20k▲ +215% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-62k-€45k€136k▲ 203%€110k▼ 19.2%€132k▲ 19.9%
2021: €-62klowest in 5 years
2022: €45k▲ +172% vs 2021
2023: €136k▲ +203% vs 2022highest in 5 years
2024: €110k▼ -19.2% vs 2023
2025: €132k▲ +19.9% vs 2024
Operating result€-71k-€114k€130k▲ 13.7%€62k▼ 52.2%€35k▼ 44.3%
2021: €-71klowest in 5 years
2022: €114k▲ +260% vs 2021
2023: €130k▲ +13.7% vs 2022highest in 5 years
2024: €62k▼ -52.2% vs 2023
2025: €35k▼ -44.3% vs 2024
Net result€-72k-€107k€91k▼ 15.3%€45k▼ 50.2%€22k▼ 51.8%
2021: €-72klowest in 5 years
2022: €107k▲ +248% vs 2021highest in 5 years
2023: €91k▼ -15.3% vs 2022
2024: €45k▼ -50.2% vs 2023
2025: €22k▼ -51.8% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€111k ▼ 12.6%
Current assets
€85k ▼ 20.6%
Equity and liabilities €197k
Equity
€132k ▲ 19.9%
Debt
€65k ▼ 48.0%
Debt's share of the balance-sheet total falls from 53.3% to 33.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51k▼
2024 · €73k
Cash flow
€38k▼
2024 · €56k
Current ratio
1.31▲
2024 · 0.86
Quick ratio
1.23▲
2024 · 0.81
Debt to equity
0.50▼
2024 · 1.14
ROE
16.6%▼
2024 · 41.3%
ROA
11.1%▼
2024 · 19.3%
Interest coverage
15.28▼
2024 · 18.64
Debt ≤ 1 year
€65k▼
2024 · €125k
Income taxes
€9k▼
2024 · €14k
Staff costs
€94k▲
2024 · €86k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€235k€197k▼
Fixed assets21/28€127k€111k▼
Intangible fixed assets21€69k€62k▼
Tangible fixed assets22/27€58k€49k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€14k€10k▼
Other tangible fixed assets26€42k€37k▼
Current assets29/58€108k€85k▼
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Amounts receivable within one year40/41€55k€35k▼
Trade receivables40€9k€9k▼
Other amounts receivable41€46k€26k▼
Cash at bank and in hand54/58€45k€45k▼
Deferred charges and accrued income490/1€491€462▼
Equity and liabilities
Total equity and liabilities10/49€235k€197k▼
Equity10/15€110k€132k▲
Contributions10/11€10k€10k=
Reserves13€100k€122k▲
Distributable reserves133€100k€122k▲
Amounts payable17/49€125k€65k▼
Amounts payable within one year42/48€125k€65k▼
Financial debts43€21k-
Credit institutions430/8€21k-
Trade debts44€19k€20k▲
Suppliers440/4€19k€20k▲
Advances received on contracts in progress46-€395
Taxes, remuneration and social security45€13k€26k▲
Taxes450/3€2k€15k▲
Remuneration and social security454/9€11k€12k▲
Other amounts payable47/48€71k€19k▼
Accrued charges and deferred income492/3€50-
Income statement
Code20242025
Non-recurring operating income76A€18k-
Remuneration, social security and pensions62€86k€94k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€16k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€806-
Gross operating margin9900€164k€149k▼
Operating profit (loss)9901€62k€35k▼
Financial income75/76B€1k€55▼
Recurring financial income75€1k€55▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€59k€31k▼
Income taxes67/77€14k€9k▼
Profit (loss) for the period9904€45k€22k▼
Profit (loss) for the period to be appropriated9905€45k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€22k▼
Transfer from equity791/2€35k-
Transfer to equity691/2€9k€22k▲
To other reserves6921€9k€22k▲
Profit to be distributed694/7€71k-
Return on contributions (dividend)694€71k-
Social balance
Average headcount (FTE)90872.32.6▲
The notes to these accounts (7 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 | - | - | - | €18k | - | - |
| Remuneration, social security and pensions62 | - | €64k | €147k | €86k | €94k | ▲ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €20k | €26k | €11k | €16k | ▲ 43.8% |
| Other operating charges640/8 | - | €3k | €5k | €4k | €4k | ▲ 2.0% |
| Non-recurring operating charges66A | - | €0 | - | €806 | - | - |
| Gross operating margin9900 | €27k | €202k | €308k | €164k | €149k | ▼ 9.4% |
| Operating profit (loss)9901 | €-71k | €114k | €130k | €62k | €35k | ▼ 44.3% |
| Financial income75/76B | - | €1 | €764 | €1k | €55 | ▼ 95.6% |
| Recurring financial income75 | €67 | €1 | €764 | €1k | €55 | ▼ 95.6% |
| Financial charges65/66B | - | €7k | €5k | €4k | €3k | ▼ 15.7% |
| Recurring financial charges65 | €1k | €7k | €5k | €4k | €3k | ▼ 15.7% |
| Profit (loss) for the period before taxes9903 | €-72k | €107k | €125k | €59k | €31k | ▼ 47.3% |
| Income taxes67/77 | - | - | €34k | €14k | €9k | ▼ 32.9% |
| Profit (loss) for the period9904 | €-72k | €107k | €91k | €45k | €22k | ▼ 51.8% |
| Profit (loss) for the period to be appropriated9905 | €-72k | €107k | €91k | €45k | €22k | ▼ 51.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125k | €279k | €245k | €235k | €197k | ▼ 16.3% |
| Fixed assets21/28 | €109k | €116k | €117k | €127k | €111k | ▼ 12.6% |
| Intangible fixed assets21 | - | - | - | €69k | €62k | ▼ 10.8% |
| Tangible fixed assets22/27 | €109k | €115k | €117k | €58k | €49k | ▼ 14.8% |
| Plant, machinery and equipment23 | - | €32k | €29k | €3k | €2k | ▼ 23.1% |
| Furniture and vehicles24 | - | €47k | €45k | €14k | €10k | ▼ 25.7% |
| Other tangible fixed assets26 | - | €37k | €43k | €42k | €37k | ▼ 10.7% |
| Financial fixed assets28 | €200 | €200 | €200 | - | - | - |
| Current assets29/58 | €16k | €163k | €128k | €108k | €85k | ▼ 20.6% |
| Stocks and contracts in progress3 | €5k | €8k | €6k | €7k | €5k | ▼ 21.9% |
| Stocks30/36 | - | €8k | €6k | €7k | €5k | ▼ 21.9% |
| Amounts receivable within one year40/41 | €6k | €13k | €7k | €55k | €35k | ▼ 36.9% |
| Trade receivables40 | - | - | €6k | €9k | €9k | ▼ 1.9% |
| Other amounts receivable41 | - | €13k | €1k | €46k | €26k | ▼ 43.7% |
| Cash at bank and in hand54/58 | €3k | €143k | €112k | €45k | €45k | ▼ 0.5% |
| Deferred charges and accrued income490/1 | - | €0 | €3k | €491 | €462 | ▼ 5.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125k | €279k | €245k | €235k | €197k | ▼ 16.3% |
| Equity10/15 | €-62k | €45k | €136k | €110k | €132k | ▲ 19.9% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | - | - | €126k | €100k | €122k | ▲ 21.9% |
| Distributable reserves133 | - | - | €126k | €100k | €122k | ▲ 21.9% |
| Profit (loss) carried forward14 | €-72k | €35k | - | - | - | - |
| Amounts payable17/49 | €188k | €234k | €110k | €125k | €65k | ▼ 48.0% |
| Amounts payable after more than one year17 | €5k | €17k | €8k | - | - | - |
| Financial debts170/4 | - | €17k | €8k | - | - | - |
| Amounts payable within one year42/48 | €183k | €216k | €100k | €125k | €65k | ▼ 48.0% |
| Current portion of amounts payable after more than one year42 | - | €17k | €9k | - | - | - |
| Financial debts43 | - | - | - | €21k | - | - |
| Credit institutions430/8 | - | - | - | €21k | - | - |
| Trade debts44 | €21k | €24k | €17k | €19k | €20k | ▲ 0.6% |
| Suppliers440/4 | - | €24k | €17k | €19k | €20k | ▲ 0.6% |
| Advances received on contracts in progress46 | - | - | - | - | €395 | - |
| Taxes, remuneration and social security45 | - | €19k | €64k | €13k | €26k | ▲ 95.8% |
| Taxes450/3 | - | €9k | €46k | €2k | €15k | ▲ 636% |
| Remuneration and social security454/9 | - | €10k | €18k | €11k | €12k | ▲ 1.0% |
| Other amounts payable47/48 | - | €158k | €10k | €71k | €19k | ▼ 73.6% |
| Accrued charges and deferred income492/3 | - | - | €1k | €50 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-72k | €107k | €91k | €45k | €22k | ▼ 51.8% |
| + Depreciation and write-downs630 | €23k | €20k | €26k | €11k | €16k | ▲ 43.8% |
| Operating cash flow (approximation) | €-49k | €128k | €117k | €56k | €38k | ▼ 32.9% |
| Investment in fixed assets (approximation) | - | €-27k | €-28k | €-22k | €0 | ▲ 100% |
| Change in cash | - | €140k | €-30k | €-67k | €-216 | ▲ 99.7% |
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
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €100kEq €136k ▲203%
2 profitable years in a row build equity to €136k.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €107k
Net result €107k after one loss-making year.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Oostende · 1 establishment unit since 2019
Ground area
44 m²
Building footprint
44 m²
Volume, LiDAR
650 m³
Parcel 35013A1596/00K011, Flanders · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Copador
since 20192.296.844.588
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1596/00K011 | Flanders | 44 m² | 1 · 44 m² | 16.3 m · 5 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 585 EUR awarded · 585 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 585 EUR | 585 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.296.844.588
Similar companies · same sector, comparable size
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BE 0440.926.465
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MIDEHO ICE CREAM
BE 0692.574.951
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KHALIDA
BE 0797.476.986
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Confortat
BE 0428.333.192
Oostende · Eq €131,417
Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,243 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
Founded27-11-2019
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Contact
E-mail
etalorsoostende@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.