Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Latest accounts filed late: after the legal deadline.
In July 2024, 6,920 companies had the same profile as Key-On has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,920 companies, not a prediction for Key-On. 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.
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.
| Company | ||||
|---|---|---|---|---|
| Key-On Antwerp | €17,690 | -€133 | -21.9% | - |
| BEECONN Herentals | €16,738 | -€3,607 | -233.7% | - |
| Campina Imans Consult Lille | €16,480 | -€3,423 | -198.2% | - |
| SMEYERS BEHEER Antwerp | €20,459 | -€6,638 | -144.7% | - |
| SIMEP Antwerp | €20,136 | -€134 | 68.5% | - |
| AMOUN Brasschaat | €19,780 | -€3,787 | 0.7% | - |
| Van Gaever Kapellen | €17,315 | -€19,988 | 36.4% | - |
These companies have the same main activity as Key-On: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €16,500 and €20,500, founded between 2003 and 2010.
Key-On files the micro format. That format states no turnover. The gross margin fell from €21,635 in 2008 to -€133 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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