KEY SOLUTION PROJECTS
ActiveSummary
KEY SOLUTION PROJECTS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,362 and a net result of €11,529. Equity is growing by about 4.2% per year across the filed financial years. Its solvency ranks better than 39% of 11,726 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €141,362
- Profit
- €11,529
Why 93lowers riskLiquidity: current ratio 1.55, cash €131,831Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: total assets €332,377Equity €141,362 (42.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 71, micro): better than 41% on solvency, 58% on liquidity, 37% on profitability and 55% on growth.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 1 day after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440830.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 51% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,904 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,606 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,929 | €1,416 | €11,345 | €11,810 | €16,547 | €20,397 | €20,957 | €11,500 | ▼ 45.1% |
| Other operating charges640/8 | - | - | - | €2,510 | €610 | €1,395 | €2,381 | €1,610 | ▼ 32.4% |
| Non-recurring operating charges66A | - | - | - | - | €276 | €780 | €356 | - | - |
| Gross operating margin9900 | €48,459 | €20,796 | €26,194 | €50,733 | €44,807 | €31,382 | €35,848 | €31,516 | ▼ 12.1% |
| Operating profit (loss)9901 | €40,292 | €18,587 | €13,371 | €36,412 | €27,373 | €8,809 | €12,153 | €18,406 | ▲ 51.4% |
| Financial income75/76B | - | - | - | €970 | €931 | €606 | €366 | €0 | ▼ 100% |
| Recurring financial income75 | €8 | €96 | €225 | €970 | €931 | €606 | €366 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €744 | €824 | €895 | €1,094 | €2,985 | ▲ 173% |
| Recurring financial charges65 | €890 | €556 | €1,064 | €744 | €824 | €895 | €1,094 | €2,985 | ▲ 173% |
| Profit (loss) for the period before taxes9903 | €39,410 | €18,127 | €12,531 | €36,639 | €27,481 | €8,520 | €11,425 | €15,420 | ▲ 35.0% |
| Income taxes67/77 | €13,724 | €4,817 | €6,233 | €7,910 | €9,582 | €3,482 | €4,080 | €3,892 | ▼ 4.6% |
| Profit (loss) for the period9904 | €25,686 | €13,309 | €6,298 | €28,730 | €17,899 | €5,038 | €7,345 | €11,529 | ▲ 57.0% |
| Profit (loss) for the period to be appropriated9905 | €25,686 | €13,309 | €6,298 | €28,730 | €17,899 | €5,038 | €7,345 | €11,529 | ▲ 57.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €186,917 | €272,053 | €320,654 | €215,576 | €241,734 | €236,421 | €308,801 | €332,377 | ▲ 7.6% |
| Fixed assets21/28 | €2,811 | €56,454 | €48,219 | €36,409 | €67,085 | €53,818 | €32,861 | €35,449 | ▲ 7.9% |
| Tangible fixed assets22/27 | €2,811 | €56,454 | €48,219 | €36,409 | €67,085 | €53,818 | €32,861 | €35,449 | ▲ 7.9% |
| Land and buildings22 | - | - | - | €705 | €2,528 | €2,352 | €2,176 | €2,000 | ▼ 8.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0 | €0 | €2,989 | - |
| Furniture and vehicles24 | - | - | - | €35,705 | €64,556 | €51,466 | €30,685 | €30,459 | ▼ 0.7% |
| Current assets29/58 | €184,106 | €215,599 | €272,435 | €179,167 | €174,650 | €182,603 | €275,940 | €296,928 | ▲ 7.6% |
| Amounts receivable after more than one year29 | - | - | - | €27,558 | €69,291 | €61,023 | €8,477 | €0 | ▼ 100% |
| Trade receivables290 | - | - | - | €27,558 | €69,291 | €61,023 | €8,477 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €129,689 | €110,045 | €149,779 | €112,164 | €101,204 | €101,885 | €164,740 | €145,397 | ▼ 11.7% |
| Trade receivables40 | - | - | - | €92,314 | €67,686 | €82,506 | €145,813 | €131,079 | ▼ 10.1% |
| Other amounts receivable41 | - | - | - | €19,850 | €33,518 | €19,378 | €18,927 | €14,319 | ▼ 24.3% |
| Cash at bank and in hand54/58 | €2,650 | €45,655 | €82,325 | €38,853 | €3,689 | €19,175 | €62,139 | €131,831 | ▲ 112% |
| Deferred charges and accrued income490/1 | - | - | - | €591 | €467 | €521 | €40,583 | €19,700 | ▼ 51.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €186,917 | €272,053 | €320,654 | €215,576 | €241,734 | €236,421 | €308,801 | €332,377 | ▲ 7.6% |
| Equity10/15 | €97,843 | €111,152 | €117,450 | €117,450 | €117,450 | €122,489 | €129,834 | €141,362 | ▲ 8.9% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | - | €12,400 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - | - |
| Uncalled capital101 | - | - | - | €6,200 | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | €12,400 | - | - | - | - |
| Other1109/19 | - | - | - | - | €12,400 | - | - | - | - |
| Reserves13 | €85,443 | €98,752 | €105,050 | €105,050 | €105,050 | €110,089 | €117,434 | €128,962 | ▲ 9.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €103,190 | €103,190 | €108,229 | €115,574 | €127,102 | ▲ 10.0% |
| Amounts payable17/49 | €89,075 | €160,901 | €203,204 | €98,126 | €124,284 | €113,933 | €178,967 | €191,015 | ▲ 6.7% |
| Amounts payable within one year42/48 | €89,075 | €160,901 | €203,204 | €98,126 | €109,835 | €113,933 | €178,967 | €191,015 | ▲ 6.7% |
| Trade debts44 | €65,555 | €125,890 | €199,027 | €76,540 | €94,884 | €93,590 | €174,887 | €185,592 | ▲ 6.1% |
| Suppliers440/4 | - | - | - | €76,540 | €94,884 | €93,590 | €174,887 | €185,592 | ▲ 6.1% |
| Taxes, remuneration and social security45 | - | - | - | €21,585 | €14,952 | €3,482 | €4,080 | €5,422 | ▲ 32.9% |
| Taxes450/3 | - | - | - | €20,375 | €14,952 | €3,482 | €4,080 | €4,022 | ▼ 1.4% |
| Remuneration and social security454/9 | - | - | - | €1,210 | - | - | - | €1,400 | - |
| Other amounts payable47/48 | - | - | - | - | - | €16,861 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €14,449 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,686 | €13,309 | €6,298 | €28,730 | €17,899 | €5,038 | €7,345 | €11,529 | ▲ 57.0% |
| + Depreciation and write-downs630 | €7,929 | €1,416 | €11,345 | €11,810 | €16,547 | €20,397 | €20,957 | €11,500 | ▼ 45.1% |
| Operating cash flow (approximation) | €33,615 | €14,725 | €17,643 | €40,539 | €34,446 | €25,435 | €28,302 | €23,029 | ▼ 18.6% |
| Investment in fixed assets (approximation) | - | -€55,059 | -€3,110 | €0 | -€47,223 | -€7,131 | €0 | -€14,088 | - |
| Change in cash | - | €43,005 | €36,670 | -€43,472 | -€35,164 | €15,486 | €42,964 | €69,691 | ▲ 62.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00440830 |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00339573 |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00265309 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00399558 |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20103156 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60800556 |
| 31-12-2019 | micro format | 29-06-2020 | 2020-23000492 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60300168 |
| 31-12-2017 | micro format | 21-09-2018 | 2018-64200548 |
| 31-12-2016 | abbreviated format | 09-08-2017 | 2017-43000485 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Koen De Baerdemaeker |
|
Owners and capital
Owners
1 ownerOwners 1
- Koen De Baerdemaekernatural personSourceown accounts 2017100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-03
Gazette deed
Resignation: Koen De Baerdemaeker (manager)Appointment: Koen De Baerdemaeker (director) · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 07-03-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Power of attorney, Steven Podevyn (2 times)
- Director resignation, Koen De Baerdemaeker (manager (not named in the articles))
- Director discharge, Koen De Baerdemaeker (manager (not named in the articles))
- Director appointment, Koen De Baerdemaeker (director (not named in the articles))
- Other provision, “geen verhindering mandaat, niet getroffen door enige maatregel die zich tegen aanvaarden verzet” (deed in Dutch)
- Registered office clause, “Holbeek 35,1785 Merchtem, Zesde besluit” (deed in Dutch)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0841.469.060
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23052D0185/00W000 | Flanders | 1,291 m² | 1 · 104 m² | 8.5 m · 2 |
| 23052B0115/00C003 | Flanders | 270 m² | 1 · 151 m² | 9.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toezien op de bouwwerkzaamheden(ruwbouw,installatie,afwerking,enz.); Activiteiten van interieurdecorateurs; Uitwerking van projecten op het…” (deed in Dutch)
49 activities (deed in Dutch)
- Toezien op de bouwwerkzaamheden(ruwbouw,installatie,afwerking,enz.)
- Activiteiten van interieurdecorateurs
- Uitwerking van projecten op het gebied van de burgerlijke en utiliteitsbouw,de weg-en waterbouw en het verkeer
- Uitwerking en realisatie van projecten op het gebied van de elektriciteit en elektronica,mijnbouw,chemie,machine-en werktuigbouw,industriële systeemontwikkeling,veiligheid,enz.
- Ingenieurs en aanverwante technische adviseurs,exclusief landmeters
- Leiden van belangrijke herstellingswerkzaamheden aan gebouwen
- Bouwarchitecten
- Installatie van particuliere zwembaden
- Overige gespecialiseerde bouwwerkzaamheden
- Restaureren van bouwwerken
- Aanbrengen van glas,spiegels
- Glaszetten
- Schilderen van metalen constructies
- Schilderen van civieltechnische werken
- Schilderen van het binnen-en buitenwerk van gebouwen
- Schilderen van gebouwen
- Plaatsen van behang
- Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
- Plaatsen in gebouwen en andere bouwwerken van:parket en andere houten vloerbedekking,wandbekleding van hout
- Plaatsen van vloerbedekking en wandbekleding van hout
- Installatie van binnendeuren,scheidingswanden enz.van glas
- Montage van buiten-en binnenschrijnwerk van kunststof
- Montage van serres,veranda’s enz.in metaal
- Installatie van geblindeerde deuren en brandwerende deuren in metaal
- Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enz.,in metaal
- Installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enz.,in metaal
- Montage van buiten-en binnenschrijnwerk in metaal:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.
- Montage van serres,veranda’s,enz.,in hout of kunststof
- Installatie van geblindeerde deuren en brandwerende deuren in hout of kunststof
- Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enz.,in hout of kunststof
- Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enz.in hout of kunststof
- Montage van buiten-en binnenschrijnwerk van hout of van kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.
- Schrijnwerk
- Bouw van speel-en sportterreinen,zwembaden,enz.
- Bouw van andere civieltechnische werken,n.e.g.
- Algemene coördinatiewerkzaamheden bouwwerf
- Bouw van appartementen volgens de formule‘sleutel op de deur’
- Bouw van individuele huizen volgens de formule sleutel op de deur’
- Algemene bouw van residentiële gebouwen
- Projectontwikkeling voor de aanleg of renovatie van stadswijken
- Projectontwikkeling voor de bouw of de aanleg van:commerciële,en industriële centra,hotels,industriezones en markten,jachthavens,wintersportcentra,enz.
- Projectontwikkeling voor kantoorbouw
- Ontwikkeling van niet-residentiële bouwprojecten
- Projectontwikkeling voor de bouw van appartementsgebouwen
- Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken
- Ontwikkeling van residentiële bouwprojecten
- Installatie van industriële machines,toestellen en werktuigen
- Vervaardiging en montage van gesmede werkstukken voor de bouw:trapleuningen,borstweringen,enz.
- Smeden van metaal
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- KEY SOLUTION PROJECTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of in het buitenland bij enkel…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering bepaalt aantal duur opdracht en indien meerdere bevoegdheid” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Gelijk recht behoudens andersluidende bepalingen, vergoeding voor inbrengen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Friday of June at 18:00