KEY SYSTEMS SOLUTIONS
ActiveSummary
KEY SYSTEMS SOLUTIONS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €419,598 and a net result of €54,496. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 56% of 1453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-2
Solvency70▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.83 in 2024; short-term debt: 35.4% and cash: 3.3% of total assets), and 54.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
45.1%
Return on assets
5.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
86 d late
2023
on the day
2022
2 d late
2021
276 d late
2020
1 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 2 May (4 of the last 5 filed years within 84 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#7 company by total assets in Rixensart, Telecoms and IT sector#9 company by equity in Rixensart, Telecoms and IT sector#10 oldest company in Rixensart, Telecoms and IT sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€54,496▼ 26.5%
2024 · €74,159
Working capital
€23,902
2024 · -€70,590
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€187,105▲ 17.4%€100,842▼ 46.1%€153,021▲ 51.7%€111,535▼ 27.1%€169,905▲ 52.3%
Net result€141,266above the sector's middle half▲ 28.2%€55,640within the sector's middle half▼ 60.6%€97,741within the sector's middle half▲ 75.7%€74,159within the sector's middle half▼ 24.1%€54,496within the sector's middle half▼ 26.5%
Equity€282,771above the sector's middle half▲ 99.8%€338,411within the sector's middle half▲ 19.7%€436,152within the sector's middle half▲ 28.9%€365,102within the sector's middle half▼ 16.3%€419,598within the sector's middle half▲ 14.9%
Total assets€503,973above the sector's middle half▲ 40.3%€640,061within the sector's middle half▲ 27.0%€904,071within the sector's middle half▲ 41.2%€951,990within the sector's middle half▲ 5.3%€929,537within the sector's middle half▼ 2.4%
Debt€221,201▲ 1.6%€301,650▲ 36.4%€467,919▲ 55.1%€586,889▲ 25.4%€509,940▼ 13.1%
Working capital€275,135above the sector's middle half▲ 108%€332,965within the sector's middle half▲ 21.0%-€28,709below the sector's middle half-€70,590below the sector's middle half▼ 146%€23,902within the sector's middle half
Solvency56.1%within the sector's middle half▲ 16.7pp52.9%within the sector's middle half▼ 3.2pp48.2%within the sector's middle half▼ 4.6pp38.4%within the sector's middle half▼ 9.9pp45.1%within the sector's middle half▲ 6.8pp
Current ratio2.24within the sector's middle half▲ 0.642.12within the sector's middle half▼ 0.130.92below the sector's middle half▼ 1.200.83below the sector's middle half▼ 0.091.07within the sector's middle half▲ 0.24
Return on assets (ROA)28.0%within the sector's middle half▼ 2.6pp8.7%within the sector's middle half▼ 19.3pp10.8%within the sector's middle half▲ 2.1pp7.8%within the sector's middle half▼ 3.0pp5.9%within the sector's middle half▼ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €929,537
Fixed assets
€576,137 ▼ 3.2%
Current assets
€353,400 ▼ 0.9%
Equity and liabilities €929,537
Equity
€419,598 ▲ 14.9%
Debt
€509,940 ▼ 13.1%
Debt's share of the balance-sheet total falls from 61.6% to 54.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€207,210▲
2024 · €142,039
Cash flow
€91,802▼
2024 · €104,663
Debt to equity
1.22▼
2024 · 1.61
ROE
13.0%▼
2024 · 20.3%
Interest coverage
16.13▲
2024 · 12.55
Debt ≤ 1 year
€329,498▼
2024 · €427,357
Debt > 1 year
€180,441▲
2024 · €159,531
Income taxes
€102,879▲
2024 · €26,492
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,773 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,554 | €6,671 | €22,229 | €30,504 | €37,306 | ▲ 22.3% |
| Other operating charges640/8 | €571 | €1,019 | €995 | €1,227 | €2,629 | ▲ 114% |
| Gross operating margin9900 | €197,231 | €108,531 | €176,246 | €143,266 | €209,839 | ▲ 46.5% |
| Operating profit (loss)9901 | €187,105 | €100,842 | €153,021 | €111,535 | €169,905 | ▲ 52.3% |
| Financial income75/76B | - | €5 | €103 | €438 | €320 | ▼ 27.0% |
| Recurring financial income75 | - | €5 | €103 | €438 | €320 | ▼ 27.0% |
| Financial charges65/66B | €631 | €1,252 | €3,162 | €11,322 | €12,850 | ▲ 13.5% |
| Recurring financial charges65 | €631 | €1,252 | €3,162 | €11,322 | €12,850 | ▲ 13.5% |
| Profit (loss) for the period before taxes9903 | €186,475 | €99,595 | €149,962 | €100,651 | €157,375 | ▲ 56.4% |
| Income taxes67/77 | €45,209 | €43,955 | €52,221 | €26,492 | €102,879 | ▲ 288% |
| Profit (loss) for the period9904 | €141,266 | €55,640 | €97,741 | €74,159 | €54,496 | ▼ 26.5% |
| Profit (loss) for the period to be appropriated9905 | €141,266 | €55,640 | €97,741 | €74,159 | €54,496 | ▼ 26.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €503,973 | €640,061 | €904,071 | €951,990 | €929,537 | ▼ 2.4% |
| Fixed assets21/28 | €7,636 | €9,116 | €570,520 | €595,223 | €576,137 | ▼ 3.2% |
| Tangible fixed assets22/27 | €7,046 | €8,526 | €62,024 | €87,900 | €68,814 | ▼ 21.7% |
| Furniture and vehicles24 | €7,046 | €8,526 | €62,024 | €83,100 | €64,014 | ▼ 23.0% |
| Assets under construction and advance payments27 | - | - | - | €4,800 | €4,800 | = |
| Financial fixed assets28 | €590 | €590 | €508,495 | €507,323 | €507,323 | = |
| Current assets29/58 | €496,337 | €630,946 | €333,551 | €356,767 | €353,400 | ▼ 0.9% |
| Amounts receivable within one year40/41 | €496,337 | €596,129 | €180,083 | €279,912 | €320,054 | ▲ 14.3% |
| Trade receivables40 | €160,469 | €149,350 | €143,046 | €177,571 | €80,799 | ▼ 54.5% |
| Other amounts receivable41 | €335,868 | €446,779 | €37,037 | €102,341 | €239,255 | ▲ 134% |
| Cash at bank and in hand54/58 | - | €34,817 | €153,468 | €69,653 | €30,854 | ▼ 55.7% |
| Deferred charges and accrued income490/1 | - | - | - | €7,203 | €2,492 | ▼ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €503,973 | €640,061 | €904,071 | €951,990 | €929,537 | ▼ 2.4% |
| Equity10/15 | €282,771 | €338,411 | €436,152 | €365,102 | €419,598 | ▲ 14.9% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Capital10 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Uncalled capital101 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €1,859 | €201,859 | €401,859 | €401,859 | €456,355 | ▲ 13.6% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €200,000 | €400,000 | €400,000 | €454,496 | ▲ 13.6% |
| Profit (loss) carried forward14 | €274,715 | €130,355 | €28,095 | -€42,955 | -€42,955 | = |
| Amounts payable17/49 | €221,201 | €301,650 | €467,919 | €586,889 | €509,940 | ▼ 13.1% |
| Amounts payable after more than one year17 | - | €3,669 | €105,659 | €159,531 | €180,441 | ▲ 13.1% |
| Financial debts170/4 | - | €3,669 | €105,659 | €159,531 | €180,441 | ▲ 13.1% |
| Amounts payable within one year42/48 | €221,201 | €297,981 | €362,260 | €427,357 | €329,498 | ▼ 22.9% |
| Current portion of amounts payable after more than one year42 | - | €2,702 | €69,618 | €94,244 | €68,530 | ▼ 27.3% |
| Financial debts43 | €1,747 | - | - | - | - | - |
| Credit institutions430/8 | €1,747 | - | - | - | - | - |
| Trade debts44 | €31,364 | €75,317 | €21,027 | €84,425 | €80,900 | ▼ 4.2% |
| Suppliers440/4 | €31,364 | €75,317 | €21,027 | €84,425 | €80,900 | ▼ 4.2% |
| Advances received on contracts in progress46 | €129,382 | €129,382 | €150,906 | €150,906 | €60,000 | ▼ 60.2% |
| Taxes, remuneration and social security45 | €58,709 | €90,579 | €120,709 | €97,782 | €120,069 | ▲ 22.8% |
| Taxes450/3 | €58,709 | €90,579 | €120,709 | €97,782 | €120,069 | ▲ 22.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141,266 | €55,640 | €97,741 | €74,159 | €54,496 | ▼ 26.5% |
| + Depreciation and write-downs630 | €9,554 | €6,671 | €22,229 | €30,504 | €37,306 | ▲ 22.3% |
| Operating cash flow (approximation) | €150,820 | €62,310 | €119,970 | €104,663 | €91,802 | ▼ 12.3% |
| Investment in fixed assets (approximation) | - | -€8,150 | -€583,633 | -€55,207 | -€18,220 | ▲ 67.0% |
| Change in cash | - | - | €118,651 | -€83,815 | -€38,799 | ▲ 53.7% |
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
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet €54,496 ▼26.5%
Net result drops to €54,496, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 86 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 276 days late
2021
30-09
Financial
Highest result since 2018net €141,266 ▲28.2%
Operating result €187,105, net result €141,266, both a record.
30-09
Financial
Equity above €200,000Eq €282,771 ▲99.8%
4 profitable years in a row build equity to €282,771.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Equity above €100,000Eq €141,505 ▲352%
3 profitable years in a row build equity to €141,505.
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
06-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 251 days late
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 43 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Rixensart
Ground area
142 m²
Building footprint
108 m²
Parcel 25091D0073/00_000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091D0073/00_000 | Wallonia | 142 m² | 1 · 108 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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Of 30,008 companies in sector 62200 we hold annual accounts for 18,400. 12,683 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 (pre-2019)
Founded26-01-1999
Fiscal year end30-09
Abbreviation FR
KSS
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
71112Activities of interior architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465342058
Also
9925:BE0465342058
Registered
09-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.