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KEY-TEC

Active
Private limited companyfounded 199630 years activePapdijk 16, 9180 Lokeren, BelgiumKBO/BCE: BE 0457.052.914
Summary

KEY-TEC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.0m and a net result of €1.3m. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 6,055 sector peers (NACE 46, fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Wholesale trade
NACE 46610
#5 employer in Lokeren, Wholesale and retail trade sector1 site
Size
€52.8mturnover 2025
Staff
53.1 FTE
Equity
€8.0m
Profit
€1.3m
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Parent
DEKEYSER INVEST · 99.99%
Accounts 2 days early0 of 11 deeds read
Why 69- Liquidity: current ratio 1.44, cash €1.5m- 1 change of registered office in 24 months+ Founded in 1996+ Profit of €1.3m (FY 2025)Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 33% of its sector peers (NACE 46, medium-sized)
Financial strength · tick = 2024
Average
Solvency 56+6
equity 30.5% of total assets
Liquidity 25+8
short-term debt 60.9% · cash 5.6%
Profitability 57-14
return on assets 5.1%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (744 companies)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024lowest value 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.3 percentage points vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.2 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 1.3%▲ +0.5 percentage points vs 10-2025highest value 12-2025: 0.4%▼ -0.9 percentage points vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.1 percentage points vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
Credit up to €550,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.37 in 2024; short-term debt: 60.9% and cash: 5.6% of total assets), and 69.5% of the assets are financed with debt.
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 46, medium-sized): better than 39% on solvency, 28% on liquidity, 42% on profitability and 25% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Five signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.44, cash €1.5m
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
lowers risk · Founded in 1996
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Profit of €1.3m (FY 2025)
NBB · annual accounts
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 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
24 days early
2023
22 days early
2022
19 days early
2021
30 days early
2020
12 days early
2019
24 days 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 19 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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. Usually files around 9 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close08-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Caution: Result fell in 2025from €2.6m to €1.3m ▼ 48.4% View
  • Positive: Employer in Lokeren, Wholesale and retail trade sectorin the Checked rankings #5 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by DEKEYSER INVESTknown shareholders 100% 99.99% View
  • Positive: 7 profitable years in a rowprofit 2025: €1.3m 7 years View

By topic

Financials

Fiscal year
2025
Turnover
€52.8m
Profit
€1.3m
Solvency
30.5%
Turnover▼ 7.4%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 31-10-2026
  1. 12-10-2022Annual accounts filed
  2. 31-03-2022Highest result since 2019
  3. 01-10-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46610
Founded
19-01-1996
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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