KEY-TEC
ActiveSummary
KEY-TEC has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €8.8m and a net result of €826,831. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 44% of 328 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Staff
- 56.3 FTE
- Equity
- €8.8m
- Profit
- €826,831
- Parent
- DEKEYSER INVEST · 99.99%
Why 81raises risk1 change of registered office in 24 monthsLiquidity: current ratio 1.50, cash €1.1mlowers riskFigures for financial year 2026 (filed 13-10-2026)Founded in 1996Show the evidence
Checked score
About 5 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 46, medium-sized): better than 50% on solvency, 34% on liquidity, 56% on profitability and 44% on growth.
The bankruptcy probability was computed on 26-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 18 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · full…
- Annual accounts filedfinancial year 2025 · full…
- Appointment: VCLJ Bedrijfsrevisoren (statutory auditor)Permanent representative: Patrick Kilian
Financials · financial year 2026, full format
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result has fallen two years in a row; 2026 is 43% below 2025 and is the lowest result in the available series.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: 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), Staff (FTE).
Peer companies
Historical observationOf the 1,887 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97.9% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,475 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 1,887 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €43.3m | €50.0m | €59.0m | €55.4m | €51.5m | ▼ 7.0% |
| Turnover70 | €36.6m | €42.1m | €36.0m | €42.1m | €49.3m | €57.0m | €52.8m | €49.3m | ▼ 6.6% |
| Other operating income74 | - | - | - | €1.0m | €0.7m | €1.9m | €2.6m | €2.1m | ▼ 19.0% |
| Non-recurring operating income76A | - | - | - | €0.2m | €0.01m | €0.08m | €0.001m | €0.1m | ▲ 159× |
| Operating charges60/66A | - | - | - | €40.1m | €46.4m | €55.0m | €52.9m | €50.1m | ▼ 5.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €34.6m | €40.3m | €48.0m | €44.6m | €41.3m | ▼ 7.4% |
| Purchases600/8 | - | - | - | €32.4m | €47.1m | €56.9m | €40.5m | €34.0m | ▼ 16.3% |
| Change in stocks: decrease (increase)609 | - | - | - | €2.2m | -€6.8m | -€8.8m | €4.0m | €7.3m | ▲ 81.6% |
| Services and other goods61 | - | - | - | €1.6m | €1.8m | €2.0m | €2.8m | €2.8m | ▼ 1.7% |
| Remuneration, social security and pensions62 | - | - | - | €2.6m | €2.8m | €3.9m | €4.2m | €4.8m | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.8m | €1.0m | €0.9m | €0.9m | €1.1m | €1.0m | €0.8m | €1.2m | ▲ 44.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.09m | - | €0.02m | €0.3m | -€0.1m | - |
| Other operating charges640/8 | - | - | - | €0.06m | €0.1m | €0.07m | €0.2m | €0.1m | ▼ 49.2% |
| Non-recurring operating charges66A | - | - | - | €0.1m | €0.3m | €150 | €0 | €0.04m | - |
| Operating profit (loss)9901 | €1.0m | €0.8m | €2.6m | €3.2m | €3.7m | €4.0m | €2.5m | €1.4m | ▼ 42.8% |
| Financial income75/76B | - | - | - | €6.1m | €0.01m | €0.04m | €0.03m | €0.04m | ▲ 14.4% |
| Recurring financial income75 | €0.01m | €0.08m | €2.2m | €6.1m | €0.01m | €0.04m | €0.03m | €0.04m | ▲ 14.4% |
| Income from current assets751 | - | - | - | €0.7m | €0.01m | €0.04m | €0.03m | €0.03m | ▼ 16.0% |
| Other financial income752/9 | - | - | - | €5.3m | €0.001m | €0.004m | €67 | €0.01m | ▲ 149× |
| Financial charges65/66B | - | - | - | €0.4m | €0.2m | €0.6m | €0.7m | €0.3m | ▼ 53.7% |
| Recurring financial charges65 | €0.2m | €0.3m | €1.2m | €0.4m | €0.2m | €0.6m | €0.7m | €0.3m | ▼ 53.7% |
| Debt charges650 | €0.2m | €0.3m | €0.4m | €0.2m | €0.2m | €0.6m | €0.7m | €0.3m | ▼ 54.6% |
| Other financial charges652/9 | - | - | - | €0.2m | €0.008m | €0.02m | €0.008m | €0.01m | ▲ 28.9% |
| Profit (loss) for the period before taxes9903 | €0.8m | €0.6m | €3.6m | €8.9m | €3.5m | €3.5m | €1.8m | €1.1m | ▼ 37.5% |
| Transfer from deferred taxes780 | - | - | - | €0.004m | - | - | - | - | - |
| Income taxes67/77 | €0.3m | €0.2m | €1.1m | €2.3m | €0.9m | €0.9m | €0.5m | €0.3m | ▼ 37.1% |
| Taxes670/3 | - | - | - | €2.3m | €0.9m | €0.9m | €0.5m | €0.3m | ▼ 37.1% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €0.003m | €0 | - | - |
| Profit (loss) for the period9904 | €0.5m | €0.4m | €2.5m | €6.6m | €2.6m | €2.6m | €1.3m | €0.8m | ▼ 37.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.009m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.4m | €2.6m | €6.6m | €2.6m | €2.6m | €1.3m | €0.8m | ▼ 37.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €19.0m | €25.3m | €29.4m | €21.6m | €22.3m | €31.6m | €26.2m | €22.0m | ▼ 16.1% |
| Fixed assets21/28 | €3.8m | €4.0m | €3.8m | €3.4m | €2.5m | €2.8m | €3.2m | €4.6m | ▲ 44.5% |
| Intangible fixed assets21 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.03m | €0.1m | €0.8m | ▲ 634% |
| Tangible fixed assets22/27 | €3.7m | €4.0m | €3.8m | €3.3m | €2.5m | €2.7m | €3.1m | €3.8m | ▲ 23.9% |
| Land and buildings22 | - | - | - | €1.9m | €1.3m | €1.2m | €1.2m | €1.3m | ▲ 1.7% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 39.7% |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.2m | €0.2m | €0.4m | €0.7m | ▲ 64.2% |
| Leasing and similar rights25 | - | - | - | - | - | €0.3m | €0.2m | €0.2m | ▼ 29.5% |
| Other tangible fixed assets26 | - | - | - | €0.8m | €0.6m | €0.8m | €0.9m | €1.2m | ▲ 31.7% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | - | €0.1m | - |
| Financial fixed assets28 | €0.003m | €0.003m | €0.002m | €0.002m | €0.002m | €0.003m | €0.003m | €0.003m | ▼ 14.0% |
| Other financial fixed assets284/8 | - | - | - | €0.002m | €0.002m | €0.003m | €0.003m | €0.003m | ▼ 14.0% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.002m | €0.002m | €0.003m | €0.003m | €0.003m | ▼ 14.0% |
| Current assets29/58 | €15.2m | €21.3m | €25.6m | €18.2m | €19.8m | €28.8m | €23.0m | €17.3m | ▼ 24.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €1.2m | €1.1m | €0.9m | €0.8m | ▼ 14.8% |
| Trade receivables290 | - | - | - | - | - | €1.1m | €0.9m | €0.8m | ▼ 14.8% |
| Other amounts receivable291 | - | - | - | - | €1.2m | - | - | - | - |
| Stocks and contracts in progress3 | €8.8m | €11.2m | €6.4m | €4.1m | €11.4m | €20.2m | €15.8m | €8.5m | ▼ 46.2% |
| Stocks30/36 | - | - | - | €4.1m | €11.4m | €20.2m | €15.8m | €8.5m | ▼ 46.2% |
| Goods purchased for resale34 | - | - | - | €4.1m | €10.9m | €19.8m | €15.4m | €8.2m | ▼ 46.8% |
| Advance payments36 | - | - | - | €0.06m | €0.4m | €0.5m | €0.3m | €0.3m | ▼ 18.8% |
| Amounts receivable within one year40/41 | €5.2m | €5.5m | €4.8m | €12.4m | €5.8m | €6.8m | €4.7m | €6.8m | ▲ 43.6% |
| Trade receivables40 | - | - | - | €5.4m | €5.0m | €6.0m | €4.5m | €6.0m | ▲ 35.4% |
| Other amounts receivable41 | - | - | - | €7.0m | €0.7m | €0.7m | €0.2m | €0.7m | ▲ 190% |
| Current investments50/53 | - | - | €13.9m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1.2m | €4.6m | €0.5m | €1.7m | €1.5m | €0.7m | €1.5m | €1.1m | ▼ 22.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.04m | €0.03m | €0.06m | €0.1m | ▲ 120% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €19.0m | €25.3m | €29.4m | €21.6m | €22.3m | €31.6m | €26.2m | €22.0m | ▼ 16.1% |
| Equity10/15 | €2.7m | €3.1m | €5.7m | €5.3m | €5.4m | €8.0m | €8.0m | €8.8m | ▲ 10.4% |
| Contributions10/11 | €0.04m | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €2.7m | €3.1m | €5.6m | €5.3m | €5.4m | €8.0m | €8.0m | €8.8m | ▲ 10.4% |
| Distributable reserves133 | - | - | - | €5.3m | €5.4m | €8.0m | €8.0m | €8.8m | ▲ 10.4% |
| Provisions and deferred taxes16 | €0.08m | €0.07m | €0.05m | €0.05m | €0.05m | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.05m | €0.05m | €0 | - | - | - |
| Environmental obligations163 | - | - | - | - | - | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.05m | €0.05m | - | - | - | - |
| Amounts payable17/49 | €16.2m | €22.1m | €23.7m | €16.2m | €16.8m | €23.6m | €18.2m | €13.1m | ▼ 27.7% |
| Amounts payable after more than one year17 | €3.0m | €2.9m | €3.5m | €2.9m | €2.8m | €2.4m | €2.0m | €1.6m | ▼ 20.0% |
| Financial debts170/4 | - | - | - | €2.9m | €2.8m | €2.4m | €2.0m | €1.6m | ▼ 20.0% |
| Leasing and similar obligations172 | - | - | - | - | - | €0.2m | €0.2m | €0.1m | ▼ 38.5% |
| Credit institutions173 | - | - | - | €2.9m | €2.8m | €2.2m | €1.8m | €1.5m | ▼ 18.3% |
| Amounts payable within one year42/48 | €13.2m | €19.2m | €20.2m | €13.3m | €14.0m | €21.1m | €15.9m | €11.5m | ▼ 27.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.7m | €0.4m | €0.4m | €0.4m | ▼ 1.1% |
| Financial debts43 | - | - | - | €0.4m | €4.3m | €12.8m | €9.4m | €3.9m | ▼ 59.0% |
| Credit institutions430/8 | - | - | - | €0.4m | €4.3m | €12.8m | €9.4m | €3.9m | ▼ 59.0% |
| Trade debts44 | €4.6m | €5.0m | €5.6m | €3.7m | €4.7m | €7.3m | €4.0m | €5.4m | ▲ 36.0% |
| Suppliers440/4 | - | - | - | €3.7m | €4.7m | €7.3m | €4.0m | €5.4m | ▲ 36.0% |
| Advances received on contracts in progress46 | - | - | - | €0.1m | €0.4m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1.4m | €1.5m | €0.6m | €0.8m | €0.8m | ▲ 2.1% |
| Taxes450/3 | - | - | - | €1.1m | €1.1m | €0.05m | €0.2m | €0.2m | ▼ 24.6% |
| Remuneration and social security454/9 | - | - | - | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | ▲ 12.8% |
| Other amounts payable47/48 | - | - | - | €7.0m | €2.5m | €0 | €1.3m | €1.0m | ▼ 24.1% |
| Accrued charges and deferred income492/3 | - | - | - | €414 | €0.04m | €0.1m | €0.2m | €0.02m | ▼ 89.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.4m | €2.5m | €6.6m | €2.6m | €2.6m | €1.3m | €0.8m | ▼ 37.7% |
| + Depreciation and write-downs630 | €0.8m | €1.0m | €0.9m | €0.9m | €1.1m | €1.0m | €0.8m | €1.2m | ▲ 44.2% |
| Operating cash flow (approximation) | €1.3m | €1.4m | €3.5m | €7.6m | €3.7m | €3.6m | €2.1m | €2.0m | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€0.7m | -€0.5m | -€0.2m | -€1.3m | -€1.2m | -€2.6m | ▼ 107% |
| Change in cash | - | €3.4m | -€4.1m | €1.1m | -€0.2m | -€0.7m | €0.7m | -€0.3m | - |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | full format | 12-10-2026 | 2026-00554212 |
| 31-03-2025 | full format | 29-10-2025 | 2025-00560460 |
| 31-03-2024 | full format | 07-10-2024 | 2024-00500338 |
| 31-03-2023 | full format | 09-10-2023 | 2023-00480715 |
| 31-03-2022 | full format | 12-10-2022 | 2022-20458696 |
| 31-03-2021 | full format | 01-10-2021 | 2021-70700194 |
| 31-03-2020 | full format | 19-10-2020 | 2020-61900331 |
| 31-03-2019 | full format | 07-10-2019 | 2019-68700533 |
| 31-03-2018 | full format | 27-09-2018 | 2018-65300383 |
| 31-03-2017 | full format | 26-10-2017 | 2017-67800307 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €44,278 awarded · €11,455 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €3,284 | €3,284 |
| 2024 | 2 | €36,575 | €3,752 |
| 2023 | 2 | €3,107 | €3,151 |
| 2022 | 1 | €1,312 | €1,268 |
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Statutory auditor 1
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| VCLJ BEDRIJFSREVISOREN |
|
Owners and capital
Owners
3 ownersChain of control
- Dekeyser Invest BV
- DEKEYSER INVEST
- KEY-TEC
Highest known parent: Dekeyser Invest BV. The sources do not say who stands above it.
Owners 3
-
99.99%
- Dekeyser Invest BVconsolidating parentconsolidates
- Sven Dekeysernatural personSourceown accounts 31-03-20260.01%
According to the annual accounts to 31-03-2026 of KEY-TEC and those of the other companies, 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
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
07-05
Gazette deed
Appointment: VCLJ Bedrijfsrevisoren (statutory auditor)Permanent representative: Patrick Kilian3 facts ▸
- General meeting, 07-02-2025
- Auditor appointment, VCLJ Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Patrick Kilian
22-04
Gazette deed
Registered office · Other addressesRegistered-office move2 facts ▸
- Registered-office move, 9180 Lokeren, Papdijk 16 bus A
- Board meeting, 04-03-2025
Show earlier events
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 9 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.
Recognitions · licences · registrations
Dual-learning approval
5 live approvals · 8 endedShow 8 ended approvals
Legal Entity Identifier
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44045I0618/00D000 | Flanders | 1.4 ha | 1 · 3,857 m² | 9.3 m · 3 |
| 44045I0617/00T000 | Flanders | 2,477 m² | 1 · 233 m² | 6.0 m · 1 |