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Key Technology

Active
Public limited companyfounded 2004active for 22 yearsBedrijfsstraat 6B, 3500 Hasselt, BelgiumKBO/BCE: BE 0867.831.383
Summary

Key Technology has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.3m and a net result of €210,183. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 71% of 317 sector peers (NACE 28, financial year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28300Manufacture of machinery and equipment not elsewhere classified NACE 28930
6th largest employer in Limburg, Machinery and equipment sector2 sites
Size
€9.5mturnover 2024
Staff
45.7 FTE
Equity
€2.3m
Profit
€210,183
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.0%
Structure
Parent
Key Technology Holding USA LLC
Accounts 77 days overdue1 of 22 deeds read
Why 56raises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; latest accounts 364 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 01-08-2026)lowers riskFounded in 2004Size: turnover €9.5m, 45.7 FTE, total assets €4.1mShow the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 52% of its sector peers (NACE 28, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 80-2
equity 55.4% of total assets
Liquidity 42=
short-term debt 44.6% · cash 10.8%
Profitability 63-6
return on assets 5.1%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (291 companies, NACE 28, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.2%▼ -0.1 percentage points vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%▲ +0.1 percentage points vs 08-2025 10-2025: 0.8%▲ +0.2 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 1.2%▲ +0.4 percentage points vs 11-2025 01-2026: 2.9%▲ +1.7 percentage points vs 12-2025 02-2026: 2.9%● unchanged vs 01-2026 03-2026: 2.9%● unchanged vs 02-2026 04-2026: 2.5%▼ -0.4 percentage points vs 03-2026 05-2026: 2.5%● unchanged vs 04-2026 06-2026: 2.5%● unchanged vs 05-2026 07-2026: 2.5%● unchanged vs 06-2026 08-2026: 4.1%▲ +1.6 percentage points vs 07-2026highest value 09-2026: 0.7%▼ -3.4 percentage points vs 08-2026 10-2026: 1.0%▲ +0.3 percentage points vs 09-2026
Credit of up to €120,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 2.03, compared with 2.17 in 2023, above the usual 1.5; short-term debt: 44.6% and cash: 10.8% of total assets), and 44.6% of the assets are financed with debt and provisions.
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 28, small): better than 67% on solvency, 48% on liquidity, 40% on profitability and 52% on growth.

The bankruptcy probability was computed on 15-10-2026 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

Seven signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 364 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 01-08-2026)
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €9.5m, 45.7 FTE, total assets €4.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €2.3m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 77 days later.
NBB · 9 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline16-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2026, 364 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 9 filings
Deviation from the deadline
2025
not filed
2024
364 days late
2023
69 days late
2022
176 days late
2021
341 days late
2020
326 days late
2019
35 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 207 days after the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Appointment: Baker Tilly Bedrijfsrevisoren BV (statutory…Gazette deed

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 77 days late View
  • Positive: 6th largest employer in Limburg, Machinery and equipment sectorin the Checked rankings No. 6 View
  • Controlled by Key Technology Holding USA… parent View
  • Caution: Result fell in 2024from €320,716 to €210,183 ▼ 34.5% View
  • Positive: 5 profitable years in a rowprofit 2024: €210,183 5 years View

By topic

Financials

Financial year
2024
Turnover
€9.5m
Profit
€210,183
Solvency
55.4%
Turnover▼ 4.9%
Net result
20182024
Go to Financials

Timeline

Events
26
Since
2006
  1. 08-10-2024Annual accounts filed
  2. 23-01-2024Annual accounts filed
  3. 31-12-2023Equity above €2m
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28300
Founded
14-10-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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