Key Technology
ActiveSummary
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).
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 31 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen two years in a row; 2024 is 42% below 2023 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 28, Manufacture of machinery and equipment not elsewhere classified: 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 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 20,136 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 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €15.5m | €11.9m | €9.0m | €10.0m | - | - |
| Turnover70 | €17.7m | €17.4m | €15.5m | €11.0m | €9.0m | €10.0m | €9.5m | ▼ 4.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | -€0.1m | -€0.001m | €0 | - | - | - |
| Other operating income74 | - | - | €0.05m | €0.002m | €0 | €257 | - | - |
| Non-recurring operating income76A | - | - | - | €0.8m | €0.006m | €0 | - | - |
| Operating charges60/66A | - | - | €15.1m | €11.0m | €7.9m | €9.4m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €4.0m | - |
| Goods for resale, raw materials and consumables60 | - | - | €6.2m | €3.6m | €1.7m | €1.1m | - | - |
| Purchases600/8 | - | - | €5.8m | €2.6m | €1.7m | €1.2m | - | - |
| Change in stocks: decrease (increase)609 | - | - | €0.4m | €1.0m | -€0.009m | -€0.08m | - | - |
| Services and other goods61 | - | - | €2.8m | €2.0m | €2.2m | €2.7m | - | - |
| Remuneration, social security and pensions62 | - | - | €5.8m | €5.2m | €4.3m | €5.5m | €5.1m | ▼ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.3m | €0.2m | €0.1m | €0.06m | €0.07m | €0.08m | ▲ 12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.1m | €0.1m | -€0.4m | €0 | - | - |
| Other operating charges640/8 | - | - | €0.02m | €0.009m | €0.05m | €0.02m | €0.02m | ▼ 4.8% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.004m | €0 | ▼ 100% |
| Gross operating margin9900 | - | - | - | - | - | - | €5.6m | - |
| Operating profit (loss)9901 | -€0.6m | -€0.2m | €0.4m | €0.9m | €1.1m | €0.6m | €0.3m | ▼ 42.1% |
| Financial income75/76B | - | - | €0.003m | €0.002m | €0.007m | €37 | €1 | ▼ 97.6% |
| Recurring financial income75 | €0.001m | €51 | €0.003m | €0.002m | €0.007m | €37 | €1 | ▼ 97.6% |
| Other financial income752/9 | - | - | €0.003m | €0.002m | €0.007m | €37 | - | - |
| Financial charges65/66B | - | - | €0.03m | €0.01m | €0.006m | €0.006m | €0.01m | ▲ 127% |
| Recurring financial charges65 | €0.1m | €0.04m | €0.03m | €0.01m | €0.006m | €0.006m | €0.01m | ▲ 127% |
| Debt charges650 | €0.08m | €0.02m | €0.009m | €245 | €0 | - | - | - |
| Other financial charges652/9 | - | - | €0.02m | €0.01m | €0.006m | €0.006m | - | - |
| Profit (loss) for the period before taxes9903 | -€1.0m | -€0.2m | €0.3m | €0.9m | €1.1m | €0.6m | €0.3m | ▼ 43.9% |
| Income taxes67/77 | €0.006m | €0.02m | €0.01m | €0.009m | €0.2m | €0.3m | €0.1m | ▼ 55.1% |
| Taxes670/3 | - | - | €0.01m | €0.009m | €0.2m | €0.3m | - | - |
| Profit (loss) for the period9904 | -€1.0m | -€0.3m | €0.3m | €0.9m | €1.0m | €0.3m | €0.2m | ▼ 34.5% |
| Profit (loss) for the period to be appropriated9905 | -€1.0m | -€0.3m | €0.3m | €0.9m | €1.0m | €0.3m | €0.2m | ▼ 34.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €11.3m | €6.3m | €5.6m | €7.8m | €4.4m | €3.7m | €4.1m | ▲ 13.2% |
| Fixed assets21/28 | €0.8m | €0.5m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 5.3% |
| Intangible fixed assets21 | €0.02m | €0.002m | €110 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.8m | €0.5m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 5.4% |
| Plant, machinery and equipment23 | - | - | €0.04m | €0.002m | €0.03m | €0.05m | €0.04m | ▼ 25.2% |
| Furniture and vehicles24 | - | - | €0.06m | €0.03m | €0.03m | €0.07m | €0.05m | ▼ 23.1% |
| Other tangible fixed assets26 | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 1.1% |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.01m | €0.02m | ▲ 95.8% |
| Financial fixed assets28 | €0.007m | €0.003m | €0.003m | €0.005m | €0.01m | €0.01m | €0.01m | = |
| Other financial fixed assets284/8 | - | - | €0.003m | €0.005m | €0.01m | €0.01m | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | €0.003m | €0.005m | €0.01m | €0.01m | - | - |
| Current assets29/58 | €10.5m | €5.8m | €5.3m | €7.5m | €4.0m | €3.3m | €3.8m | ▲ 15.5% |
| Stocks and contracts in progress3 | €4.0m | €3.0m | €2.4m | €0.7m | €0.09m | €0 | - | - |
| Stocks30/36 | - | - | €2.4m | €0.7m | €0.09m | €0 | - | - |
| Raw materials and consumables30/31 | - | - | €1.4m | €0.4m | €0.05m | €0 | - | - |
| Work in progress32 | - | - | €0.7m | €0.02m | €0.01m | €0 | - | - |
| Finished goods33 | - | - | €0.03m | €0.02m | €0 | - | - | - |
| Goods purchased for resale34 | - | - | €0.4m | €0.2m | €0.01m | €0 | - | - |
| Advance payments36 | - | - | - | €0.009m | €0.009m | €0 | - | - |
| Amounts receivable within one year40/41 | €5.7m | €2.0m | €2.2m | €4.8m | €3.2m | €2.8m | €3.3m | ▲ 19.5% |
| Trade receivables40 | - | - | €2.1m | €0.1m | €0.1m | €0.08m | €0.01m | ▼ 85.3% |
| Other amounts receivable41 | - | - | €0.1m | €4.6m | €3.1m | €2.7m | €3.3m | ▲ 22.5% |
| Cash at bank and in hand54/58 | €0.8m | €0.7m | €0.5m | €1.9m | €0.6m | €0.3m | €0.4m | ▲ 35.1% |
| Deferred charges and accrued income490/1 | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.01m | ▼ 93.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €11.3m | €6.3m | €5.6m | €7.8m | €4.4m | €3.7m | €4.1m | ▲ 13.2% |
| Equity10/15 | -€0.1m | -€0.4m | -€0.07m | €0.8m | €1.8m | €2.1m | €2.3m | ▲ 10.1% |
| Contributions10/11 | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Capital10 | - | - | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Issued capital100 | - | - | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€3.4m | -€3.7m | -€3.3m | -€2.5m | -€1.5m | -€1.2m | -€1.0m | ▲ 17.8% |
| Amounts payable17/49 | €11.4m | €6.7m | €5.7m | €7.0m | €2.7m | €1.6m | €1.8m | ▲ 17.3% |
| Amounts payable within one year42/48 | €11.3m | €6.6m | €5.6m | €7.0m | €2.6m | €1.5m | €1.8m | ▲ 23.5% |
| Trade debts44 | €1.5m | €4.6m | €4.1m | €0.4m | €0.01m | €0.1m | €0.5m | ▲ 264% |
| Suppliers440/4 | - | - | €4.1m | €0.4m | €0.01m | €0.1m | €0.5m | ▲ 264% |
| Taxes, remuneration and social security45 | - | - | €1.5m | €0.8m | €1.2m | €1.2m | €1.3m | ▲ 3.8% |
| Taxes450/3 | - | - | €0.3m | €0.02m | €0.4m | €0.3m | €0.2m | ▼ 44.7% |
| Remuneration and social security454/9 | - | - | €1.2m | €0.7m | €0.8m | €0.9m | €1.1m | ▲ 22.1% |
| Other amounts payable47/48 | - | - | - | €5.8m | €1.4m | €0.1m | €0.09m | ▼ 26.0% |
| Accrued charges and deferred income492/3 | - | - | €0.09m | €0.06m | €0.08m | €0.08m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.0m | -€0.3m | €0.3m | €0.9m | €1.0m | €0.3m | €0.2m | ▼ 34.5% |
| + Depreciation and write-downs630 | €0.6m | €0.3m | €0.2m | €0.1m | €0.06m | €0.07m | €0.08m | ▲ 12.9% |
| Operating cash flow (approximation) | -€0.5m | €0.08m | €0.5m | €1.0m | €1.0m | €0.4m | €0.3m | ▼ 25.6% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€0.009m | -€0.2m | -€0.06m | -€0.1m | -€0.06m | ▲ 45.3% |
| Change in cash | - | -€0.08m | -€0.2m | €1.4m | -€1.3m | -€0.2m | €0.1m | - |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 30-07-2026 | 2026-00369740 |
| 31-12-2024 | abbreviated format | 30-07-2026 | 2026-00369740 |
| 31-12-2023 | full format | 08-10-2024 | 2024-00506591 |
| 31-12-2022 | full format | 23-01-2024 | 2024-00005711 |
| 31-12-2021 | full format | 07-07-2023 | 2023-00222626 |
| 31-12-2020 | full format | 22-06-2022 | 2022-20101859 |
| 31-12-2019 | full format | 26-06-2020 | 2020-22900313 |
| 31-12-2018 | full format | 13-11-2019 | 2019-73700337 |
| 30-09-2017 | full format | 20-12-2018 | 2018-75700248 |
| 30-09-2016 | full format | 06-02-2018 | 2018-04700069 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €13,972 awarded · €13,747 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,641 | €1,641 |
| 2024 | 2 | €4,953 | €5,245 |
| 2023 | 2 | €2,873 | €2,601 |
| 2022 | 2 | €4,505 | €4,260 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.