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KEY TO PERFORM

Active
Private limited companyfounded 201610 years activede Nieuwenhovestraat 45, 1180 Ukkel, BelgiumKBO/BCE: BE 0649.546.048
Summary

The computed 12-month bankruptcy probability of KEY TO PERFORM is 5.9% (elevated). The 2024 annual accounts show negative equity (-€10,727) and a net result of €42. Equity is shrinking by ~19.4% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€46,856total assets 2024
Staff
1 FTE
Equity
-€10,727
Profit
€42
Financial health
35 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.9%
Structure
Accounts 69 days overdue0 of 2 deeds read
Why 35- Latest accounts 61 days late; 3 of the last 3 late- No main activity registered- Liquidity: current ratio 0.18+ Size: 0.3 FTE, total assets €35,311Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 27% of its sector peers (no NACE code, micro)
Financial strength · tick = 2023
Weak
Solvency 2+2
equity -22.9% of total assets
Liquidity 28+28
short-term debt 67.6%
Profitability 47-22
return on assets 0.1%
Bankruptcy probability, 12 months
5.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 7.1% 12-2024: 8.3%▲ +1.2 percentage points vs 11-2024 01-2025: 11.2%▲ +2.9 percentage points vs 12-2024 02-2025: 11.2%● unchanged vs 01-2025 03-2025: 11.3%▲ +0.1 percentage points vs 02-2025 04-2025: 11.5%▲ +0.2 percentage points vs 03-2025 05-2025: 11.5%● unchanged vs 04-2025 06-2025: 11.5%● unchanged vs 05-2025 07-2025: 11.1%▼ -0.4 percentage points vs 06-2025 08-2025: 12.5%▲ +1.4 percentage points vs 07-2025 09-2025: 13.1%▲ +0.6 percentage points vs 08-2025 10-2025: 15.2%▲ +2.1 percentage points vs 09-2025highest value 11-2025: 10.3%▼ -4.9 percentage points vs 10-2025 12-2025: 10.3%● unchanged vs 11-2025 01-2026: 10.3%● unchanged vs 12-2025 02-2026: 10.3%● unchanged vs 01-2026 03-2026: 10.3%● unchanged vs 02-2026 04-2026: 10.3%● unchanged vs 03-2026 05-2026: 10.2%▼ -0.1 percentage points vs 04-2026 06-2026: 10.1%▼ -0.1 percentage points vs 05-2026 07-2026: 9.9%▼ -0.2 percentage points vs 06-2026 08-2026: 11.3%▲ +1.4 percentage points vs 07-2026 09-2026: 12.0%▲ +0.7 percentage points vs 08-2026 10-2026: 5.9%▼ -6.1 percentage points vs 09-2026lowest value
No credit on open account
Liquidity short (current ratio 0.02 against 0.01 in 2023; short-term debt: 67.6% of total assets), and equity is negative.
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 (no NACE code, micro): better than 10% on solvency, 16% on liquidity, 35% on profitability and 49% on growth.

The bankruptcy probability was computed on 08-10-2026 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 · Latest accounts 61 days late; 3 of the last 3 late
NBB · filings
raises risk · No main activity registered
KBO
lowers risk · Size: 0.3 FTE, total assets €35,311
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.18
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
61 days late
2023
126 days late
2022
11 days late
2021
142 days late
2020
110 days late
2019
62 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 85 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Annual accounts filedfiscal year 2022 · full…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€10,727 View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Total assets 20246 fiscal years filed €46,856 View

By topic

Financials

Fiscal year
2024
Total assets
€46,856
Profit
€42
Solvency
-22.9%
Total assets▲ 67.2%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2017
  1. 31-12-2022Back to profit
  2. 20-12-2022Annual accounts filed
  3. 31-12-2021Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Founded
02-03-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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