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KEY WEST

Active
Public limited companyfounded 200718 yrs activeChaussée de Tournai(R-C) 52/1, 7520 Tournai, BelgiumKBO/BCE: BE 0894.367.714
Summary

KEY WEST has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of -€4,802. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
KEY WESTActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€3.0mtotal assets 2025
Equity
€1.7m
Loss
-€4,802
Financial health
91 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Board
2 members
Holdings
1
Accounts 35 d early1 of 9 deeds read
Why 91- Liquidity: current ratio 0.01, cash €7,337+ Size: total assets €3.0m+ Figures for FY 2025 (filed 26-06-2026)+ Equity €1.7m (56.4% of total assets)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Better than 36% of its sector peers (no NACE code, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 81=
equity 56.4% of total assets
Liquidity 31-1
short-term debt 40.2% · cash 0.2%
Profitability 37+1
return on assets -0.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▲ +11.3% vs 12-2024highest value 02-2025: 0.2%● 0.0% vs 01-2025highest value 03-2025: 0.2%● 0.0% vs 02-2025highest value 04-2025: 0.2%▼ -8.1% vs 03-2025 05-2025: 0.2%▼ -0.6% vs 04-2025 06-2025: 0.2%▲ +7.8% vs 05-2025 07-2025: 0.1%▼ -49.0% vs 06-2025lowest value 08-2025: 0.1%● 0.0% vs 07-2025lowest value 09-2025: 0.1%● 0.0% vs 08-2025lowest value 10-2025: 0.1%● 0.0% vs 09-2025lowest value 11-2025: 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%▲ +11.1% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -8.2% vs 03-2026 05-2026: 0.1%▲ +3.0% vs 04-2026 06-2026: 0.1%▲ +24.0% vs 05-2026 07-2026: 0.1%▼ -7.8% vs 06-2026 08-2026: 0.1%● 0.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Size: total assets €3.0m lowers the probability for this profile
  • Liquidity: current ratio 0.01, cash €7,337 raises the probability
  • Figures for FY 2025 (filed 26-06-2026) lowers the probability
  • Equity €1.7m (56.4% of total assets) lowers the probability
Credit up to €150,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 40.2% and cash: 0.2% of total assets), and 43.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, small). Better than this share of them on solvency 51%, liquidity 20%, profitability 33%, growth against the median 40%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €3.0m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.01, cash €7,337
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 26-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €1.7m (56.4% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 d early
2024
44 d early
2023
26 d late
2022
49 d early
2021
58 d early
2020
39 d early
2019
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 34 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointments: Henri DEVILDER (director) and Pierre-Marin…State Gazette act
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€4,802 View
  • Board2 directors in office 2 View
  • Total assets 20256 fiscal years filed €3.0m View

By topic

Financials

Fiscal year
2025
Total assets
€3.0m
Loss
-€4,802
Solvency
56.4%
Total assets▼ 0.1%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 15-07-2026Reappointments: Henri DEVILDER (director) and Pierre-Marin DEVILDER…
  2. 26-06-2026Annual accounts filed
  3. 17-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
20-12-2007
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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