KEYCOTAX
ActiveSummary
KEYCOTAX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,387 and a net result of €7,004. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 12761 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency69▲+27
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.46 in 2024; short-term debt: 55.7% and cash: 32.4% of total assets), and 55.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.3%
Return on assets
29.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 8 filingsDeviation from the deadline
2025
11 d late
2024
34 d early
2023
2 d late
2022
11 d late
2021
10 d late
2020
23 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€10,387▲ 207%
2024 · €3,384
Total assets
€23,466▲ 16.6%
2024 · €20,121
Net result
€7,004▼ 30.4%
2024 · €10,062
Working capital
-€2,855▲ 68.6%
2024 · -€9,092
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,763-€21,031▼ 140%€4,560€12,854▲ 182%€10,562▼ 17.8%
Net result-€9,245-€21,386▼ 131%€4,222€10,062▲ 138%€7,004▼ 30.4%
Equity€10,486▼ 46.9%-€10,900-€6,678▲ 38.7%€3,384€10,387▲ 207%
Total assets€57,864▼ 0.9%€38,596▼ 33.3%€26,980▼ 30.1%€20,121▼ 25.4%€23,466▲ 16.6%
Debt€47,378▲ 22.6%€49,496▲ 4.5%€33,658▼ 32.0%€16,737▼ 50.3%€13,079▼ 21.9%
Working capital-€37,248▼ 82.0%-€46,194▼ 24.0%-€30,061▲ 34.9%-€9,092▲ 69.8%-€2,855▲ 68.6%
Staff (FTE)0.9▲ 80.0%1▲ 11.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,466
Fixed assets
€13,242 ▲ 6.1%
Current assets
€10,224 ▲ 33.7%
Equity and liabilities €23,466
Equity
€10,387 ▲ 207%
Debt
€13,079 ▼ 21.9%
Debt's share of the balance-sheet total falls from 83.2% to 55.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,770▼
2024 · €15,252
Cash flow
€9,212▼
2024 · €12,459
Current ratio
0.78▲
2024 · 0.46
Debt to equity
1.26▼
2024 · 4.95
ROE
67.4%▼
2024 · 297.4%
ROA
29.8%▼
2024 · 50.0%
Interest coverage
103.19▲
2024 · 62.10
Debt ≤ 1 year
€13,079▼
2024 · €16,737
Income taxes
€3,434▲
2024 · €2,547
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €44,224 | €22,652 | €323 | €556 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,037 | €13,778 | €7,138 | €2,398 | €2,209 | ▼ 7.9% |
| Other operating charges640/8 | €782 | €699 | €5,731 | €9,294 | €954 | ▼ 89.7% |
| Gross operating margin9900 | €50,281 | €16,098 | €17,753 | €25,102 | €13,724 | ▼ 45.3% |
| Operating profit (loss)9901 | -€8,763 | -€21,031 | €4,560 | €12,854 | €10,562 | ▼ 17.8% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | €336 | €206 | €174 | €246 | €124 | ▼ 49.6% |
| Recurring financial charges65 | €336 | €206 | €174 | €246 | €124 | ▼ 49.6% |
| Profit (loss) for the period before taxes9903 | -€9,099 | -€21,237 | €4,386 | €12,608 | €10,438 | ▼ 17.2% |
| Income taxes67/77 | €146 | €149 | €164 | €2,547 | €3,434 | ▲ 34.9% |
| Profit (loss) for the period9904 | -€9,245 | -€21,386 | €4,222 | €10,062 | €7,004 | ▼ 30.4% |
| Profit (loss) for the period to be appropriated9905 | -€9,245 | -€21,386 | €4,222 | €10,062 | €7,004 | ▼ 30.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,864 | €38,596 | €26,980 | €20,121 | €23,466 | ▲ 16.6% |
| Fixed assets21/28 | €47,735 | €35,294 | €23,383 | €12,476 | €13,242 | ▲ 6.1% |
| Intangible fixed assets21 | €5,773 | €4,773 | - | - | - | - |
| Tangible fixed assets22/27 | €41,962 | €30,522 | €23,383 | €12,476 | €13,242 | ▲ 6.1% |
| Plant, machinery and equipment23 | €18,752 | €12,722 | €8,509 | - | - | - |
| Furniture and vehicles24 | €6,834 | €1,868 | €755 | €175 | €2,753 | ▲ 1,477% |
| Other tangible fixed assets26 | €16,376 | €15,931 | €14,119 | €12,301 | €10,489 | ▼ 14.7% |
| Current assets29/58 | €10,129 | €3,302 | €3,597 | €7,645 | €10,224 | ▲ 33.7% |
| Amounts receivable within one year40/41 | €7,658 | €583 | €1,053 | €4,879 | - | - |
| Trade receivables40 | €7,658 | €583 | €1,053 | €4,879 | - | - |
| Cash at bank and in hand54/58 | €949 | €639 | €329 | €494 | €7,598 | ▲ 1,439% |
| Deferred charges and accrued income490/1 | €1,523 | €2,080 | €2,215 | €2,271 | €2,626 | ▲ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,864 | €38,596 | €26,980 | €20,121 | €23,466 | ▲ 16.6% |
| Equity10/15 | €10,486 | -€10,900 | -€6,678 | €3,384 | €10,387 | ▲ 207% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €13,531 | €13,531 | €13,531 | €13,531 | €13,531 | = |
| Distributable reserves133 | €13,531 | €13,531 | €13,531 | €13,531 | €13,531 | = |
| Profit (loss) carried forward14 | -€9,245 | -€30,631 | -€26,409 | -€16,347 | -€9,344 | ▲ 42.8% |
| Amounts payable17/49 | €47,378 | €49,496 | €33,658 | €16,737 | €13,079 | ▼ 21.9% |
| Amounts payable within one year42/48 | €47,378 | €49,496 | €33,658 | €16,737 | €13,079 | ▼ 21.9% |
| Current portion of amounts payable after more than one year42 | €4,141 | - | - | - | - | - |
| Trade debts44 | €2,103 | €1,317 | €1,018 | €841 | €388 | ▼ 53.9% |
| Suppliers440/4 | €2,103 | €1,317 | €1,018 | €841 | €388 | ▼ 53.9% |
| Taxes, remuneration and social security45 | €14,625 | €4,400 | €1,711 | €5,267 | €6,452 | ▲ 22.5% |
| Taxes450/3 | €7,870 | €2,833 | €1,711 | €5,267 | €6,452 | ▲ 22.5% |
| Remuneration and social security454/9 | €6,755 | €1,567 | - | - | - | - |
| Other amounts payable47/48 | €26,509 | €43,779 | €30,929 | €10,628 | €6,239 | ▼ 41.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,245 | -€21,386 | €4,222 | €10,062 | €7,004 | ▼ 30.4% |
| + Depreciation and write-downs630 | €14,037 | €13,778 | €7,138 | €2,398 | €2,209 | ▼ 7.9% |
| Operating cash flow (approximation) | €4,792 | -€7,608 | €11,360 | €12,459 | €9,212 | ▼ 26.1% |
| Investment in fixed assets (approximation) | - | -€1,338 | €4,773 | €8,509 | -€2,975 | ▼ 135% |
| Change in cash | - | -€309 | -€310 | €165 | €7,104 | ▲ 4,212% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Back to profitnet €4,222
Net result €4,222 after 2 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Weakest financial yearnet -€21,386
Net result drops to -€21,386, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €17,858
Net result €17,858 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 2017
Ground area
2.3 ha
Building footprint
1,285 m²
2 parcels, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KEYCOTAX
since 20172.269.099.125
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25742B0631/00A000 | Wallonia | 1.3 ha | 1 · 1,285 m² | - |
| 25742B0142/00A000 | Wallonia | 1.0 ha | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 3,159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.