KEYDEV
ActiveSummary
KEYDEV has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,925 and a net result of -€100. Equity is shrinking by ~13.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+2
Solvency48▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.03 in 2024; short-term debt: 77.2% and cash: 0.2% of total assets), and 77.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.8%
Return on assets
-0.1%
Age of the figures
9 mo
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 30-05-2026, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
62 d early
2024
68 d early
2023
6 d late
2022
73 d early
2021
56 d early
2020
9 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 31 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 30 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2024 · €0
EBIT margin
-21453.8%
Net result
-€100▲ 95.4%
2024 · -€2,172
Working capital
-€150,927▲ 3.2%
2024 · -€155,884
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€81€0€0
Operating result-€17,213▼ 4,126%-€17,270▼ 0.3%-€18,670▼ 8.1%-€1,675▲ 91.0%€388
Net result-€18,822▼ 682%-€20,138▼ 7.0%-€19,887▲ 1.2%-€2,172▲ 89.1%-€100▲ 95.4%
EBIT margin-21453.8%
Equity€87,221▼ 17.7%€67,083▼ 23.1%€47,197▼ 29.6%€45,025▼ 4.6%€44,925▼ 0.2%
Total assets€237,247▼ 12.5%€217,176▼ 8.5%€215,222▼ 0.9%€206,235▼ 4.2%€197,406▼ 4.3%
Debt€150,026▼ 9.2%€150,093=€168,025▲ 11.9%€161,210▼ 4.1%€152,481▼ 5.4%
Working capital-€41,668▼ 91.9%-€147,220▼ 253%-€165,464▼ 12.4%-€155,884▲ 5.8%-€150,927▲ 3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €388 after a loss of €1,675 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197,406
Fixed assets
€195,852 ▼ 2.5%
Current assets
€1,554 ▼ 70.8%
Equity and liabilities €197,406
Equity
€44,925 ▼ 0.2%
Debt
€152,481 ▼ 5.4%
Debt's share of the balance-sheet total falls from 78.2% to 77.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,716▲
2024 · €18,420
Cash flow
€20,227▲
2024 · €17,924
Current ratio
0.01▼
2024 · 0.03
Debt to equity
3.39▼
2024 · 3.58
ROE
-0.2%▲
2024 · -4.8%
ROA
-0.1%▲
2024 · -1.1%
Interest coverage
128.67▲
2024 · 98.46
Debt ≤ 1 year
€152,481▼
2024 · €161,210
Income taxes
€327▲
2024 · €310
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.0% |
| 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% 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 2,165 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €81 | - | €0 | €0 | - |
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €28,830 | €18,388 | €20,400 | €19,421 | ▼ 4.8% |
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,494 | €20,584 | €34,825 | €20,095 | €20,327 | ▲ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0 | - | - |
| Other operating charges640/8 | €2,782 | €3,433 | €6,782 | €3,462 | €3,430 | ▼ 0.9% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - |
| Gross operating margin9900 | €6,063 | €6,747 | €22,937 | €21,882 | €24,146 | ▲ 10.3% |
| Operating profit (loss)9901 | -€17,213 | -€17,270 | -€18,670 | -€1,675 | €388 | ▲ 123% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €0 | - | - |
| Financial charges65/66B | €1,308 | €2,912 | €865 | €187 | €161 | ▼ 13.9% |
| Recurring financial charges65 | €1,308 | €2,912 | €865 | €187 | €161 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | -€18,521 | -€20,182 | -€19,535 | -€1,862 | €227 | ▲ 112% |
| Income taxes67/77 | €301 | -€45 | €352 | €310 | €327 | ▲ 5.6% |
| Profit (loss) for the period9904 | -€18,822 | -€20,138 | -€19,887 | -€2,172 | -€100 | ▲ 95.4% |
| Profit (loss) for the period to be appropriated9905 | -€18,822 | -€20,138 | -€19,887 | -€2,172 | -€100 | ▲ 95.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €237,247 | €217,176 | €215,222 | €206,235 | €197,406 | ▼ 4.3% |
| Formation expenses20 | - | - | €0 | €0 | - | - |
| Fixed assets21/28 | €234,888 | €214,304 | €212,661 | €200,909 | €195,852 | ▼ 2.5% |
| Intangible fixed assets21 | - | - | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €234,801 | €214,217 | €212,574 | €200,822 | €195,765 | ▼ 2.5% |
| Land and buildings22 | €234,024 | €213,752 | €212,394 | €194,834 | €191,353 | ▼ 1.8% |
| Plant, machinery and equipment23 | - | - | €0 | €0 | - | - |
| Furniture and vehicles24 | €777 | €465 | €180 | €5,988 | €4,413 | ▼ 26.3% |
| Leasing and similar rights25 | - | - | €0 | €0 | - | - |
| Other tangible fixed assets26 | - | - | €0 | €0 | - | - |
| Assets under construction and advance payments27 | - | - | €0 | €0 | - | - |
| Financial fixed assets28 | €87 | €87 | €87 | €87 | €87 | = |
| Current assets29/58 | €2,359 | €2,873 | €2,561 | €5,326 | €1,554 | ▼ 70.8% |
| Amounts receivable after more than one year29 | - | - | €0 | €0 | - | - |
| Trade receivables290 | - | - | €0 | €0 | - | - |
| Other amounts receivable291 | - | - | €0 | €0 | - | - |
| Stocks and contracts in progress3 | - | - | €0 | €0 | - | - |
| Stocks30/36 | - | - | €0 | €0 | - | - |
| Contracts in progress37 | - | - | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €699 | €1,551 | €300 | €30 | €13 | ▼ 57.4% |
| Trade receivables40 | - | - | €300 | €0 | - | - |
| Other amounts receivable41 | €699 | €1,551 | €0 | €30 | €13 | ▼ 57.4% |
| Current investments50/53 | - | - | €0 | €0 | - | - |
| Cash at bank and in hand54/58 | €790 | €378 | €1,234 | €4,233 | €432 | ▼ 89.8% |
| Deferred charges and accrued income490/1 | €870 | €944 | €1,027 | €1,062 | €1,109 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €237,247 | €217,176 | €215,222 | €206,235 | €197,406 | ▼ 4.3% |
| Equity10/15 | €87,221 | €67,083 | €47,197 | €45,025 | €44,925 | ▼ 0.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | - | €0 | €0 | - | - |
| Reserves13 | €68,621 | €48,483 | €28,597 | €26,425 | €26,325 | ▼ 0.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Own shares acquired1312 | - | - | €0 | €0 | - | - |
| Financial assistance1313 | - | - | €0 | €0 | - | - |
| Other1319 | - | - | €0 | €0 | - | - |
| Tax-exempt reserves132 | - | - | €0 | €0 | - | - |
| Distributable reserves133 | €66,761 | €46,623 | €26,737 | €24,565 | €24,465 | ▼ 0.4% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Investment grants15 | - | - | €0 | €0 | - | - |
| Advance to shareholders on the distribution of net assets19 | - | - | €0 | €0 | - | - |
| Provisions and deferred taxes16 | - | - | €0 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €0 | €0 | - | - |
| Pensions and similar obligations160 | - | - | €0 | €0 | - | - |
| Taxes161 | - | - | €0 | €0 | - | - |
| Major repairs and maintenance162 | - | - | €0 | €0 | - | - |
| Environmental obligations163 | - | - | €0 | €0 | - | - |
| Other liabilities and charges164/5 | - | - | €0 | €0 | - | - |
| Deferred taxes168 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €150,026 | €150,093 | €168,025 | €161,210 | €152,481 | ▼ 5.4% |
| Amounts payable after more than one year17 | €105,999 | - | €0 | €0 | - | - |
| Financial debts170/4 | €105,999 | - | €0 | €0 | - | - |
| Trade debts175 | - | - | €0 | €0 | - | - |
| Advances received on contracts in progress176 | - | - | €0 | €0 | - | - |
| Other amounts payable178/9 | - | - | €0 | €0 | - | - |
| Amounts payable within one year42/48 | €44,027 | €150,093 | €168,025 | €161,210 | €152,481 | ▼ 5.4% |
| Current portion of amounts payable after more than one year42 | €17,667 | - | €0 | €0 | - | - |
| Financial debts43 | - | - | €0 | €0 | - | - |
| Credit institutions430/8 | - | - | €0 | €0 | - | - |
| Other loans439 | - | - | €0 | €0 | - | - |
| Trade debts44 | €1,078 | €1,891 | €1,184 | €1,869 | €1,162 | ▼ 37.8% |
| Suppliers440/4 | €1,078 | €1,891 | €1,184 | €1,869 | €1,162 | ▼ 37.8% |
| Bills of exchange payable441 | - | - | €0 | €0 | - | - |
| Advances received on contracts in progress46 | - | - | €0 | €0 | - | - |
| Taxes, remuneration and social security45 | €501 | €261 | €357 | €0 | - | - |
| Taxes450/3 | €501 | €261 | €357 | €0 | - | - |
| Remuneration and social security454/9 | - | - | €0 | €0 | - | - |
| Other amounts payable47/48 | €24,781 | €147,941 | €166,484 | €159,341 | €151,319 | ▼ 5.0% |
| Accrued charges and deferred income492/3 | - | - | €0 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,822 | -€20,138 | -€19,887 | -€2,172 | -€100 | ▲ 95.4% |
| + Depreciation and write-downs630 | €20,494 | €20,584 | €34,825 | €20,095 | €20,327 | ▲ 1.2% |
| Operating cash flow (approximation) | €1,672 | €446 | €14,938 | €17,924 | €20,227 | ▲ 12.9% |
| Investment in fixed assets (approximation) | - | €1 | -€33,182 | -€8,343 | -€15,271 | ▼ 83.0% |
| Change in cash | - | -€412 | €856 | €2,999 | -€3,802 | ▼ 227% |
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
30-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
19-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€20,138
Net result drops to -€20,138, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Highest result since 2018net €26,006 ▲40.7%
Operating result €30,507, net result €26,006, both a record.
31-12
Financial
Equity above €100,000Eq €108,451 ▲11.3%
2 profitable years in a row build equity to €108,451.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tournai · 1 establishment unit since 2012
Ground area
1,639 m²
Building footprint
317 m²
Volume, LiDAR
1,417 m³
Parcel 57052C0072/00L000, Wallonia · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KeyDev
since 20122.208.355.943
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57052C0072/00L000 | Wallonia | 1,639 m² | 1 · 317 m² | 6.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded01-03-2012
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844095681
Also
9925:BE0844095681
Registered
30-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.