KeyFox Management
ActiveSummary
The computed 12-month bankruptcy probability of KeyFox Management is 2.7% (moderate). The 2025 annual accounts show negative equity (-€95,001) and a net result of €9,817. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 1078 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+41
Solvency0=
Growth78▲+20
Track record92
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.17 in 2024; short-term debt: 388% and cash: 0% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-288%
Return on assets
29.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 1078 sector peers (2025).
NBB · sector comparisonPosition among 1078 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
61 d early
2022
61 d early
2021
61 d early
2020
61 d early
2019
31 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 31 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Checked, nothing found (1)
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 1 June (4 of the last 5 filed years within 86 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, abbreviated schema
Equity
-€95,001▲ 9.4%
2024 · -€104,817
Total assets
€32,985▲ 54.4%
2024 · €21,366
Net result
€9,817▲ 423%
2024 · €1,877
Working capital
-€95,167▲ 9.4%
2024 · -€104,983
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,284▲ 1,151%€26,688▼ 14.7%-€13,551€2,598€9,999▲ 285%
Net result€27,818above the sector's middle half€24,339above the sector's middle half▼ 12.5%-€13,018below the sector's middle half€1,877within the sector's middle half€9,817within the sector's middle half▲ 423%
Equity-€118,015below the sector's middle half▲ 19.1%-€93,676below the sector's middle half▲ 20.6%-€106,694below the sector's middle half▼ 13.9%-€104,817below the sector's middle half▲ 1.8%-€95,001below the sector's middle half▲ 9.4%
Total assets€27,529within the sector's middle half▼ 83.0%€10,231below the sector's middle half▼ 62.8%€7,775below the sector's middle half▼ 24.0%€21,366below the sector's middle half▲ 175%€32,985below the sector's middle half▲ 54.4%
Debt€145,544▼ 52.6%€103,907▼ 28.6%€114,469▲ 10.2%€126,183▲ 10.2%€127,985▲ 1.4%
Working capital-€77,584below the sector's middle half▲ 62.0%-€81,104below the sector's middle half▼ 4.5%-€98,237below the sector's middle half▼ 21.1%-€104,983below the sector's middle half▼ 6.9%-€95,167below the sector's middle half▲ 9.4%
Solvency-428.7%below the sector's middle half▼ 338.4pp-915.6%below the sector's middle half▼ 486.9pp-490.6%below the sector's middle half-288.0%below the sector's middle half▲ 202.6pp
Current ratio0.23below the sector's middle half▲ 0.090.07below the sector's middle half▼ 0.170.05below the sector's middle half▼ 0.020.17below the sector's middle half▲ 0.120.26below the sector's middle half▲ 0.09
Return on assets (ROA)101.1%above the sector's middle half▲ 101.9pp237.9%above the sector's middle half▲ 136.8pp-167.4%below the sector's middle half▼ 405.3pp8.8%within the sector's middle half▲ 176.2pp29.8%above the sector's middle half▲ 21.0pp
Staff (FTE)2.2▼ 26.7%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 285% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32,985
Fixed assets
€166 =
Current assets
€32,819 ▲ 54.8%
Key figures and ratios
Debt to equity
-1.35▼
2024 · -1.20
Debt ≤ 1 year
€127,985▲
2024 · €126,183
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% 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 3,632 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €54,087 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,012 | €1,953 | €1,987 | - | - | - |
| Other operating charges640/8 | €87,630 | €1,069 | €637 | €1,488 | €559 | ▼ 62.5% |
| Non-recurring operating charges66A | - | €104 | - | - | - | - |
| Gross operating margin9900 | €175,014 | €29,815 | -€10,927 | €4,086 | €10,558 | ▲ 158% |
| Operating profit (loss)9901 | €31,284 | €26,688 | -€13,551 | €2,598 | €9,999 | ▲ 285% |
| Financial income75/76B | €0 | - | €1,557 | - | - | - |
| Recurring financial income75 | €0 | - | €1,557 | - | - | - |
| Financial charges65/66B | €3,466 | €2,349 | €1,024 | €721 | €183 | ▼ 74.6% |
| Recurring financial charges65 | €3,466 | €2,349 | €1,024 | €721 | €183 | ▼ 74.6% |
| Profit (loss) for the period before taxes9903 | €27,818 | €24,339 | -€13,018 | €1,877 | €9,817 | ▲ 423% |
| Profit (loss) for the period9904 | €27,818 | €24,339 | -€13,018 | €1,877 | €9,817 | ▲ 423% |
| Profit (loss) for the period to be appropriated9905 | €27,818 | €24,339 | -€13,018 | €1,877 | €9,817 | ▲ 423% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,529 | €10,231 | €7,775 | €21,366 | €32,985 | ▲ 54.4% |
| Fixed assets21/28 | €4,082 | €4,553 | €2,566 | €166 | €166 | = |
| Tangible fixed assets22/27 | €3,916 | €4,387 | €2,400 | - | - | - |
| Furniture and vehicles24 | €3,916 | €4,387 | €2,400 | - | - | - |
| Financial fixed assets28 | €166 | €166 | €166 | €166 | €166 | = |
| Current assets29/58 | €23,446 | €5,679 | €5,209 | €21,200 | €32,819 | ▲ 54.8% |
| Amounts receivable within one year40/41 | €18,752 | €4,390 | €4,907 | €20,898 | €32,815 | ▲ 57.0% |
| Trade receivables40 | €15,358 | €446 | €612 | €17,262 | €32,815 | ▲ 90.1% |
| Other amounts receivable41 | €3,394 | €3,944 | €4,295 | €3,636 | - | - |
| Cash at bank and in hand54/58 | €4,049 | €648 | €6 | €2 | €4 | ▲ 104% |
| Deferred charges and accrued income490/1 | €645 | €641 | €297 | €300 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,529 | €10,231 | €7,775 | €21,366 | €32,985 | ▲ 54.4% |
| Equity10/15 | -€118,015 | -€93,676 | -€106,694 | -€104,817 | -€95,001 | ▲ 9.4% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Capital10 | - | - | - | €30,000 | €30,000 | = |
| Issued capital100 | - | - | - | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€148,015 | -€123,676 | -€136,694 | -€134,817 | -€125,001 | ▲ 7.3% |
| Amounts payable17/49 | €145,544 | €103,907 | €114,469 | €126,183 | €127,985 | ▲ 1.4% |
| Amounts payable after more than one year17 | €44,423 | €17,092 | €11,013 | - | - | - |
| Financial debts170/4 | €44,423 | €17,092 | €11,013 | - | - | - |
| Amounts payable within one year42/48 | €101,030 | €86,782 | €103,446 | €126,183 | €127,985 | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | €19,720 | €5,929 | €6,079 | - | - | - |
| Financial debts43 | - | €991 | - | - | - | - |
| Credit institutions430/8 | - | €991 | - | - | - | - |
| Trade debts44 | €6,335 | €2,557 | €273 | €666 | €3,031 | ▲ 355% |
| Suppliers440/4 | €6,335 | €2,557 | €273 | €666 | €3,031 | ▲ 355% |
| Taxes, remuneration and social security45 | €5,853 | - | - | - | €5,319 | - |
| Taxes450/3 | €2,386 | - | - | - | €5,319 | - |
| Remuneration and social security454/9 | €3,467 | - | - | - | - | - |
| Other amounts payable47/48 | €69,123 | €77,305 | €97,094 | €125,517 | €119,635 | ▼ 4.7% |
| Accrued charges and deferred income492/3 | €91 | €32 | €10 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,818 | €24,339 | -€13,018 | €1,877 | €9,817 | ▲ 423% |
| + Depreciation and write-downs630 | €2,012 | €1,953 | €1,987 | - | - | - |
| Operating cash flow (approximation) | €29,830 | €26,292 | -€11,031 | €1,877 | €9,817 | ▲ 423% |
| Investment in fixed assets (approximation) | - | -€2,423 | €0 | €2,400 | €0 | ▼ 100% |
| Change in cash | - | -€3,402 | -€642 | -€4 | €2 | ▲ 156% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €1,877
Net result €1,877 after one loss-making year.
25-10
KBO administration
UBO non-compliance
event 15-10-2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €27,818
Net result €27,818 after 3 loss-making years.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€44,034
Net result drops to -€44,034, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Namur · 1 establishment unit since 2016
Ground area
6,624 m²
Building footprint
282 m²
Volume, LiDAR
938 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KeyFox Management
since 20162.257.662.231
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92043A0019/02W000 | Wallonia | 5,790 m² | 1 · 138 m² | 8.2 m · 2 fl. |
| 25772H0019/02A000 | Wallonia | 834 m² | 1 · 144 m² | - |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,867 companies in sector 96220 we hold annual accounts for 1,445. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
Contact
E-mail
tfourneaux@hotmail.comWavre
Phone
0479660111Wavre
E-invoicing
Reachable via Peppol
Peppol ID
0208:0661809422
Also
9925:BE0661809422
Registered
13-04-2026
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.