KEYLIN
ActiveSummary
The computed 12-month bankruptcy probability of KEYLIN is 3.5% (moderate). The 2024 annual accounts show equity of €189,497 and a net result of €86,027. Equity is growing by ~42.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 18940 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+2
Solvency51▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.3 in 2023; short-term debt: 35.3% and cash: 13.2% of total assets), and 73.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
153 d late
2022
32 d late
2021
112 d late
2020
61 d late
2019
273 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 110 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€189,497▲ 23.5%
2023 · €153,469
Total assets
€721,849▲ 6.1%
2023 · €680,075
Net result
€86,027▲ 15.1%
2023 · €74,773
Working capital
€47,137▼ 33.0%
2023 · €70,397
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,882€49,133▲ 254%€141,284▲ 188%€97,490▼ 31.0%€122,891▲ 26.1%
Net result€13,809within the sector's middle half€40,982above the sector's middle half▲ 197%€114,284above the sector's middle half▲ 179%€74,773above the sector's middle half▼ 34.6%€86,027above the sector's middle half▲ 15.1%
Equity€13,431within the sector's middle half€54,412within the sector's middle half▲ 305%€138,696above the sector's middle half▲ 155%€153,469above the sector's middle half▲ 10.7%€189,497above the sector's middle half▲ 23.5%
Total assets€30,459below the sector's middle half▼ 15.2%€89,383within the sector's middle half▲ 193%€238,229above the sector's middle half▲ 167%€680,075above the sector's middle half▲ 185%€721,849above the sector's middle half▲ 6.1%
Debt€17,028▼ 53.1%€34,971▲ 105%€99,533▲ 185%€526,606▲ 429%€532,352▲ 1.1%
Working capital-€4,975within the sector's middle half▲ 80.5%€42,765above the sector's middle half€82,428above the sector's middle half▲ 92.7%€70,397above the sector's middle half▼ 14.6%€47,137above the sector's middle half▼ 33.0%
Solvency44.1%within the sector's middle half▲ 45.2pp60.9%above the sector's middle half▲ 16.8pp58.2%above the sector's middle half▼ 2.7pp22.6%within the sector's middle half▼ 35.7pp26.3%within the sector's middle half▲ 3.7pp
Current ratio0.71within the sector's middle half▲ 0.412.22within the sector's middle half▲ 1.521.83within the sector's middle half▼ 0.391.30within the sector's middle half▼ 0.521.18within the sector's middle half▼ 0.12
Return on assets (ROA)45.3%above the sector's middle half▲ 98.2pp45.8%above the sector's middle half▲ 0.5pp48.0%above the sector's middle half▲ 2.1pp11.0%within the sector's middle half▼ 37.0pp11.9%within the sector's middle half▲ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 26% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €721,849
Fixed assets
€419,626 ▲ 11.2%
Current assets
€302,223 ▼ 0.1%
Equity and liabilities €721,849
Equity
€189,497 ▲ 23.5%
Debt
€532,352 ▲ 1.1%
Debt's share of the balance-sheet total falls from 77.4% to 73.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€168,439▲
2023 · €140,731
Cash flow
€131,575▲
2023 · €118,014
Debt to equity
2.81▼
2023 · 3.43
ROE
45.4%▼
2023 · 48.7%
Interest coverage
90.36▼
2023 · 434.35
Debt ≤ 1 year
€255,086▲
2023 · €232,152
Debt > 1 year
€277,266▼
2023 · €294,454
Income taxes
€35,000▲
2023 · €22,393
Staff costs
€22,641▼
2023 · €25,633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,679 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,679 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €43 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €348 | €12,292 | €25,633 | €22,641 | ▼ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,759 | €6,759 | €22,262 | €43,241 | €45,548 | ▲ 5.3% |
| Other operating charges640/8 | - | €348 | €8,096 | €5,405 | €5,044 | ▼ 6.7% |
| Non-recurring operating charges66A | - | €312 | €206 | €1,266 | €5,688 | ▲ 349% |
| Gross operating margin9900 | €21,060 | €56,900 | €184,140 | €173,035 | €201,812 | ▲ 16.6% |
| Operating profit (loss)9901 | €13,882 | €49,133 | €141,284 | €97,490 | €122,891 | ▲ 26.1% |
| Financial charges65/66B | - | €43 | - | €324 | €1,864 | ▲ 475% |
| Recurring financial charges65 | €73 | €43 | - | €324 | €1,864 | ▲ 475% |
| Profit (loss) for the period before taxes9903 | €13,809 | €49,090 | €141,284 | €97,166 | €121,027 | ▲ 24.6% |
| Income taxes67/77 | - | €8,108 | €27,000 | €22,393 | €35,000 | ▲ 56.3% |
| Profit (loss) for the period9904 | €13,809 | €40,982 | €114,284 | €74,773 | €86,027 | ▲ 15.1% |
| Profit (loss) for the period to be appropriated9905 | €13,809 | €40,982 | €114,284 | €74,773 | €86,027 | ▲ 15.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,459 | €89,383 | €238,229 | €680,075 | €721,849 | ▲ 6.1% |
| Fixed assets21/28 | €18,406 | €11,647 | €56,268 | €377,526 | €419,626 | ▲ 11.2% |
| Tangible fixed assets22/27 | €18,406 | €11,647 | €56,268 | €377,526 | €419,626 | ▲ 11.2% |
| Land and buildings22 | - | - | - | €263,260 | €249,404 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €7,547 | €10,446 | €64,598 | €127,382 | ▲ 97.2% |
| Furniture and vehicles24 | - | €4,100 | €45,822 | €49,668 | €42,840 | ▼ 13.7% |
| Current assets29/58 | €12,053 | €77,736 | €181,961 | €302,549 | €302,223 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €6,630 | €21,389 | €65,676 | €209,075 | €203,153 | ▼ 2.8% |
| Trade receivables40 | - | €20,083 | €63,024 | €197,865 | €184,295 | ▼ 6.9% |
| Other amounts receivable41 | - | €1,306 | €2,652 | €11,210 | €18,858 | ▲ 68.2% |
| Cash at bank and in hand54/58 | €5,423 | €56,347 | €115,720 | €91,338 | €95,310 | ▲ 4.3% |
| Deferred charges and accrued income490/1 | - | - | €565 | €2,136 | €3,760 | ▲ 76.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,459 | €89,383 | €238,229 | €680,075 | €721,849 | ▲ 6.1% |
| Equity10/15 | €13,431 | €54,412 | €138,696 | €153,469 | €189,497 | ▲ 23.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€5,169 | €35,812 | €120,096 | €134,869 | €170,897 | ▲ 26.7% |
| Amounts payable17/49 | €17,028 | €34,971 | €99,533 | €526,606 | €532,352 | ▲ 1.1% |
| Amounts payable after more than one year17 | - | - | - | €294,454 | €277,266 | ▼ 5.8% |
| Financial debts170/4 | - | - | - | €294,454 | €277,266 | ▼ 5.8% |
| Amounts payable within one year42/48 | €17,028 | €34,971 | €99,533 | €232,152 | €255,086 | ▲ 9.9% |
| Trade debts44 | €13,228 | €18,732 | €26,179 | €114,769 | €118,958 | ▲ 3.6% |
| Suppliers440/4 | - | €18,732 | €26,179 | €114,769 | €118,958 | ▲ 3.6% |
| Advances received on contracts in progress46 | - | €2,330 | €2,330 | €2,330 | €2,330 | = |
| Taxes, remuneration and social security45 | - | €10,109 | €43,024 | €64,053 | €91,298 | ▲ 42.5% |
| Taxes450/3 | - | €8,109 | €41,883 | €63,572 | €88,226 | ▲ 38.8% |
| Remuneration and social security454/9 | - | €2,000 | €1,141 | €481 | €3,072 | ▲ 539% |
| Other amounts payable47/48 | - | €3,800 | €28,000 | €51,000 | €42,500 | ▼ 16.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,809 | €40,982 | €114,284 | €74,773 | €86,027 | ▲ 15.1% |
| + Depreciation and write-downs630 | €6,759 | €6,759 | €22,262 | €43,241 | €45,548 | ▲ 5.3% |
| Operating cash flow (approximation) | €20,568 | €47,741 | €136,546 | €118,014 | €131,575 | ▲ 11.5% |
| Investment in fixed assets (approximation) | - | €0 | -€66,883 | -€364,499 | -€87,648 | ▲ 76.0% |
| Change in cash | - | €50,924 | €59,373 | -€24,382 | €3,972 | ▲ 116% |
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
2026
07-07
State Gazette act
Capital & shares · Resignations & appointmentsShare transfer · Shareholding · Director in office11 facts ▸
State Gazette act
Capital & shares · Resignations & appointments
Share transfer · Shareholding · Director in office11 facts ▸
- General meeting, 01-04-2026
- Share transfer, ÖZCELIK MUSTAPHA → MAMADOU BAH
- Shareholding, 01-04-2026, 54
- Shareholding, 01-04-2026, 10
- Shareholding, 01-04-2026, 10
- Shareholding, 01-04-2026, 10
- Shareholding, 01-04-2026, 5
- Shareholding, 01-04-2026, 5
- Shareholding, 01-04-2026, 5
- Shareholding, 01-04-2026, 1
- Director in office, ÖZCELIK MUSTAPHA (director)
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
31-12
Financial
Equity above €150,000Eq €153,469 ▲10.7%
4 profitable years in a row build equity to €153,469.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2019net €114,284 ▲179%
Operating result €141,284, net result €114,284, both a record.
31-12
Financial
Equity above €100,000Eq €138,696 ▲155%
3 profitable years in a row build equity to €138,696.
20-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 112 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.22
Current ratio from 0.71 to 2.22.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 273 days late
2020
31-12
Financial
Back to profitnet €13,809
Net result €13,809 after one loss-making year.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2018
Ground area
106 m²
Building footprint
55 m²
Volume, LiDAR
786 m³
Parcel 21442A0001/00V004, Brussels · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
UNCLE RICHARD'S
since 20182.281.483.253
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0001/00V004 | Brussels | 106 m² | 1 · 55 m² | 16.4 m · 5 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.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 07-07-2026 ↗
- ÖZCELIK MUSTAPHA 54 shares
- OZCELIK AYLIN 10 shares
- MURRIHY DAVID 10 shares
- KAMANA NGABO JONATHAN 10 shares
- FOFANA HADY 5 shares
- AL ALL ALLAM 5 shares
- MAMADOU BAH 5 shares
- CENERA CALVO STEPHANIE 1 share
Share transfer
act of 07-07-2026 ↗
- ÖZCELIK MUSTAPHA to MAMADOU BAH 5 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.281.483.253
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 6,823 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
Founded31-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701938619
Also
9925:BE0701938619
Registered
07-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.