Equity
€197,618 ▲ 59.8%
Equity rose in 2025 from €123,644 to €197,618.
KEYMAX
Lifetime
8 annual accounts with figures on one time axispeak €169,020 (2019)
€111,860▼ 30.7%
peak €113,070 (2024)
€73,974▼ 34.6%
peak €332,907 (2020)
€197,618▲ 59.8%
€28,012▼ 75.9%
Board1 name since 2021
1 directorCédric DEGELAEN
Documentsfilings and deeds
24-06-202637 days before the deadline
2025micro format
Gross margin from €161,506 to €111,860Result from €113,070 to €73,974Equity from €123,644 to €197,618Debts from €116,309 to €28,012
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 86% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%highest value
01-2025: < 0.1%▼ -0.1 percentage points vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 6.43, cash €150,530
Sector: Activities of head offices; management consultancy activities (NACE 70)
Equity €197,618 (87.6% of total assets)
Size: total assets €225,630
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 93% on liquidity, 84% on profitability and 83% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as KEYMAX has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KEYMAX itself is lower: < 0.1% within 12 months. It rests on far more data about KEYMAX than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for KEYMAX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.43 (1.61 in 2024), above the usual 1.5. Short-term debt is 12.4% and cash 66.7% of total assets. 12.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €197,618
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 24-06-2026, 37 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
37 days early
2024
36 days early
2023
39 days early
2022
40 days early
2021
44 days early
2020
40 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0684833658
Registered office moved from Auderghem to Genappe
New registered office: avenue du Taillis 14, 1470 Genappe · Previous registered office: rue Jean-Baptiste Vannypen 71, 1160 Auderghem · Reappointment: Cédric DEGELAEN (director) · General meeting of 06-09-2022 · Gazette deed
Incorporation
published on 24-11-2017 · Gazette deed
First establishment
KEYMAX SRL, Avenue du Taillis 14, Genappe
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KEYMAX Genappe | €225,630 | €111,860 | 87.6% | - |
| BeObjective Braine-l'Alleud | €217,386 | €103,947 | 9.4% | - |
| REALTIME CONSULTING La Hulpe | €209,897 | €105,057 | 42.2% | - |
| TopWin Nivelles | €235,233 | €114,069 | 8.8% | - |
| Ascendance Management Rixensart | €217,632 | €124,454 | 14.6% | - |
| MGCG Braine-l'Alleud | €188,747 | €104,752 | 80.6% | - |
| Colpeo Consulting Rixensart | €184,114 | €109,270 | 48.1% | - |
These companies have the same main activity as KEYMAX: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €184,000 and €235,000, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 20-11-2017Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.270.358.0461470 Genappe, since 20-11-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 14-12-2025
Annual accounts 2025
- ≈ €190,000estimated
- €225,630▼ 6.0%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on KEYMAX
KEYMAX files the micro format. That format states no turnover. The gross margin fell from €148,991 in 2018 to €111,860 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KEYMAX
- What is the company number of KEYMAX?
- The company number of KEYMAX is 0684.833.658. The VAT number is the same number with BE in front: BE 0684.833.658.
- Where is KEYMAX based?
- The registered office is at Avenue du Taillis 14, 1470 Genappe.Company details
- What does KEYMAX do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of KEYMAX?
- KEYMAX is a private limited company (BV).
- When was KEYMAX founded?
- KEYMAX was founded on 20-11-2017.
- Is KEYMAX still active?
- Yes, KEYMAX is an active enterprise in the KBO register.
- What is the turnover of KEYMAX?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €111,860 and 109 comparable companies (NACE 70200). It probably lies between €160,000 and €230,000.Financials
- Is KEYMAX profitable?
- In financial year 2025, KEYMAX made a profit of €73,974.
- Where can I find the annual accounts of KEYMAX?
- KEYMAX filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KEYMAX due?
- KEYMAX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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