Equity
KEYRUS has made a profit without a break since 2018.
KEYRUS has made a profit without a break since 2018.
Green is investment, beige is depreciation.
In 2024, 21 people joined and 17 left.
2025 accounts not filed: deadline was 31-07-2026.
More equity than 89% of companies in computer programming and consultancy. Sector median €291,773 · 1,532 companies.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: 0.1% across 206 companies (NACE 62, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, medium-sized). It does better than 65% of them on solvency, 59% on liquidity, 48% on profitability and 40% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2024.
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).
In July 2024, 1,887 companies had the same profile as KEYRUS has now. Each dot stands for 5 companies, two years later.
That fits the bankruptcy probability of KEYRUS itself: 0.1% within 12 months.
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 1,887 companies, not a prediction for KEYRUS. 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.
Liquidity is ample, with a current ratio of 1.51 (1.43 in 2023), above the usual 1.5. Short-term debt is 47.3% and cash 13.6% of total assets. However, 50.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 48 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Shares in 1 company, Keyrus Management
Board & ownership| Company | ||||
|---|---|---|---|---|
| KEYRUS Grimbergen | €20.4m | 5.6% | 49.7% | 101.5 |
| CGI Belgium Machelen (Brab.) | €24.4m | 4.4% | 57.3% | 119 |
| SQLI Belgium Machelen (Brab.) | €23.2m | -0.4% | 22.3% | 78.2 |
| CENTRIC BELGIUM Oostkamp | €23.5m | 0.9% | 57.1% | 135.3 |
| we+ Hasselt | €17.6m | -10.8% | 22.1% | 95.7 |
| ESRI BELUX Grimbergen | €17.1m | 9.9% | 4.5% | 46.1 |
| Amexio Belgium Leuven | €13.6m | 1.3% | 54.5% | 91.7 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as KEYRUS: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €9.2m and €13m, founded between 1990 and 2002.
KEYRUS has existed since 1996. Turnover grew from €9.3m in 2006 to €20.4m in 2024 and staff from 52.1 to 101.5 full-time equivalents.
Solvency rose in 2024 from 42.4% to 49.7% because of the retained profit and lower debts.
Keyrus SA holds all the shares. In June 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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