KEYSIDE
ActiveSummary
KEYSIDE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115,902 and a net result of €80,239. Its solvency ranks better than 89% of 17,119 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-10-2024 Normal situation
- Activity
- Development of residential building projects NACE 68121and 5 others
- Establishment unit
- 2.365.209.792 3090 Overijse, since 10-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Board and ownership
- NÉLIS Nicolas Christian François MarieDirector · since 01-10-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €104,473
- ▲ 154%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €80,239
- ▲ 146%
- Equity
- €115,902
- ▲ 225%
- Total assets
- €135,087
- ▲ 137%
Score breakdownraises riskFounded in 2024lowers riskLiquidity: current ratio 4.75, cash €53,903Sector: Real estate activities (NACE 68)Equity €115,902 (85.8% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 91% of them on solvency, 95% on liquidity, 95% on profitability and 96% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 38 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 05-06-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 154% higher than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,047 | €43,754 |
| Depreciation and write-downs of the year | €75 | €467 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as KEYSIDE: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €121,000 and €164,000, founded between 2024 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| KEYSIDE Overijse | 2024 | €135,087 | €115,902 | €104,473 | €80,239 | 2025 |
| Vandermeeren Algemene Bouwwerken Herent | 2025 | €132,679 | €83,602 | €127,581 | €75,602 | 2025 |
| Novio Construct Herent | 2024 | €164,132 | €62,317 | €79,986 | €59,317 | 2025 |
| Focquet Construct Mortsel | 2024 | €123,075 | €66,126 | €104,663 | €66,026 | 2025 |
| De Roo Real Estate Consulting Antwerpen | 2025 | €126,910 | €93,474 | €120,754 | €90,474 | 2025 |
| Ferm Vastgoed Lichtervelde | 2024 | €129,470 | €96,007 | €71,234 | €56,112 | 2025 |
| Casaliva Destelbergen | 2024 | €120,895 | €108,059 | €89,230 | €63,299 | 2025 |
They were chosen from the 7,757 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as KEYSIDE has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of KEYSIDE itself is lower: 0.1% within 12 months. It rests on far more data about KEYSIDE than the profile alone.
Test of the method
The method was tested on the 497,445 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 39,278 companies, not a prediction for KEYSIDE. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75 | €467 | ▲ 523% |
| Gross operating margin9900 | €41,065 | €104,473 | ▲ 154% |
| Operating profit (loss)9901 | €40,990 | €104,006 | ▲ 154% |
| Financial charges65/66B | - | €22 | - |
| Recurring financial charges65 | - | €22 | - |
| Profit (loss) for the period before taxes9903 | €40,990 | €103,984 | ▲ 154% |
| Income taxes67/77 | €8,327 | €23,745 | ▲ 185% |
| Profit (loss) for the period9904 | €32,663 | €80,239 | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | €32,663 | €80,239 | ▲ 146% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €57,007 | €135,087 | ▲ 137% |
| Fixed assets21/28 | €972 | €44,260 | ▲ 46× |
| Tangible fixed assets22/27 | €972 | €44,260 | ▲ 46× |
| Furniture and vehicles24 | €972 | €44,260 | ▲ 46× |
| Current assets29/58 | €56,035 | €90,827 | ▲ 62.1% |
| Amounts receivable within one year40/41 | €23,534 | €36,238 | ▲ 54.0% |
| Trade receivables40 | €22,176 | €34,483 | ▲ 55.5% |
| Other amounts receivable41 | €1,358 | €1,755 | ▲ 29.3% |
| Cash at bank and in hand54/58 | €31,976 | €53,903 | ▲ 68.6% |
| Deferred charges and accrued income490/1 | €524 | €686 | ▲ 30.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €57,007 | €135,087 | ▲ 137% |
| Equity10/15 | €35,663 | €115,902 | ▲ 225% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €32,663 | €112,902 | ▲ 246% |
| Amounts payable17/49 | €21,344 | €19,185 | ▼ 10.1% |
| Amounts payable within one year42/48 | €19,499 | €19,138 | ▼ 1.9% |
| Trade debts44 | €704 | €11,544 | ▲ 16× |
| Suppliers440/4 | €704 | €11,544 | ▲ 16× |
| Taxes, remuneration and social security45 | €10,024 | €2,547 | ▼ 74.6% |
| Taxes450/3 | €10,024 | €2,547 | ▼ 74.6% |
| Other amounts payable47/48 | €8,771 | €5,047 | ▼ 42.5% |
| Accrued charges and deferred income492/3 | €1,845 | €47 | ▼ 97.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €32,663 | €80,239 | ▲ 146% |
| + Depreciation and write-downs630 | €75 | €467 | ▲ 523% |
| Operating cash flow (approximation) | €32,738 | €80,706 | ▲ 147% |
| Investment in fixed assets (approximation) | - | -€43,754 | - |
| Change in cash | - | €21,927 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- NÉLIS Nicolas Christian François Marie 1,000 shares (100%)
Capital transactions
- 14-10-2024 Incorporation · €3,000 · 1,000 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bij openvallende plaats vóór einde mandaat in collegiaal orgaan recht overige bestuurders te coöpteren, eerstvolgende algemene vergadering…”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Blijken uit geschrift, bestuursorgaan kan erkennen en inschrijven als uit stukken bewijs toestemming overdrager en overnemer blijkt”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 14-10-2024 (in Dutch)
Network & group
KEYSIDE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of KEYSIDE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-10
Gazette deed
IncorporationStarting capital €3,000 · Appointment: NÉLIS Nicolas Christian François Marie (director) · Founder6 points ▸
- Incorporation, “KEYSIDE” (deed in Dutch)
- Founder, NÉLIS Nicolas Christian François Marie (sole founder)
- Founding capital, €3,000
- Director appointment, NÉLIS Nicolas Christian François Marie (director)
- Other provision, “centraal register bestuursverboden, geen veroordeling door rechterlijke instantie EER-lidstaat voor verbod artikel 6” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle handelingen,verrichtingen en factureringen namens vennootschap in oprichting door hemzelf of aangestelden” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
14 activities
- Vastgoedontwikkeling;
- Vastgoedadvies,bouw,ontwerpbureaus;
- Vastgoedprojectbeheer en adviesbureau;
- Vastgoedontwikkeling,vastgoedbeleggingen,vastgoedexploitatie;
- Interieurontwerp en decoratie,
- Marketing van onroerend goed;
- Kopen,verkopen,verhuren en bouwen/renoveren van onroerend goed;
- Elke bijdrage aan de oprichting en ontwikkeling van ondernemingen,ondernemingen,organisaties of instellingen,en in het bijzonder om technisch,commercieel of commercieel of administratief advies in de ruimste zin van het woord,het verlenen van bijstand te verlenen en diensten te verlenen die rechtstreeks of onrechtstreeks verband houden met de administratie op het gebied van administratie en financiën,verkoop,productie,organisatietechnieken en commerciële organisatie en distributie,en alle diensten met betrekking tot de dagelijkse werkzaamheden van kleine en grote detailhandelaren en meer in het algemeen management in het algemeen en het verrichten van alle dienstverlenende en managementactiviteiten,mareketingactiviteiten en publieke relaties,in de ruimste zin van het woord,alle opdrachten in de vorm van studies uit te voeren,technische of andere adviezen op elk gebied dat onder haar voorwerp;
- De organisatie en promotie van alle sociaal-culturele evenementen,het ontwerp en de uitvoering van communicatie- en/of marketingcampagnes;
- Organisatie en promotie van alle soorten evenementen,seminaries,colloquia,beurzen,salons,huwelijken,concerten,spektakels,reünies,meetings,incentives,team building evenementen,marketingdiensten,marktonderzoek,logistiek centrum,en het beheer van promotiecampagnes voor de distributie en bedrijven,onder meer door middel van telecommunicatie telecommunicatie,managementadvies en -opleiding,verkoop en marketing;
- Kopen,verkopen,importeren,exporteren,distribueren,marketing,leveren en verpakken van alle voedingsmiddelen en non-food producten;
- Commerciële tussenpersoon in alle sectoren waarvan de activiteit momenteel niet momenteel gereguleerd;
- Alle activiteiten met betrekking tot vermogensbeheer in de breedste zin van het woord,met inbegrip van vastgoedbeheer (effectenportefeuilles,aandelen,enz.) en vastgoedbeheer,zelf of via een andere natuurlijke of rechtspersoon,zoals kopen,verkopen,verhuren,bouwen,herstellen,ontwikkelen en ruilen,
- Het verwerven van deelnemingen in andere vennootschappen of ondernemingen,beheer als bestuurder of anderszins,de liquidatie van vennootschappen of ondernemingen,het vinden,verwerven,houden,beheren en overdragen van roerende of onroerende,materiële of immateriële activa;
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1014.921.292
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23062B0386/00A015 | Flanders | 702 m² | 1 · 147 m² | 10.9 m · 3 |