Keystone Advisory

Active

Private limited companyfounded 20242 yrs activeAvenue des Renoncules 6, 1300 Wavre, BelgiumKBO/BCE: BE 1012.787.886

Summary

Keystone Advisory has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €53k. Its solvency ranks better than 84% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysis Watch Report Compare

Keystone AdvisoryActiveChecked score 84/100

Risk analysis Report Compare

Checked score

Score 2025

84 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency100▲+11

Growth78

Track record82

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days only on tighter terms

Liquidity ample (current ratio 6.89 against 2.76 in 2024; short-term debt: 13.7% and cash: 3% of total assets), and 13.7% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Activities of head offices; management consultancy activities (NACE 70)

about 69% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

86.3%

Return on assets

61.2%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

25 d early

2024

27 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€75k▲ 243%

2024 · €22k

2024: €22k 2025: €75k▲ +243% vs 2024

2024 → 2025

Total assets

€87k▲ 154%

2024 · €34k

2024: €34k 2025: €87k▲ +154% vs 2024

2024 → 2025

Net result

€53k▲ 182%

2024 · €19k

2024: €19k 2025: €53k▲ +182% vs 2024

2024 → 2025

Working capital

€70k▲ 221%

2024 · €22k

2024: €22k 2025: €70k▲ +221% vs 2024

2024 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€22k-€75k▲ 243% 2024: €22k 2025: €75k▲ +243% vs 2024

Operating result€24k-€71k▲ 195% 2024: €24k 2025: €71k▲ +195% vs 2024

Net result€19k-€53k▲ 182% 2024: €19k 2025: €53k▲ +182% vs 2024

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 195% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €87k

94.5%

Fixed assets €5k

Current assets €82k

Equity and liabilities €87k

86.3%

13.7%

Equity €75k ▲ 243%

Debt €12k ▼ 4.1%

Debt's share of the balance-sheet total falls from 36.3% to 13.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€72k

Cash flow

€54k

Current ratio

6.89▲

2024 · 2.76

Quick ratio

5.91▲

2024 · 2.76

Debt to equity

0.16▼

2024 · 0.57

ROE

70.9%▼

2024 · 86.2%

ROA

61.2%▲

2024 · 54.9%

Interest coverage

31.39

Debt ≤ 1 year

€12k▼

2024 · €12k

Income taxes

€16k▲

2024 · €6k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Balance sheet Code20242025

Assets

Total assets20/58€34k€87k▲

Fixed assets21/28-€5k

Tangible fixed assets22/27-€5k

Furniture and vehicles24-€5k

Current assets29/58€34k€82k▲

Stocks and contracts in progress3-€12k

Stocks30/36-€12k

Amounts receivable within one year40/41€23k€23k▼

Trade receivables40€21k€23k▲

Other amounts receivable41€3k-

Current investments50/53€5k€45k▲

Cash at bank and in hand54/58€6k€3k▼

Deferred charges and accrued income490/1€18-

Equity and liabilities

Total equity and liabilities10/49€34k€87k▲

Equity10/15€22k€75k▲

Contributions10/11€3k€3k=

Profit (loss) carried forward14€19k€72k▲

Amounts payable17/49€12k€12k▼

Amounts payable within one year42/48€12k€12k▼

Trade debts44€396€362▼

Suppliers440/4€396€362▼

Taxes, remuneration and social security45€12k€8k▼

Taxes450/3€12k€8k▼

Other amounts payable47/48-€4k

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€548

Other operating charges640/8-€795

Gross operating margin9900€24k€72k▲

Operating profit (loss)9901€24k€71k▲

Financial income75/76B€364€159▼

Recurring financial income75€364€159▼

Financial charges65/66B€29€2k▲

Recurring financial charges65€29€2k▲

Profit (loss) for the period before taxes9903€24k€69k▲

Income taxes67/77€6k€16k▲

Profit (loss) for the period9904€19k€53k▲

Profit (loss) for the period to be appropriated9905€19k€53k▲

Appropriation of the result

Profit (loss) to be appropriated9906€19k€72k▲

Profit (loss) brought forward from the previous period14P-€19k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	-	€548	-
Other operating charges640/8	-	€795	-
Gross operating margin9900	€24k	€72k	▲ 200%
Operating profit (loss)9901	€24k	€71k	▲ 195%
Financial income75/76B	€364	€159	▼ 56.3%
Recurring financial income75	€364	€159	▼ 56.3%
Financial charges65/66B	€29	€2k	▲ 7,657%
Recurring financial charges65	€29	€2k	▲ 7,657%
Profit (loss) for the period before taxes9903	€24k	€69k	▲ 182%
Income taxes67/77	€6k	€16k	▲ 180%
Profit (loss) for the period9904	€19k	€53k	▲ 182%
Profit (loss) for the period to be appropriated9905	€19k	€53k	▲ 182%

Line	2024	2025	Change
Assets
Total assets20/58	€34k	€87k	▲ 154%
Fixed assets21/28	-	€5k	-
Tangible fixed assets22/27	-	€5k	-
Furniture and vehicles24	-	€5k	-
Current assets29/58	€34k	€82k	▲ 140%
Stocks and contracts in progress3	-	€12k	-
Stocks30/36	-	€12k	-
Amounts receivable within one year40/41	€23k	€23k	▼ 1.8%
Trade receivables40	€21k	€23k	▲ 10.4%
Other amounts receivable41	€3k	-	-
Current investments50/53	€5k	€45k	▲ 802%
Cash at bank and in hand54/58	€6k	€3k	▼ 57.7%
Deferred charges and accrued income490/1	€18	-	-
Equity and liabilities
Total equity and liabilities10/49	€34k	€87k	▲ 154%
Equity10/15	€22k	€75k	▲ 243%
Contributions10/11	€3k	€3k	=
Profit (loss) carried forward14	€19k	€72k	▲ 282%
Amounts payable17/49	€12k	€12k	▼ 4.1%
Amounts payable within one year42/48	€12k	€12k	▼ 4.1%
Trade debts44	€396	€362	▼ 8.6%
Suppliers440/4	€396	€362	▼ 8.6%
Taxes, remuneration and social security45	€12k	€8k	▼ 34.0%
Taxes450/3	€12k	€8k	▼ 34.0%
Other amounts payable47/48	-	€4k	-

Line	2024	2025	Change
Profit (loss) for the period9904	€19k	€53k	▲ 182%
+ Depreciation and write-downs630	-	€548	-
Operating cash flow (approximation)	€19k	€54k	▲ 185%
Change in cash	-	€-4k	-

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

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

06-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Liquidity doublescurrent ratio 6.89

Current ratio from 2.76 to 6.89; short-term debt falls from €12k to €12k.

04-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is 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, Wavre · 1 establishment unit since 2024

seat establishment The establishment unit on the map

Ground area

1,998 m²

Building footprint

339 m²

Parcel 25055A0389/00D003, Wallonia. Linked by address, not a title deed.

1 establishment unit

Avenue des Renoncules 6, 1300 Wavre

Activities of head offices; management consultancy activities

since 20242.363.748.359

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25055A0389/00D003	Wallonia	1,998 m²	1 · 339 m²	-

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.

Recognitions · licences · registrations

Legal Entity Identifier

2549000XXEKZEC10IM96

live in the LEI register

Similar companies · same sector, comparable size

Schaarbeek · Eq €74,793

Vorselaar · Eq €74,789

FLOWLYSIS

BE 0668.888.046

Chaumont-Gistoux · Eq €74,787

Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,909 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

Founded26-08-2024

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

Scores and ratios are computed by Checked and are not a credit decision.