Keystone Advisory
ActiveSummary
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).
Checked score
Score 2025
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
lowers risk · 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 →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.3%
Return on assets
61.2%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
25 d early
2024
27 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€75k▲ 243%
2024 · €22k
Total assets
€87k▲ 154%
2024 · €34k
Net result
€53k▲ 182%
2024 · €19k
Working capital
€70k▲ 221%
2024 · €22k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€24k-€71k▲ 195%
Net result€19k-€53k▲ 182%
Equity€22k-€75k▲ 243%
Total assets€34k-€87k▲ 154%
Debt€12k-€12k▼ 4.1%
Working capital€22k-€70k▲ 221%
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
Fixed assets
€5k
Current assets
€82k
Equity and liabilities €87k
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
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.
Annual accounts
| 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
Next filing, fiscal year 2026, expected by
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.
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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
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
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
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FLOWLYSIS
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 39,901 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.