KEYSTONE SOLUTIONS
ActiveSummary
KEYSTONE SOLUTIONS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €409k and a net result of €5k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 1546 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-37
Solvency46▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.16 in 2023; short-term debt: 79.4% and cash: 7.6% of total assets), and 79.5% 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
58 d late
2022
91 d late
2021
99 d late
2020
114 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▼ 97.3%
2023 · €173k
2018: €66k
2019: €81k▲ +22.7% vs 2018
2020: €133k▲ +63.7% vs 2019
2021: €5k▼ -96.4% vs 2020
2022: €15k▲ +210% vs 2021
2023: €173k▲ +1059% vs 2022highest in 7 years
2024: €5k▼ -97.3% vs 2023lowest in 7 years
2018 → 2024
Working capital
€285k▼ 6.1%
2023 · €303k
2018: €106k
2019: €130k▲ +21.9% vs 2018
2020: €92k▼ -29.2% vs 2019
2021: €47k▼ -48.3% vs 2020lowest in 7 years
2022: €174k▲ +267% vs 2021
2023: €303k▲ +74.0% vs 2022highest in 7 years
2024: €285k▼ -6.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€254k-€216k▼ 14.9%€231k▲ 6.9%€405k▲ 75.0%€409k▲ 1.2%
2020: €254k
2021: €216k▼ -14.9% vs 2020lowest in 5 years
2022: €231k▲ +6.9% vs 2021
2023: €405k▲ +75.0% vs 2022
2024: €409k▲ +1.2% vs 2023highest in 5 years
Operating result€268k-€71k▼ 73.4%€220k▲ 210%€380k▲ 72.4%€141k▼ 63.0%
2020: €268k
2021: €71k▼ -73.4% vs 2020lowest in 5 years
2022: €220k▲ +210% vs 2021
2023: €380k▲ +72.4% vs 2022highest in 5 years
2024: €141k▼ -63.0% vs 2023
Net result€133k-€5k▼ 96.4%€15k▲ 210%€173k▲ 1,059%€5k▼ 97.3%
2020: €133k
2021: €5k▼ -96.4% vs 2020
2022: €15k▲ +210% vs 2021
2023: €173k▲ +1059% vs 2022highest in 5 years
2024: €5k▼ -97.3% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 63% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.00M
Fixed assets
€126k ▲ 20.3%
Current assets
€1.87M ▼ 16.7%
Equity and liabilities €2.00M
Equity
€409k ▲ 1.2%
Debt
€1.59M ▼ 18.4%
Debt's share of the balance-sheet total falls from 82.8% to 79.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€164k▼
2023 · €401k
Cash flow
€28k▼
2023 · €195k
Current ratio
1.18▲
2023 · 1.16
Debt to equity
3.88▼
2023 · 4.81
ROE
1.1%▼
2023 · 42.8%
ROA
0.2%▼
2023 · 7.4%
Interest coverage
2.68▼
2023 · 8.72
Debt ≤ 1 year
€1.59M▼
2023 · €1.94M
Debt > 1 year
€2k▼
2023 · €3k
Income taxes
€75k▼
2023 · €164k
Staff costs
€3.10M▼
2023 · €3.54M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.35M€2.00M▼
Fixed assets21/28€105k€126k▲
Tangible fixed assets22/27€70k€81k▲
Furniture and vehicles24€26k€46k▲
Other tangible fixed assets26€43k€35k▼
Financial fixed assets28€35k€45k▲
Current assets29/58€2.25M€1.87M▼
Amounts receivable within one year40/41€2.01M€1.61M▼
Trade receivables40€1.43M€975k▼
Other amounts receivable41€586k€639k▲
Cash at bank and in hand54/58€201k€152k▼
Deferred charges and accrued income490/1€30k€104k▲
Equity and liabilities
Total equity and liabilities10/49€2.35M€2.00M▼
Equity10/15€405k€409k▲
Contributions10/11€20k€19k▼
Outside capital11€20k€19k▼
Other1109/19€20k€19k▼
Reserves13€5k€7k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132€5k€5k=
Profit (loss) carried forward14€380k€384k▲
Amounts payable17/49€1.95M€1.59M▼
Amounts payable after more than one year17€3k€2k▼
Financial debts170/4€3k€2k▼
Amounts payable within one year42/48€1.94M€1.59M▼
Current portion of amounts payable after more than one year42€27k€2k▼
Financial debts43€666k€550k▼
Credit institutions430/8€666k€550k▼
Trade debts44€433k€405k▼
Suppliers440/4€433k€405k▼
Taxes, remuneration and social security45€656k€493k▼
Taxes450/3€294k€210k▼
Remuneration and social security454/9€362k€284k▼
Other amounts payable47/48€160k€135k▼
Accrued charges and deferred income492/3€138-
Income statement
Code20232024
Non-recurring operating income76A€451-
Remuneration, social security and pensions62€3.54M€3.10M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€24k▲
Other operating charges640/8€60k€52k▼
Non-recurring operating charges66A€9k-
Gross operating margin9900€4.01M€3.32M▼
Operating profit (loss)9901€380k€141k▼
Financial income75/76B€4k-
Recurring financial income75€4k-
Financial charges65/66B€46k€61k▲
Recurring financial charges65€46k€61k▲
Profit (loss) for the period before taxes9903€338k€79k▼
Income taxes67/77€164k€75k▼
Profit (loss) for the period9904€173k€5k▼
Profit (loss) for the period to be appropriated9905€173k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€380k€384k▲
Profit (loss) brought forward from the previous period14P€206k€380k▲
Social balance
Average headcount (FTE)908745.840.7▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7k | €451 | - | - |
| Remuneration, social security and pensions62 | - | €2.90M | €3.16M | €3.54M | €3.10M | ▼ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €24k | €22k | €22k | €24k | ▲ 9.6% |
| Other operating charges640/8 | - | €21k | €50k | €60k | €52k | ▼ 12.6% |
| Non-recurring operating charges66A | - | €2k | €114k | €9k | - | - |
| Gross operating margin9900 | €2.57M | €3.02M | €3.56M | €4.01M | €3.32M | ▼ 17.3% |
| Operating profit (loss)9901 | €268k | €71k | €220k | €380k | €141k | ▼ 63.0% |
| Financial income75/76B | - | €5k | €2k | €4k | - | - |
| Recurring financial income75 | €17k | €5k | €2k | €4k | - | - |
| Financial charges65/66B | - | €31k | €34k | €46k | €61k | ▲ 33.4% |
| Recurring financial charges65 | €46k | €31k | €34k | €46k | €61k | ▲ 33.4% |
| Profit (loss) for the period before taxes9903 | €238k | €46k | €188k | €338k | €79k | ▼ 76.5% |
| Income taxes67/77 | €106k | €41k | €173k | €164k | €75k | ▼ 54.6% |
| Profit (loss) for the period9904 | €133k | €5k | €15k | €173k | €5k | ▼ 97.3% |
| Profit (loss) for the period to be appropriated9905 | €133k | €5k | €15k | €173k | €5k | ▼ 97.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.21M | €2.10M | €1.95M | €2.35M | €2.00M | ▼ 15.1% |
| Fixed assets21/28 | €194k | €190k | €93k | €105k | €126k | ▲ 20.3% |
| Tangible fixed assets22/27 | €92k | €88k | €69k | €70k | €81k | ▲ 16.2% |
| Furniture and vehicles24 | - | €29k | €18k | €26k | €46k | ▲ 72.9% |
| Other tangible fixed assets26 | - | €59k | €51k | €43k | €35k | ▼ 18.5% |
| Financial fixed assets28 | €102k | €102k | €24k | €35k | €45k | ▲ 28.2% |
| Current assets29/58 | €1.02M | €1.91M | €1.86M | €2.25M | €1.87M | ▼ 16.7% |
| Amounts receivable within one year40/41 | €697k | €1.45M | €1.32M | €2.01M | €1.61M | ▼ 19.9% |
| Trade receivables40 | - | €1.32M | €997k | €1.43M | €975k | ▼ 31.8% |
| Other amounts receivable41 | - | €130k | €328k | €586k | €639k | ▲ 9.1% |
| Cash at bank and in hand54/58 | €138k | €257k | €487k | €201k | €152k | ▼ 24.3% |
| Deferred charges and accrued income490/1 | - | €209k | €49k | €30k | €104k | ▲ 246% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.21M | €2.10M | €1.95M | €2.35M | €2.00M | ▼ 15.1% |
| Equity10/15 | €254k | €216k | €231k | €405k | €409k | ▲ 1.2% |
| Contributions10/11 | €19k | €20k | €20k | €20k | €19k | ▼ 9.1% |
| Outside capital11 | - | €20k | €20k | €20k | €19k | ▼ 9.1% |
| Other1109/19 | - | €20k | €20k | €20k | €19k | ▼ 9.1% |
| Reserves13 | €7k | €5k | €5k | €5k | €7k | ▲ 39.6% |
| Non-distributable reserves130/1 | - | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | - | €2k | - |
| Tax-exempt reserves132 | - | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €229k | €191k | €206k | €380k | €384k | ▲ 1.2% |
| Amounts payable17/49 | €959k | €1.89M | €1.72M | €1.95M | €1.59M | ▼ 18.4% |
| Amounts payable after more than one year17 | €31k | €21k | €35k | €3k | €2k | ▼ 53.1% |
| Financial debts170/4 | - | €21k | €35k | €3k | €2k | ▼ 53.1% |
| Amounts payable within one year42/48 | €928k | €1.87M | €1.69M | €1.94M | €1.59M | ▼ 18.4% |
| Current portion of amounts payable after more than one year42 | - | €250k | €100k | €27k | €2k | ▼ 93.9% |
| Financial debts43 | - | €381k | €481k | €666k | €550k | ▼ 17.4% |
| Credit institutions430/8 | - | €381k | €481k | €666k | €550k | ▼ 17.4% |
| Trade debts44 | €333k | €613k | €438k | €433k | €405k | ▼ 6.5% |
| Suppliers440/4 | - | €613k | €438k | €433k | €405k | ▼ 6.5% |
| Taxes, remuneration and social security45 | - | €422k | €527k | €656k | €493k | ▼ 24.7% |
| Taxes450/3 | - | €45k | €187k | €294k | €210k | ▼ 28.5% |
| Remuneration and social security454/9 | - | €377k | €340k | €362k | €284k | ▼ 21.7% |
| Other amounts payable47/48 | - | €200k | €140k | €160k | €135k | ▼ 15.6% |
| Accrued charges and deferred income492/3 | - | €35 | - | €138 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €133k | €5k | €15k | €173k | €5k | ▼ 97.3% |
| + Depreciation and write-downs630 | €13k | €24k | €22k | €22k | €24k | ▲ 9.6% |
| Operating cash flow (approximation) | €146k | €29k | €37k | €195k | €28k | ▼ 85.4% |
| Investment in fixed assets (approximation) | - | €-20k | €75k | €-34k | €-45k | ▼ 32.0% |
| Change in cash | - | €119k | €231k | €-287k | €-49k | ▲ 83.0% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €5k ▼97.3%
Net result drops to €5k, the lowest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
31-12
Financial
Highest result since 2018net €173k ▲1,059%
Operating result €380k, net result €173k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 91 days late
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 99 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 114 days late
2020
31-12
Financial
Equity above €200kEq €254k ▲109%
3 profitable years in a row build equity to €254k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Sint-Joost-ten-Node · 2 establishment units since 2014
Ground area
2,894 m²
Building footprint
751 m²
Volume, LiDAR
18,227 m³
2 parcels, Brussels, Flanders · tallest building 41.7 m, ±13 floors. Linked by address, not a title deed.
2 establishment units
KEYSTONE SOLUTIONS
since 20142.238.845.914
Kunstlaan 10-11, 1210 Sint-Joost-ten-Node
since 20182.272.700.595
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24026D0200/00W002 | Flanders | 2,074 m² | 1 · 288 m² | 9.8 m · 2 fl. |
| 21572B0360/00X004 | Brussels | 820 m² | 1 · 463 m² | 41.7 m · 13 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 12,766 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
Founded22-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Contact
Website
www.keystone-solutions.be
E-mail
info@keystone-solutions.be
Phone
+3228953814
E-mail
info@kestone-solutions.beKortenberg
Phone
0477979022Kortenberg
Scores and ratios are computed by Checked and are not a credit decision.