Keystone Technologies
ActiveSummary
The 2025 annual accounts show equity of €73,054 and a net result of €48. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 17179 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-13
Solvency87▲+4
Growth52▼-26
Track record-
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
14 d early
2024
22 d early
2023
5 d early
2022
8 d late
2021
30 d late
2020
15 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€73,054▲ 0.1%
2024 · €73,007
Total assets
€118,082▼ 6.9%
2024 · €126,776
Net result
€48▼ 99.4%
2024 · €7,810
Working capital
€45,666▼ 3.0%
2024 · €47,063
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,360▼ 6.5%-€1,278€19,610€19,355▼ 1.3%€7,967▼ 58.8%
Net result€14,089within the sector's middle half▼ 16.7%-€7,468below the sector's middle half€8,410within the sector's middle half€7,810within the sector's middle half▼ 7.1%€48below the sector's middle half▼ 99.4%
Equity€78,857within the sector's middle half▲ 18.8%€71,389within the sector's middle half▼ 9.5%€65,197within the sector's middle half▼ 8.7%€73,007within the sector's middle half▲ 12.0%€73,054within the sector's middle half▲ 0.1%
Total assets€150,209within the sector's middle half▲ 41.6%€109,552within the sector's middle half▼ 27.1%€114,502within the sector's middle half▲ 4.5%€126,776within the sector's middle half▲ 10.7%€118,082within the sector's middle half▼ 6.9%
Debt€71,352▲ 79.6%€38,162▼ 46.5%€49,305▲ 29.2%€53,770▲ 9.1%€45,028▼ 16.3%
Working capital€73,878▲ 54.0%€71,243▼ 3.6%€58,887▼ 17.3%€47,063▼ 20.1%€45,666▼ 3.0%
Solvency52.5%within the sector's middle half▼ 10.1pp65.2%within the sector's middle half▲ 12.7pp56.9%within the sector's middle half▼ 8.2pp57.6%within the sector's middle half▲ 0.6pp61.9%within the sector's middle half▲ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,082
Fixed assets
€28,389 ▲ 1.6%
Current assets
€89,694 ▼ 9.2%
Equity and liabilities €118,082
Equity
€73,054 ▲ 0.1%
Debt
€45,028 ▼ 16.3%
Debt's share of the balance-sheet total falls from 42.4% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,860▼
2024 · €26,016
Cash flow
€11,940▼
2024 · €14,472
Current ratio
2.04▲
2024 · 1.91
Quick ratio
1.51▲
2024 · 0.91
Debt to equity
0.62▼
2024 · 0.74
ROE
0.1%▼
2024 · 10.7%
ROA
0.0%▼
2024 · 6.2%
Interest coverage
5.25▼
2024 · 6.77
Debt ≤ 1 year
€44,028▼
2024 · €51,770
Income taxes
€4,285▼
2024 · €7,817
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,698 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,999 | €2,375 | €1,335 | €6,662 | €11,893 | ▲ 78.5% |
| Other operating charges640/8 | €1,881 | €10,785 | €1,877 | €1,749 | €1,739 | ▼ 0.6% |
| Gross operating margin9900 | €42,240 | €11,882 | €22,821 | €27,765 | €21,599 | ▼ 22.2% |
| Operating profit (loss)9901 | €25,360 | -€1,278 | €19,610 | €19,355 | €7,967 | ▼ 58.8% |
| Financial income75/76B | €468 | €468 | €469 | €117 | €147 | ▲ 25.5% |
| Recurring financial income75 | €468 | €468 | €469 | €117 | €147 | ▲ 25.5% |
| Financial charges65/66B | €3,577 | €3,243 | €4,113 | €3,845 | €3,782 | ▼ 1.6% |
| Recurring financial charges65 | €3,577 | €3,243 | €4,113 | €3,845 | €3,782 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €22,251 | -€4,053 | €15,966 | €15,627 | €4,333 | ▼ 72.3% |
| Income taxes67/77 | €8,162 | €3,415 | €7,556 | €7,817 | €4,285 | ▼ 45.2% |
| Profit (loss) for the period9904 | €14,089 | -€7,468 | €8,410 | €7,810 | €48 | ▼ 99.4% |
| Profit (loss) for the period to be appropriated9905 | €14,089 | -€7,468 | €8,410 | €7,810 | €48 | ▼ 99.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150,209 | €109,552 | €114,502 | €126,776 | €118,082 | ▼ 6.9% |
| Fixed assets21/28 | €6,979 | €2,146 | €8,310 | €27,944 | €28,389 | ▲ 1.6% |
| Intangible fixed assets21 | €92 | €0 | - | - | €7,164 | - |
| Tangible fixed assets22/27 | €6,887 | €2,146 | €8,310 | €27,944 | €21,225 | ▼ 24.0% |
| Plant, machinery and equipment23 | €1,900 | €879 | €387 | €15,921 | €13,926 | ▼ 12.5% |
| Furniture and vehicles24 | €3,515 | €114 | €7,088 | €11,506 | €7,100 | ▼ 38.3% |
| Other tangible fixed assets26 | €1,471 | €1,153 | €835 | €517 | €199 | ▼ 61.4% |
| Current assets29/58 | €143,230 | €107,406 | €106,192 | €98,832 | €89,694 | ▼ 9.2% |
| Amounts receivable after more than one year29 | €19,500 | €19,500 | €0 | - | - | - |
| Other amounts receivable291 | €19,500 | €19,500 | €0 | - | - | - |
| Stocks and contracts in progress3 | €47,845 | €44,096 | €44,708 | €51,830 | €23,057 | ▼ 55.5% |
| Contracts in progress37 | €47,845 | €44,096 | €44,708 | €51,830 | €23,057 | ▼ 55.5% |
| Amounts receivable within one year40/41 | €65,877 | €38,393 | €41,212 | €40,580 | €65,088 | ▲ 60.4% |
| Trade receivables40 | €64,039 | €29,970 | €12,683 | €35,874 | €50,585 | ▲ 41.0% |
| Other amounts receivable41 | €1,838 | €8,423 | €28,529 | €4,706 | €14,503 | ▲ 208% |
| Cash at bank and in hand54/58 | €9,025 | €4,272 | €20,182 | €348 | €1,450 | ▲ 316% |
| Deferred charges and accrued income490/1 | €982 | €1,145 | €91 | €6,074 | €99 | ▼ 98.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150,209 | €109,552 | €114,502 | €126,776 | €118,082 | ▼ 6.9% |
| Equity10/15 | €78,857 | €71,389 | €65,197 | €73,007 | €73,054 | ▲ 0.1% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €60,307 | €52,839 | €46,647 | €54,457 | €54,504 | ▲ 0.1% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €0 | - | - | - |
| Distributable reserves133 | €58,452 | €50,984 | €46,647 | €54,457 | €54,504 | ▲ 0.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €71,352 | €38,162 | €49,305 | €53,770 | €45,028 | ▼ 16.3% |
| Amounts payable within one year42/48 | €69,352 | €36,162 | €47,305 | €51,770 | €44,028 | ▼ 15.0% |
| Current portion of amounts payable after more than one year42 | €3,360 | €3,364 | €3,428 | €23,673 | €22,621 | ▼ 4.4% |
| Financial debts43 | €30,000 | €8,037 | €0 | €9,548 | €4,622 | ▼ 51.6% |
| Credit institutions430/8 | €30,000 | €8,037 | €0 | €9,548 | €4,622 | ▼ 51.6% |
| Trade debts44 | €11,206 | €7,479 | €11,240 | €10,732 | €2,683 | ▼ 75.0% |
| Suppliers440/4 | €11,206 | €7,479 | €11,240 | €10,732 | €2,683 | ▼ 75.0% |
| Taxes, remuneration and social security45 | €12,835 | €5,749 | €11,782 | €6,632 | €14,104 | ▲ 113% |
| Taxes450/3 | €12,835 | €4,011 | €11,782 | €6,632 | €14,104 | ▲ 113% |
| Remuneration and social security454/9 | - | €1,738 | €0 | - | - | - |
| Other amounts payable47/48 | €11,950 | €11,533 | €20,855 | €1,185 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €2,000 | €2,000 | €2,000 | €2,000 | €1,000 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,089 | -€7,468 | €8,410 | €7,810 | €48 | ▼ 99.4% |
| + Depreciation and write-downs630 | €14,999 | €2,375 | €1,335 | €6,662 | €11,893 | ▲ 78.5% |
| Operating cash flow (approximation) | €29,088 | -€5,093 | €9,745 | €14,472 | €11,940 | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | €2,458 | -€7,499 | -€26,296 | -€12,337 | ▲ 53.1% |
| Change in cash | - | -€4,754 | €15,910 | -€19,834 | €1,102 | ▲ 106% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8,410
Net result €8,410 after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Weakest financial yearnet -€7,468
Net result drops to -€7,468, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €17,730 ▲10,422%
Operating result €27,966, net result €17,730, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
The directors source did not answer while this page was built. This is not a statement about the company: right now we do not know.
Location & real-estate footprint
Registered office, Zutendaal
Insolvency mandates
The mandate source could not be read just now. That does not mean there are no mandates, only that we do not know at this moment.
Public money: source did not answer, try again later.
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