KEYSTONES
ActiveKEYSTONES has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-14k) and a net result of €41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 7709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+89
Solvency19▲+19
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.75 against 0.76 in 2024; short-term debt: 47.3% and cash: 1.7% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Six 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.6%
Return on assets
16.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 7709 sector peers (2025).
NBB · sector comparisonPosition among 7709 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
104 d late
2023
61 d late
2022
60 d late
2021
61 d late
2020
27 d late
2019
91 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-14k▲ 90.9%
2024 · €-155k
2018: €11k
2019: €23k
2020: €27k
2021: €37k
2022: €64k
2023: €-82k
2024: €-155k
2018 → 2025
Total assets
€253k▼ 10.8%
2024 · €283k
2018: €393k
2019: €405k
2020: €460k
2021: €527k
2022: €386k
2023: €226k
2024: €283k
2018 → 2025
Net result
€41k
2024 · €-73k
2018: €12k
2019: €47k
2020: €5k
2021: €10k
2022: €27k
2023: €-146k
2024: €-73k
2018 → 2025
Working capital
€90k
2024 · €-62k
2018: €40k
2019: €67k
2020: €83k
2021: €108k
2022: €142k
2023: €-5k
2024: €-62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€64k▲ 73.1%€-82k€-155k▼ 88.9%€-14k▲ 90.9%
Operating result€20k-€46k▲ 133%€-155k€-71k▲ 53.8%€47k
Net result€10k-€27k▲ 180%€-146k€-73k▲ 50.1%€41k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €47k after a loss of €71k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €253k
Fixed assets
€44k▼ 49.2%
Current assets
€209k▲ 5.9%
Key figures and ratios
EBITDA
€82k▲
2024 · €-33k
Cash flow
€76k▲
2024 · €-35k
Solvency
-5.6%▲
2024 · -54.7%
Current ratio
1.75▲
2024 · 0.76
Quick ratio
1.75▲
2024 · 0.76
Debt / equity
-18.82▼
2024 · -2.83
ROA
16.3%▲
2024 · -25.7%
Interest coverage
8.79▲
2024 · -1.23
Debt
€267k▼
2024 · €438k
Debt ≤ 1 year
€119k▼
2024 · €260k
Debt > 1 year
€147k▼
2024 · €178k
Income taxes
€239▲
2024 · €197
Staff costs
€23k▼
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€283k€253k▼
Fixed assets21/28€86k€44k▼
Intangible fixed assets21€1k€4k▲
Tangible fixed assets22/27€85k€39k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€1k€537▼
Furniture and vehicles24€21k€7k▼
Other tangible fixed assets26€61k€30k▼
Current assets29/58€197k€209k▲
Amounts receivable within one year40/41€197k€205k▲
Trade receivables40€191k€192k▲
Other amounts receivable41€6k€12k▲
Cash at bank and in hand54/58-€4k
Deferred charges and accrued income490/1€484-
Equity and liabilities
Total equity and liabilities10/49€283k€253k▼
Equity10/15€-155k€-14k▲
Contributions10/11€6k€6k=
Reserves13€58k€58k=
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€-219k€-78k▲
Amounts payable17/49€438k€267k▼
Amounts payable after more than one year17€178k€147k▼
Financial debts170/4€178k€147k▼
Amounts payable within one year42/48€260k€119k▼
Current portion of amounts payable after more than one year42€29k€30k▲
Financial debts43€46k-
Credit institutions430/8€46k-
Trade debts44€152k€23k▼
Suppliers440/4€152k€23k▼
Advances received on contracts in progress46€12k€23k▲
Taxes, remuneration and social security45€19k€26k▲
Taxes450/3€16k€24k▲
Remuneration and social security454/9€3k€1k▼
Other amounts payable47/48€2k€18k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€5k▲
Remuneration, social security and pensions62€57k€23k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€35k▼
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€26k€114k▲
Operating profit (loss)9901€-71k€47k▲
Financial income75/76B€29k€3k▼
Recurring financial income75€421€3k▲
Non-recurring financial income76B€28k€0▼
Financial charges65/66B€30k€9k▼
Recurring financial charges65€27k€9k▼
Non-recurring financial charges66B€3k€0▼
Profit (loss) for the period before taxes9903€-73k€41k▲
Income taxes67/77€197€239▲
Profit (loss) for the period9904€-73k€41k▲
Profit (loss) for the period to be appropriated9905€-73k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-219k€-78k▲
Profit (loss) brought forward from the previous period14P€-146k€-119k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €41k
Net result €41k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.75
Current ratio from 0.76 to 1.75; short-term debt falls from €260k to €119k.
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 104 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-146k ▼640%
Net result drops to €-146k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €47k ▲285%
Operating result €58k, net result €47k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kraainem · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wezembeeklaan 1201950 KraainemGround area
1,940 m²
Building footprint
56 m²
Volume, LiDAR
138 m³
Parcel 22002B0158/00A000, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KEYSTONES
since 20162.254.303.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002B0158/00A000 | Flanders | 1,940 m² | 1 · 56 m² | 9.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 840 EUR awarded · 840 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 840 EUR | 840 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,501 companies in sector 82990 we hold annual accounts for 9,398. 7,054 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2016
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
82990Other business support services
66120Activities auxiliary to financial services and insurance activities
66129Activities auxiliary to financial services and insurance activities
66199Other activities auxiliary to financial services, excluding insurance and pension funding
66300Activities auxiliary to financial services and insurance activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.keystones.be
E-mail:info@keystones.be