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KEYTECH SOLUTIONS

Active
Private limited companyfounded 20232 yrs activeKardinaal Cardijnlaan 51, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 1000.438.105
Summary

The computed 12-month bankruptcy probability of KEYTECH SOLUTIONS is 2.6% (moderate). The 2024 annual accounts show equity of €19,207 and a net result of €14,207. Its solvency ranks better than 71% of 36377 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency91
Growth-
Track record67
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.73; short-term debt: 29.1% and cash: 31.6% of total assets), and 34.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
65.8%
Return on assets
48.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 1 filing
Deviation from the deadline
2024
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 26 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 28 September 2023, KEYTECH SOLUTIONS was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€19,207
Total assets
€29,183
Net result
€14,207
Working capital
€6,171

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

Balance-sheet composition
Assets €29,183
Fixed assets €14,510
Current assets €14,673
Equity and liabilities €29,183
Equity €19,207
Debt €9,977
Debt finances 34.2% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€17,076
Cash flow
€17,076
Current ratio
1.73
Debt to equity
0.52
ROE
74.0%
ROA
48.7%
Debt ≤ 1 year
€8,502

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 31 lines
Balance sheet Code2024
Assets
Total assets20/58€29,183
Fixed assets21/28€14,510
Tangible fixed assets22/27€14,510
Plant, machinery and equipment23€14,510
Current assets29/58€14,673
Amounts receivable within one year40/41€3,468
Trade receivables40€535
Other amounts receivable41€2,933
Cash at bank and in hand54/58€9,211
Deferred charges and accrued income490/1€1,994
Equity and liabilities
Total equity and liabilities10/49€29,183
Equity10/15€19,207
Contributions10/11€5,000
Reserves13€14,207
Distributable reserves133€14,207
Amounts payable17/49€9,977
Amounts payable within one year42/48€8,502
Trade debts44€7,650
Suppliers440/4€7,650
Other amounts payable47/48€852
Accrued charges and deferred income492/3€1,475
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,870
Other operating charges640/8€2,750
Gross operating margin9900€19,826
Operating profit (loss)9901€14,207
Profit (loss) for the period before taxes9903€14,207
Profit (loss) for the period9904€14,207
Profit (loss) for the period to be appropriated9905€14,207
Appropriation of the result
Profit (loss) to be appropriated9906€14,207
Transfer to equity691/2€14,207
To other reserves6921€14,207

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

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,870
Other operating charges640/8€2,750
Gross operating margin9900€19,826
Operating profit (loss)9901€14,207
Profit (loss) for the period before taxes9903€14,207
Profit (loss) for the period9904€14,207
Profit (loss) for the period to be appropriated9905€14,207
Line2024
Assets
Total assets20/58€29,183
Fixed assets21/28€14,510
Tangible fixed assets22/27€14,510
Plant, machinery and equipment23€14,510
Current assets29/58€14,673
Amounts receivable within one year40/41€3,468
Trade receivables40€535
Other amounts receivable41€2,933
Cash at bank and in hand54/58€9,211
Deferred charges and accrued income490/1€1,994
Equity and liabilities
Total equity and liabilities10/49€29,183
Equity10/15€19,207
Contributions10/11€5,000
Reserves13€14,207
Distributable reserves133€14,207
Amounts payable17/49€9,977
Amounts payable within one year42/48€8,502
Trade debts44€7,650
Suppliers440/4€7,650
Other amounts payable47/48€852
Accrued charges and deferred income492/3€1,475
Line2024
Profit (loss) for the period9904€14,207
+ Depreciation and write-downs630€2,870
Operating cash flow (approximation)€17,076

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
26-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
NBB filing
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, Sint-Niklaas · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
579 m²
Building footprint
106 m²
Volume, LiDAR
578 m³
Parcel 46444D0671/00B000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEYTECH SOLUTIONS
Kardinaal Cardijnlaan 51, 9100 Sint-NiklaasRepair and maintenance of machinery
since 20232.352.170.420
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46444D0671/00B000 Flanders 579 m² 1 · 106 m² 7.3 m · 2 fl.
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.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,131 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
Founded28-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail lennert.keytech@gmail.comSint-Niklaas
Phone +32473589528Sint-Niklaas
E-invoicing
Reachable via Peppol
Peppol ID 0208:1000438105
Also 9925:BE1000438105
Registered 05-03-2024

Register as of 26 September 2026 · Peppol Directory

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