KEYTECHNIK
ActiveSummary
KEYTECHNIK has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €287,205 and a net result of €41,836. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 37% of 89 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+63
Solvency52▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.64 in 2023; short-term debt: 46.1% of total assets), and 72.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
33 d early
2022
40 d early
2021
37 d late
2020
16 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€287,205▲ 17.1%
2023 · €245,370
Total assets
€1.1m▲ 37.2%
2023 · €765,814
Net result
€41,836
2023 · -€103,736
Working capital
€225,682▲ 44.4%
2023 · €156,333
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 80, Investigation and security 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
Line20202021202220232024
Operating result€204,438▲ 546%€272,793▲ 33.4%-€269,107-€79,960▲ 70.3%€72,933
Net result€135,232above the sector's middle half▲ 2,648%€183,091above the sector's middle half▲ 35.4%-€288,241below the sector's middle half-€103,736below the sector's middle half▲ 64.0%€41,836within the sector's middle half
Equity€441,855within the sector's middle half▲ 44.1%€624,946above the sector's middle half▲ 41.4%€349,105within the sector's middle half▼ 44.1%€245,370within the sector's middle half▼ 29.7%€287,205within the sector's middle half▲ 17.1%
Total assets€1.1mwithin the sector's middle half▲ 19.7%€1.3mabove the sector's middle half▲ 18.9%€1.0mwithin the sector's middle half▼ 21.1%€765,814within the sector's middle half▼ 26.9%€1.1mwithin the sector's middle half▲ 37.2%
Debt€674,925▲ 7.8%€702,733▲ 4.1%€643,030▼ 8.5%€485,444▼ 24.5%€758,501▲ 56.2%
Working capital€187,654within the sector's middle half▲ 141%€340,245above the sector's middle half▲ 81.3%€205,646within the sector's middle half▼ 39.6%€156,333within the sector's middle half▼ 24.0%€225,682within the sector's middle half▲ 44.4%
Solvency39.6%within the sector's middle half▲ 6.7pp47.1%within the sector's middle half▲ 7.5pp33.3%within the sector's middle half▼ 13.7pp32.0%within the sector's middle half▼ 1.3pp27.3%within the sector's middle half▼ 4.7pp
Current ratio1.37within the sector's middle half▲ 0.171.57within the sector's middle half▲ 0.201.44within the sector's middle half▼ 0.141.64within the sector's middle half▲ 0.201.47within the sector's middle half▼ 0.17
Return on assets (ROA)12.1%above the sector's middle half▲ 11.6pp13.8%above the sector's middle half▲ 1.7pp-27.5%below the sector's middle half▼ 41.3pp-13.5%below the sector's middle half▲ 14.0pp4.0%within the sector's middle half▲ 17.5pp
Staff (FTE)3within the sector's middle half=3.6within the sector's middle half▲ 20.0%5.9within the sector's middle half▲ 63.9%6.8within the sector's middle half▲ 15.3%7.6within the sector's middle half▲ 11.8%
above
within
below
the middle half (P25 to P75) of NACE 80, Investigation and security activities, each year against the same schema; no band under 30 filings.
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 2024: €72,933 after a loss of €79,960 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€340,186 ▼ 6.4%
Current assets
€710,521 ▲ 76.5%
Equity and liabilities €1.1m
Equity
€287,205 ▲ 17.1%
Provisions
€5,000 ▼ 85.7%
Debt
€758,501 ▲ 56.2%
Debt's share of the balance-sheet total rises from 63.4% to 72.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€97,158▲
2023 · -€57,547
Cash flow
€66,061▲
2023 · -€81,323
Quick ratio
1.24▲
2023 · 1.24
Debt to equity
2.64▲
2023 · 1.98
ROE
14.6%▲
2023 · -42.3%
Interest coverage
4.92▲
2023 · -2.24
Debt ≤ 1 year
€484,838▲
2023 · €246,169
Income taxes
€12,164▲
2023 · €1,974
Staff costs
€718,284▲
2023 · €625,693
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 3,980 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €206,603 | €482,836 | €625,693 | €718,284 | ▲ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,617 | €30,764 | €23,047 | €22,413 | €24,225 | ▲ 8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €15,760 | -€11,567 | €7,271 | -€7,813 | ▼ 207% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €55,000 | -€20,000 | -€30,000 | ▼ 50.0% |
| Other operating charges640/8 | - | €6,828 | €6,236 | €6,334 | €13,213 | ▲ 109% |
| Gross operating margin9900 | €412,811 | €532,748 | €286,445 | €561,751 | €790,843 | ▲ 40.8% |
| Operating profit (loss)9901 | €204,438 | €272,793 | -€269,107 | -€79,960 | €72,933 | ▲ 191% |
| Financial income75/76B | - | €3,104 | €3,379 | €3,919 | €811 | ▼ 79.3% |
| Recurring financial income75 | €5,297 | €3,104 | €3,379 | €3,919 | €811 | ▼ 79.3% |
| Financial charges65/66B | - | €32,181 | €21,487 | €25,721 | €19,744 | ▼ 23.2% |
| Recurring financial charges65 | €27,775 | €32,181 | €21,487 | €25,721 | €19,744 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €181,960 | €243,715 | -€287,215 | -€101,762 | €54,000 | ▲ 153% |
| Income taxes67/77 | €46,728 | €60,625 | €1,026 | €1,974 | €12,164 | ▲ 516% |
| Profit (loss) for the period9904 | €135,232 | €183,091 | -€288,241 | -€103,736 | €41,836 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | €135,232 | €183,091 | -€288,241 | -€103,736 | €41,836 | ▲ 140% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.3m | €1.0m | €765,814 | €1.1m | ▲ 37.2% |
| Fixed assets21/28 | €420,556 | €392,680 | €370,698 | €363,313 | €340,186 | ▼ 6.4% |
| Intangible fixed assets21 | €6,702 | €1,748 | €0 | - | - | - |
| Tangible fixed assets22/27 | €413,651 | €390,854 | €370,620 | €363,275 | €340,148 | ▼ 6.4% |
| Land and buildings22 | - | €388,045 | €368,675 | €349,305 | €329,935 | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €69 | €0 | €4,428 | €3,980 | ▼ 10.1% |
| Furniture and vehicles24 | - | €1,745 | €1,945 | €9,541 | €6,233 | ▼ 34.7% |
| Leasing and similar rights25 | - | €995 | €0 | - | - | - |
| Financial fixed assets28 | €203 | €78 | €78 | €38 | €38 | = |
| Current assets29/58 | €696,224 | €934,999 | €676,436 | €402,501 | €710,521 | ▲ 76.5% |
| Stocks and contracts in progress3 | €154,166 | €216,575 | €249,520 | €97,985 | €109,844 | ▲ 12.1% |
| Stocks30/36 | - | €216,575 | €249,520 | €97,985 | €109,844 | ▲ 12.1% |
| Amounts receivable within one year40/41 | €429,475 | €674,386 | €386,738 | €288,750 | €574,578 | ▲ 99.0% |
| Trade receivables40 | - | €639,084 | €386,738 | €288,723 | €573,911 | ▲ 98.8% |
| Other amounts receivable41 | - | €35,301 | €0 | €26 | €667 | ▲ 2,446% |
| Cash at bank and in hand54/58 | €103,760 | €31,838 | €27,109 | €0 | - | - |
| Deferred charges and accrued income490/1 | - | €12,200 | €13,069 | €15,767 | €26,098 | ▲ 65.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.3m | €1.0m | €765,814 | €1.1m | ▲ 37.2% |
| Equity10/15 | €441,855 | €624,946 | €349,105 | €245,370 | €287,205 | ▲ 17.1% |
| Contributions10/11 | - | €17,600 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | - | €3,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €3,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €421,255 | €604,346 | €316,105 | €212,370 | €254,205 | ▲ 19.7% |
| Provisions and deferred taxes16 | - | - | €55,000 | €35,000 | €5,000 | ▼ 85.7% |
| Provisions for liabilities and charges160/5 | - | - | €55,000 | €35,000 | €5,000 | ▼ 85.7% |
| Other liabilities and charges164/5 | - | - | €55,000 | €35,000 | €5,000 | ▼ 85.7% |
| Amounts payable17/49 | €674,925 | €702,733 | €643,030 | €485,444 | €758,501 | ▲ 56.2% |
| Amounts payable after more than one year17 | €162,165 | €102,385 | €0 | - | - | - |
| Financial debts170/4 | - | €102,385 | €0 | - | - | - |
| Amounts payable within one year42/48 | €508,570 | €594,754 | €470,790 | €246,169 | €484,838 | ▲ 97.0% |
| Current portion of amounts payable after more than one year42 | - | €59,781 | €0 | - | - | - |
| Financial debts43 | - | €0 | - | €257 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €0 | - | €257 | €0 | ▼ 100% |
| Trade debts44 | €178,762 | €429,793 | €40,793 | €68,126 | €169,944 | ▲ 149% |
| Suppliers440/4 | - | €429,793 | €40,793 | €68,126 | €169,944 | ▲ 149% |
| Advances received on contracts in progress46 | - | - | €21,674 | €0 | €38,300 | - |
| Taxes, remuneration and social security45 | - | €105,180 | €124,875 | €143,277 | €212,197 | ▲ 48.1% |
| Taxes450/3 | - | €63,854 | €37,646 | €33,000 | €58,198 | ▲ 76.4% |
| Remuneration and social security454/9 | - | €41,326 | €87,229 | €110,277 | €153,999 | ▲ 39.6% |
| Other amounts payable47/48 | - | €0 | €283,448 | €34,508 | €64,398 | ▲ 86.6% |
| Accrued charges and deferred income492/3 | - | €5,594 | €172,240 | €239,276 | €273,663 | ▲ 14.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135,232 | €183,091 | -€288,241 | -€103,736 | €41,836 | ▲ 140% |
| + Depreciation and write-downs630 | €36,617 | €30,764 | €23,047 | €22,413 | €24,225 | ▲ 8.1% |
| Operating cash flow (approximation) | €171,848 | €213,855 | -€265,194 | -€81,323 | €66,061 | ▲ 181% |
| Investment in fixed assets (approximation) | - | -€2,888 | -€1,066 | -€15,027 | -€1,099 | ▲ 92.7% |
| Change in cash | - | -€71,922 | -€4,729 | -€27,109 | - | - |
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
2026
18-09
State Gazette act
Resignations: Stefni OLIVER, Stamatina BERGSTRÖM and Michael RIMMINGTONAppointments: Zoher Abbas HIRJI (director) and Thomas Joseph SMITH (director)8 facts ▸
State Gazette act
Resignations: Stefni OLIVER, Stamatina BERGSTRÖM and Michael RIMMINGTON
Appointments: Zoher Abbas HIRJI (director) and Thomas Joseph SMITH (director)8 facts ▸
- General meeting, 24-08-2026
- Director resignation, Stefni OLIVER (director)
- Director resignation, Stamatina BERGSTRÖM (director)
- Director resignation, Michael RIMMINGTON (director)
- Director appointment, Zoher Abbas HIRJI (director)
- Director appointment, Thomas Joseph SMITH (director)
- Board composition, Zoher Abbas HIRJI (director)
- Board composition, Thomas Joseph SMITH (director)
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €41,836
Net result €41,836 after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€288,241
Net result drops to -€288,241, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 37 days late
2021
31-12
Financial
Highest result since 2018net €183,091 ▲35.4%
Operating result €272,793, net result €183,091, both a record.
31-12
Financial
Equity above €500,000Eq €624,946 ▲41.4%
4 profitable years in a row build equity to €624,946.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Thomas Joseph SMITH
CurrentDirector · since 01-07-2026
Zoher Abbas HIRJI
CurrentDirector · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2003
Ground area
3.1 ha
Building footprint
504 m²
Parcel 13302C0702/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
Keytechnik
since 20032.135.564.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0702/00N000 | Flanders | 3.1 ha | 1 · 504 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.
Mandate history
5 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Thomas Joseph SMITH |
|
| Zoher Abbas HIRJI |
|
| Michael RIMMINGTON |
|
| Stamatina BERGSTRÖM |
|
| Stefni OLIVER |
|
Articles of association
Who signs
“Hun mandaat geldt voor onbepaalde duur en is onbezoldigd. Met ingang van 1 juli 2026 is het bestuursorgaan als volgt samengesteld: - De heer Zoher Abbas HIRJI, en - De heer Thomas Joseph (roepnaam: Tom) SMITH. Overeenkomstig artikel 11 van de statuten wordt de vennootschap indien er meerdere…”
Full text
Hun mandaat geldt voor onbepaalde duur en is onbezoldigd. Met ingang van 1 juli 2026 is het bestuursorgaan als volgt samengesteld: - De heer Zoher Abbas HIRJI, en - De heer Thomas Joseph (roepnaam: Tom) SMITH. Overeenkomstig artikel 11 van de statuten wordt de vennootschap indien er meerdere bestuurders benoemd zijn in en buiten rechte geldig vertegenwoordigd door twee bestuurders, gezamenlijk optredend. [...] 3 Bijzondere volmacht [...] Tenslotte beslist de enige aandeelhouder om mevrouw Nadine Crocaerts, de heer Anton Baeten, en mevrouw Stephanie Struyfs, allen woonstkeuze gedaan hebbende te 2600 Antwerpen (Berchem), Uitbreidingstraat 72/1, aan te stellen als bijzonder gevolmachtigden, elk met de bevoegdheid om alleen te
Structure & network
Owners and holdings
1 ownerOwners 1
- Assa Abloy Global Solutions ABSEparentSourceown accounts 2024100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of KEYTECHNIK and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 700 companies in sector 80010 we hold annual accounts for 349. 239 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
Founded24-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46646Wholesale trade
80010Investigation and private security services
70200Business and other management consultancy
82300Organisation of conventions and trade shows
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861289526
Also
9925:BE0861289526
Registered
09-05-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.