KEYTECHNIK

Active

Private limited companyfounded 2003active for 23 yearsDikberd(HRT) 34, 2200 Herentals, BelgiumKBO/BCE: BE 0861.289.526

Summary

KEYTECHNIK has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €685,019 and a net result of €397,813. Equity has been growing by about 3% per year since 2018. Its solvency ranks better than 58% of 131 sector peers (NACE 80, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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KEYTECHNIKActiveChecked score 89/100

Risk analysis Report Compare

Overview

Official details

Source: KBO

Status: Active since 24-10-2003 Normal situation
Registered office: 30 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity: Investigation and private security services NACE 80010and 3 others
Joint committee: 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit: 2.135.564.668 2200 Herentals, since 20-10-2003
Financial year end: 31 December
Peppol: Reachable since 09-05-2025

Company details

Board and ownership

Board

Marcel BorsboomDaily manager
Johan Van ThielenDaily manager
Mike RimmingtonDirector · since 01-07-2023

and 3 others

Auditor: EY Bednijfsrevisoren BV

Shareholders

Assa Abloy Global Solutions AB100%annual accounts 2025

Board & ownership

Financial position

89 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Annual accounts 2025

Gross margin: €1.2m; ▲ 46.7%
Turnover: ≈ €2.0m; estimated
Profit: €397,813; ▲ 851%
Equity: €685,019; ▲ 139%
Total assets: €1.4m; ▲ 34.5%
Employees on 31-12-2025: 7; =

Financials

Score breakdownraises riskLiquidity: current ratio 2.44lowers riskFounded in 2003Profit of €397,813 (financial year 2025)Size: 7 FTE, total assets €1.4mShow the evidence

Checked score

Score 2025

89 / 100

Excellent

Probability in this band: under 0.55%

Financially stronger than 77% of micro companies in security and investigation (NACE 80)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Strong

Solvency 73+21

equity 48.5% of total assets

Liquidity 73+18

short-term debt 31.7%

Profitability 100+35

return on assets 28.2%

Bankruptcy probability within 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (480 companies, NACE 80, micro)

Last 24 months 12-2024: 3.0%highest value 01-2025: 3.0%● unchanged vs 12-2024highest value 02-2025: 3.0%● unchanged vs 01-2025highest value 03-2025: 3.0%● unchanged vs 02-2025highest value 04-2025: 2.9%▼ -0.1 percentage points vs 03-2025 05-2025: 2.9%● unchanged vs 04-2025 06-2025: 2.7%▼ -0.2 percentage points vs 05-2025 07-2025: 0.7%▼ -2.0 percentage points vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.4%▲ +0.7 percentage points vs 07-2026 09-2026: 1.7%▲ +0.3 percentage points vs 08-2026 10-2026: 0.3%▼ -1.4 percentage points vs 09-2026lowest value 11-2026: 0.3%● unchanged vs 10-2026lowest value

Credit of up to €60,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.44 (1.47 in 2024), above the usual 1.5. Short-term debt is 31.7% of total assets. However, 51.5% of the assets are financed with debt and provisions.

Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 80, micro). It does better than 55% of them on solvency, 72% on liquidity, 90% on profitability and 92% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 2.44

NBB · annual accounts

Founded in 2003

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Profit of €397,813 (financial year 2025)

NBB · annual accounts

Size: 7 FTE, total assets €1.4m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

31 days early

2024

38 days early

2023

33 days early

2022

40 days early

2021

37 days late

2020

16 days early

2019

29 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 80), the median for financial year 2024 was 2 days before the deadline, and 42% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

03-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 30-06-2026 at the NBB all 22 filings

Turnover

≈ €2.0m

Estimated: probably between €1.4m and €3.3m

Total assets

€1.4m▲ 34.5%

2024 · €1.1m

Net result

€397,813▲ 851%

2024 · €41,836

Working capital

€645,809▲ 186%

2024 · €225,682

Multi-year overview

2018 to 2025, 8 financial years

Operating result

€477,511

▲ 555% 2025

20182025

Net result

€397,813

▲ 851% 2025

highest quarter of the sector

20182025

Equity

€685,019

▲ 139% 2025

highest quarter of the sector

20182025

Total assets

€1.4m

▲ 34.5% 2025

highest quarter of the sector

20182025

Debt

€728,167

▼ 4.0% 2025

20182025

Working capital

€645,809

▲ 186% 2025

highest quarter of the sector

20182025

Solvency

48.5%

▲ 21.1pp 2025

middle half of the sector

20182025

Current ratio

2.44

▲ 0.97 2025

middle half of the sector

20182025

Return on assets (ROA)

28.2%

▲ 24.2pp 2025

highest quarter of the sector

20182025

Staff (FTE)

▼ 7.9% 2025

middle half of the sector

20182025

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line20182019202020212022202320242025

Operating result€0.04m-€0.03m▼ 15.3%€0.2m▲ 546%€0.3m▲ 33.4%-€0.3m-€0.08m▲ 70.3%€0.07m€0.5m▲ 555%

Net result€0.06m-€0.005m▼ 91.6%€0.1m▲ 27×€0.2m▲ 35.4%-€0.3m-€0.1m▲ 64.0%€0.04m€0.4m▲ 851%

Equity€0.3m-€0.3m▲ 1.6%€0.4m▲ 44.1%€0.6m▲ 41.4%€0.3m▼ 44.1%€0.2m▼ 29.7%€0.3m▲ 17.1%€0.7m▲ 139%

Total assets€1.0m-€0.9m▼ 9.8%€1.1m▲ 19.7%€1.3m▲ 18.9%€1.0m▼ 21.1%€0.8m▼ 26.9%€1.1m▲ 37.2%€1.4m▲ 34.5%

Debt€0.7m-€0.6m▼ 14.5%€0.7m▲ 7.8%€0.7m▲ 4.1%€0.6m▼ 8.5%€0.5m▼ 24.5%€0.8m▲ 56.2%€0.7m▼ 4.0%

Working capital€0.1m-€0.08m▼ 32.0%€0.2m▲ 141%€0.3m▲ 81.3%€0.2m▼ 39.6%€0.2m▼ 24.0%€0.2m▲ 44.4%€0.6m▲ 186%

Solvency29.2%-32.9%▲ 3.7pp39.6%▲ 6.7pp47.1%▲ 7.5pp33.3%▼ 13.7pp32.0%▼ 1.3pp27.3%▼ 4.7pp48.5%▲ 21.1pp

Current ratio1.29-1.19▼ 0.101.37▲ 0.171.57▲ 0.201.44▼ 0.141.64▲ 0.201.47▼ 0.172.44▲ 0.97

Return on assets (ROA)5.6%-0.5%▼ 5.1pp12.1%▲ 11.6pp13.8%▲ 1.7pp-27.5%▼ 41.3pp-13.5%▲ 14.0pp4.0%▲ 17.5pp28.2%▲ 24.2pp

Staff (FTE)2.3-3▲ 30.4%3=3.6▲ 20.0%5.9▲ 63.9%6.8▲ 15.3%7.6▲ 11.8%7▼ 7.9%

above within below The sector band is the middle half of the companies in Investigation and security activities (NACE 80). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is over 6.5 times that of 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.4m

22.6%

77.4%

Fixed assets €319,032 ▼ 6.2%

Current assets €1.1m ▲ 54.0%

Equity and liabilities €1.4m

48.5%

51.5%

Equity €685,019 ▲ 139%

Provisions €0 ▼ 100%

Debt €728,167 ▼ 4.0%

Debt's share of the balance-sheet total falls from 72.2% to 51.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€502,519▲

2024 · €97,158

Cash flow

€422,821▲

2024 · €66,061

Quick ratio

2.08▲

2024 · 1.24

Debt to equity

1.06▼

2024 · 2.64

ROE

58.1%▲

2024 · 14.6%

Interest coverage

29.04▲

2024 · 4.92

Debt ≤ 1 year

€448,345▼

2024 · €484,838

Income taxes

€69,390▲

2024 · €12,164

Staff costs

€651,264▼

2024 · €718,284

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet

Item	31-12-2021	31-12-2022	31-12-2023	31-12-2024	31-12-2025
Employees at the balance-sheet date	4	7	7	7	7
full-time	3	6	7	7	7
part-time	1	1	0	0	0
in full-time equivalents	3.8	6.8	7	7	7
Average over the year, in full-time equivalents	3.6	5.9	6.8	7.6	7
On a permanent contract	4	7	7	7	7
Joined	1	3	1	1	-
Left	0	0	1	1	-

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2021	2022	2023	2024	2025
Debts secured on the company's own assets	€162,165	-	-	-	-
Mortgages, amount registered	€250,000	-	-	-	-
Carrying value of the mortgaged assets	€288,000	-	-	-	-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2021	2022	2023	2024	2025
Tangible fixed assets	€3,936	€1,066	€15,067	€1,099	€3,854
Financial fixed assets	-	-	-	-	€0
Depreciation and write-downs of the year	€30,764	€23,047	€22,413	€24,225	€25,008

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Public contracts

1 award · 2021

Supply and Installation of Key Management Cabinets at the European Parliament's Sites

buyer: European Parliament, Directorate-General for Security and Safety (SAFE)Security, fire-fighting, police and defence equipmentawarded 26-04-2021€600,0001 tenderTED 250102-2021

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.1m€1.4m▲

Fixed assets21/28€0.3m€0.3m▼

Tangible fixed assets22/27€0.3m€0.3m▼

Land and buildings22€0.3m€0.3m▼

Plant, machinery and equipment23€0.004m€0.004m▼

Furniture and vehicles24€0.006m€0.005m▼

Financial fixed assets28€38€38=

Current assets29/58€0.7m€1.1m▲

Stocks and contracts in progress3€0.1m€0.2m▲

Stocks30/36€0.1m€0.2m▲

Amounts receivable within one year40/41€0.6m€0.9m▲

Trade receivables40€0.6m€0.9m▲

Other amounts receivable41€0.001m€0.001m▼

Deferred charges and accrued income490/1€0.03m€0.02m▼

Equity and liabilities

Total equity and liabilities10/49€1.1m€1.4m▲

Equity10/15€0.3m€0.7m▲

Contributions10/11€0.03m€0.03m=

Reserves13€0.003m€0.7m▲

Distributable reserves133€0.003m€0.7m▲

Profit (loss) carried forward14€0.3m€0▼

Provisions and deferred taxes16€0.005m€0▼

Provisions for liabilities and charges160/5€0.005m€0▼

Other liabilities and charges164/5€0.005m€0▼

Amounts payable17/49€0.8m€0.7m▼

Amounts payable within one year42/48€0.5m€0.4m▼

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€0.2m€0.2m▼

Suppliers440/4€0.2m€0.2m▼

Advances received on contracts in progress46€0.04m€0.04m▲

Taxes, remuneration and social security45€0.2m€0.2m▼

Taxes450/3€0.06m€0.05m▼

Remuneration and social security454/9€0.2m€0.2m▲

Other amounts payable47/48€0.06m€0.05m▼

Accrued charges and deferred income492/3€0.3m€0.3m▲

Income statement Code20242025

Remuneration, social security and pensions62€0.7m€0.7m▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.03m▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.008m€0.005m▲

Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.03m-€0.005m▲

Other operating charges640/8€0.01m€0.006m▼

Gross operating margin9900€0.8m€1.2m▲

Operating profit (loss)9901€0.07m€0.5m▲

Financial income75/76B€0.001m€0.007m▲

Recurring financial income75€0.001m€0.007m▲

Financial charges65/66B€0.02m€0.02m▼

Recurring financial charges65€0.02m€0.02m▼

Profit (loss) for the period before taxes9903€0.05m€0.5m▲

Income taxes67/77€0.01m€0.07m▲

Profit (loss) for the period9904€0.04m€0.4m▲

Profit (loss) for the period to be appropriated9905€0.04m€0.4m▲

Appropriation of the result

Profit (loss) to be appropriated9906€0.3m€0.7m▲

Profit (loss) brought forward from the previous period14P€0.2m€0.3m▲

Transfer to equity691/2-€0.7m

To other reserves6921-€0.7m

Social balance sheet

Average headcount (FTE)90877.67.0▼

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	-	-	-	€0.2m	€0.5m	€0.6m	€0.7m	€0.7m	▼ 9.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.1m	€0.04m	€0.04m	€0.03m	€0.02m	€0.02m	€0.02m	€0.03m	▲ 3.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-	-	€0.02m	-€0.01m	€0.007m	-€0.008m	€0.005m	-
Provisions for liabilities and charges: additions (uses and reversals)635/8	-	-	-	-	€0.06m	-€0.02m	-€0.03m	-€0.005m	▲ 83.3%
Other operating charges640/8	-	-	-	€0.007m	€0.006m	€0.006m	€0.01m	€0.006m	▼ 51.5%
Gross operating margin9900	€0.3m	€0.2m	€0.4m	€0.5m	€0.3m	€0.6m	€0.8m	€1.2m	▲ 46.7%
Operating profit (loss)9901	€0.04m	€0.03m	€0.2m	€0.3m	-€0.3m	-€0.08m	€0.07m	€0.5m	▲ 555%
Financial income75/76B	-	-	-	€0.003m	€0.003m	€0.004m	€0.001m	€0.007m	▲ 763%
Recurring financial income75	€0.06m	€0.04m	€0.005m	€0.003m	€0.003m	€0.004m	€0.001m	€0.007m	▲ 763%
Financial charges65/66B	-	-	-	€0.03m	€0.02m	€0.03m	€0.02m	€0.02m	▼ 12.4%
Recurring financial charges65	€0.02m	€0.06m	€0.03m	€0.03m	€0.02m	€0.03m	€0.02m	€0.02m	▼ 12.4%
Profit (loss) for the period before taxes9903	€0.08m	€0.01m	€0.2m	€0.2m	-€0.3m	-€0.1m	€0.05m	€0.5m	▲ 765%
Income taxes67/77	€0.02m	€0.005m	€0.05m	€0.06m	€0.001m	€0.002m	€0.01m	€0.07m	▲ 470%
Profit (loss) for the period9904	€0.06m	€0.005m	€0.1m	€0.2m	-€0.3m	-€0.1m	€0.04m	€0.4m	▲ 851%
Profit (loss) for the period to be appropriated9905	€0.06m	€0.005m	€0.1m	€0.2m	-€0.3m	-€0.1m	€0.04m	€0.4m	▲ 851%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.0m	€0.9m	€1.1m	€1.3m	€1.0m	€0.8m	€1.1m	€1.4m	▲ 34.5%
Formation expenses20	€0	-	-	-	-	-	-	-	-
Fixed assets21/28	€0.5m	€0.5m	€0.4m	€0.4m	€0.4m	€0.4m	€0.3m	€0.3m	▼ 6.2%
Intangible fixed assets21	€0.02m	€0.01m	€0.007m	€0.002m	€0	-	-	-	-
Tangible fixed assets22/27	€0.5m	€0.4m	€0.4m	€0.4m	€0.4m	€0.4m	€0.3m	€0.3m	▼ 6.2%
Land and buildings22	-	-	-	€0.4m	€0.4m	€0.3m	€0.3m	€0.3m	▼ 5.9%
Plant, machinery and equipment23	-	-	-	€69	€0	€0.004m	€0.004m	€0.004m	▼ 11.3%
Furniture and vehicles24	-	-	-	€0.002m	€0.002m	€0.01m	€0.006m	€0.005m	▼ 21.4%
Leasing and similar rights25	-	-	-	€0.001m	€0	-	-	-	-
Financial fixed assets28	€165	€203	€203	€78	€78	€38	€38	€38	=
Current assets29/58	€0.5m	€0.5m	€0.7m	€0.9m	€0.7m	€0.4m	€0.7m	€1.1m	▲ 54.0%
Stocks and contracts in progress3	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	€0.1m	€0.1m	€0.2m	▲ 45.3%
Stocks30/36	-	-	-	€0.2m	€0.2m	€0.1m	€0.1m	€0.2m	▲ 45.3%
Amounts receivable within one year40/41	€0.3m	€0.3m	€0.4m	€0.7m	€0.4m	€0.3m	€0.6m	€0.9m	▲ 59.1%
Trade receivables40	-	-	-	€0.6m	€0.4m	€0.3m	€0.6m	€0.9m	▲ 59.2%
Other amounts receivable41	-	-	-	€0.04m	€0	€26	€0.001m	€0.001m	▼ 3.9%
Current investments50/53	€0	-	-	-	-	-	-	-	-
Cash at bank and in hand54/58	€0.06m	€0.001m	€0.1m	€0.03m	€0.03m	€0	-	-	-
Deferred charges and accrued income490/1	-	-	-	€0.01m	€0.01m	€0.02m	€0.03m	€0.02m	▼ 22.6%
Equity and liabilities
Total equity and liabilities10/49	€1.0m	€0.9m	€1.1m	€1.3m	€1.0m	€0.8m	€1.1m	€1.4m	▲ 34.5%
Equity10/15	€0.3m	€0.3m	€0.4m	€0.6m	€0.3m	€0.2m	€0.3m	€0.7m	▲ 139%
Contributions10/11	€0.02m	€0.02m	-	€0.02m	€0.03m	€0.03m	€0.03m	€0.03m	=
Reserves13	€0.003m	€0.003m	€0.003m	€0.003m	€0.003m	€0.003m	€0.003m	€0.7m	▲ 218×
Non-distributable reserves130/1	-	-	-	€0.003m	€0	-	-	-	-
Reserves not available under the articles1311	-	-	-	€0.003m	€0	-	-	-	-
Distributable reserves133	-	-	-	-	€0.003m	€0.003m	€0.003m	€0.7m	▲ 218×
Profit (loss) carried forward14	€0.3m	€0.3m	€0.4m	€0.6m	€0.3m	€0.2m	€0.3m	€0	▼ 100%
Provisions and deferred taxes16	€0	-	-	-	€0.06m	€0.04m	€0.005m	€0	▼ 100%
Provisions for liabilities and charges160/5	-	-	-	-	€0.06m	€0.04m	€0.005m	€0	▼ 100%
Other liabilities and charges164/5	-	-	-	-	€0.06m	€0.04m	€0.005m	€0	▼ 100%
Amounts payable17/49	€0.7m	€0.6m	€0.7m	€0.7m	€0.6m	€0.5m	€0.8m	€0.7m	▼ 4.0%
Amounts payable after more than one year17	€0.3m	€0.2m	€0.2m	€0.1m	€0	-	-	-	-
Financial debts170/4	-	-	-	€0.1m	€0	-	-	-	-
Amounts payable within one year42/48	€0.4m	€0.4m	€0.5m	€0.6m	€0.5m	€0.2m	€0.5m	€0.4m	▼ 7.5%
Current portion of amounts payable after more than one year42	-	-	-	€0.06m	€0	-	-	-	-
Financial debts43	-	-	-	€0	-	€257	€0	-	-
Credit institutions430/8	-	-	-	€0	-	€257	€0	-	-
Trade debts44	€0.09m	€0.1m	€0.2m	€0.4m	€0.04m	€0.07m	€0.2m	€0.2m	▼ 7.6%
Suppliers440/4	-	-	-	€0.4m	€0.04m	€0.07m	€0.2m	€0.2m	▼ 7.6%
Advances received on contracts in progress46	-	-	-	-	€0.02m	€0	€0.04m	€0.04m	▲ 5.7%
Taxes, remuneration and social security45	-	-	-	€0.1m	€0.1m	€0.1m	€0.2m	€0.2m	▼ 3.6%
Taxes450/3	-	-	-	€0.06m	€0.04m	€0.03m	€0.06m	€0.05m	▼ 14.1%
Remuneration and social security454/9	-	-	-	€0.04m	€0.09m	€0.1m	€0.2m	€0.2m	▲ 0.4%
Other amounts payable47/48	-	-	-	€0	€0.3m	€0.03m	€0.06m	€0.05m	▼ 28.3%
Accrued charges and deferred income492/3	-	-	-	€0.006m	€0.2m	€0.2m	€0.3m	€0.3m	▲ 2.3%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€58,404	€4,922	€135,232	€183,091	-€288,241	-€103,736	€41,836	€397,813	▲ 851%
+ Depreciation and write-downs630	€98,107	€40,439	€36,617	€30,764	€23,047	€22,413	€24,225	€25,008	▲ 3.2%
Operating cash flow (approximation)	€156,510	€45,361	€171,848	€213,855	-€265,194	-€81,323	€66,061	€422,821	▲ 540%
Investment in fixed assets (approximation)	-	€33,895	-€2,254	-€2,888	-€1,066	-€15,027	-€1,099	-€3,854	▼ 251%
Change in cash	-	-€57,892	€102,946	-€71,922	-€4,729	-€27,109	-	-	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 31,368 companies had the same profile as KEYTECHNIK has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.

Micro
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more

93.5% was still going

5.9% stopped otherwise

0.5% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of KEYTECHNIK itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,368 companies, not a prediction for KEYTECHNIK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Latest 10 of 22 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	30-06-2026	2026-00222604	PDF
31-12-2024	abbreviated format	23-06-2025	2025-00168631	PDF
31-12-2023	abbreviated format	28-06-2024	2024-00175472	PDF
31-12-2022	abbreviated format	21-06-2023	2023-00143059	PDF
31-12-2021	abbreviated format	06-09-2022	2022-20419394	PDF
31-12-2020	abbreviated format	15-07-2021	2021-35900220	PDF
31-12-2019	abbreviated format	02-07-2020	2020-25100427	PDF
31-12-2018	micro format	26-07-2019	2019-38000329	PDF
31-12-2017	abbreviated format	11-07-2018	2018-32100224	PDF
31-12-2016	abbreviated format	17-07-2017	2017-32500218	PDF

Show all 22 filings

Board & ownership

Directors

4 directors, 2 in day-to-day management, last change in 2026

Board 4

Mike Rimmington

Director · since 01-07-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-06-2026

Current

BERGSTRÖEM Stamatina

Director · since 15-05-2024 · listed in the 2025 annual accounts, filed on 30-06-2026

Current

Thomas Joseph SMITH

Director · appointed in the act of 18-09-2026 · term without a fixed end

Current

Zoher Abbas HIRJI

Director · appointed in the act of 18-09-2026 · term without a fixed end

Current

Day-to-day management 2

Marcel Borsboom

Day-to-day manager · appointed in the act of 25-07-2025 · term without a fixed end

Current

Johan Van Thielen

Day-to-day manager · appointed in the act of 08-09-2025 · term without a fixed end

Current

Statutory auditor 1

EY Bednijfsrevisoren BV

Statutory auditor · current term since 20-06-2025 · permanent representative: Line Vyvey · listed in the 2025 annual accounts, filed on 30-06-2026

Current

Office holders in the KBO →

Signing authority

“Hun mandaat geldt voor onbepaalde duur en is onbezoldigd. Met ingang van 1 juli 2026 is het bestuursorgaan als volgt samengesteld: - De heer…”

deed of 18-09-2026

Owners and capital

Shareholders

1 owner

Assa Abloy Global Solutions ABSEparent
Sourceown accounts 2025

100%

Mandate history

18 people, 7 in office

All 18 In office 7 Ended 11

Board
Day-to-day management
Statutory auditor
began earlier
end not dated

Mandates per person, with start and end dates
Name	Functions and periods
Mike Rimmington	Director, from 01-07-2023 to date
BERGSTRÖEM Stamatina	Director, from 15-05-2024 to date
Thomas Joseph SMITH	Director, appointed in the act of 18-09-2026, still in office
Zoher Abbas HIRJI	Director, appointed in the act of 18-09-2026, still in office
Marcel Borsboom	Day-to-day manager, appointed in the act of 25-07-2025, still in office
Johan Van Thielen	Day-to-day manager, appointed in the act of 08-09-2025, still in office
EY Bednijfsrevisoren BV	Statutory auditor, appointed in the act of 22-12-2022, still in office
Michael RIMMINGTON	Director, until 30-06-2026
Stamatina BERGSTRÖM	Director, until 30-06-2026
Stefni OLIVER	Director, appointed in the act of 30-07-2024, until 30-06-2026
Eric van der Hoef	Day-to-day manager, until 31-08-2025
Miguel Valdovinos	Director, appointed in the act of 30-09-2022, until 30-07-2024
Stamatina (roepnaam Tina) Bergström	Director, appointed in the act of 30-07-2024, no longer listed in the 2025 annual accounts
Stéphanie Ordan	Director, appointed in the act of 24-03-2022, until 30-07-2024
Peter Van Der Kolk	Director, appointed in the act of 30-09-2022, until 01-07-2023
Justin Sasse	Director, appointed in the act of 24-03-2022, until 25-08-2022
Nancy Claes	Director, until 24-03-2022
Nikolaas Vankerckhoven	Director, until 24-03-2022

Show all 18 people Show the first 12See the board, name and registered office on a given date →

Articles of association

Board rule: “Iedere bestuurder kan volmacht geven aan een ander lid van het college,door middel van elk communicatiemiddel dat schriftelijk kan worden…”

Articles of association, deed of 17-03-2022 (in Dutch)

Network & group

Connections & network

4 current directors

Depth

The network starts from the directors of KEYTECHNIK. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

Acts, filings and financial milestones

All 26Financial 5Gazette 11Filings 10

Deadline for the 2026 accounts: 31-07-2027

2026

18-09

Gazette deed Resignations: Stefni OLIVER, Stamatina BERGSTRÖM and Michael RIMMINGTON

Appointments: Zoher Abbas HIRJI (director) and Thomas Joseph SMITH (director)8 points ▸

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)

Open the act in the Belgian Official Gazette

30-06

NBB filing Annual accounts 2025 filedNBB

abbreviated format · 31 days before the deadline

2025

31-12

Financial Highest result from 2018 to 2025net €397,813 ▲851%

The operating result of €477,511 and the net result of €397,813 are both a record.

31-12

Financial Equity above €500,000equity €685,019 ▲139%

After 2 profitable years in a row, equity reaches €685,019.

08-09

Gazette deed Appointment: Johan Van Thielen (day-to-day manager)

Power of attorney7 points ▸

Board meeting, 01-08-2025
Director appointment, Johan Van Thielen (day-to-day manager)
Power of attorney, Nadine Crocaerts
Power of attorney, Ruben Ruysbergh
Power of attorney, Anton Baeten
Power of attorney, Alessandra Oliver
Power of attorney, Stephanie Struyfs

Open the act in the Belgian Official Gazette

13-08

Gazette deed Reappointment: EY Bednijfsrevisoren BV (statutory auditor)

2 points ▸

General meeting, 20-06-2025
Auditor reappointment, EY Bednijfsrevisoren BV (statutory auditor)

Open the act in the Belgian Official Gazette

25-07

Gazette deed Resignation: Eric van der Hoef (day-to-day manager)

Appointment: Marcel Borsboom (day-to-day manager)3 points ▸

Board meeting, 07-07-2025
Director resignation, Eric van der Hoef (day-to-day manager)
Director appointment, Marcel Borsboom (day-to-day manager)

Open the act in the Belgian Official Gazette

23-06

NBB filing Annual accounts 2024 filedPDF

abbreviated format · 38 days before the deadline

2024

31-12

Financial Back to profitnet €41,836

The net result is €41,836, after 2 loss-making years.

30-07

Gazette deed Resignations: Stéphanie Ordan (director) and Miguel Valdovinos (director)

Appointments: Stefni Oliver (director) and Stamatina (roepnaam Tina) Bergström (director) · Director discharge11 points ▸

General meeting, “schriftelijke besluiten, enige aandeelhouder” (deed in Dutch)
Director resignation, Stéphanie Ordan (director)
Director resignation, Miguel Valdovinos (director)
Director discharge, Stéphanie Ordan
Director discharge, Miguel Valdovinos
Other provision, “uitoefening mandaat, definitieve kwijting gewezen bestuurders” (deed in Dutch)
Director appointment, Stefni Oliver (director)
Director appointment, Stamatina (roepnaam Tina) Bergström (director)
Board composition, Michael Rimmington (director)
Board composition, Stefni Oliver (director)
Board composition, Stamatina (roepnaam Tina) Bergström (director)

Open the act in the Belgian Official Gazette

28-06

NBB filing Annual accounts 2023 filedPDF

abbreviated format · 33 days before the deadline

2023

19-10

Gazette deed Resignation: Peter Van Der Kolk (director)

Appointment: Mike Rimmington (director)6 points ▸

General meeting, 27-09-2023
Director resignation, Peter Van Der Kolk (director)
Director appointment, Mike Rimmington (director)
Board composition, Stéphanie Ordan (director)
Board composition, Miguel Valdovinos (director)
Board composition, Mike Rimmington (director)

Open the act in the Belgian Official Gazette

Show earlier events

21-06

NBB filing Annual accounts 2022 filedPDF

abbreviated format · 40 days before the deadline

2022

31-12

Financial Weakest financial yearnet -€288,241

The net result drops to -€288,241, the lowest from 2018 to 2025. It recovers the following year.

22-12

Gazette deed Appointment: EY Bedrijfsrevisoren BV (statutory auditor)

Permanent representative: Francis Boelens3 points ▸

General meeting, 30-11-2022
Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Francis Boelens

Open the act in the Belgian Official Gazette

30-09

Gazette deed Resignation: Justin Sasse (director)

Appointments: Peter Van Der Kolk (director) and Miguel Valdovinos (director)7 points ▸

General meeting, 16-08-2022
Director resignation, Justin Sasse (director)
Director appointment, Peter Van Der Kolk (director)
Director appointment, Miguel Valdovinos (director)
Board composition, Stéphanie Ordan (director)
Board composition, Peter Van Der Kolk (director)
Board composition, Miguel Valdovinos (director)

Open the act in the Belgian Official Gazette

06-09

NBB filing Annual accounts 2021 filedPDF

abbreviated format · 37 days late

24-03

Gazette deed Resignations: Nikolaas Vankerckhoven (director) and Nancy Claes (director)

Appointments: Stephanie Ordan (director) and Justin Sasse (director) · Power of attorney7 points ▸

General meeting, 14-03-2022
Director resignation, Nikolaas Vankerckhoven (director)
Director resignation, Nancy Claes (director)
Director appointment, Stephanie Ordan (director)
Director appointment, Justin Sasse (director)
Board meeting, 14-03-2022
Power of attorney, Eric van der Hoef (gevolmachtigde tot het dagelijks bestuur)

Open the act in the Belgian Official Gazette

17-03

Gazette deed Company renamed from KEYTECHNIK BVBA to Keytechnik

Capital conversion · Amendment of the articles · Power of attorney8 points ▸

General meeting, 14-03-2022
Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
Name change, Keytechnik
Amendment of the articles, 9
Amendment of the articles
Power of attorney
Other provision, “artikel 173,1°bis Wetboek van registratierechten, uitgereikt vóór registratie” (deed in Dutch)
Power of attorney, Tim CARNEWAL

Open the act in the Belgian Official Gazette

2021

31-12

Financial Equity above €500,000equity €624,946 ▲41.4%

With a profit in every financial year since 2018, equity grows to €624,946.

15-07

NBB filing Annual accounts 2020 filedPDF

abbreviated format · 16 days before the deadline

2020

02-07

NBB filing Annual accounts 2019 filedPDF

abbreviated format · 29 days before the deadline

2019

26-07

NBB filing Annual accounts 2018 filedPDF

micro format · 5 days before the deadline

2018

11-07

NBB filing Annual accounts 2017 filedPDF

abbreviated format · 20 days before the deadline

2017

17-07

NBB filing Annual accounts 2016 filedPDF

abbreviated format · 14 days before the deadline

2003

06-11

Gazette deed IncorporationPDF

Show all 22 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

KEYTECHNIK was incorporated on 24 October 2003.¹ The name was changed to Keytechnik in 2022.² Total assets rose from €1.0m in 2018 to €1.4m in 2025 and headcount from 2.3 to 7 full-time equivalents.³

Company details

Register details

Identity

KBO record

Name KEYTECHNIK in Dutch

Enterprise number 0861.289.526

Legal form Private limited company

Status Active, normale toestand

Founded 24-10-2003

Entity type Legal entity

Duration

Unlimited

deed of 17-03-2022 (in Dutch)

Registered office clause

“Vlaams Gewest”

deed of 17-03-2022 (in Dutch)

Registered office and establishments

Registered office Dikberd(HRT) 34, 2200 Herentals, Belgium

Establishment unit Keytechnik, Dikberd(HRT) 34, 2200 Herentals since 20-10-2003 · unit number 2.135.564.66833200 Installation of industrial machinery and equipment

Website www.keytechnik.be

E-mail nvk@keytechnik.be

Phone 014 70 50 51

Fax 014 70 50 53

Activities

NACEBEL 2025

VAT activities

80010 Investigation and private security services main activity

70200 Business and other management consultancy

82300 Organisation of conventions and trade shows

Social security (RSZ) activities

46646 Wholesale trade main activity

Codes under NACEBEL 2008

VAT activities

80100 Investigation and security activities main activity

70220 Business consulting

82300 Organisation of conventions and trade shows

Social security (RSZ) activities

46696 Wholesale trade main activity

Codes under NACEBEL 2003

74601 main activity

74142

74872

Joint committee 200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025

Purpose

“De groot-en kleinhandel,import en export in elektronische en mechanische sleutelbeheerssystemen,software,PC hardware,beveiligingssystemen en…”

9 activities

De groot-en kleinhandel,import en export in elektronische en mechanische sleutelbeheerssystemen,software,PC hardware,beveiligingssystemen en beveiligingsconsultancy
De installatie en het onderhoud van de hiervoor genoemde materialen
Constructeur van elektronische lockers(vakkenkastjes)
Constructeur van elektronische/mechanische sleutelteruggavesystemen
Het organiseren van seminaries,congressen enzomeer in verband met bovenvermelde punten
Het verlenen van advies en praktische hulp aan bedrijven in verband met bovenvermelde punten
Het aanleggen van een onroerend en roerend vermogen,alsmede het behouden,het beheren in de ruimste zin van het woord en het oordeelkundig uitbreiden ervan;de verhuur en handel in onroerende en roerende goederen;dit alles uitsluitend voor eigen rekening en in eigen naam en zonder inbreuk te plegen op de wet van 6 april 1995 inzake de secundaire markten,het statuut van en het toezicht op de beleggingsonderneming,de bemiddelaars en de beleggingsadviseurs
De aankoop,verhuur,ter beschikking stellen,onderhoud en verkoop van onroerende goederen
Het aanvragen,verwerven,verhandelen en exploiteren van licenties,octrooien,merken en dergelijke

deed of 17-03-2022 (in Dutch)

Invoicing and payment

VAT number BE 0861.289.526

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0861289526

Other Peppol ID 9925:BE0861289526

Registered 09-05-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Financial year and general meeting

Accounts at the NBB

Financial year end 31-12

Sites & property

Location

registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area

3.1 ha

Building footprint

504 m²

Building volume

3,421 m³

Cadastral parcel	Region	Area	Buildings	Height / floors
13302C0702/00N000	Flanders	3.1 ha	1 · 504 m²	7.8 m · 2

Overview

Overview

Official details

Board and ownership

Financial position

Checked score

Signals

Financials

Financials · financial year 2025, abbreviated format

Staff

Securities and guarantees

Investments

Public contracts

Historical observation

Board & ownership

Directors

Board 4

Day-to-day management 2

Statutory auditor 1

Owners and capital

Shareholders

Owners 1

Mandate history

Articles of association

Network & group

Connections & network

Timeline

Acts, filings and financial milestones

History

Company details

Register details

Identity

Registered office and establishments

Activities

Invoicing and payment

Financial year and general meeting

Sites & property

Buildings and parcels at the address