Summary
KEYTONE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €49,260 and a net result of -€40,069. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 22% of 8074 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
28 d early
2023
27 d early
2022
12 d early
2021
37 d early
2020
5 d late
2019
7 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 19 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€49,260▼ 44.9%
2024 · €89,329
Net result
-€40,069
2024 · €6,535
Total assets
€282,423▼ 29.4%
2024 · €400,236
Solvency
17.4%▼ 4.9pp
2024 · 22.3%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,476▼ 61.0%€6,535▲ 19.3%€8,822▲ 35.0%€10,081▲ 14.3%-€89,735
Net result€1,557€6,131▲ 294%€7,052▲ 15.0%€6,535▼ 7.3%-€40,069
Equity€69,610▲ 2.3%€75,742▲ 8.8%€82,794▲ 9.3%€89,329▲ 7.9%€49,260▼ 44.9%
Total assets€421,183▼ 4.1%€412,606▼ 2.0%€404,500▼ 2.0%€400,236▼ 1.1%€282,423▼ 29.4%
Debt€351,573▼ 5.3%€336,864▼ 4.2%€321,706▼ 4.5%€310,907▼ 3.4%€233,163▼ 25.0%
Working capital-€325,129▲ 0.4%-€318,361▲ 2.1%-€311,359▲ 2.2%-€302,472▲ 2.9%-€226,427▲ 25.1%
Solvency16.5%▲ 1.0pp18.4%▲ 1.8pp20.5%▲ 2.1pp22.3%▲ 1.9pp17.4%▼ 4.9pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €89,735 after €10,081 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €282,423
Fixed assets
€275,687 ▼ 29.7%
Current assets
€6,737 ▼ 15.6%
Equity and liabilities €282,423
Equity
€49,260 ▼ 44.9%
Debt
€233,163 ▼ 25.0%
Debt's share of the balance-sheet total rises from 77.7% to 82.6%. Equity and debt are lower.
Key figures and ratios
ROE
-81.3%▼
2024 · 7.3%
ROA
-14.2%▼
2024 · 1.6%
Debt ≤ 1 year
€233,163▼
2024 · €310,457
Income taxes
€5,471▲
2024 · €3,351
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,657 | €6,668 | €6,056 | €5,498 | €2,594 | ▼ 52.8% |
| Other operating charges640/8 | €553 | €1,030 | €1,030 | €804 | €1,024 | ▲ 27.4% |
| Non-recurring operating charges66A | - | - | - | - | €101,494 | - |
| Gross operating margin9900 | €12,686 | €14,233 | €15,908 | €16,383 | €15,377 | ▼ 6.1% |
| Operating profit (loss)9901 | €5,476 | €6,535 | €8,822 | €10,081 | -€89,735 | ▼ 990% |
| Financial income75/76B | €1 | €87 | €0 | - | €55,255 | - |
| Recurring financial income75 | €1 | €87 | €0 | - | €55,255 | - |
| Financial charges65/66B | €340 | €324 | €270 | €194 | €119 | ▼ 38.6% |
| Recurring financial charges65 | €340 | €324 | €270 | €194 | €119 | ▼ 38.6% |
| Profit (loss) for the period before taxes9903 | €5,137 | €6,298 | €8,552 | €9,886 | -€34,599 | ▼ 450% |
| Income taxes67/77 | €3,581 | €167 | €1,500 | €3,351 | €5,471 | ▲ 63.3% |
| Profit (loss) for the period9904 | €1,557 | €6,131 | €7,052 | €6,535 | -€40,069 | ▼ 713% |
| Profit (loss) for the period to be appropriated9905 | €1,557 | €6,131 | €7,052 | €6,535 | -€40,069 | ▼ 713% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €421,183 | €412,606 | €404,500 | €400,236 | €282,423 | ▼ 29.4% |
| Fixed assets21/28 | €410,474 | €403,806 | €397,750 | €392,252 | €275,687 | ▼ 29.7% |
| Tangible fixed assets22/27 | €20,816 | €14,148 | €8,092 | €2,594 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €1,143 | €266 | €0 | - | - | - |
| Furniture and vehicles24 | €19,673 | €13,883 | €8,092 | €2,594 | €0 | ▼ 100% |
| Financial fixed assets28 | €389,658 | €389,658 | €389,658 | €389,658 | €275,687 | ▼ 29.2% |
| Current assets29/58 | €10,709 | €8,800 | €6,750 | €7,984 | €6,737 | ▼ 15.6% |
| Amounts receivable within one year40/41 | €4,087 | €5,776 | €3,069 | €3,451 | €2,281 | ▼ 33.9% |
| Trade receivables40 | €4,087 | €5,776 | €3,069 | €2,715 | €2,281 | ▼ 16.0% |
| Other amounts receivable41 | - | - | - | €736 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €6,623 | €3,024 | €3,681 | €4,533 | €4,456 | ▼ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €421,183 | €412,606 | €404,500 | €400,236 | €282,423 | ▼ 29.4% |
| Equity10/15 | €69,610 | €75,742 | €82,794 | €89,329 | €49,260 | ▼ 44.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €49,150 | €55,282 | €62,334 | €68,869 | €28,800 | ▼ 58.2% |
| Amounts payable17/49 | €351,573 | €336,864 | €321,706 | €310,907 | €233,163 | ▼ 25.0% |
| Amounts payable after more than one year17 | €15,734 | €9,703 | €3,597 | €0 | - | - |
| Financial debts170/4 | €15,734 | €9,703 | €3,597 | €0 | - | - |
| Amounts payable within one year42/48 | €335,839 | €327,160 | €318,109 | €310,457 | €233,163 | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | €5,956 | €6,030 | €6,106 | €3,597 | €0 | ▼ 100% |
| Trade debts44 | €1,595 | €1,937 | €688 | €265 | €86 | ▼ 67.6% |
| Suppliers440/4 | €1,595 | €1,937 | €688 | €265 | €86 | ▼ 67.6% |
| Taxes, remuneration and social security45 | €564 | €1,048 | €1,798 | €1,202 | €1,012 | ▼ 15.8% |
| Taxes450/3 | €564 | €1,048 | €1,798 | €1,202 | €1,012 | ▼ 15.8% |
| Other amounts payable47/48 | €327,725 | €318,145 | €309,516 | €305,393 | €232,065 | ▼ 24.0% |
| Accrued charges and deferred income492/3 | - | - | - | €450 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,557 | €6,131 | €7,052 | €6,535 | -€40,069 | ▼ 713% |
| + Depreciation and write-downs630 | €6,657 | €6,668 | €6,056 | €5,498 | €2,594 | ▼ 52.8% |
| Operating cash flow (approximation) | €8,213 | €12,799 | €13,108 | €12,034 | -€37,476 | ▼ 411% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €113,971 | - |
| Change in cash | - | -€3,599 | €657 | €852 | -€77 | ▼ 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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€40,069
Net result drops to -€40,069, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1,557
Net result €1,557 after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €11,637 ▲328%
Operating result €16,100, net result €11,637, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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
2 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, Antwerpen · 1 establishment unit since 2015
Ground area
212 m²
Building footprint
99 m²
Volume, LiDAR
733 m³
Parcel 11006A0225/00H004, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEYTONE
since 20152.241.155.997
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11006A0225/00H004 | Flanders | 212 m² | 1 · 99 m² | 11.5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
24.25%
According to the 2025 annual accounts of KEYTONE 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
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 10,413 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
Founded02-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0627927124
Also
9925:BE0627927124
Registered
17-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.