Keyware Technologies
Open bankruptcyFinancials · fiscal year 2025, full schema, statutory accounts
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€2.8m▼ 48.8%
2024 · €5.5m
EBIT margin
18.0%▼ 36.5pp
2024 · 54.4%
Net result
€7.2m▲ 179%
2024 · €2.6m
Working capital
-€1.2m▲ 63.7%
2024 · -€3.3m
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result falls in 2025; 2025 is 83% below 2024 and is the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€2.8m
2025
Operating result€0.5m
2025
Net result€7.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€25.7m
2025
Equity€20.4m
2025
Debt€5.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin18.0%
2025
Return on assets (ROA)27.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency79.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.76
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1.6
2024
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€3.5m-€3.7m▲ 4.1%€3.3m▼ 9.4%€4.8m▲ 43.5%€5.4m▲ 12.0%€6.0m▲ 12.3%€5.5m▼ 8.9%€2.8m▼ 48.8%
Operating result€0.2m-€0.7m▲ 193%€0.8m▲ 10.7%€1.3m▲ 67.3%€1.9m▲ 43.3%€2.8m▲ 50.9%€3.0m▲ 7.2%€0.5m▼ 83.1%
Net result€2.3m-€0.5m▼ 77.8%-€1.6mbelow the sector's middle half-€0.007mbelow the sector's middle half▲ 99.5%€0.7mabove the sector's middle half€2.6mabove the sector's middle half▲ 254%€2.6mabove the sector's middle half▼ 3.0%€7.2mabove the sector's middle half▲ 179%
EBIT margin6.7%-18.9%▲ 12.2pp23.1%▲ 4.2pp26.9%▲ 3.8pp34.5%▲ 7.5pp46.3%▲ 11.8pp54.4%▲ 8.2pp18.0%▼ 36.5pp
Equity€13.6m-€13.7m▲ 1.2%€12.2mabove the sector's middle half▼ 11.4%€12.2mabove the sector's middle half▼ 0.1%€12.9mabove the sector's middle half▲ 6.1%€15.6mabove the sector's middle half▲ 20.4%€18.1mabove the sector's middle half▲ 16.5%€20.4mabove the sector's middle half▲ 12.4%
Total assets€24.0m-€24.7m▲ 3.0%€22.8mabove the sector's middle half▼ 7.9%€22.1mabove the sector's middle half▼ 2.9%€23.9mabove the sector's middle half▲ 8.0%€25.4mabove the sector's middle half▲ 6.3%€26.1mabove the sector's middle half▲ 2.9%€25.7mabove the sector's middle half▼ 1.8%
Debt€10.4m-€11.0m▲ 5.3%€10.6m▼ 3.6%€9.8m▼ 7.5%€11.0m▲ 12.1%€9.8m▼ 10.4%€8.0m▼ 19.0%€5.2m▼ 35.3%
Working capital-€4.9m--€6.1m▼ 25.6%-€8.2mbelow the sector's middle half▼ 34.6%-€7.5mbelow the sector's middle half▲ 8.2%-€7.6mbelow the sector's middle half▼ 0.3%-€4.8mbelow the sector's middle half▲ 36.5%-€3.3mbelow the sector's middle half▲ 31.2%-€1.2mbelow the sector's middle half▲ 63.7%
Solvency56.6%-55.6%▼ 1.0pp53.5%within the sector's middle half▼ 2.1pp55.0%within the sector's middle half▲ 1.5pp54.0%within the sector's middle half▼ 1.0pp61.3%within the sector's middle half▲ 7.2pp69.3%within the sector's middle half▲ 8.0pp79.3%above the sector's middle half▲ 10.0pp
Current ratio0.40-0.36▼ 0.040.22below the sector's middle half▼ 0.140.23below the sector's middle half▲ 0.010.27below the sector's middle half▲ 0.040.48below the sector's middle half▲ 0.210.56below the sector's middle half▲ 0.080.76below the sector's middle half▲ 0.20
Return on assets (ROA)9.4%-2.0%▼ 7.4pp-6.9%below the sector's middle half▼ 8.9pp0.0%below the sector's middle half▲ 6.9pp3.1%within the sector's middle half▲ 3.2pp10.4%within the sector's middle half▲ 7.3pp9.8%within the sector's middle half▼ 0.6pp27.9%above the sector's middle half▲ 18.1pp
Staff (FTE)1.8-1.8=1.8below the sector's middle half=1.8below the sector's middle half=1.8below the sector's middle half=1.8below the sector's middle half=1.6below the sector's middle half▼ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25.7m
Fixed assets
€21.9m ▼ 0.1%
Current assets
€3.8m ▼ 10.5%
Equity and liabilities €25.7m
Equity
€20.4m ▲ 12.4%
Provisions
€145,000 ▲ 164%
Debt
€5.2m ▼ 35.3%
Debt's share of the balance-sheet total falls from 30.5% to 20.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€528,301▼
2024 · €3.1m
Cash flow
€7.2m▲
2024 · €2.6m
Debt to equity
0.25▼
2024 · 0.44
ROE
35.1%▲
2024 · 14.1%
Interest coverage
6.43▼
2024 · 9.53
Debt ≤ 1 year
€5.0m▼
2024 · €7.6m
Debt > 1 year
€32,802▼
2024 · €237,106
Income taxes
€29,693▼
2024 · €132,646
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €5.4m | €6.0m | €6.6m | €6.2m | €3.2m | ▼ 47.9% |
| Turnover70 | €3.5m | €3.7m | €3.3m | €4.8m | €5.4m | €6.0m | €5.5m | €2.8m | ▼ 48.8% |
| Other operating income74 | - | - | - | €0.6m | €0.7m | €0.6m | €0.7m | €0.4m | ▼ 39.8% |
| Non-recurring operating income76A | - | - | - | - | €0.02m | €0 | €0.01m | - | - |
| Operating charges60/66A | - | - | - | €4.1m | €4.2m | €3.8m | €3.2m | €2.7m | ▼ 14.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | €0.003m | - | - |
| Purchases600/8 | - | - | - | - | - | - | €0.003m | - | - |
| Services and other goods61 | - | - | - | €3.4m | €3.7m | €3.4m | €2.8m | €2.6m | ▼ 8.6% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.06m | €0.02m | ▼ 64.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.2m | €0.04m | €0 | - | -€0.2m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.2m | -€0.2m | €0 | €0.06m | €0.09m | ▲ 63.6% |
| Other operating charges640/8 | - | - | - | €0.07m | €0.3m | €0.08m | €0.08m | €0.2m | ▲ 172% |
| Non-recurring operating charges66A | - | - | - | - | €0.001m | €0.01m | €0.006m | - | - |
| Operating profit (loss)9901 | €0.2m | €0.7m | €0.8m | €1.3m | €1.9m | €2.8m | €3.0m | €0.5m | ▼ 83.1% |
| Financial income75/76B | - | - | - | €0.02m | €0.02m | €0.6m | €0.09m | €6.9m | ▲ 7,580% |
| Recurring financial income75 | €2.8m | €0.001m | €0.006m | €0.02m | €0.02m | €0.6m | €0.09m | €6.9m | ▲ 7,566% |
| Income from financial fixed assets750 | - | - | - | - | - | €0.6m | €0 | €6.8m | - |
| Income from current assets751 | - | - | - | €0.01m | €0.02m | €0 | €0.09m | €0.09m | ▲ 3.0% |
| Other financial income752/9 | - | - | - | €0.006m | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €0.01m | - |
| Financial charges65/66B | - | - | - | €1.3m | €1.1m | €0.5m | €0.4m | €0.2m | ▼ 45.8% |
| Recurring financial charges65 | €0.7m | €0.2m | €1.2m | €0.9m | €1.1m | €0.5m | €0.4m | €0.2m | ▼ 59.2% |
| Debt charges650 | €0.4m | €0.1m | €0.1m | €0.1m | €0.1m | €0.4m | €0.3m | €0.08m | ▼ 74.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €0.8m | €1.0m | €0.1m | €0.004m | -€0.6m | ▼ 13,196% |
| Other financial charges652/9 | - | - | - | €0.007m | €0.01m | €0.04m | €0.06m | €0.6m | ▲ 900% |
| Non-recurring financial charges66B | - | - | - | €0.4m | - | - | - | €0.05m | - |
| Profit (loss) for the period before taxes9903 | €2.3m | €0.5m | -€1.6m | €0.05m | €0.8m | €2.8m | €2.7m | €7.2m | ▲ 167% |
| Income taxes67/77 | - | - | - | €0.05m | €0.01m | €0.2m | €0.1m | €0.03m | ▼ 77.6% |
| Taxes670/3 | - | - | - | €0.05m | €0.06m | €0.2m | €0.1m | €0.03m | ▼ 77.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.05m | €0.01m | €0 | - | - |
| Profit (loss) for the period9904 | €2.3m | €0.5m | -€1.6m | -€0.007m | €0.7m | €2.6m | €2.6m | €7.2m | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | €2.3m | €0.5m | -€1.6m | -€0.007m | €0.7m | €2.6m | €2.6m | €7.2m | ▲ 179% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €24.0m | €24.7m | €22.8m | €22.1m | €23.9m | €25.4m | €26.1m | €25.7m | ▼ 1.8% |
| Fixed assets21/28 | €20.8m | €21.3m | €20.4m | €19.9m | €21.1m | €21.0m | €21.9m | €21.9m | ▼ 0.1% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €0.6m | €0.4m | €0.3m | €0.1m | €0.09m | €0.06m | ▼ 27.0% |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.3m | €0.1m | €0.09m | €0.06m | ▼ 27.0% |
| Leasing and similar rights25 | - | - | - | €0 | - | €0 | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €0.002m | €499 | €0 | - | - | - |
| Financial fixed assets28 | €19.9m | €20.4m | €19.8m | €19.4m | €20.8m | €20.8m | €21.8m | €21.8m | = |
| Affiliated companies280/1 | - | - | - | €19.4m | €20.8m | €20.8m | €21.8m | €21.8m | = |
| Participating interests280 | - | - | - | €19.4m | €20.8m | €20.8m | €21.8m | €21.8m | = |
| Other financial fixed assets284/8 | - | - | - | €0.05m | €0.05m | €0.05m | €0.001m | €0.001m | ▲ 25.0% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.05m | €0.05m | €0.05m | €0.001m | €0.001m | ▲ 25.0% |
| Current assets29/58 | €3.2m | €3.4m | €2.4m | €2.3m | €2.8m | €4.4m | €4.3m | €3.8m | ▼ 10.5% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €1.4m | €2.2m | €1.3m | €0.8m | €1.5m | €2.9m | €2.4m | €2.1m | ▼ 12.5% |
| Trade receivables40 | - | - | - | €0.7m | €0.9m | €1.9m | €1.3m | €0.9m | ▼ 26.5% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.6m | €0.9m | €1.1m | €1.2m | ▲ 3.2% |
| Current investments50/53 | €0.6m | €0.8m | €0.9m | €1.1m | €1.1m | €1.0m | €0.9m | €1.0m | ▲ 17.1% |
| Own shares50 | - | - | - | €1.1m | €1.1m | €1.0m | €0.9m | - | - |
| Other investments51/53 | - | - | - | - | - | - | - | €1.0m | - |
| Cash at bank and in hand54/58 | €1.1m | €0.4m | €0.04m | €0.3m | €0.2m | €0.5m | €0.9m | €0.7m | ▼ 28.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.05m | €0.06m | €0.08m | €0.05m | ▼ 35.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €24.0m | €24.7m | €22.8m | €22.1m | €23.9m | €25.4m | €26.1m | €25.7m | ▼ 1.8% |
| Equity10/15 | €13.6m | €13.7m | €12.2m | €12.2m | €12.9m | €15.6m | €18.1m | €20.4m | ▲ 12.4% |
| Contributions10/11 | €8.4m | €8.7m | €8.7m | €9.3m | €9.3m | €9.3m | €9.3m | €9.3m | = |
| Capital10 | - | - | - | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Issued capital100 | - | - | - | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Outside capital11 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Share premium1100/10 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.4m | €1.4m | €1.6m | €1.7m | €1.1m | ▼ 35.1% |
| Non-distributable reserves130/1 | - | - | - | €1.4m | €1.4m | €1.5m | €1.5m | €0.9m | ▼ 40.8% |
| Legal reserve130 | - | - | - | €0.3m | €0.4m | €0.5m | €0.6m | €0.9m | ▲ 40.9% |
| Own shares acquired1312 | - | - | - | €1.1m | €1.1m | €1.0m | €0.9m | - | - |
| Distributable reserves133 | - | - | - | - | €0.04m | €0.08m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €3.6m | €3.1m | €1.6m | €1.5m | €2.2m | €4.7m | €7.1m | €10.0m | ▲ 40.2% |
| Provisions and deferred taxes16 | - | - | - | €0.2m | - | - | €0.06m | €0.1m | ▲ 164% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | - | - | €0.06m | €0.1m | ▲ 164% |
| Other liabilities and charges164/5 | - | - | - | €0.2m | - | - | €0.06m | €0.1m | ▲ 164% |
| Amounts payable17/49 | €10.4m | €11.0m | €10.6m | €9.8m | €11.0m | €9.8m | €8.0m | €5.2m | ▼ 35.3% |
| Amounts payable after more than one year17 | €2.3m | €1.4m | - | - | €0.6m | €0.4m | €0.2m | €0.03m | ▼ 86.2% |
| Financial debts170/4 | - | - | - | - | €0.6m | €0.4m | €0.2m | €0.03m | ▼ 86.2% |
| Credit institutions173 | - | - | - | - | €0.6m | €0.4m | €0.2m | €0.03m | ▼ 86.2% |
| Amounts payable within one year42/48 | €8.1m | €9.5m | €10.6m | €9.8m | €10.3m | €9.2m | €7.6m | €5.0m | ▼ 33.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Trade debts44 | €0.5m | €0.5m | €0.9m | €0.7m | €1.0m | €0.8m | €0.4m | €0.6m | ▲ 42.0% |
| Suppliers440/4 | - | - | - | €0.7m | €1.0m | €0.8m | €0.4m | €0.6m | ▲ 42.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.09m | €0.5m | €0.2m | €0.1m | ▼ 41.6% |
| Taxes450/3 | - | - | - | €0.05m | €0.07m | €0.4m | €0.2m | €0.1m | ▼ 33.4% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.02m | €0.03m | €0.03m | - | - |
| Other amounts payable47/48 | - | - | - | €9.0m | €9.1m | €7.8m | €6.7m | €4.1m | ▼ 39.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.02m | €0.2m | €0.2m | €0.1m | ▼ 34.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.3m | €0.5m | -€1.6m | -€0.007m | €0.7m | €2.6m | €2.6m | €7.2m | ▲ 179% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.06m | €0.02m | ▼ 64.4% |
| Operating cash flow (approximation) | €2.4m | €0.7m | -€1.4m | €0.2m | €0.9m | €2.7m | €2.6m | €7.2m | ▲ 174% |
| Investment in fixed assets (approximation) | - | -€0.7m | €0.7m | €0.4m | -€1.5m | €0.08m | -€1.0m | €0.001m | ▲ 100% |
| Change in cash | - | -€0.7m | -€0.3m | €0.2m | -€0.1m | €0.3m | €0.4m | -€0.3m | ▼ 163% |
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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Subsidies and aid
Flemish government
2023 · 1 entry · €5,910 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | €0 | €5,910 |