La Clé
ActiveSummary
La Clé has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of -€25,897. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 94% of 691 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability67=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 4.15 against 3.5 in 2023; short-term debt: 14.5% and cash: 4.3% of total assets), and 14.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2024Solvency, return and age of the figures
Solvency
85.5%
Return on assets
-1.4%
Age of the figures
21 mo
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
8 d early
2022
34 d early
2021
19 d early
2020
33 d early
2019
38 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 28 days before the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 24% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#6 oldest company in Schaarbeek, Health and social work sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€25,897▲ 25.1%
2023 · -€34,594
Working capital
€852,273▼ 0.8%
2023 · €859,469
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 87, Residential care 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-€9,961▲ 37.2%-€23,579▼ 137%-€34,522▼ 46.4%-€46,316▼ 34.2%-€49,679▼ 7.3%
Net result-€10,357below the sector's middle half▲ 69.9%-€3,026within the sector's middle half▲ 70.8%€7,675within the sector's middle half-€34,594within the sector's middle half-€25,897within the sector's middle half▲ 25.1%
Equity€1.7mabove the sector's middle half▼ 1.9%€1.7mabove the sector's middle half▼ 1.4%€1.7mabove the sector's middle half▲ 0.4%€1.6mabove the sector's middle half▼ 3.2%€1.6mabove the sector's middle half▼ 3.1%
Total assets€2.0mwithin the sector's middle half▼ 1.1%€2.0mwithin the sector's middle half▼ 0.1%€2.0mwithin the sector's middle half▲ 0.9%€2.0mwithin the sector's middle half▼ 1.3%€1.9mwithin the sector's middle half▼ 6.3%
Debt€282,395▲ 15.6%€304,267▲ 7.7%€317,124▲ 4.2%€345,352▲ 8.9%€270,698▼ 21.6%
Working capital€777,085▼ 1.0%€813,725▲ 4.7%€868,974▲ 6.8%€859,469▼ 1.1%€852,273▼ 0.8%
Solvency85.9%above the sector's middle half▼ 0.7pp84.7%above the sector's middle half▼ 1.1pp84.2%above the sector's middle half▼ 0.5pp82.6%above the sector's middle half▼ 1.6pp85.5%above the sector's middle half▲ 2.8pp
Staff (FTE)32within the sector's middle half▲ 18.5%30within the sector's middle half▼ 6.3%30within the sector's middle half=29within the sector's middle half▼ 3.3%28.8within the sector's middle half▼ 0.7%
above
within
below
the middle half (P25 to P75) of NACE 87, Residential care activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €49,679 in 2024 against €46,316 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€737,975 ▼ 5.8%
Current assets
€1.1m ▼ 6.7%
Equity and liabilities €1.9m
Equity
€1.6m ▼ 3.1%
Debt
€270,698 ▼ 21.6%
Debt's share of the balance-sheet total falls from 17.4% to 14.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€22,213▼
2023 · €28,355
Cash flow
€45,995▲
2023 · €40,077
Current ratio
4.15▲
2023 · 3.50
Debt to equity
0.17▼
2023 · 0.21
ROE
-1.6%▲
2023 · -2.1%
ROA
-1.4%▲
2023 · -1.7%
Interest coverage
25.77▼
2023 · 33.52
Debt ≤ 1 year
€270,698▼
2023 · €343,752
Staff costs
€1.8m▲
2023 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,058 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% | 1.6% |
| 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 8,594 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 | - | €1.6m | €1.6m | €1.8m | €1.8m | ▲ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,324 | €70,446 | €66,968 | €74,671 | €71,892 | ▼ 3.7% |
| Other operating charges640/8 | - | €5,237 | €6,185 | €6,197 | €7,104 | ▲ 14.6% |
| Gross operating margin9900 | €1.5m | €1.6m | €1.7m | €1.8m | €1.8m | ▲ 0.8% |
| Operating profit (loss)9901 | -€9,961 | -€23,579 | -€34,522 | -€46,316 | -€49,679 | ▼ 7.3% |
| Financial income75/76B | - | €22,876 | €42,862 | €12,568 | €24,644 | ▲ 96.1% |
| Recurring financial income75 | €2,218 | €6,088 | €13,116 | €8,975 | €24,644 | ▲ 175% |
| Non-recurring financial income76B | - | €16,788 | €29,746 | €3,593 | - | - |
| Financial charges65/66B | - | €2,323 | €665 | €846 | €862 | ▲ 1.9% |
| Recurring financial charges65 | €2,715 | €2,323 | €665 | €846 | €862 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | -€10,357 | -€3,026 | €7,675 | -€34,594 | -€25,897 | ▲ 25.1% |
| Profit (loss) for the period9904 | -€10,357 | -€3,026 | €7,675 | -€34,594 | -€25,897 | ▲ 25.1% |
| Profit (loss) for the period to be appropriated9905 | -€10,357 | -€3,026 | €7,675 | -€34,594 | -€25,897 | ▲ 25.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.0m | €2.0m | €2.0m | €1.9m | ▼ 6.3% |
| Fixed assets21/28 | €936,780 | €876,249 | €826,939 | €783,612 | €737,975 | ▼ 5.8% |
| Tangible fixed assets22/27 | €936,149 | €875,016 | €825,891 | €782,877 | €736,973 | ▼ 5.9% |
| Land and buildings22 | - | €832,080 | €780,716 | €729,351 | €692,734 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €36,787 | €34,189 | €41,723 | €35,144 | ▼ 15.8% |
| Furniture and vehicles24 | - | €6,149 | €10,986 | €11,803 | €9,095 | ▼ 22.9% |
| Financial fixed assets28 | €631 | €1,233 | €1,048 | €735 | €1,002 | ▲ 36.3% |
| Current assets29/58 | €1.1m | €1.1m | €1.2m | €1.2m | €1.1m | ▼ 6.7% |
| Amounts receivable within one year40/41 | €256,400 | €386,681 | €398,579 | €404,656 | €388,597 | ▼ 4.0% |
| Trade receivables40 | - | €317,401 | €303,677 | €341,039 | €370,733 | ▲ 8.7% |
| Other amounts receivable41 | - | €69,280 | €94,902 | €63,617 | €17,864 | ▼ 71.9% |
| Current investments50/53 | €501,431 | €644,740 | €625,076 | €611,978 | €633,589 | ▲ 3.5% |
| Cash at bank and in hand54/58 | €296,663 | €73,551 | €155,317 | €164,022 | €79,727 | ▼ 51.4% |
| Deferred charges and accrued income490/1 | - | €13,020 | €7,126 | €22,565 | €21,058 | ▼ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.0m | €2.0m | €2.0m | €1.9m | ▼ 6.3% |
| Equity10/15 | €1.7m | €1.7m | €1.7m | €1.6m | €1.6m | ▼ 3.1% |
| Contributions10/11 | - | - | - | - | €879,125 | - |
| Capital10 | - | - | - | - | €879,125 | - |
| Reserves13 | - | €555,122 | €555,122 | €555,122 | €555,122 | = |
| Profit (loss) carried forward14 | -€34,267 | -€37,293 | -€29,618 | -€64,213 | -€90,110 | ▼ 40.3% |
| Investment grants15 | - | €293,020 | €291,284 | €271,447 | €246,111 | ▼ 9.3% |
| Amounts payable17/49 | €282,395 | €304,267 | €317,124 | €345,352 | €270,698 | ▼ 21.6% |
| Amounts payable within one year42/48 | €282,395 | €304,267 | €317,124 | €343,752 | €270,698 | ▼ 21.3% |
| Trade debts44 | €8,327 | €7,100 | €16,688 | €39,833 | €729 | ▼ 98.2% |
| Suppliers440/4 | - | €7,100 | €16,688 | €39,833 | €729 | ▼ 98.2% |
| Taxes, remuneration and social security45 | - | €278,630 | €273,410 | €278,832 | €235,005 | ▼ 15.7% |
| Taxes450/3 | - | €45,528 | €24,975 | €29,485 | €6,297 | ▼ 78.6% |
| Remuneration and social security454/9 | - | €233,102 | €248,435 | €249,347 | €228,708 | ▼ 8.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,600 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,357 | -€3,026 | €7,675 | -€34,594 | -€25,897 | ▲ 25.1% |
| + Depreciation and write-downs630 | €78,324 | €70,446 | €66,968 | €74,671 | €71,892 | ▼ 3.7% |
| Operating cash flow (approximation) | €67,967 | €67,420 | €74,643 | €40,077 | €45,995 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | -€9,915 | -€17,658 | -€31,344 | -€26,255 | ▲ 16.2% |
| Change in cash | - | -€223,112 | €81,766 | €8,705 | -€84,295 | ▼ 1,068% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€34,594
Net result drops to -€34,594, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €7,675
Net result €7,675 after 3 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 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
20 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, Schaarbeek · 1 establishment unit since 2006
Ground area
574 m²
Building footprint
266 m²
Volume, LiDAR
4,110 m³
Parcel 21905C0056/00Y002, Brussels · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
La Clé
since 20062.155.281.503
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0056/00Y002 | Brussels | 574 m² | 1 · 266 m² | 18.3 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.155.281.503
Legal Entity Identifier
875500RXQGCC0DNH3J18
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Of 63 companies in sector 87201 we hold annual accounts for 60. 46 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded15-02-1973
Fiscal year end31-12
Activities, NACEBEL 2025
87201Residential care activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0413028176
Registered
16-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.