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LOWKEY

Active
Private limited companyfounded 20224 yrs activeRue du Try 17, 1480 Tubize, BelgiumKBO/BCE: BE 0788.587.828
Summary

The computed 12-month bankruptcy probability of LOWKEY is 2.7% (moderate). The 2025 annual accounts show equity of €299,297 and a net result of -€8,120. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 95% of 7097 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability15▼-85
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 41.21 against 15.8 in 2024; short-term debt: 2.4% and cash: 57.6% of total assets), and 2.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LOWKEY was incorporated on 14 July 2022 as a Private limited company.1 Total assets rose from EUR 148,434 in 2023 to EUR 306,603 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€299,297▼ 2.6%
2024 · €307,417
Total assets
€306,603▼ 6.4%
2024 · €327,605
Net result
-€8,120
2024 · €175,716
Working capital
€293,763▼ 1.6%
2024 · €298,690
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line202320242025
Operating result€164,820-€228,761▲ 38.8%-€14,536
Net result€127,700above the sector's middle half-€175,716above the sector's middle half▲ 37.6%-€8,120below the sector's middle half
Equity€131,700within the sector's middle half-€307,417above the sector's middle half▲ 133%€299,297above the sector's middle half▼ 2.6%
Total assets€148,434within the sector's middle half-€327,605within the sector's middle half▲ 121%€306,603within the sector's middle half▼ 6.4%
Debt€16,734-€20,188▲ 20.6%€7,306▼ 63.8%
Working capital€124,414above the sector's middle half-€298,690above the sector's middle half▲ 140%€293,763above the sector's middle half▼ 1.6%
Solvency88.7%above the sector's middle half-93.8%above the sector's middle half▲ 5.1pp97.6%above the sector's middle half▲ 3.8pp
Current ratio8.43above the sector's middle half-15.80above the sector's middle half▲ 7.3641.21above the sector's middle half▲ 25.41
Return on assets (ROA)86.0%above the sector's middle half-53.6%above the sector's middle half▼ 32.4pp-2.6%below the sector's middle half▼ 56.3pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2023: €164,820€164,820Net result 2023: €127,700€127,700Operating result 2024: €228,761€228,761Net result 2024: €175,716€175,716Operating result 2025: -€14,536-€14,536Net result 2025: -€8,120-€8,120202320242025-€100,000€0€100,000€200,000Operating result 2023: €164,820€165,000Net result 2023: €127,700€128,000Operating result 2024: €228,761€229,000Net result 2024: €175,716€176,000Operating result 2025: -€14,536-€14,500Net result 2025: -€8,120-€8,120202320242025
The operating result turns negative in 2025: a loss of €14,536 after €228,761 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €306,603
Fixed assets €5,534 ▼ 36.6%
Current assets €301,069 ▼ 5.6%
Equity and liabilities €306,603
Equity €299,297 ▼ 2.6%
Debt €7,306 ▼ 63.8%
Debt's share of the balance-sheet total falls from 6.2% to 2.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€10,880▼
2024 · €231,743
Cash flow
-€4,464▼
2024 · €178,698
Quick ratio
40.67▲
2024 · 15.60
Debt to equity
0.02▼
2024 · 0.07
ROE
-2.7%▼
2024 · 57.2%
Interest coverage
-97.14▼
2024 · 1147.24
Debt ≤ 1 year
€7,306▼
2024 · €20,188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,148 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
5.8% stopped otherwise
92% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,148 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€327,605€306,603▼
Fixed assets21/28€8,727€5,534▼
Tangible fixed assets22/27€8,727€5,534▼
Furniture and vehicles24€7,310€4,272▼
Other tangible fixed assets26€1,417€1,262▼
Current assets29/58€318,878€301,069▼
Stocks and contracts in progress3€3,937€3,937=
Stocks30/36€3,937€3,937=
Amounts receivable within one year40/41€100,025€120,382▲
Trade receivables40€5,989€363▼
Other amounts receivable41€94,036€120,019▲
Cash at bank and in hand54/58€213,594€176,750▼
Deferred charges and accrued income490/1€1,322-
Equity and liabilities
Total equity and liabilities10/49€327,605€306,603▼
Equity10/15€307,417€299,297▼
Contributions10/11€4,000€4,000=
Reserves13€303,417€295,297▼
Distributable reserves133€303,417€295,297▼
Amounts payable17/49€20,188€7,306▼
Amounts payable within one year42/48€20,188€7,306▼
Trade debts44€3,818€249▼
Suppliers440/4€3,818€249▼
Taxes, remuneration and social security45€16,370€7,057▼
Taxes450/3€16,370€7,057▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,982€3,656▲
Other operating charges640/8-€62
Gross operating margin9900€231,743-€10,818▼
Operating profit (loss)9901€228,761-€14,536▼
Financial income75/76B€206€6,528▲
Recurring financial income75€206€6,528▲
Financial charges65/66B€202€112▼
Recurring financial charges65€202€112▼
Profit (loss) for the period before taxes9903€228,765-€8,120▼
Income taxes67/77€53,049-
Profit (loss) for the period9904€175,716-€8,120▼
Profit (loss) for the period to be appropriated9905€175,716-€8,120▼
Appropriation of the result
Profit (loss) to be appropriated9906€175,716-€8,120▼
Transfer from equity791/2-€8,120
Transfer to equity691/2€175,716-
To other reserves6921€175,716-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,001€2,982€3,656▲ 22.6%
Other operating charges640/8€900-€62-
Gross operating margin9900€167,721€231,743-€10,818▼ 105%
Operating profit (loss)9901€164,820€228,761-€14,536▼ 106%
Financial income75/76B-€206€6,528▲ 3,069%
Recurring financial income75-€206€6,528▲ 3,069%
Financial charges65/66B€214€202€112▼ 44.6%
Recurring financial charges65€214€202€112▼ 44.6%
Profit (loss) for the period before taxes9903€164,606€228,765-€8,120▼ 104%
Income taxes67/77€36,906€53,049--
Profit (loss) for the period9904€127,700€175,716-€8,120▼ 105%
Profit (loss) for the period to be appropriated9905€127,700€175,716-€8,120▼ 105%
Line202320242025Change
Assets
Total assets20/58€148,434€327,605€306,603▼ 6.4%
Fixed assets21/28€7,286€8,727€5,534▼ 36.6%
Tangible fixed assets22/27€7,286€8,727€5,534▼ 36.6%
Furniture and vehicles24€7,286€7,310€4,272▼ 41.6%
Other tangible fixed assets26-€1,417€1,262▼ 10.9%
Current assets29/58€141,148€318,878€301,069▼ 5.6%
Stocks and contracts in progress3-€3,937€3,937=
Stocks30/36-€3,937€3,937=
Amounts receivable within one year40/41€22,974€100,025€120,382▲ 20.4%
Trade receivables40€21,852€5,989€363▼ 93.9%
Other amounts receivable41€1,122€94,036€120,019▲ 27.6%
Cash at bank and in hand54/58€116,785€213,594€176,750▼ 17.2%
Deferred charges and accrued income490/1€1,389€1,322--
Equity and liabilities
Total equity and liabilities10/49€148,434€327,605€306,603▼ 6.4%
Equity10/15€131,700€307,417€299,297▼ 2.6%
Contributions10/11€4,000€4,000€4,000=
Reserves13€127,700€303,417€295,297▼ 2.7%
Distributable reserves133€127,700€303,417€295,297▼ 2.7%
Amounts payable17/49€16,734€20,188€7,306▼ 63.8%
Amounts payable within one year42/48€16,734€20,188€7,306▼ 63.8%
Trade debts44€1,240€3,818€249▼ 93.5%
Suppliers440/4€1,240€3,818€249▼ 93.5%
Taxes, remuneration and social security45€12,825€16,370€7,057▼ 56.9%
Taxes450/3€12,825€16,370€7,057▼ 56.9%
Other amounts payable47/48€2,669---
Line202320242025Change
Profit (loss) for the period9904€127,700€175,716-€8,120▼ 105%
+ Depreciation and write-downs630€2,001€2,982€3,656▲ 22.6%
Operating cash flow (approximation)€129,701€178,698-€4,464▼ 102%
Investment in fixed assets (approximation)--€4,423-€463▲ 89.5%
Change in cash-€96,809-€36,844▼ 138%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
30-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial Weakest financial yearnet -€8,120
Net result drops to -€8,120, the lowest in the series.
30-06
Financial Liquidity triplescurrent ratio 41.21
Current ratio from 15.80 to 41.21; short-term debt falls from €20,188 to €7,306.
31-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial Highest result since 2023net €175,716 ▲37.6%
Operating result €228,761, net result €175,716, both a record.
30-06
Financial Equity above €200,000Eq €307,417 ▲133%
2 profitable years in a row build equity to €307,417.
30-01
NBB filing Annual accounts filed
fiscal year 2023 · micro 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, Tubize · 3 establishment units since 2022
seat establishment approximate All 3 establishment units on the map
Ground area
1.2 ha
Parcel 25105E0434/00_000, Wallonia. Linked by address, not a title deed.
3 establishment units
Fox Troll Games
Rue du Try 17, 1480 TubizeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20222.334.036.863
Fox Troll Games
Rue du Try 17b, 1480 TubizePublishing activities
since 20222.362.760.543
Woodblaze
Rue du Try 17c, 1480 TubizeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20222.362.760.840
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25105E0434/00_000 Wallonia 1.2 ha - -
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.

Similar companies · same sector, comparable size

Of 9,863 companies in sector 73110 we hold annual accounts for 3,758. 2,563 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
Founded14-07-2022
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
16281Manufacture of other wood products
18130Pre-press and pre-media services
47690Retail sale of other cultural and recreation goods
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
74120Graphic design and visual communication
90111Literary creation
Contact
E-mail info@lowkey.be
Website www.lowkey.beTubize
E-mail adrien@lowkey.beTubize
Phone 0473849024Tubize
Website www.foxtrollgames.comTubize
E-mail info@foxtrollgames.comTubize
Website www.woodblaze.comTubize
E-mail info@woodblaze.comTubize
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788587828
Also 9925:BE0788587828
Registered 04-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.