Age4 yrs
Real estate1 parcel · 1.2 ha
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of LOWKEY is 1.4% (low). The 2025 annual accounts show equity of €299k and a net result of €-8k. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 95% of 443 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Signals
1 signal · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 443 peers (2025). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest 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 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-06-2025 | 31-01-2026 | 30-01-2026 | 1 d early | 2026-00020520 |
| 30-06-2024 | 31-01-2025 | 31-01-2025 | on the day | 2025-00018969 |
| 30-06-2023 | 31-01-2024 | 30-01-2024 | 1 d early | 2024-00011186 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.4%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Multiple establishment units
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-8k
Working capital€294k-1.6%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~28%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 74 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 97.6% | 53.8% | |
| Net result | €-8k | €16k | |
| Equity | €299k | €38k | |
| Gross operating margin | €-11k | €32k | |
| Total assets | €307k | €84k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P95
Stable position over 2023-2025
· n=443-1480
P12
Weakening position over 2023-2025
· n=443-1482
P95
Stable position over 2023-2025
· n=443-1482
P5
Weakening position over 2023-2025
· n=443-1480
Describes the position versus peers, not a forecast.
€-11k
-
23-25
€-8k
-
23-25
€-4k
-
23-25
€307k
-6.4%
23-25
€299k
-2.6%
23-25
€294k
-1.6%
23-25
€53k
+43.7%
23-25
€7k
-63.8%
23-25
€7k
-63.8%
23-25
41.21
+160.9%
23-25
40.67
+160.7%
23-25
97.6%
+4.0%
23-25
0.02
-62.8%
23-25
-2.7%
-
23-25
-2.6%
-
23-25
-97.14
-
23-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-11k |
| Net profit | €-8k |
| Cash flow | €-4k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €307k |
| Equity | €299k |
| Debt | €7k |
| of which ≤ 1y | €7k |
| of which > 1y | - |
| Working capital | €294k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 41.21 |
| Quick ratio | 40.67 |
| Working capital ratio | 95.8% |
| Solvency | 97.6% |
| Debt / equity | 0.02 |
| Long-term debt ratio | - |
| Interest coverage | -97.14 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.6% |
| ROE | -2.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €307k |
| Fixed assets | 21/28 | €6k |
| Tangible fixed assets | 22/27 | €6k |
| Current assets | 29/58 | €301k |
| Stocks & contracts in progress | 3 | €4k |
| Amounts receivable within one year | 40/41 | €120k |
| Cash & bank | 54/58 | €177k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €307k |
| Equity | 10/15 | €299k |
| Contributions / capital | 10/11 | €4k |
| Reserves | 13 | €295k |
| Amounts payable | 17/49 | €7k |
| Amounts payable within one year | 42/48 | €7k |
| Trade debts payable within one year | 44 | €249 |
| Income statement | ||
| Gross operating margin | 9900 | €-11k |
| Operating result | 9901 | €-15k |
| Financial income | 75 | €7k |
| Financial charges | 65 | €112 |
| Result before taxes | 9903 | €-8k |
| Net result for the period | 9904 | €-8k |
| Result to be appropriated | 9905 | €-8k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Try 171480 TubizeEstablishment units
3 locationsFox Troll Games
since 20222.334.036.863
Fox Troll Games
since 20222.362.760.543
Woodblaze
since 20222.362.760.840
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.2 ha
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105E0434/00_000 | Wallonia | 1.2 ha | - | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts Company purpose
et objet, tant en Belgique qu'à l'étranger, pour compte propre ou pour compte de tiers, ou en participation avec ceux-ci : - le conseil en édition, en design et en marketing de tout type de jeux
Per act of 03-06-2026
Capital history · 1
03-06-2026
Founding capital: amount: 2000.0, currency: EUR
Address history · 1
08-04-2026
Seat change: new: Rue du Try 17 à 1480 Tubize, old: Avenue de Jette 155/3 à 1090 Jette, effective_date: 2025-12-20
All acts · 3
updated 2 months ago
2026
03-06-2026 Notarial deed · Incorporation · Founder · Financial plan submission
- Publication: 2026-06-03 · Fox Troll Games
- Filing: 2026-06-01 · Fox Troll Games
- Notarial deed: 2026-06-01 · Fox Troll Games
- Incorporation: 2026-06-01 · Fox Troll Games
- Founder · Fox Troll Games
- Founder · Fox Troll Games
- Financial plan submission · Fox Troll Games
- Founding capital: amount: 2000.0, currency: EUR · Fox Troll Games
- Share distribution: type: actions nominatives, number: 100, liberation: totalement libérées · Fox Troll Games
- Bank account: BE16 0020 3246 7874 · Fox Troll Games
- Officer appointment: role: administrateur, duration: durée illimitée · Fox Troll Games
- Officer appointment: role: administrateur, duration: durée illimitée · Fox Troll Games
- Permanent representative · INOLUD
- Permanent representative · LOWKEY
- Mandate compensation: gratuit · Fox Troll Games
- Representation rule: individuellement · Fox Troll Games
- Auditor waiver · Fox Troll Games
- First fiscal year: end: 2026-12-31, start: 2026-06-01 · Fox Troll Games
- Annual meeting schedule: 2027-06-28 · Fox Troll Games
- Pre incorporation ratification: 2026-01-01 · Fox Troll Games
- Power of attorney · Fox Troll Games
- Power of attorney · Fox Troll Games
- Purpose: et objet, tant en Belgique qu'à l'étranger, pour compte propre ou pour compte de tiers, ou en participation avec ceux-ci : - le conseil en édition, en design et en marketing de tout type de jeux
- Act object: CONSTITUTION
Summary:
Notarial deed · Incorporation · Founder · Financial plan submission
08-04-2026 Act object · Seat change · General meeting · Officer appointment
- Act object: Transfert du siège social · Lowkey
- Filing: 2026-03-31 · Lowkey
- Publication: 2026-04-08 · Lowkey
- Seat change: new: Rue du Try 17 à 1480 Tubize, old: Avenue de Jette 155/3 à 1090 Jette, effective_date: 2025-12-20 · Lowkey
- General meeting: 2025-12-20 · Lowkey
- Officer appointment: administrateur · Barthelemy Adrien
Summary:
Act object · Seat change · General meeting · Officer appointment
2022
18-07-2022 Incorporation of a new SRL
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes60
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
52
Stability
94
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Credit advice
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We hold annual accounts for 345 of the 6,320 companies in this sector. 171 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van grafische designers74103Grafisch ontwerp en visuele communicatie74120Vervaardiging van andere artikelen van hout16281Vervaardiging van andere artikelen van hout16291Prepress- en premediadiensten18130Prepress- en premediadiensten18130Detailhandel in cultuur- en recreatieartikelen, neg47690Detailhandel in nieuwe kunstvoorwerpen in gespecialiseerde winkels47787Webportalen63120Activiteiten van webportalen63910Scheppende kunsten, m.u.v. ondersteunende diensten90031Literaire creatie90111
Primary activity highlighted.
Names & trade names
| Legal nameFR | LOWKEY |
Registered office
Rue du Try 17
1480 Tubize, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.