KEIFENS
ActiveThe file of KEIFENS contains 5 judicial reorganisations, as published in the Belgian State Gazette. The annual accounts of KEIFENS for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show equity of €34k and a net result of €-44k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 27619 sector peers (fiscal year 2025).
Checked score
Score 2025
6
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-32
Solvency33▼-3
Growth32▼-46
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.03 against 1.09 in 2024; short-term debt: 89.7% and cash: 0.5% of total assets), and 92.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
7.6%
Return on assets
-10%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 27619 sector peers (2025).
NBB · sector comparisonPosition among 27619 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
61 d late
2022
59 d late
2021
64 d late
2020
89 d late
2019
122 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▼ 56.8%
2024 · €78k
2018: €57k
2019: €59k
2020: €52k
2021: €59k
2022: €60k
2023: €72k
2024: €78k
2018 → 2025
Total assets
€444k▼ 39.1%
2024 · €730k
2018: €394k
2019: €312k
2020: €350k
2021: €533k
2022: €466k
2023: €393k
2024: €730k
2018 → 2025
Net result
€-44k
2024 · €5k
2018: €-499
2019: €2k
2020: €-7k
2021: €7k
2022: €1k
2023: €12k
2024: €5k
2018 → 2025
Working capital
€12k▼ 78.8%
2024 · €57k
2018: €36k
2019: €46k
2020: €20k
2021: €35k
2022: €51k
2023: €31k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€60k▲ 2.2%€72k▲ 20.6%€78k▲ 7.6%€34k▼ 56.8%
Operating result€22k-€25k▲ 13.2%€115k▲ 363%€18k▼ 84.2%€-18k
Net result€7k-€1k▼ 81.3%€12k▲ 839%€5k▼ 55.5%€-44k
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 €18k after €18k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €444k
Fixed assets
€34k▼ 1.7%
Current assets
€411k▼ 41.0%
Equity and liabilities €444k
Equity
€34k▼ 56.8%
Debt
€411k▼ 37.0%
The debt ratio rises from 89.3% to 92.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2024 · €28k
Cash flow
€-34k▼
2024 · €15k
Solvency
7.6%▼
2024 · 10.7%
Current ratio
1.03▼
2024 · 1.09
Quick ratio
0.82▼
2024 · 0.94
Debt / equity
12.23▲
2024 · 8.38
ROE
-131.7%▼
2024 · 7.1%
ROA
-10.0%▼
2024 · 0.8%
Interest coverage
-0.39▼
2024 · 2.17
Debt
€411k▼
2024 · €652k
Debt ≤ 1 year
€398k▼
2024 · €639k
Debt > 1 year
€8k▼
2024 · €13k
Income taxes
€651
Staff costs
€305k▼
2024 · €361k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€730k€444k▼
Fixed assets21/28€34k€34k▼
Tangible fixed assets22/27€34k€34k▼
Plant, machinery and equipment23€49-
Furniture and vehicles24€23k€21k▼
Other tangible fixed assets26€11k€13k▲
Current assets29/58€696k€411k▼
Stocks and contracts in progress3€97k€82k▼
Stocks30/36€97k€82k▼
Amounts receivable within one year40/41€597k€322k▼
Trade receivables40€583k€317k▼
Other amounts receivable41€14k€5k▼
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1€881€4k▲
Equity and liabilities
Total equity and liabilities10/49€730k€444k▼
Equity10/15€78k€34k▼
Contributions10/11€6k€6k=
Reserves13€11k€11k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€61k€17k▼
Amounts payable17/49€652k€411k▼
Amounts payable after more than one year17€13k€8k▼
Financial debts170/4€13k€8k▼
Amounts payable within one year42/48€639k€398k▼
Current portion of amounts payable after more than one year42€6k€6k▼
Financial debts43€25k€30k▲
Credit institutions430/8€25k€30k▲
Trade debts44€459k€221k▼
Suppliers440/4€459k€188k▼
Bills of exchange payable441-€33k
Taxes, remuneration and social security45€110k€104k▼
Taxes450/3€39k€18k▼
Remuneration and social security454/9€70k€85k▲
Other amounts payable47/48€39k€38k▼
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€361k€305k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€2k▼
Other operating charges640/8€5k€25k▲
Non-recurring operating charges66A-€18k
Gross operating margin9900€403k€342k▼
Operating profit (loss)9901€18k€-18k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€2k€685▼
Non-recurring financial income76B€2k€1k▼
Financial charges65/66B€16k€27k▲
Recurring financial charges65€13k€21k▲
Non-recurring financial charges66B€3k€7k▲
Profit (loss) for the period before taxes9903€5k€-44k▼
Income taxes67/77-€651
Profit (loss) for the period9904€5k€-44k▼
Profit (loss) for the period to be appropriated9905€5k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€17k▼
Profit (loss) brought forward from the previous period14P€55k€61k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · 20250062 · event 21-08-2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
29-05
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collectif · event 26-05-2026
03-03
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collectif · event 26-02-2026
2025
31-12
Financial
Weakest financial yearnet €-44k ▼905%
Net result drops to €-44k, the lowest in the series.
23-12
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collectif · event 18-12-2025
03-09
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collectif · event 28-08-2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €12k ▲839%
Operating result €115k, net result €12k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
10-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 102 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Flémalle · 1 establishment unit since 2008
Cannot 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.
Route de Souxhon(Flh) 3164400 FlémalleGround area
633 m²
Building footprint
105 m²
Parcel 62036A0866/00S000, Wallonia. Linked by address, not a title deed.
1 establishment unit
KEIFENS SPRL
since 20082.226.390.916
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62036A0866/00S000 | Wallonia | 633 m² | 1 · 105 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Legal Entity Identifier
254900RSHUKLTVRE0Q82
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BATI CRIS
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Of 15,536 companies in sector 43990 we hold annual accounts for 7,421. 5,786 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2006
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43999Specialised construction activities
45250
42220Construction of utility projects for electricity and telecommunications
43230Insulation installation
43291Specialised construction activities
43332Laying of wooden floor and wall coverings
43350Other building finishing work
45215
45432
74700
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.