KETSTECH
ActiveSummary
KETSTECH has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €146k and a net result of €62k. Its solvency ranks better than 52% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency89▲+17
Growth52
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 2.21 in 2023; short-term debt: 22.9% and cash: 43.3% of total assets), and 35.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
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 18-03-2025, 135 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
135 d early
2023
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€146k▲ 71.9%
2023 · €85k
2023: €85k
2024: €146k▲ +71.9% vs 2023
2023 → 2024
Total assets
€228k▲ 25.8%
2023 · €181k
2023: €181k
2024: €228k▲ +25.8% vs 2023
2023 → 2024
Net result
€62k▼ 25.3%
2023 · €83k
2023: €83k
2024: €62k▼ -25.3% vs 2023
2023 → 2024
Working capital
€131k▲ 91.0%
2023 · €69k
2023: €69k
2024: €131k▲ +91.0% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€85k-€146k▲ 71.9%
2023: €85k
2024: €146k▲ +71.9% vs 2023
Operating result€117k-€79k▼ 32.7%
2023: €117k
2024: €79k▼ -32.7% vs 2023
Net result€83k-€62k▼ 25.3%
2023: €83k
2024: €62k▼ -25.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 33% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €228k
Fixed assets
€45k ▼ 20.2%
Current assets
€183k ▲ 46.5%
Equity and liabilities €228k
Equity
€146k ▲ 71.9%
Debt
€82k ▼ 14.9%
Debt's share of the balance-sheet total falls from 53.1% to 35.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91k▼
2023 · €124k
Cash flow
€74k▼
2023 · €90k
Current ratio
3.50▲
2023 · 2.21
Debt to equity
0.56▼
2023 · 1.13
ROE
42.3%▼
2023 · 97.4%
ROA
27.1%▼
2023 · 45.7%
Interest coverage
41.26▼
2023 · 117.27
Debt ≤ 1 year
€52k▼
2023 · €57k
Debt > 1 year
€29k▼
2023 · €40k
Income taxes
€16k▼
2023 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€181k€228k▲
Fixed assets21/28€56k€45k▼
Tangible fixed assets22/27€56k€45k▼
Furniture and vehicles24€3k€3k=
Leasing and similar rights25€54k€42k▼
Current assets29/58€125k€183k▲
Amounts receivable after more than one year29€60k€60k=
Other amounts receivable291€60k€60k=
Amounts receivable within one year40/41€16k€22k▲
Trade receivables40€16k€14k▼
Other amounts receivable41-€8k
Cash at bank and in hand54/58€49k€99k▲
Deferred charges and accrued income490/1€197€3k▲
Equity and liabilities
Total equity and liabilities10/49€181k€228k▲
Equity10/15€85k€146k▲
Contributions10/11€3k€3k=
Reserves13€82k€143k▲
Distributable reserves133€82k€143k▲
Amounts payable17/49€96k€82k▼
Amounts payable after more than one year17€40k€29k▼
Financial debts170/4€40k€29k▼
Amounts payable within one year42/48€57k€52k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€860€761▼
Suppliers440/4€860€761▼
Taxes, remuneration and social security45€41k€41k▼
Taxes450/3€41k€41k▼
Other amounts payable47/48€5k€750▼
Accrued charges and deferred income492/3-€131
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€12k▲
Other operating charges640/8€759€1k▲
Gross operating margin9900€124k€92k▼
Operating profit (loss)9901€117k€79k▼
Financial income75/76B€21€2k▲
Recurring financial income75€21€2k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€116k€78k▼
Income taxes67/77€33k€16k▼
Profit (loss) for the period9904€83k€62k▼
Profit (loss) for the period to be appropriated9905€83k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€62k▼
Transfer to equity691/2€82k€61k▼
To other reserves6921€82k€61k▼
Profit to be distributed694/7€800€750▼
Return on contributions (dividend)694€800€750▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €12k | ▲ 80.2% |
| Other operating charges640/8 | €759 | €1k | ▲ 55.0% |
| Gross operating margin9900 | €124k | €92k | ▼ 25.9% |
| Operating profit (loss)9901 | €117k | €79k | ▼ 32.7% |
| Financial income75/76B | €21 | €2k | ▲ 8,445% |
| Recurring financial income75 | €21 | €2k | ▲ 8,445% |
| Financial charges65/66B | €1k | €2k | ▲ 109% |
| Recurring financial charges65 | €1k | €2k | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €116k | €78k | ▼ 32.4% |
| Income taxes67/77 | €33k | €16k | ▼ 50.4% |
| Profit (loss) for the period9904 | €83k | €62k | ▼ 25.3% |
| Profit (loss) for the period to be appropriated9905 | €83k | €62k | ▼ 25.3% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €181k | €228k | ▲ 25.8% |
| Fixed assets21/28 | €56k | €45k | ▼ 20.2% |
| Tangible fixed assets22/27 | €56k | €45k | ▼ 20.2% |
| Furniture and vehicles24 | €3k | €3k | = |
| Leasing and similar rights25 | €54k | €42k | ▼ 21.2% |
| Current assets29/58 | €125k | €183k | ▲ 46.5% |
| Amounts receivable after more than one year29 | €60k | €60k | = |
| Other amounts receivable291 | €60k | €60k | = |
| Amounts receivable within one year40/41 | €16k | €22k | ▲ 35.5% |
| Trade receivables40 | €16k | €14k | ▼ 13.2% |
| Other amounts receivable41 | - | €8k | - |
| Cash at bank and in hand54/58 | €49k | €99k | ▲ 101% |
| Deferred charges and accrued income490/1 | €197 | €3k | ▲ 1,479% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €181k | €228k | ▲ 25.8% |
| Equity10/15 | €85k | €146k | ▲ 71.9% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €82k | €143k | ▲ 74.5% |
| Distributable reserves133 | €82k | €143k | ▲ 74.5% |
| Amounts payable17/49 | €96k | €82k | ▼ 14.9% |
| Amounts payable after more than one year17 | €40k | €29k | ▼ 25.9% |
| Financial debts170/4 | €40k | €29k | ▼ 25.9% |
| Amounts payable within one year42/48 | €57k | €52k | ▼ 7.5% |
| Current portion of amounts payable after more than one year42 | €10k | €10k | ▲ 4.0% |
| Trade debts44 | €860 | €761 | ▼ 11.5% |
| Suppliers440/4 | €860 | €761 | ▼ 11.5% |
| Taxes, remuneration and social security45 | €41k | €41k | ▼ 0.8% |
| Taxes450/3 | €41k | €41k | ▼ 0.8% |
| Other amounts payable47/48 | €5k | €750 | ▼ 84.8% |
| Accrued charges and deferred income492/3 | - | €131 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €83k | €62k | ▼ 25.3% |
| + Depreciation and write-downs630 | €7k | €12k | ▲ 80.2% |
| Operating cash flow (approximation) | €90k | €74k | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | €-941 | - |
| Change in cash | - | €50k | - |
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
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €146k ▲71.9%
2 profitable years in a row build equity to €146k.
24-06
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, Gent · 1 establishment unit since 2022
Ground area
124 m²
Building footprint
80 m²
Volume, LiDAR
724 m³
Parcel 44808H0701/00C003, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KETSTECH
since 20222.337.839.362
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0701/00C003 | Flanders | 124 m² | 1 · 80 m² | 14.9 m · 4 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 81 EUR awarded · 81 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 81 EUR | 81 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,355 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
Founded04-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.