KEY CONTRACTING
ActiveSummary
KEY CONTRACTING has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €2k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 2008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency32▲+1
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.31 in 2024; short-term debt: 27.3% and cash: 0.3% of total assets), and 93.3% of the assets are financed with debt.
Credit advice for your own amount and term
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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.7%
Return on assets
0.4%
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 2008 sector peers (2025).
NBB · sector comparisonPosition among 2008 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 09-09-2026, 40 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 · 5 filingsDeviation from the deadline
2025
40 d late
2024
40 d late
2023
58 d late
2022
98 d late
2021
2 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€44k▲ 5.6%
2024 · €42k
2021: €20k
2022: €37k
2023: €41k
2024: €42k
2021 → 2025
Total assets
€664k▼ 6.3%
2024 · €708k
2021: €21k
2022: €51k
2023: €192k
2024: €708k
2021 → 2025
Net result
€2k▲ 204%
2024 · €774
2021: €368
2022: €16k
2023: €4k
2024: €774
2021 → 2025
Working capital
€9k▼ 83.2%
2024 · €51k
2021: €19k
2022: €35k
2023: €40k
2024: €51k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€37k▲ 79.9%€41k▲ 12.2%€42k▲ 1.9%€44k▲ 5.6%
Operating result€399-€16k▲ 3,859%€5k▼ 69.1%€5k▲ 6.5%€3k▼ 47.3%
Net result€368-€16k▲ 4,322%€4k▼ 72.5%€774▼ 82.7%€2k▲ 204%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €664k
Fixed assets
€474k ▼ 3.5%
Current assets
€190k ▼ 12.4%
Equity and liabilities €664k
Equity
€44k ▲ 5.6%
Debt
€620k ▼ 7.0%
Debt's share of the balance-sheet total falls from 94.1% to 93.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €23k
Cash flow
€20k▲
2024 · €18k
Current ratio
1.05▼
2024 · 1.31
Debt to equity
14.02▼
2024 · 15.92
ROE
5.3%▲
2024 · 1.8%
ROA
0.4%▲
2024 · 0.1%
Interest coverage
52.77▼
2024 · 90.06
Debt ≤ 1 year
€181k▲
2024 · €165k
Debt > 1 year
€439k▼
2024 · €501k
Staff costs
€91k▲
2024 · €78k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€708k€664k▼
Fixed assets21/28€492k€474k▼
Tangible fixed assets22/27€490k€473k▼
Land and buildings22€490k€473k▼
Financial fixed assets28€1k€1k=
Current assets29/58€217k€190k▼
Amounts receivable within one year40/41€212k€187k▼
Trade receivables40€204k€183k▼
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€420€209▼
Equity and liabilities
Total equity and liabilities10/49€708k€664k▼
Equity10/15€42k€44k▲
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Share premium1100/10€20k€20k=
Profit (loss) carried forward14€22k€24k▲
Amounts payable17/49€667k€620k▼
Amounts payable after more than one year17€501k€439k▼
Financial debts170/4€501k€439k▼
Amounts payable within one year42/48€165k€181k▲
Trade debts44€13k€28k▲
Suppliers440/4€13k€28k▲
Taxes, remuneration and social security45€48k€32k▼
Taxes450/3€4k-
Remuneration and social security454/9€44k€32k▼
Other amounts payable47/48€105k€122k▲
Income statement
Code20242025
Remuneration, social security and pensions62€78k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k=
Other operating charges640/8€1k€60▼
Gross operating margin9900€102k€111k▲
Operating profit (loss)9901€5k€3k▼
Financial charges65/66B€251€381▲
Recurring financial charges65€251€381▲
Profit (loss) for the period before taxes9903€5k€2k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€774€2k▲
Profit (loss) for the period to be appropriated9905€774€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€24k▲
Profit (loss) brought forward from the previous period14P€21k€22k▲
The notes to these accounts (5 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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 40 days late
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
31-12
Financial
Highest result since 2021net €16k ▲4322%
Operating result €16k, net result €16k, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
Financial 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, Waterloo · 1 establishment unit since 2021
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.
Drève Richelle 161 M1410 WaterlooGround area
1.5 ha
Building footprint
2,561 m²
Volume, LiDAR
46,110 m³
2 parcels, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
KEY CONTRACTING
since 20212.319.079.067
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0621/00F000indicative | Wallonia | 1.0 ha | 1 · 1,772 m² | 22.9 m · 6 fl. |
| 25763M0600/00R000 | Wallonia | 4,633 m² | 1 · 788 m² | 18.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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
INTERIEUR ONTWERP SMEYERS JAN
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JR INVEST
BE 0715.576.819
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AE Studio
BE 0756.812.509
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Sabine Lyssens Danneboom Interieurarchitecten
BE 0829.800.455
Antwerpen · Eq €43,721
Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 1,075 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
71112Activities of interior architects
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.