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Key Technology

Active
Public limited company·Vervaardiging van machines voor de landbouw en de bosbouw· 21 yrs active
Bedrijfsstraat 6B ·3500 Hasselt, Belgium
KBO/BCE: BE 0867.831.383
Watch Print / PDF
Belgian State Gazette acts: 0 of 22 read
Age21 yrs
Board1
Real estate2 parcels · 1.3 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Key Technology is 0.4% (very low). The 2024 annual accounts show equity of €2.29M and a net result of €210k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 61 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend
Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend

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-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 21 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2026, 364 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. 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 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 30-07-2026 364 d late 2026-00369740
31-12-2023 31-07-2024 08-10-2024 69 d late 2024-00506591
31-12-2022 31-07-2023 23-01-2024 176 d late 2024-00005711
31-12-2021 31-07-2022 07-07-2023 341 d late 2023-00222626
31-12-2020 31-07-2021 22-06-2022 326 d late 2022-20101859
31-12-2019 31-07-2020 26-06-2020 35 d early 2020-22900313
31-12-2018 31-07-2019 13-11-2019 105 d late 2019-73700337
30-09-2017 30-04-2018 20-12-2018 234 d late 2018-75700248
30-09-2016 30-04-2017 06-02-2018 282 d late 2018-04700069
30-09-2015 30-04-2016 06-02-2018 647 d late 2018-04700060

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 signals
Long-established
Founded in 2004, 21 years in business.
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 everyone
0.4% Very low
0%0,5%1,5%4%10%≥25%
Multiple establishment units +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€9.53M-4.9%
EBIT margin3.6%-2.3pp
Net result€210k-34.5%
Working capital€1.91M+8.7%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2024 · verkort
€0€5.00M€10.00M€15.00MRevenue 2020: €15.55M€15.55MOperating result 2020: €374k€374kNet result 2020: €337k€337kRevenue 2021: €11.01M€11.01MOperating result 2021: €884k€884kNet result 2021: €862k€862kRevenue 2022: €9.04M€9.04MOperating result 2022: €1.12M€1.12MNet result 2022: €970k€970kRevenue 2023: €10.02M€10.02MOperating result 2023: €597k€597kNet result 2023: €321k€321kRevenue 2024: €9.53M€9.53MOperating result 2024: €345k€345kNet result 2024: €210k€210k20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~37% of the level (threshold 35%). We therefore deliberately show no projection line.
€-1.00M€0€1.00M€2.00M2018: €-147k2019: €-408k2020: €-71k2021: €791k2022: €1.76M2023: €2.08M2024: €2.29M2018201920202021202220232024
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 2024 · NACE 28 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 55.4% 37.7%
better than 64% of 61 sector peers
Net result €210k €18k
better than 76% of 61 sector peers
Equity €2.29M €238k
better than 84% of 61 sector peers
Gross operating margin €5.59M €138k
better than 95% of 61 sector peers
Staff costs €5.14M €414k
higher than 95% of 35 sector peers
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).
Solvency P64
2021: P13 · n=322022: P62 · n=462023: P64 · n=512024: P64 · n=612021 2024
Improving position over 2021-2024 · n=32-61
Net result P76
2021: P95 · n=322022: P95 · n=462023: P81 · n=512024: P76 · n=612021 2024
Weakening position over 2021-2024 · n=32-61
Equity P84
2021: P55 · n=322022: P82 · n=462023: P84 · n=512024: P84 · n=612021 2024
Improving position over 2021-2024 · n=32-61
Total assets P83
2021: P95 · n=322022: P90 · n=462023: P83 · n=512024: P83 · n=612021 2024
Weakening position over 2021-2024 · n=32-61
Describes the position versus peers, not a forecast.
Revenue
€9.53M
-4.9% 18-24
EBITDA
€429k
-36.1% 18-24
Net profit
€210k
-34.5% 18-24
Cash flow
€294k
-25.6% 18-24
Total assets
€4.14M
+13.2% 18-24
Equity
€2.29M
+10.1% 18-24
Working capital
€1.91M
+8.7% 18-24
Employees (FTE)
46
+1.6% 18-24
Show 13 other metrics
Staff costs
€5.14M
-6.3% 18-24
Income taxes
€121k
-55.1% 18-24
Debt
€1.85M
+17.3% 18-24
Debt ≤ 1y
€1.85M
+23.5% 18-24
Current ratio
2.03
-6.5% 18-24
Quick ratio
2.03
-6.5% 18-24
Solvency
55.4%
-2.7% 18-24
Debt / equity
0.81
+6.5% 18-24
ROE
9.2%
-40.5% 18-24
ROA
5.1%
-42.1% 18-24
Net margin
2.2%
-31.1% 18-24
EBITDA margin
4.5%
-32.8% 18-24
Interest coverage
30.91
-71.9% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue€9.53M
EBITDA€429k
Net profit€210k
Cash flow€294k
Staff costs€5.14M
Income taxes€121k
Dividends-
Total assets€4.14M
Equity€2.29M
Debt€1.85M
of which ≤ 1y€1.85M
of which > 1y-
Working capital€1.91M
Employees (FTE)45.7
Ratios (computed)
2024
Current ratio2.03
Quick ratio2.03
Working capital ratio46.1%
Solvency55.4%
Debt / equity0.81
Long-term debt ratio-
Interest coverage30.91
Gross margin57.7%
Net margin2.2%
ROA5.1%
ROE9.2%
EBITDA margin4.5%
Days sales outstanding0d
Days payable outstanding42d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€4.14M
Fixed assets 21/28€382k
Tangible fixed assets 22/27€371k
Financial fixed assets 28€11k
Current assets 29/58€3.76M
Amounts receivable within one year 40/41€3.30M
Cash & bank 54/58€448k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.14M
Equity 10/15€2.29M
Contributions / capital 10/11€3.24M
Reserves 13€22k
Accumulated profits (losses) 14€-969k
Amounts payable 17/49€1.85M
Amounts payable within one year 42/48€1.85M
Trade debts payable within one year 44€463k
Income statement
Turnover 70€9.53M
Gross operating margin 9900€5.59M
Operating result 9901€345k
Financial income 75€1
Financial charges 65€14k
Result before taxes 9903€331k
Income taxes 67/77€121k
Net result for the period 9904€210k
Result to be appropriated 9905€210k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
88 / 100 Excellent
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

11 directors
22 of this company's 22 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
  • Erik Bloem
    Director
    State Gazette act 20096997 (24-08-2020)
    Current
    24-08-2020 → present
Historic, not recently confirmed (5)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Carson Ford Brennan
    Director
    State Gazette act 19056928 (24-04-2019)
    Not recently confirmed
    last confirmed in an act from 2019
  • Ehren John J.
    Director
    State Gazette act 18087943 (06-06-2018)
    Not recently confirmed
    last confirmed in an act from 2018
  • Grant Thornton Bedrijfsrevisoren CVBALegal entity
    Auditor
    State Gazette act 18087943 (06-06-2018)
    Not recently confirmed
    last confirmed in an act from 2018
  • Siegal Jeffrey T.
    Director
    State Gazette act 18087943 (06-06-2018)
    Not recently confirmed
    last confirmed in an act from 2018
  • Jeffrey Thomas Siegal
    Director
    State Gazette act 16055904 (21-04-2016)
    Not recently confirmed
    last confirmed in an act from 2016
Former directors (5)
  • Erik BLOM
    Director
    State Gazette act 24073848 (13-05-2024)
    Former
    - → 13-05-2024
  • Louis Vintro
    Director
    State Gazette act 20096997 (24-08-2020)
    Former
    - → 24-08-2020
  • John Jeffrey Ehren
    Director
    State Gazette act 19156704 (02-12-2019)
    Former
    - → 02-12-2019
  • Jeffrey Siegal
    Director
    State Gazette act 19056928 (24-04-2019)
    Former
    - → 24-04-2019
  • EMBLA B.V.B.A.
    Director
    State Gazette act 16055904 (21-04-2016)
    Former
    - → 21-04-2016
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Statutory auditor

3 auditors
Statutory auditor IRE/IBR number Tenure
Baker Tilly Bedrijfsrevisoren BVCurrent
Statutory auditor
 - 28-07-2023 → present
Show 2 earlier auditors
Daelman Marc
Statutory auditor
succeeded by Baker Tilly Bedrijfsrevisoren BV in 2023
 - 25-03-2019 → 28-07-2023
Loits Gunther
Statutory auditor
 - - → 25-03-2019
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Vervaardiging van machines voor de landbouw en de bosbouw(28300)
Legal form Public limited company(014)
Incorporation14-10-2004
StatusActive
Postal code3500

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

2 locations
Visys
Bedrijfsstraat 10, 3500 HasseltVervaardiging van machines voor de productie van voedings- en genotmiddelen
since 20042.143.647.540
Visys nv
Bedrijfsstraat 6B, 3500 HasseltVervaardiging van machines voor de productie van voedings- en genotmiddelen
since 20172.274.688.008
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.3 ha
Buildings2
Building footprint3,657 m²
Volume (LiDAR)24,299 m³
Tallest building11.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71322A0283/00E000 Flanders 7,584 m² 1 · 2,182 m² 11.7 m · 2 fl.
71322A0267/00D002 Flanders 5,277 m² 1 · 1,475 m² 8.7 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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

11 acts
Address history · 1
10-04-2017
Registered-office move
All acts · 11 updated 1 year ago
2024
13-12-2024 Baker Tilly Bedrijfsrevisoren BV appointed as statutory auditor Director changes
  • Baker Tilly Bedrijfsrevisoren BV, Commissaris
Summary: v3.2
13-05-2024 Erik BLOM resigns as director Director changes
  • Erik BLOM, Bestuurder
Summary: v3.2
2023
28-07-2023 Baker Tilly Bedrijfsrevisoren BV appointed as statutory auditor Director changes
  • Baker Tilly Bedrijfsrevisoren BV, Commissaris
Summary: v3.2
2020
24-08-2020 1 director appointed, 1 resigning Director changes
  • Erik Bloem, Bestuurder
  • Louis Vintro, Bestuurder
Summary: v3.2
2019
02-12-2019 John Jeffrey Ehren resigns as director Director changes
  • John Jeffrey Ehren, Bestuurder
Summary: v3.2
24-04-2019 1 director appointed, 1 resigning Director changes
  • Carson Ford Brennan, Bestuurder
  • Jeffrey Siegal, Bestuurder
Summary: v3.2
25-03-2019 1 director appointed, 1 resigning Director changes
  • Daelman Marc, Commissaris
  • Loits Gunther, Commissaris
Summary: v3.2
2018
05-09-2018 Articles of association amended Statutes amendment
Summary: v3.2
06-06-2018 3 directors appointed Director changes
  • Grant Thornton Bedrijfsrevisoren CVBA, Auditor
  • Siegal Jeffrey T., Bestuurder
  • Ehren John J., Bestuurder
Summary: v3.2
2017
10-04-2017 Registered office moved within Hasselt Registered-office change·Marc Dalle
  • Kiewitstraat 242, 3500 Hasselt → 3500 Hasselt, Bedrijfsstraat 6B
Notary: Marc Dalle · Hasselt
2016
21-04-2016 1 director appointed, 1 resigning Director changes
  • Jeffrey Thomas Siegal, Bestuurder
  • EMBLA B.V.B.A., Bestuurder
Summary: v3.2

Analysis

Financial profile

5 of 5 axes measured
Health88Profitability35Solvency97Growth52Stability100
74 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 88
Profitability 35
Solvency 97
Growth 52
Stability 100

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 25 of the 261 companies in this sector. 10 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van machines voor de landbouw en de bosbouw28300Vervaardiging van machines voor de productie van voedings- en genotmiddelen28930Vervaardiging van overige machines voor de landbouw en de bosbouw29321
Primary activity highlighted.
Names & trade names
Legal nameNL Key Technology
Registered office
Bedrijfsstraat 6B
3500 Hasselt, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.