KEYLO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of KEYLO is 3.4% (moderate). The 2025 annual accounts show equity of €36k and a net result of €694. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 1078 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. 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

Filed after the deadline

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-05-2026, 18 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.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 30-09. 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 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	18-05-2026	18 d late	2026-00112820
30-09-2024	30-04-2025	18-05-2025	18 d late	2025-00096967
30-09-2023	30-04-2024	02-06-2024	33 d late	2024-00104677
30-09-2022	30-04-2023	30-05-2023	30 d late	2023-00097673

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

More than 3 years active

Founded in 2021, 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 everyone

3.4% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate region +Higher-failure-rate sector +

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

Financials

Turnover€104k+45.2%

EBIT margin1.8%-16.0pp

Net result€694-92.5%

Working capital€24k+24.2%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 18-05-2026 with the NBB · fiscal year 2025 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~24.4%/year over 4 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 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	51.6%	42.2%	better than 61% of 1078 sector peers
Net result	€694	€11k	better than 23% of 1079 sector peers
Equity	€36k	€35k	better than 51% of 1080 sector peers
Gross operating margin	€8k	€30k	better than 20% of 1078 sector peers
Total assets	€70k	€96k	better than 36% of 1078 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 P61

Stable position over 2022-2025 · n=1078-3827

Net result P23

Weakening position over 2022-2025 · n=1079-3824

Equity P51

Stable position over 2022-2025 · n=1080-3832

Gross operating margin P20

Weakening position over 2022-2025 · n=1078-3822

Describes the position versus peers, not a forecast.

Revenue

€104k

+45.2% 22-25

EBITDA

€7k

-58.2% 22-25

Net profit

€694

-92.5% 22-25

Cash flow

€6k

-56.0% 22-25

Total assets

€70k

+17.5% 22-25

Equity

€36k

+2.0% 22-25

Working capital

€24k

+24.2% 22-25

Staff costs

€46

- 22-25

Income taxes

€998

-70.1% 22-25

Debt

€34k

+40.4% 22-25

Debt ≤ 1y

€34k

+40.4% 22-25

Current ratio

1.71

-5.1% 22-25

Quick ratio

1.71

-5.1% 22-25

Solvency

51.6%

-13.2% 22-25

Debt / equity

0.94

+37.7% 22-25

ROE

1.9%

-92.6% 22-25

ROA

1.0%

-93.6% 22-25

Net margin

0.7%

-94.8% 22-25

EBITDA margin

7.0%

-71.2% 22-25

Interest coverage

46.83

-59.0% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	€104k
EBITDA	€7k
Net profit	€694
Cash flow	€6k
Staff costs	-
Income taxes	€998
Dividends	-
Total assets	€70k
Equity	€36k
Debt	€34k
of which ≤ 1y	€34k
of which > 1y	-
Working capital	€24k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.71
Quick ratio	1.71
Working capital ratio	34.3%
Solvency	51.6%
Debt / equity	0.94
Long-term debt ratio	-
Interest coverage	46.83
Gross margin	5.0%
Net margin	0.7%
ROA	1.0%
ROE	1.9%
EBITDA margin	7.0%
Days sales outstanding	116d
Days payable outstanding	42d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €12k · 17.4% Current assets €58k · 82.6%

Equity & liabilities

Equity €36k · 51.6% Debt €34k · 48.4%

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	€70k
Fixed assets	21/28	€12k
Tangible fixed assets	22/27	€12k
Current assets	29/58	€58k
Amounts receivable within one year	40/41	€35k
Cash & bank	54/58	€13k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€70k
Equity	10/15	€36k
Contributions / capital	10/11	€5k
Reserves	13	€500
Accumulated profits (losses)	14	€31k
Amounts payable	17/49	€34k
Amounts payable within one year	42/48	€34k
Trade debts payable within one year	44	€11k
Income statement
Turnover	70	€104k
Gross operating margin	9900	€8k
Operating result	9901	€2k
Financial charges	65	€156
Result before taxes	9903	€2k
Income taxes	67/77	€998
Net result for the period	9904	€694
Result to be appropriated	9905	€694

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · 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.

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 Bank

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.

Hertogendal 2291160 Oudergem

Establishment units

1 location

KEYLO

Hertogendal 229, 1160 OudergemReparatie en onderhoud van verwarmingsinstallaties

since 20212.313.694.775

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area677 m²

Buildings1

Building footprint676 m²

Volume (LiDAR)4,218 m³

Tallest building16.4 m · ±1 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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21002A0149/00L000	Brussels	677 m²	1 · 676 m²	16.4 m · 1 fl.

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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

67 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 88

Profitability 24

Solvency 90

Growth 39

Stability 94

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

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We hold annual accounts for 5,321 of the 29,561 companies in this sector. 4,731 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Dakwerkzaamheden43410Dakwerkzaamheden43910

Primary activity highlighted.

Names & trade names

Legal nameFR

KEYLO

Registered office

Hertogendal 229 bus 8

1160 Oudergem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.