KEYSTONE
ActiveSummary
KEYSTONE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €114k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency56▲+21
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 0.9 in 2024; short-term debt: 69.2% and cash: 26.2% of total assets), and 69.2% 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
30.8%
Return on assets
68.3%
Age of the figures
9 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €52k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-04-2026, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
108 d early
2024
63 d late
2023
36 d early
2022
28 d late
2021
6 d early
2020
24 d late
2019
35 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, micro schema
Equity
€52k▲ 147%
2024 · €21k
2018: €24k
2019: €116k
2020: €20k
2021: €46k
2022: €140k
2023: €21k
2024: €21k
2018 → 2025
Total assets
€168k▼ 23.3%
2024 · €219k
2018: €198k
2019: €145k
2020: €250k
2021: €186k
2022: €212k
2023: €299k
2024: €219k
2018 → 2025
Net result
€114k▼ 1.5%
2024 · €116k
2018: €124k
2019: €93k
2020: €86k
2021: €66k
2022: €118k
2023: €121k
2024: €116k
2018 → 2025
Working capital
€9k
2024 · €-18k
2018: €-442
2019: €101k
2020: €16k
2021: €42k
2022: €89k
2023: €-22k
2024: €-18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€140k▲ 201%€21k▼ 85.0%€21k=€52k▲ 147%
Operating result€83k-€151k▲ 81.4%€157k▲ 3.7%€150k▼ 4.1%€155k▲ 3.2%
Net result€66k-€118k▲ 79.5%€121k▲ 2.4%€116k▼ 4.1%€114k▼ 1.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168k
Fixed assets
€43k ▼ 12.7%
Current assets
€125k ▼ 26.4%
Equity and liabilities €168k
Equity
€52k ▲ 147%
Debt
€116k ▼ 41.3%
Debt's share of the balance-sheet total falls from 90.4% to 69.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€175k▲
2024 · €172k
Cash flow
€134k▼
2024 · €137k
Current ratio
1.08▲
2024 · 0.90
Debt to equity
2.24▼
2024 · 9.43
ROE
221.5%▼
2024 · 554.5%
ROA
68.3%▲
2024 · 53.2%
Interest coverage
110.76▼
2024 · 153.04
Debt ≤ 1 year
€116k▼
2024 · €188k
Income taxes
€39k▲
2024 · €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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€219k€168k▼
Fixed assets21/28€49k€43k▼
Tangible fixed assets22/27€37k€26k▼
Plant, machinery and equipment23€1k€905▼
Furniture and vehicles24€18k€3k▼
Other tangible fixed assets26€17k€22k▲
Financial fixed assets28€12k€17k▲
Current assets29/58€170k€125k▼
Amounts receivable within one year40/41€73k€78k▲
Trade receivables40€73k€77k▲
Other amounts receivable41-€997
Cash at bank and in hand54/58€86k€44k▼
Deferred charges and accrued income490/1€10k€4k▼
Equity and liabilities
Total equity and liabilities10/49€219k€168k▼
Equity10/15€21k€52k▲
Contributions10/11€19k€19k=
Reserves13€2k€32k▲
Distributable reserves133€2k€32k▲
Profit (loss) carried forward14€503€994▲
Amounts payable17/49€198k€116k▼
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€188k€116k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44-€838
Suppliers440/4-€838
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€5k▼
Other amounts payable47/48€172k€102k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€486€571▲
Non-recurring operating charges66A-€159
Gross operating margin9900€172k€176k▲
Operating profit (loss)9901€150k€155k▲
Financial income75/76B€3€64▲
Recurring financial income75€3€64▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€149k€154k▲
Income taxes67/77€33k€39k▲
Profit (loss) for the period9904€116k€114k▼
Profit (loss) for the period to be appropriated9905€116k€114k▼
Appropriation of the result
Profit (loss) to be appropriated9906€117k€115k▼
Profit (loss) brought forward from the previous period14P€503€503=
Transfer to equity691/2-€24k
To other reserves6921-€24k
Profit to be distributed694/7€116k€90k▼
Return on contributions (dividend)694€116k€90k▼
The notes to these accounts (9 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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-10
State Gazette act
General meeting · Capital
Statutes amendment · Corporate purpose
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
2024
05-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.82
Current ratio from 1.30 to 2.82; short-term debt falls from €140k to €49k.
31-12
Financial
Equity above €100kEq €140k ▲201%
5 profitable years in a row build equity to €140k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €66k ▼22.9%
Net result drops to €66k, the lowest in the series; recovery starts the following year.
28-12
State Gazette act
General meeting · Statutes amendment
Purpose change · Capital
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Show earlier events
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
23-01
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
06-01
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
2019
31-12
Financial
Liquidity times 5current ratio 4.56
Current ratio from 1.00 to 4.56; short-term debt falls from €174k to €28k.
31-12
Financial
Equity above €100kEq €116k ▲385%
2 profitable years in a row build equity to €116k.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oudergem · 1 establishment unit since 2014
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.
Kardinaal Micaralaan 31160 OudergemGround area
458 m²
Building footprint
103 m²
Volume, LiDAR
768 m³
Parcel 21332C0056/00R006, Brussels · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Keystone
since 20142.226.357.163
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332C0056/00R006 | Brussels | 458 m² | 1 · 103 m² | 10.2 m · 3 fl. |
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.
Structure & network
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 38,247 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
Founded20-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73110Advertising agencies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.