ACTIVE

THE KEYS

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Financial year 2025 · closed on 31/12/2025
Net result
-35 k €
-325.5% YoY
Gross margin
-28,9 k €
-783.2% YoY
Equity
-1,7 k €
-105.2% YoY

What does THE KEYS do?

THE KEYS is a Private limited company incorporated in 2013. Its main activity is: Real estate agencies. Its registered office is in Watermael-Boitsfort.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0537.803.632
Incorporation
30/08/2013
Legal form
Private limited company
Registered office
Chaussée de La Hulpe 166
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
22 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
68310Real estate agencies· main68311Real estate agencies68312Real estate agencies68321Management of real estate on a fee or contract basis68321Management of real estate on a fee or contract basis68322Management of real estate on a fee or contract basis+1
Joint committees (1)
  • 323
Contacts
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Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin-28,9 k €4,2 k €886 €-17 k €60,8 k €-16,3 k €18,3 k €9,9 k €13,1 k €20,2 k €12,7 k €12,5 k €
EBITDA-32,3 k €-5,4 k €235,5 €-17,7 k €60,7 k €-16,7 k €17,8 k €8,6 k €1,9 k €2,8 k €-2,6 k €6,5 k €
Operating result-34,7 k €-8,1 k €-2,6 k €-20,6 k €59 k €-18,8 k €15,4 k €6,7 k €279,7 €-118,9 €-5,2 k €3,9 k €
Net result-35 k €-8,2 k €-2,9 k €-20,7 k €50,6 k €-19,2 k €10,7 k €5,9 k €192 €-237,1 €-5,4 k €2,4 k €
Balance sheet
Equity-1,7 k €33,2 k €41,4 k €44,3 k €65 k €14,5 k €33,6 k €22,9 k €17 k €16,8 k €17 k €22,4 k €
Total assets49,5 k €98 k €104,5 k €82,2 k €94,2 k €47,1 k €47,8 k €30 k €37,2 k €24,4 k €25,4 k €26,1 k €
Cash38,3 k €79,7 k €46,9 k €55,1 k €75,2 k €17,5 k €35,6 k €6,9 k €20,3 k €4,8 k €19,8 k €17,2 k €
Debts51,2 k €64,7 k €63 k €37,9 k €29,1 k €32,6 k €14 k €7,1 k €20,2 k €7,5 k €8,3 k €3,7 k €
Other
Workforce––––––––––1,7 ETP0,5 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

CHARLES BOURG MANAGEMENT

Director · since 22 décembre 2015 · 0508.622.567

Represented by Gaëtan CHOPIN

Active
WADIH MANSOUR

Director · since 30 août 2013 · 0537.475.515

Represented by Amaury CHOPIN

Active

Ended mandates

CHARLES BOURG MANAGEMENT

Manager · since 22 décembre 2015 · 0508.622.567

Represented by Gaëtan CHOPIN

Ended
Adrian THORP

Director · since 30 août 2013 · until 22 janvier 2025

Ended
Adrian THORP

Director · since 30 août 2013

Ended
Adrian THORP

Manager · since 30 août 2013

Ended
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ALTIMAR● Active
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AMERICAN MANAGEMENT ASSOCIATION EUROPE● Active
0894.813.815
ARTER● Active
0692.924.448
Association des copropriétaires à Watermael-Boitsfort Chaussée de La Hulpe 166● Active
0824.539.194
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/06/202623/06/202510/06/202410/06/202310/06/202230/06/2021
General meeting10/06/202610/06/202510/06/202410/06/202310/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202510/06/202610/06/2026FrenchPDF
Micro model31/12/202410/06/202523/06/2025FrenchPDF
Micro model31/12/202310/06/202410/06/2024FrenchPDF
Micro model31/12/202210/06/202310/06/2023FrenchPDF
Micro model31/12/202110/06/202210/06/2022FrenchPDF
Micro model31/12/202030/06/202130/06/2021FrenchPDF
Micro model31/12/201930/06/202001/07/2020FrenchPDF
Micro model31/12/201830/06/201930/06/2019FrenchPDF
Micro model31/12/201730/06/201801/07/2018FrenchPDF
Micro model31/12/201630/06/201703/07/2017FrenchPDF
Abridged model31/12/201530/06/201601/07/2016FrenchPDF
Abridged model31/12/201430/06/201501/07/2015FrenchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

CHARLES BOURG MANAGEMENT

Director · since 22 décembre 2015 · 0508.622.567

Represented by Gaëtan CHOPIN

Active
WADIH MANSOUR

Director · since 30 août 2013 · 0537.475.515

Represented by Amaury CHOPIN

Active

Ended mandates

CHARLES BOURG MANAGEMENT

Manager · since 22 décembre 2015 · 0508.622.567

Represented by Gaëtan CHOPIN

Ended
Adrian THORP

Director · since 30 août 2013 · until 22 janvier 2025

Ended
Adrian THORP

Director · since 30 août 2013

Ended
Adrian THORP

Manager · since 30 août 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/08/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/11/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/01/2016
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other10/09/2013
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-35 k €↓
  2. 2024
    Annual accounts 2024-8,2 k €↓
  3. 2023
    Annual accounts 2023-2,9 k €↑
  4. 2022
    Annual accounts 2022-20,7 k €↓
  5. 2021
    Annual accounts 202150,6 k €↑
  6. 2020
    Annual accounts 2020-19,2 k €↓
  7. 2019
    Annual accounts 201910,7 k €↑
  8. 2018
    Annual accounts 20185,9 k €↑
  9. 2017
    Annual accounts 2017192 €↑
  10. 2016
    Annual accounts 2016-237,1 €↑
  11. 2015
    Annual accounts 2015-5,4 k €↓
  12. 2014
    Annual accounts 20142,4 k €
  13. 30/08/2013
    IncorporationPrivate limited company