KEYSTONE PROJECTS
0830.358.701 · rovalta.com · 21/09/2026
ACTIVE
KEYSTONE PROJECTS
Financial year 2025 · closed on 31/12/2025
Net result
33,2 k €
-59.6% YoY
Gross margin
60,8 k €
-7.6% YoY
Equity
82,7 k €
+67.2% YoY
Overview
What does KEYSTONE PROJECTS do?
KEYSTONE PROJECTS is a Private company with limited liability incorporated in 2010. Its main activity is: Wholesale of furniture, carpets and lighting equipment. Its registered office is in Lasne.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0830.358.701
Incorporation
14/10/2010
Legal form
Private company with limited liability
Registered office
Rue du Mouton 22
1380 Lasne · WallonieSee on map
1380 Lasne · WallonieSee on map
Contributed capital
25 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
46471Wholesale of furniture, carpets and lighting equipment· main46471Wholesale of furniture, carpets and lighting equipment47551Retail sale of other household equipment in specialised stores47559Retail sale of other household equipment in specialised stores47591Retail sale of furniture, lighting equipment and other household articles in specialised stores47599Retail sale of furniture, lighting equipment and other household articles in specialised stores+4
Joint committees (1)
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 14 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||
| Gross margin | 60,8 k € | -7.6% | 65,8 k € | +3098% | 2,1 k € | -86.0% | 14,7 k € | +1092% | -1,5 k € | -103% | 57,1 k € | +243% | 16,6 k € | -6.4% | 17,8 k € | +881% | 1,8 k € | -81.4% | 9,7 k € | +345% | -4 k € | -115% | 26,2 k € | +118% | 12,1 k € | +444% | -3,5 k € |
| EBITDA | 59,6 k € | -5.5% | 63 k € | +80133% | -78,8 € | -101% | 12,8 k € | +276% | -7,3 k € | -115% | 50,1 k € | +255% | 14,1 k € | -9.8% | 15,7 k € | +1381% | 1,1 k € | -86.8% | 8 k € | +277% | -4,5 k € | -118% | 25 k € | +343% | -10,3 k € | -179% | -3,7 k € |
| Operating result | 46,2 k € | -25.3% | 61,8 k € | +496% | -15,6 k € | -387% | -3,2 k € | +86.4% | -23,5 k € | -168% | 34,5 k € | +438% | 6,4 k € | +27.6% | 5 k € | +145% | -11,2 k € | -209% | -3,6 k € | +78.5% | -16,9 k € | -182% | 20,5 k € | +238% | -14,8 k € | -71.7% | -8,6 k € |
| Net result | 33,2 k € | -59.6% | 82,3 k € | +579% | -17,2 k € | -437% | 5,1 k € | +120% | -24,9 k € | -229% | 19,3 k € | +233% | 5,8 k € | +26.5% | 4,6 k € | +139% | -11,7 k € | -168% | -4,4 k € | +74.5% | -17,1 k € | -189% | 19,3 k € | +229% | -15 k € | -72.1% | -8,7 k € |
| Balance sheet | |||||||||||||||||||||||||||
| Equity | 82,7 k € | +67.2% | 49,4 k € | +251% | -32,8 k € | -110% | -15,7 k € | +24.5% | -20,8 k € | -222% | 17 k € | +836% | -2,3 k € | +71.5% | -8,1 k € | +36.1% | -12,7 k € | -1277% | -919,5 € | -127% | 3,5 k € | -83.2% | 20,6 k € | +1443% | 1,3 k € | -91.8% | 16,3 k € |
| Total assets | 139,9 k € | +54.7% | 90,4 k € | +174% | 33,1 k € | -25.4% | 44,3 k € | -38.4% | 72 k € | -44.8% | 130,4 k € | +15.8% | 112,6 k € | +1.5% | 110,9 k € | +16.7% | 95 k € | -13.7% | 110,1 k € | +17.3% | 93,9 k € | -2.8% | 96,5 k € | +61.4% | 59,8 k € | -13.5% | 69,1 k € |
| Cash | 25,3 k € | -54.6% | 55,8 k € | +255% | 15,7 k € | -30.0% | 22,5 k € | -7.1% | 24,2 k € | +33.0% | 18,2 k € | -79.6% | 89,2 k € | +77.7% | 50,2 k € | +9.5% | 45,8 k € | -4.6% | 48 k € | +80.4% | 26,6 k € | -21.9% | 34,1 k € | +122% | 15,3 k € | -59.3% | 37,6 k € |
| Debts | 57,2 k € | +39.5% | 41 k € | -36.4% | 64,4 k € | +7.4% | 60 k € | -34.9% | 92,1 k € | -18.2% | 112,5 k € | -2.0% | 114,8 k € | -3.2% | 118,6 k € | +10.3% | 107,5 k € | -3.1% | 111 k € | +22.8% | 90,4 k € | +19.2% | 75,8 k € | +29.7% | 58,4 k € | +10.8% | 52,8 k € |
| Other | |||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | 0,8 ETP | – | |||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Frédéric Schuberth
ActiveEnded mandates
Frédéric Schuberth
EndedFrédéric Schuberth
EndedFrédéric Schuberth
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Abridged model | Abridged model | Micro model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 31/08/2026 | 29/08/2025 | 07/10/2024 | 31/08/2023 | 13/10/2022 | 31/08/2021 |
| General meeting | 31/08/2026 | 26/08/2025 | 04/10/2024 | 17/08/2023 | 06/09/2022 | 31/08/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
15 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 31/08/2026 | 31/08/2026 | French | |
| Micro model | 31/12/2024 | 26/08/2025 | 29/08/2025 | French | |
| Abridged model | 31/12/2023 | 04/10/2024 | 07/10/2024 | French | |
| Abridged model | 31/12/2022 | 17/08/2023 | 31/08/2023 | French | |
| Micro model | 31/12/2021 | 06/09/2022 | 13/10/2022 | French | |
| Micro model | 31/12/2020 | 31/08/2021 | 31/08/2021 | French | |
| Micro model | 31/12/2019 | 31/08/2020 | 30/10/2020 | French | |
| Micro model | 31/12/2018 | 30/08/2019 | 30/08/2019 | French | |
| Micro model | 31/12/2017 | 03/07/2018 | 22/08/2018 | French | |
| Micro model | 31/12/2016 | 25/09/2017 | 12/10/2017 | French | |
| Abridged model | 31/12/2015 | 31/08/2016 | 31/08/2016 | French | |
| Abridged model | 31/12/2014 | 31/08/2015 | 11/09/2015 | French | |
| Abridged model | 31/12/2013 | 28/08/2014 | 29/08/2014 | French | |
| Abridged model | 31/12/2012 | 29/08/2013 | 30/08/2013 | French | |
| Abridged model | 31/12/2011 | 25/07/2012 | 31/07/2012 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Frédéric Schuberth
ActiveEnded mandates
Frédéric Schuberth
EndedFrédéric Schuberth
EndedFrédéric Schuberth
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other28/10/2010RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202533,2 k €↓
- 2024Annual accounts 202482,3 k €↑
- 2023Annual accounts 2023-17,2 k €↓
- 2022Annual accounts 20225,1 k €↑
- 2021Annual accounts 2021-24,9 k €↓
- 2019Annual accounts 201919,3 k €↑
- 2018Annual accounts 20185,8 k €↑
- 2017Annual accounts 20174,6 k €↑
- 2016Annual accounts 2016-11,7 k €↓
- 2015Annual accounts 2015-4,4 k €↑
- 2014Annual accounts 2014-17,1 k €↓
- 2013Annual accounts 201319,3 k €↑
- 2012Annual accounts 2012-15 k €↓
- 2011Annual accounts 2011-8,7 k €
- 14/10/2010IncorporationPrivate company with limited liability