ACTIVE

Key Technology

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Financial year 2023 · closed on 31/12/2023
Net result
320,7 k €
-67.0% YoY
Revenue
10 M €
+10.9% YoY
Equity
2,1 M €
+18.2% YoY
Workforce
45,0 ETP
-2.8% YoY

What does Key Technology do?

Key Technology is a Public limited company incorporated in 2004. Its main activity is: Manufacture of agricultural and forestry machinery. Its registered office is in Hasselt. It employs on average 45,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0867.831.383
Incorporation
14/10/2004
Legal form
Public limited company
Registered office
Bedrijfsstraat 6B
3500 Hasselt · FlandreSee on map
Contributed capital
3 240 001,80 €
Latest accounts
31/12/2023
Average workforce
45,0 ETP
Activities (NACE)
28300Manufacture of agricultural and forestry machinery· main28300Manufacture of agricultural and forestry machinery28930Manufacture of machinery for food, beverage and tobacco processing28930Manufacture of machinery for food, beverage and tobacco processing29321Manufacture of other parts and accessories for motor vehicles
Joint committees (5)
  • 111
  • 1110
  • 209
  • 2090
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202320222021202020192018201720142012201120102009200820072006
Income statement
Revenue10 M €9 M €11 M €15,5 M €17,4 M €17,7 M €15,9 M €17,1 M €8,4 M €––––––
EBITDA671,1 k €758,4 k €1,1 M €656,8 k €213,3 k €455,7 k €953,6 k €446,9 k €-12,5 k €226,8 k €211,9 k €268,5 k €149,9 k €119,2 k €-47,1 k €
Operating result596,9 k €1,1 M €883,7 k €373,6 k €-199,1 k €-564,6 k €394,5 k €-252 k €-185,6 k €158,5 k €136,8 k €201,4 k €86,8 k €71,8 k €-66,5 k €
Net result320,7 k €970,5 k €861,8 k €337 k €-260,8 k €-1 M €143 k €-391,9 k €-510,3 k €159,8 k €86 k €182,8 k €87,3 k €76,5 k €-84 k €
Balance sheet
Equity2,1 M €1,8 M €790,7 k €-71,1 k €-408,1 k €-147,3 k €866,7 k €2,8 M €3,1 M €3,7 M €3,5 M €3,1 M €2,9 M €1,2 M €1,2 M €
Total assets3,7 M €4,4 M €7,8 M €5,6 M €6,3 M €11,3 M €6 M €4,8 M €8,1 M €6 M €6,4 M €5,1 M €4,2 M €2,4 M €2 M €
Cash331,6 k €553,7 k €1,9 M €515,3 k €713,1 k €793,2 k €811,3 k €506,1 k €2,3 M €1,4 M €1,6 M €1,1 M €679 k €694,9 k €1 M €
Debts1,5 M €2,6 M €7 M €5,6 M €6,6 M €11,3 M €5 M €1,9 M €4,4 M €2,3 M €2,9 M €2 M €1,3 M €1,1 M €884,3 k €
Other
Workforce45,0 ETP46,3 ETP49,8 ETP67,3 ETP73,3 ETP63,0 ETP50,8 ETP40,8 ETP38,5 ETP33,2 ETP26,5 ETP21,5 ETP16,8 ETP4,4 ETP0,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 38 ended

Active mandates

Erik Blom

Director · since 01 août 2020 · until 28 mars 2024

Active
Carson Ford Brennan

Director · since 05 mars 2019 · until 30 mai 2025

Active

Ended mandates

Erik Blom

Director · since 01 août 2020 · until 31 juillet 2026

Ended
Jeffrey Thomas Siegal

Director · since 07 mars 2016 · until 05 mars 2019

Ended
Jeffrey Thomas Siegal

Director · since 07 mars 2016 · until 28 février 2020

Ended
Key Technology Inc

Mandate · since 04 mars 2014

Ended
Annual accounts

Full financial information

202320222021202020192018
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/201901/10/2017
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months12 months15 months
Filing date08/10/202423/01/202407/07/202322/06/202226/06/202013/11/2019
General meeting30/09/202427/12/202330/06/202324/06/202115/06/202031/10/2019
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202330/09/202408/10/2024DutchPDF
Full model31/12/202227/12/202323/01/2024DutchPDF
Full model31/12/202130/06/202307/07/2023DutchPDF
Full model31/12/202024/06/202122/06/2022DutchPDF
Full model31/12/201915/06/202026/06/2020DutchPDF
Full model31/12/201831/10/201913/11/2019DutchPDF
Full model30/09/201731/05/201820/12/2018DutchPDF
Full model30/09/201624/07/201706/02/2018DutchPDF
Full model30/09/201515/10/201606/02/2018DutchPDF
Full model30/09/201428/05/201529/05/2015DutchPDF
Full model31/12/201231/05/201311/07/2013DutchPDF
Abridged model31/12/201131/05/201229/06/2012DutchPDF
Abridged model31/12/201031/05/201128/07/2011DutchPDF
Abridged model31/12/200925/06/201023/07/2010DutchPDF
Abridged model31/12/200830/06/200903/08/2009DutchPDF
Abridged model31/12/200730/06/200816/07/2008DutchPDF
Abridged model31/12/200631/05/200731/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 31/12/2023 · 2 active · 38 ended

Active mandates

Erik Blom

Director · since 01 août 2020 · until 28 mars 2024

Active
Carson Ford Brennan

Director · since 05 mars 2019 · until 30 mai 2025

Active

Ended mandates

Erik Blom

Director · since 01 août 2020 · until 31 juillet 2026

Ended
Jeffrey Thomas Siegal

Director · since 07 mars 2016 · until 05 mars 2019

Ended
Jeffrey Thomas Siegal

Director · since 07 mars 2016 · until 28 février 2020

Ended
Key Technology Inc

Mandate · since 04 mars 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/08/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/04/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/09/2018
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DOEL - ALGEMENE VERGADERING - BOEKJAAR
    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. 2023
    Annual accounts 2023320,7 k €↓
  2. 2022
    Annual accounts 2022970,5 k €↑
  3. 2021
    Annual accounts 2021861,8 k €↑
  4. 2020
    Annual accounts 2020337 k €↑
  5. 2019
    Annual accounts 2019-260,8 k €↑
  6. 2018
    Annual accounts 2018-1 M €↓
  7. 2017
    Annual accounts 2017143 k €↑
  8. 2017
    Name changeKey Technology
  9. 2014
    Annual accounts 2014-391,9 k €↑
  10. 2012
    Annual accounts 2012-510,3 k €↓
  11. 2011
    Annual accounts 2011159,8 k €↑
  12. 2010
    Annual accounts 201086 k €↓
  13. 2009
    Annual accounts 2009182,8 k €↑
  14. 2008
    Annual accounts 200887,3 k €↑
  15. 2007
    Annual accounts 200776,5 k €↑
  16. 2006
    Annual accounts 2006-84 k €
  17. 2006
    Name changeVISYS
  18. 14/10/2004
    IncorporationPublic limited company