IQBAL.SATI

Active

Private limited companyfounded 201412 yrs activePlace Saint-Pierre 29, 7340 Colfontaine, BelgiumKBO/BCE: BE 0556.970.139

The computed 12-month bankruptcy probability of IQBAL.SATI is 1.6% (moderate). The 2024 annual accounts show equity of €90k and a net result of €-2k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 15867 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability49▼-23

Solvency49▼-36

Growth64▼-17

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 1.6 against 2.51 in 2023; short-term debt: 58.1% and cash: 6.1% of total assets), but 76.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

23.8%

Return on assets

-0.6%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

76 d late

2023

94 d early

2022

24 d late

2021

330 d late

2020

150 d late

2019

101 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€740k▲ 5.3%

2022 · €703k

2018: €347k 2019: €549k 2020: €528k 2021: €726k 2022: €703k

2018 → 2023

EBIT margin

3.9%▲ 1.1pp

2022 · 2.7%

2018: 0.4% 2019: 3.7% 2020: 0.0% 2021: 0.8% 2022: 2.7%

2018 → 2023

Net result

€-2k

2023 · €24k

2018: €2k 2019: €15k 2020: €2k 2021: €7k 2022: €15k 2023: €24k

2018 → 2024

Working capital

€133k▲ 47.5%

2023 · €90k

2018: €25k 2019: €40k 2020: €40k 2021: €47k 2022: €59k 2023: €90k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€528k-€726k▲ 37.5%€703k▼ 3.3%€740k▲ 5.3%

Equity€44k-€51k▲ 15.1%€66k▲ 29.2%€91k▲ 37.4%€90k▼ 0.9%

Operating result€205-€6k▲ 2,798%€19k▲ 220%€28k▲ 50.0%€24k▼ 14.8%

Net result€2k-€7k▲ 179%€15k▲ 123%€24k▲ 60.1%€-2k

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 15% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €379k

93.1%

Fixed assets €26k▲ 2,499%

Current assets €353k▲ 136%

Equity and liabilities €379k

23.8%

76.2%

Equity €90k▼ 0.9%

Debt €289k▲ 386%

The debt ratio rises from 39.5% to 76.2%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€27k▼

2023 · €32k

Cash flow

€711▼

2023 · €28k

Solvency

23.8%▼

2023 · 60.5%

Current ratio

1.60▼

2023 · 2.51

Quick ratio

1.23▲

2023 · 0.05

Debt / equity

3.21▲

2023 · 0.65

ROE

-2.5%▼

2023 · 26.3%

ROA

-0.6%▼

2023 · 15.9%

Interest coverage

3.72▼

2023 · 7.08

Debt

€289k▲

2023 · €59k

Debt ≤ 1 year

€220k▲

2023 · €59k

Debt > 1 year

€68k

Income taxes

€19k

Staff costs

€17k▲

2023 · €12k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€150k€379k▲

Fixed assets21/28€1k€26k▲

Tangible fixed assets22/27-€23k

Plant, machinery and equipment23-€10k

Other tangible fixed assets26-€13k

Financial fixed assets28€1k€3k▲

Current assets29/58€149k€353k▲

Stocks and contracts in progress3€146k€83k▼

Stocks30/36€146k€83k▼

Amounts receivable within one year40/41€2k€247k▲

Trade receivables40€2k€72k▲

Other amounts receivable41-€175k

Cash at bank and in hand54/58€2k€23k▲

Equity and liabilities

Total equity and liabilities10/49€150k€379k▲

Equity10/15€91k€90k▼

Contributions10/11€19k€21k▲

Capital10€19k-

Issued capital100€19k-

Reserves13€2k€60k▲

Non-distributable reserves130/1€2k-

Legal reserve130€2k-

Distributable reserves133-€60k

Profit (loss) carried forward14€70k€9k▼

Amounts payable17/49€59k€289k▲

Amounts payable after more than one year17-€68k

Financial debts170/4-€68k

Amounts payable within one year42/48€59k€220k▲

Current portion of amounts payable after more than one year42-€79k

Trade debts44€51k€99k▲

Suppliers440/4€51k€99k▲

Taxes, remuneration and social security45€9k€35k▲

Taxes450/3€4k€32k▲

Remuneration and social security454/9€4k€3k▼

Other amounts payable47/48-€7k

Income statement Code20232024

Turnover70€740k-

Goods, raw materials, services and sundry goods60/61€693k-

Remuneration, social security and pensions62€12k€17k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼

Other operating charges640/8€2k€2k▼

Gross operating margin9900€47k€47k▼

Operating profit (loss)9901€28k€24k▼

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€5k€7k▲

Recurring financial charges65€5k€7k▲

Profit (loss) for the period before taxes9903€24k€17k▼

Income taxes67/77-€19k

Profit (loss) for the period9904€24k€-2k▼

Profit (loss) for the period to be appropriated9905€24k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€70k€69k▼

Profit (loss) brought forward from the previous period14P€46k€72k▲

Transfer from equity791/2-€2k

Transfer to equity691/2-€62k

To contributions691-€2k

To other reserves6921-€60k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

15-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 76 days late

2024

31-12

Financial Weakest financial yearnet €-2k ▼109%

Net result drops to €-2k, the lowest in the series.

06-05

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

28-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2018net €24k ▲60.1%

Operating result €28k, net result €24k, both a record.

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

26-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 330 days late

2021

28-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 150 days late

2020

09-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 101 days late

2019

22-11

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 114 days late

2018

30-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

09-10

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 70 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Colfontaine · 3 establishment units since 2014

establishment All 3 establishment units on the map

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.

Place Saint-Pierre 297340 Colfontaine

Ground area

1,633 m²

Building footprint

292 m²

Volume, LiDAR

2,867 m³

3 parcels, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.

3 establishment units

The Shop S

Place Saint-Pierre 29, 7340 ColfontaineNACE 45206

since 20142.240.065.342

Librairie St-Pierre

Place Saint-Pierre 22, 7340 ColfontaineRetail trade

since 20182.280.763.869

IQBAL

Rue de Pâturages 61, 7340 ColfontaineRetail trade

since 20242.359.979.712

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53302C0135/00M000	Wallonia	897 m²	1 · 95 m²	12.6 m · 4 fl.
53302B0475/00A004	Wallonia	598 m²	1 · 89 m²	13.1 m · 4 fl.
53302B1337/00T002	Wallonia	138 m²	1 · 109 m²	11.1 m · 3 fl.