S.A.T. CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of S.A.T. CONSTRUCT is 2.4% (moderate). The 2025 annual accounts show equity of €3,305 and a net result of €4,565. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 4564 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+65
Solvency30▲+9
Growth32=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.03 against 0.98 in 2024; short-term debt: 94.9% and cash: 3.9% of total assets), and 94.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4564 sector peers (2025).
NBB · sector comparisonPosition among 4564 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 5 filingsDeviation from the deadline
2025
6 d late
2024
27 d late
2023
20 d late
2022
28 d late
2021
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€3,305
2024 · -€1,260
Total assets
€65,069▲ 81.4%
2024 · €35,876
Net result
€4,565
2024 · -€2,182
Working capital
€1,841
2024 · -€589
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,804--€8,196€1,812-€1,401€5,222
Net result€7,039within the sector's middle half--€9,404below the sector's middle half€787within the sector's middle half-€2,182below the sector's middle half€4,565within the sector's middle half
Equity€9,539below the sector's middle half-€135below the sector's middle half▼ 98.6%€922below the sector's middle half▲ 584%-€1,260below the sector's middle half€3,305below the sector's middle half
Total assets€27,590below the sector's middle half-€33,994below the sector's middle half▲ 23.2%€40,094below the sector's middle half▲ 17.9%€35,876below the sector's middle half▼ 10.5%€65,069within the sector's middle half▲ 81.4%
Debt€18,051-€33,859▲ 87.6%€39,172▲ 15.7%€37,136▼ 5.2%€61,764▲ 66.3%
Working capital€4,236--€4,795-€2,457▲ 48.8%-€589▲ 76.0%€1,841
Solvency34.6%within the sector's middle half-0.4%below the sector's middle half▼ 34.2pp2.3%below the sector's middle half▲ 1.9pp-3.5%below the sector's middle half▼ 5.8pp5.1%below the sector's middle half▲ 8.6pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,222 after a loss of €1,401 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,069
Fixed assets
€1,464 ▼ 19.9%
Current assets
€63,605 ▲ 86.8%
Equity and liabilities €65,069
Equity
€3,305
Debt
€61,764
Debt finances 94.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€6,578▲
2024 · €149
Cash flow
€5,921▲
2024 · -€632
Current ratio
1.03▲
2024 · 0.98
Quick ratio
0.83▲
2024 · 0.64
Debt to equity
18.69▲
2024 · -29.47
ROE
138.1%
ROA
7.0%▲
2024 · -6.1%
Interest coverage
10.00▲
2024 · 0.19
Debt ≤ 1 year
€61,764▲
2024 · €34,636
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €37,753 | €3,293 | €41 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €697 | €1,425 | €1,551 | €1,551 | €1,356 | ▼ 12.6% |
| Other operating charges640/8 | €340 | - | €662 | €1,239 | €2,448 | ▲ 97.6% |
| Gross operating margin9900 | €49,593 | -€3,478 | €4,065 | €1,388 | €9,026 | ▲ 550% |
| Operating profit (loss)9901 | €10,804 | -€8,196 | €1,812 | -€1,401 | €5,222 | ▲ 473% |
| Financial income75/76B | €43 | €181 | €104 | - | €1 | - |
| Recurring financial income75 | €43 | €181 | €104 | - | €1 | - |
| Financial charges65/66B | €1,058 | €1,389 | €1,128 | €781 | €658 | ▼ 15.8% |
| Recurring financial charges65 | €1,058 | €1,389 | €1,128 | €781 | €658 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €9,789 | -€9,404 | €787 | -€2,182 | €4,565 | ▲ 309% |
| Income taxes67/77 | €2,750 | - | - | - | - | - |
| Profit (loss) for the period9904 | €7,039 | -€9,404 | €787 | -€2,182 | €4,565 | ▲ 309% |
| Profit (loss) for the period to be appropriated9905 | €7,039 | -€9,404 | €787 | -€2,182 | €4,565 | ▲ 309% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,590 | €33,994 | €40,094 | €35,876 | €65,069 | ▲ 81.4% |
| Fixed assets21/28 | €5,303 | €4,930 | €3,379 | €1,829 | €1,464 | ▼ 19.9% |
| Tangible fixed assets22/27 | €5,303 | €4,930 | €3,379 | €1,829 | €1,464 | ▼ 19.9% |
| Plant, machinery and equipment23 | €5,303 | €4,930 | €3,379 | €1,829 | €503 | ▼ 72.5% |
| Furniture and vehicles24 | - | - | - | - | €961 | - |
| Current assets29/58 | €22,287 | €29,064 | €36,714 | €34,047 | €63,605 | ▲ 86.8% |
| Stocks and contracts in progress3 | €7,781 | €9,156 | €10,434 | €11,921 | €12,228 | ▲ 2.6% |
| Stocks30/36 | €7,781 | €9,156 | €10,434 | €11,921 | €12,228 | ▲ 2.6% |
| Amounts receivable within one year40/41 | €11,233 | €17,583 | €10,911 | €20,658 | €48,812 | ▲ 136% |
| Trade receivables40 | €6,118 | €13,352 | - | €834 | €4,470 | ▲ 436% |
| Other amounts receivable41 | €5,115 | €4,231 | €10,911 | €19,824 | €44,343 | ▲ 124% |
| Cash at bank and in hand54/58 | €2,091 | €461 | €13,660 | €41 | €2,565 | ▲ 6,106% |
| Deferred charges and accrued income490/1 | €1,182 | €1,864 | €1,710 | €1,426 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,590 | €33,994 | €40,094 | €35,876 | €65,069 | ▲ 81.4% |
| Equity10/15 | €9,539 | €135 | €922 | -€1,260 | €3,305 | ▲ 362% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €7,039 | €7,039 | €7,039 | €7,039 | €7,039 | = |
| Distributable reserves133 | €7,039 | €7,039 | €7,039 | €7,039 | €7,039 | = |
| Profit (loss) carried forward14 | - | -€9,404 | -€8,617 | -€10,799 | -€6,234 | ▲ 42.3% |
| Amounts payable17/49 | €18,051 | €33,859 | €39,172 | €37,136 | €61,764 | ▲ 66.3% |
| Amounts payable after more than one year17 | - | - | - | €2,500 | - | - |
| Other amounts payable178/9 | - | - | - | €2,500 | - | - |
| Amounts payable within one year42/48 | €18,051 | €33,859 | €39,172 | €34,636 | €61,764 | ▲ 78.3% |
| Trade debts44 | €12,312 | €27,650 | €36,941 | €14,265 | €36,771 | ▲ 158% |
| Suppliers440/4 | €12,312 | €27,650 | €36,941 | €14,265 | €36,771 | ▲ 158% |
| Taxes, remuneration and social security45 | €3,599 | €4,750 | - | €2,532 | - | - |
| Taxes450/3 | €2,874 | €2,750 | - | - | - | - |
| Remuneration and social security454/9 | €725 | €2,000 | - | €2,532 | - | - |
| Other amounts payable47/48 | €2,140 | €1,459 | €2,231 | €17,839 | €24,993 | ▲ 40.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,039 | -€9,404 | €787 | -€2,182 | €4,565 | ▲ 309% |
| + Depreciation and write-downs630 | €697 | €1,425 | €1,551 | €1,551 | €1,356 | ▼ 12.6% |
| Operating cash flow (approximation) | €7,736 | -€7,980 | €2,338 | -€632 | €5,921 | ▲ 1,037% |
| Investment in fixed assets (approximation) | - | -€1,052 | €0 | €0 | -€991 | - |
| Change in cash | - | -€1,630 | €13,198 | -€13,618 | €2,524 | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Back to profitnet €4,565
Net result €4,565 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Back to profitnet €787
Net result €787 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€9,404
Net result drops to -€9,404, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Berloz · 1 establishment unit since 2020
Ground area
290 m²
Building footprint
286 m²
Parcel 64018B0138/00L000, Wallonia. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
S.A.T. CONSTRUCT
since 20202.308.723.427
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64018B0138/00L000 | Wallonia | 290 m² | 1 · 286 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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REDFOREST
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Of 21,225 companies in sector 81300 we hold annual accounts for 4,369. 1,256 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755717793
Also
9925:BE0755717793
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.