Sartau
ActiveSummary
Sartau has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €512k and a net result of €3k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-10
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 34.15 against 38.4 in 2024; short-term debt: 1.4% and cash: 3.1% of total assets), and 1.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.6%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
51 d early
2023
44 d early
2022
24 d late
2021
52 d early
2020
72 d early
2019
63 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€512k▲ 0.6%
2024 · €509k
Total assets
€519k▲ 0.8%
2024 · €515k
Net result
€3k▼ 87.0%
2024 · €23k
Working capital
€247k▲ 1.2%
2024 · €244k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€521€-2k€-8k▼ 317%€1k€1k▲ 13.2%
Net result€1k€-447€-7k▼ 1,410%€23k€3k▼ 87.0%
Equity€493k▲ 0.3%€492k▼ 0.1%€485k▼ 1.4%€509k▲ 4.8%€512k▲ 0.6%
Total assets€493k=€493k=€489k▼ 0.9%€515k▲ 5.4%€519k▲ 0.8%
Debt€329▼ 79.5%€999▲ 204%€3k▲ 248%€7k▲ 87.5%€7k▲ 14.2%
Working capital€223k▲ 0.8%€222k▼ 0.2%€215k▼ 3.0%€244k▲ 13.1%€247k▲ 1.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €519k
Fixed assets
€265k =
Current assets
€254k ▲ 1.6%
Equity and liabilities €519k
Equity
€512k ▲ 0.6%
Debt
€7k ▲ 14.2%
Debt's share of the balance-sheet total rises from 1.3% to 1.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
34.15▼
2024 · 38.40
Debt to equity
0.01▲
2024 · 0.01
ROE
0.6%▼
2024 · 4.6%
ROA
0.6%▼
2024 · 4.5%
Debt ≤ 1 year
€7k▲
2024 · €7k
Income taxes
€1k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €383 | €0 | - | - | - | - |
| Other operating charges640/8 | €3k | €3k | €4k | €3k | €3k | ▲ 11.7% |
| Gross operating margin9900 | €4k | €1k | €-3k | €4k | €5k | ▲ 12.1% |
| Operating profit (loss)9901 | €521 | €-2k | €-8k | €1k | €1k | ▲ 13.2% |
| Financial income75/76B | €902 | €1k | €906 | €28k | €3k | ▼ 89.8% |
| Recurring financial income75 | €902 | €1k | €806 | €18k | €3k | ▼ 84.1% |
| Non-recurring financial income76B | - | - | €100 | €10k | €0 | ▼ 100% |
| Financial charges65/66B | €68 | €84 | €84 | €84 | €63 | ▼ 25.0% |
| Recurring financial charges65 | €68 | €84 | €84 | €84 | €63 | ▼ 25.0% |
| Profit (loss) for the period before taxes9903 | €1k | €-447 | €-7k | €29k | €4k | ▼ 86.1% |
| Income taxes67/77 | €0 | - | - | €6k | €1k | ▼ 82.8% |
| Profit (loss) for the period9904 | €1k | €-447 | €-7k | €23k | €3k | ▼ 87.0% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-447 | €-7k | €23k | €3k | ▼ 87.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €493k | €493k | €489k | €515k | €519k | ▲ 0.8% |
| Fixed assets21/28 | €270k | €270k | €270k | €265k | €265k | = |
| Tangible fixed assets22/27 | €269k | €269k | €269k | €264k | €264k | = |
| Land and buildings22 | €269k | €269k | €269k | €264k | €264k | = |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €932 | €932 | €932 | €932 | €932 | = |
| Current assets29/58 | €223k | €223k | €219k | €250k | €254k | ▲ 1.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €234k | - |
| Other amounts receivable291 | - | - | - | - | €234k | - |
| Amounts receivable within one year40/41 | €2k | €2k | €1k | €959 | €3k | ▲ 235% |
| Trade receivables40 | €236 | €135 | €0 | - | - | - |
| Other amounts receivable41 | €2k | €2k | €1k | €959 | €3k | ▲ 235% |
| Current investments50/53 | €123k | €123k | €123k | €230k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €98k | €98k | €94k | €18k | €16k | ▼ 11.2% |
| Deferred charges and accrued income490/1 | €97 | €0 | €357 | €716 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €493k | €493k | €489k | €515k | €519k | ▲ 0.8% |
| Equity10/15 | €493k | €492k | €485k | €509k | €512k | ▲ 0.6% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Capital10 | €75k | €75k | €75k | €75k | €75k | = |
| Issued capital100 | €75k | €75k | €75k | €75k | €75k | = |
| Reserves13 | €35k | €35k | €35k | €35k | €35k | = |
| Non-distributable reserves130/1 | €35k | €35k | €35k | €35k | €35k | = |
| Legal reserve130 | €35k | €35k | €35k | €35k | €35k | = |
| Profit (loss) carried forward14 | €382k | €382k | €375k | €398k | €401k | ▲ 0.8% |
| Amounts payable17/49 | €329 | €999 | €3k | €7k | €7k | ▲ 14.2% |
| Amounts payable within one year42/48 | €329 | €999 | €3k | €7k | €7k | ▲ 14.2% |
| Trade debts44 | €115 | €625 | €3k | €648 | €7k | ▲ 1,048% |
| Suppliers440/4 | €115 | €625 | €3k | €648 | €7k | ▲ 1,048% |
| Taxes, remuneration and social security45 | €213 | €374 | €0 | €6k | €0 | ▼ 100% |
| Taxes450/3 | €213 | €374 | €0 | €6k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-447 | €-7k | €23k | €3k | ▼ 87.0% |
| + Depreciation and write-downs630 | €383 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €2k | €-447 | €-7k | €23k | €3k | ▼ 87.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €5k | €0 | ▼ 100% |
| Change in cash | - | €9 | €-4k | €-76k | €-2k | ▲ 97.3% |
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
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €509k ▲4.8%
Equity rises from €485k to €509k.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 678.15
Current ratio from 138.82 to 678.15; short-term debt falls from €2k to €329.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €959k
Net result €959k after one loss-making year.
31-12
Financial
Liquidity times 23current ratio 276.42
Current ratio from 12.11 to 276.42; short-term debt falls from €13k to €812.
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Chaudfontaine · 1 establishment unit since 1970
Ground area
17.5 ha
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Haras, 4050 Chaudfontaine
since 19702.003.484.817
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62022B0038/00F000 | Wallonia | 11.4 ha | - | - |
| 62022B0113/00A000 | Wallonia | 6.0 ha | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 4,564 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-10-1969
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.