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SARTEC

Active
Private limited companyfounded 20233 yrs activeOude Eksaardebaan 6, 9160 Lokeren, BelgiumKBO/BCE: BE 0799.350.769
Summary

The computed 12-month bankruptcy probability of SARTEC is 1.7% (moderate). The 2025 annual accounts show equity of €25,104 and a net result of €11,469. Its solvency ranks better than 10% of 407 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability40▼-2
Solvency27=
Growth78
Track record94
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.02 in 2024; short-term debt: 97.7% and cash: 0% of total assets), and 97.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more 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 2025
Solvency, return and age of the figures
Solvency
2.3%
Return on assets
1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 407 sector peers (2025).
NBB · sector comparison
Position among 407 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-02-2026, 15 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 · 2 filings
Deviation from the deadline
2025
15 d late
2024
203 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 109 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
neutral · 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

History

SARTEC was incorporated on 9 March 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€25,104▲ 84.1%
2024 · €13,635
Total assets
€1.1m▲ 73.3%
2024 · €641,178
Net result
€11,469▲ 7.8%
2024 · €10,635
Working capital
€25,104▲ 84.1%
2024 · €13,635
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line20242025
Operating result€13,507-€14,497▲ 7.3%
Net result€10,635within the sector's middle half-€11,469within the sector's middle half▲ 7.8%
Equity€13,635below the sector's middle half-€25,104below the sector's middle half▲ 84.1%
Total assets€641,178below the sector's middle half-€1.1mwithin the sector's middle half▲ 73.3%
Debt€627,543-€1.1m▲ 73.1%
Working capital€13,635below the sector's middle half-€25,104within the sector's middle half▲ 84.1%
Solvency2.1%below the sector's middle half-2.3%below the sector's middle half▲ 0.1pp
Current ratio1.02below the sector's middle half-1.02below the sector's middle half=
Return on assets (ROA)1.7%within the sector's middle half-1.0%within the sector's middle half▼ 0.6pp
above within below the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000Operating result 2024: €13,507€13,507Net result 2024: €10,635€10,635Operating result 2025: €14,497€14,497Net result 2025: €11,469€11,46920242025€0€5,000€10,000€15,000Operating result 2024: €13,507€13,500Net result 2024: €10,635€10,600Operating result 2025: €14,497€14,500Net result 2025: €11,469€11,50020242025
The operating result rises in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.1m
Equity €25,104 ▲ 84.1%
Debt €1.1m ▲ 73.1%
Debt's share of the balance-sheet total falls from 97.9% to 97.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
43.27▼
2024 · 46.02
ROE
45.7%▼
2024 · 78.0%
Debt ≤ 1 year
€1.1m▲
2024 · €627,543
Income taxes
€2,954▲
2024 · €2,829
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
1.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 1,514 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 27 lines
Balance sheet Code20242025
Assets
Total assets20/58€641,178€1.1m▲
Current assets29/58€641,178€1.1m▲
Amounts receivable within one year40/41€639,998€1.1m▲
Trade receivables40€639,998€1.1m▲
Other amounts receivable41-€40,700
Cash at bank and in hand54/58€1,180€53▼
Equity and liabilities
Total equity and liabilities10/49€641,178€1.1m▲
Equity10/15€13,635€25,104▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€10,635€22,104▲
Amounts payable17/49€627,543€1.1m▲
Amounts payable within one year42/48€627,543€1.1m▲
Trade debts44€624,714€1.1m▲
Suppliers440/4€624,714€1.1m▲
Taxes, remuneration and social security45€2,829€5,784▲
Taxes450/3€2,829€5,784▲
Income statement Code20242025
Other operating charges640/8€1,250€0▼
Gross operating margin9900€14,757€14,497▼
Operating profit (loss)9901€13,507€14,497▲
Financial charges65/66B€43€74▲
Recurring financial charges65€43€74▲
Profit (loss) for the period before taxes9903€13,464€14,423▲
Income taxes67/77€2,829€2,954▲
Profit (loss) for the period9904€10,635€11,469▲
Profit (loss) for the period to be appropriated9905€10,635€11,469▲
Appropriation of the result
Profit (loss) to be appropriated9906€10,635€22,104▲
Profit (loss) brought forward from the previous period14P-€10,635

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Other operating charges640/8€1,250€0▼ 100%
Gross operating margin9900€14,757€14,497▼ 1.8%
Operating profit (loss)9901€13,507€14,497▲ 7.3%
Financial charges65/66B€43€74▲ 72.1%
Recurring financial charges65€43€74▲ 72.1%
Profit (loss) for the period before taxes9903€13,464€14,423▲ 7.1%
Income taxes67/77€2,829€2,954▲ 4.4%
Profit (loss) for the period9904€10,635€11,469▲ 7.8%
Profit (loss) for the period to be appropriated9905€10,635€11,469▲ 7.8%
Line20242025Change
Assets
Total assets20/58€641,178€1.1m▲ 73.3%
Current assets29/58€641,178€1.1m▲ 73.3%
Amounts receivable within one year40/41€639,998€1.1m▲ 73.6%
Trade receivables40€639,998€1.1m▲ 67.3%
Other amounts receivable41-€40,700-
Cash at bank and in hand54/58€1,180€53▼ 95.5%
Equity and liabilities
Total equity and liabilities10/49€641,178€1.1m▲ 73.3%
Equity10/15€13,635€25,104▲ 84.1%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€10,635€22,104▲ 108%
Amounts payable17/49€627,543€1.1m▲ 73.1%
Amounts payable within one year42/48€627,543€1.1m▲ 73.1%
Trade debts44€624,714€1.1m▲ 73.0%
Suppliers440/4€624,714€1.1m▲ 73.0%
Taxes, remuneration and social security45€2,829€5,784▲ 104%
Taxes450/3€2,829€5,784▲ 104%
Line20242025Change
Profit (loss) for the period9904€10,635€11,469▲ 7.8%
Operating cash flow (approximation)€10,635€11,469▲ 7.8%
Change in cash--€1,127-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
15-02
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 15 days late
2025
22-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 203 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Lokeren · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
807 m²
Building footprint
124 m²
Volume, LiDAR
675 m³
Parcel 46383D0115/00K000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
SARTEC
Oude Eksaardebaan 6, 9160 LokerenAgents in non-specialised wholesale trade
since 20232.348.518.072
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46383D0115/00K000 Flanders 807 m² 1 · 124 m² 7.9 m · 2 fl.
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.

Similar companies · same sector, comparable size

Of 337 companies in sector 42219 we hold annual accounts for 149. 105 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
Founded09-03-2023
Fiscal year end30-06
Activities, NACEBEL 2025
42219Civil engineering
77320Rental and leasing activities
42220Construction of utility projects for electricity and telecommunications
42990Civil engineering
68201Renting and operating of own or leased residential real estate, excluding social housing
77110Renting and leasing of cars and light motor vehicles
77221Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:0799350769
Also 9925:BE0799350769
Registered 05-06-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.