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SARTEMA SA

Active
Public limited companyfounded 1991active for 35 yearsSasserotte 4, 4910 Theux, BelgiumKBO/BCE: BE 0444.818.838
Summary

SARTEMA SA has been active since 1991 and the Belgian Official Gazette contains no insolvency signals. The CBE does carry 6 administrative register entries (see administrative flags). The 2025 annual accounts show equity of €312,464 and a net result of -€16,453. Equity is shrinking by about 6.2% per year across the filed financial years. Its solvency ranks better than 78% of 1,557 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Activity
Holiday cottages, homes and apartments
NACE 55203
3rd oldest company in Theux, Accommodation and food service sector1 site
Size
€526,401total assets 2025
Equity
€312,464
Loss
-€16,453
Turnover not published (micro format)
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Accounts 30 days early0 of 3 deeds read
Why 68raises riskLiquidity: current ratio 0.061 of the last 3 late6 ex-officio strike-offs in the KBOlowers riskFounded in 1991Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 75% of its sector peers (NACE 55, micro)
Financial strength · tick = 2024
Strong
Solvency 84+13
equity 59.4% of total assets
Liquidity 62+16
short-term debt 40.6%
Profitability 65+28
return on assets -3.1%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,513 companies, NACE 55, micro)
Last 24 months 11-2024: 14.0% 12-2024: 15.6%▲ +1.6 percentage points vs 11-2024highest value 01-2025: 15.6%● unchanged vs 12-2024highest value 02-2025: 15.6%● unchanged vs 01-2025highest value 03-2025: 3.3%▼ -12.3 percentage points vs 02-2025 04-2025: 3.7%▲ +0.4 percentage points vs 03-2025 05-2025: 2.9%▼ -0.8 percentage points vs 04-2025 06-2025: 2.9%● unchanged vs 05-2025 07-2025: 3.2%▲ +0.3 percentage points vs 06-2025 08-2025: 3.2%● unchanged vs 07-2025 09-2025: 2.8%▼ -0.4 percentage points vs 08-2025 10-2025: 2.8%● unchanged vs 09-2025 11-2025: 2.8%● unchanged vs 10-2025 12-2025: 2.8%● unchanged vs 11-2025 01-2026: 2.8%● unchanged vs 12-2025 02-2026: 2.6%▼ -0.2 percentage points vs 01-2026 03-2026: 2.9%▲ +0.3 percentage points vs 02-2026 04-2026: 1.1%▼ -1.8 percentage points vs 03-2026lowest value 05-2026: 1.1%● unchanged vs 04-2026lowest value 06-2026: 1.1%● unchanged vs 05-2026lowest value 07-2026: 1.1%● unchanged vs 06-2026lowest value 08-2026: 1.1%● unchanged vs 07-2026lowest value 09-2026: 1.1%● unchanged vs 08-2026lowest value 10-2026: 1.1%● unchanged vs 09-2026lowest value
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.06, compared with 0.0 in 2024; short-term debt: 40.6% of total assets), and 40.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro): better than 77% on solvency, 77% on liquidity, 51% on profitability and 95% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.06
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 of the last 3 late
NBB · filings
raises risk · 6 ex-officio strike-offs in the KBO
KBO publications
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €312,464
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
29 days early
2023
293 days late
2022
659 days late
2021
75 days late
2020
440 days late
2019
805 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 316 days after the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
6 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
UBO non-compliance×6
Searched, nothing found (1)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 filed years within 219 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end12-10-2026 today30-04-2027 deadline
  1. UBO non-complianceevent 23-06-2026
  2. UBO non-complianceevent 22-04-2026
  3. Annual accounts filedfinancial year 2025 · micro…

Key points

  • Risk: 7 loss-making years in a rowloss financial year 2025 -€16,453 View
  • Positive: Equity rose in 2025from €136,917 to €312,464 ▲ 128% View
  • Positive: 3rd oldest company in Theux, Accommodation and food service sectorin the Checked rankings No. 3 View

By topic

Financials

Financial year
2025
Total assets
€526,401
Loss
-€16,453
Solvency
59.4%
Total assets▲ 78.3%
Net result
20192025
Go to Financials

Timeline

Events
32
Since
1993
Next accounts
by 30-04-2027
  1. 30-09-2025Equity above €200,000
  2. 27-06-2025UBO non-compliance
  3. 20-06-2025UBO non-compliance
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Holiday cottages, homes and apartmentsNACE 55203
Founded
01-08-1991
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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