SartiCorp
ActiveSummary
The annual accounts of SartiCorp for fiscal year 2024 show a net loss of 90% of the equity at the start of that year. The 2024 annual accounts show equity of €27,678 and a net result of -€238,407. Equity is shrinking by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 37964 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability15▲+1
Solvency26▼-10
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.23 against 0.47 in 2023; short-term debt: 40.1% and cash: 0.2% of total assets), and 99.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
0.6%
Return on assets
-4.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€238,407
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 37964 sector peers (2024).
NBB · sector comparisonPosition among 37964 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
29 d late
2022
30 d late
2021
31 d late
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€27,678▼ 89.6%
2023 · €266,085
Total assets
€4.9m▲ 101%
2023 · €2.4m
Net result
-€238,407▼ 156%
2023 · -€93,022
Working capital
-€1.5m▼ 1,531%
2023 · -€93,611
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€10,437▼ 319%-€13,863▼ 32.8%-€38,095▼ 175%-€82,473▼ 116%-€204,417▼ 148%
Net result-€10,264below the sector's middle half▼ 306%-€17,429below the sector's middle half▼ 69.8%-€44,170below the sector's middle half▼ 153%-€93,022below the sector's middle half▼ 111%-€238,407below the sector's middle half▼ 156%
Equity€420,706above the sector's middle half▲ 67.6%€403,276above the sector's middle half▼ 4.1%€359,107above the sector's middle half▼ 11.0%€266,085above the sector's middle half▼ 25.9%€27,678within the sector's middle half▼ 89.6%
Total assets€427,343within the sector's middle half▲ 66.8%€431,466within the sector's middle half▲ 1.0%€1.1mabove the sector's middle half▲ 159%€2.4mabove the sector's middle half▲ 119%€4.9mabove the sector's middle half▲ 101%
Debt€6,637▲ 25.8%€28,190▲ 325%€758,784▲ 2,592%€2.2m▲ 187%€4.9m▲ 124%
Working capital€420,706above the sector's middle half▲ 67.6%€166,640above the sector's middle half▼ 60.4%€79,376within the sector's middle half▼ 52.4%-€93,611below the sector's middle half-€1.5mbelow the sector's middle half▼ 1,531%
Solvency98.4%above the sector's middle half▲ 0.5pp93.5%above the sector's middle half▼ 5.0pp32.1%within the sector's middle half▼ 61.3pp10.9%below the sector's middle half▼ 21.3pp0.6%below the sector's middle half▼ 10.3pp
Current ratio64.39above the sector's middle half▲ 15.8020.20above the sector's middle half▼ 44.181.95within the sector's middle half▼ 18.250.47below the sector's middle half▼ 1.480.23below the sector's middle half▼ 0.24
Return on assets (ROA)-2.4%below the sector's middle half▼ 1.4pp-4.0%below the sector's middle half▼ 1.6pp-4.0%below the sector's middle half▲ 0.1pp-3.8%below the sector's middle half▲ 0.2pp-4.8%below the sector's middle half▼ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 stays negative: a loss of €204,417 in 2024 against €82,473 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.9m
Fixed assets
€4.5m ▲ 89.1%
Current assets
€446,954 ▲ 437%
Equity and liabilities €4.9m
Equity
€27,678 ▼ 89.6%
Debt
€4.9m ▲ 124%
Debt's share of the balance-sheet total rises from 89.1% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10,561▲
2023 · -€31,538
Cash flow
-€23,429▲
2023 · -€42,086
ROE
-861.4%▼
2023 · -35.0%
Interest coverage
0.31▲
2023 · -2.99
Debt ≤ 1 year
€2.0m▲
2023 · €176,782
Debt > 1 year
€2.9m▲
2023 · €2.0m
A ratio outside any meaningful range has been withheld (balance sheet total €4.9m, equity €27,678).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 819 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.3%
stopped otherwise
95%
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 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 819 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,262 | €31,351 | €50,935 | €214,978 | ▲ 322% |
| Other operating charges640/8 | - | €568 | €568 | €604 | €1,366 | ▲ 126% |
| Gross operating margin9900 | -€10,387 | -€8,034 | -€6,177 | -€30,934 | €11,927 | ▲ 139% |
| Operating profit (loss)9901 | -€10,437 | -€13,863 | -€38,095 | -€82,473 | -€204,417 | ▼ 148% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €500 | €0 | - | - | - | - |
| Financial charges65/66B | - | €3,566 | €6,074 | €10,548 | €33,990 | ▲ 222% |
| Recurring financial charges65 | €327 | €3,566 | €6,074 | €10,548 | €33,990 | ▲ 222% |
| Profit (loss) for the period before taxes9903 | -€10,264 | -€17,429 | -€44,170 | -€93,022 | -€238,407 | ▼ 156% |
| Profit (loss) for the period9904 | -€10,264 | -€17,429 | -€44,170 | -€93,022 | -€238,407 | ▼ 156% |
| Profit (loss) for the period to be appropriated9905 | -€10,264 | -€17,429 | -€44,170 | -€93,022 | -€238,407 | ▼ 156% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €427,343 | €431,466 | €1.1m | €2.4m | €4.9m | ▲ 101% |
| Fixed assets21/28 | - | €256,147 | €954,799 | €2.4m | €4.5m | ▲ 89.1% |
| Tangible fixed assets22/27 | - | €256,147 | €954,799 | €2.4m | €4.5m | ▲ 89.1% |
| Land and buildings22 | - | €256,147 | €954,799 | €2.4m | €2.9m | ▲ 23.8% |
| Plant, machinery and equipment23 | - | - | - | - | €1.4m | - |
| Furniture and vehicles24 | - | - | - | - | €105,984 | - |
| Current assets29/58 | €427,343 | €175,319 | €163,091 | €83,171 | €446,954 | ▲ 437% |
| Amounts receivable within one year40/41 | €2,741 | €7,932 | €32,829 | €33,125 | €431,966 | ▲ 1,204% |
| Trade receivables40 | - | €2,475 | €0 | - | €180,353 | - |
| Other amounts receivable41 | - | €5,457 | €32,829 | €33,125 | €251,613 | ▲ 660% |
| Cash at bank and in hand54/58 | €424,102 | €167,387 | €130,262 | €46,962 | €9,744 | ▼ 79.3% |
| Deferred charges and accrued income490/1 | - | €0 | - | €3,084 | €5,244 | ▲ 70.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €427,343 | €431,466 | €1.1m | €2.4m | €4.9m | ▲ 101% |
| Equity10/15 | €420,706 | €403,276 | €359,107 | €266,085 | €27,678 | ▼ 89.6% |
| Contributions10/11 | - | €433,500 | €433,500 | €433,500 | €433,500 | = |
| Profit (loss) carried forward14 | -€12,794 | -€30,224 | -€74,393 | -€167,415 | -€405,822 | ▼ 142% |
| Amounts payable17/49 | €6,637 | €28,190 | €758,784 | €2.2m | €4.9m | ▲ 124% |
| Amounts payable after more than one year17 | - | €19,511 | €675,069 | €2.0m | €2.9m | ▲ 44.9% |
| Financial debts170/4 | - | €19,511 | €675,069 | €2.0m | €2.9m | ▲ 44.9% |
| Amounts payable within one year42/48 | €6,637 | €8,679 | €83,715 | €176,782 | €2.0m | ▲ 1,017% |
| Current portion of amounts payable after more than one year42 | - | - | €63,648 | €95,627 | €286,915 | ▲ 200% |
| Trade debts44 | €388 | €0 | €8,772 | €69,152 | €828,823 | ▲ 1,099% |
| Suppliers440/4 | - | €0 | €8,772 | €69,152 | €828,823 | ▲ 1,099% |
| Taxes, remuneration and social security45 | - | - | - | - | €335 | - |
| Taxes450/3 | - | - | - | - | €335 | - |
| Other amounts payable47/48 | - | €8,679 | €11,294 | €12,003 | €858,043 | ▲ 7,048% |
| Accrued charges and deferred income492/3 | - | - | - | - | €10,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,264 | -€17,429 | -€44,170 | -€93,022 | -€238,407 | ▼ 156% |
| + Depreciation and write-downs630 | - | €5,262 | €31,351 | €50,935 | €214,978 | ▲ 322% |
| Operating cash flow (approximation) | -€10,264 | -€12,168 | -€12,819 | -€42,086 | -€23,429 | ▲ 44.3% |
| Investment in fixed assets (approximation) | - | - | -€730,003 | -€1.5m | -€2.3m | ▼ 59.0% |
| Change in cash | - | -€256,715 | -€37,125 | -€83,300 | -€37,218 | ▲ 55.3% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
31-12
Financial
Weakest financial yearnet -€238,407
Net result drops to -€238,407, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Liège · 1 establishment unit since 2019
Ground area
2,330 m²
Building footprint
208 m²
Volume, LiDAR
950 m³
Parcel 62002C0070/00V005, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SartiCorp
since 20192.284.729.090
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002C0070/00V005 | Wallonia | 2,330 m² | 1 · 208 m² | 9.5 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 33,810 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
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716660843
Also
9925:BE0716660843
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.