SARTMIND
ActiveSummary
SARTMIND has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €103k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency30▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
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
5.4%
Return on assets
90.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 12%
← weakest
strongest →
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 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €6k
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 23-04-2026, 99 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
99 d early
2024
97 d early
2023
33 d early
2022
34 d early
2021
58 d early
2020
54 d early
2019
59 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
€6k▲ 14.3%
2024 · €5k
2019: €32k
2020: €110k▲ +242% vs 2019
2021: €158k▲ +43.7% vs 2020highest in 7 years
2022: €6k▼ -95.9% vs 2021
2023: €5k▼ -17.8% vs 2022lowest in 7 years
2024: €5k▲ +2.2% vs 2023
2025: €6k▲ +14.3% vs 2024
2019 → 2025
Total assets
€114k▼ 13.2%
2024 · €131k
2019: €48klowest in 7 years
2020: €123k▲ +155% vs 2019
2021: €201k▲ +63.1% vs 2020
2022: €241k▲ +19.8% vs 2021highest in 7 years
2023: €130k▼ -46.0% vs 2022
2024: €131k▲ +0.8% vs 2023
2025: €114k▼ -13.2% vs 2024
2019 → 2025
Net result
€103k▲ 16.6%
2024 · €88k
2019: €27klowest in 7 years
2020: €78k▲ +186% vs 2019
2021: €78k▲ +0.3% vs 2020
2022: €68k▼ -12.6% vs 2021
2023: €86k▲ +25.8% vs 2022
2024: €88k▲ +2.6% vs 2023
2025: €103k▲ +16.6% vs 2024highest in 7 years
2019 → 2025
Working capital
€5k▲ 1.0%
2024 · €5k
2019: €30k
2020: €107k▲ +260% vs 2019
2021: €156k▲ +46.0% vs 2020highest in 7 years
2022: €5k▼ -96.7% vs 2021
2023: €5k▼ -8.9% vs 2022lowest in 7 years
2024: €5k▲ +9.9% vs 2023
2025: €5k▲ +1.0% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€6k▼ 95.9%€5k▼ 17.8%€5k▲ 2.2%€6k▲ 14.3%
2021: €158khighest in 5 years
2022: €6k▼ -95.9% vs 2021
2023: €5k▼ -17.8% vs 2022lowest in 5 years
2024: €5k▲ +2.2% vs 2023
2025: €6k▲ +14.3% vs 2024
Operating result€98k-€86k▼ 11.9%€110k▲ 27.4%€111k▲ 1.6%€132k▲ 18.6%
2021: €98k
2022: €86k▼ -11.9% vs 2021lowest in 5 years
2023: €110k▲ +27.4% vs 2022
2024: €111k▲ +1.6% vs 2023
2025: €132k▲ +18.6% vs 2024highest in 5 years
Net result€78k-€68k▼ 12.6%€86k▲ 25.8%€88k▲ 2.6%€103k▲ 16.6%
2021: €78k
2022: €68k▼ -12.6% vs 2021lowest in 5 years
2023: €86k▲ +25.8% vs 2022
2024: €88k▲ +2.6% vs 2023
2025: €103k▲ +16.6% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€928 ▲ 350%
Current assets
€113k ▼ 13.7%
Equity and liabilities €114k
Equity
€6k ▲ 14.3%
Debt
€108k ▼ 14.4%
Debt's share of the balance-sheet total falls from 95.9% to 94.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€133k▲
2024 · €112k
Cash flow
€103k▲
2024 · €88k
Current ratio
1.05▲
2024 · 1.04
Debt to equity
17.44▼
2024 · 23.28
ROA
90.2%▲
2024 · 67.1%
Interest coverage
645.93▼
2024 · 1075.61
Debt ≤ 1 year
€108k▼
2024 · €126k
Income taxes
€29k▲
2024 · €23k
A ratio outside any meaningful range has been withheld (balance sheet total €114k, equity €6k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€131k€114k▼
Fixed assets21/28€206€928▲
Tangible fixed assets22/27€206€928▲
Furniture and vehicles24€206€928▲
Current assets29/58€131k€113k▼
Amounts receivable within one year40/41€24k€28k▲
Trade receivables40€24k€22k▼
Other amounts receivable41€429€6k▲
Cash at bank and in hand54/58€106k€84k▼
Deferred charges and accrued income490/1€1k€673▼
Equity and liabilities
Total equity and liabilities10/49€131k€114k▼
Equity10/15€5k€6k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€406€1k▲
Amounts payable17/49€126k€108k▼
Amounts payable within one year42/48€126k€108k▼
Trade debts44€627€1k▲
Suppliers440/4€627€1k▲
Taxes, remuneration and social security45€32k€14k▼
Taxes450/3€32k€14k▼
Other amounts payable47/48€93k€92k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€352€504▲
Other operating charges640/8€387€400▲
Gross operating margin9900€112k€133k▲
Operating profit (loss)9901€111k€132k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€104€205▲
Recurring financial charges65€104€205▲
Profit (loss) for the period before taxes9903€111k€132k▲
Income taxes67/77€23k€29k▲
Profit (loss) for the period9904€88k€103k▲
Profit (loss) for the period to be appropriated9905€88k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€103k▲
Profit (loss) brought forward from the previous period14P€289€406▲
Profit to be distributed694/7€88k€102k▲
Return on contributions (dividend)694€88k€102k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €910 | €684 | €352 | €504 | ▲ 43.3% |
| Other operating charges640/8 | - | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €99k | €87k | €111k | €112k | €133k | ▲ 18.6% |
| Operating profit (loss)9901 | €98k | €86k | €110k | €111k | €132k | ▲ 18.6% |
| Financial income75/76B | - | €0 | €0 | €0 | €1 | - |
| Recurring financial income75 | - | €0 | €0 | €0 | €1 | - |
| Financial charges65/66B | €114 | €115 | €120 | €104 | €205 | ▲ 97.6% |
| Recurring financial charges65 | €114 | €115 | €120 | €104 | €205 | ▲ 97.6% |
| Profit (loss) for the period before taxes9903 | €98k | €86k | €110k | €111k | €132k | ▲ 18.5% |
| Income taxes67/77 | €20k | €18k | €24k | €23k | €29k | ▲ 25.7% |
| Profit (loss) for the period9904 | €78k | €68k | €86k | €88k | €103k | ▲ 16.6% |
| Profit (loss) for the period to be appropriated9905 | €78k | €68k | €86k | €88k | €103k | ▲ 16.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €201k | €241k | €130k | €131k | €114k | ▼ 13.2% |
| Fixed assets21/28 | €2k | €1k | €558 | €206 | €928 | ▲ 350% |
| Tangible fixed assets22/27 | €2k | €1k | €558 | €206 | €928 | ▲ 350% |
| Furniture and vehicles24 | €2k | €1k | €558 | €206 | €928 | ▲ 350% |
| Current assets29/58 | €199k | €240k | €130k | €131k | €113k | ▼ 13.7% |
| Amounts receivable within one year40/41 | €20k | €17k | €19k | €24k | €28k | ▲ 15.1% |
| Trade receivables40 | €19k | €17k | €19k | €24k | €22k | ▼ 9.0% |
| Other amounts receivable41 | €1k | €240 | - | €429 | €6k | ▲ 1,355% |
| Cash at bank and in hand54/58 | €178k | €222k | €110k | €106k | €84k | ▼ 20.1% |
| Deferred charges and accrued income490/1 | €586 | €661 | - | €1k | €673 | ▼ 41.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €201k | €241k | €130k | €131k | €114k | ▼ 13.2% |
| Equity10/15 | €158k | €6k | €5k | €5k | €6k | ▲ 14.3% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €153k | €1k | €289 | €406 | €1k | ▲ 191% |
| Amounts payable17/49 | €43k | €235k | €125k | €126k | €108k | ▼ 14.4% |
| Amounts payable within one year42/48 | €43k | €235k | €125k | €126k | €108k | ▼ 14.4% |
| Trade debts44 | €2k | €452 | €884 | €627 | €1k | ▲ 107% |
| Suppliers440/4 | €2k | €452 | €884 | €627 | €1k | ▲ 107% |
| Taxes, remuneration and social security45 | €11k | €13k | €30k | €32k | €14k | ▼ 56.2% |
| Taxes450/3 | €11k | €13k | €30k | €32k | €14k | ▼ 56.2% |
| Other amounts payable47/48 | €30k | €221k | €94k | €93k | €92k | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €68k | €86k | €88k | €103k | ▲ 16.6% |
| + Depreciation and write-downs630 | €1k | €910 | €684 | €352 | €504 | ▲ 43.3% |
| Operating cash flow (approximation) | €79k | €69k | €87k | €88k | €103k | ▲ 16.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-1k | - |
| Change in cash | - | €44k | €-112k | €-5k | €-21k | ▼ 368% |
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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €103k ▲16.6%
Operating result €132k, net result €103k, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €158k ▲43.7%
3 profitable years in a row build equity to €158k.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 9.14
Current ratio from 2.85 to 9.14; short-term debt falls from €16k to €13k.
31-12
Financial
Equity above €100kEq €110k ▲242%
2 profitable years in a row build equity to €110k.
02-06
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 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, Court-Saint-Etienne · 1 establishment unit since 2019
Ground area
1,005 m²
Building footprint
83 m²
Volume, LiDAR
648 m³
Parcel 25023D0366/00E000, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SARTMIND
since 20192.288.886.234
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023D0366/00E000 | Wallonia | 1,005 m² | 1 · 82 m² | 9.9 m · 3 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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 7,066 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
Founded03-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
E-mail
christophe@sarteel.be
Phone
+32478503652
Scores and ratios are computed by Checked and are not a credit decision.