SARTOIT
ActiveSummary
SARTOIT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120k and a net result of €41k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 62% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+46
Solvency71▲+29
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.03 in 2023; short-term debt: 44.2% and cash: 39.4% of total assets), but 54.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
55 d late
2022
49 d early
2021
116 d late
2020
41 d late
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41k
2023 · €-16k
Working capital
€61k▲ 386%
2023 · €13k
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
Line20202021202220232024
Operating result€8k€-28k€82k€-14k€61k
Net result€7k▲ 929%€-36k€64k€-16k€41k
Equity€68k▲ 11.2%€32k▼ 52.5%€96k▲ 197%€80k▼ 17.1%€120k▲ 51.2%
Total assets€451k▲ 183%€566k▲ 25.5%€326k▼ 42.4%€480k▲ 47.1%€264k▼ 45.1%
Debt€383k▲ 289%€534k▲ 39.3%€230k▼ 56.9%€400k▲ 73.9%€143k▼ 64.2%
Working capital€60k▲ 14.9%€-26k€94k€13k▼ 86.6%€61k▲ 386%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €61k after a loss of €14k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €264k
Fixed assets
€86k ▼ 16.5%
Current assets
€177k ▼ 52.9%
Equity and liabilities €264k
Equity
€120k ▲ 51.2%
Debt
€143k ▼ 64.2%
Debt's share of the balance-sheet total falls from 83.4% to 54.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€85k▲
2023 · €9k
Cash flow
€66k▲
2023 · €6k
Current ratio
1.52▲
2023 · 1.03
Quick ratio
1.52▲
2023 · 0.08
Debt to equity
1.19▼
2023 · 5.03
ROE
33.9%▲
2023 · -20.6%
ROA
15.5%▲
2023 · -3.4%
Interest coverage
8.07▲
2023 · 3.27
Debt ≤ 1 year
€116k▼
2023 · €364k
Debt > 1 year
€27k▼
2023 · €36k
Income taxes
€9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €19k | €13k | €22k | €25k | ▲ 10.4% |
| Other operating charges640/8 | - | €726 | €1k | €3k | €1k | ▼ 52.8% |
| Gross operating margin9900 | €27k | €-8k | €95k | €12k | €87k | ▲ 634% |
| Operating profit (loss)9901 | €8k | €-28k | €82k | €-14k | €61k | ▲ 541% |
| Financial income75/76B | - | €2k | - | €0 | €74 | ▲ 74,050% |
| Recurring financial income75 | €5k | €2k | - | €0 | €74 | ▲ 74,050% |
| Financial charges65/66B | - | €10k | €9k | €3k | €11k | ▲ 299% |
| Recurring financial charges65 | €5k | €10k | €9k | €3k | €11k | ▲ 299% |
| Profit (loss) for the period before taxes9903 | €7k | €-36k | €73k | €-16k | €50k | ▲ 406% |
| Income taxes67/77 | €628 | - | €9k | - | €9k | - |
| Profit (loss) for the period9904 | €7k | €-36k | €64k | €-16k | €41k | ▲ 349% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-36k | €64k | €-16k | €41k | ▲ 349% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €451k | €566k | €326k | €480k | €264k | ▼ 45.1% |
| Fixed assets21/28 | €21k | €73k | €71k | €103k | €86k | ▼ 16.5% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €21k | €73k | €71k | €103k | €86k | ▼ 16.5% |
| Plant, machinery and equipment23 | - | €70k | €62k | €51k | €41k | ▼ 20.3% |
| Furniture and vehicles24 | - | €2k | €0 | €38k | €32k | ▼ 15.3% |
| Other tangible fixed assets26 | - | - | €9k | €14k | €13k | ▼ 5.8% |
| Financial fixed assets28 | €40 | €40 | €40 | €40 | €40 | = |
| Current assets29/58 | €431k | €494k | €255k | €377k | €177k | ▼ 52.9% |
| Stocks and contracts in progress3 | €247k | €378k | €800 | €348k | €800 | ▼ 99.8% |
| Stocks30/36 | - | €378k | €800 | €348k | €800 | ▼ 99.8% |
| Amounts receivable within one year40/41 | €183k | €86k | €75k | €17k | €72k | ▲ 322% |
| Trade receivables40 | - | €30k | €46k | €14k | €47k | ▲ 243% |
| Other amounts receivable41 | - | €56k | €29k | €3k | €25k | ▲ 654% |
| Cash at bank and in hand54/58 | €0 | €30k | €179k | €10k | €104k | ▲ 923% |
| Deferred charges and accrued income490/1 | - | €0 | €818 | €863 | €917 | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €451k | €566k | €326k | €480k | €264k | ▼ 45.1% |
| Equity10/15 | €68k | €32k | €96k | €80k | €120k | ▲ 51.2% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €54k | €18k | €82k | €65k | €106k | ▲ 62.5% |
| Amounts payable17/49 | €383k | €534k | €230k | €400k | €143k | ▼ 64.2% |
| Amounts payable after more than one year17 | €12k | €15k | €49k | €36k | €27k | ▼ 25.9% |
| Financial debts170/4 | - | €15k | €49k | €36k | €27k | ▼ 25.9% |
| Amounts payable within one year42/48 | €371k | €520k | €161k | €364k | €116k | ▼ 68.0% |
| Current portion of amounts payable after more than one year42 | - | €17k | €13k | €12k | €9k | ▼ 24.4% |
| Financial debts43 | - | €345k | €0 | €250k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €345k | €0 | €250k | €0 | ▼ 100% |
| Trade debts44 | €113k | €142k | €51k | €16k | €43k | ▲ 168% |
| Suppliers440/4 | - | €142k | €51k | €16k | €43k | ▲ 168% |
| Taxes, remuneration and social security45 | - | €3k | €9k | €9k | €9k | ▲ 1.9% |
| Taxes450/3 | - | €3k | €9k | €9k | €9k | ▲ 1.9% |
| Remuneration and social security454/9 | - | €0 | €0 | €0 | €0 | - |
| Other amounts payable47/48 | - | €13k | €88k | €76k | €54k | ▼ 28.7% |
| Accrued charges and deferred income492/3 | - | - | €20k | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-36k | €64k | €-16k | €41k | ▲ 349% |
| + Depreciation and write-downs630 | €19k | €19k | €13k | €22k | €25k | ▲ 10.4% |
| Operating cash flow (approximation) | €25k | €-17k | €76k | €6k | €66k | ▲ 986% |
| Investment in fixed assets (approximation) | - | €-71k | €-11k | €-55k | €-8k | ▲ 86.0% |
| Change in cash | - | €30k | €149k | €-169k | €94k | ▲ 156% |
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
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 69 days late
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-12
Financial
Equity above €100kEq €120k ▲51.2%
Equity rises from €80k to €120k.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 55 days late
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €64k
Net result €64k after one loss-making year.
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 116 days late
2021
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 41 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 17 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 54 days late
2016
25-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 56 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Assesse · 1 establishment unit since 2015
Ground area
5,180 m²
Building footprint
194 m²
Volume, LiDAR
1,178 m³
Parcel 92109A0212/00T002, Wallonia · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SARTOIT
since 20152.239.788.396
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92109A0212/00T002 | Wallonia | 5,180 m² | 1 · 194 m² | 10.6 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
SL COMPANY
BE 0732.990.693
Etterbeek · Eq €120,320
CASA COSI INVEST
BE 0842.111.339
Lievegem · Eq €120,237
CL REAL ESTATE
BE 0713.909.409
Namur · Eq €120,534
PARABAT IMMO
BE 0825.438.029
Theux · Eq €120,678
GENERALISSIMO
BE 0760.671.030
Schaarbeek · Eq €120,704
Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,775 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 (pre-2019)
Founded25-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41003General construction of other non-residential buildings
Contact
E-mail
p.volckaert@skynet.beAssesse
Phone
0475/438031Assesse
Scores and ratios are computed by Checked and are not a credit decision.