SAT
ActiveSummary
SAT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-19k) and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 0.2 in 2024; short-term debt: 256.3% and cash: 34.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
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 2025Solvency, return and age of the figures
Solvency
-156.3%
Return on assets
110.6%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7780 sector peers (2025).
NBB · sector comparisonPosition among 7780 sector peers
Solvency
better than 5%
← weakest
strongest →
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d early
2023
43 d early
2022
2 d early
2021
46 d early
2020
2 d early
2019
6 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-19k▲ 41.4%
2024 · €-33k
2018: €163khighest in 8 years
2019: €11k▼ -93.1% vs 2018
2020: €-42k▼ -474% vs 2019
2021: €-83k▼ -95.9% vs 2020lowest in 8 years
2022: €-76k▲ +8.8% vs 2021
2023: €-42k▲ +43.8% vs 2022
2024: €-33k▲ +22.6% vs 2023
2025: €-19k▲ +41.4% vs 2024
2018 → 2025
Total assets
€12k▲ 44.3%
2024 · €9k
2018: €356khighest in 8 years
2019: €324k▼ -9.1% vs 2018
2020: €308k▼ -4.8% vs 2019
2021: €295k▼ -4.3% vs 2020
2022: €7k▼ -97.7% vs 2021lowest in 8 years
2023: €11k▲ +60.7% vs 2022
2024: €9k▼ -23.1% vs 2023
2025: €12k▲ +44.3% vs 2024
2018 → 2025
Net result
€14k▲ 41.7%
2024 · €10k
2018: €-22k
2019: €-39k▼ -81.0% vs 2018
2020: €-54k▼ -36.6% vs 2019lowest in 8 years
2021: €-41k▲ +24.3% vs 2020
2022: €16k▲ +139% vs 2021
2023: €33k▲ +111% vs 2022highest in 8 years
2024: €10k▼ -71.0% vs 2023
2025: €14k▲ +41.7% vs 2024
2018 → 2025
Working capital
€-20k▲ 38.6%
2024 · €-33k
2018: €-84k
2019: €-256k▼ -204% vs 2018
2020: €-325k▼ -27.1% vs 2019
2021: €-364k▼ -11.8% vs 2020lowest in 8 years
2022: €-76k▲ +79.1% vs 2021
2023: €-43k▲ +43.7% vs 2022
2024: €-33k▲ +22.6% vs 2023
2025: €-20k▲ +38.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-83k-€-76k▲ 8.8%€-42k▲ 43.8%€-33k▲ 22.6%€-19k▲ 41.4%
2021: €-83klowest in 5 years
2022: €-76k▲ +8.8% vs 2021
2023: €-42k▲ +43.8% vs 2022
2024: €-33k▲ +22.6% vs 2023
2025: €-19k▲ +41.4% vs 2024highest in 5 years
Operating result€-39k-€17k€34k▲ 105%€10k▼ 69.8%€14k▲ 39.4%
2021: €-39klowest in 5 years
2022: €17k▲ +142% vs 2021
2023: €34k▲ +105% vs 2022highest in 5 years
2024: €10k▼ -69.8% vs 2023
2025: €14k▲ +39.4% vs 2024
Net result€-41k-€16k€33k▲ 111%€10k▼ 71.0%€14k▲ 41.7%
2021: €-41klowest in 5 years
2022: €16k▲ +139% vs 2021
2023: €33k▲ +111% vs 2022highest in 5 years
2024: €10k▼ -71.0% vs 2023
2025: €14k▲ +41.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12k
Fixed assets
€1k ▲ 448%
Current assets
€11k ▲ 34.9%
Key figures and ratios
EBITDA
€14k▲
2024 · €10k
Cash flow
€14k▲
2024 · €10k
Solvency
-156.3%▲
2024 · -385.2%
Current ratio
0.36▲
2024 · 0.20
Debt to equity
-1.64▼
2024 · -1.26
ROA
110.6%▼
2024 · 112.6%
Interest coverage
23.19▲
2024 · 16.90
Debt
€32k▼
2024 · €41k
Debt ≤ 1 year
€32k▼
2024 · €41k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9k€12k▲
Fixed assets21/28€195€1k▲
Tangible fixed assets22/27€195€1k▲
Furniture and vehicles24€195€1k▲
Current assets29/58€8k€11k▲
Amounts receivable within one year40/41€8k€7k▼
Trade receivables40€8k€7k▼
Cash at bank and in hand54/58€367€4k▲
Deferred charges and accrued income490/1€117€128▲
Equity and liabilities
Total equity and liabilities10/49€9k€12k▲
Equity10/15€-33k€-19k▲
Contributions10/11€13k€13k=
Reserves13€25k€25k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-71k€-57k▲
Amounts payable17/49€41k€32k▼
Amounts payable within one year42/48€41k€32k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1k€212▼
Suppliers440/4€1k€212▼
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€5k€3k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€33k€26k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49€234▲
Other operating charges640/8€118€120▲
Gross operating margin9900€10k€15k▲
Operating profit (loss)9901€10k€14k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€606€623▲
Recurring financial charges65€606€623▲
Profit (loss) for the period before taxes9903€10k€14k▲
Income taxes67/77€0-
Profit (loss) for the period9904€10k€14k▲
Profit (loss) for the period to be appropriated9905€10k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-71k€-57k▲
Profit (loss) brought forward from the previous period14P€-80k€-71k▲
The notes to these accounts (6 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 | €16k | €16k | €49 | €49 | €234 | ▲ 381% |
| Other operating charges640/8 | - | €1k | €521 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | €-19k | €33k | €34k | €10k | €15k | ▲ 40.6% |
| Operating profit (loss)9901 | €-39k | €17k | €34k | €10k | €14k | ▲ 39.4% |
| Financial income75/76B | - | €1 | €0 | €2 | €0 | ▼ 96.1% |
| Recurring financial income75 | - | €1 | €0 | €2 | €0 | ▼ 96.1% |
| Financial charges65/66B | - | €563 | €639 | €606 | €623 | ▲ 2.8% |
| Recurring financial charges65 | €1k | €563 | €639 | €606 | €623 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €-40k | €16k | €33k | €10k | €14k | ▲ 41.7% |
| Income taxes67/77 | €254 | €235 | €55 | €0 | - | - |
| Profit (loss) for the period9904 | €-41k | €16k | €33k | €10k | €14k | ▲ 41.7% |
| Profit (loss) for the period to be appropriated9905 | €-41k | €16k | €33k | €10k | €14k | ▲ 41.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €295k | €7k | €11k | €9k | €12k | ▲ 44.3% |
| Fixed assets21/28 | €286k | €292 | €243 | €195 | €1k | ▲ 448% |
| Tangible fixed assets22/27 | €286k | €292 | €243 | €195 | €1k | ▲ 448% |
| Land and buildings22 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €292 | €243 | €195 | €1k | ▲ 448% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Current assets29/58 | €9k | €7k | €11k | €8k | €11k | ▲ 34.9% |
| Amounts receivable within one year40/41 | €4k | €6k | €11k | €8k | €7k | ▼ 12.6% |
| Trade receivables40 | - | €6k | €11k | €8k | €7k | ▼ 12.6% |
| Other amounts receivable41 | - | €210 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €3k | €5 | €5 | €367 | €4k | ▲ 1,058% |
| Deferred charges and accrued income490/1 | - | €805 | €112 | €117 | €128 | ▲ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €295k | €7k | €11k | €9k | €12k | ▲ 44.3% |
| Equity10/15 | €-83k | €-76k | €-42k | €-33k | €-19k | ▲ 41.4% |
| Contributions10/11 | - | €13k | €13k | €13k | €13k | = |
| Reserves13 | €34k | €25k | €25k | €25k | €25k | = |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | - | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €-129k | €-114k | €-80k | €-71k | €-57k | ▲ 19.2% |
| Amounts payable17/49 | €378k | €82k | €53k | €41k | €32k | ▼ 23.8% |
| Amounts payable after more than one year17 | €5k | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €372k | €82k | €53k | €41k | €32k | ▼ 23.8% |
| Current portion of amounts payable after more than one year42 | - | €4k | €0 | - | - | - |
| Financial debts43 | - | €1k | €122 | €0 | - | - |
| Credit institutions430/8 | - | €1k | €122 | €0 | - | - |
| Trade debts44 | €5k | €2k | €4k | €1k | €212 | ▼ 81.0% |
| Suppliers440/4 | - | €2k | €4k | €1k | €212 | ▼ 81.0% |
| Taxes, remuneration and social security45 | - | €7k | €6k | €7k | €5k | ▼ 29.6% |
| Taxes450/3 | - | €3k | €4k | €5k | €3k | ▼ 42.2% |
| Remuneration and social security454/9 | - | €4k | €3k | €2k | €2k | ▲ 0.7% |
| Other amounts payable47/48 | - | €69k | €44k | €33k | €26k | ▼ 20.6% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-41k | €16k | €33k | €10k | €14k | ▲ 41.7% |
| + Depreciation and write-downs630 | €16k | €16k | €49 | €49 | €234 | ▲ 381% |
| Operating cash flow (approximation) | €-25k | €31k | €33k | €10k | €14k | ▲ 43.4% |
| Investment in fixed assets (approximation) | - | €270k | €0 | €0 | €-1k | - |
| Change in cash | - | €-3k | €0 | €362 | €4k | ▲ 972% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €33k ▲111%
Operating result €34k, net result €33k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €16k
Net result €16k after 4 loss-making years.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 3 days late
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Geel · 1 establishment unit since 1998
Ground area
2,194 m²
Building footprint
274 m²
Volume, LiDAR
2,532 m³
Parcel 13008I1635/00S006, Flanders · tallest building 18.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SAT
since 19982.089.915.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008I1635/00S006 | Flanders | 2,194 m² | 1 · 274 m² | 18.6 m · 4 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 11,218 companies in sector 82100 we hold annual accounts for 3,511. 1,890 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
Founded10-12-1998
Fiscal year end30-09
Activities, NACEBEL 2025
82100Office administrative and support services
64210Activities of holding companies
68110Buying and selling of own real estate
Contact
Phone
014/720773Geel
Fax
014/720773Geel
Scores and ratios are computed by Checked and are not a credit decision.