@SAT
ActiveSummary
@SAT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €650,900 and a net result of €229,418. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 274 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▼-6
Solvency83▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 5.87 in 2023; short-term debt: 42.1% and cash: 51% of total assets), and 42.1% of the assets are financed with debt.
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Signals
Six 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 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
57.9%
Return on assets
20.4%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €650,900
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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
56 d late
2023
30 d early
2022
22 d late
2021
75 d late
2020
26 d early
2019
122 d late
← 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 37 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€650,900▲ 54.4%
2023 · €421,482
Total assets
€1.1m▲ 125%
2023 · €498,951
Net result
€229,418▲ 23.7%
2023 · €185,521
Working capital
€537,922▲ 42.7%
2023 · €376,934
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-€63,555€65,478€158,904▲ 143%€265,015▲ 66.8%€322,859▲ 21.8%
Net result-€63,787€65,021€121,179▲ 86.4%€185,521▲ 53.1%€229,418▲ 23.7%
Equity€49,761▼ 53.6%€114,782▲ 131%€235,961▲ 106%€421,482▲ 78.6%€650,900▲ 54.4%
Total assets€131,936▼ 29.6%€179,982▲ 36.4%€270,275▲ 50.2%€498,951▲ 84.6%€1.1m▲ 125%
Debt€82,175▲ 2.5%€65,201▼ 20.7%€34,314▼ 47.4%€77,468▲ 126%€473,947▲ 512%
Working capital-€6,489€96,080€204,168▲ 112%€376,934▲ 84.6%€537,922▲ 42.7%
Staff (FTE)1.8▲ 63.6%1▼ 44.4%2.1▲ 110%1.4▼ 33.3%3.9▲ 179%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€112,977 ▲ 154%
Current assets
€1.0m ▲ 123%
Equity and liabilities €1.1m
Equity
€650,900 ▲ 54.4%
Debt
€473,947 ▲ 512%
Debt's share of the balance-sheet total rises from 15.5% to 42.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€340,863▲
2023 · €288,693
Cash flow
€247,421▲
2023 · €209,199
Current ratio
2.13▼
2023 · 5.87
Debt to equity
0.73▲
2023 · 0.18
ROE
35.2%▼
2023 · 44.0%
ROA
20.4%▼
2023 · 37.2%
Interest coverage
990.97▲
2023 · 355.97
Debt ≤ 1 year
€473,947▲
2023 · €77,468
Income taxes
€110,911▲
2023 · €86,932
Staff costs
€182,746▲
2023 · €139,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €23,921 | €118,750 | €139,037 | €182,746 | ▲ 31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,929 | €21,256 | €20,894 | €23,678 | €18,003 | ▼ 24.0% |
| Other operating charges640/8 | - | €1,104 | €6,161 | €1,088 | €1,319 | ▲ 21.2% |
| Gross operating margin9900 | -€20,091 | €111,759 | €304,708 | €428,819 | €524,928 | ▲ 22.4% |
| Operating profit (loss)9901 | -€63,555 | €65,478 | €158,904 | €265,015 | €322,859 | ▲ 21.8% |
| Financial income75/76B | - | €0 | €134 | €8,249 | €17,813 | ▲ 116% |
| Recurring financial income75 | - | €0 | €134 | €8,249 | €17,813 | ▲ 116% |
| Financial charges65/66B | - | €501 | €570 | €811 | €344 | ▼ 57.6% |
| Recurring financial charges65 | €232 | €501 | €570 | €811 | €344 | ▼ 57.6% |
| Profit (loss) for the period before taxes9903 | -€63,787 | €64,978 | €158,468 | €272,453 | €340,328 | ▲ 24.9% |
| Income taxes67/77 | - | -€43 | €37,288 | €86,932 | €110,911 | ▲ 27.6% |
| Profit (loss) for the period9904 | -€63,787 | €65,021 | €121,179 | €185,521 | €229,418 | ▲ 23.7% |
| Profit (loss) for the period to be appropriated9905 | -€63,787 | €65,021 | €121,179 | €185,521 | €229,418 | ▲ 23.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €131,936 | €179,982 | €270,275 | €498,951 | €1.1m | ▲ 125% |
| Fixed assets21/28 | €73,942 | €52,687 | €31,793 | €44,548 | €112,977 | ▲ 154% |
| Intangible fixed assets21 | €27,000 | €18,000 | €9,000 | - | - | - |
| Tangible fixed assets22/27 | €46,942 | €34,687 | €22,793 | €44,548 | €112,977 | ▲ 154% |
| Plant, machinery and equipment23 | - | €21,205 | €10,847 | €489 | €2,796 | ▲ 472% |
| Furniture and vehicles24 | - | - | - | €2,142 | €73,185 | ▲ 3,317% |
| Other tangible fixed assets26 | - | €13,482 | €11,946 | €41,917 | €36,997 | ▼ 11.7% |
| Current assets29/58 | €57,993 | €127,296 | €238,481 | €454,403 | €1.0m | ▲ 123% |
| Amounts receivable within one year40/41 | €46,067 | €46,599 | €48,846 | €322,349 | €337,952 | ▲ 4.8% |
| Trade receivables40 | - | €15,055 | €12,071 | €19,845 | €22,738 | ▲ 14.6% |
| Other amounts receivable41 | - | €31,544 | €36,775 | €302,504 | €315,214 | ▲ 4.2% |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €11,927 | €80,697 | €189,636 | €132,054 | €573,917 | ▲ 335% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €131,936 | €179,982 | €270,275 | €498,951 | €1.1m | ▲ 125% |
| Equity10/15 | €49,761 | €114,782 | €235,961 | €421,482 | €650,900 | ▲ 54.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €94,948 | €96,182 | €217,361 | €402,882 | €632,300 | ▲ 56.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €94,322 | €215,501 | €402,882 | €632,300 | ▲ 56.9% |
| Profit (loss) carried forward14 | -€63,787 | - | - | - | - | - |
| Amounts payable17/49 | €82,175 | €65,201 | €34,314 | €77,468 | €473,947 | ▲ 512% |
| Amounts payable after more than one year17 | €17,693 | €33,985 | - | - | - | - |
| Financial debts170/4 | - | €6,605 | - | - | - | - |
| Other amounts payable178/9 | - | €27,381 | - | - | - | - |
| Amounts payable within one year42/48 | €64,482 | €31,215 | €34,314 | €77,468 | €473,947 | ▲ 512% |
| Current portion of amounts payable after more than one year42 | - | €7,649 | €6,605 | - | - | - |
| Trade debts44 | €41,842 | €23,566 | €13,956 | €19,500 | €351,492 | ▲ 1,702% |
| Suppliers440/4 | - | €23,566 | €13,956 | €19,500 | €351,492 | ▲ 1,702% |
| Taxes, remuneration and social security45 | - | - | €13,753 | €57,968 | €122,454 | ▲ 111% |
| Taxes450/3 | - | - | €7,288 | €54,221 | €111,689 | ▲ 106% |
| Remuneration and social security454/9 | - | - | €6,465 | €3,747 | €10,766 | ▲ 187% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€63,787 | €65,021 | €121,179 | €185,521 | €229,418 | ▲ 23.7% |
| + Depreciation and write-downs630 | €19,929 | €21,256 | €20,894 | €23,678 | €18,003 | ▼ 24.0% |
| Operating cash flow (approximation) | -€43,858 | €86,276 | €142,073 | €209,199 | €247,421 | ▲ 18.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€36,433 | -€86,433 | ▼ 137% |
| Change in cash | - | €68,770 | €108,939 | -€57,582 | €441,863 | ▲ 867% |
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
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Highest result since 2018net €229,418 ▲23.7%
Operating result €322,859, net result €229,418, both a record.
31-12
Financial
Equity above €500,000Eq €650,900 ▲54.4%
4 profitable years in a row build equity to €650,900.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Equity above €200,000Eq €235,961 ▲106%
2 profitable years in a row build equity to €235,961.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Back to profitnet €65,021
Net result €65,021 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 4.08
Current ratio from 0.90 to 4.08; short-term debt falls from €64,482 to €31,215.
31-12
Financial
Equity above €100,000Eq €114,782 ▲131%
Equity rises from €49,761 to €114,782.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€63,787
Net result drops to -€63,787, the lowest in the series; recovery starts the following year.
Show earlier events
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Equity above €100,000Eq €107,348 ▲33.3%
2 profitable years in a row build equity to €107,348.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Kortrijk · 4 establishment units since 2004
Ground area
5.7 ha
Building footprint
3.5 ha
Volume, LiDAR
268,477 m³
4 parcels, Brussels, Flanders · tallest building 20.1 m, ±5 floors. Linked by address, not a title deed.
4 establishment units
@SAT
since 20042.144.696.724
Derijckere Marianne
since 20192.289.106.166
Derijckere Marianne
since 20192.289.106.859
Derijckere Marianne
since 20192.289.107.750
4 parcels
Flanders
3
(75%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21382C0221/00E003 | Brussels | 2.1 ha | 1 · 9,720 m² | 20.1 m · 4 fl. |
| 11422D0365/00M000 | Flanders | 1.8 ha | 1 · 1.4 ha | - |
| 71323C1080/00T000 | Flanders | 1.3 ha | 1 · 1.0 ha | 17.9 m · 5 fl. |
| 34353H1633/00H000 | Flanders | 5,607 m² | 1 · 339 m² | 19.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHasselt2.289.107.750
Vorst2.289.106.859
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Of 122 companies in sector 26300 we hold annual accounts for 97. 63 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
Founded21-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
26300Manufacture of computer, electronic and optical products
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870707632
Also
9925:BE0870707632
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.