SAT RENOV
Open bankruptcyA bankruptcy procedure is open for SAT RENOV according to publications in the Belgian State Gazette; curator: GUY KELDER. The 2021 annual accounts show equity of €19k and a net result of €13k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 12-08-2022, 12 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
not filed
2023
not filed
2022
not filed
2021
12 d late
2020
25 d late
2019
67 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€19k▲ 210%
2020 · €6k
2018: €-8k
2019: €5k
2020: €6k
2018 → 2021
Total assets
€55k▲ 11.9%
2020 · €49k
2018: €55k
2019: €35k
2020: €49k
2018 → 2021
Net result
€13k
2020 · €-5k
2018: €-15k
2019: €10k
2020: €-5k
2018 → 2021
Working capital
€14k
2020 · €-6k
2018: €-22k
2019: €-10k
2020: €-6k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-8k-€5k€6k▲ 25.6%€19k▲ 210%
Operating result€-14k-€10k€-5k€17k
Net result€-15k-€10k€-5k€13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €17k after a loss of €5k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €55k
Fixed assets
€5k▼ 59.3%
Current assets
€50k▲ 35.7%
Equity and liabilities €55k
Equity
€19k▲ 210%
Debt
€36k▼ 16.2%
The debt ratio falls from 87.6% to 65.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2020 · €2k
Cash flow
€16k▲
2020 · €2k
Solvency
34.4%▲
2020 · 12.4%
Current ratio
1.39▲
2020 · 0.86
Quick ratio
1.39▲
2020 · 0.86
Debt / equity
1.91
ROE
67.7%▲
2020 · -80.6%
ROA
23.3%▲
2020 · -10.0%
Interest coverage
115.26
Debt
€36k▼
2020 · €43k
Debt ≤ 1 year
€36k▼
2020 · €43k
Income taxes
€4k
Staff costs
€30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€49k€55k▲
Fixed assets21/28€12k€5k▼
Tangible fixed assets22/27€12k€5k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€2k
Financial fixed assets28€363€363=
Current assets29/58€37k€50k▲
Amounts receivable within one year40/41€20k€41k▲
Trade receivables40-€36k
Other amounts receivable41-€5k
Cash at bank and in hand54/58€15k€9k▼
Deferred charges and accrued income490/1-€658
Equity and liabilities
Total equity and liabilities10/49€49k€55k▲
Equity10/15€6k€19k▲
Contributions10/11-€19k
Profit (loss) carried forward14€-12k€436▲
Amounts payable17/49€43k€36k▼
Amounts payable within one year42/48€43k€36k▼
Trade debts44€9k€3k▼
Suppliers440/4-€3k
Advances received on contracts in progress46-€17k
Taxes, remuneration and social security45-€10k
Taxes450/3-€4k
Remuneration and social security454/9-€6k
Other amounts payable47/48-€6k
Income statement
Code20202021
Remuneration, social security and pensions62-€30k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼
Other operating charges640/8-€3k
Gross operating margin9900€29k€52k▲
Operating profit (loss)9901€-5k€17k▲
Financial income75/76B-€8
Recurring financial income75€3€8▲
Financial charges65/66B-€172
Recurring financial charges65€236€172▼
Profit (loss) for the period before taxes9903€-5k€17k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-5k€13k▲
Profit (loss) for the period to be appropriated9905€-5k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€436
Profit (loss) brought forward from the previous period14P-€-12k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
22-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SAT RENOV SRL RUE BARA 57, 1070 ANDERLECHT · event 15-01-2024
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
773 m²
Building footprint
267 m²
Volume, LiDAR
2,423 m³
2 parcels, Brussels · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SAT RENOV
since 20152.243.334.638
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0266/00C012 | Brussels | 553 m² | 1 · 88 m² | 16.1 m · 5 fl. |
| 21447B0306/00M043 | Brussels | 220 m² | 1 · 179 m² | 15.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY KELDER PLACE GUY D’AREZZO 18, 1180 UCCLE- |
15-01-2024 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-06-2015
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.