SATECH
ActiveSummary
SATECH has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €198,594 and a net result of -€1,224. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 9974 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49▼-28
Solvency58▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 1.58 in 2023; short-term debt: 13.1% and cash: 10.4% of total assets), but 67.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 2024Solvency, return and age of the figures
Solvency
32.8%
Return on assets
-0.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
97 d late
2023
92 d late
2022
91 d late
2021
123 d late
2020
31 d late
2019
31 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 78 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€198,594▼ 0.6%
2023 · €199,818
Total assets
€605,370▲ 13.9%
2023 · €531,293
Net result
-€1,224
2023 · €33,751
Working capital
€64,873▲ 55.1%
2023 · €41,821
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€46,279▲ 56.0%€40,318▼ 12.9%€27,554▼ 31.7%€59,444▲ 116%€22,435▼ 62.3%
Net result€34,496above the sector's middle half▲ 72.3%€27,724above the sector's middle half▼ 19.6%€13,276within the sector's middle half▼ 52.1%€33,751above the sector's middle half▲ 154%-€1,224below the sector's middle half
Equity€125,067above the sector's middle half▲ 38.1%€152,791above the sector's middle half▲ 22.2%€166,067above the sector's middle half▲ 8.7%€199,818above the sector's middle half▲ 20.3%€198,594above the sector's middle half▼ 0.6%
Total assets€320,733above the sector's middle half▲ 47.6%€342,786above the sector's middle half▲ 6.9%€309,317above the sector's middle half▼ 9.8%€531,293above the sector's middle half▲ 71.8%€605,370above the sector's middle half▲ 13.9%
Debt€195,667▲ 54.5%€189,995▼ 2.9%€143,250▼ 24.6%€331,476▲ 131%€406,777▲ 22.7%
Working capital€84,835▲ 36.0%€110,931▲ 30.8%€131,095▲ 18.2%€41,821▼ 68.1%€64,873▲ 55.1%
Solvency39.0%within the sector's middle half▼ 2.7pp44.6%within the sector's middle half▲ 5.6pp53.7%within the sector's middle half▲ 9.1pp37.6%within the sector's middle half▼ 16.1pp32.8%within the sector's middle half▼ 4.8pp
Staff (FTE)4.2above the sector's middle half▲ 5.0%3.9▼ 7.1%3.3▼ 15.4%0.4▼ 87.9%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 62% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €605,370
Fixed assets
€460,926 ▲ 10.5%
Current assets
€144,445 ▲ 26.7%
Equity and liabilities €605,370
Equity
€198,594 ▼ 0.6%
Debt
€406,777 ▲ 22.7%
Debt's share of the balance-sheet total rises from 62.4% to 67.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€68,614▼
2023 · €127,606
Cash flow
€44,955▼
2023 · €101,912
Current ratio
1.82▲
2023 · 1.58
Quick ratio
1.51▲
2023 · 1.45
Debt to equity
2.05▲
2023 · 1.66
ROE
-0.6%▼
2023 · 16.9%
ROA
-0.2%▼
2023 · 6.4%
Interest coverage
3.68▼
2023 · 15.79
Debt ≤ 1 year
€79,571▲
2023 · €72,227
Debt > 1 year
€327,160▲
2023 · €259,248
Income taxes
€4,997▼
2023 · €19,285
Staff costs
€0▼
2023 · €19,872
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.5%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,685 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 | - | €142,965 | €122,156 | €19,872 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,819 | €36,505 | €34,543 | €68,161 | €46,179 | ▼ 32.3% |
| Other operating charges640/8 | - | €8,305 | €3,612 | €5,144 | €3,749 | ▼ 27.1% |
| Non-recurring operating charges66A | - | - | - | - | €32,785 | - |
| Gross operating margin9900 | €240,965 | €228,093 | €187,864 | €152,621 | €105,149 | ▼ 31.1% |
| Operating profit (loss)9901 | €46,279 | €40,318 | €27,554 | €59,444 | €22,435 | ▼ 62.3% |
| Financial income75/76B | - | €1,031 | €774 | €1,673 | €0 | ▼ 100% |
| Recurring financial income75 | €2,371 | €1,031 | €774 | €1,673 | €0 | ▼ 100% |
| Financial charges65/66B | - | €2,857 | €7,981 | €8,081 | €18,662 | ▲ 131% |
| Recurring financial charges65 | €2,397 | €2,857 | €7,981 | €8,081 | €18,662 | ▲ 131% |
| Profit (loss) for the period before taxes9903 | €46,253 | €38,492 | €20,346 | €53,036 | €3,773 | ▼ 92.9% |
| Income taxes67/77 | €11,756 | €10,768 | €7,070 | €19,285 | €4,997 | ▼ 74.1% |
| Profit (loss) for the period9904 | €34,496 | €27,724 | €13,276 | €33,751 | -€1,224 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €34,496 | €27,724 | €13,276 | €33,751 | -€1,224 | ▼ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €320,733 | €342,786 | €309,317 | €531,293 | €605,370 | ▲ 13.9% |
| Fixed assets21/28 | €97,948 | €101,361 | €73,704 | €417,245 | €460,926 | ▲ 10.5% |
| Tangible fixed assets22/27 | €97,948 | €101,361 | €73,704 | €417,245 | €460,926 | ▲ 10.5% |
| Land and buildings22 | - | - | - | €342,243 | €407,892 | ▲ 19.2% |
| Plant, machinery and equipment23 | - | €29,691 | €18,984 | €11,154 | €3,637 | ▼ 67.4% |
| Furniture and vehicles24 | - | €59,770 | €43,012 | €61,791 | €42,335 | ▼ 31.5% |
| Other tangible fixed assets26 | - | €11,900 | €11,708 | €2,056 | €7,061 | ▲ 243% |
| Current assets29/58 | €222,785 | €241,425 | €235,613 | €114,048 | €144,445 | ▲ 26.7% |
| Stocks and contracts in progress3 | €36,000 | €36,000 | €39,000 | €9,000 | €24,000 | ▲ 167% |
| Stocks30/36 | - | €36,000 | €39,000 | €9,000 | €24,000 | ▲ 167% |
| Amounts receivable within one year40/41 | €40,639 | €62,289 | €50,853 | €64,327 | €54,454 | ▼ 15.3% |
| Trade receivables40 | - | €54,218 | €22,517 | €29,383 | €40,809 | ▲ 38.9% |
| Other amounts receivable41 | - | €8,071 | €28,335 | €34,944 | €13,645 | ▼ 61.0% |
| Cash at bank and in hand54/58 | €142,931 | €143,137 | €145,761 | €40,722 | €62,860 | ▲ 54.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,131 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €320,733 | €342,786 | €309,317 | €531,293 | €605,370 | ▲ 13.9% |
| Equity10/15 | €125,067 | €152,791 | €166,067 | €199,818 | €198,594 | ▼ 0.6% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €15,130 | €48,830 | €48,830 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | €13,270 | €48,830 | €48,830 | = |
| Profit (loss) carried forward14 | €110,807 | €138,531 | €138,537 | €138,588 | €137,364 | ▼ 0.9% |
| Amounts payable17/49 | €195,667 | €189,995 | €143,250 | €331,476 | €406,777 | ▲ 22.7% |
| Amounts payable after more than one year17 | €57,717 | €59,501 | €38,732 | €259,248 | €327,160 | ▲ 26.2% |
| Financial debts170/4 | - | €59,501 | €38,732 | €259,248 | €327,160 | ▲ 26.2% |
| Amounts payable within one year42/48 | €137,950 | €130,494 | €104,518 | €72,227 | €79,571 | ▲ 10.2% |
| Current portion of amounts payable after more than one year42 | - | €26,931 | €20,769 | €31,145 | €20,336 | ▼ 34.7% |
| Trade debts44 | €81,522 | €76,097 | €49,059 | €5,887 | €19,282 | ▲ 228% |
| Suppliers440/4 | - | €76,097 | €49,059 | €5,887 | €19,282 | ▲ 228% |
| Taxes, remuneration and social security45 | - | €27,466 | €34,691 | €35,196 | €39,954 | ▲ 13.5% |
| Taxes450/3 | - | €22,525 | €32,516 | €35,196 | €39,954 | ▲ 13.5% |
| Remuneration and social security454/9 | - | €4,941 | €2,174 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €46 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,496 | €27,724 | €13,276 | €33,751 | -€1,224 | ▼ 104% |
| + Depreciation and write-downs630 | €25,819 | €36,505 | €34,543 | €68,161 | €46,179 | ▼ 32.3% |
| Operating cash flow (approximation) | €60,315 | €64,229 | €47,819 | €101,912 | €44,955 | ▼ 55.9% |
| Investment in fixed assets (approximation) | - | -€39,917 | -€6,886 | -€411,702 | -€89,860 | ▲ 78.2% |
| Change in cash | - | €206 | €2,624 | -€105,039 | €22,138 | ▲ 121% |
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
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 97 days late
2024
31-12
Financial
Weakest financial yearnet -€1,224
Net result drops to -€1,224, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 123 days late
2021
31-12
Financial
Equity above €150,000Eq €152,791 ▲22.2%
4 profitable years in a row build equity to €152,791.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €34,496 ▲72.3%
Net result €34,496, the highest in the series.
31-12
Financial
Equity above €100,000Eq €125,067 ▲38.1%
3 profitable years in a row build equity to €125,067.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Waremme · 1 establishment unit since 2006
Ground area
3,881 m²
Building footprint
74 m²
Volume, LiDAR
687 m³
Parcel 64054A0342/00K000, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SATECH
since 20062.158.128.056
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64054A0342/00K000 | Wallonia | 3,881 m² | 1 · 74 m² | 11.3 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 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,118 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
Founded22-11-2006
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
satech@skynet.be
Phone
0475581134
Phone
0475/58.11.14Waremme
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885159939
Also
9925:BE0885159939
Registered
20-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.