Summary
SATELLITE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €15,423 and a net result of -€12,551. Equity is shrinking by ~33.1% per year across the filed fiscal years. The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
27 d early
2023
120 d early
2022
41 d early
2021
31 d early
2020
87 d early
2019
65 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 59 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 20 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
In the rankings
#5 oldest company in Zonnebeke, Finance and insurance sector
Equity
€15,423▼ 44.9%
2023 · €27,973
Net result
-€12,551▲ 35.5%
2023 · -€19,457
Total assets
€528,886▼ 7.3%
2023 · €570,795
Solvency
2.9%▼ 2.0pp
2023 · 4.9%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€35,657-€10,140▲ 71.6%-€20,891▼ 106%-€30,896▼ 47.9%-€14,041▲ 54.6%
Net result-€47,888below the sector's middle half-€10,555below the sector's middle half▲ 78.0%-€26,963below the sector's middle half▼ 155%-€19,457below the sector's middle half▲ 27.8%-€12,551below the sector's middle half▲ 35.5%
Equity€96,663within the sector's middle half▼ 33.1%€80,189within the sector's middle half▼ 17.0%€47,430within the sector's middle half▼ 40.9%€27,973below the sector's middle half▼ 41.0%€15,423below the sector's middle half▼ 44.9%
Total assets€870,118within the sector's middle half▲ 3.2%€663,262within the sector's middle half▼ 23.8%€612,923within the sector's middle half▼ 7.6%€570,795within the sector's middle half▼ 6.9%€528,886within the sector's middle half▼ 7.3%
Debt€692,455▲ 12.9%€521,770▼ 24.6%€507,086▼ 2.8%€503,157▼ 0.8%€475,993▼ 5.4%
Working capital-€546,257below the sector's middle half▼ 142%-€262,024below the sector's middle half▲ 52.0%-€263,488below the sector's middle half▼ 0.6%-€305,128below the sector's middle half▼ 15.8%-€300,984below the sector's middle half▲ 1.4%
Solvency11.1%below the sector's middle half▼ 6.0pp12.1%below the sector's middle half▲ 1.0pp7.7%below the sector's middle half▼ 4.4pp4.9%below the sector's middle half▼ 2.8pp2.9%below the sector's middle half▼ 2.0pp
Current ratio0.07below the sector's middle half▼ 0.210.23below the sector's middle half▲ 0.160.19below the sector's middle half▼ 0.040.15below the sector's middle half▼ 0.040.13below the sector's middle half▼ 0.02
Return on assets (ROA)-5.5%below the sector's middle half▼ 11.5pp-1.6%below the sector's middle half▲ 3.9pp-4.4%below the sector's middle half▼ 2.8pp-3.4%below the sector's middle half▲ 1.0pp-2.4%below the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 stays negative: a loss of €14,041 in 2024 against €30,896 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €528,886
Fixed assets
€482,680 ▼ 6.4%
Current assets
€46,206 ▼ 16.5%
Equity and liabilities €528,886
Equity
€15,423 ▼ 44.9%
Provisions
€37,471 ▼ 5.5%
Debt
€475,993 ▼ 5.4%
Debt's share of the balance-sheet total rises from 88.2% to 90.0%. Equity and debt are lower.
Key figures and ratios
ROE
-81.4%▼
2023 · -69.6%
Debt ≤ 1 year
€347,191▼
2023 · €360,496
Debt > 1 year
€126,728▼
2023 · €140,588
Income taxes
€171▼
2023 · €6,489
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €21,926 | - | - | €1,402 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,625 | €34,066 | €34,752 | €33,710 | €22,650 | ▼ 32.8% |
| Other operating charges640/8 | - | €4,622 | €2,885 | €4,037 | €4,143 | ▲ 2.6% |
| Gross operating margin9900 | €9,806 | €28,548 | €16,747 | €6,850 | €12,752 | ▲ 86.2% |
| Operating profit (loss)9901 | -€35,657 | -€10,140 | -€20,891 | -€30,896 | -€14,041 | ▲ 54.6% |
| Financial income75/76B | - | €1,441 | €1,945 | €1,875 | €2,222 | ▲ 18.5% |
| Recurring financial income75 | €1,562 | €1,441 | €1,945 | €1,875 | €2,222 | ▲ 18.5% |
| Financial charges65/66B | - | €22,811 | €16,408 | €2,688 | €2,755 | ▲ 2.5% |
| Recurring financial charges65 | €17,305 | €19,931 | €16,408 | €2,688 | €2,755 | ▲ 2.5% |
| Non-recurring financial charges66B | - | €2,880 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€51,400 | -€31,511 | -€35,353 | -€31,710 | -€14,574 | ▲ 54.0% |
| Transfer from deferred taxes780 | - | €25,617 | €8,692 | €18,742 | €2,194 | ▼ 88.3% |
| Income taxes67/77 | €330 | €4,661 | €302 | €6,489 | €171 | ▼ 97.4% |
| Profit (loss) for the period9904 | -€47,888 | -€10,555 | -€26,963 | -€19,457 | -€12,551 | ▲ 35.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €43,582 | €4,578 | ▼ 89.5% |
| Profit (loss) for the period to be appropriated9905 | -€43,075 | -€10,555 | -€26,963 | €24,125 | -€7,973 | ▼ 133% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €870,118 | €663,262 | €612,923 | €570,795 | €528,886 | ▼ 7.3% |
| Fixed assets21/28 | €827,049 | €583,890 | €549,138 | €515,428 | €482,680 | ▼ 6.4% |
| Tangible fixed assets22/27 | €810,551 | €583,392 | €548,640 | €514,930 | €482,182 | ▼ 6.4% |
| Land and buildings22 | - | €528,913 | €508,660 | €489,450 | €474,700 | ▼ 3.0% |
| Furniture and vehicles24 | - | €23,298 | €16,698 | €10,098 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €31,181 | €23,281 | €15,382 | €7,482 | ▼ 51.4% |
| Financial fixed assets28 | €16,498 | €498 | €498 | €498 | €498 | = |
| Current assets29/58 | €43,069 | €79,372 | €63,785 | €55,367 | €46,206 | ▼ 16.5% |
| Amounts receivable within one year40/41 | €35,837 | €56,016 | €48,449 | €39,199 | €37,055 | ▼ 5.5% |
| Trade receivables40 | - | €3,407 | - | €3,086 | €1,643 | ▼ 46.8% |
| Other amounts receivable41 | - | €52,609 | €48,449 | €36,113 | €35,412 | ▼ 1.9% |
| Cash at bank and in hand54/58 | €3,778 | €20,158 | €10,621 | €8,628 | €457 | ▼ 94.7% |
| Deferred charges and accrued income490/1 | - | €3,198 | €4,715 | €7,540 | €8,695 | ▲ 15.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €870,118 | €663,262 | €612,923 | €570,795 | €528,886 | ▼ 7.3% |
| Equity10/15 | €96,663 | €80,189 | €47,430 | €27,973 | €15,423 | ▼ 44.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €197,323 | €191,404 | €185,608 | €142,026 | €137,448 | ▼ 3.2% |
| Non-distributable reserves130/1 | - | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Reserves not available under the articles1311 | - | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Tax-exempt reserves132 | - | €124,204 | €118,408 | €74,826 | €70,248 | ▼ 6.1% |
| Distributable reserves133 | - | €52,326 | €52,326 | €52,326 | €52,326 | = |
| Profit (loss) carried forward14 | -€119,260 | -€129,815 | -€156,778 | -€132,653 | -€140,625 | ▼ 6.0% |
| Provisions and deferred taxes16 | €81,001 | €61,302 | €58,407 | €39,665 | €37,471 | ▼ 5.5% |
| Deferred taxes168 | - | €61,302 | €58,407 | €39,665 | €37,471 | ▼ 5.5% |
| Amounts payable17/49 | €692,455 | €521,770 | €507,086 | €503,157 | €475,993 | ▼ 5.4% |
| Amounts payable after more than one year17 | €96,730 | €167,657 | €154,229 | €140,588 | €126,728 | ▼ 9.9% |
| Financial debts170/4 | - | €167,657 | €154,229 | €140,588 | €126,728 | ▼ 9.9% |
| Amounts payable within one year42/48 | €589,326 | €341,396 | €327,273 | €360,496 | €347,191 | ▼ 3.7% |
| Current portion of amounts payable after more than one year42 | - | €13,216 | €13,427 | €13,642 | €13,859 | ▲ 1.6% |
| Trade debts44 | €11,486 | €166 | €3,153 | €3,285 | €914 | ▼ 72.2% |
| Suppliers440/4 | - | €166 | €3,153 | €3,285 | €914 | ▼ 72.2% |
| Taxes, remuneration and social security45 | - | €1,870 | €1,540 | €7,635 | €1,183 | ▼ 84.5% |
| Taxes450/3 | - | €1,870 | €1,540 | €7,635 | €1,183 | ▼ 84.5% |
| Other amounts payable47/48 | - | €326,143 | €309,153 | €335,934 | €331,235 | ▼ 1.4% |
| Accrued charges and deferred income492/3 | - | €12,718 | €25,584 | €2,074 | €2,074 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,888 | -€10,555 | -€26,963 | -€19,457 | -€12,551 | ▲ 35.5% |
| + Depreciation and write-downs630 | €38,625 | €34,066 | €34,752 | €33,710 | €22,650 | ▼ 32.8% |
| Operating cash flow (approximation) | -€9,264 | €23,511 | €7,789 | €14,253 | €10,099 | ▼ 29.1% |
| Investment in fixed assets (approximation) | - | €209,093 | €0 | €0 | €10,098 | - |
| Change in cash | - | €16,380 | -€9,537 | -€1,993 | -€8,171 | ▼ 310% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€47,888
Net result drops to -€47,888, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €50,346
Net result €50,346 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €144,551 ▲53.4%
Equity rises from €94,205 to €144,551.
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Zonnebeke · 1 establishment unit since 1998
Ground area
426 m²
Building footprint
230 m²
Volume, LiDAR
1,184 m³
Parcel 33019D0680/00R000, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SATELLITE
since 19982.087.482.362
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33019D0680/00R000 | Flanders | 426 m² | 1 · 230 m² | 10.8 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
33.2%
According to the 2023 annual accounts of SATELLITE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 6,487 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)
Founded23-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462935765
Also
9925:BE0462935765
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
1. Verslag raad van bestuur. 2. Goedkeuring van de jaar- rekening. 3. Bestemming resultaat. 4. Kwijting aan bestuurders. 5. Diversen. Aandelen te deponeren op zetel overeenkomstig de statuten. (8296) Atelier 90, naamloze vennootschap, Waterloolaan 90, 1000 Brussel Ondernemingsnummer 0453.959.010 Algemene vergadering op de zetel, op 1 april 2006, om 11 uur. Agenda : Verslag raad van bestuur. Goedkeuring van de jaarrekening. Bestemming resultaat. Kwijting bestuurders. Varia. (8297) Agetik Invest, naamloze vennootschap, Molenstraat 95, 3570 Alken Ondernemingsnummer 0455.116.575 — RPR Tongeren Jaarvergadering op 1 april 2006, om 18 uur, op de maatschappelijke zetel. — Agenda : Beraadslaging i.v. ...