Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2012 to 2025 closed with a loss. 2013 was the heaviest.
Lower solvency than 95% of companies in wholesale trade. Sector median 40.5% · 15,447 companies.
In July 2024, 6,635 companies had the same profile as SATGOK has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,635 companies, not a prediction for SATGOK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| SATGOK Berchem-Sainte-Agathe | €140 | -€466 | -9248.2% | - |
| J.C. COMPANY Tienen | €387 | -€66 | -17651.9% | - |
| CONTROLLING EN MEASURING TECHNOLOGIES BELGIUM Zoersel | €967 | -€766 | -6066.3% | - |
| Lesser Gray Pelt | €439 | -€2,020 | -15102.2% | - |
These companies have the same main activity as SATGOK: wholesale of electrical equipment, including installation materials (NACE 46643). They are larger than SATGOK: total assets between €387 and €967, founded between 1997 and 2023.
SATGOK files the micro format. That format states no turnover. The gross margin rose from -€2,750 in 2006 to -€466 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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