SATHO
ActiveThe computed 12-month bankruptcy probability of SATHO is 3.1% (moderate). The 2025 annual accounts show equity of €37k and a net result of €140k. Equity is growing by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 13270 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▼-1
Solvency31▼-69
Growth69▼-16
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 3.83 in 2024; short-term debt: 93.5% and cash: 82.3% of total assets), and 93.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
6.5%
Return on assets
24.4%
Age of the figures
9 mo
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 27-02-2026, 154 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
154 d early
2024
31 d early
2023
on the day
2022
14 d early
2021
17 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€530k▼ 0.3%
2024 · €531k
2021: €280k
2022: €410k
2023: €519k
2024: €531k
2021 → 2025
EBIT margin
36.2%▲ 9.5pp
2024 · 26.6%
2021: 39.5%
2022: 8.6%
2023: 21.1%
2024: 26.6%
2021 → 2025
Net result
€140k▲ 33.9%
2024 · €105k
2021: €95k
2022: €26k
2023: €82k
2024: €105k
2021 → 2025
Working capital
€23k▼ 92.4%
2024 · €296k
2021: €-16k
2022: €43k
2023: €135k
2024: €296k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€280k-€410k▲ 46.4%€519k▲ 26.5%€531k▲ 2.4%€530k▼ 0.3%
Equity€105k-€131k▲ 24.6%€212k▲ 62.6%€317k▲ 49.4%€37k▼ 88.2%
Operating result€111k-€35k▼ 68.1%€109k▲ 210%€142k▲ 29.4%€192k▲ 35.3%
Net result€95k-€26k▼ 72.8%€82k▲ 217%€105k▲ 28.3%€140k▲ 33.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €576k
Fixed assets
€15k▼ 27.9%
Current assets
€561k▲ 39.8%
Equity and liabilities €576k
Equity
€37k▼ 88.2%
Debt
€538k▲ 414%
The debt ratio rises from 24.8% to 93.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€203k▲
2024 · €199k
Cash flow
€152k▼
2024 · €163k
Solvency
6.5%▼
2024 · 75.2%
Current ratio
1.04▼
2024 · 3.83
Quick ratio
1.03▼
2024 · 3.77
Debt / equity
14.41▲
2024 · 0.33
ROE
375.6%▲
2024 · 33.1%
ROA
24.4%▼
2024 · 24.8%
Interest coverage
66.28▲
2024 · 41.72
Debt
€538k▲
2024 · €105k
Debt ≤ 1 year
€538k▲
2024 · €105k
Income taxes
€48k▲
2024 · €32k
Staff costs
€23k▲
2024 · €22k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€422k€576k▲
Fixed assets21/28€21k€15k▼
Tangible fixed assets22/27€10k€5k▼
Plant, machinery and equipment23€3k-
Furniture and vehicles24€2k€2k▼
Other tangible fixed assets26€5k€2k▼
Financial fixed assets28€10k€10k=
Current assets29/58€401k€561k▲
Stocks and contracts in progress3€6k€8k▲
Stocks30/36€6k€8k▲
Amounts receivable within one year40/41€61k€71k▲
Trade receivables40€61k€71k▲
Cash at bank and in hand54/58€321k€474k▲
Deferred charges and accrued income490/1€13k€9k▼
Equity and liabilities
Total equity and liabilities10/49€422k€576k▲
Equity10/15€317k€37k▼
Contributions10/11€10k€10k=
Outside capital11€10k€10k=
Other1109/19€10k€10k=
Profit (loss) carried forward14€307k€27k▼
Amounts payable17/49€105k€538k▲
Amounts payable within one year42/48€105k€538k▲
Trade debts44€27k€19k▼
Suppliers440/4€27k€19k▼
Taxes, remuneration and social security45€78k€161k▲
Taxes450/3€69k€154k▲
Remuneration and social security454/9€9k€7k▼
Other amounts payable47/48-€358k
Income statement
Code20242025
Turnover70€531k€530k▼
Goods, raw materials, services and sundry goods60/61€308k€301k▼
Remuneration, social security and pensions62€22k€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€12k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€224k€229k▲
Operating profit (loss)9901€142k€192k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€137k€188k▲
Income taxes67/77€32k€48k▲
Profit (loss) for the period9904€105k€140k▲
Profit (loss) for the period to be appropriated9905€105k€140k▲
Appropriation of the result
Profit (loss) to be appropriated9906€307k€447k▲
Profit (loss) brought forward from the previous period14P€202k€307k▲
Profit to be distributed694/7-€420k
Return on contributions (dividend)694-€420k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €140k ▲33.9%
Operating result €192k, net result €140k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.40
Current ratio from 1.43 to 3.40; short-term debt falls from €99k to €56k.
31-12
Financial
Equity above €200kEq €212k ▲62.6%
3 profitable years in a row build equity to €212k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €26k ▼72.8%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Schoten · 1 establishment unit since 2021
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.
Winkelstap 752900 SchotenGround area
344 m²
Building footprint
200 m²
Volume, LiDAR
741 m³
Parcel 11443B0506/00P005, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Brasserie Daily
since 20212.325.392.876
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443B0506/00P005 | Flanders | 344 m² | 1 · 200 m² | 7.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchoten2.325.392.876
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,655 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2020
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.