SATIM
ActiveSummary
SATIM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €747k and a net result of €83k. Equity is shrinking by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 3550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability47▲+33
Solvency49▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.26 in 2023; short-term debt: 43.6% and cash: 4.4% of total assets), and 76.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
65 d late
2022
32 d late
2021
57 d late
2020
31 d late
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€83k
2023 · €-136k
2018: €64k
2019: €68k▲ +5.6% vs 2018
2021: €43k
2022: €-67k▼ -256% vs 2021
2023: €-136k▼ -104% vs 2022lowest value
2024: €83k▲ +161% vs 2023highest value
2018 → 2024
Working capital
€492k▲ 20.9%
2023 · €407k
2018: €886k
2019: €942k▲ +6.3% vs 2018highest value
2021: €896k
2022: €810k▼ -9.6% vs 2021
2023: €407k▼ -49.7% vs 2022lowest value
2024: €492k▲ +20.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€1.77M-€867k▼ 51.1%€800k▼ 7.7%€664k▼ 17.0%€747k▲ 12.4%
2019: €1.77Mhighest value
2021: €867k
2022: €800k▼ -7.7% vs 2021
2023: €664k▼ -17.0% vs 2022lowest value
2024: €747k▲ +12.4% vs 2023
Operating result€97k-€70k▼ 27.9%€-67k€-54k▲ 20.0%€189k
2019: €97k
2021: €70k
2022: €-67k▼ -196% vs 2021lowest value
2023: €-54k▲ +20.0% vs 2022
2024: €189k▲ +454% vs 2023highest value
Net result€68k-€43k▼ 36.7%€-67k€-136k▼ 104%€83k
2019: €68k
2021: €43k
2022: €-67k▼ -256% vs 2021
2023: €-136k▼ -104% vs 2022lowest value
2024: €83k▲ +161% vs 2023highest value
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €189k after a loss of €54k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.13M
Fixed assets
€1.28M ▼ 7.1%
Current assets
€1.86M ▼ 6.3%
Equity and liabilities €3.13M
Equity
€747k ▲ 12.4%
Debt
€2.39M ▼ 11.3%
Debt's share of the balance-sheet total falls from 80.2% to 76.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€301k▲
2023 · €-6k
Cash flow
€194k▲
2023 · €-89k
Current ratio
1.36▲
2023 · 1.26
Quick ratio
1.23▲
2023 · 1.14
Debt to equity
3.20▼
2023 · 4.05
ROE
11.1%▲
2023 · -20.5%
ROA
2.6%▲
2023 · -4.1%
Interest coverage
3.01▲
2023 · -0.07
Debt ≤ 1 year
€1.37M▼
2023 · €1.58M
Debt > 1 year
€1.02M▼
2023 · €1.12M
Income taxes
€12k▲
2023 · €2k
Staff costs
€363k▼
2023 · €487k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 67 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.36M€3.13M▼
Fixed assets21/28€1.37M€1.28M▼
Tangible fixed assets22/27€1.36M€1.27M▼
Land and buildings22€26k€42k▲
Plant, machinery and equipment23€114k€101k▼
Furniture and vehicles24€42k€22k▼
Leasing and similar rights25€1.18M€1.10M▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€9k€9k▼
Current assets29/58€1.98M€1.86M▼
Amounts receivable after more than one year29€38k€38k=
Other amounts receivable291€38k€38k=
Stocks and contracts in progress3€188k€176k▼
Stocks30/36€188k€176k▼
Amounts receivable within one year40/41€1.50M€1.51M▲
Trade receivables40€1.19M€1.35M▲
Other amounts receivable41€304k€156k▼
Cash at bank and in hand54/58€251k€139k▼
Deferred charges and accrued income490/1€10k€1k▼
Equity and liabilities
Total equity and liabilities10/49€3.36M€3.13M▼
Equity10/15€664k€747k▲
Contributions10/11€89k€89k=
Reserves13€24k€106k▲
Non-distributable reserves130/1€24k€24k=
Reserves not available under the articles1311€24k€24k=
Distributable reserves133-€83k
Profit (loss) carried forward14€552k€552k=
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Amounts payable17/49€2.69M€2.39M▼
Amounts payable after more than one year17€1.12M€1.02M▼
Financial debts170/4€1.12M€1.02M▼
Amounts payable within one year42/48€1.58M€1.37M▼
Current portion of amounts payable after more than one year42€105k€104k▼
Financial debts43€250k€250k=
Credit institutions430/8€39€250k▲
Other loans439€250k-
Trade debts44€1.07M€959k▼
Suppliers440/4€1.07M€959k▼
Advances received on contracts in progress46€8k€4k▼
Taxes, remuneration and social security45€142k€50k▼
Taxes450/3€5k€10k▲
Remuneration and social security454/9€138k€40k▼
Other amounts payable47/48€2k-
Income statement
Code20232024
Non-recurring operating income76A-€0
Remuneration, social security and pensions62€487k€363k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€112k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-32k-
Other operating charges640/8€24k€4k▼
Gross operating margin9900€469k€668k▲
Operating profit (loss)9901€-54k€189k▲
Financial income75/76B€8k€5k▼
Recurring financial income75€8k€1k▼
Non-recurring financial income76B-€4k
Financial charges65/66B€89k€100k▲
Recurring financial charges65€89k€100k▲
Profit (loss) for the period before taxes9903€-135k€95k▲
Income taxes67/77€2k€12k▲
Profit (loss) for the period9904€-136k€83k▲
Profit (loss) for the period to be appropriated9905€-136k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€552k€634k▲
Profit (loss) brought forward from the previous period14P€688k€552k▼
Transfer to equity691/2-€83k
To other reserves6921-€83k
Social balance
Average headcount (FTE)90878.66.6▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | €538k | €502k | €487k | €363k | ▼ 25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €8k | €9k | €48k | €112k | ▲ 135% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-8k | €0 | €-4k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - | €-32k | - | - |
| Other operating charges640/8 | - | €16k | €6k | €24k | €4k | ▼ 83.4% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €648k | €623k | €450k | €469k | €668k | ▲ 42.3% |
| Operating profit (loss)9901 | €97k | €70k | €-67k | €-54k | €189k | ▲ 454% |
| Financial income75/76B | - | €11k | €7k | €8k | €5k | ▼ 37.6% |
| Recurring financial income75 | €9k | €11k | €7k | €8k | €1k | ▼ 82.5% |
| Non-recurring financial income76B | - | - | - | - | €4k | - |
| Financial charges65/66B | - | €7k | €4k | €89k | €100k | ▲ 12.0% |
| Recurring financial charges65 | €14k | €7k | €4k | €89k | €100k | ▲ 12.0% |
| Profit (loss) for the period before taxes9903 | €92k | €74k | €-65k | €-135k | €95k | ▲ 170% |
| Income taxes67/77 | €25k | €31k | €2k | €2k | €12k | ▲ 627% |
| Profit (loss) for the period9904 | €68k | €43k | €-67k | €-136k | €83k | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €68k | €43k | €-67k | €-136k | €83k | ▲ 161% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.57M | €1.68M | €1.74M | €3.36M | €3.13M | ▼ 6.6% |
| Fixed assets21/28 | €903k | €37k | €36k | €1.37M | €1.28M | ▼ 7.1% |
| Tangible fixed assets22/27 | €3k | €28k | €28k | €1.36M | €1.27M | ▼ 7.1% |
| Land and buildings22 | - | - | - | €26k | €42k | ▲ 63.8% |
| Plant, machinery and equipment23 | - | - | - | €114k | €101k | ▼ 11.0% |
| Furniture and vehicles24 | - | €28k | €28k | €42k | €22k | ▼ 48.0% |
| Leasing and similar rights25 | - | - | - | €1.18M | €1.10M | ▼ 6.8% |
| Other tangible fixed assets26 | - | - | - | €5k | €4k | ▼ 10.3% |
| Financial fixed assets28 | €900k | €9k | €9k | €9k | €9k | ▼ 8.1% |
| Current assets29/58 | €1.66M | €1.64M | €1.71M | €1.98M | €1.86M | ▼ 6.3% |
| Amounts receivable after more than one year29 | - | €38k | €38k | €38k | €38k | = |
| Other amounts receivable291 | - | €38k | €38k | €38k | €38k | = |
| Stocks and contracts in progress3 | €84k | - | €56k | €188k | €176k | ▼ 6.3% |
| Stocks30/36 | - | - | €56k | €188k | €176k | ▼ 6.3% |
| Amounts receivable within one year40/41 | €1.12M | €849k | €1.20M | €1.50M | €1.51M | ▲ 0.6% |
| Trade receivables40 | - | €718k | €987k | €1.19M | €1.35M | ▲ 13.1% |
| Other amounts receivable41 | - | €131k | €213k | €304k | €156k | ▼ 48.6% |
| Current investments50/53 | €360k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €88k | €742k | €406k | €251k | €139k | ▼ 44.8% |
| Deferred charges and accrued income490/1 | - | €15k | €8k | €10k | €1k | ▼ 88.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.57M | €1.68M | €1.74M | €3.36M | €3.13M | ▼ 6.6% |
| Equity10/15 | €1.77M | €867k | €800k | €664k | €747k | ▲ 12.4% |
| Contributions10/11 | €145k | €89k | €89k | €89k | €89k | = |
| Reserves13 | €24k | €24k | €24k | €24k | €106k | ▲ 348% |
| Non-distributable reserves130/1 | - | €24k | €24k | €24k | €24k | = |
| Reserves not available under the articles1311 | - | €24k | €24k | €24k | €24k | = |
| Distributable reserves133 | - | - | - | - | €83k | - |
| Profit (loss) carried forward14 | €1.60M | €755k | €688k | €552k | €552k | = |
| Provisions and deferred taxes16 | €32k | €32k | €32k | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €32k | €32k | €0 | - | - |
| Other liabilities and charges164/5 | - | €32k | €32k | €0 | - | - |
| Amounts payable17/49 | €763k | €782k | €912k | €2.69M | €2.39M | ▼ 11.3% |
| Amounts payable after more than one year17 | €40k | €33k | €13k | €1.12M | €1.02M | ▼ 8.5% |
| Financial debts170/4 | - | €33k | €13k | €1.12M | €1.02M | ▼ 8.5% |
| Amounts payable within one year42/48 | €723k | €749k | €898k | €1.58M | €1.37M | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | - | €33k | €31k | €105k | €104k | ▼ 1.2% |
| Financial debts43 | - | - | - | €250k | €250k | = |
| Credit institutions430/8 | - | - | - | €39 | €250k | ▲ 638,307% |
| Other loans439 | - | - | - | €250k | - | - |
| Trade debts44 | €360k | €584k | €761k | €1.07M | €959k | ▼ 10.4% |
| Suppliers440/4 | - | €584k | €761k | €1.07M | €959k | ▼ 10.4% |
| Advances received on contracts in progress46 | - | €4k | €4k | €8k | €4k | ▼ 41.2% |
| Taxes, remuneration and social security45 | - | €126k | €100k | €142k | €50k | ▼ 65.0% |
| Taxes450/3 | - | €19k | €5k | €5k | €10k | ▲ 112% |
| Remuneration and social security454/9 | - | €107k | €95k | €138k | €40k | ▼ 70.9% |
| Other amounts payable47/48 | - | €2k | €2k | €2k | - | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €43k | €-67k | €-136k | €83k | ▲ 161% |
| + Depreciation and write-downs630 | €14k | €8k | €9k | €48k | €112k | ▲ 135% |
| Operating cash flow (approximation) | €82k | €50k | €-58k | €-89k | €194k | ▲ 319% |
| Investment in fixed assets (approximation) | - | - | €-9k | €-1.38M | €-14k | ▲ 99.0% |
| Change in cash | - | - | €-336k | €-155k | €-113k | ▲ 27.2% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €83k
Net result €83k after 2 loss-making years.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 57 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Manage · 1 establishment unit since 1999
Ground area
3,657 m²
Building footprint
649 m²
Volume, LiDAR
3,670 m³
Parcel 52043F0424/00L000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chemin du Prieuré 11, 7170 Manage
since 19992.090.771.949
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52043F0424/00L000 | Wallonia | 3,657 m² | 1 · 648 m² | 7.1 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesSATIM SRL39214
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 5,481 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
Founded19-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.