Sato Imo
ActiveSummary
The computed 12-month bankruptcy probability of Sato Imo is 2.1% (moderate). The 2025 annual accounts show equity of €1.21M and a net result of €-207k. Equity is growing by ~14.3% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability31▼-9
Solvency52▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.11 in 2024; short-term debt: 3.6% and cash: 0.6% of total assets), and 73.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
26.7%
Return on assets
-4.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-207k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
31 d late
2022
30 d late
2021
20 d late
2020
64 d late
2019
27 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-207k▼ 10.9%
2024 · €-186k
2018: €4k
2019: €26k▲ +505% vs 2018
2020: €15k▼ -40.6% vs 2019
2021: €963k▲ +6142% vs 2020highest in 8 years
2022: €-5k▼ -101% vs 2021
2023: €-389k▼ -7587% vs 2022lowest in 8 years
2024: €-186k▲ +52.1% vs 2023
2025: €-207k▼ -10.9% vs 2024
2018 → 2025
Working capital
€-133k▼ 36.6%
2024 · €-98k
2018: €-78k
2019: €-60k▲ +22.4% vs 2018
2020: €-56k▲ +7.1% vs 2019
2021: €1.73M▲ +3195% vs 2020highest in 8 years
2022: €-16k▼ -101% vs 2021
2023: €-5k▲ +71.2% vs 2022
2024: €-98k▼ -1964% vs 2023
2025: €-133k▼ -36.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.51M-€1.52M▲ 0.4%€1.60M▲ 5.3%€1.41M▼ 11.6%€1.21M▼ 14.6%
2021: €1.51M
2022: €1.52M▲ +0.4% vs 2021
2023: €1.60M▲ +5.3% vs 2022highest in 5 years
2024: €1.41M▼ -11.6% vs 2023
2025: €1.21M▼ -14.6% vs 2024lowest in 5 years
Operating result€1.29M-€-5k€-359k▼ 7,325%€-168k▲ 53.1%€-168k=
2021: €1.29Mhighest in 5 years
2022: €-5k▼ -100% vs 2021
2023: €-359k▼ -7325% vs 2022lowest in 5 years
2024: €-168k▲ +53.1% vs 2023
2025: €-168k● -0.0% vs 2024
Net result€963k-€-5k€-389k▼ 7,587%€-186k▲ 52.1%€-207k▼ 10.9%
2021: €963khighest in 5 years
2022: €-5k▼ -101% vs 2021
2023: €-389k▼ -7587% vs 2022lowest in 5 years
2024: €-186k▲ +52.1% vs 2023
2025: €-207k▼ -10.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €168k in 2025 against €168k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.52M
Fixed assets
€4.49M ▲ 19.2%
Current assets
€28k ▲ 136%
Equity and liabilities €4.52M
Equity
€1.21M ▼ 14.6%
Provisions
€461k ▼ 2.0%
Debt
€2.85M ▲ 50.5%
Debt's share of the balance-sheet total rises from 50.1% to 63.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€103k▲
2024 · €76k
Cash flow
€65k▲
2024 · €58k
Current ratio
0.17▲
2024 · 0.11
Debt to equity
2.36▲
2024 · 1.34
ROE
-17.1%▼
2024 · -13.2%
ROA
-4.6%▲
2024 · -4.9%
Interest coverage
2.16▼
2024 · 3.26
Debt ≤ 1 year
€161k▲
2024 · €109k
Debt > 1 year
€2.69M▲
2024 · €1.78M
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.78M€4.52M▲
Fixed assets21/28€3.77M€4.49M▲
Intangible fixed assets21€1.54M€1.34M▼
Tangible fixed assets22/27€2.23M€3.14M▲
Land and buildings22€2.21M€3.13M▲
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€5k€9k▲
Financial fixed assets28€2k€2k=
Current assets29/58€12k€28k▲
Amounts receivable within one year40/41€40-
Other amounts receivable41€40-
Cash at bank and in hand54/58€12k€25k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€3.78M€4.52M▲
Equity10/15€1.41M€1.21M▼
Contributions10/11€562k€562k=
Reserves13€1.41M€1.39M▼
Tax-exempt reserves132€1.41M€1.38M▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-562k€-740k▼
Provisions and deferred taxes16€471k€461k▼
Deferred taxes168€471k€461k▼
Amounts payable17/49€1.89M€2.85M▲
Amounts payable after more than one year17€1.78M€2.69M▲
Financial debts170/4€1.46M€2.09M▲
Other amounts payable178/9€324k€601k▲
Amounts payable within one year42/48€109k€161k▲
Current portion of amounts payable after more than one year42€95k€127k▲
Trade debts44€14k€34k▲
Suppliers440/4€14k€34k▲
Other amounts payable47/48-€131
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€244k€271k▲
Other operating charges640/8€30k€41k▲
Gross operating margin9900€106k€144k▲
Operating profit (loss)9901€-168k€-168k=
Financial charges65/66B€23k€48k▲
Recurring financial charges65€23k€48k▲
Profit (loss) for the period before taxes9903€-192k€-216k▼
Transfer from deferred taxes780€5k€10k▲
Profit (loss) for the period9904€-186k€-207k▼
Transfer from tax-exempt reserves789€16k€29k▲
Profit (loss) for the period to be appropriated9905€-170k€-178k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-562k€-740k▼
Profit (loss) brought forward from the previous period14P€-392k€-562k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €218k | €244k | €271k | ▲ 11.2% |
| Other operating charges640/8 | €3k | €3k | €172k | €30k | €41k | ▲ 36.6% |
| Gross operating margin9900 | €1.29M | €-1k | €32k | €106k | €144k | ▲ 36.1% |
| Operating profit (loss)9901 | €1.29M | €-5k | €-359k | €-168k | €-168k | = |
| Financial income75/76B | - | €1 | - | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - | - |
| Financial charges65/66B | €6k | €261 | €31k | €23k | €48k | ▲ 105% |
| Recurring financial charges65 | €6k | €261 | €31k | €23k | €48k | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €1.28M | €-5k | €-390k | €-192k | €-216k | ▼ 12.8% |
| Transfer from deferred taxes780 | - | - | €1k | €5k | €10k | ▲ 78.8% |
| Transfer to deferred taxes680 | €321k | - | - | - | - | - |
| Income taxes67/77 | €10 | €-30 | - | - | - | - |
| Profit (loss) for the period9904 | €963k | €-5k | €-389k | €-186k | €-207k | ▼ 10.9% |
| Transfer from tax-exempt reserves789 | - | - | €3k | €16k | €29k | ▲ 78.8% |
| Transfer to tax-exempt reserves689 | €962k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €915 | €-5k | €-386k | €-170k | €-178k | ▼ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.84M | €1.86M | €3.27M | €3.78M | €4.52M | ▲ 19.6% |
| Fixed assets21/28 | €110k | €1.86M | €3.20M | €3.77M | €4.49M | ▲ 19.2% |
| Intangible fixed assets21 | - | - | €1.73M | €1.54M | €1.34M | ▼ 12.5% |
| Tangible fixed assets22/27 | €110k | €110k | €1.47M | €2.23M | €3.14M | ▲ 41.1% |
| Land and buildings22 | €110k | €110k | €1.45M | €2.21M | €3.13M | ▲ 41.3% |
| Plant, machinery and equipment23 | - | - | €11k | €10k | €8k | ▼ 17.1% |
| Furniture and vehicles24 | - | - | €4k | €5k | €9k | ▲ 69.0% |
| Financial fixed assets28 | - | €1.75M | €2k | €2k | €2k | = |
| Current assets29/58 | €1.73M | €659 | €71k | €12k | €28k | ▲ 136% |
| Amounts receivable after more than one year29 | €1.73M | - | - | - | - | - |
| Other amounts receivable291 | €1.73M | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | €40 | - | - |
| Other amounts receivable41 | - | - | - | €40 | - | - |
| Cash at bank and in hand54/58 | €464 | €659 | €71k | €12k | €25k | ▲ 116% |
| Deferred charges and accrued income490/1 | - | - | €101 | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.84M | €1.86M | €3.27M | €3.78M | €4.52M | ▲ 19.6% |
| Equity10/15 | €1.51M | €1.52M | €1.60M | €1.41M | €1.21M | ▼ 14.6% |
| Contributions10/11 | €551k | €562k | €562k | €562k | €562k | = |
| Reserves13 | €963k | €963k | €1.43M | €1.41M | €1.39M | ▼ 2.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €962k | €962k | €1.43M | €1.41M | €1.38M | ▼ 2.0% |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-1k | €-6k | €-392k | €-562k | €-740k | ▼ 31.6% |
| Provisions and deferred taxes16 | €321k | €321k | €476k | €471k | €461k | ▼ 2.0% |
| Deferred taxes168 | €321k | €321k | €476k | €471k | €461k | ▼ 2.0% |
| Amounts payable17/49 | €9k | €20k | €1.19M | €1.89M | €2.85M | ▲ 50.5% |
| Amounts payable after more than one year17 | €6k | - | €1.09M | €1.78M | €2.69M | ▲ 50.8% |
| Financial debts170/4 | - | - | €965k | €1.46M | €2.09M | ▲ 43.1% |
| Other amounts payable178/9 | €6k | - | €122k | €324k | €601k | ▲ 85.4% |
| Amounts payable within one year42/48 | €3k | €17k | €76k | €109k | €161k | ▲ 47.4% |
| Current portion of amounts payable after more than one year42 | - | - | €30k | €95k | €127k | ▲ 33.3% |
| Financial debts43 | €25 | - | - | - | - | - |
| Credit institutions430/8 | €25 | - | - | - | - | - |
| Trade debts44 | €3k | €8k | €29k | €14k | €34k | ▲ 143% |
| Suppliers440/4 | €3k | €8k | €29k | €14k | €34k | ▲ 143% |
| Taxes, remuneration and social security45 | €160 | €130 | - | - | - | - |
| Taxes450/3 | €160 | €130 | - | - | - | - |
| Other amounts payable47/48 | - | €9k | €17k | - | €131 | - |
| Accrued charges and deferred income492/3 | - | €3k | €29k | €1k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €963k | €-5k | €-389k | €-186k | €-207k | ▼ 10.9% |
| + Depreciation and write-downs630 | €0 | - | €218k | €244k | €271k | ▲ 11.2% |
| Operating cash flow (approximation) | €963k | €-5k | €-171k | €58k | €65k | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | €-1.75M | €-1.56M | €-814k | €-995k | ▼ 22.3% |
| Change in cash | - | €194 | €70k | €-59k | €14k | ▲ 123% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-389k
Net result drops to €-389k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 20 days late
2021
31-12
Financial
Highest result since 2018net €963k ▲6,142%
Operating result €1.29M, net result €963k, both a record.
31-12
Financial
Liquidity times 1417current ratio 571.60
Current ratio from 0.40 to 571.60; short-term debt falls from €94k to €3k.
31-12
Financial
Equity above €1MEq €1.51M ▲23,132%
4 profitable years in a row build equity to €1.51M.
03-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 64 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 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
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Etterbeek · 1 establishment unit since 2017
Ground area
1,710 m²
Building footprint
1,531 m²
Volume, LiDAR
33,239 m³
2 parcels, Brussels · tallest building 34.4 m, ±10 floors. Linked by address, not a title deed.
103
companies at this address
See who is registered here
1 establishment unit
Wolvengracht 28, 1000 Brussel
since 20172.261.751.374
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0892/00E000 | Brussels | 1,297 m² | 1 · 1,335 m² | 34.4 m · 10 fl. |
| 21363B0354/00M005 | Brussels | 413 m² | 1 · 197 m² | 31.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPrivate limited company
Founded02-11-2016
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.