SATOBEL
ActiveSummary
SATOBEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €65k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+9
Solvency41▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.08 in 2024; short-term debt: 70.3% and cash: 20.8% of total assets), and 84.2% of the assets are financed with debt.
Credit check 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 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.8%
Return on assets
50.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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 · 10 filingsDeviation from the deadline
2025
55 d late
2024
30 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
28 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, abbreviated schema
Equity
€20k▼ 27.8%
2024 · €28k
2018: €-12k
2019: €-5k▲ +63.0% vs 2018
2020: €9k▲ +301% vs 2019
2021: €-20▼ -100% vs 2020
2022: €-28k▼ -137145% vs 2021lowest in 8 years
2023: €3k▲ +112% vs 2022
2024: €28k▲ +762% vs 2023highest in 8 years
2025: €20k▼ -27.8% vs 2024
2018 → 2025
Total assets
€130k▼ 8.6%
2024 · €142k
2018: €46k
2019: €70k▲ +52.3% vs 2018
2020: €42k▼ -38.9% vs 2019lowest in 8 years
2021: €70k▲ +64.2% vs 2020
2022: €61k▼ -12.7% vs 2021
2023: €145k▲ +138% vs 2022highest in 8 years
2024: €142k▼ -2.3% vs 2023
2025: €130k▼ -8.6% vs 2024
2018 → 2025
Net result
€65k▲ 160%
2024 · €25k
2018: €6k
2019: €9k▲ +67.6% vs 2018
2020: €14k▲ +47.1% vs 2019
2021: €-9k▼ -167% vs 2020
2022: €-28k▼ -197% vs 2021lowest in 8 years
2023: €31k▲ +212% vs 2022
2024: €25k▼ -18.8% vs 2023
2025: €65k▲ +160% vs 2024highest in 8 years
2018 → 2025
Working capital
€7k▲ 12.0%
2024 · €6k
2018: €-19k
2019: €-10k▲ +44.2% vs 2018
2020: €2k▲ +121% vs 2019
2021: €-15k▼ -772% vs 2020
2022: €-61k▼ -313% vs 2021lowest in 8 years
2023: €-14k▲ +76.6% vs 2022
2024: €6k▲ +145% vs 2023
2025: €7k▲ +12.0% vs 2024highest 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€-20-€-28k▼ 137,145%€3k€28k▲ 762%€20k▼ 27.8%
2021: €-20
2022: €-28k▼ -137145% vs 2021lowest in 5 years
2023: €3k▲ +112% vs 2022
2024: €28k▲ +762% vs 2023highest in 5 years
2025: €20k▼ -27.8% vs 2024
Operating result€-8k-€-21k▼ 174%€33k€39k▲ 20.3%€83k▲ 109%
2021: €-8k
2022: €-21k▼ -174% vs 2021lowest in 5 years
2023: €33k▲ +256% vs 2022
2024: €39k▲ +20.3% vs 2023
2025: €83k▲ +109% vs 2024highest in 5 years
Net result€-9k-€-28k▼ 197%€31k€25k▼ 18.8%€65k▲ 160%
2021: €-9k
2022: €-28k▼ -197% vs 2021lowest in 5 years
2023: €31k▲ +212% vs 2022
2024: €25k▼ -18.8% vs 2023
2025: €65k▲ +160% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or 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 109% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€31k ▼ 40.9%
Current assets
€98k ▲ 10.7%
Equity and liabilities €130k
Equity
€20k ▼ 27.8%
Debt
€109k ▼ 3.8%
Debt's share of the balance-sheet total rises from 80.0% to 84.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€104k▲
2024 · €59k
Cash flow
€87k▲
2024 · €44k
Current ratio
1.08▲
2024 · 1.08
Quick ratio
1.07▲
2024 · 1.07
Debt to equity
5.34▲
2024 · 4.01
ROE
317.7%▲
2024 · 88.4%
ROA
50.1%▲
2024 · 17.6%
Interest coverage
41.39▲
2024 · 27.13
Debt ≤ 1 year
€91k▲
2024 · €82k
Debt > 1 year
€18k▼
2024 · €31k
Income taxes
€15k▲
2024 · €12k
Staff costs
€69k▲
2024 · €63k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€142k€130k▼
Fixed assets21/28€53k€31k▼
Tangible fixed assets22/27€50k€29k▼
Furniture and vehicles24€50k€29k▼
Financial fixed assets28€3k€3k=
Current assets29/58€89k€98k▲
Stocks and contracts in progress3€771€496▼
Stocks30/36€771€496▼
Amounts receivable within one year40/41€6k€62k▲
Trade receivables40-€58k
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€75k€27k▼
Deferred charges and accrued income490/1€6k€9k▲
Equity and liabilities
Total equity and liabilities10/49€142k€130k▼
Equity10/15€28k€20k▼
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Outside capital11-€19k
Other1109/19-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€8k-
Amounts payable17/49€114k€109k▼
Amounts payable after more than one year17€31k€18k▼
Financial debts170/4€31k€18k▼
Amounts payable within one year42/48€82k€91k▲
Current portion of amounts payable after more than one year42€16k€13k▼
Trade debts44€23k€13k▼
Suppliers440/4€23k€13k▼
Taxes, remuneration and social security45€19k€42k▲
Taxes450/3€19k€42k▲
Remuneration and social security454/9€318€0▼
Other amounts payable47/48€24k€23k▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€63k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€22k▲
Other operating charges640/8€671€2k▲
Gross operating margin9900€122k€175k▲
Operating profit (loss)9901€39k€83k▲
Financial income75/76B€17€1▼
Recurring financial income75€17€1▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€37k€80k▲
Income taxes67/77€12k€15k▲
Profit (loss) for the period9904€25k€65k▲
Profit (loss) for the period to be appropriated9905€25k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€73k▲
Profit (loss) brought forward from the previous period14P€-17k€8k▲
Profit to be distributed694/7-€73k
Return on contributions (dividend)694-€73k
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €276 | €2k | - | - |
| Remuneration, social security and pensions62 | €56k | €56k | €64k | €63k | €69k | ▲ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €8k | €13k | €19k | €22k | ▲ 11.7% |
| Other operating charges640/8 | €1k | €935 | - | €671 | €2k | ▲ 153% |
| Non-recurring operating charges66A | - | €4k | - | - | - | - |
| Gross operating margin9900 | €56k | €48k | €110k | €122k | €175k | ▲ 43.1% |
| Operating profit (loss)9901 | €-8k | €-21k | €33k | €39k | €83k | ▲ 109% |
| Financial income75/76B | €80 | €0 | €1 | €17 | €1 | ▼ 94.1% |
| Recurring financial income75 | €80 | €0 | €1 | €17 | €1 | ▼ 94.1% |
| Financial charges65/66B | €1k | €2k | €2k | €2k | €3k | ▲ 16.0% |
| Recurring financial charges65 | €1k | €2k | €2k | €2k | €3k | ▲ 16.0% |
| Profit (loss) for the period before taxes9903 | €-9k | €-23k | €31k | €37k | €80k | ▲ 115% |
| Income taxes67/77 | €617 | €5k | - | €12k | €15k | ▲ 22.4% |
| Profit (loss) for the period9904 | €-9k | €-28k | €31k | €25k | €65k | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-28k | €31k | €25k | €65k | ▲ 160% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70k | €61k | €145k | €142k | €130k | ▼ 8.6% |
| Fixed assets21/28 | €40k | €51k | €42k | €53k | €31k | ▼ 40.9% |
| Tangible fixed assets22/27 | €37k | €48k | €39k | €50k | €29k | ▼ 43.1% |
| Plant, machinery and equipment23 | €2k | €960 | €404 | - | - | - |
| Furniture and vehicles24 | €36k | €47k | €39k | €50k | €29k | ▼ 43.1% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €30k | €10k | €103k | €89k | €98k | ▲ 10.7% |
| Stocks and contracts in progress3 | €10k | €824 | €631 | €771 | €496 | ▼ 35.7% |
| Stocks30/36 | €10k | €824 | €631 | €771 | €496 | ▼ 35.7% |
| Amounts receivable within one year40/41 | €15k | €5k | €35k | €6k | €62k | ▲ 867% |
| Trade receivables40 | €15k | €483 | €28k | - | €58k | - |
| Other amounts receivable41 | - | €4k | €7k | €6k | €4k | ▼ 37.0% |
| Cash at bank and in hand54/58 | - | - | €65k | €75k | €27k | ▼ 64.1% |
| Deferred charges and accrued income490/1 | €5k | €5k | €2k | €6k | €9k | ▲ 39.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70k | €61k | €145k | €142k | €130k | ▼ 8.6% |
| Equity10/15 | €-20 | €-28k | €3k | €28k | €20k | ▼ 27.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | - | - |
| Issued capital100 | €19k | €19k | €19k | €19k | - | - |
| Outside capital11 | - | - | - | - | €19k | - |
| Other1109/19 | - | - | - | - | €19k | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-20k | €-48k | €-17k | €8k | - | - |
| Amounts payable17/49 | €70k | €88k | €142k | €114k | €109k | ▼ 3.8% |
| Amounts payable after more than one year17 | €25k | €17k | €24k | €31k | €18k | ▼ 42.0% |
| Financial debts170/4 | €25k | €17k | €24k | €31k | €18k | ▼ 42.0% |
| Amounts payable within one year42/48 | €45k | €71k | €118k | €82k | €91k | ▲ 10.6% |
| Current portion of amounts payable after more than one year42 | €11k | €8k | €11k | €16k | €13k | ▼ 18.5% |
| Financial debts43 | - | €23k | - | - | - | - |
| Credit institutions430/8 | - | €23k | - | - | - | - |
| Trade debts44 | €18k | €9k | €22k | €23k | €13k | ▼ 43.7% |
| Suppliers440/4 | €18k | €9k | €22k | €23k | €13k | ▼ 43.7% |
| Taxes, remuneration and social security45 | €2k | €8k | €12k | €19k | €42k | ▲ 117% |
| Taxes450/3 | €1k | €7k | €11k | €19k | €42k | ▲ 121% |
| Remuneration and social security454/9 | €948 | €1k | €228 | €318 | €0 | ▼ 100% |
| Other amounts payable47/48 | €13k | €24k | €73k | €24k | €23k | ▼ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €-28k | €31k | €25k | €65k | ▲ 160% |
| + Depreciation and write-downs630 | €6k | €8k | €13k | €19k | €22k | ▲ 11.7% |
| Operating cash flow (approximation) | €-3k | €-19k | €44k | €44k | €87k | ▲ 95.0% |
| Investment in fixed assets (approximation) | - | €-19k | €-4k | €-31k | €0 | ▲ 100% |
| Change in cash | - | - | - | €10k | €-48k | ▼ 575% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 55 days late
2025
31-12
Financial
Highest result since 2018net €65k ▲160%
Operating result €83k, net result €65k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Braine-l'Alleud · 1 establishment unit since 1991
Ground area
1,044 m²
Building footprint
168 m²
Volume, LiDAR
1,018 m³
Parcel 25078A0151/00V002, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
SATOBEL SC
since 19912.052.576.814
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25078A0151/00V002 | Wallonia | 1,044 m² | 1 · 168 m² | 7.6 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.
Similar companies · same sector, comparable size
Fieda Management
BE 0829.868.256
Zonhoven · Eq €28,284
SAMYN
BE 0765.678.606
Merelbeke-Melle · Eq €28,364
Sani VG Quality
BE 0507.836.570
Dilbeek · Eq €28,273
AD Creations
BE 0801.894.248
Lokeren · Eq €28,263
VANWYNSBERGHE DIETER
BE 0780.930.469
Jabbeke · Eq €28,262
Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 2,697 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)
Founded01-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.