SATORI
ActiveSummary
The annual accounts of SATORI for fiscal year 2024 show a net loss of 54% of total assets. The 2024 annual accounts show equity of €101k and a net result of €-56k. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 20780 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-10
Solvency100=
Growth55=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 42.36 against 17.37 in 2023; short-term debt: 2.3% and cash: 64.7% of total assets), and 2.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
97.7%
Return on assets
-53.7%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-56k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
54 d late
2022
26 d late
2021
17 d late
2020
4 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€61k▼ 35.5%
2022 · €95k
2021: €25klowest in 3 years
2022: €95k▲ +278% vs 2021highest in 3 years
2023: €61k▼ -35.5% vs 2022
2021 → 2023
EBIT margin
-23.5%▼ 39.4pp
2022 · 15.9%
2021: -212.2%lowest in 3 years
2022: 15.9%▲ +107% vs 2021highest in 3 years
2023: -23.5%▼ -248% vs 2022
2021 → 2023
Net result
€-56k▼ 1,072%
2023 · €-5k
2018: €92khighest in 7 years
2019: €30k▼ -67.5% vs 2018
2020: €32k▲ +8.3% vs 2019
2021: €-54k▼ -266% vs 2020
2022: €15k▲ +128% vs 2021
2023: €-5k▼ -131% vs 2022
2024: €-56k▼ -1072% vs 2023lowest in 7 years
2018 → 2024
Working capital
€97k▼ 32.6%
2023 · €144k
2018: €178k
2019: €183k▲ +2.8% vs 2018highest in 7 years
2020: €135k▼ -26.2% vs 2019
2021: €111k▼ -17.6% vs 2020
2022: €138k▲ +23.9% vs 2021
2023: €144k▲ +4.8% vs 2022
2024: €97k▼ -32.6% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€25k€95k▲ 278%€61k▼ 35.5%
2021: €25klowest in 3 years
2022: €95k▲ +278% vs 2021highest in 3 years
2023: €61k▼ -35.5% vs 2022
Equity€200k-€147k▼ 26.8%€162k▲ 10.4%€157k▼ 2.9%€101k▼ 35.5%
2020: €200khighest in 5 years
2021: €147k▼ -26.8% vs 2020
2022: €162k▲ +10.4% vs 2021
2023: €157k▼ -2.9% vs 2022
2024: €101k▼ -35.5% vs 2023lowest in 5 years
Operating result€37k-€-53k€15k€-14k€-51k▼ 254%
2020: €37khighest in 5 years
2021: €-53k▼ -244% vs 2020lowest in 5 years
2022: €15k▲ +128% vs 2021
2023: €-14k▼ -196% vs 2022
2024: €-51k▼ -254% vs 2023
Net result€32k-€-54k€15k€-5k€-56k▼ 1,072%
2020: €32khighest in 5 years
2021: €-54k▼ -266% vs 2020
2022: €15k▲ +128% vs 2021
2023: €-5k▼ -131% vs 2022
2024: €-56k▼ -1072% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51k in 2024 against €14k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104k
Fixed assets
€4k ▼ 68.0%
Current assets
€100k ▼ 34.9%
Equity and liabilities €104k
Equity
€101k ▼ 35.5%
Debt
€2k ▼ 73.3%
Debt's share of the balance-sheet total falls from 5.3% to 2.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-40k▼
2023 · €-3k
Cash flow
€-45k▼
2023 · €7k
Current ratio
42.36▲
2023 · 17.37
Debt to equity
0.02▼
2023 · 0.06
ROE
-54.9%▼
2023 · -3.0%
ROA
-53.7%▼
2023 · -2.9%
Interest coverage
-115.66▼
2023 · -11.21
Debt ≤ 1 year
€2k▼
2023 · €9k
Income taxes
€6k▲
2023 · €-9k
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 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€166k€104k▼
Fixed assets21/28€13k€4k▼
Tangible fixed assets22/27€13k€4k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€8k-
Current assets29/58€153k€100k▼
Amounts receivable within one year40/41€34k€33k▼
Other amounts receivable41€34k€33k▼
Cash at bank and in hand54/58€119k€67k▼
Equity and liabilities
Total equity and liabilities10/49€166k€104k▼
Equity10/15€157k€101k▼
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Reserves13€50k€50k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€48k€48k=
Profit (loss) carried forward14€95k€39k▼
Amounts payable17/49€9k€2k▼
Amounts payable within one year42/48€9k€2k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€7k€594▼
Taxes450/3€7k€594▼
Income statement
Code20232024
Turnover70€61k-
Goods, raw materials, services and sundry goods60/61€62k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▼
Other operating charges640/8€2k€622▼
Gross operating margin9900€-1k€-40k▼
Operating profit (loss)9901€-14k€-51k▼
Financial income75/76B€709€2k▲
Recurring financial income75€709€2k▲
Financial charges65/66B€279€348▲
Recurring financial charges65€279€348▲
Profit (loss) for the period before taxes9903€-14k€-50k▼
Income taxes67/77€-9k€6k▲
Profit (loss) for the period9904€-5k€-56k▼
Profit (loss) for the period to be appropriated9905€-5k€-56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€95k€39k▼
Profit (loss) brought forward from the previous period14P€100k€95k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €25k | €95k | €61k | - | - |
| Non-recurring operating income76A | - | - | €1k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €54k | €68k | €62k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €11k | €11k | €11k | €11k | ▼ 3.6% |
| Other operating charges640/8 | - | €14k | €1k | €2k | €622 | ▼ 70.5% |
| Non-recurring operating charges66A | - | €1 | €440 | - | - | - |
| Gross operating margin9900 | €52k | €-28k | €28k | €-1k | €-40k | ▼ 3,777% |
| Operating profit (loss)9901 | €37k | €-53k | €15k | €-14k | €-51k | ▼ 254% |
| Financial income75/76B | - | - | - | €709 | €2k | ▲ 116% |
| Recurring financial income75 | - | - | - | €709 | €2k | ▲ 116% |
| Financial charges65/66B | - | €326 | €454 | €279 | €348 | ▲ 24.5% |
| Recurring financial charges65 | €205 | €326 | €454 | €279 | €348 | ▲ 24.5% |
| Profit (loss) for the period before taxes9903 | €37k | €-54k | €15k | €-14k | €-50k | ▼ 256% |
| Income taxes67/77 | €5k | - | €-621 | €-9k | €6k | ▲ 162% |
| Profit (loss) for the period9904 | €32k | €-54k | €15k | €-5k | €-56k | ▼ 1,072% |
| Profit (loss) for the period to be appropriated9905 | €32k | €-54k | €15k | €-5k | €-56k | ▼ 1,072% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221k | €153k | €171k | €166k | €104k | ▼ 37.5% |
| Fixed assets21/28 | €65k | €35k | €24k | €13k | €4k | ▼ 68.0% |
| Tangible fixed assets22/27 | €65k | €35k | €24k | €13k | €4k | ▼ 68.0% |
| Plant, machinery and equipment23 | - | €11k | €8k | €4k | €4k | ▼ 8.9% |
| Furniture and vehicles24 | - | €25k | €17k | €8k | - | - |
| Current assets29/58 | €155k | €117k | €146k | €153k | €100k | ▼ 34.9% |
| Amounts receivable within one year40/41 | €32k | €20k | €16k | €34k | €33k | ▼ 3.8% |
| Other amounts receivable41 | - | €20k | €16k | €34k | €33k | ▼ 3.8% |
| Cash at bank and in hand54/58 | €123k | €97k | €130k | €119k | €67k | ▼ 43.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221k | €153k | €171k | €166k | €104k | ▼ 37.5% |
| Equity10/15 | €200k | €147k | €162k | €157k | €101k | ▼ 35.5% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Capital10 | - | €12k | €12k | €12k | €12k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €50k | €50k | €50k | €50k | €50k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €48k | €48k | €48k | €48k | = |
| Profit (loss) carried forward14 | €138k | €84k | €100k | €95k | €39k | ▼ 58.7% |
| Amounts payable17/49 | €20k | €6k | €9k | €9k | €2k | ▼ 73.3% |
| Amounts payable within one year42/48 | €20k | €6k | €9k | €9k | €2k | ▼ 73.3% |
| Trade debts44 | - | - | €446 | €2k | €2k | ▼ 12.4% |
| Suppliers440/4 | - | - | €446 | €2k | €2k | ▼ 12.4% |
| Taxes, remuneration and social security45 | - | €6k | €8k | €7k | €594 | ▼ 91.3% |
| Taxes450/3 | - | €6k | €8k | €7k | €594 | ▼ 91.3% |
| Other amounts payable47/48 | - | - | €367 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €-54k | €15k | €-5k | €-56k | ▼ 1,072% |
| + Depreciation and write-downs630 | €3k | €11k | €11k | €11k | €11k | ▼ 3.6% |
| Operating cash flow (approximation) | €35k | €-42k | €27k | €7k | €-45k | ▼ 782% |
| Investment in fixed assets (approximation) | - | €19k | €0 | €0 | €-2k | - |
| Change in cash | - | €-26k | €33k | €-11k | €-52k | ▼ 386% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 42.36
Current ratio from 17.37 to 42.36; short-term debt falls from €9k to €2k.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Equity above €150kEq €162k ▲10.4%
Equity rises from €147k to €162k.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 19.83
Current ratio from 7.68 to 19.83; short-term debt falls from €20k to €6k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €200k ▲1.2%
3 profitable years in a row build equity to €200k.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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.
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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, Ukkel · 1 establishment unit since 2013
Ground area
167 m²
Building footprint
167 m²
Volume, LiDAR
1,120 m³
Parcel 21612D0312/00V002, Brussels · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hamoirlaan 24E, 1180 Ukkel
since 20132.224.582.657
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0312/00V002 | Brussels | 167 m² | 1 · 167 m² | 10.3 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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,558 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)
Founded09-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.