Losses
-€29,479 in five years
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
SATPROD
Lifetime
5 annual accounts with figures on one time axispeak -€2,255 (2022)
-€2,952▲ €1,139
lowest -€16,032 (2021)
-€3,341▲ €920
peak €22,568 (2021)
€9,121▼ 26.8%
€3,554▲ 99.5%
Board1 name since 2020
-
Documentsfilings and deeds
16-07-202615 days before the deadline
2025micro format
Gross margin from -€4,090 to -€2,952Loss of €3,341Equity from €12,461 to €9,121Debts from €1,781 to €3,554
Key points
from the 2025 annual accountsLiquidity
2.22 was 3.38 in 2024
Short-term debts rose from €1,400 to €1,921.
Filings
5 annual accounts 3 late
The 2021 accounts came latest: 119 days after the end of the period.
Turnover not published (micro format)
Checked score
93
Excellent
Financially stronger than 47% of micro companies in computer and electronic products (NACE 26)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 447 companies (NACE 26, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.6%▲ +0.3 percentage points vs 09-2025highest value
11-2025: 0.2%▼ -0.4 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Sector: Manufacture of computer, electronic and optical products (NACE 26)
Liquidity: current ratio 2.22, cash €4,259
Size: total assets €12,674
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 26, micro). It does better than 72% of them on solvency, 85% on liquidity, 10% on profitability and 20% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as SATPROD has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SATPROD itself is lower: 0.1% within 12 months. It rests on far more data about SATPROD than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for SATPROD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.22 (3.38 in 2024), above the usual 1.5. Short-term debt is 15.2% and cash 33.6% of total assets. 28% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
2122232425
2021 to 2025 · latest year -€3,341
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 16-07-2026, 15 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
15 days early
2024
67 days late
2023
19 days late
2022
20 days early
2021
119 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 34 days after the deadline. In the sector (NACE 26), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0746499330
Registered office moved from Auderghem to Eghezée
New registered office: Rue de la chapelle 30, 5310 Éghezée · Previous registered office: Avenue Herrmann-Debroux 54, 1160 Auderghem · General meeting of 15-03-2022 · Gazette deed
Capital increase of €20,000 to €38,600
Capital from €18,600 to €38,600 · BORSU Louis Jean Patrice holds all the shares · General meeting of 29-03-2021 · Gazette deed
Incorporation
Founder: BORSU Louis Jean Patrice · 100,000 shares · Appointment: BORSU Louis Jean Patrice (director) · published on 28-04-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SATPROD Eghezée | €12,674 | -€2,952 | 72.0% | - |
| INDEVIO SOLUTIONS Jalhay | €12,273 | -€2,201 | -30.6% | - |
| ICRealisations Ham | €28,284 | €475 | 92.0% | - |
| Hold Energy Schoten | €33,286 | -€103,969 | -1375.7% | - |
| OppiCo Wasseiges | €16,767 | €5,130 | 38.7% | - |
| Innovabel Leuven | €9,622 | -€15,896 | -275.0% | - |
| PIXIT Ghent | €28,835 | €3,666 | -1.7% | - |
These companies have the same main activity as SATPROD: manufacture of computer, electronic and optical products (NACE 26110). They are comparable in size and age: total assets between €9,620 and €33,300, founded between 2015 and 2024.
Official details
Source: KBO- Status
- Active since 24-04-2020Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26110and 2 others
- Establishment unit
- 2.301.704.0905310 Eghezée, since 24-04-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €12,674▼ 11.0%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on SATPROD
SATPROD files the micro format. That format states no turnover. The gross margin rose from -€15,758 in 2021 to -€2,952 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SATPROD
- What is the company number of SATPROD?
- The company number of SATPROD is 0746.499.330. The VAT number is the same number with BE in front: BE 0746.499.330.
- Where is SATPROD based?
- The registered office is at Rue de la Chapelle 30, 5310 Eghezée.Company details
- What does SATPROD do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26110).
- What is the legal form of SATPROD?
- SATPROD is a private limited company (BV).
- When was SATPROD founded?
- SATPROD was founded on 24-04-2020.
- Is SATPROD still active?
- Yes, SATPROD is an active enterprise in the KBO register.
- What is the turnover of SATPROD?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it. In financial year 2021 turnover was €6,050.Financials
- Is SATPROD profitable?
- In financial year 2025, SATPROD made a loss of €3,341.
- Where can I find the annual accounts of SATPROD?
- SATPROD filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SATPROD due?
- SATPROD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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