SATRANS
ActiveSummary
The computed 12-month bankruptcy probability of SATRANS is 2.5% (moderate). The annual accounts of SATRANS for fiscal year 2025 show a net loss of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €8k and a net result of €-32k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 13% of 27965 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-65
Solvency32▼-40
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit 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 tight (current ratio 1.41 against 1.36 in 2024; short-term debt: 55.2% and cash: 6.8% of total assets), and 92.8% 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.
+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 →
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
7.2%
Return on assets
-28.4%
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 €-32k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 13%
← weakest
strongest →
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 04-06-2026, 57 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
57 d early
2024
28 d early
2023
51 d early
2022
53 d early
2021
40 d early
2020
43 d early
2019
36 d early
← 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
€-32k▼ 1,874%
2024 · €-2k
2018: €22khighest in 8 years
2019: €6k▼ -71.2% vs 2018
2020: €10k▲ +61.9% vs 2019
2021: €-421▼ -104% vs 2020
2022: €-7k▼ -1552% vs 2021
2023: €5k▲ +165% vs 2022
2024: €-2k▼ -135% vs 2023
2025: €-32k▼ -1874% vs 2024lowest in 8 years
2018 → 2025
Working capital
€25k▲ 175%
2024 · €9k
2018: €28k
2019: €24k▼ -15.1% vs 2018
2020: €24k▲ +2.7% vs 2019
2021: €28k▲ +17.4% vs 2020highest in 8 years
2022: €8k▼ -71.0% vs 2021
2023: €5k▼ -43.7% vs 2022lowest in 8 years
2024: €9k▲ +96.9% vs 2023
2025: €25k▲ +175% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€37k▼ 15.9%€41k▲ 12.3%€40k▼ 3.9%€8k▼ 79.7%
2021: €44khighest in 5 years
2022: €37k▼ -15.9% vs 2021
2023: €41k▲ +12.3% vs 2022
2024: €40k▼ -3.9% vs 2023
2025: €8k▼ -79.7% vs 2024lowest in 5 years
Operating result€5k-€-5k€8k€3k▼ 63.2%€-29k
2021: €5k
2022: €-5k▼ -200% vs 2021
2023: €8k▲ +259% vs 2022highest in 5 years
2024: €3k▼ -63.2% vs 2023
2025: €-29k▼ -1051% vs 2024lowest in 5 years
Net result€-421-€-7k▼ 1,552%€5k€-2k€-32k▼ 1,874%
2021: €-421
2022: €-7k▼ -1552% vs 2021
2023: €5k▲ +165% vs 2022highest in 5 years
2024: €-2k▼ -135% vs 2023
2025: €-32k▼ -1874% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €29k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€25k ▼ 50.7%
Current assets
€86k ▲ 151%
Equity and liabilities €111k
Equity
€8k ▼ 79.7%
Debt
€103k ▲ 130%
Debt's share of the balance-sheet total rises from 53.1% to 92.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2024 · €25k
Cash flow
€-18k▼
2024 · €20k
Current ratio
1.41▲
2024 · 1.36
Debt to equity
12.81▲
2024 · 1.13
ROE
-392.2%▼
2024 · -4.0%
ROA
-28.4%▼
2024 · -1.9%
Interest coverage
-5.85▼
2024 · 5.80
Debt ≤ 1 year
€61k▲
2024 · €25k
Debt > 1 year
€42k▲
2024 · €18k
Income taxes
€105▼
2024 · €374
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€111k▲
Fixed assets21/28€50k€25k▼
Tangible fixed assets22/27€50k€25k▼
Plant, machinery and equipment23€21k€13k▼
Furniture and vehicles24€29k€12k▼
Current assets29/58€34k€86k▲
Amounts receivable within one year40/41€29k€79k▲
Trade receivables40€20k€61k▲
Other amounts receivable41€9k€18k▲
Cash at bank and in hand54/58€4k€8k▲
Deferred charges and accrued income490/1€532€410▼
Equity and liabilities
Total equity and liabilities10/49€84k€111k▲
Equity10/15€40k€8k▼
Contributions10/11€6k€6k=
Reserves13€1k€1k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€32k€459▼
Amounts payable17/49€45k€103k▲
Amounts payable after more than one year17€18k€42k▲
Financial debts170/4€18k€42k▲
Amounts payable within one year42/48€25k€61k▲
Current portion of amounts payable after more than one year42€17k€22k▲
Trade debts44€7k€37k▲
Suppliers440/4€7k€37k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€14k▼
Other operating charges640/8€128€149▲
Gross operating margin9900€25k€-15k▼
Operating profit (loss)9901€3k€-29k▼
Financial income75/76B-€6
Recurring financial income75-€6
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-1k€-31k▼
Income taxes67/77€374€105▼
Profit (loss) for the period9904€-2k€-32k▼
Profit (loss) for the period to be appropriated9905€-2k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€459▼
Profit (loss) brought forward from the previous period14P€34k€32k▼
The notes to these accounts (7 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 | €7k | €13k | €23k | €22k | €14k | ▼ 35.7% |
| Other operating charges640/8 | €1k | €2k | €2k | €128 | €149 | ▲ 16.4% |
| Gross operating margin9900 | €14k | €10k | €33k | €25k | €-15k | ▼ 160% |
| Operating profit (loss)9901 | €5k | €-5k | €8k | €3k | €-29k | ▼ 1,051% |
| Financial income75/76B | €1 | - | €4k | - | €6 | - |
| Recurring financial income75 | €1 | - | €4k | - | €6 | - |
| Financial charges65/66B | €5k | €2k | €6k | €4k | €3k | ▼ 40.0% |
| Recurring financial charges65 | €5k | €2k | €6k | €4k | €3k | ▼ 40.0% |
| Profit (loss) for the period before taxes9903 | €242 | €-7k | €6k | €-1k | €-31k | ▼ 2,468% |
| Income taxes67/77 | €663 | - | €1k | €374 | €105 | ▼ 71.9% |
| Profit (loss) for the period9904 | €-421 | €-7k | €5k | €-2k | €-32k | ▼ 1,874% |
| Profit (loss) for the period to be appropriated9905 | €-421 | €-7k | €5k | €-2k | €-32k | ▼ 1,874% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65k | €92k | €120k | €84k | €111k | ▲ 31.6% |
| Fixed assets21/28 | €15k | €61k | €72k | €50k | €25k | ▼ 50.7% |
| Tangible fixed assets22/27 | €15k | €61k | €72k | €50k | €25k | ▼ 50.7% |
| Plant, machinery and equipment23 | - | €32k | €29k | €21k | €13k | ▼ 39.3% |
| Furniture and vehicles24 | €15k | €29k | €42k | €29k | €12k | ▼ 59.0% |
| Current assets29/58 | €49k | €31k | €49k | €34k | €86k | ▲ 151% |
| Amounts receivable within one year40/41 | €38k | €27k | €46k | €29k | €79k | ▲ 167% |
| Trade receivables40 | €12k | €9k | €33k | €20k | €61k | ▲ 203% |
| Other amounts receivable41 | €26k | €18k | €13k | €9k | €18k | ▲ 89.1% |
| Cash at bank and in hand54/58 | €9k | €3k | €1k | €4k | €8k | ▲ 67.4% |
| Deferred charges and accrued income490/1 | €2k | €1k | €1k | €532 | €410 | ▼ 22.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65k | €92k | €120k | €84k | €111k | ▲ 31.6% |
| Equity10/15 | €44k | €37k | €41k | €40k | €8k | ▼ 79.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | €1k | €1k | - | - | - | - |
| Reserves not available under the articles1311 | €1k | €1k | - | - | - | - |
| Distributable reserves133 | - | - | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €36k | €29k | €34k | €32k | €459 | ▼ 98.6% |
| Amounts payable17/49 | €21k | €56k | €79k | €45k | €103k | ▲ 130% |
| Amounts payable after more than one year17 | - | €32k | €35k | €18k | €42k | ▲ 134% |
| Financial debts170/4 | - | €32k | €35k | €18k | €42k | ▲ 134% |
| Amounts payable within one year42/48 | €21k | €23k | €44k | €25k | €61k | ▲ 142% |
| Current portion of amounts payable after more than one year42 | €4k | €15k | €21k | €17k | €22k | ▲ 29.7% |
| Trade debts44 | €13k | €7k | €22k | €7k | €37k | ▲ 471% |
| Suppliers440/4 | €13k | €7k | €22k | €7k | €37k | ▲ 471% |
| Taxes, remuneration and social security45 | €4k | €663 | €1k | €2k | €2k | ▲ 6.7% |
| Taxes450/3 | €4k | €663 | €1k | €2k | €2k | ▲ 6.7% |
| Accrued charges and deferred income492/3 | - | - | - | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-421 | €-7k | €5k | €-2k | €-32k | ▼ 1,874% |
| + Depreciation and write-downs630 | €7k | €13k | €23k | €22k | €14k | ▼ 35.7% |
| Operating cash flow (approximation) | €7k | €6k | €27k | €20k | €-18k | ▼ 188% |
| Investment in fixed assets (approximation) | - | €-58k | €-34k | €0 | €11k | - |
| Change in cash | - | €-7k | €-2k | €3k | €3k | ▼ 12.4% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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
2 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, Brussel · 1 establishment unit since 2017
Ground area
543 m²
Building footprint
313 m²
Volume, LiDAR
3,456 m³
2 parcels, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Satrans
since 20172.269.726.853
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818E0200/00B008 | Brussels | 284 m² | 1 · 101 m² | 15.8 m · 4 fl. |
| 21819C0068/00S000 | Brussels | 258 m² | 1 · 212 m² | 12.3 m · 3 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.
Similar companies · same sector, comparable size
KRALO
BE 0797.897.353
Geraardsbergen · Eq €8,050
KAZAL RENOVATION
BE 1007.145.159
Sint-Genesius-Rode · Eq €8,053
Philippe DALCQ
BE 0473.441.360
Perwez · Eq €8,044
ISO BRABANT
BE 0447.674.202
Incourt · Eq €8,071
JN CONSTRUCT
BE 0843.111.825
Hoeilaart · Eq €8,079
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 3,647 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)
Founded26-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43230Insulation installation
43240Other construction installation
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.