SATTECH
InactiveFinancials · financial year 2024, micro format
Equity
€6,404▼ 25.6%
2023 · €8,610
Total assets
€124,918▲ 6.3%
2023 · €117,514
Net result
-€2,206
2023 · €3,610
Working capital
-€74,477▼ 1.7%
2023 · -€73,248
Trend over the years
2023 to 2024, 2 financial years
The operating result falls in 2024; 2024 is 94% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€372
2024
Net result-€2,206
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€124,918
2024
Equity€6,404
2024
Debt€118,514
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€74,477
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20232024
Operating result€5,779-€372▼ 93.6%
Net result€3,610--€2,206
Equity€8,610-€6,404▼ 25.6%
Total assets€117,514-€124,918▲ 6.3%
Debt€108,904-€118,514▲ 8.8%
Working capital-€73,248--€74,477▼ 1.7%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €124,918
Fixed assets
€80,881 ▼ 1.2%
Current assets
€44,037 ▲ 23.5%
Equity and liabilities €124,918
Equity
€6,404 ▼ 25.6%
Debt
€118,514 ▲ 8.8%
Debt's share of the balance-sheet total rises from 92.7% to 94.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,075▼
2023 · €9,213
Cash flow
€3,496▼
2023 · €7,045
Current ratio
0.37▲
2023 · 0.33
Debt to equity
18.51▲
2023 · 12.65
ROE
-34.5%▼
2023 · 41.9%
ROA
-1.8%▼
2023 · 3.1%
Interest coverage
82.65▼
2023 · over 100
Debt ≤ 1 year
€118,514▲
2023 · €108,904
Income taxes
€2,505▲
2023 · €2,091
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,435 | €5,702 | ▲ 66.0% |
| Other operating charges640/8 | €413 | €1,062 | ▲ 157% |
| Gross operating margin9900 | €9,626 | €7,136 | ▼ 25.9% |
| Operating profit (loss)9901 | €5,779 | €372 | ▼ 93.6% |
| Financial charges65/66B | €77 | €74 | ▼ 4.9% |
| Recurring financial charges65 | €77 | €74 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €5,701 | €299 | ▼ 94.8% |
| Income taxes67/77 | €2,091 | €2,505 | ▲ 19.8% |
| Profit (loss) for the period9904 | €3,610 | -€2,206 | - |
| Profit (loss) for the period to be appropriated9905 | €3,610 | -€2,206 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €117,514 | €124,918 | ▲ 6.3% |
| Fixed assets21/28 | €81,858 | €80,881 | ▼ 1.2% |
| Intangible fixed assets21 | €2,013 | €5,886 | ▲ 192% |
| Tangible fixed assets22/27 | €79,845 | €74,995 | ▼ 6.1% |
| Land and buildings22 | €77,752 | €73,770 | ▼ 5.1% |
| Furniture and vehicles24 | €2,093 | €1,225 | ▼ 41.5% |
| Current assets29/58 | €35,656 | €44,037 | ▲ 23.5% |
| Amounts receivable within one year40/41 | - | €937 | - |
| Other amounts receivable41 | - | €937 | - |
| Cash at bank and in hand54/58 | €31,895 | €40,031 | ▲ 25.5% |
| Deferred charges and accrued income490/1 | €3,761 | €3,069 | ▼ 18.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €117,514 | €124,918 | ▲ 6.3% |
| Equity10/15 | €8,610 | €6,404 | ▼ 25.6% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €3,610 | €3,610 | = |
| Distributable reserves133 | €3,610 | €3,610 | = |
| Profit (loss) carried forward14 | - | -€2,206 | - |
| Amounts payable17/49 | €108,904 | €118,514 | ▲ 8.8% |
| Amounts payable within one year42/48 | €108,904 | €118,514 | ▲ 8.8% |
| Trade debts44 | €220 | €7,887 | ▲ 36× |
| Suppliers440/4 | €220 | €7,887 | ▲ 36× |
| Taxes, remuneration and social security45 | €12,398 | €2,505 | ▼ 79.8% |
| Taxes450/3 | €2,273 | €2,505 | ▲ 10.2% |
| Remuneration and social security454/9 | €10,125 | - | - |
| Other amounts payable47/48 | €96,285 | €108,122 | ▲ 12.3% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3,610 | -€2,206 | - |
| + Depreciation and write-downs630 | €3,435 | €5,702 | ▲ 66.0% |
| Operating cash flow (approximation) | €7,045 | €3,496 | ▼ 50.4% |
| Investment in fixed assets (approximation) | - | -€4,725 | - |
| Change in cash | - | €8,136 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 24-06-2025 | 2025-00180190 |
| 31-12-2023 | micro format | 09-08-2024 | 2024-00343966 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.