SCATRA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 30 filings
Turnover
≈ €32,000
Estimated: probably between €20,000 and €55,000
Total assets
€55,280▲ 67.8%
2024 · €32,939
Net result
-€3,027▼ 110%
2024 · -€1,444
Working capital
-€32,265▼ 963%
2024 · -€3,034
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€3,027
▼ 116%
2025
20182025
Net result
-€3,027
▼ 110%
2025
lowest quarter of the sector
20182025
Equity
€19,515
▼ 13.4%
2025
middle half of the sector
20182025
Total assets
€55,280
▲ 67.8%
2025
middle half of the sector
20182025
Debt
€35,765
▲ 244%
2025
20182025
Working capital
-€32,265
▼ 963%
2025
lowest quarter of the sector
20182025
Solvency
35.3%
▼ 33.1pp
2025
middle half of the sector
20182025
Current ratio
0.10
▼ 0.61
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-5.5%
▼ 1.1pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€5-€51▲ 942%€109▲ 114%€5,380▲ 49×€169▼ 96.9%-€463-€1,404▼ 203%-€3,027▼ 116%
Net result€5-€51▲ 942%€109within the sector's middle half▲ 114%€5,380within the sector's middle half▲ 49×€169within the sector's middle half▼ 96.9%-€463within the sector's middle half-€1,444within the sector's middle half▼ 212%-€3,027below the sector's middle half▼ 110%
Equity€18,740-€18,791▲ 0.3%€18,900within the sector's middle half▲ 0.6%€24,280within the sector's middle half▲ 28.5%€24,449within the sector's middle half▲ 0.7%€23,985within the sector's middle half▼ 1.9%€22,542within the sector's middle half▼ 6.0%€19,515within the sector's middle half▼ 13.4%
Total assets€18,740-€20,570▲ 9.8%€25,677below the sector's middle half▲ 24.8%€40,701below the sector's middle half▲ 58.5%€38,084below the sector's middle half▼ 6.4%€33,335below the sector's middle half▼ 12.5%€32,939below the sector's middle half▼ 1.2%€55,280within the sector's middle half▲ 67.8%
Debt€1,779€6,777▲ 281%€16,422▲ 142%€13,636▼ 17.0%€9,349▼ 31.4%€10,397▲ 11.2%€35,765▲ 244%
Working capital-€1,209-€5,434within the sector's middle half▼ 349%-€12,190below the sector's middle half▼ 124%-€6,945within the sector's middle half▲ 43.0%-€4,499within the sector's middle half▲ 35.2%-€3,034within the sector's middle half▲ 32.6%-€32,265below the sector's middle half▼ 963%
Solvency100.0%-91.4%▼ 8.6pp73.6%above the sector's middle half▼ 17.7pp59.7%within the sector's middle half▼ 14.0pp64.2%within the sector's middle half▲ 4.5pp72.0%above the sector's middle half▲ 7.8pp68.4%above the sector's middle half▼ 3.5pp35.3%within the sector's middle half▼ 33.1pp
Current ratio0.320.20below the sector's middle half▼ 0.120.26below the sector's middle half▲ 0.060.49below the sector's middle half▲ 0.230.52below the sector's middle half▲ 0.030.71below the sector's middle half▲ 0.190.10below the sector's middle half▼ 0.61
Return on assets (ROA)0.0%-0.2%▲ 0.2pp0.4%within the sector's middle half▲ 0.2pp13.2%within the sector's middle half▲ 12.8pp0.4%within the sector's middle half▼ 12.8pp-1.4%within the sector's middle half▼ 1.8pp-4.4%below the sector's middle half▼ 3.0pp-5.5%below the sector's middle half▼ 1.1pp
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €3,027, larger than the loss of €1,404 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55,280
Fixed assets
€51,780 ▲ 102%
Current assets
€3,500 ▼ 52.5%
Equity and liabilities €55,280
Equity
€19,515 ▼ 13.4%
Debt
€35,765 ▲ 244%
Debt's share of the balance-sheet total rises from 31.6% to 64.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,171▼
2024 · €1,505
Cash flow
€1,171▼
2024 · €1,465
Debt to equity
1.83▲
2024 · 0.46
ROE
-15.5%▼
2024 · -6.4%
Debt ≤ 1 year
€35,765▲
2024 · €10,397
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €21,045 | - | - | - | €35,977 |
| Depreciation and write-downs of the year | €2,409 | €5,076 | €2,909 | €2,909 | €4,197 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,468 | - | €2,167 | €2,409 | €5,076 | €2,909 | €2,909 | €4,197 | ▲ 44.3% |
| Other operating charges640/8 | - | - | - | €348 | €348 | €923 | €387 | €4,736 | ▲ 12× |
| Gross operating margin9900 | €4,820 | €398 | €2,623 | €8,136 | €5,592 | €3,368 | €1,892 | €5,906 | ▲ 212% |
| Operating profit (loss)9901 | €5 | €51 | €109 | €5,380 | €169 | -€463 | -€1,404 | -€3,027 | ▼ 116% |
| Financial charges65/66B | - | - | - | - | - | - | €39 | - | - |
| Recurring financial charges65 | - | - | - | - | - | - | €39 | - | - |
| Profit (loss) for the period before taxes9903 | €5 | €51 | €109 | €5,380 | €169 | -€463 | -€1,444 | -€3,027 | ▼ 110% |
| Profit (loss) for the period9904 | €5 | €51 | €109 | €5,380 | €169 | -€463 | -€1,444 | -€3,027 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €5 | €51 | €109 | €5,380 | €169 | -€463 | -€1,444 | -€3,027 | ▼ 110% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €18,740 | €20,570 | €25,677 | €40,701 | €38,084 | €33,335 | €32,939 | €55,280 | ▲ 67.8% |
| Fixed assets21/28 | €15,000 | €20,000 | €24,333 | €36,470 | €31,394 | €28,485 | €25,576 | €51,780 | ▲ 102% |
| Intangible fixed assets21 | €15,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Tangible fixed assets22/27 | - | - | €4,333 | €16,470 | €11,394 | €8,485 | €5,576 | €31,780 | ▲ 470% |
| Furniture and vehicles24 | - | - | - | €16,470 | €11,394 | €8,485 | €5,576 | €31,780 | ▲ 470% |
| Current assets29/58 | €3,740 | €570 | €1,344 | €4,231 | €6,690 | €4,850 | €7,363 | €3,500 | ▼ 52.5% |
| Amounts receivable within one year40/41 | €3,288 | €551 | €528 | €4,231 | €1,586 | €3,015 | €737 | €433 | ▼ 41.2% |
| Other amounts receivable41 | - | - | - | €4,231 | €1,586 | €3,015 | €737 | €433 | ▼ 41.2% |
| Cash at bank and in hand54/58 | €453 | €19 | €816 | - | €5,104 | €1,835 | €6,626 | €3,067 | ▼ 53.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €18,740 | €20,570 | €25,677 | €40,701 | €38,084 | €33,335 | €32,939 | €55,280 | ▲ 67.8% |
| Equity10/15 | €18,740 | €18,791 | €18,900 | €24,280 | €24,449 | €23,985 | €22,542 | €19,515 | ▼ 13.4% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | €148 | €199 | €308 | €5,688 | €5,857 | €5,393 | €3,950 | €923 | ▼ 76.6% |
| Amounts payable17/49 | - | €1,779 | €6,777 | €16,422 | €13,636 | €9,349 | €10,397 | €35,765 | ▲ 244% |
| Amounts payable within one year42/48 | - | €1,779 | €6,777 | €16,422 | €13,636 | €9,349 | €10,397 | €35,765 | ▲ 244% |
| Trade debts44 | - | €1,087 | €85 | €1,232 | €1,174 | €1,222 | €1,193 | €575 | ▼ 51.8% |
| Suppliers440/4 | - | - | - | €1,232 | €1,174 | €1,222 | €1,193 | €575 | ▼ 51.8% |
| Other amounts payable47/48 | - | - | - | €15,190 | €12,462 | €8,127 | €9,204 | €35,190 | ▲ 282% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5 | €51 | €109 | €5,380 | €169 | -€463 | -€1,444 | -€3,027 | ▼ 110% |
| + Depreciation and write-downs630 | €4,468 | - | €2,167 | €2,409 | €5,076 | €2,909 | €2,909 | €4,197 | ▲ 44.3% |
| Operating cash flow (approximation) | €4,473 | €51 | €2,275 | €7,789 | €5,245 | €2,446 | €1,465 | €1,171 | ▼ 20.1% |
| Investment in fixed assets (approximation) | - | -€5,000 | -€6,500 | -€14,545 | €0 | €0 | €0 | -€30,401 | - |
| Change in cash | - | -€434 | €798 | - | - | -€3,269 | €4,791 | -€3,559 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as SCATRA has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SCATRA itself is higher: 1.6% within 12 months. It rests on far more data about SCATRA than the profile alone.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for SCATRA. 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.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00286928 | |
| 31-12-2024 | micro format | 11-08-2025 | 2025-00372506 | |
| 31-12-2023 | micro format | 09-08-2024 | 2024-00343303 | |
| 31-12-2022 | micro format | 03-08-2023 | 2023-00314003 | |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20279897 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43500359 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37500090 | |
| 31-12-2018 | micro format | 09-09-2019 | 2019-63700440 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-49400330 | |
| 31-12-2016 | micro format | 23-08-2017 | 2017-46800390 |