SATIMAK

Active

Private limited companyfounded 20206 yrs activeRue Blanche-Porte(GUI) 4, 7620 Brunehaut, BelgiumKBO/BCE: BE 0748.840.493

SATIMAK has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.05M and a net result of €6k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 79% of 3150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2025

86 / 100

Excellent= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability3▼-1

Solvency100=

Growth52=

Stability100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €90k at 30 days acceptable

Liquidity ample (current ratio 9.02 against 3.7 in 2024), and 15.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

84.8%

Return on assets

0.5%

Age of the figures

14 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

9 d early

2024

26 d late

2023

58 d early

2022

26 d early

2021

3 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close10-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€6k▼ 21.2%

2024 · €8k

2022: €52k 2023: €61k 2024: €8k

2022 → 2025

Working capital

€348k▼ 1.6%

2024 · €353k

2022: €59k 2023: €106k 2024: €353k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€978k-€1.04M▲ 6.3%€1.05M▲ 0.8%€1.05M▲ 0.6%

Operating result€58k-€63k▲ 8.6%€17k▼ 73.0%€17k▲ 2.5%

Net result€52k-€61k▲ 17.9%€8k▼ 87.2%€6k▼ 21.2%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 2% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.24M

68.5%

31.5%

Fixed assets €852k▼ 0.3%

Current assets €391k▼ 19.2%

Equity and liabilities €1.24M

84.8%

15.2%

Equity €1.05M▲ 0.6%

Debt €189k▼ 34.9%

The debt ratio falls from 21.7% to 15.2%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€20k▲

2024 · €19k

Cash flow

€9k▼

2024 · €9k

Solvency

84.8%▲

2024 · 78.3%

Current ratio

9.02▲

2024 · 3.70

Quick ratio

9.02▲

2024 · 3.70

Debt / equity

0.18▼

2024 · 0.28

ROE

0.6%▼

2024 · 0.8%

ROA

0.5%▼

2024 · 0.6%

Interest coverage

4.42▼

2024 · 4.71

Debt

€189k▼

2024 · €291k

Debt ≤ 1 year

€43k▼

2024 · €131k

Debt > 1 year

€146k▼

2024 · €160k

Income taxes

€7k▲

2024 · €5k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.34M€1.24M▼

Fixed assets21/28€854k€852k▼

Tangible fixed assets22/27€288k€285k▼

Land and buildings22€288k€285k▼

Financial fixed assets28€566k€566k=

Current assets29/58€484k€391k▼

Amounts receivable within one year40/41€180k€124k▼

Trade receivables40€122k€61k▼

Other amounts receivable41€58k€63k▲

Cash at bank and in hand54/58€304k€267k▼

Equity and liabilities

Total equity and liabilities10/49€1.34M€1.24M▼

Equity10/15€1.05M€1.05M▲

Contributions10/11€97k€97k=

Reserves13€8k€14k▲

Distributable reserves133€8k€14k▲

Profit (loss) carried forward14€942k€942k=

Amounts payable17/49€291k€189k▼

Amounts payable after more than one year17€160k€146k▼

Financial debts170/4€160k€146k▼

Amounts payable within one year42/48€131k€43k▼

Current portion of amounts payable after more than one year42€14k€14k▲

Trade debts44€75k€15k▼

Suppliers440/4€75k€15k▼

Taxes, remuneration and social security45€38k€11k▼

Taxes450/3€14k€11k▼

Remuneration and social security454/9€24k-

Other amounts payable47/48€4k€4k=

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲

Other operating charges640/8€960€965▲

Gross operating margin9900€19k€21k▲

Operating profit (loss)9901€17k€17k▲

Financial charges65/66B€4k€4k▲

Recurring financial charges65€4k€4k▲

Profit (loss) for the period before taxes9903€13k€13k▼

Income taxes67/77€5k€7k▲

Profit (loss) for the period9904€8k€6k▼

Profit (loss) for the period to be appropriated9905€8k€6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€950k€949k▼

Profit (loss) brought forward from the previous period14P€942k€942k=

Transfer to equity691/2€8k€6k▼

To other reserves6921€8k€6k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 5Filings 5

Next filing, fiscal year 2026, expected by 31-01-2027

2026

22-01

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

30-06

Financial Weakest financial yearnet €6k ▼21.2%

Net result drops to €6k, the lowest in the series.

30-06

Financial Liquidity doublescurrent ratio 9.02

Current ratio from 3.70 to 9.02; short-term debt falls from €131k to €43k.

26-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 26 days late

2024

30-06

Financial Liquidity doublescurrent ratio 3.70

Current ratio from 1.77 to 3.70; short-term debt falls from €139k to €131k.

2023

04-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema

30-06

Financial Highest result since 2022net €61k ▲17.9%

Operating result €63k, net result €61k, both a record.

30-06

Financial Equity above €1MEq €1.04M ▲6.3%

2 profitable years in a row build equity to €1.04M.

05-01

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

28-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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