Financials
Financial year 2025
SATRACOM from Waimes, company number BE0402461116, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year SATRACOM recorded revenue of € 14.3 million and equity of € 6.7 million. Compared with financial year 2024, the result moved from € 1.3 million to € 1.3 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 6.7 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 1,621
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 670,000 paid out
50 % of the profit went to the shareholders, mostly to EUROBUS HOLDING (100 % of the shares). That is where the money ends up.
People and assets in 2025
120.5
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.1 million
▲ 2% vs 2024
€ 58,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3.5 million
▲ 14% vs 2024
Of which on lease € 2.8 million.
Debts at end 2025
€ 4.1 million
€ 958,742 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 687,242
▲ 189% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 1.2 million
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,611,280 | € 13,844,333 | € 14,029,139 | € 14,270,950 | ▲ 2% |
| Profit after taxes | € 541,198 | € 1,441,652 | € 1,250,374 | € 1,340,304 | ▲ 7% |
| Equity | € 14,726,224 | € 9,747,876 | € 5,998,250 | € 6,668,555 | ▲ 11% |
| Total debts | € 11,121,724 | € 12,084,677 | € 10,747,648 | € 6,671,284 | ▼ 38% |
| Cash | € 2,322 | € 1,500 | € 2,450 | € 1,621 | ▼ 34% |
| Land & buildings | € 260,690 | € 239,045 | € 231,591 | € 254,280 | ▲ 10% |
| Retained profit | € 13,976,224 | € 8,997,876 | € 5,248,250 | € 5,918,555 | ▲ 13% |
| Dividend | € 5,500,000 | € 6,420,000 | € 5,000,000 | € 670,000 | ▼ 87% |
| Bank debt | € 3,501,290 | € 3,597,358 | € 4,075,306 | € 4,068,346 | |
| Balance sheet total | € 25,869,948 | € 21,854,553 | € 16,767,898 | € 13,339,839 | ▼ 20% |
| Employees (FTE) | 132.5 | 129.2 | 122.1 | 120.5 | ▼ 1.6 |
Key figures of SATRACOM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SATRACOM?
What happened at SATRACOM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VEDEX Manangement SCS stepped down as director. NBB
- Philippe Docx stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ 7% vs 2024). Source: NBB ↗
- Pierre DENIS stepped down as director. NBB
- VEDEX Manangement SCS became a director. NBB
- Philippe Docx became a director. NBB
- Pierre DENIS became a director. NBB
- New establishment in Visé. KBO
In short
From € 541,198 profit in 2022 to € 1.3 million profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.4 million profit.
Paid out € 17.6 million in dividends to the owners in total.
Management
The shares are held by EUROBUS HOLDING (99.9%).
Directors
According to the 2025 annual accounts
Philippe Docx
Director
Also active at: Cintra, ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIE, Etablissements François Cardona & Deltenre, Société anomyme des autobus régionaux, Transports Penning, Les Voyages François Lenoir, EUROBUSSING WALLONIE, SOPHIBUS +1 more
since 2024 · until 2027
Pierre DENIS
Director
Also active at: Cintra, ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIE, Garage du Perron, T.C.M. Cars, Keolis Travel, Compagnie des Autobus liégeois, Van Rompaye, Etablissements François Cardona & Deltenre +15 more
since 2023 · until 2026
Director · represented by Philippe DETRIXHE
Also active at: Cintra, ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIE, Garage du Perron, T.C.M. Cars, Compagnie des Autobus liégeois, Société anomyme des autobus régionaux, TAXIS MELKIOR
since 2025 · until 2028
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Hottleux 63
4950 Waimes
Route de Coo 82
4980 Trois-Ponts
Active since 3 October 1994
Avenue de Navagne(VIS) 62
4600 Visé
Active since 20 December 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.461.116
- VAT number
- BE 0402.461.116
- Registered office
- Rue de Hottleux 63, 4950 Waimes
- Names & denominations
- SATRACOM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 21 Aug 2025
- Activities · NACE
Overig personenvervoer volgens een dienstregeling
Personenvervoer over de weg volgens dienstregeling
Stedelijk en voorstedelijk personenvervoer
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van overige motorvoertuigen (> 3,5 ton)
Verhuur en lease van vrachtwagens
Detailhandel in motorvoertuigen
+4