Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SATELLITE from Zonnebeke, company number BE0462935765, closed financial year 2025 with a result of € -3,968 after tax. For that financial year SATELLITE recorded a gross margin of € 22,670 and equity of € 21,995. Compared with financial year 2024, the result moved from € -12,551 to € -3,968. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 21,995
▲ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,968
▲ 68 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,305
▲ € 3,848 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3,395.
Debts at end 2025
€ 126,728
▼ 10% vs 2024
€ 14,081 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 2,183
▲ 139% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,353
▲ 99% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 16,747 | € 6,850 | € 12,752 | € 22,670 | ▲ 78% |
| Profit after taxes | € -26,963 | € -19,457 | € -12,551 | € -3,968 | ▲ € 8,582 |
| Equity | € 47,430 | € 27,973 | € 15,423 | € 21,995 | ▲ 43% |
| Total debts | € 507,086 | € 503,157 | € 475,993 | € 463,349 | ▼ 3% |
| Cash | € 10,621 | € 8,628 | € 457 | € 4,305 | ▲ € 3,848 |
| Land & buildings | € 508,660 | € 489,450 | € 474,700 | € 459,026 | ▼ 3% |
| Retained profit | € 28,830 | € 9,373 | € -3,177 | € 3,395 | ▲ € 6,573 |
| Bank debt | € 167,657 | € 154,229 | € 140,588 | € 126,728 | ▼ 10% |
| Balance sheet total | € 612,923 | € 570,795 | € 528,886 | € 510,581 | ▼ 3% |
Key figures of SATELLITE, 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 SATELLITE?
What happened at SATELLITE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,968. Source: NBB ↗
- Frans Verfaillie became a director. NBB
- MARTINE TOORRE became a director. NBB
- New establishment in Zonnebeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,963 loss in 2022 to € 3,968 loss in 2025.
Paid € 7,135 in corporate taxes since 2022.
Management
Behind SATELLITE are Frans Verfaillie and MARTINE TOORRE. MARTINE TOORRE is also behind HOUSE SPIRIT.
Directors
According to the 2025 annual accounts
Frans Verfaillie
Director
since 2020
since 2015
Establishments
Establishment units
Physical locations of this company
Passendalestraat 237
8980 Zonnebeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.935.765
- VAT number
- BE 0462.935.765
- Registered office
- Passendalestraat 237, 8980 Zonnebeke
- Names & denominations
- SATELLITE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 1998
- Peppol
- Active · Active since 2 Sept 2025
- Activities · NACE
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