Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SATELLITE INDUSTRIES from Sint-Gillis (bij-Brussel), company number BE0894561417, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year SATELLITE INDUSTRIES recorded revenue of € 69.9 million and equity of € 13.9 million. Compared with financial year 2024, the result moved from € 1.7 million to € 1.9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 4, 2026.
€ 13.9 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▲ 15% vs 2024
Profit after tax over the fiscal year.
€ 6.5 million
▲ 296% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 12.9 million.
People and assets in 2025
13.9
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▼ 11% vs 2024
€ 106,100 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.
€ 197,825
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 44.8 million
▲ 57% vs 2024
€ 2.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 5.1 million
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 28 days on average.
€ 1 million
▲ 45% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 53,863,491 | € 47,428,393 | € 48,796,867 | € 69,874,096 | ▲ 43% |
| Profit after taxes | € 1,087,641 | € 1,559,670 | € 1,651,486 | € 1,897,759 | ▲ 15% |
| Equity | € 8,814,549 | € 10,374,219 | € 12,025,705 | € 13,923,464 | ▲ 16% |
| Total debts | € 34,257,222 | € 49,783,509 | € 44,545,329 | € 62,898,783 | ▲ 41% |
| Cash | € 8,122,306 | € 2,043,495 | € 1,634,659 | € 6,471,902 | ▲ 296% |
| Retained profit | € 7,775,516 | € 9,335,186 | € 10,986,672 | € 12,884,431 | ▲ 17% |
| Bank debt | € 16,575,678 | € 30,179,207 | € 28,550,868 | € 44,788,912 | ▲ 57% |
| Balance sheet total | € 43,071,771 | € 60,157,728 | € 56,571,034 | € 76,941,800 | ▲ 36% |
| Employees (FTE) | 9.7 | 10.9 | 14.5 | 13.9 | ▼ 0.6 |
Key figures of SATELLITE INDUSTRIES, 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 INDUSTRIES?
What happened at SATELLITE INDUSTRIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.9 million (▲ 15% vs 2024). filed late Source: NBB ↗
- Dare & Care Management BV became a director. NBB
- Eric Rierson became a director. NBB
- Todd Loren Hilde became a director. NBB
- John Babcock became a director. NBB
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 1.9 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.9 million profit.
Pays suppliers within 28 days on average.
A new publication or filing at SATELLITE INDUSTRIES? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SATELLITE INDUSTRIES are Todd Loren Hilde, Dare & Care Management BV, John Babcock and Eric Rierson. It owns 100% of Satellite Industries Poland, 100% of Satellite Industries GB Limited, 100% of Satellite Industries Italy S.R.L., 100% of Satellite Industries France, 100% of Satellite Netherlands BV and 100% of Scanvogn ApS itself.
Directors
According to the 2025 annual accounts
Todd Loren Hilde
Director
since 2022
Managing director · represented by Georges Köller
since 2025
John Babcock
Director
since 2022
Eric Rierson
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Gulden-Vlieslaan 67
1060 Sint-Gillis (bij-Brussel)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →First Louise
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0894.561.417
- VAT number
- BE 0894.561.417
- Registered office
- Gulden-Vlieslaan 67, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- SATELLITE INDUSTRIES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 2007
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in sanitair
Vervaardiging van huishoudelijke en sanitaire producten van metaal