Formula sat
0837.520.170 · rovalta.com · 08/11/2026
ACTIVE
Formula sat
Financial year 2025 · Closed on 31/12/2025
Net result-44,6 k €+1,9 %over 1 year
Revenue131,8 k €-32,9 %over 1 year
Equity171,9 k €-20,6 %over 1 year
Overview
Identity
Source · BCE/KBOFormula sat is a Private limited company incorporated in 2011. Its main activity is: Electrical installation. Its registered office is in Waterloo.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0837.520.170
- Incorporation
- 04/07/2011
- Legal form
- Private limited company
- Registered office
- Avenue du Longchamp 3
1410 Waterloo · WallonieSee on map - Contributed capital
- 6 200,00 €
- Latest accounts
- 31/12/2025
Activities (NACE)
43211Electrical installation· main43211Electrical installation46643Wholesale of machinery for the textile industry and of sewing and knitting machines46693Wholesale of other machinery and equipment42220Construction of utility projects for electricity and telecommunications42220Construction of utility projects for electricity and telecommunications+8
Joint committees (2)
- 200
- 330
Signals
Solid equityLow riskGood liquidityHealthy social debts
Financials
Source · NBB, 14 filingsTrend over 14 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 131,8 k € | -32.9% | 196,5 k € | -34.7% | 300,7 k € | -32.3% | 444,3 k € | +15.0% | 386,2 k € |
| EBITDA | -40,5 k € | -61.8% | -25 k € | -358% | 9,7 k € | -80.5% | 49,7 k € | -39.3% | 81,9 k € |
| Operating result | -41,5 k € | -58.9% | -26,1 k € | -401% | 8,7 k € | -82.2% | 48,6 k € | -37.4% | 77,6 k € |
| Net result | -44,6 k € | +1.9% | -45,5 k € | -292% | -11,6 k € | -143% | 26,8 k € | -62.9% | 72,2 k € |
| Balance sheet | |||||||||
| Equity | 171,9 k € | -20.6% | 216,5 k € | -17.4% | 262 k € | -4.2% | 273,6 k € | +10.9% | 246,8 k € |
| Total assets | 206,6 k € | -22.8% | 267,6 k € | -21.7% | 341,7 k € | -15.1% | 402,3 k € | +4.0% | 386,7 k € |
| Cash | 32,9 k € | -65.1% | 94,4 k € | -44.0% | 168,5 k € | -11.5% | 190,3 k € | -11.3% | 214,6 k € |
| Debts | 34,7 k € | -22.4% | 44,7 k € | -43.8% | 79,6 k € | -21.8% | 101,9 k € | +76.8% | 57,6 k € |
| Other | |||||||||
| Workforce | – | – | – | – | 1,0 ETP | ||||
Valuation
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20251 active
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
MAURIZIO TROIANI | DirectorManager2022 accountsended |
Other companies at this address
Avenue du Longchamp 3 1410 Waterloo| Company | CBE no. |
|---|---|
EURECA BENELUX● Active | 0862.400.670 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Abridged model | Abridged model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 19/10/2026 | 25/11/2025 | 06/12/2024 | 28/09/2023 | 15/11/2022 | 13/12/2021 |
| General meeting | 05/06/2026 | 06/06/2025 | 07/06/2024 | 02/06/2023 | 03/06/2022 | 01/06/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 14 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 05/06/2026 | 19/10/2026 | French | |
| Micro model | 31/12/2024 | 06/06/2025 | 25/11/2025 | French | |
| Micro model | 31/12/2023 | 07/06/2024 | 06/12/2024 | French | |
| Abridged model | 31/12/2022 | 02/06/2023 | 28/09/2023 | French | |
| Abridged model | 31/12/2021 | 03/06/2022 | 15/11/2022 | French | |
| Micro model | 31/12/2020 | 01/06/2021 | 13/12/2021 | French | |
| Micro model | 31/12/2019 | 02/06/2020 | 16/12/2020 | French | |
| Abridged model | 31/12/2018 | 03/06/2019 | 26/12/2019 | French | |
| Abridged model | 31/12/2017 | 04/06/2018 | 05/12/2018 | French | |
| Abridged model | 31/12/2016 | 02/06/2017 | 15/11/2017 | French | |
| Abridged model | 31/12/2015 | 03/06/2016 | 16/11/2016 | French | |
| Abridged model | 31/12/2014 | 28/08/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2013 | 28/08/2014 | 29/08/2014 | French | |
| Abridged model | 31/12/2012 | 07/06/2013 | 30/08/2013 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 k€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20251 active
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
MAURIZIO TROIANI | DirectorManager2022 accountsended |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Other12/11/2024Mandat
- Mandates20/12/2023DEMISSIONS, NOMINATIONS, DIVERS, STATUTS (TRADUCTION,
- Registered office01/04/2019Transfert du Siège Social
- Capital / shares08/02/2016CAPITAL, ACTIONS
- Registered office31/03/2015SIEGE SOCIAL
- Registered office22/10/2013TRANSFERT SIEGE SOCIAL
- Other06/07/2011Constitution
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings14 filings
Mandates
MAURIZIO TROIANI
2011201220132014201520162017201820192020202120222023202420252026
Formula sat
Avenue du Longchamp 3, 1410 Waterloo
Director
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Avenue du Longchamp 3, 1410 WaterlooCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00563031 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| Formula satCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00563031 |
Events
- 2025Annual accounts 2025-44,6 k €↑
- 2024Annual accounts 2024-45,5 k €↓
- 2023Annual accounts 2023-11,6 k €↓
- 2022Annual accounts 202226,8 k €↓
- 2021Annual accounts 202172,2 k €↓
- 2020Annual accounts 2020110,2 k €↑
- 2019Annual accounts 20194,1 k €↓
- 2018Annual accounts 20188,6 k €↑
- 2017Annual accounts 2017-24,6 k €↓
- 2016Annual accounts 20168 k €↓
- 2015Annual accounts 201546,6 k €↑
- 2014Annual accounts 201413,7 k €↓
- 2013Annual accounts 201316,5 k €↑
- 2012Annual accounts 20121,4 k €
- 04/07/2011IncorporationPrivate limited company