Adolescents in residential care display a self-perception of their own skills that may differ from how their youth workers perceive them. This difference in perceptions may influence the way youth workers see the adolescents they serve and can have an impact on the development of these children. Moreover, how adolescents perceive their own skills may also influence other aspects, such as the degree of satisfaction they have in different areas of their lives. This article analyses perceptions of cognitive, emotional and social skills and their relationship with life satisfaction in a sample of adolescents in residential care in different European countries (Spain, Poland and Germany). At the same time, the relationships these adolescents establish within the residential setting, both with other peers and with the youth workers involved in their education, have also been used to assess their satisfaction. The research has collected quantitative data through 2 questionnaires, one for the children (N = 238) and one for their youth workers (N = 217). The results show that, in most aspects, the adolescents’ self-perceptions and evaluations are higher than those attributed to them by their youth workers. Another important finding is that the average scores for satisfaction with aspects of life are low, many of them below 7 points (out of 10). Regression analyses indicate that higher skill ratings are associated with higher well-being. This article highlights the importance of changing the perspective of youth workers to a more positive one that supports, empowers and accompanies adolescents in residential care.