Public limited company · founded 1991 · 35 yrs activeRomboutsstraat 6-8, 1932 Zaventem, BelgiumKBO/BCE: BE 0444.559.314
Summary
SIAT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €181.6m and a net result of €31.4m. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 2413 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Outside the general model
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 70 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
○
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
SIAT was incorporated on 28 June 1991.1Between 2011 and 2012 the capital was increased 4 times, most recently to EUR 31 million.234The registered office was moved to Zaventem in 2013.5The board currently has 23 members; DWG Audit, Gestion et Conseil has served longest, since 2021.6Total assets fell from EUR 386 million in 2018 to EUR 302 million in 2025 and headcount from 20.2 to 8.3 full-time equivalents.7
Reserve release, Omvorming van de onbeschikbare rekening 'Uitgiftepremies' in een beschikbare rekening
16-08
NBB filingAnnual accounts filed
fiscal year 2021 · consolidated
19-05
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
10-05
State Gazette actAppointments: Filip Dierckx, Michel De Wolf and 2 others
Resignation: Dirk Lambrecht (director) · Permanent representative: Dirk Lambrecht · Power of attorney10 facts ▸
Board meeting, 09/02/2022
General meeting, 09/03/2022
Director appointment, Filip Dierckx (chair of the board)
Director appointment, Michel De Wolf (vicevoorzitter van de raad van bestuur)
Director appointment, Dirk Lambrecht (vicevoorzitter van de raad van bestuur)
Power of attorney, Ingrid Vandewiele
Power of attorney, Stéphanie De Smet
Director resignation, Dirk Lambrecht (director)
Director appointment, Advocatenkantoor Dirk Lambrecht BV (director)
Permanent representative, Dirk Lambrecht
2021
06-12
State Gazette actResignations: SRA Advisor Limited, Andrew Alli and Chantèle Carrington
Appointments: Tumika, GINKGO Associates and W. ARNOUTS · Permanent representatives: Samir Abhyankar, Jean Van Gysel and 3 others · Mandate compensation15 facts ▸
General meeting, 22/10/2021
Director resignation, SRA Advisor Limited (director)
Director resignation, Andrew Alli (director)
Director resignation, Chantèle Carrington (director)
Director appointment, Tumika (class A director)
Director appointment, GINKGO Associates (independent director)
Director appointment, W. ARNOUTS (independent director)
Mandate compensation, Tumika
Mandate compensation, GINKGO Associates
Mandate compensation, W. ARNOUTS
Permanent representative, Samir Abhyankar
Permanent representative, Jean Van Gysel
+3 further facts in this act
27-10
State Gazette actResignations: Andrew Alli (director) and Chantèle Carrington (director)
Appointments: GINKGO Associates (director) and W. ARNOUTS (director) · Mandate compensation6 facts ▸
Board meeting, 28/09/2021
Director resignation, Andrew Alli (director)
Director resignation, Chantèle Carrington (director)
Director appointment, GINKGO Associates (director)
Director appointment, W. ARNOUTS (director)
Mandate compensation, SIAT
21-09
State Gazette actAppointment: Paul Cardoen (day-to-day manager)
2 facts ▸
Board meeting, 16/07/2021
Director appointment, Paul Cardoen (day-to-day manager)
21-09
State Gazette actResignation: SRA Advisor Limited (director)
Appointment: Tumika (director) · Permanent representative: Jean Van Gysel · Mandate compensation5 facts ▸
Board meeting, 19/08/2021
Director resignation, SRA Advisor Limited (director)
Director appointment, Tumika (director)
Permanent representative, Jean Van Gysel
Mandate compensation, Tumika
06-09
State Gazette actAppointments: DWG, SRA Advisor Limited and 5 others
Permanent representatives: DE WOLF Michel, ABHYANKAR Samir and VANDEBEECK Marie · Statutes amendment12 facts ▸
General meeting, 27/07/2021
Statutes amendment
Director appointment, DWG (director)
Permanent representative, DE WOLF Michel
Director appointment, SRA Advisor Limited (director)
Permanent representative, ABHYANKAR Samir
Director appointment, LAMBRECHT Dirk (director)
Director appointment, MVDB (director)
Permanent representative, VANDEBEECK Marie
Director appointment, CARRINGTON Chantèle (director)
Director appointment, DOUMBIA Alassane (director)
Director appointment, ALLI Andrew (director)
29-07
State Gazette actResignations: Paul Cardoen (director) and Maria Vandebeeck (director)
State Gazette actAppointments: Thierno Alassane Doumbia, Paul Cardoen and 3 others
8 facts ▸
General meeting, 27/01/2020
Director appointment, Thierno Alassane Doumbia (director)
Director appointment, Paul Cardoen (director)
Director appointment, Helena Vandebeeck (class A director)
Director appointment, Paul Cardoen (class A director)
Director appointment, Marie Vandebeeck (class B director)
Director appointment, Henri Wientjes (class B director)
Director appointment, Thierno Alassane Doumbia (class B director)
2019
31-12
FinancialWeakest financial yearnet -€95.4m
Net result drops to -€95.4m, the lowest in the series; recovery starts the following year.
31-12
FinancialLiquidity triplescurrent ratio 3.32
Current ratio from 1.18 to 3.32; short-term debt falls from €60.1m to €18.1m.
01-10
State Gazette actResignations: Bernard de Gerlache (director) and Pierre Vandebeeck (managing director and director)
4 facts ▸
Board meeting, 29/08/2019
Director resignation, Bernard de Gerlache (director)
Board meeting, 05/09/2019
Director resignation, Pierre Vandebeeck (managing director and director)
31-05
State Gazette actMiscellaneous
Financial assistance2 facts ▸
Board meeting, 14/12/2018
Financial assistance, 2.253.780 EUR, 6.5% annual interest, 1-year term, converting current account position
30-01
State Gazette actMiscellaneous
Shareholder decision1 fact ▸
Shareholder decision, 10/12/2018
2018
24-12
State Gazette actResignations & appointments
Shareholder decision1 fact ▸
Shareholder decision, 10/09/2018
27-07
State Gazette actStatutes amendment
Approval2 facts ▸
General meeting, 30/04/2018
Approval, goedkeuring van de bepaling van de SBI lening van 08 december 2017 (Artikel 18.1 (g))
25-06
State Gazette actReappointment: Pierre Vandebeeck (director)
2 facts ▸
General meeting, 30 april 2018
Director reappointment, Pierre Vandebeeck (director)
2017
29-11
State Gazette actResignations: GMG Global Ltd, Pascal Demierre and Robert Meyer
Capital · Statutes amendment · Power of attorney9 facts ▸
General meeting, 09/11/2017
Capital, €31.000.000
Statutes amendment
Director resignation, GMG Global Ltd (director)
Director resignation, Pascal Demierre (director)
Director resignation, Robert Meyer (director)
Power of attorney, Jean Van den Bossche
Power of attorney, Andrasi Ghyselen
Shareholders agreement termination, 31/10/2017
31-10
State Gazette actPermanent representative: Gunther Robert Meyer
2 facts ▸
General meeting, 30/05/2017
Permanent representative, Gunther Robert Meyer
07-08
State Gazette actResignations: Li Xuetao, Ma Deyou and Gu Linmin
Reappointments: Helena Vandebeeck, Marie Vandebeeck and 2 others · Appointments: Gunther Robert Meyer, Pascal Guy Chung Wei Demierre and 2 others12 facts ▸
General meeting, 30/05/2017
Director resignation, Li Xuetao (director)
Director resignation, Ma Deyou (director)
Director resignation, Gu Linmin (director)
Director reappointment, Helena Vandebeeck (director)
Director reappointment, Marie Vandebeeck (director)
Director reappointment, Bernard de Gerlache de Gomery (director)
Director reappointment, Henri Wientjes (director)
Director appointment, Gunther Robert Meyer (director)
Director appointment, Pascal Guy Chung Wei Demierre (director)
State Gazette actResignations: Hernicus Johannes Maria Wientjes, Bernard de Gerlache de Gomery and 2 others
Reappointments: Pierre Vandebeeck, Hernicus Johannes Maria Wientjes and Bernard de Gerlache de Gomery · Appointments: Helena Vandebeeck, Marie William Vandebeeck and 3 others · Statutes amendment18 facts ▸
General meeting, 17/07/2012
Statutes amendment
Capital increase, €284.897,82
Bank account, 731-0248638-02, KBC Bank
Capital increase, €6.715.102,18
Capital, €31.000.000
Director resignation, Hernicus Johannes Maria Wientjes (director)
Director resignation, Bernard de Gerlache de Gomery (director)
Director resignation, Gert Vandersmissen (director)
Director resignation, Pierre Vandebeeck (director)
Director reappointment, Pierre Vandebeeck (class A director)
Director appointment, Helena Vandebeeck (class A director)
+6 further facts in this act
13-03
State Gazette actResignations & appointments
Director appointment2 facts ▸
Board meeting, 24/01/2012
Director appointment, managing director
21-02
State Gazette actAppointment: Deloitte Réviseurs d'Entreprises (statutory auditor)
Capital increase · Capital · Statutes amendment7 facts ▸
General meeting, 22/12/2011
Capital increase, €1.500.000
Capital, €24.000.000
Statutes amendment
Statutes amendment
Approval, Ratification de l'apport en nature et des conditions y relatives, par décision de l'assemblée générale du 12 août 2011
State Gazette actCapital & shares · Statutes amendment
Capital increase · Capital · Auditor report7 facts ▸
General meeting, 12/08/2011
Capital increase, €2.500.000
Capital, €22.500.000
Statutes amendment
Auditor report, commissaire, 10/08/2011
Share payment conditions, 25% paid up at issuance; remaining balance to be paid within 5 years via a current account claim held against the company; issue premium fully paid.
Premium allocation, Total issue premium (11,498,600 EUR) allocated to an unavailable 'primes d'émission' account, serving as a guarantee for third parties equivalent to share capit…
06-09
State Gazette actMiscellaneous
Share acquisition · Capital increase · Security grant5 facts ▸
Board meeting, 12/08/2011
Share acquisition, 4.800 actions à 13.125 EUR par action
Capital increase, €13.998.600
Security grant, gage sur les polices d'assurance ONDD, réserve indisponible de 31.906.621 EUR
General meeting, assemblée générale spéciale le ou aux alentours du 12 août 2011
24-08
State Gazette actResignations: Duncan Randail (director) and Peter Mombaur (director)
State Gazette actReappointment: Pierre Vandebeeck (afgevaardigd bestuurder)
3 facts ▸
Board meeting, 02/06/2008
Director reappointment, Pierre Vandebeeck (afgevaardigd bestuurder)
Director reappointment, Pierre Vandebeeck (chair of the board)
2007
30-08
State Gazette actAssemblee Generale
Approval2 facts ▸
Shareholder resolution, 05/08/2007
Approval, toutes les dispositions des Documents Transactionnels relatives aux obligations contractuelles, qui prévoient une aggravation des engagements ou obligations en…
2004
20-12
State Gazette actReappointment: Pierre Vandebeeck (director)
5 facts ▸
General meeting, 24/11/2004
Board meeting, 24/11/2004
Director reappointment, Pierre Vandebeeck (director)
Director reappointment, Pierre Vandebeeck (chair)
Director reappointment, Pierre Vandebeeck (managing director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
40 of 41 acts read
About the unread acts
Of the 41 Belgian State Gazette acts we know for this company, 40 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
22 directors, 2 in day-to-day management, last change in 2025
Permanent representative · since 27-07-2021 · for DWG
Current
MV
VANDEBEECK Marie
Permanent representative · since 27-07-2021 · for MVDB
Current
GJ
Jean Van Gysel
Permanent representative · since 22-10-2021 · for TUMIKA
Current
AW
Wim Arnouts
Permanent representative · since 22-10-2021 · for W. ARNOUTS
Current
LD
Dirk Lambrecht
Permanent representative · since 15-05-2023 · for DIRK LAMBRECHT
Current
DF
Filip Dierckx
Permanent representative · since 04-03-2024 · for GINKGO Associates
Current
Statutory auditor 1
DB
DELOITTE Bedrijfsrevisoren BV
Statutory auditor · since 01-08-2008
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 41 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Registered office, Zaventem · 1 establishment unit since 1991
The establishment unit on the mapLoading the map
seatestablishmentThe establishment unit on the map
Ground area
4,888 m²
Building footprint
1,054 m²
Volume, LiDAR
12,232 m³
Parcel 23078A0295/00F000, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Romboutsstraat 6-8, 1932 Zaventem
NACE 1541101
since 19912.053.630.748
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
23078A0295/00F000
Flanders
4,888 m²
1 · 1,054 m²
15.8 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Het planten en kweken van onder andere rubberbomen, palmbomen en andere tropische planten, alsook veeteelt in ontwikkelingslanden; en in het algemeen alle commerciële, financiële…
Full purpose
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Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of SIAT and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
15 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 1,246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.