SIT DOWN
ActiveSummary
The computed 12-month bankruptcy probability of SIT DOWN is 3.5% (moderate). The 2024 annual accounts show negative equity (€-545) and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 2937 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability22▲+22
Solvency24▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.79 in 2023; short-term debt: 80.3% and cash: 14.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-0.8%
Return on assets
-7.9%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-545
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
56 d late
2022
19 d early
2021
12 d late
2020
23 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k▲ 82.0%
2023 · €-32k
2018: €-22k
2019: €-140▲ +99.4% vs 2018
2020: €11k▲ +7742% vs 2019
2021: €30k▲ +177% vs 2020highest in 7 years
2022: €8k▼ -73.5% vs 2021
2023: €-32k▼ -506% vs 2022lowest in 7 years
2024: €-6k▲ +82.0% vs 2023
2018 → 2024
Working capital
€-14k▼ 24.1%
2023 · €-12k
2018: €-25k
2019: €-26k▼ -4.4% vs 2018lowest in 7 years
2020: €-8k▲ +70.2% vs 2019
2021: €20k▲ +366% vs 2020
2022: €21k▲ +1.7% vs 2021highest in 7 years
2023: €-12k▼ -156% vs 2022
2024: €-14k▼ -24.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-384-€29k€37k▲ 26.9%€5k▼ 86.0%€-545
2020: €-384
2021: €29k▲ +7718% vs 2020
2022: €37k▲ +26.9% vs 2021highest in 5 years
2023: €5k▼ -86.0% vs 2022
2024: €-545▼ -110% vs 2023lowest in 5 years
Operating result€-22k-€32k€8k▼ 74.2%€-29k€-879▲ 96.9%
2020: €-22k
2021: €32k▲ +248% vs 2020highest in 5 years
2022: €8k▼ -74.2% vs 2021
2023: €-29k▼ -448% vs 2022lowest in 5 years
2024: €-879▲ +96.9% vs 2023
Net result€11k-€30k▲ 177%€8k▼ 73.5%€-32k€-6k▲ 82.0%
2020: €11k
2021: €30k▲ +177% vs 2020highest in 5 years
2022: €8k▼ -73.5% vs 2021
2023: €-32k▼ -506% vs 2022lowest in 5 years
2024: €-6k▲ +82.0% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €879 in 2024 against €29k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72k
Fixed assets
€29k ▼ 29.1%
Current assets
€44k ▲ 0.2%
Key figures and ratios
EBITDA
€9k▲
2023 · €-14k
Cash flow
€4k▲
2023 · €-17k
Solvency
-0.8%▼
2023 · 6.2%
Current ratio
0.75▼
2023 · 0.79
Quick ratio
0.40▲
2023 · 0.38
ROA
-7.9%▲
2023 · -37.9%
Interest coverage
1.53▲
2023 · -2.85
Debt
€73k▼
2023 · €79k
Debt ≤ 1 year
€58k▲
2023 · €55k
Debt > 1 year
€15k▼
2023 · €24k
Income taxes
€218▲
2023 · €-168
Staff costs
€109k▼
2023 · €112k
Equity ratios withheld: equity of €-545 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€84k€72k▼
Fixed assets21/28€40k€29k▼
Intangible fixed assets21€59-
Tangible fixed assets22/27€35k€29k▼
Furniture and vehicles24€35k€29k▼
Financial fixed assets28€6k-
Current assets29/58€44k€44k▲
Stocks and contracts in progress3€23k€21k▼
Stocks30/36€23k€21k▼
Amounts receivable within one year40/41€7k€3k▼
Trade receivables40€4k€3k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€2k€11k▲
Deferred charges and accrued income490/1€12k€10k▼
Equity and liabilities
Total equity and liabilities10/49€84k€72k▼
Equity10/15€5k€-545▼
Contributions10/11€11k€11k=
Outside capital11€11k€11k=
Other1109/19€11k€11k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-25k€-30k▼
Amounts payable17/49€79k€73k▼
Amounts payable after more than one year17€24k€15k▼
Financial debts170/4€24k€15k▼
Amounts payable within one year42/48€55k€58k▲
Current portion of amounts payable after more than one year42€10k€6k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€16k€13k▼
Suppliers440/4€16k€13k▼
Advances received on contracts in progress46€6k-
Taxes, remuneration and social security45€21k€23k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9€16k€16k▼
Other amounts payable47/48-€15k
Accrued charges and deferred income492/3-€251
Income statement
Code20232024
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€112k€109k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€10k▼
Other operating charges640/8€30k€30k▲
Gross operating margin9900€128k€148k▲
Operating profit (loss)9901€-29k€-879▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Non-recurring financial charges66B-€133
Profit (loss) for the period before taxes9903€-32k€-6k▲
Income taxes67/77€-168€218▲
Profit (loss) for the period9904€-32k€-6k▲
Profit (loss) for the period to be appropriated9905€-32k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-30k▼
Profit (loss) brought forward from the previous period14P€7k€-25k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €30k | - | - | €4k | - |
| Remuneration, social security and pensions62 | - | €50k | €91k | €112k | €109k | ▼ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €19k | €21k | €15k | €10k | ▼ 33.7% |
| Other operating charges640/8 | - | €28k | €34k | €30k | €30k | ▲ 0.2% |
| Gross operating margin9900 | €72k | €128k | €154k | €128k | €148k | ▲ 15.4% |
| Operating profit (loss)9901 | €-22k | €32k | €8k | €-29k | €-879 | ▲ 96.9% |
| Financial income75/76B | - | €1k | €2k | €1k | €1k | ▲ 5.1% |
| Recurring financial income75 | €773 | €1k | €2k | €1k | €1k | ▲ 5.1% |
| Financial charges65/66B | - | €2k | €3k | €5k | €6k | ▲ 28.3% |
| Recurring financial charges65 | €3k | €2k | €3k | €5k | €6k | ▲ 25.5% |
| Non-recurring financial charges66B | - | - | - | - | €133 | - |
| Profit (loss) for the period before taxes9903 | €11k | €31k | €7k | €-32k | €-6k | ▲ 82.8% |
| Income taxes67/77 | €419 | €1k | €-855 | €-168 | €218 | ▲ 230% |
| Profit (loss) for the period9904 | €11k | €30k | €8k | €-32k | €-6k | ▲ 82.0% |
| Profit (loss) for the period to be appropriated9905 | €11k | €30k | €8k | €-32k | €-6k | ▲ 82.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89k | €120k | €94k | €84k | €72k | ▼ 13.9% |
| Fixed assets21/28 | €43k | €35k | €27k | €40k | €29k | ▼ 29.1% |
| Intangible fixed assets21 | €1k | €1k | €289 | €59 | - | - |
| Tangible fixed assets22/27 | €42k | €34k | €19k | €35k | €29k | ▼ 16.8% |
| Furniture and vehicles24 | - | €23k | €13k | €35k | €29k | ▼ 16.8% |
| Leasing and similar rights25 | - | €11k | €6k | - | - | - |
| Financial fixed assets28 | - | - | €8k | €6k | - | - |
| Current assets29/58 | €45k | €85k | €67k | €44k | €44k | ▲ 0.2% |
| Stocks and contracts in progress3 | €15k | €19k | €23k | €23k | €21k | ▼ 8.3% |
| Stocks30/36 | - | €19k | €23k | €23k | €21k | ▼ 8.3% |
| Amounts receivable within one year40/41 | €2k | - | €7k | €7k | €3k | ▼ 59.3% |
| Trade receivables40 | - | - | €5k | €4k | €3k | ▼ 37.3% |
| Other amounts receivable41 | - | - | €2k | €2k | - | - |
| Cash at bank and in hand54/58 | €29k | €66k | €37k | €2k | €11k | ▲ 458% |
| Deferred charges and accrued income490/1 | - | €134 | €135 | €12k | €10k | ▼ 21.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89k | €120k | €94k | €84k | €72k | ▼ 13.9% |
| Equity10/15 | €-384 | €29k | €37k | €5k | €-545 | ▼ 110% |
| Contributions10/11 | - | €11k | €11k | €11k | €11k | = |
| Outside capital11 | - | - | - | €11k | €11k | = |
| Other1109/19 | - | - | - | €11k | €11k | = |
| Reserves13 | - | €11k | €19k | €19k | €19k | = |
| Non-distributable reserves130/1 | - | €1k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €1k | €2k | - | - | - |
| Distributable reserves133 | - | €10k | €17k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-11k | €7k | €7k | €-25k | €-30k | ▼ 23.3% |
| Amounts payable17/49 | €89k | €91k | €57k | €79k | €73k | ▼ 7.6% |
| Amounts payable after more than one year17 | €36k | €26k | €11k | €24k | €15k | ▼ 38.5% |
| Financial debts170/4 | - | €26k | €11k | €24k | €15k | ▼ 38.5% |
| Amounts payable within one year42/48 | €53k | €64k | €47k | €55k | €58k | ▲ 5.2% |
| Current portion of amounts payable after more than one year42 | - | €11k | €11k | €10k | €6k | ▼ 37.3% |
| Financial debts43 | - | €4k | €4k | €2k | - | - |
| Credit institutions430/8 | - | €4k | €4k | €2k | - | - |
| Trade debts44 | €13k | €28k | €8k | €16k | €13k | ▼ 17.6% |
| Suppliers440/4 | - | €28k | €8k | €16k | €13k | ▼ 17.6% |
| Advances received on contracts in progress46 | - | - | €1k | €6k | - | - |
| Taxes, remuneration and social security45 | - | €21k | €22k | €21k | €23k | ▲ 13.4% |
| Taxes450/3 | - | €6k | €7k | €4k | €8k | ▲ 80.3% |
| Remuneration and social security454/9 | - | €15k | €15k | €16k | €16k | ▼ 4.2% |
| Other amounts payable47/48 | - | - | - | - | €15k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €251 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €30k | €8k | €-32k | €-6k | ▲ 82.0% |
| + Depreciation and write-downs630 | €23k | €19k | €21k | €15k | €10k | ▼ 33.7% |
| Operating cash flow (approximation) | €34k | €48k | €28k | €-17k | €4k | ▲ 126% |
| Investment in fixed assets (approximation) | - | €-11k | €-12k | €-29k | €2k | ▲ 106% |
| Change in cash | - | €37k | €-28k | €-35k | €9k | ▲ 124% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 12 days late
2021
31-12
Financial
Highest result since 2018net €30k ▲177%
Operating result €32k, net result €30k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 23 days late
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sankt Vith · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hauptstrasse 364780 Sankt Vith1 establishment unit
Hauptstrasse 36, 4780 Sankt Vith
since 20182.271.187.989
Recognitions · licences · registrations
Food safety, FASFC
1 siteSankt Vith/Saint-Vith2.271.187.989
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 5,151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.