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SITABEL

Active
Limited partnershipfounded 2020active for 5 yearsRue de la Bourgogne(GB) 25, 5024 Namur, BelgiumKBO/BCE: BE 0757.825.762
Summary

The computed 12-month bankruptcy probability of SITABEL is 5.2% (elevated). For SITABEL, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €31,680 and a net result of €16,094. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 83% of 689 sector peers (NACE 53, financial year 2023). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other postal and courier activities
NACE 53200
1 site
Size
€45,671total assets 2023
Equity
€31,680
Profit
€16,094
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
5.2%
2023 figures too old to score
Structure
2024 accounts not filed, 452 days past the deadline3 deeds in the Belgian Official Gazette
Signalsraises riskSize: total assets €45,671Last filed accounts filed 114 days late; 2 of the last 3 lateFigures for financial year 2023 (filed 22-11-2024)Two or more financial years not filed2023 accounts filed 114 days latelowers riskLegal form: limited partnershipShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency 94+26
equity 69.4% of total assets
Liquidity 41+19
short-term debt 30.6% · cash 2.8%
Profitability 100+95
return on assets 35.2%
Bankruptcy probability, 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 2.6% (912 companies, NACE 53, micro)
Last 24 months 11-2024: 4.3% 12-2024: 3.7%▼ -0.6 percentage points vs 11-2024 01-2025: 3.7%● unchanged vs 12-2024 02-2025: 3.6%▼ -0.1 percentage points vs 01-2025 03-2025: 3.7%▲ +0.1 percentage points vs 02-2025 04-2025: 3.7%● unchanged vs 03-2025 05-2025: 3.8%▲ +0.1 percentage points vs 04-2025 06-2025: 3.7%▼ -0.1 percentage points vs 05-2025 07-2025: 3.8%▲ +0.1 percentage points vs 06-2025 08-2025: 3.3%▼ -0.5 percentage points vs 07-2025lowest value 09-2025: 3.4%▲ +0.1 percentage points vs 08-2025 10-2025: 3.8%▲ +0.4 percentage points vs 09-2025 11-2025: 3.7%▼ -0.1 percentage points vs 10-2025 12-2025: 4.2%▲ +0.5 percentage points vs 11-2025 01-2026: 5.7%▲ +1.5 percentage points vs 12-2025 02-2026: 5.7%● unchanged vs 01-2026 03-2026: 5.9%▲ +0.2 percentage points vs 02-2026highest value 04-2026: 5.3%▼ -0.6 percentage points vs 03-2026 05-2026: 5.3%● unchanged vs 04-2026 06-2026: 5.2%▼ -0.1 percentage points vs 05-2026 07-2026: 5.2%● unchanged vs 06-2026 08-2026: 5.2%● unchanged vs 07-2026 09-2026: 5.2%● unchanged vs 08-2026 10-2026: 5.2%● unchanged vs 09-2026
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Signals

Six signals.
lowers riskraises risk
raises risk · Size: total assets €45,671
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Last filed accounts filed 114 days late; 2 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2023 (filed 22-11-2024)
NBB · annual accounts
lowers risk · Legal form: limited partnership
KBO
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline26-10-2026 today
raises risk · 2023 accounts filed 114 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-11-2024, 114 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 3 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
114 days late
2022
31 days late
2021
25 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 57 days after the deadline; the sector median (NACE 53) for financial year 2024 is 13 days after the deadline, and 56% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…
  2. Back to profitnet €16,094
  3. Liquidity more than doubledcurrent ratio 2.74

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 26 October 2026.

Turnover
€66,299▼ 6.1%
2021 · €70,598
EBIT margin
-7.1%▼ 40.0pp
2021 · 32.9%
Net result
€16,094
2022 · -€4,266
Working capital
€24,279▲ 356%
2022 · €5,325
Trend over the years

2021 to 2023, 3 financial years

The operating result returns to profit in 2023: €15,981 after a loss of €4,706 in 2022.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€66,299 2022 Operating result€15,981 2023 Net result€16,094 2023

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 53, Postal and courier activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202120222023
Turnover€70,598-€66,299▼ 6.1%
Operating result€23,257--€4,706€15,981
Net result€18,852above the sector's middle half--€4,266below the sector's middle half€16,094within the sector's middle half
EBIT margin32.9%--7.1%▼ 40.0pp
Equity€19,852within the sector's middle half-€15,586within the sector's middle half▼ 21.5%€31,680within the sector's middle half▲ 103%
Total assets€46,615within the sector's middle half-€35,859below the sector's middle half▼ 23.1%€45,671within the sector's middle half▲ 27.4%
Debt€26,763-€20,273▼ 24.3%€13,991▼ 31.0%
Working capital-€5,441within the sector's middle half-€5,325within the sector's middle half€24,279within the sector's middle half▲ 356%
Solvency42.6%within the sector's middle half-43.5%within the sector's middle half▲ 0.9pp69.4%above the sector's middle half▲ 25.9pp
Current ratio0.80below the sector's middle half-1.26within the sector's middle half▲ 0.472.74above the sector's middle half▲ 1.47
Return on assets (ROA)40.4%above the sector's middle half--11.9%below the sector's middle half▼ 52.3pp35.2%above the sector's middle half▲ 47.1pp
above within below the middle half of NACE 53, Postal and courier activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €45,671
Fixed assets €7,400 ▼ 27.9%
Current assets €38,270 ▲ 49.5%
Equity and liabilities €45,671
Equity €31,680 ▲ 103%
Debt €13,991 ▼ 31.0%
Debt's share of the balance-sheet total falls from 56.5% to 30.6%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
€18,842▲
2022 · -€1,875
Cash flow
€18,955▲
2022 · -€1,435
Debt to equity
0.44▼
2022 · 1.30
ROE
50.8%▲
2022 · -27.4%
Interest coverage
58.99▲
2022 · -5.32
Debt ≤ 1 year
€13,991▼
2022 · €20,273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 41 lines
Balance sheet Code20222023
Assets
Total assets20/58€35,859€45,671▲
Formation expenses20€0-
Fixed assets21/28€10,262€7,400▼
Tangible fixed assets22/27€10,262€7,400▼
Furniture and vehicles24€10,262€7,400▼
Current assets29/58€25,597€38,270▲
Amounts receivable after more than one year29€9,830€7,064▼
Other amounts receivable291€9,830€7,064▼
Amounts receivable within one year40/41€15,406€29,392▲
Trade receivables40€6,002€18,439▲
Other amounts receivable41€9,404€10,953▲
Cash at bank and in hand54/58€213€1,279▲
Deferred charges and accrued income490/1€148€535▲
Equity and liabilities
Total equity and liabilities10/49€35,859€45,671▲
Equity10/15€15,586€31,680▲
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14€14,586€30,680▲
Amounts payable17/49€20,273€13,991▼
Amounts payable within one year42/48€20,273€13,991▼
Trade debts44€8,979€3,195▼
Suppliers440/4€8,979€3,195▼
Taxes, remuneration and social security45€11,294€10,796▼
Taxes450/3€11,294€10,796▼
Remuneration and social security454/9€0-
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0-
Income statement Code20222023
Turnover70€66,299-
Goods, raw materials, services and sundry goods60/61€54,213-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,831€2,861▲
Other operating charges640/8€14,190€0▼
Gross operating margin9900€12,314€18,842▲
Operating profit (loss)9901-€4,706€15,981▲
Financial income75/76B€793€432▼
Recurring financial income75€793€432▼
Financial charges65/66B€353€319▼
Recurring financial charges65€353€319▼
Profit (loss) for the period before taxes9903-€4,266€16,094▲
Profit (loss) for the period9904-€4,266€16,094▲
Profit (loss) for the period to be appropriated9905-€4,266€16,094▲
Appropriation of the result
Profit (loss) to be appropriated9906€14,586€30,680▲
Profit (loss) brought forward from the previous period14P€18,852€14,586▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202120222023Change
Turnover70€70,598€66,299--
Goods, raw materials, services and sundry goods60/61€46,489€54,213--
Remuneration, social security and pensions62€37---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€907€2,831€2,861▲ 1.1%
Other operating charges640/8€135€14,190€0▼ 100.0%
Gross operating margin9900€24,336€12,314€18,842▲ 53.0%
Operating profit (loss)9901€23,257-€4,706€15,981-
Financial income75/76B€413€793€432▼ 45.4%
Recurring financial income75€413€793€432▼ 45.4%
Financial charges65/66B€105€353€319▼ 9.4%
Recurring financial charges65€105€353€319▼ 9.4%
Profit (loss) for the period before taxes9903€23,565-€4,266€16,094-
Income taxes67/77€4,713---
Profit (loss) for the period9904€18,852-€4,266€16,094-
Profit (loss) for the period to be appropriated9905€18,852-€4,266€16,094-
Line202120222023Change
Assets
Total assets20/58€46,615€35,859€45,671▲ 27.4%
Formation expenses20€7,855€0--
Fixed assets21/28€17,438€10,262€7,400▼ 27.9%
Tangible fixed assets22/27€17,438€10,262€7,400▼ 27.9%
Furniture and vehicles24€17,438€10,262€7,400▼ 27.9%
Current assets29/58€21,322€25,597€38,270▲ 49.5%
Amounts receivable after more than one year29-€9,830€7,064▼ 28.1%
Other amounts receivable291-€9,830€7,064▼ 28.1%
Amounts receivable within one year40/41€20,725€15,406€29,392▲ 90.8%
Trade receivables40€7,576€6,002€18,439▲ 207%
Other amounts receivable41€13,149€9,404€10,953▲ 16.5%
Cash at bank and in hand54/58€386€213€1,279▲ 501%
Deferred charges and accrued income490/1€211€148€535▲ 261%
Equity and liabilities
Total equity and liabilities10/49€46,615€35,859€45,671▲ 27.4%
Equity10/15€19,852€15,586€31,680▲ 103%
Contributions10/11€1,000€1,000€1,000=
Profit (loss) carried forward14€18,852€14,586€30,680▲ 110%
Amounts payable17/49€26,763€20,273€13,991▼ 31.0%
Amounts payable within one year42/48€26,763€20,273€13,991▼ 31.0%
Trade debts44€17,902€8,979€3,195▼ 64.4%
Suppliers440/4€17,902€8,979€3,195▼ 64.4%
Taxes, remuneration and social security45€8,861€11,294€10,796▼ 4.4%
Taxes450/3€8,861€11,294€10,796▼ 4.4%
Remuneration and social security454/9€0€0--
Other amounts payable47/48€0€0--
Accrued charges and deferred income492/3-€0--
Line202120222023Change
Profit (loss) for the period9904€18,852-€4,266€16,094-
+ Depreciation and write-downs630€907€2,831€2,861▲ 1.1%
Operating cash flow (approximation)€19,759-€1,435€18,955-
Investment in fixed assets (approximation)-€4,346€0▼ 100%
Change in cash--€173€1,066-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2023 micro format 22-11-2024 2024-00603142
31-12-2022 micro format 31-08-2023 2023-00387205
31-12-2021 micro format 25-08-2022 2022-20322002

Similar companies · same sector, comparable size

Of the 4,961 active companies whose main activity is other postal and courier activities (NACE 53200), figures are known for 1,320. 1,090 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

SITABEL was incorporated on 5 November 2020 as a limited partnership.1 Total assets went from €46,615 in 2021 to €45,671 in 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2021 and 2023

Acts, filings and financial milestones

2024
22-11
NBB filing Annual accounts filed
financial year 2023 · micro format · 114 days late
2023
31-12
Financial Back to profitnet €16,094
Net result €16,094 after one loss-making year.
31-12
Financial Liquidity more than doubledcurrent ratio 2.74
Current ratio from 1.26 to 2.74; short-term debt falls from €20,273 to €13,991.
31-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 31 days late
2022
31-12
Financial Weakest financial yearnet -€4,266
Net result drops to -€4,266, the lowest in the series; recovery starts the following year.
25-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 3 deeds read
About the unread acts

We know of 3 Belgian Official 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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Register details

Identification
Legal formLimited partnership
Founded05-11-2020
Financial year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
73110Advertising agencies
Contact
E-mail aisati_82@hotmail.be
Phone +32479751707
E-invoicing
Reachable via Peppol
Peppol ID 0208:0757825762
Registered 21-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2020
registered office establishment approximate The establishment unit on the map
Ground area
1,365 m²
Building footprint
91 m²
Parcel 92052B0120/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SITABEL
Rue de la Bourgogne(GB) 25, 5024 NamurOther postal and courier activities
since 2020unit no. 2.309.544.759
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
92052B0120/00M000 Wallonia 1,365 m² 1 · 91 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.