SITAC EUROPE
ActiveSummary
The computed 12-month bankruptcy probability of SITAC EUROPE is 5.1% (elevated). The 2025 annual accounts show negative equity (-€553,208) and a net result of €723,823, of which €1.5m non-recurring income. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 6% of 151 sector peers (NACE 31, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 30-07-2020 Normal situation
- Registered office
- 20 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004and 1 other
- Joint committee
- 126 Paritair Comité voor de stoffering en de houtbewerking · annual accounts 2025
- Establishment unit
- 2.310.925.228 3500 Hasselt, since 30-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
- ADCORManaging director · permanent representative Adrien Corthouts
- Corthouts NathalieDirector
- Corthouts PhilippeDirector
- Auditor
- RSM INTERAUDIT
- SOMA75%· score 9430-06-2025 annual accounts of SOMA
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.1%
- Gross margin
- €431,067
- ▼ 26.2%
- Turnover
- ≈ €1.0m
- estimated
- Profit
- €723,823
- Equity
- -€553,208
- ▲ 56.7%
- Total assets
- €930,110
- ▼ 9.9%
- Employees on 31-12-2025
- 12
- ▼ 7.7%
- Negative equity on 31-12-2025
Score breakdownraises riskNegative equity -€553,208Liquidity: current ratio 0.52, cash €2,390, halved1 of the last 3 accounts late1 change of registered office in 24 monthsShow the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, small). It does better than 3% of them on solvency, 1% on liquidity, 39% on profitability and 95% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 5 accounts on average 7 days before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Registered office moved from Genk to HasseltAppointment: RSM INTERAUDIT (statutory auditor) · Permanent representative: Laurent Van der Linden
- · Gazette deed Resignation: Ascor BV (director)Appointment: Adcor BV (director) · Permanent representative: Adrien Corthouts
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as SITAC EUROPE: manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004). They are comparable in size and age: total assets between €544,000 and €1.2m, founded between 2016 and 2022.
| Company | Total assets | Gross margin |
|---|---|---|
| SITAC EUROPE Hasselt | €0.9m | €0.4m |
| DERVAUX EBENISTERIE Tournai | €1.0m | €0.6m |
| VANZURPELE TEAM Wavre | €0.5m | €0.4m |
| SCULTURE Gent | €1.2m | €0.7m |
| Varato Zedelgem | €0.6m | €0.5m |
| We Sell Our Furniture Bierbeek | €1.1m | €0.9m |
| INTERNOLUX Deinze | €0.9m | €0.4m |
Key facts about SITAC EUROPE
- What is the company number of SITAC EUROPE?
- The company number of SITAC EUROPE is 0751.645.872. The VAT number is the same number with BE in front: BE 0751.645.872.
- Where is SITAC EUROPE based?
- The registered office is at Ekkelgaarden 6 A, 3500 Hasselt.Company details
- What does SITAC EUROPE do?
- According to the KBO register, the main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004).
- What is the legal form of SITAC EUROPE?
- The legal form of SITAC EUROPE is Public limited company (NV).
- When was SITAC EUROPE founded?
- SITAC EUROPE was founded on 30-07-2020.
- Is SITAC EUROPE still active?
- Yes, SITAC EUROPE is an active enterprise in the KBO register.
- How many employees does SITAC EUROPE have?
- SITAC EUROPE had an average of 11.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SITAC EUROPE fall under?
- In its 2025 annual accounts, SITAC EUROPE states joint committee 126 (Paritair Comité voor de stoffering en de houtbewerking).
- What is the turnover of SITAC EUROPE?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €431,067 and 2,285 comparable companies of the same size. It probably lies between €610,000 and €1.7m. It is a rough estimate. In financial year 2021 turnover was €13.5m.
- Is SITAC EUROPE profitable?
- In financial year 2025, SITAC EUROPE made a profit of €723,823.
- Where can I find the annual accounts of SITAC EUROPE?
- SITAC EUROPE filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SITAC EUROPE due?
- SITAC EUROPE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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