Parent and group
- SOMA75%
SITAC EUROPE
ActiveFrom the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
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
KBO- Status
- Active since 30-07-2020 Normal situation
- Legal form
- Public limited company
- Registered office
- Ekkelgaarden 6 A, 3500 Hasselt
- Activity
- Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004and 1 other
- 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
Board
- ADCORManaging director · permanent representative Adrien Corthouts
- Corthouts NathalieDirector
- Corthouts PhilippeDirector
- Auditor
- RSM INTERAUDIT
Shareholders
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.1%
Annual accounts 2025
- Gross margin
- €431,067
- ▼ 26.2%
- Turnover
- ≈ €1.0m
- estimated
- Profit
- €723,823
- Equity
- -€553,208
- ▲ 56.7%
- Total assets
- €930,110
- ▼ 9.9%
- Staff
- 11.6 FTE
- ▼ 4.9%
2025 accounts filed 28 days before the deadline
Filed on 03-07-2026at the National Bank
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
Score 2025
37
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 34% of small companies in furniture (NACE 31)
Financial strength · tick: 2024
Weak
Solvency
0=
equity -59.5% of total assets
Liquidity
0-3
short-term debt 157.3% · cash 0.3%
Profitability
50+50
return on assets 77.8%
Bankruptcy probability within 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.1%
12-2024: 5.1%● unchanged vs 11-2024
01-2025: 5.3%▲ +0.2 percentage points vs 12-2024
02-2025: 5.3%● unchanged vs 01-2025
03-2025: 5.1%▼ -0.2 percentage points vs 02-2025
04-2025: 5.1%● unchanged vs 03-2025
05-2025: 5.2%▲ +0.1 percentage points vs 04-2025
06-2025: 5.1%▼ -0.1 percentage points vs 05-2025
07-2025: 5.3%▲ +0.2 percentage points vs 06-2025
08-2025: 6.3%▲ +1.0 percentage point vs 07-2025
09-2025: 6.7%▲ +0.4 percentage points vs 08-2025
10-2025: 5.2%▼ -1.5 percentage points vs 09-2025
11-2025: 6.9%▲ +1.7 percentage points vs 10-2025
12-2025: 6.9%● unchanged vs 11-2025
01-2026: 6.9%● unchanged vs 12-2025
02-2026: 7.0%▲ +0.1 percentage points vs 01-2026
03-2026: 6.7%▼ -0.3 percentage points vs 02-2026
04-2026: 7.1%▲ +0.4 percentage points vs 03-2026
05-2026: 7.5%▲ +0.4 percentage points vs 04-2026
06-2026: 7.6%▲ +0.1 percentage points vs 05-2026
07-2026: 7.8%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 5.1%▼ -2.7 percentage points vs 07-2026
09-2026: 5.3%▲ +0.2 percentage points vs 08-2026
10-2026: 5.1%▼ -0.2 percentage points vs 09-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.52 (0.78 in 2024), below 1. Short-term debt is 157.3% and cash 0.3% of total assets. Equity is negative.
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 31-10-2026 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
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 151 sector peers (2025).
NBB · sector comparisonPosition among 151 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
28 days early
2024
39 days late
2023
13 days early
2022
on the day
2021
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 03-07-2026
- Annual accounts 2024filed on 08-09-2025
- Annual accounts 2023filed on 18-07-2024
- Annual accounts 2022filed on 31-07-2023
Acts in the Belgian Official Gazette
- Registered office · Resignations & appointmentsact of 27-10-2025
- Resignations & appointmentsact of 02-01-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
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
- 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.Annual accounts at the National Bank
- 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
Companies linked to SITAC EUROPE
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 |
Next steps
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