SITAC EUROPE
The computed 12-month bankruptcy probability of SITAC EUROPE is 2.7% (moderate). The 2024 annual accounts show negative equity (€-1.28M) and a net result of €-698k. Its solvency ranks better than 5% of 35 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-1.28M |
| Net result | €-698k |
| Staff (FTE) | 12.2 |
| Better than sector | 5% |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -123.7% | 27.7% | |
| Net result | €-698k | €19k | |
| Equity | €-1.28M | €130k | |
| Gross operating margin | €584k | €184k | |
| Total assets | €1.03M | €758k |
Show 14 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-579k |
| Net profit | €-698k |
| Cash flow | €-674k |
| Staff costs | €1.10M |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.03M |
| Equity | €-1.28M |
| Debt | €2.31M |
| of which ≤ 1y | €1.05M |
| of which > 1y | €1.23M |
| Working capital | €-236k |
| Employees (FTE) | 12.2 |
| 2024 | |
|---|---|
| Current ratio | 0.78 |
| Quick ratio | 0.65 |
| Working capital ratio | -22.9% |
| Solvency | -123.7% |
| Debt / equity | -1.81 |
| Long-term debt ratio | -0.97 |
| Interest coverage | -6.08 |
| Gross margin | - |
| Net margin | - |
| ROA | -67.6% |
| ROE | 54.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (26 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.03M |
| Fixed assets | 21/28 | €214k |
| Formation expenses | 20 | €0 |
| Intangible fixed assets | 21 | €154k |
| Tangible fixed assets | 22/27 | €42k |
| Financial fixed assets | 28 | €18k |
| Current assets | 29/58 | €818k |
| Stocks & contracts in progress | 3 | €132k |
| Amounts receivable within one year | 40/41 | €661k |
| Cash & bank | 54/58 | €26k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.03M |
| Equity | 10/15 | €-1.28M |
| Contributions / capital | 10/11 | €500k |
| Reserves | 13 | €693 |
| Accumulated profits (losses) | 14 | €-1.78M |
| Amounts payable | 17/49 | €2.31M |
| Amounts payable after one year | 17 | €1.23M |
| Amounts payable within one year | 42/48 | €1.05M |
| Trade debts payable within one year | 44 | €763k |
| Income statement | ||
| Gross operating margin | 9900 | €584k |
| Operating result | 9901 | €-603k |
| Financial income | 75 | €289 |
| Financial charges | 65 | €95k |
| Result before taxes | 9903 | €-698k |
| Net result for the period | 9904 | €-698k |
| Result to be appropriated | 9905 | €-698k |
-
ADCORLegal entityManaging director· perm. rep.: Adrien CorthoutsState Gazette act 24000545 (02-01-2024)Current07-02-2023 → present
2 events
- 02-01-2024 Appointed· Managing director
- 07-02-2023 Appointed· Director
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| RSM INTERAUDITCurrent Statutory auditor · represented by Laurent Van der Linden |
- | 27-10-2025 → present |
| NACE primary | Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen(31004) |
| Legal form | Public limited company(014) |
| Incorporation | 30-07-2020 |
| Status | Active |
| Postal code | 3500 |
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0542/00S000 | Flanders | 6,293 m² | 1 · 2,292 m² | 8.2 m |
| 71324E0542/00D002 | Flanders | 3,867 m² | 1 · 79 m² | 8.0 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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.
27-10-2025 Registered office moved from Genk to Hasselt
- Melbergstraat 6, 3600 Genk → Ekkelgaarden 6, 3500 Hasselt
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Hasselt",
"region": "Vlaams Gewest",
"street": "Ekkelgaarden",
"country": "BE",
"postcode": "3500",
"box_number": "A",
"street_number": "6"
},
"old_address": {
"city": "Genk",
"region": "Vlaams Gewest",
"street": "Melbergstraat",
"country": "BE",
"postcode": "3600",
"box_number": null,
"street_number": "6"
},
"effective_date": "2025-09-01",
"evidence_quote": "De raad van bestuur beslist met \u00E9\u00E9nparigheid van stemmen dat de maatschappelijke zetel per 1 september 2025 te verplaatsen naar Ekkelgaarden 6 A - B-3500 Hasselt"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0751.645.872",
"name_full": "SITAC EUROPE, AFGEKORT : SITAC",
"legal_form": "NV"
}
}02-01-2024 2 directors appointed, 1 resigning
- Adrien Corthouts, Bestuurder
- Adrien Corthouts, Gedelegeerd bestuurder
- Ascor BV, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ascor BV",
"address": null,
"birth_date": null
},
"effective_date": "2023-02-07",
"evidence_quote": "De Algemene Vergadering aanvaardt unaniem het ontslag als bestuurder van Ascor BV per 7 februari 2023.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Adrien Corthouts",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0798174101",
"name": "Adcor BV",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2023-02-07",
"evidence_quote": "De vergadering belslist met eenparigheid van stemmen te benoemen tot bestuurder vanaf 7 februari 2023 ... Adcor BV, met maatschappelijke zetel te 1000 Brussel, Dageraadstraat 19, met als ondermemingsnummer 0798174101; hier vast vertegenwoordigd door Adrien Corthouts",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Adrien Corthouts",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0798174101",
"name": "Adcor BV",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "De raad van bestuur besluit unaniem om aan te duiden als Gedelegeerd Bestuurder: Adcor BV, met maatschappelijke zetel te 1000 Brussel, Dageraadstraat 19, met als ondememingsnummer 0798174101; hier vast vertegenwoordigd door Adrien Corthouts",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0751.645.872",
"name_full": "SITAC EUROPE, AFGEKORT : SITAC",
"legal_form": "NV"
}
}03-08-2020 Incorporation of a new NV
Technical details
{
"kind": "oprichting",
"seat": "3600 Genk, Melbergstraat 6",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1966-01-05",
"name": "CORTHOUTS Nathalie Danielle Regine Amelie",
"niss": null,
"address": "3500 Hasselt, Langwaterstraat 6"
},
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 250000,
"holder_person_name": "CORTHOUTS Nathalie Danielle Regine Amelie",
"is_subscriber_only": true,
"n_shares_subscribed": 250,
"amount_subscribed_eur": 250000,
"is_anonymous_silent_partner": false
},
{
"org": {
"kbo": "0426.857.606",
"name": "SOMA"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": "0426.857.606",
"holder_org_name": "SOMA",
"contribution_type": "cash",
"amount_paid_in_eur": 250000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 250,
"amount_subscribed_eur": 250000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 500000,
"subject_company": {
"kbo": "0751.645.872",
"name_full": "SITAC EUROPE",
"legal_form": "NV"
},
"initial_directors": [],
"incorporation_date": "2020-07-29",
"post_incorporation_mandates": []
}| Legal nameNL | SITAC EUROPE |
| AbbreviationNL | SITAC |