SITAG
ActiveSummary
The computed 12-month bankruptcy probability of SITAG is 2.5% (moderate). The 2024 annual accounts show negative equity (€-80k) and a net result of €-44k. Equity is shrinking by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 9982 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.56 in 2023; short-term debt: 231.4% and cash: 1.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
-132.6%
Return on assets
-73%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 €-80k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
91 d late
2022
203 d late
2021
32 d late
2020
289 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€-80k▼ 123%
2023 · €-36k
Total assets
€60k▼ 46.4%
2023 · €112k
Net result
€-44k▼ 132%
2023 · €-19k
Working capital
€-95k▼ 46.4%
2023 · €-65k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-22k▲ 47.4%€-4k▲ 83.5%€32k€-18k€-35k▼ 91.7%
Net result€-23k▲ 46.3%€-6k▲ 72.8%€32k€-19k€-44k▼ 132%
Equity€-42k▼ 122%€-48k▼ 15.0%€-17k▲ 65.1%€-36k▼ 112%€-80k▼ 123%
Total assets€18k▼ 54.8%€8k▼ 54.3%€114k▲ 1,277%€112k▼ 1.5%€60k▼ 46.4%
Debt€60k▲ 2.0%€57k▼ 5.9%€131k▲ 131%€148k▲ 13.2%€140k▼ 5.5%
Working capital€-42k▼ 104%€-48k▼ 14.1%€-38k▲ 20.7%€-65k▼ 70.6%€-95k▼ 46.4%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2024 against €18k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€16k ▼ 48.0%
Current assets
€44k ▼ 45.8%
Key figures and ratios
EBITDA
€-18k▼
2023 · €-5k
Cash flow
€-27k▼
2023 · €-6k
Solvency
-132.6%▼
2023 · -31.9%
Current ratio
0.32▼
2023 · 0.56
Debt to equity
-1.75▲
2023 · -4.13
ROA
-73.0%▼
2023 · -16.9%
Interest coverage
-17.49▼
2023 · -11.84
Debt ≤ 1 year
€139k▼
2023 · €146k
Income taxes
€8k▲
2023 · €107
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4k | €14 | €1k | €53k | €199 | ▼ 99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5k | €13k | €17k | ▲ 28.6% |
| Other operating charges640/8 | €702 | €348 | €1k | €2k | €4k | ▲ 132% |
| Non-recurring operating charges66A | €21k | - | - | €11k | €241 | ▼ 97.7% |
| Gross operating margin9900 | €-528 | €-3k | €39k | €7k | €-15k | ▼ 312% |
| Operating profit (loss)9901 | €-22k | €-4k | €32k | €-18k | €-35k | ▼ 91.7% |
| Financial income75/76B | €2 | - | €45 | €13 | - | - |
| Recurring financial income75 | €2 | - | €45 | €13 | - | - |
| Financial charges65/66B | €1k | €3k | €504 | €446 | €1k | ▲ 136% |
| Recurring financial charges65 | €1k | €3k | €504 | €446 | €1k | ▲ 136% |
| Profit (loss) for the period before taxes9903 | €-23k | €-6k | €32k | €-19k | €-36k | ▼ 92.9% |
| Income taxes67/77 | - | - | - | €107 | €8k | ▲ 6,979% |
| Profit (loss) for the period9904 | €-23k | €-6k | €32k | €-19k | €-44k | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €-23k | €-6k | €32k | €-19k | €-44k | ▼ 132% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18k | €8k | €114k | €112k | €60k | ▼ 46.4% |
| Fixed assets21/28 | - | - | €21k | €31k | €16k | ▼ 48.0% |
| Tangible fixed assets22/27 | - | - | €21k | €31k | €16k | ▼ 48.0% |
| Furniture and vehicles24 | - | - | €21k | €31k | €16k | ▼ 48.0% |
| Current assets29/58 | €18k | €8k | €93k | €81k | €44k | ▼ 45.8% |
| Amounts receivable within one year40/41 | €14k | €8k | €90k | €77k | €41k | ▼ 46.3% |
| Trade receivables40 | €13k | €8k | €80k | €75k | €35k | ▼ 53.3% |
| Other amounts receivable41 | €432 | €194 | €10k | €2k | €7k | ▲ 167% |
| Cash at bank and in hand54/58 | €3k | €20 | €2k | €986 | €690 | ▼ 30.0% |
| Deferred charges and accrued income490/1 | €2k | - | €1k | €3k | €2k | ▼ 40.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18k | €8k | €114k | €112k | €60k | ▼ 46.4% |
| Equity10/15 | €-42k | €-48k | €-17k | €-36k | €-80k | ▼ 123% |
| Contributions10/11 | €97k | €97k | €97k | €97k | €97k | = |
| Outside capital11 | €97k | €97k | €97k | €97k | €97k | = |
| Other1109/19 | €97k | €97k | €97k | €97k | €97k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-141k | €-148k | €-116k | €-135k | €-179k | ▼ 32.5% |
| Amounts payable17/49 | €60k | €57k | €131k | €148k | €140k | ▼ 5.5% |
| Amounts payable within one year42/48 | €60k | €56k | €131k | €146k | €139k | ▼ 4.8% |
| Trade debts44 | €4k | €5k | €78k | €89k | €100k | ▲ 12.9% |
| Suppliers440/4 | €4k | €5k | €78k | €89k | €100k | ▲ 12.9% |
| Taxes, remuneration and social security45 | €62 | €2k | €4k | €3k | €7k | ▲ 146% |
| Taxes450/3 | €62 | €2k | €15 | €107 | €4k | ▲ 3,497% |
| Remuneration and social security454/9 | - | - | €4k | €3k | €3k | ▲ 17.9% |
| Other amounts payable47/48 | €56k | €49k | €48k | €54k | €32k | ▼ 41.7% |
| Accrued charges and deferred income492/3 | - | €348 | - | €2k | €764 | ▼ 59.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-23k | €-6k | €32k | €-19k | €-44k | ▼ 132% |
| + Depreciation and write-downs630 | - | - | €5k | €13k | €17k | ▲ 28.6% |
| Operating cash flow (approximation) | €-23k | €-6k | €37k | €-6k | €-27k | ▼ 365% |
| Investment in fixed assets (approximation) | - | - | - | €-23k | €-2k | ▲ 91.3% |
| Change in cash | - | €-3k | €2k | €-675 | €-296 | ▲ 56.1% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 203 days late
2022
31-12
Financial
Back to profitnet €32k
Net result €32k after 3 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
16-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 289 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 1990
Ground area
304 m²
Building footprint
308 m²
Volume, LiDAR
1,771 m³
Parcel 21443C0245/00E002, Brussels · tallest building 16.2 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Renbaanlaan 140, 1050 Elsene
since 19902.046.428.794
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0245/00E002 | Brussels | 304 m² | 1 · 308 m² | 16.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 11,993 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 (pre-2019)
Founded15-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.