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.
Credit check for your own amount and term
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)
Financials · fiscal year 2024, micro schema
Equity
€-80k▼ 123%
2023 · €-36k
2018: €24khighest in 7 years
2019: €-19k▼ -179% vs 2018
2020: €-42k▼ -122% vs 2019
2021: €-48k▼ -15.0% vs 2020
2022: €-17k▲ +65.1% vs 2021
2023: €-36k▼ -112% vs 2022
2024: €-80k▼ -123% vs 2023lowest in 7 years
2018 → 2024
Total assets
€60k▼ 46.4%
2023 · €112k
2018: €91k
2019: €40k▼ -55.9% vs 2018
2020: €18k▼ -54.8% vs 2019
2021: €8k▼ -54.3% vs 2020lowest in 7 years
2022: €114k▲ +1277% vs 2021highest in 7 years
2023: €112k▼ -1.5% vs 2022
2024: €60k▼ -46.4% vs 2023
2018 → 2024
Net result
€-44k▼ 132%
2023 · €-19k
2018: €83khighest in 7 years
2019: €-43k▼ -152% vs 2018
2020: €-23k▲ +46.3% vs 2019
2021: €-6k▲ +72.8% vs 2020
2022: €32k▲ +600% vs 2021
2023: €-19k▼ -160% vs 2022
2024: €-44k▼ -132% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-95k▼ 46.4%
2023 · €-65k
2018: €23khighest in 7 years
2019: €-21k▼ -190% vs 2018
2020: €-42k▼ -104% vs 2019
2021: €-48k▼ -14.1% vs 2020
2022: €-38k▲ +20.7% vs 2021
2023: €-65k▼ -70.6% vs 2022
2024: €-95k▼ -46.4% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-42k-€-48k▼ 15.0%€-17k▲ 65.1%€-36k▼ 112%€-80k▼ 123%
2020: €-42k
2021: €-48k▼ -15.0% vs 2020
2022: €-17k▲ +65.1% vs 2021highest in 5 years
2023: €-36k▼ -112% vs 2022
2024: €-80k▼ -123% vs 2023lowest in 5 years
Operating result€-22k-€-4k▲ 83.5%€32k€-18k€-35k▼ 91.7%
2020: €-22k
2021: €-4k▲ +83.5% vs 2020
2022: €32k▲ +981% vs 2021highest in 5 years
2023: €-18k▼ -158% vs 2022
2024: €-35k▼ -91.7% vs 2023lowest in 5 years
Net result€-23k-€-6k▲ 72.8%€32k€-19k€-44k▼ 132%
2020: €-23k
2021: €-6k▲ +72.8% vs 2020
2022: €32k▲ +600% vs 2021highest in 5 years
2023: €-19k▼ -160% vs 2022
2024: €-44k▼ -132% vs 2023lowest in 5 years
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
€140k▼
2023 · €148k
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.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€112k€60k▼
Fixed assets21/28€31k€16k▼
Tangible fixed assets22/27€31k€16k▼
Furniture and vehicles24€31k€16k▼
Current assets29/58€81k€44k▼
Amounts receivable within one year40/41€77k€41k▼
Trade receivables40€75k€35k▼
Other amounts receivable41€2k€7k▲
Cash at bank and in hand54/58€986€690▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€112k€60k▼
Equity10/15€-36k€-80k▼
Contributions10/11€97k€97k=
Outside capital11€97k€97k=
Other1109/19€97k€97k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-135k€-179k▼
Amounts payable17/49€148k€140k▼
Amounts payable within one year42/48€146k€139k▼
Trade debts44€89k€100k▲
Suppliers440/4€89k€100k▲
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3€107€4k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€54k€32k▼
Accrued charges and deferred income492/3€2k€764▼
Income statement
Code20232024
Non-recurring operating income76A€53k€199▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€17k▲
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A€11k€241▼
Gross operating margin9900€7k€-15k▼
Operating profit (loss)9901€-18k€-35k▼
Financial income75/76B€13-
Recurring financial income75€13-
Financial charges65/66B€446€1k▲
Recurring financial charges65€446€1k▲
Profit (loss) for the period before taxes9903€-19k€-36k▼
Income taxes67/77€107€8k▲
Profit (loss) for the period9904€-19k€-44k▼
Profit (loss) for the period to be appropriated9905€-19k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-135k€-179k▼
Profit (loss) brought forward from the previous period14P€-116k€-135k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,998 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.