SITARA
ActiveSummary
SITARA has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,778 and a net result of €10,018. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 48% of 22,382 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
- Staff
- 4.2 FTE
- Equity
- €140,778
- Profit
- €10,018
Why 65raises riskLatest accounts 24 days late; 2 of the last 3 lateSize: turnover €395,955, total assets €447,454Sector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 1.93, cash €75,893Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 47% on solvency, 69% on liquidity, 46% on profitability and 35% on growth.
The bankruptcy probability was computed on 20-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 44 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Capital & sharesShare transfer · Shareholding ·…
- Annual accounts filedfinancial year 2025 · micro…
- Capital & sharesShare transfer · Shareholding ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00424487.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 60% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €176,354 | €278,366 | €267,736 | €275,071 | €293,337 | €375,021 | €521,563 | €395,955 | ▼ 24.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €202,772 | €200,440 | €257,758 | €382,865 | €280,655 | ▼ 26.7% |
| Remuneration, social security and pensions62 | - | - | - | €94,554 | €63,760 | €75,780 | €96,515 | €103,117 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €159 | €2,531 | €3,847 | €5,539 | €44,510 | €20,194 | €17,255 | €16,068 | ▼ 6.9% |
| Other operating charges640/8 | - | - | - | €862 | €1,221 | €5,234 | €5,986 | €11,403 | ▲ 90.5% |
| Gross operating margin9900 | €103,290 | €42,783 | €122,810 | €72,299 | €122,166 | €128,383 | €157,993 | €145,705 | ▼ 7.8% |
| Operating profit (loss)9901 | €84,216 | €8,254 | €65,684 | -€28,656 | €12,675 | €27,175 | €38,237 | €15,117 | ▼ 60.5% |
| Financial charges65/66B | - | - | - | €820 | €6,449 | €16,402 | €7,797 | €1,760 | ▼ 77.4% |
| Recurring financial charges65 | €343 | €197 | €51 | €820 | €6,449 | €16,402 | €7,797 | €1,760 | ▼ 77.4% |
| Profit (loss) for the period before taxes9903 | €83,873 | €8,057 | €65,633 | -€29,476 | €6,226 | €10,773 | €30,440 | €13,357 | ▼ 56.1% |
| Income taxes67/77 | €5,293 | €2,602 | €20,740 | - | €1,183 | €2,047 | €5,073 | €3,339 | ▼ 34.2% |
| Profit (loss) for the period9904 | €78,580 | €5,455 | €44,893 | -€29,476 | €5,043 | €8,726 | €25,367 | €10,018 | ▼ 60.5% |
| Profit (loss) for the period to be appropriated9905 | €78,580 | €5,455 | €44,893 | -€29,476 | €5,043 | €8,726 | €25,367 | €10,018 | ▼ 60.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €122,202 | €123,196 | €146,613 | €164,984 | €467,694 | €414,686 | €430,700 | €447,454 | ▲ 3.9% |
| Fixed assets21/28 | €5,071 | €13,633 | €16,159 | €14,052 | €282,542 | €272,847 | €257,298 | €243,411 | ▼ 5.4% |
| Tangible fixed assets22/27 | €2,071 | €10,633 | €13,159 | €11,052 | €279,542 | €259,347 | €243,798 | €229,911 | ▼ 5.7% |
| Land and buildings22 | - | - | - | - | €269,299 | €255,299 | €241,299 | €227,299 | ▼ 5.8% |
| Plant, machinery and equipment23 | - | - | - | €3,512 | €5,963 | €2,909 | €1,242 | €1,116 | ▼ 10.1% |
| Furniture and vehicles24 | - | - | - | €7,540 | €4,280 | €1,139 | €1,257 | €1,496 | ▲ 19.0% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | €13,500 | €13,500 | €13,500 | = |
| Current assets29/58 | €117,131 | €109,563 | €130,454 | €150,932 | €185,152 | €141,839 | €173,402 | €204,043 | ▲ 17.7% |
| Stocks and contracts in progress3 | €104,122 | €59,022 | €59,877 | €104,716 | €137,656 | €118,869 | €110,524 | €112,313 | ▲ 1.6% |
| Stocks30/36 | - | - | - | €104,716 | €137,656 | €118,869 | €110,524 | €112,313 | ▲ 1.6% |
| Amounts receivable within one year40/41 | €4,486 | €40,409 | €39,787 | €39,339 | €35,254 | €5,890 | €39,524 | €15,837 | ▼ 59.9% |
| Trade receivables40 | - | - | - | €35,464 | €35,254 | €5,890 | €39,524 | €15,837 | ▼ 59.9% |
| Other amounts receivable41 | - | - | - | €3,875 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €8,523 | €10,132 | €30,790 | €6,877 | €12,242 | €17,080 | €23,354 | €75,893 | ▲ 225% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €122,202 | €123,196 | €146,613 | €164,984 | €467,694 | €414,686 | €430,700 | €447,454 | ▲ 3.9% |
| Equity10/15 | €33,206 | €38,661 | €86,835 | €57,359 | €96,667 | €105,393 | €130,760 | €140,778 | ▲ 7.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €995 | €1,398 | €4,679 | €4,679 | €5,312 | €5,851 | €5,851 | €5,851 | = |
| Non-distributable reserves130/1 | - | - | - | €4,679 | €5,312 | €5,851 | €5,851 | €5,851 | = |
| Legal reserve130 | - | - | - | €4,679 | €5,312 | €5,851 | €5,851 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | - | €5,851 | - |
| Profit (loss) carried forward14 | €13,611 | €18,663 | €63,556 | €34,080 | €72,755 | €80,942 | €106,309 | €116,327 | ▲ 9.4% |
| Amounts payable17/49 | €88,996 | €84,535 | €59,778 | €107,625 | €371,027 | €309,293 | €299,940 | €306,676 | ▲ 2.2% |
| Amounts payable after more than one year17 | - | - | - | - | €234,005 | €224,799 | €215,325 | €200,881 | ▼ 6.7% |
| Financial debts170/4 | - | - | - | - | €234,005 | €224,799 | €215,325 | €200,881 | ▼ 6.7% |
| Amounts payable within one year42/48 | €88,996 | €84,535 | €59,778 | €107,625 | €137,022 | €84,494 | €84,615 | €105,795 | ▲ 25.0% |
| Trade debts44 | €17,979 | €43,603 | €33,868 | €68,475 | €73,732 | €43,986 | €41,462 | €65,018 | ▲ 56.8% |
| Suppliers440/4 | - | - | - | €68,475 | €73,732 | €43,986 | €41,462 | €65,018 | ▲ 56.8% |
| Taxes, remuneration and social security45 | - | - | - | €23,573 | €23,600 | €12,579 | €36,628 | €32,879 | ▼ 10.2% |
| Taxes450/3 | - | - | - | €16,260 | €9,201 | €12,524 | €14,582 | €13,863 | ▼ 4.9% |
| Remuneration and social security454/9 | - | - | - | €7,313 | €14,399 | €55 | €22,046 | €19,016 | ▼ 13.7% |
| Other amounts payable47/48 | - | - | - | €15,577 | €39,690 | €27,929 | €6,525 | €7,898 | ▲ 21.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,580 | €5,455 | €44,893 | -€29,476 | €5,043 | €8,726 | €25,367 | €10,018 | ▼ 60.5% |
| + Depreciation and write-downs630 | €159 | €2,531 | €3,847 | €5,539 | €44,510 | €20,194 | €17,255 | €16,068 | ▼ 6.9% |
| Operating cash flow (approximation) | €78,739 | €7,986 | €48,740 | -€23,937 | €49,553 | €28,920 | €42,622 | €26,086 | ▼ 38.8% |
| Investment in fixed assets (approximation) | - | -€11,093 | -€6,373 | -€3,432 | -€313,000 | -€10,499 | -€1,706 | -€2,181 | ▼ 27.8% |
| Change in cash | - | €1,609 | €20,658 | -€23,913 | €5,365 | €4,838 | €6,274 | €52,539 | ▲ 737% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00424487 |
| 31-12-2024 | micro format | 23-09-2025 | 2025-00505839 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00452136 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00423000 |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20456985 |
| 31-12-2020 | micro format | 26-08-2021 | 2021-56400320 |
| 31-12-2019 | abbreviated format | 19-10-2020 | 2020-62900330 |
| 31-12-2018 | abbreviated format | 20-08-2019 | 2019-48600120 |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-55800423 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- BAIG Hassan 89 shares
- BAIG Mirza Mahfooz 5 shares
- BAIG Mirza Bilal 3 shares
- ZAHEER Ahmed 3 shares
- BAIG Hassan to ZAHEER Ahmed 3 shares
- BAIG Hassan 92 shares
- BAIG Mirza Mahfooz 5 shares
- BAIG Mirza Bilal 3 shares
- BAIG Hassan to BAIG Mirza Bilal 3 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 25-09-2026 Capital stated in the deed · 100 shares
Group and network
Connections & network
No directors read yet: 2 of 8 Gazette acts processed.
History
Acts, filings and financial milestones
25-09
Gazette deed
Capital & sharesShare transfer · Shareholding · Capital5 facts ▸
- General meeting, 15-09-2026
- Share transfer, BAIG Hassan → ZAHEER Ahmed
- Shareholding, 15-09-2026, “sociale aandelen” (deed in Dutch) (4 times)
- Capital
- Other provision, “unanimous, unanimous adoption of decisions” (deed in Dutch)
03-07
Gazette deed
Capital & sharesShare transfer · Shareholding · Director in office6 facts ▸
- General meeting, 22-06-2026
- Share transfer, BAIG Hassan → BAIG Mirza Bilal
- Shareholding, “sociale aandelen”, 92 (deed in Dutch)
- Shareholding, “sociale aandelen”, 5 (deed in Dutch)
- Shareholding, “sociale aandelen”, 3 (deed in Dutch)
- Director in office, BAIG Hassan (director)
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
3 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44032A0110/00N004 | Flanders | 2,928 m² | 1 · 1,673 m² | 19.4 m · 3 |
| 34022G0451/00Z000 | Flanders | 206 m² | 1 · 206 m² | 20.6 m · 5 |
| 34353H0391/00_000 | Flanders | 111 m² | 1 · 113 m² | - |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 03-07-2026
Read from the deeds: 1 provision, deed of 03-07-2026