SITATUNGA
ActiveSummary
SITATUNGA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €166,641 and a net result of €40,320. Equity is growing by ~41.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+1
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 9.27 against 3.83 in 2023; short-term debt: 10.8% and cash: 83.7% of total assets), and 10.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
26 d early
2022
26 d early
2021
11 d early
2020
22 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€166,641▲ 11.0%
2023 · €150,154
Total assets
€186,750▼ 8.0%
2023 · €202,887
Net result
€40,320▼ 4.0%
2023 · €42,021
Working capital
€166,214▲ 11.3%
2023 · €149,352
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€23,769▲ 144%€34,940▲ 47.0%€46,786▲ 33.9%€58,596▲ 25.2%€56,567▼ 3.5%
Net result€16,876▲ 146%€24,748▲ 46.6%€33,358▲ 34.8%€42,021▲ 26.0%€40,320▼ 4.0%
Equity€50,027▲ 50.9%€74,775▲ 49.5%€108,133▲ 44.6%€150,154▲ 38.9%€166,641▲ 11.0%
Total assets€120,766▲ 32.5%€153,636▲ 27.2%€185,528▲ 20.8%€202,887▲ 9.4%€186,750▼ 8.0%
Debt€70,739▲ 22.0%€78,861▲ 11.5%€77,395▼ 1.9%€52,733▼ 31.9%€20,110▼ 61.9%
Working capital€48,637▲ 49.7%€73,765▲ 51.7%€107,723▲ 46.0%€149,352▲ 38.6%€166,214▲ 11.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €186,750
Fixed assets
€427 ▼ 46.8%
Current assets
€186,324 ▼ 7.8%
Equity and liabilities €186,750
Equity
€166,641 ▲ 11.0%
Debt
€20,110 ▼ 61.9%
Debt's share of the balance-sheet total falls from 26.0% to 10.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,942▼
2023 · €59,029
Cash flow
€40,696▼
2023 · €42,454
Current ratio
9.27▲
2023 · 3.83
Debt to equity
0.12▼
2023 · 0.35
ROE
24.2%▼
2023 · 28.0%
ROA
21.6%▲
2023 · 20.7%
Interest coverage
219.33▲
2023 · 206.45
Debt ≤ 1 year
€20,110▼
2023 · €52,733
Income taxes
€15,987▼
2023 · €16,289
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,672 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €625 | €835 | €600 | €433 | €375 | ▼ 13.4% |
| Other operating charges640/8 | - | €625 | €732 | €711 | €1,333 | ▲ 87.5% |
| Gross operating margin9900 | €24,946 | €36,399 | €48,118 | €59,740 | €58,276 | ▼ 2.5% |
| Operating profit (loss)9901 | €23,769 | €34,940 | €46,786 | €58,596 | €56,567 | ▼ 3.5% |
| Financial charges65/66B | - | €276 | €308 | €286 | €260 | ▼ 9.2% |
| Recurring financial charges65 | €282 | €276 | €308 | €286 | €260 | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | €23,487 | €34,664 | €46,479 | €58,310 | €56,307 | ▼ 3.4% |
| Income taxes67/77 | €6,611 | €9,916 | €13,121 | €16,289 | €15,987 | ▼ 1.9% |
| Profit (loss) for the period9904 | €16,876 | €24,748 | €33,358 | €42,021 | €40,320 | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €16,876 | €24,748 | €33,358 | €42,021 | €40,320 | ▼ 4.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,766 | €153,636 | €185,528 | €202,887 | €186,750 | ▼ 8.0% |
| Fixed assets21/28 | €1,390 | €1,010 | €410 | €802 | €427 | ▼ 46.8% |
| Tangible fixed assets22/27 | €1,390 | €1,010 | €410 | €802 | €427 | ▼ 46.8% |
| Plant, machinery and equipment23 | - | €1,010 | €410 | €802 | €427 | ▼ 46.8% |
| Current assets29/58 | €119,375 | €152,626 | €185,118 | €202,085 | €186,324 | ▼ 7.8% |
| Amounts receivable within one year40/41 | €19,206 | €11,344 | €35,207 | €12,312 | €26,257 | ▲ 113% |
| Trade receivables40 | - | €11,344 | €33,578 | €12,312 | €24,745 | ▲ 101% |
| Other amounts receivable41 | - | - | €1,629 | €0 | €1,513 | - |
| Cash at bank and in hand54/58 | €89,533 | €137,421 | €147,362 | €186,010 | €156,225 | ▼ 16.0% |
| Deferred charges and accrued income490/1 | - | €3,861 | €2,550 | €3,763 | €3,841 | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,766 | €153,636 | €185,528 | €202,887 | €186,750 | ▼ 8.0% |
| Equity10/15 | €50,027 | €74,775 | €108,133 | €150,154 | €166,641 | ▲ 11.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €43,827 | €68,575 | €101,933 | €143,954 | €160,441 | ▲ 11.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €66,715 | €100,073 | €143,954 | €160,441 | ▲ 11.5% |
| Profit (loss) carried forward14 | -€4,995 | - | - | - | €0 | - |
| Amounts payable17/49 | €70,739 | €78,861 | €77,395 | €52,733 | €20,110 | ▼ 61.9% |
| Amounts payable within one year42/48 | €70,739 | €78,861 | €77,395 | €52,733 | €20,110 | ▼ 61.9% |
| Trade debts44 | - | - | €2,622 | €0 | - | - |
| Suppliers440/4 | - | - | €2,622 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €13,240 | €6,725 | €8,402 | €6,211 | ▼ 26.1% |
| Taxes450/3 | - | €13,240 | €6,725 | €8,402 | €6,211 | ▼ 26.1% |
| Other amounts payable47/48 | - | €65,621 | €68,048 | €44,331 | €13,899 | ▼ 68.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,876 | €24,748 | €33,358 | €42,021 | €40,320 | ▼ 4.0% |
| + Depreciation and write-downs630 | €625 | €835 | €600 | €433 | €375 | ▼ 13.4% |
| Operating cash flow (approximation) | €17,502 | €25,583 | €33,958 | €42,454 | €40,696 | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | -€454 | €0 | -€826 | €0 | ▲ 100% |
| Change in cash | - | €47,888 | €9,941 | €38,648 | -€29,785 | ▼ 177% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 9.27
Current ratio from 3.83 to 9.27; short-term debt falls from €52,733 to €20,110.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €42,021 ▲26%
Operating result €58,596, net result €42,021, both a record.
31-12
Financial
Equity above €150,000Eq €150,154 ▲38.9%
6 profitable years in a row build equity to €150,154.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €108,133 ▲44.6%
5 profitable years in a row build equity to €108,133.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €6,853 ▼27.7%
Net result drops to €6,853, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Leuven · 1 establishment unit since 2013
Ground area
628 m²
Building footprint
70 m²
Volume, LiDAR
505 m³
Parcel 24051A0496/00H003, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sitatunga
since 20132.216.906.492
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24051A0496/00H003 | Flanders | 628 m² | 1 · 70 m² | 9.9 m · 3 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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ATRAMA
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VAN DEN BOGAERDE FRANKIE
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 6,797 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
Founded24-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502899963
Also
9925:BE0502899963
Registered
06-10-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.