SITEX
ActiveSummary
SITEX has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,407) and a net result of €35,853. Equity is shrinking by ~46.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+68
Solvency25▲+18
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.28 in 2024; short-term debt: 30.9% and cash: 8.6% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 31840 sector peers (2025).
NBB · sector comparisonPosition among 31840 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
76 d early
2023
19 d early
2022
130 d early
2021
9 d late
2020
3 d late
2019
365 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€5,407▲ 86.9%
2024 · -€41,260
Total assets
€1.6m▲ 595%
2024 · €233,000
Net result
€35,853
2024 · -€27,911
Working capital
-€331,832▼ 70.8%
2024 · -€194,322
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
Line20212022202320242025
Operating result-€12,061▼ 753%-€9,429▲ 21.8%-€11,312▼ 20.0%-€26,716▼ 136%€50,785
Net result-€12,262▼ 690%-€9,902▲ 19.2%-€11,487▼ 16.0%-€27,911▼ 143%€35,853
Equity€8,041▼ 60.4%-€1,862-€13,349▼ 617%-€41,260▼ 209%-€5,407▲ 86.9%
Total assets€156,483▼ 1.9%€154,776▼ 1.1%€237,519▲ 53.5%€233,000▼ 1.9%€1.6m▲ 595%
Debt€148,443▲ 6.6%€156,638▲ 5.5%€250,867▲ 60.2%€274,260▲ 9.3%€1.6m▲ 493%
Working capital-€138,736▼ 4.4%-€149,783▼ 8.0%-€161,270▼ 7.7%-€194,322▼ 20.5%-€331,832▼ 70.8%
Staff (FTE)0.1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €50,785 after a loss of €26,716 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.5m ▲ 816%
Current assets
€169,444 ▲ 127%
Key figures and ratios
EBITDA
€125,512▲
2024 · -€24,723
Cash flow
€110,580▲
2024 · -€25,918
Solvency
-0.3%▲
2024 · -17.7%
Current ratio
0.34▲
2024 · 0.28
ROA
2.2%▲
2024 · -12.0%
Interest coverage
8.41▲
2024 · -20.65
Debt ≤ 1 year
€501,275▲
2024 · €269,030
Debt > 1 year
€1.1m
Staff costs
€2,679
A ratio outside any meaningful range has been withheld (balance sheet total €1.6m, equity -€5,407).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €2,679 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,993 | €74,727 | ▲ 3,649% |
| Other operating charges640/8 | €4,270 | €2,524 | €3,084 | €3,232 | €4,826 | ▲ 49.3% |
| Gross operating margin9900 | -€7,791 | -€6,905 | -€8,228 | -€21,491 | €133,016 | ▲ 719% |
| Operating profit (loss)9901 | -€12,061 | -€9,429 | -€11,312 | -€26,716 | €50,785 | ▲ 290% |
| Financial income75/76B | - | - | - | €2 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €2 | €0 | ▼ 100% |
| Financial charges65/66B | €201 | €473 | €175 | €1,197 | €14,932 | ▲ 1,147% |
| Recurring financial charges65 | €201 | €473 | €175 | €1,197 | €14,932 | ▲ 1,147% |
| Profit (loss) for the period before taxes9903 | -€12,262 | -€9,902 | -€11,487 | -€27,911 | €35,853 | ▲ 228% |
| Profit (loss) for the period9904 | -€12,262 | -€9,902 | -€11,487 | -€27,911 | €35,853 | ▲ 228% |
| Profit (loss) for the period to be appropriated9905 | -€12,262 | -€9,902 | -€11,487 | -€27,911 | €35,853 | ▲ 228% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,483 | €154,776 | €237,519 | €233,000 | €1.6m | ▲ 595% |
| Fixed assets21/28 | €153,152 | €153,152 | €153,152 | €158,292 | €1.5m | ▲ 816% |
| Tangible fixed assets22/27 | €153,152 | €153,152 | €153,152 | €158,292 | €1.5m | ▲ 816% |
| Land and buildings22 | €153,152 | €153,152 | €153,152 | €158,292 | €1.4m | ▲ 815% |
| Furniture and vehicles24 | - | - | - | - | €1,128 | - |
| Current assets29/58 | €3,332 | €1,625 | €84,367 | €74,709 | €169,444 | ▲ 127% |
| Amounts receivable within one year40/41 | - | €80 | €1,853 | €29,852 | €30,047 | ▲ 0.7% |
| Trade receivables40 | - | - | - | €18 | €23,910 | ▲ 136,296% |
| Other amounts receivable41 | - | €80 | €1,853 | €29,834 | €6,137 | ▼ 79.4% |
| Cash at bank and in hand54/58 | €3,332 | €1,544 | €82,403 | €44,857 | €139,148 | ▲ 210% |
| Deferred charges and accrued income490/1 | - | - | €111 | €0 | €249 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,483 | €154,776 | €237,519 | €233,000 | €1.6m | ▲ 595% |
| Equity10/15 | €8,041 | -€1,862 | -€13,349 | -€41,260 | -€5,407 | ▲ 86.9% |
| Contributions10/11 | €619,734 | €619,734 | €619,734 | €619,734 | €619,734 | = |
| Capital10 | €619,734 | €619,734 | - | - | - | - |
| Issued capital100 | €619,734 | €619,734 | - | - | - | - |
| Profit (loss) carried forward14 | -€611,693 | -€621,596 | -€633,083 | -€660,994 | -€625,141 | ▲ 5.4% |
| Amounts payable17/49 | €148,443 | €156,638 | €250,867 | €274,260 | €1.6m | ▲ 493% |
| Amounts payable after more than one year17 | - | - | - | - | €1.1m | - |
| Financial debts170/4 | - | - | - | - | €1.1m | - |
| Amounts payable within one year42/48 | €142,068 | €151,408 | €245,637 | €269,030 | €501,275 | ▲ 86.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €55,181 | - |
| Trade debts44 | €6,623 | €643 | €84,002 | €13,523 | €16,286 | ▲ 20.4% |
| Suppliers440/4 | €6,623 | €643 | €84,002 | €13,523 | €16,286 | ▲ 20.4% |
| Taxes, remuneration and social security45 | - | - | €8,354 | €5,966 | €31,613 | ▲ 430% |
| Taxes450/3 | - | - | €8,354 | €5,966 | €31,613 | ▲ 430% |
| Other amounts payable47/48 | €135,445 | €150,765 | €153,282 | €249,542 | €398,196 | ▲ 59.6% |
| Accrued charges and deferred income492/3 | €6,375 | €5,230 | €5,230 | €5,230 | €5,230 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,262 | -€9,902 | -€11,487 | -€27,911 | €35,853 | ▲ 228% |
| + Depreciation and write-downs630 | - | - | - | €1,993 | €74,727 | ▲ 3,649% |
| Operating cash flow (approximation) | -€12,262 | -€9,902 | -€11,487 | -€25,918 | €110,580 | ▲ 527% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,133 | -€1.4m | ▼ 19,059% |
| Change in cash | - | -€1,787 | €80,858 | -€37,546 | €94,291 | ▲ 351% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €35,853
Net result €35,853 after 7 loss-making years.
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
17-01
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2024
30-09
Financial
Weakest financial yearnet -€27,911
Net result drops to -€27,911, the lowest in the series; recovery starts the following year.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 365 days late
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Kortrijk · 1 establishment unit since 1991
Ground area
3,196 m²
Building footprint
79 m²
Parcel 34352A0264/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
SITEX
since 19912.052.321.050
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352A0264/00L000 | Flanders | 3,196 m² | 1 · 79 m² | - |
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.
Structure & network
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
5 locations
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,502. 1,057 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
Founded24-03-1991
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.