Equity
-€5,407
Debts exceed assets in financial year 2025.
SITEX
Lifetime
23 annual accounts with figures on one time axis, 34 filings since 1992peak €169,532 (2015)
€133,016▲ €154,507
lowest -€78,909 (2010)
€35,853▲ €63,765
peak €109,887 (2005)
-€5,407▲ €35,853
€1.6m▲ 493%
Board6 names since 2018
2 directorsArne Vandendriessche and 1 other
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from -€21,491 to €133,016Back to profit: €35,853Equity from -€41,260 to -€5,407Debts from €274,260 to €1.6mInvestments €1.4mCash from €44,857 to €139,148
Key points
from the 2025 annual accountsResult
€35,853 €35,853
Back in profit in 2025, after a loss of €27,911 in 2024.
Turnover
≈ €220,000 estimated
The micro format states no turnover.
Debts
€1.6m 100% of the balance sheet
Financial debts 69%Suppliers 1%Taxes and wages 2%Other 28%
Of this, €501,275 falls due within a year.
Investments
€1.4m 18.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 815.5% higher than in 2024.
Position in the sector
-€5,407
Less equity than 92% of companies in head offices and management consultancy. Sector median €78,242 · 39,408 companies.
Checked score
55
Fair
Financially stronger than 40% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.4%▲ +0.2 percentage points vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.1%▼ -0.5 percentage points vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€5,407
lowers risk
Size: total assets €1.6m
Figures for financial year 2025 (filed on 01-05-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 9% of them on solvency, 28% on liquidity, 35% on profitability and 88% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,449 companies had the same profile as SITEX has now. Each dot stands for 4 companies, two years later.
92.2%
were still trading
4.8%
stopped another way
2.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SITEX itself is lower: 0.1% within 12 months. It rests on far more data about SITEX than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,449 companies, not a prediction for SITEX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.34 (0.28 in 2024), below 1. Short-term debt is 30.9% and cash 8.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 39376 sector peers (2025).
NBB · sector comparisonPosition among 39376 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 days early
2023
19 days early
2022
130 days early
2021
9 days late
2020
3 days late
2019
365 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 12 April (4 of the last 5 accounts filed within 58 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies and 2 more · Kortrijk
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443499737
Appointments: Arne Vandendriessche (director) and Valerie Hellebuck (director)
7,500 shares · 2,500 shares · Legal-form conversion: from public limited company to private limited company · General meeting of 25-07-2023 · Gazette deed
2 directors appointed, 3 resignations
Resignations: Marc Dubois, Edouard Steverlynck and Henry Steverlynck · Appointments: Arne Vandendriessche and Valerie Hellebuck · General meeting of 01-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SITEX Kortrijk | €1.6m | €133,016 | -0.3% | - |
| MAMIMO Neupré | €1.4m | €129,133 | 32.0% | - |
| S.G.A.M. Eupen | €1.7m | €123,829 | 79.0% | - |
| SEARCH AND SELECTION BRUSSEL Zaventem | €2.0m | €125,306 | 11.5% | 2.1 |
| MILDIJ Hamont-Achel | €1.3m | €119,647 | 29.3% | 0 |
| EURACLE Auderghem | €1.2m | €139,058 | 85.7% | - |
| LA PAIX INVEST Poperinge | €2.4m | €125,036 | 40.8% | - |
These companies have the same main activity as SITEX: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €1.2m and €2.4m, founded between 1990 and 1994.
Official details
Source: KBO- Status
- Active since 24-03-1991Normal situation
- Activity
- Activities of head officesNACE 70100
- Establishment unit
- 2.052.321.0508500 Kortrijk, since 11-04-1991
- Financial year end
- 30 September
- Peppol
- Reachable since 24-11-2023
Annual accounts to 30-09-2025
- €1.6m▲ 595%
- Employeeson 30-09-2025
- 0
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on SITEX
SITEX files the micro format. That format states no turnover. The gross margin rose from €29,720 in 2003 to €133,016 in 2025.
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SITEX
- What is the company number of SITEX?
- The company number of SITEX is 0443.499.737. The VAT number is the same number with BE in front: BE 0443.499.737.
- Where is SITEX based?
- The registered office is at Sint-Elooisdreef 3, 8500 Kortrijk.Company details
- What does SITEX do?
- According to the KBO register, the main activity is activities of head offices (NACE 70100).
- What is the legal form of SITEX?
- SITEX is a private limited company (BV).
- When was SITEX founded?
- SITEX was founded on 24-03-1991.
- Is SITEX still active?
- Yes, SITEX is an active enterprise in the KBO register.
- How many employees does SITEX have?
- SITEX had an average of 0.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SITEX?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €133,016 and 113 comparable companies (NACE 70). It probably lies between €190,000 and €260,000.
- Is SITEX profitable?
- In financial year 2025, SITEX made a profit of €35,853.
- Where can I find the annual accounts of SITEX?
- SITEX filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SITEX due?
- SITEX must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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