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Complete company report
Generated 02-09-2026
Active BE 0471.180.666Public limited company

SITHKA

Akkerstraat 12 ·8400 Oostende, Belgium· 26 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of SITHKA is 0.7% (low). The 2025 annual accounts show equity of €164k and a net result of €642. The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €164k
Net result €642
Active 26 yrs
Board 3
Financial profile 4 of 5 axes measured · computed by Checked
Health41Profitability2Solvency31Growth-Stability85
40 / 100

Fragile profile, watch profitability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 41
Profitability 2
Solvency 31
Growth -
Stability 85
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 2000, 26 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
41 / 100 Weak
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview25 NBB filings
Annual accounts filed on 22-09-2025 with the NBB · fiscal year 2025 · micro
Fiscal year2025
Depositmicro
Revenue-
EBITDA€30k
Net profit€642
Cash flow€22k
Staff costs-
Income taxes-
Dividends-
Total assets€637k
Equity€164k
Debt€407k
of which ≤ 1y€107k
of which > 1y€300k
Working capital€-103k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.04
Quick ratio0.04
Working capital ratio-16.2%
Solvency25.7%
Debt / equity2.49
Long-term debt ratio1.83
Interest coverage2.73
Gross margin-
Net margin-
ROA0.1%
ROE0.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€637k
Fixed assets 21/28€632k
Tangible fixed assets 22/27€632k
Current assets 29/58€4k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€637k
Equity 10/15€164k
Contributions / capital 10/11€62k
Reserves 13€111k
Accumulated profits (losses) 14€-9k
Provisions & deferred taxes 16€65k
Amounts payable 17/49€407k
Amounts payable after one year 17€300k
Amounts payable within one year 42/48€107k
Income statement
Gross operating margin 9900€35k
Operating result 9901€9k
Financial charges 65€11k
Result before taxes 9903€-2k
Net result for the period 9904€642
Result to be appropriated 9905€5k
Ratios computed by Checked.
Directors & mandates 3 directors
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (25140733). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Francisca David
    Managing director
    State Gazette act 25140733 (04-11-2025)
    Current
    23-11-2012 → present
    3 events
    • 04-11-2025 Mandate renewed· Managing director
    • 28-10-2019 Mandate renewed· Managing director
    • 23-11-2012 Mandate renewed· Managing director
  • Karim Elleboudt
    Director
    State Gazette act 25140733 (04-11-2025)
    Current
    23-11-2012 → present
    3 events
    • 04-11-2025 Mandate renewed· Director
    • 28-10-2019 Mandate renewed· Director
    • 23-11-2012 Mandate renewed· Director
  • Thierry Elleboudt
    Managing director
    State Gazette act 25140733 (04-11-2025)
    Current
    23-11-2012 → present
    3 events
    • 04-11-2025 Mandate renewed· Managing director
    • 28-10-2019 Mandate renewed· Managing director
    • 23-11-2012 Mandate renewed· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation22-02-2000
StatusActive
Postal code8400
Establishment units 1 location
Akkerstraat 12, 8400 Oostende
Portefeuillemaatschappijen
since 20022.211.182.997
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35020B0092/00D000 Flanders 1,489 m² 1 · 172 m² 6.9 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
04-11-2025
State Gazette act Director changes
v3.2
22-09-2025
NBB filing Annual accounts filed
fiscal year 2025 · micro
2024
18-09-2024
NBB filing Annual accounts filed
fiscal year 2024 · micro
2023
18-10-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
2022
25-10-2022
NBB filing Annual accounts filed
fiscal year 2022 · micro
2021
20-10-2021
NBB filing Annual accounts filed
fiscal year 2021 · micro
2020
28-09-2020
NBB filing Annual accounts filed
fiscal year 2020 · micro
2019
28-10-2019
State Gazette act Director changes
v3.2
24-09-2019
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
28-09-2018
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
23-09-2017
NBB filing Annual accounts filed
fiscal year 2017 · micro
2016
29-09-2016
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2012
23-11-2012
State Gazette act Director changes
v3.2
Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 3 acts
All acts · 3 updated 10 months ago
2025
04-11-2025 3 reappointed Director changes
  • Francisca David, Gedelegeerd bestuurder
  • Thierry Elleboudt, Gedelegeerd bestuurder
  • Karim Elleboudt, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Francisca David",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Het mandaat als gedelegeerd bestuurder van mevr Francisca David te verlengen"
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Thierry Elleboudt",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Het mandaat als gedelegeerd bestuurder van dhr Thierry Elleboudt te verlengen"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Karim Elleboudt",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Het mandaat als bestuurder van dhr Karim Elleboudt te verlengen"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0471.180.666",
    "name_full": "SITHKA",
    "legal_form": "NV"
  }
}
2019
28-10-2019 3 reappointed Director changes
  • Elleboudt Thierry, Gedelegeerd bestuurder
  • David Francisca, Gedelegeerd bestuurder
  • Elleboudt Karim, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Elleboudt Thierry",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "verlenging van het mandaat als gedelegeerd bestuurder van de heer Elleboudt Thierry"
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "David Francisca",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "verlenging van het mandaat als gedelegeerd bestuurder van mevrouw David Francisca"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Elleboudt Karim",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "verlenging van het mandaat als bestuurder van de heer Elleboudt Karim"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0471.180.666",
    "name_full": "SITHKA",
    "legal_form": "NV"
  }
}
2012
23-11-2012 3 reappointed Director changes
  • Elleboudt Thierry, Gedelegeerd bestuurder
  • David Francisca, Gedelegeerd bestuurder
  • Elleboudt Karim, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Elleboudt Thierry",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "verlenging van het mandaat als gedelegeerd bestuurder van de heer Elleboudt Thierry"
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "David Francisca",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "verlenging van het mandaat als gedelegeerd bestuurder van mevrouw David Francisca"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Elleboudt Karim",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "verlenging van het mandaat als bestuurder van de heer Elleboudt Karim"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0471.180.666",
    "name_full": "SITHKA",
    "legal_form": "NV"
  }
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL SITHKA
Registered office
Akkerstraat 12
8400 Oostende, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative