SITIPAC
ActiveSummary
SITIPAC has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,607 and a net result of €1,948. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-33
Solvency50▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.48 in 2024; short-term debt: 74.9% and cash: 39.9% of total assets), and 75.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.5%
Return on assets
0.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
92 d early
2024
27 d late
2023
29 d late
2022
31 d late
2021
61 d late
2020
90 d late
2019
122 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 38 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,948▼ 95.1%
2024 · €39,813
Working capital
€35,347▼ 60.0%
2024 · €88,429
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,176▼ 37.3%-€39,702€16,936€55,611▲ 228%€724▼ 98.7%
Net result€36,770within the sector's middle half▼ 37.9%-€30,741below the sector's middle half€16,817within the sector's middle half€39,813within the sector's middle half▲ 137%€1,948within the sector's middle half▼ 95.1%
Equity€117,366within the sector's middle half▲ 45.6%€86,625within the sector's middle half▼ 26.2%€103,442within the sector's middle half▲ 19.4%€143,255within the sector's middle half▲ 38.5%€89,607below the sector's middle half▼ 37.4%
Total assets€362,026below the sector's middle half▲ 39.6%€300,238below the sector's middle half▼ 17.1%€374,825below the sector's middle half▲ 24.8%€333,744below the sector's middle half▼ 11.0%€365,481below the sector's middle half▲ 9.5%
Debt€244,660▲ 36.9%€213,613▼ 12.7%€271,383▲ 27.0%€190,489▼ 29.8%€275,874▲ 44.8%
Working capital€82,387within the sector's middle half▲ 27.2%€42,540within the sector's middle half▼ 48.4%€55,948within the sector's middle half▲ 31.5%€88,429within the sector's middle half▲ 58.1%€35,347within the sector's middle half▼ 60.0%
Solvency32.4%within the sector's middle half▲ 1.3pp28.9%within the sector's middle half▼ 3.6pp27.6%within the sector's middle half▼ 1.3pp42.9%within the sector's middle half▲ 15.3pp24.5%within the sector's middle half▼ 18.4pp
Current ratio1.37within the sector's middle half▼ 0.041.24within the sector's middle half▼ 0.131.22within the sector's middle half▼ 0.011.48within the sector's middle half▲ 0.251.13within the sector's middle half▼ 0.35
Return on assets (ROA)10.2%within the sector's middle half▼ 12.7pp-10.2%below the sector's middle half▼ 20.4pp4.5%within the sector's middle half▲ 14.7pp11.9%above the sector's middle half▲ 7.4pp0.5%within the sector's middle half▼ 11.4pp
Staff (FTE)1.2below the sector's middle half▲ 20.0%1below the sector's middle half▼ 16.7%0.1below the sector's middle half▼ 90.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 99% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €365,481
Fixed assets
€56,235 ▼ 7.3%
Current assets
€309,246 ▲ 13.3%
Equity and liabilities €365,481
Equity
€89,607 ▼ 37.4%
Debt
€275,874 ▲ 44.8%
Debt's share of the balance-sheet total rises from 57.1% to 75.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11,295▼
2024 · €66,968
Cash flow
€12,519▼
2024 · €51,170
Quick ratio
0.76▼
2024 · 1.06
Debt to equity
3.08▲
2024 · 1.33
ROE
2.2%▼
2024 · 27.8%
Interest coverage
3.76▼
2024 · 19.80
Debt ≤ 1 year
€273,899▲
2024 · €184,622
Debt > 1 year
€1,975▼
2024 · €5,867
Income taxes
€889▼
2024 · €17,507
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 3,273 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,425 | - | - | - | - |
| Remuneration, social security and pensions62 | €60,493 | €100,963 | €24,439 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,569 | €12,269 | €11,737 | €11,357 | €10,571 | ▼ 6.9% |
| Other operating charges640/8 | €951 | €1,398 | €1,050 | €5,080 | €13,094 | ▲ 158% |
| Non-recurring operating charges66A | - | €38,543 | - | - | - | - |
| Gross operating margin9900 | €116,189 | €113,470 | €54,163 | €72,048 | €24,389 | ▼ 66.1% |
| Operating profit (loss)9901 | €47,176 | -€39,702 | €16,936 | €55,611 | €724 | ▼ 98.7% |
| Financial income75/76B | €7,945 | €10,017 | €9,334 | €5,091 | €5,120 | ▲ 0.6% |
| Recurring financial income75 | €7,945 | €10,017 | €9,334 | €5,091 | €5,120 | ▲ 0.6% |
| Financial charges65/66B | €1,673 | €2,988 | €3,850 | €3,382 | €3,006 | ▼ 11.1% |
| Recurring financial charges65 | €1,673 | €2,988 | €3,850 | €3,382 | €3,006 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €53,447 | -€32,673 | €22,420 | €57,320 | €2,837 | ▼ 95.1% |
| Income taxes67/77 | €16,678 | -€1,932 | €5,603 | €17,507 | €889 | ▼ 94.9% |
| Profit (loss) for the period9904 | €36,770 | -€30,741 | €16,817 | €39,813 | €1,948 | ▼ 95.1% |
| Profit (loss) for the period to be appropriated9905 | €36,770 | -€30,741 | €16,817 | €39,813 | €1,948 | ▼ 95.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €362,026 | €300,238 | €374,825 | €333,744 | €365,481 | ▲ 9.5% |
| Fixed assets21/28 | €54,979 | €77,509 | €69,177 | €60,692 | €56,235 | ▼ 7.3% |
| Tangible fixed assets22/27 | €54,616 | €77,146 | €68,814 | €60,329 | €55,872 | ▼ 7.4% |
| Land and buildings22 | €31,743 | €33,674 | €31,076 | €28,478 | €25,880 | ▼ 9.1% |
| Plant, machinery and equipment23 | €3,779 | €11,850 | €9,948 | €8,150 | €10,555 | ▲ 29.5% |
| Furniture and vehicles24 | €5,234 | €18,928 | €14,133 | €10,059 | €7,620 | ▼ 24.2% |
| Other tangible fixed assets26 | €13,860 | €12,694 | €13,657 | €13,643 | €11,817 | ▼ 13.4% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €307,047 | €222,729 | €305,648 | €273,051 | €309,246 | ▲ 13.3% |
| Stocks and contracts in progress3 | €99,737 | €96,477 | €91,256 | €76,984 | €102,011 | ▲ 32.5% |
| Stocks30/36 | €99,737 | €96,477 | €91,256 | €76,984 | €102,011 | ▲ 32.5% |
| Amounts receivable within one year40/41 | €148,946 | €63,925 | €102,429 | €104,587 | €60,622 | ▼ 42.0% |
| Trade receivables40 | €138,615 | €45,330 | €80,767 | €100,166 | €43,384 | ▼ 56.7% |
| Other amounts receivable41 | €10,331 | €18,595 | €21,661 | €4,421 | €17,238 | ▲ 290% |
| Cash at bank and in hand54/58 | €58,365 | €61,495 | €111,876 | €91,389 | €145,719 | ▲ 59.4% |
| Deferred charges and accrued income490/1 | - | €832 | €88 | €91 | €893 | ▲ 883% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €362,026 | €300,238 | €374,825 | €333,744 | €365,481 | ▲ 9.5% |
| Equity10/15 | €117,366 | €86,625 | €103,442 | €143,255 | €89,607 | ▼ 37.4% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €92,366 | €92,366 | €92,366 | €118,255 | €62,659 | ▼ 47.0% |
| Distributable reserves133 | €92,366 | €92,366 | €92,366 | €118,255 | €62,659 | ▼ 47.0% |
| Profit (loss) carried forward14 | - | -€30,741 | -€13,924 | - | €1,948 | - |
| Amounts payable17/49 | €244,660 | €213,613 | €271,383 | €190,489 | €275,874 | ▲ 44.8% |
| Amounts payable after more than one year17 | €20,000 | €33,424 | €9,683 | €5,867 | €1,975 | ▼ 66.3% |
| Financial debts170/4 | - | €13,424 | €9,683 | €5,867 | €1,975 | ▼ 66.3% |
| Other amounts payable178/9 | €20,000 | €20,000 | - | - | - | - |
| Amounts payable within one year42/48 | €224,660 | €180,189 | €249,700 | €184,622 | €273,899 | ▲ 48.4% |
| Current portion of amounts payable after more than one year42 | - | €3,668 | €3,741 | €3,816 | €3,892 | ▲ 2.0% |
| Trade debts44 | €141,067 | €83,142 | €143,132 | €150,616 | €184,669 | ▲ 22.6% |
| Suppliers440/4 | €141,067 | €83,142 | €143,132 | €150,616 | €184,669 | ▲ 22.6% |
| Taxes, remuneration and social security45 | €11,390 | €28,971 | €7,580 | €16,905 | €16,312 | ▼ 3.5% |
| Taxes450/3 | €5,478 | €12,086 | €7,580 | €16,905 | €16,312 | ▼ 3.5% |
| Remuneration and social security454/9 | €5,912 | €16,884 | - | - | - | - |
| Other amounts payable47/48 | €72,203 | €64,408 | €95,248 | €13,285 | €69,026 | ▲ 420% |
| Accrued charges and deferred income492/3 | - | - | €12,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,770 | -€30,741 | €16,817 | €39,813 | €1,948 | ▼ 95.1% |
| + Depreciation and write-downs630 | €7,569 | €12,269 | €11,737 | €11,357 | €10,571 | ▼ 6.9% |
| Operating cash flow (approximation) | €44,339 | -€18,472 | €28,554 | €51,170 | €12,519 | ▼ 75.5% |
| Investment in fixed assets (approximation) | - | -€34,799 | -€3,405 | -€2,873 | -€6,113 | ▼ 113% |
| Change in cash | - | €3,131 | €50,380 | -€20,486 | €54,330 | ▲ 365% |
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 · full schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Back to profitnet €16,817
Net result €16,817 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €103,442 ▲19.4%
Equity rises from €86,625 to €103,442.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€30,741
Net result drops to -€30,741, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Equity above €100,000Eq €117,366 ▲45.6%
3 profitable years in a row build equity to €117,366.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €59,191 ▲289%
Operating result €75,245, net result €59,191, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Back to profitnet €15,211
Net result €15,211 after one loss-making year.
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 111 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Saint-Ghislain · 1 establishment unit since 2017
Ground area
4,534 m²
Building footprint
761 m²
Volume, LiDAR
3,890 m³
2 parcels, Wallonia · tallest building 5.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Au Lit
since 20172.266.777.954
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53405C0155/00B000indicative | Wallonia | 3,438 m² | 1 · 761 m² | 5.7 m · 2 fl. |
| 53009A0435/00P003 | Wallonia | 1,095 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,723. 1,306 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
Founded30-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
47820Retail sale of motor vehicle parts and accessories
47559Retail sale of other household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676428708
Registered
19-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.