SITNIKOVA
ActiveSITNIKOVA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-12k) and a net result of €-67k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-95
Solvency17▼-47
Growth55▼-30
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 1.73 in 2024; short-term debt: 85.2% and cash: 18.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-7.6%
Return on assets
-43%
Age of the figures
12 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-12k
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 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
on the day
2022
2 d early
2021
32 d early
2020
3 d late
2019
30 d early
← before the deadline
after the deadline →
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
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€291k▲ 147%
2023 · €118k
2022: €109k
2023: €118k
2022 → 2024
EBIT margin
17.0%▲ 10.9pp
2023 · 6.1%
2022: 13.6%
2023: 6.1%
2022 → 2024
Net result
€-67k
2024 · €29k
2018: €-11k
2019: €21k
2020: €-10k
2021: €-6k
2022: €12k
2023: €-2k
2024: €29k
2018 → 2025
Working capital
€-37k
2024 · €32k
2018: €14k
2019: €36k
2020: €10k
2021: €2k
2022: €15k
2023: €14k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€109k€118k▲ 7.7%€291k▲ 147%
Equity€24k-€37k▲ 51.7%€35k▼ 4.6%€55k▲ 57.8%€-12k
Operating result€2k-€15k▲ 707%€7k▼ 52.2%€49k▲ 592%€-67k
Net result€-6k-€12k€-2k€29k€-67k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €67k after €49k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€61k▼ 6.7%
Current assets
€96k▲ 25.3%
Key figures and ratios
EBITDA
€-62k▼
2024 · €55k
Cash flow
€-63k▼
2024 · €34k
Solvency
-7.6%▼
2024 · 39.1%
Current ratio
0.72▼
2024 · 1.73
Quick ratio
0.72▼
2024 · 1.73
Debt / equity
-14.13▼
2024 · 1.56
ROA
-43.0%▼
2024 · 20.7%
Interest coverage
-83.59▼
2024 · 60.43
Debt
€168k▲
2024 · €86k
Debt ≤ 1 year
€133k▲
2024 · €44k
Debt > 1 year
€35k▼
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€141k€156k▲
Fixed assets21/28€65k€61k▼
Tangible fixed assets22/27€65k€61k▼
Plant, machinery and equipment23€902€649▼
Other tangible fixed assets26€64k€60k▼
Current assets29/58€76k€96k▲
Amounts receivable within one year40/41€16k€67k▲
Trade receivables40€8k€40k▲
Other amounts receivable41€8k€27k▲
Cash at bank and in hand54/58€61k€28k▼
Equity and liabilities
Total equity and liabilities10/49€141k€156k▲
Equity10/15€55k€-12k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€22k€22k=
Non-distributable reserves130/1€20k€20k=
Reserves not available under the articles1311€20k€20k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€27k€-40k▼
Amounts payable17/49€86k€168k▲
Amounts payable after more than one year17€42k€35k▼
Financial debts170/4€42k€35k▼
Amounts payable within one year42/48€44k€133k▲
Current portion of amounts payable after more than one year42€7k€16k▲
Trade debts44€17k€111k▲
Suppliers440/4€17k€111k▲
Taxes, remuneration and social security45€20k€4k▼
Taxes450/3€20k€4k▼
Other amounts payable47/48€900€900=
Income statement
Code20242025
Turnover70€291k-
Goods, raw materials, services and sundry goods60/61€235k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€417
Gross operating margin9900€56k€-61k▼
Operating profit (loss)9901€49k€-67k▼
Financial income75/76B€721€470▼
Recurring financial income75€721€434▼
Non-recurring financial income76B-€35
Financial charges65/66B€903€826▼
Recurring financial charges65€903€746▼
Non-recurring financial charges66B-€80
Profit (loss) for the period before taxes9903€49k€-67k▼
Income taxes67/77€20k-
Profit (loss) for the period9904€29k€-67k▼
Profit (loss) for the period to be appropriated9905€29k€-67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€-40k▼
Profit (loss) brought forward from the previous period14P€26k€27k▲
Transfer to equity691/2€20k-
To other reserves6921€20k-
Profit to be distributed694/7€8k-
Return on contributions (dividend)694€8k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet €-67k ▼329%
Net result drops to €-67k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 3 days late
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 3.39
Current ratio from 1.45 to 3.39; short-term debt falls from €32k to €15k.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 147 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 344 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 2481050 ElseneGround area
563 m²
Building footprint
486 m²
Volume, LiDAR
13,992 m³
Parcel 21807G0123/00L004, Brussels · tallest building 45.5 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
Sitnikova
since 20052.149.057.863
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0123/00L004 | Brussels | 563 m² | 1 · 486 m² | 45.5 m · 14 fl. |
Linked by address, not proof of ownership
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.
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colorSpace
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CINEDECOR
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Of 3,398 companies in sector 90393 we hold annual accounts for 940. 748 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2005
Fiscal year end30-09
Activities, NACEBEL
90393Specialised image, lighting and sound technical services
92313
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.