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SITTING BULL

Active
Picardstraat 7 ·1000 Brussel, Belgium
KBO/BCE: BE 0835.812.079
Watch Print / PDF
Age15 yrs
Board1
Staff (FTE)2
Real estate1 parcel · 4.4 ha

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for SITTING BULL (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-216k) and a net result of €-124k.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 17-04-2024, 105 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 17-04-2024 105 d early 2024-00064296
31-12-2022 31-07-2023 06-10-2023 67 d late 2023-00474671
31-12-2021 31-07-2022 12-09-2022 43 d late 2022-20427390
31-12-2020 31-07-2021 26-08-2021 26 d late 2021-56400392
31-12-2019 31-07-2020 17-08-2020 17 d late 2020-41600388
31-12-2018 31-07-2019 19-08-2019 19 d late 2019-47200351
31-12-2017 31-07-2018 22-08-2018 22 d late 2018-48500199
31-12-2016 31-07-2017 30-08-2017 30 d late 2017-58900111
31-12-2015 31-07-2016 26-08-2016 26 d late 2016-50000101
31-12-2014 31-07-2015 28-08-2015 28 d late 2015-51900009

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-124k-124.1%
Working capital€-216k-87.8%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 17-04-2024 with the NBB · fiscal year 2023 · verkort
€-1.00M€-500k€0€500kOperating result 2019: €-179k€-179kNet result 2019: €-356k€-356kOperating result 2020: €-225k€-225kNet result 2020: €-653k€-653kOperating result 2021: €493k€493kNet result 2021: €443k€443kOperating result 2022: €-32k€-32kNet result 2022: €-55k€-55kOperating result 2023: €-59k€-59kNet result 2023: €-124k€-124k20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 73, Advertising & market research · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -160.5% 43.7%
better than 7% of 218 sector peers
Net result €-124k €19k
better than 12% of 217 sector peers
Equity €-216k €105k
better than 6% of 218 sector peers
Gross operating margin €81k €79k
better than 51% of 216 sector peers
Staff costs €128k €172k
higher than 43% of 98 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P7
2020: P15 · n=1032021: P16 · n=1272022: P13 · n=1902023: P7 · n=2182020 2023
Stable position over 2020-2023 · n=103-218
Net result P12
2020: P8 · n=1022021: P93 · n=1272022: P10 · n=1892023: P12 · n=2172020 2023
Stable position over 2020-2023 · n=102-217
Equity P6
2020: P6 · n=1032021: P14 · n=1272022: P10 · n=1902023: P6 · n=2182020 2023
Stable position over 2020-2023 · n=103-218
Gross operating margin P51
2020: P5 · n=1012021: P84 · n=1252022: P45 · n=1882023: P51 · n=2162020 2023
Improving position over 2020-2023 · n=101-216
Describes the position versus peers, not a forecast.
EBITDA
€-58k
-86.6% 18-23
Net profit
€-124k
-124.1% 18-23
Cash flow
€-123k
-125.8% 18-23
Total assets
€135k
-72.5% 18-23
Equity
€-216k
-133.6% 18-23
Working capital
€-216k
-87.8% 18-23
Employees (FTE)
2
-23.1% 18-23
Staff costs
€128k
+71.6% 18-23
Income taxes
€33k
+247.1% 18-23
Debt
€351k
-39.7% 18-23
Debt ≤ 1y
€351k
-39.7% 18-23
Debt > 1y
€26k
-25.7% 18-23
Current ratio
0.38
-52.1% 18-23
Quick ratio
0.38
-52.1% 18-23
Solvency
-160.5%
-749.4% 18-23
Debt / equity
-1.62
+74.2% 18-23
ROE
57.2%
-4.1% 18-23
ROA
-91.8%
-714.9% 18-23
Interest coverage
-1.83
-111.4% 18-23
Figures by fiscal year
Fiscal year2023
Depositverkort
Revenue-
EBITDA€-58k
Net profit€-124k
Cash flow€-123k
Staff costs€128k
Income taxes€33k
Dividends-
Total assets€135k
Equity€-216k
Debt€351k
of which ≤ 1y€351k
of which > 1y-
Working capital€-216k
Employees (FTE)2.0
Ratios (computed)
2023
Current ratio0.38
Quick ratio0.38
Working capital ratio-160.5%
Solvency-160.5%
Debt / equity-1.62
Long-term debt ratio-
Interest coverage-1.83
Gross margin-
Net margin-
ROA-91.8%
ROE57.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€135k
Current assets 29/58€135k
Amounts receivable within one year 40/41€130k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€135k
Equity 10/15€-216k
Contributions / capital 10/11€162k
Accumulated profits (losses) 14€-379k
Amounts payable 17/49€351k
Amounts payable within one year 42/48€351k
Trade debts payable within one year 44€30k
Income statement
Gross operating margin 9900€81k
Operating result 9901€-59k
Financial income 75€391
Financial charges 65€32k
Result before taxes 9903€-90k
Income taxes 67/77€33k
Net result for the period 9904€-124k
Result to be appropriated 9905€-124k
You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
0 / 100 Critical
050100
Computed from 5 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 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
Current directors & mandates
  • Arnold Van Maldegem
    Director
    State Gazette act 23058520 (02-05-2023)
    Current
    30-12-2022 → present
Former directors (1)
  • Sylvie De Winter
    Manager
    State Gazette act 23058520 (02-05-2023)
    Former
    - → 30-12-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Activiteiten van adviesbureaus op het gebied van public relations en communicatie(73300)
Legal form Private limited company (pre-2019)(015)
Incorporation27-04-2011
StatusActive
Postal code1000

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Picardstraat 71000 Brussel

Establishment units

1 location
SITTING BULL
Picardstraat 7, 1000 BrusselHandelsbemiddeling in nieuwe en gebruikte auto's voor personenvervoer, inclusief die voor bijzondere doeleinden (bv ambulances)
since 20112.200.148.456
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4.4 ha
Buildings1
Building footprint3.9 ha
Volume (LiDAR)615,702 m³
Tallest building34.0 m · ±6 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21814P0441/00B000 Brussels 4.4 ha 1 · 3.9 ha 34.0 m · 6 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 3 years ago
2023
02-05-2023 1 director appointed, 1 resigning Director changes
  • Arnold Van Maldegem, Bestuurder
  • Sylvie De Winter, Zaakvoerder

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability100Solvency33Growth58Stability0
38 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 33
Growth 58
Stability 0

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 2,261 of the 13,476 companies in this sector. 613 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300
Primary activity highlighted.
Names & trade names
Legal nameNL SITTING BULL
Registered office
Picardstraat 7 bus 100
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.