Active BE 0863.694.532Coöperatieve vennootschap met beperkte aansprakelijkheid met een sociaal oogmerkOpen bankruptcy

SITELUX

Parc Industriel 1 ·6870 Saint-Hubert, Belgium· 22 yrs active

Sector: Terugwinning van materialen uit afval (38210)

Conclusion Checked

A bankruptcy procedure is open for SITELUX according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €201k and a net result of €-36k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€201k
Net result	€-36k
Staff (FTE)	21.4
Better than sector	82%

Financial profile 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 10

Profitability 0

Solvency 99

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

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.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

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.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

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 2022 · computed

10 / 100 Critical

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 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2022 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 38 · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	62.2%	36.1%	better than 82% of 37 sector peers
Net result	€-36k	€25k	better than 30% of 36 sector peers
Equity	€201k	€3.30M	better than 22% of 37 sector peers
Staff costs	€614k	€3.14M	higher than 20% of 33 sector peers
Employees (FTE)	21.4	47.4	better than 23% of 32 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-12k

+22.8% 18-22

Net profit

€-36k

+27.2% 18-22

Cash flow

€-9k

+51.0% 18-22

Total assets

€324k

-20.7% 18-22

Equity

€201k

-18.0% 18-22

Working capital

€180k

-9.3% 18-22

Employees (FTE)

21

-15.4% 18-22

Staff costs

€614k

-11.3% 18-22

Show 11 other metrics

Income taxes

€-19k

- 18-22

Debt

€123k

-24.7% 18-22

Debt ≤ 1y

€122k

-24.6% 18-22

Debt > 1y

€6k

-73.5% 18-22

Current ratio

2.47

+11.1% 18-22

Quick ratio

1.96

+9.4% 18-22

Solvency

62.2%

+3.3% 18-22

Debt / equity

0.61

-8.1% 18-22

ROE

-17.6%

+11.2% 18-22

ROA

-11.0%

+8.2% 18-22

Interest coverage

-3.96

- 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	volledig
Revenue	-
EBITDA	€-12k
Net profit	€-36k
Cash flow	€-9k
Staff costs	€614k
Income taxes	-
Dividends	-
Total assets	€324k
Equity	€201k
Debt	€123k
of which ≤ 1y	€122k
of which > 1y	-
Working capital	€180k
Employees (FTE)	21.4

Ratios (computed)

	2022
Current ratio	2.47
Quick ratio	1.96
Working capital ratio	55.4%
Solvency	62.2%
Debt / equity	0.61
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-11.0%
ROE	-17.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €22k · 6.8% Current assets €302k · 93.2%

Equity & liabilities

Equity €201k · 62.2% Debt €123k · 37.8%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€324k
Fixed assets	21/28	€22k
Tangible fixed assets	22/27	€22k
Financial fixed assets	28	€160
Current assets	29/58	€302k
Stocks & contracts in progress	3	€62k
Amounts receivable within one year	40/41	€177k
Investments	50/53	€0
Cash & bank	54/58	€44k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€324k
Equity	10/15	€201k
Contributions / capital	10/11	€482k
Reserves	13	€91k
Accumulated profits (losses)	14	€-371k
Amounts payable	17/49	€123k
Amounts payable within one year	42/48	€122k
Trade debts payable within one year	44	€43k
Income statement
Gross operating margin	9900	€606k
Operating result	9901	€-38k
Financial income	75	€2k
Result before taxes	9903	€-36k
Net result for the period	9904	€-36k
Result to be appropriated	9905	€-36k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FREDERIC HUART AVENUE DE LA TOISON D’OR 27, 6900 MARCHE-EN-FAMENNE	02-02-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Terugwinning van materialen uit afval(38210)
Legal form	Coöperatieve vennootschap met beperkte aansprakelijkheid met een sociaal oogmerk(508)
Incorporation	26-02-2004
Status	Active
Postal code	6870
First BS signal	26-02-2024
Latest BS signal	26-02-2024

Establishment units 1 location

SITELUX

Parc Industriel 1, 6870 Saint-HubertVervaardiging van ovens en permanente verwarmingstoestellen voor huishoudelijk gebruik

since 20042.137.328.583

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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
84059A1840/00S000	Wallonia	1.3 ha	1 · 2,167 m²	9.7 m · 2 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.

Updates 11 events

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

2024

26-02-2024

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Neufchâteau · SITELUX SCRL FS PARC INDUSTRIEL 1, 6870 SAINT-HUBERT · event 02-02-2024

2023

31-08-2023