SITH SERVICES
Open bankruptcyA bankruptcy procedure is open for SITH SERVICES according to publications in the Belgian State Gazette; curator: STEVEN BOEYNAEMS.
Summary
The 2025 annual accounts show equity of €162k and a net result of €-23k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
357 d late
2023
26 d early
2022
5 d early
2021
29 d late
2020
88 d late
2019
28 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€50k▲ 19.0%
2020 · €42k
2018: €68k
2019: €59k
2020: €42k
2018 → 2021
EBIT margin
88.9%▼ 3.0pp
2020 · 91.9%
2018: 81.9%
2019: 96.1%
2020: 91.9%
2018 → 2021
Net result
€-23k
2024 · €21k
2018: €37k
2019: €42k
2020: €29k
2021: €34k
2022: €50k
2023: €92k
2024: €21k
2018 → 2025
Working capital
€169k▼ 10.9%
2024 · €190k
2018: €12k
2019: €14k
2020: €43k
2021: €23k
2022: €72k
2023: €164k
2024: €190k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€50k-
Equity€23k-€72k▲ 219%€164k▲ 127%€185k▲ 12.8%€162k▼ 12.6%
Operating result€44k-€70k▲ 58.0%€131k▲ 87.2%€31k▼ 76.2%€-21k
Net result€34k-€50k▲ 44.6%€92k▲ 85.6%€21k▼ 77.2%€-23k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €31k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €196k
Equity
€162k ▼ 12.6%
Debt
€34k ▼ 30.6%
Debt's share of the balance-sheet total falls from 21.0% to 17.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
7.23▲
2024 · 5.24
Debt to equity
0.21▼
2024 · 0.27
ROE
-14.4%▼
2024 · 11.3%
ROA
-11.9%▼
2024 · 8.9%
Debt ≤ 1 year
€27k▼
2024 · €45k
Income taxes
€0▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€234k€196k▼
Current assets29/58€234k€196k▼
Amounts receivable after more than one year29€144k€144k=
Other amounts receivable291€144k€144k=
Amounts receivable within one year40/41€91k€52k▼
Other amounts receivable41€91k€52k▼
Equity and liabilities
Total equity and liabilities10/49€234k€196k▼
Equity10/15€185k€162k▼
Contributions10/11€6k€6k=
Reserves13€163k€163k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€161k€161k=
Profit (loss) carried forward14€16k€-8k▼
Amounts payable17/49€49k€34k▼
Amounts payable within one year42/48€45k€27k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€39k€5k▼
Taxes450/3€39k€5k▼
Other amounts payable47/48€4k€21k▲
Accrued charges and deferred income492/3€5k€7k▲
Income statement
Code20242025
Other operating charges640/8€300€5k▲
Gross operating margin9900€31k€-16k▼
Operating profit (loss)9901€31k€-21k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€676€2k▲
Recurring financial charges65€676€2k▲
Profit (loss) for the period before taxes9903€30k€-23k▼
Income taxes67/77€10k€0▼
Profit (loss) for the period9904€21k€-23k▼
Profit (loss) for the period to be appropriated9905€21k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€-8k▼
Profit (loss) brought forward from the previous period14P€15k€16k▲
Transfer to equity691/2€20k€0▼
To other reserves6921€20k€0▼
The notes to these accounts (2 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
16-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SITH SERVICES BVBA HENDRIK KUIJPERSSTRAAT 41, 2640 MORTSEL · event 10-09-2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 357 days late
2025
31-12
Financial
Weakest financial yearnet €-23k ▼211%
Net result drops to €-23k, the lowest in the series.
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €92k ▲85.6%
Operating result €131k, net result €92k, both a record.
31-12
Financial
Equity above €150kEq €164k ▲127%
6 profitable years in a row build equity to €164k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 5.55
Current ratio from 1.31 to 5.55; short-term debt falls from €74k to €16k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Show earlier events
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 54 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mortsel · 1 establishment unit since 2001
Ground area
229 m²
Building footprint
89 m²
Volume, LiDAR
722 m³
Parcel 11029A0046/00A003, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hendrik Kuijpersstraat 41, 2640 Mortsel
since 20012.093.086.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0046/00A003 | Flanders | 229 m² | 1 · 89 m² | 10.6 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN BOEYNAEMS CUYLITSSTRAAT 48,
2018 ANTWERPEN 1 |
10-09-2026 → present |
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,909 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
68201Renting and operating of own or leased residential real estate, excluding social housing
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.