Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SITEX from Kortrijk, company number BE0443499737, closed financial year 2025 with a result of € 35,853 after tax. For that financial year SITEX recorded a gross margin of € 133,016 and equity of € -5,407. Compared with financial year 2024, the result moved from € -27,911 to € 35,853. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ -5,407
▲ € 35,853 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,853
▲ still € 27,911 loss in 2024
Profit after tax over the fiscal year.
€ 139,148
▲ 210% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -625,141.
People and assets in 2025
€ 2,679
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,128
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
€ 55,181 is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.
€ 16,286
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,613
▲ € 25,647 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,905 | € -8,228 | € -21,491 | € 133,016 | ▲ € 154,507 |
| Profit after taxes | € -9,902 | € -11,487 | € -27,911 | € 35,853 | ▲ € 63,765 |
| Equity | € -1,862 | € -13,349 | € -41,260 | € -5,407 | ▲ € 35,853 |
| Total debts | € 156,638 | € 250,867 | € 274,260 | € 1,625,085 | ▲ € 1.4 million |
| Cash | € 1,544 | € 82,403 | € 44,857 | € 139,148 | ▲ 210% |
| Land & buildings | € 153,152 | € 153,152 | € 158,292 | € 1,449,107 | ▲ € 1.3 million |
| Retained profit | € -621,596 | € -633,083 | € -660,994 | € -625,141 | ▲ € 35,853 |
| Bank debt | € 0 | € 0 | € 0 | € 1,173,761 | |
| Balance sheet total | € 154,776 | € 237,519 | € 233,000 | € 1,619,679 | ▲ € 1.4 million |
Key figures of SITEX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to SITEX?
What happened at SITEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Valerie Hellebuck stepped down as director. NBB
- Arne Vandendriessche stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 35,853. Source: NBB ↗
- Valerie Hellebuck became a director. NBB
- Arne Vandendriessche became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,902 loss in 2022 to € 35,853 profit in 2025.
Best year ever: 2025, with € 35,853 profit.
A new publication or filing at SITEX? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Arne Vandendriessche
Director
Also active at: Appel Invest, Hangar K, SGNPST, SPURS INVEST, Get Driven
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Sint-Elooisdreef(Kor) 3
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0443.499.737
- VAT number
- BE 0443.499.737
- Registered office
- Sint-Elooisdreef(Kor) 3, 8500 Kortrijk
- Names & denominations
- SITEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1991
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Activiteiten van hoofdkantoren