Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SITRA INVEST from Ieper, company number BE0508516461, closed financial year 2025 with a result of € -478,393 after tax. For that financial year SITRA INVEST recorded revenue of € 15.2 million and equity of € 8.8 million. Compared with financial year 2024, the result moved from € 511,094 to € -478,393. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 8.8 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -478,393
▼ still € 511,094 profit in 2024
Profit after tax over the fiscal year.
€ 605,677
▲ 256% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.9 million.
People and assets in 2025
128
▼ 4.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10 million
▲ 2% vs 2024
€ 78,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6.3 million
Of which on lease € 5.9 million.
Debts at end 2025
€ 74.9 million
▲ 40% vs 2024
€ 7.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 4.2 million
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 285 days on average.
€ 1.3 million
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,271,474 | € 15,177,776 | € 15,454,014 | € 15,179,676 | ▼ 2% |
| Profit after taxes | € 10,411,955 | € 5,045,725 | € 511,094 | € -478,393 | ▼ € 989,488 |
| Equity | € 3,733,080 | € 8,778,806 | € 9,289,900 | € 8,811,506 | ▼ 5% |
| Total debts | € 54,358,331 | € 84,147,952 | € 82,464,096 | € 119,236,757 | ▲ 45% |
| Cash | € 141,989 | € 226,493 | € 170,322 | € 605,677 | ▲ 256% |
| Land & buildings | € 94,971 | € 74,461 | € 56,777 | € 42,870 | ▼ 24% |
| Retained profit | € 2,793,800 | € 7,839,526 | € 8,350,620 | € 7,872,226 | ▼ 6% |
| Dividend | € 17,150,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 27,031,434 | € 49,858,617 | € 53,437,376 | € 74,907,504 | ▲ 40% |
| Balance sheet total | € 58,091,411 | € 92,926,757 | € 91,753,996 | € 128,048,264 | ▲ 40% |
| Employees (FTE) | 127.1 | 133.9 | 132.9 | 128 | ▼ 4.9 |
Key figures of SITRA INVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SITRA INVEST?
What happened at SITRA INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cinsae BV stepped down as director. NBB
- NSA BV stepped down as director. NBB
- Syracuse Holding BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 478,393 (▼ € 989,488 vs 2024). Source: NBB ↗
- Cinsae BV became a director. NBB
- NSA BV became a director. NBB
- Syracuse Holding BV became a director. NBB
- New establishment in Ieper. KBO
In short
From € 10.4 million profit in 2022 to € 478,393 loss in 2025.
Paid € 32,158 in corporate taxes since 2022.
Best year ever: 2022, with € 10.4 million profit.
Paid out € 17.2 million in dividends to the owners in total.
A new publication or filing at SITRA INVEST? 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
The stake of SYRACUSE HOLDING BV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SITRA INVESTThe shares are held by SYRACUSE HOLDING BV (100%). It owns 100% of Sitra Nederland , 100% of Sitra France SAS, 100% of Iprus LTD, 100% of Sitra Shared Service Center SRL, 100% of Sitra Polska SP. Z.O.O. and 100% of Sitra RO SRL itself.
Directors
According to the 2025 annual accounts
Managing director · represented by David Saelens
Also active at: SAELENS INTERTRANSPORT, SYRACUSE HOLDING BV
since 2024 · until 2030
Managing director · represented by Nicolas Saelens
Also active at: SAELENS INTERTRANSPORT, SYRACUSE HOLDING BV
since 2024 · until 2030
Managing director · represented by Kenneth Depuydt
since 2024 · until 2030
Shareholders
100%
Participations
Sitra Nederland
100%
Sitra France SAS
100%
Iprus LTD
100%
Sitra Shared Service Center SRL
100%
Sitra Polska SP. Z.O.O.
100%
Sitra RO SRL
100%
Sitra SRL
100%
Albert Keijzer
100%
Trapol Sp. Z.O.O.
100%
Sitra Russia LTD
100%
UAB Sitra LT
100%
Marlep Translogistik Gmbh
100%
UAB Translukas
100%
Sitra UK LTD
100%
Sitra Deutschland GMBH
100%
Axle Topco Limited
100%
Establishments
Establishment units
Physical locations of this company
Pilkemseweg 113
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0508.516.461
- VAT number
- BE 0508.516.461
- Registered office
- Pilkemseweg 113, 8900 Ieper
- Names & denominations
- SITRA INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2012
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Goederenvervoer over de weg
Verhuur en lease van vrachtwagens
Groothandel in aanhangwagens, opleggers en caravans
Verhuur en lease van andere machines en werktuigen en andere materiële goederen
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Handel in aanhangwagens, opleggers en caravans