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 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Sitasi from Torhout, company number BE0540557442, closed financial year 2025 with a result of € 9,129 after tax. For that financial year Sitasi recorded a gross margin of € 60,994 and equity of € -43,559. Compared with financial year 2024, the result moved from € -6,015 to € 9,129. 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 November 28, 2025.
€ -43,559
▲ € 9,129 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,129
▲ still € 6,015 loss in 2024
Profit after tax over the fiscal year.
€ 469
▲ € 410 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 € -58,559.
People and assets in 2025
€ 40,573
▼ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 19,218
▼ 33% vs 2024
€ 6,025 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 24,056
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,547
▼ 31% 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 | € 105,703 | € 15,418 | € 59,530 | € 60,994 | ▲ 2% |
| Profit after taxes | € -11,005 | € -56,252 | € -6,015 | € 9,129 | ▲ € 15,144 |
| Equity | € 9,579 | € -46,673 | € -52,688 | € -43,559 | ▲ € 9,129 |
| Total debts | € 88,933 | € 100,243 | € 92,986 | € 81,632 | ▼ 12% |
| Cash | € 20,574 | € 232 | € 59 | € 469 | ▲ € 410 |
| Retained profit | € -5,421 | € -61,673 | € -67,688 | € -58,559 | ▲ € 9,129 |
| Bank debt | € 35,488 | € 32,577 | € 28,592 | € 19,218 | ▼ 33% |
| Balance sheet total | € 98,512 | € 53,570 | € 40,298 | € 38,073 | ▼ 6% |
Key figures of Sitasi, 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 November 2026.
What happened to Sitasi?
What happened at Sitasi in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,129. Source: NBB ↗
- New establishment in Torhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,005 loss in 2022 to € 9,129 profit in 2025.
Paid € 798 in corporate taxes since 2022.
Best year ever: 2025, with € 9,129 profit.
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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
Behind Sitasi are Pradip Kadel and Shirley Deroo.
Directors
According to the 2025 annual accounts
Pradip Kadel
Manager
Shirley Deroo
Manager
Establishments
Establishment units
Physical locations of this company
Markt 18
8820 Torhout
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
- 0540.557.442
- VAT number
- BE 0540.557.442
- Registered office
- Markt 18, 8820 Torhout
- Names & denominations
- Sitasi
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 October 2013
- Peppol
- Active · Active since 26 Jan 2026
- Activities · NACE
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Cateringdiensten op contractbasis en overige diensten in verband met maaltijden
Catering van evenementen
Eetgelegenheden met beperkte bediening
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