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 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SITAC EUROPE from Hasselt, company number BE0751645872, closed financial year 2025 with a result of € 723,823 after tax. For that financial year SITAC EUROPE recorded a gross margin of € 431,067 and equity of € -553,208. Compared with financial year 2024, the result moved from € -698,457 to € 723,823. 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 July 3, 2026.
€ -553,208
▲ € 723,823 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 723,823
▲ still € 698,457 loss in 2024
Profit after tax over the fiscal year.
€ 2,390
▼ 91% 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 € -1.1 million.
People and assets in 2025
11.6
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 953,676
▼ 13% vs 2024
€ 82,200 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.
€ 5,222
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 273,279
▼ 79% vs 2024
Loans from banks and other lenders, long and short.
€ 976,418
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 199,273
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 501,432 | € -103,411 | € 584,286 | € 431,067 | ▼ 26% |
| Profit after taxes | € -173,924 | € -918,511 | € -698,457 | € 723,823 | ▲ € 1.4 million |
| Equity | € 339,936 | € -578,575 | € -1,277,032 | € -553,208 | ▲ € 723,823 |
| Total debts | € 641,347 | € 1,436,516 | € 2,309,501 | € 1,483,318 | ▼ 36% |
| Cash | € 121,391 | - | € 25,589 | € 2,390 | ▼ 91% |
| Land & buildings | € 2,155 | € 0 | € 0 | € 0 | |
| Retained profit | € -160,064 | € -1,078,575 | € -1,777,032 | € -1,053,208 | ▲ € 723,823 |
| Bank debt | € 0 | € 120,108 | € 1,306,154 | € 273,279 | ▼ 79% |
| Balance sheet total | € 981,283 | € 857,941 | € 1,032,470 | € 930,110 | ▼ 10% |
| Employees (FTE) | 8.8 | 9 | 12.2 | 11.6 | ▼ 0.6 |
Key figures of SITAC EUROPE, 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 SITAC EUROPE?
What happened at SITAC EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 723,823. Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 173,924 loss in 2022 to € 723,823 profit in 2025.
Paid € 4,252 in corporate taxes since 2022.
Best year ever: 2025, with € 723,823 profit.
On average € 37,200 of value added per employee in 2025.
A new publication or filing at SITAC EUROPE? 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 SOMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SITAC EUROPEBehind SITAC EUROPE are Nathalie Corthouts, Adcor BV and Philippe Corthouts. The shares are held by SOMA (75%).
Directors
According to the 2025 annual accounts
Managing director · represented by Adrien Corthouts
Also active at: Alix Aspeslagh, ADCOR, SAREZE
Philippe Corthouts
Director
Also active at: BELFORM EUROPE, CORRE, Comu, SOMA, A & P, SOFA PRODUCTION, PASSE PARTOUT, SOFABED EUROPE +2 more
Shareholders
75%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ekkelgaarden 6 A
3500 Hasselt
Ekkelgaarden 6A
3500 Hasselt
Active since 30 July 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →CORRE same network
€ 70,795 gross margin · 2025
SOFABED EUROPE same network
€ -108,992 gross margin · 2025
SITAL INVEST
€ 35,452 gross margin · 2025
SAREZE same network
€ 198,273 gross margin · 2025
RECOR BEDDING EUROPE
€ 51,767 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0751.645.872
- VAT number
- BE 0751.645.872
- Registered office
- Ekkelgaarden 6 A, 3500 Hasselt
- Names & denominations
- SITAC EUROPE · SITAC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 July 2020
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Detailhandel in huismeubilair
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