Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 3 to 2.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
SITTING BULL from Brussel, company number BE0835812079, closed financial year 2023 with a result of € -123,634 after tax. For that financial year SITTING BULL recorded a gross margin of € 80,992 and equity of € -216,159. Compared with financial year 2022, the result moved from € -55,164 to € -123,634. The company made a loss. 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 17, 2024.
€ -216,159
▼ € 123,634 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -123,634
▼ 124 % more loss than in 2022
Profit after tax over the fiscal year.
€ 4,314
▼ 90% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -378,559.
People and assets in 2023
2
▼ 0.6 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 127,669
▲ 72% vs 2022
€ 63,800 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.
Debts at end 2023
€ 253,000
▼ 43% vs 2022
Loans from banks and other lenders, long and short.
€ 29,922
▼ 74% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 67,482
▲ 197% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 558,662 | € 45,854 | € 80,992 | ▲ 77% |
| Profit after taxes | € 443,431 | € -55,164 | € -123,634 | ▼ € 68,470 |
| Equity | € -37,361 | € -92,525 | € -216,159 | ▼ € 123,634 |
| Total debts | € 617,292 | € 582,303 | € 350,866 | ▼ 40% |
| Cash | € 192,250 | € 41,618 | € 4,314 | ▼ 90% |
| Land & buildings | € 1,115 | € 558 | - | |
| Retained profit | € -199,761 | € -254,925 | € -378,559 | ▼ € 123,634 |
| Bank debt | € 510,000 | € 445,612 | € 253,000 | ▼ 43% |
| Balance sheet total | € 579,931 | € 489,778 | € 134,708 | ▼ 72% |
| Employees (FTE) | 3 | 2.6 | 2 | ▼ 0.6 |
Key figures of SITTING BULL, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to SITTING BULL?
What happened at SITTING BULL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
SITTING BULL is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 123,634. Source: NBB ↗
- Arnold Van Maldegem became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 443,431 profit in 2021 to € 123,634 loss in 2023.
Paid € 33,451 in corporate taxes since 2021.
Best year ever: 2021, with € 443,431 profit.
On average € 40,500 of value added per employee in 2023.
Management
Behind SITTING BULL is Arnold Van Maldegem.
Directors
According to the 2023 annual accounts
Arnold Van Maldegem
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Picardstraat 7 box 100
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0835.812.079
- VAT number
- BE 0835.812.079
- Registered office
- Picardstraat 7 bus 100, 1000 Brussel
- Names & denominations
- SITTING BULL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 27 April 2011
- Peppol
- Not registered
- Activities · NACE
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