SIAT
0444.559.314 · rovalta.com · 23/09/2026
ACTIVE
SIAT
Financial year 2024 · closed on 31/12/2024
Net result
20,8 M €
+72.1% YoY
Revenue
23,3 M €
-16.8% YoY
Equity
220,1 M €
+0.7% YoY
Workforce
9,2 ETP
-19.3% YoY
Overview
What does SIAT do?
SIAT is a Public limited company incorporated in 1991. Its registered office is in Zaventem. It employs on average 9,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0444.559.314
Incorporation
28/06/1991
Legal form
Public limited company
Registered office
Romboutsstraat 6-8
1932 Zaventem · FlandreSee on map
1932 Zaventem · FlandreSee on map
Contributed capital
123 264 458,99 €
Latest accounts
31/12/2024
Average workforce
9,2 ETP
Joint committees (3)
- 100
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue
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Financials
Trend over 19 financial years
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 23,3 M € | -16.8% | 28 M € | +17.5% | 23,8 M € | +13.8% | 21 M € | +27.9% | 16,4 M € | -21.4% | 20,8 M € | -45.0% | 37,9 M € | -13.1% | 43,5 M € | +37.0% | 31,8 M € | -40.3% | 53,3 M € | +5.1% | 50,7 M € | -36.7% | 80,1 M € | +13.6% | 70,5 M € | +47.3% | 47,9 M € | +35.7% | 35,3 M € | +32.8% | 26,6 M € | -6.1% | 28,3 M € | +84.6% | 15,3 M € | +8.1% | 14,2 M € |
| EBITDA | -2,4 M € | +85.5% | -16,2 M € | -425% | 5 M € | -17.0% | 6 M € | +28.8% | 4,7 M € | +149% | -9,6 M € | -182% | 11,7 M € | -22.0% | 15 M € | +55.6% | 9,6 M € | -24.6% | 12,8 M € | -15.1% | 15 M € | +3.0% | 14,6 M € | -3.3% | 15,1 M € | +137% | 6,4 M € | -26.6% | 8,7 M € | +16.7% | 7,4 M € | +6.1% | 7 M € | +89.5% | 3,7 M € | -2.2% | 3,8 M € |
| Operating result | 3,7 M € | +5.7% | 3,5 M € | -88.2% | 29,5 M € | +234% | -22 M € | -4.5% | -21,1 M € | -105% | -10,3 M € | -192% | 11,2 M € | -20.5% | 14,1 M € | +68.4% | 8,4 M € | -29.1% | 11,8 M € | -16.5% | 14,1 M € | -0.6% | 14,2 M € | -4.1% | 14,8 M € | +143% | 6,1 M € | -27.9% | 8,5 M € | +16.9% | 7,2 M € | +6.2% | 6,8 M € | +89.8% | 3,6 M € | +0.9% | 3,6 M € |
| Net result | 20,8 M € | +72.1% | 12,1 M € | +22.1% | 9,9 M € | +152% | -19,1 M € | +68.1% | -59,8 M € | +37.3% | -95,4 M € | -983% | 10,8 M € | -10.4% | 12,1 M € | +48.1% | 8,1 M € | -44.8% | 14,8 M € | +11.6% | 13,2 M € | -39.8% | 22 M € | +3.9% | 21,1 M € | +177% | 7,6 M € | -5.6% | 8,1 M € | +53.5% | 5,3 M € | -6.4% | 5,6 M € | +107% | 2,7 M € | -52.1% | 5,7 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 220,1 M € | +0.7% | 218,5 M € | +5.9% | 206,4 M € | +5.0% | 196,5 M € | -8.8% | 215,6 M € | -21.7% | 275,4 M € | -9.9% | 305,7 M € | +3.7% | 294,9 M € | +4.3% | 282,9 M € | +3.0% | 274,7 M € | +5.7% | 260 M € | +5.4% | 246,8 M € | +5.1% | 234,9 M € | +143% | 96,8 M € | +71.5% | 56,4 M € | +16.7% | 48,4 M € | +46.2% | 33,1 M € | +20.5% | 27,4 M € | +11.0% | 24,7 M € |
| Total assets | 242,2 M € | +1.7% | 238,2 M € | +2.7% | 231,9 M € | -14.3% | 270,5 M € | -7.5% | 292,6 M € | -17.0% | 352,4 M € | -8.6% | 385,6 M € | +2.2% | 377,2 M € | +4.6% | 360,6 M € | -1.0% | 364,3 M € | +15.0% | 316,9 M € | +3.4% | 306,5 M € | +14.7% | 267,2 M € | +95.6% | 136,6 M € | +35.6% | 100,8 M € | +3.3% | 97,6 M € | +15.6% | 84,5 M € | +9.0% | 77,5 M € | +92.8% | 40,2 M € |
| Cash | 4,1 M € | +0.8% | 4,1 M € | +32.0% | 3,1 M € | -64.7% | 8,7 M € | +682% | 1,1 M € | -45.9% | 2,1 M € | +72.2% | 1,2 M € | +72.0% | 695,2 k € | -52.5% | 1,5 M € | +175% | 531,2 k € | -27.4% | 732,1 k € | -61.4% | 1,9 M € | -69.7% | 6,2 M € | +1087% | 525,9 k € | -57.3% | 1,2 M € | -59.2% | 3 M € | +3.6% | 2,9 M € | +1745% | 157,6 k € | +36.7% | 115,3 k € |
| Debts | 22 M € | +11.7% | 19,7 M € | -22.7% | 25,5 M € | -65.5% | 73,7 M € | -3.4% | 76,3 M € | -0.8% | 76,9 M € | -3.5% | 79,7 M € | -2.9% | 82 M € | +5.8% | 77,5 M € | -11.9% | 87,9 M € | +59.8% | 55 M € | -6.9% | 59,2 M € | +88.5% | 31,4 M € | -16.9% | 37,8 M € | -13.9% | 43,9 M € | -9.1% | 48,3 M € | -3.7% | 50,1 M € | +1.3% | 49,4 M € | +226% | 15,1 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 9,2 ETP | -19.3% | 11,4 ETP | -10.9% | 12,8 ETP | +15.3% | 11,1 ETP | -1.8% | 11,3 ETP | -31.5% | 16,5 ETP | -18.3% | 20,2 ETP | -8.2% | 22,0 ETP | +15.8% | 19,0 ETP | +2.2% | 18,6 ETP | +10.1% | 16,9 ETP | +3.7% | 16,3 ETP | +11.6% | 14,6 ETP | +22.7% | 11,9 ETP | +30.8% | 9,1 ETP | +11.0% | 8,2 ETP | +7.9% | 7,6 ETP | +4.1% | 7,3 ETP | +43.1% | 5,1 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 M€ and 250 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2024 · 13 active · 81 ended
Active mandates
Arigbede Olaronke Sadiat
Activede Carnière Xavier
ActiveFelix Nwabuko
ActiveActive
Oduyimika Hassan-Odukale Babatunde
ActiveSarumi (jnr.) Olakanmi Rasheed
ActiveSarumi Olakanmi Rasheed
ActiveActive
Active
Active
Active
Thierno ALASSANE DOUMBIA
ActiveEnded mandates
Financials
Annual accounts
Full financial information
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 13/06/2025 | 29/03/2024 | 16/05/2023 | 19/05/2022 | 23/07/2021 | 31/07/2020 |
| General meeting | 04/06/2025 | 14/03/2024 | 15/05/2023 | 16/05/2022 | 28/06/2021 | 25/06/2020 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
40 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2024 | 04/06/2025 | 13/06/2025 | Dutch | |
| Consolidated accounts | 31/12/2024 | 04/06/2025 | 13/06/2025 | Dutch | |
| Full model | 31/12/2023 | 14/03/2024 | 29/03/2024 | Dutch | |
| Consolidated accounts | 31/12/2023 | 27/06/2024 | 01/07/2024 | Dutch | |
| Full model | 31/12/2022 | 15/05/2023 | 16/05/2023 | Dutch | |
| Consolidated accounts | 31/12/2022 | 27/07/2023 | 28/07/2023 | Dutch | |
| Full model | 31/12/2021 | 16/05/2022 | 19/05/2022 | Dutch | |
| Consolidated accounts | 31/12/2021 | 28/07/2022 | 16/08/2022 | Dutch | |
| Full model | 31/12/2020 | 28/06/2021 | 23/07/2021 | Dutch | |
| Consolidated accounts | 31/12/2020 | 28/06/2021 | 22/07/2021 | Dutch | |
| Full model | 31/12/2019 | 25/06/2020 | 31/07/2020 | Dutch | |
| Consolidated accounts | 31/12/2019 | 25/06/2020 | 27/07/2020 | Dutch | |
| Full model | 31/12/2018 | 19/06/2019 | 28/06/2019 | Dutch | |
| Consolidated accounts | 31/12/2018 | 19/06/2019 | 28/06/2019 | Dutch | |
| Full model | 31/12/2017 | 30/04/2018 | 18/07/2018 | Dutch | |
| Consolidated accounts | 31/12/2017 | 30/04/2018 | 23/08/2018 | Dutch | |
| Full model | 31/12/2016 | 30/05/2017 | 30/06/2017 | Dutch | |
| Consolidated accounts | 31/12/2016 | 30/05/2017 | 30/06/2017 | Dutch | |
| Full model | 31/12/2015 | 28/06/2016 | 15/07/2016 | Dutch | |
| Consolidated accounts | 31/12/2015 | 28/06/2016 | 15/07/2016 | Dutch | |
| Full model | 31/12/2014 | 19/05/2015 | 28/05/2015 | Dutch | |
| Consolidated accounts | 31/12/2014 | 19/05/2015 | 28/05/2015 | Dutch | |
| Full model | 31/12/2013 | 28/05/2014 | 30/06/2014 | Dutch | |
| Consolidated accounts | 31/12/2013 | 28/05/2014 | 24/06/2014 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 M€ and 250 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2024 · 13 active · 81 ended
Active mandates
Arigbede Olaronke Sadiat
Activede Carnière Xavier
ActiveFelix Nwabuko
ActiveActive
Oduyimika Hassan-Odukale Babatunde
ActiveSarumi (jnr.) Olakanmi Rasheed
ActiveSarumi Olakanmi Rasheed
ActiveActive
Active
Active
Active
Thierno ALASSANE DOUMBIA
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates22/04/2026ONTSLAGEN - BENOEMINGEN
- Mandates02/01/2026ONTSLAGEN - BENOEMINGEN
- Mandates17/11/2025ONTSLAGEN - BENOEMINGEN
- Other03/05/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates14/03/2024ONTSLAGEN - BENOEMINGEN
- Mandates09/11/2023ONTSLAGEN - BENOEMINGEN
- Mandates09/11/2023ONTSLAGEN - BENOEMINGEN
- Other16/08/2022DIVERSEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 03/01/2026nominationAdewale ARIKAWE — bestuurder
- 03/01/2026nominationAdewale ARIKAWE — dagelijks bestuurder
- 14/08/2025nominationObi IBEKWE — bestuurder
- 04/06/2025nominationFrançois Van Hoydonck — bestuurder
- 04/06/2025nominationGrace Titilayo (Tit') Osuntoki — bestuurder
- 2024Annual accounts 202420,8 M €↑
- 04/03/2024nominationFilip Dierckx — vaste vertegenwoordiger
- 04/03/2024nominationOlakanmi Rasheed Sarumi — bestuurder
- 04/03/2024nominationXavier de Camière — bestuurder
- 04/03/2024nominationFelix Nwabuko — bestuurder
- 04/03/2024nominationRasheed Olakanmi Sarumi (Jnr.) — bestuurder
- 04/03/2024nominationOlaronke Sadiat Arigbede — bestuurder
- 04/03/2024nominationBabatunde Oduyimika Hassan-Odukale — bestuurder
- 2023Annual accounts 202312,1 M €↑
- 27/07/2023reconductionJo Van Baelen — commissaris
- 15/05/2023nominationDirk Lambrecht BV — B-bestuurder
- 2022Annual accounts 20229,9 M €↑
- 09/03/2022demissionDirk Lambrecht — natuurlijke persoon-bestuurder (categorie B)
- 09/03/2022nominationAdvocatenkantoor Dirk Lambrecht BV — bestuurder (B-bestuurder)
- 09/02/2022nominationFilip Dierckx — voorzitter van de raad van bestuur
- 09/02/2022nominationMichel De Wolf — vicevoorzitter
- 09/02/2022nominationDirk Lambrecht — vicevoorzitter
- 2021Annual accounts 2021-19,1 M €↑
- 2020Annual accounts 2020-59,8 M €↑
- 2019Annual accounts 2019-95,4 M €↓
- 2018Annual accounts 201810,8 M €↓
- 2017Annual accounts 201712,1 M €↑
- 2016Annual accounts 20168,1 M €↓
- 2015Annual accounts 201514,8 M €↑
- 2014Annual accounts 201413,2 M €↓
- 2013Annual accounts 201322 M €↑
- 2012Annual accounts 201221,1 M €↑
- 2011Annual accounts 20117,6 M €↓
- 2010Annual accounts 20108,1 M €↑
- 2009Annual accounts 20095,3 M €↓
- 2008Annual accounts 20085,6 M €↑
- 2007Annual accounts 20072,7 M €↓
- 2006Annual accounts 20065,7 M €
- 28/06/1991IncorporationPublic limited company