ACTIVE

SITEREM

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Financial year 2025 · closed on 31/12/2025

Net result

146,8 k €

+56.9% YoY

Gross margin

1,3 M €

+6.1% YoY

Equity

695,1 k €

+5.8% YoY

Workforce

13,7 ETP

-3.5% YoY

What does SITEREM do?

SITEREM is a Public limited company incorporated in 1993. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 13,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.878.764

Incorporation

08/09/1993

Legal form

Public limited company

Registered office

Cour de la Taillette 4
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Average workforce

13,7 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,3 M €	+6.1%	1,3 M €	+4.9%	1,2 M €	+13.0%	1,1 M €	-1.1%	1,1 M €	+6.9%	998,5 k €	+16.4%	857,9 k €	+1.6%	844,7 k €	+14.6%	737,3 k €	-0.3%	739,4 k €	+3.9%	711,8 k €	-14.5%	832,9 k €	+35.9%	612,8 k €	+4.9%	584,4 k €	+5.7%	552,7 k €	-4.8%	580,8 k €	+12.0%	518,6 k €	+3.2%	502,3 k €	+8.9%	461,1 k €	+18.0%	390,7 k €
EBITDA	351 k €	+36.4%	257,3 k €	-3.3%	266,1 k €	+65.7%	160,6 k €	-36.2%	251,7 k €	-4.7%	264,2 k €	+97.6%	133,7 k €	-16.1%	159,5 k €	+34.6%	118,5 k €	-31.7%	173,4 k €	+20.1%	144,4 k €	-45.7%	266 k €	+150%	106,5 k €	+9.0%	97,7 k €	-15.2%	115,2 k €	-12.2%	131,2 k €	+54.7%	84,8 k €	-23.2%	110,4 k €	+111%	52,3 k €	+54.9%	33,7 k €
Operating result	247,6 k €	+47.4%	168 k €	-3.7%	174,5 k €	+139%	72,9 k €	-57.4%	171,2 k €	-12.0%	194,6 k €	+232%	58,6 k €	-39.7%	97,2 k €	+46.8%	66,2 k €	-43.9%	118 k €	+10.0%	107,3 k €	-53.0%	228,2 k €	+271%	61,5 k €	+7.4%	57,3 k €	-5.6%	60,7 k €	-12.2%	69,2 k €	+133%	29,6 k €	-60.1%	74,2 k €	+170%	27,5 k €	+142%	11,3 k €
Net result	146,8 k €	+56.9%	93,6 k €	-10.5%	104,5 k €	+179%	37,4 k €	-69.7%	123,7 k €	-14.9%	145,3 k €	+196%	49,2 k €	-42.3%	85,2 k €	+42.7%	59,7 k €	-18.5%	73,3 k €	-14.6%	85,8 k €	-30.3%	123,1 k €	+341%	27,9 k €	-23.5%	36,5 k €	+2.7%	35,5 k €	+21.5%	29,3 k €	+237%	8,7 k €	-75.1%	34,9 k €	+373%	7,4 k €	+62.1%	4,6 k €
Balance sheet
Equity	695,1 k €	+5.8%	656,8 k €	+6.6%	615,9 k €	-22.8%	797,7 k €	+1.6%	785,3 k €	+17.1%	670,4 k €	+6.4%	630,3 k €	-0.4%	632,7 k €	+21.9%	519 k €	+13.0%	459,3 k €	+19.0%	386 k €	+28.6%	300,2 k €	+69.5%	177,1 k €	+18.7%	149,2 k €	+8.3%	137,7 k €	+8.3%	127,1 k €	+29.9%	97,9 k €	+9.7%	89,2 k €	+64.2%	54,3 k €	+15.7%	47 k €
Total assets	1,7 M €	+8.9%	1,6 M €	-4.3%	1,6 M €	+0.3%	1,6 M €	-1.7%	1,6 M €	+3.2%	1,6 M €	+3.7%	1,5 M €	+6.4%	1,4 M €	+44.2%	1 M €	-0.1%	1 M €	+10.8%	906,8 k €	+5.5%	859,3 k €	+29.3%	664,8 k €	+12.0%	593,6 k €	+8.5%	547,2 k €	-4.4%	572,3 k €	+22.4%	467,6 k €	-1.8%	476,3 k €	+24.1%	383,7 k €	-7.0%	412,5 k €
Cash	475,4 k €	+28.6%	369,7 k €	+47.3%	250,9 k €	+57.9%	158,9 k €	-1.7%	161,6 k €	-4.8%	169,8 k €	+10.6%	153,5 k €	+28.7%	119,3 k €	-33.3%	178,9 k €	-46.3%	332,9 k €	+76.8%	188,3 k €	+56.9%	120 k €	+92.2%	62,4 k €	-55.7%	140,9 k €	+1444%	9,1 k €	+508%	1,5 k €	-95.0%	29,9 k €	-20.6%	37,6 k €	+34.6%	27,9 k €	+33.5%	20,9 k €
Debts	995,3 k €	+10.8%	898,7 k €	-10.9%	1 M €	+22.6%	823,1 k €	-4.6%	863 k €	-6.9%	926,7 k €	+2.5%	904,3 k €	+12.5%	804 k €	+72.5%	466,2 k €	-12.8%	534,5 k €	+5.8%	505,1 k €	+2.9%	491 k €	+8.6%	451,9 k €	+9.8%	411,4 k €	+5.8%	389 k €	-10.8%	436 k €	+22.2%	356,9 k €	-4.5%	373,8 k €	+15.3%	324,3 k €	-10.5%	362,3 k €
Other
Workforce	13,7 ETP	-3.5%	14,2 ETP	+6.0%	13,4 ETP	-11.3%	15,1 ETP	+6.3%	14,2 ETP	+4.4%	13,6 ETP	+10.6%	12,3 ETP	+7.9%	11,4 ETP	+6.5%	10,7 ETP	+3.9%	10,3 ETP	+1.0%	10,2 ETP	-1.0%	10,3 ETP	+13.2%	9,1 ETP	+7.1%	8,5 ETP	+4.9%	8,1 ETP	-4.7%	8,5 ETP	0.0%	8,5 ETP	0.0%	8,5 ETP	+7.6%	7,9 ETP	-4.8%	8,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 23 ended

Active mandates

David Couvreur

Director · since 05 avril 2022 · until 04 avril 2028

Active

Stéphane Schadeck

Director · since 05 avril 2022 · until 04 avril 2028

Active

Vincent Vanderheyden

Director · since 05 avril 2022 · until 04 avril 2028

Active

Ended mandates

David Couvreur

Director · since 28 avril 2017 · until 28 avril 2023

Ended

Luc Pussemier

Director · since 28 avril 2017 · until 28 avril 2023

Ended

Stéphane Schadeck

Director · since 28 avril 2017 · until 28 avril 2023

Ended

Vincent Vanderheyden

Managing director · since 28 avril 2017 · until 28 avril 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2026	30/07/2025	30/07/2024	27/07/2023	11/07/2022	01/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	23/06/2023	03/06/2022	28/06/2021
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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	07/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	30/07/2024	French	PDF
Abridged model	31/12/2022	23/06/2023	27/07/2023	French	PDF
Abridged model	31/12/2021	03/06/2022	11/07/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	01/07/2021	French	PDF
Abridged model	31/12/2019	31/07/2020	24/09/2020	French	PDF
Abridged model	31/12/2018	26/04/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	27/04/2018	09/07/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	08/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	22/08/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	27/08/2014	French	PDF
Abridged modelCorrection	31/12/2012	29/05/2013	10/09/2013	French	PDF
Abridged model	31/12/2012	29/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	27/04/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	29/04/2011	25/07/2011	French	PDF
Abridged model	31/12/2009	30/04/2010	09/08/2010	French	PDF
Abridged model	31/12/2008	24/04/2009	16/06/2009	French	PDF
Abridged model	31/12/2007	25/04/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	20/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 23 ended

Active mandates

David Couvreur

Director · since 05 avril 2022 · until 04 avril 2028

Active

Stéphane Schadeck

Director · since 05 avril 2022 · until 04 avril 2028

Active

Vincent Vanderheyden

Director · since 05 avril 2022 · until 04 avril 2028

Active

Ended mandates

David Couvreur

Director · since 28 avril 2017 · until 28 avril 2023

Ended

Luc Pussemier

Director · since 28 avril 2017 · until 28 avril 2023

Ended

Stéphane Schadeck

Director · since 28 avril 2017 · until 28 avril 2023

Ended

Vincent Vanderheyden

Managing director · since 28 avril 2017 · until 28 avril 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/04/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates19/12/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates26/07/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates29/07/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates25/10/2004
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025146,8 k €↑
2024
Annual accounts 202493,6 k €↓
2023
Annual accounts 2023104,5 k €↑
2022
Annual accounts 202237,4 k €↓
2021
Annual accounts 2021123,7 k €↓
2020
Annual accounts 2020145,3 k €↑
2019
Annual accounts 201949,2 k €↓
2018
Annual accounts 201885,2 k €↑
2017
Annual accounts 201759,7 k €↓
2016
Annual accounts 201673,3 k €↓
2015
Annual accounts 201585,8 k €↓
2014
Annual accounts 2014123,1 k €↑
2013
Annual accounts 201327,9 k €↓
2012
Annual accounts 201236,5 k €↑
2011
Annual accounts 201135,5 k €↑
2010
Annual accounts 201029,3 k €↑
2009
Annual accounts 20098,7 k €↓
2008
Annual accounts 200834,9 k €↑
2007
Annual accounts 20077,4 k €↑
2006
Annual accounts 20064,6 k €
08/09/1993
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SITEREM

Overview

What does SITEREM do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline