CIGAL
ActiveThe computed 12-month bankruptcy probability of CIGAL is 1.8% (moderate). The 2025 annual accounts show equity of €1.25M and a net result of €1.12M. Equity is growing by ~460.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 27676 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 9.31 against 3.9 in 2024; short-term debt: 10.7% and cash: 15.1% of total assets), and 10.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.3%
Return on assets
80.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.25M▲ 884%
2024 · €127k
2023: €80k
2024: €127k
2023 → 2025
Total assets
€1.40M▲ 754%
2024 · €164k
2023: €114k
2024: €164k
2023 → 2025
Net result
€1.12M▲ 2,304%
2024 · €47k
2023: €40k
2024: €47k
2023 → 2025
Working capital
€1.24M▲ 1,066%
2024 · €107k
2023: €76k
2024: €107k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€80k-€127k▲ 58.1%€1.25M▲ 884%
Operating result€51k-€60k▲ 17.5%€1.26M▲ 2,000%
Net result€40k-€47k▲ 15.9%€1.12M▲ 2,304%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 2,000% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.40M
Fixed assets
€3k▼ 85.8%
Current assets
€1.39M▲ 872%
Equity and liabilities €1.40M
Equity
€1.25M▲ 884%
Debt
€150k▲ 307%
The debt ratio falls from 22.5% to 10.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.26M▲
2024 · €61k
Cash flow
€1.12M▲
2024 · €48k
Solvency
89.3%▲
2024 · 77.5%
Current ratio
9.31▲
2024 · 3.90
Quick ratio
9.31▲
2024 · 3.90
Debt / equity
0.12▼
2024 · 0.29
ROE
89.8%▲
2024 · 36.7%
ROA
80.2%▲
2024 · 28.5%
Interest coverage
75.29▲
2024 · 38.53
Debt
€150k▲
2024 · €37k
Debt ≤ 1 year
€150k▲
2024 · €37k
Income taxes
€127k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€164k€1.40M▲
Fixed assets21/28€20k€3k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€857€665▼
Plant, machinery and equipment23€857€665▼
Financial fixed assets28€16k-
Current assets29/58€143k€1.39M▲
Amounts receivable within one year40/41€69k€11k▼
Trade receivables40€492€10k▲
Other amounts receivable41€69k€928▼
Current investments50/53€50k€1.17M▲
Cash at bank and in hand54/58€24k€211k▲
Deferred charges and accrued income490/1€215-
Equity and liabilities
Total equity and liabilities10/49€164k€1.40M▲
Equity10/15€127k€1.25M▲
Contributions10/11€40k€40k=
Reserves13€87k€1.21M▲
Distributable reserves133€87k€1.21M▲
Amounts payable17/49€37k€150k▲
Amounts payable within one year42/48€37k€150k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€14k€126k▲
Taxes450/3€12k€124k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€17k€21k▲
Income statement
Code20242025
Non-recurring operating income76A-€1.18M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€115€126▲
Gross operating margin9900€61k€1.26M▲
Operating profit (loss)9901€60k€1.26M▲
Financial income75/76B€215€5k▲
Recurring financial income75€215€5k▲
Financial charges65/66B€2k€17k▲
Recurring financial charges65€2k€17k▲
Profit (loss) for the period before taxes9903€59k€1.25M▲
Income taxes67/77€12k€127k▲
Profit (loss) for the period9904€47k€1.12M▲
Profit (loss) for the period to be appropriated9905€47k€1.12M▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€1.12M▲
Transfer to equity691/2€47k€1.12M▲
To other reserves6921€47k€1.12M▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 1 juli 2026
- Registered-office move, Blauwhuisstraat 11 bus A, 8531 Harelbeke
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2023net €1.12M ▲2304%
Operating result €1.26M, net result €1.12M, both a record.
30-06
Financial
Liquidity doublescurrent ratio 9.31
Current ratio from 3.90 to 9.31.
30-06
Financial
Equity above €1MEq €1.25M ▲884%
3 profitable years in a row build equity to €1.25M.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €100kEq €127k ▲58.1%
2 profitable years in a row build equity to €127k.
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blauwhuisstraat 118531 HarelbekeGround area
830 m²
Building footprint
243 m²
Volume, LiDAR
1,213 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CIGAL
since 20222.330.150.034
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017A0113/00Y000 | Flanders | 462 m² | 1 · 88 m² | 9.4 m · 2 fl. |
| 34352A0270/00E002 | Flanders | 368 m² | 1 · 155 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
R. VERSTUYFT - LANSSENS
BE 0421.496.969
Aalter · Eq €1.25M
CHRISTIAENS DOMINIQUE
BE 0470.767.427
Wielsbeke · Eq €1.25M
FOELEC
BE 0829.008.718
Oostrozebeke · Eq €1.25M
CLINCKX
BE 0439.573.118
Lokeren · Eq €1.25M
JAN VRIENDS
BE 0842.888.032
Brecht · Eq €1.25M
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 4,037 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2022
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.