FREDERIC SIGEL
ActiveFREDERIC SIGEL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.02M and a net result of €-22k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-29
Solvency78▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.89 in 2024; short-term debt: 11.1% and cash: 0.1% of total assets), and 46.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
53.2%
Return on assets
-1.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-02-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
37 d early
2023
82 d early
2022
38 d early
2021
137 d early
2020
99 d early
2019
150 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.02M▼ 2.1%
2024 · €1.04M
2018: €615k
2019: €658k
2020: €776k
2021: €888k
2022: €882k
2023: €1,000k
2024: €1.04M
2018 → 2025
Total assets
€1.92M▲ 5.7%
2024 · €1.82M
2018: €1.22M
2019: €1.20M
2020: €1.20M
2021: €1.32M
2022: €1.92M
2023: €1.85M
2024: €1.82M
2018 → 2025
Net result
€-22k
2024 · €115k
2018: €52k
2019: €43k
2020: €118k
2021: €112k
2022: €45k
2023: €117k
2024: €115k
2018 → 2025
Working capital
€-174k▼ 929%
2024 · €-17k
2018: €-144k
2019: €-147k
2020: €-64k
2021: €-77k
2022: €-131k
2023: €-47k
2024: €-17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€888k-€882k▼ 0.6%€1,000k▲ 13.3%€1.04M▲ 4.5%€1.02M▼ 2.1%
Operating result€182k-€68k▼ 62.6%€198k▲ 190%€190k▼ 3.7%€6k▼ 96.9%
Net result€112k-€45k▼ 60.2%€117k▲ 162%€115k▼ 1.4%€-22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 97% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.92M
Fixed assets
€1.88M▲ 12.1%
Current assets
€39k▼ 71.6%
Equity and liabilities €1.92M
Equity
€1.02M▼ 2.1%
Debt
€898k▲ 16.3%
The debt ratio rises from 42.5% to 46.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101k▼
2024 · €274k
Cash flow
€73k▼
2024 · €200k
Solvency
53.2%▼
2024 · 57.5%
Current ratio
0.18▼
2024 · 0.89
Quick ratio
0.18▼
2024 · 0.89
Debt / equity
0.88▲
2024 · 0.74
ROE
-2.2%▼
2024 · 11.1%
ROA
-1.2%▼
2024 · 6.4%
Interest coverage
3.67▼
2024 · 11.25
Debt
€898k▲
2024 · €772k
Debt ≤ 1 year
€214k▲
2024 · €156k
Debt > 1 year
€681k▲
2024 · €610k
Income taxes
€740▼
2024 · €52k
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€1.82M€1.92M▲
Fixed assets21/28€1.68M€1.88M▲
Tangible fixed assets22/27€1.68M€1.88M▲
Land and buildings22€1.67M€1.88M▲
Plant, machinery and equipment23€4k€5k▲
Financial fixed assets28€70€70=
Current assets29/58€139k€39k▼
Amounts receivable within one year40/41€47k€30k▼
Trade receivables40€47k€30k▼
Cash at bank and in hand54/58€85k€2k▼
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.92M▲
Equity10/15€1.04M€1.02M▼
Contributions10/11€14k€14k=
Reserves13€636k€636k=
Tax-exempt reserves132€135k€135k=
Distributable reserves133€501k€501k=
Profit (loss) carried forward14€395k€372k▼
Amounts payable17/49€772k€898k▲
Amounts payable after more than one year17€610k€681k▲
Financial debts170/4€610k€681k▲
Amounts payable within one year42/48€156k€214k▲
Current portion of amounts payable after more than one year42€96k€83k▼
Trade debts44€14k€38k▲
Suppliers440/4€14k€38k▲
Taxes, remuneration and social security45€32k€3k▼
Taxes450/3€32k€2k▼
Remuneration and social security454/9-€1k
Other amounts payable47/48€15k€90k▲
Accrued charges and deferred income492/3€6k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€95k▲
Other operating charges640/8€8k€10k▲
Gross operating margin9900€282k€111k▼
Operating profit (loss)9901€190k€6k▼
Financial income75/76B€2k€270▼
Recurring financial income75€2k€270▼
Financial charges65/66B€24k€27k▲
Recurring financial charges65€24k€27k▲
Profit (loss) for the period before taxes9903€168k€-21k▼
Income taxes67/77€52k€740▼
Profit (loss) for the period9904€115k€-22k▼
Transfer from tax-exempt reserves789€57k-
Transfer to tax-exempt reserves689€55k-
Profit (loss) for the period to be appropriated9905€118k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€512k€372k▼
Profit (loss) brought forward from the previous period14P€394k€395k▲
Transfer from equity791/2€71k-
Transfer to equity691/2€117k-
To other reserves6921€117k-
Profit to be distributed694/7€71k-
Return on contributions (dividend)694€71k-
The notes to these accounts (7 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
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-22k ▼119%
Net result drops to €-22k, the lowest in the series.
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €1MEq €1.04M ▲4.5%
7 profitable years in a row build equity to €1.04M.
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €118k ▲173%
Net result €118k, the highest in the series.
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2010
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.
d'Oultremontstraat 481040 EtterbeekGround area
174 m²
Building footprint
92 m²
Volume, LiDAR
1,246 m³
Parcel 21005A0500/00P003, Brussels · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Frederic Sigel
since 20102.193.092.497
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0500/00P003 | Brussels | 174 m² | 1 · 92 m² | 16.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 27,582 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2010
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
62020IT consultancy
62200Computer consultancy and computer facilities management
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
78100Employment placement agencies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.