SIGART
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
23 d early
2022
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.3m▲ 76.2%
2023 · €1.3m
Working capital
€8.9m▲ 88.3%
2023 · €4.7m
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€13,163-€1.6m▲ 12,334%€3.1m▲ 86.5%
Net result-€5,195-€1.3m€2.3m▲ 76.2%
Equity€9.3m-€3.6m▼ 61.7%€5.8m▲ 63.5%
Total assets€11.0m-€19.6m▲ 78.7%€15.2m▼ 22.6%
Debt€1.7m-€15.7m▲ 822%€8.2m▼ 47.6%
Working capital€3.1m-€4.7m▲ 52.2%€8.9m▲ 88.3%
Staff (FTE)1-3▲ 200%3=
Why a figure moved sharply
- 2024 Net result +76% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 86% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.2m
Fixed assets
€5.6m ▼ 22.7%
Current assets
€9.6m ▼ 22.6%
Equity and liabilities €15.2m
Equity
€5.8m ▲ 63.5%
Provisions
€1.2m ▲ 179%
Debt
€8.2m ▼ 47.6%
Debt's share of the balance-sheet total falls from 79.7% to 54.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.3m▲
2023 · €1.9m
Cash flow
€2.5m▲
2023 · €1.6m
Current ratio
14.55▲
2023 · 1.62
Debt to equity
1.41▼
2023 · 4.40
ROE
38.8%▲
2023 · 36.1%
ROA
14.9%▲
2023 · 6.5%
Interest coverage
7.73▼
2023 · 48.97
Debt ≤ 1 year
€659,895▼
2023 · €7.6m
Debt > 1 year
€7.5m▼
2023 · €8.0m
Income taxes
€16,905▼
2023 · €17,190
Staff costs
€119,749▼
2023 · €142,406
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €1.8m | €3.5m | ▲ 95.1% |
| Remuneration, social security and pensions62 | €75,808 | €142,406 | €119,749 | ▼ 15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €210,918 | €307,528 | €261,498 | ▼ 15.0% |
| Other operating charges640/8 | €76,456 | €117,902 | €152,715 | ▲ 29.5% |
| Non-recurring operating charges66A | - | €12,485 | €7,727 | ▼ 38.1% |
| Gross operating margin9900 | €376,344 | €2.2m | €3.6m | ▲ 62.1% |
| Operating profit (loss)9901 | €13,163 | €1.6m | €3.1m | ▲ 86.5% |
| Financial income75/76B | €12,124 | €123,554 | €404,645 | ▲ 228% |
| Recurring financial income75 | €12,124 | €123,554 | €404,645 | ▲ 228% |
| Financial charges65/66B | €24,811 | €39,702 | €428,713 | ▲ 980% |
| Recurring financial charges65 | €24,811 | €39,702 | €428,713 | ▲ 980% |
| Profit (loss) for the period before taxes9903 | €475 | €1.7m | €3.0m | ▲ 76.0% |
| Transfer to deferred taxes680 | - | €418,980 | €748,187 | ▲ 78.6% |
| Income taxes67/77 | €5,670 | €17,190 | €16,905 | ▼ 1.7% |
| Profit (loss) for the period9904 | -€5,195 | €1.3m | €2.3m | ▲ 76.2% |
| Transfer to tax-exempt reserves689 | - | €1.3m | €2.2m | ▲ 78.6% |
| Profit (loss) for the period to be appropriated9905 | -€5,195 | €27,407 | €18,155 | ▼ 33.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11.0m | €19.6m | €15.2m | ▼ 22.6% |
| Fixed assets21/28 | €7.6m | €7.2m | €5.6m | ▼ 22.7% |
| Tangible fixed assets22/27 | €6.8m | €6.5m | €4.8m | ▼ 25.3% |
| Land and buildings22 | €6.8m | €6.4m | €4.8m | ▼ 25.3% |
| Plant, machinery and equipment23 | €13,565 | €15,011 | €6,596 | ▼ 56.1% |
| Furniture and vehicles24 | €11,067 | €9,152 | €7,497 | ▼ 18.1% |
| Financial fixed assets28 | €797,337 | €797,337 | €784,087 | ▼ 1.7% |
| Current assets29/58 | €3.4m | €12.4m | €9.6m | ▼ 22.6% |
| Amounts receivable within one year40/41 | €3.3m | €5.2m | €9.6m | ▲ 83.2% |
| Trade receivables40 | €443,917 | €376,822 | €126,311 | ▼ 66.5% |
| Other amounts receivable41 | €2.8m | €4.8m | €9.4m | ▲ 94.9% |
| Cash at bank and in hand54/58 | €75,405 | €7.2m | €20,685 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | €20,082 | €7,139 | €13,954 | ▲ 95.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11.0m | €19.6m | €15.2m | ▼ 22.6% |
| Equity10/15 | €9.3m | €3.6m | €5.8m | ▲ 63.5% |
| Contributions10/11 | €63,916 | €63,916 | €63,916 | = |
| Capital10 | €63,916 | €63,916 | €63,916 | = |
| Issued capital100 | €63,916 | €63,916 | €63,916 | = |
| Reserves13 | €664,705 | €1.9m | €4.2m | ▲ 117% |
| Non-distributable reserves130/1 | €664,705 | €664,705 | €664,705 | = |
| Legal reserve130 | €664,705 | €664,705 | €664,705 | = |
| Tax-exempt reserves132 | - | €1.3m | €3.5m | ▲ 179% |
| Profit (loss) carried forward14 | €8.6m | €1.6m | €1.6m | ▲ 1.2% |
| Provisions and deferred taxes16 | - | €418,980 | €1.2m | ▲ 179% |
| Deferred taxes168 | - | €418,980 | €1.2m | ▲ 179% |
| Amounts payable17/49 | €1.7m | €15.7m | €8.2m | ▼ 47.6% |
| Amounts payable after more than one year17 | €1.4m | €8.0m | €7.5m | ▼ 5.8% |
| Financial debts170/4 | €1.4m | €8.0m | €7.5m | ▼ 5.8% |
| Other amounts payable178/9 | €11,808 | €7,307 | €2,669 | ▼ 63.5% |
| Amounts payable within one year42/48 | €246,468 | €7.6m | €659,895 | ▼ 91.4% |
| Current portion of amounts payable after more than one year42 | €79,522 | €402,867 | €433,963 | ▲ 7.7% |
| Trade debts44 | €153,405 | €191,335 | €120,366 | ▼ 37.1% |
| Suppliers440/4 | €153,405 | €191,335 | €120,366 | ▼ 37.1% |
| Taxes, remuneration and social security45 | €13,541 | €39,552 | €29,702 | ▼ 24.9% |
| Taxes450/3 | €1,139 | €28,887 | €20,311 | ▼ 29.7% |
| Remuneration and social security454/9 | €12,402 | €10,665 | €9,392 | ▼ 11.9% |
| Other amounts payable47/48 | - | €7.0m | €75,863 | ▼ 98.9% |
| Accrued charges and deferred income492/3 | €19,143 | €5,674 | €6,734 | ▲ 18.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,195 | €1.3m | €2.3m | ▲ 76.2% |
| + Depreciation and write-downs630 | €210,918 | €307,528 | €261,498 | ▼ 15.0% |
| Operating cash flow (approximation) | €205,723 | €1.6m | €2.5m | ▲ 58.6% |
| Investment in fixed assets (approximation) | - | €67,200 | €1.4m | ▲ 1,964% |
| Change in cash | - | €7.1m | -€7.1m | ▼ 201% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €2.3m ▲76.2%
Operating result €3.1m, net result €2.3m, both a record.
31-12
Financial
Liquidity times 9current ratio 14.55
Current ratio from 1.62 to 14.55; short-term debt falls from €7.6m to €659,895.
31-12
Financial
Equity above €5mEq €5.8m ▲63.5%
2 profitable years in a row build equity to €5.8m.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €1.3m
Net result €1.3m after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of SIGART and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.