SIGASI
ActiveSIGASI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.62M and a net result of €12k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 2672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
81
/ 100
Excellent▼ -12 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability4▼-61
Solvency100▲+1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 5.13 in 2023), and 34.7% 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
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
65.3%
Return on assets
0.5%
Age of the figures
11 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2023
62 d early
2022
39 d early
2021
52 d early
2020
53 d early
2019
66 d early
2018
63 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€1.62M▲ 0.7%
2023 · €1.61M
2018: €592k
2019: €647k
2020: €1.15M
2021: €1.17M
2022: €1.40M
2023: €1.61M
2018 → 2025
Total assets
€2.48M▼ 6.6%
2023 · €2.65M
2018: €703k
2019: €1.21M
2020: €1.57M
2021: €1.43M
2022: €1.91M
2023: €2.65M
2018 → 2025
Net result
€12k▼ 94.4%
2023 · €208k
2018: €138k
2019: €55k
2020: €506k
2021: €12k
2022: €234k
2023: €208k
2018 → 2025
Working capital
€958k▼ 50.9%
2023 · €1.95M
2018: €530k
2019: €986k
2020: €1.31M
2021: €1.12M
2022: €1.49M
2023: €1.95M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€1.15M-€1.17M▲ 1.1%€1.40M▲ 20.1%€1.61M▲ 14.9%€1.62M▲ 0.7%
Operating result€544k-€8k▼ 98.6%€216k▲ 2,737%€217k▲ 0.3%€47k▼ 78.2%
Net result€506k-€12k▼ 97.5%€234k▲ 1,784%€208k▼ 11.2%€12k▼ 94.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 78% below 2023.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €2.48M
Fixed assets
€1.04M▲ 353%
Current assets
€1.44M▼ 40.6%
Equity and liabilities €2.48M
Equity
€1.62M▲ 0.7%
Debt
€861k▼ 17.7%
The debt ratio falls from 39.4% to 34.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€286k▲
2023 · €261k
Cash flow
€251k▼
2023 · €253k
Solvency
65.3%▲
2023 · 60.6%
Current ratio
2.98▼
2023 · 5.13
Quick ratio
2.98▼
2023 · 5.13
Debt / equity
0.53▼
2023 · 0.65
ROE
0.7%▼
2023 · 13.0%
ROA
0.5%▼
2023 · 7.8%
Interest coverage
2.21▼
2023 · 11.02
Debt
€861k▼
2023 · €1.05M
Debt ≤ 1 year
€484k▲
2023 · €473k
Income taxes
€-2k▼
2023 · €7k
Staff costs
€2.06M▲
2023 · €1.00M
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€2.65M€2.48M▼
Fixed assets21/28€229k€1.04M▲
Intangible fixed assets21€209k€1.01M▲
Tangible fixed assets22/27€14k€23k▲
Furniture and vehicles24€12k€22k▲
Other tangible fixed assets26€3k€1k▼
Financial fixed assets28€6k€7k▲
Current assets29/58€2.43M€1.44M▼
Amounts receivable within one year40/41€1.17M€734k▼
Trade receivables40€1.13M€704k▼
Other amounts receivable41€40k€30k▼
Current investments50/53€160k€350k▲
Cash at bank and in hand54/58€1.04M€317k▼
Deferred charges and accrued income490/1€51k€41k▼
Equity and liabilities
Total equity and liabilities10/49€2.65M€2.48M▼
Equity10/15€1.61M€1.62M▲
Contributions10/11€518k€518k=
Capital10€518k€518k=
Issued capital100€518k€518k=
Reserves13€52k€162k▲
Non-distributable reserves130/1€52k€162k▲
Legal reserve130€52k€52k=
Own shares acquired1312-€110k
Profit (loss) carried forward14€1.04M€940k▼
Amounts payable17/49€1.05M€861k▼
Amounts payable within one year42/48€473k€484k▲
Trade debts44€360k€265k▼
Suppliers440/4€360k€265k▼
Taxes, remuneration and social security45€113k€219k▲
Taxes450/3€8k€8k▲
Remuneration and social security454/9€105k€211k▲
Accrued charges and deferred income492/3€574k€378k▼
Income statement
Code20232025
Non-recurring operating income76A€1-
Remuneration, social security and pensions62€1.00M€2.06M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€239k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€1.26M€2.35M▲
Operating profit (loss)9901€217k€47k▼
Financial income75/76B€22k€92k▲
Recurring financial income75€22k€92k▲
Financial charges65/66B€24k€130k▲
Recurring financial charges65€24k€130k▲
Profit (loss) for the period before taxes9903€215k€9k▼
Income taxes67/77€7k€-2k▼
Profit (loss) for the period9904€208k€12k▼
Profit (loss) for the period to be appropriated9905€208k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.05M€1.05M▲
Profit (loss) brought forward from the previous period14P€837k€1.04M▲
Transfer to equity691/2€7k€110k▲
To the legal reserve6920€7k-
To other reserves6921-€110k
Social balance
Average headcount (FTE)90879.711.4▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €12k ▼94.4%
Net result drops to €12k, the lowest in the series.
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €506k ▲821%
Operating result €544k, net result €506k, both a record.
31-12
Financial
Equity above €1MEq €1.15M ▲78.3%
3 profitable years in a row build equity to €1.15M.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 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, Gent · 1 establishment unit since 2008
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.
Kerkstraat 1089050 GentGround area
3,095 m²
Building footprint
2,335 m²
Volume, LiDAR
17,095 m³
Parcel 44362B0014/00G002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kerkstraat 108, 9050 Gent
since 20082.168.652.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0014/00G002 | Flanders | 3,095 m² | 1 · 2,335 m² | 9.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 12 entries · 351,801 EUR awarded · 351,790 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | -12,290 EUR | 55,099 EUR |
| 2024 | 2 | 7,734 EUR | 7,648 EUR |
| 2023 | 3 | 12,472 EUR | 146,472 EUR |
| 2022 | 3 | 343,885 EUR | 142,571 EUR |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,119 companies in sector 46500 we hold annual accounts for 1,399. 759 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-02-2008
Fiscal year end30-09
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.