SIGECO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €84k and a net result of €56k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 5507 sector peers (fiscal year 2025). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
1 d early
2023
30 d late
2022
205 d late
2021
75 d late
2021
32 d early
2020
54 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€84k▲ 202%
2024 · €28k
2019: €22k
2020: €90k
2021: €159k
2021: €206k
2022: €186k
2023: €111k
2024: €28k
2019 → 2025
Net result
€56k
2024 · €-83k
2019: €230k
2020: €68k
2021: €70k
2021: €47k
2022: €-21k
2023: €-75k
2024: €-83k
2019 → 2025
Total assets
€668k▼ 34.2%
2024 · €1.01M
2019: €565k
2020: €767k
2021: €593k
2021: €948k
2022: €1.41M
2023: €1.28M
2024: €1.01M
2019 → 2025
Solvency
12.6%▲ 9.9pp
2024 · 2.8%
2019: 3.8%
2020: 11.7%
2021: 26.8%
2021: 21.8%
2022: 13.1%
2023: 8.7%
2024: 2.8%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€206k-€186k▼ 10.0%€111k▼ 40.2%€28k▼ 74.9%€84k▲ 202%
Operating result€70k-€-8k€-17k▼ 111%€-56k▼ 227%€79k
Net result€47k-€-21k€-75k▼ 262%€-83k▼ 11.3%€56k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €79k after a loss of €56k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668k
Fixed assets
€607k▼ 34.1%
Current assets
€61k▼ 35.0%
Equity and liabilities €668k
Equity
€84k▲ 202%
Debt
€584k▼ 40.8%
The debt ratio falls from 97.2% to 87.4%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
12.6%▲
2024 · 2.8%
ROE
66.9%▲
2024 · -297.9%
ROA
8.4%▲
2024 · -8.2%
Debt
€584k▼
2024 · €986k
Debt ≤ 1 year
€200k▼
2024 · €241k
Debt > 1 year
€382k▼
2024 · €744k
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€1.01M€668k▼
Fixed assets21/28€921k€607k▼
Tangible fixed assets22/27€571k€257k▼
Land and buildings22€568k€257k▼
Plant, machinery and equipment23€3k€0▼
Financial fixed assets28€350k€350k=
Current assets29/58€94k€61k▼
Amounts receivable within one year40/41€91k€58k▼
Trade receivables40€37k€46k▲
Other amounts receivable41€53k€12k▼
Cash at bank and in hand54/58€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.01M€668k▼
Equity10/15€28k€84k▲
Contributions10/11€62k€62k=
Profit (loss) carried forward14€-34k€22k▲
Amounts payable17/49€986k€584k▼
Amounts payable after more than one year17€744k€382k▼
Financial debts170/4€744k€382k▼
Amounts payable within one year42/48€241k€200k▼
Current portion of amounts payable after more than one year42€80k€40k▼
Financial debts43€15k€36k▲
Credit institutions430/8€15k€36k▲
Trade debts44€24k€16k▼
Suppliers440/4€24k€16k▼
Advances received on contracts in progress46€19k€0▼
Other amounts payable47/48€103k€108k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€6k€110k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€9k▼
Other operating charges640/8€6k€15k▲
Non-recurring operating charges66A€30k€0▼
Gross operating margin9900€7k€103k▲
Operating profit (loss)9901€-56k€79k▲
Financial income75/76B€0€12▲
Recurring financial income75€0€12▲
Financial charges65/66B€27k€22k▼
Recurring financial charges65€27k€22k▼
Profit (loss) for the period before taxes9903€-83k€56k▲
Profit (loss) for the period9904€-83k€56k▲
Profit (loss) for the period to be appropriated9905€-83k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€22k▲
Profit (loss) brought forward from the previous period14P€49k€-34k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (23 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €56k
Net result €56k after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 205 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 75 days late
2021
31-12
Financial
Equity above €200kEq €206k ▲29.7%
4 profitable years in a row build equity to €206k.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €150kEq €159k ▲77.8%
3 profitable years in a row build equity to €159k.
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Comines-Warneton · 1 establishment unit since 2015
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.
Industriellaan(Kom) 17780 Comines-WarnetonGround area
3.6 ha
Building footprint
1.0 ha
Volume, LiDAR
83,384 m³
Parcel 54002C1026/00H000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SIGECO
since 20152.246.620.364
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54002C1026/00H000 | Wallonia | 3.6 ha | 1 · 1.0 ha | 9.5 m · 3 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 24,725 companies in sector 64210 we hold annual accounts for 19,754. 11,905 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-1986
Fiscal year end31-12
Abbreviation FR
SI.GE.CO.
Activities, NACEBEL
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 21 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.