SIGMA SOLUTIONS
ActiveSummary
SIGMA SOLUTIONS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €251,530 and a net result of -€46,985. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-12
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 5.93 against 14.46 in 2023; short-term debt: 13.6% and cash: 14.3% of total assets), and 13.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.4%
Return on assets
-16.1%
Age of the figures
22 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€46,985
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 03-03-2025, 119 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
119 d early
2023
5 d early
2022
7 d early
2021
16 d early
2020
2 d early
2019
2 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€251,530▼ 15.7%
2023 · €298,515
Total assets
€291,147▼ 7.8%
2023 · €315,780
Net result
-€46,985▼ 158%
2023 · -€18,178
Working capital
€195,241▼ 14.3%
2023 · €227,747
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€97,098▲ 366%€57,544▼ 40.7%-€40,902-€17,718▲ 56.7%-€47,033▼ 165%
Net result€64,620above the sector's middle half▲ 430%€15,661within the sector's middle half▼ 75.8%-€46,215below the sector's middle half-€18,178below the sector's middle half▲ 60.7%-€46,985below the sector's middle half▼ 158%
Equity€388,017above the sector's middle half▲ 20.0%€403,678above the sector's middle half▲ 4.0%€316,693above the sector's middle half▼ 21.5%€298,515above the sector's middle half▼ 5.7%€251,530above the sector's middle half▼ 15.7%
Total assets€473,673within the sector's middle half▲ 27.1%€478,812within the sector's middle half▲ 1.1%€365,898within the sector's middle half▼ 23.6%€315,780within the sector's middle half▼ 13.7%€291,147within the sector's middle half▼ 7.8%
Debt€85,656▲ 74.3%€75,134▼ 12.3%€49,205▼ 34.5%€17,264▼ 64.9%€39,617▲ 129%
Working capital€348,061above the sector's middle half▲ 20.8%€362,545above the sector's middle half▲ 4.2%€286,640above the sector's middle half▼ 20.9%€227,747above the sector's middle half▼ 20.5%€195,241above the sector's middle half▼ 14.3%
Solvency81.9%above the sector's middle half▼ 4.9pp84.3%above the sector's middle half▲ 2.4pp86.6%above the sector's middle half▲ 2.2pp94.5%above the sector's middle half▲ 8.0pp86.4%above the sector's middle half▼ 8.1pp
Current ratio5.08above the sector's middle half▼ 1.825.85above the sector's middle half▲ 0.776.90above the sector's middle half▲ 1.0514.46above the sector's middle half▲ 7.575.93above the sector's middle half▼ 8.54
Return on assets (ROA)13.6%within the sector's middle half▲ 10.4pp3.3%within the sector's middle half▼ 10.4pp-12.6%below the sector's middle half▼ 15.9pp-5.8%below the sector's middle half▲ 6.9pp-16.1%below the sector's middle half▼ 10.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €47,033 in 2024 against €17,718 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €291,147
Fixed assets
€56,289 ▼ 20.9%
Current assets
€234,858 ▼ 4.0%
Equity and liabilities €291,147
Equity
€251,530 ▼ 15.7%
Debt
€39,617 ▲ 129%
Debt's share of the balance-sheet total rises from 5.5% to 13.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€32,204▼
2023 · -€7,664
Cash flow
-€32,156▼
2023 · -€8,124
Debt to equity
0.16▲
2023 · 0.06
ROE
-18.7%▼
2023 · -6.1%
Interest coverage
-32.73▼
2023 · -1.12
Debt ≤ 1 year
€39,617▲
2023 · €16,914
Income taxes
€128▼
2023 · €461
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €29,332 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,914 | €21,353 | €10,801 | €10,054 | €14,829 | ▲ 47.5% |
| Other operating charges640/8 | - | €3,040 | €2,341 | €2,435 | €836 | ▼ 65.7% |
| Gross operating margin9900 | €118,192 | €81,938 | -€27,760 | -€5,228 | -€31,368 | ▼ 500% |
| Operating profit (loss)9901 | €97,098 | €57,544 | -€40,902 | -€17,718 | -€47,033 | ▼ 165% |
| Financial income75/76B | - | €1,474 | €2,179 | €6,819 | €1,160 | ▼ 83.0% |
| Recurring financial income75 | €554 | €1,474 | €2,179 | €6,819 | €1,160 | ▼ 83.0% |
| Financial charges65/66B | - | -€1,389 | €4,632 | €6,818 | €984 | ▼ 85.6% |
| Recurring financial charges65 | €5,454 | -€1,389 | €4,632 | €6,818 | €984 | ▼ 85.6% |
| Profit (loss) for the period before taxes9903 | €92,197 | €60,407 | -€43,355 | -€17,717 | -€46,857 | ▼ 164% |
| Income taxes67/77 | €27,577 | €44,745 | €2,860 | €461 | €128 | ▼ 72.2% |
| Profit (loss) for the period9904 | €64,620 | €15,661 | -€46,215 | -€18,178 | -€46,985 | ▼ 158% |
| Transfer from tax-exempt reserves789 | - | €112,531 | €16,846 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €64,620 | €128,192 | -€29,369 | -€18,178 | -€46,985 | ▼ 158% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €473,673 | €478,812 | €365,898 | €315,780 | €291,147 | ▼ 7.8% |
| Fixed assets21/28 | €40,305 | €41,483 | €30,663 | €71,118 | €56,289 | ▼ 20.9% |
| Intangible fixed assets21 | €9,139 | €5,342 | €1,546 | €0 | - | - |
| Tangible fixed assets22/27 | €31,148 | €36,122 | €29,117 | €71,118 | €56,289 | ▼ 20.9% |
| Land and buildings22 | - | €22,814 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | €420 | €20,107 | €23,038 | €19,343 | ▼ 16.0% |
| Furniture and vehicles24 | - | €12,888 | €9,010 | €48,080 | €36,946 | ▼ 23.2% |
| Financial fixed assets28 | €19 | €19 | €0 | - | - | - |
| Current assets29/58 | €433,367 | €437,329 | €335,235 | €244,662 | €234,858 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €52,591 | €14,510 | €1,423 | €1,872 | €565 | ▼ 69.8% |
| Trade receivables40 | - | €7,004 | €0 | - | - | - |
| Other amounts receivable41 | - | €7,506 | €1,423 | €1,872 | €565 | ▼ 69.8% |
| Current investments50/53 | €142,804 | €148,042 | €179,273 | €196,985 | €192,693 | ▼ 2.2% |
| Cash at bank and in hand54/58 | €236,800 | €273,588 | €154,539 | €45,805 | €41,600 | ▼ 9.2% |
| Deferred charges and accrued income490/1 | - | €1,189 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €473,673 | €478,812 | €365,898 | €315,780 | €291,147 | ▼ 7.8% |
| Equity10/15 | €388,017 | €403,678 | €316,693 | €298,515 | €251,530 | ▼ 15.7% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €369,467 | €385,128 | €308,855 | €308,855 | €308,855 | = |
| Non-distributable reserves130/1 | - | €103,855 | €103,855 | €103,855 | €103,855 | = |
| Reserves not available under the articles1311 | - | €103,855 | €103,855 | €103,855 | €103,855 | = |
| Tax-exempt reserves132 | - | €16,846 | €0 | - | - | - |
| Distributable reserves133 | - | €264,427 | €205,000 | €205,000 | €205,000 | = |
| Profit (loss) carried forward14 | - | - | -€10,711 | -€28,889 | -€75,874 | ▼ 163% |
| Amounts payable17/49 | €85,656 | €75,134 | €49,205 | €17,264 | €39,617 | ▲ 129% |
| Amounts payable within one year42/48 | €85,306 | €74,784 | €48,595 | €16,914 | €39,617 | ▲ 134% |
| Trade debts44 | €2,367 | €6,521 | €3,104 | €6,166 | €2,639 | ▼ 57.2% |
| Suppliers440/4 | - | €6,521 | €3,104 | €6,166 | €2,639 | ▼ 57.2% |
| Taxes, remuneration and social security45 | - | €19,770 | €109 | €78 | €70 | ▼ 10.2% |
| Taxes450/3 | - | €19,470 | €67 | €67 | €67 | = |
| Remuneration and social security454/9 | - | €300 | €42 | €11 | €3 | ▼ 71.5% |
| Other amounts payable47/48 | - | €48,493 | €45,382 | €10,670 | €36,908 | ▲ 246% |
| Accrued charges and deferred income492/3 | - | €350 | €610 | €350 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,620 | €15,661 | -€46,215 | -€18,178 | -€46,985 | ▼ 158% |
| + Depreciation and write-downs630 | €17,914 | €21,353 | €10,801 | €10,054 | €14,829 | ▲ 47.5% |
| Operating cash flow (approximation) | €82,533 | €37,015 | -€35,414 | -€8,124 | -€32,156 | ▼ 296% |
| Investment in fixed assets (approximation) | - | -€22,531 | €19 | -€50,509 | €0 | ▲ 100% |
| Change in cash | - | €36,788 | -€119,049 | -€108,734 | -€4,204 | ▲ 96.1% |
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
03-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-11
Financial
Weakest financial yearnet -€46,985
Net result drops to -€46,985, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-11
Financial
Liquidity doublescurrent ratio 14.46
Current ratio from 6.90 to 14.46; short-term debt falls from €48,595 to €16,914.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial
Highest result since 2018net €64,620 ▲430%
Operating result €97,098, net result €64,620, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 2 days late
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-03
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Merelbeke-Melle · 1 establishment unit since 2003
Ground area
3,742 m²
Building footprint
390 m²
Volume, LiDAR
2,949 m³
Parcel 44402A0093/00K000, Flanders · tallest building 17.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SIGMA SOLUTIONS
since 20032.127.108.347
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44402A0093/00K000 | Flanders | 3,742 m² | 1 · 390 m² | 17.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9676001T540K1ELZCL26
Similar companies · same sector, comparable size
Diluca Projects
BE 0791.687.373
Antwerpen · Eq €251,553
CRÉATIQUE
BE 0555.711.614
Lasne · Eq €251,558
PNO CONSULT
BE 0795.303.097
Wavre · Eq €251,569
LEENSTRA
BE 0455.688.182
Zulte · Eq €251,478
AXCE
BE 0688.544.503
Leuven · Eq €251,459
Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,914 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-02-2003
Fiscal year end30-11
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479547709
Also
9925:BE0479547709
Registered
24-11-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.