Sigma Tech Solutions
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 04-06-2026 PDF all 14 filings
Turnover
≈ €330,000
Estimated: probably between €120,000 and €940,000
Total assets
€34,774▼ 44.6%
2024 · €62,718
Net result
-€27,090▲ 33.5%
2024 · -€40,763
Working capital
-€111,860▼ 1.1%
2024 · -€110,595
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€23,633
▲ 39.6%
2025
20182025
Net result
-€27,090
▲ 33.5%
2025
lowest quarter of the sector
20182025
Equity
-€103,571
▼ 35.4%
2025
lowest quarter of the sector
20182025
Total assets
€34,774
▼ 44.6%
2025
lowest quarter of the sector
20182025
Debt
€138,345
▼ 0.6%
2025
20182025
Working capital
-€111,860
▼ 1.1%
2025
lowest quarter of the sector
20182025
Solvency
-297.8%
▼ 175.9pp
2025
lowest quarter of the sector
20182025
Current ratio
0.05
▼ 0.02
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-77.9%
▼ 12.9pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€25,698--€16,797▲ 34.6%-€14,360▲ 14.5%€14,351-€11,040-€57,784▼ 423%-€39,124▲ 32.3%-€23,633▲ 39.6%
Net result-€31,455--€21,442▲ 31.8%-€18,618below the sector's middle half▲ 13.2%€12,247within the sector's middle half-€13,373below the sector's middle half-€59,688below the sector's middle half▼ 346%-€40,763below the sector's middle half▲ 31.7%-€27,090below the sector's middle half▲ 33.5%
Equity€65,157-€43,715▼ 32.9%€25,097within the sector's middle half▼ 42.6%€37,344within the sector's middle half▲ 48.8%€23,971within the sector's middle half▼ 35.8%-€35,717below the sector's middle half-€76,481below the sector's middle half▼ 114%-€103,571below the sector's middle half▼ 35.4%
Total assets€263,932-€230,717▼ 12.6%€185,738within the sector's middle half▼ 19.5%€187,332within the sector's middle half▲ 0.9%€176,447within the sector's middle half▼ 5.8%€95,113within the sector's middle half▼ 46.1%€62,718below the sector's middle half▼ 34.1%€34,774below the sector's middle half▼ 44.6%
Debt€198,775-€187,002▼ 5.9%€160,641▼ 14.1%€149,988▼ 6.6%€152,476▲ 1.7%€130,831▼ 14.2%€139,199▲ 6.4%€138,345▼ 0.6%
Working capital-€59,722--€66,220▼ 10.9%-€77,557below the sector's middle half▼ 17.1%-€51,292below the sector's middle half▲ 33.9%-€59,126below the sector's middle half▼ 15.3%-€96,310below the sector's middle half▼ 62.9%-€110,595below the sector's middle half▼ 14.8%-€111,860below the sector's middle half▼ 1.1%
Solvency24.7%-18.9%▼ 5.7pp13.5%within the sector's middle half▼ 5.4pp19.9%within the sector's middle half▲ 6.4pp13.6%within the sector's middle half▼ 6.3pp-37.6%below the sector's middle half▼ 51.1pp-121.9%below the sector's middle half▼ 84.4pp-297.8%below the sector's middle half▼ 175.9pp
Current ratio0.49-0.50▲ 0.010.38below the sector's middle half▼ 0.120.59below the sector's middle half▲ 0.220.55below the sector's middle half▼ 0.040.13below the sector's middle half▼ 0.420.07below the sector's middle half▼ 0.060.05below the sector's middle half▼ 0.02
Return on assets (ROA)-11.9%--9.3%▲ 2.6pp-10.0%below the sector's middle half▼ 0.7pp6.5%within the sector's middle half▲ 16.6pp-7.6%below the sector's middle half▼ 14.1pp-62.8%below the sector's middle half▼ 55.2pp-65.0%below the sector's middle half▼ 2.2pp-77.9%below the sector's middle half▼ 12.9pp
Staff (FTE)0.9-0.9within the sector's middle half1▲ 11.1%1=0.2▼ 80.0%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €23,633, smaller than the loss of €39,124 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,774
Fixed assets
€28,289 ▼ 47.5%
Current assets
€6,485 ▼ 24.6%
Equity and liabilities
Equity-€103,571
Debt€138,345
Equity is negative. Debt (€138,345) exceeds the balance-sheet total (€34,774).
Key figures and ratios
EBITDA
€597▲
2024 · -€12,646
Cash flow
-€2,860▲
2024 · -€14,285
Quick ratio
0.03▲
2024 · 0.03
Interest coverage
0.20▲
2024 · -7.71
Debt ≤ 1 year
€118,345▼
2024 · €119,199
Debt > 1 year
€20,000=
2024 · €20,000
Income taxes
€527
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| part-time | 1 | 1 | - |
| in full-time equivalents | 0.9 | 0.9 | - |
| Average over the year, in full-time equivalents | 0.9 | 0.9 | 0.1 |
| On a permanent contract | 1 | 1 | - |
| Joined | - | - | 0 |
| Left | - | - | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,245 | €20,323 | €3,298 | - | - |
| Financial fixed assets | - | - | - | - | €60 |
| Depreciation and write-downs of the year | €31,041 | €29,545 | €26,886 | €26,478 | €24,230 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €12,500 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €48,936 | €43,665 | €16,864 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,362 | €36,409 | €31,369 | €31,041 | €29,545 | €26,886 | €26,478 | €24,230 | ▼ 8.5% |
| Other operating charges640/8 | - | - | - | €6,355 | €7,027 | €20,738 | €23,298 | €10,204 | ▼ 56.2% |
| Gross operating margin9900 | €61,429 | €61,764 | €93,168 | €100,683 | €69,197 | €6,704 | €10,652 | €10,801 | ▲ 1.4% |
| Operating profit (loss)9901 | -€25,698 | -€16,797 | -€14,360 | €14,351 | -€11,040 | -€57,784 | -€39,124 | -€23,633 | ▲ 39.6% |
| Financial income75/76B | - | - | - | €15 | €445 | €6 | €0 | €28 | ▲ 2,807× |
| Recurring financial income75 | €28 | €9 | €7 | €15 | €445 | €6 | €0 | €28 | ▲ 2,807× |
| Financial charges65/66B | - | - | - | €2,119 | €2,779 | €1,911 | €1,639 | €2,958 | ▲ 80.5% |
| Recurring financial charges65 | €5,785 | €4,655 | €4,265 | €2,119 | €2,779 | €1,911 | €1,639 | €2,958 | ▲ 80.5% |
| Profit (loss) for the period before taxes9903 | -€31,455 | -€21,442 | -€18,618 | €12,247 | -€13,373 | -€59,688 | -€40,763 | -€26,563 | ▲ 34.8% |
| Income taxes67/77 | - | - | - | - | - | - | - | €527 | - |
| Profit (loss) for the period9904 | -€31,455 | -€21,442 | -€18,618 | €12,247 | -€13,373 | -€59,688 | -€40,763 | -€27,090 | ▲ 33.5% |
| Profit (loss) for the period to be appropriated9905 | -€31,455 | -€21,442 | -€18,618 | €12,247 | -€13,373 | -€59,688 | -€40,763 | -€27,090 | ▲ 33.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €263,932 | €230,717 | €185,738 | €187,332 | €176,447 | €95,113 | €62,718 | €34,774 | ▼ 44.6% |
| Formation expenses20 | - | - | - | - | - | €763 | €221 | - | - |
| Fixed assets21/28 | €206,460 | €164,769 | €139,115 | €112,319 | €103,097 | €79,830 | €53,893 | €28,289 | ▼ 47.5% |
| Intangible fixed assets21 | €1 | €1 | €1 | €1 | €1 | €1 | €1 | €1 | = |
| Tangible fixed assets22/27 | €206,148 | €164,456 | €138,802 | €112,006 | €102,784 | €79,517 | €53,581 | €27,916 | ▼ 47.9% |
| Land and buildings22 | - | - | - | €83,271 | €64,138 | €48,797 | €31,193 | €13,590 | ▼ 56.4% |
| Plant, machinery and equipment23 | - | - | - | €21,452 | €33,269 | €27,210 | €20,182 | €13,223 | ▼ 34.5% |
| Furniture and vehicles24 | - | - | - | €1,768 | €966 | €201 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €5,514 | €4,411 | €3,309 | €2,206 | €1,103 | ▼ 50.0% |
| Financial fixed assets28 | €312 | €312 | €312 | €312 | €312 | €312 | €312 | €372 | ▲ 19.2% |
| Current assets29/58 | €57,471 | €65,948 | €46,624 | €75,014 | €73,350 | €14,520 | €8,604 | €6,485 | ▼ 24.6% |
| Stocks and contracts in progress3 | €10,926 | €11,441 | €11,919 | €20,875 | €22,904 | €5,021 | €5,426 | €3,100 | ▼ 42.9% |
| Stocks30/36 | - | - | - | €20,875 | €22,904 | €5,021 | €5,426 | €3,100 | ▼ 42.9% |
| Amounts receivable within one year40/41 | €42,619 | €52,178 | €20,811 | €30,352 | €44,775 | €9,328 | €2,695 | €3,057 | ▲ 13.4% |
| Trade receivables40 | - | - | - | €26,033 | €27,720 | €9,328 | €2,685 | €1,483 | ▼ 44.8% |
| Other amounts receivable41 | - | - | - | €4,319 | €17,055 | - | €10 | €1,574 | ▲ 157× |
| Cash at bank and in hand54/58 | €1,144 | €312 | €11,551 | €21,014 | €303 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €2,773 | €5,368 | €171 | €482 | €329 | ▼ 31.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €263,932 | €230,717 | €185,738 | €187,332 | €176,447 | €95,113 | €62,718 | €34,774 | ▼ 44.6% |
| Equity10/15 | €65,157 | €43,715 | €25,097 | €37,344 | €23,971 | -€35,717 | -€76,481 | -€103,571 | ▼ 35.4% |
| Contributions10/11 | €203,000 | €203,000 | - | €203,000 | €203,000 | €203,000 | €203,000 | €203,000 | = |
| Reserves13 | €3,475 | €3,475 | €3,475 | €3,475 | €3,475 | €3,475 | €3,475 | €3,475 | = |
| Non-distributable reserves130/1 | - | - | - | €3,475 | €3,475 | €3,475 | €3,475 | €3,475 | = |
| Reserves not available under the articles1311 | - | - | - | €3,475 | €3,475 | €3,475 | €3,475 | €3,475 | = |
| Profit (loss) carried forward14 | -€141,318 | -€162,760 | -€181,378 | -€169,131 | -€182,504 | -€242,192 | -€282,956 | -€310,046 | ▼ 9.6% |
| Amounts payable17/49 | €198,775 | €187,002 | €160,641 | €149,988 | €152,476 | €130,831 | €139,199 | €138,345 | ▼ 0.6% |
| Amounts payable after more than one year17 | €81,582 | €54,834 | €36,461 | €23,682 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Financial debts170/4 | - | - | - | €3,682 | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Amounts payable within one year42/48 | €117,193 | €132,168 | €124,180 | €126,306 | €132,476 | €110,831 | €119,199 | €118,345 | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,215 | - | - | - | €2,083 | - |
| Financial debts43 | - | - | - | €11,614 | €14,773 | €9,732 | €9,401 | €11,077 | ▲ 17.8% |
| Credit institutions430/8 | - | - | - | €11,614 | €14,773 | €9,732 | €9,401 | €11,077 | ▲ 17.8% |
| Trade debts44 | €10,497 | €11,857 | €13,346 | €11,806 | €24,313 | €2,829 | €3,756 | €2,404 | ▼ 36.0% |
| Suppliers440/4 | - | - | - | €11,806 | €24,313 | €2,829 | €3,756 | €2,404 | ▼ 36.0% |
| Taxes, remuneration and social security45 | - | - | - | €23,584 | €7,925 | €3,450 | €757 | €619 | ▼ 18.2% |
| Taxes450/3 | - | - | - | €10,560 | €550 | €2,779 | €757 | €619 | ▼ 18.2% |
| Remuneration and social security454/9 | - | - | - | €13,024 | €7,375 | €670 | - | - | - |
| Other amounts payable47/48 | - | - | - | €67,087 | €85,465 | €94,820 | €105,285 | €102,162 | ▼ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,455 | -€21,442 | -€18,618 | €12,247 | -€13,373 | -€59,688 | -€40,763 | -€27,090 | ▲ 33.5% |
| + Depreciation and write-downs630 | €39,362 | €36,409 | €31,369 | €31,041 | €29,545 | €26,886 | €26,478 | €24,230 | ▼ 8.5% |
| Operating cash flow (approximation) | €7,906 | €14,967 | €12,752 | €43,288 | €16,172 | -€32,802 | -€14,285 | -€2,860 | ▲ 80.0% |
| Investment in fixed assets (approximation) | - | €5,282 | -€5,716 | -€4,245 | -€20,323 | -€3,619 | -€542 | €1,375 | - |
| Change in cash | - | -€833 | €11,240 | €9,463 | -€20,711 | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as Sigma Tech Solutions has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.5%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Sigma Tech Solutions itself: 1.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for Sigma Tech Solutions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00146977 | |
| 31-12-2024 | micro format | 18-06-2025 | 2025-00189714 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00196979 | |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00225775 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20073555 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-52700203 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-38900596 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-41900360 | |
| 31-12-2017 | micro format | 21-08-2018 | 2018-48300230 | |
| 31-12-2016 | micro format | 05-08-2017 | 2017-42800176 |