Summary
SIGMADER 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 €791k and a net result of €213k. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 5547 sector peers (fiscal year 2025). The company has been active since 2018 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
7 d late
2022
33 d early
2021
26 d early
2020
9 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€791k▲ 36.8%
2024 · €578k
Net result
€213k▲ 2.2%
2024 · €208k
Total assets
€1.24M▲ 10.5%
2024 · €1.12M
Solvency
63.8%▲ 12.2pp
2024 · 51.5%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-2k▼ 152%€-2k▲ 23.7%€-2k▼ 5.6%€-1k▲ 45.1%€-1k▼ 7.9%
Net result€48k▼ 62.6%€50k▲ 3.3%€105k▲ 111%€208k▲ 97.3%€213k▲ 2.2%
Equity€215k▲ 29.1%€265k▲ 23.3%€370k▲ 39.8%€578k▲ 56.2%€791k▲ 36.8%
Total assets€936k▲ 0.8%€944k▲ 0.8%€1.01M▲ 6.6%€1.12M▲ 11.5%€1.24M▲ 10.5%
Debt€721k▼ 5.4%€679k▼ 5.9%€636k▼ 6.3%€544k▼ 14.5%€449k▼ 17.4%
Working capital€-9k▲ 33.5%€-4k▲ 56.3%€5k€116k▲ 2,022%€231k▲ 98.3%
Solvency22.9%▲ 5.0pp28.1%▲ 5.1pp36.8%▲ 8.7pp51.5%▲ 14.7pp63.8%▲ 12.2pp
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €1k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€900k =
Current assets
€340k ▲ 53.1%
Equity and liabilities €1.24M
Equity
€791k ▲ 36.8%
Debt
€449k ▼ 17.4%
Debt's share of the balance-sheet total falls from 48.5% to 36.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
26.9%▼
2024 · 36.0%
ROA
17.1%▼
2024 · 18.5%
Debt ≤ 1 year
€109k▲
2024 · €106k
Debt > 1 year
€340k▼
2024 · €438k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €348 | €868 | €960 | €968 | €1k | ▲ 8.4% |
| Gross operating margin9900 | €-2k | €-950 | €-959 | €-85 | €-88 | ▼ 3.1% |
| Operating profit (loss)9901 | €-2k | €-2k | €-2k | €-1k | €-1k | ▼ 7.9% |
| Financial income75/76B | €60k | €60k | €115k | €217k | €220k | ▲ 1.4% |
| Recurring financial income75 | €60k | €60k | €115k | €217k | €220k | ▲ 1.4% |
| Financial charges65/66B | €9k | €8k | €8k | €8k | €7k | ▼ 20.3% |
| Recurring financial charges65 | €9k | €8k | €8k | €8k | €7k | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | €48k | €50k | €105k | €208k | €213k | ▲ 2.2% |
| Profit (loss) for the period9904 | €48k | €50k | €105k | €208k | €213k | ▲ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €48k | €50k | €105k | €208k | €213k | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €936k | €944k | €1.01M | €1.12M | €1.24M | ▲ 10.5% |
| Fixed assets21/28 | €900k | €900k | €900k | €900k | €900k | = |
| Financial fixed assets28 | €900k | €900k | €900k | €900k | €900k | = |
| Current assets29/58 | €36k | €44k | €107k | €222k | €340k | ▲ 53.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €84k | - |
| Other amounts receivable291 | - | - | - | - | €84k | - |
| Amounts receivable within one year40/41 | €881 | €881 | - | €645 | €10k | ▲ 1,515% |
| Other amounts receivable41 | €881 | €881 | - | €645 | €10k | ▲ 1,515% |
| Current investments50/53 | - | - | €25k | €210k | - | - |
| Cash at bank and in hand54/58 | €35k | €43k | €82k | €11k | €246k | ▲ 2,049% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €936k | €944k | €1.01M | €1.12M | €1.24M | ▲ 10.5% |
| Equity10/15 | €215k | €265k | €370k | €578k | €791k | ▲ 36.8% |
| Contributions10/11 | €45k | €45k | €45k | €45k | €45k | = |
| Profit (loss) carried forward14 | €170k | €220k | €325k | €533k | €746k | ▲ 39.9% |
| Amounts payable17/49 | €721k | €679k | €636k | €544k | €449k | ▼ 17.4% |
| Amounts payable after more than one year17 | €676k | €631k | €535k | €438k | €340k | ▼ 22.4% |
| Financial debts170/4 | €623k | €578k | €482k | €385k | €287k | ▼ 25.5% |
| Other amounts payable178/9 | €53k | €53k | €53k | €53k | €53k | = |
| Amounts payable within one year42/48 | €45k | €48k | €101k | €106k | €109k | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | €44k | €45k | €96k | €97k | €98k | ▲ 1.2% |
| Other amounts payable47/48 | €2k | €3k | €5k | €9k | €11k | ▲ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €50k | €105k | €208k | €213k | ▲ 2.2% |
| Operating cash flow (approximation) | €48k | €50k | €105k | €208k | €213k | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €8k | €38k | €-70k | €234k | ▲ 434% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Highest result since 2019net €213k ▲2.2%
Net result €213k, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Equity above €500kEq €578k ▲56.2%
5 profitable years in a row build equity to €578k.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 7 days late
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €215k ▲29.1%
2 profitable years in a row build equity to €215k.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €129k
Net result €129k after one loss-making year.
31-12
Financial
Equity above €150kEq €166k ▲349%
Equity rises from €37k to €166k.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 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, Estaimpuis · 1 establishment unit since 2019
Ground area
878 m²
Building footprint
96 m²
Volume, LiDAR
813 m³
Parcel 57058A0383/00M000, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SIGMADER
since 20192.283.263.303
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57058A0383/00M000 | Wallonia | 878 m² | 1 · 96 m² | 10.6 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.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,176 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
Founded20-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.