SIGMATRON
ActiveSummary
SIGMATRON has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138,159 and a net result of €1,018. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 85% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 4.8 against 6.02 in 2024; short-term debt: 19.3% and cash: 63.4% of total assets), and 20.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
15 d early
2021
1 d late
2020
43 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€138,159▲ 0.1%
2024 · €137,975
Total assets
€172,821▲ 2.0%
2024 · €169,484
Net result
€1,018
2024 · -€2,585
Working capital
€126,580▲ 2.6%
2024 · €123,350
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€28,854▲ 18.9%€23,673▼ 18.0%€14,673▼ 38.0%-€2,630€4,452
Net result€19,542▲ 30.4%€13,403▼ 31.4%€6,979▼ 47.9%-€2,585€1,018
Equity€121,778▲ 18.2%€134,381▲ 10.3%€140,560▲ 4.6%€137,975▼ 1.8%€138,159▲ 0.1%
Total assets€262,811▲ 47.8%€261,171▼ 0.6%€170,095▼ 34.9%€169,484▼ 0.4%€172,821▲ 2.0%
Debt€141,033▲ 88.7%€126,790▼ 10.1%€29,535▼ 76.7%€31,509▲ 6.7%€34,662▲ 10.0%
Working capital€88,642▲ 40.9%€109,755▲ 23.8%€123,274▲ 12.3%€123,350▲ 0.1%€126,580▲ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4,452 after a loss of €2,630 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172,821
Fixed assets
€12,970 ▼ 39.9%
Current assets
€159,851 ▲ 8.1%
Equity and liabilities €172,821
Equity
€138,159 ▲ 0.1%
Debt
€34,662 ▲ 10.0%
Debt's share of the balance-sheet total rises from 18.6% to 20.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,886▲
2024 · €14,429
Cash flow
€11,452▼
2024 · €14,473
Current ratio
4.80▼
2024 · 6.02
Quick ratio
4.13▼
2024 · 5.05
Debt to equity
0.25▲
2024 · 0.23
ROE
0.7%▲
2024 · -1.9%
ROA
0.6%▲
2024 · -1.5%
Interest coverage
8.25▼
2024 · 22.07
Debt ≤ 1 year
€33,271▲
2024 · €24,550
Income taxes
€1,816▲
2024 · €1,517
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 16,986 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,000 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,893 | €16,782 | €16,386 | €17,059 | €10,434 | ▼ 38.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,625 | - |
| Other operating charges640/8 | - | €1,201 | €1,002 | €1,118 | €1,252 | ▲ 11.9% |
| Non-recurring operating charges66A | - | - | - | - | €1,352 | - |
| Gross operating margin9900 | €42,037 | €41,656 | €32,060 | €15,548 | €20,115 | ▲ 29.4% |
| Operating profit (loss)9901 | €28,854 | €23,673 | €14,673 | -€2,630 | €4,452 | ▲ 269% |
| Financial income75/76B | - | €145 | €159 | €2,214 | €186 | ▼ 91.6% |
| Recurring financial income75 | €297 | €145 | €159 | €143 | €186 | ▲ 30.8% |
| Non-recurring financial income76B | - | - | - | €2,072 | - | - |
| Financial charges65/66B | - | €3,869 | €3,688 | €654 | €1,805 | ▲ 176% |
| Recurring financial charges65 | €3,092 | €3,869 | €3,688 | €654 | €1,805 | ▲ 176% |
| Profit (loss) for the period before taxes9903 | €26,059 | €19,949 | €11,143 | -€1,069 | €2,833 | ▲ 365% |
| Income taxes67/77 | €6,518 | €6,546 | €4,164 | €1,517 | €1,816 | ▲ 19.7% |
| Profit (loss) for the period9904 | €19,542 | €13,403 | €6,979 | -€2,585 | €1,018 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €19,542 | €13,403 | €6,979 | -€2,585 | €1,018 | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,811 | €261,171 | €170,095 | €169,484 | €172,821 | ▲ 2.0% |
| Fixed assets21/28 | €65,133 | €49,683 | €34,842 | €21,585 | €12,970 | ▼ 39.9% |
| Tangible fixed assets22/27 | €63,344 | €47,895 | €33,054 | €19,797 | €11,231 | ▼ 43.3% |
| Land and buildings22 | - | €3,364 | €2,129 | €1,061 | €380 | ▼ 64.2% |
| Plant, machinery and equipment23 | - | €850 | €627 | €1,055 | €764 | ▼ 27.6% |
| Furniture and vehicles24 | - | €43,681 | €30,298 | €17,680 | €10,087 | ▼ 42.9% |
| Financial fixed assets28 | €1,788 | €1,788 | €1,788 | €1,788 | €1,738 | ▼ 2.8% |
| Current assets29/58 | €197,678 | €211,488 | €135,253 | €147,899 | €159,851 | ▲ 8.1% |
| Stocks and contracts in progress3 | €25,312 | €22,312 | €17,531 | €23,924 | €22,510 | ▼ 5.9% |
| Stocks30/36 | - | €22,312 | €17,531 | €23,924 | €22,510 | ▼ 5.9% |
| Amounts receivable within one year40/41 | €25,969 | €38,930 | €18,555 | €20,460 | €22,345 | ▲ 9.2% |
| Trade receivables40 | - | €33,498 | €11,617 | €16,685 | €19,092 | ▲ 14.4% |
| Other amounts receivable41 | - | €5,432 | €6,938 | €3,775 | €3,252 | ▼ 13.8% |
| Cash at bank and in hand54/58 | €142,678 | €145,821 | €94,835 | €98,895 | €109,641 | ▲ 10.9% |
| Deferred charges and accrued income490/1 | - | €4,425 | €4,332 | €4,620 | €5,355 | ▲ 15.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,811 | €261,171 | €170,095 | €169,484 | €172,821 | ▲ 2.0% |
| Equity10/15 | €121,778 | €134,381 | €140,560 | €137,975 | €138,159 | ▲ 0.1% |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €67,465 | €80,865 | €87,835 | €87,835 | €87,835 | = |
| Tax-exempt reserves132 | - | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Distributable reserves133 | - | €69,865 | €76,835 | €76,835 | €76,835 | = |
| Profit (loss) carried forward14 | €23,326 | €22,530 | €21,739 | €19,153 | €19,338 | ▲ 1.0% |
| Amounts payable17/49 | €141,033 | €126,790 | €29,535 | €31,509 | €34,662 | ▲ 10.0% |
| Amounts payable after more than one year17 | €29,013 | €21,716 | €14,345 | €6,896 | - | - |
| Financial debts170/4 | - | €21,716 | €14,345 | €6,896 | - | - |
| Amounts payable within one year42/48 | €109,036 | €101,733 | €11,979 | €24,550 | €33,271 | ▲ 35.5% |
| Current portion of amounts payable after more than one year42 | - | €8,546 | €8,623 | €8,714 | €8,161 | ▼ 6.3% |
| Trade debts44 | €21,286 | €4,350 | €597 | €3,339 | €1,118 | ▼ 66.5% |
| Suppliers440/4 | - | €4,350 | €597 | €3,339 | €1,118 | ▼ 66.5% |
| Taxes, remuneration and social security45 | - | €2,379 | €1,959 | €1,920 | - | - |
| Taxes450/3 | - | €2,379 | €1,959 | €1,920 | - | - |
| Other amounts payable47/48 | - | €86,458 | €800 | €10,577 | €23,992 | ▲ 127% |
| Accrued charges and deferred income492/3 | - | €3,340 | €3,211 | €64 | €1,390 | ▲ 2,079% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,542 | €13,403 | €6,979 | -€2,585 | €1,018 | ▲ 139% |
| + Depreciation and write-downs630 | €11,893 | €16,782 | €16,386 | €17,059 | €10,434 | ▼ 38.8% |
| Operating cash flow (approximation) | €31,435 | €30,185 | €23,365 | €14,473 | €11,452 | ▼ 20.9% |
| Investment in fixed assets (approximation) | - | -€1,332 | -€1,545 | -€3,802 | -€1,819 | ▲ 52.2% |
| Change in cash | - | €3,144 | -€50,986 | €4,060 | €10,746 | ▲ 165% |
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
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €1,018
Net result €1,018 after one loss-making year.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet -€2,585
Net result drops to -€2,585, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity times 5current ratio 11.29
Current ratio from 2.08 to 11.29; short-term debt falls from €101,733 to €11,979.
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
01-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
31-03
Financial
Highest result since 2019net €19,542 ▲30.4%
Operating result €28,854, net result €19,542, both a record.
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Equity above €100,000Eq €103,036 ▲16%
2 profitable years in a row build equity to €103,036.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Gent · 1 establishment unit since 1991
Ground area
137 m²
Building footprint
136 m²
Volume, LiDAR
889 m³
Parcel 44362B0076/00V006, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jef Vandermeulenstraat 46, 9050 Gent
since 19912.052.578.594
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0076/00V006 | Flanders | 137 m² | 1 · 136 m² | 12.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 256 EUR awarded · 256 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 256 EUR | 256 EUR |
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Of 77 companies in sector 43214 we hold annual accounts for 31. 25 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
Founded10-04-1991
Fiscal year end31-03
Activities, NACEBEL 2025
43214Specialised construction activities
43211General electrical installation work
80090Investigation and security activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443788955
Also
9925:BE0443788955
Registered
06-05-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.