Signpost
ActiveSummary
Signpost has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.1m and a net result of €228,580. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 31% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-16
Solvency53▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.89 in 2024; short-term debt: 71.9% and cash: 0.1% of total assets), and 71.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.1%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 5 filingsDeviation from the deadline
2025
18 d early
2024
99 d late
2023
22 d early
2022
74 d late
2021
72 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€4.4m
EBIT margin
-3.5%
Net result
€228,580▼ 96.0%
2024 · €5.7m
Working capital
-€1.5m▲ 22.1%
2024 · -€1.9m
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
Turnover€4.4m
Operating result-€221,492--€432,218▼ 95.1%-€154,994▲ 64.1%-€122,592▲ 20.9%€279,965
Net result-€221,659--€469,411▼ 112%-€337,072▲ 28.2%€5.7m€228,580▼ 96.0%
EBIT margin-3.5%
Equity€4.0m-€3.5m▼ 11.8%€3.2m▼ 9.6%€4.8m▲ 52.3%€5.1m▲ 4.7%
Total assets€4.3m-€7.6m▲ 76.9%€9.1m▲ 19.0%€21.4m▲ 135%€18.0m▼ 15.9%
Debt€346,695-€4.1m▲ 1,094%€5.9m▲ 43.3%€16.5m▲ 179%€12.9m▼ 21.9%
Working capital-€206,672--€682,441▼ 230%-€1.1m▼ 56.2%-€1.9m▼ 76.1%-€1.5m▲ 22.1%
Staff (FTE)4.3-13.7▲ 219%15▲ 9.5%13.6▼ 9.3%14▲ 2.9%
Why a figure moved sharply
- 2025 Net result -96% on 2024. Cause not known from the registers.
- 2024 Equity +52%, Total assets +135% on 2023. Cause not known from the registers.
- 2022 Net result -112%, Total assets +77%, Staff (FTE) +219% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €279,965 after a loss of €122,592 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.0m
Fixed assets
€6.5m ▼ 2.7%
Current assets
€11.5m ▼ 21.8%
Equity and liabilities €18.0m
Equity
€5.1m ▲ 4.7%
Debt
€12.9m ▼ 21.9%
Debt's share of the balance-sheet total falls from 77.4% to 71.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€517,108▲
2024 · -€69,785
Cash flow
€465,723▼
2024 · €5.7m
Current ratio
0.89=
2024 · 0.89
Debt to equity
2.56▼
2024 · 3.43
ROE
4.5%▼
2024 · 117.2%
ROA
1.3%▼
2024 · 26.5%
Interest coverage
1.69▲
2024 · -0.14
Debt ≤ 1 year
€12.9m▼
2024 · €16.5m
Staff costs
€1.4m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,365 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
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 0.9% 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 2,365 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €4.4m | €4.3m | €5.9m | ▲ 37.4% |
| Turnover70 | - | - | €4.4m | - | - | - |
| Other operating income74 | - | - | - | €4.3m | €5.9m | ▲ 37.7% |
| Non-recurring operating income76A | - | - | - | €8,417 | - | - |
| Operating charges60/66A | - | - | €4.5m | €4.4m | €5.6m | ▲ 27.2% |
| Services and other goods61 | - | - | €3.2m | €3.3m | €4.0m | ▲ 21.4% |
| Remuneration, social security and pensions62 | €149,746 | €1.2m | €1.3m | €1.1m | €1.4m | ▲ 27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,588 | €12,359 | €19,392 | €52,807 | €237,143 | ▲ 349% |
| Other operating charges640/8 | €224 | €3,525 | €645 | €6,569 | €24,861 | ▲ 278% |
| Gross operating margin9900 | -€62,934 | €764,474 | - | - | - | - |
| Operating profit (loss)9901 | -€221,492 | -€432,218 | -€154,994 | -€122,592 | €279,965 | ▲ 328% |
| Financial income75/76B | - | €100 | €3,234 | €6.3m | €260,407 | ▼ 95.9% |
| Recurring financial income75 | - | €100 | €3,234 | €6.3m | €260,407 | ▼ 95.9% |
| Income from financial fixed assets750 | - | - | - | €6.0m | - | - |
| Income from current assets751 | - | - | €3,234 | €293,092 | €260,354 | ▼ 11.2% |
| Other financial income752/9 | - | - | - | €458 | €53 | ▼ 88.4% |
| Financial charges65/66B | €167 | €37,293 | €182,340 | €515,211 | €311,792 | ▼ 39.5% |
| Recurring financial charges65 | €167 | €37,293 | €182,340 | €515,211 | €311,792 | ▼ 39.5% |
| Debt charges650 | - | - | €182,340 | €509,768 | €306,593 | ▼ 39.9% |
| Other financial charges652/9 | - | - | - | €5,443 | €5,199 | ▼ 4.5% |
| Profit (loss) for the period before taxes9903 | -€221,659 | -€469,411 | -€334,100 | €5.7m | €228,580 | ▼ 96.0% |
| Income taxes67/77 | - | - | €2,972 | - | - | - |
| Taxes670/3 | - | - | €2,972 | - | - | - |
| Profit (loss) for the period9904 | -€221,659 | -€469,411 | -€337,072 | €5.7m | €228,580 | ▼ 96.0% |
| Profit (loss) for the period to be appropriated9905 | -€221,659 | -€469,411 | -€337,072 | €5.7m | €228,580 | ▼ 96.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €7.6m | €9.1m | €21.4m | €18.0m | ▼ 15.9% |
| Formation expenses20 | €31,156 | €22,244 | €13,332 | €4,395 | - | - |
| Fixed assets21/28 | €4.2m | €4.2m | €4.2m | €6.7m | €6.5m | ▼ 2.7% |
| Intangible fixed assets21 | - | €5,542 | €3,075 | €180,867 | €148,647 | ▼ 17.8% |
| Tangible fixed assets22/27 | €3,066 | €12,344 | €70,019 | €1.0m | €897,905 | ▼ 14.2% |
| Plant, machinery and equipment23 | - | - | - | €5,044 | €2,711 | ▼ 46.3% |
| Furniture and vehicles24 | - | €8,888 | €22,186 | €16,960 | €172,743 | ▲ 919% |
| Other tangible fixed assets26 | €3,066 | €3,456 | €47,833 | €46,460 | €722,451 | ▲ 1,455% |
| Assets under construction and advance payments27 | - | - | - | €978,639 | - | - |
| Financial fixed assets28 | €4.1m | €4.1m | €4.1m | €5.5m | €5.5m | = |
| Affiliated companies280/1 | - | - | €4.1m | €5.5m | €5.5m | = |
| Participating interests280 | - | - | €4.1m | €5.5m | €5.5m | = |
| Other financial fixed assets284/8 | - | - | - | €225 | €227 | ▲ 0.9% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €225 | €227 | ▲ 0.9% |
| Current assets29/58 | €139,573 | €3.5m | €4.9m | €14.7m | €11.5m | ▼ 21.8% |
| Amounts receivable after more than one year29 | - | - | - | €297,388 | €232,500 | ▼ 21.8% |
| Other amounts receivable291 | - | - | - | €297,388 | €232,500 | ▼ 21.8% |
| Amounts receivable within one year40/41 | €135,644 | €3.4m | €4.6m | €14.2m | €11.1m | ▼ 22.1% |
| Trade receivables40 | €103,122 | €2.9m | €4.4m | €2.6m | €2.7m | ▲ 3.7% |
| Other amounts receivable41 | €32,522 | €529,815 | €196,123 | €11.6m | €8.4m | ▼ 27.9% |
| Cash at bank and in hand54/58 | €3,929 | €47,420 | €292,494 | €46,897 | €13,972 | ▼ 70.2% |
| Deferred charges and accrued income490/1 | - | €14,986 | €7,157 | €100,469 | €142,726 | ▲ 42.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €7.6m | €9.1m | €21.4m | €18.0m | ▼ 15.9% |
| Equity10/15 | €4.0m | €3.5m | €3.2m | €4.8m | €5.1m | ▲ 4.7% |
| Contributions10/11 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Capital10 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Issued capital100 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Reserves13 | - | - | - | €231,380 | €231,380 | = |
| Non-distributable reserves130/1 | - | - | - | €231,380 | - | - |
| Legal reserve130 | - | - | - | €231,380 | - | - |
| Distributable reserves133 | - | - | - | - | €231,380 | - |
| Profit (loss) carried forward14 | -€221,659 | -€691,070 | -€1.0m | €396,225 | €624,805 | ▲ 57.7% |
| Amounts payable17/49 | €346,695 | €4.1m | €5.9m | €16.5m | €12.9m | ▼ 21.9% |
| Amounts payable within one year42/48 | €346,245 | €4.1m | €5.9m | €16.5m | €12.9m | ▼ 21.9% |
| Trade debts44 | €50,251 | €621,595 | €689,563 | €1.1m | €2.3m | ▲ 106% |
| Suppliers440/4 | €50,251 | €621,595 | €689,563 | €1.1m | €2.3m | ▲ 106% |
| Taxes, remuneration and social security45 | €65,994 | €162,783 | €258,516 | €195,163 | €235,942 | ▲ 20.9% |
| Taxes450/3 | - | - | €39,624 | - | - | - |
| Remuneration and social security454/9 | €65,994 | €162,783 | €218,892 | €195,163 | €235,942 | ▲ 20.9% |
| Other amounts payable47/48 | €230,000 | €3.4m | €5.0m | €15.2m | €10.4m | ▼ 31.7% |
| Accrued charges and deferred income492/3 | €450 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€221,659 | -€469,411 | -€337,072 | €5.7m | €228,580 | ▼ 96.0% |
| + Depreciation and write-downs630 | €8,588 | €12,359 | €19,392 | €52,807 | €237,143 | ▲ 349% |
| Operating cash flow (approximation) | -€213,071 | -€457,052 | -€317,680 | €5.7m | €465,723 | ▼ 91.8% |
| Investment in fixed assets (approximation) | - | -€27,179 | -€74,600 | -€2.5m | -€55,727 | ▲ 97.8% |
| Change in cash | - | €43,491 | €245,074 | -€245,597 | -€32,925 | ▲ 86.6% |
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
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €5mEq €5.1m ▲4.7%
2 profitable years in a row build equity to €5.1m.
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 99 days late
2024
31-12
Financial
Back to profitnet €5.7m
Net result €5.7m after 3 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 74 days late
2022
31-12
Financial
Weakest financial yearnet -€469,411
Net result drops to -€469,411, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Lokeren · 1 establishment unit since 2020
Ground area
1.1 ha
Building footprint
6,477 m²
Parcel 46384D0699/00H000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Signpost
since 20202.302.883.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384D0699/00H000indicative | Flanders | 1.1 ha | 1 · 6,477 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 4 holdingsChain of control
- SGNPST
- Signpost
Highest known parent: SGNPST. The sources do not say who stands above it.
Owners 1
- SGNPSTparentSourceaccounts SGNPST 2025100%
Holdings 4
-
100%
-
100%
-
100%
-
75%
According to the 2025 annual accounts of Signpost and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 5,520 EUR awarded · 5,520 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 5,520 EUR | 5,520 EUR |
Schemes
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Of 2,119 companies in sector 46500 we hold annual accounts for 1,403. 439 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
64210Activities of holding companies
Contact
E-mail
board@signpost.eu
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746851005
Registered
30-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.