SIGOCO
ActiveSummary
SIGOCO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €348k and a net result of €13k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 58% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-29
Solvency66▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2023; short-term debt: 54.3% and cash: 0.2% of total assets), and 59.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
29 d late
2022
9 d late
2021
26 d late
2020
49 d early
2019
71 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€348k▲ 3.7%
2023 · €335k
Total assets
€857k▼ 0.5%
2023 · €861k
Net result
€13k▲ 134%
2023 · €5k
Working capital
€-463k▼ 26.6%
2023 · €-366k
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
Line20202021202220232024
Operating result€-44k▼ 1,051%€-16k▲ 63.1%€-2k▲ 87.0%€6k€11k▲ 86.3%
Net result€-46k▼ 1,030%€-21k▲ 54.4%€-2k▲ 88.8%€5k€13k▲ 134%
Equity€353k▼ 11.5%€332k▼ 5.9%€330k▼ 0.7%€335k▲ 1.6%€348k▲ 3.7%
Total assets€726k▲ 6.7%€888k▲ 22.4%€870k▼ 2.1%€861k▼ 1.0%€857k▼ 0.5%
Debt€372k▲ 32.7%€556k▲ 49.2%€540k▼ 2.9%€526k▼ 2.6%€509k▼ 3.2%
Working capital€-274k▼ 132%€-343k▼ 25.2%€-362k▼ 5.7%€-366k▼ 0.9%€-463k▼ 26.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 86% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €857k
Fixed assets
€855k ▼ 0.6%
Current assets
€2k ▲ 105%
Equity and liabilities €857k
Equity
€348k ▲ 3.7%
Debt
€509k ▼ 3.2%
Debt's share of the balance-sheet total falls from 61.1% to 59.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2023 · €13k
Cash flow
€18k▲
2023 · €13k
Current ratio
0.00▲
2023 · 0.00
Debt to equity
1.46▼
2023 · 1.57
ROE
3.6%▲
2023 · 1.6%
ROA
1.5%▲
2023 · 0.6%
Interest coverage
-10.04▼
2023 · 26.74
Debt ≤ 1 year
€465k▲
2023 · €367k
Debt > 1 year
€44k▼
2023 · €159k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €438 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €8k | €16k | €7k | €5k | ▼ 25.8% |
| Other operating charges640/8 | - | €19k | €4k | €4k | €4k | ▲ 3.4% |
| Gross operating margin9900 | €-5k | €10k | €18k | €17k | €21k | ▲ 19.2% |
| Operating profit (loss)9901 | €-44k | €-16k | €-2k | €6k | €11k | ▲ 86.3% |
| Financial charges65/66B | - | €5k | €221 | €492 | €-2k | ▼ 431% |
| Recurring financial charges65 | €1k | €5k | €221 | €492 | €-2k | ▼ 431% |
| Profit (loss) for the period before taxes9903 | €-46k | €-21k | €-2k | €5k | €13k | ▲ 134% |
| Profit (loss) for the period9904 | €-46k | €-21k | €-2k | €5k | €13k | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | €-46k | €-21k | €-2k | €5k | €13k | ▲ 134% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €726k | €888k | €870k | €861k | €857k | ▼ 0.5% |
| Fixed assets21/28 | €721k | €883k | €868k | €860k | €855k | ▼ 0.6% |
| Tangible fixed assets22/27 | €721k | €883k | €868k | €860k | €855k | ▼ 0.6% |
| Land and buildings22 | - | €853k | €844k | €842k | €841k | ▼ 0.2% |
| Plant, machinery and equipment23 | - | €30k | €24k | €18k | €14k | ▼ 21.4% |
| Current assets29/58 | €5k | €5k | €2k | €1k | €2k | ▲ 105% |
| Cash at bank and in hand54/58 | €5k | €5k | €2k | €1k | €2k | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €726k | €888k | €870k | €861k | €857k | ▼ 0.5% |
| Equity10/15 | €353k | €332k | €330k | €335k | €348k | ▲ 3.7% |
| Contributions10/11 | - | €459k | €459k | €459k | €459k | = |
| Profit (loss) carried forward14 | €-106k | €-127k | €-129k | €-124k | €-111k | ▲ 10.1% |
| Amounts payable17/49 | €372k | €556k | €540k | €526k | €509k | ▼ 3.2% |
| Amounts payable after more than one year17 | €92k | €206k | €173k | €159k | €44k | ▼ 72.4% |
| Financial debts170/4 | - | €206k | €173k | €159k | €44k | ▼ 72.4% |
| Amounts payable within one year42/48 | €279k | €348k | €365k | €367k | €465k | ▲ 26.9% |
| Current portion of amounts payable after more than one year42 | - | - | €16k | €20k | €16k | ▼ 17.1% |
| Trade debts44 | - | €10k | €11k | €1k | €587 | ▼ 44.5% |
| Suppliers440/4 | - | €10k | €11k | €1k | €587 | ▼ 44.5% |
| Other amounts payable47/48 | - | €338k | €338k | €346k | €448k | ▲ 29.6% |
| Accrued charges and deferred income492/3 | - | €2k | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-46k | €-21k | €-2k | €5k | €13k | ▲ 134% |
| + Depreciation and write-downs630 | €13k | €8k | €16k | €7k | €5k | ▼ 25.8% |
| Operating cash flow (approximation) | €-33k | €-13k | €14k | €13k | €18k | ▲ 41.9% |
| Investment in fixed assets (approximation) | - | €-170k | €-677 | €0 | €0 | - |
| Change in cash | - | €16 | €-2k | €-1k | €1k | ▲ 190% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €13k ▲134%
Operating result €11k, net result €13k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after 5 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
12-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
2016
29-03
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 5 acts read
About the unread acts
We know of 5 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
5 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, Halen · 1 establishment unit since 2014
Ground area
1,174 m²
Building footprint
225 m²
Volume, LiDAR
1,352 m³
Parcel 71020B0740/00L000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
SIGOCO
since 20142.228.629.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020B0740/00L000 | Flanders | 1,174 m² | 1 · 225 m² | 9.1 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.
Similar companies · same sector, comparable size
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SIMBA IMMO
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FIBEL
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DW-Invest
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,814 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
Founded17-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.