SYGMA
ActiveThe annual accounts of SYGMA for fiscal year 2024 show a net loss of 121% of total assets and of 90% of the equity at the start of that year. The 2024 annual accounts show equity of €47k and a net result of €-439k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 17% of 5988 sector peers (fiscal year 2024). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-40
Solvency38▼-48
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.42 against 1.4 in 2023; short-term debt: 87.1% and cash: 1.4% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12.9%
Return on assets
-120.8%
Age of the figures
21 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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-439k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5988 sector peers (2024).
NBB · sector comparisonPosition among 5988 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-02-2026, 200 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
200 d late
2023
78 d late
2022
184 d late
2021
75 d late
2020
89 d late
2019
97 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-439k▼ 3,798%
2023 · €-11k
2018: €-19k
2019: €358
2020: €-22k
2021: €-19k
2022: €-19k
2023: €-11k
2018 → 2024
Working capital
€-184k
2023 · €125k
2018: €-74k
2019: €20k
2020: €51k
2021: €82k
2022: €95k
2023: €125k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€536k-€517k▼ 3.6%€498k▼ 3.7%€486k▼ 2.3%€47k▼ 90.4%
Operating result€-20k-€-12k▲ 39.2%€-16k▼ 34.8%€3k€-138k
Net result€-22k-€-19k▲ 12.9%€-19k▲ 1.8%€-11k▲ 40.5%€-439k▼ 3,798%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €138k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €364k
Fixed assets
€231k▼ 36.0%
Current assets
€133k▼ 69.8%
Equity and liabilities €364k
Equity
€47k▼ 90.4%
Debt
€317k▲ 0.8%
The debt ratio rises from 39.3% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-122k▼
2023 · €45k
Cash flow
€-423k▼
2023 · €30k
Solvency
12.9%▼
2023 · 60.7%
Current ratio
0.42▼
2023 · 1.40
Quick ratio
0.37▼
2023 · 1.14
Debt / equity
6.77▲
2023 · 0.65
ROE
-938.7%▼
2023 · -2.3%
ROA
-120.8%▼
2023 · -1.4%
Interest coverage
-0.40▼
2023 · 2.74
Debt
€317k▲
2023 · €314k
Debt ≤ 1 year
€317k▲
2023 · €314k
Income taxes
€559▲
2023 · €529
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€801k€364k▼
Fixed assets21/28€361k€231k▼
Tangible fixed assets22/27€136k€163k▲
Land and buildings22€66k€62k▼
Other tangible fixed assets26€70k€101k▲
Financial fixed assets28€225k€68k▼
Current assets29/58€440k€133k▼
Amounts receivable after more than one year29€75k-
Other amounts receivable291€75k-
Stocks and contracts in progress3€81k€17k▼
Stocks30/36€81k€17k▼
Amounts receivable within one year40/41€266k€111k▼
Trade receivables40€101k€4k▼
Other amounts receivable41€165k€106k▼
Cash at bank and in hand54/58€17k€5k▼
Deferred charges and accrued income490/1€1k€703▼
Equity and liabilities
Total equity and liabilities10/49€801k€364k▼
Equity10/15€486k€47k▼
Contributions10/11€24k€24k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€459k€20k▼
Amounts payable17/49€314k€317k▲
Amounts payable within one year42/48€314k€317k▲
Financial debts43-€15k
Credit institutions430/8-€15k
Trade debts44€31k€24k▼
Suppliers440/4€31k€24k▼
Taxes, remuneration and social security45€18k€10k▼
Taxes450/3€18k€10k▼
Other amounts payable47/48€266k€267k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€16k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€172k
Other operating charges640/8€4k€8k▲
Gross operating margin9900€49k€58k▲
Operating profit (loss)9901€3k€-138k▼
Financial income75/76B€2k€430▼
Recurring financial income75€2k€430▼
Financial charges65/66B€16k€301k▲
Recurring financial charges65€16k€301k▲
Profit (loss) for the period before taxes9903€-11k€-439k▼
Income taxes67/77€529€559▲
Profit (loss) for the period9904€-11k€-439k▼
Profit (loss) for the period to be appropriated9905€-11k€-439k▼
Appropriation of the result
Profit (loss) to be appropriated9906€459k€20k▼
Profit (loss) brought forward from the previous period14P€470k€459k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 200 days late
2024
31-12
Financial
Weakest financial yearnet €-439k
Net result drops to €-439k, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 78 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 184 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 75 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 97 days late
2019
31-12
Financial
Back to profitnet €358
Net result €358 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 57 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lasne · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Crollé 431380 LasneGround area
1,144 m²
Building footprint
189 m²
Volume, LiDAR
1,179 m³
Parcel 25076C0015/00B000, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SYGMA
since 19862.036.190.940
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076C0015/00B000 | Wallonia | 1,144 m² | 1 · 189 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 4,428 companies in sector 46180 we hold annual accounts for 1,887. 1,342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-06-1986
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
51180
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.