S.G.M.A.
ActiveSummary
S.G.M.A. has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €72k. Equity is shrinking by ~14.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 26% of 389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+19
Solvency33▲+8
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.0 in 2024; short-term debt: 92.3% and cash: 0.1% of total assets), and 92.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← 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
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
7.7%
Return on assets
7.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €76k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
27 d late
2023
14 d late
2022
27 d early
2021
13 d early
2020
10 d early
2019
24 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€72k
2024 · €-2k
2018: €-70k
2019: €-2k
2020: €-872
2021: €-2k
2022: €-2k
2023: €-4k
2024: €-2k
2018 → 2025
Working capital
€-841k▲ 7.9%
2024 · €-913k
2018: €-900k
2019: €-902k
2020: €-903k
2021: €-906k
2022: €-907k
2023: €-911k
2024: €-913k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€10k▼ 15.3%€6k▼ 40.9%€4k▼ 34.2%€76k▲ 1,900%
Operating result€-2k-€-2k▲ 27.5%€-4k▼ 129%€-2k▲ 51.0%€-3k▼ 30.2%
Net result€-2k-€-2k▲ 27.4%€-4k▼ 127%€-2k▲ 50.6%€72k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €2k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €993k
Fixed assets
€917k =
Current assets
€76k ▲ 2,915%
Equity and liabilities €993k
Equity
€76k ▲ 1,900%
Debt
€917k ▲ 0.1%
Debt's share of the balance-sheet total falls from 99.6% to 92.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.08▲
2024 · 0.00
Debt to equity
12.04
ROE
95.0%▲
2024 · -52.0%
ROA
7.3%▲
2024 · -0.2%
Debt ≤ 1 year
€917k▲
2024 · €916k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€920k€993k▲
Fixed assets21/28€917k€917k=
Financial fixed assets28€917k€917k=
Current assets29/58€3k€76k▲
Amounts receivable within one year40/41€1k-
Other amounts receivable41€1k-
Cash at bank and in hand54/58€1k€1k▼
Deferred charges and accrued income490/1-€75k
Equity and liabilities
Total equity and liabilities10/49€920k€993k▲
Equity10/15€4k€76k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-64k€8k▲
Amounts payable17/49€916k€917k▲
Amounts payable within one year42/48€916k€917k▲
Trade debts44€120€1k▲
Suppliers440/4€120€1k▲
Other amounts payable47/48€916k€916k=
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€2k-
Other operating charges640/8-€1k
Gross operating margin9900€-2k€-1k▲
Operating profit (loss)9901€-2k€-3k▼
Financial income75/76B-€75k
Recurring financial income75-€75k
Financial charges65/66B€29-
Recurring financial charges65€29-
Profit (loss) for the period before taxes9903€-2k€72k▲
Profit (loss) for the period9904€-2k€72k▲
Profit (loss) for the period to be appropriated9905€-2k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€8k▲
Profit (loss) brought forward from the previous period14P€-62k€-64k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Back to profitnet €72k
Net result €72k after 7 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Evere · 1 establishment unit since 2001
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.
Lindestraat 3791140 EvereGround area
1,217 m²
Building footprint
291 m²
Volume, LiDAR
3,571 m³
2 parcels, Brussels · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
S.G.M.A.
since 20012.098.008.644
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0284/00M000 | Brussels | 983 m² | 1 · 181 m² | 17.2 m · 4 fl. |
| 21911C0128/00E005 | Brussels | 234 m² | 1 · 110 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
Suzy Flash
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CREATION INSTINCT
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Ottignies-Louvain-la-Neuve · Eq €75,860
COMPUTED EMOTION
BE 0840.566.366
Herent · Eq €76,537
ARTIZAN PRODUCTIONS
BE 0441.119.772
Beersel · Eq €75,712
PLAN B
BE 0887.538.518
Sint-Gillis (bij-Brussel) · Eq €76,853
Of 1,058 companies in sector 59120 we hold annual accounts for 451. 379 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
59120Post-production of films, video and television programmes
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.