SIGAL MANAGEMENT

Active

Private limited companyfounded 2012active for 13 yearsSint-Michielslaan 23, 1040 Etterbeek, BelgiumKBO/BCE: BE 0508.570.703

Summary

SIGAL MANAGEMENT has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€76,921) and a net result of -€14,147. Equity remains stable across the filed financial years (±0.2% per year). Its solvency ranks better than 5% of 39,200 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

SIGAL MANAGEMENTActiveChecked score 52/100

Risk analysis Report Compare

Activity

Business and other management consultancy

NACE 70200

1 site

Size

≈ €110,000turnover 2025, estimated

Staff: 1 FTE
Equity: -€76,921
Loss: -€14,147

Turnover estimated from the gross margin

Financial health

52 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Structure

MICHELOT PhilippeDirector
POUGATCH Ferdinand AlexisDirector

2025 accounts 1 day early2 of 7 deeds summarised

Why 52raises riskCapped at 59: negative equityNegative equity -€76,921Loss of €14,147, the second in a row (financial year 2025)lowers riskSize: total assets €50,143Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 4% of its sector peers (NACE 70, micro)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0-96

equity -153.4% of total assets

Liquidity 15-24

short-term debt 253.4% · cash 12.3%

Profitability 0-69

return on assets -28.2%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,493 companies, NACE 70, micro)

Last 24 months 11-2024: < 0.1% 12-2024: 0.1%▲ +0.1 percentage points vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.2 percentage points vs 04-2025 06-2025: < 0.1%▼ -0.3 percentage points vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: 0.1%▲ +0.1 percentage points vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.3%▲ +0.2 percentage points vs 04-2026 06-2026: 0.6%▲ +0.3 percentage points vs 05-2026highest value 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.23, compared with 0.04 in 2024, below 1; short-term debt: 253.4% and cash: 12.3% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 3% on solvency, 6% on liquidity, 4% on profitability and 3% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: total assets €50,143

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity -€76,921

NBB · annual accounts

Loss of €14,147, the second in a row (financial year 2025)

NBB · annual accounts

Sector: Activities of head offices; management consultancy activities (NACE 70)

KBO

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year -€76,921

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 day early

2024

2 days late

2023

16 days late

2022

4 days late

2021

11 days late

2020

1 day early

2019

8 days late

← 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 6 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 4 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end30-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-04-2026 Annual accounts filedfinancial year 2025 · micro…
30-09-2025 Weakest financial yearnet -€14,147
02-05-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€76,921 View
Risk: 4 loss-making years in a rowloss financial year 2025 -€14,147 View
Caution: Among the weakest 5% on solvencysector median 55.6% · 39,200 companies -153.4% View

By topic

Financials

Financial year: 2025
Total assets: €50,143
Loss: -€14,147
Solvency: -153.4%

Total assets▼ 98.7%

Net result

20192025

Go to Financials

Board & ownership

Board: 2 members

MICHELOT PhilippeDirector
POUGATCH Ferdinand AlexisDirector

Go to Board & ownership

Timeline

Events: 16
Since: 2015
Next accounts: by 30-04-2027

16-05-2024Annual accounts filed
26-04-2024Resignation: CRAENINCKX Herman (manager)
04-05-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Business and other management consultancyNACE 70200
Founded: 19-12-2012
Year ends: 30-09
Peppol: Not found in the Peppol directory

Go to Company details

Articles of association

Provisions read: 12

Annual meeting: Second Monday of March at 18:00
Purpose: “Les prestations de services,les missions de conseil,l’intérim et les services de…” (deed in French)

Go to Articles of association

Key facts about SIGAL MANAGEMENT

What is the company number of SIGAL MANAGEMENT?: 0508.570.703. In Belgium the VAT number is the company number with BE in front: BE 0508.570.703.
Where is SIGAL MANAGEMENT based?: The registered office is at Sint-Michielslaan 23, 1040 Etterbeek.Company details
What does SIGAL MANAGEMENT do?: According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of SIGAL MANAGEMENT?: Private limited company (BV).
When was SIGAL MANAGEMENT founded?: On 19-12-2012.
Is SIGAL MANAGEMENT still active?: Yes, SIGAL MANAGEMENT is an active enterprise in the KBO register.
How many employees does SIGAL MANAGEMENT have?: On average 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SIGAL MANAGEMENT?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SIGAL MANAGEMENT profitable?: In financial year 2025, SIGAL MANAGEMENT made a loss of €14,147.
Where can I find the annual accounts of SIGAL MANAGEMENT?: SIGAL MANAGEMENT filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SIGAL MANAGEMENT due?: By 30-04-2027, for financial year 2026.Timeline