SIGMA MT - Demurrage Desk
ActiveSIGMA MT - Demurrage Desk has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €-570. Equity is growing by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-48
Solvency91▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.93 against 2.46 in 2024; short-term debt: 34.1% and cash: 2.3% of total assets), and 34.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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 →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
69 d late
2023
68 d late
2022
61 d late
2021
153 d late
2020
19 d late
2019
35 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€97k▼ 0.6%
2024 · €97k
2018: €-68k
2019: €-57k
2020: €-44k
2021: €-4k
2022: €12k
2023: €76k
2024: €97k
2018 → 2025
Total assets
€147k▼ 10.3%
2024 · €164k
2018: €61k
2019: €79k
2020: €183k
2021: €211k
2022: €206k
2023: €222k
2024: €164k
2018 → 2025
Net result
€-570
2024 · €22k
2018: €16k
2019: €11k
2020: €13k
2021: €41k
2022: €16k
2023: €63k
2024: €22k
2018 → 2025
Working capital
€97k▼ 0.1%
2024 · €97k
2018: €-68k
2019: €-58k
2020: €-48k
2021: €-18k
2022: €941
2023: €79k
2024: €97k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-4k-€12k€76k▲ 517%€97k▲ 28.5%€97k▼ 0.6%
Operating result€44k-€19k▼ 55.8%€93k▲ 384%€48k▼ 48.6%€6k▼ 88.4%
Net result€41k-€16k▼ 60.8%€63k▲ 297%€22k▼ 66.0%€-570
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €147k
Equity
€97k▼ 0.6%
Debt
€50k▼ 24.6%
The debt ratio falls from 40.6% to 34.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €49k
Cash flow
€-409▼
2024 · €22k
Solvency
65.9%▲
2024 · 59.4%
Current ratio
2.93▲
2024 · 2.46
Quick ratio
2.93▲
2024 · 2.46
Debt / equity
0.52▼
2024 · 0.68
ROE
-0.6%▼
2024 · 22.2%
ROA
-0.4%▼
2024 · 13.2%
Interest coverage
0.52▼
2024 · 4.35
Debt
€50k▼
2024 · €66k
Debt ≤ 1 year
€50k▼
2024 · €66k
Income taxes
€0▼
2024 · €19k
Staff costs
€2k▼
2024 · €10k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€164k€147k▼
Fixed assets21/28€470€0▼
Tangible fixed assets22/27€160€0▼
Plant, machinery and equipment23€160€0▼
Furniture and vehicles24€0-
Financial fixed assets28€310€0▼
Current assets29/58€163k€147k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€155k€139k▼
Trade receivables40€60k€59k▼
Other amounts receivable41€95k€79k▼
Cash at bank and in hand54/58€1k€3k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€164k€147k▼
Equity10/15€97k€97k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€79k€78k▼
Amounts payable17/49€66k€50k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€66k€50k▼
Current portion of amounts payable after more than one year42€4k€0▼
Financial debts43€0-
Other loans439€0-
Trade debts44€22k€23k▲
Suppliers440/4€22k€23k▲
Taxes, remuneration and social security45€40k€11k▼
Taxes450/3€38k€11k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€0€16k▲
Income statement
Code20242025
Remuneration, social security and pensions62€10k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€825€160▼
Other operating charges640/8€15k€2k▼
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€78k€10k▼
Operating profit (loss)9901€48k€6k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€11k€11k▼
Recurring financial charges65€11k€11k▼
Profit (loss) for the period before taxes9903€40k€-570▼
Income taxes67/77€19k€0▼
Profit (loss) for the period9904€22k€-570▼
Profit (loss) for the period to be appropriated9905€22k€-570▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€78k▼
Profit (loss) brought forward from the previous period14P€57k€79k▲
The notes to these accounts (13 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-570 ▼103%
Net result drops to €-570, the lowest in the series.
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €63k ▲297%
Operating result €93k, net result €63k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 338 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oostende · 2 establishment units since 2008
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.
Zeedijk 1338400 OostendeGround area
386 m²
Building footprint
332 m²
Volume, LiDAR
8,713 m³
Parcel 35384A0089/00Z028, Flanders · tallest building 30.6 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
Juricom
since 20082.178.827.856
Box 3
since 20212.323.704.581
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0089/00Z028 | Flanders | 386 m² | 1 · 332 m² | 30.6 m · 9 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 63 EUR awarded · 234 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 63 EUR | 0 EUR |
| 2024 | 1 | 0 EUR | 234 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,978 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-03-2001
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
41001General construction of residential buildings
68121Development of residential building projects
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
46500Wholesale of information and communication equipment
46510Wholesale trade
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:ceo@sigmamt.be
Phone:059770066