Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
SIGAL MANAGEMENT from Etterbeek, company number BE0508570703, closed financial year 2025 with a result of € -14,147 after tax. For that financial year SIGAL MANAGEMENT recorded a gross margin of € 24,046 and equity of € -76,921. Compared with financial year 2024, the result moved from € -2,413 to € -14,147. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ -76,921
▼ € 2.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,147
▼ 486 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,151
▼ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -76,921.
People and assets in 2025
€ 32,416
▲ 3% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,403
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 109,929
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,788
▲ 1% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 19,001 | € 23,973 | € 40,390 | € 24,046 | ▼ 40% |
| Profit after taxes | € -5,278 | € -12,955 | € -2,413 | € -14,147 | ▼ € 11,734 |
| Equity | € 2,687,595 | € 2,674,639 | € 2,672,226 | € -76,921 | ▼ € 2.7 million |
| Total debts | € 1,092,014 | € 1,110,370 | € 1,103,824 | € 127,064 | ▼ 88% |
| Cash | € 27,803 | € 21,863 | € 22,822 | € 6,151 | ▼ 73% |
| Retained profit | € -47,405 | € -60,361 | € -62,774 | € -76,921 | ▼ € 14,147 |
| Balance sheet total | € 3,779,609 | € 3,785,010 | € 3,776,050 | € 50,143 | ▼ 99% |
Key figures of SIGAL MANAGEMENT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to SIGAL MANAGEMENT?
What happened at SIGAL MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,147. Source: NBB ↗
- Philippe MICHELOT became a director. NBB
- Ferdinand POUGATCH became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,278 loss in 2022 to € 14,147 loss in 2025.
Paid € 597 in corporate taxes since 2022.
A new publication or filing at SIGAL MANAGEMENT? We notify you, reason included.
Follow SIGAL MANAGEMENTDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SIGAL MANAGEMENT are Philippe MICHELOT and Ferdinand POUGATCH.
Directors
According to the 2025 annual accounts
Philippe MICHELOT
Director
since 2023
Ferdinand POUGATCH
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Sint-Michielslaan 23
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0508.570.703
- VAT number
- BE 0508.570.703
- Registered office
- Sint-Michielslaan 23, 1040 Etterbeek
- Names & denominations
- SIGAL MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2012
- Peppol
- Not registered
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering