ACTIVE

CIGALES

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Financial year 2025 · closed on 31/12/2025
Net result
2 k €
-93.7% YoY
Gross margin
9,1 k €
-74.2% YoY
Equity
73,7 k €
+2.7% YoY

What does CIGALES do?

CIGALES is a Private limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Evere.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0632.520.271
Incorporation
17/06/2015
Legal form
Private limited company
Registered office
Avenue de l'Optimisme 1 box 3
1140 Evere · BruxellesSee on map
Contributed capital
30 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities70210Public relations and communication activities73300Advertising and market research
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin9,1 k €35,5 k €62,5 k €79,4 k €123,9 k €75,6 k €19,1 k €99,8 k €111,1 k €315,5 k €
EBITDA9,1 k €35,4 k €62,5 k €79,4 k €123,9 k €74,7 k €18,3 k €99 k €110,3 k €315,5 k €
Operating result6,9 k €33,4 k €61,5 k €73,4 k €118,1 k €69,7 k €13,9 k €99 k €110,3 k €315,5 k €
Net result2 k €31,3 k €54,5 k €54,2 k €90,3 k €53,8 k €9 k €75,1 k €69,5 k €204 k €
Balance sheet
Equity73,7 k €71,7 k €640,4 k €585,9 k €531,7 k €441,4 k €387,6 k €378,6 k €303,5 k €234 k €
Total assets636 k €632,8 k €684,8 k €626,2 k €569,5 k €470,7 k €418,5 k €436 k €370 k €360,5 k €
Cash58,5 k €31 k €97,2 k €253,9 k €505,9 k €432,2 k €365,3 k €397,1 k €341 k €335,9 k €
Debts562,4 k €561,1 k €44,4 k €40,3 k €37,8 k €29,3 k €30,8 k €57,4 k €66,5 k €126,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Fabienne Gysel

Director · since 17 juin 2015

Active

Ended mandates

Fabienne Gysel

Manager · since 17 juin 2015

Ended
At this address

Other companies at this address

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ACCFAM● Active
0723.826.965
ALTIHOLD● Active
0712.722.346
BEN SOERS● Active
0892.762.165
BURG - CONSULT● Active
0461.569.055
CINKO INVEST● Active
0540.963.753
CRESCENT CONSULTING● Active
0599.787.919
DOKTER K.E.J. BUYSE● Active
0465.982.159
ENERCON● Active
0567.629.647
ENEVISION● Active
0825.752.387
GAR CONSULT● Active
0637.946.927
GT & Co● Active
0832.433.907
HERRIT & C°● Active
0449.859.868
IMMO L'EAU● Active
0795.945.178
IMMO V.D.M.● Active
0429.330.017
International Fiscal Accounting and Marketing Office● Active
0413.122.604
J & L PROMOTING● Active
0437.271.941
JV HR Consultancy● Active
0837.800.975
KVH Consult● Active
0644.394.259
LABRA● Active
0466.643.046
LUK SOERS● Active
0827.793.545
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/06/202604/06/202504/06/202408/06/202313/06/202221/06/2021
General meeting01/06/202602/06/202501/06/202401/06/202301/06/202201/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202501/06/202602/06/2026DutchPDF
Micro model31/12/202402/06/202504/06/2025DutchPDF
Micro model31/12/202301/06/202404/06/2024DutchPDF
Micro model31/12/202201/06/202308/06/2023DutchPDF
Micro model31/12/202101/06/202213/06/2022DutchPDF
Micro model31/12/202001/06/202121/06/2021DutchPDF
Micro model31/12/201902/06/202016/06/2020DutchPDF
Micro model31/12/201801/06/201928/06/2019DutchPDF
Micro model31/12/201701/06/201803/08/2018DutchPDF
Abridged model31/12/201601/06/201727/06/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Fabienne Gysel

Director · since 17 juin 2015

Active

Ended mandates

Fabienne Gysel

Manager · since 17 juin 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/12/2022
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other19/06/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252 k €↓
  2. 2024
    Annual accounts 202431,3 k €↓
  3. 2023
    Annual accounts 202354,5 k €↑
  4. 2022
    Annual accounts 202254,2 k €↓
  5. 2021
    Annual accounts 202190,3 k €↑
  6. 2020
    Annual accounts 202053,8 k €↑
  7. 2019
    Annual accounts 20199 k €↓
  8. 2018
    Annual accounts 201875,1 k €↑
  9. 2017
    Annual accounts 201769,5 k €↓
  10. 2016
    Annual accounts 2016204 k €
  11. 17/06/2015
    IncorporationPrivate limited company