Le Sequin
ActiveSummary
The computed 12-month bankruptcy probability of Le Sequin is 6.1% (elevated). The 2025 annual accounts show negative equity (-€12,659) and a net result of -€23,817. Equity is shrinking by about 58% per year across the filed financial years. Its solvency ranks better than 24% of 16,893 sector peers (NACE 56, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- ≈ 0.4 FTE, estimated
- Equity
- -€12,659
- Loss
- -€23,817
Why 34raises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 31 days late; 2 of the last 3 lateFounded in 2022Negative equity -€12,659Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro): better than 24% on solvency, 32% on liquidity, 21% on profitability and 4% on growth.
The bankruptcy probability was computed on 30-10-2026 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
This company filed its last 3 accounts on average 28 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€23,817
- Appointment: Vanderhulst Mélissa (director)Declaration
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00470160.
2023 to 2025, 3 financial years
The operating result turns negative in 2025: a loss of €21,053 after €11,845 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91.6% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,555 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12,954 | €43,941 | €9,968 | ▼ 77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,296 | €3,549 | €5,185 | ▲ 46.1% |
| Other operating charges640/8 | €1,612 | €431 | €1,263 | ▲ 193% |
| Gross operating margin9900 | €16,171 | €59,766 | -€4,637 | - |
| Operating profit (loss)9901 | -€1,691 | €11,845 | -€21,053 | - |
| Financial charges65/66B | €547 | €786 | €2,764 | ▲ 252% |
| Recurring financial charges65 | €547 | €786 | €2,764 | ▲ 252% |
| Profit (loss) for the period before taxes9903 | -€2,238 | €11,059 | -€23,817 | - |
| Income taxes67/77 | - | €163 | - | - |
| Profit (loss) for the period9904 | -€2,238 | €10,896 | -€23,817 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,238 | €10,896 | -€23,817 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €34,710 | €50,964 | €290,793 | ▲ 471% |
| Formation expenses20 | €2,072 | €1,554 | €1,037 | ▼ 33.3% |
| Fixed assets21/28 | €24,893 | €21,862 | €249,650 | ▲ 11× |
| Intangible fixed assets21 | €23,884 | €21,230 | €18,576 | ▼ 12.5% |
| Tangible fixed assets22/27 | €1,009 | €632 | €231,074 | ▲ 366× |
| Land and buildings22 | - | - | €230,819 | - |
| Furniture and vehicles24 | €1,009 | €632 | €255 | ▼ 59.7% |
| Current assets29/58 | €7,745 | €27,548 | €40,106 | ▲ 45.6% |
| Stocks and contracts in progress3 | €5,600 | €5,599 | €5,510 | ▼ 1.6% |
| Stocks30/36 | €5,600 | €5,599 | €5,510 | ▼ 1.6% |
| Amounts receivable within one year40/41 | - | €11,107 | €24,859 | ▲ 124% |
| Trade receivables40 | - | €9,602 | €366 | ▼ 96.2% |
| Other amounts receivable41 | - | €1,505 | €24,493 | ▲ 16× |
| Cash at bank and in hand54/58 | €1,969 | €7,031 | €9,737 | ▲ 38.5% |
| Deferred charges and accrued income490/1 | €176 | €3,811 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €34,710 | €50,964 | €290,793 | ▲ 471% |
| Equity10/15 | €262 | €11,158 | -€12,659 | - |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€2,238 | €8,658 | -€15,159 | - |
| Amounts payable17/49 | €34,448 | €39,806 | €303,452 | ▲ 662% |
| Amounts payable after more than one year17 | - | - | €194,239 | - |
| Financial debts170/4 | - | - | €194,239 | - |
| Amounts payable within one year42/48 | €34,448 | €39,806 | €109,213 | ▲ 174% |
| Current portion of amounts payable after more than one year42 | - | - | €4,777 | - |
| Financial debts43 | €694 | - | - | - |
| Credit institutions430/8 | €694 | - | - | - |
| Trade debts44 | €3,627 | €12,136 | €8,351 | ▼ 31.2% |
| Suppliers440/4 | €3,627 | €12,136 | €8,351 | ▼ 31.2% |
| Taxes, remuneration and social security45 | €10,563 | €13,758 | €35,156 | ▲ 156% |
| Taxes450/3 | €2,810 | €10,544 | €35,055 | ▲ 232% |
| Remuneration and social security454/9 | €7,753 | €3,214 | €101 | ▼ 96.9% |
| Other amounts payable47/48 | €19,564 | €13,912 | €60,929 | ▲ 338% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,238 | €10,896 | -€23,817 | - |
| + Depreciation and write-downs630 | €3,296 | €3,549 | €5,185 | ▲ 46.1% |
| Operating cash flow (approximation) | €1,058 | €14,445 | -€18,632 | - |
| Investment in fixed assets (approximation) | - | -€518 | -€232,973 | ▼ 44,875% |
| Change in cash | - | €5,062 | €2,706 | ▼ 46.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00470160 |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00453573 |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00358836 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| GONZALEZ NUNEZ Manuel |
|
| Vanderhulst Mélissa |
|
Owners and capital
Capital and shareholders
- GONZALEZ NUNEZ Manuel 25 shares (50%) · €1,250
- VANDERHULST Melissa Arlette Danielle 25 shares (50%) · €1,250
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 06-10-2022 Incorporation · €2,500 · 50 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-11
Gazette deed
Appointment: Vanderhulst Mélissa (director)Declaration3 facts ▸
- General meeting, 01-10-2025
- Director appointment, Vanderhulst Mélissa (director)
- Declaration, “validity of the assembly, valable et irrévocable” (deed in French)
06-10
Gazette deed
IncorporationAppointment: GONZALEZ NUNEZ Manuel (director) · Founder · Founding capital9 facts ▸
- Incorporation, 03-10-2022
- Founder, GONZALEZ NUNEZ Manuel
- Founder, VANDERHULST Melissa Arlette Danielle
- Founding capital, €2,500
- Registered office clause, “4430 Ans,Rue de la Station 1” (deed in French)
- Board rule, 1
- Director appointment, GONZALEZ NUNEZ Manuel (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements,obligations,activités au nom et pour compte de la société en formation” (deed in French)
- Other provision, 03-10-2022
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62332B0026/00X003 | Wallonia | 287 m² | 1 · 39 m² | 23.7 m · 8 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Le Sequin
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pour autant que sans changement de régime linguistique applicable” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, personnes physiques ou morales,actionnaires ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “50, rémunération des apports” (deed in French)“Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, administrateurs en fonction” (deed in French)