SEQUENCE CONCEPT
ActiveSummary
SEQUENCE CONCEPT has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €352,217 and a net result of €16,266. Equity is growing by about 3.3% per year across the filed financial years. Its solvency ranks better than 84% of 246 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €352,217
- Profit
- €16,266
- PONCELET CoralieDirector
- PONCELET CharlineDirector
- PONCELET AlainManaging director
Why 96raises riskLiquidity: current ratio 0.90, cash €9,300lowers riskSize: total assets €410,204Founded in 1989Figures for financial year 2026 (filed 14-10-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 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 68, micro): better than 91% on solvency, 61% on liquidity, 67% on profitability and 58% on growth.
The bankruptcy probability was computed on 26-10-2026 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 7 accounts on average 1 day after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Resignation: PONCELET Alain (director)Appointment: PONCELET Charline (director) ·…
- Annual accounts filedfinancial year 2026 · abbreviated…
- Annual accounts filedfinancial year 2025 · micro…
Financials · financial year 2026, abbreviated format
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result falls in 2026; 2026 is 23% below 2025.
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 68, Real estate 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 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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 17,042 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,205 | €27,108 | €23,626 | €23,153 | €24,221 | €29,863 | €33,135 | €33,273 | ▲ 0.4% |
| Other operating charges640/8 | - | - | - | €4,886 | €11,032 | €6,015 | €6,357 | €6,215 | ▼ 2.2% |
| Gross operating margin9900 | €36,125 | €115,780 | €34,323 | €50,223 | €44,722 | €54,642 | €76,196 | €67,787 | ▼ 11.0% |
| Operating profit (loss)9901 | €2,983 | €81,993 | €3,950 | €22,184 | €9,469 | €18,764 | €36,704 | €28,299 | ▼ 22.9% |
| Financial income75/76B | - | - | - | €50 | - | - | €100 | - | - |
| Recurring financial income75 | €217 | €0 | €0 | €50 | - | - | €100 | - | - |
| Financial charges65/66B | - | - | - | €7,522 | €5,885 | €4,324 | €2,590 | €1,188 | ▼ 54.1% |
| Recurring financial charges65 | €21,166 | €10,103 | €8,459 | €7,522 | €5,885 | €4,324 | €2,590 | €1,188 | ▼ 54.1% |
| Profit (loss) for the period before taxes9903 | -€17,966 | €71,890 | -€4,509 | €14,712 | €3,583 | €14,440 | €34,214 | €27,111 | ▼ 20.8% |
| Transfer from deferred taxes780 | - | - | - | €2,332 | €2,332 | €2,332 | €2,332 | €2,332 | = |
| Income taxes67/77 | €460 | €16,335 | €2,390 | €7,834 | €6,270 | €8,950 | €14,533 | €13,177 | ▼ 9.3% |
| Profit (loss) for the period9904 | -€18,425 | €58,314 | -€4,521 | €9,210 | -€354 | €7,822 | €22,012 | €16,266 | ▼ 26.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,996 | €6,996 | €6,996 | €6,996 | €6,996 | = |
| Profit (loss) for the period to be appropriated9905 | -€18,425 | €64,883 | €2,428 | €16,206 | €6,641 | €14,817 | €29,008 | €23,262 | ▼ 19.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €636,824 | €563,178 | €476,975 | €464,547 | €463,113 | €455,780 | €428,100 | €410,204 | ▼ 4.2% |
| Fixed assets21/28 | €520,165 | €493,299 | €472,909 | €452,428 | €460,202 | €443,363 | €424,109 | €395,236 | ▼ 6.8% |
| Tangible fixed assets22/27 | €520,165 | €493,299 | €472,909 | €452,428 | €460,202 | €443,363 | €424,109 | €395,236 | ▼ 6.8% |
| Land and buildings22 | - | - | - | €452,428 | €430,902 | €409,377 | €401,378 | €383,760 | ▼ 4.4% |
| Furniture and vehicles24 | - | - | - | - | €29,299 | €33,986 | €22,731 | €11,476 | ▼ 49.5% |
| Current assets29/58 | €116,659 | €69,879 | €4,066 | €12,120 | €2,911 | €12,417 | €3,991 | €14,968 | ▲ 275% |
| Stocks and contracts in progress3 | €109,795 | €65,598 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €183 | €164 | €77 | - | - | €7,559 | - | €2,398 | - |
| Trade receivables40 | - | - | - | - | - | €7,559 | - | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | €2,398 | - |
| Cash at bank and in hand54/58 | €4,747 | €2,309 | €2,130 | €9,982 | €115 | €2,011 | €981 | €9,300 | ▲ 848% |
| Deferred charges and accrued income490/1 | - | - | - | €2,138 | €2,796 | €2,846 | €3,011 | €3,270 | ▲ 8.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €636,824 | €563,178 | €476,975 | €464,547 | €463,113 | €455,780 | €428,100 | €410,204 | ▼ 4.2% |
| Equity10/15 | €243,468 | €301,782 | €297,261 | €306,471 | €306,117 | €313,939 | €335,951 | €352,217 | ▲ 4.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €113,631 | €107,063 | €100,114 | €93,118 | €86,123 | €79,127 | €72,131 | €88,397 | ▲ 22.6% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €86,918 | €79,923 | €72,927 | €65,931 | €58,936 | ▼ 10.6% |
| Distributable reserves133 | - | - | - | - | - | - | - | €23,262 | - |
| Profit (loss) carried forward14 | €67,836 | €132,719 | €135,147 | €151,353 | €157,994 | €172,812 | €201,820 | €201,820 | = |
| Provisions and deferred taxes16 | €45,127 | €42,368 | €39,989 | €37,657 | €35,325 | €32,993 | €30,662 | €28,330 | ▼ 7.6% |
| Deferred taxes168 | - | - | - | €37,657 | €35,325 | €32,993 | €30,662 | €28,330 | ▼ 7.6% |
| Amounts payable17/49 | €348,230 | €219,029 | €139,724 | €120,419 | €121,671 | €108,848 | €61,488 | €29,657 | ▼ 51.8% |
| Amounts payable after more than one year17 | €147,699 | €126,822 | €102,074 | €75,787 | €47,863 | €18,201 | €13,080 | €13,080 | = |
| Financial debts170/4 | - | - | - | €62,707 | €34,783 | €5,121 | - | - | - |
| Other amounts payable178/9 | - | - | - | €13,080 | €13,080 | €13,080 | €13,080 | €13,080 | = |
| Amounts payable within one year42/48 | €200,530 | €92,207 | €37,650 | €44,632 | €73,808 | €90,647 | €47,269 | €16,577 | ▼ 64.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,288 | €27,924 | €29,662 | €5,121 | - | - |
| Financial debts43 | - | - | - | - | €2,475 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €2,475 | - | - | - | - |
| Trade debts44 | €2,163 | €2,401 | €4,603 | €3,895 | €3,738 | €3,960 | €766 | €3,402 | ▲ 344% |
| Suppliers440/4 | - | - | - | €3,895 | €3,738 | €3,960 | €766 | €3,402 | ▲ 344% |
| Taxes, remuneration and social security45 | - | - | - | €10,184 | €6,270 | €8,950 | €14,535 | €13,175 | ▼ 9.4% |
| Taxes450/3 | - | - | - | €10,184 | €6,270 | €8,950 | €14,535 | €13,175 | ▼ 9.4% |
| Other amounts payable47/48 | - | - | - | €4,266 | €33,402 | €48,075 | €26,846 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €1,139 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,425 | €58,314 | -€4,521 | €9,210 | -€354 | €7,822 | €22,012 | €16,266 | ▼ 26.1% |
| + Depreciation and write-downs630 | €27,205 | €27,108 | €23,626 | €23,153 | €24,221 | €29,863 | €33,135 | €33,273 | ▲ 0.4% |
| Operating cash flow (approximation) | €8,780 | €85,423 | €19,105 | €32,363 | €23,866 | €37,685 | €55,147 | €49,539 | ▼ 10.2% |
| Investment in fixed assets (approximation) | - | -€242 | -€3,236 | -€2,671 | -€31,995 | -€13,024 | -€13,881 | -€4,400 | ▲ 68.3% |
| Change in cash | - | -€2,437 | -€179 | €7,852 | -€9,867 | €1,896 | -€1,031 | €8,319 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | abbreviated format | 12-10-2026 | 2026-00556222 |
| 31-03-2025 | micro format | 30-10-2025 | 2025-00561144 |
| 31-03-2024 | micro format | 06-11-2024 | 2024-00531270 |
| 31-03-2023 | micro format | 27-10-2023 | 2023-00493975 |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20478048 |
| 31-03-2021 | micro format | 12-11-2021 | 2021-77200174 |
| 31-03-2020 | micro format | 10-11-2020 | 2020-69600340 |
| 31-03-2019 | micro format | 28-11-2019 | 2019-74500049 |
| 31-03-2018 | micro format | 08-11-2018 | 2018-71800557 |
| 31-03-2017 | micro format | 13-11-2017 | 2017-69400455 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| PONCELET Coralie |
|
| PONCELET Charline |
|
| PONCELET Alain |
|
Owners and capital
Capital and shareholders
- 20-02-2024 Capital stated in the deed · €62,000 · 2,867 shares
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
26-10
Gazette deed
Resignation: PONCELET Alain (director)Appointment: PONCELET Charline (director) · Reappointment: PONCELET Coralie (director) · Power of attorney6 facts ▸
- General meeting, 01-07-2026
- Director resignation, PONCELET Alain (director)
- Director appointment, PONCELET Charline (director)
- Director reappointment, PONCELET Coralie (director)
- Power of attorney, J. Jordens srl
- Power of attorney, Marion de Crombrugghe
20-02
Gazette deed
Reappointments: PONCELET Alain (managing director) and PONCELET Coralie (director)Amendment of the articles · Capital · Registered office clause10 facts ▸
- General meeting, 27-12-2023
- Amendment of the articles (2 times)
- Capital, €62,000
- Registered office clause, “1090 Jette, Avenue de Jette 228” (deed in French)
- Power of attorney
- Power of attorney, Tijl DE TROYER
- Board meeting, “conseil d administration” (deed in French)
- Director reappointment, PONCELET Alain (managing director)
- Director reappointment, PONCELET Alain (director)
- Director reappointment, PONCELET Coralie (director)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22001B0195/00C000 | Flanders | 1,223 m² | 1 · 233 m² | 11.6 m · 2 |
| 21464E0001/00F024 | Brussels | 231 m² | 1 · 84 m² | 20.3 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'investissement, la souscription, la prise ferme, le placement, la vente, l'achat et la négociation d'actions, parts, obligations…” (deed in French)
9 activities (deed in French)
- L'investissement, la souscription, la prise ferme, le placement, la vente, l'achat et la négociation d'actions, parts, obligations, certificats, crédits, monnaies et autres valeurs mobilières émises par des entreprises belges ou étrangères et qu'elles aient ou non un statut juridique (semi)-public.
- La gestion des investissements et des participations dans des sociétés, l'exercice de fonctions d'administration, la fourniture de conseils, management et autres services de même nature que les activités de la société. Ces services peuvent être fournis sur une base contractuelle ou statutaire et en la qualité de conseiller externe, de mandataire ou d'organe.
- Accorder des prêts et avances sous quelle forme ou quelle durée que ce soit, à toutes les entreprises liées ou entreprises dans lesquelles elle possède une participation, ainsi que garantir tous les engagements des mêmes entreprises.
- Acquérir ou aliéner tous immeubles, ainsi que procéder à tous lotissements, mises en valeur, promotion, location, gestion et rénovation de tous immeubles bâtis et non bâtis.
- Faire, en vue de procurer à ses membres des avantages directs ou indirects, toutes opérations se rapportant aux activités de vente, achat, importation, exportation de tous biens et marchandises généralement quelconques, dont notamment les véhicules et pièces automobiles, d’une part, ainsi que les prestations de services en général, dont notamment la fourniture de main d’œuvre automobile et l’exploitation d’un atelier de réparations ainsi que les activités de conseil en communication et la mise en relation d’affaires, d’autre part.
- Accepter tout mandat de gestion et d’administration dans toute société et association quelconque
- Se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société, liée ou non
- Accomplir toutes opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières, se rapportant directement ou indirectement à son objet
- S'intéresser par toutes voies, dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue, similaire ou connexe, ou qui soit de nature à favoriser le développement de son entreprise
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles capitale, peut établir ou supprimer des sièges administratifs, agences, ateliers, dépôts et succursales tant en Belgique…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 19: Représentation de la société 1. Tous les actes qui engagent la société, en justice et dans tous les actes, sont valables s’ils…”
- Board ruleHow the board is made up, meets and takes decisions.
- 10 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Registre des actions nominatives tenu au siège, l'actionnaire peut à tout moment demander la conversion de ses actions en actions…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Pre-emptive rightsExisting shareholders may buy new shares first, in proportion to what they already hold.
- “Proportionnellement à la partie du capital que représentent leurs actions, augmentation de capital, émission d'obligations convertibles ou…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of September at 17:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Designation liquidateurs, organe d administration en fonction” (deed in French)“Toutes_opérations_prévues_par_la_loi, pouvoirs liquidateurs” (deed in French)