SEquences
ActiveSummary
SEquences is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€54,350) and a net result of -€50,841. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9,732 sector peers (NACE 64, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Other financial services
NACE 64999
1 site
Size
€16,193total assets 2025
- Equity
- -€54,350
- Loss
- -€50,841
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts 1 day early1 of 6 deeds summarised
Signalsraises riskWeak solvency vs sectorneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Two signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9732 sector peers (2025).
NBB · sector comparisonPosition among 9732 sector peers
Solvency
better than 5%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
66 days early
2023
26 days late
2022
10 days late
2021
34 days early
2020
149 days early
2019
170 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 55 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€50,841
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
Equity
-€54,350▼ 1,449%
2024 · -€3,510
Net result
-€50,841▼ 101%
2024 · -€25,288
Total assets
€16,193▼ 83.0%
2024 · €95,139
Solvency
-335.6%▼ 331.9pp
2024 · -3.7%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €49,947 in 2025 against €23,958 in 2024; the loss grows and 2025 has 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.
Operating result-€49,947
2025
Net result-€50,841
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16,193
2025
Equity-€54,350
2025
Debt€70,544
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€58,420
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-314.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-335.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.17
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€42,898-€102,899▲ 140%€108,796▲ 5.7%€66,607▼ 38.8%-€33,351€344-€23,958-€49,947▼ 108%
Net result€34,544-€76,954▲ 123%€82,548above the sector's middle half▲ 7.3%€45,205within the sector's middle half▼ 45.2%-€35,013below the sector's middle half€44below the sector's middle half-€25,288below the sector's middle half-€50,841below the sector's middle half▼ 101%
Equity€10,040-€10,994▲ 9.5%€11,542below the sector's middle half▲ 5.0%€56,748within the sector's middle half▲ 392%€21,735below the sector's middle half▼ 61.7%€21,778below the sector's middle half▲ 0.2%-€3,510below the sector's middle half-€54,350below the sector's middle half▼ 1,449%
Total assets€58,686-€106,887▲ 82.1%€106,543below the sector's middle half▼ 0.3%€115,615below the sector's middle half▲ 8.5%€50,418below the sector's middle half▼ 56.4%€48,321below the sector's middle half▼ 4.2%€95,139below the sector's middle half▲ 96.9%€16,193below the sector's middle half▼ 83.0%
Debt€48,646-€95,892▲ 97.1%€95,001▼ 0.9%€58,867▼ 38.0%€28,684▼ 51.3%€26,542▼ 7.5%€98,648▲ 272%€70,544▼ 28.5%
Working capital€4,500-€6,662▲ 48.0%€5,230within the sector's middle half▼ 21.5%€51,972within the sector's middle half▲ 894%€17,055within the sector's middle half▼ 67.2%€16,190within the sector's middle half▼ 5.1%-€6,024within the sector's middle half-€58,420below the sector's middle half▼ 870%
Solvency17.1%-10.3%▼ 6.8pp10.8%below the sector's middle half▲ 0.5pp49.1%within the sector's middle half▲ 38.2pp43.1%within the sector's middle half▼ 6.0pp45.1%within the sector's middle half▲ 2.0pp-3.7%below the sector's middle half▼ 48.8pp-335.6%below the sector's middle half▼ 331.9pp
Current ratio1.10-1.07▼ 0.031.06within the sector's middle half▼ 0.011.88within the sector's middle half▲ 0.831.69within the sector's middle half▼ 0.191.61within the sector's middle half▼ 0.080.94within the sector's middle half▼ 0.670.17below the sector's middle half▼ 0.77
Return on assets (ROA)58.9%-72.0%▲ 13.1pp77.5%above the sector's middle half▲ 5.5pp39.1%above the sector's middle half▼ 38.4pp-69.4%below the sector's middle half▼ 108.5pp0.1%below the sector's middle half▲ 69.5pp-26.6%below the sector's middle half▼ 26.7pp-314.0%below the sector's middle half▼ 287.4pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16,193
Fixed assets
€4,069 ▲ 61.8%
Current assets
€12,124 ▼ 86.9%
Equity and liabilities
Equity-€54,350
Debt€70,544
Equity is negative: debt (€70,544) exceeds the balance-sheet total (€16,193).
Key figures and ratios
Debt ≤ 1 year
€70,544▼
2024 · €98,648
Income taxes
€405▼
2024 · €870
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €12,853 | €3,394 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,555 | €5,632 | €2,124 | €2,537 | €2,003 | €2,263 | €3,074 | €2,463 | ▼ 19.9% |
| Other operating charges640/8 | - | - | - | €27,701 | €27,204 | €24,360 | €9,837 | €6,883 | ▼ 30.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €147 | €0 | - | - |
| Gross operating margin9900 | €82,972 | €142,239 | €141,274 | €96,846 | -€4,144 | €27,114 | -€11,047 | -€40,600 | ▼ 268% |
| Operating profit (loss)9901 | €42,898 | €102,899 | €108,796 | €66,607 | -€33,351 | €344 | -€23,958 | -€49,947 | ▼ 108% |
| Financial income75/76B | - | - | - | €20 | €0 | €24 | €0 | €2 | ▲ 21× |
| Recurring financial income75 | €4,583 | €129 | €158 | €20 | €0 | €24 | €0 | €2 | ▲ 21× |
| Financial charges65/66B | - | - | - | €592 | €914 | €325 | €461 | €491 | ▲ 6.6% |
| Recurring financial charges65 | €1,090 | €1,476 | €966 | €592 | €914 | €325 | €461 | €491 | ▲ 6.6% |
| Profit (loss) for the period before taxes9903 | €46,392 | €101,552 | €107,989 | €66,035 | -€34,264 | €44 | -€24,418 | -€50,435 | ▼ 107% |
| Income taxes67/77 | €11,848 | €24,598 | €25,441 | €20,830 | €749 | €0 | €870 | €405 | ▼ 53.4% |
| Profit (loss) for the period9904 | €34,544 | €76,954 | €82,548 | €45,205 | -€35,013 | €44 | -€25,288 | -€50,841 | ▼ 101% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €2,124 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €33,800 | €76,193 | €82,548 | €45,205 | -€35,013 | €44 | -€23,164 | -€50,841 | ▼ 119% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €58,686 | €106,887 | €106,543 | €115,615 | €50,418 | €48,321 | €95,139 | €16,193 | ▼ 83.0% |
| Fixed assets21/28 | €8,653 | €5,333 | €7,313 | €4,775 | €8,672 | €5,588 | €2,514 | €4,069 | ▲ 61.8% |
| Tangible fixed assets22/27 | €6,353 | €3,033 | €5,013 | €2,475 | €6,372 | €4,938 | €1,864 | €4,069 | ▲ 118% |
| Plant, machinery and equipment23 | - | - | - | €1,077 | €2,563 | €1,881 | €1,199 | €647 | ▼ 46.1% |
| Furniture and vehicles24 | - | - | - | €1,398 | €3,809 | €3,058 | €665 | €3,422 | ▲ 414% |
| Financial fixed assets28 | €2,300 | €2,300 | €2,300 | €2,300 | €2,300 | €650 | €650 | €0 | ▼ 100% |
| Current assets29/58 | €50,032 | €101,554 | €99,230 | €110,839 | €41,746 | €42,732 | €92,624 | €12,124 | ▼ 86.9% |
| Amounts receivable within one year40/41 | €21,236 | €11,199 | €14,034 | €50,903 | €7,844 | €33,879 | €91,376 | €1,819 | ▼ 98.0% |
| Trade receivables40 | - | - | - | €50,024 | €5,908 | €32,733 | €90,000 | €663 | ▼ 99.3% |
| Other amounts receivable41 | - | - | - | €880 | €1,936 | €1,146 | €1,376 | €1,156 | ▼ 16.0% |
| Current investments50/53 | €17,574 | €74,079 | €80,596 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €10,394 | €14,619 | €3,783 | €59,936 | €33,903 | €8,757 | €1,077 | €10,305 | ▲ 857% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | €97 | €171 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €58,686 | €106,887 | €106,543 | €115,615 | €50,418 | €48,321 | €95,139 | €16,193 | ▼ 83.0% |
| Equity10/15 | €10,040 | €10,994 | €11,542 | €56,748 | €21,735 | €21,778 | -€3,510 | -€54,350 | ▼ 1,449% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €3,840 | €4,794 | €5,342 | €50,548 | €50,548 | €50,548 | €48,424 | €48,424 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €2,124 | €2,124 | €2,124 | €0 | - | - |
| Distributable reserves133 | - | - | - | €46,564 | €48,424 | €48,424 | €48,424 | €48,424 | = |
| Profit (loss) carried forward14 | - | - | - | €0 | -€35,013 | -€34,969 | -€58,133 | -€108,974 | ▼ 87.5% |
| Amounts payable17/49 | €48,646 | €95,892 | €95,001 | €58,867 | €28,684 | €26,542 | €98,648 | €70,544 | ▼ 28.5% |
| Amounts payable after more than one year17 | €2,114 | €0 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €45,532 | €94,892 | €94,001 | €58,867 | €24,691 | €26,542 | €98,648 | €70,544 | ▼ 28.5% |
| Financial debts43 | - | - | - | - | - | - | €187 | €600 | ▲ 221% |
| Credit institutions430/8 | - | - | - | - | - | - | €187 | €600 | ▲ 221% |
| Trade debts44 | €2,128 | €7,260 | €2,786 | €42,085 | €6,930 | €797 | €2,918 | €925 | ▼ 68.3% |
| Suppliers440/4 | - | - | - | €42,085 | €6,930 | €797 | €2,918 | €925 | ▼ 68.3% |
| Taxes, remuneration and social security45 | - | - | - | €11,408 | €11,578 | €299 | €543 | €948 | ▲ 74.7% |
| Taxes450/3 | - | - | - | €11,408 | €11,578 | €299 | €543 | €948 | ▲ 74.7% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €5,373 | €6,184 | €25,447 | €95,000 | €68,070 | ▼ 28.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €3,992 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,544 | €76,954 | €82,548 | €45,205 | -€35,013 | €44 | -€25,288 | -€50,841 | ▼ 101% |
| + Depreciation and write-downs630 | €5,555 | €5,632 | €2,124 | €2,537 | €2,003 | €2,263 | €3,074 | €2,463 | ▼ 19.9% |
| Operating cash flow (approximation) | €40,100 | €82,586 | €84,672 | €47,743 | -€33,010 | €2,307 | -€22,214 | -€48,378 | ▼ 118% |
| Investment in fixed assets (approximation) | - | -€2,312 | -€4,104 | €0 | -€5,899 | €821 | €0 | -€4,018 | - |
| Change in cash | - | €4,225 | -€10,836 | €56,153 | -€26,034 | -€25,146 | -€7,680 | €9,228 | - |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00352810 |
| 31-12-2024 | micro format | 26-05-2025 | 2025-00105170 |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00369786 |
| 31-12-2022 | micro format | 10-08-2023 | 2023-00322489 |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20107795 |
| 31-12-2020 | micro format | 04-03-2021 | 2021-07000100 |
| 31-12-2019 | micro format | 12-02-2020 | 2020-04900059 |
| 31-12-2018 | micro format | 06-02-2019 | 2019-04500569 |
| 31-12-2017 | micro format | 08-02-2018 | 2018-04700133 |
| 31-12-2016 | full format | 30-01-2017 | 2017-03400341 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 792 active companies whose main activity is other financial services (NACE 64999), figures are known for 493. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
no sitting director read yet, last change in 2024
No directors read yet: 1 of 6 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
1 person since 2024, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Fabienne Bulot |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial
Weakest financial yearnet -€50,841
Net result drops to -€50,841, the lowest in the series.
26-05
NBB filing
Annual accounts filed
financial year 2024 · micro format
20-02
Gazette deed
Resignation: Fabienne Bulot (director)Director discharge4 facts ▸
Gazette deed
Resignation: Fabienne Bulot (director)
Director discharge4 facts ▸
- General meeting, 12-12-2024
- Director resignation, Fabienne Bulot (director)
- Director discharge, Fabienne Bulot
- Board composition, Olivier Antomarchi (seul administrateur)
2024
26-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 26 days late
2023
31-12
Financial
Back to profitnet €44
Net result €44 after one loss-making year.
10-08
NBB filing
Annual accounts filed
financial year 2022 · micro format · 10 days late
2022
27-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
04-03
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Highest result from 2018 to 2025net €82,548 ▲7.3%
Operating result €108,796, net result €82,548, both a record.
12-02
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
06-02
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
08-02
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
30-01
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
1 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded28-03-2012
Financial year end31-12
Activities, NACEBEL 2025
64999Other financial services
74209Other photographic activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844790321
Also
9925:BE0844790321
Registered
21-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 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
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2012
Ground area
1,095 m²
Building footprint
272 m²
Building volume
1,578 m³
2 parcels, Brussels · tallest building 12.5 m. Linked by address, not a title deed.
1 establishment unit
SE Services Benelux
since 2012unit no. 2.208.377.719
2 parcels
Brussels
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21614E0217/00Y000 | Brussels | 970 m² | 1 · 164 m² | 6.7 m · 2 |
| 21614E0262/00M004 | Brussels | 124 m² | 1 · 108 m² | 12.5 m · 2 |
How the parcels are linked
Good to know
Both parcels match the address exactly.