Equity
Sequenz has made a profit in every financial year since 2023.
Sequenz has made a profit in every financial year since 2023.
The micro format states no turnover.
The dashed line is the sector median: 0.1% across 48,551 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 70, micro). It does better than 32% of them on solvency, 56% on liquidity, 84% on profitability and 67% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as Sequenz has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Sequenz itself is lower: 0.1% within 12 months. It rests on far more data about Sequenz than the profile alone.
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Sequenz. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.46 (1.75 in 2024), below the usual 1.5. Short-term debt is 68% and cash 67.3% of total assets. 68% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 61 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Sequenz Ghent | €125,849 | €61,252 | 32.0% | - |
| SUSTAINABLE MATTERS Ghent | €118,479 | €61,364 | 93.0% | - |
| DER-Invest Ghent | €152,307 | €63,460 | 60.6% | - |
| Clutters Ghent | €156,806 | €58,978 | 3.6% | - |
| Fleur XL Ghent | €153,850 | €68,268 | 66.9% | - |
| Sebastiaan De Roeck Beveren-Kruibeke-Zwijndrecht | €121,901 | €66,732 | 40.6% | - |
| Smith Consult Aalter | €129,142 | €60,209 | 7.7% | - |
These companies have the same main activity as Sequenz: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €118,000 and €157,000, founded between 2021 and 2022.
Sequenz files the micro format. That format states no turnover. The gross margin rose from €24,091 in 2023 to €61,252 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €94,000 and €160,000.
Higher than 31% of 39,312 companies in 2025.
Higher than 38% of 37,997 companies in 2025.
Higher than 83% of 38,469 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
Total assets20/58 |
125,849 | 77,856 | 33,296 | |
Fixed assets21/28 |
435 | 435 | 435 | |
Financial fixed assets28 |
435 | 435 | 435 | |
Current assets29/58 |
125,414 | 77,421 | 32,861 | |
Amounts receivable within one year40/41 |
39,785 | 7,956 | 6,656 | |
Trade receivables40 |
39,425 | 2,517 | 5,880 | |
Other amounts receivable41 |
360 | 5,439 | 776 | |
Cash at bank and in hand54/58 |
84,654 | 67,285 | 25,618 | |
Deferred charges and accrued income490/1 |
976 | 2,180 | 586 | |
| Balance sheet: equity and liabilities | ||||
Total equity and liabilities10/49 |
125,849 | 77,856 | 33,296 | |
Equity10/15 |
40,222 | 33,530 | 26,378 | |
Contributions10/11 |
10,000 | 10,000 | 10,000 | |
Profit (loss) carried forward14 |
30,222 | 23,530 | 16,378 | |
Amounts payable17/49 |
85,627 | 44,327 | 6,918 | |
Amounts payable within one year42/48 |
85,627 | 44,327 | 6,918 | |
Financial debts43 |
2,700 | 255 | 313 | |
Credit institutions430/8 |
2,700 | 255 | 313 | |
Trade debts44 |
15,339 | 38,730 | 82 | |
Suppliers440/4 |
15,339 | 38,730 | 82 | |
Taxes, remuneration and social security45 |
12,369 | 3,126 | 6,376 | |
Taxes450/3 |
12,369 | 3,126 | 6,376 | |
Other amounts payable47/48 |
55,219 | 2,217 | 147 | |
| Income statement | ||||
Gross operating margin9900 |
61,252 | 9,989 | 24,091 | |
Other operating charges640/8 |
946 | 754 | 1,299 | |
Operating profit (loss)9901 |
60,306 | 9,234 | 22,792 | |
Financial income75/76B |
96 | 1,214 | - | |
Recurring financial income75 |
96 | 1,214 | - | |
Financial charges65/66B |
170 | 162 | 117 | |
Recurring financial charges65 |
170 | 162 | 117 | |
Profit (loss) for the period before taxes9903 |
60,231 | 10,287 | 22,675 | |
Income taxes67/77 |
3,538 | 3,135 | 6,297 | |
Profit (loss) for the period9904 |
56,693 | 7,151 | 16,378 | |
Profit (loss) for the period to be appropriated9905 |
56,693 | 7,151 | 16,378 | |
| Appropriation of the result | ||||
Profit (loss) to be appropriated9906 |
80,222 | 23,530 | 16,378 | |
Profit (loss) brought forward from the previous period14P |
23,530 | 16,378 | - | |
Profit to be distributed694/7 |
50,000 | - | - | |
Directors or managers695 |
50,000 | - | - | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-05-2026.
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €800 | €800 |
| 2024 | 1 | €1,950 | €1,950 |
| 2022 | 1 | €2,060 | €2,060 |
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Investment in fixed assets | 0 | - | 435 | |
| Change in cash | 17,368 | 41,667 | - | |
| Working capital | 39,787 | 33,095 | 25,943 | |
| Solvency | 32.0% | 43.1% | 79.2% | |
| Current ratio | 1.46 | 1.75 | 4.75 | |
| Debt to equity | 2.13 | 1.32 | 0.26 | |
| ROE | 140.9% | 21.3% | 62.1% | |
| ROA | 45.0% | 9.2% | 49.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Financial fixed assets | €0 | - | €435 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 6.5 times that of 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 56.9% to 68.0%. Equity and debt are higher.
Source: lists of holdings in the owners' accounts
Sequenz has no parent and no holdings in its annual accounts. Quillet BV is the only director.
| ELBEMO via An De Keyser, at Sequenz until 2023 · Director (not named in the articles) · deed of 29-06-2022 founded in 1988 |
total assets €374,114 (2025) |
| Theon via An De Keyser, at Sequenz until 2023 · Director · deed of 25-11-2024 |
founded in 2012 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Sequenz was incorporated on 4 February 2022 as a private limited company by two natural persons, with a starting capital of €10,000.12 The registered office was moved to Ghent in 2023.3 Quillet BV is director of the company, appointed by deed of 05-09-2025.4 Total assets rose from €33,296 in 2023 to €125,849 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Keizer Leopoldstraat 3A registered office 9000 Ghent | ||
| Ottergemsesteenweg-Zuid 808 9000 Ghent | 04-02-2022 | 2.327.691.677 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44808H0602/00T003 | 3.2 ha | 1 · 2.0 ha | 40.8 m · 4 |
| 44804D0289/00C000 | 483 m² | 1 · 496 m² | 21.8 m · 6 |
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