SEQUOIA
Open bankruptcyA bankruptcy procedure is open for SEQUOIA according to publications in the Belgian State Gazette; curator: BERTRAND NAMUR.
Summary
The 2022 annual accounts show equity of €58k and a net result of €936.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 10 June 2024
- Supervising judge
- Jean-Marie Becker
- Official Gazette
- 19-06-2024 (pdf) ↗search the document for 2024/125190
Curator
- Bertrand NamurRue De France 57, 4800 Verviersb.namur@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check How is the Manufacture of other builders' carpentry and joinery sector doing?Sector figures
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€936▼ 61.5%
2021 · €2k
Working capital
€45k▲ 25.6%
2021 · €36k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€34k-€-14k€-18k▼ 29.6%€7k€3k▼ 59.1%
Net result€9k-€-20k€-21k▼ 6.0%€2k€936▼ 61.5%
Equity€95k-€76k▼ 20.6%€55k▼ 27.4%€57k▲ 4.4%€58k▲ 1.6%
Total assets€586k-€596k▲ 1.8%€590k▼ 0.9%€741k▲ 25.6%€718k▼ 3.2%
Debt€490k-€520k▲ 6.1%€536k▲ 2.9%€684k▲ 27.7%€660k▼ 3.6%
Working capital€104k-€97k▼ 7.0%€26k▼ 72.8%€36k▲ 37.6%€45k▲ 25.6%
Staff (FTE)12.9-12.7▼ 1.6%12.1▼ 4.7%9.5▼ 21.5%7.5▼ 21.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 59% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €718k
Fixed assets
€29k ▼ 33.6%
Current assets
€689k ▼ 1.3%
Equity and liabilities €718k
Equity
€58k ▲ 1.6%
Debt
€660k ▼ 3.6%
Debt's share of the balance-sheet total falls from 92.3% to 91.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2021 · €30k
Cash flow
€17k▼
2021 · €25k
Current ratio
1.07▲
2021 · 1.05
Quick ratio
0.81▲
2021 · 0.79
Debt to equity
11.33▼
2021 · 11.94
ROE
1.6%▼
2021 · 4.2%
ROA
0.1%▼
2021 · 0.3%
Interest coverage
9.61▲
2021 · 8.53
Debt ≤ 1 year
€643k▼
2021 · €661k
Debt > 1 year
€11k▼
2021 · €23k
Income taxes
€56▼
2021 · €758
Staff costs
€372k▲
2021 · €344k
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 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €344k | €372k | ▲ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €40k | €25k | €23k | €16k | ▼ 30.9% |
| Other operating charges640/8 | - | - | - | €2k | €10k | ▲ 424% |
| Gross operating margin9900 | €638k | €606k | €503k | €375k | €401k | ▲ 6.8% |
| Operating profit (loss)9901 | €34k | €-14k | €-18k | €7k | €3k | ▼ 59.1% |
| Financial income75/76B | - | - | - | €61 | €229 | ▲ 278% |
| Recurring financial income75 | €9k | €722 | €2k | €61 | €229 | ▲ 278% |
| Financial charges65/66B | - | - | - | €3k | €2k | ▼ 44.2% |
| Recurring financial charges65 | €23k | €6k | €4k | €3k | €2k | ▼ 44.2% |
| Profit (loss) for the period before taxes9903 | €20k | €-19k | €-20k | €3k | €992 | ▼ 68.9% |
| Income taxes67/77 | €11k | €368 | €319 | €758 | €56 | ▼ 92.6% |
| Profit (loss) for the period9904 | €9k | €-20k | €-21k | €2k | €936 | ▼ 61.5% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-20k | €-21k | €2k | €936 | ▼ 61.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €586k | €596k | €590k | €741k | €718k | ▼ 3.2% |
| Fixed assets21/28 | €70k | €96k | €63k | €44k | €29k | ▼ 33.6% |
| Intangible fixed assets21 | €2k | €1k | €2k | €3k | €4k | ▲ 22.0% |
| Tangible fixed assets22/27 | €57k | €83k | €49k | €28k | €14k | ▼ 51.5% |
| Plant, machinery and equipment23 | - | - | - | €1k | €297 | ▼ 79.6% |
| Furniture and vehicles24 | - | - | - | €27k | €13k | ▼ 50.0% |
| Financial fixed assets28 | €11k | €12k | €12k | €12k | €11k | ▼ 6.8% |
| Current assets29/58 | €516k | €500k | €527k | €698k | €689k | ▼ 1.3% |
| Stocks and contracts in progress3 | €257k | €173k | €173k | €173k | €170k | ▼ 1.7% |
| Stocks30/36 | - | - | - | €173k | €170k | ▼ 1.7% |
| Amounts receivable within one year40/41 | €98k | €289k | €329k | €520k | €515k | ▼ 0.8% |
| Trade receivables40 | - | - | - | €431k | €515k | ▲ 19.6% |
| Other amounts receivable41 | - | - | - | €89k | - | - |
| Cash at bank and in hand54/58 | €56k | €27k | €18k | €4k | €2k | ▼ 48.0% |
| Deferred charges and accrued income490/1 | - | - | - | €317 | €732 | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €586k | €596k | €590k | €741k | €718k | ▼ 3.2% |
| Equity10/15 | €95k | €76k | €55k | €57k | €58k | ▲ 1.6% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | - | - | - | €100k | €100k | = |
| Issued capital100 | - | - | - | €100k | €100k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | - | - | €10k | €10k | = |
| Legal reserve130 | - | - | - | €10k | €10k | = |
| Profit (loss) carried forward14 | €-15k | €-34k | €-55k | €-53k | €-52k | ▲ 1.8% |
| Amounts payable17/49 | €490k | €520k | €536k | €684k | €660k | ▼ 3.6% |
| Amounts payable after more than one year17 | €79k | €117k | €34k | €23k | €11k | ▼ 51.9% |
| Financial debts170/4 | - | - | - | €23k | €11k | ▼ 51.9% |
| Amounts payable within one year42/48 | €412k | €403k | €501k | €661k | €643k | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12k | €12k | ▲ 1.3% |
| Financial debts43 | - | - | - | - | €10k | - |
| Credit institutions430/8 | - | - | - | - | €10k | - |
| Trade debts44 | €323k | €296k | €296k | €342k | €354k | ▲ 3.5% |
| Suppliers440/4 | - | - | - | €342k | €354k | ▲ 3.5% |
| Advances received on contracts in progress46 | - | - | - | €48k | €21k | ▼ 55.8% |
| Taxes, remuneration and social security45 | - | - | - | €202k | €159k | ▼ 21.3% |
| Taxes450/3 | - | - | - | €2k | €24k | ▲ 1,180% |
| Remuneration and social security454/9 | - | - | - | €200k | €135k | ▼ 32.4% |
| Other amounts payable47/48 | - | - | - | €58k | €87k | ▲ 51.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €5k | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-20k | €-21k | €2k | €936 | ▼ 61.5% |
| + Depreciation and write-downs630 | €63k | €40k | €25k | €23k | €16k | ▼ 30.9% |
| Operating cash flow (approximation) | €72k | €20k | €5k | €25k | €17k | ▼ 33.8% |
| Investment in fixed assets (approximation) | - | €-66k | €8k | €-4k | €-1k | ▲ 66.7% |
| Change in cash | - | €-28k | €-9k | €-14k | €-2k | ▲ 85.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
19-06
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 10-06-2024
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 91 days late
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 145 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
2020
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 76 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 114 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
2015
17-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
25-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 1994
Ground area
5,146 m²
Building footprint
1,375 m²
Volume, LiDAR
2,255 m³
2 parcels, Wallonia · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Manaihant 10, 4651 Herve
since 19942.065.753.075
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63036A0377/00F000 | Wallonia | 3,203 m² | 1 · 290 m² | 12.6 m · 3 fl. |
| 63006C0431/00K000 | Wallonia | 1,943 m² | 1 · 1,085 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERTRAND NAMUR RUE DE FRANCE 57,
4800 VERVIERS |
10-06-2024 → present |
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Of 1,599 companies in sector 16230 we hold annual accounts for 784. 580 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
Scores and ratios are computed by Checked and are not a credit decision.