SEQUOIA GM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €65.98M and a net result of €-1.53M. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 44% of 2377 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
41 d late
2024
2 d early
2023
1 d early
2022
28 d early
2021
13 d early
2020
86 d late
2019
17 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€65.98M▼ 2.3%
2024 · €67.51M
2019: €69.99M
2020: €69.72M
2021: €69.74M
2022: €69.71M
2023: €68.82M
2024: €67.51M
2019 → 2025
Net result
€-1.53M▼ 17.5%
2024 · €-1.31M
2019: €-900k
2020: €-266k
2021: €21k
2022: €-33k
2023: €-890k
2024: €-1.31M
2019 → 2025
Total assets
€122.69M▼ 2.1%
2024 · €125.34M
2019: €120.36M
2020: €112.84M
2021: €118.86M
2022: €123.89M
2023: €116.76M
2024: €125.34M
2019 → 2025
Solvency
53.8%▼ 0.1pp
2024 · 53.9%
2019: 58.1%
2020: 61.8%
2021: 58.7%
2022: 56.3%
2023: 58.9%
2024: 53.9%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.11M-€778k▼ 63.2%€1.06M▲ 36.2%€981k▼ 7.4%€799k▼ 18.6%
Equity€69.74M-€69.71M=€68.82M▼ 1.3%€67.51M▼ 1.9%€65.98M▼ 2.3%
Operating result€197k-€13k▼ 93.2%€37k▲ 174%€64k▲ 73.3%€-511k
Net result€21k-€-33k€-890k▼ 2,629%€-1.31M▼ 46.7%€-1.53M▼ 17.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €511k after €64k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122.69M
Fixed assets
€95.61M▼ 18.9%
Current assets
€27.08M▲ 264%
Equity and liabilities €122.69M
Equity
€65.98M▼ 2.3%
Debt
€56.71M▼ 1.9%
The debt ratio rises from 46.1% to 46.2%. Equity and debt are lower.
Key figures and ratios
Solvency
53.8%▼
2024 · 53.9%
ROE
-2.3%▼
2024 · -1.9%
ROA
-1.3%▼
2024 · -1.0%
Debt
€56.71M▼
2024 · €57.83M
Debt ≤ 1 year
€53.92M▲
2024 · €29.62M
Debt > 1 year
€0▼
2024 · €26.34M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€125.34M€122.69M▼
Fixed assets21/28€117.90M€95.61M▼
Intangible fixed assets21€25k€19k▼
Financial fixed assets28€117.87M€95.59M▼
Affiliated companies280/1€117.87M€95.59M▼
Participating interests280€95.59M€95.59M=
Amounts receivable281€22.29M€0▼
Current assets29/58€7.44M€27.08M▲
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€5.54M€26.20M▲
Trade receivables40€127k€218k▲
Other amounts receivable41€5.42M€25.99M▲
Cash at bank and in hand54/58€1.68M€74k▼
Deferred charges and accrued income490/1€218k€804k▲
Equity and liabilities
Total equity and liabilities10/49€125.34M€122.69M▼
Equity10/15€67.51M€65.98M▼
Contributions10/11€70.89M€70.89M=
Profit (loss) carried forward14€-3.37M€-4.91M▼
Amounts payable17/49€57.83M€56.71M▼
Amounts payable after more than one year17€26.34M€0▼
Financial debts170/4€26.34M€0▼
Credit institutions173€7.14M€0▼
Other loans174€19.20M€0▼
Amounts payable within one year42/48€29.62M€53.92M▲
Current portion of amounts payable after more than one year42€7.14M€7.14M=
Financial debts43€21.10M€23.60M▲
Credit institutions430/8€21.10M€23.60M▲
Trade debts44€239k€1.03M▲
Suppliers440/4€239k€1.03M▲
Taxes, remuneration and social security45€8k€14k▲
Taxes450/3€8k€14k▲
Other amounts payable47/48€1.13M€22.14M▲
Accrued charges and deferred income492/3€1.87M€2.79M▲
Income statement
Code20242025
Operating income70/76A€981k€1.00M▲
Turnover70€981k€799k▼
Non-recurring operating income76A-€206k
Operating charges60/66A€917k€1.52M▲
Services and other goods61€912k€1.51M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€64k€-511k▼
Financial income75/76B€1.34M€1.33M▼
Recurring financial income75€1.34M€1.33M▼
Income from financial fixed assets750€1.34M€1.33M▼
Other financial income752/9-€1
Financial charges65/66B€2.71M€2.35M▼
Recurring financial charges65€2.71M€2.35M▼
Debt charges650€2.71M€2.35M▼
Profit (loss) for the period before taxes9903€-1.31M€-1.53M▼
Profit (loss) for the period9904€-1.31M€-1.53M▼
Profit (loss) for the period to be appropriated9905€-1.31M€-1.53M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3.37M€-4.91M▼
Profit (loss) brought forward from the previous period14P€-2.07M€-3.37M▼
The notes to these accounts (36 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 41 days late
2025
31-12
Financial
Weakest financial yearnet €-1.53M
Net result drops to €-1.53M, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 86 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-11-2023
DE QUINNEMAR, Nicolas: Resigned as Director
30-11-2023
DE RAEDT Ann: Resigned as Director
30-11-2023
Erik van den Eynden: Resigned as Director
30-11-2023
GATTSU: Resigned as Director
30-11-2023
PEERS, Maarten: Resigned as Director
18-11-2021
CINQO: Resigned as Director
18-11-2021
Heinbroeck: Resigned as Director
Location & real-estate footprint
Registered office, Gent
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijvisschestraat 1229052 GentGround area
1.1 ha
Building footprint
702 m²
Volume, LiDAR
11,488 m³
Parcel 44082A0011/00H000, Flanders · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082A0011/00H000 | Flanders | 1.1 ha | 1 · 701 m² | 19.7 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,748. 2,322 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.