Investments
€155,688 4.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 11032.8% higher than in 2023.
SEQUOIA BAY
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2004peak €62,687 (2017)
-€246,283▼ €253,845
lowest -€34,326 (2010)
€8,730▲ €13,420
peak €282,758 (2019)
€279,262▲ 3.2%
€41,720▼ 62.5%
peak 1.5 FTE (2010)
-not published
Board5 names since 2015
4 directorsCONCRAID SA and 3 others
Owners
Documentsfilings and deeds
19-01-2026172 days late
2024financial year
Gross margin from €7,562 to -€246,283Back to profit: €8,730Debts from €111,327 to €41,720Cash from €2,111 to €2,917
Key points
from the 2024 annual accountsFilings
21 annual accounts 99 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
87.0%
Higher solvency than 85% of companies in air transport. Sector median 39.6% · 210 companies.
Checked score
51
Fair
Financially stronger than 44% of micro companies in air transport (NACE 51)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 201 companies (NACE 51, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025lowest value
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.1%▲ +0.3 percentage points vs 07-2025
09-2025: 1.2%▲ +0.1 percentage points vs 08-2025
10-2025: 1.6%▲ +0.4 percentage points vs 09-2025
11-2025: 1.7%▲ +0.1 percentage points vs 10-2025
12-2025: 2.3%▲ +0.6 percentage points vs 11-2025
01-2026: 1.7%▼ -0.6 percentage points vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 1.6%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 2.2%▲ +0.6 percentage points vs 07-2026
09-2026: 2.4%▲ +0.2 percentage points vs 08-2026
10-2026: 2.9%▲ +0.5 percentage points vs 09-2026highest value
11-2026: 2.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 172 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 19-12-2025)
Liquidity: cash €2,917
lowers risk
Founded in 2003
Calculation
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 51, micro). It does better than 88% of them on solvency, 5% on liquidity, 27% on profitability and 56% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as SEQUOIA BAY has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SEQUOIA BAY itself is higher: 2.9% within 12 months. It rests on far more data about SEQUOIA BAY than the profile alone.
Test of the method
The method was tested on the 497,447 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 17,041 companies, not a prediction for SEQUOIA BAY. 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.
Credit verdict
Credit of up to €14,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Cash is 0.9% of total assets. 13% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 99 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline07-11-2026 today
raises risk · 2024 accounts filed 172 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-01-2026, 172 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
172 days late
2023
68 days late
2022
125 days late
2021
153 days late
2020
109 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 116 days after the deadline. In the sector (NACE 51), the median for financial year 2024 was 10 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0859653194
Appointment: Jacqueline Van den Eynden (director)
General meeting of 23-06-2025 · Gazette deed
1 director appointed, 1 resignation, 3 reappointments
Reappointments: Cédric CORNEZ, Pierre d'ALBERT de LUYNES DUNOIS and CONCRAID SA · Permanent representative: Etienne PREUD'HOMME · Resignation: Pierre d'ALBERT de LUYNES DUNOIS (managing director) · General meeting of 30-11-2023 · Gazette deed
Incorporation
published on 24-07-2003 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SEQUOIA BAY Mons | €320,982 | -€246,283 | 87.0% | - |
| BUSSé HELIKOPTERS Genk | €282,559 | -€1,305 | -66.8% | - |
| MIDDLE EAST AIRLINES AIR LIBAN sal BEYROUTH | €288,094 | -€925,327 | -4211.1% | - |
| PG-Aviation Dessel | €676,674 | -€12,409 | 99.0% | - |
| ADORE Lanaken | €191,821 | -€6,155 | 31.7% | - |
| ADV Mouscron | €539,936 | -€689 | -15.3% | - |
| NAMUR AIR PROMOTION Gerpinnes | €81,484 | -€6,178 | -143.0% | - |
These companies have the same main activity as SEQUOIA BAY: passenger air transport (NACE 51100). They are comparable in size and age: total assets between €81,500 and €677,000, founded between 1982 and 2012.
Official details
Source: KBO- Status
- Active since 16-07-2003Normal situation
- Activity
- Passenger air transportNACE 51100and 5 others
- Establishment unit
- 2.132.683.5707022 Mons, since 16-07-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 28-12-2025
Insights on SEQUOIA BAY
Solvency rose in 2024 from 70.8% to 87.0% because of the retained profit and lower debts.
In March 2025, the Official Gazette published the appointment of Cédric CORNEZ as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SEQUOIA BAY
- What is the company number of SEQUOIA BAY?
- The company number of SEQUOIA BAY is 0859.653.194. The VAT number is the same number with BE in front: BE 0859.653.194.
- Where is SEQUOIA BAY based?
- The registered office is at Rue de la Licorne (H.) 52, 7022 Mons.Company details
- What does SEQUOIA BAY do?
- According to the KBO register, the main activity is passenger air transport (NACE 51100).
- What is the legal form of SEQUOIA BAY?
- SEQUOIA BAY is a public limited company (NV).
- When was SEQUOIA BAY founded?
- SEQUOIA BAY was founded on 16-07-2003.
- Is SEQUOIA BAY still active?
- Yes, SEQUOIA BAY is an active enterprise in the KBO register.
- What is the turnover of SEQUOIA BAY?
- The annual accounts for financial year 2024 state no turnover. In financial year 2019 turnover was €18,785.Financials
- Is SEQUOIA BAY profitable?
- In financial year 2024, SEQUOIA BAY made a profit of €8,730.
- Where can I find the annual accounts of SEQUOIA BAY?
- SEQUOIA BAY filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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