Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 20.9 to 18.3.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SENTIANCE from Antwerpen, company number BE0473127002, closed financial year 2025 with a result of € -4.5 million after tax. For that financial year SENTIANCE recorded a gross margin of € -2.1 million and equity of € -4.6 million. Compared with financial year 2024, the result moved from € -2.6 million to € -4.5 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ -4.6 million
▼ € 2.8 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.5 million
▼ 74 % more loss than in 2024
Profit after tax over the fiscal year.
€ 401,888
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -28.3 million.
People and assets in 2025
18.3
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 2% vs 2024
€ 120,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 4.3 million
▲ 104% vs 2024
€ 300,000 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 784,603
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 222,098
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,868,983 | € -922,334 | € -355,233 | € -2,063,060 | ▼ € 1.7 million |
| Profit after taxes | € -7,745,771 | € -3,467,914 | € -2,571,137 | € -4,472,519 | ▼ € 1.9 million |
| Equity | € -920,946 | € -1,260,593 | € -1,831,689 | € -4,604,228 | ▼ € 2.8 million |
| Total debts | € 4,281,158 | € 2,947,602 | € 3,431,664 | € 6,077,249 | ▲ 77% |
| Cash | € 2,526,908 | € 904,414 | € 609,245 | € 401,888 | ▼ 34% |
| Retained profit | € -17,829,881 | € -21,297,795 | € -23,868,932 | € -28,341,451 | ▼ € 4.5 million |
| Bank debt | € 2,500,000 | € 1,700,000 | € 2,124,879 | € 4,325,000 | ▲ 104% |
| Balance sheet total | € 3,515,513 | € 1,687,009 | € 1,599,975 | € 1,473,020 | ▼ 8% |
| Employees (FTE) | 31.3 | 20.9 | 18.8 | 18.3 | ▼ 0.5 |
Key figures of SENTIANCE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SENTIANCE?
What happened at SENTIANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Arven d.o.o. stepped down as director. NBB
- Mark Ashton-Rigby stepped down as director. NBB
- Colin McQuade stepped down as director. NBB
- LUKATO NV stepped down as director. NBB
- VOLTA MANAGEMENT NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.5 million. Source: NBB ↗
- Arven d.o.o. became a director. NBB
- Mark Ashton-Rigby became a director. NBB
In short
From € 7.7 million loss in 2022 to € 4.5 million loss in 2025.
Paid € 6,756 in corporate taxes since 2022.
Management
The stake of Participatiemaatschappij Vlaanderen, Strike4, VOLTA VENTURES ARKIV, QBIC Arkiv Fund, QBIC Feeder Fund comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SENTIANCEThe shares are held by Participatiemaatschappij Vlaanderen (12.1%), Strike4 (11.3%), VOLTA VENTURES ARKIV (10.6%), QBIC Arkiv Fund (6.6%) and QBIC Feeder Fund (0.1%). It owns 100% of Sentiance USA LLC itself.
Directors
According to the 2025 annual accounts
Mark Ashton-Rigby
Director
since 2024 · until 2030
Colin McQuade
Director
since 2022 · until 2027
Director · represented by Maene Frank
Also active at: VOLTA VENTURES ARKIV, SWEEPBRIGHT, YIELDS
since 2015 · until 2027
Arven d.o.o.
Managing director · represented by Mumdziev Marijan
since 2025 · until 2031
Shareholders
11.3%
10.6%
6.6%
0.1%
Participations
Sentiance USA LLC
100%
Establishments
Establishment units
Physical locations of this company
Michel De Braeystraat 52
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →Kenvue Belgium
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€ 3 million gross margin · 2025
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€ 371,491 gross margin · 2025
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€ 28,432 gross margin · 2025
Sentiance
+20 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.127.002
- VAT number
- BE 0473.127.002
- Registered office
- Michel De Braeystraat 52, 2000 Antwerpen
- Names & denominations
- SENTIANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 2000
- Peppol
- Active · Active since 26 May 2025
- Activities · NACE
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