Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2021 and 2022.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
Sequana Medical from Gent, company number BE0707821866, closed financial year 2022 with a result of € -24.8 million after tax. For that financial year Sequana Medical recorded revenue of € 922,687 and equity of € 10.8 million. Compared with financial year 2021, the result moved from € -20 million to € -24.8 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 26, 2023.
€ 10.8 million
▲ 64% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24.8 million
▼ 24 % more loss than in 2021
Profit after tax over the fiscal year.
€ 18.4 million
▲ 99% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -162 million.
People and assets in 2022
9.2
▲ 0.2 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 8.4 million
▲ 18% vs 2021
€ 914,000 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.
€ 552,961
▲ 43% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 17.3 million
▲ 136% vs 2021
€ 4.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3.2 million
▲ 47% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 58 days on average.
€ 1.7 million
▼ 3% vs 2021
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Revenue | € 370,500 | € 922,687 | ▲ 149% |
| Profit after taxes | € -19,973,729 | € -24,785,163 | ▼ € 4.8 million |
| Equity | € 6,594,930 | € 10,802,215 | ▲ 64% |
| Total debts | € 14,024,126 | € 25,915,970 | ▲ 85% |
| Cash | € 9,241,343 | € 18,356,178 | ▲ 99% |
| Retained profit | € -137,762,717 | € -161,982,411 | ▼ € 24.2 million |
| Bank debt | € 7,312,142 | € 17,290,414 | ▲ 136% |
| Balance sheet total | € 21,128,907 | € 36,946,379 | ▲ 75% |
| Employees (FTE) | 9 | 9.2 | ▲ 0.2 |
Key figures of Sequana Medical, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to Sequana Medical?
What happened at Sequana Medical in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Sequana Medical is active according to the CBE. Legal situation: Opening faillissement.
- Alexandra Clyde stepped down as director. NBB
- Douglas Kohrs stepped down as director. NBB
- Jackie Fielding stepped down as director. NBB
- Ian Crosbie stepped down as director. NBB
- WIOT stepped down as director. NBB
- Pierre Chauvineau stepped down as director. NBB
- Rudy Dekeyser stepped down as director. NBB
- New annual accounts for financial year 2022: loss of € 24.8 million. Source: NBB ↗
In short
From € 20 million loss in 2021 to € 24.8 million loss in 2022.
Paid € 747,697 in corporate taxes since 2021.
Pays suppliers within 58 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Newton Biocapital I, pricaf privée de droit belge comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Sequana MedicalThe shares are held by Newton Biocapital I, pricaf privée de droit belge (3.9%). It owns 100% of Sequana Medical GmbH and 100% of Sequana Medical Inc itself.
Directors
According to the 2022 annual accounts
Ian Crosbie
Administrator-manager
since 2021 · until 2025
Alexandra Clyde
Director
since 2023 · until 2026
Douglas Kohrs
Director
since 2023 · until 2026
since 2021 · until 2025
Jackie Fielding
Director
since 2021 · until 2026
Pierre Chauvineau
Chairman of the board
since 2021 · until 2025
Rudy Dekeyser
Director
Also active at: reMYND, ANTIKANKERFONDS-FONDS ANTICANCER-ANTICANCER FUND, R.A.D. LIFE SCIENCES, Health Economics Privak II, LSP 6 Privak, LSP 7 Privak, EQT Partners Belgium, Fondation Fournier Majoie pour l'Innovation +2 more
since 2021 · until 2025
Shareholders
Participations
Sequana Medical GmbH
100%
Sequana Medical Inc
100%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1112 box 102
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
ASN-PROMO Merate Lc, Italy, IT
Domain
Domain
sequanamedical.com
Registered
2010-10-18
Registrar
Network Solutions, LLC
Expires
2026-10-18
Website info
Features
Security
Details
- Company number
- 0707.821.866
- VAT number
- BE 0707.821.866
- Registered office
- Kortrijksesteenweg 1112 bus 102, 9051 Gent
- Names & denominations
- Sequana Medical
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 1 October 2018
- Peppol
- Active · Active since 23 Sept 2025
- Contact
- sequanamedical.com
- Activities · NACE
Groothandel in farmaceutische en medische artikelen
Vervaardiging van medische en tandheelkundige instrumenten en benodigdheden