Quebec · NOI
First Trustee's report (In French only)
Court officer report · 22 December 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- financial positionnote: Comparative figures also shown: at Aug 31, 2025 (unaudited) total assets $29,629,123 / total liabilities $24,758,033; at Aug 31, 2024 (audited) total assets $32,238,582 / total liabilities $25,916,961. Fiscal year-end is Aug 31. · page: 4 · as at: 2025-10-31 · basis: Non-audité (unaudited interim balance sheet) · scope: Excavation National inc. (entity-level, single debtor) · currency: CAD · total assets: 27363471 · total liabilities: 24669215
- secured creditorsnote: Balance is the line of credit, net of cash, as of Dec 12, 2025 (paragraph 34). Balance sheet shows related 'Prêt bancaire' (line of credit + credit card) of $6,140,000 at Oct 31, 2025 (unaudited), $5,819,242 at Aug 31, 2025 (unaudited) and $8,570,000 at Aug 31, 2024 (audited), plus separate 'Découvert bancaire' (bank overdraft) of $739,203 at Oct 31, 2025. RBC identified as sole secured creditor (para 42(d)); RBC and Debtor entered forbearance/support agreement dated Dec 3, 2025 to Jan 30, 2026, temporarily suspending RBC's remedies while continuing to finance operations. · page: 7 · as of: 2025-12-12 · amount: 7046626 · debtor: Excavation National inc. · creditor: Banque Royale du Canada (RBC) · currency: CAD · security: Hypothèque mobilière conventionnelle sur l'universalité des biens de National (blanket security over all assets); facilité de crédit à court terme (marge de crédit)