A LA SOURCE
ActiveSummary
A LA SOURCE has been active since 1968 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show negative equity (-€6,157) and a net result of €1,435. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 10552 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+78
Solvency0=
Growth32=
Track record92
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 0.77 in 2024; short-term debt: 131.3% and cash: 1.7% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-31.3%
Return on assets
7.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 10552 sector peers (2025).
NBB · sector comparisonPosition among 10552 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
55 d late
2023
203 d late
2022
92 d late
2021
113 d late
2020
198 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 111 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
Checked, nothing found (1)
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. Usually files around 31 October (4 of the last 5 filed years within 63 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€6,157▲ 18.9%
2024 · -€7,592
Total assets
€19,671▼ 35.5%
2024 · €30,487
Net result
€1,435
2024 · -€7,372
Working capital
-€7,350▲ 14.5%
2024 · -€8,596
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€16,101▼ 173%-€1,611▲ 90.0%€11,743-€7,877€5,155
Net result-€20,322below the sector's middle half▼ 140%-€2,191within the sector's middle half▲ 89.2%€11,225within the sector's middle half-€7,372below the sector's middle half€1,435within the sector's middle half
Equity-€9,255below the sector's middle half-€11,445below the sector's middle half▼ 23.7%-€220below the sector's middle half▲ 98.1%-€7,592below the sector's middle half▼ 3,350%-€6,157below the sector's middle half▲ 18.9%
Total assets€46,203below the sector's middle half▲ 24.0%€19,470below the sector's middle half▼ 57.9%€64,908within the sector's middle half▲ 233%€30,487below the sector's middle half▼ 53.0%€19,671below the sector's middle half▼ 35.5%
Debt€55,458▲ 112%€30,915▼ 44.3%€65,128▲ 111%€38,079▼ 41.5%€25,828▼ 32.2%
Working capital-€9,606below the sector's middle half-€11,591below the sector's middle half▼ 20.7%-€833within the sector's middle half▲ 92.8%-€8,596within the sector's middle half▼ 932%-€7,350below the sector's middle half▲ 14.5%
Solvency-20.0%below the sector's middle half▼ 49.7pp-58.8%below the sector's middle half▼ 38.8pp-0.3%below the sector's middle half▲ 58.4pp-24.9%below the sector's middle half▼ 24.6pp-31.3%below the sector's middle half▼ 6.4pp
Current ratio0.83below the sector's middle half▼ 0.510.63below the sector's middle half▼ 0.200.99within the sector's middle half▲ 0.360.77below the sector's middle half▼ 0.210.72below the sector's middle half▼ 0.06
Return on assets (ROA)-44.0%below the sector's middle half▼ 21.2pp-11.3%below the sector's middle half▲ 32.7pp17.3%above the sector's middle half▲ 28.5pp-24.2%below the sector's middle half▼ 41.5pp7.3%within the sector's middle half▲ 31.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,155 after a loss of €7,877 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,671
Fixed assets
€1,193 ▲ 18.8%
Current assets
€18,478 ▼ 37.3%
Equity and liabilities
Equity-€6,157
Debt€25,828
Equity is negative: debt (€25,828) exceeds the balance-sheet total (€19,671).
Key figures and ratios
EBITDA
€5,880▲
2024 · -€7,566
Cash flow
€2,160▲
2024 · -€7,062
Quick ratio
0.17▼
2024 · 0.57
Interest coverage
17.72▲
2024 · -24.26
Debt ≤ 1 year
€25,828▼
2024 · €38,079
Income taxes
€3,334
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,913 | €206 | €400 | €310 | €725 | ▲ 134% |
| Other operating charges640/8 | €478 | €793 | €512 | €815 | €577 | ▼ 29.2% |
| Gross operating margin9900 | -€13,711 | -€611 | €12,655 | -€6,752 | €6,457 | ▲ 196% |
| Operating profit (loss)9901 | -€16,101 | -€1,611 | €11,743 | -€7,877 | €5,155 | ▲ 165% |
| Financial income75/76B | €0 | €6 | €9 | €816 | €7 | ▼ 99.1% |
| Recurring financial income75 | €0 | €6 | €9 | €816 | €7 | ▼ 99.1% |
| Non-recurring financial income76B | - | €6 | €9 | €816 | €7 | ▼ 99.1% |
| Financial charges65/66B | €4,220 | €586 | €526 | €312 | €393 | ▲ 25.9% |
| Recurring financial charges65 | €4,220 | €586 | €526 | €312 | €332 | ▲ 6.4% |
| Non-recurring financial charges66B | - | - | - | - | €61 | - |
| Profit (loss) for the period before taxes9903 | -€20,322 | -€2,191 | €11,225 | -€7,372 | €4,769 | ▲ 165% |
| Income taxes67/77 | - | - | - | - | €3,334 | - |
| Profit (loss) for the period9904 | -€20,322 | -€2,191 | €11,225 | -€7,372 | €1,435 | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | -€20,322 | -€2,191 | €11,225 | -€7,372 | €1,435 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,203 | €19,470 | €64,908 | €30,487 | €19,671 | ▼ 35.5% |
| Fixed assets21/28 | €351 | €145 | €613 | €1,004 | €1,193 | ▲ 18.8% |
| Tangible fixed assets22/27 | €351 | €145 | €613 | €1,004 | €1,193 | ▲ 18.8% |
| Furniture and vehicles24 | €351 | €145 | €613 | €1,004 | €1,193 | ▲ 18.8% |
| Current assets29/58 | €45,852 | €19,325 | €64,295 | €29,483 | €18,478 | ▼ 37.3% |
| Stocks and contracts in progress3 | €8,784 | €5,067 | €7,347 | €7,602 | €14,151 | ▲ 86.1% |
| Stocks30/36 | €8,784 | €5,067 | €7,347 | €7,602 | €14,151 | ▲ 86.1% |
| Amounts receivable within one year40/41 | €32,426 | €11,412 | €52,688 | €1,563 | €3,993 | ▲ 155% |
| Trade receivables40 | €22,354 | €1,809 | €50,282 | €220 | - | - |
| Other amounts receivable41 | €10,071 | €9,603 | €2,406 | €1,343 | €3,993 | ▲ 197% |
| Cash at bank and in hand54/58 | €4,477 | €2,643 | €4,260 | €20,119 | €334 | ▼ 98.3% |
| Deferred charges and accrued income490/1 | €165 | €202 | - | €199 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,203 | €19,470 | €64,908 | €30,487 | €19,671 | ▼ 35.5% |
| Equity10/15 | -€9,255 | -€11,445 | -€220 | -€7,592 | -€6,157 | ▲ 18.9% |
| Contributions10/11 | €33,466 | €33,466 | €33,466 | €33,466 | €33,466 | = |
| Capital10 | €33,466 | €33,466 | €33,466 | €33,466 | €33,466 | = |
| Issued capital100 | €33,466 | €33,466 | €33,466 | €33,466 | €33,466 | = |
| Reserves13 | €2,156 | €2,156 | €2,156 | €2,156 | €2,156 | = |
| Non-distributable reserves130/1 | €1,487 | €1,487 | €1,487 | €1,487 | €1,487 | = |
| Legal reserve130 | €1,487 | €1,487 | €1,487 | €1,487 | €1,487 | = |
| Distributable reserves133 | €669 | €669 | €669 | €669 | €669 | = |
| Profit (loss) carried forward14 | -€44,876 | -€47,067 | -€35,842 | -€43,214 | -€41,779 | ▲ 3.3% |
| Amounts payable17/49 | €55,458 | €30,915 | €65,128 | €38,079 | €25,828 | ▼ 32.2% |
| Amounts payable within one year42/48 | €55,458 | €30,915 | €65,128 | €38,079 | €25,828 | ▼ 32.2% |
| Trade debts44 | €5,595 | €13,199 | €8,751 | €5,709 | €5,215 | ▼ 8.7% |
| Suppliers440/4 | €5,595 | €13,199 | €8,751 | €2,372 | €5,215 | ▲ 120% |
| Bills of exchange payable441 | - | - | - | €3,337 | - | - |
| Advances received on contracts in progress46 | - | - | - | €25,000 | €17,509 | ▼ 30.0% |
| Taxes, remuneration and social security45 | €10,752 | €10,783 | €461 | €541 | €570 | ▲ 5.4% |
| Taxes450/3 | €10,752 | €10,783 | €461 | €541 | €570 | ▲ 5.4% |
| Other amounts payable47/48 | €39,111 | €6,933 | €55,915 | €6,829 | €2,533 | ▼ 62.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,322 | -€2,191 | €11,225 | -€7,372 | €1,435 | ▲ 119% |
| + Depreciation and write-downs630 | €1,913 | €206 | €400 | €310 | €725 | ▲ 134% |
| Operating cash flow (approximation) | -€18,409 | -€1,984 | €11,625 | -€7,062 | €2,160 | ▲ 131% |
| Investment in fixed assets (approximation) | - | €0 | -€868 | -€702 | -€914 | ▼ 30.3% |
| Change in cash | - | -€1,834 | €1,617 | €15,860 | -€19,785 | ▼ 225% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
24-06
State Gazette act
Registered officeRegistered-office move3 facts ▸
State Gazette act
Registered office
Registered-office move3 facts ▸
- Board meeting, 11-06-2026
- Registered-office move, Chaussée de Waterloo 1370-1180 Uccle
- Other statement, publication number, 26080432
2025
31-12
Financial
Back to profitnet €1,435
Net result €1,435 after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 203 days late
2023
31-12
Financial
Back to profitnet €11,225
Net result €11,225 after 3 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 113 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 198 days late
2021
31-12
Financial
Weakest financial yearnet -€20,322
Net result drops to -€20,322, the lowest in the series; recovery starts the following year.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €18,474 ▲480%
Operating result €18,623, net result €18,474, both a record.
Show earlier events
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
07-12
KBO administration
Strikeout withdrawal
event 29-08-2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1961
Ground area
362 m²
Building footprint
191 m²
Volume, LiDAR
1,944 m³
2 parcels, Brussels · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
ART LEASING
since 19612.003.970.312
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0009/00W011 | Brussels | 224 m² | 1 · 119 m² | 13.1 m · 3 fl. |
| 21614H0010/00Y008 | Brussels | 138 m² | 1 · 71 m² | 17.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,236 companies in this sector we hold annual accounts for 1,019. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
47789Other retail sale of new goods
46423Wholesale of clothing, excluding workwear and underwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400564072
Also
9925:BE0400564072
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.